Los Angeles Police Federal Credit Union Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 5493002DRIX59V47NM65

Tax ID: 95-1683316

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Los Angeles Police Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Los Angeles Police Federal Credit Union has a high proportion of conventional loans. Their top markets include Los Angeles, Riverside, Oxnard, Las Vegas, and San Luis Obispo among others. Los Angeles Police Federal Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

535

Origination Dollar Volume (All Markets)

$157,515,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 322 $95,790,000 $297,484 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 80 $24,260,000 $303,250 $0 0.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 31 $10,695,000 $345,000 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 7 $1,985,000 $283,571 $0 0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $1,960,000 $490,000 $0 0.00%
Outside of Metro Areas 5 $1,625,000 $325,000 $0 0.00%
BOISE CITY, ID (FHA|USDA|VA) 4 $1,350,000 $337,500 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $1,320,000 $330,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,120,000 $280,000 $0 0.00%
BAKERSFIELD, CA (FHA|USDA|VA) 7 $1,095,000 $156,429 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,075,000 $215,000 $0 0.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $1,010,000 $505,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $900,000 $450,000 $0 0.00%
Sandpoint, ID (FHA|USDA|VA) 2 $820,000 $410,000 $0 0.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $795,000 $159,000 $0 0.00%
REDDING, CA (FHA|USDA|VA) 2 $730,000 $365,000 $0 0.00%
ST. GEORGE, UT (FHA|USDA|VA) 2 $680,000 $340,000 $0 0.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
Hilo, HI (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
Outside of Metro Areas 3 $565,000 $188,333 $0 0.00%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $455,000 $151,667 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
RENO, NV (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
WACO, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
Montrose, CO (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
GRANTS PASS, OR (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Show Low, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
MADERA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Taos, NM (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Granbury, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Fernley, NV (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Magnolia, AR (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Clearlake, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
FLINT, MI (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Kalispell, MT (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
MUNCIE, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%

Los Angeles Police Federal Credit Union's top markets include Los Angeles, Riverside, Oxnard, Las Vegas, and San Luis Obispo among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 535 $157,515,000 $294,421 $0 0.00%

For the 2021 period, Los Angeles Police Federal Credit Union's most frequently originated loan type of loans were Conventional, with 535 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 238 $81,250,000 $341,387 $0 0.00%
Refi 190 $54,140,000 $284,947 $0 0.00%
Home Purchase 45 $17,305,000 $384,556 $0 0.00%
Home Improvement 44 $3,310,000 $75,227 $0 0.00%
Other 18 $1,510,000 $83,889 $0 0.00%

For the 2021, Los Angeles Police Federal Credit Union's most frequently cited loan purpose of loans were Cash Out Refi, with 238 originations. The 2nd most popular reason of loans were Refi, with 190 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 535 $157,515,000 $294,421 $0 0.00%

For the 2021, Los Angeles Police Federal Credit Union's most frequently cited loan length of loans were Other, with 535 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 232 $67,820,000 $292,328 $0 0.00%
$400k-600k 114 $55,200,000 $484,211 $0 0.00%
$100k-200k 103 $16,015,000 $155,485 $0 0.00%
$100,000 or less 65 $3,865,000 $59,462 $0 0.00%
$600k-1MM 20 $13,580,000 $679,000 $0 0.00%
$1MM+ 1 $1,035,000 $1,035,000 $0 0.00%

2021 saw Los Angeles Police Federal Credit Union place emphasis on $200k-400k loans with 232 originations, totaling $67,820,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 197 $58,115,000 $295,000 $0 0.00%
$150k-250k 129 $42,645,000 $330,581 $0 0.00%
$75k-100k 105 $28,555,000 $271,952 $0 0.00%
$50k-75k 55 $13,335,000 $242,455 $0 0.00%
$250k+ 30 $11,440,000 $381,333 $0 0.00%
$50k or less 19 $3,425,000 $180,263 $0 0.00%

Los Angeles Police Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 197 originations. The second most popular income band? $150k-250k, with 129 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 149 $42,805,000 $287,282 $0 0.00%
30-36% 91 $28,705,000 $315,440 $0 0.00%
<20% 53 $12,105,000 $228,396 $0 0.00%
40% 24 $8,890,000 $370,417 $0 0.00%
37% 20 $5,750,000 $287,500 $0 0.00%
48% 20 $6,140,000 $307,000 $0 0.00%
39% 18 $5,150,000 $286,111 $0 0.00%
45% 18 $5,410,000 $300,556 $0 0.00%
49% 17 $4,775,000 $280,882 $0 0.00%
38% 17 $4,655,000 $273,824 $0 0.00%
43% 17 $5,605,000 $329,706 $0 0.00%
41% 16 $4,130,000 $258,125 $0 0.00%
50-60% 15 $4,985,000 $332,333 $0 0.00%
46% 14 $4,190,000 $299,286 $0 0.00%
42% 13 $4,315,000 $331,923 $0 0.00%
36% 13 $3,045,000 $234,231 $0 0.00%
44% 11 $3,245,000 $295,000 $0 0.00%
47% 8 $3,320,000 $415,000 $0 0.00%
>60% 1 $295,000 $295,000 $0 0.00%

Los Angeles Police Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 149 originations. The next most common DTI ratio? 30-36%, with 91 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 311 $91,775,000 $295,096 $0 0.00%
Not provided 141 $39,785,000 $282,163 $0 0.00%
Black 46 $15,300,000 $332,609 $0 0.00%
Asian 20 $5,710,000 $285,500 $0 0.00%
American Indian 5 $1,815,000 $363,000 $0 0.00%
Other Asian 4 $1,500,000 $375,000 $0 0.00%
Filipino 4 $1,090,000 $272,500 $0 0.00%
Japanese 2 $440,000 $220,000 $0 0.00%
Korean 1 $65,000 $65,000 $0 0.00%
Native Hawaiian 1 $35,000 $35,000 $0 0.00%

Approval Rates

Total approvals of all applications
89.31%

Los Angeles Police Federal Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
37.62%

Los Angeles Police Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
Exempt 535 $157,515,000 $294,421

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
535 $157,515,000 $294,421