Farmers Insurance Federal Credit Union Mortgage Lending & HMDA Data, 2011

In 2011, Farmers Insurance Federal Credit Union of Burbank, CA reported 280 mortgage applications totaling $50.2 million, up 167% from 2010. The average application was for $179,146, and applicants reported an average income of $93,657. 25% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Kansas City, MO-KS (21), Grand Rapids-Wyoming, MI (15) and Phoenix-Mesa-Glendale, AZ (14) (applications in parentheses).

Mortgage Company & Address Farmers Insurance Federal Credit Union
4601 Wilshire Bl. Ste 110
Burbank, CA 91504
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 280
Total Mortgage Loan Application Amount $50,161,000
Average Mortgage Loan Application Amount $179,146
Highest Mortgage Loan Application Amount $864,000
Average Applicant Income $93,657
Highest Applicant Income $403,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Farmers Insurance Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Farmers Insurance Federal Credit Union by County in 2011

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Maricopa, Arizona 14 $ 3,168,000 $ 226,285 $ 101,000
Johnson, Kansas 14 $ 2,198,000 $ 157,000 $ 97,000
Kent, Michigan 13 $ 1,398,000 $ 107,538 $ 97,000
King, Washington 9 $ 1,723,000 $ 191,444 $ 128,000
Cleveland, Oklahoma 6 $ 1,019,000 $ 169,833 $ 132,000
El Paso, Colorado 5 $ 1,033,000 $ 206,600 $ 94,000
Jackson, Missouri 5 $ 732,000 $ 146,400 $ 117,000
Cook, Illinois 4 $ 1,117,000 $ 279,250 $ 82,000
Kane, Illinois 4 $ 692,000 $ 173,000 $ 114,000
Clark, Nevada 4 $ 430,000 $ 107,500 $ 143,000
Bernalillo, New Mexico 4 $ 796,000 $ 199,000 $ 72,000
Bannock, Idaho 3 $ 507,000 $ 169,000 $ 101,000
Pima, Arizona 2 $ 625,000 $ 312,500 $ 126,000
Yuma, Arizona 2 $ 242,000 $ 121,000 $ 112,000
Benton, Arkansas 2 $ 453,000 $ 226,500 $ 89,000
Arapahoe, Colorado 2 $ 328,000 $ 164,000 $ 120,000
Broward, Florida 2 $ 474,000 $ 237,000 $ 152,000
DuPage, Illinois 2 $ 1,574,000 $ 787,000 $ 139,000
Monroe, Indiana 2 $ 544,000 $ 272,000 $ 67,000
Shelby, Indiana 2 $ 95,000 $ 47,500 $ 74,000
Barry, Michigan 2 $ 106,000 $ 53,000 $ 61,000
Livingston, Michigan 2 $ 600,000 $ 300,000 $ 233,000
Itasca, Minnesota 2 $ 550,000 $ 275,000 $ 78,000
Washington, Minnesota 2 $ 291,000 $ 145,500 $ 93,000
Burlington, New Jersey 2 $ 292,000 $ 146,000 $ 129,000
McCurtain, Oklahoma 2 $ 150,000 $ 75,000 $ 126,000
Multnomah, Oregon 2 $ 305,000 $ 152,500 $ 77,000
Clark, Washington 2 $ 270,000 $ 135,000 $ 92,000
Spokane, Washington 2 $ 199,000 $ 99,500 $ 60,000
Henry, Alabama 1 $ 149,000 $ 149,000 $ 112,000
Shelby, Alabama 1 $ 216,000 $ 216,000 $ 66,000
Cochise, Arizona 1 $ 110,000 $ 110,000 $ 34,000
La Paz, Arizona 1 $ 116,000 $ 116,000 $ 21,000
Garland, Arkansas 1 $ 400,000 $ 400,000 $ 250,000
Independence, Arkansas 1 $ 84,000 $ 84,000 $ 26,000
Washington, Arkansas 1 $ 108,000 $ 108,000 $ 56,000
San Francisco, California 1 $ 611,000 $ 611,000 $ 325,000
Adams, Colorado 1 $ 256,000 $ 256,000 $ 94,000
Morgan, Colorado 1 $ 240,000 $ 240,000 $ 85,000
Weld, Colorado 1 $ 119,000 $ 119,000 $ 62,000
New Castle, Delaware 1 $ 308,000 $ 308,000 $ 140,000
Sussex, Delaware 1 $ 144,000 $ 144,000 $ 68,000
Escambia, Florida 1 $ 337,000 $ 337,000 $ 124,000
Dawson, Georgia 1 $ 115,000 $ 115,000 $ 71,000
Fulton, Georgia 1 $ 36,000 $ 36,000 $ 120,000
Ada, Idaho 1 $ 103,000 $ 103,000 $ 159,000
Bonneville, Idaho 1 $ 116,000 $ 116,000 $ 162,000
Kootenai, Idaho 1 $ 109,000 $ 109,000 $ 91,000
Twin Falls, Idaho 1 $ 130,000 $ 130,000 $ 55,000
Bureau, Illinois 1 $ 140,000 $ 140,000 $ 24,000
DeKalb, Illinois 1 $ 58,000 $ 58,000 $ 48,000
Grundy, Illinois 1 $ 126,000 $ 126,000 $ 120,000
Iroquois, Illinois 1 $ 80,000 $ 80,000 $ 90,000
Kendall, Illinois 1 $ 235,000 $ 235,000 $ 86,000
Marion, Indiana 1 $ 160,000 $ 160,000 $ 76,000
Douglas, Kansas 1 $ 107,000 $ 107,000 $ 83,000
Leavenworth, Kansas 1 $ 200,000 $ 200,000 $ 75,000
Pottawatomie, Kansas 1 $ 121,000 $ 121,000 $ 54,000
Shawnee, Kansas 1 $ 256,000 $ 256,000 $ 134,000
Berrien, Michigan 1 $ 81,000 $ 81,000 $ 69,000
Cheboygan, Michigan 1 $ 105,000 $ 105,000 $ 100,000
Chippewa, Michigan 1 $ 108,000 $ 108,000 $ 95,000
Houghton, Michigan 1 $ 105,000 $ 105,000 $ 115,000
Mason, Michigan 1 $ 201,000 $ 201,000 $ 95,000
Muskegon, Michigan 1 $ 100,000 $ 100,000 $ 79,000
Oakland, Michigan 1 $ 112,000 $ 112,000 $ 30,000
Anoka, Minnesota 1 $ 84,000 $ 84,000 $ 40,000
Hennepin, Minnesota 1 $ 100,000 $ 100,000 $ 67,000
Rice, Minnesota 1 $ 280,000 $ 280,000 $ 100,000
Buchanan, Missouri 1 $ 214,000 $ 214,000 $ 81,000
Camden, Missouri 1 $ 130,000 $ 130,000 $ 49,000
Cass, Missouri 1 $ 265,000 $ 265,000 $ 70,000
Hickory, Missouri 1 $ 31,000 $ 31,000 $ 63,000
Iron, Missouri 1 $ 45,000 $ 45,000 $ 74,000
Morgan, Missouri 1 $ 65,000 $ 65,000 $ 95,000
St. Charles, Missouri 1 $ 108,000 $ 108,000 $ 146,000
St. Francois, Missouri 1 $ 175,000 $ 175,000 $ 55,000
Flathead, Montana 1 $ 98,000 $ 98,000 $ 70,000
Missoula, Montana 1 $ 232,000 $ 232,000 $ 72,000
Yellowstone, Montana 1 $ 150,000 $ 150,000 $ 78,000
Gage, Nebraska 1 $ 80,000 $ 80,000 $ 78,000
Douglas, Nevada 1 $ 864,000 $ 864,000 $ 36,000
Washoe, Nevada 1 $ 184,000 $ 184,000 $ 95,000
Camden, New Jersey 1 $ 330,000 $ 330,000 $ 177,000
Cape May, New Jersey 1 $ 235,000 $ 235,000 $ 269,000
Curry, New Mexico 1 $ 200,000 $ 200,000 $ 82,000
Lea, New Mexico 1 $ 177,000 $ 177,000 $ 110,000
Broome, New York 1 $ 40,000 $ 40,000 $ 65,000
Stutsman, North Dakota 1 $ 108,000 $ 108,000 $ 76,000
Delaware, Ohio 1 $ 212,000 $ 212,000 $ 120,000
Shelby, Ohio 1 $ 180,000 $ 180,000 $ 43,000
Atoka, Oklahoma 1 $ 500,000 $ 500,000 $ 335,000
Canadian, Oklahoma 1 $ 180,000 $ 180,000 $ 122,000
Lincoln, Oklahoma 1 $ 65,000 $ 65,000 $ 119,000
McClain, Oklahoma 1 $ 138,000 $ 138,000 $ 94,000
Muskogee, Oklahoma 1 $ 49,000 $ 49,000 $ 84,000
Noble, Oklahoma 1 $ 128,000 $ 128,000 $ 82,000
Oklahoma, Oklahoma 1 $ 130,000 $ 130,000 $ 70,000
Payne, Oklahoma 1 $ 125,000 $ 125,000 $ 256,000
Pushmataha, Oklahoma 1 $ 92,000 $ 92,000 $ 61,000
Tulsa, Oklahoma 1 $ 210,000 $ 210,000 $ 54,000
Wagoner, Oklahoma 1 $ 109,000 $ 109,000 $ 48,000
Benton, Oregon 1 $ 400,000 $ 400,000 $ 140,000
Jackson, Oregon 1 $ 300,000 $ 300,000 $ 102,000
Washington, Oregon 1 $ 78,000 $ 78,000 $ 40,000
Minnehaha, South Dakota 1 $ 145,000 $ 145,000 $ 28,000
Knox, Tennessee 1 $ 124,000 $ 124,000 $ 40,000
Sevier, Tennessee 1 $ 224,000 $ 224,000 $ 190,000
Shelby, Tennessee 1 $ 63,000 $ 63,000 $ 83,000
Wasatch, Utah 1 $ 85,000 $ 85,000 $ 121,000
Chesapeake, Virginia 1 $ 284,000 $ 284,000 $ 84,000
Prince William, Virginia 1 $ 419,000 $ 419,000 $ 128,000
Virginia Beach, Virginia 1 $ 87,000 $ 87,000 $ 88,000
Grant, Washington 1 $ 400,000 $ 400,000 $ 24,000
Pierce, Washington 1 $ 144,000 $ 144,000 $ 69,000
San Juan, Washington 1 $ 415,000 $ 415,000 $ 65,000
Snohomish, Washington 1 $ 253,000 $ 253,000 $ 103,000
Thurston, Washington 1 $ 356,000 $ 356,000 $ 117,000
Walla Walla, Washington 1 $ 180,000 $ 180,000 $ 42,000
Ozaukee, Wisconsin 1 $ 95,000 $ 95,000 $ 87,000
Sawyer, Wisconsin 1 $ 140,000 $ 140,000 $ 163,000
Washington, Wisconsin 1 $ 292,000 $ 292,000 $ 168,000
Converse, Wyoming 1 $ 93,000 $ 93,000 $ 67,000
Sheridan, Wyoming 1 $ 256,000 $ 256,000 $ 102,000

Mortgage Loan Application Detail Totals for Farmers Insurance Federal Credit Union in 2011

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 176 $33,467,000 $190,000 $864,000 $100,000 $382,000
Home Purchase 103 $16,494,000 $160,000 $560,000 $83,000 $403,000
Home Improvement 1 $200,000 $200,000 $200,000 $75,000 $75,000

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 212 $38,180,000 $180,000 $864,000 $97,000 $382,000
Not Provided 40 $7,614,000 $190,000 $750,000 $76,000 $336,000
Hispanic 17 $2,863,000 $168,000 $405,000 $83,000 $403,000
Asian 7 $1,084,000 $154,000 $310,000 $130,000 $209,000
Black or African American 2 $251,000 $125,000 $176,000 $75,000 $81,000
American Indian or Alaskan Native 2 $169,000 $84,000 $105,000 $60,000 $66,000
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) 277 $49,282,000 $177,000 $864,000 $93,000 $403,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $630,000 $315,000 $365,000 $107,000 $144,000
FHA-insured (Federal Housing Administration) 1 $249,000 $249,000 $249,000 $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
Application Withdrawn By Applicant 121 $23,271,000 $192,000 $816,000 $102,000 $403,000
Application Denied By Financial Institution 72 $12,332,000 $171,000 $789,000 $68,000 $256,000
Loan Originated 70 $10,750,000 $153,000 $415,000 $104,000 $269,000
File Closed For Incompleteness 17 $3,808,000 $224,000 $864,000 $94,000 $335,000
Application Approved But Not Accepted 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
Credit History 32 $4,978,000 $155,000 $785,000 $73,000 $250,000
Debt-To-Income Ratio 26 $5,047,000 $194,000 $789,000 $52,000 $121,000
Collateral 7 $1,115,000 $159,000 $356,000 $98,000 $120,000
Other 3 $575,000 $191,000 $249,000 $117,000 $256,000
Insufficient Cash (Downpayment, Closing Cost) 1 $146,000 $146,000 $146,000 $28,000 $28,000
Credit Application Incomplete 1 $85,000 $85,000 $85,000 $26,000 $26,000
Employment History 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 Farmers Insurance Federal Credit Union's 2011 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 Farmers Insurance 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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