Winchester Co-Operative Bank Mortgage Lending & HMDA Data, 2003
In 2003, Winchester Co-Operative Bank of Winchester, MA reported 609 mortgage applications totaling $141.9 million. The average application was for $232,975, and applicants reported an average income of $121,410. 94% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Boston, MA-NH (546), Lowell, MA-NH (22) and Lawrence, MA-NH (10) (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 | 609 |
| Total Mortgage Loan Application Amount | $141,882,000 |
| Average Mortgage Loan Application Amount | $232,975 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $121,410 |
| Highest Applicant Income | $882,000 |
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records Winchester Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boston, MA-NH | 546 | $ 130,007,000 | $ 238,108 | $ 118,000 |
| Lowell, MA-NH | 22 | $ 3,177,000 | $ 144,409 | $ 58,000 |
| Lawrence, MA-NH | 10 | $ 2,300,000 | $ 230,000 | $ 54,000 |
| Barnstable-Yarmouth, MA | 7 | $ 1,144,000 | $ 163,428 | $ 95,000 |
| Worcester, MA-CT | 3 | $ 523,000 | $ 174,333 | $ 82,000 |
| Nashua, NH | 2 | $ 560,000 | $ 280,000 | $ 84,000 |
| Brockton, MA | 1 | $ 243,000 | $ 243,000 | $ 104,000 |
| Fitchburg-Leominster, MA | 1 | $ 216,000 | $ 216,000 | $ 174,000 |
| New Bedford, MA | 1 | $ 297,000 | $ 297,000 | $ 340,000 |
Mortgage Loan Application Detail Totals for Winchester Co-Operative Bank in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 461 | $95,011,000 | $207,000 | $1,300,000 | $133,500 | $553,000 |
| Home Purchase (one-to-four family) | 129 | $44,571,000 | $286,500 | $1,280,000 | $95,000 | $882,000 |
| Home Improvement (one-to-four family) | 15 | $1,335,000 | $89,000 | $325,000 | $95,000 | $242,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 4 | $965,000 | $241,000 | $365,000 | $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 | 581 | $135,422,000 | $223,000 | $1,300,000 | $113,500 | $882,000 |
| Asian or Pacific Islander | 12 | $2,718,000 | $226,000 | $440,000 | $162,000 | $345,000 |
| Information not provided by applicant in mail or telephone application | 7 | $1,978,000 | $282,000 | $617,000 | $187,000 | $339,000 |
| Black | 6 | $1,259,000 | $209,000 | $313,000 | $90,000 | $107,000 |
| Hispanic | 2 | $400,000 | $200,000 | $210,000 | $115,000 | $122,000 |
| Not applicable | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| Other | 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) | 609 | $141,882,000 | $223,000 | $1,300,000 | $116,000 | $882,000 |
| 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 | 575 | $132,537,000 | $227,000 | $1,300,000 | $128,000 | $882,000 |
| Application Withdrawn By Applicant | 20 | $6,156,000 | $271,500 | $617,000 | $101,500 | $275,000 |
| Application Approved But Not Accepted | 5 | $775,000 | $155,000 | $275,000 | $69,000 | $139,000 |
| Application Denied By Financial Institution | 5 | $1,549,000 | $227,000 | $540,000 | $48,000 | $133,000 |
| File Closed For Incompleteness | 4 | $865,000 | $216,000 | $304,000 | $42,000 | $92,000 |
| 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 |
|---|---|---|---|---|---|---|
| Unverifiable Information | 2 | $630,000 | $315,000 | $540,000 | $66,500 | $133,000 |
| Mortgage Insurance Denied | 1 | $275,000 | $275,000 | $275,000 | $77,000 | $77,000 |
| Collateral | 1 | $300,000 | $300,000 | $300,000 | $87,000 | $87,000 |
| Debt-To-Income Ratio | 1 | $344,000 | $344,000 | $344,000 | $89,000 | $89,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Winchester Co-Operative Bank's 2003 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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