Washington Federal S&L Mortgage Lending & HMDA Data, 2003
In 2003, Washington Federal S&L of Seattle, WA reported 8,601 mortgage applications totaling $1.6 billion. The average application was for $186,930, and applicants reported an average income of $70,656. 79% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (1,593), Phoenix-Mesa, AZ (793) and Salt Lake City-Ogden, UT (656) (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 | 8,601 |
| Total Mortgage Loan Application Amount | $1,607,791,000 |
| Average Mortgage Loan Application Amount | $186,930 |
| Highest Mortgage Loan Application Amount | $5,445,000 |
| Average Applicant Income | $70,656 |
| Highest Applicant Income | $1,400,000 |
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(HMDA) records Washington Federal S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Seattle-Bellevue-Everett, WA | 1,593 | $ 364,834,000 | $ 229,023 | $ 79,000 |
| Phoenix-Mesa, AZ | 793 | $ 125,766,000 | $ 158,595 | $ 57,000 |
| Salt Lake City-Ogden, UT | 656 | $ 115,898,000 | $ 176,673 | $ 71,000 |
| Portland-Vancouver, OR-WA | 568 | $ 162,614,000 | $ 286,292 | $ 83,000 |
| Salem, OR | 503 | $ 88,365,000 | $ 175,675 | $ 49,000 |
| Boise City, ID | 483 | $ 75,797,000 | $ 156,929 | $ 52,000 |
| Tucson, AZ | 445 | $ 72,071,000 | $ 161,957 | $ 56,000 |
| Tacoma, WA | 431 | $ 80,219,000 | $ 186,122 | $ 87,000 |
| Eugene-Springfield, OR | 270 | $ 44,312,000 | $ 164,118 | $ 53,000 |
| Olympia, WA | 208 | $ 34,728,000 | $ 166,961 | $ 79,000 |
| Bremerton, WA | 148 | $ 32,765,000 | $ 221,385 | $ 79,000 |
| Las Vegas, NV-AZ | 126 | $ 20,481,000 | $ 162,547 | $ 69,000 |
| Corvallis, OR | 119 | $ 22,989,000 | $ 193,184 | $ 59,000 |
| Bellingham, WA | 93 | $ 15,561,000 | $ 167,322 | $ 69,000 |
| Medford-Ashland, OR | 59 | $ 10,153,000 | $ 172,084 | $ 62,000 |
| Provo-Orem, UT | 57 | $ 9,414,000 | $ 165,157 | $ 64,000 |
| Pocatello, ID | 55 | $ 7,462,000 | $ 135,672 | $ 42,000 |
| Denver, CO | 13 | $ 3,762,000 | $ 289,384 | $ 49,000 |
| Dallas, TX | 8 | $ 2,252,000 | $ 281,500 | $ 149,000 |
| Fort Worth-Arlington, TX | 7 | $ 772,000 | $ 110,285 | $ 186,000 |
| Reno, NV | 6 | $ 2,204,000 | $ 367,333 | $ 0 |
| Colorado Springs, CO | 4 | $ 1,940,000 | $ 485,000 | $ 70,000 |
| Flagstaff, AZ-UT | 2 | $ 192,000 | $ 96,000 | $ 49,000 |
| Spokane, WA | 2 | $ 252,000 | $ 126,000 | $ 216,000 |
| Austin-San Marcos, TX | 1 | $ 387,000 | $ 387,000 | $ 116,000 |
| Boulder-Longmont, CO | 1 | $ 523,000 | $ 523,000 | $ 0 |
| Pueblo, CO | 1 | $ 102,000 | $ 102,000 | $ 0 |
| Sherman-Denison, TX | 1 | $ 290,000 | $ 290,000 | $ 0 |
Mortgage Loan Application Detail Totals for Washington Federal S&L in 2003
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 (one-to-four family) | 4,171 | $815,970,000 | $176,625 | $1,900,000 | $72,000 | $939,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 4,064 | $611,249,000 | $169,125 | $1,750,000 | $83,375 | $1,400,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 296 | $177,997,000 | $542,000 | $5,445,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 70 | $2,575,000 | $33,200 | $350,000 | $71,200 | $430,000 |
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 | 6,967 | $1,250,014,000 | $206,000 | $2,500,000 | $80,250 | $1,400,000 |
| Not applicable | 604 | $172,304,000 | $247,875 | $5,445,000 | $0 | $0 |
| Asian or Pacific Islander | 457 | $87,772,000 | $256,142 | $1,200,000 | $86,142 | $835,000 |
| Hispanic | 270 | $36,700,000 | $182,750 | $1,200,000 | $90,750 | $515,000 |
| Information not provided by applicant in mail or telephone application | 159 | $35,339,000 | $165,857 | $2,520,000 | $74,285 | $500,000 |
| Black | 109 | $20,817,000 | $170,666 | $700,000 | $71,166 | $204,000 |
| American Indian or Alaskan Native | 33 | $4,673,000 | $141,800 | $600,000 | $64,600 | $156,000 |
| Other | 2 | $172,000 | $86,000 | $120,000 | $38,500 | $53,000 |
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) | 8,584 | $1,605,959,000 | $200,375 | $5,445,000 | $72,750 | $1,400,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,045,000 | $116,000 | $193,000 | $52,000 | $83,000 |
| FHA-insured (Federal Housing Administration) | 8 | $787,000 | $98,000 | $130,000 | $45,000 | $79,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 6,763 | $1,266,274,000 | $208,875 | $5,445,000 | $61,125 | $1,400,000 |
| Application Withdrawn By Applicant | 1,068 | $193,730,000 | $180,714 | $1,100,000 | $69,857 | $708,000 |
| Application Denied By Financial Institution | 407 | $76,875,000 | $174,285 | $980,000 | $81,428 | $650,000 |
| File Closed For Incompleteness | 176 | $30,950,000 | $223,142 | $750,000 | $132,285 | $629,000 |
| Application Approved But Not Accepted | 169 | $36,770,000 | $201,000 | $1,500,000 | $60,333 | $950,000 |
| Loan Purchased By The Institution | 18 | $3,192,000 | $154,666 | $190,000 | $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 | 150 | $30,129,000 | $189,000 | $975,000 | $53,833 | $208,000 |
| Credit History | 105 | $17,274,000 | $145,833 | $575,000 | $61,666 | $343,000 |
| Collateral | 75 | $13,434,000 | $162,833 | $675,000 | $92,333 | $355,000 |
| Other | 44 | $9,834,000 | $191,857 | $980,000 | $104,428 | $650,000 |
| Employment History | 12 | $2,104,000 | $177,666 | $405,000 | $50,333 | $93,000 |
| Unverifiable Information | 10 | $1,344,000 | $124,666 | $301,000 | $77,666 | $136,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $2,388,000 | $270,800 | $575,000 | $103,200 | $247,000 |
| Credit Application Incomplete | 2 | $368,000 | $184,000 | $240,000 | $104,000 | $130,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Washington Federal S&L's 2003 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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