The Golden 1 Credit Union Mortgage Lending & HMDA Data, 2008
In 2008, The Golden 1 Credit Union of Sacramento, CA reported 7,073 mortgage applications totaling $881.7 million, down 32% from 2007. The average application was for $124,656, and applicants reported an average income of $101,394. 39% of its applications resulted in an originated loan and 41% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (4,016), Fresno, CA (516) and Madera, CA (291) (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 | 7,073 |
| Total Mortgage Loan Application Amount | $881,697,000 |
| Average Mortgage Loan Application Amount | $124,656 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $101,394 |
| 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records The Golden 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 4,016 | $ 494,381,000 | $ 123,102 | $ 104,000 |
| Fresno, CA | 516 | $ 49,267,000 | $ 95,478 | $ 85,000 |
| Madera, CA | 291 | $ 25,869,000 | $ 88,896 | $ 70,000 |
| Modesto, CA | 221 | $ 23,226,000 | $ 105,095 | $ 83,000 |
| Vallejo-Fairfield, CA | 202 | $ 27,161,000 | $ 134,460 | $ 108,000 |
| Oakland-Fremont-Hayward, CA | 188 | $ 43,929,000 | $ 233,664 | $ 121,000 |
| Stockton, CA | 139 | $ 14,278,000 | $ 102,719 | $ 97,000 |
| San Luis Obispo-Paso Robles, CA | 134 | $ 15,609,000 | $ 116,485 | $ 104,000 |
| Chico, CA | 113 | $ 10,168,000 | $ 89,982 | $ 92,000 |
| San Francisco-San Mateo-Redwood City, CA | 109 | $ 26,448,000 | $ 242,642 | $ 132,000 |
| Riverside-San Bernardino-Ontario, CA | 108 | $ 12,720,000 | $ 117,777 | $ 102,000 |
| Redding, CA | 95 | $ 7,686,000 | $ 80,905 | $ 92,000 |
| Yuba City, CA | 82 | $ 8,714,000 | $ 106,268 | $ 103,000 |
| Hanford-Corcoran, CA | 72 | $ 5,834,000 | $ 81,027 | $ 88,000 |
| Los Angeles-Long Beach-Glendale, CA | 63 | $ 12,665,000 | $ 201,031 | $ 122,000 |
| Bakersfield, CA | 38 | $ 4,814,000 | $ 126,684 | $ 86,000 |
| El Centro, CA | 38 | $ 3,600,000 | $ 94,736 | $ 96,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 38 | $ 5,972,000 | $ 157,157 | $ 134,000 |
| Merced, CA | 36 | $ 3,661,000 | $ 101,694 | $ 100,000 |
| Visalia-Porterville, CA | 33 | $ 3,069,000 | $ 93,000 | $ 91,000 |
| Santa Rosa-Petaluma, CA | 31 | $ 5,716,000 | $ 184,387 | $ 134,000 |
| Napa, CA | 26 | $ 5,484,000 | $ 210,923 | $ 117,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 22 | $ 3,798,000 | $ 172,636 | $ 183,000 |
| San Diego-Carlsbad-San Marcos, CA | 21 | $ 5,560,000 | $ 264,761 | $ 155,000 |
| Santa Ana-Anaheim-Irvine, CA | 13 | $ 3,092,000 | $ 237,846 | $ 197,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 12 | $ 2,007,000 | $ 167,250 | $ 112,000 |
| Salinas, CA | 9 | $ 1,813,000 | $ 201,444 | $ 123,000 |
| Santa Cruz-Watsonville, CA | 7 | $ 2,434,000 | $ 347,714 | $ 206,000 |
Mortgage Loan Application Detail Totals for The Golden 1 Credit Union in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 4,354 | $605,104,000 | $138,000 | $1,500,000 | $100,000 | $1,920,000 |
| Home Improvement | 1,819 | $96,841,000 | $53,000 | $1,500,000 | $98,000 | $1,260,000 |
| Home Purchase | 900 | $179,752,000 | $199,000 | $1,500,000 | $115,000 | $1,409,000 |
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 | 3,649 | $400,678,000 | $109,000 | $1,500,000 | $104,000 | $1,920,000 |
| Not Provided | 1,352 | $237,144,000 | $175,000 | $1,500,000 | $106,000 | $1,263,000 |
| Hispanic | 1,136 | $110,689,000 | $97,000 | $1,313,000 | $84,000 | $1,231,000 |
| Asian | 534 | $78,861,000 | $147,000 | $1,500,000 | $118,000 | $1,704,000 |
| Black or African American | 251 | $33,042,000 | $131,000 | $630,000 | $83,000 | $264,000 |
| Native Hawaiian or Other Pacific Islander | 87 | $13,076,000 | $150,000 | $740,000 | $93,000 | $757,000 |
| American Indian or Alaskan Native | 64 | $8,207,000 | $128,000 | $645,000 | $96,000 | $315,000 |
| 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) | 7,073 | $881,697,000 | $124,000 | $1,500,000 | $101,000 | $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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 2,881 | $302,962,000 | $105,000 | $1,500,000 | $94,000 | $1,704,000 |
| Loan Originated | 2,763 | $317,120,000 | $114,000 | $1,313,000 | $106,000 | $1,212,000 |
| Application Withdrawn By Applicant | 829 | $218,101,000 | $263,000 | $1,500,000 | $109,000 | $1,920,000 |
| Application Approved But Not Accepted | 570 | $38,529,000 | $67,000 | $500,000 | $106,000 | $897,000 |
| Preapproval Denied by Financial Institution | 30 | $4,985,000 | $166,000 | $490,000 | $66,000 | $246,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1,292 | $146,758,000 | $113,000 | $1,300,000 | $72,000 | $334,000 |
| Credit History | 745 | $62,548,000 | $83,000 | $1,140,000 | $97,000 | $1,409,000 |
| Collateral | 639 | $71,907,000 | $112,000 | $1,225,000 | $126,000 | $1,704,000 |
| Other | 137 | $14,774,000 | $107,000 | $1,500,000 | $130,000 | $1,000,000 |
| Employment History | 15 | $1,550,000 | $103,000 | $386,000 | $80,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $2,032,000 | $203,000 | $308,000 | $88,000 | $154,000 |
| Unverifiable Information | 9 | $715,000 | $79,000 | $147,000 | $81,000 | $140,000 |
| Credit Application Incomplete | 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 2008 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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