O Bee Credit Union Mortgage Lending & HMDA Data, 2023
In 2023, O Bee Credit Union of Lacey, WA reported 737 mortgage applications totaling $116.2 million, down 48% from 2022. The average application was for $157,686, and applicants reported an average income of $156,472. 63% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Olympia-Tumwater, WA (380), Tacoma-Lakewood, WA (159) and Seattle-Bellevue-Everett, WA (70) (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 | 737 |
| Total Mortgage Loan Application Amount | $116,215,000 |
| Average Mortgage Loan Application Amount | $157,686 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $156,472 |
| Highest Applicant Income | $1,849,000 |
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Act (HMDA) records O Bee Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 380 | $ 57,960,000 | $ 152,526 | $ 157,000 |
| Pierce, Washington | 159 | $ 25,235,000 | $ 158,710 | $ 158,000 |
| King, Washington | 54 | $ 11,440,000 | $ 211,851 | $ 206,000 |
| Lewis, Washington | 38 | $ 4,520,000 | $ 118,947 | $ 124,000 |
| Grays Harbor, Washington | 23 | $ 3,105,000 | $ 135,000 | $ 103,000 |
| Mason, Washington | 21 | $ 2,825,000 | $ 134,523 | $ 110,000 |
| Snohomish, Washington | 16 | $ 2,750,000 | $ 171,875 | $ 173,000 |
| Kitsap, Washington | 7 | $ 1,455,000 | $ 207,857 | $ 112,000 |
| Clallam, Washington | 6 | $ 890,000 | $ 148,333 | $ 274,000 |
| Clark, Washington | 5 | $ 1,295,000 | $ 259,000 | $ 149,000 |
| Benton, Washington | 4 | $ 690,000 | $ 172,500 | $ 126,000 |
| Okanogan, Washington | 4 | $ 510,000 | $ 127,500 | $ 221,000 |
| Whatcom, Washington | 3 | $ 475,000 | $ 158,333 | $ 132,000 |
| Island, Washington | 2 | $ 260,000 | $ 130,000 | $ 127,000 |
| Jefferson, Washington | 2 | $ 200,000 | $ 100,000 | $ 114,000 |
| Pacific, Washington | 2 | $ 150,000 | $ 75,000 | $ 41,000 |
| Skagit, Washington | 2 | $ 260,000 | $ 130,000 | $ 41,000 |
| Whitman, Washington | 2 | $ 210,000 | $ 105,000 | $ 172,000 |
| Bonner, Idaho | 1 | $ 145,000 | $ 145,000 | $ 100,000 |
| Cowlitz, Washington | 1 | $ 55,000 | $ 55,000 | $ 148,000 |
| Douglas, Washington | 1 | $ 275,000 | $ 275,000 | $ 302,000 |
| Grant, Washington | 1 | $ 705,000 | $ 705,000 | $ 484,000 |
| Spokane, Washington | 1 | $ 115,000 | $ 115,000 | $ 150,000 |
Mortgage Loan Application Detail Totals for O Bee Credit Union in 2023
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 Improvement | 270 | $29,780,000 | $110,000 | $505,000 | $144,000 | $870,000 |
| Other Purpose | 242 | $26,330,000 | $108,000 | $855,000 | $132,000 | $1,012,000 |
| Home Purchase | 133 | $39,675,000 | $298,000 | $1,105,000 | $216,000 | $1,280,000 |
| Refinancing | 60 | $11,850,000 | $197,000 | $2,005,000 | $154,000 | $1,849,000 |
| Cash-out Refinancing | 32 | $8,580,000 | $268,000 | $505,000 | $204,000 | $776,000 |
| 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 | 398 | $57,450,000 | $144,000 | $1,105,000 | $134,000 | $870,000 |
| Not Provided | 253 | $47,615,000 | $188,000 | $2,005,000 | $199,000 | $1,849,000 |
| Hispanic | 28 | $3,700,000 | $132,000 | $455,000 | $123,000 | $533,000 |
| Asian | 22 | $2,520,000 | $114,000 | $365,000 | $137,000 | $336,000 |
| American Indian or Alaskan Native | 14 | $1,670,000 | $119,000 | $405,000 | $83,000 | $148,000 |
| Black or African American | 10 | $960,000 | $96,000 | $315,000 | $162,000 | $278,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $295,000 | $98,000 | $105,000 | $108,000 | $125,000 |
| Not applicable | 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) | 737 | $116,215,000 | $157,000 | $2,005,000 | $156,000 | $1,849,000 |
| 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 | 461 | $73,195,000 | $158,000 | $2,005,000 | $176,000 | $1,849,000 |
| Application Denied By Financial Institution | 137 | $16,085,000 | $117,000 | $705,000 | $113,000 | $870,000 |
| Application Withdrawn By Applicant | 124 | $25,120,000 | $202,000 | $1,105,000 | $137,000 | $618,000 |
| Application Approved But Not Accepted | 14 | $1,740,000 | $124,000 | $325,000 | $124,000 | $257,000 |
| File Closed For Incompleteness | 1 | $75,000 | $75,000 | $75,000 | $71,000 | $71,000 |
| 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 | 600 | $100,130,000 | $166,000 | $2,005,000 | $166,000 | $1,849,000 |
| Debt-To-Income Ratio | 48 | $7,110,000 | $148,000 | $705,000 | $93,000 | $299,000 |
| Credit History | 44 | $3,420,000 | $77,000 | $395,000 | $91,000 | $273,000 |
| Collateral | 39 | $4,115,000 | $105,000 | $645,000 | $155,000 | $870,000 |
| Other | 5 | $935,000 | $187,000 | $355,000 | $144,000 | $218,000 |
| Unverifiable Information | 1 | $505,000 | $505,000 | $505,000 | $226,000 | $226,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into O Bee Credit Union's 2023 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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