Purdue Federal Credit Union Mortgage Rates, Fees & Info

West Lafayette, IN

LEI: 549300U7UH8QCS8WQ406

Tax ID: 35-1163349

5 stars - out of 5 stars, based on 46 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Purdue Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Purdue Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Indianapolis, Chicago, Michigan City, and Frankfort among others. We have data for 129 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Purdue Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Purdue Federal Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.88% 3/19/23
    30 Year Conventional Purchase 6.45% 3/19/23
    30 Year Conventional Refi 6.42% 3/19/23
    30 Year Cash-out Refi 6.52% 3/19/23
    15 Year Conventional Purchase 5.99% 3/19/23
    15 Year Conventional Refi 5.94% 3/19/23
    15 Year Cash-out Refi 5.94% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    2,155

    Origination Dollar Volume (All Markets)

    $398,875,000
    Show all (9) awards

    Relative Rate

    Purdue Federal Credit Union's average 30 year fixed mortgage rate was 2.97%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.18%.

    Relative Fees (Closing Costs)

    Purdue Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,613.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1,546 $279,730,000 $180,938 $2,311 3.10%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 119 $23,715,000 $199,286 $2,246 3.19%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 81 $14,065,000 $173,642 $3,057 3.10%
    Outside of Metro Areas 70 $11,650,000 $166,429 $2,181 3.07%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 46 $5,930,000 $128,913 $2,328 3.38%
    Frankfort, IN (FHA|USDA|VA) 39 $5,205,000 $133,462 $2,429 3.05%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $3,640,000 $910,000 $5,687 3.31%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $2,560,000 $320,000 $4,425 2.94%
    Crawfordsville, IN (FHA|USDA|VA) 17 $2,265,000 $133,235 $2,471 2.99%
    FORT WAYNE, IN (FHA|USDA|VA) 7 $2,185,000 $312,143 $2,057 2.75%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $1,615,000 $230,714 $3,398 3.18%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 10 $1,600,000 $160,000 $2,720 3.07%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,470,000 $367,500 $5,615 2.44%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $1,450,000 $362,500 $2,646 3.19%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,345,000 $269,000 $2,643 2.85%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 11 $1,145,000 $104,091 $2,242 3.09%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,125,000 $375,000 $4,310 2.96%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,030,000 $257,500 $5,674 2.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $8,465 3.25%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $960,000 $480,000 $7,717 2.63%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $910,000 $455,000 $5,867 2.50%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 5 $905,000 $181,000 $4,182 2.78%
    RALEIGH-CARY, NC (FHA|USDA|VA) 4 $860,000 $215,000 $3,757 3.47%
    LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 4 $860,000 $215,000 $2,515 3.09%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $790,000 $197,500 $3,408 2.47%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $780,000 $390,000 $3,106 3.00%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 3 $775,000 $258,333 $3,211 2.92%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $660,000 $330,000 $3,561 2.50%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $660,000 $330,000 $5,182 2.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $650,000 $325,000 $3,553 2.56%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $645,000 $645,000 $4,503 2.38%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $625,000 $625,000 $9,416 3.00%
    BLOOMINGTON, IN (FHA|USDA|VA) 3 $615,000 $205,000 $2,542 2.21%
    NILES, MI (FHA|USDA|VA) 3 $585,000 $195,000 $2,782 2.96%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $575,000 $575,000 $3,780 2.75%
    TERRE HAUTE, IN (FHA|USDA|VA) 3 $565,000 $188,333 $2,183 2.46%
    PEORIA, IL (FHA|USDA|VA) 2 $560,000 $280,000 $2,143 2.50%
    Española, NM (FHA|USDA|VA) 1 $545,000 $545,000 $4,032 2.75%
    GAINESVILLE, FL (FHA|USDA|VA) 2 $540,000 $270,000 $3,276 2.56%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $530,000 $265,000 $4,118 2.88%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $520,000 $260,000 $3,580 2.81%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $515,000 $171,667 $3,890 2.67%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $505,000 $505,000 $2,939 3.25%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $475,000 $475,000 $4,677 3.00%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $470,000 $235,000 $6,507 3.31%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $445,000 $445,000 $2,966 2.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $435,000 $435,000 $2,021 3.13%
    STOCKTON, CA (FHA|USDA|VA) 1 $425,000 $425,000 $4,117 3.00%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 1 $425,000 $425,000 $2,825 2.38%
    Wabash, IN (FHA|USDA|VA) 2 $420,000 $210,000 $2,687 2.63%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $420,000 $210,000 $3,872 3.06%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $415,000 $415,000 $5,010 2.88%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $395,000 $395,000 $2,423 3.13%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $390,000 $195,000 $3,550 2.75%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $390,000 $195,000 $3,637 2.69%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 5 $385,000 $77,000 $2,451 3.15%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $385,000 $385,000 $4,356 2.88%
    Plymouth, IN (FHA|USDA|VA) 2 $370,000 $185,000 $5,006 3.38%
    KOKOMO, IN (FHA|USDA|VA) 7 $365,000 $52,143 $1,349 3.55%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $355,000 $355,000 $3,960 2.75%
    Athens, OH (FHA|USDA|VA) 1 $345,000 $345,000 $4,427 2.50%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $335,000 $335,000 $3,393 3.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $335,000 $335,000 $3,981 3.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $325,000 $108,333 $2,655 3.21%
    TOLEDO, OH (FHA|USDA|VA) 1 $315,000 $315,000 $4,621 2.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $305,000 $305,000 $3,657 3.25%
    Logansport, IN (FHA|USDA|VA) 3 $305,000 $101,667 $2,017 2.83%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $305,000 $305,000 $2,291 2.88%
    Easton, MD (FHA|USDA|VA) 1 $295,000 $295,000 $5,929 2.75%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $295,000 $295,000 $4,087 3.00%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $285,000 $285,000 $1,992 2.38%
    ROANOKE, VA (FHA|USDA|VA) 1 $285,000 $285,000 $3,001 2.75%
    WENATCHEE, WA (FHA|USDA|VA) 1 $275,000 $275,000 $4,703 3.13%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $275,000 $275,000 $4,480 3.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $275,000 $275,000 $2,962 2.75%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $270,000 $135,000 $2,152 3.69%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $270,000 $135,000 $3,529 2.56%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $265,000 $265,000 $2,117 3.13%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $245,000 $245,000 $2,848 2.75%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $245,000 $245,000 $2,957 3.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $235,000 $235,000 $2,914 2.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,548 2.25%
    Bozeman, MT (FHA|USDA|VA) 1 $235,000 $235,000 $6,928 2.25%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,553 2.38%
    Marion, IN (FHA|USDA|VA) 2 $230,000 $115,000 $2,072 3.50%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $225,000 $225,000 $3,285 2.25%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $225,000 $225,000 $4,691 3.00%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $215,000 $215,000 $2,702 2.88%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,745 2.88%
    BOISE CITY, ID (FHA|USDA|VA) 1 $205,000 $205,000 $4,028 2.88%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $205,000 $205,000 $3,229 2.25%
    LINCOLN, NE (FHA|USDA|VA) 1 $195,000 $195,000 $10,928 2.25%
    MUNCIE, IN (FHA|USDA|VA) 2 $190,000 $95,000 $1,744 2.56%
    KANKAKEE, IL (FHA|USDA|VA) 1 $185,000 $185,000 $3,116 2.88%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $185,000 $185,000 $2,773 2.25%
    TUCSON, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $2,381 2.38%
    VICTORIA, TX (FHA|USDA|VA) 1 $175,000 $175,000 $2,837 2.38%
    SPRINGFIELD, IL (FHA|USDA|VA) 2 $170,000 $85,000 $2,964 3.13%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,739 2.88%
    OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,935 3.00%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,508 2.88%
    Brookings, SD (FHA|USDA|VA) 1 $155,000 $155,000 $2,406 2.75%
    Warrensburg, MO (FHA|USDA|VA) 1 $155,000 $155,000 $2,154 2.25%
    Tifton, GA (FHA|USDA|VA) 1 $145,000 $145,000 $3,320 2.25%
    TULSA, OK (FHA|USDA|VA) 1 $145,000 $145,000 $3,420 2.38%
    Macomb, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,174 3.25%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $145,000 $145,000 $2,009 2.25%
    Brainerd, MN (FHA|USDA|VA) 1 $145,000 $145,000 $3,373 2.25%
    Bluffton, IN (FHA|USDA|VA) 1 $145,000 $145,000 $3,752 3.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $355 5.65%
    Warsaw, IN (FHA|USDA|VA) 2 $130,000 $65,000 $1,868 2.50%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,216 3.63%
    WICHITA, KS (FHA|USDA|VA) 1 $125,000 $125,000 $1,533 2.38%
    Peru, IN (FHA|USDA|VA) 1 $115,000 $115,000 $1,883 3.00%
    Oxford, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.00%
    DANVILLE, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,169 2.50%
    RICHMOND, VA (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.25%
    Roseburg, OR (FHA|USDA|VA) 1 $95,000 $95,000 $2,960 2.25%
    BAY CITY, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,291 3.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $95,000 $95,000 $6,015 2.25%
    COLUMBUS, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,117 2.25%
    RAPID CITY, SD (FHA|USDA|VA) 1 $85,000 $85,000 $2,701 2.50%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $75,000 $75,000 $2,488 2.75%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $75,000 $75,000 $1,375 2.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $75,000 $75,000 $2,206 2.38%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $65,000 $65,000 $2,245 2.13%
    MADISON, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.25%
    Adrian, MI (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.25%
    ROCHESTER, MN (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.25%
    Purdue Federal Credit Union's top markets include Lafayette, Indianapolis, Chicago, Michigan City, and Frankfort among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PURDUE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    Security Federal Savings Bank
    Similarity Rank: 238
    The Riddell National Bank
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    Mutual Savings Bank
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    The Fountain Trust Company
    Similarity Rank: 483
    Independent Federal Credit Union
    Similarity Rank: 560
    Madison County Federal Credit Union
    Similarity Rank: 784
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 861
    First Financial Credit Union
    Similarity Rank: 1090

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,617 $352,565,000 $218,036 $2,475 2.96%
    HELOC 538 $46,310,000 $86,078 n/a 3.46%

    For 2021, Purdue Federal Credit Union's most frequently originated type of loan was Conventional, with 1,617 originations. Their 2nd most popular type was HELOC, with 538 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 789 $203,355,000 $257,738 $2,550 2.98%
    Refi 566 $104,670,000 $184,929 $2,394 2.79%
    Home Improvement 329 $22,695,000 $68,982 $607 3.62%
    Cash Out Refi 278 $53,990,000 $194,209 $3,231 2.81%
    Other 193 $14,165,000 $73,394 $205 3.90%

    For 2021, Purdue Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 789 originations. The 2nd most popular reason was Refi, with 566 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 796 $192,920,000 $242,362 $2,613 2.97%
    15 Year 548 $115,710,000 $211,150 $2,437 2.79%
    Other 544 $46,780,000 $85,993 $0 3.48%
    10 Year 121 $15,655,000 $129,380 $1,886 3.20%
    20 Year 98 $19,160,000 $195,510 $2,676 2.90%
    5 Year 30 $870,000 $29,000 $224 4.37%
    30+ year 15 $7,545,000 $503,000 $5,449 3.29%
    1 Year 3 $235,000 $78,333 $0 3.83%

    For 2021, Purdue Federal Credit Union's most frequently cited loan duration was 30 Year, with 796 originations. The 2nd most popular length was 15 Year, with 548 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,060 $210,880,000 $198,943
    $1k-2k 322 $70,610,000 $219,286
    $2k-3k 101 $24,735,000 $244,901
    $3k-4k 37 $7,295,000 $197,162
    $5k+ 22 $7,550,000 $343,182
    $4k-5k 20 $5,090,000 $254,500

    Purdue Federal Credit Union's average total fees were $2,613, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,060 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 867 $144,195,000 $166,315
    2.5-3% 686 $156,900,000 $228,717
    <2.5% 476 $91,210,000 $191,618
    4-5% 68 $3,510,000 $51,618
    5-6% 56 $2,980,000 $53,214
    6-7% 2 $80,000 $40,000

    During 2021, Purdue Federal Credit Union's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 3-4%, with 867 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 737 $106,275,000 $144,199 $2,418 2.92%
    $100,000 or less 651 $35,675,000 $54,800 $1,249 3.54%
    $200k-400k 632 $169,700,000 $268,513 $2,826 2.84%
    $400k-600k 99 $46,395,000 $468,636 $3,434 2.94%
    $600k-1MM 27 $18,775,000 $695,370 $4,307 2.98%
    $1MM+ 9 $22,055,000 $2,450,556 $6,472 3.43%

    2021 saw Purdue Federal Credit Union place emphasis on $100k-200k loans with 737 originations, totaling $106,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 522 $101,230,000 $193,927 $2,613 3.12%
    $75k-100k 422 $70,060,000 $166,019 $2,383 3.00%
    $50k-75k 418 $57,330,000 $137,153 $2,255 3.08%
    $150k-250k 336 $78,440,000 $233,452 $2,942 3.05%
    $50k or less 286 $31,310,000 $109,476 $1,943 3.10%
    $250k+ 92 $32,010,000 $347,935 $3,317 2.89%

    Purdue Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 522 originations. The second most popular income band? $75k-100k, with 422 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 607 $108,265,000 $178,361 $2,477 3.02%
    <20% 435 $69,505,000 $159,782 $2,417 2.88%
    30-36% 365 $66,635,000 $182,562 $2,495 3.09%
    40% 59 $13,715,000 $232,458 $2,509 3.11%
    43% 58 $10,290,000 $177,414 $2,811 3.13%
    41% 55 $10,455,000 $190,091 $3,065 3.22%
    36% 55 $9,655,000 $175,545 $1,950 3.36%
    38% 53 $10,475,000 $197,642 $2,278 3.16%
    37% 53 $7,785,000 $146,887 $2,528 3.13%
    42% 52 $9,590,000 $184,423 $2,791 3.16%
    39% 51 $9,145,000 $179,314 $2,349 3.11%
    50-60% 42 $6,180,000 $147,143 $1,142 3.92%
    44% 39 $7,845,000 $201,154 $2,450 3.09%
    49% 34 $7,230,000 $212,647 $2,502 3.24%
    45% 34 $5,460,000 $160,588 $2,743 3.22%
    48% 33 $6,065,000 $183,788 $2,361 3.08%
    46% 32 $6,420,000 $200,625 $2,752 3.13%
    47% 31 $6,955,000 $224,355 $2,618 3.28%
    >60% 10 $670,000 $67,000 $0 3.65%

    Purdue Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 607 originations. The next most common DTI ratio? <20%, with 435 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,753 $302,765,000 $172,712 $2,404 3.11%
    Not provided 178 $34,540,000 $194,045 $2,654 2.94%
    Asian 117 $24,905,000 $212,863 $2,839 2.73%
    Not applicable 52 $24,810,000 $477,115 $0 3.62%
    Black 33 $6,055,000 $183,485 $2,694 3.25%
    American Indian 8 $1,730,000 $216,250 $2,622 3.08%
    Asian Indian 4 $1,640,000 $410,000 $4,075 2.72%
    Chinese 5 $1,215,000 $243,000 $3,465 2.75%
    Filipino 1 $655,000 $655,000 $6,998 2.75%
    Native Hawaiian or Islander 1 $225,000 $225,000 $2,415 2.88%
    Other Asian 2 $180,000 $90,000 $3,420 3.19%
    Korean 1 $155,000 $155,000 $4,580 2.38%

    Approval Rates

    Total approvals of all applications
    90.47%

    Purdue Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.76%

    Purdue Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,155 $398,875,000 $185,093

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,155 $398,875,000 $185,093

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 309 $27,705,000 $89,660 $1,575 3.42%
    40-60% 360 $64,540,000 $179,278 $2,441 2.77%
    60-80% 681 $167,005,000 $245,235 $2,869 2.85%
    80-100% 493 $126,715,000 $257,028 $2,582 2.95%
    Under 20% 308 $11,990,000 $38,929 $114 3.86%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Peer Advisors, LLC Conventional home mortgage Struggling to pay mortgage 2 6.9%
    Peer Advisors, LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.4%
    Peer Advisors, LLC Reverse mortgage Closing on a mortgage 4 13.8%
    Peer Advisors, LLC Reverse mortgage Struggling to pay mortgage 9 31.0%
    Peer Advisors, LLC Reverse mortgage Trouble during payment process 13 44.8%