Stoughton Co-Operative Bank Mortgage Lending & HMDA Data, 2020
In 2020, Stoughton Co-Operative Bank of Stoughton, MA reported 139 mortgage applications totaling $44.0 million, up 128% from 2019. The average application was for $316,654, and applicants reported an average income of $133,589. 86% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Boston, MA (111), Providence-Warwick, RI-MA (19) 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 | 139 |
| Total Mortgage Loan Application Amount | $44,015,000 |
| Average Mortgage Loan Application Amount | $316,654 |
| Highest Mortgage Loan Application Amount | $1,005,000 |
| Average Applicant Income | $133,589 |
| Highest Applicant Income | $420,000 |
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records Stoughton Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boston, MA | 111 | $ 34,175,000 | $ 307,882 | $ 125,000 |
| Providence-Warwick, RI-MA | 19 | $ 5,345,000 | $ 281,315 | $ 167,684 |
| Cambridge-Newton-Framingham, MA | 5 | $ 3,265,000 | $ 653,000 | $ 168,000 |
| Barnstable Town, MA | 2 | $ 330,000 | $ 165,000 | $ 0 |
| Outside any metro area | 1 | $ 585,000 | $ 585,000 | $ 234,000 |
| Worcester, MA-CT | 1 | $ 315,000 | $ 315,000 | $ 124,000 |
Mortgage Loan Application Detail Totals for Stoughton Co-Operative Bank in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 125 | $40,475,000 | $323,000 | $1,005,000 | $135,000 | $420,000 |
| Home Purchase | 9 | $3,395,000 | $377,000 | $955,000 | $136,000 | $307,000 |
| Home Improvement | 5 | $145,000 | $29,000 | $45,000 | $94,000 | $120,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $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 | 85 | $27,155,000 | $319,000 | $955,000 | $137,000 | $420,000 |
| Not Provided | 30 | $8,510,000 | $283,000 | $865,000 | $137,000 | $252,000 |
| Hispanic | 13 | $3,305,000 | $254,000 | $405,000 | $89,000 | $155,000 |
| Black or African American | 7 | $1,685,000 | $240,000 | $345,000 | $95,000 | $132,000 |
| Asian | 4 | $3,360,000 | $840,000 | $1,005,000 | $211,000 | $247,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 139 | $44,015,000 | $316,000 | $1,005,000 | $133,000 | $420,000 |
| 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 | 119 | $38,755,000 | $325,000 | $1,005,000 | $142,000 | $420,000 |
| Application Denied By Financial Institution | 12 | $3,980,000 | $331,000 | $675,000 | $68,000 | $132,000 |
| Application Withdrawn By Applicant | 4 | $470,000 | $117,000 | $235,000 | $81,000 | $120,000 |
| File Closed For Incompleteness | 4 | $810,000 | $202,000 | $325,000 | $121,000 | $190,000 |
| 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 | 139 | $44,015,000 | $316,000 | $1,005,000 | $133,000 | $420,000 |
| 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 2020 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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