Farmers Insurance Group Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 549300KPHGEE40YQXO21
Tax ID: 95-1661138
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Farmers Insurance Group Federal Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Farmers Insurance Group Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Phoenix, San Diego, and Seattle among others. We have data for 165 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers Insurance Group Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Farmers Insurance Group Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 3/27/23 |
| 30 Year Conventional Purchase | 6.32% | 3/27/23 |
| 30 Year Conventional Refi | 6.85% | 3/27/23 |
| 30 Year Cash-out Refi | 6.74% | 3/27/23 |
| 15 Year Conventional Purchase | 5.97% | 3/27/23 |
| 15 Year Conventional Refi | 6.74% | 3/27/23 |
| 15 Year Cash-out Refi | 6.74% | 3/27/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Originations
857Origination Dollar Volume (All Markets)
$180,865,000Relative Rate
Farmers Insurance Group Federal Credit Union's average 30 year fixed mortgage rate was
4.83%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.07%.
Relative Fees (Closing Costs)
Farmers Insurance Group Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,814.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 100 | $33,310,000 | $333,100 | $4,436 | 5.09% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 54 | $13,930,000 | $257,963 | $4,078 | 5.80% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 58 | $8,740,000 | $150,690 | $2,174 | 5.68% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 33 | $7,665,000 | $232,273 | $2,526 | 4.84% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 23 | $6,385,000 | $277,609 | $2,997 | 5.01% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 26 | $5,210,000 | $200,385 | $3,043 | 5.28% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 15 | $4,855,000 | $323,667 | $6,496 | 5.51% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 19 | $4,515,000 | $237,632 | $2,433 | 5.30% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 22 | $4,300,000 | $195,455 | $7,432 | 5.51% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 14 | $3,630,000 | $259,286 | $2,221 | 6.65% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 17 | $2,915,000 | $171,471 | $2,328 | 5.30% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 18 | $2,840,000 | $157,778 | $2,989 | 5.68% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 15 | $2,745,000 | $183,000 | $2,145 | 5.95% |
| MODESTO, CA (FHA|USDA|VA) | 10 | $2,730,000 | $273,000 | $6,532 | 4.87% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 25 | $2,555,000 | $102,200 | $1,502 | 5.49% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 6 | $2,380,000 | $396,667 | $3,049 | 5.12% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 12 | $2,280,000 | $190,000 | $3,088 | 4.78% |
| Outside of Metro Areas | 15 | $2,175,000 | $145,000 | $2,146 | 6.08% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 13 | $1,975,000 | $151,923 | $6,385 | 5.65% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 14 | $1,950,000 | $139,286 | $1,148 | 4.58% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 13 | $1,645,000 | $126,538 | $1,343 | 4.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 16 | $1,630,000 | $101,875 | $3,110 | 6.41% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 17 | $1,605,000 | $94,412 | $1,757 | 6.20% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $1,550,000 | $258,333 | $3,745 | 4.96% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $1,520,000 | $380,000 | $3,219 | 7.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 6 | $1,490,000 | $248,333 | $4,292 | 4.02% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $1,400,000 | $350,000 | $4,147 | 4.87% |
| TULSA, OK (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $7,572 | 6.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 4 | $1,290,000 | $322,500 | $2,889 | 6.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $3,295 | 5.31% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,175,000 | $235,000 | $4,472 | 4.85% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $6,450 | 4.06% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $4,730 | 5.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $14,850 | 4.50% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $1,729 | 6.69% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $1,557 | 6.17% |
| FRESNO, CA (FHA|USDA|VA) | 8 | $930,000 | $116,250 | $2,055 | 5.23% |
| PROVO-OREM, UT (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $2,005 | 4.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $920,000 | $115,000 | $0 | 5.22% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $1,640 | 6.74% |
| EL PASO, TX (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $4,322 | 6.10% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $2,435 | 6.11% |
| BEND, OR (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $16,230 | 4.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $840,000 | $210,000 | $3,671 | 4.91% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $19,106 | 6.38% |
| Outside of Metro Areas | 2 | $760,000 | $380,000 | $4,258 | 6.13% |
| MERCED, CA (FHA|USDA|VA) | 6 | $750,000 | $125,000 | $821 | 4.71% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $5,197 | 4.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $1,739 | 6.62% |
| REDDING, CA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,543 | 5.54% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $5,298 | 5.00% |
| RICHMOND, VA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 6.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 4 | $670,000 | $167,500 | $0 | 5.93% |
| Cookeville, TN (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $2,498 | 7.37% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $4,578 | 4.99% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,580 | 6.13% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,071 | 7.87% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,449 | 6.68% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $4,380 | 6.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $2,664 | 5.58% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $2,944 | 6.04% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 6 | $570,000 | $95,000 | $1,700 | 5.39% |
| Granbury, TX (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $12,529 | 5.88% |
| POCATELLO, ID (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $4,770 | 5.38% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $4,878 | 5.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,260 | 5.91% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,125 | 7.55% |
| MEDFORD, OR (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,762 | 4.38% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 5.58% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,856 | 6.63% |
| Payson, AZ (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $2,210 | 7.04% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,289 | 4.67% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,286 | 5.88% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,510 | 3.88% |
| Moses Lake, WA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $3,797 | 5.94% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 5.67% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,273 | 4.88% |
| BOISE CITY, ID (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $0 | 5.64% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $3,561 | 4.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,188 | 8.49% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,671 | 5.50% |
| NAPA, CA (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $0 | 5.49% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,052 | 4.25% |
| MADERA, CA (FHA|USDA|VA) | 3 | $415,000 | $138,333 | $0 | 5.41% |
| RENO, NV (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 3.25% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 4.50% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,233 | 5.25% |
| Heber, UT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 3.75% |
| Helena, MT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,360 | 3.50% |
| EL CENTRO, CA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,342 | 5.25% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $10,042 | 5.38% |
| WACO, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,758 | 6.38% |
| CHICO, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.49% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,804 | 4.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $1,853 | 4.96% |
| STOCKTON, CA (FHA|USDA|VA) | 5 | $305,000 | $61,000 | $0 | 5.04% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 7.12% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 7.74% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $1,812 | 8.81% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,608 | 4.75% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,990 | 8.37% |
| Alamogordo, NM (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,044 | 8.37% |
| MADISON, WI (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,589 | 4.56% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.99% |
| Ponca City, OK (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 5.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,869 | 6.38% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,765 | 4.38% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 4.50% |
| Edwards, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.25% |
| Montrose, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.49% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 6.50% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 10.99% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 5.33% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 6.75% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.99% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,521 | 5.25% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 10.99% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.99% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 9.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 5.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.25% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.49% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 10.99% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.99% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,562 | 3.99% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 5.38% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.00% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 6.75% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.99% |
| Oak Harbor, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.99% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 5.87% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 10.99% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $1,715 | 6.13% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.75% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.75% |
| Seymour, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.75% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.50% |
| Torrington, CT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.49% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.25% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 7.75% |
| JOPLIN, MO (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $0 | 6.08% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 11.99% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.75% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.49% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.75% |
| Salina, KS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.75% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.75% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 3.75% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.75% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.99% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.50% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.99% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.99% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.25% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.99% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.75% |
| Holland, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.50% |
| SALEM, OR (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against FARMERS INSURANCE GROUP FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 316
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 523 | $134,435,000 | $257,046 | $3,305 | 5.41% |
| HELOC | 334 | $46,430,000 | $139,012 | n/a | 5.74% |
For 2022, Farmers Insurance Group Federal Credit Union's most frequently originated type of loan was Conventional, with 523 originations. Their 2nd most popular type was HELOC, with 334 originations.
Loan Reason
For 2022, Farmers Insurance Group Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 307 originations. The 2nd most popular reason was Other, with 213 originations.
Loan Duration/Length
For 2022, Farmers Insurance Group Federal Credit Union's most frequently cited loan duration was Other, with 336 originations. The 2nd most popular length was 20 Year, with 266 originations.
Origination Fees/Closing Costs
Farmers Insurance Group Federal Credit Union's average total fees were $5,814, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 155 originations.
Interest Rates
During 2022, Farmers Insurance Group Federal Credit Union's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 4-5%, with 256 originations.
Loan Sizing
2022 saw Farmers Insurance Group Federal Credit Union place emphasis on $100,000 or less loans with 304 originations, totaling $17,390,000 in origination value.
Applicant Income
Farmers Insurance Group Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 253 originations. The second most popular income band? $250k+, with 227 originations.
Applicant Debt to Income Ratio
Farmers Insurance Group Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 161 originations. The next most common DTI ratio? 50-60%, with 154 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.40%
Farmers Insurance Group Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.35%
Farmers Insurance Group Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 857 | $180,865,000 | $211,044 |