Savers 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%
70th5.5% deniedProcesswithdrawn + incomplete share, weight 15%
69th7.6%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 100 | 89 | 7.0% | 7.1% | — | $25M |
| 2024 | 117 | 100 | 7.7% | 8.1% | — | $45M |
| 2025 | 118 | 100 | 5.1% | 5.5% | — | $37M |
What Savers 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, 21 investment properties.
Why Savers Co-operative Bank denies applications
Primary reason reported for each of the 6 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Savers 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 | 26 | 21 | 11.5% |
| $100k – $150k | 34 | 32 | 3.0% |
| $150k – $250k | 21 | 20 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 45–54 | 22 | 20 | 4.8% |
| 55–64 | 30 | 25 | 10.3% |
Where Savers Co-operative Bank lends
4 states and 11 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 105 | 87 | 5.7% | — | #245 |
| Connecticut | 11 | 11 | 0.0% | — | #369 |
Frequently asked questions
Savers Co-operative Bank denied 5.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 70th percentile of small mortgage lenders.
The most common reason Savers Co-operative Bank gave in 2025 was "other", cited on 33.3% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
In 2025, 48% of its applications were for home purchases, 24% for refinancing (including cash-out), and 28% 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.