Mortgage lender · Franklin, MA · LEI 549300DASRDHPPEK5V15

Dean Co-operative Bank review: approval odds, rates and grade (2025)

Dean Co-operative Bank earns a C, in line with the typical performance of small mortgage lenders. It turned down 14.2% of the applications it decided on in 2025, which ranks in the 33rd percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

177Applications2025
67.2%Originatedof applications
14.2%Decision denial ratenational 22.6%
Median ratenational 6.63%
$38MLoan volume3 states

Dean Co-operative Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

12.4%Denial rate (all applications)-5.55 pts vs national
14.2%Denial rate (decided applications)-8.40 pts vs national
67.2%Origination rate+9.20 pts vs national
10.2%Withdrawn by applicant
2.3%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$205,000Median loan amount
Median total loan costs
$139kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

33rd14.2% denied

Processwithdrawn + incomplete share, weight 15%

46th12.4%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202321215211.8%13.2%$29M
202417511512.0%14.5%$36M
202517711912.4%14.2%$38M

What Dean Co-operative Bank lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 59 33% · 6.8% denied
Refinance 19 11% · 10.5% denied
Cash-out refinance 39 22% · 12.8% denied
Home improvement 42 24% · 19.1% denied
Other / HELOC 18 10% · 16.7% denied

By loan type

Conventional 177 100% · 12.4% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 21 investment properties.

Who gets approved at Dean Co-operative Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k221428.6%
$100k – $150k523912.2%
$150k – $250k352611.8%
Over $250k22184.8%
Applicant ageApplicationsOriginatedDecision denial rate
25–3422160.0%
35–44372421.9%
45–54311818.5%
55–64443118.0%
65–74221410.5%

Where Dean Co-operative Bank lends

3 states and 12 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Massachusetts15210610.5%#200
Rhode Island241325.0%#140

Frequently asked questions

Dean Co-operative Bank denied 14.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 33rd percentile of small mortgage lenders.

In 2025, 33% of its applications were for home purchases, 33% for refinancing (including cash-out), and 34% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Dean Co-operative Bank. Data sources · Methodology