Los Angeles Police Federal Credit Union Mortgage Rates, Fees & Info
Los Angeles, CALEI: 5493002DRIX59V47NM65
Tax ID: 95-1683316
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
535Origination Dollar Volume (All Markets)
$157,515,000Top 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 applications89.31%
Los Angeles Police Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination37.62%
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 |
