The Golden 1 Credit Union Mortgage Lending & HMDA Data, 2007
In 2007, The Golden 1 Credit Union of Sacramento, CA reported 10,397 mortgage applications totaling $1.2 billion, down 17% from 2006. The average application was for $118,781, and applicants reported an average income of $94,087. 60% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (5,541), Fresno, CA (795) and Madera, CA (328) (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 | 10,397 |
| Total Mortgage Loan Application Amount | $1,234,971,000 |
| Average Mortgage Loan Application Amount | $118,781 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $94,087 |
| Highest Applicant Income | $1,812,000 |
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records The Golden 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for The Golden 1 Credit Union in 2007
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 | 4,744 | $268,224,000 | $56,000 | $500,000 | $94,000 | $1,805,000 |
| Refinancing | 4,466 | $685,913,000 | $153,000 | $1,500,000 | $95,000 | $1,812,000 |
| Home Purchase | 1,187 | $280,834,000 | $236,000 | $1,100,000 | $91,000 | $854,000 |
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 | 5,229 | $553,340,000 | $105,000 | $1,365,000 | $98,000 | $1,812,000 |
| Not Provided | 1,978 | $310,489,000 | $156,000 | $1,100,000 | $96,000 | $1,805,000 |
| Hispanic | 1,714 | $174,325,000 | $101,000 | $948,000 | $78,000 | $1,629,000 |
| Asian | 851 | $119,335,000 | $140,000 | $1,500,000 | $99,000 | $715,000 |
| Black or African American | 430 | $51,868,000 | $120,000 | $750,000 | $87,000 | $480,000 |
| Native Hawaiian or Other Pacific Islander | 121 | $16,685,000 | $137,000 | $915,000 | $96,000 | $282,000 |
| American Indian or Alaskan Native | 74 | $8,929,000 | $120,000 | $788,000 | $92,000 | $696,000 |
| 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) | 10,397 | $1,234,971,000 | $118,000 | $1,500,000 | $94,000 | $1,812,000 |
| 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 | 6,251 | $657,682,000 | $105,000 | $1,365,000 | $102,000 | $1,812,000 |
| Application Denied By Financial Institution | 2,926 | $329,901,000 | $112,000 | $1,500,000 | $81,000 | $1,805,000 |
| Application Withdrawn By Applicant | 649 | $141,044,000 | $217,000 | $1,500,000 | $79,000 | $422,000 |
| Application Approved But Not Accepted | 314 | $43,280,000 | $137,000 | $1,053,000 | $106,000 | $1,260,000 |
| Preapproval Denied by Financial Institution | 203 | $47,962,000 | $236,000 | $540,000 | $74,000 | $696,000 |
| Preapproval Approved but not Accepted | 52 | $15,027,000 | $288,000 | $800,000 | $72,000 | $247,000 |
| File Closed For Incompleteness | 2 | $75,000 | $37,000 | $50,000 | $17,000 | $35,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1,253 | $184,654,000 | $147,000 | $1,500,000 | $68,000 | $536,000 |
| Credit History | 604 | $74,493,000 | $123,000 | $585,000 | $86,000 | $834,000 |
| Collateral | 192 | $25,853,000 | $134,000 | $600,000 | $108,000 | $854,000 |
| Other | 83 | $14,684,000 | $176,000 | $696,000 | $102,000 | $474,000 |
| Employment History | 46 | $4,825,000 | $104,000 | $530,000 | $88,000 | $480,000 |
| Unverifiable Information | 7 | $1,960,000 | $280,000 | $417,000 | $392,000 | $800,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $1,137,000 | $189,000 | $315,000 | $63,000 | $112,000 |
| Mortgage Insurance Denied | 3 | $583,000 | $194,000 | $230,000 | $63,000 | $71,000 |
| Credit Application Incomplete | 2 | $450,000 | $225,000 | $400,000 | $17,000 | $33,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Golden 1 Credit Union's 2007 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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