Winchester Co-Operative Bank Mortgage Lending & HMDA Data, 2022
In 2022, Winchester Co-Operative Bank of Winchester, MA reported 281 mortgage applications totaling $168.3 million, down 31% from 2021. The average application was for $598,985, and applicants reported an average income of $244,946. 81% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (220), Boston, MA (23) 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 | 281 |
| Total Mortgage Loan Application Amount | $168,315,000 |
| Average Mortgage Loan Application Amount | $598,985 |
| Highest Mortgage Loan Application Amount | $2,305,000 |
| Average Applicant Income | $244,946 |
| Highest Applicant Income | $3,391,000 |
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records Winchester Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 199 | $ 124,665,000 | $ 626,457 | $ 271,000 |
| Essex, Massachusetts | 21 | $ 12,825,000 | $ 610,714 | $ 197,000 |
| Suffolk, Massachusetts | 12 | $ 7,210,000 | $ 600,833 | $ 162,000 |
| Barnstable, Massachusetts | 8 | $ 5,020,000 | $ 627,500 | $ 179,000 |
| Norfolk, Massachusetts | 8 | $ 5,220,000 | $ 652,500 | $ 178,000 |
| Rockingham, New Hampshire | 6 | $ 1,960,000 | $ 326,666 | $ 135,000 |
| Worcester, Massachusetts | 4 | $ 1,470,000 | $ 367,500 | $ 343,000 |
| Plymouth, Massachusetts | 3 | $ 945,000 | $ 315,000 | $ 216,000 |
| Hillsborough, New Hampshire | 3 | $ 2,285,000 | $ 761,666 | $ 112,000 |
| Carroll, New Hampshire | 2 | $ 590,000 | $ 295,000 | $ 94,000 |
| Belknap, New Hampshire | 1 | $ 115,000 | $ 115,000 | $ 215,000 |
| Coos, New Hampshire | 1 | $ 255,000 | $ 255,000 | $ 477,000 |
| Grafton, New Hampshire | 1 | $ 415,000 | $ 415,000 | $ 242,000 |
Mortgage Loan Application Detail Totals for Winchester 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 | 157 | $106,835,000 | $680,000 | $2,195,000 | $251,000 | $3,391,000 |
| Refinancing | 89 | $47,145,000 | $529,000 | $2,305,000 | $226,000 | $754,000 |
| Home Improvement | 22 | $10,840,000 | $492,000 | $2,005,000 | $263,000 | $599,000 |
| Other Purpose | 13 | $3,495,000 | $268,000 | $635,000 | $271,000 | $1,202,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 182 | $100,910,000 | $554,000 | $2,005,000 | $245,000 | $3,391,000 |
| Not applicable | 36 | $28,440,000 | $790,000 | $2,305,000 | $0 | $0 |
| Not Provided | 30 | $18,190,000 | $606,000 | $2,195,000 | $290,000 | $716,000 |
| Asian | 17 | $11,455,000 | $673,000 | $1,255,000 | $262,000 | $444,000 |
| Hispanic | 10 | $4,560,000 | $456,000 | $695,000 | $149,000 | $275,000 |
| Black or African American | 2 | $600,000 | $300,000 | $305,000 | $78,000 | $83,000 |
| American Indian or Alaskan Native | 1 | $955,000 | $955,000 | $955,000 | $185,000 | $185,000 |
| 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) | 281 | $168,315,000 | $598,000 | $2,305,000 | $245,000 | $3,391,000 |
| 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 | 228 | $139,720,000 | $612,000 | $2,305,000 | $256,000 | $3,391,000 |
| Application Withdrawn By Applicant | 16 | $9,170,000 | $573,000 | $1,085,000 | $281,000 | $525,000 |
| File Closed For Incompleteness | 11 | $5,625,000 | $511,000 | $1,355,000 | $224,000 | $599,000 |
| Application Denied By Financial Institution | 8 | $3,480,000 | $435,000 | $765,000 | $143,000 | $319,000 |
| Preapproval Denied by Financial Institution | 8 | $2,860,000 | $357,000 | $585,000 | $80,000 | $133,000 |
| Preapproval Approved but not Accepted | 5 | $2,715,000 | $543,000 | $645,000 | $210,000 | $560,000 |
| Application Approved But Not Accepted | 5 | $4,745,000 | $949,000 | $1,355,000 | $212,000 | $265,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 281 | $168,315,000 | $598,000 | $2,305,000 | $245,000 | $3,391,000 |
| 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 Winchester 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 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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