Winchester Co-Operative Bank Mortgage Lending & HMDA Data, 2021
In 2021, Winchester Co-Operative Bank of Winchester, MA reported 405 mortgage applications totaling $221.2 million, down 6% from 2020. The average application was for $546,283, and applicants reported an average income of $212,607. 76% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (305), Boston, MA (46) and Barnstable Town, MA (16) (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 | 405 |
| Total Mortgage Loan Application Amount | $221,245,000 |
| Average Mortgage Loan Application Amount | $546,283 |
| Highest Mortgage Loan Application Amount | $8,805,000 |
| Average Applicant Income | $212,607 |
| Highest Applicant Income | $2,766,000 |
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records Winchester Co-Operative Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 305 | $ 175,605,000 | $ 575,754 | $ 214,000 |
| Boston, MA | 46 | $ 24,070,000 | $ 523,260 | $ 264,000 |
| Barnstable Town, MA | 16 | $ 6,600,000 | $ 412,500 | $ 180,000 |
| Manchester-Nashua, NH | 5 | $ 1,355,000 | $ 271,000 | $ 80,000 |
| Rockingham County-Strafford County, NH | 5 | $ 1,875,000 | $ 375,000 | $ 220,000 |
| Worcester, MA-CT | 3 | $ 1,095,000 | $ 365,000 | $ 205,000 |
| Outside any metro area | 2 | $ 320,000 | $ 160,000 | $ 143,000 |
| Pittsfield, MA | 1 | $ 155,000 | $ 155,000 | $ 202,000 |
| Portland-South Portland, ME | 1 | $ 445,000 | $ 445,000 | $ 186,000 |
| Providence-Warwick, RI-MA | 1 | $ 565,000 | $ 565,000 | $ 115,000 |
Mortgage Loan Application Detail Totals for Winchester Co-Operative Bank in 2021
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 | 195 | $91,595,000 | $469,000 | $2,255,000 | $200,000 | $971,000 |
| Home Purchase | 145 | $92,855,000 | $640,000 | $2,445,000 | $220,000 | $1,901,000 |
| Cash-out Refinancing | 46 | $25,950,000 | $564,000 | $8,805,000 | $143,000 | $318,000 |
| Home Improvement | 10 | $6,550,000 | $655,000 | $2,205,000 | $375,000 | $1,297,000 |
| Other Purpose | 9 | $4,295,000 | $477,000 | $1,505,000 | $542,000 | $2,766,000 |
| 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 | 296 | $148,780,000 | $502,000 | $2,255,000 | $221,000 | $2,766,000 |
| Not Provided | 43 | $24,225,000 | $563,000 | $1,455,000 | $192,000 | $660,000 |
| Not applicable | 25 | $28,415,000 | $1,136,000 | $8,805,000 | $0 | $0 |
| Asian | 19 | $10,425,000 | $548,000 | $1,445,000 | $166,000 | $597,000 |
| Black or African American | 11 | $4,245,000 | $385,000 | $805,000 | $109,000 | $223,000 |
| Hispanic | 10 | $4,350,000 | $435,000 | $835,000 | $150,000 | $310,000 |
| American Indian or Alaskan Native | 1 | $805,000 | $805,000 | $805,000 | $148,000 | $148,000 |
| 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) | 405 | $221,245,000 | $546,000 | $8,805,000 | $210,000 | $2,766,000 |
| 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 | 309 | $172,225,000 | $557,000 | $8,805,000 | $227,000 | $2,766,000 |
| File Closed For Incompleteness | 25 | $16,865,000 | $674,000 | $2,255,000 | $267,000 | $869,000 |
| Application Denied By Financial Institution | 22 | $10,040,000 | $456,000 | $1,485,000 | $79,000 | $175,000 |
| Application Withdrawn By Applicant | 19 | $8,825,000 | $464,000 | $1,205,000 | $190,000 | $781,000 |
| Preapproval Approved but not Accepted | 15 | $5,855,000 | $390,000 | $805,000 | $92,000 | $166,000 |
| Application Approved But Not Accepted | 9 | $3,925,000 | $436,000 | $705,000 | $128,000 | $228,000 |
| Preapproval Denied by Financial Institution | 6 | $3,510,000 | $585,000 | $1,055,000 | $136,000 | $301,000 |
| 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 | 405 | $221,245,000 | $546,000 | $8,805,000 | $210,000 | $2,766,000 |
| 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 2021 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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