First Federal S&L of Lakewood Mortgage Lending & HMDA Data, 2024
In 2024, First Federal S&L of Lakewood of Lakewood, OH reported 2,027 mortgage applications totaling $545.8 million, down 12% from 2023. The average application was for $269,282, and applicants reported an average income of $183,755. 66% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Cleveland, OH (1,242), Cincinnati, OH-KY-IN (170) and Columbus, OH (155) (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 | 2,027 |
| Total Mortgage Loan Application Amount | $545,835,000 |
| Average Mortgage Loan Application Amount | $269,282 |
| Highest Mortgage Loan Application Amount | $4,475,000 |
| Average Applicant Income | $183,755 |
| Highest Applicant Income | $3,250,000 |
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records First Federal S&L of Lakewood filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, OH | 1,242 | $ 304,400,000 | $ 245,088 | $ 180,000 |
| Cincinnati, OH-KY-IN | 170 | $ 48,690,000 | $ 286,411 | $ 224,041 |
| Columbus, OH | 155 | $ 59,905,000 | $ 386,483 | $ 218,000 |
| Akron, OH | 152 | $ 42,880,000 | $ 282,105 | $ 166,000 |
| Outside any metro area | 59 | $ 13,415,000 | $ 227,372 | $ 137,074 |
| Toledo, OH | 53 | $ 8,945,000 | $ 168,773 | $ 143,000 |
| Sandusky, OH | 18 | $ 4,270,000 | $ 237,222 | $ 214,000 |
| Canton-Massillon, OH | 17 | $ 6,845,000 | $ 402,647 | $ 201,000 |
| Dayton-Springfield-Kettering, OH | 12 | $ 4,230,000 | $ 352,500 | $ 154,000 |
| Detroit-Dearborn-Livonia, MI | 12 | $ 660,000 | $ 55,000 | $ 235,000 |
| Winston-Salem, NC | 12 | $ 3,400,000 | $ 283,333 | $ 173,000 |
| Monroe, MI | 11 | $ 1,925,000 | $ 175,000 | $ 126,000 |
| Louisville/Jefferson County, KY-IN | 7 | $ 3,955,000 | $ 565,000 | $ 309,000 |
| Lexington-Fayette, KY | 6 | $ 1,890,000 | $ 315,000 | $ 430,000 |
| Youngstown-Warren-Boardman, OH-PA | 6 | $ 920,000 | $ 153,333 | $ 139,000 |
| Birmingham-Hoover, AL | 4 | $ 450,000 | $ 112,500 | $ 0 |
| Cape Coral-Fort Myers, FL | 4 | $ 1,870,000 | $ 467,500 | $ 471,000 |
| Mansfield, OH | 4 | $ 1,190,000 | $ 297,500 | $ 131,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 1,980,000 | $ 495,000 | $ 190,000 |
| Chicago-Naperville, IL | 3 | $ 1,175,000 | $ 391,666 | $ 184,000 |
| Indianapolis-Carmel-Anderson, IN | 3 | $ 545,000 | $ 181,666 | $ 0 |
| Jacksonville, FL | 3 | $ 2,255,000 | $ 751,666 | $ 561,000 |
| Little Rock-North Little Rock-Conway, AR | 3 | $ 265,000 | $ 88,333 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 735,000 | $ 245,000 | $ 0 |
| Pittsburgh, PA | 3 | $ 1,635,000 | $ 545,000 | $ 348,000 |
| Springfield, OH | 3 | $ 495,000 | $ 165,000 | $ 110,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 395,000 | $ 131,666 | $ 171,000 |
| Arlington-Alexandria-Reston, VA-WV | 2 | $ 1,550,000 | $ 775,000 | $ 277,000 |
| Charleston-North Charleston, SC | 2 | $ 1,610,000 | $ 805,000 | $ 135,000 |
| Greenville-Anderson-Mauldin, SC | 2 | $ 1,290,000 | $ 645,000 | $ 265,000 |
| Huntsville, AL | 2 | $ 300,000 | $ 150,000 | $ 0 |
| Kansas City, MO-KS | 2 | $ 340,000 | $ 170,000 | $ 0 |
| Muncie, IN | 2 | $ 240,000 | $ 120,000 | $ 0 |
| Peoria, IL | 2 | $ 1,580,000 | $ 790,000 | $ 697,000 |
| Richmond, VA | 2 | $ 1,170,000 | $ 585,000 | $ 391,000 |
| Washington, DC-MD | 2 | $ 720,000 | $ 360,000 | $ 527,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Boston, MA | 1 | $ 845,000 | $ 845,000 | $ 0 |
| Champaign-Urbana, IL | 1 | $ 175,000 | $ 175,000 | $ 300,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 665,000 | $ 665,000 | $ 0 |
| Erie, PA | 1 | $ 555,000 | $ 555,000 | $ 330,000 |
| Evansville, IN-KY | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Fayetteville, NC | 1 | $ 645,000 | $ 645,000 | $ 0 |
| Grand Rapids-Wyoming, MI | 1 | $ 965,000 | $ 965,000 | $ 1,072,000 |
| Greensboro-High Point, NC | 1 | $ 235,000 | $ 235,000 | $ 142,000 |
| Harrisburg-Carlisle, PA | 1 | $ 1,165,000 | $ 1,165,000 | $ 600,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 445,000 | $ 445,000 | $ 180,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 85,000 | $ 85,000 | $ 75,000 |
| Johnson City, TN | 1 | $ 325,000 | $ 325,000 | $ 110,000 |
| Knoxville, TN | 1 | $ 335,000 | $ 335,000 | $ 123,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 345,000 | $ 345,000 | $ 223,000 |
| Lima, OH | 1 | $ 215,000 | $ 215,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 1,395,000 | $ 1,395,000 | $ 451,000 |
| Michigan City-La Porte, IN | 1 | $ 135,000 | $ 135,000 | $ 183,000 |
| Mobile, AL | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 415,000 | $ 415,000 | $ 155,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 165,000 | $ 165,000 | $ 169,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Ocala, FL | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Ogden-Clearfield, UT | 1 | $ 515,000 | $ 515,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 895,000 | $ 895,000 | $ 1,056,000 |
| Parkersburg-Vienna, WV | 1 | $ 615,000 | $ 615,000 | $ 225,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 195,000 | $ 195,000 | $ 459,000 |
| Pinehurst-Southern Pines, NC | 1 | $ 245,000 | $ 245,000 | $ 224,000 |
| Portland-South Portland, ME | 1 | $ 425,000 | $ 425,000 | $ 102,000 |
| Punta Gorda, FL | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Sebring, FL | 1 | $ 345,000 | $ 345,000 | $ 0 |
| St. Louis, MO-IL | 1 | $ 675,000 | $ 675,000 | $ 323,000 |
| St. Petersburg-Clearwater-Largo, FL | 1 | $ 865,000 | $ 865,000 | $ 550,000 |
| Tampa, FL | 1 | $ 385,000 | $ 385,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 705,000 | $ 705,000 | $ 0 |
Mortgage Loan Application Detail Totals for First Federal S&L of Lakewood in 2024
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 | 1,290 | $415,070,000 | $321,000 | $3,005,000 | $184,000 | $1,072,000 |
| Other Purpose | 284 | $36,860,000 | $129,000 | $655,000 | $163,000 | $1,624,000 |
| Home Improvement | 211 | $25,995,000 | $123,000 | $705,000 | $224,000 | $3,250,000 |
| Cash-out Refinancing | 172 | $45,060,000 | $261,000 | $4,475,000 | $183,000 | $1,070,000 |
| Refinancing | 70 | $22,850,000 | $326,000 | $1,905,000 | $144,000 | $519,000 |
| 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 | 1,377 | $356,715,000 | $259,000 | $1,665,000 | $177,000 | $3,250,000 |
| Not applicable | 284 | $101,740,000 | $358,000 | $4,475,000 | $0 | $0 |
| Not Provided | 205 | $42,065,000 | $205,000 | $1,035,000 | $198,000 | $1,072,000 |
| Asian | 63 | $23,785,000 | $377,000 | $1,505,000 | $312,000 | $1,624,000 |
| Black or African American | 54 | $9,960,000 | $184,000 | $805,000 | $126,000 | $612,000 |
| Hispanic | 40 | $10,120,000 | $253,000 | $895,000 | $242,000 | $1,056,000 |
| American Indian or Alaskan Native | 4 | $1,450,000 | $362,000 | $675,000 | $193,000 | $312,000 |
| 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) | 1,957 | $529,275,000 | $270,000 | $4,475,000 | $187,000 | $3,250,000 |
| FHA-insured (Federal Housing Administration) | 52 | $10,640,000 | $204,000 | $475,000 | $80,000 | $208,000 |
| VA-guaranteed (Veterans Administration) | 16 | $5,620,000 | $351,000 | $735,000 | $171,000 | $775,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $300,000 | $150,000 | $165,000 | $78,000 | $78,000 |
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 | 1,329 | $374,935,000 | $282,000 | $4,475,000 | $190,000 | $1,624,000 |
| Application Withdrawn By Applicant | 252 | $67,650,000 | $268,000 | $1,395,000 | $166,000 | $1,000,000 |
| Loan Purchased By The Institution | 229 | $65,815,000 | $287,000 | $1,615,000 | $0 | $0 |
| Application Denied By Financial Institution | 178 | $28,810,000 | $161,000 | $3,005,000 | $171,000 | $3,250,000 |
| File Closed For Incompleteness | 23 | $6,285,000 | $273,000 | $1,245,000 | $174,000 | $569,000 |
| Application Approved But Not Accepted | 16 | $2,340,000 | $146,000 | $685,000 | $180,000 | $500,000 |
| 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 | 1,849 | $517,025,000 | $279,000 | $4,475,000 | $186,000 | $1,624,000 |
| Debt-To-Income Ratio | 62 | $8,300,000 | $133,000 | $505,000 | $82,000 | $278,000 |
| Credit History | 61 | $6,575,000 | $107,000 | $505,000 | $265,000 | $3,250,000 |
| Collateral | 25 | $5,125,000 | $205,000 | $765,000 | $150,000 | $400,000 |
| Other | 16 | $4,050,000 | $253,000 | $1,505,000 | $235,000 | $667,000 |
| Credit Application Incomplete | 7 | $655,000 | $93,000 | $185,000 | $185,000 | $403,000 |
| Unverifiable Information | 5 | $3,595,000 | $719,000 | $3,005,000 | $70,000 | $160,000 |
| Employment History | 2 | $510,000 | $255,000 | $365,000 | $52,000 | $73,000 |
| 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 2024 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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