Farmers Insurance Group Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 549300KPHGEE40YQXO21
Tax ID: 95-1661138
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Farmers Insurance Group Federal Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Farmers Insurance Group Federal Credit Union has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, Phoenix, San Diego, and San Francisco among others. Farmers Insurance Group Federal Credit Union has an average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Farmers Insurance Group Federal Credit Union is typically an average fee lendor.Originations
542Origination Dollar Volume (All Markets)
$110,180,000Relative Rate
Farmers Insurance Group Federal Credit Union's average 30 year fixed rate mortgage of loans were
4.41%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 1.26%.
Relative Fees
Farmers Insurance Group Federal Credit Union's average total fees for a 30 year fixed rate
mortgage are $5,006.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 60 | $17,910,000 | $298,500 | $6,850 | 4.81% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 31 | $9,265,000 | $298,871 | $5,835 | 5.32% |
| Outside of Metro Areas | 73 | $7,365,000 | $100,890 | $825 | 6.18% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 34 | $5,650,000 | $166,176 | $3,278 | 5.63% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $3,490,000 | $349,000 | $4,082 | 5.08% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $3,465,000 | $385,000 | $4,497 | 4.17% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 8 | $2,910,000 | $363,750 | $8,068 | 4.54% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 15 | $2,905,000 | $193,667 | $3,186 | 4.32% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 17 | $2,835,000 | $166,765 | $4,018 | 5.62% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 6 | $2,250,000 | $375,000 | $5,075 | 5.42% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 15 | $2,205,000 | $147,000 | $3,419 | 5.10% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 7 | $2,025,000 | $289,286 | $4,879 | 5.07% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 7 | $1,925,000 | $275,000 | $4,077 | 5.03% |
| STOCKTON, CA (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $4,593 | 5.71% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 3 | $1,765,000 | $588,333 | $2,681 | 5.67% |
| MODESTO, CA (FHA|USDA|VA) | 7 | $1,515,000 | $216,429 | $3,612 | 5.96% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,480,000 | $370,000 | $3,337 | 5.78% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 11 | $1,425,000 | $129,545 | $2,152 | 5.68% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,420,000 | $710,000 | $6,989 | 4.18% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 12 | $1,370,000 | $114,167 | $1,277 | 5.26% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $6,413 | 4.22% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $3,413 | 4.55% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 9 | $975,000 | $108,333 | $2,206 | 5.65% |
| TUCSON, AZ (FHA|USDA|VA) | 7 | $955,000 | $136,429 | $2,145 | 5.39% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 8 | $950,000 | $118,750 | $0 | 3.99% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $14,428 | 3.96% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $885,000 | $126,429 | $2,143 | 5.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,374 | 4.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $3,525 | 5.06% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,589 | 4.24% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $685,000 | $137,000 | $0 | 5.29% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $3,076 | 4.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 4.37% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $1,640 | 4.43% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,437 | 6.45% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $625,000 | $89,286 | $1,617 | 5.28% |
| ST. GEORGE, UT (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,978 | 4.75% |
| Elko, NV (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,900 | 6.06% |
| TULSA, OK (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,643 | 4.16% |
| WACO, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,917 | 4.18% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $4,405 | 6.47% |
| CORVALLIS, OR (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,782 | 7.87% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,821 | 3.70% |
| CHICO, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $3,514 | 4.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $2,333 | 5.40% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,742 | 4.25% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $8,065 | 4.25% |
| BOISE CITY, ID (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 4.66% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $4,347 | 4.37% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,320 | 4.25% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $3,750 | 6.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $0 | 6.12% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,133 | 4.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,664 | 4.50% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,481 | 4.38% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $0 | 4.84% |
| RENO, NV (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 3.99% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 5.87% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $2,739 | 6.08% |
| WICHITA, KS (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $2,820 | 5.75% |
| Owatonna, MN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,658 | 4.50% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $3,020 | 4.75% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,632 | 4.50% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $0 | 3.99% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 4.99% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $17,384 | 3.38% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,130 | 4.50% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,792 | 4.63% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,638 | 4.63% |
| Outside of Metro Areas | 1 | $305,000 | $305,000 | $3,805 | 4.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,448 | 4.50% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.99% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 7.75% |
| MERCED, CA (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $3,314 | 4.24% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,183 | 4.50% |
| Newport, OR (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,091 | 6.06% |
| DULUTH, MN-WI (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $0 | 3.99% |
| Wilmington, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,679 | 6.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 8.33% |
| SALEM, OR (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 5.91% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,934 | 3.25% |
| Alice, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,606 | 5.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,884 | 6.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,159 | 4.50% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 7.95% |
| MADISON, WI (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,994 | 3.56% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 7.12% |
| VALLEJO, CA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 3.99% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 7.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,945 | 4.63% |
| LIMA, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,989 | 4.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.75% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $3,836 | 5.31% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.75% |
| Torrington, CT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.99% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.99% |
| Liberal, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.99% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.99% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.99% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.86% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.75% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.75% |
| Angola, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.50% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 10.25% |
| CHEYENNE, WY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 9.75% |
| REDDING, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.99% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.99% |
| MADERA, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.99% |
Farmers Insurance Group Federal Credit Union's top markets include Los Angeles, Riverside, Phoenix, San Diego, and San Francisco among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 542 | $110,180,000 | $203,284 | $3,818 | 5.32% |
For the 2021 period, Farmers Insurance Group Federal Credit Union's most frequently originated loan type of loans were Conventional, with 542 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Improvement | 181 | $19,975,000 | $110,359 | $0 | 5.16% |
| Other | 128 | $13,650,000 | $106,641 | $0 | 5.56% |
| Home Purchase | 107 | $33,405,000 | $312,196 | $4,721 | 5.75% |
| Refi | 65 | $16,505,000 | $253,923 | $3,558 | 5.26% |
| Cash Out Refi | 61 | $26,645,000 | $436,803 | $4,564 | 4.56% |
For the 2021, Farmers Insurance Group Federal Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 181 originations. The 2nd most popular reason of loans were Other, with 128 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 214 | $26,390,000 | $123,318 | $0 | 5.29% |
| 20 Year | 144 | $15,280,000 | $106,111 | $103 | 6.43% |
| 30 Year | 139 | $64,865,000 | $466,655 | $5,006 | 4.41% |
| 10 Year | 21 | $1,125,000 | $53,571 | $0 | 4.91% |
| 15 Year | 17 | $2,245,000 | $132,059 | $2,461 | 4.33% |
| 5 Year | 7 | $275,000 | $39,286 | $0 | 4.67% |
For the 2021, Farmers Insurance Group Federal Credit Union's most frequently cited loan length of loans were Other, with 214 originations. The 2nd most popular length of loans were 20 Year, with 144 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 116 | $49,390,000 | $425,776 |
| $<1k | 44 | $3,990,000 | $90,682 |
| $2k-3k | 11 | $5,825,000 | $529,545 |
| $3k-4k | 9 | $4,415,000 | $490,556 |
| $5k+ | 7 | $6,195,000 | $885,000 |
$5,006 of loans were Farmers Insurance Group Federal Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 116 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 217 | $33,795,000 | $155,737 |
| 4-5% | 154 | $57,440,000 | $372,987 |
| 7-8% | 67 | $7,755,000 | $115,746 |
| Over 8% | 49 | $4,165,000 | $85,000 |
| 5-6% | 45 | $4,935,000 | $109,667 |
| 6-7% | 6 | $320,000 | $53,333 |
| 2.5-3% | 3 | $1,615,000 | $538,333 |
| <2.5% | 1 | $155,000 | $155,000 |
During 2021, Farmers Insurance Group Federal Credit Union's average interest rate of loans were 4.41%, while their most frequently originated rate bucket of loans were 3-4%, with 217 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 218 | $12,210,000 | $56,009 | $198 | 5.83% |
| $100k-200k | 135 | $18,155,000 | $134,481 | $2,301 | 5.45% |
| $200k-400k | 125 | $34,775,000 | $278,200 | $4,129 | 4.75% |
| $400k-600k | 32 | $16,200,000 | $506,250 | $4,802 | 4.52% |
| $600k-1MM | 24 | $17,540,000 | $730,833 | $6,440 | 4.19% |
| $1MM+ | 8 | $11,300,000 | $1,412,500 | $9,893 | 4.38% |
2021 saw Farmers Insurance Group Federal Credit Union place emphasis on $100,000 or less loans with 218 originations, totaling $12,210,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $150k-250k | 164 | $32,480,000 | $198,049 | $3,893 | 5.40% |
| $100k-150k | 145 | $22,465,000 | $154,931 | $2,855 | 5.62% |
| $250k+ | 139 | $46,455,000 | $334,209 | $5,409 | 5.01% |
| $75k-100k | 48 | $4,690,000 | $97,708 | $1,690 | 5.28% |
| $50k-75k | 36 | $3,760,000 | $104,444 | $2,446 | 5.17% |
| $50k or less | 10 | $330,000 | $33,000 | $0 | 4.47% |
Farmers Insurance Group Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 164 originations. The second most popular income band? $100k-150k, with 145 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 116 | $19,950,000 | $171,983 | $2,972 | 5.16% |
| 30-36% | 89 | $19,765,000 | $222,079 | $5,209 | 5.39% |
| 50-60% | 65 | $10,405,000 | $160,077 | $2,364 | 5.68% |
| <20% | 56 | $11,680,000 | $208,571 | $3,686 | 5.40% |
| 37% | 23 | $5,385,000 | $234,130 | $4,067 | 5.82% |
| 46% | 19 | $5,185,000 | $272,895 | $6,184 | 4.85% |
| 44% | 18 | $2,800,000 | $155,556 | $3,403 | 5.22% |
| 42% | 17 | $3,715,000 | $218,529 | $3,595 | 5.22% |
| 40% | 16 | $4,310,000 | $269,375 | $4,302 | 4.96% |
| 39% | 15 | $2,895,000 | $193,000 | $3,104 | 4.90% |
| 49% | 15 | $2,055,000 | $137,000 | $2,639 | 5.68% |
| 38% | 14 | $3,930,000 | $280,714 | $5,623 | 4.84% |
| 41% | 14 | $4,920,000 | $351,429 | $5,318 | 4.38% |
| 43% | 14 | $3,850,000 | $275,000 | $5,208 | 6.12% |
| 45% | 14 | $3,430,000 | $245,000 | $2,312 | 5.97% |
| 48% | 13 | $2,045,000 | $157,308 | $2,490 | 4.72% |
| 47% | 13 | $2,045,000 | $157,308 | $2,647 | 5.11% |
| 36% | 9 | $1,465,000 | $162,778 | $4,247 | 4.65% |
| >60% | 2 | $350,000 | $175,000 | $2,945 | 7.99% |
Farmers Insurance Group Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 116 originations. The next most common DTI ratio? 30-36%, with 89 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not provided | 284 | $72,970,000 | $256,937 | $4,332 | 5.34% |
| White | 220 | $32,110,000 | $145,955 | $2,485 | 5.21% |
| Asian | 11 | $1,945,000 | $176,818 | $1,166 | 4.56% |
| Black | 17 | $1,745,000 | $102,647 | $1,586 | 6.02% |
| American Indian | 4 | $560,000 | $140,000 | $0 | 7.25% |
| Filipino | 2 | $330,000 | $165,000 | $0 | 4.49% |
| Asian Indian | 1 | $205,000 | $205,000 | $0 | 3.99% |
| Native Hawiian | 1 | $135,000 | $135,000 | $0 | 7.75% |
| Japanese | 1 | $105,000 | $105,000 | $0 | 7.75% |
| Other Asian | 1 | $75,000 | $75,000 | $0 | 7.75% |
Approval Rates
Total approvals of all applications87.57%
Farmers Insurance Group Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination91.54%
Farmers Insurance Group Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $55,000 | $55,000 |
| NA | 541 | $110,125,000 | $203,558 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 542 | $110,180,000 | $203,284 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 135 | $20,245,000 | $149,963 | $562 | 6.30% |
| 40-60% | 25 | $6,235,000 | $249,400 | $3,519 | 4.57% |
| 60-80% | 91 | $36,705,000 | $403,352 | $4,285 | 4.43% |
| 80-100% | 53 | $28,225,000 | $532,547 | $6,413 | 4.40% |
| Under 20% | 238 | $18,770,000 | $78,866 | $0 | 5.37% |
