Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2017
In 2017, Olympia Federal Savings & Loan of Olympia, WA reported 674 mortgage applications totaling $197.6 million, up 31% from 2016. The average application was for $293,173, and applicants reported an average income of $124,551. 67% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Olympia-Tumwater, WA (462), Tacoma-Lakewood, WA (43) and Bremerton-Silverdale, WA (17) (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 | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 |
| Total Number of Mortgage Applications | 674 |
| Total Mortgage Loan Application Amount | $197,599,000 |
| Average Mortgage Loan Application Amount | $293,173 |
| Highest Mortgage Loan Application Amount | $10,800,000 |
| Average Applicant Income | $124,551 |
| Highest Applicant Income | $2,450,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 462 | $ 143,751,000 | $ 311,149 | $ 135,000 |
| Mason, Washington | 93 | $ 21,015,000 | $ 225,967 | $ 104,000 |
| Pierce, Washington | 43 | $ 13,940,000 | $ 324,186 | $ 110,000 |
| Lewis, Washington | 34 | $ 7,448,000 | $ 219,058 | $ 85,000 |
| Grays Harbor, Washington | 24 | $ 5,454,000 | $ 227,250 | $ 109,000 |
| Kitsap, Washington | 17 | $ 5,666,000 | $ 333,294 | $ 87,000 |
| Pacific, Washington | 1 | $ 325,000 | $ 325,000 | $ 131,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2017
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 | 485 | $154,311,000 | $318,000 | $10,800,000 | $135,000 | $2,450,000 |
| Refinancing | 119 | $29,630,000 | $248,000 | $2,633,000 | $87,000 | $327,000 |
| Home Improvement | 70 | $13,658,000 | $195,000 | $975,000 | $116,000 | $489,000 |
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 | 540 | $146,522,000 | $271,000 | $870,000 | $135,000 | $2,450,000 |
| Not Provided | 38 | $11,234,000 | $295,000 | $560,000 | $110,000 | $223,000 |
| Not applicable | 35 | $24,915,000 | $711,000 | $10,800,000 | $0 | $0 |
| Asian | 25 | $7,348,000 | $293,000 | $618,000 | $150,000 | $468,000 |
| Hispanic | 18 | $3,725,000 | $206,000 | $542,000 | $94,000 | $287,000 |
| American Indian or Alaskan Native | 9 | $2,381,000 | $264,000 | $504,000 | $107,000 | $179,000 |
| Black or African American | 5 | $959,000 | $191,000 | $260,000 | $53,000 | $95,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $515,000 | $128,000 | $153,000 | $75,000 | $106,000 |
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) | 674 | $197,599,000 | $293,000 | $10,800,000 | $124,000 | $2,450,000 |
| 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 | 453 | $137,326,000 | $303,000 | $10,800,000 | $115,000 | $491,000 |
| Application Withdrawn By Applicant | 152 | $44,161,000 | $290,000 | $850,000 | $167,000 | $2,450,000 |
| Application Denied By Financial Institution | 50 | $11,921,000 | $238,000 | $975,000 | $94,000 | $299,000 |
| Application Approved But Not Accepted | 13 | $2,429,000 | $186,000 | $450,000 | $98,000 | $282,000 |
| File Closed For Incompleteness | 6 | $1,762,000 | $293,000 | $400,000 | $91,000 | $144,000 |
| 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 | 22 | $3,553,000 | $161,000 | $507,000 | $80,000 | $163,000 |
| Debt-To-Income Ratio | 18 | $4,202,000 | $233,000 | $666,000 | $101,000 | $247,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $2,394,000 | $598,000 | $975,000 | $129,000 | $281,000 |
| Collateral | 3 | $851,000 | $283,000 | $352,000 | $67,000 | $102,000 |
| Employment History | 2 | $271,000 | $135,000 | $200,000 | $62,000 | $81,000 |
| Unverifiable Information | 1 | $650,000 | $650,000 | $650,000 | $299,000 | $299,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 2017 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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