Purdue Federal Credit Union Mortgage Rates, Fees & Info
West Lafayette, INLEI: 549300U7UH8QCS8WQ406
Tax ID: 35-1163349
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.73% | 11/21/24 |
30 Year Conventional Purchase | 6.55% | 11/21/24 |
30 Year Conventional Refi | 6.48% | 11/21/24 |
30 Year Cash-out Refi | 6.47% | 11/21/24 |
15 Year Conventional Purchase | 5.98% | 11/21/24 |
15 Year Conventional Refi | 6.06% | 11/21/24 |
15 Year Cash-out Refi | 6.06% | 11/21/24 |
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. |
Purdue Federal Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Purdue Federal Credit Union. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,155Origination Dollar Volume (All Markets)
$398,875,000PURDUE FEDERAL CREDIT UNION - 2021
PURDUE FEDERAL CREDIT UNION is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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, KY (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% |
EspaƱola, 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% |
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.
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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
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
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
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
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
2021 saw Purdue Federal Credit Union place emphasis on $100k-200k loans with 737 originations, totaling $106,275,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications90.47%
Purdue Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination83.76%
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 |
LTV Distribution
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% |