The Golden 1 Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, The Golden 1 Credit Union of Sacramento, CA reported 12,678 mortgage applications totaling $1.4 billion, down 32% from 2003. The average application was for $107,389, and applicants reported an average income of $85,495. 72% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (7,907), Fresno, CA (885) and Modesto, CA (322) (applications in parentheses).
| Mortgage Company & Address | The Golden 1 Credit Union 8945 Cal Center Drive Sacramento, CA 95826 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 12,678 |
| Total Mortgage Loan Application Amount | $1,361,483,000 |
| Average Mortgage Loan Application Amount | $107,389 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $85,495 |
| Highest Applicant Income | $1,920,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Golden 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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--Arden-Arcade--Roseville, CA | 7,907 | $ 880,661,000 | $ 111,377 | $ 85,000 |
| Fresno, CA | 885 | $ 72,940,000 | $ 82,418 | $ 103,000 |
| Modesto, CA | 322 | $ 27,752,000 | $ 86,186 | $ 67,000 |
| Madera, CA | 296 | $ 24,689,000 | $ 83,408 | $ 70,000 |
| Vallejo-Fairfield, CA | 282 | $ 31,131,000 | $ 110,393 | $ 81,000 |
| Stockton, CA | 275 | $ 27,270,000 | $ 99,163 | $ 80,000 |
| San Luis Obispo-Paso Robles, CA | 242 | $ 26,243,000 | $ 108,442 | $ 92,000 |
| Riverside-San Bernardino-Ontario, CA | 226 | $ 22,467,000 | $ 99,411 | $ 96,000 |
| Redding, CA | 202 | $ 15,005,000 | $ 74,282 | $ 63,000 |
| Oakland-Fremont-Hayward, CA | 191 | $ 29,993,000 | $ 157,031 | $ 92,000 |
| Yuba City, CA | 184 | $ 17,446,000 | $ 94,815 | $ 69,000 |
| San Francisco-San Mateo-Redwood City, CA | 135 | $ 24,673,000 | $ 182,762 | $ 115,000 |
| Chico, CA | 132 | $ 12,717,000 | $ 96,340 | $ 68,000 |
| Bakersfield, CA | 104 | $ 8,506,000 | $ 81,788 | $ 89,000 |
| Hanford-Corcoran, CA | 104 | $ 6,445,000 | $ 61,971 | $ 83,000 |
| Los Angeles-Long Beach-Glendale, CA | 102 | $ 13,953,000 | $ 136,794 | $ 87,000 |
| Visalia-Porterville, CA | 88 | $ 7,329,000 | $ 83,284 | $ 82,000 |
| El Centro, CA | 78 | $ 5,317,000 | $ 68,166 | $ 70,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 70 | $ 10,446,000 | $ 149,228 | $ 91,000 |
| Merced, CA | 60 | $ 5,301,000 | $ 88,350 | $ 57,000 |
| Napa, CA | 56 | $ 5,351,000 | $ 95,553 | $ 92,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 42 | $ 8,363,000 | $ 199,119 | $ 110,000 |
| San Diego-Carlsbad-San Marcos, CA | 39 | $ 7,526,000 | $ 192,974 | $ 123,000 |
| Santa Ana-Anaheim-Irvine, CA | 33 | $ 7,302,000 | $ 221,272 | $ 104,000 |
| Santa Rosa-Petaluma, CA | 27 | $ 4,530,000 | $ 167,777 | $ 96,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 20 | $ 2,217,000 | $ 110,850 | $ 101,000 |
| Salinas, CA | 12 | $ 1,870,000 | $ 155,833 | $ 131,000 |
| Santa Cruz-Watsonville, CA | 7 | $ 1,389,000 | $ 198,428 | $ 121,000 |
| Reno-Sparks, NV | 2 | $ 150,000 | $ 75,000 | $ 60,000 |
| Spokane, WA | 1 | $ 10,000 | $ 10,000 | $ 44,000 |
| Yuma, AZ | 1 | $ 20,000 | $ 20,000 | $ 10,000 |
Mortgage Loan Application Detail Totals for The Golden 1 Credit Union 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 |
|---|---|---|---|---|---|---|
| Home Improvement | 5,810 | $285,838,000 | $38,800 | $966,000 | $52,400 | $1,920,000 |
| Refinancing | 5,504 | $833,794,000 | $151,000 | $1,300,000 | $85,000 | $1,848,000 |
| Home Purchase | 1,364 | $241,851,000 | $177,000 | $1,242,000 | $94,000 | $1,081,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 7,295 | $641,914,000 | $49,333 | $1,242,000 | $56,666 | $1,848,000 |
| White | 3,249 | $424,443,000 | $115,000 | $1,100,000 | $84,000 | $1,920,000 |
| Hispanic | 857 | $99,029,000 | $67,500 | $675,000 | $43,500 | $1,213,000 |
| Black or African American | 669 | $111,253,000 | $166,000 | $1,300,000 | $89,000 | $395,000 |
| Asian | 453 | $65,272,000 | $92,000 | $707,000 | $85,000 | $1,200,000 |
| Native Hawaiian or Other Pacific Islander | 96 | $11,234,000 | $117,000 | $575,000 | $81,000 | $188,000 |
| American Indian or Alaskan Native | 59 | $8,338,000 | $141,000 | $420,000 | $80,000 | $176,000 |
| 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) | 12,678 | $1,361,483,000 | $50,400 | $1,300,000 | $53,000 | $1,920,000 |
| 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 | 9,144 | $957,793,000 | $104,000 | $1,300,000 | $92,000 | $1,920,000 |
| Application Denied By Financial Institution | 1,884 | $178,144,000 | $47,800 | $660,000 | $51,000 | $1,200,000 |
| Application Approved But Not Accepted | 1,383 | $173,551,000 | $125,000 | $700,000 | $93,000 | $1,140,000 |
| Application Withdrawn By Applicant | 267 | $51,995,000 | $194,000 | $723,000 | $87,000 | $1,296,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,003 | $69,191,000 | $43,000 | $500,000 | $54,000 | $1,200,000 |
| Debt-To-Income Ratio | 328 | $29,600,000 | $65,000 | $624,000 | $63,000 | $372,000 |
| Other | 57 | $4,569,000 | $80,000 | $314,000 | $111,000 | $744,000 |
| Collateral | 30 | $1,654,000 | $76,500 | $246,000 | $81,500 | $143,000 |
| Unverifiable Information | 9 | $672,000 | $74,000 | $130,000 | $80,000 | $108,000 |
| Credit Application Incomplete | 8 | $777,000 | $97,000 | $230,000 | $75,000 | $165,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $291,000 | $72,000 | $160,000 | $103,000 | $300,000 |
| Employment History | 2 | $80,000 | $40,000 | $65,000 | $26,000 | $33,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Golden 1 Credit Union'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 The Golden 1 Credit Union'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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