Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2004
In 2004, Olympia Federal Savings & Loan of Olympia, WA reported 386 mortgage applications totaling $67.9 million, down 53% from 2003. The average application was for $175,948, and applicants reported an average income of $58,316. 88% of its applications resulted in an originated loan and 2% were denied. Its largest market was Olympia, WA (353).
| 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 | 386 |
| Total Mortgage Loan Application Amount | $67,916,000 |
| Average Mortgage Loan Application Amount | $175,948 |
| Highest Mortgage Loan Application Amount | $661,000 |
| Average Applicant Income | $58,316 |
| 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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 353 | $ 62,927,000 | $ 178,263 | $ 57,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2004
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 Purchase | 226 | $43,259,000 | $191,000 | $661,000 | $55,000 | $376,000 |
| Refinancing | 160 | $24,657,000 | $154,000 | $614,000 | $63,000 | $279,000 |
| Home Improvement | 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 | 337 | $59,669,000 | $177,000 | $661,000 | $76,000 | $376,000 |
| Not applicable | 25 | $4,523,000 | $180,000 | $375,000 | $0 | $0 |
| Asian | 12 | $1,962,000 | $163,000 | $334,000 | $67,000 | $107,000 |
| Hispanic | 5 | $805,000 | $161,000 | $231,000 | $45,000 | $78,000 |
| Black or African American | 3 | $524,000 | $174,000 | $273,000 | $135,000 | $209,000 |
| American Indian or Alaskan Native | 3 | $373,000 | $124,000 | $176,000 | $56,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $60,000 | $60,000 | $60,000 | $19,000 | $19,000 |
| Not Provided | 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) | 386 | $67,916,000 | $175,000 | $661,000 | $58,000 | $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 | 340 | $60,473,000 | $177,000 | $661,000 | $72,000 | $376,000 |
| Loan Purchased By The Institution | 15 | $2,874,000 | $191,000 | $375,000 | $0 | $0 |
| Application Withdrawn By Applicant | 15 | $2,124,000 | $141,000 | $334,000 | $39,000 | $138,000 |
| Application Approved But Not Accepted | 7 | $1,115,000 | $159,000 | $300,000 | $64,000 | $223,000 |
| Application Denied By Financial Institution | 7 | $972,000 | $138,000 | $231,000 | $42,000 | $80,000 |
| File Closed For Incompleteness | 2 | $358,000 | $179,000 | $198,000 | $124,000 | $182,000 |
| 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 | 3 | $431,000 | $143,000 | $176,000 | $60,000 | $80,000 |
| Other | 2 | $343,000 | $171,000 | $231,000 | $58,000 | $78,000 |
| Unverifiable Information | 1 | $126,000 | $126,000 | $126,000 | $0 | $0 |
| Debt-To-Income Ratio | 1 | $72,000 | $72,000 | $72,000 | $3,000 | $3,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Olympia Federal Savings & Loan's 2004 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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