Mostly small loans on homes members already own
Home improvement (32.7%) and refinance (32.3%) make up about two-thirds of its loans, with other purposes at 19.8% and purchases only 15.2%. Its typical loan of $75,000 is lower than at all but a few similar lenders (credit unions making between half and twice as many loans), whose typical loan is $105,000. That mix of smaller loans may be why its dollar total, $92.2 million, sits below theirs although its loan count is higher than about six in ten.