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 Cash Out Refi and Refi loans. The Police Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: San Francisco, Sacramento, Vallejo, Santa Rosa, and San Jose 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 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

225

Origination Dollar Volume (All Markets)

$91,195,000

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) 158 $68,360,000 $432,658 $0 0.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 17 $5,355,000 $315,000 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 14 $4,410,000 $315,000 $0 0.00%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 9 $3,825,000 $425,000 $0 0.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $3,440,000 $573,333 $0 0.00%
NAPA, CA (FHA|USDA|VA) 3 $1,715,000 $571,667 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 3 $855,000 $285,000 $0 0.00%
STOCKTON, CA (FHA|USDA|VA) 4 $820,000 $205,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $820,000 $410,000 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
Clearlake, CA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
YUBA CITY, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
MERCED, CA (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
FRESNO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
The Police Credit Union's top markets include San Francisco, Sacramento, Vallejo, Santa Rosa, and San Jose among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 225 $91,195,000 $405,311 $0 0.00%

    For 2019, The Police Credit Union's most frequently originated type of loan was Conventional, with 225 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 97 $48,275,000 $497,680 $0 0.00%
    Refi 62 $28,450,000 $458,871 $0 0.00%
    Home Improvement 28 $2,890,000 $103,214 $0 0.00%
    Other 22 $3,870,000 $175,909 $0 0.00%
    Home Purchase 16 $7,710,000 $481,875 $0 0.00%

    For 2019, The Police Credit Union's most frequently cited loan purpose was Cash Out Refi, with 97 originations. The 2nd most popular reason was Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 225 $91,195,000 $405,311 $0 0.00%

    For 2019, The Police Credit Union's most frequently cited loan duration was Other, with 225 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 72 $22,080,000 $306,667 $0 0.00%
    $400k-600k 50 $23,210,000 $464,200 $0 0.00%
    $600k-1MM 35 $25,275,000 $722,143 $0 0.00%
    $100,000 or less 28 $1,550,000 $55,357 $0 0.00%
    $100k-200k 27 $4,045,000 $149,815 $0 0.00%
    $1MM+ 13 $15,035,000 $1,156,538 $0 0.00%

    2019 saw The Police Credit Union place emphasis on $200k-400k loans with 72 originations, totaling $22,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 73 $31,105,000 $426,096 $0 0.00%
    $100k-150k 71 $24,415,000 $343,873 $0 0.00%
    $250k+ 36 $22,780,000 $632,778 $0 0.00%
    $75k-100k 25 $6,865,000 $274,600 $0 0.00%
    $50k-75k 15 $3,175,000 $211,667 $0 0.00%
    $50k or less 5 $2,855,000 $571,000 $0 0.00%

    The Police Credit Union lent most frequently to those with incomes in the $150k-250k range, with 73 originations. The second most popular income band? $100k-150k, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 225 $91,195,000 $405,311 $0 0.00%

    The Police Credit Union lent most frequently to those with DTI ratios of Exempt%, with 225 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 141 $56,005,000 $397,199 $0 0.00%
    Asian 34 $17,650,000 $519,118 $0 0.00%
    Not provided 35 $12,525,000 $357,857 $0 0.00%
    Black 10 $3,330,000 $333,000 $0 0.00%
    Filipino 3 $1,175,000 $391,667 $0 0.00%
    Chinese 1 $375,000 $375,000 $0 0.00%
    American Indian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.80%

    The Police Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.11%

    The Police Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 225 $91,195,000 $405,311

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 225 $91,195,000 $405,311