Sierra Pacific Mortgage Co. Inc Mortgage Lending & HMDA Data, 2024
In 2024, Sierra Pacific Mortgage Co. Inc of Folsom, CA reported 11,222 mortgage applications totaling $4.0 billion, up 10% from 2023. The average application was for $358,859, and applicants reported an average income of $138,957. 68% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Wichita, KS (545), Sacramento--Roseville--Arden-Arcade, CA (487) and Bakersfield, CA (444) (applications in parentheses).
| Mortgage Company & Address | Sierra Pacific Mortgage Co. Inc 1180 Iron Point Rd, Suite 200 Folsom, CA 95630 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 | 11,222 |
| Total Mortgage Loan Application Amount | $4,027,120,000 |
| Average Mortgage Loan Application Amount | $358,859 |
| Highest Mortgage Loan Application Amount | $5,505,000 |
| Average Applicant Income | $138,957 |
| Highest Applicant Income | $9,642,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sierra Pacific Mortgage Co. Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Sierra Pacific Mortgage Co. Inc in 2024
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 Purchase | 9,208 | $3,406,110,000 | $369,000 | $5,505,000 | $137,000 | $4,600,000 |
| Cash-out Refinancing | 961 | $292,075,000 | $303,000 | $1,655,000 | $137,000 | $1,045,000 |
| Refinancing | 672 | $262,610,000 | $390,000 | $2,245,000 | $175,000 | $9,642,000 |
| Home Improvement | 253 | $55,455,000 | $219,000 | $915,000 | $131,000 | $582,000 |
| Other Purpose | 128 | $10,870,000 | $84,000 | $395,000 | $121,000 | $365,000 |
| 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 | 4,907 | $1,669,885,000 | $340,000 | $2,505,000 | $143,000 | $9,642,000 |
| Hispanic | 2,348 | $868,010,000 | $369,000 | $1,585,000 | $120,000 | $1,461,000 |
| Not Provided | 1,746 | $620,000,000 | $355,000 | $2,055,000 | $152,000 | $2,691,000 |
| Asian | 951 | $409,995,000 | $431,000 | $5,505,000 | $158,000 | $1,057,000 |
| Not applicable | 646 | $243,570,000 | $377,000 | $1,655,000 | $0 | $0 |
| Black or African American | 529 | $185,325,000 | $350,000 | $1,125,000 | $116,000 | $590,000 |
| American Indian or Alaskan Native | 67 | $19,785,000 | $295,000 | $885,000 | $102,000 | $362,000 |
| Native Hawaiian or Other Pacific Islander | 28 | $10,550,000 | $376,000 | $1,045,000 | $158,000 | $940,000 |
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) | 7,729 | $2,747,955,000 | $355,000 | $5,505,000 | $153,000 | $9,642,000 |
| FHA-insured (Federal Housing Administration) | 2,618 | $957,140,000 | $365,000 | $1,325,000 | $108,000 | $771,000 |
| VA-guaranteed (Veterans Administration) | 695 | $281,985,000 | $405,000 | $1,545,000 | $122,000 | $497,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 180 | $40,040,000 | $222,000 | $535,000 | $78,000 | $171,000 |
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 | 7,598 | $2,717,490,000 | $357,000 | $2,505,000 | $140,000 | $9,642,000 |
| Application Withdrawn By Applicant | 1,499 | $544,375,000 | $363,000 | $5,505,000 | $144,000 | $4,600,000 |
| Application Denied By Financial Institution | 1,269 | $454,425,000 | $358,000 | $2,245,000 | $129,000 | $2,691,000 |
| Loan Purchased By The Institution | 646 | $243,570,000 | $377,000 | $1,655,000 | $0 | $0 |
| File Closed For Incompleteness | 131 | $48,615,000 | $371,000 | $1,045,000 | $130,000 | $490,000 |
| Application Approved But Not Accepted | 60 | $11,010,000 | $183,000 | $765,000 | $160,000 | $452,000 |
| Preapproval Denied by Financial Institution | 16 | $6,120,000 | $382,000 | $965,000 | $125,000 | $268,000 |
| Preapproval Approved but not Accepted | 3 | $1,515,000 | $505,000 | $865,000 | $134,000 | $216,000 |
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 | 9,937 | $3,566,575,000 | $358,000 | $5,505,000 | $140,000 | $9,642,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 304 | $115,210,000 | $378,000 | $2,165,000 | $128,000 | $797,000 |
| Employment History | 229 | $75,515,000 | $329,000 | $1,095,000 | $130,000 | $2,691,000 |
| Collateral | 206 | $66,790,000 | $324,000 | $935,000 | $136,000 | $1,071,000 |
| Debt-To-Income Ratio | 202 | $74,320,000 | $367,000 | $1,025,000 | $96,000 | $367,000 |
| Unverifiable Information | 168 | $72,060,000 | $428,000 | $2,245,000 | $153,000 | $1,440,000 |
| Credit History | 93 | $32,695,000 | $351,000 | $1,025,000 | $137,000 | $565,000 |
| Other | 47 | $15,405,000 | $327,000 | $1,205,000 | $129,000 | $399,000 |
| Credit Application Incomplete | 36 | $8,550,000 | $237,000 | $915,000 | $159,000 | $550,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sierra Pacific Mortgage Co. Inc's 2024 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 Sierra Pacific Mortgage Co. Inc'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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