F&A Federal Credit Union Mortgage Lending & HMDA Data, 2021
In 2021, F&A Federal Credit Union of Monterey Park, CA reported 1,348 mortgage applications totaling $421.6 million, up 29% from 2020. The average application was for $312,759, and applicants reported an average income of $165,940. 68% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (643), Riverside-San Bernardino-Ontario, CA (287) and Anaheim-Santa Ana-Irvine, CA (181) (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 | 1,348 |
| Total Mortgage Loan Application Amount | $421,600,000 |
| Average Mortgage Loan Application Amount | $312,759 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $165,940 |
| Highest Applicant Income | $2,454,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 643 | $ 192,185,000 | $ 298,888 | $ 152,000 |
| Riverside-San Bernardino-Ontario, CA | 287 | $ 80,415,000 | $ 280,191 | $ 161,000 |
| Anaheim-Santa Ana-Irvine, CA | 181 | $ 72,925,000 | $ 402,900 | $ 198,000 |
| San Diego-Carlsbad, CA | 37 | $ 14,425,000 | $ 389,864 | $ 229,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 32 | $ 9,200,000 | $ 287,500 | $ 193,000 |
| Outside any metro area | 24 | $ 6,470,000 | $ 269,583 | $ 139,166 |
| Bakersfield, CA | 12 | $ 2,500,000 | $ 208,333 | $ 126,000 |
| Las Vegas-Henderson-Paradise, NV | 11 | $ 2,155,000 | $ 195,909 | $ 132,000 |
| Santa Maria-Santa Barbara, CA | 11 | $ 4,285,000 | $ 389,545 | $ 272,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 10 | $ 3,530,000 | $ 353,000 | $ 201,000 |
| Phoenix-Mesa-Scottsdale, AZ | 9 | $ 2,165,000 | $ 240,555 | $ 132,000 |
| Oakland-Hayward-Berkeley, CA | 8 | $ 5,360,000 | $ 670,000 | $ 238,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 8 | $ 3,950,000 | $ 493,750 | $ 191,000 |
| Santa Cruz-Watsonville, CA | 7 | $ 2,885,000 | $ 412,142 | $ 222,000 |
| Coeur D'Alene, ID | 6 | $ 2,070,000 | $ 345,000 | $ 132,000 |
| Lake Havasu City-Kingman, AZ | 6 | $ 880,000 | $ 146,666 | $ 572,000 |
| Prescott Valley-Prescott, AZ | 5 | $ 1,725,000 | $ 345,000 | $ 127,000 |
| Reno, NV | 5 | $ 2,215,000 | $ 443,000 | $ 177,000 |
| Visalia-Porterville, CA | 3 | $ 495,000 | $ 165,000 | $ 72,000 |
| Austin-Round Rock, TX | 2 | $ 490,000 | $ 245,000 | $ 290,000 |
| Boise City, ID | 2 | $ 530,000 | $ 265,000 | $ 55,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 670,000 | $ 335,000 | $ 73,000 |
| Detroit-Dearborn-Livonia, MI | 2 | $ 160,000 | $ 80,000 | $ 116,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 660,000 | $ 330,000 | $ 161,000 |
| Tacoma-Lakewood, WA | 2 | $ 690,000 | $ 345,000 | $ 184,000 |
| Bend-Redmond, OR | 1 | $ 365,000 | $ 365,000 | $ 125,000 |
| Chico, CA | 1 | $ 205,000 | $ 205,000 | $ 118,000 |
| Cincinnati, OH-KY-IN | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 305,000 | $ 305,000 | $ 149,000 |
| Dallas-Plano-Irving, TX | 1 | $ 255,000 | $ 255,000 | $ 138,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 105,000 | $ 105,000 | $ 136,000 |
| Durham-Chapel Hill, NC | 1 | $ 205,000 | $ 205,000 | $ 108,000 |
| El Paso, TX | 1 | $ 175,000 | $ 175,000 | $ 84,000 |
| Fresno, CA | 1 | $ 55,000 | $ 55,000 | $ 59,000 |
| Gettysburg, PA | 1 | $ 195,000 | $ 195,000 | $ 65,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 255,000 | $ 255,000 | $ 136,000 |
| Medford, OR | 1 | $ 485,000 | $ 485,000 | $ 118,000 |
| Modesto, CA | 1 | $ 265,000 | $ 265,000 | $ 181,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 225,000 | $ 225,000 | $ 74,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 325,000 | $ 325,000 | $ 164,000 |
| Punta Gorda, FL | 1 | $ 245,000 | $ 245,000 | $ 152,000 |
| Redding, CA | 1 | $ 205,000 | $ 205,000 | $ 158,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 475,000 | $ 475,000 | $ 161,000 |
| Stockton-Lodi, CA | 1 | $ 65,000 | $ 65,000 | $ 114,000 |
| Vallejo-Fairfield, CA | 1 | $ 105,000 | $ 105,000 | $ 92,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2021
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 | 653 | $221,115,000 | $338,000 | $3,005,000 | $158,000 | $1,820,000 |
| Refinancing | 405 | $130,145,000 | $321,000 | $1,485,000 | $163,000 | $1,895,000 |
| Other Purpose | 209 | $33,095,000 | $158,000 | $825,000 | $179,000 | $471,000 |
| Home Purchase | 78 | $36,830,000 | $472,000 | $1,245,000 | $215,000 | $2,454,000 |
| Home Improvement | 3 | $415,000 | $138,000 | $205,000 | $106,000 | $169,000 |
| 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 | 560 | $178,120,000 | $318,000 | $3,005,000 | $172,000 | $1,895,000 |
| Hispanic | 399 | $114,925,000 | $288,000 | $1,245,000 | $146,000 | $1,820,000 |
| Not Provided | 240 | $78,040,000 | $325,000 | $1,315,000 | $176,000 | $2,454,000 |
| Asian | 68 | $26,430,000 | $388,000 | $1,485,000 | $195,000 | $388,000 |
| Black or African American | 33 | $8,775,000 | $265,000 | $755,000 | $166,000 | $441,000 |
| American Indian or Alaskan Native | 11 | $3,695,000 | $335,000 | $785,000 | $130,000 | $200,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $45,000 | $45,000 | $45,000 | $148,000 | $148,000 |
| 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) | 1,348 | $421,600,000 | $312,000 | $3,005,000 | $166,000 | $2,454,000 |
| 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 | 923 | $296,505,000 | $321,000 | $1,355,000 | $169,000 | $633,000 |
| Application Withdrawn By Applicant | 274 | $81,850,000 | $298,000 | $1,485,000 | $168,000 | $2,454,000 |
| Application Approved But Not Accepted | 99 | $26,935,000 | $272,000 | $1,085,000 | $159,000 | $575,000 |
| Application Denied By Financial Institution | 52 | $16,310,000 | $313,000 | $3,005,000 | $113,000 | $600,000 |
| 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 | 1,296 | $405,290,000 | $312,000 | $1,485,000 | $168,000 | $2,454,000 |
| Debt-To-Income Ratio | 29 | $8,615,000 | $297,000 | $855,000 | $102,000 | $600,000 |
| Credit History | 7 | $1,505,000 | $215,000 | $425,000 | $99,000 | $148,000 |
| Unverifiable Information | 6 | $1,480,000 | $246,000 | $595,000 | $146,000 | $318,000 |
| Collateral | 5 | $1,175,000 | $235,000 | $505,000 | $99,000 | $203,000 |
| Credit Application Incomplete | 2 | $120,000 | $60,000 | $95,000 | $140,000 | $216,000 |
| Other | 2 | $410,000 | $205,000 | $205,000 | $182,000 | $235,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $3,005,000 | $3,005,000 | $3,005,000 | $235,000 | $235,000 |
| 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 2021 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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