The Golden 1 Credit Union Mortgage Lending & HMDA Data, 2006
In 2006, The Golden 1 Credit Union of Sacramento, CA reported 12,565 mortgage applications totaling $1.1 billion, down 2% from 2005. The average application was for $88,404, and applicants reported an average income of $96,793. 63% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (7,309), Fresno, CA (945) and Modesto, CA (367) (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 | 12,565 |
| Total Mortgage Loan Application Amount | $1,110,803,000 |
| Average Mortgage Loan Application Amount | $88,404 |
| Highest Mortgage Loan Application Amount | $1,043,000 |
| Average Applicant Income | $96,793 |
| Highest Applicant Income | $9,999,000 |
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records The Golden 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 7,309 | $ 649,582,000 | $ 88,874 | $ 101,000 |
| Fresno, CA | 945 | $ 73,488,000 | $ 77,765 | $ 91,000 |
| Modesto, CA | 367 | $ 28,360,000 | $ 77,275 | $ 87,000 |
| Stockton, CA | 356 | $ 29,218,000 | $ 82,073 | $ 88,000 |
| Madera, CA | 352 | $ 23,848,000 | $ 67,750 | $ 69,000 |
| San Luis Obispo-Paso Robles, CA | 313 | $ 27,414,000 | $ 87,584 | $ 91,000 |
| Oakland-Fremont-Hayward, CA | 303 | $ 37,276,000 | $ 123,023 | $ 117,000 |
| Vallejo-Fairfield, CA | 274 | $ 27,216,000 | $ 99,328 | $ 93,000 |
| Redding, CA | 219 | $ 15,105,000 | $ 68,972 | $ 99,000 |
| Yuba City, CA | 215 | $ 17,324,000 | $ 80,576 | $ 88,000 |
| Riverside-San Bernardino-Ontario, CA | 210 | $ 21,713,000 | $ 103,395 | $ 97,000 |
| Chico, CA | 184 | $ 14,948,000 | $ 81,239 | $ 88,000 |
| San Francisco-San Mateo-Redwood City, CA | 182 | $ 23,322,000 | $ 128,142 | $ 118,000 |
| Hanford-Corcoran, CA | 103 | $ 7,943,000 | $ 77,116 | $ 84,000 |
| Merced, CA | 94 | $ 6,807,000 | $ 72,414 | $ 75,000 |
| Los Angeles-Long Beach-Glendale, CA | 84 | $ 8,563,000 | $ 101,940 | $ 97,000 |
| Santa Barbara-Santa Maria, CA | 78 | $ 6,671,000 | $ 85,525 | $ 106,000 |
| Bakersfield, CA | 77 | $ 6,580,000 | $ 85,454 | $ 86,000 |
| Visalia-Porterville, CA | 70 | $ 5,796,000 | $ 82,800 | $ 88,000 |
| El Centro, CA | 69 | $ 5,633,000 | $ 81,637 | $ 87,000 |
| Napa, CA | 56 | $ 6,689,000 | $ 119,446 | $ 91,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 30 | $ 3,108,000 | $ 103,600 | $ 109,000 |
| San Diego-Carlsbad-San Marcos, CA | 28 | $ 4,019,000 | $ 143,535 | $ 106,000 |
| Santa Ana-Anaheim-Irvine, CA | 22 | $ 2,840,000 | $ 129,090 | $ 92,000 |
| Santa Rosa-Petaluma, CA | 21 | $ 2,314,000 | $ 110,190 | $ 182,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 16 | $ 1,706,000 | $ 106,625 | $ 100,000 |
| Salinas, CA | 7 | $ 662,000 | $ 94,571 | $ 105,000 |
| Santa Cruz-Watsonville, CA | 7 | $ 914,000 | $ 130,571 | $ 120,000 |
| Las Vegas-Paradise, NV | 2 | $ 32,000 | $ 16,000 | $ 77,000 |
| Decatur, AL | 1 | $ 25,000 | $ 25,000 | $ 27,000 |
| Reno-Sparks, NV | 1 | $ 15,000 | $ 15,000 | $ 77,000 |
| St. Louis, MO-IL | 1 | $ 10,000 | $ 10,000 | $ 126,000 |
Mortgage Loan Application Detail Totals for The Golden 1 Credit Union 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 Improvement | 7,224 | $432,111,000 | $59,000 | $1,043,000 | $97,000 | $5,320,000 |
| Refinancing | 4,792 | $579,410,000 | $120,000 | $917,000 | $96,000 | $9,999,000 |
| Home Purchase | 549 | $99,282,000 | $180,000 | $700,000 | $101,000 | $3,120,000 |
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 | 5,217 | $463,736,000 | $88,000 | $1,043,000 | $93,000 | $9,999,000 |
| White | 4,734 | $399,435,000 | $84,000 | $850,000 | $104,000 | $5,026,000 |
| Hispanic | 1,393 | $116,525,000 | $83,000 | $680,000 | $80,000 | $1,950,000 |
| Asian | 642 | $69,528,000 | $108,000 | $715,000 | $120,000 | $5,320,000 |
| Black or African American | 384 | $43,400,000 | $113,000 | $683,000 | $93,000 | $3,120,000 |
| Native Hawaiian or Other Pacific Islander | 122 | $11,016,000 | $90,000 | $575,000 | $96,000 | $682,000 |
| American Indian or Alaskan Native | 73 | $7,163,000 | $98,000 | $444,000 | $93,000 | $905,000 |
| 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) | 12,539 | $1,108,817,000 | $88,000 | $1,043,000 | $97,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 16 | $1,024,000 | $64,000 | $150,000 | $119,000 | $622,000 |
| VA-guaranteed (Veterans Administration) | 10 | $962,000 | $96,000 | $280,000 | $63,000 | $115,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 7,945 | $627,406,000 | $78,000 | $850,000 | $102,000 | $9,999,000 |
| Application Denied By Financial Institution | 3,085 | $273,299,000 | $88,000 | $1,043,000 | $84,000 | $5,026,000 |
| Application Approved But Not Accepted | 973 | $139,754,000 | $143,000 | $917,000 | $92,000 | $1,224,000 |
| Application Withdrawn By Applicant | 552 | $67,944,000 | $123,000 | $760,000 | $107,000 | $5,320,000 |
| Preapproval Approved but not Accepted | 6 | $1,667,000 | $277,000 | $417,000 | $127,000 | $243,000 |
| Preapproval Denied by Financial Institution | 2 | $513,000 | $256,000 | $319,000 | $52,000 | $65,000 |
| File Closed For Incompleteness | 2 | $220,000 | $110,000 | $120,000 | $69,000 | $90,000 |
| Loan Purchased By The 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 | 209 | $22,182,000 | $106,000 | $610,000 | $84,000 | $1,680,000 |
| Debt-To-Income Ratio | 197 | $38,000,000 | $192,000 | $1,043,000 | $70,000 | $248,000 |
| Employment History | 33 | $2,230,000 | $67,000 | $152,000 | $67,000 | $182,000 |
| Collateral | 11 | $1,888,000 | $171,000 | $423,000 | $91,000 | $240,000 |
| Unverifiable Information | 8 | $776,000 | $97,000 | $225,000 | $95,000 | $401,000 |
| Other | 5 | $1,422,000 | $284,000 | $500,000 | $154,000 | $312,000 |
| Credit Application Incomplete | 3 | $324,000 | $108,000 | $200,000 | $104,000 | $220,000 |
| 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 The Golden 1 Credit Union'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 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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