Reading Co-Operative Bank mortgage approval rate & lending review
Reading Co-Operative Bank decided 408 mortgage applications and funded 355 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Reading Co-Operative Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Reading Co-Operative Bank at a glance
Approval is 9.8 points above the 79.7% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 94% | 165 / 175 | 99% | $465K | 164 |
| Home improvement loans | 81% | 46 / 57 | 98% | $55K | 45 |
| Cash-out refinance | 86% | 44 / 51 | 100% | $175K | 44 |
| Investment property purchase | 87% | 54 / 62 | 93% | $695K | 50 |
| Investment refinance | 85% | 28 / 33 | 89% | $615K | 25 |
Reading Co-Operative Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Massachusetts | 89% | $495K | 384 | 332 |
| New Hampshire | 95% | $425K | 20 | 19 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Reading Co-Operative Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Essex County, MA | Mortgage lenders | 92% | 74 | 67 |
| Middlesex County, MA | Home improvement loans | 79% | 33 | 25 |
| Middlesex County, MA | Investment property purchase | 82% | 28 | 22 |
| Essex County, MA | Cash-out refinance | 91% | 22 | 20 |
| Middlesex County, MA | Cash-out refinance | 83% | 24 | 20 |
| Essex County, MA | Home improvement loans | 83% | 23 | 19 |
The county markets where Reading Co-Operative Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Reading Co-Operative Bank
What is Reading Co-Operative Bank's mortgage approval rate?
Reading Co-Operative Bank approved 89.5% of the 408 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 9.8 points above the 79.7% national rate for the same mix of loan types.
How often do borrowers take the loan Reading Co-Operative Bank offers?
Borrowers accepted 97% of the loans Reading Co-Operative Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Reading Co-Operative Bank make?
The typical home purchase mortgage loan Reading Co-Operative Bank made was $465K; across all loan types its typical loan ran from $55K to $695K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Reading Co-Operative Bank lend?
Reading Co-Operative Bank decided applications in 3 of the states Fat Boy Data covers, most of them in Massachusetts, New Hampshire and Maine.
Can I apply to Reading Co-Operative Bank directly?
Yes. Reading Co-Operative Bank is a bank or credit union with 13 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Reading Co-Operative Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Reading Co-Operative Bank treats applications, then get a rate quote from the lender.