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

Los Angeles, CA

LEI: 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 Refi 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 Luis Obispo among others. We have data for 54 markets. (Some data included below & more in-depth data is available with an active subscription.)

Los Angeles Police Federal Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

535

Origination Dollar Volume (All Markets)

$157,515,000

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
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.

Their top states include:
  • California (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • 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.

    Christian Community Credit Union
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    Product Mix

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

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Los Angeles Police Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 238 originations. The 2nd most popular reason was 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 2021, Los Angeles Police Federal Credit Union's most frequently cited loan duration was 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 or Islander 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.46%

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

    Pick Rate

    Approvals leading to origination
    37.94%

    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