Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2012
In 2012, Olympia Federal Savings & Loan of Olympia, WA reported 371 mortgage applications totaling $70.0 million, up 52% from 2011. The average application was for $188,695, and applicants reported an average income of $106,223. 79% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Olympia, WA (312), Tacoma, WA (4) and Bremerton-Silverdale, WA (1) (applications in parentheses).
| Mortgage Company & Address | Olympia Federal Savings & Loan 421 Capital Way S Olympia, WA 98501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 |
| Total Number of Mortgage Applications | 371 |
| Total Mortgage Loan Application Amount | $70,006,000 |
| Average Mortgage Loan Application Amount | $188,695 |
| Highest Mortgage Loan Application Amount | $3,424,000 |
| Average Applicant Income | $106,223 |
| Highest Applicant Income | $376,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 312 | $ 59,487,000 | $ 190,663 | $ 108,000 |
| Mason, Washington | 43 | $ 7,416,000 | $ 172,465 | $ 88,000 |
| Grays Harbor, Washington | 7 | $ 840,000 | $ 120,000 | $ 92,000 |
| Lewis, Washington | 4 | $ 635,000 | $ 158,750 | $ 79,000 |
| Pierce, Washington | 4 | $ 1,322,000 | $ 330,500 | $ 179,000 |
| Kitsap, Washington | 1 | $ 306,000 | $ 306,000 | $ 147,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2012
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 | 225 | $40,413,000 | $179,000 | $3,424,000 | $106,000 | $376,000 |
| Home Purchase | 117 | $25,007,000 | $213,000 | $555,000 | $102,000 | $333,000 |
| Home Improvement | 29 | $4,586,000 | $158,000 | $417,000 | $125,000 | $278,000 |
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 | 313 | $57,649,000 | $184,000 | $562,000 | $117,000 | $376,000 |
| Not applicable | 30 | $7,793,000 | $259,000 | $3,424,000 | $0 | $0 |
| Asian | 10 | $1,272,000 | $127,000 | $270,000 | $81,000 | $152,000 |
| Not Provided | 7 | $1,304,000 | $186,000 | $363,000 | $125,000 | $360,000 |
| Hispanic | 5 | $649,000 | $129,000 | $231,000 | $81,000 | $137,000 |
| Black or African American | 3 | $833,000 | $277,000 | $321,000 | $92,000 | $109,000 |
| American Indian or Alaskan Native | 2 | $385,000 | $192,000 | $200,000 | $134,000 | $134,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $121,000 | $121,000 | $121,000 | $49,000 | $49,000 |
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) | 371 | $70,006,000 | $188,000 | $3,424,000 | $106,000 | $376,000 |
| 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 | 294 | $54,431,000 | $185,000 | $3,424,000 | $102,000 | $376,000 |
| Application Withdrawn By Applicant | 44 | $9,396,000 | $213,000 | $500,000 | $118,000 | $333,000 |
| Application Denied By Financial Institution | 29 | $5,467,000 | $188,000 | $417,000 | $133,000 | $353,000 |
| Application Approved But Not Accepted | 3 | $592,000 | $197,000 | $226,000 | $94,000 | $105,000 |
| File Closed For Incompleteness | 1 | $120,000 | $120,000 | $120,000 | $37,000 | $37,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 16 | $2,876,000 | $179,000 | $300,000 | $119,000 | $160,000 |
| Credit History | 6 | $881,000 | $146,000 | $274,000 | $219,000 | $353,000 |
| Debt-To-Income Ratio | 4 | $1,030,000 | $257,000 | $417,000 | $77,000 | $85,000 |
| Collateral | 3 | $680,000 | $226,000 | $309,000 | $112,000 | $198,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Olympia Federal Savings & Loan's 2012 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 Olympia Federal Savings & Loan'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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