F&A Federal Credit Union Mortgage Lending & HMDA Data, 2004
In 2004, F&A Federal Credit Union of Monterey Park, CA reported 1,689 mortgage applications totaling $196.2 million, up 63% from 2003. The average application was for $116,182, and applicants reported an average income of $82,022. 88% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (775), Riverside-San Bernardino-Ontario, CA (424) and Santa Ana-Anaheim-Irvine, CA (307) (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 | 1,689 |
| Total Mortgage Loan Application Amount | $196,233,000 |
| Average Mortgage Loan Application Amount | $116,182 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $82,022 |
| Highest Applicant Income | $375,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles-Long Beach-Glendale, CA | 775 | $ 82,957,000 | $ 107,041 | $ 84,000 |
| Riverside-San Bernardino-Ontario, CA | 424 | $ 44,197,000 | $ 104,238 | $ 90,000 |
| Santa Ana-Anaheim-Irvine, CA | 307 | $ 46,654,000 | $ 151,967 | $ 88,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 79 | $ 11,004,000 | $ 139,291 | $ 91,000 |
| San Diego-Carlsbad-San Marcos, CA | 27 | $ 3,441,000 | $ 127,444 | $ 67,000 |
| Bakersfield, CA | 17 | $ 1,381,000 | $ 81,235 | $ 56,000 |
| San Luis Obispo-Paso Robles, CA | 8 | $ 744,000 | $ 93,000 | $ 56,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 7 | $ 597,000 | $ 85,285 | $ 85,000 |
| Oakland-Fremont-Hayward, CA | 5 | $ 432,000 | $ 86,400 | $ 79,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 5 | $ 451,000 | $ 90,200 | $ 104,000 |
| Visalia-Porterville, CA | 5 | $ 265,000 | $ 53,000 | $ 79,000 |
| Redding, CA | 4 | $ 455,000 | $ 113,750 | $ 64,000 |
| Chico, CA | 2 | $ 280,000 | $ 140,000 | $ 33,000 |
| Fresno, CA | 2 | $ 78,000 | $ 39,000 | $ 61,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 60,000 | $ 60,000 | $ 82,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 240,000 | $ 240,000 | $ 178,000 |
| Stockton, CA | 1 | $ 99,000 | $ 99,000 | $ 74,000 |
| Vallejo-Fairfield, CA | 1 | $ 15,000 | $ 15,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2004
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 | 1,608 | $179,768,000 | $111,000 | $500,000 | $82,000 | $375,000 |
| Refinancing | 79 | $16,140,000 | $204,000 | $650,000 | $82,000 | $200,000 |
| Home Purchase | 2 | $325,000 | $162,000 | $250,000 | $101,000 | $202,000 |
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 | 708 | $90,529,000 | $127,000 | $650,000 | $82,000 | $375,000 |
| Not Provided | 443 | $53,876,000 | $121,000 | $590,000 | $77,000 | $358,000 |
| Hispanic | 406 | $37,601,000 | $92,000 | $375,000 | $79,000 | $230,000 |
| Asian | 80 | $8,830,000 | $110,000 | $500,000 | $88,000 | $202,000 |
| Black or African American | 43 | $4,252,000 | $98,000 | $370,000 | $108,000 | $243,000 |
| American Indian or Alaskan Native | 8 | $1,080,000 | $135,000 | $500,000 | $106,000 | $159,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $65,000 | $65,000 | $65,000 | $58,000 | $58,000 |
| 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) | 1,689 | $196,233,000 | $116,000 | $650,000 | $82,000 | $375,000 |
| 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 | 1,478 | $170,949,000 | $115,000 | $650,000 | $98,000 | $358,000 |
| Application Denied By Financial Institution | 133 | $16,301,000 | $122,000 | $590,000 | $73,000 | $219,000 |
| Application Withdrawn By Applicant | 78 | $8,983,000 | $115,000 | $500,000 | $62,000 | $375,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 35 | $4,266,000 | $121,000 | $400,000 | $74,000 | $219,000 |
| Collateral | 32 | $3,761,000 | $117,000 | $500,000 | $62,000 | $178,000 |
| Debt-To-Income Ratio | 24 | $3,781,000 | $157,000 | $590,000 | $72,000 | $178,000 |
| Credit History | 18 | $2,428,000 | $134,000 | $375,000 | $91,000 | $215,000 |
| Other | 12 | $1,178,000 | $98,000 | $247,000 | $101,000 | $184,000 |
| Unverifiable Information | 11 | $826,000 | $75,000 | $225,000 | $49,000 | $123,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $61,000 | $61,000 | $61,000 | $31,000 | $31,000 |
| Mortgage Insurance Denied | 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 2004 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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