Chu & Associates, Inc. Mortgage Lending & HMDA Data, 2016
In 2016, Chu & Associates, Inc. of Pasadena, CA reported 211 mortgage applications totaling $61.2 million, about the same as 2015. The average application was for $290,251, and applicants reported an average income of $88,407. 76% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (92), Riverside-San Bernardino-Ontario, CA (31) 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 | 211 |
| Total Mortgage Loan Application Amount | $61,243,000 |
| Average Mortgage Loan Application Amount | $290,251 |
| Highest Mortgage Loan Application Amount | $765,000 |
| Average Applicant Income | $88,407 |
| Highest Applicant Income | $247,000 |
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(HMDA) records Chu & Associates, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Chu & Associates, Inc. in 2016
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 | 184 | $52,328,000 | $284,000 | $765,000 | $87,000 | $244,000 |
| Home Purchase | 27 | $8,915,000 | $330,000 | $640,000 | $98,000 | $247,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 106 | $31,038,000 | $292,000 | $765,000 | $91,000 | $247,000 |
| Hispanic | 76 | $20,912,000 | $275,000 | $484,000 | $82,000 | $244,000 |
| Asian | 19 | $6,294,000 | $331,000 | $625,000 | $98,000 | $210,000 |
| Black or African American | 9 | $2,824,000 | $313,000 | $497,000 | $85,000 | $211,000 |
| American Indian or Alaskan Native | 1 | $175,000 | $175,000 | $175,000 | $133,000 | $133,000 |
| Native Hawaiin 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) | 171 | $49,653,000 | $290,000 | $765,000 | $92,000 | $247,000 |
| FHA-insured (Federal Housing Administration) | 36 | $10,545,000 | $292,000 | $625,000 | $75,000 | $210,000 |
| VA-guaranteed (Veterans Administration) | 4 | $1,045,000 | $261,000 | $480,000 | $77,000 | $130,000 |
| 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 | 160 | $48,050,000 | $300,000 | $765,000 | $93,000 | $244,000 |
| Application Denied By Financial Institution | 36 | $9,297,000 | $258,000 | $492,000 | $80,000 | $247,000 |
| Application Withdrawn By Applicant | 11 | $2,877,000 | $261,000 | $438,000 | $64,000 | $138,000 |
| Application Approved But Not Accepted | 4 | $1,019,000 | $254,000 | $403,000 | $53,000 | $120,000 |
| 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 | 1 | $265,000 | $265,000 | $265,000 | $54,000 | $54,000 |
| Other | 1 | $191,000 | $191,000 | $191,000 | $93,000 | $93,000 |
| Unverifiable Information | 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 2016 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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