First Federal S&L of Newark Mortgage Lending & HMDA Data, 2020
In 2020, First Federal S&L of Newark of Newark, OH reported 1,060 mortgage applications totaling $216.5 million, up 139% from 2019. The average application was for $204,264, and applicants reported an average income of $118,015. 79% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Columbus, OH (1,002), Mansfield, OH (2) and Toledo, OH (2) (applications in parentheses).
| 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 | 1,060 |
| Total Mortgage Loan Application Amount | $216,520,000 |
| Average Mortgage Loan Application Amount | $204,264 |
| Highest Mortgage Loan Application Amount | $855,000 |
| Average Applicant Income | $118,015 |
| Highest Applicant Income | $1,454,000 |
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records First Federal S&L of Newark filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 705 | $ 134,075,000 | $ 190,177 | $ 107,000 |
| Franklin, Ohio | 128 | $ 31,390,000 | $ 245,234 | $ 151,000 |
| Delaware, Ohio | 61 | $ 17,115,000 | $ 280,573 | $ 166,000 |
| Fairfield, Ohio | 59 | $ 12,785,000 | $ 216,694 | $ 134,000 |
| Perry, Ohio | 40 | $ 8,830,000 | $ 220,750 | $ 105,000 |
| Knox, Ohio | 22 | $ 4,650,000 | $ 211,363 | $ 141,000 |
| Muskingum, Ohio | 21 | $ 3,105,000 | $ 147,857 | $ 77,000 |
| Coshocton, Ohio | 5 | $ 575,000 | $ 115,000 | $ 112,000 |
| Hocking, Ohio | 2 | $ 370,000 | $ 185,000 | $ 94,000 |
| Madison, Ohio | 2 | $ 230,000 | $ 115,000 | $ 57,000 |
| Morrow, Ohio | 2 | $ 600,000 | $ 300,000 | $ 160,000 |
| Ottawa, Ohio | 2 | $ 320,000 | $ 160,000 | $ 390,000 |
| Richland, Ohio | 2 | $ 280,000 | $ 140,000 | $ 113,000 |
| Union, Ohio | 2 | $ 450,000 | $ 225,000 | $ 115,000 |
| Champaign, Ohio | 1 | $ 175,000 | $ 175,000 | $ 105,000 |
| Guernsey, Ohio | 1 | $ 175,000 | $ 175,000 | $ 345,000 |
| Holmes, Ohio | 1 | $ 305,000 | $ 305,000 | $ 270,000 |
| Montgomery, Ohio | 1 | $ 175,000 | $ 175,000 | $ 116,000 |
| Noble, Ohio | 1 | $ 515,000 | $ 515,000 | $ 235,000 |
| Pickaway, Ohio | 1 | $ 95,000 | $ 95,000 | $ 151,000 |
| Summit, Ohio | 1 | $ 305,000 | $ 305,000 | $ 469,000 |
Mortgage Loan Application Detail Totals for First Federal S&L of Newark 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 |
|---|---|---|---|---|---|---|
| Refinancing | 452 | $89,540,000 | $198,000 | $855,000 | $120,000 | $1,454,000 |
| Home Purchase | 314 | $66,210,000 | $210,000 | $645,000 | $109,000 | $394,000 |
| Cash-out Refinancing | 280 | $59,320,000 | $211,000 | $715,000 | $128,000 | $1,354,000 |
| Home Improvement | 10 | $980,000 | $98,000 | $235,000 | $59,000 | $98,000 |
| Other Purpose | 4 | $470,000 | $117,000 | $195,000 | $50,000 | $67,000 |
| 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 | 941 | $196,115,000 | $208,000 | $855,000 | $120,000 | $1,454,000 |
| Not Provided | 37 | $7,855,000 | $212,000 | $535,000 | $121,000 | $469,000 |
| Not applicable | 32 | $4,500,000 | $140,000 | $315,000 | $0 | $0 |
| Asian | 27 | $4,605,000 | $170,000 | $285,000 | $60,000 | $177,000 |
| Hispanic | 14 | $1,940,000 | $138,000 | $515,000 | $124,000 | $392,000 |
| Black or African American | 8 | $1,320,000 | $165,000 | $265,000 | $168,000 | $432,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $185,000 | $185,000 | $185,000 | $151,000 | $151,000 |
| 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) | 1,060 | $216,520,000 | $204,000 | $855,000 | $119,000 | $1,454,000 |
| 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 | 833 | $173,665,000 | $208,000 | $715,000 | $124,000 | $1,454,000 |
| Application Withdrawn By Applicant | 120 | $25,330,000 | $211,000 | $855,000 | $105,000 | $450,000 |
| Application Denied By Financial Institution | 69 | $11,025,000 | $159,000 | $475,000 | $80,000 | $256,000 |
| File Closed For Incompleteness | 27 | $4,815,000 | $178,000 | $515,000 | $108,000 | $321,000 |
| Application Approved But Not Accepted | 11 | $1,685,000 | $153,000 | $325,000 | $87,000 | $195,000 |
| 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 | 991 | $205,495,000 | $207,000 | $855,000 | $121,000 | $1,454,000 |
| Debt-To-Income Ratio | 29 | $5,375,000 | $185,000 | $475,000 | $54,000 | $132,000 |
| Credit History | 25 | $3,095,000 | $123,000 | $225,000 | $77,000 | $178,000 |
| Collateral | 7 | $665,000 | $95,000 | $185,000 | $119,000 | $256,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $610,000 | $152,000 | $275,000 | $111,000 | $214,000 |
| Mortgage Insurance Denied | 2 | $810,000 | $405,000 | $445,000 | $163,000 | $194,000 |
| Other | 1 | $165,000 | $165,000 | $165,000 | $231,000 | $231,000 |
| Unverifiable Information | 1 | $305,000 | $305,000 | $305,000 | $141,000 | $141,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal S&L of Newark'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 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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