Chu & Associates, Inc. Mortgage Lending & HMDA Data, 2017
In 2017, Chu & Associates, Inc. of Pasadena, CA reported 173 mortgage applications totaling $49.4 million, down 18% from 2016. The average application was for $285,421, and applicants reported an average income of $94,398. 64% of its applications resulted in an originated loan and 27% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (50), Riverside-San Bernardino-Ontario, CA (33) 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 | 173 |
| Total Mortgage Loan Application Amount | $49,378,000 |
| Average Mortgage Loan Application Amount | $285,421 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $94,398 |
| Highest Applicant Income | $649,000 |
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(HMDA) records Chu & Associates, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 50 | $ 14,807,000 | $ 296,140 | $ 76,000 |
| Riverside-San Bernardino-Ontario, CA | 33 | $ 8,658,000 | $ 262,363 | $ 109,000 |
| Oakland-Hayward-Berkeley, CA | 10 | $ 3,675,000 | $ 367,500 | $ 115,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 8 | $ 1,909,000 | $ 238,625 | $ 59,000 |
| Anaheim-Santa Ana-Irvine, CA | 7 | $ 3,571,000 | $ 510,142 | $ 208,000 |
| Fresno, CA | 6 | $ 1,022,000 | $ 170,333 | $ 92,000 |
| San Diego-Carlsbad, CA | 6 | $ 1,891,000 | $ 315,166 | $ 162,000 |
| Bakersfield, CA | 5 | $ 758,000 | $ 151,600 | $ 46,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 4 | $ 1,753,000 | $ 438,250 | $ 127,000 |
| Chico, CA | 3 | $ 547,000 | $ 182,333 | $ 42,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 3 | $ 1,421,000 | $ 473,666 | $ 151,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 805,000 | $ 268,333 | $ 115,000 |
| San Francisco-Redwood City-South San Francisco, CA | 3 | $ 1,422,000 | $ 474,000 | $ 87,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 557,000 | $ 185,666 | $ 96,000 |
| Vallejo-Fairfield, CA | 3 | $ 827,000 | $ 275,666 | $ 58,000 |
| Salinas, CA | 2 | $ 620,000 | $ 310,000 | $ 128,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 307,000 | $ 153,500 | $ 87,000 |
| Merced, CA | 1 | $ 192,000 | $ 192,000 | $ 58,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 101,000 | $ 101,000 | $ 54,000 |
| Napa, CA | 1 | $ 375,000 | $ 375,000 | $ 75,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 217,000 | $ 217,000 | $ 107,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 182,000 | $ 182,000 | $ 41,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 268,000 | $ 268,000 | $ 65,000 |
| Stockton-Lodi, CA | 1 | $ 266,000 | $ 266,000 | $ 69,000 |
| Yuba City, CA | 1 | $ 205,000 | $ 205,000 | $ 88,000 |
Mortgage Loan Application Detail Totals for Chu & Associates, Inc. in 2017
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 | 150 | $41,602,000 | $277,000 | $1,000,000 | $94,000 | $649,000 |
| Home Purchase | 23 | $7,776,000 | $338,000 | $558,000 | $97,000 | $194,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 82 | $22,384,000 | $272,000 | $611,000 | $71,000 | $194,000 |
| White | 69 | $20,338,000 | $294,000 | $1,000,000 | $115,000 | $649,000 |
| Asian | 11 | $3,189,000 | $289,000 | $582,000 | $145,000 | $462,000 |
| Black or African American | 6 | $2,281,000 | $380,000 | $555,000 | $112,000 | $180,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $848,000 | $282,000 | $552,000 | $60,000 | $137,000 |
| American Indian or Alaskan Native | 2 | $338,000 | $169,000 | $175,000 | $88,000 | $133,000 |
| 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) | 131 | $37,314,000 | $284,000 | $1,000,000 | $101,000 | $649,000 |
| FHA-insured (Federal Housing Administration) | 33 | $10,016,000 | $303,000 | $582,000 | $77,000 | $188,000 |
| VA-guaranteed (Veterans Administration) | 9 | $2,048,000 | $227,000 | $424,000 | $65,000 | $111,000 |
| 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 | 110 | $32,653,000 | $296,000 | $1,000,000 | $99,000 | $649,000 |
| Application Denied By Financial Institution | 47 | $11,778,000 | $250,000 | $625,000 | $88,000 | $462,000 |
| Application Withdrawn By Applicant | 14 | $4,566,000 | $326,000 | $560,000 | $85,000 | $194,000 |
| Application Approved But Not Accepted | 2 | $381,000 | $190,000 | $279,000 | $95,000 | $154,000 |
| 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 | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Chu & Associates, Inc.'s 2017 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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