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, Vallejo, Sacramento, and Stockton among others. We have data for 19 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
332Origination Dollar Volume (All Markets)
$148,610,000Top 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) | 223 | $114,045,000 | $511,413 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 17 | $7,155,000 | $420,882 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 20 | $6,910,000 | $345,500 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 21 | $5,595,000 | $266,429 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 11 | $3,045,000 | $276,818 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $0 | 0.00% |
| NAPA, CA (FHA|USDA|VA) | 5 | $1,605,000 | $321,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $1,450,000 | $241,667 | $0 | 0.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $0 | 0.00% |
| MERCED, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 332 | $148,610,000 | $447,620 | $0 | 0.00% |
For 2021, The Police Credit Union's most frequently originated type of loan was Conventional, with 332 originations.
Loan Reason
For 2021, The Police Credit Union's most frequently cited loan purpose was Cash Out Refi, with 154 originations. The 2nd most popular reason was Refi, with 128 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 332 | $148,610,000 | $447,620 | $0 | 0.00% |
For 2021, The Police Credit Union's most frequently cited loan duration was Other, with 332 originations.
Loan Sizing
2021 saw The Police Credit Union place emphasis on $200k-400k loans with 117 originations, totaling $35,065,000 in origination value.
Applicant Income
The Police Credit Union lent most frequently to those with incomes in the $150k-250k range, with 111 originations. The second most popular income band? $100k-150k, with 108 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 332 | $148,610,000 | $447,620 | $0 | 0.00% |
The Police Credit Union lent most frequently to those with DTI ratios of Exempt%, with 332 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.93%
The Police Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination76.81%
The Police Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 332 | $148,610,000 | $447,620 |