Golf Savings Bank Mortgage Lending & HMDA Data, 2008

In 2008, Golf Savings Bank of Mountlake Terrace, WA reported 9,302 mortgage applications totaling $2.3 billion, up 13% from 2007. The average application was for $245,800, and applicants reported an average income of $114,721. 57% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (2,622), Kennewick-Pasco-Richland, WA (988) and Yakima, WA (471) (applications in parentheses).

Mortgage Company & Address Golf Savings Bank
6505 218th St Sw Suite 6
Mountlake Terrace, WA 98043
Tel #: available with data download
Federal Regulator * available with data download
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 9,302
Total Mortgage Loan Application Amount $2,286,432,000
Average Mortgage Loan Application Amount $245,800
Highest Mortgage Loan Application Amount $3,500,000
Average Applicant Income $114,721
Highest Applicant Income $8,236,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Golf Savings Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Golf Savings Bank by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
King, Washington 1,802 $ 615,894,000 $ 341,783 $ 131,000
Snohomish, Washington 820 $ 238,196,000 $ 290,482 $ 99,000
Benton, Washington 709 $ 131,166,000 $ 185,001 $ 81,000
Yakima, Washington 471 $ 72,401,000 $ 153,717 $ 60,000
Spokane, Washington 456 $ 80,297,000 $ 176,089 $ 73,000
Kitsap, Washington 424 $ 103,827,000 $ 244,875 $ 79,000
Pierce, Washington 379 $ 94,552,000 $ 249,477 $ 83,000
Kootenai, Idaho 296 $ 65,692,000 $ 221,932 $ 83,000
Ada, Idaho 287 $ 58,000,000 $ 202,090 $ 105,000
Franklin, Washington 279 $ 48,241,000 $ 172,906 $ 70,000
Skagit, Washington 234 $ 54,965,000 $ 234,893 $ 80,000
Whatcom, Washington 204 $ 51,578,000 $ 252,833 $ 88,000
Missoula, Montana 196 $ 45,448,000 $ 231,877 $ 100,000
Coos, Oregon 183 $ 36,128,000 $ 197,420 $ 67,000
Grant, Washington 181 $ 34,169,000 $ 188,779 $ 79,000
Lane, Oregon 148 $ 31,848,000 $ 215,189 $ 87,000
Canyon, Idaho 139 $ 22,001,000 $ 158,280 $ 52,000
Kittitas, Washington 126 $ 40,336,000 $ 320,126 $ 185,000
Multnomah, Oregon 109 $ 29,585,000 $ 271,422 $ 196,000
Thurston, Washington 109 $ 25,553,000 $ 234,431 $ 211,000
Washington, Oregon 99 $ 30,321,000 $ 306,272 $ 249,000
Clark, Washington 99 $ 23,364,000 $ 236,000 $ 290,000
Klamath, Oregon 84 $ 13,154,000 $ 156,595 $ 81,000
Clackamas, Oregon 83 $ 27,418,000 $ 330,337 $ 739,000
Jackson, Oregon 82 $ 19,242,000 $ 234,658 $ 82,000
Mason, Washington 66 $ 14,264,000 $ 216,121 $ 83,000
Kern, California 62 $ 10,818,000 $ 174,483 $ 75,000
Walla Walla, Washington 54 $ 8,994,000 $ 166,555 $ 70,000
Island, Washington 52 $ 17,044,000 $ 327,769 $ 104,000
Clallam, Washington 50 $ 9,696,000 $ 193,920 $ 64,000
Salt Lake, Utah 44 $ 14,195,000 $ 322,613 $ 258,000
Marion, Oregon 41 $ 7,859,000 $ 191,682 $ 109,000
Bonner, Idaho 36 $ 6,688,000 $ 185,777 $ 114,000
Lewis, Washington 29 $ 4,814,000 $ 166,000 $ 84,000
Grays Harbor, Washington 27 $ 4,679,000 $ 173,296 $ 118,000
Nez Perce, Idaho 26 $ 3,903,000 $ 150,115 $ 52,000
Stevens, Washington 25 $ 4,010,000 $ 160,400 $ 60,000
Asotin, Washington 24 $ 3,331,000 $ 138,791 $ 58,000
Chelan, Washington 24 $ 6,852,000 $ 285,500 $ 106,000
Ravalli, Montana 23 $ 7,073,000 $ 307,521 $ 88,000
Clatsop, Oregon 23 $ 7,307,000 $ 317,695 $ 150,000
Deschutes, Oregon 23 $ 5,883,000 $ 255,782 $ 260,000
Umatilla, Oregon 21 $ 2,544,000 $ 121,142 $ 70,000
Maricopa, Arizona 20 $ 7,182,000 $ 359,100 $ 741,000
Benewah, Idaho 20 $ 3,860,000 $ 193,000 $ 48,000
Flathead, Montana 20 $ 4,492,000 $ 224,600 $ 81,000
Douglas, Oregon 19 $ 3,460,000 $ 182,105 $ 48,000
Cowlitz, Washington 17 $ 3,418,000 $ 201,058 $ 97,000
Douglas, Washington 16 $ 5,393,000 $ 337,062 $ 84,000
Klickitat, Washington 16 $ 2,417,000 $ 151,062 $ 64,000
Latah, Idaho 14 $ 2,360,000 $ 168,571 $ 55,000
Valley, Idaho 13 $ 5,309,000 $ 408,384 $ 163,000
Polk, Oregon 13 $ 2,889,000 $ 222,230 $ 1,320,000
Okanogan, Washington 13 $ 2,477,000 $ 190,538 $ 111,000
Gem, Idaho 12 $ 2,058,000 $ 171,500 $ 56,000
Payette, Idaho 12 $ 1,813,000 $ 151,083 $ 44,000
Linn, Oregon 12 $ 2,337,000 $ 194,750 $ 106,000
Pacific, Washington 12 $ 3,531,000 $ 294,250 $ 111,000
Bonneville, Idaho 11 $ 1,720,000 $ 156,363 $ 62,000
Adams, Washington 11 $ 1,770,000 $ 160,909 $ 83,000
Clark, Nevada 10 $ 2,486,000 $ 248,600 $ 123,000
Lincoln, Oregon 10 $ 4,682,000 $ 468,200 $ 324,000
Union, Oregon 10 $ 1,585,000 $ 158,500 $ 61,000
Davis, Utah 10 $ 2,535,000 $ 253,500 $ 443,000
San Juan, Washington 10 $ 3,815,000 $ 381,500 $ 166,000
Bannock, Idaho 9 $ 1,367,000 $ 151,888 $ 61,000
Yellowstone, Montana 9 $ 1,762,000 $ 195,777 $ 74,000
Josephine, Oregon 9 $ 1,250,000 $ 138,888 $ 55,000
Yamhill, Oregon 9 $ 2,551,000 $ 283,444 $ 965,000
Riverside, California 8 $ 5,349,000 $ 668,625 $ 259,000
Owyhee, Idaho 8 $ 1,180,000 $ 147,500 $ 44,000
Malheur, Oregon 8 $ 759,000 $ 94,875 $ 51,000
Tillamook, Oregon 8 $ 1,522,000 $ 190,250 $ 78,000
Jefferson, Washington 8 $ 2,258,000 $ 282,250 $ 269,000
Boise, Idaho 7 $ 1,517,000 $ 216,714 $ 54,000
Gallatin, Montana 7 $ 1,706,000 $ 243,714 $ 122,000
Lake, Montana 7 $ 1,419,000 $ 202,714 $ 142,000
Silver Bow, Montana 7 $ 916,000 $ 130,857 $ 86,000
Benton, Oregon 7 $ 1,447,000 $ 206,714 $ 63,000
Columbia, Oregon 7 $ 1,948,000 $ 278,285 $ 94,000
Whitman, Washington 7 $ 1,094,000 $ 156,285 $ 47,000
Blaine, Idaho 6 $ 2,954,000 $ 492,333 $ 205,000
Curry, Oregon 6 $ 1,471,000 $ 245,166 $ 69,000
Pinal, Arizona 5 $ 1,154,000 $ 230,800 $ 3,022,000
Orange, California 5 $ 2,770,000 $ 554,000 $ 232,000
Bingham, Idaho 5 $ 784,000 $ 156,800 $ 83,000
Cascade, Montana 5 $ 777,000 $ 155,400 $ 77,000
Lewis and Clark, Montana 5 $ 969,000 $ 193,800 $ 71,000
Lake, Oregon 5 $ 754,000 $ 150,800 $ 48,000
Morrow, Oregon 5 $ 567,000 $ 113,400 $ 79,000
Tooele, Utah 5 $ 726,000 $ 145,200 $ 2,049,000
Utah, Utah 5 $ 1,534,000 $ 306,800 $ 133,000
Pend Oreille, Washington 5 $ 1,098,000 $ 219,600 $ 71,000
Skamania, Washington 5 $ 1,029,000 $ 205,800 $ 71,000
Los Angeles, California 4 $ 1,354,000 $ 338,500 $ 131,000
Jefferson, Idaho 4 $ 754,000 $ 188,500 $ 78,000
Jerome, Idaho 4 $ 681,000 $ 170,250 $ 48,000
Shoshone, Idaho 4 $ 789,000 $ 197,250 $ 79,000
Twin Falls, Idaho 4 $ 535,000 $ 133,750 $ 58,000
Mineral, Montana 4 $ 560,000 $ 140,000 $ 78,000
Lincoln, Washington 4 $ 462,000 $ 115,500 $ 66,000
Placer, California 3 $ 966,000 $ 322,000 $ 82,000
Sacramento, California 3 $ 522,000 $ 174,000 $ 86,000
San Bernardino, California 3 $ 795,000 $ 265,000 $ 81,000
San Diego, California 3 $ 796,000 $ 265,333 $ 132,000
Santa Clara, California 3 $ 1,705,000 $ 568,333 $ 191,000
Denver, Colorado 3 $ 1,056,000 $ 352,000 $ 128,000
Jefferson, Colorado 3 $ 773,000 $ 257,666 $ 108,000
Adams, Idaho 3 $ 548,000 $ 182,666 $ 90,000
Elmore, Idaho 3 $ 414,000 $ 138,000 $ 53,000
Baker, Oregon 3 $ 717,000 $ 239,000 $ 94,000
Gilliam, Oregon 3 $ 452,000 $ 150,666 $ 69,000
Harney, Oregon 3 $ 657,000 $ 219,000 $ 76,000
Washington, Utah 3 $ 1,634,000 $ 544,666 $ 559,000
Anchorage, Alaska 2 $ 380,000 $ 190,000 $ 75,000
Yavapai, Arizona 2 $ 531,000 $ 265,500 $ 73,000
Fresno, California 2 $ 575,000 $ 287,500 $ 77,000
Nevada, California 2 $ 765,000 $ 382,500 $ 102,000
San Joaquin, California 2 $ 680,000 $ 340,000 $ 138,000
Solano, California 2 $ 676,000 $ 338,000 $ 173,000
Sonoma, California 2 $ 568,000 $ 284,000 $ 28,000
Sutter, California 2 $ 336,000 $ 168,000 $ 120,000
Yuba, California 2 $ 326,000 $ 163,000 $ 51,000
Douglas, Colorado 2 $ 1,109,000 $ 554,500 $ 250,000
Custer, Idaho 2 $ 247,000 $ 123,500 $ 89,000
Fremont, Idaho 2 $ 159,000 $ 79,500 $ 24,000
Lemhi, Idaho 2 $ 215,000 $ 107,500 $ 38,000
Madison, Idaho 2 $ 314,000 $ 157,000 $ 57,000
Washington, Idaho 2 $ 390,000 $ 195,000 $ 57,000
Deer Lodge, Montana 2 $ 665,000 $ 332,500 $ 347,000
Meagher, Montana 2 $ 182,000 $ 91,000 $ 32,000
Sanders, Montana 2 $ 351,000 $ 175,500 $ 50,000
Washoe, Nevada 2 $ 484,000 $ 242,000 $ 116,000
Crook, Oregon 2 $ 405,000 $ 202,500 $ 60,000
Wallowa, Oregon 2 $ 445,000 $ 222,500 $ 78,000
Virginia Beach, Virginia 2 $ 550,000 $ 275,000 $ 49,000
Matanuska-Susitna, Alaska 1 $ 170,000 $ 170,000 $ 25,000
Mohave, Arizona 1 $ 200,000 $ 200,000 $ 39,000
Navajo, Arizona 1 $ 211,000 $ 211,000 $ 92,000
Pima, Arizona 1 $ 252,000 $ 252,000 $ 104,000
Calaveras, California 1 $ 360,000 $ 360,000 $ 198,000
Colusa, California 1 $ 333,000 $ 333,000 $ 79,000
Inyo, California 1 $ 206,000 $ 206,000 $ 56,000
Lake, California 1 $ 254,000 $ 254,000 $ 55,000
Modoc, California 1 $ 56,000 $ 56,000 $ 16,000
Monterey, California 1 $ 95,000 $ 95,000 $ 260,000
Santa Barbara, California 1 $ 200,000 $ 200,000 $ 51,000
Santa Cruz, California 1 $ 417,000 $ 417,000 $ 169,000
Siskiyou, California 1 $ 191,000 $ 191,000 $ 16,000
Eagle, Colorado 1 $ 316,000 $ 316,000 $ 96,000
Larimer, Colorado 1 $ 157,000 $ 157,000 $ 73,000
Mesa, Colorado 1 $ 168,000 $ 168,000 $ 246,000
Bear Lake, Idaho 1 $ 134,000 $ 134,000 $ 144,000
Butte, Idaho 1 $ 103,000 $ 103,000 $ 67,000
Cassia, Idaho 1 $ 195,000 $ 195,000 $ 65,000
Idaho, Idaho 1 $ 175,000 $ 175,000 $ 63,000
Lincoln, Idaho 1 $ 138,000 $ 138,000 $ 61,000
Minidoka, Idaho 1 $ 101,000 $ 101,000 $ 85,000
Oneida, Idaho 1 $ 143,000 $ 143,000 $ 59,000
Marshall, Kansas 1 $ 150,000 $ 150,000 $ 0
Hancock, Maine 1 $ 417,000 $ 417,000 $ 175,000
Charles, Maryland 1 $ 405,000 $ 405,000 $ 0
Prince George's, Maryland 1 $ 245,000 $ 245,000 $ 121,000
Beaverhead, Montana 1 $ 417,000 $ 417,000 $ 158,000
Granite, Montana 1 $ 188,000 $ 188,000 $ 110,000
Hill, Montana 1 $ 101,000 $ 101,000 $ 41,000
Jefferson, Montana 1 $ 266,000 $ 266,000 $ 72,000
Lincoln, Montana 1 $ 259,000 $ 259,000 $ 89,000
Madison, Montana 1 $ 320,000 $ 320,000 $ 161,000
Powell, Montana 1 $ 199,000 $ 199,000 $ 123,000
Stillwater, Montana 1 $ 85,000 $ 85,000 $ 87,000
Teton, Montana 1 $ 181,000 $ 181,000 $ 76,000
Toole, Montana 1 $ 57,000 $ 57,000 $ 209,000
Churchill, Nevada 1 $ 274,000 $ 274,000 $ 85,000
Grant, Oregon 1 $ 58,000 $ 58,000 $ 38,000
Jefferson, Oregon 1 $ 219,000 $ 219,000 $ 0
Dallas, Texas 1 $ 133,000 $ 133,000 $ 69,000
Smith, Texas 1 $ 205,000 $ 205,000 $ 108,000
Sevier, Utah 1 $ 105,000 $ 105,000 $ 15,000
Wasatch, Utah 1 $ 417,000 $ 417,000 $ 65,000
Weber, Utah 1 $ 417,000 $ 417,000 $ 150,000
Frederick, Virginia 1 $ 380,000 $ 380,000 $ 264,000
Ferry, Washington 1 $ 46,000 $ 46,000 $ 33,000
Garfield, Washington 1 $ 96,000 $ 96,000 $ 76,000
Weston, Wyoming 1 $ 143,000 $ 143,000 $ 93,000

Mortgage Loan Application Detail Totals for Golf Savings Bank in 2008

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 4,663 $1,182,733,000 $253,000 $2,900,000 $136,000 $8,236,000
Home Purchase 4,419 $1,037,436,000 $234,000 $2,450,000 $93,000 $3,707,000
Home Improvement 220 $66,263,000 $301,000 $3,500,000 $100,000 $1,707,000

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 7,784 $1,921,723,000 $246,000 $2,900,000 $112,000 $5,063,000
Not Provided 583 $146,426,000 $251,000 $3,500,000 $135,000 $5,063,000
Hispanic 482 $91,919,000 $190,000 $675,000 $71,000 $1,289,000
Asian 235 $66,458,000 $282,000 $2,074,000 $273,000 $8,236,000
Black or African American 110 $29,400,000 $267,000 $800,000 $83,000 $323,000
Native Hawaiian or Other Pacific Islander 64 $15,446,000 $241,000 $542,000 $108,000 $921,000
American Indian or Alaskan Native 39 $8,105,000 $207,000 $1,000,000 $72,000 $195,000
Not applicable 5 $6,955,000 $1,391,000 $1,925,000 $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) 5,957 $1,588,700,000 $266,000 $3,500,000 $143,000 $8,236,000
FHA-insured (Federal Housing Administration) 2,790 $577,024,000 $206,000 $1,236,000 $66,000 $1,440,000
VA-guaranteed (Veterans Administration) 478 $107,988,000 $225,000 $741,000 $65,000 $300,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 77 $12,720,000 $165,000 $300,000 $45,000 $80,000

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 5,306 $1,224,620,000 $230,000 $3,500,000 $104,000 $8,236,000
Application Withdrawn By Applicant 2,767 $745,035,000 $269,000 $2,900,000 $141,000 $8,172,000
Application Denied By Financial Institution 886 $229,780,000 $259,000 $2,500,000 $94,000 $5,063,000
File Closed For Incompleteness 198 $48,292,000 $243,000 $1,400,000 $97,000 $1,689,000
Application Approved But Not Accepted 145 $38,705,000 $266,000 $1,920,000 $162,000 $8,172,000
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 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Golf Savings Bank's 2008 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 Golf Savings Bank'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.
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