Chu & Associates, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Chu & Associates, Inc. of Pasadena, CA reported 88 mortgage applications totaling $25.7 million, down 49% from 2017. The average application was for $292,386, and applicants reported an average income of $78,886. 68% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (38), Riverside-San Bernardino-Ontario, CA (16) and Oakland-Hayward-Berkeley, 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 | 88 |
| Total Mortgage Loan Application Amount | $25,730,000 |
| Average Mortgage Loan Application Amount | $292,386 |
| Highest Mortgage Loan Application Amount | $965,000 |
| Average Applicant Income | $78,886 |
| Highest Applicant Income | $519,000 |
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(HMDA) records Chu & Associates, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 38 | $ 12,910,000 | $ 339,736 | $ 85,000 |
| Riverside-San Bernardino-Ontario, CA | 16 | $ 3,630,000 | $ 226,875 | $ 56,000 |
| Oakland-Hayward-Berkeley, CA | 4 | $ 1,440,000 | $ 360,000 | $ 95,000 |
| Anaheim-Santa Ana-Irvine, CA | 3 | $ 1,145,000 | $ 381,666 | $ 261,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 415,000 | $ 138,333 | $ 46,000 |
| Bakersfield, CA | 2 | $ 350,000 | $ 175,000 | $ 46,000 |
| Fresno, CA | 2 | $ 270,000 | $ 135,000 | $ 59,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 410,000 | $ 205,000 | $ 63,000 |
| Salinas, CA | 2 | $ 600,000 | $ 300,000 | $ 70,000 |
| San Diego-Carlsbad, CA | 2 | $ 600,000 | $ 300,000 | $ 37,000 |
| San Francisco-Redwood City-South San Francisco, CA | 2 | $ 720,000 | $ 360,000 | $ 154,000 |
| Yuba City, CA | 2 | $ 770,000 | $ 385,000 | $ 30,000 |
| Bellingham, WA | 1 | $ 565,000 | $ 565,000 | $ 144,000 |
| Jacksonville, FL | 1 | $ 155,000 | $ 155,000 | $ 32,000 |
| Merced, CA | 1 | $ 115,000 | $ 115,000 | $ 42,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 125,000 | $ 125,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 105,000 | $ 105,000 | $ 47,000 |
| Port St. Lucie, FL | 1 | $ 265,000 | $ 265,000 | $ 69,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 575,000 | $ 575,000 | $ 104,000 |
| Stockton-Lodi, CA | 1 | $ 145,000 | $ 145,000 | $ 28,000 |
| Vallejo-Fairfield, CA | 1 | $ 295,000 | $ 295,000 | $ 91,000 |
| Visalia-Porterville, CA | 1 | $ 125,000 | $ 125,000 | $ 32,000 |
Mortgage Loan Application Detail Totals for Chu & Associates, Inc. in 2018
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 62 | $16,900,000 | $272,000 | $845,000 | $68,000 | $323,000 |
| Refinancing | 16 | $4,860,000 | $303,000 | $965,000 | $111,000 | $519,000 |
| Home Purchase | 10 | $3,970,000 | $397,000 | $585,000 | $95,000 | $198,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 43 | $11,675,000 | $271,000 | $575,000 | $73,000 | $210,000 |
| White | 25 | $8,315,000 | $332,000 | $965,000 | $111,000 | $519,000 |
| Black or African American | 16 | $4,350,000 | $271,000 | $845,000 | $44,000 | $126,000 |
| Asian | 3 | $985,000 | $328,000 | $565,000 | $66,000 | $144,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $405,000 | $405,000 | $405,000 | $139,000 | $139,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 62 | $18,940,000 | $305,000 | $965,000 | $80,000 | $519,000 |
| FHA-insured (Federal Housing Administration) | 23 | $6,025,000 | $261,000 | $575,000 | $70,000 | $198,000 |
| VA-guaranteed (Veterans Administration) | 3 | $765,000 | $255,000 | $405,000 | $99,000 | $139,000 |
| 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 | 60 | $16,910,000 | $281,000 | $965,000 | $93,000 | $519,000 |
| Application Denied By Financial Institution | 26 | $7,910,000 | $304,000 | $845,000 | $42,000 | $106,000 |
| Application Approved But Not Accepted | 2 | $910,000 | $455,000 | $555,000 | $111,000 | $136,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $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 | 62 | $17,820,000 | $287,000 | $965,000 | $94,000 | $519,000 |
| Other | 9 | $3,175,000 | $352,000 | $845,000 | $32,000 | $95,000 |
| Collateral | 7 | $1,995,000 | $285,000 | $615,000 | $52,000 | $72,000 |
| Credit Application Incomplete | 3 | $725,000 | $241,000 | $405,000 | $41,000 | $77,000 |
| Credit History | 3 | $495,000 | $165,000 | $195,000 | $35,000 | $46,000 |
| Debt-To-Income Ratio | 2 | $1,050,000 | $525,000 | $555,000 | $72,000 | $106,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $470,000 | $235,000 | $255,000 | $37,000 | $74,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Chu & Associates, Inc.'s 2018 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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