The Golden 1 Credit Union Mortgage Lending & HMDA Data, 2010
In 2010, The Golden 1 Credit Union of Sacramento, CA reported 5,719 mortgage applications totaling $1.1 billion, up 10% from 2009. The average application was for $185,727, and applicants reported an average income of $100,314. 27% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (3,201), Fresno, CA (334) and Oakland-Fremont-Hayward, CA (159) (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 | 5,719 |
| Total Mortgage Loan Application Amount | $1,062,178,000 |
| Average Mortgage Loan Application Amount | $185,727 |
| Highest Mortgage Loan Application Amount | $980,000 |
| Average Applicant Income | $100,314 |
| Highest Applicant Income | $2,179,000 |
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records The Golden 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2010
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 | 4,220 | $846,959,000 | $200,000 | $980,000 | $104,000 | $2,179,000 |
| Home Purchase | 870 | $166,618,000 | $191,000 | $730,000 | $87,000 | $860,000 |
| Home Improvement | 629 | $48,601,000 | $77,000 | $500,000 | $94,000 | $1,303,000 |
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 | 3,072 | $560,810,000 | $182,000 | $800,000 | $102,000 | $2,179,000 |
| Not Provided | 1,242 | $250,747,000 | $201,000 | $850,000 | $104,000 | $1,355,000 |
| Hispanic | 673 | $107,717,000 | $160,000 | $980,000 | $86,000 | $1,728,000 |
| Asian | 454 | $90,740,000 | $199,000 | $974,000 | $109,000 | $1,242,000 |
| Black or African American | 170 | $32,283,000 | $189,000 | $862,000 | $98,000 | $1,234,000 |
| Native Hawaiian or Other Pacific Islander | 74 | $14,032,000 | $189,000 | $479,000 | $81,000 | $264,000 |
| American Indian or Alaskan Native | 34 | $5,849,000 | $172,000 | $370,000 | $78,000 | $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) | 5,401 | $999,641,000 | $185,000 | $980,000 | $102,000 | $2,179,000 |
| FHA-insured (Federal Housing Administration) | 318 | $62,537,000 | $196,000 | $746,000 | $71,000 | $522,000 |
| 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 | 2,667 | $568,645,000 | $213,000 | $980,000 | $108,000 | $2,179,000 |
| Loan Originated | 1,524 | $252,683,000 | $165,000 | $722,000 | $98,000 | $716,000 |
| Application Denied By Financial Institution | 703 | $79,283,000 | $112,000 | $809,000 | $93,000 | $1,303,000 |
| Preapproval Approved but not Accepted | 363 | $77,470,000 | $213,000 | $730,000 | $84,000 | $415,000 |
| Application Approved But Not Accepted | 338 | $60,713,000 | $179,000 | $656,000 | $99,000 | $492,000 |
| Preapproval Denied by Financial Institution | 124 | $23,384,000 | $188,000 | $520,000 | $61,000 | $260,000 |
| 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 | 318 | $34,438,000 | $108,000 | $550,000 | $76,000 | $794,000 |
| Collateral | 226 | $31,238,000 | $138,000 | $784,000 | $109,000 | $578,000 |
| Credit History | 210 | $27,496,000 | $130,000 | $550,000 | $86,000 | $1,303,000 |
| Other | 39 | $3,826,000 | $98,000 | $344,000 | $93,000 | $260,000 |
| Unverifiable Information | 6 | $1,907,000 | $317,000 | $809,000 | $92,000 | $133,000 |
| Employment History | 4 | $122,000 | $30,000 | $60,000 | $62,000 | $108,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $379,000 | $189,000 | $271,000 | $67,000 | $94,000 |
| Mortgage Insurance Denied | 1 | $199,000 | $199,000 | $199,000 | $90,000 | $90,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Golden 1 Credit Union's 2010 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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