O Bee Credit Union Mortgage Lending & HMDA Data, 2020
In 2020, O Bee Credit Union of Lacey, WA reported 835 mortgage applications totaling $197.6 million, up 73% from 2019. The average application was for $236,604, and applicants reported an average income of $136,552. 75% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Olympia-Tumwater, WA (463), Tacoma-Lakewood, WA (126) and Seattle-Bellevue-Everett, WA (37) (applications in parentheses).
| Mortgage Company & Address | O Bee Credit Union 3900 Cleveland Ave Se Lacey, WA 98509 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 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 835 |
| Total Mortgage Loan Application Amount | $197,565,000 |
| Average Mortgage Loan Application Amount | $236,604 |
| Highest Mortgage Loan Application Amount | $77,505,000 |
| Average Applicant Income | $136,552 |
| Highest Applicant Income | $2,540,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records O Bee Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Thurston, Washington | 463 | $ 65,525,000 | $ 141,522 | $ 126,000 |
| Pierce, Washington | 126 | $ 92,850,000 | $ 736,904 | $ 153,000 |
| King, Washington | 31 | $ 8,085,000 | $ 260,806 | $ 320,000 |
| Mason, Washington | 26 | $ 3,580,000 | $ 137,692 | $ 138,000 |
| Lewis, Washington | 24 | $ 2,340,000 | $ 97,500 | $ 115,000 |
| Kitsap, Washington | 10 | $ 1,170,000 | $ 117,000 | $ 151,000 |
| Grays Harbor, Washington | 9 | $ 1,335,000 | $ 148,333 | $ 129,000 |
| Snohomish, Washington | 6 | $ 1,280,000 | $ 213,333 | $ 173,000 |
| Clark, Washington | 3 | $ 545,000 | $ 181,666 | $ 258,000 |
| Clallam, Washington | 2 | $ 140,000 | $ 70,000 | $ 62,000 |
| Pacific, Washington | 2 | $ 80,000 | $ 40,000 | $ 57,000 |
| Spokane, Washington | 2 | $ 110,000 | $ 55,000 | $ 166,000 |
| Yakima, Washington | 2 | $ 120,000 | $ 60,000 | $ 89,000 |
| Benton, Washington | 1 | $ 255,000 | $ 255,000 | $ 97,000 |
| Grant, Washington | 1 | $ 175,000 | $ 175,000 | $ 57,000 |
| Island, Washington | 1 | $ 115,000 | $ 115,000 | $ 87,000 |
| Klickitat, Washington | 1 | $ 45,000 | $ 45,000 | $ 240,000 |
| Okanogan, Washington | 1 | $ 605,000 | $ 605,000 | $ 198,000 |
| Skagit, Washington | 1 | $ 295,000 | $ 295,000 | $ 553,000 |
| Wahkiakum, Washington | 1 | $ 65,000 | $ 65,000 | $ 124,000 |
Mortgage Loan Application Detail Totals for O Bee Credit Union 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 |
|---|---|---|---|---|---|---|
| Other Purpose | 276 | $28,220,000 | $102,000 | $455,000 | $140,000 | $2,540,000 |
| Refinancing | 274 | $46,650,000 | $170,000 | $805,000 | $132,000 | $1,022,000 |
| Home Improvement | 191 | $26,105,000 | $136,000 | $10,005,000 | $130,000 | $867,000 |
| Home Purchase | 87 | $95,075,000 | $1,092,000 | $77,505,000 | $158,000 | $1,069,000 |
| Cash-out Refinancing | 7 | $1,515,000 | $216,000 | $265,000 | $91,000 | $155,000 |
| 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 | 522 | $75,000,000 | $143,000 | $10,005,000 | $129,000 | $1,022,000 |
| Not Provided | 212 | $108,100,000 | $509,000 | $77,505,000 | $142,000 | $1,069,000 |
| Hispanic | 50 | $6,070,000 | $121,000 | $575,000 | $129,000 | $866,000 |
| Asian | 22 | $4,010,000 | $182,000 | $355,000 | $293,000 | $2,540,000 |
| Not applicable | 11 | $2,185,000 | $198,000 | $475,000 | $0 | $0 |
| American Indian or Alaskan Native | 9 | $1,135,000 | $126,000 | $375,000 | $98,000 | $255,000 |
| Black or African American | 7 | $855,000 | $122,000 | $285,000 | $110,000 | $193,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $210,000 | $105,000 | $115,000 | $180,000 | $204,000 |
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) | 835 | $197,565,000 | $236,000 | $77,505,000 | $136,000 | $2,540,000 |
| 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 | 625 | $89,795,000 | $143,000 | $10,005,000 | $144,000 | $2,540,000 |
| Application Withdrawn By Applicant | 104 | $92,710,000 | $891,000 | $77,505,000 | $114,000 | $540,000 |
| Application Denied By Financial Institution | 79 | $10,145,000 | $128,000 | $505,000 | $102,000 | $787,000 |
| Application Approved But Not Accepted | 27 | $4,915,000 | $182,000 | $365,000 | $155,000 | $540,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 756 | $187,420,000 | $247,000 | $77,505,000 | $140,000 | $2,540,000 |
| Debt-To-Income Ratio | 24 | $2,880,000 | $120,000 | $335,000 | $79,000 | $168,000 |
| Credit History | 23 | $2,995,000 | $130,000 | $395,000 | $98,000 | $444,000 |
| Collateral | 20 | $2,120,000 | $106,000 | $385,000 | $136,000 | $787,000 |
| Other | 9 | $2,085,000 | $231,000 | $505,000 | $112,000 | $240,000 |
| Unverifiable Information | 1 | $15,000 | $15,000 | $15,000 | $42,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $5,000 | $5,000 | $5,000 | $25,000 | $25,000 |
| Mortgage Insurance Denied | 1 | $45,000 | $45,000 | $45,000 | $162,000 | $162,000 |
| 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 O Bee Credit Union'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 O Bee Credit Union'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 Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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