Chu & Associates, Inc. Mortgage Lending & HMDA Data, 2020
In 2020, Chu & Associates, Inc. of Pasadena, CA reported 95 mortgage applications totaling $31.8 million, up 53% from 2019. The average application was for $334,894, and applicants reported an average income of $124,494. 73% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (34), Riverside-San Bernardino-Ontario, CA (16) and San Jose-Sunnyvale-Santa Clara, CA (5) (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 | 95 |
| Total Mortgage Loan Application Amount | $31,815,000 |
| Average Mortgage Loan Application Amount | $334,894 |
| Highest Mortgage Loan Application Amount | $785,000 |
| Average Applicant Income | $124,494 |
| Highest Applicant Income | $1,520,000 |
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(HMDA) records Chu & Associates, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 34 | $ 13,000,000 | $ 382,352 | $ 143,000 |
| San Bernardino, California | 9 | $ 2,105,000 | $ 233,888 | $ 64,000 |
| Riverside, California | 7 | $ 1,945,000 | $ 277,857 | $ 89,000 |
| Santa Clara, California | 5 | $ 1,545,000 | $ 309,000 | $ 140,000 |
| Orange, California | 4 | $ 1,560,000 | $ 390,000 | $ 282,000 |
| Fresno, California | 3 | $ 1,115,000 | $ 371,666 | $ 136,000 |
| Monterey, California | 3 | $ 875,000 | $ 291,666 | $ 103,000 |
| Sacramento, California | 3 | $ 1,145,000 | $ 381,666 | $ 121,000 |
| San Joaquin, California | 3 | $ 615,000 | $ 205,000 | $ 43,000 |
| Tulare, California | 3 | $ 975,000 | $ 325,000 | $ 106,000 |
| Solano, California | 2 | $ 430,000 | $ 215,000 | $ 78,000 |
| Ventura, California | 2 | $ 1,030,000 | $ 515,000 | $ 214,000 |
| Alameda, California | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Amador, California | 1 | $ 325,000 | $ 325,000 | $ 140,000 |
| Contra Costa, California | 1 | $ 435,000 | $ 435,000 | $ 90,000 |
| Imperial, California | 1 | $ 145,000 | $ 145,000 | $ 47,000 |
| Plumas, California | 1 | $ 165,000 | $ 165,000 | $ 63,000 |
| San Diego, California | 1 | $ 305,000 | $ 305,000 | $ 193,000 |
| San Mateo, California | 1 | $ 445,000 | $ 445,000 | $ 138,000 |
| Trinity, California | 1 | $ 375,000 | $ 375,000 | $ 106,000 |
| Broward, Florida | 1 | $ 465,000 | $ 465,000 | $ 131,000 |
| Miami-Dade, Florida | 1 | $ 705,000 | $ 705,000 | $ 182,000 |
| Palm Beach, Florida | 1 | $ 195,000 | $ 195,000 | $ 69,000 |
| Polk, Florida | 1 | $ 165,000 | $ 165,000 | $ 86,000 |
| Carroll, Maryland | 1 | $ 285,000 | $ 285,000 | $ 109,000 |
| Montgomery, Maryland | 1 | $ 595,000 | $ 595,000 | $ 333,000 |
| Washington, Oregon | 1 | $ 295,000 | $ 295,000 | $ 62,000 |
| Dallas, Texas | 1 | $ 145,000 | $ 145,000 | $ 75,000 |
| King, Washington | 1 | $ 285,000 | $ 285,000 | $ 133,000 |
Mortgage Loan Application Detail Totals for Chu & Associates, Inc. in 2020
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 | 54 | $19,120,000 | $354,000 | $785,000 | $114,000 | $333,000 |
| Cash-out Refinancing | 28 | $9,330,000 | $333,000 | $555,000 | $112,000 | $444,000 |
| Home Purchase | 12 | $3,200,000 | $266,000 | $515,000 | $206,000 | $1,520,000 |
| Other Purpose | 1 | $165,000 | $165,000 | $165,000 | $63,000 | $63,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 37 | $11,185,000 | $302,000 | $625,000 | $94,000 | $198,000 |
| White | 37 | $12,275,000 | $331,000 | $705,000 | $125,000 | $444,000 |
| Black or African American | 11 | $3,515,000 | $319,000 | $525,000 | $86,000 | $170,000 |
| Asian | 10 | $4,840,000 | $484,000 | $785,000 | $281,000 | $1,520,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian 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) | 81 | $26,945,000 | $332,000 | $785,000 | $129,000 | $1,520,000 |
| FHA-insured (Federal Housing Administration) | 12 | $4,050,000 | $337,000 | $625,000 | $83,000 | $167,000 |
| VA-guaranteed (Veterans Administration) | 2 | $820,000 | $410,000 | $595,000 | $198,000 | $333,000 |
| 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 | 69 | $23,635,000 | $342,000 | $785,000 | $113,000 | $444,000 |
| Application Denied By Financial Institution | 14 | $4,850,000 | $346,000 | $555,000 | $198,000 | $1,520,000 |
| Application Approved But Not Accepted | 11 | $3,225,000 | $293,000 | $705,000 | $116,000 | $184,000 |
| Application Withdrawn By Applicant | 1 | $105,000 | $105,000 | $105,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 81 | $26,965,000 | $332,000 | $785,000 | $113,000 | $444,000 |
| Collateral | 4 | $1,140,000 | $285,000 | $555,000 | $107,000 | $288,000 |
| Credit Application Incomplete | 3 | $1,135,000 | $378,000 | $455,000 | $552,000 | $1,520,000 |
| Debt-To-Income Ratio | 2 | $860,000 | $430,000 | $525,000 | $82,000 | $106,000 |
| Other | 2 | $790,000 | $395,000 | $435,000 | $90,000 | $90,000 |
| Unverifiable Information | 1 | $385,000 | $385,000 | $385,000 | $168,000 | $168,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $345,000 | $345,000 | $345,000 | $0 | $0 |
| Credit History | 1 | $195,000 | $195,000 | $195,000 | $69,000 | $69,000 |
| Employment History | 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 2020 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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