First Federal S&L of Lakewood Mortgage Lending & HMDA Data, 2019
In 2019, First Federal S&L of Lakewood of Lakewood, OH reported 4,364 mortgage applications totaling $1.0 billion, up 6% from 2018. The average application was for $235,469, and applicants reported an average income of $139,379. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Cleveland-Elyria, OH (2,382), Columbus, OH (439) and Akron, OH (294) (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 | 4,364 |
| Total Mortgage Loan Application Amount | $1,027,590,000 |
| Average Mortgage Loan Application Amount | $235,469 |
| Highest Mortgage Loan Application Amount | $1,775,000 |
| Average Applicant Income | $139,379 |
| Highest Applicant Income | $3,060,000 |
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records First Federal S&L of Lakewood filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Federal S&L of Lakewood in 2019
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 | 2,786 | $661,375,000 | $237,000 | $1,775,000 | $131,000 | $1,223,000 |
| Refinancing | 840 | $218,680,000 | $260,000 | $1,095,000 | $170,000 | $3,060,000 |
| Cash-out Refinancing | 575 | $126,105,000 | $219,000 | $1,235,000 | $133,000 | $1,243,000 |
| Other Purpose | 144 | $18,990,000 | $131,000 | $515,000 | $143,000 | $1,068,000 |
| Home Improvement | 12 | $1,330,000 | $110,000 | $415,000 | $134,000 | $461,000 |
| Not Applicable | 7 | $1,110,000 | $277,000 | $305,000 | $259,000 | $726,000 |
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 | 3,628 | $856,075,000 | $236,000 | $1,775,000 | $138,000 | $3,060,000 |
| Not Provided | 395 | $97,150,000 | $246,000 | $1,085,000 | $172,000 | $907,000 |
| Black or African American | 107 | $20,885,000 | $195,000 | $655,000 | $101,000 | $285,000 |
| Hispanic | 103 | $17,695,000 | $171,000 | $945,000 | $91,000 | $424,000 |
| Asian | 97 | $24,845,000 | $256,000 | $1,425,000 | $151,000 | $590,000 |
| Not applicable | 13 | $4,975,000 | $382,000 | $655,000 | $0 | $0 |
| American Indian or Alaskan Native | 8 | $2,150,000 | $268,000 | $505,000 | $89,000 | $154,000 |
| 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) | 4,003 | $961,365,000 | $240,000 | $1,775,000 | $145,000 | $3,060,000 |
| FHA-insured (Federal Housing Administration) | 284 | $49,900,000 | $175,000 | $705,000 | $68,000 | $222,000 |
| VA-guaranteed (Veterans Administration) | 59 | $13,755,000 | $233,000 | $455,000 | $91,000 | $224,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $2,570,000 | $142,000 | $255,000 | $52,000 | $84,000 |
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 | 3,418 | $797,800,000 | $233,000 | $1,425,000 | $139,000 | $1,223,000 |
| Application Withdrawn By Applicant | 610 | $148,240,000 | $243,000 | $1,775,000 | $149,000 | $3,060,000 |
| Application Denied By Financial Institution | 193 | $42,335,000 | $219,000 | $1,475,000 | $101,000 | $830,000 |
| File Closed For Incompleteness | 106 | $30,010,000 | $283,000 | $825,000 | $144,000 | $720,000 |
| Application Approved But Not Accepted | 28 | $8,040,000 | $287,000 | $635,000 | $206,000 | $1,020,000 |
| Loan Purchased By The Institution | 9 | $1,165,000 | $233,000 | $305,000 | $258,000 | $726,000 |
| 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 | 4,171 | $985,255,000 | $236,000 | $1,775,000 | $141,000 | $3,060,000 |
| Collateral | 52 | $12,590,000 | $242,000 | $1,475,000 | $117,000 | $830,000 |
| Debt-To-Income Ratio | 51 | $11,115,000 | $217,000 | $705,000 | $78,000 | $242,000 |
| Credit History | 46 | $11,190,000 | $243,000 | $705,000 | $125,000 | $612,000 |
| Other | 17 | $2,265,000 | $133,000 | $425,000 | $77,000 | $211,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $1,815,000 | $165,000 | $455,000 | $95,000 | $217,000 |
| Employment History | 9 | $2,045,000 | $227,000 | $605,000 | $86,000 | $305,000 |
| Unverifiable Information | 5 | $1,065,000 | $213,000 | $405,000 | $88,000 | $172,000 |
| Credit Application Incomplete | 2 | $250,000 | $125,000 | $195,000 | $74,000 | $82,000 |
| 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 2019 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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