F&A Federal Credit Union Mortgage Lending & HMDA Data, 2015
In 2015, F&A Federal Credit Union of Monterey Park, CA reported 563 mortgage applications totaling $73.8 million, up 41% from 2014. The average application was for $131,072, and applicants reported an average income of $129,284. 73% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (304), Riverside-San Bernardino-Ontario, CA (122) and Anaheim-Santa Ana-Irvine, CA (69) (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 | 563 |
| Total Mortgage Loan Application Amount | $73,794,000 |
| Average Mortgage Loan Application Amount | $131,072 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $129,284 |
| Highest Applicant Income | $399,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 304 | $ 40,500,000 | $ 133,223 | $ 124,000 |
| Riverside-San Bernardino-Ontario, CA | 122 | $ 13,714,000 | $ 112,409 | $ 127,000 |
| Anaheim-Santa Ana-Irvine, CA | 69 | $ 11,747,000 | $ 170,246 | $ 150,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 21 | $ 2,590,000 | $ 123,333 | $ 170,000 |
| San Diego-Carlsbad, CA | 9 | $ 942,000 | $ 104,666 | $ 139,000 |
| Bakersfield, CA | 6 | $ 404,000 | $ 67,333 | $ 98,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 4 | $ 566,000 | $ 141,500 | $ 135,000 |
| Santa Maria-Santa Barbara, CA | 4 | $ 750,000 | $ 187,500 | $ 174,000 |
| Oakland-Hayward-Berkeley, CA | 3 | $ 480,000 | $ 160,000 | $ 137,000 |
| Prescott, AZ | 3 | $ 295,000 | $ 98,333 | $ 77,000 |
| Lake Havasu City-Kingman, AZ | 2 | $ 199,000 | $ 99,500 | $ 103,000 |
| Medford, OR | 2 | $ 300,000 | $ 150,000 | $ 104,000 |
| Redding, CA | 2 | $ 178,000 | $ 89,000 | $ 58,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 359,000 | $ 179,500 | $ 128,000 |
| Santa Rosa, CA | 2 | $ 140,000 | $ 70,000 | $ 225,000 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 60,000 | $ 60,000 | $ 47,000 |
| Reno, NV | 1 | $ 100,000 | $ 100,000 | $ 137,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 140,000 | $ 140,000 | $ 128,000 |
| Tucson, AZ | 1 | $ 94,000 | $ 94,000 | $ 136,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2015
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 | 280 | $46,528,000 | $166,000 | $650,000 | $121,000 | $399,000 |
| Home Improvement | 273 | $24,394,000 | $89,000 | $417,000 | $139,000 | $361,000 |
| Home Purchase | 10 | $2,872,000 | $287,000 | $626,000 | $96,000 | $194,000 |
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 | 302 | $40,018,000 | $132,000 | $626,000 | $144,000 | $399,000 |
| Hispanic | 195 | $22,121,000 | $113,000 | $650,000 | $107,000 | $290,000 |
| Asian | 28 | $3,627,000 | $129,000 | $350,000 | $122,000 | $222,000 |
| Black or African American | 17 | $2,913,000 | $171,000 | $417,000 | $135,000 | $261,000 |
| Not Provided | 15 | $4,182,000 | $278,000 | $595,000 | $117,000 | $301,000 |
| American Indian or Alaskan Native | 3 | $562,000 | $187,000 | $417,000 | $258,000 | $363,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $371,000 | $123,000 | $141,000 | $122,000 | $181,000 |
| 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) | 563 | $73,794,000 | $131,000 | $650,000 | $129,000 | $399,000 |
| 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 | 410 | $46,450,000 | $113,000 | $522,000 | $138,000 | $399,000 |
| Application Withdrawn By Applicant | 82 | $15,253,000 | $186,000 | $608,000 | $114,000 | $363,000 |
| Application Denied By Financial Institution | 71 | $12,091,000 | $170,000 | $650,000 | $96,000 | $253,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 28 | $2,632,000 | $94,000 | $331,000 | $78,000 | $203,000 |
| Collateral | 15 | $3,821,000 | $254,000 | $626,000 | $119,000 | $208,000 |
| Credit Application Incomplete | 14 | $1,985,000 | $141,000 | $390,000 | $98,000 | $153,000 |
| Credit History | 8 | $2,512,000 | $314,000 | $650,000 | $122,000 | $253,000 |
| Other | 6 | $1,141,000 | $190,000 | $380,000 | $88,000 | $136,000 |
| Unverifiable Information | 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 2015 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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