Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2020
In 2020, Olympia Federal Savings & Loan of Olympia, WA reported 704 mortgage applications totaling $244.3 million, up 49% from 2019. The average application was for $346,974, and applicants reported an average income of $161,914. 79% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Olympia-Tumwater, WA (482), Tacoma-Lakewood, WA (29) and Bremerton-Silverdale, WA (12) (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 | 704 |
| Total Mortgage Loan Application Amount | $244,270,000 |
| Average Mortgage Loan Application Amount | $346,974 |
| Highest Mortgage Loan Application Amount | $13,925,000 |
| Average Applicant Income | $161,914 |
| Highest Applicant Income | $2,042,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 482 | $ 175,420,000 | $ 363,941 | $ 176,000 |
| Mason, Washington | 85 | $ 21,995,000 | $ 258,764 | $ 130,000 |
| Lewis, Washington | 45 | $ 15,705,000 | $ 349,000 | $ 133,000 |
| Grays Harbor, Washington | 44 | $ 13,140,000 | $ 298,636 | $ 124,000 |
| Pierce, Washington | 29 | $ 11,145,000 | $ 384,310 | $ 150,000 |
| Kitsap, Washington | 12 | $ 5,220,000 | $ 435,000 | $ 143,000 |
| Clallam, Washington | 2 | $ 430,000 | $ 215,000 | $ 39,000 |
| Snohomish, Washington | 2 | $ 470,000 | $ 235,000 | $ 143,000 |
| Cowlitz, Washington | 1 | $ 285,000 | $ 285,000 | $ 94,000 |
| King, Washington | 1 | $ 265,000 | $ 265,000 | $ 182,000 |
| Pacific, Washington | 1 | $ 195,000 | $ 195,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2020
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 | 365 | $136,155,000 | $373,000 | $2,305,000 | $167,000 | $1,480,000 |
| Refinancing | 309 | $103,195,000 | $333,000 | $13,925,000 | $157,000 | $2,042,000 |
| Other Purpose | 20 | $3,640,000 | $182,000 | $415,000 | $166,000 | $880,000 |
| Home Improvement | 10 | $1,280,000 | $128,000 | $485,000 | $120,000 | $190,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 515 | $164,255,000 | $318,000 | $1,405,000 | $156,000 | $2,042,000 |
| Not Provided | 107 | $34,015,000 | $317,000 | $955,000 | $197,000 | $1,075,000 |
| Not applicable | 39 | $33,395,000 | $856,000 | $13,925,000 | $0 | $0 |
| Asian | 14 | $4,490,000 | $320,000 | $765,000 | $161,000 | $409,000 |
| Hispanic | 12 | $3,640,000 | $303,000 | $505,000 | $116,000 | $201,000 |
| American Indian or Alaskan Native | 11 | $2,705,000 | $245,000 | $445,000 | $130,000 | $250,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $570,000 | $285,000 | $415,000 | $163,000 | $191,000 |
| 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) | 704 | $244,270,000 | $346,000 | $13,925,000 | $162,000 | $2,042,000 |
| 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 | 554 | $197,880,000 | $357,000 | $13,925,000 | $166,000 | $2,042,000 |
| Application Withdrawn By Applicant | 76 | $24,050,000 | $316,000 | $1,075,000 | $160,000 | $1,075,000 |
| Application Denied By Financial Institution | 43 | $11,325,000 | $263,000 | $625,000 | $99,000 | $564,000 |
| File Closed For Incompleteness | 22 | $7,580,000 | $344,000 | $1,405,000 | $185,000 | $880,000 |
| Application Approved But Not Accepted | 9 | $3,435,000 | $381,000 | $845,000 | $191,000 | $453,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 661 | $232,945,000 | $352,000 | $13,925,000 | $166,000 | $2,042,000 |
| Debt-To-Income Ratio | 17 | $4,495,000 | $264,000 | $625,000 | $68,000 | $159,000 |
| Credit History | 12 | $2,860,000 | $238,000 | $415,000 | $92,000 | $174,000 |
| Collateral | 8 | $2,240,000 | $280,000 | $475,000 | $173,000 | $564,000 |
| Employment History | 3 | $615,000 | $205,000 | $265,000 | $62,000 | $73,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,115,000 | $371,000 | $405,000 | $127,000 | $178,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2020 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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