The Police Credit Union Mortgage Rates, Fees & Info

San Bruno, CA

LEI: 549300YTDHBD4XHCIR35

Tax ID: 94-1278209

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Mortgage Data

Review & Overview

The Police Credit Union is a smaller credit union specializing in Home Purchase loans. The Police Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Vallejo, Santa Rosa, Riverside, and Sacramento among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Police 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.

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Originations

126

Origination Dollar Volume (All Markets)

$33,450,000

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
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 55 $17,255,000 $313,727 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 10 $2,870,000 $287,000 $0 0.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 8 $2,320,000 $290,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $1,875,000 $208,333 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $1,565,000 $223,571 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 7 $1,565,000 $223,571 $0 0.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $1,440,000 $240,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $1,345,000 $192,143 $0 0.00%
STOCKTON, CA (FHA|USDA|VA) 6 $1,260,000 $210,000 $0 0.00%
SALINAS, CA (FHA|USDA|VA) 1 $895,000 $895,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 2 $120,000 $60,000 $0 0.00%
REDDING, CA (FHA|USDA|VA) 2 $110,000 $55,000 $0 0.00%
VISALIA, CA (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
YUBA CITY, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Outside of Metro Areas 1 $45,000 $45,000 $0 0.00%
The Police Credit Union's top markets include San Francisco, Vallejo, Santa Rosa, Riverside, and Sacramento among others.

Their top states include:
  • California (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $33,450,000 $265,476 $0 0.00%

    For 2023, The Police Credit Union's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 51 $6,665,000 $130,686 $0 0.00%
    Home Purchase 45 $23,755,000 $527,889 $0 0.00%
    Other 16 $1,910,000 $119,375 $0 0.00%
    Home Improvement 12 $1,010,000 $84,167 $0 0.00%
    Refi 2 $110,000 $55,000 $0 0.00%

    For 2023, The Police Credit Union's most frequently cited loan purpose was Cash Out Refi, with 51 originations. The 2nd most popular reason was Home Purchase, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $33,450,000 $265,476 $0 0.00%

    For 2023, The Police Credit Union's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,820,000 $61,304 $0 0.00%
    $100k-200k 34 $4,510,000 $132,647 $0 0.00%
    $400k-600k 17 $8,735,000 $513,824 $0 0.00%
    $600k-1MM 17 $12,445,000 $732,059 $0 0.00%
    $200k-400k 10 $2,620,000 $262,000 $0 0.00%
    $1MM+ 2 $2,320,000 $1,160,000 $0 0.00%

    2023 saw The Police Credit Union place emphasis on $100,000 or less loans with 46 originations, totaling $2,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 59 $15,765,000 $267,203 $0 0.00%
    $100k-150k 30 $5,530,000 $184,333 $0 0.00%
    $250k+ 20 $9,490,000 $474,500 $0 0.00%
    $75k-100k 14 $1,700,000 $121,429 $0 0.00%
    $50k-75k 2 $240,000 $120,000 $0 0.00%

    The Police Credit Union lent most frequently to those with incomes in the $150k-250k range, with 59 originations. The second most popular income band? $100k-150k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $33,450,000 $265,476 $0 0.00%

    The Police Credit Union lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $15,025,000 $246,311 $0 0.00%
    Not provided 39 $10,755,000 $275,769 $0 0.00%
    Asian 15 $5,295,000 $353,000 $0 0.00%
    Asian Indian 1 $1,085,000 $1,085,000 $0 0.00%
    Black 6 $680,000 $113,333 $0 0.00%
    American Indian 2 $410,000 $205,000 $0 0.00%
    Native Hawaiian or Islander 1 $155,000 $155,000 $0 0.00%
    Other Asian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.86%

    The Police Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.22%

    The Police Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $33,450,000 $265,476

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    126 $33,450,000 $265,476