Schoolsfirst FCU Mortgage Lending & HMDA Data, 2014
In 2014, Schoolsfirst FCU of Santa Ana, CA reported 4,802 mortgage applications totaling $1.2 billion, down 34% from 2013. The average application was for $243,075, and applicants reported an average income of $108,439. 62% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (2,554), Riverside-San Bernardino-Ontario, CA (1,321) and Los Angeles-Long Beach-Glendale, CA (728) (applications in parentheses).
| Mortgage Company & Address | Schoolsfirst FCU 2115 N. Broadway Santa Ana, CA 92706 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 | 4,802 |
| Total Mortgage Loan Application Amount | $1,167,249,000 |
| Average Mortgage Loan Application Amount | $243,075 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $108,439 |
| Highest Applicant Income | $639,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Schoolsfirst FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Orange, California | 2,554 | $ 715,854,000 | $ 280,287 | $ 116,000 |
| Riverside, California | 853 | $ 158,519,000 | $ 185,837 | $ 95,000 |
| Los Angeles, California | 728 | $ 162,735,000 | $ 223,537 | $ 103,000 |
| San Bernardino, California | 468 | $ 79,295,000 | $ 169,433 | $ 94,000 |
| San Diego, California | 69 | $ 19,200,000 | $ 278,260 | $ 129,000 |
| Kern, California | 21 | $ 4,098,000 | $ 195,142 | $ 127,000 |
| Ventura, California | 13 | $ 2,634,000 | $ 202,615 | $ 122,000 |
| Sacramento, California | 9 | $ 1,225,000 | $ 136,111 | $ 83,000 |
| Contra Costa, California | 7 | $ 1,815,000 | $ 259,285 | $ 108,000 |
| San Joaquin, California | 7 | $ 1,379,000 | $ 197,000 | $ 107,000 |
| Alameda, California | 6 | $ 2,473,000 | $ 412,166 | $ 120,000 |
| Placer, California | 6 | $ 1,768,000 | $ 294,666 | $ 141,000 |
| Santa Barbara, California | 6 | $ 1,167,000 | $ 194,500 | $ 77,000 |
| Santa Clara, California | 6 | $ 1,442,000 | $ 240,333 | $ 123,000 |
| Fresno, California | 5 | $ 1,111,000 | $ 222,200 | $ 111,000 |
| San Mateo, California | 5 | $ 2,892,000 | $ 578,400 | $ 119,000 |
| Del Norte, California | 3 | $ 271,000 | $ 90,333 | $ 207,000 |
| Mono, California | 3 | $ 483,000 | $ 161,000 | $ 82,000 |
| Monterey, California | 3 | $ 1,442,000 | $ 480,666 | $ 86,000 |
| Santa Cruz, California | 3 | $ 662,000 | $ 220,666 | $ 81,000 |
| Amador, California | 2 | $ 326,000 | $ 163,000 | $ 107,000 |
| Butte, California | 2 | $ 388,000 | $ 194,000 | $ 78,000 |
| Marin, California | 2 | $ 1,460,000 | $ 730,000 | $ 257,000 |
| Mariposa, California | 2 | $ 272,000 | $ 136,000 | $ 149,000 |
| Merced, California | 2 | $ 728,000 | $ 364,000 | $ 95,000 |
| San Luis Obispo, California | 2 | $ 959,000 | $ 479,500 | $ 192,000 |
| Shasta, California | 2 | $ 271,000 | $ 135,500 | $ 57,000 |
| Solano, California | 2 | $ 305,000 | $ 152,500 | $ 74,000 |
| Tulare, California | 2 | $ 273,000 | $ 136,500 | $ 84,000 |
| Imperial, California | 1 | $ 33,000 | $ 33,000 | $ 78,000 |
| Inyo, California | 1 | $ 352,000 | $ 352,000 | $ 118,000 |
| Napa, California | 1 | $ 280,000 | $ 280,000 | $ 48,000 |
| Nevada, California | 1 | $ 290,000 | $ 290,000 | $ 87,000 |
| Plumas, California | 1 | $ 50,000 | $ 50,000 | $ 43,000 |
| San Francisco, California | 1 | $ 255,000 | $ 255,000 | $ 166,000 |
| Stanislaus, California | 1 | $ 135,000 | $ 135,000 | $ 78,000 |
| Sutter, California | 1 | $ 70,000 | $ 70,000 | $ 33,000 |
| Tuolumne, California | 1 | $ 337,000 | $ 337,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for Schoolsfirst FCU 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 |
|---|---|---|---|---|---|---|
| Refinancing | 2,724 | $641,472,000 | $235,000 | $1,500,000 | $108,000 | $630,000 |
| Home Improvement | 1,055 | $173,132,000 | $164,000 | $1,182,000 | $110,000 | $624,000 |
| Home Purchase | 1,023 | $352,645,000 | $344,000 | $999,000 | $108,000 | $639,000 |
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 | 2,453 | $625,338,000 | $254,000 | $1,449,000 | $115,000 | $624,000 |
| Hispanic | 1,282 | $263,573,000 | $205,000 | $1,182,000 | $91,000 | $639,000 |
| Not Provided | 595 | $159,848,000 | $268,000 | $1,500,000 | $117,000 | $630,000 |
| Asian | 298 | $78,409,000 | $263,000 | $994,000 | $108,000 | $370,000 |
| Black or African American | 100 | $19,827,000 | $198,000 | $710,000 | $98,000 | $250,000 |
| Native Hawaiian or Other Pacific Islander | 43 | $11,519,000 | $267,000 | $674,000 | $120,000 | $226,000 |
| American Indian or Alaskan Native | 31 | $8,735,000 | $281,000 | $865,000 | $126,000 | $293,000 |
| 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) | 4,802 | $1,167,249,000 | $243,000 | $1,500,000 | $108,000 | $639,000 |
| 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 | 2,981 | $728,760,000 | $244,000 | $1,500,000 | $112,000 | $639,000 |
| Application Denied By Financial Institution | 1,063 | $241,256,000 | $226,000 | $1,500,000 | $91,000 | $630,000 |
| Application Withdrawn By Applicant | 419 | $111,898,000 | $267,000 | $941,000 | $116,000 | $624,000 |
| File Closed For Incompleteness | 332 | $83,021,000 | $250,000 | $965,000 | $126,000 | $576,000 |
| Application Approved But Not Accepted | 7 | $2,314,000 | $330,000 | $1,042,000 | $105,000 | $330,000 |
| 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 | 545 | $122,907,000 | $225,000 | $1,500,000 | $73,000 | $500,000 |
| Credit History | 354 | $76,496,000 | $216,000 | $885,000 | $110,000 | $630,000 |
| Collateral | 95 | $26,745,000 | $281,000 | $867,000 | $112,000 | $252,000 |
| Other | 31 | $5,393,000 | $173,000 | $1,035,000 | $102,000 | $227,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 25 | $7,058,000 | $282,000 | $532,000 | $100,000 | $202,000 |
| Unverifiable Information | 7 | $1,428,000 | $204,000 | $484,000 | $157,000 | $448,000 |
| Credit Application Incomplete | 3 | $492,000 | $164,000 | $229,000 | $56,000 | $82,000 |
| Mortgage Insurance Denied | 2 | $553,000 | $276,000 | $360,000 | $80,000 | $95,000 |
| Employment History | 1 | $184,000 | $184,000 | $184,000 | $72,000 | $72,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Schoolsfirst FCU'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 Schoolsfirst FCU'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.
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