The Golden 1 Credit Union Mortgage Lending & HMDA Data, 2009
In 2009, The Golden 1 Credit Union of Sacramento, CA reported 5,190 mortgage applications totaling $886.3 million, down 27% from 2008. The average application was for $170,767, and applicants reported an average income of $93,336. 32% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (2,982), Fresno, CA (315) and Oakland-Fremont-Hayward, CA (140) (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 | 5,190 |
| Total Mortgage Loan Application Amount | $886,283,000 |
| Average Mortgage Loan Application Amount | $170,767 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $93,336 |
| Highest Applicant Income | $5,013,000 |
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records The Golden 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,982 | $ 514,747,000 | $ 172,618 | $ 95,000 |
| Fresno, CA | 315 | $ 39,738,000 | $ 126,152 | $ 86,000 |
| Oakland-Fremont-Hayward, CA | 140 | $ 32,294,000 | $ 230,671 | $ 110,000 |
| Madera-Chowchilla, CA | 123 | $ 12,811,000 | $ 104,154 | $ 70,000 |
| San Francisco-San Mateo-Redwood City, CA | 114 | $ 32,238,000 | $ 282,789 | $ 124,000 |
| Modesto, CA | 100 | $ 10,672,000 | $ 106,720 | $ 81,000 |
| Stockton, CA | 81 | $ 11,332,000 | $ 139,901 | $ 92,000 |
| Chico, CA | 79 | $ 11,309,000 | $ 143,151 | $ 80,000 |
| Riverside-San Bernardino-Ontario, CA | 76 | $ 10,305,000 | $ 135,592 | $ 93,000 |
| San Luis Obispo-Paso Robles, CA | 75 | $ 13,392,000 | $ 178,560 | $ 95,000 |
| Vallejo-Fairfield, CA | 66 | $ 10,799,000 | $ 163,621 | $ 99,000 |
| Redding, CA | 62 | $ 9,132,000 | $ 147,290 | $ 86,000 |
| Los Angeles-Long Beach-Glendale, CA | 52 | $ 11,208,000 | $ 215,538 | $ 104,000 |
| Yuba City, CA | 49 | $ 7,327,000 | $ 149,530 | $ 88,000 |
| Hanford-Corcoran, CA | 32 | $ 3,800,000 | $ 118,750 | $ 83,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 29 | $ 7,100,000 | $ 244,827 | $ 114,000 |
| Visalia-Porterville, CA | 29 | $ 4,512,000 | $ 155,586 | $ 86,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 26 | $ 5,843,000 | $ 224,730 | $ 119,000 |
| Bakersfield, CA | 25 | $ 5,027,000 | $ 201,080 | $ 133,000 |
| Santa Rosa-Petaluma, CA | 18 | $ 4,363,000 | $ 242,388 | $ 129,000 |
| Merced, CA | 17 | $ 2,368,000 | $ 139,294 | $ 61,000 |
| Napa, CA | 17 | $ 3,300,000 | $ 194,117 | $ 86,000 |
| Salinas, CA | 17 | $ 2,296,000 | $ 135,058 | $ 86,000 |
| El Centro, CA | 15 | $ 1,162,000 | $ 77,466 | $ 89,000 |
| San Diego-Carlsbad-San Marcos, CA | 12 | $ 3,013,000 | $ 251,083 | $ 101,000 |
| Santa Ana-Anaheim-Irvine, CA | 11 | $ 2,892,000 | $ 262,909 | $ 161,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 7 | $ 1,827,000 | $ 261,000 | $ 72,000 |
| Santa Cruz-Watsonville, CA | 5 | $ 1,046,000 | $ 209,200 | $ 110,000 |
Mortgage Loan Application Detail Totals for The Golden 1 Credit Union in 2009
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 | 3,839 | $711,887,000 | $185,000 | $952,000 | $94,000 | $648,000 |
| Home Purchase | 859 | $152,875,000 | $177,000 | $1,500,000 | $94,000 | $5,013,000 |
| Home Improvement | 492 | $21,521,000 | $43,000 | $417,000 | $87,000 | $530,000 |
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 | 2,733 | $450,410,000 | $164,000 | $1,500,000 | $94,000 | $5,013,000 |
| Not Provided | 1,197 | $238,696,000 | $199,000 | $1,000,000 | $96,000 | $504,000 |
| Hispanic | 589 | $76,867,000 | $130,000 | $892,000 | $82,000 | $407,000 |
| Asian | 383 | $72,082,000 | $188,000 | $600,000 | $97,000 | $391,000 |
| Black or African American | 169 | $27,097,000 | $160,000 | $644,000 | $89,000 | $499,000 |
| Native Hawaiian or Other Pacific Islander | 64 | $10,620,000 | $165,000 | $450,000 | $80,000 | $269,000 |
| American Indian or Alaskan Native | 55 | $10,511,000 | $191,000 | $417,000 | $91,000 | $199,000 |
| 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) | 5,037 | $857,933,000 | $170,000 | $1,500,000 | $94,000 | $5,013,000 |
| FHA-insured (Federal Housing Administration) | 153 | $28,350,000 | $185,000 | $510,000 | $65,000 | $177,000 |
| 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 | 1,662 | $261,219,000 | $157,000 | $1,500,000 | $96,000 | $5,013,000 |
| Application Withdrawn By Applicant | 1,548 | $353,090,000 | $228,000 | $960,000 | $94,000 | $648,000 |
| Application Denied By Financial Institution | 1,162 | $119,528,000 | $102,000 | $952,000 | $88,000 | $504,000 |
| Application Approved But Not Accepted | 466 | $82,212,000 | $176,000 | $810,000 | $102,000 | $636,000 |
| Preapproval Approved but not Accepted | 254 | $51,276,000 | $201,000 | $1,000,000 | $80,000 | $384,000 |
| Preapproval Denied by Financial Institution | 98 | $18,958,000 | $193,000 | $1,000,000 | $72,000 | $288,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Collateral | 452 | $60,129,000 | $133,000 | $570,000 | $98,000 | $504,000 |
| Debt-To-Income Ratio | 444 | $39,073,000 | $88,000 | $952,000 | $72,000 | $273,000 |
| Credit History | 229 | $23,456,000 | $102,000 | $818,000 | $86,000 | $240,000 |
| Other | 85 | $9,682,000 | $113,000 | $1,000,000 | $117,000 | $467,000 |
| Employment History | 7 | $372,000 | $53,000 | $165,000 | $63,000 | $146,000 |
| Unverifiable Information | 6 | $1,009,000 | $168,000 | $357,000 | $89,000 | $184,000 |
| Mortgage Insurance Denied | 4 | $965,000 | $241,000 | $293,000 | $90,000 | $114,000 |
| Credit Application Incomplete | 4 | $680,000 | $170,000 | $255,000 | $60,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $602,000 | $200,000 | $312,000 | $141,000 | $189,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Golden 1 Credit Union's 2009 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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