Stoughton Co-Operative Bank Mortgage Lending & HMDA Data, 2016
In 2016, Stoughton Co-Operative Bank of Stoughton, MA reported 99 mortgage applications totaling $21.5 million, up 29% from 2015. The average application was for $216,868, and applicants reported an average income of $116,272. 74% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Boston, MA (72), Providence-Warwick, RI-MA (15) and Cambridge-Newton-Framingham, MA (7) (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 | 99 |
| Total Mortgage Loan Application Amount | $21,470,000 |
| Average Mortgage Loan Application Amount | $216,868 |
| Highest Mortgage Loan Application Amount | $942,000 |
| Average Applicant Income | $116,272 |
| Highest Applicant Income | $450,000 |
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records Stoughton Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Stoughton Co-Operative Bank in 2016
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 | 45 | $11,761,000 | $261,000 | $942,000 | $105,000 | $360,000 |
| Home Purchase | 29 | $7,468,000 | $257,000 | $846,000 | $134,000 | $450,000 |
| Home Improvement | 25 | $2,241,000 | $89,000 | $567,000 | $116,000 | $330,000 |
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 | 84 | $18,642,000 | $221,000 | $942,000 | $118,000 | $450,000 |
| Not Provided | 7 | $692,000 | $98,000 | $256,000 | $130,000 | $205,000 |
| Asian | 3 | $1,475,000 | $491,000 | $600,000 | $148,000 | $227,000 |
| Hispanic | 2 | $121,000 | $60,000 | $79,000 | $90,000 | $125,000 |
| Not applicable | 2 | $505,000 | $252,000 | $328,000 | $0 | $0 |
| Black or African American | 1 | $35,000 | $35,000 | $35,000 | $84,000 | $84,000 |
| Native Hawaiin 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) | 99 | $21,470,000 | $216,000 | $942,000 | $116,000 | $450,000 |
| 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 | 73 | $15,806,000 | $216,000 | $600,000 | $106,000 | $450,000 |
| File Closed For Incompleteness | 10 | $1,376,000 | $137,000 | $303,000 | $116,000 | $330,000 |
| Application Denied By Financial Institution | 7 | $1,041,000 | $148,000 | $595,000 | $73,000 | $149,000 |
| Loan Purchased By The Institution | 5 | $2,980,000 | $596,000 | $942,000 | $261,000 | $360,000 |
| Application Withdrawn By Applicant | 4 | $267,000 | $66,000 | $150,000 | $200,000 | $263,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 4 | $141,000 | $35,000 | $42,000 | $79,000 | $131,000 |
| Debt-To-Income Ratio | 2 | $745,000 | $372,000 | $595,000 | $87,000 | $149,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $155,000 | $155,000 | $155,000 | $22,000 | $22,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 2016 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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