F&A Federal Credit Union Mortgage Lending & HMDA Data, 2023
In 2023, F&A Federal Credit Union of Monterey Park, CA reported 732 mortgage applications totaling $173.0 million, down 32% from 2022. The average application was for $236,297, and applicants reported an average income of $186,202. 73% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (318), Riverside-San Bernardino-Ontario, CA (152) and Anaheim-Santa Ana-Irvine, CA (113) (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 | 732 |
| Total Mortgage Loan Application Amount | $172,970,000 |
| Average Mortgage Loan Application Amount | $236,297 |
| Highest Mortgage Loan Application Amount | $1,805,000 |
| Average Applicant Income | $186,202 |
| Highest Applicant Income | $1,441,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 318 | $ 69,680,000 | $ 219,119 | $ 178,000 |
| Orange, California | 113 | $ 31,815,000 | $ 281,548 | $ 221,000 |
| San Bernardino, California | 85 | $ 13,255,000 | $ 155,941 | $ 170,000 |
| Riverside, California | 67 | $ 14,295,000 | $ 213,358 | $ 184,000 |
| Ventura, California | 25 | $ 4,745,000 | $ 189,800 | $ 175,000 |
| San Diego, California | 15 | $ 3,695,000 | $ 246,333 | $ 210,000 |
| Mohave, Arizona | 10 | $ 2,530,000 | $ 253,000 | $ 174,000 |
| Clark, Nevada | 9 | $ 2,465,000 | $ 273,888 | $ 178,000 |
| Maricopa, Arizona | 8 | $ 2,730,000 | $ 341,250 | $ 137,000 |
| Kern, California | 6 | $ 950,000 | $ 158,333 | $ 124,000 |
| San Luis Obispo, California | 6 | $ 1,610,000 | $ 268,333 | $ 205,000 |
| Yavapai, Arizona | 5 | $ 835,000 | $ 167,000 | $ 154,000 |
| Santa Barbara, California | 5 | $ 1,905,000 | $ 381,000 | $ 221,000 |
| Benton, Arkansas | 3 | $ 1,295,000 | $ 431,666 | $ 109,000 |
| El Dorado, California | 3 | $ 275,000 | $ 91,666 | $ 217,000 |
| Mono, California | 3 | $ 415,000 | $ 138,333 | $ 394,000 |
| Ada, Idaho | 3 | $ 705,000 | $ 235,000 | $ 120,000 |
| Pima, Arizona | 2 | $ 260,000 | $ 130,000 | $ 85,000 |
| Washoe, Nevada | 2 | $ 890,000 | $ 445,000 | $ 268,000 |
| Wake, North Carolina | 2 | $ 720,000 | $ 360,000 | $ 185,000 |
| Washington, Oregon | 2 | $ 630,000 | $ 315,000 | $ 85,000 |
| Bexar, Texas | 2 | $ 630,000 | $ 315,000 | $ 77,000 |
| Snohomish, Washington | 2 | $ 560,000 | $ 280,000 | $ 155,000 |
| Mobile, Alabama | 1 | $ 95,000 | $ 95,000 | $ 81,000 |
| La Paz, Arizona | 1 | $ 75,000 | $ 75,000 | $ 79,000 |
| Butte, California | 1 | $ 65,000 | $ 65,000 | $ 130,000 |
| Inyo, California | 1 | $ 405,000 | $ 405,000 | $ 118,000 |
| Madera, California | 1 | $ 55,000 | $ 55,000 | $ 34,000 |
| Monterey, California | 1 | $ 255,000 | $ 255,000 | $ 0 |
| Sacramento, California | 1 | $ 115,000 | $ 115,000 | $ 208,000 |
| Shasta, California | 1 | $ 105,000 | $ 105,000 | $ 118,000 |
| Douglas, Colorado | 1 | $ 505,000 | $ 505,000 | $ 299,000 |
| Broward, Florida | 1 | $ 735,000 | $ 735,000 | $ 329,000 |
| Marion, Florida | 1 | $ 655,000 | $ 655,000 | $ 499,000 |
| Orange, Florida | 1 | $ 165,000 | $ 165,000 | $ 133,000 |
| Sumter, Florida | 1 | $ 175,000 | $ 175,000 | $ 133,000 |
| Maui, Hawaii | 1 | $ 555,000 | $ 555,000 | $ 490,000 |
| Blaine, Idaho | 1 | $ 565,000 | $ 565,000 | $ 139,000 |
| Kootenai, Idaho | 1 | $ 525,000 | $ 525,000 | $ 128,000 |
| Cook, Illinois | 1 | $ 355,000 | $ 355,000 | $ 141,000 |
| Kosciusko, Indiana | 1 | $ 365,000 | $ 365,000 | $ 98,000 |
| Jefferson, Kentucky | 1 | $ 245,000 | $ 245,000 | $ 398,000 |
| Kenton, Kentucky | 1 | $ 105,000 | $ 105,000 | $ 151,000 |
| Oxford, Maine | 1 | $ 995,000 | $ 995,000 | $ 642,000 |
| Bristol, Massachusetts | 1 | $ 1,005,000 | $ 1,005,000 | $ 313,000 |
| Plymouth, Massachusetts | 1 | $ 175,000 | $ 175,000 | $ 70,000 |
| Washtenaw, Michigan | 1 | $ 495,000 | $ 495,000 | $ 209,000 |
| Flathead, Montana | 1 | $ 405,000 | $ 405,000 | $ 366,000 |
| Gallatin, Montana | 1 | $ 625,000 | $ 625,000 | $ 250,000 |
| Hillsborough, New Hampshire | 1 | $ 605,000 | $ 605,000 | $ 458,000 |
| Monmouth, New Jersey | 1 | $ 1,315,000 | $ 1,315,000 | $ 583,000 |
| Dare, North Carolina | 1 | $ 995,000 | $ 995,000 | $ 626,000 |
| Summit, Ohio | 1 | $ 155,000 | $ 155,000 | $ 55,000 |
| Kay, Oklahoma | 1 | $ 65,000 | $ 65,000 | $ 68,000 |
| Cameron, Texas | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Tarrant, Texas | 1 | $ 125,000 | $ 125,000 | $ 56,000 |
| Travis, Texas | 1 | $ 435,000 | $ 435,000 | $ 145,000 |
| Washington, Utah | 1 | $ 675,000 | $ 675,000 | $ 211,000 |
| Milwaukee, Wisconsin | 1 | $ 1,805,000 | $ 1,805,000 | $ 1,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2023
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 373 | $63,565,000 | $170,000 | $1,085,000 | $175,000 | $562,000 |
| Other Purpose | 161 | $28,395,000 | $176,000 | $505,000 | $198,000 | $1,441,000 |
| Home Purchase | 131 | $67,395,000 | $514,000 | $1,805,000 | $214,000 | $908,000 |
| Refinancing | 65 | $12,845,000 | $197,000 | $1,605,000 | $161,000 | $440,000 |
| Home Improvement | 2 | $770,000 | $385,000 | $465,000 | $324,000 | $354,000 |
| 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 | 287 | $65,925,000 | $229,000 | $1,295,000 | $207,000 | $908,000 |
| Hispanic | 206 | $41,720,000 | $202,000 | $1,805,000 | $150,000 | $462,000 |
| Not Provided | 173 | $47,815,000 | $276,000 | $1,605,000 | $202,000 | $1,441,000 |
| Asian | 22 | $8,400,000 | $381,000 | $1,315,000 | $223,000 | $583,000 |
| Black or African American | 12 | $2,560,000 | $213,000 | $1,175,000 | $143,000 | $400,000 |
| American Indian or Alaskan Native | 6 | $1,180,000 | $196,000 | $535,000 | $102,000 | $140,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $605,000 | $201,000 | $255,000 | $279,000 | $398,000 |
| 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) | 732 | $172,970,000 | $236,000 | $1,805,000 | $186,000 | $1,441,000 |
| 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 | 538 | $127,260,000 | $236,000 | $1,605,000 | $193,000 | $908,000 |
| Application Withdrawn By Applicant | 103 | $21,505,000 | $208,000 | $1,315,000 | $178,000 | $1,441,000 |
| Application Approved But Not Accepted | 57 | $18,765,000 | $329,000 | $1,805,000 | $175,000 | $777,000 |
| Application Denied By Financial Institution | 34 | $5,440,000 | $160,000 | $615,000 | $119,000 | $354,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 698 | $167,530,000 | $240,000 | $1,805,000 | $189,000 | $1,441,000 |
| Debt-To-Income Ratio | 21 | $3,825,000 | $182,000 | $615,000 | $107,000 | $354,000 |
| Collateral | 6 | $830,000 | $138,000 | $505,000 | $170,000 | $199,000 |
| Credit History | 4 | $600,000 | $150,000 | $465,000 | $125,000 | $198,000 |
| Other | 1 | $85,000 | $85,000 | $85,000 | $0 | $0 |
| Unverifiable Information | 1 | $65,000 | $65,000 | $65,000 | $114,000 | $114,000 |
| Employment History | 1 | $35,000 | $35,000 | $35,000 | $22,000 | $22,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&A Federal Credit Union's 2023 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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