F&A Federal Credit Union Mortgage Lending & HMDA Data, 2018
In 2018, F&A Federal Credit Union of Monterey Park, CA reported 639 mortgage applications totaling $75.0 million, up 27% from 2017. The average application was for $117,363, and applicants reported an average income of $139,893. 74% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (325), Riverside-San Bernardino-Ontario, CA (141) and Anaheim-Santa Ana-Irvine, CA (107) (applications in parentheses).
| Mortgage Company & Address | F&A Federal Credit Union 2625 Corporate Place Monterey Park, CA 91754 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 639 |
| Total Mortgage Loan Application Amount | $74,995,000 |
| Average Mortgage Loan Application Amount | $117,363 |
| Highest Mortgage Loan Application Amount | $595,000 |
| Average Applicant Income | $139,893 |
| Highest Applicant Income | $393,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 325 | $ 39,625,000 | $ 121,923 | $ 136,000 |
| Orange, California | 107 | $ 12,325,000 | $ 115,186 | $ 159,000 |
| San Bernardino, California | 76 | $ 7,290,000 | $ 95,921 | $ 144,000 |
| Riverside, California | 65 | $ 6,985,000 | $ 107,461 | $ 120,000 |
| Ventura, California | 18 | $ 3,030,000 | $ 168,333 | $ 168,000 |
| San Diego, California | 16 | $ 2,190,000 | $ 136,875 | $ 162,000 |
| Kern, California | 4 | $ 220,000 | $ 55,000 | $ 84,000 |
| El Dorado, California | 3 | $ 385,000 | $ 128,333 | $ 218,000 |
| Madera, California | 2 | $ 230,000 | $ 115,000 | $ 93,000 |
| Placer, California | 2 | $ 650,000 | $ 325,000 | $ 0 |
| San Luis Obispo, California | 2 | $ 510,000 | $ 255,000 | $ 253,000 |
| Santa Barbara, California | 2 | $ 80,000 | $ 40,000 | $ 66,000 |
| Santa Clara, California | 2 | $ 260,000 | $ 130,000 | $ 144,000 |
| Coconino, Arizona | 1 | $ 205,000 | $ 205,000 | $ 212,000 |
| Gila, Arizona | 1 | $ 65,000 | $ 65,000 | $ 145,000 |
| Maricopa, Arizona | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Mohave, Arizona | 1 | $ 95,000 | $ 95,000 | $ 130,000 |
| Butte, California | 1 | $ 85,000 | $ 85,000 | $ 109,000 |
| Del Norte, California | 1 | $ 155,000 | $ 155,000 | $ 109,000 |
| Kings, California | 1 | $ 25,000 | $ 25,000 | $ 47,000 |
| Marin, California | 1 | $ 65,000 | $ 65,000 | $ 137,000 |
| Mono, California | 1 | $ 205,000 | $ 205,000 | $ 144,000 |
| Sacramento, California | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Solano, California | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Stanislaus, California | 1 | $ 25,000 | $ 25,000 | $ 74,000 |
| Tulare, California | 1 | $ 35,000 | $ 35,000 | $ 7,000 |
| Douglas, Nevada | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Nye, Nevada | 1 | $ 65,000 | $ 65,000 | $ 72,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2018
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 | 308 | $32,760,000 | $106,000 | $505,000 | $143,000 | $393,000 |
| Cash-out Refinancing | 208 | $23,890,000 | $114,000 | $505,000 | $148,000 | $362,000 |
| Refinancing | 62 | $12,750,000 | $205,000 | $505,000 | $112,000 | $275,000 |
| Other Purpose | 58 | $4,820,000 | $83,000 | $415,000 | $123,000 | $317,000 |
| Home Purchase | 3 | $775,000 | $258,000 | $595,000 | $162,000 | $218,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 360 | $45,000,000 | $125,000 | $595,000 | $146,000 | $387,000 |
| Hispanic | 216 | $21,350,000 | $98,000 | $505,000 | $127,000 | $349,000 |
| Black or African American | 22 | $2,300,000 | $104,000 | $355,000 | $141,000 | $393,000 |
| Asian | 21 | $3,155,000 | $150,000 | $335,000 | $147,000 | $293,000 |
| Not Provided | 4 | $270,000 | $67,000 | $105,000 | $111,000 | $179,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $475,000 | $158,000 | $225,000 | $274,000 | $353,000 |
| American Indian or Alaskan Native | 2 | $300,000 | $150,000 | $155,000 | $107,000 | $140,000 |
| 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) | 639 | $74,995,000 | $117,000 | $595,000 | $140,000 | $393,000 |
| 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 | 471 | $54,385,000 | $115,000 | $505,000 | $148,000 | $393,000 |
| Application Withdrawn By Applicant | 80 | $10,570,000 | $132,000 | $595,000 | $103,000 | $256,000 |
| Application Denied By Financial Institution | 76 | $8,710,000 | $114,000 | $425,000 | $106,000 | $317,000 |
| Application Approved But Not Accepted | 11 | $1,285,000 | $116,000 | $425,000 | $121,000 | $197,000 |
| File Closed For Incompleteness | 1 | $45,000 | $45,000 | $45,000 | $65,000 | $65,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 563 | $66,285,000 | $117,000 | $595,000 | $145,000 | $393,000 |
| Debt-To-Income Ratio | 49 | $5,795,000 | $118,000 | $425,000 | $90,000 | $300,000 |
| Collateral | 13 | $1,185,000 | $91,000 | $225,000 | $155,000 | $317,000 |
| Credit Application Incomplete | 10 | $1,110,000 | $111,000 | $255,000 | $104,000 | $190,000 |
| Credit History | 2 | $280,000 | $140,000 | $255,000 | $186,000 | $288,000 |
| Other | 1 | $265,000 | $265,000 | $265,000 | $148,000 | $148,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $75,000 | $75,000 | $75,000 | $93,000 | $93,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&A Federal Credit Union's 2018 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 F&A Federal 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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