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 Other and Cash Out Refi loans. Chicago Patrolmen's Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Phoenix, Dallas, Michigan City, and Texarkana among others. We have data for 9 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

53

Origination Dollar Volume (All Markets)

$5,805,000

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) 37 $4,175,000 $112,838 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 9 $465,000 $51,667 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Chicago Patrolmen's Federal Credit Union's top markets include Chicago, Phoenix, Dallas, Michigan City, and Texarkana among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $5,805,000 $109,528 $0 0.00%

    For 2021, Chicago Patrolmen's Federal Credit Union's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 25 $1,945,000 $77,800 $0 0.00%
    Home Improvement 12 $630,000 $52,500 $0 0.00%
    Cash Out Refi 11 $2,155,000 $195,909 $0 0.00%
    Refi 4 $630,000 $157,500 $0 0.00%
    Home Purchase 1 $445,000 $445,000 $0 0.00%

    For 2021, Chicago Patrolmen's Federal Credit Union's most frequently cited loan purpose was Other, with 25 originations. The 2nd most popular reason was Home Improvement, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $5,805,000 $109,528 $0 0.00%

    For 2021, Chicago Patrolmen's Federal Credit Union's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $2,220,000 $58,421 $0 0.00%
    $200k-400k 7 $1,735,000 $247,857 $0 0.00%
    $100k-200k 6 $900,000 $150,000 $0 0.00%
    $400k-600k 2 $950,000 $475,000 $0 0.00%

    2021 saw Chicago Patrolmen's Federal Credit Union place emphasis on $100,000 or less loans with 38 originations, totaling $2,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 22 $2,190,000 $99,545 $0 0.00%
    $75k-100k 16 $1,670,000 $104,375 $0 0.00%
    $150k-250k 11 $1,735,000 $157,727 $0 0.00%
    $50k-75k 3 $175,000 $58,333 $0 0.00%
    $250k+ 1 $35,000 $35,000 $0 0.00%

    Chicago Patrolmen's Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $75k-100k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $5,805,000 $109,528 $0 0.00%

    Chicago Patrolmen's Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $4,735,000 $110,116 $0 0.00%
    Black 10 $1,070,000 $107,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.01%

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

    Pick Rate

    Approvals leading to origination
    79.25%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $5,805,000 $109,528

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    53 $5,805,000 $109,528