Washington Federal S&L Mortgage Lending & HMDA Data, 2008
In 2008, Washington Federal S&L of Seattle, WA reported 7,722 mortgage applications totaling $2.4 billion, up 13% from 2007. The average application was for $310,950, and applicants reported an average income of $159,680. 54% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (1,460), Portland-Vancouver-Beaverton, OR-WA (583) and Phoenix-Mesa-Scottsdale, AZ (481) (applications in parentheses).
| Mortgage Company & Address | Washington Federal S&L 425 Pike Street Seattle, WA 98101 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,722 |
| Total Mortgage Loan Application Amount | $2,401,160,000 |
| Average Mortgage Loan Application Amount | $310,950 |
| Highest Mortgage Loan Application Amount | $3,986,000 |
| Average Applicant Income | $159,680 |
| Highest Applicant Income | $8,640,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Washington Federal S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| King, Washington | 1,150 | $ 515,780,000 | $ 448,504 | $ 160,000 |
| Clark, Nevada | 432 | $ 120,584,000 | $ 279,129 | $ 228,000 |
| Maricopa, Arizona | 414 | $ 98,261,000 | $ 237,345 | $ 168,000 |
| Salt Lake, Utah | 413 | $ 128,473,000 | $ 311,072 | $ 114,000 |
| Pierce, Washington | 335 | $ 105,942,000 | $ 316,244 | $ 180,000 |
| Snohomish, Washington | 310 | $ 113,551,000 | $ 366,293 | $ 138,000 |
| Pima, Arizona | 223 | $ 60,081,000 | $ 269,421 | $ 119,000 |
| Ada, Idaho | 197 | $ 48,460,000 | $ 245,989 | $ 109,000 |
| Multnomah, Oregon | 190 | $ 81,524,000 | $ 429,073 | $ 160,000 |
| Lane, Oregon | 189 | $ 53,899,000 | $ 285,179 | $ 112,000 |
| Thurston, Washington | 162 | $ 46,319,000 | $ 285,919 | $ 148,000 |
| Bernalillo, New Mexico | 155 | $ 38,078,000 | $ 245,664 | $ 99,000 |
| Skagit, Washington | 155 | $ 36,308,000 | $ 234,245 | $ 89,000 |
| Kitsap, Washington | 139 | $ 56,569,000 | $ 406,971 | $ 145,000 |
| Washington, Oregon | 127 | $ 43,742,000 | $ 344,425 | $ 124,000 |
| Marion, Oregon | 124 | $ 36,790,000 | $ 296,693 | $ 197,000 |
| Whatcom, Washington | 121 | $ 33,771,000 | $ 279,099 | $ 128,000 |
| Clackamas, Oregon | 118 | $ 52,420,000 | $ 444,237 | $ 619,000 |
| Clallam, Washington | 116 | $ 32,180,000 | $ 277,413 | $ 78,000 |
| Deschutes, Oregon | 114 | $ 41,080,000 | $ 360,350 | $ 174,000 |
| Island, Washington | 113 | $ 37,032,000 | $ 327,716 | $ 100,000 |
| Davis, Utah | 100 | $ 27,239,000 | $ 272,390 | $ 81,000 |
| Utah, Utah | 99 | $ 31,722,000 | $ 320,424 | $ 126,000 |
| Chaves, New Mexico | 96 | $ 4,530,000 | $ 47,187 | $ 52,000 |
| Clark, Washington | 93 | $ 33,281,000 | $ 357,860 | $ 845,000 |
| McKinley, New Mexico | 75 | $ 8,195,000 | $ 109,266 | $ 67,000 |
| Dona Ana, New Mexico | 73 | $ 16,571,000 | $ 227,000 | $ 85,000 |
| Polk, Oregon | 68 | $ 18,096,000 | $ 266,117 | $ 143,000 |
| Cache, Utah | 68 | $ 13,988,000 | $ 205,705 | $ 88,000 |
| Pinal, Arizona | 67 | $ 9,024,000 | $ 134,686 | $ 105,000 |
| Linn, Oregon | 67 | $ 17,040,000 | $ 254,328 | $ 95,000 |
| Canyon, Idaho | 66 | $ 11,857,000 | $ 179,651 | $ 89,000 |
| Dallas, Texas | 64 | $ 25,089,000 | $ 392,015 | $ 176,000 |
| San Juan, Washington | 63 | $ 23,594,000 | $ 374,507 | $ 236,000 |
| Lewis, Washington | 57 | $ 10,907,000 | $ 191,350 | $ 69,000 |
| Benton, Oregon | 56 | $ 17,932,000 | $ 320,214 | $ 106,000 |
| Lincoln, Oregon | 54 | $ 15,259,000 | $ 282,574 | $ 115,000 |
| Jackson, Oregon | 49 | $ 14,580,000 | $ 297,551 | $ 97,000 |
| Weber, Utah | 46 | $ 15,162,000 | $ 329,608 | $ 165,000 |
| Lincoln, New Mexico | 45 | $ 6,412,000 | $ 142,488 | $ 79,000 |
| Klamath, Oregon | 44 | $ 8,562,000 | $ 194,590 | $ 110,000 |
| Sandoval, New Mexico | 38 | $ 13,025,000 | $ 342,763 | $ 132,000 |
| Denton, Texas | 36 | $ 12,705,000 | $ 352,916 | $ 174,000 |
| Bingham, Idaho | 35 | $ 6,357,000 | $ 181,628 | $ 97,000 |
| Twin Falls, Idaho | 34 | $ 5,778,000 | $ 169,941 | $ 106,000 |
| Summit, Utah | 34 | $ 18,046,000 | $ 530,764 | $ 362,000 |
| Yamhill, Oregon | 31 | $ 11,139,000 | $ 359,322 | $ 444,000 |
| Box Elder, Utah | 31 | $ 6,852,000 | $ 221,032 | $ 93,000 |
| Mason, Washington | 31 | $ 7,664,000 | $ 247,225 | $ 111,000 |
| San Juan, New Mexico | 30 | $ 5,501,000 | $ 183,366 | $ 80,000 |
| Bannock, Idaho | 29 | $ 5,107,000 | $ 176,103 | $ 73,000 |
| Bonneville, Idaho | 29 | $ 5,170,000 | $ 178,275 | $ 337,000 |
| Jefferson, Washington | 28 | $ 8,895,000 | $ 317,678 | $ 109,000 |
| Collin, Texas | 27 | $ 11,470,000 | $ 424,814 | $ 454,000 |
| Madison, Idaho | 26 | $ 8,197,000 | $ 315,269 | $ 130,000 |
| Valley, Idaho | 26 | $ 7,302,000 | $ 280,846 | $ 137,000 |
| Santa Fe, New Mexico | 24 | $ 6,859,000 | $ 285,791 | $ 134,000 |
| Carbon, Utah | 23 | $ 4,145,000 | $ 180,217 | $ 82,000 |
| Tarrant, Texas | 22 | $ 11,116,000 | $ 505,272 | $ 227,000 |
| Wasatch, Utah | 22 | $ 11,171,000 | $ 507,772 | $ 365,000 |
| Jerome, Idaho | 21 | $ 2,754,000 | $ 131,142 | $ 57,000 |
| Kittitas, Washington | 21 | $ 7,638,000 | $ 363,714 | $ 213,000 |
| Tooele, Utah | 20 | $ 4,885,000 | $ 244,250 | $ 93,000 |
| Douglas, Oregon | 19 | $ 4,307,000 | $ 226,684 | $ 65,000 |
| Coos, Oregon | 18 | $ 4,369,000 | $ 242,722 | $ 108,000 |
| Josephine, Oregon | 18 | $ 6,411,000 | $ 356,166 | $ 93,000 |
| Yavapai, Arizona | 17 | $ 2,910,000 | $ 171,176 | $ 87,000 |
| Rich, Utah | 17 | $ 4,084,000 | $ 240,235 | $ 301,000 |
| Crook, Oregon | 16 | $ 3,580,000 | $ 223,750 | $ 48,000 |
| Columbia, Oregon | 15 | $ 3,968,000 | $ 264,533 | $ 676,000 |
| Cowlitz, Washington | 15 | $ 4,436,000 | $ 295,733 | $ 94,000 |
| Santa Cruz, Arizona | 14 | $ 3,108,000 | $ 222,000 | $ 133,000 |
| Fremont, Idaho | 14 | $ 3,161,000 | $ 225,785 | $ 246,000 |
| Hood River, Oregon | 14 | $ 4,019,000 | $ 287,071 | $ 107,000 |
| Washington, Utah | 14 | $ 4,067,000 | $ 290,500 | $ 379,000 |
| Valencia, New Mexico | 12 | $ 2,965,000 | $ 247,083 | $ 84,000 |
| Jefferson, Oregon | 12 | $ 2,845,000 | $ 237,083 | $ 86,000 |
| Boise, Idaho | 11 | $ 3,069,000 | $ 279,000 | $ 114,000 |
| Otero, New Mexico | 11 | $ 1,407,000 | $ 127,909 | $ 83,000 |
| El Paso, Texas | 11 | $ 1,942,000 | $ 176,545 | $ 74,000 |
| Emery, Utah | 11 | $ 1,998,000 | $ 181,636 | $ 70,000 |
| Gem, Idaho | 10 | $ 1,752,000 | $ 175,200 | $ 56,000 |
| Wasco, Oregon | 10 | $ 2,133,000 | $ 213,300 | $ 72,000 |
| Rockwall, Texas | 9 | $ 3,684,000 | $ 409,333 | $ 218,000 |
| Klickitat, Washington | 9 | $ 1,812,000 | $ 201,333 | $ 71,000 |
| Skamania, Washington | 9 | $ 3,170,000 | $ 352,222 | $ 94,000 |
| Grays Harbor, Washington | 8 | $ 2,123,000 | $ 265,375 | $ 83,000 |
| Jefferson, Idaho | 7 | $ 1,839,000 | $ 262,714 | $ 139,000 |
| Nye, Nevada | 7 | $ 1,373,000 | $ 196,142 | $ 59,000 |
| Eddy, New Mexico | 7 | $ 320,000 | $ 45,714 | $ 29,000 |
| Tillamook, Oregon | 7 | $ 2,638,000 | $ 376,857 | $ 125,000 |
| Mohave, Arizona | 6 | $ 713,000 | $ 118,833 | $ 81,000 |
| Gooding, Idaho | 6 | $ 901,000 | $ 150,166 | $ 70,000 |
| Payette, Idaho | 6 | $ 1,001,000 | $ 166,833 | $ 202,000 |
| Cibola, New Mexico | 6 | $ 459,000 | $ 76,500 | $ 34,000 |
| Gila, Arizona | 5 | $ 998,000 | $ 199,600 | $ 139,000 |
| Bear Lake, Idaho | 5 | $ 928,000 | $ 185,600 | $ 63,000 |
| Owyhee, Idaho | 5 | $ 1,050,000 | $ 210,000 | $ 32,000 |
| Grant, New Mexico | 5 | $ 942,000 | $ 188,400 | $ 57,000 |
| Lea, New Mexico | 5 | $ 906,000 | $ 181,200 | $ 347,000 |
| Blaine, Idaho | 4 | $ 3,023,000 | $ 755,750 | $ 353,000 |
| Teton, Idaho | 4 | $ 1,120,000 | $ 280,000 | $ 196,000 |
| Morgan, Utah | 4 | $ 2,470,000 | $ 617,500 | $ 397,000 |
| Washington, Idaho | 3 | $ 374,000 | $ 124,666 | $ 168,000 |
| San Miguel, New Mexico | 3 | $ 828,000 | $ 276,000 | $ 80,000 |
| Cooke, Texas | 3 | $ 855,000 | $ 285,000 | $ 62,000 |
| Coconino, Arizona | 2 | $ 586,000 | $ 293,000 | $ 117,000 |
| Navajo, Arizona | 2 | $ 344,000 | $ 172,000 | $ 56,000 |
| Adams, Idaho | 2 | $ 570,000 | $ 285,000 | $ 104,000 |
| Elmore, Idaho | 2 | $ 398,000 | $ 199,000 | $ 68,000 |
| Curry, New Mexico | 2 | $ 225,000 | $ 112,500 | $ 98,000 |
| Roosevelt, New Mexico | 2 | $ 227,000 | $ 113,500 | $ 98,000 |
| Hunt, Texas | 2 | $ 294,000 | $ 147,000 | $ 72,000 |
| Iron, Utah | 2 | $ 444,000 | $ 222,000 | $ 111,000 |
| Pacific, Washington | 2 | $ 386,000 | $ 193,000 | $ 74,000 |
| Apache, Arizona | 1 | $ 160,000 | $ 160,000 | $ 83,000 |
| Cochise, Arizona | 1 | $ 360,000 | $ 360,000 | $ 115,000 |
| Boulder, Colorado | 1 | $ 223,000 | $ 223,000 | $ 44,000 |
| Butte, Idaho | 1 | $ 165,000 | $ 165,000 | $ 117,000 |
| Franklin, Idaho | 1 | $ 134,000 | $ 134,000 | $ 106,000 |
| Idaho, Idaho | 1 | $ 230,000 | $ 230,000 | $ 121,000 |
| Lincoln, Idaho | 1 | $ 119,000 | $ 119,000 | $ 110,000 |
| Oneida, Idaho | 1 | $ 276,000 | $ 276,000 | $ 75,000 |
| Gallatin, Montana | 1 | $ 240,000 | $ 240,000 | $ 0 |
| Washoe, Nevada | 1 | $ 398,000 | $ 398,000 | $ 0 |
| Luna, New Mexico | 1 | $ 15,000 | $ 15,000 | $ 32,000 |
| Rio Arriba, New Mexico | 1 | $ 229,000 | $ 229,000 | $ 58,000 |
| Socorro, New Mexico | 1 | $ 163,000 | $ 163,000 | $ 52,000 |
| Taos, New Mexico | 1 | $ 394,000 | $ 394,000 | $ 119,000 |
| Clatsop, Oregon | 1 | $ 125,000 | $ 125,000 | $ 43,000 |
| Ellis, Texas | 1 | $ 496,000 | $ 496,000 | $ 104,000 |
| Grayson, Texas | 1 | $ 219,000 | $ 219,000 | $ 171,000 |
| Wise, Texas | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Duchesne, Utah | 1 | $ 305,000 | $ 305,000 | $ 107,000 |
| Sevier, Utah | 1 | $ 152,000 | $ 152,000 | $ 65,000 |
| Uintah, Utah | 1 | $ 252,000 | $ 252,000 | $ 139,000 |
| Grant, Washington | 1 | $ 320,000 | $ 320,000 | $ 102,000 |
| Spokane, Washington | 1 | $ 262,000 | $ 262,000 | $ 92,000 |
| Yakima, Washington | 1 | $ 50,000 | $ 50,000 | $ 50,000 |
Mortgage Loan Application Detail Totals for Washington Federal S&L in 2008
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 | 4,319 | $1,379,742,000 | $319,000 | $3,986,000 | $164,000 | $8,640,000 |
| Refinancing | 2,983 | $892,737,000 | $299,000 | $2,755,000 | $160,000 | $8,528,000 |
| Home Improvement | 420 | $128,681,000 | $306,000 | $2,995,000 | $113,000 | $1,063,000 |
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 | 6,053 | $1,880,740,000 | $310,000 | $2,995,000 | $174,000 | $8,528,000 |
| Hispanic | 483 | $110,408,000 | $228,000 | $2,786,000 | $91,000 | $1,223,000 |
| Not applicable | 358 | $130,846,000 | $365,000 | $3,986,000 | $0 | $0 |
| Not Provided | 349 | $128,542,000 | $368,000 | $3,656,000 | $183,000 | $2,387,000 |
| Asian | 316 | $102,269,000 | $323,000 | $1,387,000 | $134,000 | $1,767,000 |
| Black or African American | 95 | $31,374,000 | $330,000 | $2,286,000 | $211,000 | $8,640,000 |
| Native Hawaiian or Other Pacific Islander | 36 | $7,950,000 | $220,000 | $600,000 | $131,000 | $840,000 |
| American Indian or Alaskan Native | 32 | $9,031,000 | $282,000 | $1,365,000 | $93,000 | $598,000 |
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) | 7,701 | $2,398,467,000 | $311,000 | $3,986,000 | $160,000 | $8,640,000 |
| FHA-insured (Federal Housing Administration) | 9 | $871,000 | $96,000 | $159,000 | $47,000 | $92,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,450,000 | $161,000 | $220,000 | $69,000 | $95,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $372,000 | $124,000 | $137,000 | $38,000 | $41,000 |
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 | 4,168 | $1,185,028,000 | $284,000 | $3,986,000 | $143,000 | $8,640,000 |
| Application Denied By Financial Institution | 1,707 | $597,880,000 | $350,000 | $2,500,000 | $145,000 | $8,400,000 |
| Application Withdrawn By Applicant | 740 | $231,919,000 | $313,000 | $2,786,000 | $280,000 | $6,239,000 |
| File Closed For Incompleteness | 439 | $165,246,000 | $376,000 | $3,656,000 | $158,000 | $6,336,000 |
| Application Approved But Not Accepted | 293 | $99,307,000 | $338,000 | $1,000,000 | $217,000 | $4,830,000 |
| Preapproval Approved but not Accepted | 193 | $66,569,000 | $344,000 | $1,500,000 | $166,000 | $1,551,000 |
| Preapproval Denied by Financial Institution | 182 | $55,211,000 | $303,000 | $1,685,000 | $97,000 | $668,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 891 | $349,842,000 | $392,000 | $2,188,000 | $98,000 | $1,526,000 |
| Other | 306 | $100,646,000 | $328,000 | $1,800,000 | $251,000 | $5,202,000 |
| Credit History | 281 | $76,080,000 | $270,000 | $2,500,000 | $86,000 | $999,000 |
| Collateral | 242 | $71,594,000 | $295,000 | $1,820,000 | $182,000 | $2,228,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 89 | $31,495,000 | $353,000 | $1,500,000 | $214,000 | $8,400,000 |
| Employment History | 35 | $9,810,000 | $280,000 | $695,000 | $94,000 | $327,000 |
| Unverifiable Information | 29 | $9,406,000 | $324,000 | $900,000 | $344,000 | $2,099,000 |
| Credit Application Incomplete | 10 | $3,011,000 | $301,000 | $600,000 | $91,000 | $180,000 |
| Mortgage Insurance Denied | 6 | $1,207,000 | $201,000 | $326,000 | $72,000 | $152,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Washington Federal S&L's 2008 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 Washington Federal S&L'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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