F&A Federal Credit Union Mortgage Lending & HMDA Data, 2008
In 2008, F&A Federal Credit Union of Monterey Park, CA reported 611 mortgage applications totaling $94.2 million, down 32% from 2007. The average application was for $154,111, and applicants reported an average income of $123,769. 60% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (334), Riverside-San Bernardino-Ontario, CA (122) and Santa Ana-Anaheim-Irvine, CA (80) (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 | 611 |
| Total Mortgage Loan Application Amount | $94,162,000 |
| Average Mortgage Loan Application Amount | $154,111 |
| Highest Mortgage Loan Application Amount | $646,000 |
| Average Applicant Income | $123,769 |
| Highest Applicant Income | $771,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 334 | $ 52,709,000 | $ 157,811 | $ 119,000 |
| Riverside-San Bernardino-Ontario, CA | 122 | $ 16,821,000 | $ 137,877 | $ 126,000 |
| Santa Ana-Anaheim-Irvine, CA | 80 | $ 13,947,000 | $ 174,337 | $ 140,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 24 | $ 3,557,000 | $ 148,208 | $ 157,000 |
| San Diego-Carlsbad-San Marcos, CA | 14 | $ 1,831,000 | $ 130,785 | $ 111,000 |
| San Luis Obispo-Paso Robles, CA | 9 | $ 1,591,000 | $ 176,777 | $ 95,000 |
| Bakersfield, CA | 3 | $ 361,000 | $ 120,333 | $ 121,000 |
| Las Vegas-Paradise, NV | 3 | $ 275,000 | $ 91,666 | $ 51,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 3 | $ 747,000 | $ 249,000 | $ 163,000 |
| Lake Havasu City-Kingman, AZ | 2 | $ 253,000 | $ 126,500 | $ 72,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 195,000 | $ 97,500 | $ 254,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 250,000 | $ 125,000 | $ 111,000 |
| Redding, CA | 2 | $ 225,000 | $ 112,500 | $ 68,000 |
| Visalia-Porterville, CA | 2 | $ 75,000 | $ 37,500 | $ 98,000 |
| Corvallis, OR | 1 | $ 65,000 | $ 65,000 | $ 50,000 |
| Eugene-Springfield, OR | 1 | $ 100,000 | $ 100,000 | $ 132,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 50,000 | $ 50,000 | $ 73,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 290,000 | $ 290,000 | $ 126,000 |
| Vallejo-Fairfield, CA | 1 | $ 188,000 | $ 188,000 | $ 77,000 |
| Yuba City, CA | 1 | $ 75,000 | $ 75,000 | $ 11,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2008
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 | 304 | $52,488,000 | $172,000 | $646,000 | $120,000 | $771,000 |
| Home Improvement | 290 | $37,033,000 | $127,000 | $500,000 | $128,000 | $328,000 |
| Home Purchase | 17 | $4,641,000 | $273,000 | $632,000 | $119,000 | $277,000 |
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 | 362 | $56,556,000 | $156,000 | $632,000 | $130,000 | $334,000 |
| Hispanic | 205 | $28,592,000 | $139,000 | $530,000 | $113,000 | $771,000 |
| Asian | 24 | $5,778,000 | $240,000 | $646,000 | $132,000 | $235,000 |
| Black or African American | 14 | $2,755,000 | $196,000 | $417,000 | $98,000 | $300,000 |
| American Indian or Alaskan Native | 5 | $406,000 | $81,000 | $188,000 | $154,000 | $214,000 |
| Not Provided | 1 | $75,000 | $75,000 | $75,000 | $11,000 | $11,000 |
| 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) | 611 | $94,162,000 | $154,000 | $646,000 | $124,000 | $771,000 |
| 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 | 368 | $52,054,000 | $141,000 | $632,000 | $131,000 | $328,000 |
| Application Denied By Financial Institution | 185 | $32,211,000 | $174,000 | $646,000 | $114,000 | $771,000 |
| Application Withdrawn By Applicant | 58 | $9,897,000 | $170,000 | $430,000 | $109,000 | $329,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 87 | $14,817,000 | $170,000 | $646,000 | $130,000 | $771,000 |
| Debt-To-Income Ratio | 43 | $7,342,000 | $170,000 | $500,000 | $82,000 | $233,000 |
| Other | 28 | $5,214,000 | $186,000 | $543,000 | $117,000 | $334,000 |
| Credit Application Incomplete | 17 | $2,709,000 | $159,000 | $480,000 | $125,000 | $252,000 |
| Credit History | 8 | $1,939,000 | $242,000 | $530,000 | $81,000 | $125,000 |
| Unverifiable Information | 2 | $190,000 | $95,000 | $150,000 | $121,000 | $180,000 |
| 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 2008 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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