Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2024
In 2024, Olympia Federal Savings & Loan of Olympia, WA reported 318 mortgage applications totaling $117.2 million, down 10% from 2023. The average application was for $368,490, and applicants reported an average income of $165,735. 58% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Olympia-Tumwater, WA (185), Tacoma-Lakewood, WA (17) and Bremerton-Silverdale, WA (9) (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 | 318 |
| Total Mortgage Loan Application Amount | $117,180,000 |
| Average Mortgage Loan Application Amount | $368,490 |
| Highest Mortgage Loan Application Amount | $1,625,000 |
| Average Applicant Income | $165,735 |
| Highest Applicant Income | $960,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 185 | $ 64,415,000 | $ 348,189 | $ 157,000 |
| Mason, Washington | 58 | $ 20,610,000 | $ 355,344 | $ 169,000 |
| Lewis, Washington | 21 | $ 9,535,000 | $ 454,047 | $ 168,000 |
| Pierce, Washington | 17 | $ 6,625,000 | $ 389,705 | $ 167,000 |
| Grays Harbor, Washington | 16 | $ 7,000,000 | $ 437,500 | $ 177,000 |
| Kitsap, Washington | 9 | $ 4,245,000 | $ 471,666 | $ 168,000 |
| Clallam, Washington | 5 | $ 2,455,000 | $ 491,000 | $ 278,000 |
| King, Washington | 5 | $ 1,955,000 | $ 391,000 | $ 318,000 |
| Cowlitz, Washington | 1 | $ 185,000 | $ 185,000 | $ 0 |
| Snohomish, Washington | 1 | $ 155,000 | $ 155,000 | $ 137,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2024
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 | 215 | $95,745,000 | $445,000 | $1,625,000 | $179,000 | $960,000 |
| Refinancing | 42 | $13,890,000 | $330,000 | $775,000 | $150,000 | $761,000 |
| Home Improvement | 35 | $3,765,000 | $107,000 | $325,000 | $149,000 | $605,000 |
| Other Purpose | 26 | $3,780,000 | $145,000 | $675,000 | $104,000 | $212,000 |
| 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 | 225 | $79,405,000 | $352,000 | $1,385,000 | $163,000 | $960,000 |
| Not Provided | 50 | $18,220,000 | $364,000 | $955,000 | $185,000 | $720,000 |
| Hispanic | 21 | $10,545,000 | $502,000 | $1,255,000 | $157,000 | $357,000 |
| Not applicable | 11 | $5,155,000 | $468,000 | $1,625,000 | $0 | $0 |
| Black or African American | 5 | $1,175,000 | $235,000 | $575,000 | $95,000 | $156,000 |
| Asian | 4 | $1,650,000 | $412,000 | $755,000 | $219,000 | $308,000 |
| American Indian or Alaskan Native | 2 | $1,030,000 | $515,000 | $605,000 | $151,000 | $176,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 318 | $117,180,000 | $368,000 | $1,625,000 | $166,000 | $960,000 |
| 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 | 186 | $70,430,000 | $378,000 | $1,625,000 | $176,000 | $761,000 |
| Application Withdrawn By Applicant | 69 | $25,435,000 | $368,000 | $885,000 | $162,000 | $624,000 |
| Application Denied By Financial Institution | 39 | $11,025,000 | $282,000 | $805,000 | $116,000 | $960,000 |
| File Closed For Incompleteness | 16 | $8,290,000 | $518,000 | $1,055,000 | $185,000 | $426,000 |
| Application Approved But Not Accepted | 8 | $2,000,000 | $250,000 | $395,000 | $176,000 | $266,000 |
| 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 | 279 | $106,155,000 | $380,000 | $1,625,000 | $173,000 | $761,000 |
| Debt-To-Income Ratio | 27 | $9,275,000 | $343,000 | $805,000 | $97,000 | $270,000 |
| Other | 5 | $625,000 | $125,000 | $255,000 | $88,000 | $218,000 |
| Credit History | 5 | $305,000 | $61,000 | $85,000 | $86,000 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $265,000 | $265,000 | $265,000 | $74,000 | $74,000 |
| Collateral | 1 | $555,000 | $555,000 | $555,000 | $960,000 | $960,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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 2024 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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