Provident Credit Union Mortgage Lending & HMDA Data, 2021
In 2021, Provident Credit Union of Redwood City, CA reported 2,875 mortgage applications totaling $1.2 billion, down 16% from 2020. The average application was for $418,043, and applicants reported an average income of $170,607. 86% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Oakland-Hayward-Berkeley, CA (1,028), San Francisco-Redwood City-South San Francisco, CA (598) and San Jose-Sunnyvale-Santa Clara, CA (527) (applications in parentheses).
| Mortgage Company & Address | Provident Credit Union 303 Twin Dolphin Drive Redwood City, CA 94065 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 | 2,875 |
| Total Mortgage Loan Application Amount | $1,201,875,000 |
| Average Mortgage Loan Application Amount | $418,043 |
| Highest Mortgage Loan Application Amount | $6,805,000 |
| Average Applicant Income | $170,607 |
| Highest Applicant Income | $1,816,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Provident Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Alameda, California | 583 | $ 244,175,000 | $ 418,825 | $ 168,000 |
| Santa Clara, California | 517 | $ 238,435,000 | $ 461,189 | $ 172,000 |
| San Mateo, California | 474 | $ 211,010,000 | $ 445,168 | $ 186,000 |
| Contra Costa, California | 445 | $ 179,285,000 | $ 402,887 | $ 174,000 |
| San Francisco, California | 124 | $ 75,210,000 | $ 606,532 | $ 188,000 |
| Sacramento, California | 87 | $ 25,275,000 | $ 290,517 | $ 147,000 |
| San Joaquin, California | 69 | $ 25,855,000 | $ 374,710 | $ 137,000 |
| Placer, California | 56 | $ 20,430,000 | $ 364,821 | $ 173,000 |
| Santa Cruz, California | 42 | $ 18,230,000 | $ 434,047 | $ 179,000 |
| Monterey, California | 40 | $ 16,340,000 | $ 408,500 | $ 151,000 |
| El Dorado, California | 39 | $ 11,575,000 | $ 296,794 | $ 168,000 |
| Solano, California | 38 | $ 13,160,000 | $ 346,315 | $ 127,000 |
| Sonoma, California | 31 | $ 12,305,000 | $ 396,935 | $ 171,000 |
| Los Angeles, California | 29 | $ 12,935,000 | $ 446,034 | $ 157,000 |
| Marin, California | 27 | $ 10,595,000 | $ 392,407 | $ 174,000 |
| Tulare, California | 25 | $ 5,835,000 | $ 233,400 | $ 128,000 |
| Nevada, California | 23 | $ 7,055,000 | $ 306,739 | $ 197,000 |
| San Diego, California | 22 | $ 7,560,000 | $ 343,636 | $ 167,000 |
| Humboldt, California | 18 | $ 3,810,000 | $ 211,666 | $ 83,000 |
| Stanislaus, California | 18 | $ 4,940,000 | $ 274,444 | $ 111,000 |
| Yolo, California | 14 | $ 4,440,000 | $ 317,142 | $ 152,000 |
| Calaveras, California | 13 | $ 4,215,000 | $ 324,230 | $ 179,000 |
| Napa, California | 12 | $ 4,670,000 | $ 389,166 | $ 235,000 |
| Orange, California | 12 | $ 5,670,000 | $ 472,500 | $ 167,000 |
| Merced, California | 11 | $ 3,165,000 | $ 287,727 | $ 152,000 |
| Tuolumne, California | 11 | $ 2,545,000 | $ 231,363 | $ 204,000 |
| Butte, California | 10 | $ 3,430,000 | $ 343,000 | $ 228,000 |
| San Benito, California | 10 | $ 3,400,000 | $ 340,000 | $ 141,000 |
| Shasta, California | 9 | $ 1,785,000 | $ 198,333 | $ 128,000 |
| Ventura, California | 9 | $ 4,285,000 | $ 476,111 | $ 202,000 |
| Riverside, California | 8 | $ 2,960,000 | $ 370,000 | $ 128,000 |
| Amador, California | 7 | $ 2,635,000 | $ 376,428 | $ 145,000 |
| San Luis Obispo, California | 7 | $ 3,835,000 | $ 547,857 | $ 194,000 |
| Kern, California | 4 | $ 750,000 | $ 187,500 | $ 89,000 |
| Madera, California | 3 | $ 255,000 | $ 85,000 | $ 91,000 |
| Mendocino, California | 3 | $ 645,000 | $ 215,000 | $ 144,000 |
| Plumas, California | 3 | $ 575,000 | $ 191,666 | $ 187,000 |
| San Bernardino, California | 3 | $ 565,000 | $ 188,333 | $ 167,000 |
| Sutter, California | 3 | $ 595,000 | $ 198,333 | $ 174,000 |
| Lake, California | 2 | $ 640,000 | $ 320,000 | $ 232,000 |
| Mariposa, California | 2 | $ 230,000 | $ 115,000 | $ 153,000 |
| Santa Barbara, California | 2 | $ 990,000 | $ 495,000 | $ 197,000 |
| Del Norte, California | 1 | $ 365,000 | $ 365,000 | $ 360,000 |
| Fresno, California | 1 | $ 155,000 | $ 155,000 | $ 309,000 |
| Siskiyou, California | 1 | $ 305,000 | $ 305,000 | $ 51,000 |
| Tehama, California | 1 | $ 155,000 | $ 155,000 | $ 78,000 |
| Yuba, California | 1 | $ 105,000 | $ 105,000 | $ 51,000 |
Mortgage Loan Application Detail Totals for Provident Credit Union in 2021
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 | 2,142 | $918,280,000 | $428,000 | $6,805,000 | $160,000 | $1,070,000 |
| Home Improvement | 432 | $54,500,000 | $126,000 | $775,000 | $186,000 | $825,000 |
| Home Purchase | 301 | $229,095,000 | $761,000 | $3,405,000 | $224,000 | $1,816,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
| Cash-out 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 |
|---|---|---|---|---|---|---|
| White | 1,574 | $624,600,000 | $396,000 | $6,805,000 | $169,000 | $1,070,000 |
| Asian | 563 | $303,425,000 | $538,000 | $2,855,000 | $205,000 | $1,816,000 |
| Hispanic | 388 | $136,710,000 | $352,000 | $1,595,000 | $131,000 | $483,000 |
| Not Provided | 212 | $82,530,000 | $389,000 | $1,775,000 | $190,000 | $825,000 |
| Black or African American | 104 | $34,280,000 | $329,000 | $855,000 | $127,000 | $326,000 |
| American Indian or Alaskan Native | 14 | $4,590,000 | $327,000 | $695,000 | $135,000 | $242,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $2,660,000 | $266,000 | $525,000 | $127,000 | $223,000 |
| Not applicable | 8 | $12,820,000 | $1,602,000 | $2,655,000 | $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) | 2,875 | $1,201,875,000 | $418,000 | $6,805,000 | $171,000 | $1,816,000 |
| 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 | 2,475 | $1,026,815,000 | $414,000 | $6,805,000 | $171,000 | $1,816,000 |
| Application Withdrawn By Applicant | 255 | $111,715,000 | $438,000 | $1,655,000 | $169,000 | $650,000 |
| File Closed For Incompleteness | 103 | $48,875,000 | $474,000 | $1,445,000 | $171,000 | $800,000 |
| Application Denied By Financial Institution | 39 | $12,965,000 | $332,000 | $755,000 | $140,000 | $380,000 |
| Application Approved But Not Accepted | 3 | $1,505,000 | $501,000 | $595,000 | $316,000 | $639,000 |
| 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 | 2,836 | $1,188,910,000 | $419,000 | $6,805,000 | $171,000 | $1,816,000 |
| Other | 19 | $5,445,000 | $286,000 | $605,000 | $122,000 | $280,000 |
| Debt-To-Income Ratio | 6 | $3,040,000 | $506,000 | $755,000 | $83,000 | $224,000 |
| Collateral | 5 | $1,395,000 | $279,000 | $545,000 | $260,000 | $380,000 |
| Credit Application Incomplete | 4 | $1,230,000 | $307,000 | $405,000 | $141,000 | $165,000 |
| Unverifiable Information | 2 | $670,000 | $335,000 | $415,000 | $189,000 | $210,000 |
| Mortgage Insurance Denied | 1 | $685,000 | $685,000 | $685,000 | $123,000 | $123,000 |
| Credit History | 1 | $65,000 | $65,000 | $65,000 | $214,000 | $214,000 |
| Employment History | 1 | $435,000 | $435,000 | $435,000 | $73,000 | $73,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Provident Credit Union's 2021 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 Provident 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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