Washington Federal S&L Mortgage Lending & HMDA Data, 2004
In 2004, Washington Federal S&L of Seattle, WA reported 7,705 mortgage applications totaling $1.6 billion, down 10% from 2003. The average application was for $202,126, and applicants reported an average income of $78,800. 78% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (1,033), Phoenix-Mesa-Scottsdale, AZ (738) and Portland-Vancouver-Beaverton, OR-WA (473) (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 | 7,705 |
| Total Mortgage Loan Application Amount | $1,557,388,000 |
| Average Mortgage Loan Application Amount | $202,126 |
| Highest Mortgage Loan Application Amount | $3,600,000 |
| Average Applicant Income | $78,800 |
| Highest Applicant Income | $9,546,000 |
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(HMDA) records Washington Federal S&L filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,033 | $ 281,159,000 | $ 272,177 | $ 85,000 |
| Phoenix-Mesa-Scottsdale, AZ | 738 | $ 115,776,000 | $ 156,878 | $ 66,000 |
| Portland-Vancouver-Beaverton, OR-WA | 473 | $ 121,589,000 | $ 257,059 | $ 114,000 |
| Salem, OR | 381 | $ 77,194,000 | $ 202,608 | $ 64,000 |
| Tacoma, WA | 359 | $ 82,217,000 | $ 229,016 | $ 92,000 |
| Salt Lake City, UT | 347 | $ 75,077,000 | $ 216,360 | $ 83,000 |
| Boise City-Nampa, ID | 329 | $ 61,151,000 | $ 185,869 | $ 70,000 |
| Tucson, AZ | 328 | $ 61,405,000 | $ 187,210 | $ 60,000 |
| Eugene-Springfield, OR | 296 | $ 56,010,000 | $ 189,222 | $ 54,000 |
| Mount Vernon-Anacortes, WA | 228 | $ 41,903,000 | $ 183,785 | $ 72,000 |
| Olympia, WA | 207 | $ 35,410,000 | $ 171,062 | $ 81,000 |
| Bremerton-Silverdale, WA | 175 | $ 39,306,000 | $ 224,605 | $ 79,000 |
| Bend, OR | 155 | $ 32,158,000 | $ 207,470 | $ 124,000 |
| Ogden-Clearfield, UT | 130 | $ 28,319,000 | $ 217,838 | $ 87,000 |
| Las Vegas-Paradise, NV | 123 | $ 25,821,000 | $ 209,926 | $ 63,000 |
| Idaho Falls, ID | 119 | $ 19,692,000 | $ 165,478 | $ 58,000 |
| Logan, UT-ID | 108 | $ 17,335,000 | $ 160,509 | $ 56,000 |
| Corvallis, OR | 107 | $ 28,043,000 | $ 262,084 | $ 64,000 |
| Dallas-Plano-Irving, TX | 105 | $ 16,232,000 | $ 154,590 | $ 95,000 |
| Bellingham, WA | 99 | $ 17,963,000 | $ 181,444 | $ 84,000 |
| Provo-Orem, UT | 47 | $ 8,765,000 | $ 186,489 | $ 57,000 |
| Medford, OR | 42 | $ 8,085,000 | $ 192,500 | $ 238,000 |
| Pocatello, ID | 39 | $ 4,951,000 | $ 126,948 | $ 60,000 |
| Fort Worth-Arlington, TX | 25 | $ 2,875,000 | $ 115,000 | $ 197,000 |
| Longview, WA | 16 | $ 2,385,000 | $ 149,062 | $ 94,000 |
| Denver-Aurora, CO | 14 | $ 6,039,000 | $ 431,357 | $ 46,000 |
| Prescott, AZ | 14 | $ 1,954,000 | $ 139,571 | $ 51,000 |
| St. George, UT | 9 | $ 2,782,000 | $ 309,111 | $ 149,000 |
| Boulder, CO | 5 | $ 728,000 | $ 145,600 | $ 67,000 |
| Colorado Springs, CO | 4 | $ 781,000 | $ 195,250 | $ 36,000 |
| Flagstaff, AZ | 4 | $ 501,000 | $ 125,250 | $ 35,000 |
| Reno-Sparks, NV | 3 | $ 1,520,000 | $ 506,666 | $ 0 |
| Sherman-Denison, TX | 2 | $ 312,000 | $ 156,000 | $ 123,000 |
| Coeur D'Alene, ID | 1 | $ 175,000 | $ 175,000 | $ 114,000 |
| Wenatchee, WA | 1 | $ 380,000 | $ 380,000 | $ 0 |
Mortgage Loan Application Detail Totals for Washington Federal S&L in 2004
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 | 4,744 | $1,016,567,000 | $202,800 | $3,600,000 | $70,400 | $9,546,000 |
| Refinancing | 2,421 | $425,162,000 | $184,000 | $2,800,000 | $82,875 | $7,637,000 |
| Home Improvement | 540 | $115,659,000 | $273,875 | $900,000 | $87,625 | $598,000 |
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 | 6,395 | $1,267,176,000 | $196,100 | $2,328,000 | $90,100 | $9,546,000 |
| Not applicable | 415 | $109,798,000 | $257,250 | $3,600,000 | $1,125 | $203,000 |
| Asian | 276 | $62,918,000 | $252,555 | $995,000 | $61,222 | $1,368,000 |
| Hispanic | 276 | $42,429,000 | $168,777 | $638,000 | $62,666 | $345,000 |
| Not Provided | 157 | $40,605,000 | $237,714 | $1,585,000 | $80,000 | $691,000 |
| Black or African American | 99 | $20,726,000 | $248,666 | $695,000 | $106,333 | $420,000 |
| American Indian or Alaskan Native | 59 | $8,579,000 | $186,285 | $575,000 | $85,428 | $256,000 |
| Native Hawaiian or Other Pacific Islander | 28 | $5,157,000 | $183,333 | $402,000 | $78,833 | $932,000 |
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) | 7,699 | $1,556,775,000 | $200,200 | $3,600,000 | $79,200 | $9,546,000 |
| VA-guaranteed (Veterans Administration) | 4 | $433,000 | $108,000 | $129,000 | $51,000 | $90,000 |
| FHA-insured (Federal Housing Administration) | 2 | $180,000 | $90,000 | $106,000 | $26,000 | $29,000 |
| 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 | 6,034 | $1,214,362,000 | $193,000 | $3,600,000 | $75,111 | $9,546,000 |
| Application Withdrawn By Applicant | 886 | $179,906,000 | $240,750 | $2,366,000 | $96,625 | $1,997,000 |
| Application Denied By Financial Institution | 388 | $79,244,000 | $194,625 | $1,500,000 | $65,500 | $932,000 |
| File Closed For Incompleteness | 199 | $38,322,000 | $173,571 | $850,000 | $58,285 | $360,000 |
| Application Approved But Not Accepted | 113 | $25,776,000 | $229,500 | $1,150,000 | $108,500 | $816,000 |
| Preapproval Approved but not Accepted | 47 | $11,317,000 | $240,000 | $525,000 | $59,000 | $303,000 |
| Preapproval Denied by Financial Institution | 38 | $8,461,000 | $222,000 | $995,000 | $93,000 | $283,000 |
| 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 | 141 | $31,404,000 | $227,285 | $675,000 | $56,571 | $312,000 |
| Credit History | 123 | $21,546,000 | $150,750 | $1,000,000 | $58,375 | $932,000 |
| Collateral | 80 | $18,053,000 | $206,125 | $1,500,000 | $70,375 | $541,000 |
| Other | 47 | $8,756,000 | $139,000 | $668,000 | $104,500 | $428,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 17 | $5,603,000 | $448,333 | $995,000 | $141,666 | $598,000 |
| Employment History | 12 | $1,520,000 | $108,800 | $256,000 | $25,400 | $56,000 |
| Credit Application Incomplete | 4 | $584,000 | $146,000 | $247,000 | $71,000 | $112,000 |
| Unverifiable Information | 2 | $239,000 | $119,000 | $188,000 | $55,000 | $94,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Washington Federal S&L's 2004 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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