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records First Federal S&L of Lakewood filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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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