First Federal S&L of Lakewood Mortgage Lending & HMDA Data, 2020
In 2020, First Federal S&L of Lakewood of Lakewood, OH reported 6,027 mortgage applications totaling $1.4 billion, up 38% from 2019. The average application was for $240,395, and applicants reported an average income of $137,903. 73% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Cleveland-Elyria, OH (3,577), Columbus, OH (622) and Akron, OH (463) (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 | 6,027 |
| Total Mortgage Loan Application Amount | $1,448,865,000 |
| Average Mortgage Loan Application Amount | $240,395 |
| Highest Mortgage Loan Application Amount | $4,005,000 |
| Average Applicant Income | $137,903 |
| Highest Applicant Income | $1,844,000 |
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records First Federal S&L of Lakewood filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 3,577 | $ 780,205,000 | $ 218,117 | $ 132,000 |
| Columbus, OH | 622 | $ 202,570,000 | $ 325,675 | $ 164,000 |
| Akron, OH | 463 | $ 105,225,000 | $ 227,267 | $ 135,000 |
| Toledo, OH | 380 | $ 97,300,000 | $ 256,052 | $ 147,000 |
| Cincinnati, OH-KY-IN | 339 | $ 85,235,000 | $ 251,430 | $ 128,463 |
| Outside any metro area | 240 | $ 63,740,000 | $ 265,583 | $ 131,733 |
| Monroe, MI | 54 | $ 14,600,000 | $ 270,370 | $ 130,000 |
| Canton-Massillon, OH | 49 | $ 10,775,000 | $ 219,897 | $ 133,000 |
| Indianapolis-Carmel-Anderson, IN | 38 | $ 6,730,000 | $ 177,105 | $ 174,000 |
| Detroit-Dearborn-Livonia, MI | 29 | $ 9,215,000 | $ 317,758 | $ 123,000 |
| Youngstown-Warren-Boardman, OH-PA | 26 | $ 5,190,000 | $ 199,615 | $ 112,461 |
| Warren-Troy-Farmington Hills, MI | 25 | $ 4,765,000 | $ 190,600 | $ 100,000 |
| Dayton-Springfield-Kettering, OH | 22 | $ 4,880,000 | $ 221,818 | $ 164,000 |
| Cape Coral-Fort Myers, FL | 15 | $ 4,705,000 | $ 313,666 | $ 327,000 |
| Tampa-St. Petersburg-Clearwater, FL | 10 | $ 3,550,000 | $ 355,000 | $ 186,000 |
| Ann Arbor, MI | 9 | $ 4,005,000 | $ 445,000 | $ 145,000 |
| Orlando-Kissimmee-Sanford, FL | 7 | $ 3,705,000 | $ 529,285 | $ 198,000 |
| Pittsburgh, PA | 7 | $ 2,715,000 | $ 387,857 | $ 188,000 |
| Chicago-Naperville, IL | 6 | $ 1,970,000 | $ 328,333 | $ 240,000 |
| Lexington-Fayette, KY | 6 | $ 1,560,000 | $ 260,000 | $ 152,000 |
| Louisville/Jefferson County, KY-IN | 6 | $ 3,430,000 | $ 571,666 | $ 279,000 |
| North Port-Sarasota-Bradenton, FL | 6 | $ 2,220,000 | $ 370,000 | $ 167,000 |
| Jackson, MI | 5 | $ 1,755,000 | $ 351,000 | $ 118,000 |
| Lima, OH | 5 | $ 1,165,000 | $ 233,000 | $ 119,000 |
| Mansfield, OH | 5 | $ 1,825,000 | $ 365,000 | $ 98,000 |
| Naples-Immokalee-Marco Island, FL | 5 | $ 1,225,000 | $ 245,000 | $ 254,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,930,000 | $ 482,500 | $ 221,000 |
| Jacksonville, FL | 4 | $ 1,590,000 | $ 397,500 | $ 128,000 |
| Raleigh, NC | 4 | $ 1,060,000 | $ 265,000 | $ 101,000 |
| Erie, PA | 3 | $ 1,035,000 | $ 345,000 | $ 140,000 |
| Lansing-East Lansing, MI | 3 | $ 645,000 | $ 215,000 | $ 81,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 3 | $ 875,000 | $ 291,666 | $ 369,000 |
| Baltimore-Columbia-Towson, MD | 2 | $ 930,000 | $ 465,000 | $ 279,000 |
| Beckley, WV | 2 | $ 600,000 | $ 300,000 | $ 275,000 |
| Gainesville, FL | 2 | $ 280,000 | $ 140,000 | $ 38,000 |
| Gary, IN | 2 | $ 1,310,000 | $ 655,000 | $ 245,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 710,000 | $ 355,000 | $ 143,000 |
| Huntington-Ashland, WV-KY-OH | 2 | $ 410,000 | $ 205,000 | $ 431,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 750,000 | $ 375,000 | $ 190,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 580,000 | $ 290,000 | $ 76,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 730,000 | $ 365,000 | $ 82,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 720,000 | $ 360,000 | $ 195,000 |
| Salisbury, MD-DE | 2 | $ 550,000 | $ 275,000 | $ 150,000 |
| Springfield, OH | 2 | $ 710,000 | $ 355,000 | $ 175,000 |
| Wheeling, WV-OH | 2 | $ 590,000 | $ 295,000 | $ 106,000 |
| Asheville, NC | 1 | $ 495,000 | $ 495,000 | $ 185,000 |
| Battle Creek, MI | 1 | $ 255,000 | $ 255,000 | $ 104,000 |
| Bloomington, IN | 1 | $ 155,000 | $ 155,000 | $ 151,000 |
| Bowling Green, KY | 1 | $ 265,000 | $ 265,000 | $ 55,000 |
| Charleston-North Charleston, SC | 1 | $ 305,000 | $ 305,000 | $ 148,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 225,000 | $ 225,000 | $ 61,000 |
| Charlottesville, VA | 1 | $ 235,000 | $ 235,000 | $ 54,000 |
| Columbia, SC | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 285,000 | $ 285,000 | $ 440,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 505,000 | $ 505,000 | $ 187,000 |
| Knoxville, TN | 1 | $ 335,000 | $ 335,000 | $ 624,000 |
| Lakeland-Winter Haven, FL | 1 | $ 215,000 | $ 215,000 | $ 118,000 |
| Morgantown, WV | 1 | $ 495,000 | $ 495,000 | $ 390,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 255,000 | $ 255,000 | $ 237,000 |
| Parkersburg-Vienna, WV | 1 | $ 415,000 | $ 415,000 | $ 107,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 465,000 | $ 465,000 | $ 215,000 |
| Port St. Lucie, FL | 1 | $ 735,000 | $ 735,000 | $ 336,000 |
| Punta Gorda, FL | 1 | $ 215,000 | $ 215,000 | $ 62,000 |
| Richmond, VA | 1 | $ 395,000 | $ 395,000 | $ 170,000 |
| Spartanburg, SC | 1 | $ 355,000 | $ 355,000 | $ 85,000 |
| Tallahassee, FL | 1 | $ 365,000 | $ 365,000 | $ 235,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 515,000 | $ 515,000 | $ 390,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 575,000 | $ 575,000 | $ 342,000 |
| Winchester, VA-WV | 1 | $ 305,000 | $ 305,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Lakewood in 2020
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 | 2,762 | $712,090,000 | $257,000 | $1,605,000 | $131,000 | $1,844,000 |
| Refinancing | 2,289 | $539,855,000 | $235,000 | $1,505,000 | $146,000 | $1,603,000 |
| Cash-out Refinancing | 854 | $181,530,000 | $212,000 | $4,005,000 | $135,000 | $1,531,000 |
| Other Purpose | 117 | $14,985,000 | $128,000 | $515,000 | $165,000 | $1,021,000 |
| Home Improvement | 5 | $405,000 | $81,000 | $115,000 | $107,000 | $182,000 |
| 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 | 4,944 | $1,174,630,000 | $237,000 | $1,605,000 | $136,000 | $1,844,000 |
| Not Provided | 554 | $143,880,000 | $259,000 | $905,000 | $162,000 | $1,230,000 |
| Asian | 184 | $45,770,000 | $248,000 | $795,000 | $147,000 | $700,000 |
| Black or African American | 131 | $24,105,000 | $184,000 | $745,000 | $117,000 | $650,000 |
| Hispanic | 103 | $20,415,000 | $198,000 | $755,000 | $113,000 | $531,000 |
| Not applicable | 33 | $16,295,000 | $493,000 | $4,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 9 | $2,315,000 | $257,000 | $515,000 | $117,000 | $215,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $235,000 | $235,000 | $235,000 | $48,000 | $48,000 |
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) | 5,853 | $1,413,745,000 | $241,000 | $4,005,000 | $140,000 | $1,844,000 |
| FHA-insured (Federal Housing Administration) | 107 | $17,965,000 | $167,000 | $355,000 | $62,000 | $133,000 |
| VA-guaranteed (Veterans Administration) | 61 | $16,315,000 | $267,000 | $515,000 | $87,000 | $248,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $840,000 | $140,000 | $185,000 | $58,000 | $73,000 |
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 | 4,427 | $1,074,715,000 | $242,000 | $4,005,000 | $138,000 | $1,603,000 |
| Application Withdrawn By Applicant | 881 | $208,965,000 | $237,000 | $1,005,000 | $141,000 | $1,844,000 |
| Loan Purchased By The Institution | 320 | $77,450,000 | $242,000 | $695,000 | $129,000 | $624,000 |
| Application Denied By Financial Institution | 210 | $42,560,000 | $202,000 | $755,000 | $121,000 | $1,531,000 |
| File Closed For Incompleteness | 148 | $36,400,000 | $245,000 | $925,000 | $151,000 | $819,000 |
| Application Approved But Not Accepted | 41 | $8,775,000 | $214,000 | $515,000 | $130,000 | $650,000 |
| 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 | 5,817 | $1,406,305,000 | $241,000 | $4,005,000 | $139,000 | $1,844,000 |
| Collateral | 67 | $15,725,000 | $234,000 | $735,000 | $177,000 | $1,531,000 |
| Credit History | 53 | $9,775,000 | $184,000 | $755,000 | $124,000 | $1,230,000 |
| Debt-To-Income Ratio | 40 | $7,120,000 | $178,000 | $635,000 | $53,000 | $162,000 |
| Unverifiable Information | 20 | $4,420,000 | $221,000 | $645,000 | $85,000 | $550,000 |
| Other | 18 | $3,210,000 | $178,000 | $405,000 | $123,000 | $422,000 |
| Employment History | 10 | $1,630,000 | $163,000 | $375,000 | $60,000 | $285,000 |
| Credit Application Incomplete | 2 | $680,000 | $340,000 | $455,000 | $179,000 | $249,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2020 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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