Winchester Co-Operative Bank Mortgage Lending & HMDA Data, 2016
In 2016, Winchester Co-Operative Bank of Winchester, MA reported 347 mortgage applications totaling $159.2 million, up 11% from 2015. The average application was for $458,654, and applicants reported an average income of $179,743. 83% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (278), Boston, MA (37) and Barnstable Town, MA (8) (applications in parentheses).
| Mortgage Company & Address | Winchester Co-Operative Bank 19 Church Street Winchester, MA 01890 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 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 347 |
| Total Mortgage Loan Application Amount | $159,153,000 |
| Average Mortgage Loan Application Amount | $458,654 |
| Highest Mortgage Loan Application Amount | $7,138,000 |
| Average Applicant Income | $179,743 |
| Highest Applicant Income | $2,819,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Winchester Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Middlesex, Massachusetts | 244 | $ 113,586,000 | $ 465,516 | $ 178,000 |
| Essex, Massachusetts | 34 | $ 11,290,000 | $ 332,058 | $ 119,000 |
| Suffolk, Massachusetts | 26 | $ 14,518,000 | $ 558,384 | $ 256,000 |
| Barnstable, Massachusetts | 8 | $ 5,581,000 | $ 697,625 | $ 254,000 |
| Norfolk, Massachusetts | 8 | $ 4,739,000 | $ 592,375 | $ 158,000 |
| Rockingham, New Hampshire | 7 | $ 1,601,000 | $ 228,714 | $ 108,000 |
| York, Maine | 3 | $ 1,219,000 | $ 406,333 | $ 359,000 |
| Plymouth, Massachusetts | 3 | $ 1,265,000 | $ 421,666 | $ 112,000 |
| Worcester, Massachusetts | 2 | $ 343,000 | $ 171,500 | $ 331,000 |
| Belknap, New Hampshire | 2 | $ 519,000 | $ 259,500 | $ 376,000 |
| Hillsborough, New Hampshire | 2 | $ 698,000 | $ 349,000 | $ 127,000 |
| Bristol, Massachusetts | 1 | $ 48,000 | $ 48,000 | $ 84,000 |
| Dukes, Massachusetts | 1 | $ 1,020,000 | $ 1,020,000 | $ 318,000 |
Mortgage Loan Application Detail Totals for Winchester 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 180 | $99,746,000 | $554,000 | $7,138,000 | $204,000 | $2,819,000 |
| Refinancing | 109 | $37,407,000 | $343,000 | $1,520,000 | $147,000 | $637,000 |
| Home Improvement | 58 | $22,000,000 | $379,000 | $1,208,000 | $166,000 | $603,000 |
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 | 284 | $125,894,000 | $443,000 | $2,694,000 | $185,000 | $2,819,000 |
| Not Provided | 42 | $16,982,000 | $404,000 | $1,238,000 | $181,000 | $610,000 |
| Asian | 14 | $6,894,000 | $492,000 | $1,086,000 | $149,000 | $382,000 |
| Not applicable | 4 | $8,404,000 | $2,101,000 | $7,138,000 | $0 | $0 |
| Hispanic | 2 | $653,000 | $326,000 | $368,000 | $30,000 | $61,000 |
| Black or African American | 1 | $326,000 | $326,000 | $326,000 | $128,000 | $128,000 |
| 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) | 347 | $159,153,000 | $458,000 | $7,138,000 | $179,000 | $2,819,000 |
| 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 | 288 | $133,278,000 | $462,000 | $7,138,000 | $186,000 | $2,819,000 |
| Application Withdrawn By Applicant | 19 | $7,606,000 | $400,000 | $1,500,000 | $182,000 | $603,000 |
| Application Denied By Financial Institution | 15 | $7,555,000 | $503,000 | $1,190,000 | $110,000 | $215,000 |
| File Closed For Incompleteness | 13 | $5,645,000 | $434,000 | $1,000,000 | $161,000 | $526,000 |
| Application Approved But Not Accepted | 6 | $2,343,000 | $390,000 | $599,000 | $137,000 | $394,000 |
| Preapproval Denied by Financial Institution | 6 | $2,726,000 | $454,000 | $1,000,000 | $115,000 | $319,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Winchester 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 Winchester 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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