Walpole Co-Operative Bank Mortgage Lending & HMDA Data, 2022
In 2022, Walpole Co-Operative Bank of Walpole, MA reported 65 mortgage applications totaling $72.0 million, down 36% from 2021. The average application was for $1,108,230, and applicants reported an average income of $348,578. 91% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Boston, MA (45), Cambridge-Newton-Framingham, MA (14) and Providence-Warwick, RI-MA (3) (applications in parentheses).
| Mortgage Company & Address | Walpole Co-Operative Bank 982 Main Street Walpole, MA 02081 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 |
| Total Number of Mortgage Applications | 65 |
| Total Mortgage Loan Application Amount | $72,035,000 |
| Average Mortgage Loan Application Amount | $1,108,230 |
| Highest Mortgage Loan Application Amount | $8,265,000 |
| Average Applicant Income | $348,578 |
| Highest Applicant Income | $1,120,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Walpole Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 27 | $ 17,145,000 | $ 635,000 | $ 250,000 |
| Suffolk, Massachusetts | 17 | $ 24,085,000 | $ 1,416,764 | $ 781,000 |
| Middlesex, Massachusetts | 13 | $ 24,465,000 | $ 1,881,923 | $ 0 |
| Bristol, Massachusetts | 3 | $ 1,065,000 | $ 355,000 | $ 199,000 |
| Barnstable, Massachusetts | 1 | $ 1,225,000 | $ 1,225,000 | $ 0 |
| Essex, Massachusetts | 1 | $ 3,005,000 | $ 3,005,000 | $ 0 |
| Plymouth, Massachusetts | 1 | $ 495,000 | $ 495,000 | $ 336,000 |
Mortgage Loan Application Detail Totals for Walpole Co-Operative Bank in 2022
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 | 42 | $58,800,000 | $1,400,000 | $8,265,000 | $282,000 | $637,000 |
| Refinancing | 10 | $8,190,000 | $819,000 | $3,005,000 | $728,000 | $1,120,000 |
| Home Improvement | 8 | $3,780,000 | $472,000 | $1,765,000 | $0 | $0 |
| Cash-out Refinancing | 5 | $1,265,000 | $253,000 | $555,000 | $149,000 | $230,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 50 | $64,360,000 | $1,287,000 | $8,265,000 | $0 | $0 |
| Not Provided | 8 | $5,920,000 | $740,000 | $1,805,000 | $421,000 | $1,120,000 |
| White | 7 | $1,755,000 | $250,000 | $495,000 | $155,000 | $336,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 65 | $72,035,000 | $1,108,000 | $8,265,000 | $297,000 | $1,120,000 |
| 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 | 59 | $69,245,000 | $1,173,000 | $8,265,000 | $362,000 | $1,120,000 |
| Preapproval Approved but not Accepted | 2 | $550,000 | $275,000 | $375,000 | $81,000 | $114,000 |
| Application Approved But Not Accepted | 2 | $1,650,000 | $825,000 | $1,455,000 | $147,000 | $147,000 |
| Application Withdrawn By Applicant | 1 | $75,000 | $75,000 | $75,000 | $0 | $0 |
| File Closed For Incompleteness | 1 | $515,000 | $515,000 | $515,000 | $168,000 | $168,000 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Not applicable | 65 | $72,035,000 | $1,108,000 | $8,265,000 | $297,000 | $1,120,000 |
| 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 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Walpole Co-Operative Bank's 2022 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 Walpole 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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