Lps Employees Federal Credit Union Mortgage Rates, Fees & Info
Lincoln, NELEI: 254900NSJ1ASOONUCL94
Tax ID: 47-0380194
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Lps Employees Federal Credit Union is a smaller credit union specializing in Other and Home Improvement loans. Lps Employees Federal Credit Union has a high proportion of conventional loans. Their top two markets are Lincoln and Omaha .Lps Employees Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
86Origination Dollar Volume (All Markets)
$5,150,000Top 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 |
|---|---|---|---|---|---|
| LINCOLN, NE (FHA|USDA|VA) | 84 | $5,110,000 | $60,833 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 86 | $5,150,000 | $59,884 | $0 | 0.00% |
For 2024, Lps Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 86 originations.
Loan Reason
For 2024, Lps Employees Federal Credit Union's most frequently cited loan purpose was Other, with 36 originations. The 2nd most popular reason was Home Improvement, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 86 | $5,150,000 | $59,884 | $0 | 0.00% |
For 2024, Lps Employees Federal Credit Union's most frequently cited loan duration was Other, with 86 originations.
Loan Sizing
2024 saw Lps Employees Federal Credit Union place emphasis on $100,000 or less loans with 76 originations, totaling $3,580,000 in origination value.
Applicant Income
Lps Employees Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 86 | $5,150,000 | $59,884 | $0 | 0.00% |
Lps Employees Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 86 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 82 | $4,850,000 | $59,146 | $0 | 0.00% |
| Black | 3 | $235,000 | $78,333 | $0 | 0.00% |
| American Indian | 1 | $65,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Lps Employees Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 86 | $5,150,000 | $59,884 |