Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2016
In 2016, Olympia Federal Savings & Loan of Olympia, WA reported 514 mortgage applications totaling $130.3 million, up 18% from 2015. The average application was for $253,564, and applicants reported an average income of $110,608. 66% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Olympia-Tumwater, WA (367), Tacoma-Lakewood, WA (27) and Seattle-Bellevue-Everett, 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 | 514 |
| Total Mortgage Loan Application Amount | $130,332,000 |
| Average Mortgage Loan Application Amount | $253,564 |
| Highest Mortgage Loan Application Amount | $1,478,000 |
| Average Applicant Income | $110,608 |
| Highest Applicant Income | $556,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Olympia-Tumwater, WA | 367 | $ 90,020,000 | $ 245,286 | $ 118,000 |
| Tacoma-Lakewood, WA | 27 | $ 7,575,000 | $ 280,555 | $ 107,000 |
| Seattle-Bellevue-Everett, WA | 17 | $ 10,121,000 | $ 595,352 | $ 0 |
| Bremerton-Silverdale, WA | 11 | $ 2,946,000 | $ 267,818 | $ 102,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2016
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 | 345 | $96,670,000 | $280,000 | $904,000 | $117,000 | $556,000 |
| Refinancing | 98 | $22,450,000 | $229,000 | $1,478,000 | $90,000 | $388,000 |
| Home Improvement | 71 | $11,212,000 | $157,000 | $680,000 | $108,000 | $466,000 |
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 | 426 | $108,636,000 | $255,000 | $1,478,000 | $120,000 | $556,000 |
| Not applicable | 36 | $8,928,000 | $248,000 | $769,000 | $0 | $0 |
| Asian | 16 | $3,638,000 | $227,000 | $400,000 | $97,000 | $200,000 |
| Hispanic | 14 | $4,041,000 | $288,000 | $559,000 | $136,000 | $397,000 |
| Not Provided | 13 | $2,736,000 | $210,000 | $522,000 | $103,000 | $223,000 |
| American Indian or Alaskan Native | 4 | $1,062,000 | $265,000 | $387,000 | $131,000 | $230,000 |
| Black or African American | 3 | $941,000 | $313,000 | $394,000 | $185,000 | $389,000 |
| Native Hawaiin or Other Pacific Islander | 2 | $350,000 | $175,000 | $175,000 | $79,000 | $89,000 |
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) | 514 | $130,332,000 | $253,000 | $1,478,000 | $111,000 | $556,000 |
| 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 | 338 | $83,381,000 | $246,000 | $850,000 | $118,000 | $556,000 |
| Application Withdrawn By Applicant | 125 | $29,299,000 | $234,000 | $850,000 | $112,000 | $466,000 |
| Application Denied By Financial Institution | 28 | $6,782,000 | $242,000 | $550,000 | $92,000 | $276,000 |
| Loan Purchased By The Institution | 17 | $10,121,000 | $595,000 | $1,478,000 | $0 | $0 |
| Application Approved But Not Accepted | 4 | $534,000 | $133,000 | $308,000 | $108,000 | $242,000 |
| File Closed For Incompleteness | 2 | $215,000 | $107,000 | $125,000 | $53,000 | $66,000 |
| 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 | 12 | $2,983,000 | $248,000 | $550,000 | $104,000 | $175,000 |
| Debt-To-Income Ratio | 10 | $2,565,000 | $256,000 | $404,000 | $68,000 | $150,000 |
| Employment History | 4 | $574,000 | $143,000 | $250,000 | $81,000 | $230,000 |
| Collateral | 2 | $660,000 | $330,000 | $536,000 | $160,000 | $276,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Olympia Federal Savings & Loan's 2016 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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