Mission Federal Credit Union Mortgage Lending & HMDA Data, 2007
In 2007, Mission Federal Credit Union of San Diego, CA reported 590 mortgage applications totaling $185.2 million, down 49% from 2006. The average application was for $313,815, and applicants reported an average income of $95,294. 28% of its applications resulted in an originated loan and 36% were denied. Its largest markets were San Diego-Carlsbad-San Marcos, CA (430), Riverside-San Bernardino-Ontario, CA (21) and Santa Ana-Anaheim-Irvine, CA (3) (applications in parentheses).
| Mortgage Company & Address | Mission Federal Credit Union 5785 Oberlin Drive San Diego, CA 92131 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 590 |
| Total Mortgage Loan Application Amount | $185,151,000 |
| Average Mortgage Loan Application Amount | $313,815 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $95,294 |
| Highest Applicant Income | $411,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mission Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| San Diego-Carlsbad-San Marcos, CA | 430 | $ 137,567,000 | $ 319,923 | $ 97,000 |
| Riverside-San Bernardino-Ontario, CA | 21 | $ 6,672,000 | $ 317,714 | $ 89,000 |
| Santa Ana-Anaheim-Irvine, CA | 3 | $ 603,000 | $ 201,000 | $ 67,000 |
| Buffalo-Niagara Falls, NY | 2 | $ 61,000 | $ 30,500 | $ 48,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 1,010,000 | $ 505,000 | $ 162,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 409,000 | $ 204,500 | $ 93,000 |
| Yuma, AZ | 2 | $ 478,000 | $ 239,000 | $ 70,000 |
| Bakersfield, CA | 1 | $ 135,000 | $ 135,000 | $ 100,000 |
| El Centro, CA | 1 | $ 112,000 | $ 112,000 | $ 53,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 66,000 | $ 66,000 | $ 100,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 135,000 | $ 135,000 | $ 45,000 |
| Fresno, CA | 1 | $ 150,000 | $ 150,000 | $ 30,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 148,000 | $ 148,000 | $ 105,000 |
| Memphis, TN-MS-AR | 1 | $ 219,000 | $ 219,000 | $ 136,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 91,000 | $ 91,000 | $ 71,000 |
| San Antonio, TX | 1 | $ 123,000 | $ 123,000 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 740,000 | $ 740,000 | $ 338,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 604,000 | $ 604,000 | $ 120,000 |
| Visalia-Porterville, CA | 1 | $ 108,000 | $ 108,000 | $ 112,000 |
Mortgage Loan Application Detail Totals for Mission Federal Credit Union in 2007
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 | 333 | $106,613,000 | $320,000 | $1,400,000 | $91,000 | $359,000 |
| Home Purchase | 248 | $78,048,000 | $314,000 | $1,500,000 | $101,000 | $411,000 |
| Home Improvement | 9 | $490,000 | $54,000 | $100,000 | $97,000 | $165,000 |
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 | 315 | $99,894,000 | $317,000 | $1,500,000 | $100,000 | $411,000 |
| Hispanic | 114 | $34,250,000 | $300,000 | $650,000 | $81,000 | $176,000 |
| Not Provided | 113 | $36,856,000 | $326,000 | $750,000 | $98,000 | $318,000 |
| Black or African American | 18 | $4,350,000 | $241,000 | $387,000 | $87,000 | $136,000 |
| Asian | 17 | $5,686,000 | $334,000 | $604,000 | $92,000 | $165,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $2,901,000 | $362,000 | $624,000 | $103,000 | $150,000 |
| American Indian or Alaskan Native | 3 | $773,000 | $257,000 | $393,000 | $79,000 | $105,000 |
| Not applicable | 2 | $441,000 | $220,000 | $228,000 | $114,000 | $142,000 |
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) | 588 | $184,731,000 | $314,000 | $1,500,000 | $95,000 | $411,000 |
| VA-guaranteed (Veterans Administration) | 2 | $420,000 | $210,000 | $258,000 | $57,000 | $78,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 213 | $71,390,000 | $335,000 | $1,400,000 | $93,000 | $338,000 |
| Application Withdrawn By Applicant | 209 | $68,396,000 | $327,000 | $1,062,000 | $100,000 | $323,000 |
| Loan Originated | 165 | $44,340,000 | $268,000 | $1,500,000 | $92,000 | $411,000 |
| Preapproval Denied by Financial Institution | 3 | $1,025,000 | $341,000 | $600,000 | $91,000 | $165,000 |
| 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 |
| File Closed For Incompleteness | 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 Application Incomplete | 77 | $26,453,000 | $343,000 | $900,000 | $97,000 | $338,000 |
| Other | 53 | $17,512,000 | $330,000 | $700,000 | $93,000 | $261,000 |
| Debt-To-Income Ratio | 40 | $14,801,000 | $370,000 | $1,400,000 | $86,000 | $217,000 |
| Credit History | 21 | $6,771,000 | $322,000 | $630,000 | $89,000 | $175,000 |
| Collateral | 15 | $4,225,000 | $281,000 | $1,057,000 | $116,000 | $317,000 |
| Mortgage Insurance Denied | 6 | $1,131,000 | $188,000 | $474,000 | $37,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,522,000 | $380,000 | $520,000 | $78,000 | $100,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mission Federal Credit Union's 2007 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 Mission Federal 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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