F&A Federal Credit Union Mortgage Lending & HMDA Data, 2020
In 2020, F&A Federal Credit Union of Monterey Park, CA reported 1,042 mortgage applications totaling $305.5 million, up 55% from 2019. The average application was for $293,176, and applicants reported an average income of $376,261. 60% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (498), Riverside-San Bernardino-Ontario, CA (196) and Anaheim-Santa Ana-Irvine, CA (169) (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 | 1,042 |
| Total Mortgage Loan Application Amount | $305,490,000 |
| Average Mortgage Loan Application Amount | $293,176 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $376,261 |
| Highest Applicant Income | $9,607,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 498 | $ 143,030,000 | $ 287,208 | $ 303,000 |
| Orange, California | 169 | $ 62,265,000 | $ 368,431 | $ 351,000 |
| San Bernardino, California | 103 | $ 25,505,000 | $ 247,621 | $ 250,000 |
| Riverside, California | 93 | $ 24,645,000 | $ 265,000 | $ 162,000 |
| Ventura, California | 41 | $ 13,545,000 | $ 330,365 | $ 362,000 |
| San Diego, California | 21 | $ 7,475,000 | $ 355,952 | $ 1,012,000 |
| Kern, California | 11 | $ 1,895,000 | $ 172,272 | $ 212,000 |
| Clark, Nevada | 6 | $ 1,540,000 | $ 256,666 | $ 239,000 |
| Mohave, Arizona | 5 | $ 715,000 | $ 143,000 | $ 0 |
| San Luis Obispo, California | 4 | $ 2,270,000 | $ 567,500 | $ 138,000 |
| Contra Costa, California | 3 | $ 785,000 | $ 261,666 | $ 103,000 |
| Fresno, California | 3 | $ 565,000 | $ 188,333 | $ 119,000 |
| Santa Barbara, California | 3 | $ 1,315,000 | $ 438,333 | $ 92,000 |
| El Dorado, California | 2 | $ 810,000 | $ 405,000 | $ 60,000 |
| Monterey, California | 2 | $ 620,000 | $ 310,000 | $ 192,000 |
| Sacramento, California | 2 | $ 1,000,000 | $ 500,000 | $ 0 |
| Sutter, California | 2 | $ 480,000 | $ 240,000 | $ 148,000 |
| Maricopa, Arizona | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Alameda, California | 1 | $ 105,000 | $ 105,000 | $ 57,000 |
| Madera, California | 1 | $ 285,000 | $ 285,000 | $ 0 |
| Mono, California | 1 | $ 335,000 | $ 335,000 | $ 0 |
| Nevada, California | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Placer, California | 1 | $ 235,000 | $ 235,000 | $ 0 |
| San Mateo, California | 1 | $ 505,000 | $ 505,000 | $ 0 |
| Siskiyou, California | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Stanislaus, California | 1 | $ 25,000 | $ 25,000 | $ 133,000 |
| Tuolumne, California | 1 | $ 105,000 | $ 105,000 | $ 197,000 |
| Davidson, North Carolina | 1 | $ 205,000 | $ 205,000 | $ 0 |
| Washington, Utah | 1 | $ 345,000 | $ 345,000 | $ 0 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2020
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 | 731 | $258,445,000 | $353,000 | $1,505,000 | $472,000 | $9,607,000 |
| Home Improvement | 180 | $24,070,000 | $133,000 | $625,000 | $154,000 | $392,000 |
| Other Purpose | 101 | $12,845,000 | $127,000 | $705,000 | $149,000 | $526,000 |
| Cash-out Refinancing | 23 | $7,205,000 | $313,000 | $595,000 | $151,000 | $316,000 |
| Home Purchase | 7 | $2,925,000 | $417,000 | $705,000 | $113,000 | $156,000 |
| 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 | 565 | $162,355,000 | $287,000 | $1,415,000 | $259,000 | $9,500,000 |
| Hispanic | 335 | $97,025,000 | $289,000 | $1,235,000 | $387,000 | $9,607,000 |
| Not Provided | 56 | $14,880,000 | $265,000 | $705,000 | $114,000 | $249,000 |
| Asian | 51 | $18,965,000 | $371,000 | $1,295,000 | $355,000 | $5,419,000 |
| Black or African American | 20 | $6,620,000 | $331,000 | $1,055,000 | $759,000 | $7,404,000 |
| American Indian or Alaskan Native | 4 | $1,040,000 | $260,000 | $705,000 | $146,000 | $240,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $65,000 | $65,000 | $65,000 | $77,000 | $77,000 |
| 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) | 1,042 | $305,490,000 | $293,000 | $1,505,000 | $308,000 | $9,607,000 |
| 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 | 629 | $200,735,000 | $319,000 | $1,505,000 | $264,000 | $9,607,000 |
| Application Withdrawn By Applicant | 299 | $78,205,000 | $261,000 | $1,055,000 | $410,000 | $9,500,000 |
| Application Approved But Not Accepted | 57 | $17,415,000 | $305,000 | $995,000 | $155,000 | $348,000 |
| Application Denied By Financial Institution | 56 | $8,890,000 | $158,000 | $525,000 | $286,000 | $8,136,000 |
| File Closed For Incompleteness | 1 | $245,000 | $245,000 | $245,000 | $62,000 | $62,000 |
| 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 | 986 | $296,600,000 | $300,000 | $1,505,000 | $310,000 | $9,607,000 |
| Debt-To-Income Ratio | 21 | $3,955,000 | $188,000 | $525,000 | $90,000 | $306,000 |
| Other | 14 | $1,820,000 | $130,000 | $505,000 | $132,000 | $230,000 |
| Collateral | 9 | $965,000 | $107,000 | $505,000 | $152,000 | $300,000 |
| Credit History | 9 | $1,925,000 | $213,000 | $485,000 | $82,000 | $180,000 |
| Unverifiable Information | 3 | $225,000 | $75,000 | $105,000 | $2,726,000 | $8,136,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&A Federal Credit Union's 2020 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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