F&A Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, F&A Federal Credit Union of Monterey Park, CA reported 645 mortgage applications totaling $188.1 million, down 12% from 2023. The average application was for $291,604, and applicants reported an average income of $202,503. 77% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (262), Riverside-San Bernardino-Ontario, CA (129) and Anaheim-Santa Ana-Irvine, CA (110) (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 | 645 |
| Total Mortgage Loan Application Amount | $188,085,000 |
| Average Mortgage Loan Application Amount | $291,604 |
| Highest Mortgage Loan Application Amount | $1,505,000 |
| Average Applicant Income | $202,503 |
| Highest Applicant Income | $942,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 262 | $ 71,940,000 | $ 274,580 | $ 186,000 |
| Riverside-San Bernardino-Ontario, CA | 129 | $ 31,555,000 | $ 244,612 | $ 203,000 |
| Anaheim-Santa Ana-Irvine, CA | 110 | $ 37,960,000 | $ 345,090 | $ 243,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 27 | $ 11,305,000 | $ 418,703 | $ 222,000 |
| San Diego-Carlsbad, CA | 19 | $ 6,755,000 | $ 355,526 | $ 204,000 |
| Outside any metro area | 17 | $ 6,105,000 | $ 359,117 | $ 234,882 |
| Lake Havasu City-Kingman, AZ | 10 | $ 2,530,000 | $ 253,000 | $ 248,000 |
| Phoenix-Mesa-Scottsdale, AZ | 9 | $ 1,935,000 | $ 215,000 | $ 163,000 |
| Las Vegas-Henderson-Paradise, NV | 7 | $ 1,695,000 | $ 242,142 | $ 99,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 6 | $ 1,730,000 | $ 288,333 | $ 183,000 |
| Austin-Round Rock, TX | 3 | $ 945,000 | $ 315,000 | $ 119,000 |
| Fresno, CA | 3 | $ 265,000 | $ 88,333 | $ 209,000 |
| Reno, NV | 3 | $ 1,375,000 | $ 458,333 | $ 193,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 3 | $ 1,755,000 | $ 585,000 | $ 230,000 |
| Bakersfield, CA | 2 | $ 400,000 | $ 200,000 | $ 138,000 |
| Boise City, ID | 2 | $ 90,000 | $ 45,000 | $ 69,000 |
| Boston, MA | 2 | $ 670,000 | $ 335,000 | $ 145,000 |
| Coeur D'Alene, ID | 2 | $ 510,000 | $ 255,000 | $ 169,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 2 | $ 230,000 | $ 115,000 | $ 206,000 |
| Oklahoma City, OK | 2 | $ 330,000 | $ 165,000 | $ 228,000 |
| Salinas, CA | 2 | $ 900,000 | $ 450,000 | $ 540,000 |
| Santa Maria-Santa Barbara, CA | 2 | $ 590,000 | $ 295,000 | $ 260,000 |
| Billings, MT | 1 | $ 335,000 | $ 335,000 | $ 89,000 |
| Chattanooga, TN-GA | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Chico, CA | 1 | $ 55,000 | $ 55,000 | $ 102,000 |
| Cleveland, OH | 1 | $ 135,000 | $ 135,000 | $ 210,000 |
| Colorado Springs, CO | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Columbus, OH | 1 | $ 555,000 | $ 555,000 | $ 487,000 |
| Dallas-Plano-Irving, TX | 1 | $ 185,000 | $ 185,000 | $ 53,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 625,000 | $ 625,000 | $ 266,000 |
| Lakeland-Winter Haven, FL | 1 | $ 315,000 | $ 315,000 | $ 170,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 95,000 | $ 95,000 | $ 124,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 125,000 | $ 125,000 | $ 195,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 495,000 | $ 495,000 | $ 187,000 |
| Prescott Valley-Prescott, AZ | 1 | $ 55,000 | $ 55,000 | $ 66,000 |
| Provo-Orem, UT | 1 | $ 495,000 | $ 495,000 | $ 217,000 |
| Raleigh, NC | 1 | $ 75,000 | $ 75,000 | $ 142,000 |
| Redding, CA | 1 | $ 205,000 | $ 205,000 | $ 123,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 995,000 | $ 995,000 | $ 352,000 |
| Santa Rosa, CA | 1 | $ 545,000 | $ 545,000 | $ 129,000 |
| St. Petersburg-Clearwater-Largo, FL | 1 | $ 745,000 | $ 745,000 | $ 152,000 |
| Terre Haute, IN | 1 | $ 65,000 | $ 65,000 | $ 294,000 |
| Urban Honolulu, HI | 1 | $ 305,000 | $ 305,000 | $ 201,000 |
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2024
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 | 322 | $62,280,000 | $193,000 | $1,295,000 | $189,000 | $942,000 |
| Home Purchase | 138 | $77,980,000 | $565,000 | $1,425,000 | $246,000 | $876,000 |
| Refinancing | 98 | $33,410,000 | $340,000 | $1,505,000 | $200,000 | $727,000 |
| Other Purpose | 86 | $14,110,000 | $164,000 | $505,000 | $186,000 | $411,000 |
| Home Improvement | 1 | $305,000 | $305,000 | $305,000 | $213,000 | $213,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 247 | $63,615,000 | $257,000 | $1,425,000 | $181,000 | $876,000 |
| White | 215 | $63,115,000 | $293,000 | $1,505,000 | $212,000 | $942,000 |
| Not Provided | 132 | $47,810,000 | $362,000 | $1,335,000 | $234,000 | $688,000 |
| Asian | 34 | $9,900,000 | $291,000 | $1,075,000 | $179,000 | $794,000 |
| Black or African American | 14 | $2,440,000 | $174,000 | $495,000 | $166,000 | $309,000 |
| American Indian or Alaskan Native | 3 | $1,205,000 | $401,000 | $735,000 | $222,000 | $294,000 |
| 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) | 645 | $188,085,000 | $291,000 | $1,505,000 | $202,000 | $942,000 |
| 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 | 496 | $150,730,000 | $303,000 | $1,425,000 | $210,000 | $942,000 |
| Application Withdrawn By Applicant | 81 | $23,145,000 | $285,000 | $1,505,000 | $153,000 | $444,000 |
| Application Denied By Financial Institution | 35 | $4,785,000 | $136,000 | $405,000 | $143,000 | $380,000 |
| Application Approved But Not Accepted | 33 | $9,425,000 | $285,000 | $995,000 | $204,000 | $540,000 |
| 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 | 610 | $183,300,000 | $300,000 | $1,505,000 | $205,000 | $942,000 |
| Debt-To-Income Ratio | 19 | $2,605,000 | $137,000 | $405,000 | $99,000 | $222,000 |
| Collateral | 11 | $1,175,000 | $106,000 | $305,000 | $218,000 | $380,000 |
| Credit History | 2 | $210,000 | $105,000 | $105,000 | $114,000 | $114,000 |
| Credit Application Incomplete | 1 | $405,000 | $405,000 | $405,000 | $0 | $0 |
| Other | 1 | $305,000 | $305,000 | $305,000 | $0 | $0 |
| Employment History | 1 | $85,000 | $85,000 | $85,000 | $61,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&A Federal Credit Union's 2024 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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