The Golden 1 Credit Union Mortgage Lending & HMDA Data, 2013
In 2013, The Golden 1 Credit Union of Sacramento, CA reported 4,704 mortgage applications totaling $852.0 million, down 14% from 2012. The average application was for $181,121, and applicants reported an average income of $94,966. 43% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Sacramento--Arden-Arcade--Roseville, CA (2,852), Fresno, CA (276) and Oakland-Fremont-Hayward, CA (130) (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 | 4,704 |
| Total Mortgage Loan Application Amount | $851,994,000 |
| Average Mortgage Loan Application Amount | $181,121 |
| Highest Mortgage Loan Application Amount | $1,466,000 |
| Average Applicant Income | $94,966 |
| Highest Applicant Income | $1,731,000 |
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records The Golden 1 Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2013
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 | 3,479 | $660,952,000 | $189,000 | $1,120,000 | $95,000 | $1,731,000 |
| Home Improvement | 691 | $73,317,000 | $106,000 | $1,466,000 | $94,000 | $726,000 |
| Home Purchase | 534 | $117,725,000 | $220,000 | $782,000 | $96,000 | $500,000 |
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 | 2,636 | $478,265,000 | $181,000 | $1,050,000 | $96,000 | $980,000 |
| Hispanic | 745 | $119,536,000 | $160,000 | $1,120,000 | $85,000 | $1,731,000 |
| Not Provided | 581 | $107,070,000 | $184,000 | $1,090,000 | $108,000 | $1,260,000 |
| Asian | 437 | $88,807,000 | $203,000 | $813,000 | $98,000 | $500,000 |
| Black or African American | 173 | $35,873,000 | $207,000 | $1,466,000 | $90,000 | $380,000 |
| Native Hawaiian or Other Pacific Islander | 88 | $14,828,000 | $168,000 | $545,000 | $91,000 | $562,000 |
| American Indian or Alaskan Native | 44 | $7,615,000 | $173,000 | $383,000 | $77,000 | $242,000 |
| 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) | 4,704 | $851,994,000 | $181,000 | $1,466,000 | $95,000 | $1,731,000 |
| 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 | 2,016 | $350,776,000 | $173,000 | $1,090,000 | $98,000 | $1,031,000 |
| Application Denied By Financial Institution | 1,481 | $259,067,000 | $174,000 | $1,466,000 | $87,000 | $1,260,000 |
| Application Approved But Not Accepted | 821 | $153,152,000 | $186,000 | $950,000 | $101,000 | $1,731,000 |
| Application Withdrawn By Applicant | 386 | $88,999,000 | $230,000 | $1,120,000 | $99,000 | $960,000 |
| 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 |
| Preapproval Denied by Financial 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 | 514 | $87,920,000 | $171,000 | $1,050,000 | $60,000 | $726,000 |
| Credit History | 475 | $79,616,000 | $167,000 | $630,000 | $102,000 | $1,260,000 |
| Collateral | 335 | $63,844,000 | $190,000 | $1,466,000 | $107,000 | $766,000 |
| Other | 84 | $15,001,000 | $178,000 | $813,000 | $110,000 | $329,000 |
| Employment History | 17 | $2,261,000 | $133,000 | $290,000 | $47,000 | $109,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $2,467,000 | $189,000 | $363,000 | $61,000 | $115,000 |
| Credit Application Incomplete | 6 | $1,338,000 | $223,000 | $315,000 | $77,000 | $122,000 |
| Unverifiable Information | 3 | $890,000 | $296,000 | $352,000 | $131,000 | $207,000 |
| Mortgage Insurance Denied | 1 | $175,000 | $175,000 | $175,000 | $51,000 | $51,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Golden 1 Credit Union's 2013 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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