Popa FCU - Cerritos Mortgage Lending & HMDA Data, 2005
In 2005, Popa FCU - Cerritos of Cerritos, CA reported 174 mortgage applications totaling $37.3 million, down 3% from 2004. The average application was for $214,465, and applicants reported an average income of $85,775. 89% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (144), Riverside-San Bernardino-Ontario, CA (15) and Santa Ana-Anaheim-Irvine, CA (6) (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 | 174 |
| Total Mortgage Loan Application Amount | $37,317,000 |
| Average Mortgage Loan Application Amount | $214,465 |
| Highest Mortgage Loan Application Amount | $670,000 |
| Average Applicant Income | $85,775 |
| Highest Applicant Income | $309,000 |
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Act (HMDA) records Popa FCU - Cerritos filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Popa FCU - Cerritos in 2005
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 | 83 | $28,387,000 | $271,500 | $670,000 | $74,500 | $309,000 |
| Home Improvement | 82 | $5,392,000 | $65,000 | $150,000 | $85,000 | $224,000 |
| Home Purchase | 9 | $3,538,000 | $387,333 | $650,000 | $106,000 | $137,000 |
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 |
|---|---|---|---|---|---|---|
| Black or African American | 58 | $15,360,000 | $340,000 | $670,000 | $69,000 | $167,000 |
| White | 57 | $11,028,000 | $193,000 | $634,000 | $79,000 | $224,000 |
| Hispanic | 43 | $8,729,000 | $421,000 | $656,000 | $99,000 | $144,000 |
| Not Provided | 10 | $978,000 | $118,500 | $208,000 | $152,500 | $309,000 |
| Asian | 5 | $1,172,000 | $234,000 | $455,000 | $79,000 | $100,000 |
| American Indian or Alaskan Native | 1 | $50,000 | $50,000 | $50,000 | $104,000 | $104,000 |
| 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) | 174 | $37,317,000 | $292,250 | $670,000 | $93,250 | $309,000 |
| 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 | 154 | $31,469,000 | $179,500 | $670,000 | $113,500 | $309,000 |
| Application Denied By Financial Institution | 20 | $5,848,000 | $355,333 | $650,000 | $72,666 | $124,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 13 | $3,995,000 | $464,000 | $650,000 | $91,000 | $124,000 |
| Other | 5 | $1,309,000 | $373,500 | $560,000 | $62,500 | $72,000 |
| Collateral | 2 | $544,000 | $272,000 | $344,000 | $68,000 | $72,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2005 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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