Stoughton Co-Operative Bank Mortgage Lending & HMDA Data, 2024
In 2024, Stoughton Co-Operative Bank of Stoughton, MA reported 33 mortgage applications totaling $14.7 million, up 27% from 2023. The average application was for $446,212, and applicants reported an average income of $193,031. 52% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Boston, MA (18), Providence-Warwick, RI-MA (8) and Cambridge-Newton-Framingham, MA (5) (applications in parentheses).
| Mortgage Company & Address | Stoughton Co-Operative Bank 950 Park Street Stoughton, MA 02072 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 |
| Total Number of Mortgage Applications | 33 |
| Total Mortgage Loan Application Amount | $14,725,000 |
| Average Mortgage Loan Application Amount | $446,212 |
| Highest Mortgage Loan Application Amount | $965,000 |
| Average Applicant Income | $193,031 |
| Highest Applicant Income | $758,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Stoughton Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Norfolk, Massachusetts | 15 | $ 7,185,000 | $ 479,000 | $ 204,000 |
| Bristol, Massachusetts | 8 | $ 3,150,000 | $ 393,750 | $ 237,000 |
| Middlesex, Massachusetts | 5 | $ 2,915,000 | $ 583,000 | $ 155,000 |
| Plymouth, Massachusetts | 3 | $ 915,000 | $ 305,000 | $ 118,000 |
| Somerset, Maine | 1 | $ 75,000 | $ 75,000 | $ 136,000 |
| Carroll, New Hampshire | 1 | $ 485,000 | $ 485,000 | $ 162,000 |
Mortgage Loan Application Detail Totals for Stoughton Co-Operative Bank in 2024
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 27 | $12,585,000 | $466,000 | $965,000 | $179,000 | $758,000 |
| Refinancing | 3 | $1,205,000 | $401,000 | $505,000 | $348,000 | $623,000 |
| Cash-out Refinancing | 2 | $570,000 | $285,000 | $365,000 | $150,000 | $185,000 |
| Home Improvement | 1 | $365,000 | $365,000 | $365,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 15 | $5,415,000 | $361,000 | $565,000 | $176,000 | $758,000 |
| Not Provided | 7 | $4,375,000 | $625,000 | $915,000 | $257,000 | $623,000 |
| Not applicable | 6 | $3,160,000 | $526,000 | $965,000 | $0 | $0 |
| Asian | 3 | $1,185,000 | $395,000 | $535,000 | $130,000 | $139,000 |
| Hispanic | 2 | $590,000 | $295,000 | $365,000 | $150,000 | $185,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 33 | $14,725,000 | $446,000 | $965,000 | $190,000 | $758,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 17 | $6,405,000 | $376,000 | $535,000 | $216,000 | $758,000 |
| Application Withdrawn By Applicant | 9 | $4,235,000 | $470,000 | $965,000 | $168,000 | $258,000 |
| Application Denied By Financial Institution | 6 | $3,310,000 | $551,000 | $915,000 | $143,000 | $185,000 |
| File Closed For Incompleteness | 1 | $775,000 | $775,000 | $775,000 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 33 | $14,725,000 | $446,000 | $965,000 | $190,000 | $758,000 |
| 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 Stoughton Co-Operative Bank's 2024 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 Stoughton Co-Operative Bank'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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