Cp Financial Credit Union Mortgage Rates, Fees & Info
Jackson, MILEI: 549300VFL91481SLWI91
Tax ID: 38-1453620
Latest/2024 | 2023 Data | 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, Detroit, Lansing, and Kalamazoo among others. We have data for 6 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
412Origination Dollar Volume (All Markets)
$42,830,000Top Markets
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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) | 266 | $26,880,000 | $101,053 | $0 | 0.00% |
| Outside of Metro Areas | 59 | $7,825,000 | $132,627 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 35 | $4,065,000 | $116,143 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 35 | $2,515,000 | $71,857 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 16 | $1,400,000 | $87,500 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 412 | $42,830,000 | $103,956 | $0 | 0.00% |
For 2024, Cp Financial Credit Union's most frequently originated type of loan was Conventional, with 412 originations.
Loan Reason
For 2024, Cp Financial Credit Union's most frequently cited loan purpose was Home Improvement, with 140 originations. The 2nd most popular reason was Other, with 138 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 412 | $42,830,000 | $103,956 | $0 | 0.00% |
For 2024, Cp Financial Credit Union's most frequently cited loan duration was Other, with 412 originations.
Loan Sizing
2024 saw Cp Financial Credit Union place emphasis on $100,000 or less loans with 277 originations, totaling $13,475,000 in origination value.
Applicant Income
Cp Financial Credit Union lent most frequently to those with incomes in the $50k-75k range, with 113 originations. The second most popular income band? $100k-150k, with 97 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 412 | $42,830,000 | $103,956 | $0 | 0.00% |
Cp Financial Credit Union lent most frequently to those with DTI ratios of Exempt%, with 412 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.62%
Cp Financial Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination88.11%
Cp Financial Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 412 | $42,830,000 | $103,956 |