Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2023
In 2023, Olympia Federal Savings & Loan of Olympia, WA reported 352 mortgage applications totaling $120.0 million, down 45% from 2022. The average application was for $340,937, and applicants reported an average income of $160,281. 61% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Olympia-Tumwater, WA (220), Tacoma-Lakewood, WA (20) and Bremerton-Silverdale, WA (5) (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 | 352 |
| Total Mortgage Loan Application Amount | $120,010,000 |
| Average Mortgage Loan Application Amount | $340,937 |
| Highest Mortgage Loan Application Amount | $3,525,000 |
| Average Applicant Income | $160,281 |
| Highest Applicant Income | $2,640,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 220 | $ 69,830,000 | $ 317,409 | $ 158,000 |
| Mason, Washington | 56 | $ 15,770,000 | $ 281,607 | $ 122,000 |
| Grays Harbor, Washington | 20 | $ 7,030,000 | $ 351,500 | $ 156,000 |
| Pierce, Washington | 20 | $ 10,970,000 | $ 548,500 | $ 325,000 |
| Lewis, Washington | 16 | $ 6,990,000 | $ 436,875 | $ 150,000 |
| Kitsap, Washington | 5 | $ 1,665,000 | $ 333,000 | $ 134,000 |
| King, Washington | 4 | $ 1,850,000 | $ 462,500 | $ 213,000 |
| Clallam, Washington | 2 | $ 270,000 | $ 135,000 | $ 89,000 |
| Cowlitz, Washington | 2 | $ 3,260,000 | $ 1,630,000 | $ 112,000 |
| Jefferson, Washington | 1 | $ 505,000 | $ 505,000 | $ 150,000 |
| Snohomish, Washington | 1 | $ 315,000 | $ 315,000 | $ 92,000 |
| Walla Walla, Washington | 1 | $ 205,000 | $ 205,000 | $ 6,000 |
| Whatcom, Washington | 1 | $ 185,000 | $ 185,000 | $ 103,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2023
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 | 251 | $101,035,000 | $402,000 | $3,525,000 | $170,000 | $2,640,000 |
| Refinancing | 42 | $11,840,000 | $281,000 | $1,675,000 | $109,000 | $414,000 |
| Home Improvement | 34 | $4,740,000 | $139,000 | $515,000 | $169,000 | $661,000 |
| Other Purpose | 25 | $2,395,000 | $95,000 | $405,000 | $137,000 | $1,005,000 |
| 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 | 251 | $80,005,000 | $318,000 | $1,825,000 | $153,000 | $2,640,000 |
| Not Provided | 57 | $25,485,000 | $447,000 | $3,525,000 | $219,000 | $2,541,000 |
| Hispanic | 15 | $2,855,000 | $190,000 | $405,000 | $90,000 | $257,000 |
| Not applicable | 10 | $4,650,000 | $465,000 | $2,955,000 | $0 | $0 |
| Asian | 9 | $3,365,000 | $373,000 | $745,000 | $134,000 | $300,000 |
| American Indian or Alaskan Native | 5 | $1,885,000 | $377,000 | $705,000 | $198,000 | $610,000 |
| Black or African American | 4 | $1,330,000 | $332,000 | $785,000 | $103,000 | $214,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $435,000 | $435,000 | $435,000 | $84,000 | $84,000 |
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) | 352 | $120,010,000 | $340,000 | $3,525,000 | $161,000 | $2,640,000 |
| 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 | 213 | $74,255,000 | $348,000 | $3,525,000 | $165,000 | $2,541,000 |
| Application Withdrawn By Applicant | 73 | $23,265,000 | $318,000 | $905,000 | $166,000 | $2,640,000 |
| File Closed For Incompleteness | 31 | $12,435,000 | $401,000 | $1,125,000 | $175,000 | $610,000 |
| Application Denied By Financial Institution | 29 | $7,485,000 | $258,000 | $905,000 | $93,000 | $325,000 |
| Application Approved But Not Accepted | 6 | $2,570,000 | $428,000 | $945,000 | $190,000 | $361,000 |
| 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 | 323 | $112,525,000 | $348,000 | $3,525,000 | $167,000 | $2,640,000 |
| Debt-To-Income Ratio | 17 | $3,745,000 | $220,000 | $515,000 | $61,000 | $136,000 |
| Credit History | 5 | $1,565,000 | $313,000 | $505,000 | $120,000 | $195,000 |
| Collateral | 4 | $1,650,000 | $412,000 | $905,000 | $210,000 | $325,000 |
| Credit Application Incomplete | 1 | $255,000 | $255,000 | $255,000 | $0 | $0 |
| Other | 1 | $75,000 | $75,000 | $75,000 | $49,000 | $49,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $195,000 | $195,000 | $195,000 | $51,000 | $51,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Olympia Federal Savings & Loan's 2023 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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