Norwood Co-operative Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
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%
65th6.3% deniedProcesswithdrawn + incomplete share, weight 15%
79th4.8%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 220 | 172 | 9.6% | 10.6% | — | $154M |
| 2024 | 160 | 131 | 6.3% | 7.0% | — | $94M |
| 2025 | 166 | 147 | 6.0% | 6.3% | — | $169M |
What Norwood 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
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 70 investment properties.
Who gets approved at Norwood Co-operative Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $100k – $150k | 25 | 22 | 8.3% |
| $150k – $250k | 37 | 32 | 5.9% |
| Over $250k | 26 | 22 | 8.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 21 | 18 | 10.0% |
| 45–54 | 20 | 15 | 11.8% |
| 55–64 | 30 | 24 | 17.2% |
Where Norwood Co-operative Bank lends
2 states and 9 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 165 | 146 | 6.1% | — | #186 |
Frequently asked questions
Norwood Co-operative Bank denied 6.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 65th percentile of small mortgage lenders.
In 2025, 54% of its applications were for home purchases, 32% for refinancing (including cash-out), and 14% 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.