Chu & Associates, Inc. Mortgage Lending & HMDA Data, 2016
In 2016, Chu & Associates, Inc. of Pasadena, CA reported 211 mortgage applications totaling $61.2 million, about the same as 2015. The average application was for $290,251, and applicants reported an average income of $88,407. 76% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (92), Riverside-San Bernardino-Ontario, CA (31) and Oakland-Hayward-Berkeley, CA (10) (applications in parentheses).
| Mortgage Company & Address | Chu & Associates, Inc. 3452 East Foothill Blvd Suite 410 Pasadena, CA 91107 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 211 |
| Total Mortgage Loan Application Amount | $61,243,000 |
| Average Mortgage Loan Application Amount | $290,251 |
| Highest Mortgage Loan Application Amount | $765,000 |
| Average Applicant Income | $88,407 |
| Highest Applicant Income | $247,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Chu & Associates, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles, California | 92 | $ 30,058,000 | $ 326,717 | $ 95,000 |
| Riverside, California | 18 | $ 3,848,000 | $ 213,777 | $ 76,000 |
| San Bernardino, California | 13 | $ 3,665,000 | $ 281,923 | $ 83,000 |
| Orange, California | 9 | $ 3,498,000 | $ 388,666 | $ 97,000 |
| Sacramento, California | 8 | $ 1,919,000 | $ 239,875 | $ 77,000 |
| Contra Costa, California | 7 | $ 2,332,000 | $ 333,142 | $ 90,000 |
| Fresno, California | 7 | $ 1,651,000 | $ 235,857 | $ 88,000 |
| San Diego, California | 6 | $ 1,144,000 | $ 190,666 | $ 64,000 |
| Ventura, California | 6 | $ 1,465,000 | $ 244,166 | $ 71,000 |
| Stanislaus, California | 4 | $ 1,265,000 | $ 316,250 | $ 120,000 |
| Alameda, California | 3 | $ 1,000,000 | $ 333,333 | $ 135,000 |
| San Joaquin, California | 3 | $ 994,000 | $ 331,333 | $ 108,000 |
| Solano, California | 3 | $ 919,000 | $ 306,333 | $ 42,000 |
| Snohomish, Washington | 3 | $ 748,000 | $ 249,333 | $ 151,000 |
| Monterey, California | 2 | $ 642,000 | $ 321,000 | $ 108,000 |
| San Luis Obispo, California | 2 | $ 415,000 | $ 207,500 | $ 104,000 |
| San Mateo, California | 2 | $ 353,000 | $ 176,500 | $ 46,000 |
| Santa Cruz, California | 2 | $ 226,000 | $ 113,000 | $ 49,000 |
| King, Washington | 2 | $ 477,000 | $ 238,500 | $ 121,000 |
| Calaveras, California | 1 | $ 134,000 | $ 134,000 | $ 56,000 |
| Kern, California | 1 | $ 154,000 | $ 154,000 | $ 34,000 |
| Marin, California | 1 | $ 499,000 | $ 499,000 | $ 120,000 |
| Mendocino, California | 1 | $ 175,000 | $ 175,000 | $ 59,000 |
| Merced, California | 1 | $ 192,000 | $ 192,000 | $ 58,000 |
| Mono, California | 1 | $ 158,000 | $ 158,000 | $ 67,000 |
| Placer, California | 1 | $ 417,000 | $ 417,000 | $ 95,000 |
| San Benito, California | 1 | $ 390,000 | $ 390,000 | $ 89,000 |
| Santa Barbara, California | 1 | $ 268,000 | $ 268,000 | $ 65,000 |
| Sonoma, California | 1 | $ 245,000 | $ 245,000 | $ 131,000 |
| Tehama, California | 1 | $ 216,000 | $ 216,000 | $ 59,000 |
| Trinity, California | 1 | $ 392,000 | $ 392,000 | $ 73,000 |
| Tuolumne, California | 1 | $ 102,000 | $ 102,000 | $ 65,000 |
| Yolo, California | 1 | $ 120,000 | $ 120,000 | $ 19,000 |
| Clark, Washington | 1 | $ 300,000 | $ 300,000 | $ 75,000 |
| Cowlitz, Washington | 1 | $ 176,000 | $ 176,000 | $ 55,000 |
| Kittitas, Washington | 1 | $ 236,000 | $ 236,000 | $ 52,000 |
| Pierce, Washington | 1 | $ 191,000 | $ 191,000 | $ 93,000 |
| Whatcom, Washington | 1 | $ 259,000 | $ 259,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for Chu & Associates, Inc. in 2016
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 | 184 | $52,328,000 | $284,000 | $765,000 | $87,000 | $244,000 |
| Home Purchase | 27 | $8,915,000 | $330,000 | $640,000 | $98,000 | $247,000 |
| 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 | 106 | $31,038,000 | $292,000 | $765,000 | $91,000 | $247,000 |
| Hispanic | 76 | $20,912,000 | $275,000 | $484,000 | $82,000 | $244,000 |
| Asian | 19 | $6,294,000 | $331,000 | $625,000 | $98,000 | $210,000 |
| Black or African American | 9 | $2,824,000 | $313,000 | $497,000 | $85,000 | $211,000 |
| American Indian or Alaskan Native | 1 | $175,000 | $175,000 | $175,000 | $133,000 | $133,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 171 | $49,653,000 | $290,000 | $765,000 | $92,000 | $247,000 |
| FHA-insured (Federal Housing Administration) | 36 | $10,545,000 | $292,000 | $625,000 | $75,000 | $210,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,045,000 | $261,000 | $480,000 | $77,000 | $130,000 |
| 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 | 160 | $48,050,000 | $300,000 | $765,000 | $93,000 | $244,000 |
| Application Denied By Financial Institution | 36 | $9,297,000 | $258,000 | $492,000 | $80,000 | $247,000 |
| Application Withdrawn By Applicant | 11 | $2,877,000 | $261,000 | $438,000 | $64,000 | $138,000 |
| Application Approved But Not Accepted | 4 | $1,019,000 | $254,000 | $403,000 | $53,000 | $120,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 1 | $265,000 | $265,000 | $265,000 | $54,000 | $54,000 |
| Other | 1 | $191,000 | $191,000 | $191,000 | $93,000 | $93,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Chu & Associates, Inc.'s 2016 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 Chu & Associates, Inc.'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.
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with aggregated HMDA statistics today.
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