Santa Barbara Bank & Trust N.A Mortgage Lending & HMDA Data, 2008
In 2008, Santa Barbara Bank & Trust N.A of Goleta, CA reported 1,248 mortgage applications totaling $536.9 million, down 22% from 2007. The average application was for $430,195, and applicants reported an average income of $226,983. 64% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Santa Barbara-Santa Maria-Goleta, CA (480), Oxnard-Thousand Oaks-Ventura, CA (301) and San Luis Obispo-Paso Robles, CA (167) (applications in parentheses).
| Mortgage Company & Address | Santa Barbara Bank & Trust N.A 1 South Los Carneros Rd Goleta, CA 93117 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,248 |
| Total Mortgage Loan Application Amount | $536,884,000 |
| Average Mortgage Loan Application Amount | $430,195 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $226,983 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Santa Barbara Bank & Trust N.A filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Santa Barbara-Santa Maria-Goleta, CA | 480 | $ 217,986,000 | $ 454,137 | $ 221,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 301 | $ 103,689,000 | $ 344,481 | $ 162,000 |
| San Luis Obispo-Paso Robles, CA | 167 | $ 73,405,000 | $ 439,550 | $ 249,000 |
| Salinas, CA | 105 | $ 43,996,000 | $ 419,009 | $ 208,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 92 | $ 38,458,000 | $ 418,021 | $ 261,000 |
| Los Angeles-Long Beach-Glendale, CA | 34 | $ 27,195,000 | $ 799,852 | $ 274,000 |
| Santa Cruz-Watsonville, CA | 19 | $ 8,444,000 | $ 444,421 | $ 133,000 |
| Merced, CA | 10 | $ 938,000 | $ 93,800 | $ 1,106,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 6 | $ 1,976,000 | $ 329,333 | $ 231,000 |
| Riverside-San Bernardino-Ontario, CA | 5 | $ 7,761,000 | $ 1,552,200 | $ 2,557,000 |
| Fresno, CA | 4 | $ 822,000 | $ 205,500 | $ 198,000 |
| San Diego-Carlsbad-San Marcos, CA | 4 | $ 1,270,000 | $ 317,500 | $ 41,000 |
| Hanford-Corcoran, CA | 3 | $ 843,000 | $ 281,000 | $ 0 |
| Bakersfield, CA | 2 | $ 346,000 | $ 173,000 | $ 308,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 725,000 | $ 362,500 | $ 84,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 1,100,000 | $ 550,000 | $ 120,000 |
| Napa, CA | 1 | $ 1,544,000 | $ 1,544,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 975,000 | $ 975,000 | $ 0 |
| Reno-Sparks, NV | 1 | $ 550,000 | $ 550,000 | $ 328,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 417,000 | $ 417,000 | $ 0 |
| Santa Rosa-Petaluma, CA | 1 | $ 750,000 | $ 750,000 | $ 60,000 |
| Visalia-Porterville, CA | 1 | $ 935,000 | $ 935,000 | $ 276,000 |
Mortgage Loan Application Detail Totals for Santa Barbara Bank & Trust N.A in 2008
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 | 644 | $265,253,000 | $411,000 | $3,000,000 | $192,000 | $2,713,000 |
| Home Purchase | 408 | $197,528,000 | $484,000 | $10,000,000 | $287,000 | $4,262,000 |
| Home Improvement | 196 | $74,103,000 | $378,000 | $6,000,000 | $217,000 | $9,999,000 |
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 | 955 | $426,990,000 | $447,000 | $10,000,000 | $254,000 | $9,999,000 |
| Hispanic | 179 | $46,926,000 | $262,000 | $1,500,000 | $114,000 | $1,313,000 |
| Not Provided | 55 | $28,085,000 | $510,000 | $2,900,000 | $215,000 | $2,057,000 |
| Asian | 29 | $12,552,000 | $432,000 | $2,030,000 | $183,000 | $816,000 |
| Not applicable | 14 | $17,747,000 | $1,267,000 | $2,400,000 | $23,000 | $217,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,927,000 | $240,000 | $720,000 | $98,000 | $219,000 |
| American Indian or Alaskan Native | 5 | $1,843,000 | $368,000 | $628,000 | $405,000 | $628,000 |
| Black or African American | 3 | $814,000 | $271,000 | $288,000 | $59,000 | $89,000 |
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) | 1,248 | $536,884,000 | $430,000 | $10,000,000 | $227,000 | $9,999,000 |
| 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 | 793 | $294,264,000 | $371,000 | $2,500,000 | $207,000 | $2,341,000 |
| Application Denied By Financial Institution | 267 | $128,577,000 | $481,000 | $2,750,000 | $222,000 | $2,713,000 |
| File Closed For Incompleteness | 95 | $61,863,000 | $651,000 | $6,000,000 | $324,000 | $9,999,000 |
| Application Withdrawn By Applicant | 68 | $44,732,000 | $657,000 | $10,000,000 | $320,000 | $4,262,000 |
| Application Approved But Not Accepted | 25 | $7,448,000 | $297,000 | $1,425,000 | $314,000 | $2,175,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 94 | $41,690,000 | $443,000 | $2,030,000 | $220,000 | $1,914,000 |
| Debt-To-Income Ratio | 53 | $18,587,000 | $350,000 | $2,500,000 | $97,000 | $328,000 |
| Other | 44 | $31,724,000 | $721,000 | $2,750,000 | $250,000 | $1,316,000 |
| Credit Application Incomplete | 36 | $20,932,000 | $581,000 | $2,000,000 | $473,000 | $2,713,000 |
| Credit History | 27 | $9,702,000 | $359,000 | $1,540,000 | $113,000 | $492,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $4,199,000 | $599,000 | $1,000,000 | $237,000 | $715,000 |
| Unverifiable Information | 4 | $986,000 | $246,000 | $570,000 | $141,000 | $200,000 |
| Employment History | 2 | $757,000 | $378,000 | $400,000 | $102,000 | $120,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Santa Barbara Bank & Trust N.A's 2008 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 Santa Barbara Bank & Trust N.A'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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