Consumers Professional Credit Union Mortgage Rates, Fees & Info

LANSING, MI

LEI: 5493005ORRKI2S5T8912

Tax ID: 38-1446160

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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.

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Originations

91

Origination Dollar Volume (All Markets)

$6,795,000

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
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%
Consumers Professional Credit Union's top markets include Lansing, Battle Creek, Grand Rapids, Jackson, and Traverse City among others.

Their top states include:
  • Michigan (FHA|USDA|VA)
  • 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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $3,755,000 $51,438 $0 0.00%
    $100k-200k 13 $1,775,000 $136,538 $0 0.00%
    $200k-400k 5 $1,265,000 $253,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $1,545,000 $46,818 $0 0.00%
    $50k-75k 22 $1,820,000 $82,727 $0 0.00%
    $100k-150k 15 $1,395,000 $93,000 $0 0.00%
    $75k-100k 15 $1,425,000 $95,000 $0 0.00%
    $150k-250k 6 $610,000 $101,667 $0 0.00%

    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 applications
    100.00%

    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 origination

    Points 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%