Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2019
In 2019, Olympia Federal Savings & Loan of Olympia, WA reported 471 mortgage applications totaling $139.4 million, down 28% from 2018. The average application was for $295,955, and applicants reported an average income of $134,269. 71% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Olympia-Tumwater, WA (300), Tacoma-Lakewood, WA (29) 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 | 471 |
| Total Mortgage Loan Application Amount | $139,395,000 |
| Average Mortgage Loan Application Amount | $295,955 |
| Highest Mortgage Loan Application Amount | $1,765,000 |
| Average Applicant Income | $134,269 |
| Highest Applicant Income | $720,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 300 | $ 91,820,000 | $ 306,066 | $ 141,000 |
| Outside any metro area | 133 | $ 34,835,000 | $ 261,917 | $ 121,000 |
| Tacoma-Lakewood, WA | 29 | $ 9,435,000 | $ 325,344 | $ 138,000 |
| Bremerton-Silverdale, WA | 9 | $ 3,305,000 | $ 367,222 | $ 119,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2019
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 | 309 | $103,995,000 | $336,000 | $1,765,000 | $136,000 | $720,000 |
| Refinancing | 123 | $31,655,000 | $257,000 | $1,005,000 | $139,000 | $685,000 |
| Other Purpose | 23 | $2,055,000 | $89,000 | $275,000 | $104,000 | $428,000 |
| Home Improvement | 16 | $1,690,000 | $105,000 | $505,000 | $108,000 | $292,000 |
| 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 | 383 | $112,875,000 | $294,000 | $1,765,000 | $131,000 | $656,000 |
| Not applicable | 25 | $7,975,000 | $319,000 | $1,465,000 | $0 | $0 |
| Not Provided | 24 | $8,540,000 | $355,000 | $775,000 | $179,000 | $720,000 |
| Hispanic | 16 | $3,940,000 | $246,000 | $505,000 | $93,000 | $243,000 |
| Asian | 13 | $2,745,000 | $211,000 | $465,000 | $174,000 | $685,000 |
| American Indian or Alaskan Native | 5 | $1,285,000 | $257,000 | $405,000 | $114,000 | $198,000 |
| Black or African American | 4 | $1,870,000 | $467,000 | $635,000 | $221,000 | $379,000 |
| 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) | 471 | $139,395,000 | $295,000 | $1,765,000 | $134,000 | $720,000 |
| 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 | 335 | $99,805,000 | $297,000 | $1,765,000 | $133,000 | $656,000 |
| Application Withdrawn By Applicant | 74 | $22,890,000 | $309,000 | $1,005,000 | $141,000 | $720,000 |
| Application Denied By Financial Institution | 33 | $7,615,000 | $230,000 | $655,000 | $127,000 | $685,000 |
| File Closed For Incompleteness | 15 | $4,505,000 | $300,000 | $555,000 | $106,000 | $223,000 |
| Application Approved But Not Accepted | 14 | $4,580,000 | $327,000 | $1,075,000 | $168,000 | $510,000 |
| 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 | 438 | $131,780,000 | $300,000 | $1,765,000 | $135,000 | $720,000 |
| Collateral | 10 | $1,930,000 | $193,000 | $555,000 | $177,000 | $685,000 |
| Debt-To-Income Ratio | 10 | $2,240,000 | $224,000 | $435,000 | $104,000 | $379,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,690,000 | $422,000 | $655,000 | $151,000 | $265,000 |
| Credit History | 4 | $1,030,000 | $257,000 | $325,000 | $75,000 | $89,000 |
| Unverifiable Information | 2 | $200,000 | $100,000 | $125,000 | $110,000 | $169,000 |
| Other | 1 | $275,000 | $275,000 | $275,000 | $141,000 | $141,000 |
| Employment History | 1 | $45,000 | $45,000 | $45,000 | $58,000 | $58,000 |
| Credit Application Incomplete | 1 | $205,000 | $205,000 | $205,000 | $94,000 | $94,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Olympia Federal Savings & Loan's 2019 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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