Sonoma National Bank Mortgage Lending & HMDA Data, 2006
In 2006, Sonoma National Bank of Santa Rosa, CA reported 63 mortgage applications totaling $41.0 million, down 43% from 2005. The average application was for $650,634, and applicants reported an average income of $104,317. 59% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Santa Rosa-Petaluma, CA (28), San Francisco-San Mateo-Redwood City, CA (6) and Oakland-Fremont-Hayward, CA (4) (applications in parentheses).
| Mortgage Company & Address | Sonoma National Bank 3558 Round Barn Blvd. Suite 300 Santa Rosa, CA 95403 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 63 |
| Total Mortgage Loan Application Amount | $40,990,000 |
| Average Mortgage Loan Application Amount | $650,634 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $104,317 |
| Highest Applicant Income | $759,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sonoma National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Sonoma National Bank in 2006
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 | 40 | $26,382,000 | $659,000 | $3,000,000 | $111,000 | $759,000 |
| Refinancing | 22 | $14,188,000 | $644,000 | $1,875,000 | $93,000 | $723,000 |
| Home Improvement | 1 | $420,000 | $420,000 | $420,000 | $86,000 | $86,000 |
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 | 30 | $23,223,000 | $774,000 | $3,000,000 | $203,000 | $759,000 |
| Not applicable | 17 | $8,361,000 | $491,000 | $1,000,000 | $0 | $0 |
| Not Provided | 8 | $4,456,000 | $557,000 | $889,000 | $64,000 | $186,000 |
| Asian | 4 | $3,157,000 | $789,000 | $1,050,000 | $0 | $0 |
| Hispanic | 3 | $1,368,000 | $456,000 | $520,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $425,000 | $425,000 | $425,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 63 | $40,990,000 | $650,000 | $3,000,000 | $105,000 | $759,000 |
| 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 | 37 | $20,985,000 | $567,000 | $1,875,000 | $70,000 | $672,000 |
| Application Withdrawn By Applicant | 12 | $10,304,000 | $858,000 | $3,000,000 | $200,000 | $759,000 |
| Application Denied By Financial Institution | 10 | $6,358,000 | $635,000 | $1,152,000 | $37,000 | $204,000 |
| Application Approved But Not Accepted | 4 | $3,343,000 | $835,000 | $1,320,000 | $308,000 | $636,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 5 | $2,726,000 | $545,000 | $870,000 | $18,000 | $70,000 |
| Collateral | 2 | $1,880,000 | $940,000 | $1,152,000 | $102,000 | $204,000 |
| Debt-To-Income Ratio | 2 | $1,127,000 | $563,000 | $650,000 | $40,000 | $81,000 |
| Credit History | 1 | $625,000 | $625,000 | $625,000 | $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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sonoma National Bank's 2006 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 Sonoma National 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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