Farmers Insurance Federal Credit Union Mortgage Lending & HMDA Data, 2023

In 2023, Farmers Insurance Federal Credit Union of Burbank, CA reported 755 mortgage applications totaling $152.4 million, down 39% from 2022. The average application was for $201,874, and applicants reported an average income of $210,981. 48% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (59), Riverside-San Bernardino-Ontario, CA (44) and Phoenix-Mesa-Scottsdale, AZ (25) (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
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  
Total Number of Mortgage Applications 755
Total Mortgage Loan Application Amount $152,415,000
Average Mortgage Loan Application Amount $201,874
Highest Mortgage Loan Application Amount $2,855,000
Average Applicant Income $210,981
Highest Applicant Income $9,120,000

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Farmers Insurance Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 59 $ 17,075,000 $ 289,406 $ 235,000
Riverside, California 27 $ 4,635,000 $ 171,666 $ 199,000
Maricopa, Arizona 24 $ 3,650,000 $ 152,083 $ 173,000
San Bernardino, California 17 $ 3,585,000 $ 210,882 $ 182,000
Orange, California 16 $ 9,390,000 $ 586,875 $ 366,000
Johnson, Kansas 16 $ 1,890,000 $ 118,125 $ 168,000
San Diego, California 14 $ 5,980,000 $ 427,142 $ 258,000
Kent, Michigan 12 $ 1,320,000 $ 110,000 $ 114,000
Clark, Nevada 12 $ 2,540,000 $ 211,666 $ 140,000
Cook, Illinois 10 $ 1,490,000 $ 149,000 $ 142,000
Contra Costa, California 9 $ 4,465,000 $ 496,111 $ 449,000
Williamson, Texas 9 $ 1,655,000 $ 183,888 $ 199,000
Pima, Arizona 8 $ 910,000 $ 113,750 $ 154,000
Fresno, California 8 $ 1,010,000 $ 126,250 $ 134,000
Kern, California 8 $ 1,110,000 $ 138,750 $ 116,000
Merced, California 8 $ 720,000 $ 90,000 $ 1,373,000
Ventura, California 8 $ 610,000 $ 76,250 $ 206,000
Fairfield, Connecticut 8 $ 1,310,000 $ 163,750 $ 199,000
Oklahoma, Oklahoma 8 $ 630,000 $ 78,750 $ 147,000
Sandoval, New Mexico 7 $ 1,865,000 $ 266,428 $ 265,000
Clackamas, Oregon 7 $ 715,000 $ 102,142 $ 229,000
Bernalillo, New Mexico 6 $ 890,000 $ 148,333 $ 177,000
Dallas, Texas 6 $ 2,660,000 $ 443,333 $ 477,000
El Paso, Colorado 5 $ 985,000 $ 197,000 $ 175,000
Gwinnett, Georgia 5 $ 425,000 $ 85,000 $ 86,000
Oakland, Michigan 5 $ 615,000 $ 123,000 $ 149,000
Multnomah, Oregon 5 $ 2,195,000 $ 439,000 $ 371,000
Davidson, Tennessee 5 $ 1,515,000 $ 303,000 $ 255,000
Shelby, Tennessee 5 $ 1,325,000 $ 265,000 $ 252,000
Salt Lake, Utah 5 $ 1,615,000 $ 323,000 $ 184,000
King, Washington 5 $ 1,185,000 $ 237,000 $ 118,000
Mendocino, California 4 $ 1,110,000 $ 277,500 $ 261,000
Placer, California 4 $ 1,380,000 $ 345,000 $ 237,000
Sacramento, California 4 $ 1,260,000 $ 315,000 $ 288,000
Santa Clara, California 4 $ 1,620,000 $ 405,000 $ 217,000
Douglas, Colorado 4 $ 530,000 $ 132,500 $ 161,000
Livingston, Michigan 4 $ 320,000 $ 80,000 $ 120,000
Scott, Minnesota 4 $ 480,000 $ 120,000 $ 169,000
Cole, Missouri 4 $ 670,000 $ 167,500 $ 68,000
Tulsa, Oklahoma 4 $ 470,000 $ 117,500 $ 230,000
Fort Bend, Texas 4 $ 850,000 $ 212,500 $ 301,000
Pierce, Washington 4 $ 750,000 $ 187,500 $ 118,000
Alameda, California 3 $ 545,000 $ 181,666 $ 246,000
El Dorado, California 3 $ 315,000 $ 105,000 $ 92,000
Solano, California 3 $ 1,055,000 $ 351,666 $ 352,000
Stanislaus, California 3 $ 325,000 $ 108,333 $ 93,000
Larimer, Colorado 3 $ 265,000 $ 88,333 $ 153,000
DuPage, Illinois 3 $ 325,000 $ 108,333 $ 253,000
Middlesex, Massachusetts 3 $ 895,000 $ 298,333 $ 212,000
Ionia, Michigan 3 $ 175,000 $ 58,333 $ 76,000
Ottawa, Michigan 3 $ 205,000 $ 68,333 $ 240,000
Dakota, Minnesota 3 $ 745,000 $ 248,333 $ 144,000
Yellowstone, Montana 3 $ 655,000 $ 218,333 $ 276,000
Gloucester, New Jersey 3 $ 805,000 $ 268,333 $ 410,000
Curry, New Mexico 3 $ 145,000 $ 48,333 $ 190,000
Nassau, New York 3 $ 395,000 $ 131,666 $ 188,000
Canadian, Oklahoma 3 $ 155,000 $ 51,666 $ 147,000
Marion, Oregon 3 $ 155,000 $ 51,666 $ 114,000
Berks, Pennsylvania 3 $ 195,000 $ 65,000 $ 129,000
Harris, Texas 3 $ 595,000 $ 198,333 $ 402,000
Hidalgo, Texas 3 $ 995,000 $ 331,666 $ 856,000
Tarrant, Texas 3 $ 645,000 $ 215,000 $ 361,000
Chambers, Alabama 2 $ 160,000 $ 80,000 $ 87,000
Yavapai, Arizona 2 $ 110,000 $ 55,000 $ 139,000
Benton, Arkansas 2 $ 430,000 $ 215,000 $ 341,000
Newton, Arkansas 2 $ 140,000 $ 70,000 $ 137,000
Washington, Arkansas 2 $ 660,000 $ 330,000 $ 260,000
Butte, California 2 $ 350,000 $ 175,000 $ 184,000
Madera, California 2 $ 70,000 $ 35,000 $ 60,000
Marin, California 2 $ 460,000 $ 230,000 $ 135,000
Napa, California 2 $ 420,000 $ 210,000 $ 497,000
San Joaquin, California 2 $ 100,000 $ 50,000 $ 114,000
Santa Barbara, California 2 $ 480,000 $ 240,000 $ 208,000
Yuba, California 2 $ 340,000 $ 170,000 $ 91,000
Arapahoe, Colorado 2 $ 1,110,000 $ 555,000 $ 197,000
Weld, Colorado 2 $ 90,000 $ 45,000 $ 116,000
Hartford, Connecticut 2 $ 200,000 $ 100,000 $ 131,000
New Castle, Delaware 2 $ 110,000 $ 55,000 $ 102,000
Houston, Georgia 2 $ 160,000 $ 80,000 $ 77,000
McHenry, Illinois 2 $ 410,000 $ 205,000 $ 247,000
Will, Illinois 2 $ 170,000 $ 85,000 $ 277,000
Douglas, Kansas 2 $ 110,000 $ 55,000 $ 90,000
Miami, Kansas 2 $ 130,000 $ 65,000 $ 71,000
Carroll, Maryland 2 $ 310,000 $ 155,000 $ 170,000
Bristol, Massachusetts 2 $ 360,000 $ 180,000 $ 116,000
Grand Traverse, Michigan 2 $ 620,000 $ 310,000 $ 144,000
Roscommon, Michigan 2 $ 180,000 $ 90,000 $ 66,000
Wayne, Michigan 2 $ 330,000 $ 165,000 $ 120,000
Ramsey, Minnesota 2 $ 280,000 $ 140,000 $ 89,000
Washington, Minnesota 2 $ 580,000 $ 290,000 $ 111,000
Clay, Missouri 2 $ 160,000 $ 80,000 $ 242,000
Jasper, Missouri 2 $ 110,000 $ 55,000 $ 75,000
Washoe, Nevada 2 $ 410,000 $ 205,000 $ 191,000
Middlesex, New Jersey 2 $ 420,000 $ 210,000 $ 131,000
Ocean, New Jersey 2 $ 460,000 $ 230,000 $ 243,000
Chaves, New Mexico 2 $ 170,000 $ 85,000 $ 84,000
Dona Ana, New Mexico 2 $ 270,000 $ 135,000 $ 69,000
San Juan, New Mexico 2 $ 110,000 $ 55,000 $ 262,000
Suffolk, New York 2 $ 250,000 $ 125,000 $ 167,000
Westchester, New York 2 $ 500,000 $ 250,000 $ 163,000
Davie, North Carolina 2 $ 410,000 $ 205,000 $ 221,000
Cleveland, Oklahoma 2 $ 180,000 $ 90,000 $ 161,000
Garfield, Oklahoma 2 $ 190,000 $ 95,000 $ 106,000
Pittsburg, Oklahoma 2 $ 320,000 $ 160,000 $ 463,000
Columbia, Oregon 2 $ 990,000 $ 495,000 $ 407,000
Jefferson, Oregon 2 $ 330,000 $ 165,000 $ 135,000
Washington, Oregon 2 $ 320,000 $ 160,000 $ 321,000
Allegheny, Pennsylvania 2 $ 180,000 $ 90,000 $ 199,000
Venango, Pennsylvania 2 $ 100,000 $ 50,000 $ 109,000
Hamblen, Tennessee 2 $ 260,000 $ 130,000 $ 65,000
Madison, Tennessee 2 $ 160,000 $ 80,000 $ 41,000
Comal, Texas 2 $ 230,000 $ 115,000 $ 203,000
Denton, Texas 2 $ 370,000 $ 185,000 $ 146,000
Ellis, Texas 2 $ 710,000 $ 355,000 $ 313,000
Midland, Texas 2 $ 570,000 $ 285,000 $ 598,000
Upshur, Texas 2 $ 400,000 $ 200,000 $ 162,000
Chesterfield, Virginia 2 $ 430,000 $ 215,000 $ 169,000
Norfolk, Virginia 2 $ 120,000 $ 60,000 $ 42,000
Pacific, Washington 2 $ 210,000 $ 105,000 $ 213,000
Snohomish, Washington 2 $ 270,000 $ 135,000 $ 63,000
Waupaca, Wisconsin 2 $ 550,000 $ 275,000 $ 150,000
Mohave, Arizona 1 $ 95,000 $ 95,000 $ 425,000
Pinal, Arizona 1 $ 35,000 $ 35,000 $ 130,000
Yuma, Arizona 1 $ 35,000 $ 35,000 $ 43,000
Grant, Arkansas 1 $ 175,000 $ 175,000 $ 161,000
Johnson, Arkansas 1 $ 135,000 $ 135,000 $ 56,000
Sebastian, Arkansas 1 $ 215,000 $ 215,000 $ 63,000
Calaveras, California 1 $ 105,000 $ 105,000 $ 109,000
San Benito, California 1 $ 45,000 $ 45,000 $ 85,000
San Luis Obispo, California 1 $ 355,000 $ 355,000 $ 129,000
San Mateo, California 1 $ 105,000 $ 105,000 $ 449,000
Sonoma, California 1 $ 135,000 $ 135,000 $ 482,000
Tulare, California 1 $ 65,000 $ 65,000 $ 68,000
Adams, Colorado 1 $ 105,000 $ 105,000 $ 356,000
Archuleta, Colorado 1 $ 365,000 $ 365,000 $ 341,000
Boulder, Colorado 1 $ 95,000 $ 95,000 $ 196,000
Garfield, Colorado 1 $ 35,000 $ 35,000 $ 124,000
Duval, Florida 1 $ 65,000 $ 65,000 $ 22,000
Highlands, Florida 1 $ 155,000 $ 155,000 $ 107,000
Lee, Florida 1 $ 405,000 $ 405,000 $ 121,000
Leon, Florida 1 $ 435,000 $ 435,000 $ 192,000
St. Lucie, Florida 1 $ 395,000 $ 395,000 $ 255,000
Carroll, Georgia 1 $ 95,000 $ 95,000 $ 181,000
DeKalb, Georgia 1 $ 155,000 $ 155,000 $ 232,000
Douglas, Georgia 1 $ 175,000 $ 175,000 $ 132,000
Fulton, Georgia 1 $ 355,000 $ 355,000 $ 230,000
Hall, Georgia 1 $ 125,000 $ 125,000 $ 137,000
Henry, Georgia 1 $ 255,000 $ 255,000 $ 211,000
Laurens, Georgia 1 $ 35,000 $ 35,000 $ 134,000
Lowndes, Georgia 1 $ 105,000 $ 105,000 $ 410,000
Troup, Georgia 1 $ 95,000 $ 95,000 $ 158,000
Bonner, Idaho 1 $ 175,000 $ 175,000 $ 105,000
Canyon, Idaho 1 $ 65,000 $ 65,000 $ 134,000
Elmore, Idaho 1 $ 85,000 $ 85,000 $ 87,000
Madison, Idaho 1 $ 285,000 $ 285,000 $ 166,000
Twin Falls, Idaho 1 $ 35,000 $ 35,000 $ 46,000
Bureau, Illinois 1 $ 65,000 $ 65,000 $ 80,000
Ford, Illinois 1 $ 65,000 $ 65,000 $ 89,000
Lake, Illinois 1 $ 305,000 $ 305,000 $ 126,000
Lee, Illinois 1 $ 25,000 $ 25,000 $ 61,000
Allen, Indiana 1 $ 235,000 $ 235,000 $ 169,000
Brown, Indiana 1 $ 105,000 $ 105,000 $ 90,000
Floyd, Indiana 1 $ 275,000 $ 275,000 $ 78,000
Franklin, Indiana 1 $ 205,000 $ 205,000 $ 102,000
Hamilton, Indiana 1 $ 145,000 $ 145,000 $ 137,000
Hancock, Indiana 1 $ 125,000 $ 125,000 $ 126,000
Johnson, Indiana 1 $ 25,000 $ 25,000 $ 71,000
Lawrence, Indiana 1 $ 55,000 $ 55,000 $ 780,000
Marion, Indiana 1 $ 105,000 $ 105,000 $ 162,000
Porter, Indiana 1 $ 75,000 $ 75,000 $ 81,000
Franklin, Kansas 1 $ 275,000 $ 275,000 $ 107,000
Leavenworth, Kansas 1 $ 25,000 $ 25,000 $ 0
Shawnee, Kansas 1 $ 175,000 $ 175,000 $ 95,000
Caldwell, Kentucky 1 $ 115,000 $ 115,000 $ 319,000
Cumberland, Maine 1 $ 115,000 $ 115,000 $ 380,000
Kennebec, Maine 1 $ 85,000 $ 85,000 $ 47,000
York, Maine 1 $ 135,000 $ 135,000 $ 172,000
Anne Arundel, Maryland 1 $ 35,000 $ 35,000 $ 169,000
Prince George's, Maryland 1 $ 105,000 $ 105,000 $ 79,000
Hampden, Massachusetts 1 $ 25,000 $ 25,000 $ 90,000
Plymouth, Massachusetts 1 $ 355,000 $ 355,000 $ 322,000
Suffolk, Massachusetts 1 $ 285,000 $ 285,000 $ 178,000
Eaton, Michigan 1 $ 35,000 $ 35,000 $ 106,000
Ingham, Michigan 1 $ 55,000 $ 55,000 $ 242,000
Macomb, Michigan 1 $ 435,000 $ 435,000 $ 114,000
Mason, Michigan 1 $ 55,000 $ 55,000 $ 133,000
Blue Earth, Minnesota 1 $ 75,000 $ 75,000 $ 290,000
Chisago, Minnesota 1 $ 65,000 $ 65,000 $ 95,000
Hennepin, Minnesota 1 $ 85,000 $ 85,000 $ 139,000
Mille Lacs, Minnesota 1 $ 55,000 $ 55,000 $ 153,000
Steele, Minnesota 1 $ 175,000 $ 175,000 $ 526,000
Wright, Minnesota 1 $ 55,000 $ 55,000 $ 299,000
Boone, Missouri 1 $ 75,000 $ 75,000 $ 270,000
Cass, Missouri 1 $ 345,000 $ 345,000 $ 270,000
Jackson, Missouri 1 $ 35,000 $ 35,000 $ 48,000
Jefferson, Missouri 1 $ 55,000 $ 55,000 $ 60,000
Miller, Missouri 1 $ 1,605,000 $ 1,605,000 $ 815,000
St. Charles, Missouri 1 $ 235,000 $ 235,000 $ 305,000
Lewis and Clark, Montana 1 $ 325,000 $ 325,000 $ 76,000
Missoula, Montana 1 $ 355,000 $ 355,000 $ 53,000
Ravalli, Montana 1 $ 105,000 $ 105,000 $ 91,000
Atlantic, New Jersey 1 $ 35,000 $ 35,000 $ 114,000
Burlington, New Jersey 1 $ 95,000 $ 95,000 $ 265,000
Camden, New Jersey 1 $ 345,000 $ 345,000 $ 206,000
Morris, New Jersey 1 $ 255,000 $ 255,000 $ 900,000
Somerset, New Jersey 1 $ 135,000 $ 135,000 $ 93,000
Sussex, New Jersey 1 $ 75,000 $ 75,000 $ 93,000
Lea, New Mexico 1 $ 105,000 $ 105,000 $ 258,000
Valencia, New Mexico 1 $ 75,000 $ 75,000 $ 85,000
Cortland, New York 1 $ 75,000 $ 75,000 $ 63,000
Kings, New York 1 $ 105,000 $ 105,000 $ 51,000
Onondaga, New York 1 $ 105,000 $ 105,000 $ 261,000
Ulster, New York 1 $ 205,000 $ 205,000 $ 167,000
Catawba, North Carolina 1 $ 25,000 $ 25,000 $ 62,000
Durham, North Carolina 1 $ 155,000 $ 155,000 $ 233,000
Person, North Carolina 1 $ 105,000 $ 105,000 $ 34,000
Pitt, North Carolina 1 $ 95,000 $ 95,000 $ 207,000
Union, North Carolina 1 $ 55,000 $ 55,000 $ 125,000
Wake, North Carolina 1 $ 525,000 $ 525,000 $ 194,000
Allen, Ohio 1 $ 25,000 $ 25,000 $ 99,000
Champaign, Ohio 1 $ 145,000 $ 145,000 $ 129,000
Lake, Ohio 1 $ 55,000 $ 55,000 $ 153,000
Logan, Ohio 1 $ 75,000 $ 75,000 $ 222,000
Medina, Ohio 1 $ 75,000 $ 75,000 $ 377,000
Montgomery, Ohio 1 $ 25,000 $ 25,000 $ 58,000
Summit, Ohio 1 $ 25,000 $ 25,000 $ 21,000
Warren, Ohio 1 $ 35,000 $ 35,000 $ 64,000
Creek, Oklahoma 1 $ 85,000 $ 85,000 $ 203,000
Grady, Oklahoma 1 $ 355,000 $ 355,000 $ 157,000
Kay, Oklahoma 1 $ 115,000 $ 115,000 $ 128,000
Kingfisher, Oklahoma 1 $ 15,000 $ 15,000 $ 36,000
Osage, Oklahoma 1 $ 485,000 $ 485,000 $ 342,000
Stephens, Oklahoma 1 $ 95,000 $ 95,000 $ 110,000
Lincoln, Oregon 1 $ 335,000 $ 335,000 $ 205,000
Linn, Oregon 1 $ 55,000 $ 55,000 $ 82,000
Tillamook, Oregon 1 $ 565,000 $ 565,000 $ 139,000
Butler, Pennsylvania 1 $ 155,000 $ 155,000 $ 158,000
Erie, Pennsylvania 1 $ 35,000 $ 35,000 $ 238,000
Philadelphia, Pennsylvania 1 $ 55,000 $ 55,000 $ 56,000
York, Pennsylvania 1 $ 35,000 $ 35,000 $ 28,000
Kent, Rhode Island 1 $ 75,000 $ 75,000 $ 76,000
Lexington, South Carolina 1 $ 55,000 $ 55,000 $ 125,000
Blount, Tennessee 1 $ 45,000 $ 45,000 $ 145,000
Hamilton, Tennessee 1 $ 55,000 $ 55,000 $ 139,000
Rutherford, Tennessee 1 $ 235,000 $ 235,000 $ 129,000
Sumner, Tennessee 1 $ 355,000 $ 355,000 $ 450,000
Weakley, Tennessee 1 $ 125,000 $ 125,000 $ 130,000
Bexar, Texas 1 $ 75,000 $ 75,000 $ 173,000
Brazoria, Texas 1 $ 55,000 $ 55,000 $ 309,000
Chambers, Texas 1 $ 385,000 $ 385,000 $ 136,000
Collin, Texas 1 $ 25,000 $ 25,000 $ 66,000
El Paso, Texas 1 $ 75,000 $ 75,000 $ 187,000
McLennan, Texas 1 $ 115,000 $ 115,000 $ 238,000
Montgomery, Texas 1 $ 75,000 $ 75,000 $ 122,000
Presidio, Texas 1 $ 445,000 $ 445,000 $ 214,000
Randall, Texas 1 $ 105,000 $ 105,000 $ 179,000
Rockwall, Texas 1 $ 275,000 $ 275,000 $ 385,000
Smith, Texas 1 $ 25,000 $ 25,000 $ 42,000
Utah, Utah 1 $ 205,000 $ 205,000 $ 340,000
Arlington, Virginia 1 $ 195,000 $ 195,000 $ 274,000
Campbell, Virginia 1 $ 115,000 $ 115,000 $ 143,000
Chesapeake, Virginia 1 $ 85,000 $ 85,000 $ 297,000
Hampton, Virginia 1 $ 35,000 $ 35,000 $ 52,000
Prince William, Virginia 1 $ 55,000 $ 55,000 $ 160,000
Clallam, Washington 1 $ 55,000 $ 55,000 $ 52,000
Clark, Washington 1 $ 205,000 $ 205,000 $ 197,000
Douglas, Washington 1 $ 195,000 $ 195,000 $ 346,000
Thurston, Washington 1 $ 55,000 $ 55,000 $ 161,000
Dane, Wisconsin 1 $ 65,000 $ 65,000 $ 88,000
St. Croix, Wisconsin 1 $ 45,000 $ 45,000 $ 81,000

Mortgage Loan Application Detail Totals for Farmers Insurance Federal Credit Union in 2023

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 Purchase 230 $82,110,000 $357,000 $2,855,000 $241,000 $1,242,000
Other Purpose 198 $19,940,000 $100,000 $355,000 $202,000 $9,120,000
Home Improvement 187 $23,235,000 $124,000 $355,000 $194,000 $1,140,000
Cash-out Refinancing 77 $14,585,000 $189,000 $1,605,000 $175,000 $815,000
Refinancing 63 $12,545,000 $199,000 $725,000 $224,000 $703,000
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 358 $66,370,000 $185,000 $1,925,000 $192,000 $1,040,000
Not Provided 160 $35,210,000 $220,000 $2,235,000 $207,000 $915,000
Hispanic 122 $27,130,000 $222,000 $2,855,000 $297,000 $9,120,000
Black or African American 53 $8,925,000 $168,000 $805,000 $158,000 $746,000
Asian 39 $11,195,000 $287,000 $1,215,000 $228,000 $1,140,000
American Indian or Alaskan Native 8 $1,110,000 $138,000 $575,000 $232,000 $377,000
Native Hawaiian or Other Pacific Islander 3 $475,000 $158,000 $355,000 $143,000 $228,000
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) 755 $152,415,000 $201,000 $2,855,000 $211,000 $9,120,000
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 366 $50,380,000 $137,000 $1,605,000 $190,000 $915,000
Loan Purchased By The Institution 206 $66,350,000 $322,000 $2,855,000 $246,000 $1,242,000
Application Denied By Financial Institution 126 $17,600,000 $139,000 $1,005,000 $231,000 $9,120,000
Preapproval Approved but not Accepted 29 $10,855,000 $374,000 $995,000 $197,000 $746,000
Application Withdrawn By Applicant 15 $4,105,000 $273,000 $545,000 $147,000 $265,000
Preapproval Denied by Financial Institution 8 $910,000 $113,000 $405,000 $131,000 $265,000
Application Approved But Not Accepted 5 $2,215,000 $443,000 $985,000 $198,000 $381,000
File Closed For Incompleteness 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 621 $133,905,000 $215,000 $2,855,000 $208,000 $1,242,000
Other 71 $10,105,000 $142,000 $355,000 $311,000 $9,120,000
Credit History 41 $3,805,000 $92,000 $405,000 $127,000 $475,000
Debt-To-Income Ratio 14 $3,650,000 $260,000 $1,005,000 $113,000 $240,000
Collateral 3 $195,000 $65,000 $115,000 $165,000 $265,000
Unverifiable Information 2 $390,000 $195,000 $315,000 $137,000 $137,000
Employment History 2 $50,000 $25,000 $45,000 $136,000 $152,000
Insufficient Cash (Downpayment, Closing Cost) 1 $315,000 $315,000 $315,000 $190,000 $190,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Farmers Insurance Federal Credit Union's 2023 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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