Omaha Police Federal Credit Union Mortgage Rates, Fees & Info
Omaha, NELEI: 54930092UGT1EDCMDP54
Tax ID: 47-0446720
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Mortgage Data
Review & Overview
Omaha Police Federal Credit Union is a smaller credit union specializing in Cash Out Refi loans. Omaha Police Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Omaha.Omaha Police Federal Credit Union has an above average approval rate when compared to the average across all lenders.
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Originations
21Origination Dollar Volume (All Markets)
$3,485,000Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 21 | $3,485,000 | $165,952 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 21 | $3,485,000 | $165,952 | $0 | 0.00% |
For 2020, Omaha Police Federal Credit Union's most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
For 2020, Omaha Police Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 14 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 21 | $3,485,000 | $165,952 | $0 | 0.00% |
For 2020, Omaha Police Federal Credit Union's most frequently cited loan duration was Other, with 21 originations.
Loan Sizing
2020 saw Omaha Police Federal Credit Union place emphasis on $100k-200k loans with 14 originations, totaling $2,150,000 in origination value.
Applicant Income
Omaha Police Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $150k-250k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 21 | $3,485,000 | $165,952 | $0 | 0.00% |
Omaha Police Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 21 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 21 | $3,485,000 | $165,952 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.45%
Omaha Police Federal 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 | 21 | $3,485,000 | $165,952 |