San Joaquin Power Employees Credit Union Mortgage Rates, Fees & Info

Fresno, CA

LEI: 2549007M6CTUCB5K0R54

Tax ID: 94-0837475

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Mortgage Data

Review & Overview

San Joaquin Power Employees Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. San Joaquin Power Employees Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Fresno, Sacramento, Stockton, San Luis Obispo, and Madera among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

San Joaquin Power Employees Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

55

Origination Dollar Volume (All Markets)

$10,985,000

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
FRESNO, CA (FHA|USDA|VA) 18 $3,060,000 $170,000 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 5 $1,215,000 $243,000 $0 0.00%
STOCKTON, CA (FHA|USDA|VA) 5 $955,000 $191,000 $0 0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $900,000 $225,000 $0 0.00%
MADERA, CA (FHA|USDA|VA) 5 $715,000 $143,000 $0 0.00%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $675,000 $675,000 $0 0.00%
BAKERSFIELD, CA (FHA|USDA|VA) 3 $665,000 $221,667 $0 0.00%
MERCED, CA (FHA|USDA|VA) 3 $645,000 $215,000 $0 0.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
VISALIA, CA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
Outside of Metro Areas 2 $310,000 $155,000 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
CHICO, CA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Sonora, CA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
San Joaquin Power Employees Credit Union's top markets include Fresno, Sacramento, Stockton, San Luis Obispo, and Madera among others.

Their top states include:
  • California (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $10,985,000 $199,727 $0 0.00%

    For 2018, San Joaquin Power Employees Credit Union's most frequently originated type of loan was Conventional, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $4,655,000 $310,333 $0 0.00%
    Other 12 $680,000 $56,667 $0 0.00%
    Cash Out Refi 11 $2,805,000 $255,000 $0 0.00%
    Home Improvement 9 $815,000 $90,556 $0 0.00%
    Refi 8 $2,030,000 $253,750 $0 0.00%

    For 2018, San Joaquin Power Employees Credit Union's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Other, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 55 $10,985,000 $199,727 $0 0.00%

    For 2018, San Joaquin Power Employees Credit Union's most frequently cited loan duration was Other, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 25 $7,235,000 $289,400 $0 0.00%
    $100,000 or less 23 $1,395,000 $60,652 $0 0.00%
    $100k-200k 3 $435,000 $145,000 $0 0.00%
    $400k-600k 3 $1,245,000 $415,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2018 saw San Joaquin Power Employees Credit Union place emphasis on $200k-400k loans with 25 originations, totaling $7,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $4,185,000 $199,286 $0 0.00%
    $150k-250k 21 $3,995,000 $190,238 $0 0.00%
    $75k-100k 8 $1,700,000 $212,500 $0 0.00%
    $50k-75k 4 $950,000 $237,500 $0 0.00%
    $50k or less 1 $155,000 $155,000 $0 0.00%

    San Joaquin Power Employees Credit Union lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 55 $10,985,000 $199,727 $0 0.00%

    San Joaquin Power Employees Credit Union lent most frequently to those with DTI ratios of Exempt%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 24 $4,650,000 $193,750 $0 0.00%
    Not provided 20 $4,090,000 $204,500 $0 0.00%
    Not applicable 9 $1,785,000 $198,333 $0 0.00%
    Black 1 $415,000 $415,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    San Joaquin Power Employees Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.09%

    San Joaquin Power Employees Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 55 $10,985,000 $199,727

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $80,000 $40,000
    Single Family (1-4 Units):Site-Built 53 $10,905,000 $205,755