Chu & Associates, Inc. Mortgage Lending & HMDA Data, 2021
In 2021, Chu & Associates, Inc. of Pasadena, CA reported 68 mortgage applications totaling $23.8 million, down 28% from 2020. The average application was for $349,852, and applicants reported an average income of $107,294. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (21), Riverside-San Bernardino-Ontario, CA (13) and Sacramento--Roseville--Arden-Arcade, CA (4) (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 | 68 |
| Total Mortgage Loan Application Amount | $23,790,000 |
| Average Mortgage Loan Application Amount | $349,852 |
| Highest Mortgage Loan Application Amount | $665,000 |
| Average Applicant Income | $107,294 |
| Highest Applicant Income | $321,000 |
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(HMDA) records Chu & Associates, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 21 | $ 7,135,000 | $ 339,761 | $ 112,000 |
| Riverside, California | 7 | $ 2,685,000 | $ 383,571 | $ 127,000 |
| San Bernardino, California | 6 | $ 2,460,000 | $ 410,000 | $ 82,000 |
| Orange, California | 3 | $ 1,505,000 | $ 501,666 | $ 171,000 |
| San Diego, California | 3 | $ 1,345,000 | $ 448,333 | $ 118,000 |
| Santa Clara, California | 3 | $ 1,095,000 | $ 365,000 | $ 105,000 |
| Alameda, California | 2 | $ 420,000 | $ 210,000 | $ 142,000 |
| Sacramento, California | 2 | $ 670,000 | $ 335,000 | $ 73,000 |
| Clark, Washington | 2 | $ 500,000 | $ 250,000 | $ 55,000 |
| Contra Costa, California | 1 | $ 145,000 | $ 145,000 | $ 90,000 |
| Fresno, California | 1 | $ 175,000 | $ 175,000 | $ 50,000 |
| Imperial, California | 1 | $ 195,000 | $ 195,000 | $ 76,000 |
| Kern, California | 1 | $ 125,000 | $ 125,000 | $ 247,000 |
| Monterey, California | 1 | $ 615,000 | $ 615,000 | $ 109,000 |
| Placer, California | 1 | $ 525,000 | $ 525,000 | $ 118,000 |
| San Joaquin, California | 1 | $ 445,000 | $ 445,000 | $ 120,000 |
| San Mateo, California | 1 | $ 645,000 | $ 645,000 | $ 145,000 |
| Santa Cruz, California | 1 | $ 665,000 | $ 665,000 | $ 143,000 |
| Stanislaus, California | 1 | $ 205,000 | $ 205,000 | $ 59,000 |
| Yolo, California | 1 | $ 195,000 | $ 195,000 | $ 89,000 |
| Broward, Florida | 1 | $ 475,000 | $ 475,000 | $ 138,000 |
| Lee, Florida | 1 | $ 175,000 | $ 175,000 | $ 62,000 |
| Deschutes, Oregon | 1 | $ 295,000 | $ 295,000 | $ 159,000 |
| Linn, Oregon | 1 | $ 195,000 | $ 195,000 | $ 50,000 |
| Washington, Oregon | 1 | $ 215,000 | $ 215,000 | $ 32,000 |
| Clallam, Washington | 1 | $ 235,000 | $ 235,000 | $ 57,000 |
| Spokane, Washington | 1 | $ 125,000 | $ 125,000 | $ 37,000 |
| Whatcom, Washington | 1 | $ 325,000 | $ 325,000 | $ 67,000 |
Mortgage Loan Application Detail Totals for Chu & Associates, Inc. in 2021
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 | 39 | $13,405,000 | $343,000 | $665,000 | $116,000 | $321,000 |
| Cash-out Refinancing | 26 | $8,910,000 | $342,000 | $665,000 | $93,000 | $246,000 |
| Home Purchase | 3 | $1,475,000 | $491,000 | $545,000 | $118,000 | $145,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Not Provided | 41 | $14,365,000 | $350,000 | $665,000 | $104,000 | $262,000 |
| Hispanic | 14 | $5,290,000 | $377,000 | $665,000 | $99,000 | $188,000 |
| White | 9 | $2,725,000 | $302,000 | $385,000 | $123,000 | $321,000 |
| Asian | 2 | $790,000 | $395,000 | $425,000 | $207,000 | $246,000 |
| Black or African American | 2 | $620,000 | $310,000 | $425,000 | $70,000 | $79,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 66 | $23,140,000 | $350,000 | $665,000 | $109,000 | $321,000 |
| VA-guaranteed (Veterans Administration) | 2 | $650,000 | $325,000 | $405,000 | $47,000 | $94,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 68 | $23,790,000 | $349,000 | $665,000 | $107,000 | $321,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 68 | $23,790,000 | $349,000 | $665,000 | $107,000 | $321,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 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 2021 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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