First Federal S&L of Newark Mortgage Lending & HMDA Data, 2021
In 2021, First Federal S&L of Newark of Newark, OH reported 804 mortgage applications totaling $157.1 million, down 24% from 2020. The average application was for $195,422, and applicants reported an average income of $110,263. 76% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Columbus, OH (746), Cleveland-Elyria, OH (2) and Mansfield, 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 | 804 |
| Total Mortgage Loan Application Amount | $157,120,000 |
| Average Mortgage Loan Application Amount | $195,422 |
| Highest Mortgage Loan Application Amount | $865,000 |
| Average Applicant Income | $110,263 |
| Highest Applicant Income | $1,425,000 |
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records First Federal S&L of Newark filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for First Federal S&L of Newark in 2021
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 | 301 | $61,815,000 | $205,000 | $865,000 | $105,000 | $787,000 |
| Refinancing | 251 | $50,515,000 | $201,000 | $645,000 | $114,000 | $787,000 |
| Cash-out Refinancing | 227 | $40,335,000 | $177,000 | $805,000 | $99,000 | $1,018,000 |
| Home Improvement | 14 | $2,080,000 | $148,000 | $705,000 | $124,000 | $290,000 |
| Other Purpose | 11 | $2,375,000 | $215,000 | $435,000 | $384,000 | $1,425,000 |
| 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 | 691 | $137,945,000 | $199,000 | $865,000 | $112,000 | $1,425,000 |
| Not applicable | 40 | $6,630,000 | $165,000 | $575,000 | $0 | $0 |
| Not Provided | 37 | $6,885,000 | $186,000 | $645,000 | $109,000 | $398,000 |
| Black or African American | 13 | $2,295,000 | $176,000 | $305,000 | $52,000 | $130,000 |
| Hispanic | 12 | $1,720,000 | $143,000 | $295,000 | $97,000 | $195,000 |
| Asian | 10 | $1,520,000 | $152,000 | $195,000 | $67,000 | $167,000 |
| American Indian or Alaskan Native | 1 | $125,000 | $125,000 | $125,000 | $54,000 | $54,000 |
| 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) | 804 | $157,120,000 | $195,000 | $865,000 | $110,000 | $1,425,000 |
| 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 | 615 | $121,945,000 | $198,000 | $865,000 | $115,000 | $1,425,000 |
| Application Withdrawn By Applicant | 79 | $13,975,000 | $176,000 | $645,000 | $99,000 | $521,000 |
| Application Denied By Financial Institution | 67 | $11,885,000 | $177,000 | $515,000 | $67,000 | $210,000 |
| File Closed For Incompleteness | 28 | $7,120,000 | $254,000 | $805,000 | $142,000 | $561,000 |
| Application Approved But Not Accepted | 15 | $2,195,000 | $146,000 | $255,000 | $86,000 | $252,000 |
| 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 | 737 | $145,235,000 | $197,000 | $865,000 | $114,000 | $1,425,000 |
| Debt-To-Income Ratio | 23 | $4,005,000 | $174,000 | $515,000 | $61,000 | $210,000 |
| Credit History | 21 | $3,395,000 | $161,000 | $435,000 | $67,000 | $168,000 |
| Collateral | 10 | $1,910,000 | $191,000 | $495,000 | $76,000 | $208,000 |
| Employment History | 6 | $1,360,000 | $226,000 | $335,000 | $88,000 | $163,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $600,000 | $150,000 | $205,000 | $54,000 | $76,000 |
| Mortgage Insurance Denied | 1 | $455,000 | $455,000 | $455,000 | $113,000 | $113,000 |
| Other | 1 | $75,000 | $75,000 | $75,000 | $19,000 | $19,000 |
| Unverifiable Information | 1 | $85,000 | $85,000 | $85,000 | $32,000 | $32,000 |
| 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 2021 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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