F&A Federal Credit Union Mortgage Lending & HMDA Data, 2017
In 2017, F&A Federal Credit Union of Monterey Park, CA reported 504 mortgage applications totaling $58.1 million, up 7% from 2016. The average application was for $115,184, and applicants reported an average income of $140,339. 73% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (286), Riverside-San Bernardino-Ontario, CA (91) and Anaheim-Santa Ana-Irvine, CA (84) (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 | 504 |
| Total Mortgage Loan Application Amount | $58,053,000 |
| Average Mortgage Loan Application Amount | $115,184 |
| Highest Mortgage Loan Application Amount | $736,000 |
| Average Applicant Income | $140,339 |
| Highest Applicant Income | $542,000 |
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(HMDA) records F&A Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for F&A Federal Credit Union in 2017
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 |
|---|---|---|---|---|---|---|
| Home Improvement | 288 | $24,655,000 | $85,000 | $410,000 | $146,000 | $542,000 |
| Refinancing | 187 | $27,902,000 | $149,000 | $580,000 | $134,000 | $343,000 |
| Home Purchase | 29 | $5,496,000 | $189,000 | $736,000 | $125,000 | $312,000 |
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 | 264 | $31,534,000 | $119,000 | $604,000 | $150,000 | $542,000 |
| Hispanic | 202 | $20,168,000 | $99,000 | $736,000 | $130,000 | $391,000 |
| Asian | 15 | $1,968,000 | $131,000 | $290,000 | $142,000 | $298,000 |
| Black or African American | 13 | $2,145,000 | $165,000 | $371,000 | $124,000 | $271,000 |
| Not Provided | 7 | $1,829,000 | $261,000 | $580,000 | $131,000 | $263,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $334,000 | $167,000 | $245,000 | $92,000 | $107,000 |
| American Indian or Alaskan Native | 1 | $75,000 | $75,000 | $75,000 | $216,000 | $216,000 |
| 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) | 504 | $58,053,000 | $115,000 | $736,000 | $141,000 | $542,000 |
| 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 | 367 | $38,529,000 | $104,000 | $736,000 | $150,000 | $400,000 |
| Application Withdrawn By Applicant | 89 | $15,056,000 | $169,000 | $596,000 | $125,000 | $542,000 |
| Application Denied By Financial Institution | 47 | $4,418,000 | $94,000 | $580,000 | $99,000 | $244,000 |
| Application Approved But Not Accepted | 1 | $50,000 | $50,000 | $50,000 | $130,000 | $130,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 24 | $2,314,000 | $96,000 | $420,000 | $75,000 | $200,000 |
| Collateral | 12 | $1,351,000 | $112,000 | $580,000 | $139,000 | $212,000 |
| Unverifiable Information | 4 | $256,000 | $64,000 | $88,000 | $78,000 | $175,000 |
| Other | 3 | $167,000 | $55,000 | $100,000 | $87,000 | $140,000 |
| Credit Application Incomplete | 3 | $250,000 | $83,000 | $100,000 | $187,000 | $244,000 |
| Credit History | 1 | $80,000 | $80,000 | $80,000 | $52,000 | $52,000 |
| 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 2017 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.
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