Salem Co-Operative Bank mortgage approval rate & lending review
Salem Co-Operative Bank decided 338 mortgage applications and funded 256 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Salem Co-Operative Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Salem Co-Operative Bank at a glance
Approval is 2.0 points below the 80.7% 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 | 85% | 159 / 186 | 97% | $455K | 155 |
| Home improvement loans | 63% | 41 / 65 | 95% | $55K | 39 |
| Refinance | 69% | 36 / 52 | 97% | $275K | 35 |
| Investment property purchase | 85% | 23 / 27 | 96% | $405K | 22 |
Salem Co-Operative Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| New Hampshire | 80% | $455K | 264 | 206 |
| Massachusetts | 73% | $445K | 74 | 50 |
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 Salem Co-Operative Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Rockingham County, NH | Mortgage lenders | 84% | 95 | 78 |
| Hillsborough County, NH | Mortgage lenders | 93% | 42 | 38 |
| Rockingham County, NH | Home improvement loans | 65% | 40 | 26 |
| Rockingham County, NH | Refinance | 77% | 35 | 26 |
The county markets where Salem Co-Operative Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Salem Co-Operative Bank
What is Salem Co-Operative Bank's mortgage approval rate?
Salem Co-Operative Bank approved 78.7% of the 338 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 2.0 points below the 80.7% national rate for the same mix of loan types.
How often do borrowers take the loan Salem Co-Operative Bank offers?
Borrowers accepted 96% of the loans Salem 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 Salem Co-Operative Bank make?
The typical home purchase mortgage loan Salem Co-Operative Bank made was $455K; across all loan types its typical loan ran from $55K to $455K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Salem Co-Operative Bank lend?
Salem Co-Operative Bank decided applications in 2 of the states Fat Boy Data covers, most of them in New Hampshire and Massachusetts.
Can I apply to Salem Co-Operative Bank directly?
Yes. Salem Co-Operative Bank is a bank or credit union with 2 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Salem 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 Salem Co-Operative Bank treats applications, then get a rate quote from the lender.