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records First Federal S&L of Lakewood filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 1,286 | $ 304,660,000 | $ 236,905 | $ 179,000 |
| Cincinnati, OH-KY-IN | 185 | $ 55,405,000 | $ 299,486 | $ 239,567 |
| Columbus, OH | 162 | $ 70,560,000 | $ 435,555 | $ 203,000 |
| Akron, OH | 158 | $ 42,290,000 | $ 267,658 | $ 156,000 |
| Outside any metro area | 105 | $ 25,985,000 | $ 247,476 | $ 158,723 |
| Toledo, OH | 98 | $ 30,920,000 | $ 315,510 | $ 171,000 |
| Baltimore-Columbia-Towson, MD | 27 | $ 5,945,000 | $ 220,185 | $ 323,000 |
| Detroit-Dearborn-Livonia, MI | 21 | $ 3,155,000 | $ 150,238 | $ 245,000 |
| Indianapolis-Carmel-Anderson, IN | 19 | $ 8,865,000 | $ 466,578 | $ 311,000 |
| Chicago-Naperville, IL | 18 | $ 10,450,000 | $ 580,555 | $ 277,000 |
| Dayton-Springfield-Kettering, OH | 18 | $ 5,700,000 | $ 316,666 | $ 223,000 |
| Canton-Massillon, OH | 14 | $ 4,200,000 | $ 300,000 | $ 169,000 |
| Warren-Troy-Farmington Hills, MI | 13 | $ 3,095,000 | $ 238,076 | $ 226,000 |
| Monroe, MI | 10 | $ 2,050,000 | $ 205,000 | $ 124,000 |
| Pittsburgh, PA | 9 | $ 2,735,000 | $ 303,888 | $ 270,000 |
| Ann Arbor, MI | 8 | $ 3,630,000 | $ 453,750 | $ 218,000 |
| Cape Coral-Fort Myers, FL | 8 | $ 3,340,000 | $ 417,500 | $ 282,000 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 2,755,000 | $ 393,571 | $ 212,000 |
| Youngstown-Warren-Boardman, OH-PA | 7 | $ 1,775,000 | $ 253,571 | $ 171,000 |
| Louisville/Jefferson County, KY-IN | 6 | $ 2,970,000 | $ 495,000 | $ 372,000 |
| Ocala, FL | 6 | $ 1,260,000 | $ 210,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 5 | $ 1,415,000 | $ 283,000 | $ 267,000 |
| Raleigh, NC | 5 | $ 3,805,000 | $ 761,000 | $ 317,000 |
| Evansville, IN-KY | 4 | $ 780,000 | $ 195,000 | $ 68,000 |
| Memphis, TN-MS-AR | 4 | $ 370,000 | $ 92,500 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 715,000 | $ 238,333 | $ 0 |
| Huntsville, AL | 3 | $ 525,000 | $ 175,000 | $ 0 |
| Jacksonville, FL | 3 | $ 2,165,000 | $ 721,666 | $ 278,000 |
| Knoxville, TN | 3 | $ 1,915,000 | $ 638,333 | $ 437,000 |
| Muncie, IN | 3 | $ 255,000 | $ 85,000 | $ 0 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 795,000 | $ 265,000 | $ 125,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 2,635,000 | $ 878,333 | $ 364,000 |
| Peoria, IL | 3 | $ 965,000 | $ 321,666 | $ 289,000 |
| Birmingham-Hoover, AL | 2 | $ 260,000 | $ 130,000 | $ 0 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 960,000 | $ 480,000 | $ 166,000 |
| Charlottesville, VA | 2 | $ 470,000 | $ 235,000 | $ 62,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 1,380,000 | $ 690,000 | $ 349,000 |
| Fort Wayne, IN | 2 | $ 1,420,000 | $ 710,000 | $ 393,000 |
| Gainesville, FL | 2 | $ 690,000 | $ 345,000 | $ 205,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 11,840,000 | $ 5,920,000 | $ 406,000 |
| Gulfport-Biloxi-Pascagoula, MS | 2 | $ 140,000 | $ 70,000 | $ 0 |
| Lake County-Kenosha County, IL-WI | 2 | $ 2,150,000 | $ 1,075,000 | $ 436,000 |
| Mansfield, OH | 2 | $ 620,000 | $ 310,000 | $ 100,000 |
| Montgomery County-Bucks County-Chester County, PA | 2 | $ 1,000,000 | $ 500,000 | $ 194,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 2 | $ 620,000 | $ 310,000 | $ 305,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 650,000 | $ 325,000 | $ 142,000 |
| Punta Gorda, FL | 2 | $ 550,000 | $ 275,000 | $ 0 |
| Richmond, VA | 2 | $ 650,000 | $ 325,000 | $ 134,000 |
| York-Hanover, PA | 2 | $ 800,000 | $ 400,000 | $ 301,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 625,000 | $ 625,000 | $ 270,000 |
| Ames, IA | 1 | $ 535,000 | $ 535,000 | $ 300,000 |
| Bloomsburg-Berwick, PA | 1 | $ 295,000 | $ 295,000 | $ 181,000 |
| Bowling Green, KY | 1 | $ 595,000 | $ 595,000 | $ 250,000 |
| Charleston-North Charleston, SC | 1 | $ 995,000 | $ 995,000 | $ 527,000 |
| Chattanooga, TN-GA | 1 | $ 535,000 | $ 535,000 | $ 330,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 75,000 | $ 75,000 | $ 111,000 |
| Durham-Chapel Hill, NC | 1 | $ 965,000 | $ 965,000 | $ 425,000 |
| Elgin, IL | 1 | $ 1,145,000 | $ 1,145,000 | $ 0 |
| Fayetteville, NC | 1 | $ 215,000 | $ 215,000 | $ 92,000 |
| Flint, MI | 1 | $ 615,000 | $ 615,000 | $ 202,000 |
| Gary, IN | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Green Bay, WI | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 275,000 | $ 275,000 | $ 103,000 |
| Hattiesburg, MS | 1 | $ 725,000 | $ 725,000 | $ 0 |
| Lancaster, PA | 1 | $ 255,000 | $ 255,000 | $ 70,000 |
| Lansing-East Lansing, MI | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Lexington-Fayette, KY | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 115,000 | $ 115,000 | $ 0 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 365,000 | $ 365,000 | $ 129,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 865,000 | $ 865,000 | $ 1,136,000 |
| Ogden-Clearfield, UT | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Oklahoma City, OK | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Panama City, FL | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Philadelphia, PA | 1 | $ 1,305,000 | $ 1,305,000 | $ 482,000 |
| Sebring, FL | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Spokane-Spokane Valley, WA | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Springfield, IL | 1 | $ 965,000 | $ 965,000 | $ 310,000 |
| St. Louis, MO-IL | 1 | $ 715,000 | $ 715,000 | $ 0 |
| Topeka, KS | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 525,000 | $ 525,000 | $ 121,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 735,000 | $ 735,000 | $ 420,000 |
| Wilmington, NC | 1 | $ 755,000 | $ 755,000 | $ 0 |
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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