Reading 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 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%
36th13.2% deniedProcesswithdrawn + incomplete share, weight 15%
27th17.4%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 275 | 200 | 8.0% | 9.8% | — | $119M |
| 2024 | 126 | 76 | 8.7% | 12.1% | — | $64M |
| 2025 | 184 | 127 | 10.9% | 13.2% | — | $98M |
What Reading 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, 0 manufactured homes, 47 investment properties.
Who gets approved at Reading Co-Operative Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 22 | 16 | 0.0% |
| $100k – $150k | 28 | 18 | 18.2% |
| $150k – $250k | 51 | 36 | 12.2% |
| Over $250k | 36 | 28 | 6.7% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 28 | 21 | 0.0% |
| 35–44 | 42 | 30 | 11.8% |
| 45–54 | 31 | 19 | 20.8% |
| 55–64 | 27 | 23 | 4.2% |
Where Reading Co-Operative Bank lends
2 states and 12 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 175 | 119 | 11.4% | — | #179 |
| New Hampshire | 9 | 8 | 0.0% | — | #264 |
Frequently asked questions
Reading Co-Operative Bank denied 13.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 36th percentile of small mortgage lenders.
In 2025, 49% of its applications were for home purchases, 32% for refinancing (including cash-out), and 18% 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.