Farmers Insurance Federal Credit Union Mortgage Lending & HMDA Data, 2024
In 2024, Farmers Insurance Federal Credit Union of Burbank, CA reported 585 mortgage applications totaling $104.5 million, down 23% from 2023. The average application was for $178,555, and applicants reported an average income of $256,425. 55% of its applications resulted in an originated loan and 34% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (36), Riverside-San Bernardino-Ontario, CA (36) and Phoenix-Mesa-Scottsdale, AZ (22) (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 | 585 |
| Total Mortgage Loan Application Amount | $104,455,000 |
| Average Mortgage Loan Application Amount | $178,555 |
| Highest Mortgage Loan Application Amount | $1,685,000 |
| Average Applicant Income | $256,425 |
| Highest Applicant Income | $2,640,000 |
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Farmers Insurance Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 43 | $ 7,285,000 | $ 169,418 | $ 193,534 |
| Los Angeles-Long Beach-Glendale, CA | 36 | $ 9,030,000 | $ 250,833 | $ 343,000 |
| Riverside-San Bernardino-Ontario, CA | 36 | $ 6,390,000 | $ 177,500 | $ 227,000 |
| Phoenix-Mesa-Scottsdale, AZ | 22 | $ 3,320,000 | $ 150,909 | $ 182,000 |
| Anaheim-Santa Ana-Irvine, CA | 19 | $ 6,975,000 | $ 367,105 | $ 504,000 |
| San Diego-Carlsbad, CA | 17 | $ 5,655,000 | $ 332,647 | $ 346,000 |
| Grand Rapids-Wyoming, MI | 14 | $ 1,030,000 | $ 73,571 | $ 91,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 13 | $ 2,675,000 | $ 205,769 | $ 236,000 |
| Chicago-Naperville, IL | 12 | $ 1,910,000 | $ 159,166 | $ 246,000 |
| Denver-Aurora-Lakewood, CO | 11 | $ 1,875,000 | $ 170,454 | $ 157,000 |
| Kansas City, MO-KS | 11 | $ 845,000 | $ 76,818 | $ 227,090 |
| Houston-The Woodlands-Sugar Land, TX | 10 | $ 1,340,000 | $ 134,000 | $ 218,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 10 | $ 1,280,000 | $ 128,000 | $ 232,000 |
| Atlanta-Sandy Springs-Roswell, GA | 9 | $ 1,595,000 | $ 177,222 | $ 327,000 |
| Las Vegas-Henderson-Paradise, NV | 9 | $ 1,155,000 | $ 128,333 | $ 163,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 9 | $ 1,885,000 | $ 209,444 | $ 213,000 |
| Charlotte-Concord-Gastonia, NC-SC | 8 | $ 1,580,000 | $ 197,500 | $ 253,500 |
| Fort Worth-Arlington, TX | 8 | $ 1,470,000 | $ 183,750 | $ 358,000 |
| Albuquerque, NM | 7 | $ 585,000 | $ 83,571 | $ 280,000 |
| Fresno, CA | 7 | $ 865,000 | $ 123,571 | $ 154,000 |
| Stockton-Lodi, CA | 7 | $ 1,195,000 | $ 170,714 | $ 380,000 |
| Warren-Troy-Farmington Hills, MI | 7 | $ 1,235,000 | $ 176,428 | $ 221,000 |
| Dallas-Plano-Irving, TX | 6 | $ 580,000 | $ 96,666 | $ 291,000 |
| Elgin, IL | 6 | $ 920,000 | $ 153,333 | $ 220,000 |
| Salt Lake City, UT | 6 | $ 1,050,000 | $ 175,000 | $ 301,000 |
| Fort Collins, CO | 5 | $ 705,000 | $ 141,000 | $ 892,000 |
| Lakewood-New Brunswick, NJ | 5 | $ 1,025,000 | $ 205,000 | $ 221,000 |
| Napa, CA | 5 | $ 1,585,000 | $ 317,000 | $ 378,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 2,575,000 | $ 515,000 | $ 350,000 |
| New York-Jersey City-White Plains, NY-NJ | 5 | $ 815,000 | $ 163,000 | $ 208,600 |
| Oakland-Hayward-Berkeley, CA | 5 | $ 455,000 | $ 91,000 | $ 159,000 |
| Philadelphia, PA | 5 | $ 955,000 | $ 191,000 | $ 387,000 |
| Provo-Orem, UT | 5 | $ 815,000 | $ 163,000 | $ 278,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 1,395,000 | $ 279,000 | $ 307,000 |
| Seattle-Bellevue-Everett, WA | 5 | $ 1,715,000 | $ 343,000 | $ 206,000 |
| Austin-Round Rock, TX | 4 | $ 230,000 | $ 57,500 | $ 158,000 |
| Bakersfield, CA | 4 | $ 930,000 | $ 232,500 | $ 294,000 |
| Columbus, OH | 4 | $ 1,190,000 | $ 297,500 | $ 743,000 |
| Lake County-Porter County-Jasper County, IN | 4 | $ 310,000 | $ 77,500 | $ 65,000 |
| Las Cruces, NM | 4 | $ 410,000 | $ 102,500 | $ 204,000 |
| Lubbock, TX | 4 | $ 730,000 | $ 182,500 | $ 421,000 |
| Oklahoma City, OK | 4 | $ 340,000 | $ 85,000 | $ 186,000 |
| San Antonio-New Braunfels, TX | 4 | $ 660,000 | $ 165,000 | $ 174,000 |
| Springfield, MO | 4 | $ 780,000 | $ 195,000 | $ 282,000 |
| St. Louis, MO-IL | 4 | $ 640,000 | $ 160,000 | $ 178,000 |
| Baltimore-Columbia-Towson, MD | 3 | $ 135,000 | $ 45,000 | $ 98,000 |
| Camden, NJ | 3 | $ 555,000 | $ 185,000 | $ 113,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 3 | $ 455,000 | $ 151,666 | $ 193,000 |
| Lake Havasu City-Kingman, AZ | 3 | $ 525,000 | $ 175,000 | $ 172,000 |
| Lansing-East Lansing, MI | 3 | $ 305,000 | $ 101,666 | $ 240,000 |
| Lincoln, NE | 3 | $ 705,000 | $ 235,000 | $ 404,000 |
| Marietta, GA | 3 | $ 235,000 | $ 78,333 | $ 75,000 |
| Merced, CA | 3 | $ 285,000 | $ 95,000 | $ 146,000 |
| Nassau County-Suffolk County, NY | 3 | $ 465,000 | $ 155,000 | $ 238,000 |
| Omaha-Council Bluffs, NE-IA | 3 | $ 285,000 | $ 95,000 | $ 137,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 325,000 | $ 108,333 | $ 305,000 |
| Providence-Warwick, RI-MA | 3 | $ 725,000 | $ 241,666 | $ 171,000 |
| San Francisco-Redwood City-South San Francisco, CA | 3 | $ 975,000 | $ 325,000 | $ 608,000 |
| Spokane-Spokane Valley, WA | 3 | $ 445,000 | $ 148,333 | $ 221,000 |
| Tucson, AZ | 3 | $ 275,000 | $ 91,666 | $ 139,000 |
| Waterbury-Shelton, CT | 3 | $ 305,000 | $ 101,666 | $ 212,000 |
| Yuma, AZ | 3 | $ 465,000 | $ 155,000 | $ 397,000 |
| Billings, MT | 2 | $ 100,000 | $ 50,000 | $ 76,000 |
| Boise City, ID | 2 | $ 240,000 | $ 120,000 | $ 136,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 390,000 | $ 195,000 | $ 265,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 270,000 | $ 135,000 | $ 213,000 |
| Cleveland, OH | 2 | $ 420,000 | $ 210,000 | $ 160,000 |
| Colorado Springs, CO | 2 | $ 120,000 | $ 60,000 | $ 135,000 |
| Columbia, SC | 2 | $ 500,000 | $ 250,000 | $ 215,000 |
| Eagle Pass, TX | 2 | $ 250,000 | $ 125,000 | $ 136,000 |
| Everett, WA | 2 | $ 330,000 | $ 165,000 | $ 214,000 |
| Grants Pass, OR | 2 | $ 90,000 | $ 45,000 | $ 123,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 140,000 | $ 70,000 | $ 173,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 180,000 | $ 90,000 | $ 360,000 |
| Lawton, OK | 2 | $ 190,000 | $ 95,000 | $ 216,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 530,000 | $ 265,000 | $ 443,000 |
| Midland, TX | 2 | $ 570,000 | $ 285,000 | $ 474,000 |
| Modesto, CA | 2 | $ 380,000 | $ 190,000 | $ 348,000 |
| Pocatello, ID | 2 | $ 80,000 | $ 40,000 | $ 70,000 |
| Portland-South Portland, ME | 2 | $ 100,000 | $ 50,000 | $ 105,000 |
| Prescott Valley-Prescott, AZ | 2 | $ 170,000 | $ 85,000 | $ 114,000 |
| Rapid City, SD | 2 | $ 310,000 | $ 155,000 | $ 218,000 |
| Reading, PA | 2 | $ 250,000 | $ 125,000 | $ 71,000 |
| Roanoke, VA | 2 | $ 400,000 | $ 200,000 | $ 356,000 |
| Sherman-Denison, TX | 2 | $ 190,000 | $ 95,000 | $ 298,000 |
| St. George, UT | 2 | $ 900,000 | $ 450,000 | $ 74,000 |
| Terre Haute, IN | 2 | $ 220,000 | $ 110,000 | $ 120,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 880,000 | $ 440,000 | $ 299,000 |
| Albany, OR | 1 | $ 55,000 | $ 55,000 | $ 106,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 75,000 | $ 75,000 | $ 249,000 |
| Arlington-Alexandria-Reston, VA-WV | 1 | $ 385,000 | $ 385,000 | $ 384,000 |
| Atlantic City-Hammonton, NJ | 1 | $ 205,000 | $ 205,000 | $ 281,000 |
| Bangor, ME | 1 | $ 55,000 | $ 55,000 | $ 145,000 |
| Bloomington, IL | 1 | $ 125,000 | $ 125,000 | $ 72,000 |
| Boston, MA | 1 | $ 355,000 | $ 355,000 | $ 158,000 |
| Bozeman, MT | 1 | $ 155,000 | $ 155,000 | $ 175,000 |
| Bremerton-Silverdale, WA | 1 | $ 345,000 | $ 345,000 | $ 281,000 |
| Casper, WY | 1 | $ 215,000 | $ 215,000 | $ 1,175,000 |
| Duluth, MN-WI | 1 | $ 15,000 | $ 15,000 | $ 48,000 |
| El Centro, CA | 1 | $ 75,000 | $ 75,000 | $ 63,000 |
| Flagstaff, AZ | 1 | $ 55,000 | $ 55,000 | $ 92,000 |
| Greeley, CO | 1 | $ 85,000 | $ 85,000 | $ 132,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 195,000 | $ 195,000 | $ 389,000 |
| Helena, MT | 1 | $ 105,000 | $ 105,000 | $ 172,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 55,000 | $ 55,000 | $ 120,000 |
| Jonesboro, AR | 1 | $ 65,000 | $ 65,000 | $ 106,000 |
| Kalamazoo-Portage, MI | 1 | $ 235,000 | $ 235,000 | $ 80,000 |
| Laredo, TX | 1 | $ 45,000 | $ 45,000 | $ 103,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 35,000 | $ 35,000 | $ 204,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 35,000 | $ 35,000 | $ 127,000 |
| Medford, OR | 1 | $ 305,000 | $ 305,000 | $ 103,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 125,000 | $ 125,000 | $ 65,000 |
| Minot, ND | 1 | $ 35,000 | $ 35,000 | $ 36,000 |
| Missoula, MT | 1 | $ 35,000 | $ 35,000 | $ 98,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 155,000 | $ 155,000 | $ 262,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 175,000 | $ 175,000 | $ 48,000 |
| Newark, NJ-PA | 1 | $ 205,000 | $ 205,000 | $ 246,000 |
| Ogden-Clearfield, UT | 1 | $ 245,000 | $ 245,000 | $ 326,000 |
| Pittsburgh, PA | 1 | $ 165,000 | $ 165,000 | $ 167,000 |
| Reno, NV | 1 | $ 65,000 | $ 65,000 | $ 120,000 |
| Rockingham County-Strafford County, NH | 1 | $ 105,000 | $ 105,000 | $ 113,000 |
| Salem, OR | 1 | $ 225,000 | $ 225,000 | $ 192,000 |
| Salinas, CA | 1 | $ 125,000 | $ 125,000 | $ 180,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 305,000 | $ 305,000 | $ 252,000 |
| Santa Rosa, CA | 1 | $ 145,000 | $ 145,000 | $ 439,000 |
| Syracuse, NY | 1 | $ 105,000 | $ 105,000 | $ 274,000 |
| Tacoma-Lakewood, WA | 1 | $ 215,000 | $ 215,000 | $ 1,920,000 |
| Toledo, OH | 1 | $ 145,000 | $ 145,000 | $ 182,000 |
| Traverse City, MI | 1 | $ 45,000 | $ 45,000 | $ 160,000 |
| Vallejo-Fairfield, CA | 1 | $ 205,000 | $ 205,000 | $ 180,000 |
| Waco, TX | 1 | $ 305,000 | $ 305,000 | $ 396,000 |
| Washington, DC-MD | 1 | $ 25,000 | $ 25,000 | $ 484,000 |
| Washington-Baltimore-Arlington, DC | 1 | $ 125,000 | $ 125,000 | $ 194,000 |
| Wichita Falls, TX | 1 | $ 25,000 | $ 25,000 | $ 22,000 |
| Wilmington, DE-MD-NJ | 1 | $ 15,000 | $ 15,000 | $ 732,000 |
| Winchester, VA-WV | 1 | $ 75,000 | $ 75,000 | $ 64,000 |
| Yuba City, CA | 1 | $ 135,000 | $ 135,000 | $ 200,000 |
Mortgage Loan Application Detail Totals for Farmers Insurance 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 |
|---|---|---|---|---|---|---|
| Other Purpose | 289 | $45,475,000 | $157,000 | $755,000 | $229,000 | $1,922,000 |
| Home Improvement | 180 | $25,820,000 | $143,000 | $755,000 | $262,000 | $1,571,000 |
| Home Purchase | 88 | $26,240,000 | $298,000 | $1,685,000 | $345,000 | $2,640,000 |
| Refinancing | 19 | $3,835,000 | $201,000 | $465,000 | $179,000 | $325,000 |
| Cash-out Refinancing | 9 | $3,085,000 | $342,000 | $1,165,000 | $323,000 | $719,000 |
| 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 | 313 | $53,255,000 | $170,000 | $1,445,000 | $247,000 | $1,922,000 |
| Hispanic | 96 | $15,870,000 | $165,000 | $825,000 | $235,000 | $1,571,000 |
| Not Provided | 93 | $21,375,000 | $229,000 | $1,685,000 | $317,000 | $1,217,000 |
| Black or African American | 37 | $3,715,000 | $100,000 | $315,000 | $159,000 | $1,263,000 |
| Asian | 34 | $8,090,000 | $237,000 | $755,000 | $360,000 | $2,640,000 |
| American Indian or Alaskan Native | 11 | $2,045,000 | $185,000 | $555,000 | $225,000 | $509,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $105,000 | $105,000 | $105,000 | $74,000 | $74,000 |
| 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) | 585 | $104,455,000 | $178,000 | $1,685,000 | $256,000 | $2,640,000 |
| 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 | 320 | $51,890,000 | $162,000 | $755,000 | $255,000 | $1,571,000 |
| Application Denied By Financial Institution | 197 | $31,135,000 | $158,000 | $1,165,000 | $228,000 | $2,640,000 |
| Loan Purchased By The Institution | 57 | $18,095,000 | $317,000 | $1,685,000 | $373,000 | $1,313,000 |
| Preapproval Approved but not Accepted | 7 | $2,485,000 | $355,000 | $625,000 | $188,000 | $433,000 |
| Application Approved But Not Accepted | 2 | $160,000 | $80,000 | $105,000 | $313,000 | $351,000 |
| Application Withdrawn By Applicant | 1 | $205,000 | $205,000 | $205,000 | $87,000 | $87,000 |
| Preapproval Denied by Financial Institution | 1 | $485,000 | $485,000 | $485,000 | $251,000 | $251,000 |
| 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 | 387 | $72,835,000 | $188,000 | $1,685,000 | $271,000 | $1,571,000 |
| Other | 120 | $19,660,000 | $163,000 | $1,165,000 | $268,000 | $2,640,000 |
| Credit History | 49 | $5,785,000 | $118,000 | $855,000 | $160,000 | $1,200,000 |
| Debt-To-Income Ratio | 18 | $3,660,000 | $203,000 | $555,000 | $156,000 | $395,000 |
| Unverifiable Information | 7 | $1,535,000 | $219,000 | $385,000 | $230,000 | $492,000 |
| Credit Application Incomplete | 2 | $830,000 | $415,000 | $755,000 | $116,000 | $170,000 |
| Collateral | 1 | $55,000 | $55,000 | $55,000 | $127,000 | $127,000 |
| Employment History | 1 | $95,000 | $95,000 | $95,000 | $395,000 | $395,000 |
| 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 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 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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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