Cit Bank, National Association Mortgage Lending & HMDA Data, 2017
In 2017, Cit Bank, National Association of Pasadena, CA reported 1,975 mortgage applications totaling $2.9 billion, up 21% from 2016. The average application was for $1,455,094, and applicants reported an average income of $250,305. 41% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (757), Anaheim-Santa Ana-Irvine, CA (250) and San Diego-Carlsbad, CA (197) (applications in parentheses).
| Mortgage Company & Address | Cit Bank, National Association 75 N. Fair Oaks Ave. Pasadena, CA 91103 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 1,975 |
| Total Mortgage Loan Application Amount | $2,873,812,000 |
| Average Mortgage Loan Application Amount | $1,455,094 |
| Highest Mortgage Loan Application Amount | $68,959,000 |
| Average Applicant Income | $250,305 |
| Highest Applicant Income | $9,348,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cit Bank, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles, California | 757 | $ 817,656,000 | $ 1,080,126 | $ 227,000 |
| Orange, California | 250 | $ 244,951,000 | $ 979,804 | $ 294,000 |
| San Diego, California | 197 | $ 337,488,000 | $ 1,713,137 | $ 228,000 |
| Riverside, California | 89 | $ 39,171,000 | $ 440,123 | $ 151,000 |
| San Bernardino, California | 89 | $ 162,309,000 | $ 1,823,696 | $ 119,000 |
| Ventura, California | 60 | $ 93,751,000 | $ 1,562,516 | $ 191,000 |
| Santa Clara, California | 35 | $ 105,341,000 | $ 3,009,742 | $ 269,000 |
| Contra Costa, California | 32 | $ 33,639,000 | $ 1,051,218 | $ 312,000 |
| Alameda, California | 29 | $ 24,963,000 | $ 860,793 | $ 240,000 |
| King, Washington | 24 | $ 68,454,000 | $ 2,852,250 | $ 235,000 |
| Santa Barbara, California | 21 | $ 29,235,000 | $ 1,392,142 | $ 581,000 |
| San Mateo, California | 20 | $ 23,320,000 | $ 1,166,000 | $ 290,000 |
| San Francisco, California | 16 | $ 15,044,000 | $ 940,250 | $ 333,000 |
| Clark, Nevada | 16 | $ 9,846,000 | $ 615,375 | $ 220,000 |
| Maricopa, Arizona | 15 | $ 8,047,000 | $ 536,466 | $ 229,000 |
| Cook, Illinois | 14 | $ 67,864,000 | $ 4,847,428 | $ 272,000 |
| Marin, California | 13 | $ 14,582,000 | $ 1,121,692 | $ 341,000 |
| Sonoma, California | 13 | $ 11,751,000 | $ 903,923 | $ 377,000 |
| Santa Cruz, California | 10 | $ 9,270,000 | $ 927,000 | $ 254,000 |
| New York, New York | 10 | $ 30,790,000 | $ 3,079,000 | $ 1,910,000 |
| Sacramento, California | 9 | $ 28,210,000 | $ 3,134,444 | $ 117,000 |
| Dallas, Texas | 9 | $ 35,133,000 | $ 3,903,666 | $ 303,000 |
| Placer, California | 8 | $ 6,089,000 | $ 761,125 | $ 300,000 |
| Fresno, California | 6 | $ 4,110,000 | $ 685,000 | $ 820,000 |
| Nassau, New York | 6 | $ 5,771,000 | $ 961,833 | $ 405,000 |
| Washington, Oregon | 6 | $ 61,797,000 | $ 10,299,500 | $ 301,000 |
| El Dorado, California | 5 | $ 3,662,000 | $ 732,400 | $ 236,000 |
| Kern, California | 5 | $ 2,309,000 | $ 461,800 | $ 148,000 |
| Queens, New York | 5 | $ 51,416,000 | $ 10,283,200 | $ 127,000 |
| Philadelphia, Pennsylvania | 5 | $ 39,380,000 | $ 7,876,000 | $ 233,000 |
| Denton, Texas | 5 | $ 2,401,000 | $ 480,200 | $ 199,000 |
| Snohomish, Washington | 5 | $ 3,464,000 | $ 692,800 | $ 155,000 |
| Monterey, California | 4 | $ 3,829,000 | $ 957,250 | $ 273,000 |
| DuPage, Illinois | 4 | $ 2,757,000 | $ 689,250 | $ 295,000 |
| Middlesex, Massachusetts | 4 | $ 2,597,000 | $ 649,250 | $ 202,000 |
| Norfolk, Massachusetts | 4 | $ 2,968,000 | $ 742,000 | $ 229,000 |
| Kings, New York | 4 | $ 3,528,000 | $ 882,000 | $ 312,000 |
| Harris, Texas | 4 | $ 3,287,000 | $ 821,750 | $ 215,000 |
| Fairfax, Virginia | 4 | $ 7,660,000 | $ 1,915,000 | $ 190,000 |
| Napa, California | 3 | $ 2,885,000 | $ 961,666 | $ 285,000 |
| San Luis Obispo, California | 3 | $ 2,025,000 | $ 675,000 | $ 230,000 |
| Solano, California | 3 | $ 1,849,000 | $ 616,333 | $ 203,000 |
| Arapahoe, Colorado | 3 | $ 1,196,000 | $ 398,666 | $ 142,000 |
| Boulder, Colorado | 3 | $ 1,990,000 | $ 663,333 | $ 211,000 |
| Denver, Colorado | 3 | $ 1,150,000 | $ 383,333 | $ 318,000 |
| Fairfield, Connecticut | 3 | $ 1,624,000 | $ 541,333 | $ 174,000 |
| District of Columbia, District Of Columbia | 3 | $ 2,257,000 | $ 752,333 | $ 264,000 |
| Miami-Dade, Florida | 3 | $ 67,872,000 | $ 22,624,000 | $ 82,000 |
| Howard, Maryland | 3 | $ 1,952,000 | $ 650,666 | $ 196,000 |
| Clackamas, Oregon | 3 | $ 1,754,000 | $ 584,666 | $ 168,000 |
| Tarrant, Texas | 3 | $ 1,868,000 | $ 622,666 | $ 496,000 |
| Salt Lake, Utah | 3 | $ 56,337,000 | $ 18,779,000 | $ 192,000 |
| San Joaquin, California | 2 | $ 1,074,000 | $ 537,000 | $ 221,000 |
| Douglas, Colorado | 2 | $ 1,513,000 | $ 756,500 | $ 303,000 |
| Walton, Florida | 2 | $ 2,211,000 | $ 1,105,500 | $ 817,000 |
| Hawaii, Hawaii | 2 | $ 929,000 | $ 464,500 | $ 56,000 |
| Kauai, Hawaii | 2 | $ 1,944,000 | $ 972,000 | $ 162,000 |
| Ada, Idaho | 2 | $ 900,000 | $ 450,000 | $ 240,000 |
| Barnstable, Massachusetts | 2 | $ 661,000 | $ 330,500 | $ 113,000 |
| Suffolk, Massachusetts | 2 | $ 977,000 | $ 488,500 | $ 256,000 |
| Scott, Minnesota | 2 | $ 1,140,000 | $ 570,000 | $ 174,000 |
| Washoe, Nevada | 2 | $ 1,308,000 | $ 654,000 | $ 180,000 |
| Bergen, New Jersey | 2 | $ 2,020,000 | $ 1,010,000 | $ 2,219,000 |
| Monmouth, New Jersey | 2 | $ 1,576,000 | $ 788,000 | $ 336,000 |
| Dutchess, New York | 2 | $ 668,000 | $ 334,000 | $ 102,000 |
| Suffolk, New York | 2 | $ 1,353,000 | $ 676,500 | $ 238,000 |
| Wake, North Carolina | 2 | $ 25,240,000 | $ 12,620,000 | $ 102,000 |
| Montgomery, Pennsylvania | 2 | $ 1,431,000 | $ 715,500 | $ 427,000 |
| Bexar, Texas | 2 | $ 1,564,000 | $ 782,000 | $ 274,000 |
| Travis, Texas | 2 | $ 3,954,000 | $ 1,977,000 | $ 722,000 |
| Loudoun, Virginia | 2 | $ 1,818,000 | $ 909,000 | $ 215,000 |
| Kittitas, Washington | 2 | $ 1,408,000 | $ 704,000 | $ 385,000 |
| Pierce, Washington | 2 | $ 3,089,000 | $ 1,544,500 | $ 592,000 |
| Anchorage, Alaska | 1 | $ 960,000 | $ 960,000 | $ 414,000 |
| Pima, Arizona | 1 | $ 590,000 | $ 590,000 | $ 400,000 |
| Butte, California | 1 | $ 455,000 | $ 455,000 | $ 171,000 |
| Madera, California | 1 | $ 189,000 | $ 189,000 | $ 169,000 |
| Mariposa, California | 1 | $ 285,000 | $ 285,000 | $ 99,000 |
| Mono, California | 1 | $ 1,500,000 | $ 1,500,000 | $ 929,000 |
| Nevada, California | 1 | $ 491,000 | $ 491,000 | $ 386,000 |
| Plumas, California | 1 | $ 192,000 | $ 192,000 | $ 146,000 |
| San Benito, California | 1 | $ 685,000 | $ 685,000 | $ 144,000 |
| Siskiyou, California | 1 | $ 469,000 | $ 469,000 | $ 173,000 |
| Yolo, California | 1 | $ 632,000 | $ 632,000 | $ 130,000 |
| Jefferson, Colorado | 1 | $ 155,000 | $ 155,000 | $ 38,000 |
| Leon, Florida | 1 | $ 37,300,000 | $ 37,300,000 | $ 0 |
| Manatee, Florida | 1 | $ 880,000 | $ 880,000 | $ 522,000 |
| Palm Beach, Florida | 1 | $ 500,000 | $ 500,000 | $ 378,000 |
| Santa Rosa, Florida | 1 | $ 129,000 | $ 129,000 | $ 44,000 |
| Volusia, Florida | 1 | $ 283,000 | $ 283,000 | $ 130,000 |
| Gwinnett, Georgia | 1 | $ 344,000 | $ 344,000 | $ 103,000 |
| Henry, Georgia | 1 | $ 354,000 | $ 354,000 | $ 109,000 |
| Honolulu, Hawaii | 1 | $ 915,000 | $ 915,000 | $ 434,000 |
| McHenry, Illinois | 1 | $ 630,000 | $ 630,000 | $ 250,000 |
| Johnson, Kansas | 1 | $ 520,000 | $ 520,000 | $ 170,000 |
| Jefferson, Kentucky | 1 | $ 130,000 | $ 130,000 | $ 155,000 |
| Baltimore City, Maryland | 1 | $ 1,000,000 | $ 1,000,000 | $ 257,000 |
| Montgomery, Maryland | 1 | $ 980,000 | $ 980,000 | $ 239,000 |
| Prince George's, Maryland | 1 | $ 360,000 | $ 360,000 | $ 165,000 |
| Worcester, Maryland | 1 | $ 78,000 | $ 78,000 | $ 76,000 |
| Essex, Massachusetts | 1 | $ 975,000 | $ 975,000 | $ 386,000 |
| Plymouth, Massachusetts | 1 | $ 850,000 | $ 850,000 | $ 339,000 |
| Kent, Michigan | 1 | $ 35,587,000 | $ 35,587,000 | $ 0 |
| Jefferson, Montana | 1 | $ 160,000 | $ 160,000 | $ 66,000 |
| Hudson, New Jersey | 1 | $ 47,500,000 | $ 47,500,000 | $ 0 |
| Ocean, New Jersey | 1 | $ 160,000 | $ 160,000 | $ 215,000 |
| Santa Fe, New Mexico | 1 | $ 550,000 | $ 550,000 | $ 108,000 |
| Essex, New York | 1 | $ 788,000 | $ 788,000 | $ 660,000 |
| Currituck, North Carolina | 1 | $ 458,000 | $ 458,000 | $ 192,000 |
| Forsyth, North Carolina | 1 | $ 245,000 | $ 245,000 | $ 82,000 |
| Iredell, North Carolina | 1 | $ 900,000 | $ 900,000 | $ 42,000 |
| Transylvania, North Carolina | 1 | $ 244,000 | $ 244,000 | $ 86,000 |
| Delaware, Ohio | 1 | $ 815,000 | $ 815,000 | $ 682,000 |
| Hamilton, Ohio | 1 | $ 378,000 | $ 378,000 | $ 374,000 |
| Warren, Ohio | 1 | $ 425,000 | $ 425,000 | $ 143,000 |
| Josephine, Oregon | 1 | $ 285,000 | $ 285,000 | $ 50,000 |
| Marion, Oregon | 1 | $ 516,000 | $ 516,000 | $ 90,000 |
| Multnomah, Oregon | 1 | $ 33,020,000 | $ 33,020,000 | $ 0 |
| Centre, Pennsylvania | 1 | $ 639,000 | $ 639,000 | $ 325,000 |
| Chester, Pennsylvania | 1 | $ 51,000,000 | $ 51,000,000 | $ 0 |
| Luzerne, Pennsylvania | 1 | $ 560,000 | $ 560,000 | $ 300,000 |
| Northampton, Pennsylvania | 1 | $ 338,000 | $ 338,000 | $ 197,000 |
| Spartanburg, South Carolina | 1 | $ 341,000 | $ 341,000 | $ 120,000 |
| Shelby, Tennessee | 1 | $ 92,000 | $ 92,000 | $ 89,000 |
| Fort Bend, Texas | 1 | $ 560,000 | $ 560,000 | $ 250,000 |
| Summit, Utah | 1 | $ 768,000 | $ 768,000 | $ 567,000 |
| Tooele, Utah | 1 | $ 130,000 | $ 130,000 | $ 40,000 |
| Wasatch, Utah | 1 | $ 1,125,000 | $ 1,125,000 | $ 50,000 |
| Alexandria, Virginia | 1 | $ 886,000 | $ 886,000 | $ 682,000 |
| Arlington, Virginia | 1 | $ 296,000 | $ 296,000 | $ 84,000 |
| Henrico, Virginia | 1 | $ 452,000 | $ 452,000 | $ 87,000 |
| Norfolk, Virginia | 1 | $ 552,000 | $ 552,000 | $ 393,000 |
| Jefferson, Washington | 1 | $ 241,000 | $ 241,000 | $ 76,000 |
| Spokane, Washington | 1 | $ 375,000 | $ 375,000 | $ 160,000 |
| Hampshire, West Virginia | 1 | $ 104,000 | $ 104,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Cit Bank, National Association 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 | 1,021 | $1,633,674,000 | $1,600,000 | $68,959,000 | $234,000 | $4,646,000 |
| Refinancing | 920 | $1,183,397,000 | $1,286,000 | $58,748,000 | $271,000 | $9,348,000 |
| Home Improvement | 34 | $56,741,000 | $1,668,000 | $36,589,000 | $180,000 | $807,000 |
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 | 1,086 | $922,063,000 | $849,000 | $11,100,000 | $306,000 | $6,802,000 |
| Hispanic | 293 | $118,090,000 | $403,000 | $3,000,000 | $108,000 | $1,238,000 |
| Asian | 244 | $178,331,000 | $730,000 | $8,291,000 | $217,000 | $2,295,000 |
| Not Provided | 202 | $178,976,000 | $886,000 | $4,793,000 | $328,000 | $9,348,000 |
| Not applicable | 88 | $1,441,953,000 | $16,385,000 | $68,959,000 | $0 | $0 |
| Black or African American | 48 | $24,735,000 | $515,000 | $3,892,000 | $188,000 | $2,985,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $5,741,000 | $574,000 | $1,200,000 | $109,000 | $161,000 |
| American Indian or Alaskan Native | 4 | $3,923,000 | $980,000 | $1,280,000 | $326,000 | $552,000 |
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) | 1,653 | $2,765,130,000 | $1,672,000 | $68,959,000 | $284,000 | $9,348,000 |
| FHA-insured (Federal Housing Administration) | 322 | $108,682,000 | $337,000 | $747,000 | $76,000 | $280,000 |
| 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 | 817 | $1,058,304,000 | $1,295,000 | $65,870,000 | $299,000 | $9,348,000 |
| Loan Purchased By The Institution | 394 | $197,155,000 | $500,000 | $5,795,000 | $90,000 | $548,000 |
| Application Withdrawn By Applicant | 364 | $997,795,000 | $2,741,000 | $68,959,000 | $290,000 | $6,802,000 |
| Application Denied By Financial Institution | 292 | $537,053,000 | $1,839,000 | $67,389,000 | $276,000 | $4,646,000 |
| File Closed For Incompleteness | 75 | $46,627,000 | $621,000 | $2,640,000 | $207,000 | $747,000 |
| Preapproval Denied by Financial Institution | 20 | $21,114,000 | $1,055,000 | $3,500,000 | $275,000 | $1,898,000 |
| Application Approved But Not Accepted | 13 | $15,764,000 | $1,212,000 | $2,820,000 | $572,000 | $1,967,000 |
| Preapproval Approved but not Accepted | 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 | 155 | $136,826,000 | $882,000 | $5,000,000 | $174,000 | $762,000 |
| Credit History | 62 | $102,785,000 | $1,657,000 | $51,000,000 | $316,000 | $4,008,000 |
| Other | 35 | $263,895,000 | $7,539,000 | $67,389,000 | $501,000 | $4,646,000 |
| Collateral | 32 | $25,891,000 | $809,000 | $4,900,000 | $301,000 | $895,000 |
| Unverifiable Information | 13 | $13,284,000 | $1,021,000 | $1,920,000 | $241,000 | $405,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $11,921,000 | $1,083,000 | $3,500,000 | $413,000 | $1,898,000 |
| Employment History | 3 | $2,585,000 | $861,000 | $1,100,000 | $1,477,000 | $2,160,000 |
| Credit Application Incomplete | 1 | $980,000 | $980,000 | $980,000 | $261,000 | $261,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cit Bank, National Association'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 Cit Bank, National Association'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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