Winchester Co-Operative Bank Mortgage Lending & HMDA Data, 2020
In 2020, Winchester Co-Operative Bank of Winchester, MA reported 430 mortgage applications totaling $198.9 million, up 63% from 2019. The average application was for $462,604, and applicants reported an average income of $222,825. 77% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (348), Boston, MA (38) and Barnstable Town, MA (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 | 430 |
| Total Mortgage Loan Application Amount | $198,920,000 |
| Average Mortgage Loan Application Amount | $462,604 |
| Highest Mortgage Loan Application Amount | $2,255,000 |
| Average Applicant Income | $222,825 |
| Highest Applicant Income | $1,503,000 |
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records Winchester Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 348 | $ 166,050,000 | $ 477,155 | $ 228,000 |
| Boston, MA | 38 | $ 15,610,000 | $ 410,789 | $ 166,000 |
| Barnstable Town, MA | 10 | $ 4,310,000 | $ 431,000 | $ 406,000 |
| Outside any metro area | 8 | $ 2,850,000 | $ 356,250 | $ 367,000 |
| Manchester-Nashua, NH | 6 | $ 1,760,000 | $ 293,333 | $ 113,000 |
| Rockingham County-Strafford County, NH | 3 | $ 915,000 | $ 305,000 | $ 154,000 |
| Portland-South Portland, ME | 2 | $ 960,000 | $ 480,000 | $ 106,000 |
| Providence-Warwick, RI-MA | 1 | $ 355,000 | $ 355,000 | $ 130,000 |
| Worcester, MA-CT | 1 | $ 485,000 | $ 485,000 | $ 210,000 |
Mortgage Loan Application Detail Totals for Winchester Co-Operative Bank in 2020
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 | 231 | $101,375,000 | $438,000 | $1,585,000 | $218,000 | $1,115,000 |
| Home Purchase | 135 | $75,365,000 | $558,000 | $2,255,000 | $246,000 | $1,503,000 |
| Cash-out Refinancing | 51 | $19,165,000 | $375,000 | $695,000 | $183,000 | $1,115,000 |
| Other Purpose | 7 | $885,000 | $126,000 | $345,000 | $136,000 | $426,000 |
| Home Improvement | 6 | $2,130,000 | $355,000 | $1,055,000 | $327,000 | $745,000 |
| 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 | 337 | $159,165,000 | $472,000 | $2,255,000 | $230,000 | $1,503,000 |
| Not Provided | 49 | $19,215,000 | $392,000 | $885,000 | $178,000 | $468,000 |
| Not applicable | 19 | $9,835,000 | $517,000 | $1,345,000 | $0 | $0 |
| Asian | 14 | $6,390,000 | $456,000 | $995,000 | $254,000 | $705,000 |
| Hispanic | 7 | $2,905,000 | $415,000 | $795,000 | $159,000 | $286,000 |
| Black or African American | 3 | $1,005,000 | $335,000 | $415,000 | $150,000 | $250,000 |
| American Indian or Alaskan Native | 1 | $405,000 | $405,000 | $405,000 | $168,000 | $168,000 |
| 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) | 430 | $198,920,000 | $462,000 | $2,255,000 | $223,000 | $1,503,000 |
| 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 | 329 | $154,395,000 | $469,000 | $2,255,000 | $237,000 | $1,503,000 |
| Application Denied By Financial Institution | 28 | $11,060,000 | $395,000 | $695,000 | $127,000 | $375,000 |
| Application Withdrawn By Applicant | 28 | $14,620,000 | $522,000 | $1,125,000 | $256,000 | $815,000 |
| File Closed For Incompleteness | 19 | $7,075,000 | $372,000 | $1,105,000 | $170,000 | $440,000 |
| Application Approved But Not Accepted | 13 | $6,145,000 | $472,000 | $1,265,000 | $204,000 | $430,000 |
| Preapproval Denied by Financial Institution | 11 | $4,485,000 | $407,000 | $695,000 | $94,000 | $121,000 |
| Preapproval Approved but not Accepted | 2 | $1,140,000 | $570,000 | $685,000 | $154,000 | $234,000 |
| 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 | 430 | $198,920,000 | $462,000 | $2,255,000 | $223,000 | $1,503,000 |
| 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 2020 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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