# PURDUE

> **Canonical URL:** https://saferate.com/lenders/purdue


> **📋 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


PURDUE is a credit union, headquartered in West Lafayette, IN, serving borrowers across 23 states, with 478 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 21% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 23% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300U7UH8QCS8WQ406
- **Headquarters:** West Lafayette, IN
- **Geographic Reach:** Multi-Region
- **States Served:** 23
- **State List:** AL, AZ, CA, CO, FL, GA, IL, IN, LA, MA, MD, MI, MN, MO, MS, NC, NM, OH, PA, TN, TX, WA, WY
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 79/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 77/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.132%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $781
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 478
- **Dollar Volume:** $141 million
- **Applications Received:** 632
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $295,669
- **Average Borrower Income:** $143,950
- **Average Property Value:** $399,435

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 74/100 | 469 | +0.133% | $782 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 426 loans, Score: 75/100 (Strong)
- Refinance: 43 loans, Score: 60/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 73/100 | 435 | $133M | +0.111% | Strong 😀 |
| Refinance | 58/100 | 43 | $9M | +0.341% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 419 | 0.46% | 80/100 |
| IL | 11 | 0.01% | 39/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Lafayette | IN | 314 | 100/100 |
| Indianapolis | IN | 40 | 58/100 |
| Non |  | 34 | 37/100 |
| Michigan City | IN | 16 | 57/100 |
| Lake County | IN | 13 | 47/100 |

## Where This Lender Ranks

PURDUE appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Lafayette
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders)
- 🥇 **#1** in Michigan City for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/michigan-city/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥉 **#3** in Lafayette for Conventional Loans
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders/conventional-loans)
- 🏆 **#4** in Indiana for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#5** in Indiana Credit Unions
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/credit-unions)
- 🏆 **#8** in Indiana
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders)
- 🏆 **#9** in Michigan City for Conventional Loans
  - [View Full Rankings](https://saferate.com/michigan-city/best-mortgage-lenders/conventional-loans)
- 🏆 **#10** in Indiana for Conventional Loans
  - [View Full Rankings](https://saferate.com/indiana/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does PURDUE offer?

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

### Where does PURDUE offer mortgages?

PURDUE offers mortgages in 23 states: AL, AZ, CA, CO, FL, GA, IL, IN, LA, MA, MD, MI, MN, MO, MS, NC, NM, OH, PA, TN, TX, WA, WY.

### How competitive are PURDUE's mortgage rates?

PURDUE has a pricing score of 79/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.132% above market average.

### What type of lender is PURDUE?

PURDUE is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in West Lafayette, IN.

### What is PURDUE's loan approval success rate?

PURDUE has a pull-through score of 77/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## 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/purdue

### How to Cite

> "PURDUE Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/purdue

---

**[View Interactive Profile →](https://saferate.com/lenders/purdue)**