Chicago Patrolmen's Federal Credit Union Mortgage Rates, Fees & Info

Chicago, IL

LEI: 254900LP2WHZQ61VBS60

Tax ID: 36-2165040

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Mortgage Data

Review & Overview

Chicago Patrolmen's Federal Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Chicago Patrolmen's Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Charleston, Riverside, Springfield, and Miami among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Chicago Patrolmen's Federal Credit Union has an 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

75

Origination Dollar Volume (All Markets)

$10,225,000

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 69 $9,385,000 $136,014 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Outside of Metro Areas 1 $165,000 $165,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
LANCASTER, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Chicago Patrolmen's Federal Credit Union's top markets include Chicago, Charleston, Riverside, Springfield, and Miami among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $10,225,000 $136,333 $0 0.00%

    For 2018, Chicago Patrolmen's Federal Credit Union's most frequently originated type of loan was Conventional, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 37 $6,005,000 $162,297 $0 0.00%
    Home Improvement 16 $920,000 $57,500 $0 0.00%
    Home Purchase 12 $2,370,000 $197,500 $0 0.00%
    Other 6 $230,000 $38,333 $0 0.00%
    Cash Out Refi 4 $700,000 $175,000 $0 0.00%

    For 2018, Chicago Patrolmen's Federal Credit Union's most frequently cited loan purpose was Refi, with 37 originations. The 2nd most popular reason was Home Improvement, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 75 $10,225,000 $136,333 $0 0.00%

    For 2018, Chicago Patrolmen's Federal Credit Union's most frequently cited loan duration was Other, with 75 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 34 $4,830,000 $142,059 $0 0.00%
    $100,000 or less 26 $1,190,000 $45,769 $0 0.00%
    $200k-400k 15 $4,205,000 $280,333 $0 0.00%

    2018 saw Chicago Patrolmen's Federal Credit Union place emphasis on $100k-200k loans with 34 originations, totaling $4,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 29 $3,865,000 $133,276 $0 0.00%
    $100k-150k 17 $2,565,000 $150,882 $0 0.00%
    $150k-250k 15 $2,185,000 $145,667 $0 0.00%
    $50k-75k 9 $965,000 $107,222 $0 0.00%
    $50k or less 3 $165,000 $55,000 $0 0.00%
    $250k+ 2 $480,000 $240,000 $0 0.00%

    Chicago Patrolmen's Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 29 originations. The second most popular income band? $100k-150k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 75 $10,225,000 $136,333 $0 0.00%

    Chicago Patrolmen's Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $8,740,000 $140,968 $0 0.00%
    Black 13 $1,485,000 $114,231 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.03%

    Chicago Patrolmen's Federal Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.00%

    Chicago Patrolmen's Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 75 $10,225,000 $136,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 75 $10,225,000 $136,333