The Police Credit Union Mortgage Rates, Fees & Info
San Bruno, CALEI: 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, Santa Rosa, Sacramento, Vallejo, and Stockton among others. We have data for 20 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
401Origination Dollar Volume (All Markets)
$181,615,000Top 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) | 283 | $140,705,000 | $497,191 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 24 | $9,190,000 | $382,917 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 22 | $6,550,000 | $297,727 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 19 | $6,355,000 | $334,474 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 17 | $5,155,000 | $303,235 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 9 | $4,855,000 | $539,444 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $1,465,000 | $488,333 | $0 | 0.00% |
| NAPA, CA (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $0 | 0.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $810,000 | $405,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Sonora, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $0 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 401 | $181,615,000 | $452,905 | $0 | 0.00% |
For 2020, The Police Credit Union's most frequently originated type of loan was Conventional, with 401 originations.
Loan Reason
For 2020, The Police Credit Union's most frequently cited loan purpose was Cash Out Refi, with 183 originations. The 2nd most popular reason was Refi, with 175 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 401 | $181,615,000 | $452,905 | $0 | 0.00% |
For 2020, The Police Credit Union's most frequently cited loan duration was Other, with 401 originations.
Loan Sizing
2020 saw The Police Credit Union place emphasis on $200k-400k loans with 150 originations, totaling $44,690,000 in origination value.
Applicant Income
The Police Credit Union lent most frequently to those with incomes in the $150k-250k range, with 135 originations. The second most popular income band? $100k-150k, with 130 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 401 | $181,615,000 | $452,905 | $0 | 0.00% |
The Police Credit Union lent most frequently to those with DTI ratios of Exempt%, with 401 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.19%
The Police Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination70.07%
The Police Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 401 | $181,615,000 | $452,905 |