Western Paradise Financial Mortgage Lending & HMDA Data, 2009
In 2009, Western Paradise Financial of Waipahu, HI reported 324 mortgage applications totaling $122.0 million. The average application was for $376,515, and applicants reported an average income of $110,660. 62% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Honolulu, HI (190), Los Angeles-Long Beach-Glendale, CA (2) and Phoenix-Mesa-Scottsdale, AZ (2) (applications in parentheses).
| Mortgage Company & Address | Western Paradise Financial 94-799 Lumiaina St. Ste. A1 Waipahu, HI 96797 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 |
| Total Number of Mortgage Applications | 324 |
| Total Mortgage Loan Application Amount | $121,991,000 |
| Average Mortgage Loan Application Amount | $376,515 |
| Highest Mortgage Loan Application Amount | $3,120,000 |
| Average Applicant Income | $110,660 |
| Highest Applicant Income | $1,021,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Western Paradise Financial filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Honolulu, Hawaii | 190 | $ 77,814,000 | $ 409,547 | $ 101,000 |
| Hawaii, Hawaii | 53 | $ 15,334,000 | $ 289,320 | $ 124,000 |
| Maui, Hawaii | 34 | $ 12,045,000 | $ 354,264 | $ 128,000 |
| Kauai, Hawaii | 32 | $ 12,700,000 | $ 396,875 | $ 124,000 |
| Maricopa, Arizona | 2 | $ 207,000 | $ 103,500 | $ 53,000 |
| Los Angeles, California | 2 | $ 487,000 | $ 243,500 | $ 124,000 |
| San Diego, California | 2 | $ 717,000 | $ 358,500 | $ 126,000 |
| King, Washington | 2 | $ 444,000 | $ 222,000 | $ 50,000 |
| Kern, California | 1 | $ 417,000 | $ 417,000 | $ 239,000 |
| Napa, California | 1 | $ 567,000 | $ 567,000 | $ 82,000 |
| Orange, California | 1 | $ 690,000 | $ 690,000 | $ 331,000 |
| Sacramento, California | 1 | $ 70,000 | $ 70,000 | $ 51,000 |
| Clark, Nevada | 1 | $ 80,000 | $ 80,000 | $ 92,000 |
| Bernalillo, New Mexico | 1 | $ 139,000 | $ 139,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Western Paradise Financial 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 198 | $72,705,000 | $367,000 | $3,120,000 | $123,000 | $1,021,000 |
| Refinancing | 122 | $48,235,000 | $395,000 | $945,000 | $92,000 | $519,000 |
| Home Improvement | 4 | $1,051,000 | $262,000 | $519,000 | $69,000 | $96,000 |
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 | 188 | $72,957,000 | $388,000 | $3,120,000 | $123,000 | $1,021,000 |
| Asian | 85 | $30,670,000 | $360,000 | $712,000 | $93,000 | $732,000 |
| Native Hawaiian or Other Pacific Islander | 23 | $7,263,000 | $315,000 | $656,000 | $68,000 | $176,000 |
| Not Provided | 11 | $4,767,000 | $433,000 | $720,000 | $135,000 | $396,000 |
| Hispanic | 8 | $2,637,000 | $329,000 | $626,000 | $105,000 | $244,000 |
| Black or African American | 7 | $2,964,000 | $423,000 | $626,000 | $98,000 | $146,000 |
| American Indian or Alaskan Native | 2 | $733,000 | $366,000 | $481,000 | $43,000 | $86,000 |
| 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) | 176 | $66,297,000 | $376,000 | $3,120,000 | $142,000 | $1,021,000 |
| FHA-insured (Federal Housing Administration) | 72 | $27,829,000 | $386,000 | $754,000 | $81,000 | $181,000 |
| VA-guaranteed (Veterans Administration) | 56 | $22,553,000 | $402,000 | $656,000 | $67,000 | $179,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 20 | $5,312,000 | $265,000 | $399,000 | $56,000 | $105,000 |
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 | 200 | $73,275,000 | $366,000 | $3,120,000 | $106,000 | $1,021,000 |
| Application Withdrawn By Applicant | 65 | $25,325,000 | $389,000 | $720,000 | $115,000 | $732,000 |
| Application Denied By Financial Institution | 57 | $22,911,000 | $401,000 | $2,093,000 | $119,000 | $656,000 |
| Application Approved But Not Accepted | 1 | $200,000 | $200,000 | $200,000 | $94,000 | $94,000 |
| Preapproval Denied by Financial Institution | 1 | $280,000 | $280,000 | $280,000 | $244,000 | $244,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 24 | $10,991,000 | $457,000 | $2,093,000 | $161,000 | $656,000 |
| Debt-To-Income Ratio | 15 | $4,972,000 | $331,000 | $605,000 | $81,000 | $333,000 |
| Other | 11 | $4,301,000 | $391,000 | $626,000 | $93,000 | $239,000 |
| Unverifiable Information | 6 | $2,035,000 | $339,000 | $557,000 | $86,000 | $102,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $892,000 | $446,000 | $541,000 | $204,000 | $305,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Western Paradise Financial'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 Western Paradise Financial'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 Hawaii, download the full spreadsheet
with aggregated HMDA statistics today.
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