Schoolsfirst Mortgage Lending & HMDA Data, 2019
In 2019, Schoolsfirst of Santa Ana, CA reported 12,748 mortgage applications totaling $3.5 billion, up 22% from 2018. The average application was for $272,997, and applicants reported an average income of $132,689. 71% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (5,971), Riverside-San Bernardino-Ontario, CA (3,587) and Los Angeles-Long Beach-Glendale, CA (2,709) (applications in parentheses).
| Mortgage Company & Address | Schoolsfirst 2115 North Broadway Santa Ana, CA 92706 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 12,748 |
| Total Mortgage Loan Application Amount | $3,480,170,000 |
| Average Mortgage Loan Application Amount | $272,997 |
| Highest Mortgage Loan Application Amount | $1,925,000 |
| Average Applicant Income | $132,689 |
| Highest Applicant Income | $1,883,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Schoolsfirst filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Orange, California | 5,971 | $ 1,845,105,000 | $ 309,011 | $ 144,000 |
| Los Angeles, California | 2,709 | $ 754,895,000 | $ 278,661 | $ 127,000 |
| Riverside, California | 2,169 | $ 431,425,000 | $ 198,905 | $ 118,000 |
| San Bernardino, California | 1,418 | $ 301,160,000 | $ 212,383 | $ 115,000 |
| San Diego, California | 197 | $ 65,855,000 | $ 334,289 | $ 147,000 |
| Ventura, California | 46 | $ 16,580,000 | $ 360,434 | $ 172,000 |
| Kern, California | 38 | $ 5,510,000 | $ 145,000 | $ 87,000 |
| San Luis Obispo, California | 20 | $ 3,850,000 | $ 192,500 | $ 150,000 |
| Alameda, California | 18 | $ 6,860,000 | $ 381,111 | $ 187,000 |
| Contra Costa, California | 14 | $ 6,150,000 | $ 439,285 | $ 166,000 |
| Santa Barbara, California | 13 | $ 3,815,000 | $ 293,461 | $ 164,000 |
| Mono, California | 11 | $ 3,225,000 | $ 293,181 | $ 121,000 |
| Imperial, California | 10 | $ 1,000,000 | $ 100,000 | $ 78,000 |
| Monterey, California | 10 | $ 3,720,000 | $ 372,000 | $ 141,000 |
| Sacramento, California | 10 | $ 1,790,000 | $ 179,000 | $ 96,000 |
| Santa Clara, California | 10 | $ 3,630,000 | $ 363,000 | $ 156,000 |
| Fresno, California | 9 | $ 1,865,000 | $ 207,222 | $ 104,000 |
| Sonoma, California | 8 | $ 2,800,000 | $ 350,000 | $ 129,000 |
| Nevada, California | 5 | $ 855,000 | $ 171,000 | $ 155,000 |
| Placer, California | 5 | $ 1,745,000 | $ 349,000 | $ 130,000 |
| San Joaquin, California | 5 | $ 1,285,000 | $ 257,000 | $ 187,000 |
| San Mateo, California | 5 | $ 3,345,000 | $ 669,000 | $ 168,000 |
| Santa Cruz, California | 5 | $ 1,935,000 | $ 387,000 | $ 158,000 |
| Butte, California | 4 | $ 960,000 | $ 240,000 | $ 103,000 |
| Shasta, California | 4 | $ 400,000 | $ 100,000 | $ 76,000 |
| Solano, California | 4 | $ 1,170,000 | $ 292,500 | $ 128,000 |
| Tulare, California | 4 | $ 670,000 | $ 167,500 | $ 96,000 |
| Yolo, California | 4 | $ 1,230,000 | $ 307,500 | $ 185,000 |
| El Dorado, California | 3 | $ 1,605,000 | $ 535,000 | $ 203,000 |
| Marin, California | 3 | $ 2,285,000 | $ 761,666 | $ 288,000 |
| Madera, California | 2 | $ 190,000 | $ 95,000 | $ 73,000 |
| Merced, California | 2 | $ 470,000 | $ 235,000 | $ 72,000 |
| Plumas, California | 2 | $ 340,000 | $ 170,000 | $ 53,000 |
| Calaveras, California | 1 | $ 495,000 | $ 495,000 | $ 200,000 |
| Inyo, California | 1 | $ 55,000 | $ 55,000 | $ 49,000 |
| Lake, California | 1 | $ 305,000 | $ 305,000 | $ 107,000 |
| Mariposa, California | 1 | $ 175,000 | $ 175,000 | $ 65,000 |
| Napa, California | 1 | $ 35,000 | $ 35,000 | $ 89,000 |
| San Benito, California | 1 | $ 405,000 | $ 405,000 | $ 240,000 |
| Siskiyou, California | 1 | $ 145,000 | $ 145,000 | $ 58,000 |
| Stanislaus, California | 1 | $ 595,000 | $ 595,000 | $ 106,000 |
| Tuolumne, California | 1 | $ 205,000 | $ 205,000 | $ 126,000 |
| Yuba, California | 1 | $ 35,000 | $ 35,000 | $ 88,000 |
Mortgage Loan Application Detail Totals for Schoolsfirst in 2019
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 4,906 | $1,398,880,000 | $285,000 | $1,505,000 | $130,000 | $1,619,000 |
| Home Improvement | 2,260 | $199,130,000 | $88,000 | $675,000 | $131,000 | $778,000 |
| Home Purchase | 2,040 | $988,720,000 | $484,000 | $1,925,000 | $141,000 | $1,883,000 |
| Refinancing | 1,838 | $730,910,000 | $397,000 | $1,615,000 | $138,000 | $1,518,000 |
| Other Purpose | 1,704 | $162,530,000 | $95,000 | $1,205,000 | $127,000 | $1,010,000 |
| Not Applicable | 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 | 6,191 | $1,751,145,000 | $282,000 | $1,925,000 | $143,000 | $1,883,000 |
| Hispanic | 4,211 | $1,054,375,000 | $250,000 | $1,335,000 | $114,000 | $946,000 |
| Asian | 1,076 | $364,170,000 | $338,000 | $1,255,000 | $148,000 | $1,619,000 |
| Not Provided | 753 | $194,605,000 | $258,000 | $1,405,000 | $133,000 | $984,000 |
| Black or African American | 442 | $100,020,000 | $226,000 | $895,000 | $119,000 | $493,000 |
| Native Hawaiian or Other Pacific Islander | 40 | $9,680,000 | $242,000 | $805,000 | $125,000 | $238,000 |
| American Indian or Alaskan Native | 35 | $6,175,000 | $176,000 | $625,000 | $109,000 | $267,000 |
| 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) | 12,748 | $3,480,170,000 | $272,000 | $1,925,000 | $133,000 | $1,883,000 |
| 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 | 9,073 | $2,476,575,000 | $272,000 | $1,925,000 | $137,000 | $1,883,000 |
| Application Withdrawn By Applicant | 1,679 | $551,815,000 | $328,000 | $1,505,000 | $136,000 | $1,151,000 |
| Application Denied By Financial Institution | 1,448 | $317,730,000 | $219,000 | $1,305,000 | $103,000 | $778,000 |
| File Closed For Incompleteness | 482 | $115,820,000 | $240,000 | $895,000 | $126,000 | $603,000 |
| Application Approved But Not Accepted | 66 | $18,230,000 | $276,000 | $1,355,000 | $122,000 | $485,000 |
| 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 | 11,300 | $3,162,440,000 | $279,000 | $1,925,000 | $136,000 | $1,883,000 |
| Debt-To-Income Ratio | 750 | $159,860,000 | $213,000 | $1,305,000 | $82,000 | $312,000 |
| Collateral | 260 | $73,760,000 | $283,000 | $1,145,000 | $136,000 | $778,000 |
| Credit History | 257 | $44,385,000 | $172,000 | $765,000 | $119,000 | $443,000 |
| Other | 101 | $18,435,000 | $182,000 | $1,095,000 | $124,000 | $617,000 |
| Unverifiable Information | 50 | $13,510,000 | $270,000 | $775,000 | $94,000 | $211,000 |
| Employment History | 18 | $3,690,000 | $205,000 | $695,000 | $137,000 | $385,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $3,985,000 | $362,000 | $735,000 | $114,000 | $241,000 |
| Credit Application Incomplete | 1 | $105,000 | $105,000 | $105,000 | $132,000 | $132,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Schoolsfirst's 2019 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 Schoolsfirst'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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with aggregated HMDA statistics today.
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