Farmers Insurance Federal Credit Union Mortgage Lending & HMDA Data, 2016
In 2016, Farmers Insurance Federal Credit Union of Burbank, CA reported 182 mortgage applications totaling $37.5 million, up 14% from 2015. The average application was for $205,956, and applicants reported an average income of $141,285. 60% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Kansas City, MO-KS (13), Los Angeles-Long Beach-Glendale, CA (13) and Minneapolis-St. Paul-Bloomington, MN-WI (10) (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 | 182 |
| Total Mortgage Loan Application Amount | $37,484,000 |
| Average Mortgage Loan Application Amount | $205,956 |
| Highest Mortgage Loan Application Amount | $1,268,000 |
| Average Applicant Income | $141,285 |
| Highest Applicant Income | $1,057,000 |
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Farmers Insurance Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Kansas City, MO-KS | 13 | $ 1,406,000 | $ 108,153 | $ 104,384 |
| Los Angeles-Long Beach-Glendale, CA | 13 | $ 3,517,000 | $ 270,538 | $ 148,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 10 | $ 2,392,000 | $ 239,200 | $ 131,000 |
| Chicago-Naperville-Arlington Heights, IL | 7 | $ 1,267,000 | $ 181,000 | $ 113,000 |
| Las Vegas-Henderson-Paradise, NV | 6 | $ 886,000 | $ 147,666 | $ 92,000 |
| San Diego-Carlsbad, CA | 6 | $ 3,328,000 | $ 554,666 | $ 317,000 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 2,865,000 | $ 573,000 | $ 197,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 1,033,000 | $ 258,250 | $ 86,000 |
| Denver-Aurora-Lakewood, CO | 4 | $ 228,000 | $ 57,000 | $ 120,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 4 | $ 369,000 | $ 92,250 | $ 211,000 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 822,000 | $ 205,500 | $ 123,000 |
| Modesto, CA | 3 | $ 649,000 | $ 216,333 | $ 100,000 |
| Salt Lake City, UT | 3 | $ 756,000 | $ 252,000 | $ 143,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 545,000 | $ 181,666 | $ 231,000 |
| Colorado Springs, CO | 2 | $ 100,000 | $ 50,000 | $ 80,000 |
| Elgin, IL | 2 | $ 330,000 | $ 165,000 | $ 98,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 201,000 | $ 100,500 | $ 64,000 |
| Hot Springs, AR | 2 | $ 60,000 | $ 30,000 | $ 60,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 180,000 | $ 90,000 | $ 118,000 |
| Kennewick-Richland, WA | 2 | $ 252,000 | $ 126,000 | $ 222,000 |
| Lansing-East Lansing, MI | 2 | $ 192,000 | $ 96,000 | $ 90,000 |
| Memphis, TN-MS-AR | 2 | $ 368,000 | $ 184,000 | $ 147,000 |
| Morristown, TN | 2 | $ 184,000 | $ 92,000 | $ 59,000 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 514,000 | $ 257,000 | $ 145,000 |
| Newark, NJ-PA | 2 | $ 381,000 | $ 190,500 | $ 152,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 790,000 | $ 395,000 | $ 104,000 |
| Ocean City, NJ | 2 | $ 456,000 | $ 228,000 | $ 171,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 182,000 | $ 91,000 | $ 560,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 652,000 | $ 326,000 | $ 140,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 482,000 | $ 241,000 | $ 118,000 |
| Pittsburgh, PA | 2 | $ 354,000 | $ 177,000 | $ 74,000 |
| Provo-Orem, UT | 2 | $ 90,000 | $ 45,000 | $ 108,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 2 | $ 435,000 | $ 217,500 | $ 156,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 63,000 | $ 31,500 | $ 108,000 |
| Visalia-Porterville, CA | 2 | $ 387,000 | $ 193,500 | $ 256,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 30,000 | $ 30,000 | $ 57,000 |
| Albuquerque, NM | 1 | $ 142,000 | $ 142,000 | $ 59,000 |
| Bakersfield, CA | 1 | $ 401,000 | $ 401,000 | $ 279,000 |
| Billings, MT | 1 | $ 348,000 | $ 348,000 | $ 538,000 |
| Carson City, NV | 1 | $ 68,000 | $ 68,000 | $ 63,000 |
| Cheyenne, WY | 1 | $ 240,000 | $ 240,000 | $ 120,000 |
| Columbus, OH | 1 | $ 77,000 | $ 77,000 | $ 33,000 |
| Corvallis, OR | 1 | $ 326,000 | $ 326,000 | $ 283,000 |
| Dallas-Plano-Irving, TX | 1 | $ 347,000 | $ 347,000 | $ 284,000 |
| Decatur, AL | 1 | $ 200,000 | $ 200,000 | $ 86,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 235,000 | $ 235,000 | $ 211,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 292,000 | $ 292,000 | $ 172,000 |
| Flagstaff, AZ | 1 | $ 276,000 | $ 276,000 | $ 73,000 |
| Fresno, CA | 1 | $ 120,000 | $ 120,000 | $ 118,000 |
| Gary, IN | 1 | $ 198,000 | $ 198,000 | $ 64,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 95,000 | $ 95,000 | $ 175,000 |
| Idaho Falls, ID | 1 | $ 144,000 | $ 144,000 | $ 87,000 |
| Lakeland-Winter Haven, FL | 1 | $ 215,000 | $ 215,000 | $ 120,000 |
| Las Cruces, NM | 1 | $ 68,000 | $ 68,000 | $ 94,000 |
| Lexington-Fayette, KY | 1 | $ 143,000 | $ 143,000 | $ 64,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 60,000 | $ 60,000 | $ 122,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 51,000 | $ 51,000 | $ 85,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 223,000 | $ 223,000 | $ 128,000 |
| Midland, TX | 1 | $ 328,000 | $ 328,000 | $ 283,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 240,000 | $ 240,000 | $ 100,000 |
| Port St. Lucie, FL | 1 | $ 417,000 | $ 417,000 | $ 154,000 |
| Salem, OR | 1 | $ 200,000 | $ 200,000 | $ 63,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 89,000 | $ 89,000 | $ 83,000 |
| San Rafael, CA | 1 | $ 197,000 | $ 197,000 | $ 73,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 50,000 | $ 50,000 | $ 165,000 |
| Sioux Falls, SD | 1 | $ 310,000 | $ 310,000 | $ 183,000 |
| St. George, UT | 1 | $ 100,000 | $ 100,000 | $ 301,000 |
| St. Louis, MO-IL | 1 | $ 181,000 | $ 181,000 | $ 302,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 139,000 | $ 139,000 | $ 90,000 |
| Tucson, AZ | 1 | $ 332,000 | $ 332,000 | $ 127,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 35,000 | $ 35,000 | $ 48,000 |
| Wichita, KS | 1 | $ 212,000 | $ 212,000 | $ 74,000 |
Mortgage Loan Application Detail Totals for Farmers Insurance Federal Credit Union in 2016
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 | 74 | $17,693,000 | $239,000 | $730,000 | $126,000 | $1,057,000 |
| Home Purchase | 59 | $15,006,000 | $254,000 | $1,268,000 | $169,000 | $771,000 |
| Home Improvement | 49 | $4,785,000 | $97,000 | $350,000 | $131,000 | $305,000 |
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 | 115 | $22,814,000 | $198,000 | $750,000 | $139,000 | $1,057,000 |
| Not Provided | 39 | $7,860,000 | $201,000 | $1,268,000 | $154,000 | $771,000 |
| Hispanic | 11 | $2,414,000 | $219,000 | $569,000 | $121,000 | $238,000 |
| Black or African American | 10 | $2,188,000 | $218,000 | $417,000 | $118,000 | $279,000 |
| Asian | 5 | $2,013,000 | $402,000 | $1,184,000 | $199,000 | $397,000 |
| Not applicable | 2 | $195,000 | $97,000 | $151,000 | $133,000 | $175,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 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) | 182 | $37,484,000 | $205,000 | $1,268,000 | $141,000 | $1,057,000 |
| 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 | 110 | $22,202,000 | $201,000 | $1,268,000 | $152,000 | $771,000 |
| Application Denied By Financial Institution | 30 | $4,672,000 | $155,000 | $414,000 | $94,000 | $238,000 |
| Application Withdrawn By Applicant | 21 | $5,738,000 | $273,000 | $712,000 | $121,000 | $284,000 |
| File Closed For Incompleteness | 15 | $3,246,000 | $216,000 | $460,000 | $107,000 | $240,000 |
| Application Approved But Not Accepted | 6 | $1,626,000 | $271,000 | $650,000 | $337,000 | $1,057,000 |
| 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 | 8 | $1,117,000 | $139,000 | $240,000 | $87,000 | $183,000 |
| Debt-To-Income Ratio | 8 | $1,974,000 | $246,000 | $414,000 | $101,000 | $238,000 |
| Other | 7 | $504,000 | $72,000 | $170,000 | $75,000 | $145,000 |
| Collateral | 5 | $841,000 | $168,000 | $412,000 | $104,000 | $168,000 |
| Credit Application Incomplete | 1 | $50,000 | $50,000 | $50,000 | $117,000 | $117,000 |
| Unverifiable Information | 1 | $186,000 | $186,000 | $186,000 | $158,000 | $158,000 |
| 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 Farmers Insurance Federal Credit Union's 2016 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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