Mortgage lender · Everett, MA · LEI 549300C2GTHMQQJ5CS20

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

Everett Co-operative Bank earns a B, better than most small mortgage lenders. It turned down 6.0% of the applications it decided on in 2025, which ranks in the 67th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

240Applications2025
83.3%Originatedof applications
6.0%Decision denial ratenational 22.6%
Median ratenational 6.63%
$282MLoan volume5 states

Everett Co-operative Bank at a glance, 2025

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

5.4%Denial rate (all applications)-12.56 pts vs national
6.0%Denial rate (decided applications)-16.60 pts vs national
83.3%Origination rate+25.30 pts vs national
5.8%Withdrawn by applicant
3.8%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$505,000Median loan amount
Median total loan costs
$214kMedian applicant income
Median loan-to-value
0High-cost (HOEPA) loans

How the B 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%

67th6.0% denied

Processwithdrawn + incomplete share, weight 15%

59th9.6%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202329120913.1%15.0%$166M
202424318113.6%14.9%$162M
20252402005.4%6.0%$282M

What Everett 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 95 40% · 0.0% denied
Refinance 42 18% · 4.8% denied
Cash-out refinance 38 16% · 5.3% denied
Home improvement 27 11% · 7.4% denied
Other / HELOC 38 16% · 18.4% denied

By loan type

Conventional 240 100% · 5.4% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 115 investment properties.

Who gets approved at Everett Co-operative Bank

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

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k241312.5%
$100k – $150k27214.4%
$150k – $250k32286.7%
Over $250k70614.6%
Applicant ageApplicationsOriginatedDecision denial rate
35–4443338.1%
45–5444377.5%
55–64372418.8%

Where Everett Co-operative Bank lends

5 states and 17 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Massachusetts2291915.7%#144
New Hampshire650.0%#315

Frequently asked questions

Everett Co-operative Bank denied 6.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 67th percentile of small mortgage lenders.

In 2025, 40% of its applications were for home purchases, 33% for refinancing (including cash-out), and 27% 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 Everett Co-operative Bank. Data sources · Methodology