Coasthills Credit Union Mortgage Lending & HMDA Data, 2006
In 2006, Coasthills Credit Union of Lompoc, CA reported 577 mortgage applications totaling $109.6 million, up 76% from 2005. The average application was for $189,901, and applicants reported an average income of $83,927. 60% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Santa Barbara-Santa Maria, CA (413), San Luis Obispo-Paso Robles, CA (99) and Riverside-San Bernardino-Ontario, CA (8) (applications in parentheses).
| Mortgage Company & Address | Coasthills Credit Union 3880 Constellation Road Lompoc, CA 93436 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 577 |
| Total Mortgage Loan Application Amount | $109,573,000 |
| Average Mortgage Loan Application Amount | $189,901 |
| Highest Mortgage Loan Application Amount | $1,596,000 |
| Average Applicant Income | $83,927 |
| Highest Applicant Income | $1,167,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Coasthills Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Santa Barbara-Santa Maria, CA | 413 | $ 73,192,000 | $ 177,220 | $ 80,000 |
| San Luis Obispo-Paso Robles, CA | 99 | $ 21,053,000 | $ 212,656 | $ 97,000 |
| Riverside-San Bernardino-Ontario, CA | 8 | $ 2,451,000 | $ 306,375 | $ 108,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 7 | $ 1,495,000 | $ 213,571 | $ 118,000 |
| Los Angeles-Long Beach-Glendale, CA | 5 | $ 1,012,000 | $ 202,400 | $ 68,000 |
| Bakersfield, CA | 4 | $ 819,000 | $ 204,750 | $ 95,000 |
| Oakland-Fremont-Hayward, CA | 3 | $ 894,000 | $ 298,000 | $ 152,000 |
| Madera, CA | 2 | $ 130,000 | $ 65,000 | $ 97,000 |
| Merced, CA | 2 | $ 697,000 | $ 348,500 | $ 52,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 325,000 | $ 162,500 | $ 49,000 |
| Salinas, CA | 2 | $ 125,000 | $ 62,500 | $ 138,000 |
| Santa Rosa-Petaluma, CA | 2 | $ 515,000 | $ 257,500 | $ 118,000 |
| Vallejo-Fairfield, CA | 2 | $ 547,000 | $ 273,500 | $ 99,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 140,000 | $ 140,000 | $ 46,000 |
| Fresno, CA | 1 | $ 250,000 | $ 250,000 | $ 45,000 |
| Modesto, CA | 1 | $ 265,000 | $ 265,000 | $ 41,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 472,000 | $ 472,000 | $ 152,000 |
| Yuba City, CA | 1 | $ 40,000 | $ 40,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Coasthills Credit Union in 2006
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 | 437 | $80,255,000 | $183,000 | $675,000 | $84,000 | $478,000 |
| Home Purchase | 91 | $23,892,000 | $262,000 | $1,596,000 | $69,000 | $168,000 |
| Home Improvement | 49 | $5,426,000 | $110,000 | $519,000 | $111,000 | $1,167,000 |
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 | 282 | $54,073,000 | $191,000 | $1,596,000 | $92,000 | $1,167,000 |
| Not Provided | 154 | $29,976,000 | $194,000 | $626,000 | $79,000 | $234,000 |
| Hispanic | 84 | $15,634,000 | $186,000 | $580,000 | $64,000 | $146,000 |
| Asian | 27 | $4,226,000 | $156,000 | $416,000 | $82,000 | $478,000 |
| Black or African American | 22 | $4,463,000 | $202,000 | $486,000 | $94,000 | $173,000 |
| American Indian or Alaskan Native | 6 | $817,000 | $136,000 | $295,000 | $84,000 | $129,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $384,000 | $192,000 | $284,000 | $95,000 | $124,000 |
| Not applicable | 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) | 577 | $109,573,000 | $189,000 | $1,596,000 | $84,000 | $1,167,000 |
| 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 |
| VA-guaranteed (Veterans Administration) | 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 | 347 | $59,373,000 | $171,000 | $675,000 | $88,000 | $478,000 |
| Application Withdrawn By Applicant | 105 | $19,881,000 | $189,000 | $600,000 | $88,000 | $1,167,000 |
| Application Denied By Financial Institution | 84 | $19,244,000 | $229,000 | $1,596,000 | $59,000 | $199,000 |
| Application Approved But Not Accepted | 41 | $11,075,000 | $270,000 | $516,000 | $96,000 | $234,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 57 | $13,371,000 | $234,000 | $1,596,000 | $60,000 | $199,000 |
| Debt-To-Income Ratio | 24 | $5,349,000 | $222,000 | $536,000 | $54,000 | $124,000 |
| Credit History | 2 | $111,000 | $55,000 | $60,000 | $86,000 | $99,000 |
| Unverifiable Information | 1 | $413,000 | $413,000 | $413,000 | $85,000 | $85,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Coasthills Credit Union's 2006 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 Coasthills Credit Union'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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