First Federal S&L of Newark Mortgage Lending & HMDA Data, 2015
In 2015, First Federal S&L of Newark of Newark, OH reported 363 mortgage applications totaling $50.7 million, up 4% from 2014. The average application was for $139,787, and applicants reported an average income of $111,581. 79% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Columbus, OH (353) and Springfield, 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 | 363 |
| Total Mortgage Loan Application Amount | $50,743,000 |
| Average Mortgage Loan Application Amount | $139,787 |
| Highest Mortgage Loan Application Amount | $1,100,000 |
| Average Applicant Income | $111,581 |
| Highest Applicant Income | $1,237,000 |
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records First Federal S&L of Newark filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 246 | $ 30,073,000 | $ 122,247 | $ 80,000 |
| Franklin, Ohio | 72 | $ 12,788,000 | $ 177,611 | $ 217,000 |
| Fairfield, Ohio | 15 | $ 2,495,000 | $ 166,333 | $ 122,000 |
| Delaware, Ohio | 9 | $ 2,173,000 | $ 241,444 | $ 116,000 |
| Muskingum, Ohio | 6 | $ 1,070,000 | $ 178,333 | $ 120,000 |
| Perry, Ohio | 6 | $ 536,000 | $ 89,333 | $ 41,000 |
| Hocking, Ohio | 2 | $ 420,000 | $ 210,000 | $ 186,000 |
| Knox, Ohio | 2 | $ 164,000 | $ 82,000 | $ 51,000 |
| Madison, Ohio | 2 | $ 194,000 | $ 97,000 | $ 198,000 |
| Clark, Ohio | 1 | $ 351,000 | $ 351,000 | $ 141,000 |
| Logan, Ohio | 1 | $ 109,000 | $ 109,000 | $ 53,000 |
| Union, Ohio | 1 | $ 370,000 | $ 370,000 | $ 133,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Newark in 2015
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 | 224 | $30,938,000 | $138,000 | $573,000 | $113,000 | $1,237,000 |
| Refinancing | 119 | $17,522,000 | $147,000 | $1,100,000 | $108,000 | $951,000 |
| Home Improvement | 20 | $2,283,000 | $114,000 | $400,000 | $117,000 | $417,000 |
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 | 312 | $43,271,000 | $138,000 | $571,000 | $95,000 | $951,000 |
| Not applicable | 33 | $5,605,000 | $169,000 | $1,100,000 | $280,000 | $1,237,000 |
| Black or African American | 8 | $939,000 | $117,000 | $320,000 | $122,000 | $423,000 |
| Not Provided | 4 | $325,000 | $81,000 | $150,000 | $69,000 | $92,000 |
| Hispanic | 3 | $440,000 | $146,000 | $241,000 | $84,000 | $116,000 |
| Asian | 3 | $163,000 | $54,000 | $70,000 | $43,000 | $53,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 363 | $50,743,000 | $139,000 | $1,100,000 | $111,000 | $1,237,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 285 | $39,861,000 | $139,000 | $1,100,000 | $117,000 | $1,237,000 |
| Application Withdrawn By Applicant | 37 | $5,176,000 | $139,000 | $550,000 | $108,000 | $523,000 |
| Application Denied By Financial Institution | 32 | $4,784,000 | $149,000 | $417,000 | $72,000 | $213,000 |
| File Closed For Incompleteness | 8 | $732,000 | $91,000 | $124,000 | $95,000 | $155,000 |
| Application Approved But Not Accepted | 1 | $190,000 | $190,000 | $190,000 | $62,000 | $62,000 |
| 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 | 12 | $1,487,000 | $123,000 | $315,000 | $70,000 | $93,000 |
| Credit History | 11 | $1,405,000 | $127,000 | $351,000 | $61,000 | $141,000 |
| Other | 4 | $1,296,000 | $324,000 | $417,000 | $125,000 | $213,000 |
| Debt-To-Income Ratio | 3 | $357,000 | $119,000 | $144,000 | $64,000 | $84,000 |
| Employment History | 1 | $109,000 | $109,000 | $109,000 | $50,000 | $50,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $130,000 | $130,000 | $130,000 | $40,000 | $40,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal S&L of Newark's 2015 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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