The Golden 1 Credit Union Mortgage Lending & HMDA Data, 2011
In 2011, The Golden 1 Credit Union of Sacramento, CA reported 5,903 mortgage applications totaling $1.1 billion, up 3% from 2010. The average application was for $179,899, and applicants reported an average income of $95,651. 23% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (2,966), Fresno, CA (340) and Oakland-Fremont-Hayward, CA (161) (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 | 5,903 |
| Total Mortgage Loan Application Amount | $1,061,948,000 |
| Average Mortgage Loan Application Amount | $179,899 |
| Highest Mortgage Loan Application Amount | $1,400,000 |
| Average Applicant Income | $95,651 |
| Highest Applicant Income | $1,873,000 |
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records The Golden 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,966 | $ 518,226,000 | $ 174,722 | $ 102,000 |
| Fresno, CA | 340 | $ 46,837,000 | $ 137,755 | $ 77,000 |
| Oakland-Fremont-Hayward, CA | 161 | $ 40,530,000 | $ 251,739 | $ 111,000 |
| San Francisco-San Mateo-Redwood City, CA | 122 | $ 45,018,000 | $ 369,000 | $ 139,000 |
| Madera-Chowchilla, CA | 108 | $ 13,139,000 | $ 121,657 | $ 70,000 |
| Vallejo-Fairfield, CA | 104 | $ 15,278,000 | $ 146,903 | $ 98,000 |
| Stockton, CA | 95 | $ 12,174,000 | $ 128,147 | $ 85,000 |
| San Luis Obispo-Paso Robles, CA | 75 | $ 16,141,000 | $ 215,213 | $ 100,000 |
| Modesto, CA | 68 | $ 8,714,000 | $ 128,147 | $ 89,000 |
| Riverside-San Bernardino-Ontario, CA | 60 | $ 10,926,000 | $ 182,100 | $ 128,000 |
| Chico, CA | 56 | $ 8,644,000 | $ 154,357 | $ 91,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 45 | $ 11,054,000 | $ 245,644 | $ 92,000 |
| Yuba City, CA | 45 | $ 5,686,000 | $ 126,355 | $ 82,000 |
| Redding, CA | 44 | $ 6,899,000 | $ 156,795 | $ 149,000 |
| Hanford-Corcoran, CA | 38 | $ 4,253,000 | $ 111,921 | $ 56,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 35 | $ 10,343,000 | $ 295,514 | $ 127,000 |
| Napa, CA | 32 | $ 6,787,000 | $ 212,093 | $ 102,000 |
| Los Angeles-Long Beach-Glendale, CA | 31 | $ 8,311,000 | $ 268,096 | $ 104,000 |
| Visalia-Porterville, CA | 29 | $ 3,733,000 | $ 128,724 | $ 88,000 |
| Bakersfield-Delano, CA | 25 | $ 3,177,000 | $ 127,080 | $ 88,000 |
| El Centro, CA | 22 | $ 2,543,000 | $ 115,590 | $ 99,000 |
| Salinas, CA | 19 | $ 3,452,000 | $ 181,684 | $ 136,000 |
| Santa Rosa-Petaluma, CA | 19 | $ 5,481,000 | $ 288,473 | $ 165,000 |
| Merced, CA | 17 | $ 2,130,000 | $ 125,294 | $ 71,000 |
| Santa Ana-Anaheim-Irvine, CA | 14 | $ 5,387,000 | $ 384,785 | $ 123,000 |
| San Diego-Carlsbad-San Marcos, CA | 13 | $ 3,453,000 | $ 265,615 | $ 164,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 10 | $ 1,907,000 | $ 190,700 | $ 93,000 |
| Santa Cruz-Watsonville, CA | 4 | $ 1,216,000 | $ 304,000 | $ 225,000 |
Mortgage Loan Application Detail Totals for The Golden 1 Credit Union in 2011
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 | 3,872 | $728,360,000 | $188,000 | $1,400,000 | $101,000 | $1,873,000 |
| Home Purchase | 1,477 | $279,296,000 | $189,000 | $950,000 | $83,000 | $840,000 |
| Home Improvement | 554 | $54,292,000 | $98,000 | $560,000 | $92,000 | $617,000 |
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 | 3,047 | $540,108,000 | $177,000 | $1,200,000 | $98,000 | $1,873,000 |
| Not Provided | 1,068 | $210,430,000 | $197,000 | $956,000 | $105,000 | $1,388,000 |
| Hispanic | 862 | $131,116,000 | $152,000 | $880,000 | $80,000 | $784,000 |
| Asian | 530 | $111,307,000 | $210,000 | $1,400,000 | $97,000 | $750,000 |
| Black or African American | 234 | $41,888,000 | $179,000 | $700,000 | $82,000 | $411,000 |
| Native Hawaiian or Other Pacific Islander | 93 | $16,070,000 | $172,000 | $585,000 | $71,000 | $245,000 |
| American Indian or Alaskan Native | 69 | $11,029,000 | $159,000 | $457,000 | $86,000 | $576,000 |
| 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) | 5,392 | $966,190,000 | $179,000 | $1,400,000 | $98,000 | $1,873,000 |
| FHA-insured (Federal Housing Administration) | 511 | $95,758,000 | $187,000 | $592,000 | $70,000 | $1,380,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 1,701 | $340,500,000 | $200,000 | $1,400,000 | $102,000 | $1,873,000 |
| Loan Originated | 1,370 | $228,368,000 | $166,000 | $955,000 | $102,000 | $877,000 |
| Application Denied By Financial Institution | 1,211 | $183,449,000 | $151,000 | $1,200,000 | $90,000 | $1,013,000 |
| Preapproval Denied by Financial Institution | 678 | $125,753,000 | $185,000 | $875,000 | $69,000 | $360,000 |
| Application Approved But Not Accepted | 563 | $106,094,000 | $188,000 | $960,000 | $106,000 | $848,000 |
| Preapproval Approved but not Accepted | 380 | $77,784,000 | $204,000 | $730,000 | $93,000 | $383,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 633 | $100,588,000 | $158,000 | $950,000 | $61,000 | $617,000 |
| Credit History | 593 | $94,368,000 | $159,000 | $1,200,000 | $82,000 | $680,000 |
| Collateral | 388 | $68,379,000 | $176,000 | $700,000 | $110,000 | $1,013,000 |
| Other | 83 | $11,911,000 | $143,000 | $545,000 | $106,000 | $540,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 52 | $9,481,000 | $182,000 | $507,000 | $92,000 | $294,000 |
| Employment History | 35 | $5,188,000 | $148,000 | $609,000 | $59,000 | $152,000 |
| Unverifiable Information | 12 | $2,235,000 | $186,000 | $417,000 | $80,000 | $227,000 |
| Credit Application Incomplete | 10 | $1,530,000 | $153,000 | $487,000 | $152,000 | $626,000 |
| Mortgage Insurance Denied | 2 | $579,000 | $289,000 | $329,000 | $85,000 | $95,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Golden 1 Credit Union's 2011 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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