Walpole Co-Operative Bank Mortgage Lending & HMDA Data, 2023
In 2023, Walpole Co-Operative Bank of Walpole, MA reported 42 mortgage applications totaling $48.6 million, down 35% from 2022. The average application was for $1,156,190, and applicants reported an average income of $245,051. 69% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Boston, MA (24), Cambridge-Newton-Framingham, MA (7) and Barnstable Town, MA (4) (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 | 42 |
| Total Mortgage Loan Application Amount | $48,560,000 |
| Average Mortgage Loan Application Amount | $1,156,190 |
| Highest Mortgage Loan Application Amount | $5,205,000 |
| Average Applicant Income | $245,051 |
| Highest Applicant Income | $868,000 |
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records Walpole Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Walpole Co-Operative Bank in 2023
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 | 34 | $38,390,000 | $1,129,000 | $5,205,000 | $254,000 | $868,000 |
| Refinancing | 4 | $4,350,000 | $1,087,000 | $3,705,000 | $154,000 | $279,000 |
| Home Improvement | 3 | $5,095,000 | $1,698,000 | $2,395,000 | $0 | $0 |
| Cash-out Refinancing | 1 | $725,000 | $725,000 | $725,000 | $305,000 | $305,000 |
| 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 | 19 | $37,475,000 | $1,972,000 | $5,205,000 | $0 | $0 |
| White | 14 | $6,320,000 | $451,000 | $965,000 | $237,000 | $868,000 |
| Not Provided | 5 | $3,055,000 | $611,000 | $805,000 | $339,000 | $639,000 |
| Asian | 2 | $850,000 | $425,000 | $435,000 | $108,000 | $129,000 |
| Hispanic | 1 | $265,000 | $265,000 | $265,000 | $110,000 | $110,000 |
| 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) | 42 | $48,560,000 | $1,156,000 | $5,205,000 | $243,000 | $868,000 |
| 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 | 29 | $39,105,000 | $1,348,000 | $5,205,000 | $333,000 | $868,000 |
| Application Withdrawn By Applicant | 5 | $6,315,000 | $1,263,000 | $5,005,000 | $208,000 | $521,000 |
| Preapproval Approved but not Accepted | 3 | $1,165,000 | $388,000 | $435,000 | $89,000 | $91,000 |
| Preapproval Denied by Financial Institution | 2 | $650,000 | $325,000 | $385,000 | $88,000 | $110,000 |
| File Closed For Incompleteness | 2 | $730,000 | $365,000 | $405,000 | $198,000 | $276,000 |
| Application Denied By Financial Institution | 1 | $595,000 | $595,000 | $595,000 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 39 | $47,315,000 | $1,213,000 | $5,205,000 | $258,000 | $868,000 |
| Debt-To-Income Ratio | 2 | $650,000 | $325,000 | $385,000 | $88,000 | $110,000 |
| Other | 1 | $595,000 | $595,000 | $595,000 | $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 |
| 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 2023 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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