Stoughton Co-Operative Bank Mortgage Lending & HMDA Data, 2018
In 2018, Stoughton Co-Operative Bank of Stoughton, MA reported 91 mortgage applications totaling $18.1 million, up 42% from 2017. The average application was for $198,846, and applicants reported an average income of $110,191. 78% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Boston, MA (62), Providence-Warwick, RI-MA (15) and Cambridge-Newton-Framingham, MA (10) (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 | 91 |
| Total Mortgage Loan Application Amount | $18,095,000 |
| Average Mortgage Loan Application Amount | $198,846 |
| Highest Mortgage Loan Application Amount | $795,000 |
| Average Applicant Income | $110,191 |
| Highest Applicant Income | $261,000 |
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records Stoughton Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2018
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 | 35 | $9,555,000 | $273,000 | $685,000 | $99,000 | $232,000 |
| Home Improvement | 31 | $1,605,000 | $51,000 | $605,000 | $123,000 | $261,000 |
| Cash-out Refinancing | 15 | $3,255,000 | $217,000 | $455,000 | $103,000 | $244,000 |
| Refinancing | 8 | $2,420,000 | $302,000 | $485,000 | $123,000 | $230,000 |
| Not Applicable | 2 | $1,260,000 | $630,000 | $795,000 | $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 | 60 | $11,870,000 | $197,000 | $615,000 | $108,000 | $261,000 |
| Not Provided | 13 | $1,815,000 | $139,000 | $405,000 | $125,000 | $212,000 |
| Asian | 6 | $840,000 | $140,000 | $365,000 | $141,000 | $228,000 |
| Black or African American | 4 | $430,000 | $107,000 | $265,000 | $71,000 | $94,000 |
| Hispanic | 4 | $870,000 | $217,000 | $365,000 | $83,000 | $117,000 |
| Not applicable | 4 | $2,270,000 | $567,000 | $795,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 91 | $18,095,000 | $198,000 | $795,000 | $110,000 | $261,000 |
| 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 | 71 | $14,515,000 | $204,000 | $685,000 | $119,000 | $261,000 |
| Application Denied By Financial Institution | 10 | $690,000 | $69,000 | $295,000 | $69,000 | $139,000 |
| Application Withdrawn By Applicant | 4 | $700,000 | $175,000 | $405,000 | $131,000 | $212,000 |
| File Closed For Incompleteness | 3 | $595,000 | $198,000 | $365,000 | $47,000 | $89,000 |
| Loan Purchased By The Institution | 2 | $1,260,000 | $630,000 | $795,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $335,000 | $335,000 | $335,000 | $86,000 | $86,000 |
| 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 | 91 | $18,095,000 | $198,000 | $795,000 | $110,000 | $261,000 |
| 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 2018 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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