What loan types does LOC Credit Union offer?

LOC Credit Union offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

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 an overall pricing score of 89.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is LOC Credit Union?

LOC Credit Union is a Independent Mortgage Company headquartered in Farmington, MI.

Unclaimed

LOC Credit Union

Independent Mortgage Company•Farmington, MIHQ•Direct•Reviews near you on Google

LOC Credit Union has 50 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Exceptional

5/5

vs. all lenders

Pull-through

Acceptable

2/5

closing strength

Product

Acceptable

2/5

Conventional

Place

Sound

3/5

Single State · 2 mkts

Summary

What They Do Well

Offers rates 71.30 basis points below market average
Lower than average lender fees

Things to Think About

Pull through efficiency is below industry average

Explore another lender or local market

Report Card

LOC Credit Union performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Exceptional

Rates 71.3 bps below market avg

Pull Through

Closing strength

Acceptable

Bottom 40% of lenders

By Loan Product· Specialization by type

Conventional

Acceptable

Bottom 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Acceptable

Bottom 40% of lenders

Refinance

Acceptable

Bottom 40% of lenders

By Location· Geographic coverage

Geographic Reach

Single State · 2 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Acceptable	Exceptional	Acceptable	50	100.0%	-0.713%Below	$398Fees

Conventional

Overall

Sound

Product

Acceptable

Pricing

Exceptional

Pull Through

Acceptable

Volume50

Mix100.0%

Spread

-0.713%Below

Fees

$398Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Acceptable	Exceptional	Acceptable	35	70.0%	-0.781%Below	$454Fees
Refinance	Acceptable	Acceptable	—	Acceptable	15	30.0%	-0.559%Below	$268Fees

Purchase

Overall

Sound

Product

Acceptable

Pricing

Exceptional

Pull Through

Acceptable

Volume35

Mix70.0%

Spread

-0.781%Below

Fees

$454Fees

Refinance

Overall

Acceptable

Product

Acceptable

Pricing—

Pull Through

Acceptable

Volume15

Mix30.0%

Spread

-0.559%Below

Fees

$268Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

Applications

Volume

$11 million

Pricing & Closing

Avg Rate Spread

-0.713%

vs. market APOR

Avg Net Fees

$398

Origination − Credits

Pullthrough Rate

63.3%

Applications → Closed

Typical Borrower

Avg Loan Amount

$229,600

Avg Borrower Income

$140,860

Avg Property Value

$361,400

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Midwest1

Top Metro Areas by Place Specialization Score

Warren, MIMetro

Volume 30Mix 60.00% of portfolio

61/100

Strong

Detroit, MIMetro

Volume 10Mix 20.00% of portfolio

49/100

Sound

Top States by Place Specialization Score

MichiganState

Volume 50Mix 100.00% of portfolio

63/100

Strong

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.