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 Home Improvement and Cash Out Refi 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    114

    Origination Dollar Volume (All Markets)

    $5,720,000

    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) 108 $5,430,000 $50,278 $0 0.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $200,000 $50,000 $0 0.00%
    Beatrice, NE (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Outside of Metro Areas 1 $45,000 $45,000 $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 114 $5,720,000 $50,175 $0 0.00%

    For 2019, Lps Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 46 $1,580,000 $34,348 $0 0.00%
    Cash Out Refi 43 $2,665,000 $61,977 $0 0.00%
    Refi 14 $670,000 $47,857 $0 0.00%
    Other 8 $420,000 $52,500 $0 0.00%
    Home Purchase 3 $385,000 $128,333 $0 0.00%

    For 2019, Lps Employees Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 114 $5,720,000 $50,175 $0 0.00%

    For 2019, Lps Employees Federal Credit Union's most frequently cited loan duration was Other, with 114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 105 $4,375,000 $41,667 $0 0.00%
    $100k-200k 8 $1,090,000 $136,250 $0 0.00%
    $200k-400k 1 $255,000 $255,000 $0 0.00%

    2019 saw Lps Employees Federal Credit Union place emphasis on $100,000 or less loans with 105 originations, totaling $4,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $1,940,000 $51,053 $0 0.00%
    $75k-100k 28 $1,320,000 $47,143 $0 0.00%
    $50k-75k 26 $1,060,000 $40,769 $0 0.00%
    $150k-250k 11 $645,000 $58,636 $0 0.00%
    $50k or less 9 $315,000 $35,000 $0 0.00%
    $250k+ 2 $440,000 $220,000 $0 0.00%

    Lps Employees Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $75k-100k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 114 $5,720,000 $50,175 $0 0.00%

    Lps Employees Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 114 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $5,610,000 $51,000 $0 0.00%
    Not provided 2 $60,000 $30,000 $0 0.00%
    Black 2 $50,000 $25,000 $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 114 $5,720,000 $50,175

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 114 $5,720,000 $50,175