Popa FCU - Cerritos Mortgage Lending & HMDA Data, 2024
In 2024, Popa FCU - Cerritos of Cerritos, CA reported 194 mortgage applications totaling $24.7 million, down 23% from 2023. The average application was for $127,474, and applicants reported an average income of $173,639. 74% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (101), Riverside-San Bernardino-Ontario, CA (70) and Anaheim-Santa Ana-Irvine, CA (14) (applications in parentheses).
| Mortgage Company & Address | Popa FCU - Cerritos 13304 Alondra Blvd Cerritos, CA 90703 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 194 |
| Total Mortgage Loan Application Amount | $24,730,000 |
| Average Mortgage Loan Application Amount | $127,474 |
| Highest Mortgage Loan Application Amount | $405,000 |
| Average Applicant Income | $173,639 |
| Highest Applicant Income | $411,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Popa FCU - Cerritos filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 101 | $ 13,205,000 | $ 130,742 | $ 171,000 |
| Riverside-San Bernardino-Ontario, CA | 70 | $ 8,490,000 | $ 121,285 | $ 175,000 |
| Anaheim-Santa Ana-Irvine, CA | 14 | $ 2,220,000 | $ 158,571 | $ 204,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 350,000 | $ 87,500 | $ 138,000 |
| Bakersfield, CA | 3 | $ 255,000 | $ 85,000 | $ 133,000 |
| San Diego-Carlsbad, CA | 1 | $ 155,000 | $ 155,000 | $ 186,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 55,000 | $ 55,000 | $ 134,000 |
Mortgage Loan Application Detail Totals for Popa FCU - Cerritos in 2024
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 | 162 | $20,780,000 | $128,000 | $405,000 | $172,000 | $411,000 |
| Other Purpose | 30 | $3,490,000 | $116,000 | $255,000 | $187,000 | $404,000 |
| Home Purchase | 1 | $205,000 | $205,000 | $205,000 | $108,000 | $108,000 |
| Cash-out Refinancing | 1 | $255,000 | $255,000 | $255,000 | $104,000 | $104,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing | 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 |
|---|---|---|---|---|---|---|
| Hispanic | 94 | $12,540,000 | $133,000 | $405,000 | $177,000 | $404,000 |
| Not Provided | 51 | $6,145,000 | $120,000 | $255,000 | $163,000 | $338,000 |
| White | 23 | $3,135,000 | $136,000 | $255,000 | $186,000 | $368,000 |
| Black or African American | 19 | $2,155,000 | $113,000 | $255,000 | $178,000 | $411,000 |
| Asian | 6 | $700,000 | $116,000 | $205,000 | $158,000 | $275,000 |
| American Indian or Alaskan Native | 1 | $55,000 | $55,000 | $55,000 | $134,000 | $134,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 194 | $24,730,000 | $127,000 | $405,000 | $174,000 | $411,000 |
| 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 | 143 | $18,195,000 | $127,000 | $255,000 | $182,000 | $411,000 |
| Application Denied By Financial Institution | 32 | $4,600,000 | $143,000 | $405,000 | $141,000 | $379,000 |
| Application Approved But Not Accepted | 11 | $1,035,000 | $94,000 | $175,000 | $196,000 | $368,000 |
| Application Withdrawn By Applicant | 6 | $750,000 | $125,000 | $225,000 | $101,000 | $221,000 |
| File Closed For Incompleteness | 2 | $150,000 | $75,000 | $125,000 | $168,000 | $172,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 162 | $20,130,000 | $124,000 | $255,000 | $180,000 | $411,000 |
| Debt-To-Income Ratio | 15 | $2,065,000 | $137,000 | $255,000 | $129,000 | $259,000 |
| Credit History | 6 | $580,000 | $96,000 | $155,000 | $123,000 | $157,000 |
| Other | 5 | $1,085,000 | $217,000 | $405,000 | $182,000 | $379,000 |
| Collateral | 5 | $765,000 | $153,000 | $255,000 | $173,000 | $223,000 |
| Credit Application Incomplete | 1 | $105,000 | $105,000 | $105,000 | $79,000 | $79,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Popa FCU - Cerritos's 2024 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 Popa FCU - Cerritos'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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