First Federal S&L of Lakewood Mortgage Lending & HMDA Data, 2023

In 2023, First Federal S&L of Lakewood of Lakewood, OH reported 2,292 mortgage applications totaling $648.7 million, down 33% from 2022. The average application was for $283,014, and applicants reported an average income of $185,166. 67% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Cleveland-Elyria, OH (1,286), Cincinnati, OH-KY-IN (185) and Columbus, OH (162) (applications in parentheses).

Mortgage Company & Address First Federal S&L of Lakewood
14806 Detroit Ave
Lakewood, OH 44107
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 2,292
Total Mortgage Loan Application Amount $648,670,000
Average Mortgage Loan Application Amount $283,014
Highest Mortgage Loan Application Amount $10,375,000
Average Applicant Income $185,166
Highest Applicant Income $1,503,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal S&L of Lakewood filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for First Federal S&L of Lakewood by County in 2023

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cuyahoga, Ohio 848 $ 200,870,000 $ 236,875 $ 188,000
Lorain, Ohio 178 $ 38,350,000 $ 215,449 $ 148,000
Summit, Ohio 133 $ 34,255,000 $ 257,556 $ 155,000
Lake, Ohio 125 $ 27,545,000 $ 220,360 $ 128,000
Hamilton, Ohio 98 $ 29,230,000 $ 298,265 $ 196,000
Medina, Ohio 92 $ 23,560,000 $ 256,086 $ 194,000
Franklin, Ohio 71 $ 24,885,000 $ 350,492 $ 193,000
Lucas, Ohio 65 $ 18,875,000 $ 290,384 $ 162,000
Delaware, Ohio 43 $ 21,385,000 $ 497,325 $ 242,000
Geauga, Ohio 43 $ 14,335,000 $ 333,372 $ 242,000
Butler, Ohio 31 $ 6,385,000 $ 205,967 $ 251,000
Portage, Ohio 25 $ 8,035,000 $ 321,400 $ 163,000
Baltimore City, Maryland 23 $ 3,455,000 $ 150,217 $ 0
Wood, Ohio 23 $ 7,505,000 $ 326,304 $ 154,000
Wayne, Michigan 21 $ 3,155,000 $ 150,238 $ 245,000
Licking, Ohio 19 $ 6,915,000 $ 363,947 $ 178,000
Clermont, Ohio 18 $ 7,920,000 $ 440,000 $ 55,000
Tuscarawas, Ohio 18 $ 2,270,000 $ 126,111 $ 77,000
Montgomery, Ohio 16 $ 5,040,000 $ 315,000 $ 223,000
Cook, Illinois 14 $ 7,900,000 $ 564,285 $ 263,000
Stark, Ohio 14 $ 4,200,000 $ 300,000 $ 169,000
Warren, Ohio 14 $ 5,110,000 $ 365,000 $ 315,000
Fairfield, Ohio 13 $ 5,205,000 $ 400,384 $ 158,000
Kenton, Kentucky 11 $ 2,305,000 $ 209,545 $ 531,000
Campbell, Kentucky 10 $ 2,860,000 $ 286,000 $ 63,000
Monroe, Michigan 10 $ 2,050,000 $ 205,000 $ 124,000
Erie, Ohio 10 $ 1,880,000 $ 188,000 $ 118,000
Wayne, Ohio 10 $ 2,470,000 $ 247,000 $ 102,000
Allegheny, Pennsylvania 9 $ 2,735,000 $ 303,888 $ 270,000
Lee, Florida 8 $ 3,340,000 $ 417,500 $ 282,000
Macomb, Michigan 8 $ 660,000 $ 82,500 $ 183,000
Washtenaw, Michigan 8 $ 3,630,000 $ 453,750 $ 218,000
Huron, Ohio 8 $ 1,660,000 $ 207,500 $ 87,000
Marion, Indiana 7 $ 1,695,000 $ 242,142 $ 260,000
Ashtabula, Ohio 7 $ 715,000 $ 102,142 $ 71,000
Ottawa, Ohio 7 $ 3,435,000 $ 490,714 $ 289,000
Marion, Florida 6 $ 1,260,000 $ 210,000 $ 0
Oakland, Michigan 5 $ 2,435,000 $ 487,000 $ 295,000
Wake, North Carolina 5 $ 3,805,000 $ 761,000 $ 317,000
Ashland, Ohio 5 $ 1,185,000 $ 237,000 $ 103,000
Sandusky, Ohio 5 $ 2,025,000 $ 405,000 $ 147,000
Sarasota, Florida 4 $ 1,060,000 $ 265,000 $ 0
Boone, Indiana 4 $ 2,740,000 $ 685,000 $ 367,000
Hamilton, Indiana 4 $ 3,160,000 $ 790,000 $ 299,000
Jefferson, Kentucky 4 $ 2,020,000 $ 505,000 $ 336,000
Henry, Ohio 4 $ 1,460,000 $ 365,000 $ 141,000
Knox, Ohio 4 $ 2,300,000 $ 575,000 $ 259,000
Perry, Ohio 4 $ 2,980,000 $ 745,000 $ 237,000
Pickaway, Ohio 4 $ 5,730,000 $ 1,432,500 $ 126,000
Trumbull, Ohio 4 $ 1,080,000 $ 270,000 $ 160,000
Shelby, Tennessee 4 $ 370,000 $ 92,500 $ 0
Flagler, Florida 3 $ 715,000 $ 238,333 $ 0
Hillsborough, Florida 3 $ 1,635,000 $ 545,000 $ 212,000
Pinellas, Florida 3 $ 925,000 $ 308,333 $ 0
DuPage, Illinois 3 $ 2,145,000 $ 715,000 $ 331,000
Delaware, Indiana 3 $ 255,000 $ 85,000 $ 0
Henry, Indiana 3 $ 925,000 $ 308,333 $ 316,000
Boone, Kentucky 3 $ 1,595,000 $ 531,666 $ 0
Fulton, Ohio 3 $ 1,105,000 $ 368,333 $ 201,000
Morrow, Ohio 3 $ 875,000 $ 291,666 $ 116,000
Union, Ohio 3 $ 1,335,000 $ 445,000 $ 356,000
Knox, Tennessee 3 $ 1,915,000 $ 638,333 $ 437,000
Madison, Alabama 2 $ 360,000 $ 180,000 $ 0
Alachua, Florida 2 $ 690,000 $ 345,000 $ 205,000
Brevard, Florida 2 $ 650,000 $ 325,000 $ 142,000
Broward, Florida 2 $ 1,380,000 $ 690,000 $ 349,000
Charlotte, Florida 2 $ 550,000 $ 275,000 $ 0
St. Johns, Florida 2 $ 1,850,000 $ 925,000 $ 383,000
Lake, Illinois 2 $ 2,150,000 $ 1,075,000 $ 436,000
Peoria, Illinois 2 $ 660,000 $ 330,000 $ 362,000
Allen, Indiana 2 $ 1,420,000 $ 710,000 $ 393,000
Hendricks, Indiana 2 $ 410,000 $ 205,000 $ 265,000
Vanderburgh, Indiana 2 $ 200,000 $ 100,000 $ 0
Warrick, Indiana 2 $ 580,000 $ 290,000 $ 68,000
Nicholas, Kentucky 2 $ 220,000 $ 110,000 $ 0
Baltimore, Maryland 2 $ 970,000 $ 485,000 $ 245,000
Hillsdale, Michigan 2 $ 740,000 $ 370,000 $ 238,000
Ottawa, Michigan 2 $ 11,840,000 $ 5,920,000 $ 406,000
Jackson, Mississippi 2 $ 140,000 $ 70,000 $ 0
Stanly, North Carolina 2 $ 450,000 $ 225,000 $ 0
Crawford, Ohio 2 $ 490,000 $ 245,000 $ 133,000
Hancock, Ohio 2 $ 480,000 $ 240,000 $ 109,000
Mahoning, Ohio 2 $ 480,000 $ 240,000 $ 120,000
Richland, Ohio 2 $ 620,000 $ 310,000 $ 100,000
York, Pennsylvania 2 $ 800,000 $ 400,000 $ 301,000
Horry, South Carolina 2 $ 620,000 $ 310,000 $ 305,000
Davidson, Tennessee 2 $ 390,000 $ 195,000 $ 98,000
Albemarle, Virginia 2 $ 470,000 $ 235,000 $ 62,000
Henrico, Virginia 2 $ 650,000 $ 325,000 $ 134,000
Jefferson, Alabama 1 $ 105,000 $ 105,000 $ 0
Limestone, Alabama 1 $ 165,000 $ 165,000 $ 0
Shelby, Alabama 1 $ 155,000 $ 155,000 $ 0
Pulaski, Arkansas 1 $ 115,000 $ 115,000 $ 0
Bay, Florida 1 $ 335,000 $ 335,000 $ 0
Clay, Florida 1 $ 315,000 $ 315,000 $ 68,000
Collier, Florida 1 $ 865,000 $ 865,000 $ 1,136,000
Highlands, Florida 1 $ 345,000 $ 345,000 $ 0
Lake, Florida 1 $ 695,000 $ 695,000 $ 364,000
Manatee, Florida 1 $ 355,000 $ 355,000 $ 267,000
Orange, Florida 1 $ 835,000 $ 835,000 $ 235,000
Pasco, Florida 1 $ 195,000 $ 195,000 $ 0
Seminole, Florida 1 $ 1,105,000 $ 1,105,000 $ 494,000
Adams, Illinois 1 $ 395,000 $ 395,000 $ 360,000
Kane, Illinois 1 $ 1,145,000 $ 1,145,000 $ 0
Madison, Illinois 1 $ 715,000 $ 715,000 $ 0
Sangamon, Illinois 1 $ 965,000 $ 965,000 $ 310,000
Tazewell, Illinois 1 $ 305,000 $ 305,000 $ 144,000
Will, Illinois 1 $ 405,000 $ 405,000 $ 308,000
Floyd, Indiana 1 $ 205,000 $ 205,000 $ 0
Johnson, Indiana 1 $ 745,000 $ 745,000 $ 389,000
Lake, Indiana 1 $ 55,000 $ 55,000 $ 0
Shelby, Indiana 1 $ 115,000 $ 115,000 $ 146,000
Steuben, Indiana 1 $ 675,000 $ 675,000 $ 252,000
Dickinson, Iowa 1 $ 415,000 $ 415,000 $ 420,000
Scott, Iowa 1 $ 75,000 $ 75,000 $ 111,000
Story, Iowa 1 $ 535,000 $ 535,000 $ 300,000
Shawnee, Kansas 1 $ 55,000 $ 55,000 $ 0
Bourbon, Kentucky 1 $ 145,000 $ 145,000 $ 0
Breathitt, Kentucky 1 $ 65,000 $ 65,000 $ 0
Lawrence, Kentucky 1 $ 425,000 $ 425,000 $ 525,000
Mason, Kentucky 1 $ 205,000 $ 205,000 $ 0
Oldham, Kentucky 1 $ 745,000 $ 745,000 $ 480,000
Perry, Kentucky 1 $ 455,000 $ 455,000 $ 420,000
Warren, Kentucky 1 $ 595,000 $ 595,000 $ 250,000
Wolfe, Kentucky 1 $ 75,000 $ 75,000 $ 0
Anne Arundel, Maryland 1 $ 655,000 $ 655,000 $ 0
Howard, Maryland 1 $ 865,000 $ 865,000 $ 478,000
Montgomery, Maryland 1 $ 735,000 $ 735,000 $ 420,000
Genesee, Michigan 1 $ 615,000 $ 615,000 $ 202,000
Ingham, Michigan 1 $ 85,000 $ 85,000 $ 0
Lenawee, Michigan 1 $ 545,000 $ 545,000 $ 212,000
Lamar, Mississippi 1 $ 725,000 $ 725,000 $ 0
Chatham, North Carolina 1 $ 965,000 $ 965,000 $ 425,000
Cumberland, North Carolina 1 $ 215,000 $ 215,000 $ 92,000
Lenoir, North Carolina 1 $ 115,000 $ 115,000 $ 44,000
Mecklenburg, North Carolina 1 $ 425,000 $ 425,000 $ 195,000
New Hanover, North Carolina 1 $ 755,000 $ 755,000 $ 0
Clinton, Ohio 1 $ 285,000 $ 285,000 $ 0
Greene, Ohio 1 $ 305,000 $ 305,000 $ 0
Hocking, Ohio 1 $ 1,175,000 $ 1,175,000 $ 0
Logan, Ohio 1 $ 55,000 $ 55,000 $ 190,000
Madison, Ohio 1 $ 75,000 $ 75,000 $ 35,000
Miami, Ohio 1 $ 355,000 $ 355,000 $ 0
Noble, Ohio 1 $ 785,000 $ 785,000 $ 542,000
Putnam, Ohio 1 $ 105,000 $ 105,000 $ 197,000
Seneca, Ohio 1 $ 405,000 $ 405,000 $ 117,000
Washington, Ohio 1 $ 225,000 $ 225,000 $ 0
Canadian, Oklahoma 1 $ 155,000 $ 155,000 $ 0
Bradford, Pennsylvania 1 $ 335,000 $ 335,000 $ 0
Chester, Pennsylvania 1 $ 405,000 $ 405,000 $ 139,000
Delaware, Pennsylvania 1 $ 1,305,000 $ 1,305,000 $ 482,000
Lancaster, Pennsylvania 1 $ 255,000 $ 255,000 $ 70,000
Lehigh, Pennsylvania 1 $ 625,000 $ 625,000 $ 270,000
Mercer, Pennsylvania 1 $ 215,000 $ 215,000 $ 315,000
Montgomery, Pennsylvania 1 $ 595,000 $ 595,000 $ 250,000
Montour, Pennsylvania 1 $ 295,000 $ 295,000 $ 181,000
Northumberland, Pennsylvania 1 $ 255,000 $ 255,000 $ 69,000
Charleston, South Carolina 1 $ 995,000 $ 995,000 $ 527,000
Greenville, South Carolina 1 $ 275,000 $ 275,000 $ 103,000
Greenwood, South Carolina 1 $ 575,000 $ 575,000 $ 464,000
Orangeburg, South Carolina 1 $ 195,000 $ 195,000 $ 122,000
York, South Carolina 1 $ 535,000 $ 535,000 $ 137,000
Dickson, Tennessee 1 $ 405,000 $ 405,000 $ 180,000
Hamilton, Tennessee 1 $ 535,000 $ 535,000 $ 330,000
Morgan, Utah 1 $ 505,000 $ 505,000 $ 0
Loudoun, Virginia 1 $ 525,000 $ 525,000 $ 121,000
Spokane, Washington 1 $ 345,000 $ 345,000 $ 0
Mason, West Virginia 1 $ 125,000 $ 125,000 $ 382,000
Brown, Wisconsin 1 $ 165,000 $ 165,000 $ 0
Ozaukee, Wisconsin 1 $ 365,000 $ 365,000 $ 129,000

Mortgage Loan Application Detail Totals for First Federal S&L of Lakewood in 2023

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 1,570 $538,920,000 $343,000 $4,615,000 $192,000 $1,503,000
Other Purpose 334 $36,220,000 $108,000 $935,000 $176,000 $1,247,000
Home Improvement 185 $18,875,000 $102,000 $605,000 $162,000 $670,000
Cash-out Refinancing 150 $30,430,000 $202,000 $2,505,000 $180,000 $1,247,000
Refinancing 53 $24,225,000 $457,000 $10,375,000 $136,000 $372,000
Not Applicable 0 $0 $0 $0 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 1,370 $373,450,000 $272,000 $1,615,000 $173,000 $1,503,000
Not Provided 380 $95,870,000 $252,000 $1,495,000 $211,000 $1,247,000
Not applicable 320 $112,550,000 $351,000 $10,375,000 $0 $0
Black or African American 73 $14,835,000 $203,000 $1,195,000 $127,000 $315,000
Asian 69 $23,875,000 $346,000 $1,205,000 $303,000 $1,247,000
Hispanic 48 $14,800,000 $308,000 $1,565,000 $169,000 $1,046,000
American Indian or Alaskan Native 6 $1,250,000 $208,000 $505,000 $196,000 $486,000
Native Hawaiian or Other Pacific Islander 1 $275,000 $275,000 $275,000 $86,000 $86,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,237 $634,455,000 $283,000 $10,375,000 $187,000 $1,503,000
FHA-insured (Federal Housing Administration) 42 $10,380,000 $247,000 $425,000 $103,000 $215,000
VA-guaranteed (Veterans Administration) 12 $3,700,000 $308,000 $675,000 $113,000 $252,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $135,000 $135,000 $135,000 $58,000 $58,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 1,538 $477,990,000 $310,000 $10,375,000 $195,000 $1,503,000
Application Withdrawn By Applicant 279 $74,295,000 $266,000 $1,645,000 $173,000 $994,000
Loan Purchased By The Institution 273 $67,765,000 $248,000 $1,145,000 $0 $0
Application Denied By Financial Institution 136 $16,040,000 $117,000 $1,195,000 $96,000 $539,000
File Closed For Incompleteness 37 $8,115,000 $219,000 $845,000 $189,000 $667,000
Application Approved But Not Accepted 29 $4,465,000 $153,000 $1,025,000 $175,000 $679,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 2,156 $632,630,000 $293,000 $10,375,000 $191,000 $1,503,000
Credit History 50 $4,290,000 $85,000 $355,000 $98,000 $539,000
Debt-To-Income Ratio 44 $5,410,000 $122,000 $505,000 $90,000 $224,000
Other 17 $3,055,000 $179,000 $1,195,000 $104,000 $270,000
Unverifiable Information 11 $1,795,000 $163,000 $855,000 $88,000 $175,000
Collateral 10 $880,000 $88,000 $175,000 $96,000 $266,000
Credit Application Incomplete 2 $250,000 $125,000 $155,000 $199,000 $248,000
Employment History 1 $205,000 $205,000 $205,000 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 1 $155,000 $155,000 $155,000 $40,000 $40,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal S&L of Lakewood's 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess First Federal S&L of Lakewood's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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