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 Home Purchase and Cash Out 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, Stockton, and Sacramento among others. We have data for 25 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
197Origination Dollar Volume (All Markets)
$59,175,000Top 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) | 98 | $33,510,000 | $341,939 | $0 | 0.00% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 12 | $4,330,000 | $360,833 | $0 | 0.00% |
| VALLEJO, CA (FHA|USDA|VA) | 12 | $4,040,000 | $336,667 | $0 | 0.00% |
| STOCKTON, CA (FHA|USDA|VA) | 16 | $3,920,000 | $245,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 13 | $2,715,000 | $208,846 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 4 | $1,550,000 | $387,500 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 6 | $1,340,000 | $223,333 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $0 | 0.00% |
| YUBA CITY, CA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| MERCED, CA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $450,000 | $112,500 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Clearlake, CA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 0.00% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| REDDING, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Red Bluff, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Sonora, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 197 | $59,175,000 | $300,381 | $0 | 0.00% |
For 2022, The Police Credit Union's most frequently originated type of loan was Conventional, with 197 originations.
Loan Reason
For 2022, The Police Credit Union's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Home Improvement, with 63 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 197 | $59,175,000 | $300,381 | $0 | 0.00% |
For 2022, The Police Credit Union's most frequently cited loan duration was Other, with 197 originations.
Loan Sizing
2022 saw The Police Credit Union place emphasis on $100k-200k loans with 50 originations, totaling $6,700,000 in origination value.
Applicant Income
The Police Credit Union lent most frequently to those with incomes in the $150k-250k range, with 91 originations. The second most popular income band? $100k-150k, with 53 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 197 | $59,175,000 | $300,381 | $0 | 0.00% |
The Police Credit Union lent most frequently to those with DTI ratios of Exempt%, with 197 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.39%
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 origination77.16%
The Police Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 197 | $59,175,000 | $300,381 |