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: Los Angeles, Riverside, Phoenix, San Diego, and San Francisco among others. We have data for 113 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% | 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
542Origination Dollar Volume (All Markets)
$110,180,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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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 | 328 | $83,790,000 | $255,457 | $3,818 | 5.33% |
| HELOC | 214 | $26,390,000 | $123,318 | n/a | 5.29% |
For 2021, Farmers Insurance Group Federal Credit Union's most frequently originated type of loan was Conventional, with 328 originations. Their 2nd most popular type was HELOC, with 214 originations.
Loan Reason
For 2021, Farmers Insurance Group Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 181 originations. The 2nd most popular reason was Other, with 128 originations.
Loan Duration/Length
For 2021, Farmers Insurance Group Federal Credit Union's most frequently cited loan duration was Other, with 214 originations. The 2nd most popular length was 20 Year, with 144 originations.
Origination Fees/Closing Costs
Farmers Insurance Group Federal Credit Union's average total fees were $5,006, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 116 originations.
Interest Rates
During 2021, Farmers Insurance Group Federal Credit Union's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 3-4%, with 217 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications91.11%
Farmers Insurance Group Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination92.62%
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 |