Patelco Credit Union Mortgage Lending & HMDA Data, 2007
In 2007, Patelco Credit Union of Citrus Heights, CA reported 5,172 mortgage applications totaling $921.7 million, down 13% from 2006. The average application was for $178,200, and applicants reported an average income of $109,869. 49% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Oakland-Fremont-Hayward, CA (1,626), Sacramento--Arden-Arcade--Roseville, CA (736) and San Francisco-San Mateo-Redwood City, CA (566) (applications in parentheses).
| Mortgage Company & Address | Patelco Credit Union 5499 Sunrise Blvd Citrus Heights, CA 95610 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 |
| Total Number of Mortgage Applications | 5,172 |
| Total Mortgage Loan Application Amount | $921,655,000 |
| Average Mortgage Loan Application Amount | $178,200 |
| Highest Mortgage Loan Application Amount | $1,740,000 |
| Average Applicant Income | $109,869 |
| Highest Applicant Income | $1,202,000 |
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Act (HMDA) records Patelco Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Patelco Credit Union in 2007
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 | 2,955 | $192,906,000 | $65,000 | $500,000 | $111,000 | $1,202,000 |
| Refinancing | 1,462 | $477,638,000 | $326,000 | $1,740,000 | $107,000 | $543,000 |
| Home Purchase | 755 | $251,111,000 | $332,000 | $1,500,000 | $111,000 | $412,000 |
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 | 2,440 | $393,590,000 | $161,000 | $1,500,000 | $111,000 | $963,000 |
| Hispanic | 846 | $146,015,000 | $172,000 | $1,200,000 | $100,000 | $677,000 |
| Asian | 733 | $159,937,000 | $218,000 | $1,350,000 | $118,000 | $600,000 |
| Black or African American | 627 | $109,357,000 | $174,000 | $907,000 | $103,000 | $1,202,000 |
| Not Provided | 216 | $55,591,000 | $257,000 | $1,740,000 | $118,000 | $461,000 |
| Native Hawaiian or Other Pacific Islander | 192 | $38,810,000 | $202,000 | $885,000 | $117,000 | $543,000 |
| American Indian or Alaskan Native | 118 | $18,355,000 | $155,000 | $1,000,000 | $105,000 | $353,000 |
| 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) | 5,172 | $921,655,000 | $178,000 | $1,740,000 | $110,000 | $1,202,000 |
| 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 | 2,556 | $368,211,000 | $144,000 | $1,203,000 | $116,000 | $1,202,000 |
| Application Denied By Financial Institution | 1,028 | $212,713,000 | $206,000 | $1,350,000 | $93,000 | $690,000 |
| File Closed For Incompleteness | 551 | $114,845,000 | $208,000 | $1,740,000 | $106,000 | $963,000 |
| Application Approved But Not Accepted | 478 | $103,008,000 | $215,000 | $1,500,000 | $118,000 | $491,000 |
| Application Withdrawn By Applicant | 395 | $64,172,000 | $162,000 | $974,000 | $110,000 | $600,000 |
| Preapproval Approved but not Accepted | 162 | $58,436,000 | $360,000 | $1,000,000 | $116,000 | $384,000 |
| Preapproval Denied by Financial Institution | 2 | $270,000 | $135,000 | $140,000 | $34,000 | $37,000 |
| Loan Purchased By The 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 | 390 | $89,555,000 | $229,000 | $783,000 | $76,000 | $504,000 |
| Collateral | 259 | $51,363,000 | $198,000 | $1,350,000 | $107,000 | $690,000 |
| Credit History | 184 | $41,096,000 | $223,000 | $1,120,000 | $97,000 | $300,000 |
| Other | 38 | $6,973,000 | $183,000 | $1,103,000 | $116,000 | $402,000 |
| Unverifiable Information | 11 | $3,268,000 | $297,000 | $803,000 | $110,000 | $216,000 |
| Credit Application Incomplete | 4 | $849,000 | $212,000 | $717,000 | $152,000 | $210,000 |
| Employment History | 4 | $1,008,000 | $252,000 | $489,000 | $83,000 | $110,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Patelco Credit Union's 2007 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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