First Federal S&L of Lakewood Mortgage Lending & HMDA Data, 2016
In 2016, First Federal S&L of Lakewood of Lakewood, OH reported 5,411 mortgage applications totaling $1.1 billion, down 5% from 2015. The average application was for $200,793, and applicants reported an average income of $128,687. 81% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cleveland-Elyria, OH (2,817), Columbus, OH (927) and Akron, OH (668) (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 | 5,411 |
| Total Mortgage Loan Application Amount | $1,086,494,000 |
| Average Mortgage Loan Application Amount | $200,793 |
| Highest Mortgage Loan Application Amount | $3,750,000 |
| Average Applicant Income | $128,687 |
| Highest Applicant Income | $3,236,000 |
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records First Federal S&L of Lakewood filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cleveland-Elyria, OH | 2,817 | $ 509,951,000 | $ 181,026 | $ 117,000 |
| Columbus, OH | 927 | $ 268,493,000 | $ 289,636 | $ 186,000 |
| Akron, OH | 668 | $ 125,836,000 | $ 188,377 | $ 118,000 |
| Toledo, OH | 383 | $ 73,126,000 | $ 190,929 | $ 106,000 |
| Canton-Massillon, OH | 107 | $ 14,065,000 | $ 131,448 | $ 78,000 |
| Youngstown-Warren-Boardman, OH-PA | 76 | $ 9,519,000 | $ 125,250 | $ 81,328 |
| Monroe, MI | 48 | $ 11,774,000 | $ 245,291 | $ 144,000 |
| Cincinnati, OH-KY-IN | 13 | $ 3,309,000 | $ 254,538 | $ 298,000 |
| Mansfield, OH | 4 | $ 1,194,000 | $ 298,500 | $ 200,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 684,000 | $ 171,000 | $ 136,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 555,000 | $ 138,750 | $ 80,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 698,000 | $ 232,666 | $ 227,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 919,000 | $ 306,333 | $ 115,000 |
| Chicago-Naperville-Arlington Heights, IL | 3 | $ 602,000 | $ 200,666 | $ 124,000 |
| Houston-The Woodlands-Sugar Land, TX | 3 | $ 854,000 | $ 284,666 | $ 118,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 510,000 | $ 170,000 | $ 202,000 |
| Ann Arbor, MI | 2 | $ 488,000 | $ 244,000 | $ 148,000 |
| Dayton, OH | 2 | $ 174,000 | $ 87,000 | $ 132,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 680,000 | $ 340,000 | $ 206,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 1,173,000 | $ 586,500 | $ 525,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 480,000 | $ 240,000 | $ 50,000 |
| Reading, PA | 2 | $ 340,000 | $ 170,000 | $ 145,000 |
| Weirton-Steubenville, WV-OH | 2 | $ 158,000 | $ 79,000 | $ 71,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 842,000 | $ 421,000 | $ 750,000 |
| Atlanta-Sandy Springs-Roswell, GA | 1 | $ 380,000 | $ 380,000 | $ 111,000 |
| Austin-Round Rock, TX | 1 | $ 190,000 | $ 190,000 | $ 115,000 |
| Bloomington, IN | 1 | $ 181,000 | $ 181,000 | $ 69,000 |
| Charleston-North Charleston, SC | 1 | $ 417,000 | $ 417,000 | $ 216,000 |
| Dallas-Plano-Irving, TX | 1 | $ 361,000 | $ 361,000 | $ 114,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 417,000 | $ 417,000 | $ 220,000 |
| Fort Worth-Arlington, TX | 1 | $ 255,000 | $ 255,000 | $ 98,000 |
| Gary, IN | 1 | $ 164,000 | $ 164,000 | $ 63,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 359,000 | $ 359,000 | $ 119,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 95,000 | $ 95,000 | $ 144,000 |
| Jackson, MI | 1 | $ 293,000 | $ 293,000 | $ 78,000 |
| Lafayette-West Lafayette, IN | 1 | $ 165,000 | $ 165,000 | $ 45,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 473,000 | $ 473,000 | $ 442,000 |
| Lakeland-Winter Haven, FL | 1 | $ 238,000 | $ 238,000 | $ 200,000 |
| Lima, OH | 1 | $ 42,000 | $ 42,000 | $ 46,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 245,000 | $ 245,000 | $ 134,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 375,000 | $ 375,000 | $ 236,000 |
| Niles-Benton Harbor, MI | 1 | $ 417,000 | $ 417,000 | $ 189,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 203,000 | $ 203,000 | $ 81,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 549,000 | $ 549,000 | $ 817,000 |
| Prescott, AZ | 1 | $ 232,000 | $ 232,000 | $ 214,000 |
| Punta Gorda, FL | 1 | $ 125,000 | $ 125,000 | $ 227,000 |
| Raleigh, NC | 1 | $ 276,000 | $ 276,000 | $ 70,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 120,000 | $ 120,000 | $ 64,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 508,000 | $ 508,000 | $ 116,000 |
| Wheeling, WV-OH | 1 | $ 80,000 | $ 80,000 | $ 273,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Lakewood in 2016
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 | 3,999 | $806,101,000 | $201,000 | $3,750,000 | $123,000 | $3,236,000 |
| Refinancing | 1,410 | $280,003,000 | $198,000 | $2,588,000 | $145,000 | $1,849,000 |
| Home Improvement | 2 | $390,000 | $195,000 | $275,000 | $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 | 4,233 | $811,559,000 | $191,000 | $1,839,000 | $121,000 | $1,700,000 |
| Not Provided | 825 | $202,576,000 | $245,000 | $2,588,000 | $175,000 | $3,236,000 |
| Asian | 125 | $28,013,000 | $224,000 | $826,000 | $141,000 | $1,145,000 |
| Hispanic | 98 | $14,013,000 | $142,000 | $410,000 | $88,000 | $644,000 |
| Black or African American | 89 | $15,035,000 | $168,000 | $617,000 | $99,000 | $700,000 |
| Not applicable | 24 | $11,812,000 | $492,000 | $3,750,000 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 11 | $2,305,000 | $209,000 | $417,000 | $155,000 | $503,000 |
| American Indian or Alaskan Native | 6 | $1,181,000 | $196,000 | $417,000 | $238,000 | $514,000 |
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) | 4,766 | $998,681,000 | $209,000 | $3,750,000 | $137,000 | $3,236,000 |
| FHA-insured (Federal Housing Administration) | 504 | $63,863,000 | $126,000 | $322,000 | $59,000 | $208,000 |
| VA-guaranteed (Veterans Administration) | 107 | $20,000,000 | $186,000 | $539,000 | $80,000 | $227,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 34 | $3,950,000 | $116,000 | $237,000 | $52,000 | $105,000 |
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 | 4,363 | $865,591,000 | $198,000 | $3,750,000 | $128,000 | $3,236,000 |
| Application Withdrawn By Applicant | 400 | $77,647,000 | $194,000 | $2,588,000 | $120,000 | $1,700,000 |
| Application Denied By Financial Institution | 239 | $42,571,000 | $178,000 | $1,800,000 | $105,000 | $1,191,000 |
| Application Approved But Not Accepted | 220 | $45,722,000 | $207,000 | $1,000,000 | $144,000 | $1,168,000 |
| File Closed For Incompleteness | 189 | $54,963,000 | $290,000 | $1,839,000 | $176,000 | $840,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 74 | $13,161,000 | $177,000 | $1,340,000 | $126,000 | $1,191,000 |
| Debt-To-Income Ratio | 64 | $11,859,000 | $185,000 | $517,000 | $99,000 | $494,000 |
| Credit History | 48 | $8,881,000 | $185,000 | $1,800,000 | $104,000 | $515,000 |
| Other | 21 | $3,279,000 | $156,000 | $790,000 | $70,000 | $226,000 |
| Credit Application Incomplete | 13 | $2,259,000 | $173,000 | $490,000 | $111,000 | $285,000 |
| Employment History | 11 | $2,002,000 | $182,000 | $995,000 | $75,000 | $187,000 |
| Unverifiable Information | 5 | $864,000 | $172,000 | $258,000 | $102,000 | $214,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $266,000 | $88,000 | $101,000 | $32,000 | $51,000 |
| 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 2016 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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with aggregated HMDA statistics today.
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