# LOC Credit Union

> **Canonical URL:** https://saferate.com/lenders/loc-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


LOC Credit Union is a independent mortgage company, headquartered in Farmington, MI, with 50 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 10% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 69% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300ZX2TCCVHMJN581
- **Headquarters:** Farmington, MI
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** MI
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 90/100
- Rating: ●●●●● (5/5)

### Pull Through: Acceptable 🙂
- Score: 31/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.713%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $398
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 50
- **Dollar Volume:** $11 million
- **Applications Received:** 79
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $229,600
- **Average Borrower Income:** $140,860
- **Average Property Value:** $361,400

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 23/100 | 50 | -0.713% | $398 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 35 loans, Score: 23/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 24/100 | 35 | $9M | -0.781% | Acceptable 🙂 |
| Refinance | 24/100 | 15 | $3M | -0.559% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 50 | 0.04% | 63/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Warren | MI | 30 | 61/100 |
| Detroit | MI | 10 | 49/100 |

## Frequently Asked Questions

### What loan types does LOC Credit Union offer?

LOC Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does LOC Credit Union offer mortgages?

LOC Credit Union offers mortgages in 1 states: MI.

### How competitive are LOC Credit Union's mortgage rates?

LOC Credit Union has a pricing score of 90/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.713% below market average.

### What type of lender is LOC Credit Union?

LOC Credit Union is a non-depository lender that specializes in mortgage origination, headquartered in Farmington, MI.

### What is LOC Credit Union's loan approval success rate?

LOC Credit Union has a pull-through score of 31/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/loc-credit-union

### How to Cite

> "LOC Credit Union Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/loc-credit-union

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