Chu & Associates, Inc. Mortgage Lending & HMDA Data, 2019
In 2019, Chu & Associates, Inc. of Pasadena, CA reported 62 mortgage applications totaling $20.9 million, down 30% from 2018. The average application was for $336,935, and applicants reported an average income of $84,241. 53% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (25), Riverside-San Bernardino-Ontario, CA (13) and Anaheim-Santa Ana-Irvine, 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 | 62 |
| Total Mortgage Loan Application Amount | $20,890,000 |
| Average Mortgage Loan Application Amount | $336,935 |
| Highest Mortgage Loan Application Amount | $785,000 |
| Average Applicant Income | $84,241 |
| Highest Applicant Income | $307,000 |
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(HMDA) records Chu & Associates, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 25 | $ 10,315,000 | $ 412,600 | $ 89,000 |
| Riverside-San Bernardino-Ontario, CA | 13 | $ 3,345,000 | $ 257,307 | $ 41,000 |
| Anaheim-Santa Ana-Irvine, CA | 4 | $ 1,320,000 | $ 330,000 | $ 100,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 970,000 | $ 485,000 | $ 87,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 510,000 | $ 255,000 | $ 83,000 |
| Bakersfield, CA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Bremerton-Silverdale, WA | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Dallas-Plano-Irving, TX | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 465,000 | $ 465,000 | $ 168,000 |
| Fort Worth-Arlington, TX | 1 | $ 265,000 | $ 265,000 | $ 130,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 245,000 | $ 245,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 215,000 | $ 215,000 | $ 67,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 425,000 | $ 425,000 | $ 197,000 |
| Redding, CA | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Sacramento--Roseville--Arden-Arcade, CA | 1 | $ 365,000 | $ 365,000 | $ 72,000 |
| San Diego-Carlsbad, CA | 1 | $ 285,000 | $ 285,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 335,000 | $ 335,000 | $ 0 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 265,000 | $ 265,000 | $ 59,000 |
| Vallejo-Fairfield, CA | 1 | $ 305,000 | $ 305,000 | $ 93,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Yuba City, CA | 1 | $ 165,000 | $ 165,000 | $ 24,000 |
Mortgage Loan Application Detail Totals for Chu & Associates, Inc. in 2019
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 | 37 | $12,245,000 | $330,000 | $785,000 | $94,000 | $307,000 |
| Home Purchase | 13 | $5,145,000 | $395,000 | $725,000 | $75,000 | $162,000 |
| Refinancing | 10 | $3,010,000 | $301,000 | $535,000 | $77,000 | $87,000 |
| Other Purpose | 2 | $490,000 | $245,000 | $255,000 | $0 | $0 |
| 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 | 32 | $10,620,000 | $331,000 | $725,000 | $59,000 | $162,000 |
| White | 18 | $6,040,000 | $335,000 | $785,000 | $109,000 | $307,000 |
| Asian | 6 | $2,310,000 | $385,000 | $625,000 | $99,000 | $168,000 |
| Black or African American | 6 | $1,920,000 | $320,000 | $395,000 | $98,000 | $130,000 |
| 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) | 44 | $15,170,000 | $344,000 | $785,000 | $85,000 | $307,000 |
| FHA-insured (Federal Housing Administration) | 16 | $5,160,000 | $322,000 | $725,000 | $67,000 | $162,000 |
| VA-guaranteed (Veterans Administration) | 2 | $560,000 | $280,000 | $315,000 | $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 | 33 | $12,325,000 | $373,000 | $725,000 | $91,000 | $307,000 |
| Application Denied By Financial Institution | 26 | $7,320,000 | $281,000 | $525,000 | $40,000 | $130,000 |
| Application Approved But Not Accepted | 2 | $930,000 | $465,000 | $785,000 | $65,000 | $65,000 |
| Application Withdrawn By Applicant | 1 | $315,000 | $315,000 | $315,000 | $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 | 36 | $13,570,000 | $376,000 | $785,000 | $90,000 | $307,000 |
| Other | 17 | $4,775,000 | $280,000 | $525,000 | $42,000 | $130,000 |
| Credit History | 4 | $1,280,000 | $320,000 | $455,000 | $35,000 | $71,000 |
| Debt-To-Income Ratio | 3 | $815,000 | $271,000 | $395,000 | $0 | $0 |
| Employment History | 1 | $205,000 | $205,000 | $205,000 | $0 | $0 |
| Unverifiable Information | 1 | $245,000 | $245,000 | $245,000 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2019 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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