Farmers Insurance Group Federal Credit Union Mortgage Rates, Fees & Info
Burbank, CALEI: 549300KPHGEE40YQXO21
Tax ID: 95-1661138
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Mortgage Data
Review & 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 by origination volume include: San Francisco, Los Angeles, Las Vegas, Minneapolis, and San Jose among others. We have data for 61 markets. (Some data included below & more in-depth data is available with an active subscription.)Farmers Insurance Group Federal Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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% | 12/16/24 |
| 30 Year Conventional Purchase | 6.32% | 12/16/24 |
| 30 Year Conventional Refi | 6.85% | 12/16/24 |
| 30 Year Cash-out Refi | 6.74% | 12/16/24 |
| 15 Year Conventional Purchase | 5.97% | 12/16/24 |
| 15 Year Conventional Refi | 6.74% | 12/16/24 |
| 15 Year Cash-out Refi | 6.74% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
225Origination Dollar Volume (All Markets)
$43,705,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 67 | $6,135,000 | $91,567 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 14 | $4,370,000 | $312,143 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 13 | $3,835,000 | $295,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $2,360,000 | $590,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 7 | $1,705,000 | $243,571 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,445,000 | $481,667 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $1,325,000 | $189,286 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 8 | $1,250,000 | $156,250 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 4 | $1,160,000 | $290,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 9 | $1,025,000 | $113,889 | $0 | 0.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| CHICO, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| MERCED, CA (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 225 | $43,705,000 | $194,244 | $0 | 0.00% |
For 2019, Farmers Insurance Group Federal Credit Union's most frequently originated type of loan was Conventional, with 225 originations.
Loan Reason
For 2019, Farmers Insurance Group Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Other, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 225 | $43,705,000 | $194,244 | $0 | 0.00% |
For 2019, Farmers Insurance Group Federal Credit Union's most frequently cited loan duration was Other, with 225 originations.
Loan Sizing
2019 saw Farmers Insurance Group Federal Credit Union place emphasis on $100,000 or less loans with 97 originations, totaling $5,375,000 in origination value.
Applicant Income
Farmers Insurance Group Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 71 originations. The second most popular income band? $150k-250k, with 59 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 225 | $43,705,000 | $194,244 | $0 | 0.00% |
Farmers Insurance Group Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 225 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.99%
Farmers Insurance Group Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination93.78%
Farmers Insurance Group Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 225 | $43,705,000 | $194,244 |