Farmers Insurance Group Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 549300KPHGEE40YQXO21
Tax ID: 95-1661138
Latest/2024 | 2023 Data | 2022 Data | 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 Other and Home Improvement loans. Farmers Insurance Group Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, San Diego, Phoenix, and Chicago among others. We have data for 98 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers Insurance Group Federal Credit Union has a below 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 a low 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 relatively high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 7.02% | 4/5/25 |
| 30 Year Conventional Purchase | 7.37% | 4/5/25 |
| 30 Year Conventional Refi | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 6.79% | 4/5/25 |
| 15 Year Conventional Purchase | 9.73% | 4/5/25 |
| 15 Year Conventional Refi | 9.09% | 4/5/25 |
| 15 Year Cash-out Refi | 9.09% | 4/5/25 |
| 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. | ||
Farmers Insurance Group Federal Credit Union Mortgage Calculator
Your Estimates
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This is not an official calculator from Farmers Insurance Group Federal Credit Union. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
320Origination Dollar Volume (All Markets)
$51,890,000Relative Rate
Farmers Insurance Group Federal Credit Union's average 30 year fixed mortgage rate was
7.44%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.89%.
Relative Fees (Closing Costs)
Farmers Insurance Group Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,319.
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 $8,356.
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) | 31 | $7,665,000 | $247,258 | $0 | 8.73% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 21 | $3,185,000 | $151,667 | $0 | 9.40% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $2,890,000 | $289,000 | $0 | 9.57% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 17 | $2,465,000 | $145,000 | $0 | 8.85% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 14 | $2,370,000 | $169,286 | $0 | 9.37% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $1,675,000 | $186,111 | $0 | 10.41% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $0 | 8.81% |
| Outside of Metro Areas | 8 | $1,460,000 | $182,500 | $0 | 9.91% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $0 | 9.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $1,400,000 | $175,000 | $2,422 | 8.56% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $0 | 8.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $1,145,000 | $127,222 | $0 | 8.54% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $0 | 7.99% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $0 | 9.43% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $0 | 9.37% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $6,847 | 10.45% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $1,210 | 7.87% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 10 | $740,000 | $74,000 | $0 | 8.17% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,981 | 9.25% |
| STOCKTON, CA (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $0 | 9.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $720,000 | $180,000 | $0 | 8.19% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 9 | $715,000 | $79,444 | $0 | 9.33% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 10.91% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $0 | 10.58% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 6 | $620,000 | $103,333 | $0 | 9.58% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 8.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $490,000 | $122,500 | $0 | 9.31% |
| NAPA, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 9.38% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 5 | $425,000 | $85,000 | $0 | 9.30% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 8.12% |
| LAS CRUCES, NM (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $0 | 8.37% |
| PROVO-OREM, UT (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $2,290 | 10.21% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 11.25% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 8.16% |
| YUMA, AZ (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 11.00% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 9.49% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 9.87% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 8.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 10.00% |
| RAPID CITY, SD (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 7.99% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $2,655 | 9.16% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 9.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 11.12% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 9.87% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 12.24% |
| MERCED, CA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 9.25% |
| SALEM, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 12.50% |
| MADERA, CA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 10.24% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,563 | 9.81% |
| CASPER, WY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 10.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 9.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.25% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 9.99% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 10.63% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 10.25% |
| Meadville, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 8.99% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,096 | 6.63% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 8.49% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.75% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 11.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.99% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 7.49% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 9.63% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 9.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.50% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.49% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 10.37% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 13.25% |
| Duncan, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 16.10% |
| Helena, MT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.99% |
| Silver City, NM (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.25% |
| READING, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 11.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.75% |
| POCATELLO, ID (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 8.00% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 10.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.99% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.99% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 9.99% |
| JONESBORO, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 9.49% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 8.25% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 11.25% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.49% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.50% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.50% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 12.00% |
| Effingham, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 9.99% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 12.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.25% |
| GRANTS PASS, OR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 11.49% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 12.50% |
| MISSOULA, MT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.49% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.50% |
| Batesville, AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 9.25% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.49% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 10.99% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 192 | $30,540,000 | $159,063 | $464 | 9.03% |
| HELOC | 128 | $21,350,000 | $166,797 | n/a | 9.66% |
For 2024, Farmers Insurance Group Federal Credit Union's most frequently originated type of loan was Conventional, with 192 originations. Their 2nd most popular type was HELOC, with 128 originations.
Loan Reason
For 2024, Farmers Insurance Group Federal Credit Union's most frequently cited loan purpose was Other, with 165 originations. The 2nd most popular reason was Home Improvement, with 122 originations.
Loan Duration/Length
For 2024, Farmers Insurance Group Federal Credit Union's most frequently cited loan duration was 20 Year, with 140 originations. The 2nd most popular length was Other, with 129 originations.
Origination Fees/Closing Costs
Farmers Insurance Group Federal Credit Union's average total fees were $5,319, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 93 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 248 | $38,470,000 | $155,121 |
| 7-8% | 59 | $11,485,000 | $194,661 |
| 6-7% | 12 | $1,890,000 | $157,500 |
| 5-6% | 1 | $45,000 | $45,000 |
During 2024, Farmers Insurance Group Federal Credit Union's average interest rate for loans was 7.44%, while their most frequently originated rate bucket for loans was Over 8%, with 248 originations.
Loan Sizing
2024 saw Farmers Insurance Group Federal Credit Union place emphasis on $100,000 or less loans with 124 originations, totaling $7,340,000 in origination value.
Applicant Income
Farmers Insurance Group Federal Credit Union lent most frequently to those with incomes in the $250k+ range, with 115 originations. The second most popular income band? $150k-250k, with 98 originations.
Applicant Debt to Income Ratio
Farmers Insurance Group Federal Credit Union lent most frequently to those with DTI ratios of 50-60%, with 83 originations. The next most common DTI ratio? 20-30%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications66.32%
Farmers Insurance Group Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination99.06%
Farmers Insurance Group Federal Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $205,000 | $205,000 |
| 30.0 | 1 | $45,000 | $45,000 |
| NA | 318 | $51,640,000 | $162,390 |