Consumers Professional Credit Union Mortgage Rates, Fees & Info
LANSING, MILEI: 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, Jackson, Kalamazoo, and Holland among others. We have data for 12 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
61Origination Dollar Volume (All Markets)
$5,325,000Top 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) | 23 | $2,095,000 | $91,087 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 19 | $1,335,000 | $70,263 | $0 | 0.00% |
| JACKSON, MI (FHA|USDA|VA) | 6 | $560,000 | $93,333 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $380,000 | $190,000 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Mount Pleasant, MI (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Cadillac, MI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 61 | $5,325,000 | $87,295 | $0 | 0.00% |
For 2019, Consumers Professional Credit Union's most frequently originated type of loan was Conventional, with 61 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 35 | $3,425,000 | $97,857 | $0 | 0.00% |
| Home Purchase | 26 | $1,900,000 | $73,077 | $0 | 0.00% |
For 2019, Consumers Professional Credit Union's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Purchase, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 61 | $5,325,000 | $87,295 | $0 | 0.00% |
For 2019, Consumers Professional Credit Union's most frequently cited loan duration was Other, with 61 originations.
Loan Sizing
2019 saw Consumers Professional Credit Union place emphasis on $100,000 or less loans with 40 originations, totaling $2,000,000 in origination value.
Applicant Income
Consumers Professional Credit Union lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 61 | $5,325,000 | $87,295 | $0 | 0.00% |
Consumers Professional Credit Union lent most frequently to those with DTI ratios of Exempt%, with 61 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 58 | $5,180,000 | $89,310 | $0 | 0.00% |
| Black | 3 | $145,000 | $48,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.39%
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 | 61 | $5,325,000 | $87,295 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $170,000 | $42,500 |
| Single Family (1-4 Units):Site-Built | 57 | $5,155,000 | $90,439 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Consumer Real Estate Finance Co. | FHA mortgage | Closing on a mortgage | 1 | 50.0% |
| Consumer Real Estate Finance Co. | Other type of mortgage | Closing on a mortgage | 1 | 50.0% |