Mortgage lender · Pittsfield, MA · LEI 549300UN8J4H5P8XWP62

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

The Pittsfield Co-operative Bank earns a C, in line with the typical performance of small mortgage lenders. It turned down 11.1% of the applications it decided on in 2025, which ranks in the 44th percentile for approval odds. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

216Applications2025
75.0%Originatedof applications
11.1%Decision denial ratenational 22.6%
Median ratenational 6.63%
$50MLoan volume3 states

The Pittsfield Co-operative Bank at a glance, 2025

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

9.7%Denial rate (all applications)-8.26 pts vs national
11.1%Denial rate (decided applications)-11.48 pts vs national
75.0%Origination rate+16.97 pts vs national
12.0%Withdrawn by applicant
0.5%Closed for incompleteness
Median interest rate
Median rate spread (pts over APOR)
$235,000Median loan amount
Median total loan costs
$123kMedian applicant income
Median loan-to-value
2High-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%

44th11.1% denied

Processwithdrawn + incomplete share, weight 15%

45th12.5%

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231399915.8%17.3%$19M
20241077612.2%13.8%$14M
20252161629.7%11.1%$50M

What The Pittsfield 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 142 66% · 2.8% denied
Refinance 36 17% · 19.4% denied
Cash-out refinance 1 0% · 0.0% denied
Home improvement 15 7% · 26.7% denied
Other / HELOC 22 10% · 27.3% denied

By loan type

Conventional 216 100% · 9.7% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 24 investment properties.

Who gets approved at The Pittsfield Co-operative Bank

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

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k665013.6%
$100k – $150k402812.1%
$150k – $250k403013.5%
Over $250k44350.0%
Applicant ageApplicationsOriginatedDecision denial rate
25–34322710.0%
35–44423412.5%
45–54362317.9%
55–6447327.7%
65–74392715.2%

Where The Pittsfield Co-operative Bank lends

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

StateApplicationsOriginatedDenial rateMedian rateRank in state
Massachusetts2051549.3%#157
Connecticut6516.7%#418
New York5320.0%#516

Frequently asked questions

The Pittsfield Co-operative Bank denied 11.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 44th percentile of small mortgage lenders.

In 2025, 66% of its applications were for home purchases, 17% for refinancing (including cash-out), and 17% 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 The Pittsfield Co-operative Bank. Data sources · Methodology