Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2009
In 2009, Olympia Federal Savings & Loan of Olympia, WA reported 314 mortgage applications totaling $66.3 million, up 11% from 2008. The average application was for $211,254, and applicants reported an average income of $104,681. 88% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Olympia, WA (285), Bremerton-Silverdale, WA (3) and Tacoma, WA (1) (applications in parentheses).
| 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 | 314 |
| Total Mortgage Loan Application Amount | $66,334,000 |
| Average Mortgage Loan Application Amount | $211,254 |
| Highest Mortgage Loan Application Amount | $3,040,000 |
| Average Applicant Income | $104,681 |
| Highest Applicant Income | $611,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 200 | $36,943,000 | $184,000 | $655,000 | $95,000 | $379,000 |
| Home Purchase | 97 | $25,978,000 | $267,000 | $3,040,000 | $116,000 | $611,000 |
| Home Improvement | 17 | $3,413,000 | $200,000 | $627,000 | $154,000 | $549,000 |
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 | 283 | $60,403,000 | $213,000 | $3,040,000 | $107,000 | $594,000 |
| Hispanic | 11 | $2,224,000 | $202,000 | $290,000 | $145,000 | $611,000 |
| Not applicable | 9 | $1,715,000 | $190,000 | $275,000 | $0 | $0 |
| Asian | 6 | $1,077,000 | $179,000 | $320,000 | $102,000 | $151,000 |
| Black or African American | 2 | $387,000 | $193,000 | $290,000 | $167,000 | $168,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $328,000 | $164,000 | $185,000 | $48,000 | $58,000 |
| Not Provided | 1 | $200,000 | $200,000 | $200,000 | $130,000 | $130,000 |
| American Indian or Alaskan Native | 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) | 314 | $66,334,000 | $211,000 | $3,040,000 | $105,000 | $611,000 |
| 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 | 276 | $55,198,000 | $199,000 | $3,040,000 | $104,000 | $611,000 |
| Application Withdrawn By Applicant | 20 | $5,197,000 | $259,000 | $586,000 | $103,000 | $212,000 |
| Application Denied By Financial Institution | 15 | $4,506,000 | $300,000 | $670,000 | $108,000 | $549,000 |
| Application Approved But Not Accepted | 3 | $1,433,000 | $477,000 | $732,000 | $187,000 | $243,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 6 | $1,910,000 | $318,000 | $655,000 | $68,000 | $117,000 |
| Credit History | 5 | $1,304,000 | $260,000 | $670,000 | $88,000 | $168,000 |
| Debt-To-Income Ratio | 4 | $1,292,000 | $323,000 | $627,000 | $193,000 | $549,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2009 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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