Olympia Federal Savings & Loan Association Mortgage Rates, Fees & Info

Olympia, WA

LEI: 2549008GIE3QVYB2FT28

Tax ID: 91-0346300

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Mortgage Data

Bank Data

Review & Overview

Olympia Federal Savings & Loan Association is a smaller mortgage company specializing in Home Purchase and Refi loans. Olympia Federal Savings & Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Olympia, Shelton, Centralia, Aberdeen, and Seattle among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Olympia Federal Savings & Loan Association has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.49% 3/28/24
30 Year Conventional Refi 5.95% 3/28/24
15 Year Conventional Purchase 6.29% 3/28/24
15 Year Conventional Refi 5.87% 3/28/24
15 Year Cash-out Refi 5.87% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Olympia Federal Savings & Loan Association Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Olympia Federal Savings & Loan Association. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

554

Origination Dollar Volume (All Markets)

$197,880,000

Employee count

117

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 372 $139,980,000 $376,290 $0 0.00%
Shelton, WA (FHA|USDA|VA) 72 $18,280,000 $253,889 $0 0.00%
Centralia, WA (FHA|USDA|VA) 38 $14,030,000 $369,211 $0 0.00%
Aberdeen, WA (FHA|USDA|VA) 38 $11,640,000 $306,316 $0 0.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 21 $8,295,000 $395,000 $0 0.00%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 10 $5,010,000 $501,000 $0 0.00%
LONGVIEW, WA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Outside of Metro Areas 1 $195,000 $195,000 $0 0.00%
Port Angeles, WA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Olympia Federal Savings & Loan Association's top markets include Olympia, Shelton, Centralia, Aberdeen, and Seattle among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • Similar Lenders

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 554 $197,880,000 $357,184 $0 0.00%

    For 2020, Olympia Federal Savings & Loan Association's most frequently originated type of loan was Conventional, with 554 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 289 $109,035,000 $377,284 $0 0.00%
    Refi 247 $85,885,000 $347,713 $0 0.00%
    Other 11 $1,875,000 $170,455 $0 0.00%
    Home Improvement 7 $1,085,000 $155,000 $0 0.00%

    For 2020, Olympia Federal Savings & Loan Association's most frequently cited loan purpose was Home Purchase, with 289 originations. The 2nd most popular reason was Refi, with 247 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 554 $197,880,000 $357,184 $0 0.00%

    For 2020, Olympia Federal Savings & Loan Association's most frequently cited loan duration was Other, with 554 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 263 $76,495,000 $290,856 $0 0.00%
    $100k-200k 112 $17,450,000 $155,804 $0 0.00%
    $400k-600k 101 $47,745,000 $472,723 $0 0.00%
    $600k-1MM 40 $28,350,000 $708,750 $0 0.00%
    $100,000 or less 29 $2,085,000 $71,897 $0 0.00%
    $1MM+ 9 $25,755,000 $2,861,667 $0 0.00%

    2020 saw Olympia Federal Savings & Loan Association place emphasis on $200k-400k loans with 263 originations, totaling $76,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 128 $40,880,000 $319,375 $0 0.00%
    $150k-250k 118 $46,200,000 $391,525 $0 0.00%
    $75k-100k 97 $25,005,000 $257,784 $0 0.00%
    $250k+ 66 $31,980,000 $484,545 $0 0.00%
    $50k-75k 57 $11,485,000 $201,491 $0 0.00%
    $50k or less 31 $3,605,000 $116,290 $0 0.00%

    Olympia Federal Savings & Loan Association lent most frequently to those with incomes in the $100k-150k range, with 128 originations. The second most popular income band? $150k-250k, with 118 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 554 $197,880,000 $357,184 $0 0.00%

    Olympia Federal Savings & Loan Association lent most frequently to those with DTI ratios of Exempt%, with 554 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 410 $133,380,000 $325,317 $0 0.00%
    Not applicable 35 $31,665,000 $904,714 $0 0.00%
    Not provided 86 $26,490,000 $308,023 $0 0.00%
    Asian 9 $2,655,000 $295,000 $0 0.00%
    American Indian 8 $1,920,000 $240,000 $0 0.00%
    Guamanian 2 $860,000 $430,000 $0 0.00%
    Native Hawaiian or Islander 2 $570,000 $285,000 $0 0.00%
    Asian Indian 2 $340,000 $170,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.89%

    Olympia Federal Savings & Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.66%

    Olympia Federal Savings & Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 554 $197,880,000 $357,184

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $24,575,000 $2,234,091
    Single Family (1-4 Units):Manufactured 32 $6,100,000 $190,625
    Single Family (1-4 Units):Site-Built 511 $167,205,000 $327,211

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Olympia Federal Savings and Loan Association 24081 Ne State Route 3 Belfair, WA 98528 Full Service B&M $46,676
    Olympia Federal Savings and Loan Association 2420 Harrison Ave Olympia, WA 98502 Full Service B&M $108,210
    Olympia Federal Savings and Loan Association 403 Cleveland Ave Se #c Tumwater, WA 98501 Full Service B&M $75,361
    Olympia Federal Savings and Loan Association 421 Capitol Way S Olympia, WA 98507 Full Service B&M $159,625
    Olympia Federal Savings and Loan Association 4310 6th Ave Se Lacey, WA 98503 Full Service B&M $97,016
    Olympia Federal Savings and Loan Association 4860 Yelm Highway Southeast Lacey, WA 98503 Full Service B&M $67,176
    Olympia Federal Savings and Loan Association 8300 Quinault Dr Ne Olympia, WA 98516 Full Service B&M $46,526
    Olympia Federal Savings and Loan Association 907 Yelm Avenue W Yelm, WA 98597 Full Service B&M $15,554

    For 2020, Olympia Federal Savings & Loan Association had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,617
    Net interest income $22,505
    Total noninterest income $1,497
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $43
    Trading account gains and fees $0
    Additional Noninterest Income $1,454
    Pre-tax net operating income $4,202
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,369
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,369
    Minority interest net income $0
    Net income $3,369
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,369

    Olympia Federal Savings & Loan Association's gross interest income from loans was $28,617,000.
    Olympia Federal Savings & Loan Association's net interest income from loans was $22,505,000.
    Olympia Federal Savings & Loan Association's fee based income from loans was $43,000.
    Olympia Federal Savings & Loan Association's net income from loans was $3,369,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,112
    Provision for credit losses $616
    Total noninterest expense $19,184
    Salaries and employee benefits $11,957
    Premises and equipment expense $1,800
    Additional noninterest expense $5,427
    Applicable income taxes $833
    Net charge-offs $142
    Cash dividends $0

    Olympia Federal Savings & Loan Association's interest expense for loans was $6,112,000.
    Olympia Federal Savings & Loan Association's payroll and benefits expense were $11,957,000.
    Olympia Federal Savings & Loan Association's property, plant and equipment expenses $1,800,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 2.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $650,808
    Deposits held in domestic offices $650,808
    Deposits by Individuals, partnerships, and corporations $649,307
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,005
    Deposits by Commercial banks and other depository institutions in U.S. $497
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $161,446
    Demand deposits $88,443
    Nontransaction accounts $489,363
    Money market deposit accounts (MMDAs) $137,898
    Other savings deposits (excluding MMDAs) $122,941
    Total time deposits $228,524
    Total time and savings deposits $562,366
    Noninterest-bearing deposits $50,679
    Interest-bearing deposits $600,129
    Retail deposits $620,364
    IRAs and Keogh plan accounts $36,164
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $790,855
    Cash & Balances due from depository institutions $66,597
    Interest-bearing balances $60,637
    Total securities $75,044
    Federal funds sold & reverse repurchase $0
    Net loans and leases $603,752
    Loan and leases loss allowance $2,085
    Trading account assets $0
    Bank premises and fixed assets $15,899
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $29,563

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $790,854
    Total Liabilities $685,087
    Total deposits $650,808
    Interest-bearing deposits $600,129
    Deposits held in domestic offices $650,808
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $29,193
    Subordinated debt $0
    All other liabilities $5,086

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $603,752
    Loan and leases loss allowance $2,085
    Total loans and leases (domestic) $605,837
    All real estate loans $598,133
    Real estate loans in domestic offices $598,133
    Construction and development loans $36,579
    Residential 1-4 family construction $24,532
    Other construction, all land development and other land $12,047
    Loans secured by nonfarm nonresidential properties $46,767
    Nonfarm nonresidential secured by owner-occupied properties $9,440
    Commercial real estate & other non-farm, non-residential $37,327
    Multifamily residential real estate $42,685
    1-4 family residential loans $472,102
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,424
    To non-U.S. addressees $0
    Loans to individuals $2,482
    Credit card loans $0
    Related Plans $1,310
    Consumer Auto Loans $762
    Other loans to individuals $410
    All other loans & leases $798
    Loans to foreign governments and official institutions $0
    Other loans $798
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $161
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Olympia Federal Savings & Loan Association had $603,752,000 of loans outstanding in 2020. $598,133,000 of loans were in real estate loans. $36,579,000 of loans were in development loans. $42,685,000 of loans were in multifamily mortgage loans. $472,102,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $762,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 57 $5,809 $101,912
    Nonfarm, nonresidential loans - <$100k 5 $148 $29,600
    Nonfarm, nonresidential loans - $100-250k 11 $1,182 $107,455
    Nonfarm, nonresidential loans - $250k-1MM 41 $4,479 $109,244
    Commercial & Industrial, US addressed loans - <$1MM 90 $4,424 $49,156
    Commercial & Industrial, US addressed loans - <$100k 75 $2,246 $29,947
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,169 $106,273
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,009 $252,250