F&A Federal Credit Union Mortgage Lending & HMDA Data, 2022
In 2022, F&A Federal Credit Union of Monterey Park, CA reported 1,079 mortgage applications totaling $295.9 million, down 20% from 2021. The average application was for $274,258, and applicants reported an average income of $177,844. 73% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (459), Riverside-San Bernardino-Ontario, CA (254) and Anaheim-Santa Ana-Irvine, CA (163) (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 | 1,079 |
| Total Mortgage Loan Application Amount | $295,925,000 |
| Average Mortgage Loan Application Amount | $274,258 |
| Highest Mortgage Loan Application Amount | $2,005,000 |
| Average Applicant Income | $177,844 |
| Highest Applicant Income | $1,888,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 459 | $ 124,715,000 | $ 271,710 | $ 167,000 |
| Riverside-San Bernardino-Ontario, CA | 254 | $ 54,850,000 | $ 215,944 | $ 164,000 |
| Anaheim-Santa Ana-Irvine, CA | 163 | $ 57,575,000 | $ 353,220 | $ 224,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 38 | $ 8,360,000 | $ 220,000 | $ 189,000 |
| San Diego-Carlsbad, CA | 24 | $ 7,310,000 | $ 304,583 | $ 192,000 |
| Lake Havasu City-Kingman, AZ | 16 | $ 3,810,000 | $ 238,125 | $ 204,000 |
| Outside any metro area | 15 | $ 3,415,000 | $ 227,666 | $ 164,866 |
| Phoenix-Mesa-Scottsdale, AZ | 13 | $ 2,415,000 | $ 185,769 | $ 148,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 11 | $ 3,295,000 | $ 299,545 | $ 228,000 |
| Las Vegas-Henderson-Paradise, NV | 7 | $ 1,965,000 | $ 280,714 | $ 157,000 |
| Bakersfield, CA | 6 | $ 1,270,000 | $ 211,666 | $ 108,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 6 | $ 660,000 | $ 110,000 | $ 136,000 |
| Seattle-Bellevue-Everett, WA | 6 | $ 3,650,000 | $ 608,333 | $ 216,000 |
| Santa Maria-Santa Barbara, CA | 4 | $ 1,510,000 | $ 377,500 | $ 194,000 |
| Boise City, ID | 3 | $ 1,585,000 | $ 528,333 | $ 147,000 |
| Coeur D'Alene, ID | 3 | $ 1,095,000 | $ 365,000 | $ 123,000 |
| Oakland-Hayward-Berkeley, CA | 3 | $ 2,845,000 | $ 948,333 | $ 372,000 |
| Reno, NV | 3 | $ 715,000 | $ 238,333 | $ 161,000 |
| Austin-Round Rock, TX | 2 | $ 890,000 | $ 445,000 | $ 376,000 |
| Dallas-Plano-Irving, TX | 2 | $ 830,000 | $ 415,000 | $ 137,000 |
| Denver-Aurora-Lakewood, CO | 2 | $ 490,000 | $ 245,000 | $ 92,000 |
| Huntsville, AL | 2 | $ 670,000 | $ 335,000 | $ 89,000 |
| Las Cruces, NM | 2 | $ 340,000 | $ 170,000 | $ 80,000 |
| Oklahoma City, OK | 2 | $ 360,000 | $ 180,000 | $ 63,000 |
| San Antonio-New Braunfels, TX | 2 | $ 690,000 | $ 345,000 | $ 96,000 |
| Stockton-Lodi, CA | 2 | $ 430,000 | $ 215,000 | $ 209,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 300,000 | $ 150,000 | $ 230,000 |
| Asheville, NC | 1 | $ 385,000 | $ 385,000 | $ 326,000 |
| Bowling Green, KY | 1 | $ 705,000 | $ 705,000 | $ 585,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 265,000 | $ 265,000 | $ 265,000 |
| Chico, CA | 1 | $ 245,000 | $ 245,000 | $ 125,000 |
| Corvallis, OR | 1 | $ 125,000 | $ 125,000 | $ 68,000 |
| El Centro, CA | 1 | $ 155,000 | $ 155,000 | $ 147,000 |
| Elizabethtown-Fort Knox, KY | 1 | $ 185,000 | $ 185,000 | $ 168,000 |
| Fort Worth-Arlington, TX | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Gadsden, AL | 1 | $ 215,000 | $ 215,000 | $ 63,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 1,285,000 | $ 1,285,000 | $ 585,000 |
| Medford, OR | 1 | $ 485,000 | $ 485,000 | $ 124,000 |
| Merced, CA | 1 | $ 55,000 | $ 55,000 | $ 115,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 395,000 | $ 395,000 | $ 363,000 |
| Pine Bluff, AR | 1 | $ 225,000 | $ 225,000 | $ 100,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 405,000 | $ 405,000 | $ 121,000 |
| Redding, CA | 1 | $ 435,000 | $ 435,000 | $ 97,000 |
| Salt Lake City, UT | 1 | $ 455,000 | $ 455,000 | $ 116,000 |
| Santa Rosa, CA | 1 | $ 635,000 | $ 635,000 | $ 175,000 |
| Tucson, AZ | 1 | $ 125,000 | $ 125,000 | $ 34,000 |
| Visalia-Porterville, CA | 1 | $ 265,000 | $ 265,000 | $ 122,000 |
| Wilmington, NC | 1 | $ 425,000 | $ 425,000 | $ 239,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2022
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 | 539 | $141,825,000 | $263,000 | $2,005,000 | $168,000 | $553,000 |
| Other Purpose | 231 | $39,815,000 | $172,000 | $725,000 | $178,000 | $525,000 |
| Refinancing | 172 | $42,340,000 | $246,000 | $1,755,000 | $195,000 | $1,888,000 |
| Home Purchase | 135 | $71,555,000 | $530,000 | $1,885,000 | $194,000 | $709,000 |
| Home Improvement | 2 | $390,000 | $195,000 | $335,000 | $247,000 | $247,000 |
| 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 | 440 | $119,560,000 | $271,000 | $2,005,000 | $186,000 | $709,000 |
| Hispanic | 284 | $69,130,000 | $243,000 | $1,515,000 | $149,000 | $427,000 |
| Not Provided | 243 | $74,565,000 | $306,000 | $1,755,000 | $183,000 | $1,367,000 |
| Asian | 56 | $16,880,000 | $301,000 | $1,925,000 | $245,000 | $1,888,000 |
| Black or African American | 21 | $5,065,000 | $241,000 | $685,000 | $161,000 | $505,000 |
| American Indian or Alaskan Native | 9 | $2,385,000 | $265,000 | $605,000 | $181,000 | $280,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $705,000 | $705,000 | $705,000 | $156,000 | $156,000 |
| 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) | 1,079 | $295,925,000 | $274,000 | $2,005,000 | $177,000 | $1,888,000 |
| 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 | 791 | $218,345,000 | $276,000 | $1,925,000 | $181,000 | $1,772,000 |
| Application Withdrawn By Applicant | 171 | $45,855,000 | $268,000 | $2,005,000 | $153,000 | $709,000 |
| Application Approved But Not Accepted | 69 | $19,725,000 | $285,000 | $1,285,000 | $174,000 | $585,000 |
| Application Denied By Financial Institution | 48 | $12,000,000 | $250,000 | $1,755,000 | $219,000 | $1,888,000 |
| 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 | 1,031 | $283,925,000 | $275,000 | $2,005,000 | $176,000 | $1,772,000 |
| Debt-To-Income Ratio | 22 | $7,420,000 | $337,000 | $1,755,000 | $298,000 | $1,888,000 |
| Collateral | 8 | $1,300,000 | $162,000 | $505,000 | $184,000 | $324,000 |
| Credit History | 8 | $900,000 | $112,000 | $185,000 | $191,000 | $310,000 |
| Unverifiable Information | 4 | $1,040,000 | $260,000 | $605,000 | $85,000 | $127,000 |
| Credit Application Incomplete | 3 | $695,000 | $231,000 | $505,000 | $202,000 | $360,000 |
| Other | 3 | $645,000 | $215,000 | $255,000 | $63,000 | $99,000 |
| 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 2022 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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