Lender profile · HMDA 2023–2025
Salem Co-Operative Bank mortgage approval rates & lending data
Salem Co-Operative Bank decided 338 mortgage applications and funded 256 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval 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 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.