Salem Co-Operative Bank
Salem Co-Operative Bank received 124 applications in 2025 and made 71 mortgages, in 11 counties across 2 states. The median rate its borrowers got was Not published on a median loan of $365,000. Of 103 decisions, 27 were denials — 26.2%, most often for debt-to-income ratio.
| Legal Entity Identifier | 549300O2WI1UYPLRU579 |
|---|---|
| Applications received | 124 |
| Mortgages made | 71 |
| Denied | 27 |
| Approved, not taken up | 5 |
| Withdrawn or incomplete | 21 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | Not published |
| FDIC-insured bank | Yes: Salem Co-operative Bank, 2 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 39 | Not published | $485,000 | 18.0% |
| Refinancing | 12 | Not published | $345,000 | 40.9% |
| Other purposes | 20 | Not published | $40,000 | 29.0% |
Where Salem Co-Operative Bank lends most
The 11 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Rockingham County, NH | 38 | Not published | 27.8% |
| Essex County, MA | 9 | Under 10 loans | 28.6% |
| Hillsborough County, NH | 9 | Under 10 loans | 15.4% |
| Middlesex County, MA | 4 | Under 10 loans | 16.7% |
| Suffolk County, MA | 3 | Under 10 loans | 0.0% |
| Merrimack County, NH | 3 | Under 10 loans | 25.0% |
| Belknap County, NH | 2 | Under 10 loans | 0.0% |
| Carroll County, NH | 2 | Under 10 loans | 33.3% |
| Strafford County, NH | 1 | Under 10 loans | 66.7% |
| Coos County, NH | 0 | Under 10 loans | 100.0% |
| Sullivan County, NH | 0 | Under 10 loans | Not published |
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.