First Federal S&L of Lakewood Mortgage Lending & HMDA Data, 2021
In 2021, First Federal S&L of Lakewood of Lakewood, OH reported 5,039 mortgage applications totaling $1.3 billion, down 16% from 2020. The average application was for $266,799, and applicants reported an average income of $145,069. 80% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Cleveland-Elyria, OH (3,001), Columbus, OH (497) and Akron, OH (372) (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 | 5,039 |
| Total Mortgage Loan Application Amount | $1,344,405,000 |
| Average Mortgage Loan Application Amount | $266,799 |
| Highest Mortgage Loan Application Amount | $2,805,000 |
| Average Applicant Income | $145,069 |
| Highest Applicant Income | $2,708,000 |
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records First Federal S&L of Lakewood filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 3,001 | $ 694,615,000 | $ 231,461 | $ 134,000 |
| Columbus, OH | 497 | $ 190,345,000 | $ 382,987 | $ 191,000 |
| Akron, OH | 372 | $ 92,630,000 | $ 249,005 | $ 159,000 |
| Toledo, OH | 327 | $ 97,515,000 | $ 298,211 | $ 139,000 |
| Outside any metro area | 285 | $ 84,655,000 | $ 297,035 | $ 141,031 |
| Cincinnati, OH-KY-IN | 173 | $ 52,385,000 | $ 302,803 | $ 173,768 |
| Canton-Massillon, OH | 53 | $ 15,755,000 | $ 297,264 | $ 143,000 |
| Monroe, MI | 51 | $ 19,715,000 | $ 386,568 | $ 145,000 |
| Detroit-Dearborn-Livonia, MI | 32 | $ 9,460,000 | $ 295,625 | $ 162,000 |
| Youngstown-Warren-Boardman, OH-PA | 31 | $ 8,995,000 | $ 290,161 | $ 151,000 |
| Warren-Troy-Farmington Hills, MI | 23 | $ 5,935,000 | $ 258,043 | $ 151,000 |
| Ann Arbor, MI | 22 | $ 10,520,000 | $ 478,181 | $ 188,000 |
| Indianapolis-Carmel-Anderson, IN | 15 | $ 3,345,000 | $ 223,000 | $ 161,000 |
| Dayton-Springfield-Kettering, OH | 14 | $ 5,510,000 | $ 393,571 | $ 149,000 |
| Pittsburgh, PA | 14 | $ 4,410,000 | $ 315,000 | $ 136,000 |
| Naples-Immokalee-Marco Island, FL | 11 | $ 3,955,000 | $ 359,545 | $ 273,000 |
| Mansfield, OH | 10 | $ 3,080,000 | $ 308,000 | $ 111,000 |
| Cape Coral-Fort Myers, FL | 9 | $ 2,725,000 | $ 302,777 | $ 196,000 |
| Jackson, MI | 9 | $ 4,255,000 | $ 472,777 | $ 234,000 |
| Springfield, OH | 8 | $ 2,830,000 | $ 353,750 | $ 139,000 |
| Louisville/Jefferson County, KY-IN | 6 | $ 3,890,000 | $ 648,333 | $ 304,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,195,000 | $ 239,000 | $ 162,000 |
| Bowling Green, KY | 4 | $ 1,150,000 | $ 287,500 | $ 65,000 |
| Chicago-Naperville, IL | 4 | $ 1,240,000 | $ 310,000 | $ 162,000 |
| Gainesville, FL | 4 | $ 1,410,000 | $ 352,500 | $ 157,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 4 | $ 1,300,000 | $ 325,000 | $ 73,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 1,450,000 | $ 362,500 | $ 179,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 1,980,000 | $ 495,000 | $ 262,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,980,000 | $ 495,000 | $ 295,000 |
| Huntington-Ashland, WV-KY-OH | 3 | $ 1,535,000 | $ 511,666 | $ 266,333 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 3 | $ 775,000 | $ 258,333 | $ 128,000 |
| Punta Gorda, FL | 3 | $ 845,000 | $ 281,666 | $ 303,000 |
| The Villages, FL | 3 | $ 545,000 | $ 181,666 | $ 45,000 |
| Jacksonville, FL | 2 | $ 620,000 | $ 310,000 | $ 309,000 |
| Ocala, FL | 2 | $ 390,000 | $ 195,000 | $ 74,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 350,000 | $ 175,000 | $ 95,000 |
| Wilmington, NC | 2 | $ 360,000 | $ 180,000 | $ 102,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 755,000 | $ 755,000 | $ 376,000 |
| Charleston, WV | 1 | $ 335,000 | $ 335,000 | $ 102,000 |
| Charleston-North Charleston, SC | 1 | $ 665,000 | $ 665,000 | $ 640,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 335,000 | $ 335,000 | $ 120,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 405,000 | $ 405,000 | $ 246,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 795,000 | $ 795,000 | $ 203,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 295,000 | $ 295,000 | $ 66,000 |
| Gary, IN | 1 | $ 185,000 | $ 185,000 | $ 40,000 |
| Knoxville, TN | 1 | $ 445,000 | $ 445,000 | $ 358,000 |
| Lakeland-Winter Haven, FL | 1 | $ 275,000 | $ 275,000 | $ 47,000 |
| Lexington-Fayette, KY | 1 | $ 765,000 | $ 765,000 | $ 372,000 |
| Lima, OH | 1 | $ 515,000 | $ 515,000 | $ 231,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 705,000 | $ 705,000 | $ 235,000 |
| Missoula, MT | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 315,000 | $ 315,000 | $ 167,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 325,000 | $ 325,000 | $ 376,000 |
| New York-Jersey City-White Plains, NY-NJ | 1 | $ 305,000 | $ 305,000 | $ 120,000 |
| Niles-Benton Harbor, MI | 1 | $ 365,000 | $ 365,000 | $ 120,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 335,000 | $ 335,000 | $ 190,000 |
| Raleigh, NC | 1 | $ 185,000 | $ 185,000 | $ 55,000 |
| Richmond, VA | 1 | $ 805,000 | $ 805,000 | $ 320,000 |
| Sebring, FL | 1 | $ 625,000 | $ 625,000 | $ 315,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 515,000 | $ 515,000 | $ 305,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Lakewood in 2021
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 | 2,606 | $778,130,000 | $298,000 | $2,155,000 | $146,000 | $2,708,000 |
| Refinancing | 1,557 | $374,005,000 | $240,000 | $2,805,000 | $149,000 | $1,765,000 |
| Cash-out Refinancing | 784 | $177,900,000 | $226,000 | $2,705,000 | $132,000 | $851,000 |
| Other Purpose | 91 | $14,245,000 | $156,000 | $805,000 | $165,000 | $1,676,000 |
| Home Improvement | 1 | $125,000 | $125,000 | $125,000 | $31,000 | $31,000 |
| 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 | 3,961 | $1,032,915,000 | $260,000 | $1,855,000 | $142,000 | $2,708,000 |
| Not Provided | 543 | $154,625,000 | $284,000 | $1,485,000 | $166,000 | $1,625,000 |
| Not applicable | 167 | $54,935,000 | $328,000 | $2,805,000 | $0 | $0 |
| Asian | 137 | $45,715,000 | $333,000 | $1,155,000 | $176,000 | $675,000 |
| Black or African American | 97 | $20,795,000 | $214,000 | $745,000 | $122,000 | $650,000 |
| Hispanic | 93 | $20,365,000 | $218,000 | $635,000 | $119,000 | $570,000 |
| American Indian or Alaskan Native | 10 | $2,470,000 | $247,000 | $445,000 | $150,000 | $458,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 4,901 | $1,316,325,000 | $268,000 | $2,805,000 | $147,000 | $2,708,000 |
| FHA-insured (Federal Housing Administration) | 90 | $15,410,000 | $171,000 | $355,000 | $65,000 | $185,000 |
| VA-guaranteed (Veterans Administration) | 47 | $12,405,000 | $263,000 | $545,000 | $114,000 | $281,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $265,000 | $265,000 | $265,000 | $0 | $0 |
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 | 4,049 | $1,087,795,000 | $268,000 | $2,805,000 | $144,000 | $2,708,000 |
| Application Withdrawn By Applicant | 518 | $135,570,000 | $261,000 | $1,275,000 | $157,000 | $1,676,000 |
| File Closed For Incompleteness | 168 | $50,420,000 | $300,000 | $1,505,000 | $152,000 | $851,000 |
| Application Denied By Financial Institution | 141 | $32,845,000 | $232,000 | $825,000 | $113,000 | $768,000 |
| Loan Purchased By The Institution | 124 | $28,600,000 | $230,000 | $805,000 | $0 | $0 |
| Application Approved But Not Accepted | 39 | $9,175,000 | $235,000 | $715,000 | $122,000 | $398,000 |
| 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 | 4,898 | $1,311,560,000 | $267,000 | $2,805,000 | $146,000 | $2,708,000 |
| Collateral | 51 | $12,615,000 | $247,000 | $825,000 | $134,000 | $515,000 |
| Debt-To-Income Ratio | 34 | $7,940,000 | $233,000 | $555,000 | $101,000 | $768,000 |
| Credit History | 31 | $5,995,000 | $193,000 | $525,000 | $98,000 | $338,000 |
| Unverifiable Information | 8 | $1,840,000 | $230,000 | $395,000 | $96,000 | $202,000 |
| Employment History | 6 | $1,600,000 | $266,000 | $545,000 | $69,000 | $126,000 |
| Other | 6 | $1,720,000 | $286,000 | $615,000 | $145,000 | $428,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,135,000 | $227,000 | $345,000 | $99,000 | $184,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal S&L of Lakewood's 2021 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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