First Federal S&L of Newark Mortgage Lending & HMDA Data, 2011
In 2011, First Federal S&L of Newark of Newark, OH reported 476 mortgage applications totaling $57.2 million. The average application was for $120,111, and applicants reported an average income of $97,016. 64% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Columbus, OH (449) and Akron, OH (1).
| Mortgage Company & Address | First Federal S&L of Newark 2 North Second Street Newark, OH 43055 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 | 476 |
| Total Mortgage Loan Application Amount | $57,173,000 |
| Average Mortgage Loan Application Amount | $120,111 |
| Highest Mortgage Loan Application Amount | $625,000 |
| Average Applicant Income | $97,016 |
| Highest Applicant Income | $562,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal S&L of Newark filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Licking, Ohio | 343 | $ 39,527,000 | $ 115,239 | $ 79,000 |
| Franklin, Ohio | 75 | $ 8,902,000 | $ 118,693 | $ 185,000 |
| Fairfield, Ohio | 20 | $ 3,283,000 | $ 164,150 | $ 112,000 |
| Delaware, Ohio | 10 | $ 2,145,000 | $ 214,500 | $ 127,000 |
| Perry, Ohio | 10 | $ 1,346,000 | $ 134,600 | $ 88,000 |
| Muskingum, Ohio | 7 | $ 596,000 | $ 85,142 | $ 62,000 |
| Knox, Ohio | 5 | $ 623,000 | $ 124,600 | $ 56,000 |
| Coshocton, Ohio | 2 | $ 55,000 | $ 27,500 | $ 33,000 |
| Athens, Ohio | 1 | $ 157,000 | $ 157,000 | $ 75,000 |
| Hocking, Ohio | 1 | $ 70,000 | $ 70,000 | $ 47,000 |
| Pickaway, Ohio | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Portage, Ohio | 1 | $ 124,000 | $ 124,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Newark in 2011
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 |
|---|---|---|---|---|---|---|
| Refinancing | 244 | $34,712,000 | $142,000 | $625,000 | $87,000 | $522,000 |
| Home Purchase | 200 | $19,549,000 | $97,000 | $392,000 | $111,000 | $562,000 |
| Home Improvement | 32 | $2,912,000 | $91,000 | $282,000 | $86,000 | $378,000 |
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 | 425 | $52,931,000 | $124,000 | $625,000 | $86,000 | $539,000 |
| Not applicable | 32 | $2,167,000 | $67,000 | $217,000 | $241,000 | $562,000 |
| Black or African American | 11 | $629,000 | $57,000 | $112,000 | $89,000 | $169,000 |
| Hispanic | 3 | $631,000 | $210,000 | $290,000 | $117,000 | $164,000 |
| Asian | 3 | $501,000 | $167,000 | $278,000 | $59,000 | $100,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $70,000 | $70,000 | $70,000 | $132,000 | $132,000 |
| Not Provided | 1 | $244,000 | $244,000 | $244,000 | $80,000 | $80,000 |
| American Indian or Alaskan Native | 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) | 473 | $56,927,000 | $120,000 | $625,000 | $97,000 | $562,000 |
| FHA-insured (Federal Housing Administration) | 3 | $246,000 | $82,000 | $129,000 | $43,000 | $59,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $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 | 306 | $36,306,000 | $118,000 | $464,000 | $106,000 | $539,000 |
| Application Denied By Financial Institution | 92 | $10,155,000 | $110,000 | $625,000 | $71,000 | $533,000 |
| File Closed For Incompleteness | 32 | $4,842,000 | $151,000 | $392,000 | $92,000 | $397,000 |
| Application Withdrawn By Applicant | 30 | $3,567,000 | $118,000 | $345,000 | $71,000 | $163,000 |
| Application Approved But Not Accepted | 16 | $2,303,000 | $143,000 | $290,000 | $124,000 | $562,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 26 | $2,772,000 | $106,000 | $270,000 | $99,000 | $533,000 |
| Debt-To-Income Ratio | 26 | $3,106,000 | $119,000 | $625,000 | $62,000 | $180,000 |
| Credit History | 25 | $2,117,000 | $84,000 | $163,000 | $48,000 | $97,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,228,000 | $153,000 | $332,000 | $82,000 | $191,000 |
| Other | 5 | $733,000 | $146,000 | $238,000 | $81,000 | $99,000 |
| Mortgage Insurance Denied | 1 | $75,000 | $75,000 | $75,000 | $25,000 | $25,000 |
| Employment History | 1 | $124,000 | $124,000 | $124,000 | $49,000 | $49,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal S&L of Newark's 2011 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 Newark'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.
For a list of all lenders in Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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