Stonehambank - A Co-Operative Mortgage Lending & HMDA Data, 2021
In 2021, Stonehambank - A Co-Operative of Stoneham, MA reported 257 mortgage applications totaling $160.8 million, down 61% from 2020. The average application was for $625,817, and applicants reported an average income of $191,926. 82% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (183), Boston, MA (35) and Providence-Warwick, RI-MA (10) (applications in parentheses).
| Mortgage Company & Address | Stonehambank - A Co-Operative 80 Montvale Ave Stoneham, MA 02180 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 257 |
| Total Mortgage Loan Application Amount | $160,835,000 |
| Average Mortgage Loan Application Amount | $625,817 |
| Highest Mortgage Loan Application Amount | $8,825,000 |
| Average Applicant Income | $191,926 |
| Highest Applicant Income | $2,405,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Stonehambank - A Co-Operative filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for Stonehambank - A Co-Operative in 2021
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 84 | $51,840,000 | $617,000 | $8,825,000 | $162,000 | $683,000 |
| Home Purchase | 81 | $71,935,000 | $888,000 | $7,665,000 | $232,000 | $2,405,000 |
| Refinancing | 81 | $34,035,000 | $420,000 | $3,705,000 | $166,000 | $1,409,000 |
| Home Improvement | 7 | $1,965,000 | $280,000 | $755,000 | $125,000 | $233,000 |
| Other Purpose | 4 | $1,060,000 | $265,000 | $815,000 | $651,000 | $2,405,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 172 | $58,140,000 | $338,000 | $1,325,000 | $180,000 | $2,405,000 |
| Not applicable | 64 | $92,260,000 | $1,441,000 | $8,825,000 | $0 | $0 |
| Not Provided | 9 | $4,265,000 | $473,000 | $1,005,000 | $407,000 | $2,405,000 |
| Hispanic | 7 | $2,725,000 | $389,000 | $1,205,000 | $123,000 | $216,000 |
| Asian | 4 | $3,070,000 | $767,000 | $1,755,000 | $266,000 | $646,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 256 | $160,630,000 | $627,000 | $8,825,000 | $190,000 | $2,405,000 |
| FHA-insured (Federal Housing Administration) | 1 | $205,000 | $205,000 | $205,000 | $133,000 | $133,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 212 | $120,910,000 | $570,000 | $7,665,000 | $173,000 | $2,405,000 |
| Application Denied By Financial Institution | 20 | $22,710,000 | $1,135,000 | $8,825,000 | $110,000 | $280,000 |
| Application Withdrawn By Applicant | 17 | $8,045,000 | $473,000 | $1,135,000 | $457,000 | $2,405,000 |
| Application Approved But Not Accepted | 5 | $8,065,000 | $1,613,000 | $5,425,000 | $149,000 | $149,000 |
| File Closed For Incompleteness | 3 | $1,105,000 | $368,000 | $645,000 | $147,000 | $202,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 257 | $160,835,000 | $625,000 | $8,825,000 | $189,000 | $2,405,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Stonehambank - A Co-Operative's 2021 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Stonehambank - A Co-Operative's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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