Westfield Bank F S B Mortgage Lending & HMDA Data, 2010
In 2010, Westfield Bank F S B of Westfield Center, OH reported 189 mortgage applications totaling $34.6 million, up 66% from 2009. The average application was for $183,132, and applicants reported an average income of $134,666. 78% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (108), Akron, OH (29) and Canton-Massillon, OH (6) (applications in parentheses).
| Mortgage Company & Address | Westfield Bank F S B Two Park Circle Westfield Center, OH 44251 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 | 189 |
| Total Mortgage Loan Application Amount | $34,612,000 |
| Average Mortgage Loan Application Amount | $183,132 |
| Highest Mortgage Loan Application Amount | $489,000 |
| Average Applicant Income | $134,666 |
| Highest Applicant Income | $795,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Westfield Bank F S B filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Medina, Ohio | 84 | $ 14,157,000 | $ 168,535 | $ 108,000 |
| Summit, Ohio | 27 | $ 4,296,000 | $ 159,111 | $ 159,000 |
| Cuyahoga, Ohio | 14 | $ 3,721,000 | $ 265,785 | $ 277,000 |
| Wayne, Ohio | 8 | $ 815,000 | $ 101,875 | $ 81,000 |
| Geauga, Ohio | 5 | $ 1,272,000 | $ 254,400 | $ 151,000 |
| Lorain, Ohio | 4 | $ 799,000 | $ 199,750 | $ 78,000 |
| Stark, Ohio | 4 | $ 409,000 | $ 102,250 | $ 48,000 |
| Ottawa, Ohio | 3 | $ 775,000 | $ 258,333 | $ 220,000 |
| Collier, Florida | 2 | $ 255,000 | $ 127,500 | $ 48,000 |
| Gwinnett, Georgia | 2 | $ 536,000 | $ 268,000 | $ 112,000 |
| Marion, Indiana | 2 | $ 323,000 | $ 161,500 | $ 60,000 |
| Carroll, Ohio | 2 | $ 262,000 | $ 131,000 | $ 27,000 |
| Hamilton, Ohio | 2 | $ 825,000 | $ 412,500 | $ 261,000 |
| Holmes, Ohio | 2 | $ 343,000 | $ 171,500 | $ 73,000 |
| Portage, Ohio | 2 | $ 608,000 | $ 304,000 | $ 86,000 |
| Lancaster, Pennsylvania | 2 | $ 216,000 | $ 108,000 | $ 123,000 |
| Broward, Florida | 1 | $ 193,000 | $ 193,000 | $ 505,000 |
| Lee, Florida | 1 | $ 65,000 | $ 65,000 | $ 190,000 |
| Walton, Florida | 1 | $ 283,000 | $ 283,000 | $ 399,000 |
| Cherokee, Georgia | 1 | $ 270,000 | $ 270,000 | $ 125,000 |
| Porter, Indiana | 1 | $ 159,000 | $ 159,000 | $ 98,000 |
| Polk, Iowa | 1 | $ 162,000 | $ 162,000 | $ 53,000 |
| Scott, Iowa | 1 | $ 60,000 | $ 60,000 | $ 80,000 |
| York, Maine | 1 | $ 417,000 | $ 417,000 | $ 275,000 |
| Ingham, Michigan | 1 | $ 212,000 | $ 212,000 | $ 83,000 |
| Dakota, Minnesota | 1 | $ 311,000 | $ 311,000 | $ 152,000 |
| Hennepin, Minnesota | 1 | $ 417,000 | $ 417,000 | $ 146,000 |
| New Hanover, North Carolina | 1 | $ 417,000 | $ 417,000 | $ 795,000 |
| Union, North Carolina | 1 | $ 252,000 | $ 252,000 | $ 110,000 |
| Ashland, Ohio | 1 | $ 84,000 | $ 84,000 | $ 36,000 |
| Clermont, Ohio | 1 | $ 216,000 | $ 216,000 | $ 75,000 |
| Huron, Ohio | 1 | $ 80,000 | $ 80,000 | $ 150,000 |
| Lake, Ohio | 1 | $ 65,000 | $ 65,000 | $ 64,000 |
| Mahoning, Ohio | 1 | $ 125,000 | $ 125,000 | $ 27,000 |
| Warren, Ohio | 1 | $ 226,000 | $ 226,000 | $ 110,000 |
| Berks, Pennsylvania | 1 | $ 74,000 | $ 74,000 | $ 98,000 |
| Charleston, South Carolina | 1 | $ 318,000 | $ 318,000 | $ 228,000 |
| Horry, South Carolina | 1 | $ 152,000 | $ 152,000 | $ 100,000 |
| Chesterfield, Virginia | 1 | $ 188,000 | $ 188,000 | $ 90,000 |
| Harrison, West Virginia | 1 | $ 254,000 | $ 254,000 | $ 93,000 |
Mortgage Loan Application Detail Totals for Westfield Bank F S B in 2010
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 |
|---|---|---|---|---|---|---|
| Refinancing | 126 | $25,410,000 | $201,000 | $489,000 | $153,000 | $795,000 |
| Home Purchase | 63 | $9,202,000 | $146,000 | $400,000 | $98,000 | $721,000 |
| Home Improvement | 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 | 176 | $32,230,000 | $183,000 | $489,000 | $128,000 | $795,000 |
| Not applicable | 6 | $901,000 | $150,000 | $223,000 | $346,000 | $346,000 |
| Not Provided | 5 | $949,000 | $189,000 | $270,000 | $129,000 | $183,000 |
| Black or African American | 2 | $532,000 | $266,000 | $388,000 | $65,000 | $92,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 179 | $33,166,000 | $185,000 | $489,000 | $139,000 | $795,000 |
| FHA-insured (Federal Housing Administration) | 10 | $1,446,000 | $144,000 | $178,000 | $58,000 | $99,000 |
| 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 | 147 | $26,963,000 | $183,000 | $489,000 | $127,000 | $795,000 |
| Application Denied By Financial Institution | 19 | $3,500,000 | $184,000 | $417,000 | $137,000 | $721,000 |
| Application Approved But Not Accepted | 10 | $1,820,000 | $182,000 | $417,000 | $257,000 | $346,000 |
| Application Withdrawn By Applicant | 9 | $1,740,000 | $193,000 | $417,000 | $97,000 | $254,000 |
| File Closed For Incompleteness | 4 | $589,000 | $147,000 | $200,000 | $174,000 | $548,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 9 | $1,757,000 | $195,000 | $417,000 | $113,000 | $270,000 |
| Debt-To-Income Ratio | 7 | $1,101,000 | $157,000 | $388,000 | $43,000 | $92,000 |
| Employment History | 1 | $149,000 | $149,000 | $149,000 | $83,000 | $83,000 |
| Other | 1 | $158,000 | $158,000 | $158,000 | $491,000 | $491,000 |
| Credit History | 1 | $335,000 | $335,000 | $335,000 | $721,000 | $721,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Westfield Bank F S B's 2010 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 Westfield Bank F S B'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 Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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