Cp Financial Credit Union Mortgage Rates, Fees & Info
Jackson, MILEI: 549300VFL91481SLWI91
Tax ID: 38-1453620
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Cp Financial Credit Union is a smaller credit union specializing in Home Purchase loans. Cp Financial Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Ann Arbor, and Lansing among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Cp Financial Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
374Origination Dollar Volume (All Markets)
$39,740,000Top 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 |
|---|---|---|---|---|---|
| JACKSON, MI (FHA|USDA|VA) | 257 | $25,645,000 | $99,786 | $0 | 0.00% |
| Outside of Metro Areas | 82 | $9,740,000 | $118,780 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 20 | $2,330,000 | $116,500 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 15 | $2,025,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 374 | $39,740,000 | $106,257 | $0 | 0.00% |
For 2023, Cp Financial Credit Union's most frequently originated type of loan was Conventional, with 374 originations.
Loan Reason
For 2023, Cp Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 107 originations. The 2nd most popular reason was Home Purchase, with 105 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 374 | $39,740,000 | $106,257 | $0 | 0.00% |
For 2023, Cp Financial Credit Union's most frequently cited loan duration was Other, with 374 originations.
Loan Sizing
2023 saw Cp Financial Credit Union place emphasis on $100,000 or less loans with 240 originations, totaling $11,880,000 in origination value.
Applicant Income
Cp Financial Credit Union lent most frequently to those with incomes in the $100k-150k range, with 97 originations. The second most popular income band? $50k-75k, with 93 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 374 | $39,740,000 | $106,257 | $0 | 0.00% |
Cp Financial Credit Union lent most frequently to those with DTI ratios of Exempt%, with 374 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.58%
Cp Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination89.04%
Cp Financial Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 374 | $39,740,000 | $106,257 |