Schoolsfirst FCU Mortgage Lending & HMDA Data, 2023
In 2023, Schoolsfirst FCU of Tustin, CA reported 13,937 mortgage applications totaling $2.6 billion, down 16% from 2022. The average application was for $186,727, and applicants reported an average income of $147,604. 75% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Anaheim-Santa Ana-Irvine, CA (4,721), Riverside-San Bernardino-Ontario, CA (4,256) and Los Angeles-Long Beach-Glendale, CA (2,922) (applications in parentheses).
| Mortgage Company & Address | Schoolsfirst FCU 2115 North Broadway Tustin, CA 92780 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 |
| Total Number of Mortgage Applications | 13,937 |
| Total Mortgage Loan Application Amount | $2,602,415,000 |
| Average Mortgage Loan Application Amount | $186,727 |
| Highest Mortgage Loan Application Amount | $2,415,000 |
| Average Applicant Income | $147,604 |
| Highest Applicant Income | $9,675,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Schoolsfirst FCU filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Anaheim-Santa Ana-Irvine, CA | 4,721 | $ 1,040,645,000 | $ 220,428 | $ 168,000 |
| Riverside-San Bernardino-Ontario, CA | 4,256 | $ 641,290,000 | $ 150,679 | $ 131,000 |
| Los Angeles-Long Beach-Glendale, CA | 2,922 | $ 574,690,000 | $ 196,676 | $ 146,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 1,089 | $ 143,935,000 | $ 132,171 | $ 130,000 |
| San Diego-Carlsbad, CA | 300 | $ 79,680,000 | $ 265,600 | $ 163,000 |
| Yuba City, CA | 125 | $ 13,065,000 | $ 104,520 | $ 101,000 |
| Bakersfield, CA | 82 | $ 11,820,000 | $ 144,146 | $ 117,000 |
| Outside any metro area | 76 | $ 11,950,000 | $ 157,236 | $ 136,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 65 | $ 15,575,000 | $ 239,615 | $ 171,000 |
| Oakland-Hayward-Berkeley, CA | 40 | $ 18,680,000 | $ 467,000 | $ 214,000 |
| Chico, CA | 32 | $ 3,320,000 | $ 103,750 | $ 116,000 |
| Stockton-Lodi, CA | 30 | $ 3,080,000 | $ 102,666 | $ 137,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 24 | $ 6,460,000 | $ 269,166 | $ 159,000 |
| Fresno, CA | 23 | $ 4,205,000 | $ 182,826 | $ 234,000 |
| Salinas, CA | 21 | $ 5,925,000 | $ 282,142 | $ 179,000 |
| Modesto, CA | 17 | $ 2,895,000 | $ 170,294 | $ 131,000 |
| Santa Maria-Santa Barbara, CA | 17 | $ 4,375,000 | $ 257,352 | $ 155,000 |
| Vallejo-Fairfield, CA | 16 | $ 2,440,000 | $ 152,500 | $ 178,000 |
| Santa Rosa, CA | 15 | $ 2,535,000 | $ 169,000 | $ 127,000 |
| Visalia-Porterville, CA | 12 | $ 2,740,000 | $ 228,333 | $ 120,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 9 | $ 4,715,000 | $ 523,888 | $ 178,000 |
| El Centro, CA | 8 | $ 1,080,000 | $ 135,000 | $ 105,000 |
| Redding, CA | 8 | $ 760,000 | $ 95,000 | $ 114,000 |
| San Francisco-Redwood City-South San Francisco, CA | 8 | $ 2,960,000 | $ 370,000 | $ 269,000 |
| Madera, CA | 5 | $ 505,000 | $ 101,000 | $ 96,000 |
| Santa Cruz-Watsonville, CA | 5 | $ 985,000 | $ 197,000 | $ 152,000 |
| Napa, CA | 4 | $ 610,000 | $ 152,500 | $ 387,000 |
| Hanford-Corcoran, CA | 3 | $ 695,000 | $ 231,666 | $ 100,000 |
| Merced, CA | 3 | $ 135,000 | $ 45,000 | $ 108,000 |
| San Rafael, CA | 1 | $ 665,000 | $ 665,000 | $ 211,000 |
Mortgage Loan Application Detail Totals for Schoolsfirst FCU in 2023
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 | 6,188 | $673,960,000 | $108,000 | $805,000 | $146,000 | $9,675,000 |
| Other Purpose | 3,389 | $353,565,000 | $104,000 | $2,005,000 | $137,000 | $2,500,000 |
| Cash-out Refinancing | 2,401 | $435,025,000 | $181,000 | $2,325,000 | $141,000 | $954,000 |
| Home Purchase | 1,848 | $1,097,850,000 | $594,000 | $2,415,000 | $182,000 | $1,260,000 |
| Refinancing | 111 | $42,015,000 | $378,000 | $1,355,000 | $131,000 | $360,000 |
| 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 | 5,508 | $1,039,050,000 | $188,000 | $2,415,000 | $158,000 | $9,675,000 |
| Hispanic | 5,081 | $837,775,000 | $164,000 | $1,475,000 | $130,000 | $2,500,000 |
| Not Provided | 1,314 | $286,250,000 | $217,000 | $2,375,000 | $159,000 | $1,697,000 |
| Asian | 1,245 | $319,465,000 | $256,000 | $2,005,000 | $171,000 | $3,454,000 |
| Black or African American | 671 | $99,555,000 | $148,000 | $1,195,000 | $130,000 | $1,200,000 |
| American Indian or Alaskan Native | 62 | $10,520,000 | $169,000 | $1,005,000 | $152,000 | $850,000 |
| Native Hawaiian or Other Pacific Islander | 48 | $7,390,000 | $153,000 | $925,000 | $148,000 | $398,000 |
| 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) | 13,864 | $2,563,940,000 | $184,000 | $2,415,000 | $148,000 | $9,675,000 |
| FHA-insured (Federal Housing Administration) | 73 | $38,475,000 | $527,000 | $925,000 | $145,000 | $460,000 |
| 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 | 10,456 | $1,932,350,000 | $184,000 | $2,415,000 | $152,000 | $3,454,000 |
| Application Denied By Financial Institution | 1,437 | $211,475,000 | $147,000 | $1,305,000 | $105,000 | $1,200,000 |
| Application Withdrawn By Applicant | 1,267 | $342,065,000 | $269,000 | $2,005,000 | $151,000 | $960,000 |
| File Closed For Incompleteness | 624 | $91,620,000 | $146,000 | $965,000 | $164,000 | $9,675,000 |
| Application Approved But Not Accepted | 153 | $24,905,000 | $162,000 | $2,375,000 | $127,000 | $915,000 |
| 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 | 12,500 | $2,390,940,000 | $191,000 | $2,415,000 | $153,000 | $9,675,000 |
| Debt-To-Income Ratio | 793 | $125,445,000 | $158,000 | $1,305,000 | $84,000 | $420,000 |
| Collateral | 228 | $31,410,000 | $137,000 | $1,105,000 | $145,000 | $936,000 |
| Other | 177 | $19,885,000 | $112,000 | $1,145,000 | $125,000 | $369,000 |
| Credit History | 159 | $22,775,000 | $143,000 | $685,000 | $127,000 | $1,200,000 |
| Credit Application Incomplete | 31 | $3,835,000 | $123,000 | $555,000 | $127,000 | $362,000 |
| Unverifiable Information | 21 | $4,545,000 | $216,000 | $595,000 | $105,000 | $271,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 21 | $2,015,000 | $95,000 | $365,000 | $110,000 | $234,000 |
| Employment History | 6 | $1,120,000 | $186,000 | $415,000 | $86,000 | $124,000 |
| Mortgage Insurance Denied | 1 | $445,000 | $445,000 | $445,000 | $161,000 | $161,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Schoolsfirst FCU's 2023 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 FCU'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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