Winchester Co-Operative Bank Mortgage Lending & HMDA Data, 2017
In 2017, Winchester Co-Operative Bank of Winchester, MA reported 331 mortgage applications totaling $151.3 million, down 5% from 2016. The average application was for $457,093, and applicants reported an average income of $155,851. 84% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (268), Boston, MA (30) and Barnstable Town, MA (6) (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 | 331 |
| Total Mortgage Loan Application Amount | $151,298,000 |
| Average Mortgage Loan Application Amount | $457,093 |
| Highest Mortgage Loan Application Amount | $2,280,000 |
| Average Applicant Income | $155,851 |
| Highest Applicant Income | $2,735,000 |
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records Winchester Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cambridge-Newton-Framingham, MA | 268 | $ 125,362,000 | $ 467,768 | $ 160,000 |
| Boston, MA | 30 | $ 15,843,000 | $ 528,100 | $ 153,000 |
| Barnstable Town, MA | 6 | $ 2,196,000 | $ 366,000 | $ 263,000 |
| Manchester-Nashua, NH | 3 | $ 542,000 | $ 180,666 | $ 42,000 |
| Worcester, MA-CT | 3 | $ 600,000 | $ 200,000 | $ 99,000 |
| Rockingham County-Strafford County, NH | 2 | $ 469,000 | $ 234,500 | $ 51,000 |
| Portland-South Portland, ME | 1 | $ 143,000 | $ 143,000 | $ 216,000 |
| Providence-Warwick, RI-MA | 1 | $ 140,000 | $ 140,000 | $ 0 |
Mortgage Loan Application Detail Totals for Winchester Co-Operative Bank in 2017
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 | 182 | $92,073,000 | $505,000 | $2,280,000 | $158,000 | $2,735,000 |
| Refinancing | 77 | $31,831,000 | $413,000 | $2,120,000 | $131,000 | $850,000 |
| Home Improvement | 72 | $27,394,000 | $380,000 | $1,900,000 | $177,000 | $1,134,000 |
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 | 241 | $103,239,000 | $428,000 | $2,280,000 | $177,000 | $2,735,000 |
| Not applicable | 41 | $25,462,000 | $621,000 | $2,120,000 | $0 | $0 |
| Not Provided | 30 | $15,347,000 | $511,000 | $2,080,000 | $235,000 | $1,121,000 |
| Asian | 9 | $3,626,000 | $402,000 | $1,318,000 | $110,000 | $314,000 |
| Black or African American | 6 | $2,544,000 | $424,000 | $529,000 | $117,000 | $170,000 |
| Hispanic | 4 | $1,080,000 | $270,000 | $363,000 | $63,000 | $74,000 |
| Native Hawaiian 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) | 331 | $151,298,000 | $457,000 | $2,280,000 | $156,000 | $2,735,000 |
| 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 | 278 | $130,219,000 | $468,000 | $2,120,000 | $159,000 | $1,134,000 |
| Application Withdrawn By Applicant | 14 | $6,030,000 | $430,000 | $1,168,000 | $88,000 | $223,000 |
| Application Denied By Financial Institution | 13 | $4,118,000 | $316,000 | $710,000 | $110,000 | $318,000 |
| Preapproval Denied by Financial Institution | 12 | $4,827,000 | $402,000 | $1,045,000 | $73,000 | $159,000 |
| File Closed For Incompleteness | 11 | $3,154,000 | $286,000 | $1,260,000 | $76,000 | $185,000 |
| Application Approved But Not Accepted | 3 | $2,950,000 | $983,000 | $2,280,000 | $988,000 | $2,735,000 |
| 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 2017 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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