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 Cash Out Refi and Refi 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

    102

    Origination Dollar Volume (All Markets)

    $8,040,000

    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) 98 $7,830,000 $79,898 $0 0.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    Outside of Metro Areas 2 $50,000 $25,000 $0 0.00%
    Lps Employees Federal Credit Union's top markets include Lincoln and Omaha among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $8,040,000 $78,824 $0 0.00%

    For 2021, Lps Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 32 $3,230,000 $100,938 $0 0.00%
    Home Improvement 28 $1,210,000 $43,214 $0 0.00%
    Refi 22 $2,270,000 $103,182 $0 0.00%
    Other 20 $1,330,000 $66,500 $0 0.00%

    For 2021, Lps Employees Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 32 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 102 $8,040,000 $78,824 $0 0.00%

    For 2021, Lps Employees Federal Credit Union's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 71 $3,215,000 $45,282 $0 0.00%
    $100k-200k 26 $3,680,000 $141,538 $0 0.00%
    $200k-400k 5 $1,145,000 $229,000 $0 0.00%

    2021 saw Lps Employees Federal Credit Union place emphasis on $100,000 or less loans with 71 originations, totaling $3,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $2,560,000 $80,000 $0 0.00%
    $100k-150k 30 $2,030,000 $67,667 $0 0.00%
    $75k-100k 18 $1,190,000 $66,111 $0 0.00%
    $50k or less 13 $955,000 $73,462 $0 0.00%
    $150k-250k 9 $1,305,000 $145,000 $0 0.00%

    Lps Employees Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $100k-150k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $8,040,000 $78,824 $0 0.00%

    Lps Employees Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $7,500,000 $78,125 $0 0.00%
    Black 5 $465,000 $93,000 $0 0.00%
    Not provided 1 $75,000 $75,000 $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 102 $8,040,000 $78,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    102 $8,040,000 $78,824