Olympia Federal Savings & Loan Mortgage Lending & HMDA Data, 2021
In 2021, Olympia Federal Savings & Loan of Olympia, WA reported 667 mortgage applications totaling $254.0 million, down 5% from 2020. The average application was for $380,787, and applicants reported an average income of $166,691. 66% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Olympia-Tumwater, WA (382), Tacoma-Lakewood, WA (38) and Bremerton-Silverdale, WA (14) (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 | 667 |
| Total Mortgage Loan Application Amount | $253,985,000 |
| Average Mortgage Loan Application Amount | $380,787 |
| Highest Mortgage Loan Application Amount | $3,375,000 |
| Average Applicant Income | $166,691 |
| Highest Applicant Income | $3,448,000 |
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records Olympia Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 382 | $ 151,080,000 | $ 395,497 | $ 175,000 |
| Outside any metro area | 223 | $ 72,445,000 | $ 324,865 | $ 152,000 |
| Tacoma-Lakewood, WA | 38 | $ 17,050,000 | $ 448,684 | $ 202,000 |
| Bremerton-Silverdale, WA | 14 | $ 5,180,000 | $ 370,000 | $ 108,000 |
| Seattle-Bellevue-Everett, WA | 8 | $ 7,780,000 | $ 972,500 | $ 136,000 |
| Bellingham, WA | 1 | $ 355,000 | $ 355,000 | $ 116,000 |
| Longview, WA | 1 | $ 95,000 | $ 95,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for Olympia Federal Savings & Loan in 2021
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 | 391 | $160,295,000 | $409,000 | $2,005,000 | $175,000 | $3,448,000 |
| Refinancing | 237 | $83,805,000 | $353,000 | $3,375,000 | $147,000 | $647,000 |
| Home Improvement | 20 | $5,090,000 | $254,000 | $1,205,000 | $148,000 | $432,000 |
| Other Purpose | 19 | $4,795,000 | $252,000 | $1,335,000 | $261,000 | $1,603,000 |
| 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 | 459 | $163,065,000 | $355,000 | $1,485,000 | $150,000 | $1,236,000 |
| Not Provided | 132 | $49,740,000 | $376,000 | $1,335,000 | $234,000 | $3,448,000 |
| Not applicable | 28 | $24,180,000 | $863,000 | $3,375,000 | $0 | $0 |
| Hispanic | 18 | $6,550,000 | $363,000 | $815,000 | $108,000 | $195,000 |
| Asian | 14 | $4,550,000 | $325,000 | $645,000 | $173,000 | $509,000 |
| American Indian or Alaskan Native | 10 | $3,820,000 | $382,000 | $975,000 | $158,000 | $615,000 |
| Black or African American | 1 | $615,000 | $615,000 | $615,000 | $200,000 | $200,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $185,000 | $185,000 | $185,000 | $133,000 | $133,000 |
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) | 667 | $253,985,000 | $380,000 | $3,375,000 | $167,000 | $3,448,000 |
| 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 | 439 | $165,985,000 | $378,000 | $3,375,000 | $162,000 | $1,603,000 |
| Application Withdrawn By Applicant | 138 | $51,180,000 | $370,000 | $1,335,000 | $165,000 | $1,236,000 |
| Application Denied By Financial Institution | 45 | $14,255,000 | $316,000 | $965,000 | $120,000 | $509,000 |
| File Closed For Incompleteness | 33 | $12,925,000 | $391,000 | $1,485,000 | $286,000 | $3,448,000 |
| Application Approved But Not Accepted | 7 | $3,225,000 | $460,000 | $975,000 | $202,000 | $290,000 |
| Loan Purchased By The Institution | 5 | $6,415,000 | $1,283,000 | $1,495,000 | $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 | 622 | $239,730,000 | $385,000 | $3,375,000 | $170,000 | $3,448,000 |
| Debt-To-Income Ratio | 26 | $7,880,000 | $303,000 | $645,000 | $75,000 | $264,000 |
| Credit History | 9 | $2,335,000 | $259,000 | $555,000 | $120,000 | $186,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,745,000 | $581,000 | $965,000 | $232,000 | $461,000 |
| Employment History | 2 | $230,000 | $115,000 | $125,000 | $37,000 | $74,000 |
| Collateral | 2 | $740,000 | $370,000 | $645,000 | $409,000 | $509,000 |
| Mortgage Insurance Denied | 1 | $735,000 | $735,000 | $735,000 | $156,000 | $156,000 |
| Other | 1 | $355,000 | $355,000 | $355,000 | $410,000 | $410,000 |
| Unverifiable Information | 1 | $235,000 | $235,000 | $235,000 | $74,000 | $74,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Olympia Federal Savings & Loan's 2021 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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