Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2011
In 2011, Olympia Federal Savings & Loan of Olympia, WA reported 244 mortgage applications totaling $48.5 million. The average application was for $198,897, and applicants reported an average income of $98,487. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Olympia, WA (212) and Tacoma, WA (2).
| 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 | 244 |
| Total Mortgage Loan Application Amount | $48,531,000 |
| Average Mortgage Loan Application Amount | $198,897 |
| Highest Mortgage Loan Application Amount | $3,360,000 |
| Average Applicant Income | $98,487 |
| Highest Applicant Income | $400,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2011
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 | 135 | $25,072,000 | $185,000 | $3,360,000 | $96,000 | $272,000 |
| Home Purchase | 95 | $21,945,000 | $231,000 | $2,760,000 | $99,000 | $400,000 |
| Home Improvement | 14 | $1,514,000 | $108,000 | $358,000 | $119,000 | $196,000 |
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 | 205 | $39,954,000 | $194,000 | $3,360,000 | $106,000 | $400,000 |
| Not applicable | 17 | $5,516,000 | $324,000 | $2,760,000 | $0 | $0 |
| Asian | 16 | $2,183,000 | $136,000 | $250,000 | $106,000 | $216,000 |
| Hispanic | 4 | $615,000 | $153,000 | $236,000 | $84,000 | $179,000 |
| Not Provided | 1 | $150,000 | $150,000 | $150,000 | $259,000 | $259,000 |
| American Indian or Alaskan Native | 1 | $113,000 | $113,000 | $113,000 | $117,000 | $117,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 244 | $48,531,000 | $198,000 | $3,360,000 | $99,000 | $400,000 |
| 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 | 192 | $38,229,000 | $199,000 | $3,360,000 | $95,000 | $373,000 |
| Application Withdrawn By Applicant | 29 | $6,285,000 | $216,000 | $625,000 | $110,000 | $259,000 |
| Application Denied By Financial Institution | 15 | $2,619,000 | $174,000 | $400,000 | $121,000 | $400,000 |
| File Closed For Incompleteness | 6 | $1,265,000 | $210,000 | $414,000 | $101,000 | $154,000 |
| Application Approved But Not Accepted | 2 | $133,000 | $66,000 | $83,000 | $69,000 | $110,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 9 | $1,596,000 | $177,000 | $400,000 | $101,000 | $222,000 |
| Collateral | 2 | $365,000 | $182,000 | $334,000 | $120,000 | $124,000 |
| Other | 2 | $283,000 | $141,000 | $144,000 | $80,000 | $100,000 |
| Unverifiable Information | 2 | $375,000 | $187,000 | $275,000 | $250,000 | $400,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Olympia Federal Savings & Loan's 2011 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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