Esb Financial Mortgage Rates, Fees & Info
Emporia, KSLEI: 54930011U6TQ5MJCDV15
Tax ID: 48-0209570
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Mortgage Data
Review & Overview
Esb Financial is a smaller mortgage company specializing in Home Purchase and Refi loans. Esb Financial has a high proportion of conventional loans. Their top markets by origination volume include: Emporia, Manhattan, Kansas City, Topeka, and Dodge City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Esb Financial has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Esb Financial is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.74% | 12/16/24 |
| 30 Year Conventional Refi | 6.70% | 12/16/24 |
| 15 Year Conventional Purchase | 6.61% | 12/16/24 |
| 15 Year Conventional Refi | 6.52% | 12/16/24 |
| 15 Year Cash-out Refi | 6.52% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Esb Financial Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
112Origination Dollar Volume (All Markets)
$21,540,000Awards
ESB Financial - 2023
ESB Financial is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Esb Financial's average 30 year fixed mortgage rate was
6.52%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.04%.
Relative Fees (Closing Costs)
Esb Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $1,892.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top 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 |
|---|---|---|---|---|---|
| Emporia, KS (FHA|USDA|VA) | 81 | $11,755,000 | $145,123 | $1,631 | 7.06% |
| Outside of Metro Areas | 7 | $4,045,000 | $577,857 | $1,876 | 6.60% |
| MANHATTAN, KS (FHA|USDA|VA) | 13 | $3,075,000 | $236,538 | $2,402 | 6.76% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $2,141 | 6.40% |
| TOPEKA, KS (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $1,296 | 7.06% |
| Dodge City, KS (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $1,803 | 7.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against ESB Financial based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 112 | $21,540,000 | $192,321 | $1,711 | 6.97% |
For 2023, Esb Financial's most frequently originated type of loan was Conventional, with 112 originations.
Loan Reason
For 2023, Esb Financial's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
For 2023, Esb Financial's most frequently cited loan duration was 30 Year, with 52 originations. The 2nd most popular length was 20 Year, with 25 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 70 | $14,260,000 | $203,714 |
| $2k-3k | 1 | $235,000 | $235,000 |
Esb Financial's average total fees were $1,892, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 70 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 62 | $14,340,000 | $231,290 |
| 7-8% | 23 | $2,475,000 | $107,609 |
| Over 8% | 15 | $1,095,000 | $73,000 |
| 5-6% | 11 | $2,375,000 | $215,909 |
| 3-4% | 1 | $1,255,000 | $1,255,000 |
During 2023, Esb Financial's average interest rate for loans was 6.52%, while their most frequently originated rate bucket for loans was 6-7%, with 62 originations.
Loan Sizing
2023 saw Esb Financial place emphasis on $100,000 or less loans with 42 originations, totaling $2,610,000 in origination value.
Applicant Income
Esb Financial lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
Esb Financial lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.32%
Esb Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.54%
Esb Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 112 | $21,540,000 | $192,321 |