The Police Credit Union Mortgage Rates, Fees & Info
San Bruno, CALEI: 549300YTDHBD4XHCIR35
Tax ID: 94-1278209
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Police Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. The Police Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Sacramento, Stockton, Vallejo, and Madera among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)The Police 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
81Origination Dollar Volume (All Markets)
$18,625,000Top 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 |
|---|---|---|---|---|---|
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 43 | $12,285,000 | $285,698 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 12 | $2,040,000 | $170,000 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 6 | $1,260,000 | $210,000 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 5 | $705,000 | $141,000 | $0 | 0.00% |
| MADERA, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| CHICO, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $255,000 | $85,000 | $0 | 0.00% |
| Sonora, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $18,625,000 | $229,938 | $0 | 0.00% |
For 2024, The Police Credit Union's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 61 | $8,205,000 | $134,508 | $0 | 0.00% |
| Home Purchase | 19 | $10,265,000 | $540,263 | $0 | 0.00% |
| Refi | 1 | $155,000 | $155,000 | $0 | 0.00% |
For 2024, The Police Credit Union's most frequently cited loan purpose was Cash Out Refi, with 61 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 81 | $18,625,000 | $229,938 | $0 | 0.00% |
For 2024, The Police Credit Union's most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2024 saw The Police Credit Union place emphasis on $100,000 or less loans with 29 originations, totaling $1,955,000 in origination value.
Applicant Income
The Police Credit Union lent most frequently to those with incomes in the $150k-250k range, with 33 originations. The second most popular income band? $100k-150k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 81 | $18,625,000 | $229,938 | $0 | 0.00% |
The Police Credit Union lent most frequently to those with DTI ratios of Exempt%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.29%
The Police Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination80.25%
The Police Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 81 | $18,625,000 | $229,938 |