Health Associates Federal C U Mortgage Lending & HMDA Data, 2014
In 2014, Health Associates Federal C U of Orange, CA reported 17 mortgage applications totaling $1.3 million. The average application was for $74,941, and applicants reported an average income of $121,294. 76% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (9), Riverside-San Bernardino-Ontario, CA (5) and Los Angeles-Long Beach-Glendale, CA (2) (applications in parentheses).
| Mortgage Company & Address | Health Associates Federal C U 530 S Main St Ste 100 Orange, CA 92868 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2012 2011 2010 2009 2008 2006 2005 2004 |
| Total Number of Mortgage Applications | 17 |
| Total Mortgage Loan Application Amount | $1,274,000 |
| Average Mortgage Loan Application Amount | $74,941 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $121,294 |
| Highest Applicant Income | $489,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Health Associates Federal C U filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Health Associates Federal C U in 2014
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 | 15 | $642,000 | $42,000 | $80,000 | $118,000 | $489,000 |
| Refinancing | 2 | $632,000 | $316,000 | $417,000 | $146,000 | $241,000 |
| Home Purchase | 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 | 9 | $759,000 | $84,000 | $417,000 | $114,000 | $241,000 |
| Hispanic | 4 | $350,000 | $87,000 | $215,000 | $175,000 | $489,000 |
| Asian | 3 | $95,000 | $31,000 | $35,000 | $77,000 | $102,000 |
| Black or African American | 1 | $70,000 | $70,000 | $70,000 | $107,000 | $107,000 |
| 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) | 17 | $1,274,000 | $74,000 | $417,000 | $121,000 | $489,000 |
| 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 | 13 | $1,074,000 | $82,000 | $417,000 | $100,000 | $241,000 |
| Application Denied By Financial Institution | 4 | $200,000 | $50,000 | $70,000 | $192,000 | $489,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $30,000 | $30,000 | $30,000 | $84,000 | $84,000 |
| Debt-To-Income Ratio | 1 | $70,000 | $70,000 | $70,000 | $107,000 | $107,000 |
| Collateral | 1 | $50,000 | $50,000 | $50,000 | $489,000 | $489,000 |
| Other | 1 | $50,000 | $50,000 | $50,000 | $89,000 | $89,000 |
| Unverifiable Information | 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 Health Associates Federal C U's 2014 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 Health Associates Federal C U'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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