Consumers Professional Credit Union Mortgage Rates, Fees & Info
LANSING, MILEI: 5493005ORRKI2S5T8912
Tax ID: 38-1446160
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Consumers Professional Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Consumers Professional Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lansing, Battle Creek, Grand Rapids, Jackson, and Traverse City among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Consumers Professional Credit Union has an above average approval rate when compared to the average across all lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
91Origination Dollar Volume (All Markets)
$6,795,000Top 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 |
|---|---|---|---|---|---|
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 32 | $2,770,000 | $86,563 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 31 | $2,115,000 | $68,226 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 0.00% |
| JACKSON, MI (FHA|USDA|VA) | 6 | $310,000 | $51,667 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $145,000 | $48,333 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 0.00% |
| Hillsdale, MI (FHA|USDA|VA) | 4 | $110,000 | $27,500 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
| MIDLAND, MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $6,795,000 | $74,670 | $0 | 0.00% |
For 2018, Consumers Professional Credit Union's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 52 | $4,000,000 | $76,923 | $0 | 0.00% |
| Home Purchase | 39 | $2,795,000 | $71,667 | $0 | 0.00% |
For 2018, Consumers Professional Credit Union's most frequently cited loan purpose was Refi, with 52 originations. The 2nd most popular reason was Home Purchase, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 91 | $6,795,000 | $74,670 | $0 | 0.00% |
For 2018, Consumers Professional Credit Union's most frequently cited loan duration was Other, with 91 originations.
Loan Sizing
2018 saw Consumers Professional Credit Union place emphasis on $100,000 or less loans with 73 originations, totaling $3,755,000 in origination value.
Applicant Income
Consumers Professional Credit Union lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 91 | $6,795,000 | $74,670 | $0 | 0.00% |
Consumers Professional Credit Union lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 91 | $6,795,000 | $74,670 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Consumers Professional 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 91 | $6,795,000 | $74,670 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 91 | $6,795,000 | $74,670 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Consumer Real Estate Finance Co. | FHA mortgage | Closing on a mortgage | 2 | 66.7% |
| Consumer Real Estate Finance Co. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |