Glendale Area Schools Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Glendale Area Schools Credit Union of Glendale, CA reported 22 mortgage applications totaling $3.6 million, down 12% from 2023. The average application was for $161,818, and applicants reported an average income of $237,363. 82% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (20), Bakersfield, CA (1) and Riverside-San Bernardino-Ontario, CA (1) (applications in parentheses).
| Mortgage Company & Address | Glendale Area Schools Credit Union 1800 Broadview Drive Glendale, CA 91208 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 22 |
| Total Mortgage Loan Application Amount | $3,560,000 |
| Average Mortgage Loan Application Amount | $161,818 |
| Highest Mortgage Loan Application Amount | $255,000 |
| Average Applicant Income | $237,363 |
| Highest Applicant Income | $988,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Glendale Area Schools Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 20 | $ 3,250,000 | $ 162,500 | $ 244,000 |
| Bakersfield, CA | 1 | $ 235,000 | $ 235,000 | $ 130,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 75,000 | $ 75,000 | $ 236,000 |
Mortgage Loan Application Detail Totals for Glendale Area Schools Credit Union in 2024
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 |
|---|---|---|---|---|---|---|
| Home Improvement | 18 | $3,050,000 | $169,000 | $255,000 | $219,000 | $598,000 |
| Other Purpose | 4 | $510,000 | $127,000 | $255,000 | $320,000 | $988,000 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Purchase | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out Refinancing | 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 | 15 | $2,755,000 | $183,000 | $255,000 | $264,000 | $988,000 |
| Asian | 4 | $400,000 | $100,000 | $235,000 | $135,000 | $210,000 |
| Black or African American | 1 | $75,000 | $75,000 | $75,000 | $62,000 | $62,000 |
| Hispanic | 1 | $255,000 | $255,000 | $255,000 | $598,000 | $598,000 |
| Not Provided | 1 | $75,000 | $75,000 | $75,000 | $102,000 | $102,000 |
| 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 |
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) | 21 | $3,305,000 | $157,000 | $255,000 | $241,000 | $988,000 |
| FHA-insured (Federal Housing Administration) | 1 | $255,000 | $255,000 | $255,000 | $173,000 | $173,000 |
| 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 | 18 | $3,120,000 | $173,000 | $255,000 | $263,000 | $988,000 |
| Application Denied By Financial Institution | 2 | $130,000 | $65,000 | $75,000 | $101,000 | $140,000 |
| Application Approved But Not Accepted | 1 | $55,000 | $55,000 | $55,000 | $61,000 | $61,000 |
| File Closed For Incompleteness | 1 | $255,000 | $255,000 | $255,000 | $0 | $0 |
| Application Withdrawn By Applicant | 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 | 20 | $3,430,000 | $171,000 | $255,000 | $253,000 | $988,000 |
| Debt-To-Income Ratio | 2 | $130,000 | $65,000 | $75,000 | $101,000 | $140,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Glendale Area Schools Credit Union's 2024 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 Glendale Area Schools 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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