First Federal S&L of Newark Mortgage Lending & HMDA Data, 2018
In 2018, First Federal S&L of Newark of Newark, OH reported 419 mortgage applications totaling $71.9 million, up 12% from 2017. The average application was for $171,563, and applicants reported an average income of $106,756. 80% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Columbus, OH (400) and Cleveland-Elyria, 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 | 419 |
| Total Mortgage Loan Application Amount | $71,885,000 |
| Average Mortgage Loan Application Amount | $171,563 |
| Highest Mortgage Loan Application Amount | $1,245,000 |
| Average Applicant Income | $106,756 |
| Highest Applicant Income | $2,423,000 |
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records First Federal S&L of Newark filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 295 | $ 47,945,000 | $ 162,525 | $ 92,000 |
| Franklin, Ohio | 60 | $ 11,970,000 | $ 199,500 | $ 242,000 |
| Fairfield, Ohio | 19 | $ 2,925,000 | $ 153,947 | $ 68,000 |
| Delaware, Ohio | 13 | $ 4,135,000 | $ 318,076 | $ 140,000 |
| Knox, Ohio | 12 | $ 1,880,000 | $ 156,666 | $ 89,000 |
| Perry, Ohio | 7 | $ 705,000 | $ 100,714 | $ 69,000 |
| Muskingum, Ohio | 4 | $ 390,000 | $ 97,500 | $ 52,000 |
| Hocking, Ohio | 2 | $ 670,000 | $ 335,000 | $ 31,000 |
| Madison, Ohio | 2 | $ 150,000 | $ 75,000 | $ 37,000 |
| Union, Ohio | 2 | $ 450,000 | $ 225,000 | $ 144,000 |
| Champaign, Ohio | 1 | $ 125,000 | $ 125,000 | $ 33,000 |
| Lorain, Ohio | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Noble, Ohio | 1 | $ 355,000 | $ 355,000 | $ 166,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Newark in 2018
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 | 317 | $56,245,000 | $177,000 | $1,245,000 | $113,000 | $2,423,000 |
| Refinancing | 48 | $7,130,000 | $148,000 | $345,000 | $84,000 | $228,000 |
| Cash-out Refinancing | 43 | $7,615,000 | $177,000 | $625,000 | $95,000 | $547,000 |
| Home Improvement | 9 | $765,000 | $85,000 | $315,000 | $75,000 | $205,000 |
| Other Purpose | 2 | $130,000 | $65,000 | $105,000 | $59,000 | $70,000 |
| 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 | 374 | $65,300,000 | $174,000 | $1,245,000 | $107,000 | $2,423,000 |
| Not applicable | 28 | $4,070,000 | $145,000 | $535,000 | $103,000 | $103,000 |
| Black or African American | 7 | $1,065,000 | $152,000 | $415,000 | $63,000 | $130,000 |
| Not Provided | 5 | $945,000 | $189,000 | $345,000 | $121,000 | $181,000 |
| Asian | 3 | $295,000 | $98,000 | $145,000 | $196,000 | $198,000 |
| Hispanic | 2 | $210,000 | $105,000 | $105,000 | $26,000 | $34,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 419 | $71,885,000 | $171,000 | $1,245,000 | $107,000 | $2,423,000 |
| 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 | 334 | $57,280,000 | $171,000 | $1,245,000 | $115,000 | $2,423,000 |
| Application Withdrawn By Applicant | 47 | $8,205,000 | $174,000 | $755,000 | $79,000 | $337,000 |
| Application Denied By Financial Institution | 26 | $3,970,000 | $152,000 | $625,000 | $65,000 | $162,000 |
| Application Approved But Not Accepted | 6 | $1,620,000 | $270,000 | $455,000 | $98,000 | $199,000 |
| File Closed For Incompleteness | 6 | $810,000 | $135,000 | $245,000 | $39,000 | $88,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 393 | $67,915,000 | $172,000 | $1,245,000 | $110,000 | $2,423,000 |
| Credit History | 15 | $1,775,000 | $118,000 | $225,000 | $55,000 | $129,000 |
| Collateral | 6 | $1,220,000 | $203,000 | $625,000 | $101,000 | $162,000 |
| Debt-To-Income Ratio | 5 | $975,000 | $195,000 | $575,000 | $53,000 | $96,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 2018 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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