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, Other, and Cash Out 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

    75

    Origination Dollar Volume (All Markets)

    $3,925,000

    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) 73 $3,815,000 $52,260 $0 0.00%
    Outside of Metro Areas 1 $75,000 $75,000 $0 0.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $35,000 $35,000 $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 75 $3,925,000 $52,333 $0 0.00%

    For 2022, Lps Employees Federal Credit Union's most frequently originated type of loan was Conventional, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 34 $1,450,000 $42,647 $0 0.00%
    Other 23 $1,155,000 $50,217 $0 0.00%
    Cash Out Refi 15 $1,105,000 $73,667 $0 0.00%
    Refi 3 $215,000 $71,667 $0 0.00%

    For 2022, Lps Employees Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 34 originations. The 2nd most popular reason was Other, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 75 $3,925,000 $52,333 $0 0.00%

    For 2022, Lps Employees Federal Credit Union's most frequently cited loan duration was Other, with 75 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 67 $2,785,000 $41,567 $0 0.00%
    $100k-200k 7 $925,000 $132,143 $0 0.00%
    $200k-400k 1 $215,000 $215,000 $0 0.00%

    2022 saw Lps Employees Federal Credit Union place emphasis on $100,000 or less loans with 67 originations, totaling $2,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $805,000 $38,333 $0 0.00%
    $50k-75k 21 $955,000 $45,476 $0 0.00%
    $75k-100k 17 $995,000 $58,529 $0 0.00%
    $150k-250k 13 $1,025,000 $78,846 $0 0.00%
    $50k or less 3 $145,000 $48,333 $0 0.00%

    Lps Employees Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 21 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% 75 $3,925,000 $52,333 $0 0.00%

    Lps Employees Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 75 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 70 $3,650,000 $52,143 $0 0.00%
    Black 4 $240,000 $60,000 $0 0.00%
    Other Asian 1 $35,000 $35,000 $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 75 $3,925,000 $52,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    75 $3,925,000 $52,333