Patelco Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, Patelco Credit Union of Citrus Heights, CA reported 5,679 mortgage applications totaling $898.7 million, up 103% from 2003. The average application was for $158,241, and applicants reported an average income of $94,673. 50% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Oakland-Fremont-Hayward, CA (1,258), Sacramento--Arden-Arcade--Roseville, CA (813) and San Francisco-San Mateo-Redwood City, CA (447) (applications in parentheses).
| Mortgage Company & Address | Patelco Credit Union 5499 Sunrise Blvd., 2nd Floor Citrus Heights, CA 95610 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 5,679 |
| Total Mortgage Loan Application Amount | $898,651,000 |
| Average Mortgage Loan Application Amount | $158,241 |
| Highest Mortgage Loan Application Amount | $1,440,000 |
| Average Applicant Income | $94,673 |
| Highest Applicant Income | $1,860,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Patelco Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Oakland-Fremont-Hayward, CA | 1,258 | $ 192,179,000 | $ 152,765 | $ 98,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 813 | $ 92,579,000 | $ 113,873 | $ 87,000 |
| San Francisco-San Mateo-Redwood City, CA | 447 | $ 76,501,000 | $ 171,143 | $ 103,000 |
| Vallejo-Fairfield, CA | 239 | $ 28,015,000 | $ 117,217 | $ 83,000 |
| Stockton, CA | 132 | $ 16,427,000 | $ 124,446 | $ 88,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 127 | $ 27,943,000 | $ 220,023 | $ 125,000 |
| Bakersfield, CA | 68 | $ 4,263,000 | $ 62,691 | $ 72,000 |
| Santa Rosa-Petaluma, CA | 62 | $ 6,708,000 | $ 108,193 | $ 72,000 |
| Los Angeles-Long Beach-Glendale, CA | 39 | $ 8,040,000 | $ 206,153 | $ 103,000 |
| Merced, CA | 31 | $ 3,094,000 | $ 99,806 | $ 151,000 |
| Santa Cruz-Watsonville, CA | 31 | $ 3,861,000 | $ 124,548 | $ 105,000 |
| Las Vegas-Paradise, NV | 29 | $ 3,791,000 | $ 130,724 | $ 83,000 |
| Chicago-Naperville-Joliet, IL | 20 | $ 2,982,000 | $ 149,100 | $ 89,000 |
| Santa Ana-Anaheim-Irvine, CA | 19 | $ 4,457,000 | $ 234,578 | $ 127,000 |
| Riverside-San Bernardino-Ontario, CA | 17 | $ 3,644,000 | $ 214,352 | $ 109,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 15 | $ 2,264,000 | $ 150,933 | $ 108,000 |
| Phoenix-Mesa-Scottsdale, AZ | 14 | $ 1,407,000 | $ 100,500 | $ 70,000 |
| Fresno, CA | 13 | $ 2,281,000 | $ 175,461 | $ 83,000 |
| Reno-Sparks, NV | 11 | $ 2,790,000 | $ 253,636 | $ 120,000 |
| Chico, CA | 8 | $ 1,207,000 | $ 150,875 | $ 78,000 |
| Redding, CA | 8 | $ 469,000 | $ 58,625 | $ 65,000 |
| Yuba City, CA | 8 | $ 1,167,000 | $ 145,875 | $ 71,000 |
| San Luis Obispo-Paso Robles, CA | 7 | $ 774,000 | $ 110,571 | $ 93,000 |
| Lake County-Kenosha County, IL-WI | 6 | $ 1,461,000 | $ 243,500 | $ 130,000 |
| Madera, CA | 6 | $ 647,000 | $ 107,833 | $ 69,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 664,000 | $ 132,800 | $ 85,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 821,000 | $ 164,200 | $ 102,000 |
| San Diego-Carlsbad-San Marcos, CA | 5 | $ 1,620,000 | $ 324,000 | $ 75,000 |
| Orlando, FL | 4 | $ 649,000 | $ 162,250 | $ 75,000 |
| Salinas, CA | 4 | $ 1,547,000 | $ 386,750 | $ 93,000 |
| Albuquerque, NM | 3 | $ 422,000 | $ 140,666 | $ 68,000 |
| Dallas-Plano-Irving, TX | 3 | $ 480,000 | $ 160,000 | $ 99,000 |
| Eugene-Springfield, OR | 3 | $ 291,000 | $ 97,000 | $ 152,000 |
| Fort Worth-Arlington, TX | 3 | $ 451,000 | $ 150,333 | $ 111,000 |
| Houston-Baytown-Sugar Land, TX | 3 | $ 371,000 | $ 123,666 | $ 177,000 |
| Salem, OR | 3 | $ 262,000 | $ 87,333 | $ 68,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 3 | $ 942,000 | $ 314,000 | $ 131,000 |
| Appleton, WI | 2 | $ 126,000 | $ 63,000 | $ 71,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 347,000 | $ 173,500 | $ 116,000 |
| Bremerton-Silverdale, WA | 2 | $ 672,000 | $ 336,000 | $ 132,000 |
| Little Rock-North Little Rock, AR | 2 | $ 235,000 | $ 117,500 | $ 74,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 92,000 | $ 46,000 | $ 76,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 144,000 | $ 72,000 | $ 59,000 |
| Modesto, CA | 2 | $ 283,000 | $ 141,500 | $ 78,000 |
| Ocala, FL | 2 | $ 159,000 | $ 79,500 | $ 66,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 298,000 | $ 149,000 | $ 102,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 254,000 | $ 127,000 | $ 94,000 |
| Austin-Round Rock, TX | 1 | $ 203,000 | $ 203,000 | $ 129,000 |
| Bend, OR | 1 | $ 194,000 | $ 194,000 | $ 58,000 |
| Bethesda-Frederick-Gaithersburg, MD | 1 | $ 550,000 | $ 550,000 | $ 96,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 260,000 | $ 260,000 | $ 61,000 |
| Casper, WY | 1 | $ 94,000 | $ 94,000 | $ 54,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 240,000 | $ 240,000 | $ 85,000 |
| Chattanooga, TN-GA | 1 | $ 127,000 | $ 127,000 | $ 47,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 122,000 | $ 122,000 | $ 48,000 |
| Denver-Aurora, CO | 1 | $ 250,000 | $ 250,000 | $ 105,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 210,000 | $ 210,000 | $ 58,000 |
| Greeley, CO | 1 | $ 303,000 | $ 303,000 | $ 90,000 |
| Jacksonville, FL | 1 | $ 142,000 | $ 142,000 | $ 92,000 |
| Kansas City, MO-KS | 1 | $ 98,000 | $ 98,000 | $ 194,000 |
| Knoxville, TN | 1 | $ 94,000 | $ 94,000 | $ 34,000 |
| Lakeland, FL | 1 | $ 145,000 | $ 145,000 | $ 35,000 |
| Lewiston, ID-WA | 1 | $ 95,000 | $ 95,000 | $ 61,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 95,000 | $ 95,000 | $ 72,000 |
| Nassau-Suffolk, NY | 1 | $ 334,000 | $ 334,000 | $ 179,000 |
| New York-Wayne-White Plains, NY-NJ | 1 | $ 176,000 | $ 176,000 | $ 100,000 |
| Olympia, WA | 1 | $ 115,000 | $ 115,000 | $ 37,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 35,000 | $ 35,000 | $ 86,000 |
| Philadelphia, PA | 1 | $ 300,000 | $ 300,000 | $ 108,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 334,000 | $ 334,000 | $ 193,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 231,000 | $ 231,000 | $ 47,000 |
| Raleigh-Cary, NC | 1 | $ 195,000 | $ 195,000 | $ 110,000 |
| San Antonio, TX | 1 | $ 94,000 | $ 94,000 | $ 68,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 96,000 | $ 96,000 | $ 43,000 |
| Sioux Falls, SD | 1 | $ 219,000 | $ 219,000 | $ 59,000 |
| Spokane, WA | 1 | $ 400,000 | $ 400,000 | $ 150,000 |
| St. George, UT | 1 | $ 116,000 | $ 116,000 | $ 109,000 |
| St. Louis, MO-IL | 1 | $ 248,000 | $ 248,000 | $ 110,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 178,000 | $ 178,000 | $ 208,000 |
Mortgage Loan Application Detail Totals for Patelco Credit Union in 2004
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 Improvement | 2,306 | $120,844,000 | $53,000 | $250,000 | $87,555 | $1,320,000 |
| Home Purchase | 1,791 | $423,098,000 | $180,432 | $1,440,000 | $111,891 | $1,860,000 |
| Refinancing | 1,582 | $354,709,000 | $171,916 | $1,440,000 | $85,291 | $1,236,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 2,905 | $488,886,000 | $174,843 | $1,050,000 | $97,500 | $1,566,000 |
| White | 1,713 | $244,115,000 | $139,576 | $1,440,000 | $99,846 | $1,464,000 |
| Asian | 380 | $68,580,000 | $221,083 | $650,000 | $134,250 | $1,860,000 |
| Black or African American | 294 | $43,250,000 | $118,700 | $767,000 | $90,000 | $1,764,000 |
| Hispanic | 277 | $36,758,000 | $143,111 | $800,000 | $87,444 | $1,236,000 |
| Native Hawaiian or Other Pacific Islander | 80 | $11,492,000 | $255,500 | $525,000 | $108,500 | $1,326,000 |
| American Indian or Alaskan Native | 26 | $3,522,000 | $196,333 | $400,000 | $96,666 | $216,000 |
| Not applicable | 4 | $2,048,000 | $512,000 | $1,000,000 | $203,000 | $360,000 |
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) | 5,677 | $898,338,000 | $172,675 | $1,440,000 | $108,275 | $1,860,000 |
| FHA-insured (Federal Housing Administration) | 2 | $313,000 | $156,500 | $275,000 | $104,500 | $122,000 |
| 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 | 2,826 | $424,997,000 | $188,566 | $1,440,000 | $91,833 | $1,860,000 |
| Application Withdrawn By Applicant | 1,657 | $246,427,000 | $169,941 | $1,350,000 | $111,970 | $1,464,000 |
| Application Denied By Financial Institution | 780 | $106,159,000 | $109,916 | $750,000 | $84,750 | $1,566,000 |
| Application Approved But Not Accepted | 416 | $121,068,000 | $162,363 | $1,000,000 | $103,636 | $1,764,000 |
| File Closed For Incompleteness | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 302 | $41,322,000 | $105,571 | $750,000 | $80,000 | $1,566,000 |
| Debt-To-Income Ratio | 262 | $42,656,000 | $81,875 | $630,000 | $56,125 | $999,000 |
| Other | 122 | $11,131,000 | $141,333 | $405,000 | $135,555 | $621,000 |
| Collateral | 86 | $9,356,000 | $77,333 | $504,000 | $70,000 | $317,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,694,000 | $172,000 | $334,000 | $56,500 | $298,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Patelco Credit Union's 2004 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 Patelco 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.
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