Lps Employees Federal Credit Union Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 254900NSJ1ASOONUCL94

Tax ID: 47-0380194

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 markets by origination volume include: Lincoln, Omaha, and Beatrice among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lps Employees Federal Credit Union has an above average approval rate when compared to the average across all lenders.

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    Originations

    84

    Origination Dollar Volume (All Markets)

    $4,480,000

    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
    LINCOLN, NE (FHA|USDA|VA) 77 $3,955,000 $51,364 $0 0.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $275,000 $91,667 $0 0.00%
    Outside of Metro Areas 2 $190,000 $95,000 $0 0.00%
    Beatrice, NE (FHA|USDA|VA) 2 $60,000 $30,000 $0 0.00%
    Lps Employees Federal Credit Union's top markets include Lincoln, Omaha, and Beatrice among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $4,480,000 $53,333 $0 0.00%

    For 2023, Lps Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 39 $1,995,000 $51,154 $0 0.00%
    Home Improvement 28 $1,030,000 $36,786 $0 0.00%
    Cash Out Refi 10 $520,000 $52,000 $0 0.00%
    Refi 4 $340,000 $85,000 $0 0.00%
    Home Purchase 3 $595,000 $198,333 $0 0.00%

    For 2023, Lps Employees Federal Credit Union's most frequently cited loan purpose was Other, with 39 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 84 $4,480,000 $53,333 $0 0.00%

    For 2023, Lps Employees Federal Credit Union's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $2,965,000 $39,533 $0 0.00%
    $100k-200k 7 $1,045,000 $149,286 $0 0.00%
    $200k-400k 2 $470,000 $235,000 $0 0.00%

    2023 saw Lps Employees Federal Credit Union place emphasis on $100,000 or less loans with 75 originations, totaling $2,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $1,555,000 $62,200 $0 0.00%
    $50k-75k 21 $965,000 $45,952 $0 0.00%
    $150k-250k 20 $1,400,000 $70,000 $0 0.00%
    $75k-100k 16 $510,000 $31,875 $0 0.00%
    $50k or less 2 $50,000 $25,000 $0 0.00%

    Lps Employees Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $4,480,000 $53,333 $0 0.00%

    Lps Employees Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $4,200,000 $52,500 $0 0.00%
    Black 4 $280,000 $70,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 84 $4,480,000 $53,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    84 $4,480,000 $53,333