Socotra Capital, Inc. Mortgage Lending & HMDA Data, 2019
In 2019, Socotra Capital, Inc. of Sacramento, CA reported 49 mortgage applications totaling $16.8 million, down 36% from 2018. The average application was for $343,163, and applicants reported an average income of $100,000. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Sacramento--Roseville--Arden-Arcade, CA (18), Fresno, CA (5) and Oakland-Hayward-Berkeley, CA (3) (applications in parentheses).
| Mortgage Company & Address | Socotra Capital, Inc. 2208 29th Street, Suite 100 Sacramento, CA 95817 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 |
| Total Number of Mortgage Applications | 49 |
| Total Mortgage Loan Application Amount | $16,815,000 |
| Average Mortgage Loan Application Amount | $343,163 |
| Highest Mortgage Loan Application Amount | $2,475,000 |
| Average Applicant Income | $100,000 |
| Highest Applicant Income | $100,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Socotra Capital, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Sacramento--Roseville--Arden-Arcade, CA | 18 | $ 3,990,000 | $ 221,666 | $ 100,000 |
| Fresno, CA | 5 | $ 545,000 | $ 109,000 | $ 100,000 |
| Outside any metro area | 4 | $ 1,520,000 | $ 380,000 | $ 100,000 |
| Oakland-Hayward-Berkeley, CA | 3 | $ 1,595,000 | $ 531,666 | $ 100,000 |
| Yuba City, CA | 3 | $ 635,000 | $ 211,666 | $ 100,000 |
| Las Vegas-Henderson-Paradise, NV | 2 | $ 790,000 | $ 395,000 | $ 100,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 630,000 | $ 315,000 | $ 100,000 |
| Merced, CA | 2 | $ 220,000 | $ 110,000 | $ 100,000 |
| Salinas, CA | 2 | $ 500,000 | $ 250,000 | $ 0 |
| Bakersfield, CA | 1 | $ 2,475,000 | $ 2,475,000 | $ 0 |
| Modesto, CA | 1 | $ 295,000 | $ 295,000 | $ 100,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 125,000 | $ 125,000 | $ 100,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 1,485,000 | $ 1,485,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 1,355,000 | $ 1,355,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 1 | $ 325,000 | $ 325,000 | $ 0 |
| Stockton-Lodi, CA | 1 | $ 205,000 | $ 205,000 | $ 100,000 |
| Vallejo-Fairfield, CA | 1 | $ 125,000 | $ 125,000 | $ 0 |
Mortgage Loan Application Detail Totals for Socotra Capital, Inc. 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 29 | $10,005,000 | $345,000 | $2,475,000 | $100,000 | $100,000 |
| Cash-out Refinancing | 18 | $5,830,000 | $323,000 | $1,485,000 | $100,000 | $100,000 |
| Refinancing | 2 | $980,000 | $490,000 | $875,000 | $100,000 | $100,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 |
|---|---|---|---|---|---|---|
| Not Provided | 28 | $10,650,000 | $380,000 | $2,475,000 | $100,000 | $100,000 |
| White | 11 | $2,425,000 | $220,000 | $605,000 | $100,000 | $100,000 |
| Not applicable | 1 | $165,000 | $165,000 | $165,000 | $0 | $0 |
| Hispanic | 1 | $275,000 | $275,000 | $275,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 49 | $16,815,000 | $343,000 | $2,475,000 | $100,000 | $100,000 |
| 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 | 49 | $16,815,000 | $343,000 | $2,475,000 | $100,000 | $100,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 49 | $16,815,000 | $343,000 | $2,475,000 | $100,000 | $100,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Socotra Capital, Inc.'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 Socotra Capital, 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.
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with aggregated HMDA statistics today.
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