Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2003
In 2003, Olympia Federal Savings & Loan of Olympia, WA reported 821 mortgage applications totaling $120.8 million. The average application was for $147,144, and applicants reported an average income of $91,741. 94% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Olympia, WA (718) and Bremerton, WA (1).
| Mortgage Company & Address | Olympia Federal Savings & Loan 421 Capitol Way S Olympia, WA 98501 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 821 |
| Total Mortgage Loan Application Amount | $120,806,000 |
| Average Mortgage Loan Application Amount | $147,144 |
| Highest Mortgage Loan Application Amount | $866,000 |
| Average Applicant Income | $91,741 |
| Highest Applicant Income | $678,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Olympia, WA | 718 | $ 106,855,000 | $ 148,823 | $ 78,000 |
| Bremerton, WA | 1 | $ 190,000 | $ 190,000 | $ 152,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2003
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 (home purchase or home improvement, one-to-four family) | 560 | $74,209,000 | $132,000 | $866,000 | $102,000 | $678,000 |
| Home Purchase (one-to-four family) | 260 | $46,387,000 | $178,000 | $416,000 | $70,000 | $480,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1 | $210,000 | $210,000 | $210,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 771 | $113,869,000 | $147,000 | $866,000 | $76,000 | $560,000 |
| Not applicable | 25 | $3,547,000 | $141,000 | $274,000 | $160,000 | $678,000 |
| Asian or Pacific Islander | 10 | $1,205,000 | $120,000 | $227,000 | $73,000 | $111,000 |
| Hispanic | 8 | $1,180,000 | $147,000 | $300,000 | $60,000 | $99,000 |
| American Indian or Alaskan Native | 4 | $583,000 | $145,000 | $225,000 | $69,000 | $97,000 |
| Black | 2 | $290,000 | $145,000 | $165,000 | $46,000 | $52,000 |
| Other | 1 | $132,000 | $132,000 | $132,000 | $121,000 | $121,000 |
| Information not provided by applicant in mail or telephone application | 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) | 821 | $120,806,000 | $147,000 | $866,000 | $82,000 | $678,000 |
| 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 | 773 | $113,406,000 | $146,000 | $866,000 | $99,000 | $678,000 |
| Application Withdrawn By Applicant | 27 | $4,683,000 | $173,000 | $416,000 | $87,000 | $480,000 |
| Application Approved But Not Accepted | 8 | $878,000 | $109,000 | $132,000 | $77,000 | $376,000 |
| Application Denied By Financial Institution | 7 | $821,000 | $117,000 | $186,000 | $48,000 | $80,000 |
| Loan Purchased By The Institution | 4 | $870,000 | $217,000 | $274,000 | $0 | $0 |
| File Closed For Incompleteness | 2 | $148,000 | $74,000 | $83,000 | $36,000 | $41,000 |
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 | 5 | $579,000 | $115,000 | $186,000 | $56,000 | $80,000 |
| Debt-To-Income Ratio | 1 | $175,000 | $175,000 | $175,000 | $56,000 | $56,000 |
| Collateral | 1 | $67,000 | $67,000 | $67,000 | $24,000 | $24,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Olympia Federal Savings & Loan's 2003 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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