Los Angeles Police Federal Credit Union Mortgage Rates, Fees & Info
Los Angeles, CALEI: 5493002DRIX59V47NM65
Tax ID: 95-1683316
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Mortgage Data
Review & Overview
Los Angeles Police Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Los Angeles Police Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Riverside, Oxnard, Las Vegas, and San Diego among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)Los Angeles Police Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Los Angeles Police Federal Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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Originations
472Origination Dollar Volume (All Markets)
$92,430,000Awards
LOS ANGELES POLICE Federal Credit Union - 2018
LOS ANGELES POLICE Federal Credit Union is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 290 | $53,620,000 | $184,897 | $6,400 | 5.03% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 71 | $15,385,000 | $216,690 | $8,535 | 4.84% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 24 | $3,410,000 | $142,083 | $14,817 | 5.45% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 12 | $1,920,000 | $160,000 | $4,988 | 4.66% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 6 | $1,540,000 | $256,667 | $3,662 | 4.64% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 3 | $1,405,000 | $468,333 | $3,112 | 4.25% |
| Outside of Metro Areas | 5 | $1,355,000 | $271,000 | $4,266 | 4.33% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 8 | $1,210,000 | $151,250 | $3,559 | 4.58% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $7,765 | 4.54% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 5 | $1,015,000 | $203,000 | $6,223 | 5.02% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $4,522 | 4.68% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $8,880 | 4.22% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $7,384 | 4.88% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,570 | 4.31% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $4,665 | 4.25% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $22,581 | 3.63% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $12,406 | 4.63% |
| Hilo, HI (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,621 | 4.38% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $7,795 | 4.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,677 | 4.50% |
| Outside of Metro Areas | 2 | $420,000 | $210,000 | $3,633 | 5.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,208 | 4.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $9,555 | 4.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,344 | 4.94% |
| BEND, OR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,712 | 4.75% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,700 | 4.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,989 | 5.13% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,101 | 4.75% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,418 | 4.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.99% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $8,965 | 4.50% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.99% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,073 | 3.88% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,092 | 4.50% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,635 | 4.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.37% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $7,764 | 4.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,170 | 4.38% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,790 | 4.50% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,188 | 4.38% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,617 | 4.25% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.74% |
Similar Lenders
We use machine learning to identify the top lenders compared against LOS ANGELES POLICE Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 472 | $92,430,000 | $195,826 | $6,576 | 4.95% |
For 2018, Los Angeles Police Federal Credit Union's most frequently originated type of loan was Conventional, with 472 originations.
Loan Reason
For 2018, Los Angeles Police Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 116 originations. The 2nd most popular reason was Other, with 113 originations.
Loan Duration/Length
For 2018, Los Angeles Police Federal Credit Union's most frequently cited loan duration was 30 Year, with 179 originations. The 2nd most popular length was 20 Year, with 125 originations.
Origination Fees/Closing Costs
Los Angeles Police Federal Credit Union's average total fees were $6,890, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 74 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 247 | $63,465,000 | $256,943 |
| 5-6% | 174 | $16,560,000 | $95,172 |
| 3-4% | 50 | $12,070,000 | $241,400 |
| 2.5-3% | 1 | $335,000 | $335,000 |
During 2018, Los Angeles Police Federal Credit Union's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 247 originations.
Loan Sizing
2018 saw Los Angeles Police Federal Credit Union place emphasis on $100,000 or less loans with 199 originations, totaling $10,485,000 in origination value.
Applicant Income
Los Angeles Police Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 184 originations. The second most popular income band? $150k-250k, with 107 originations.
Applicant Debt to Income Ratio
Los Angeles Police Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 94 originations. The next most common DTI ratio? 20-30%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.68%
Los Angeles Police Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination56.57%
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 |
|---|---|---|---|
| 0.0 | 1 | $75,000 | $75,000 |
| NA | 471 | $92,355,000 | $196,083 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $230,000 | $115,000 |
| Single Family (1-4 Units):Site-Built | 470 | $92,200,000 | $196,170 |