Cit Bank, National Association Mortgage Lending & HMDA Data, 2019

In 2019, Cit Bank, National Association of Pasadena, CA reported 3,918 mortgage applications totaling $3.6 billion, up 15% from 2018. The average application was for $924,760, and applicants reported an average income of $243,987. 56% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (970), Anaheim-Santa Ana-Irvine, CA (296) and Seattle-Bellevue-Everett, WA (266) (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 3,918
Total Mortgage Loan Application Amount $3,623,210,000
Average Mortgage Loan Application Amount $924,760
Highest Mortgage Loan Application Amount $56,005,000
Average Applicant Income $243,987
Highest Applicant Income $3,621,000

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records Cit Bank, National Association filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Cit Bank, National Association by Metropolitan Area in 2019

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 970 $ 1,075,340,000 $ 1,108,597 $ 238,000
Anaheim-Santa Ana-Irvine, CA 296 $ 252,240,000 $ 852,162 $ 251,000
Seattle-Bellevue-Everett, WA 266 $ 226,350,000 $ 850,939 $ 252,000
San Diego-Carlsbad, CA 235 $ 206,015,000 $ 876,659 $ 233,000
Riverside-San Bernardino-Ontario, CA 147 $ 114,875,000 $ 781,462 $ 140,000
Oakland-Hayward-Berkeley, CA 124 $ 123,910,000 $ 999,274 $ 249,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 122 $ 87,900,000 $ 720,491 $ 241,434
Denver-Aurora-Lakewood, CO 102 $ 85,750,000 $ 840,686 $ 270,000
Phoenix-Mesa-Scottsdale, AZ 97 $ 126,625,000 $ 1,305,412 $ 311,000
Sacramento--Roseville--Arden-Arcade, CA 93 $ 64,285,000 $ 691,236 $ 231,000
San Jose-Sunnyvale-Santa Clara, CA 75 $ 70,555,000 $ 940,733 $ 267,000
Portland-Vancouver-Hillsboro, OR-WA 73 $ 54,785,000 $ 750,479 $ 249,246
San Francisco-Redwood City-South San Francisco, CA 72 $ 68,870,000 $ 956,527 $ 257,000
Oxnard-Thousand Oaks-Ventura, CA 67 $ 50,665,000 $ 756,194 $ 265,000
Outside any metro area 63 $ 41,295,000 $ 655,476 $ 289,873
Santa Maria-Santa Barbara, CA 58 $ 54,490,000 $ 939,482 $ 295,000
Las Vegas-Henderson-Paradise, NV 49 $ 22,035,000 $ 449,693 $ 185,000
Cambridge-Newton-Framingham, MA 48 $ 38,650,000 $ 805,208 $ 257,000
Atlanta-Sandy Springs-Roswell, GA 46 $ 32,400,000 $ 704,347 $ 284,000
Boston, MA 37 $ 28,375,000 $ 766,891 $ 234,000
New York-Jersey City-White Plains, NY-NJ 36 $ 22,590,000 $ 627,500 $ 200,666
Dallas-Plano-Irving, TX 34 $ 79,800,000 $ 2,347,058 $ 274,000
Houston-The Woodlands-Sugar Land, TX 32 $ 19,720,000 $ 616,250 $ 253,000
Baltimore-Columbia-Towson, MD 30 $ 18,140,000 $ 604,666 $ 260,000
Chicago-Naperville, IL 28 $ 18,260,000 $ 652,142 $ 256,000
Minneapolis-St. Paul-Bloomington, MN-WI 28 $ 22,640,000 $ 808,571 $ 338,000
Nashville-Davidson--Murfreesboro--Franklin, TN 25 $ 14,625,000 $ 585,000 $ 217,000
San Rafael, CA 25 $ 25,645,000 $ 1,025,800 $ 256,000
Raleigh, NC 24 $ 12,300,000 $ 512,500 $ 242,000
Washington-Baltimore-Arlington, DC 24 $ 17,040,000 $ 710,000 $ 243,000
Salt Lake City, UT 23 $ 14,725,000 $ 640,217 $ 191,000
Charlotte-Concord-Gastonia, NC-SC 21 $ 13,275,000 $ 632,142 $ 244,428
Boulder, CO 18 $ 16,330,000 $ 907,222 $ 338,000
Salinas, CA 16 $ 14,140,000 $ 883,750 $ 247,000
West Palm Beach-Boca Raton-Delray Beach, FL 16 $ 9,900,000 $ 618,750 $ 286,000
Bend-Redmond, OR 14 $ 11,240,000 $ 802,857 $ 407,000
Newark, NJ-PA 14 $ 8,020,000 $ 572,857 $ 270,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 13 $ 8,255,000 $ 635,000 $ 204,000
Tacoma-Lakewood, WA 13 $ 9,905,000 $ 761,923 $ 337,000
Tampa-St. Petersburg-Clearwater, FL 13 $ 117,565,000 $ 9,043,461 $ 178,000
Miami-Miami Beach-Kendall, FL 12 $ 7,930,000 $ 660,833 $ 330,000
New York-Newark, NY 12 $ 5,730,000 $ 477,500 $ 230,000
San Luis Obispo-Paso Robles-Arroyo Grande, CA 11 $ 9,955,000 $ 905,000 $ 218,000
Austin-Round Rock, TX 10 $ 8,640,000 $ 864,000 $ 333,000
Fort Worth-Arlington, TX 10 $ 31,300,000 $ 3,130,000 $ 433,000
Fresno, CA 10 $ 5,140,000 $ 514,000 $ 193,000
Provo-Orem, UT 10 $ 6,470,000 $ 647,000 $ 174,000
Durham-Chapel Hill, NC 9 $ 5,455,000 $ 606,111 $ 280,000
Montgomery County-Bucks County-Chester County, PA 9 $ 4,275,000 $ 475,000 $ 271,000
Nassau County-Suffolk County, NY 9 $ 8,555,000 $ 950,555 $ 319,000
Reno, NV 9 $ 5,735,000 $ 637,222 $ 332,000
Bridgeport-Stamford-Norwalk, CT 8 $ 7,740,000 $ 967,500 $ 386,000
Santa Cruz-Watsonville, CA 8 $ 7,220,000 $ 902,500 $ 228,000
Santa Rosa, CA 8 $ 6,010,000 $ 751,250 $ 234,000
Kansas City, MO-KS 7 $ 37,465,000 $ 5,352,142 $ 219,285
Bakersfield, CA 6 $ 2,340,000 $ 390,000 $ 185,000
Rockingham County-Strafford County, NH 6 $ 2,840,000 $ 473,333 $ 166,000
Stockton-Lodi, CA 6 $ 3,870,000 $ 645,000 $ 226,000
Tucson, AZ 6 $ 4,130,000 $ 688,333 $ 247,000
Colorado Springs, CO 5 $ 2,815,000 $ 563,000 $ 264,000
Milwaukee-Waukesha-West Allis, WI 5 $ 2,715,000 $ 543,000 $ 239,000
Philadelphia, PA 5 $ 2,735,000 $ 547,000 $ 256,000
Santa Fe, NM 5 $ 4,775,000 $ 955,000 $ 288,000
St. Louis, MO-IL 5 $ 4,685,000 $ 937,000 $ 622,000
Charleston-North Charleston, SC 4 $ 2,190,000 $ 547,500 $ 226,000
Jacksonville, FL 4 $ 2,420,000 $ 605,000 $ 217,000
Knoxville, TN 4 $ 1,420,000 $ 355,000 $ 180,000
Napa, CA 4 $ 3,110,000 $ 777,500 $ 293,000
Ogden-Clearfield, UT 4 $ 2,670,000 $ 667,500 $ 169,000
Orlando-Kissimmee-Sanford, FL 4 $ 2,340,000 $ 585,000 $ 258,000
Port St. Lucie, FL 4 $ 3,370,000 $ 842,500 $ 268,000
Portland-South Portland, ME 4 $ 1,720,000 $ 430,000 $ 306,000
Providence-Warwick, RI-MA 4 $ 2,620,000 $ 655,000 $ 401,000
Warren-Troy-Farmington Hills, MI 4 $ 3,180,000 $ 795,000 $ 177,000
Worcester, MA-CT 4 $ 1,860,000 $ 465,000 $ 212,000
Bellingham, WA 3 $ 2,225,000 $ 741,666 $ 303,000
Bremerton-Silverdale, WA 3 $ 2,345,000 $ 781,666 $ 258,000
Cleveland-Elyria, OH 3 $ 735,000 $ 245,000 $ 218,000
Columbus, OH 3 $ 2,275,000 $ 758,333 $ 249,000
Fayetteville-Springdale-Rogers, AR-MO 3 $ 905,000 $ 301,666 $ 118,000
Fort Collins, CO 3 $ 1,915,000 $ 638,333 $ 190,000
Medford, OR 3 $ 1,475,000 $ 491,666 $ 207,000
Memphis, TN-MS-AR 3 $ 1,335,000 $ 445,000 $ 210,000
New Orleans-Metairie, LA 3 $ 1,675,000 $ 558,333 $ 178,000
North Port-Sarasota-Bradenton, FL 3 $ 1,585,000 $ 528,333 $ 186,000
Olympia-Tumwater, WA 3 $ 655,000 $ 218,333 $ 132,000
Tallahassee, FL 3 $ 885,000 $ 295,000 $ 150,000
Toledo, OH 3 $ 1,795,000 $ 598,333 $ 175,000
Urban Honolulu, HI 3 $ 4,585,000 $ 1,528,333 $ 377,000
Vallejo-Fairfield, CA 3 $ 1,665,000 $ 555,000 $ 184,000
Albuquerque, NM 2 $ 450,000 $ 225,000 $ 51,000
Asheville, NC 2 $ 800,000 $ 400,000 $ 217,000
Birmingham-Hoover, AL 2 $ 1,010,000 $ 505,000 $ 98,000
Cape Coral-Fort Myers, FL 2 $ 1,350,000 $ 675,000 $ 250,000
Chattanooga, TN-GA 2 $ 1,170,000 $ 585,000 $ 147,000
Crestview-Fort Walton Beach-Destin, FL 2 $ 1,640,000 $ 820,000 $ 118,000
Daphne-Fairhope-Foley, AL 2 $ 270,000 $ 135,000 $ 80,000
Eugene, OR 2 $ 1,290,000 $ 645,000 $ 651,000
Fargo, ND-MN 2 $ 930,000 $ 465,000 $ 129,000
Grand Rapids-Wyoming, MI 2 $ 1,060,000 $ 530,000 $ 312,000
Greeley, CO 2 $ 1,580,000 $ 790,000 $ 427,000
Harrisonburg, VA 2 $ 660,000 $ 330,000 $ 240,000
Hilton Head Island-Bluffton-Beaufort, SC 2 $ 1,390,000 $ 695,000 $ 240,000
Lake County-Kenosha County, IL-WI 2 $ 1,070,000 $ 535,000 $ 271,000
Lake Havasu City-Kingman, AZ 2 $ 510,000 $ 255,000 $ 74,000
Lexington-Fayette, KY 2 $ 1,220,000 $ 610,000 $ 317,000
Modesto, CA 2 $ 1,090,000 $ 545,000 $ 167,000
Monroe, MI 2 $ 660,000 $ 330,000 $ 207,000
Naples-Immokalee-Marco Island, FL 2 $ 2,520,000 $ 1,260,000 $ 335,000
New Haven-Milford, CT 2 $ 1,090,000 $ 545,000 $ 163,000
Prescott Valley-Prescott, AZ 2 $ 1,030,000 $ 515,000 $ 212,000
Virginia Beach-Norfolk-Newport News, VA-NC 2 $ 740,000 $ 370,000 $ 178,000
Wilmington, DE-MD-NJ 2 $ 590,000 $ 295,000 $ 129,000
Akron, OH 1 $ 775,000 $ 775,000 $ 187,000
Ann Arbor, MI 1 $ 515,000 $ 515,000 $ 172,000
Beaumont-Port Arthur, TX 1 $ 735,000 $ 735,000 $ 35,000
Canton-Massillon, OH 1 $ 55,000 $ 55,000 $ 218,000
Chico, CA 1 $ 225,000 $ 225,000 $ 137,000
Cincinnati, OH-KY-IN 1 $ 645,000 $ 645,000 $ 240,000
Des Moines-West Des Moines, IA 1 $ 595,000 $ 595,000 $ 155,000
Detroit-Dearborn-Livonia, MI 1 $ 155,000 $ 155,000 $ 37,000
Dover, DE 1 $ 205,000 $ 205,000 $ 95,000
El Paso, TX 1 $ 275,000 $ 275,000 $ 161,000
Elgin, IL 1 $ 175,000 $ 175,000 $ 97,000
Gainesville, FL 1 $ 345,000 $ 345,000 $ 54,000
Gainesville, GA 1 $ 305,000 $ 305,000 $ 144,000
Gary, IN 1 $ 305,000 $ 305,000 $ 225,000
Greenville-Anderson-Mauldin, SC 1 $ 255,000 $ 255,000 $ 84,000
Hartford-West Hartford-East Hartford, CT 1 $ 265,000 $ 265,000 $ 112,000
Hinesville, GA 1 $ 165,000 $ 165,000 $ 134,000
Huntsville, AL 1 $ 585,000 $ 585,000 $ 184,000
Jackson, MS 1 $ 645,000 $ 645,000 $ 111,000
Kalamazoo-Portage, MI 1 $ 285,000 $ 285,000 $ 62,000
Kennewick-Richland, WA 1 $ 665,000 $ 665,000 $ 91,000
Lakeland-Winter Haven, FL 1 $ 255,000 $ 255,000 $ 55,000
Lancaster, PA 1 $ 1,045,000 $ 1,045,000 $ 834,000
Lansing-East Lansing, MI 1 $ 325,000 $ 325,000 $ 232,000
Longview, WA 1 $ 885,000 $ 885,000 $ 612,000
Louisville/Jefferson County, KY-IN 1 $ 245,000 $ 245,000 $ 74,000
Madison, WI 1 $ 685,000 $ 685,000 $ 165,000
Manchester-Nashua, NH 1 $ 665,000 $ 665,000 $ 300,000
Manhattan, KS 1 $ 125,000 $ 125,000 $ 77,000
Midland, TX 1 $ 715,000 $ 715,000 $ 145,000
Missoula, MT 1 $ 385,000 $ 385,000 $ 73,000
Ocala, FL 1 $ 135,000 $ 135,000 $ 43,000
Ocean City, NJ 1 $ 65,000 $ 65,000 $ 34,000
Odessa, TX 1 $ 205,000 $ 205,000 $ 209,000
Oklahoma City, OK 1 $ 725,000 $ 725,000 $ 345,000
Richmond, VA 1 $ 635,000 $ 635,000 $ 256,000
Salem, OR 1 $ 535,000 $ 535,000 $ 104,000
Salisbury, MD-DE 1 $ 665,000 $ 665,000 $ 239,000
San Antonio-New Braunfels, TX 1 $ 975,000 $ 975,000 $ 293,000
Savannah, GA 1 $ 185,000 $ 185,000 $ 121,000
Sherman-Denison, TX 1 $ 295,000 $ 295,000 $ 447,000
Spokane-Spokane Valley, WA 1 $ 205,000 $ 205,000 $ 120,000
Visalia-Porterville, CA 1 $ 645,000 $ 645,000 $ 288,000
Waco, TX 1 $ 295,000 $ 295,000 $ 105,000
Wenatchee, WA 1 $ 775,000 $ 775,000 $ 1,087,000
Wilmington, NC 1 $ 285,000 $ 285,000 $ 93,000

Mortgage Loan Application Detail Totals for Cit Bank, National Association in 2019

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 1,627 $1,551,035,000 $953,000 $56,005,000 $255,000 $3,621,000
Refinancing 1,402 $1,232,470,000 $879,000 $44,705,000 $250,000 $2,172,000
Cash-out Refinancing 880 $834,530,000 $948,000 $50,005,000 $215,000 $2,082,000
Home Improvement 9 $5,175,000 $575,000 $1,075,000 $151,000 $301,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 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 2,229 $1,753,035,000 $786,000 $5,005,000 $256,000 $2,215,000
Not Provided 572 $495,220,000 $865,000 $6,255,000 $273,000 $3,621,000
Asian 529 $388,165,000 $733,000 $2,405,000 $230,000 $1,570,000
Hispanic 399 $208,615,000 $522,000 $2,505,000 $160,000 $1,200,000
Black or African American 76 $49,110,000 $646,000 $3,255,000 $219,000 $1,937,000
Not applicable 62 $689,150,000 $11,115,000 $56,005,000 $221,000 $303,000
American Indian or Alaskan Native 11 $7,995,000 $726,000 $1,225,000 $242,000 $692,000
Native Hawaiian or Other Pacific Islander 8 $5,100,000 $637,000 $825,000 $280,000 $534,000

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) 3,752 $3,559,890,000 $948,000 $56,005,000 $252,000 $3,621,000
FHA-insured (Federal Housing Administration) 166 $63,320,000 $381,000 $935,000 $81,000 $276,000
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 2,204 $2,363,210,000 $1,072,000 $56,005,000 $262,000 $3,621,000
Application Withdrawn By Applicant 907 $668,685,000 $737,000 $5,005,000 $258,000 $1,824,000
Application Denied By Financial Institution 456 $363,080,000 $796,000 $2,925,000 $205,000 $1,557,000
Loan Purchased By The Institution 149 $94,745,000 $635,000 $11,045,000 $80,000 $276,000
File Closed For Incompleteness 115 $77,295,000 $672,000 $2,425,000 $223,000 $830,000
Preapproval Denied by Financial Institution 59 $37,955,000 $643,000 $4,205,000 $156,000 $1,200,000
Application Approved But Not Accepted 28 $18,240,000 $651,000 $1,425,000 $201,000 $446,000
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
Not applicable 3,403 $3,222,175,000 $946,000 $56,005,000 $251,000 $3,621,000
Debt-To-Income Ratio 221 $190,305,000 $861,000 $4,205,000 $156,000 $1,557,000
Credit History 118 $77,040,000 $652,000 $2,365,000 $203,000 $1,200,000
Collateral 91 $67,445,000 $741,000 $1,785,000 $246,000 $1,087,000
Other 53 $38,885,000 $733,000 $1,655,000 $246,000 $1,079,000
Unverifiable Information 20 $17,260,000 $863,000 $2,555,000 $241,000 $492,000
Credit Application Incomplete 8 $6,090,000 $761,000 $1,205,000 $246,000 $377,000
Employment History 2 $1,180,000 $590,000 $605,000 $233,000 $266,000
Insufficient Cash (Downpayment, Closing Cost) 2 $2,830,000 $1,415,000 $1,475,000 $623,000 $927,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Cit Bank, National Association's 2019 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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