Chicago Patrolmen's Federal Credit Union Mortgage Rates, Fees & Info
Chicago, ILLEI: 254900LP2WHZQ61VBS60
Tax ID: 36-2165040
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Chicago Patrolmen's Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Chicago Patrolmen's Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Phoenix, Houston, Minneapolis, and Payson among others. We have data for 11 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
65Origination Dollar Volume (All Markets)
$10,415,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 50 | $7,600,000 | $152,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Payson, AZ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $10,415,000 | $160,231 | $0 | 0.00% |
For 2022, Chicago Patrolmen's Federal Credit Union's most frequently originated type of loan was Conventional, with 65 originations.
Loan Reason
For 2022, Chicago Patrolmen's Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Home Improvement, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $10,415,000 | $160,231 | $0 | 0.00% |
For 2022, Chicago Patrolmen's Federal Credit Union's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2022 saw Chicago Patrolmen's Federal Credit Union place emphasis on $100,000 or less loans with 31 originations, totaling $1,555,000 in origination value.
Applicant Income
Chicago Patrolmen's Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $75k-100k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $10,415,000 | $160,231 | $0 | 0.00% |
Chicago Patrolmen's Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 55 | $8,645,000 | $157,182 | $0 | 0.00% |
| Black | 10 | $1,770,000 | $177,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.67%
Chicago Patrolmen's Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination73.85%
Chicago Patrolmen's Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $10,415,000 | $160,231 |