Luther Burbank Savings Mortgage Lending & HMDA Data, 2017
In 2017, Luther Burbank Savings of Santa Rosa, CA reported 1,813 mortgage applications totaling $2.6 billion, down 20% from 2016. The average application was for $1,438,527, and applicants reported an average income of $149,833. 75% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (731), Anaheim-Santa Ana-Irvine, CA (178) and Oakland-Hayward-Berkeley, CA (169) (applications in parentheses).
| Mortgage Company & Address | Luther Burbank Savings 1500 Rosecrans Ave., Suite 300 Santa Rosa, CA 90266 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2023 2022 2021 2020 2019 2018 2017 2016 |
| Total Number of Mortgage Applications | 1,813 |
| Total Mortgage Loan Application Amount | $2,608,051,000 |
| Average Mortgage Loan Application Amount | $1,438,527 |
| Highest Mortgage Loan Application Amount | $20,840,000 |
| Average Applicant Income | $149,833 |
| Highest Applicant Income | $3,982,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Luther Burbank Savings filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 731 | $ 1,025,264,000 | $ 1,402,549 | $ 112,000 |
| Anaheim-Santa Ana-Irvine, CA | 178 | $ 180,979,000 | $ 1,016,735 | $ 184,000 |
| Oakland-Hayward-Berkeley, CA | 169 | $ 219,979,000 | $ 1,301,650 | $ 155,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 135 | $ 213,568,000 | $ 1,581,985 | $ 242,000 |
| San Diego-Carlsbad, CA | 121 | $ 237,776,000 | $ 1,965,090 | $ 209,000 |
| San Francisco-Redwood City-South San Francisco, CA | 115 | $ 174,111,000 | $ 1,514,008 | $ 224,000 |
| Seattle-Bellevue-Everett, WA | 107 | $ 212,804,000 | $ 1,988,822 | $ 108,000 |
| San Rafael, CA | 44 | $ 61,539,000 | $ 1,398,613 | $ 201,000 |
| Riverside-San Bernardino-Ontario, CA | 39 | $ 50,091,000 | $ 1,284,384 | $ 103,000 |
| Santa Rosa, CA | 30 | $ 22,331,000 | $ 744,366 | $ 148,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 29 | $ 27,769,000 | $ 957,551 | $ 205,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 26 | $ 55,909,000 | $ 2,150,346 | $ 28,000 |
| Santa Maria-Santa Barbara, CA | 22 | $ 31,474,000 | $ 1,430,636 | $ 216,000 |
| Tacoma-Lakewood, WA | 17 | $ 19,117,000 | $ 1,124,529 | $ 142,000 |
| Napa, CA | 13 | $ 11,289,000 | $ 868,384 | $ 176,000 |
| Vallejo-Fairfield, CA | 8 | $ 15,171,000 | $ 1,896,375 | $ 0 |
| Salinas, CA | 5 | $ 10,485,000 | $ 2,097,000 | $ 0 |
| Bremerton-Silverdale, WA | 4 | $ 7,543,000 | $ 1,885,750 | $ 280,000 |
| Hanford-Corcoran, CA | 4 | $ 10,835,000 | $ 2,708,750 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 6,003,000 | $ 2,001,000 | $ 23,000 |
| Santa Cruz-Watsonville, CA | 3 | $ 4,055,000 | $ 1,351,666 | $ 68,000 |
| Stockton-Lodi, CA | 3 | $ 1,488,000 | $ 496,000 | $ 65,000 |
| Madera, CA | 2 | $ 1,690,000 | $ 845,000 | $ 0 |
| Fresno, CA | 1 | $ 1,931,000 | $ 1,931,000 | $ 0 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 921,000 | $ 921,000 | $ 0 |
| Yuba City, CA | 1 | $ 2,865,000 | $ 2,865,000 | $ 0 |
Mortgage Loan Application Detail Totals for Luther Burbank Savings in 2017
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 Purchase | 950 | $1,215,608,000 | $1,279,000 | $20,840,000 | $205,000 | $3,073,000 |
| Refinancing | 779 | $1,257,426,000 | $1,614,000 | $20,000,000 | $82,000 | $3,982,000 |
| Home Improvement | 84 | $135,017,000 | $1,607,000 | $12,900,000 | $155,000 | $2,374,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 765 | $1,493,667,000 | $1,952,000 | $20,840,000 | $0 | $164,000 |
| White | 533 | $623,800,000 | $1,170,000 | $16,500,000 | $313,000 | $3,073,000 |
| Asian | 226 | $240,423,000 | $1,063,000 | $5,850,000 | $222,000 | $1,175,000 |
| Not Provided | 151 | $179,518,000 | $1,188,000 | $4,500,000 | $240,000 | $3,982,000 |
| Hispanic | 101 | $52,869,000 | $523,000 | $6,013,000 | $131,000 | $2,221,000 |
| Black or African American | 31 | $15,500,000 | $500,000 | $1,240,000 | $158,000 | $1,589,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,344,000 | $448,000 | $950,000 | $119,000 | $175,000 |
| American Indian or Alaskan Native | 3 | $930,000 | $310,000 | $690,000 | $58,000 | $88,000 |
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) | 1,810 | $2,606,730,000 | $1,440,000 | $20,840,000 | $150,000 | $3,982,000 |
| FHA-insured (Federal Housing Administration) | 3 | $1,321,000 | $440,000 | $609,000 | $123,000 | $178,000 |
| 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 | 1,355 | $2,046,701,000 | $1,510,000 | $20,840,000 | $119,000 | $2,560,000 |
| Application Denied By Financial Institution | 312 | $351,385,000 | $1,126,000 | $12,750,000 | $202,000 | $3,073,000 |
| Application Approved But Not Accepted | 79 | $109,339,000 | $1,384,000 | $16,500,000 | $312,000 | $2,221,000 |
| Application Withdrawn By Applicant | 46 | $68,133,000 | $1,481,000 | $7,700,000 | $346,000 | $3,982,000 |
| File Closed For Incompleteness | 21 | $32,493,000 | $1,547,000 | $4,811,000 | $309,000 | $991,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 81 | $90,615,000 | $1,118,000 | $4,500,000 | $174,000 | $708,000 |
| Credit History | 76 | $64,273,000 | $845,000 | $4,355,000 | $163,000 | $1,192,000 |
| Collateral | 72 | $106,853,000 | $1,484,000 | $12,750,000 | $140,000 | $1,190,000 |
| Other | 43 | $51,981,000 | $1,208,000 | $8,500,000 | $348,000 | $3,073,000 |
| Credit Application Incomplete | 11 | $15,137,000 | $1,376,000 | $3,000,000 | $437,000 | $2,373,000 |
| Employment History | 11 | $9,994,000 | $908,000 | $1,860,000 | $206,000 | $394,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $4,790,000 | $532,000 | $1,300,000 | $154,000 | $225,000 |
| Unverifiable Information | 8 | $6,902,000 | $862,000 | $2,298,000 | $340,000 | $1,055,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Luther Burbank Savings's 2017 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 Luther Burbank Savings'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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