Service 1st Bank Mortgage Lending & HMDA Data, 2004
In 2004, Service 1st Bank of Tracy, CA reported 10 mortgage applications totaling $4.3 million, down 69% from 2003. The average application was for $432,600, and applicants reported an average income of $66,400. 30% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Stockton, CA (8) and Fresno, CA (1).
| Mortgage Company & Address | Service 1st Bank 60 W. 10th Street Tracy, CA 95376 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 10 |
| Total Mortgage Loan Application Amount | $4,326,000 |
| Average Mortgage Loan Application Amount | $432,600 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $66,400 |
| Highest Applicant Income | $206,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Service 1st Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Service 1st Bank in 2004
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 | 8 | $4,156,000 | $519,000 | $1,200,000 | $66,000 | $206,000 |
| Home Improvement | 1 | $50,000 | $50,000 | $50,000 | $58,000 | $58,000 |
| Home Purchase | 1 | $120,000 | $120,000 | $120,000 | $78,000 | $78,000 |
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 |
|---|---|---|---|---|---|---|
| White | 6 | $1,861,000 | $310,000 | $515,000 | $85,000 | $206,000 |
| Not applicable | 2 | $2,175,000 | $1,087,000 | $1,200,000 | $0 | $0 |
| Not Provided | 1 | $240,000 | $240,000 | $240,000 | $114,000 | $114,000 |
| American Indian or Alaskan Native | 1 | $50,000 | $50,000 | $50,000 | $58,000 | $58,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 10 | $4,326,000 | $432,000 | $1,200,000 | $66,000 | $206,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 5 | $1,319,000 | $263,000 | $375,000 | $73,000 | $206,000 |
| Loan Originated | 3 | $1,540,000 | $513,000 | $975,000 | $60,000 | $123,000 |
| Application Denied By Financial Institution | 2 | $1,467,000 | $733,000 | $1,200,000 | $61,000 | $122,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,200,000 | $1,200,000 | $1,200,000 | $0 | $0 |
| Unverifiable Information | 1 | $267,000 | $267,000 | $267,000 | $122,000 | $122,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Service 1st Bank's 2004 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 Service 1st Bank'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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