F&A Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, F&A Federal Credit Union of Monterey Park, CA reported 645 mortgage applications totaling $188.1 million, down 12% from 2023. The average application was for $291,604, and applicants reported an average income of $202,503. 77% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (262), Riverside-San Bernardino-Ontario, CA (129) and Anaheim-Santa Ana-Irvine, CA (110) (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 | 645 |
| Total Mortgage Loan Application Amount | $188,085,000 |
| Average Mortgage Loan Application Amount | $291,604 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $202,503 |
| Highest Applicant Income | $942,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 262 | $ 71,940,000 | $ 274,580 | $ 186,000 |
| Orange, California | 110 | $ 37,960,000 | $ 345,090 | $ 243,000 |
| San Bernardino, California | 71 | $ 19,505,000 | $ 274,718 | $ 199,000 |
| Riverside, California | 58 | $ 12,050,000 | $ 207,758 | $ 208,000 |
| Ventura, California | 27 | $ 11,305,000 | $ 418,703 | $ 222,000 |
| San Diego, California | 19 | $ 6,755,000 | $ 355,526 | $ 204,000 |
| Mohave, Arizona | 10 | $ 2,530,000 | $ 253,000 | $ 248,000 |
| Maricopa, Arizona | 7 | $ 1,555,000 | $ 222,142 | $ 184,000 |
| Clark, Nevada | 7 | $ 1,695,000 | $ 242,142 | $ 99,000 |
| Sacramento, California | 5 | $ 1,305,000 | $ 261,000 | $ 182,000 |
| San Luis Obispo, California | 3 | $ 1,755,000 | $ 585,000 | $ 230,000 |
| Pinal, Arizona | 2 | $ 380,000 | $ 190,000 | $ 103,000 |
| Fresno, California | 2 | $ 160,000 | $ 80,000 | $ 110,000 |
| Kern, California | 2 | $ 400,000 | $ 200,000 | $ 138,000 |
| Monterey, California | 2 | $ 900,000 | $ 450,000 | $ 540,000 |
| Santa Barbara, California | 2 | $ 590,000 | $ 295,000 | $ 260,000 |
| Ouray, Colorado | 2 | $ 410,000 | $ 205,000 | $ 160,000 |
| Ada, Idaho | 2 | $ 90,000 | $ 45,000 | $ 69,000 |
| Kootenai, Idaho | 2 | $ 510,000 | $ 255,000 | $ 169,000 |
| Lyon, Nevada | 2 | $ 970,000 | $ 485,000 | $ 248,000 |
| Cleveland, Oklahoma | 2 | $ 330,000 | $ 165,000 | $ 228,000 |
| Yavapai, Arizona | 1 | $ 55,000 | $ 55,000 | $ 66,000 |
| Benton, Arkansas | 1 | $ 65,000 | $ 65,000 | $ 227,000 |
| Washington, Arkansas | 1 | $ 165,000 | $ 165,000 | $ 185,000 |
| Butte, California | 1 | $ 55,000 | $ 55,000 | $ 102,000 |
| El Dorado, California | 1 | $ 425,000 | $ 425,000 | $ 187,000 |
| Humboldt, California | 1 | $ 345,000 | $ 345,000 | $ 151,000 |
| Madera, California | 1 | $ 105,000 | $ 105,000 | $ 406,000 |
| Mono, California | 1 | $ 305,000 | $ 305,000 | $ 616,000 |
| Nevada, California | 1 | $ 435,000 | $ 435,000 | $ 287,000 |
| Santa Clara, California | 1 | $ 995,000 | $ 995,000 | $ 352,000 |
| Shasta, California | 1 | $ 205,000 | $ 205,000 | $ 123,000 |
| Sonoma, California | 1 | $ 545,000 | $ 545,000 | $ 129,000 |
| Custer, Colorado | 1 | $ 385,000 | $ 385,000 | $ 155,000 |
| Douglas, Colorado | 1 | $ 625,000 | $ 625,000 | $ 266,000 |
| El Paso, Colorado | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Manatee, Florida | 1 | $ 125,000 | $ 125,000 | $ 195,000 |
| Pinellas, Florida | 1 | $ 745,000 | $ 745,000 | $ 152,000 |
| Polk, Florida | 1 | $ 315,000 | $ 315,000 | $ 170,000 |
| Honolulu, Hawaii | 1 | $ 305,000 | $ 305,000 | $ 201,000 |
| Bonner, Idaho | 1 | $ 205,000 | $ 205,000 | $ 202,000 |
| Vigo, Indiana | 1 | $ 65,000 | $ 65,000 | $ 294,000 |
| Norfolk, Massachusetts | 1 | $ 445,000 | $ 445,000 | $ 180,000 |
| Plymouth, Massachusetts | 1 | $ 225,000 | $ 225,000 | $ 111,000 |
| Dakota, Minnesota | 1 | $ 95,000 | $ 95,000 | $ 124,000 |
| Yellowstone, Montana | 1 | $ 335,000 | $ 335,000 | $ 89,000 |
| Douglas, Nevada | 1 | $ 105,000 | $ 105,000 | $ 203,000 |
| Washoe, Nevada | 1 | $ 405,000 | $ 405,000 | $ 83,000 |
| Wake, North Carolina | 1 | $ 75,000 | $ 75,000 | $ 142,000 |
| Cuyahoga, Ohio | 1 | $ 135,000 | $ 135,000 | $ 210,000 |
| Delaware, Ohio | 1 | $ 555,000 | $ 555,000 | $ 487,000 |
| Kay, Oklahoma | 1 | $ 115,000 | $ 115,000 | $ 69,000 |
| Curry, Oregon | 1 | $ 235,000 | $ 235,000 | $ 215,000 |
| Hamilton, Tennessee | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Bastrop, Texas | 1 | $ 235,000 | $ 235,000 | $ 49,000 |
| Kaufman, Texas | 1 | $ 185,000 | $ 185,000 | $ 53,000 |
| Travis, Texas | 1 | $ 435,000 | $ 435,000 | $ 145,000 |
| Williamson, Texas | 1 | $ 275,000 | $ 275,000 | $ 165,000 |
| Box Elder, Utah | 1 | $ 395,000 | $ 395,000 | $ 116,000 |
| Kane, Utah | 1 | $ 205,000 | $ 205,000 | $ 97,000 |
| Utah, Utah | 1 | $ 495,000 | $ 495,000 | $ 217,000 |
| Pend Oreille, Washington | 1 | $ 1,035,000 | $ 1,035,000 | $ 399,000 |
| Skamania, Washington | 1 | $ 495,000 | $ 495,000 | $ 187,000 |
| Park, Wyoming | 1 | $ 35,000 | $ 35,000 | $ 4,000 |
| Sheridan, Wyoming | 1 | $ 455,000 | $ 455,000 | $ 256,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2024
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 | 322 | $62,280,000 | $193,000 | $1,295,000 | $189,000 | $942,000 |
| Home Purchase | 138 | $77,980,000 | $565,000 | $1,425,000 | $246,000 | $876,000 |
| Refinancing | 98 | $33,410,000 | $340,000 | $1,505,000 | $200,000 | $727,000 |
| Other Purpose | 86 | $14,110,000 | $164,000 | $505,000 | $186,000 | $411,000 |
| Home Improvement | 1 | $305,000 | $305,000 | $305,000 | $213,000 | $213,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 247 | $63,615,000 | $257,000 | $1,425,000 | $181,000 | $876,000 |
| White | 215 | $63,115,000 | $293,000 | $1,505,000 | $212,000 | $942,000 |
| Not Provided | 132 | $47,810,000 | $362,000 | $1,335,000 | $234,000 | $688,000 |
| Asian | 34 | $9,900,000 | $291,000 | $1,075,000 | $179,000 | $794,000 |
| Black or African American | 14 | $2,440,000 | $174,000 | $495,000 | $166,000 | $309,000 |
| American Indian or Alaskan Native | 3 | $1,205,000 | $401,000 | $735,000 | $222,000 | $294,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 645 | $188,085,000 | $291,000 | $1,505,000 | $202,000 | $942,000 |
| 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 | 496 | $150,730,000 | $303,000 | $1,425,000 | $210,000 | $942,000 |
| Application Withdrawn By Applicant | 81 | $23,145,000 | $285,000 | $1,505,000 | $153,000 | $444,000 |
| Application Denied By Financial Institution | 35 | $4,785,000 | $136,000 | $405,000 | $143,000 | $380,000 |
| Application Approved But Not Accepted | 33 | $9,425,000 | $285,000 | $995,000 | $204,000 | $540,000 |
| 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 | 610 | $183,300,000 | $300,000 | $1,505,000 | $205,000 | $942,000 |
| Debt-To-Income Ratio | 19 | $2,605,000 | $137,000 | $405,000 | $99,000 | $222,000 |
| Collateral | 11 | $1,175,000 | $106,000 | $305,000 | $218,000 | $380,000 |
| Credit History | 2 | $210,000 | $105,000 | $105,000 | $114,000 | $114,000 |
| Credit Application Incomplete | 1 | $405,000 | $405,000 | $405,000 | $0 | $0 |
| Other | 1 | $305,000 | $305,000 | $305,000 | $0 | $0 |
| Employment History | 1 | $85,000 | $85,000 | $85,000 | $61,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&A Federal Credit Union's 2024 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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