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Cape Cod Five Cents Savings Bank

HYANNIS, MA

Cape Cod Five Cents Savings Bank processed 2,836 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,014 loans with a 10.2% denial rate. Home Purchase was the primary loan purpose. Based in HYANNIS, MA. The approval rate of 71.0% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Cape Cod Five Cents Savings Bank's 71.0% origination rate tells you how often an application turned into funded money; the 10.2% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,813 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

2,836
Applications
2,014
Originated
10.2%
Denial Rate
$367,620
Avg Loan Amount
Avg Interest Rate: 7.782% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,813 2,000 284 $366,372
FHA 23 14 5 $520,217

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Cape Cod Five Cents Savings Bank (LEI: 5493007XQ02VMXYJYJ21) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
173
Credit history
67
Other
55
Collateral
28
Employment history
9
Unverifiable information
5
Insufficient cash
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,167 903 $555,206
Home Improvement 811 532 $178,465
Cash-out Refinancing 476 339 $323,319
Other 280 173 $170,607
Refinancing 102 67 $472,941

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 2,247 71.5% 10.4%
Black or African American 56 57.1% 12.5%
Joint 54 66.7% 9.3%
Asian * 37 67.6% 10.8%
American Indian or Alaska Native * 15 53.3% 13.3%
2 or more minority races * 5 40.0% 40.0%
Native Hawaiian or Other Pacific Islander * 2 50.0% 50.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 2,186 71.4% 10.1%
Hispanic or Latino 160 63.8% 16.9%
Joint 73 64.4% 11.0%

Nearby Lenders in MA

Other HMDA-reporting lenders in MA with similar activity. Compare any two side-by-side.

Digital Federal Credit Union

Marlborough, MA

11,503 apps 4,232 originated 23.0% denied

Leader Bank NA

Arlington, MA

6,683 apps 5,398 originated 2.6% denied

Rockland Trust Bank

BROCKTON, MA

5,681 apps 2,932 originated 30.2% denied

Eastern Bank

Lynn, MA

5,146 apps 3,130 originated 29.4% denied

Salem Five Cents Savings Bank

SALEM, MA

2,111 apps 834 originated 11.2% denied
Compare Cape Cod Five Cents Savings Bank vs Digital Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Cape Cod Five Cents Savings Bank process?
Cape Cod Five Cents Savings Bank processed 2,836 mortgage applications in the 2024 HMDA reporting year. Of these, 2,014 were originated (approved and funded), 388 were withdrawn by the applicant, and 289 were denied.
What is Cape Cod Five Cents Savings Bank's mortgage approval rate?
Cape Cod Five Cents Savings Bank has an approval (origination) rate of 71.0%, meaning 71.0% of all applications resulted in a funded mortgage. The denial rate is 10.2%.
What is the average loan amount at Cape Cod Five Cents Savings Bank?
The average mortgage loan amount at Cape Cod Five Cents Savings Bank is $367,620. The average interest rate is 7.782%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at Cape Cod Five Cents Savings Bank?
The most common reasons for mortgage denial at Cape Cod Five Cents Savings Bank are: Debt-to-income ratio, Credit history, Other. In total, 289 applications were denied out of 2,836 total applications.
What types of mortgage loans does Cape Cod Five Cents Savings Bank offer?
Cape Cod Five Cents Savings Bank processes Conventional, FHA loans. The most common type is Conventional with 2,813 applications and an average loan amount of $366,372.
What loan purposes does Cape Cod Five Cents Savings Bank serve?
Cape Cod Five Cents Savings Bank serves the following loan purposes: Home Purchase (1,167 applications), Home Improvement (811 applications), Cash-out Refinancing (476 applications), Other (280 applications), Refinancing (102 applications). Home Purchase is the most common purpose.
Where is Cape Cod Five Cents Savings Bank located?
Cape Cod Five Cents Savings Bank is headquartered in HYANNIS, MA. The lender is identified by LEI 5493007XQ02VMXYJYJ21 in HMDA data.
How does Cape Cod Five Cents Savings Bank compare in lending across racial demographics?
Cape Cod Five Cents Savings Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 71.5% and denial rate of 10.4%; Black or African American applicants have an approval rate of 57.1% and denial rate of 12.5%; Joint applicants have an approval rate of 66.7% and denial rate of 9.3%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.