Emm Loans Mortgage Rates, Fees & Info

Cherry Hill, NJ

LEI: 549300EMNDEK4BA8WB53

Tax ID: 54-2070914

3.1 stars - Updated: 6/9/24 - out of 5 stars, based on 63 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Emm Loans is a small mortgage company specializing in Home Purchase loans. Emm Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Boston, New York, Lebanon, and Virginia Beach among others. We have data for 276 markets. (Some data included below & more in-depth data is available with an active subscription.)

Emm Loans has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Emm Loans is typically a high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.72% 6/9/24
30 Year Conventional Refi 6.74% 6/9/24
30 Year FHA Purchase 7.22% 6/9/24
30 Year FHA Refi 6.81% 6/9/24
30 Year VA Purchase 6.15% 6/9/24
30 Year VA Refi 6.28% 6/9/24
30 Year USDA Purchase 6.63% 6/9/24
15 Year Conventional Purchase 6.00% 6/9/24
15 Year Conventional Refi 6.20% 6/9/24
15 Year Cash-out Refi 6.20% 6/9/24
15 Year FHA Refi 7.04% 6/9/24
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.

Emm Loans Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Emm Loans. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,982

Origination Dollar Volume (All Markets)

$1,218,440,000
Show all (14) awards

Relative Rate

Emm Loans's average 30 year fixed mortgage rate was 6.62%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.14%.

Relative Fees (Closing Costs)

Emm Loans's average total fees/closing costs for a 30 year fixed rate mortgage were $10,552.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 480 $149,030,000 $310,479 $10,881 6.47%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 232 $112,480,000 $484,828 $10,988 6.96%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 198 $84,620,000 $427,374 $14,611 6.77%
Lebanon, NH-VT (FHA|USDA|VA) 181 $56,915,000 $314,448 $6,359 6.94%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 136 $41,750,000 $306,985 $9,901 6.48%
JACKSONVILLE, FL (FHA|USDA|VA) 108 $40,430,000 $374,352 $11,992 6.63%
Outside of Metro Areas 178 $35,520,000 $199,551 $7,582 6.61%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 83 $29,625,000 $356,928 $9,549 6.85%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 89 $28,525,000 $320,506 $9,528 6.47%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 84 $26,480,000 $315,238 $6,416 7.17%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 69 $23,395,000 $339,058 $13,519 6.57%
LANCASTER, PA (FHA|USDA|VA) 98 $23,280,000 $237,551 $7,847 6.07%
PORT ST. LUCIE, FL (FHA|USDA|VA) 101 $21,965,000 $217,475 $7,929 4.98%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 43 $19,675,000 $457,558 $14,726 6.49%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 59 $19,575,000 $331,780 $10,302 5.57%
WORCESTER, MA-CT (FHA|USDA|VA) 54 $18,510,000 $342,778 $10,219 6.81%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 46 $17,790,000 $386,739 $15,831 6.33%
LOUISVILLE, KY (FHA|USDA|VA) 81 $15,325,000 $189,198 $6,325 6.08%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 69 $14,885,000 $215,725 $8,275 5.96%
LEBANON, PA (FHA|USDA|VA) 89 $14,595,000 $163,989 $6,617 5.57%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 45 $13,485,000 $299,667 $13,081 6.51%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 39 $12,325,000 $316,026 $14,657 6.37%
YORK-HANOVER, PA (FHA|USDA|VA) 58 $11,740,000 $202,414 $8,542 5.74%
RALEIGH-CARY, NC (FHA|USDA|VA) 27 $11,715,000 $433,889 $16,363 5.97%
Concord, NH (FHA|USDA|VA) 32 $11,210,000 $350,313 $6,253 6.92%
DOVER, DE (FHA|USDA|VA) 26 $10,610,000 $408,077 $12,786 6.35%
LYNCHBURG, VA (FHA|USDA|VA) 42 $10,040,000 $239,048 $7,355 6.68%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 32 $9,430,000 $294,688 $11,745 6.92%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 33 $9,415,000 $285,303 $7,529 6.95%
Mount Airy, NC (FHA|USDA|VA) 35 $9,175,000 $262,143 $8,668 6.81%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 21 $9,105,000 $433,571 $14,883 6.00%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 50 $8,980,000 $179,600 $7,827 6.77%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 30 $8,340,000 $278,000 $10,730 7.01%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 20 $7,930,000 $396,500 $15,103 6.54%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 15 $7,785,000 $519,000 $9,748 6.78%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 23 $7,005,000 $304,565 $12,366 6.47%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 25 $6,935,000 $277,400 $11,600 6.32%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 17 $6,925,000 $407,353 $11,015 6.09%
Laconia, NH (FHA|USDA|VA) 22 $6,730,000 $305,909 $9,538 6.89%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 27 $6,515,000 $241,296 $6,362 7.39%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 18 $6,280,000 $348,889 $8,455 6.94%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 14 $6,240,000 $445,714 $8,893 7.12%
St. Marys, GA (FHA|USDA|VA) 20 $5,870,000 $293,500 $8,826 6.72%
SPRINGFIELD, MA (FHA|USDA|VA) 17 $5,125,000 $301,471 $8,160 6.91%
READING, PA (FHA|USDA|VA) 20 $4,920,000 $246,000 $9,745 6.16%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 16 $4,890,000 $305,625 $7,250 6.97%
OCEAN CITY, NJ (FHA|USDA|VA) 12 $4,690,000 $390,833 $9,944 7.08%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 14 $4,530,000 $323,571 $13,118 6.54%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 18 $4,450,000 $247,222 $12,775 6.54%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 18 $4,310,000 $239,444 $11,726 6.62%
RICHMOND, VA (FHA|USDA|VA) 12 $4,030,000 $335,833 $8,287 6.77%
Key West, FL (FHA|USDA|VA) 5 $3,895,000 $779,000 $15,506 6.87%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 14 $3,860,000 $275,714 $13,868 6.22%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 15 $3,785,000 $252,333 $7,040 5.80%
SALISBURY, MD-DE (FHA|USDA|VA) 13 $3,735,000 $287,308 $11,758 6.55%
PUNTA GORDA, FL (FHA|USDA|VA) 10 $3,580,000 $358,000 $11,507 7.65%
COLUMBUS, OH (FHA|USDA|VA) 12 $3,350,000 $279,167 $6,350 6.99%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 8 $3,290,000 $411,250 $10,474 5.94%
Barre, VT (FHA|USDA|VA) 11 $3,285,000 $298,636 $6,280 7.07%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 11 $3,205,000 $291,364 $16,073 6.39%
PITTSBURGH, PA (FHA|USDA|VA) 15 $3,205,000 $213,667 $9,941 6.68%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $3,140,000 $785,000 $30,281 5.81%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 13 $3,135,000 $241,154 $14,076 5.98%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 8 $3,060,000 $382,500 $21,564 6.17%
GREENVILLE, NC (FHA|USDA|VA) 9 $2,865,000 $318,333 $8,920 5.89%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 13 $2,815,000 $216,538 $8,824 5.91%
Keene, NH (FHA|USDA|VA) 10 $2,610,000 $261,000 $7,393 6.77%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $2,545,000 $282,778 $8,681 7.05%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 10 $2,480,000 $248,000 $9,882 6.89%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 7 $2,435,000 $347,857 $6,651 6.77%
EAST STROUDSBURG, PA (FHA|USDA|VA) 7 $2,415,000 $345,000 $11,853 7.16%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $2,330,000 $582,500 $17,271 6.78%
WINSTON-SALEM, NC (FHA|USDA|VA) 9 $2,285,000 $253,889 $11,440 6.35%
HUNTSVILLE, AL (FHA|USDA|VA) 6 $2,280,000 $380,000 $9,907 6.12%
Bennington, VT (FHA|USDA|VA) 8 $2,210,000 $276,250 $8,986 7.03%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $2,200,000 $275,000 $11,267 6.80%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 10 $2,110,000 $211,000 $6,436 6.69%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 7 $2,075,000 $296,429 $18,802 6.16%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 10 $2,030,000 $203,000 $10,215 7.11%
Rutland, VT (FHA|USDA|VA) 7 $2,015,000 $287,857 $9,097 6.45%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 8 $1,970,000 $246,250 $10,758 6.28%
BRUNSWICK, GA (FHA|USDA|VA) 4 $1,920,000 $480,000 $7,735 6.91%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 8 $1,920,000 $240,000 $12,652 5.95%
Cambridge, MD (FHA|USDA|VA) 8 $1,900,000 $237,500 $9,087 6.81%
MONTGOMERY, AL (FHA|USDA|VA) 6 $1,900,000 $316,667 $9,356 6.52%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 8 $1,850,000 $231,250 $14,378 6.41%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 5 $1,835,000 $367,000 $11,328 7.30%
FAYETTEVILLE, NC (FHA|USDA|VA) 6 $1,690,000 $281,667 $14,844 6.13%
GETTYSBURG, PA (FHA|USDA|VA) 5 $1,635,000 $327,000 $12,403 6.52%
BATON ROUGE, LA (FHA|USDA|VA) 9 $1,525,000 $169,444 $6,939 7.00%
WARNER ROBINS, GA (FHA|USDA|VA) 7 $1,515,000 $216,429 $7,080 6.80%
ROANOKE, VA (FHA|USDA|VA) 6 $1,380,000 $230,000 $7,225 6.56%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,370,000 $342,500 $18,591 6.25%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 5 $1,355,000 $271,000 $12,705 6.73%
ALTOONA, PA (FHA|USDA|VA) 8 $1,350,000 $168,750 $6,836 6.64%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 5 $1,295,000 $259,000 $15,758 6.48%
OCALA, FL (FHA|USDA|VA) 6 $1,290,000 $215,000 $8,742 6.81%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 5 $1,255,000 $251,000 $14,241 6.10%
COLUMBIA, SC (FHA|USDA|VA) 5 $1,155,000 $231,000 $14,664 6.10%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $1,130,000 $188,333 $11,178 6.15%
Berlin, NH (FHA|USDA|VA) 4 $1,130,000 $282,500 $7,563 6.69%
Kinston, NC (FHA|USDA|VA) 5 $1,095,000 $219,000 $7,444 6.55%
COLUMBUS, GA-AL (FHA|USDA|VA) 3 $1,095,000 $365,000 $14,925 6.29%
LaGrange, GA-AL (FHA|USDA|VA) 5 $1,095,000 $219,000 $5,816 6.42%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,090,000 $272,500 $11,256 6.40%
PANAMA CITY, FL (FHA|USDA|VA) 6 $1,050,000 $175,000 $9,068 4.25%
GAINESVILLE, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $9,106 7.75%
NEW BERN, NC (FHA|USDA|VA) 4 $1,020,000 $255,000 $11,893 6.69%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 5 $1,005,000 $201,000 $7,847 7.20%
Okeechobee, FL (FHA|USDA|VA) 5 $1,005,000 $201,000 $13,751 5.03%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $985,000 $328,333 $11,899 5.42%
WILMINGTON, NC (FHA|USDA|VA) 3 $965,000 $321,667 $15,117 6.67%
ASHEVILLE, NC (FHA|USDA|VA) 3 $955,000 $318,333 $17,476 6.58%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 4 $930,000 $232,500 $11,929 6.59%
Easton, MD (FHA|USDA|VA) 2 $920,000 $460,000 $6,721 6.38%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 3 $915,000 $305,000 $6,938 6.00%
STATE COLLEGE, PA (FHA|USDA|VA) 4 $890,000 $222,500 $9,466 6.34%
SPARTANBURG, SC (FHA|USDA|VA) 4 $850,000 $212,500 $14,360 6.41%
AKRON, OH (FHA|USDA|VA) 4 $810,000 $202,500 $13,483 6.56%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 4 $810,000 $202,500 $9,329 6.09%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $770,000 $192,500 $13,215 6.13%
SAVANNAH, GA (FHA|USDA|VA) 3 $765,000 $255,000 $7,870 7.46%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $755,000 $251,667 $7,013 6.42%
PITTSFIELD, MA (FHA|USDA|VA) 2 $730,000 $365,000 $4,655 7.88%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $730,000 $365,000 $12,407 6.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $725,000 $725,000 $13,426 7.13%
Statesboro, GA (FHA|USDA|VA) 3 $715,000 $238,333 $8,293 6.92%
New Castle, PA (FHA|USDA|VA) 4 $700,000 $175,000 $9,300 6.31%
KNOXVILLE, TN (FHA|USDA|VA) 3 $685,000 $228,333 $14,374 6.38%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $685,000 $228,333 $9,726 6.08%
GRANTS PASS, OR (FHA|USDA|VA) 2 $660,000 $330,000 $23,954 6.19%
GREELEY, CO (FHA|USDA|VA) 3 $635,000 $211,667 $11,019 5.83%
Vineyard Haven, MA (FHA|USDA|VA) 1 $635,000 $635,000 $40,576 6.13%
Alexander City, AL (FHA|USDA|VA) 2 $620,000 $310,000 $4,676 6.75%
JACKSON, TN (FHA|USDA|VA) 3 $555,000 $185,000 $12,816 6.25%
TUCSON, AZ (FHA|USDA|VA) 3 $555,000 $185,000 $12,910 5.92%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $555,000 $185,000 $9,524 7.17%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $550,000 $275,000 $12,637 6.81%
TOLEDO, OH (FHA|USDA|VA) 3 $545,000 $181,667 $6,433 6.50%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $540,000 $270,000 $11,405 6.88%
Palatka, FL (FHA|USDA|VA) 2 $540,000 $270,000 $9,769 7.44%
Bardstown, KY (FHA|USDA|VA) 3 $535,000 $178,333 $6,030 5.58%
MERCED, CA (FHA|USDA|VA) 2 $530,000 $265,000 $15,056 6.19%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $520,000 $130,000 $9,761 7.19%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $515,000 $171,667 $10,310 6.92%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $515,000 $515,000 $30,701 5.13%
Richmond-Berea, KY (FHA|USDA|VA) 4 $490,000 $122,500 $4,014 6.13%
Lumberton, NC (FHA|USDA|VA) 3 $485,000 $161,667 $10,631 6.13%
FORT WAYNE, IN (FHA|USDA|VA) 3 $475,000 $158,333 $10,951 6.00%
Sevierville, TN (FHA|USDA|VA) 1 $475,000 $475,000 $27,155 5.88%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $465,000 $465,000 $0 7.88%
DULUTH, MN-WI (FHA|USDA|VA) 2 $450,000 $225,000 $15,313 6.13%
ROME, GA (FHA|USDA|VA) 2 $450,000 $225,000 $13,293 5.94%
Lock Haven, PA (FHA|USDA|VA) 2 $450,000 $225,000 $3,495 7.25%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $450,000 $225,000 $9,618 7.63%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $440,000 $220,000 $13,687 6.06%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $435,000 $435,000 $25,383 6.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $425,000 $425,000 $20,598 5.75%
STOCKTON, CA (FHA|USDA|VA) 1 $425,000 $425,000 $11,853 6.50%
Hudson, NY (FHA|USDA|VA) 1 $425,000 $425,000 $16,944 6.13%
GREEN BAY, WI (FHA|USDA|VA) 2 $420,000 $210,000 $14,262 6.25%
ROCKFORD, IL (FHA|USDA|VA) 2 $420,000 $210,000 $14,139 6.25%
Torrington, CT (FHA|USDA|VA) 1 $415,000 $415,000 $16,020 7.63%
Lewisburg, PA (FHA|USDA|VA) 2 $410,000 $205,000 $11,026 6.25%
BAKERSFIELD, CA (FHA|USDA|VA) 2 $400,000 $200,000 $12,929 6.19%
GLENS FALLS, NY (FHA|USDA|VA) 2 $400,000 $200,000 $6,575 6.81%
Warsaw, IN (FHA|USDA|VA) 2 $400,000 $200,000 $11,985 6.00%
MEDFORD, OR (FHA|USDA|VA) 2 $390,000 $195,000 $14,647 6.13%
ROCHESTER, MN (FHA|USDA|VA) 2 $390,000 $195,000 $14,062 6.44%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $385,000 $385,000 $7,348 6.50%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $385,000 $385,000 $6,025 6.50%
JACKSON, MS (FHA|USDA|VA) 2 $380,000 $190,000 $7,830 6.38%
VALDOSTA, GA (FHA|USDA|VA) 2 $380,000 $190,000 $10,046 6.63%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $375,000 $375,000 $13,953 5.63%
IOWA CITY, IA (FHA|USDA|VA) 1 $355,000 $355,000 $24,504 6.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $355,000 $355,000 $14,032 6.88%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $350,000 $175,000 $12,929 5.88%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 2 $350,000 $175,000 $13,387 6.69%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $350,000 $175,000 $11,607 5.56%
PUEBLO, CO (FHA|USDA|VA) 2 $350,000 $175,000 $11,674 5.81%
BOULDER, CO (FHA|USDA|VA) 1 $345,000 $345,000 $19,882 5.75%
FRESNO, CA (FHA|USDA|VA) 1 $345,000 $345,000 $20,572 6.50%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 3 $335,000 $111,667 $3,884 4.54%
DECATUR, AL (FHA|USDA|VA) 2 $330,000 $165,000 $5,867 7.19%
Gloversville, NY (FHA|USDA|VA) 2 $320,000 $160,000 $7,647 7.56%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $315,000 $315,000 $15,609 6.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $21,549 6.88%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $310,000 $155,000 $4,903 6.18%
VISALIA, CA (FHA|USDA|VA) 1 $305,000 $305,000 $18,521 6.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $18,661 5.75%
CEDAR RAPIDS, IA (FHA|USDA|VA) 2 $300,000 $150,000 $10,463 6.06%
MODESTO, CA (FHA|USDA|VA) 1 $295,000 $295,000 $17,685 5.88%
Marshall, MN (FHA|USDA|VA) 1 $295,000 $295,000 $16,739 5.88%
MOBILE, AL (FHA|USDA|VA) 1 $285,000 $285,000 $17,435 5.25%
Pottsville, PA (FHA|USDA|VA) 1 $275,000 $275,000 $7,253 6.38%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $275,000 $275,000 $10,774 7.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $275,000 $275,000 $10,021 5.75%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $275,000 $275,000 $20,230 5.75%
ANN ARBOR, MI (FHA|USDA|VA) 1 $265,000 $265,000 $4,374 7.38%
Montrose, CO (FHA|USDA|VA) 1 $265,000 $265,000 $19,150 6.25%
Frankfort, KY (FHA|USDA|VA) 2 $260,000 $130,000 $5,368 5.50%
Jackson, OH (FHA|USDA|VA) 1 $255,000 $255,000 $17,870 7.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $14,416 6.25%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $245,000 $245,000 $19,675 6.25%
STAUNTON, VA (FHA|USDA|VA) 1 $245,000 $245,000 $10,791 6.25%
Albertville, AL (FHA|USDA|VA) 1 $235,000 $235,000 $17,235 5.75%
Greeneville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $15,441 6.25%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $235,000 $235,000 $3,792 6.63%
North Wilkesboro, NC (FHA|USDA|VA) 2 $230,000 $115,000 $6,350 7.06%
Sunbury, PA (FHA|USDA|VA) 2 $230,000 $115,000 $6,390 6.88%
Adrian, MI (FHA|USDA|VA) 1 $225,000 $225,000 $3,421 6.99%
Brevard, NC (FHA|USDA|VA) 1 $225,000 $225,000 $14,925 5.50%
Marion, OH (FHA|USDA|VA) 1 $225,000 $225,000 $15,755 6.75%
Seymour, IN (FHA|USDA|VA) 1 $225,000 $225,000 $7,162 5.75%
Washington, IN (FHA|USDA|VA) 1 $225,000 $225,000 $12,131 7.63%
Wilson, NC (FHA|USDA|VA) 1 $225,000 $225,000 $14,641 5.38%
BAY CITY, MI (FHA|USDA|VA) 1 $215,000 $215,000 $15,456 6.25%
HAMMOND, LA (FHA|USDA|VA) 1 $215,000 $215,000 $13,589 5.75%
Crescent City, CA (FHA|USDA|VA) 1 $215,000 $215,000 $13,295 5.38%
CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $215,000 $215,000 $11,808 6.99%
HOT SPRINGS, AR (FHA|USDA|VA) 1 $215,000 $215,000 $14,140 5.88%
Cullman, AL (FHA|USDA|VA) 1 $215,000 $215,000 $15,874 5.38%
Mayfield, KY (FHA|USDA|VA) 1 $215,000 $215,000 $13,678 5.88%
Scottsburg, IN (FHA|USDA|VA) 1 $205,000 $205,000 $13,245 5.25%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $205,000 $205,000 $12,551 5.75%
London, KY (FHA|USDA|VA) 1 $205,000 $205,000 $13,042 6.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $205,000 $205,000 $11,948 5.88%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $205,000 $205,000 $14,210 6.75%
Fort Morgan, CO (FHA|USDA|VA) 1 $195,000 $195,000 $13,870 5.88%
Corinth, MS (FHA|USDA|VA) 1 $195,000 $195,000 $8,783 6.63%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $195,000 $195,000 $10,707 6.13%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $195,000 $195,000 $13,149 5.75%
Selinsgrove, PA (FHA|USDA|VA) 1 $195,000 $195,000 $14,166 5.75%
GAINESVILLE, GA (FHA|USDA|VA) 1 $195,000 $195,000 $9,688 6.88%
Kendallville, IN (FHA|USDA|VA) 1 $195,000 $195,000 $9,133 5.38%
Georgetown, SC (FHA|USDA|VA) 1 $185,000 $185,000 $9,430 6.00%
Martinsville, VA (FHA|USDA|VA) 1 $185,000 $185,000 $6,613 6.88%
Crossville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $10,458 6.88%
Newberry, SC (FHA|USDA|VA) 1 $185,000 $185,000 $11,857 5.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $13,352 6.25%
Douglas, GA (FHA|USDA|VA) 1 $175,000 $175,000 $12,887 6.50%
Taylorville, IL (FHA|USDA|VA) 1 $175,000 $175,000 $11,713 5.75%
KOKOMO, IN (FHA|USDA|VA) 1 $175,000 $175,000 $8,098 5.88%
ALBANY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $10,141 5.25%
Brownsville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $12,061 7.13%
Cedartown, GA (FHA|USDA|VA) 1 $175,000 $175,000 $10,150 6.88%
Forest City, NC (FHA|USDA|VA) 1 $175,000 $175,000 $9,152 5.88%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $175,000 $175,000 $13,050 6.50%
Mount Vernon, OH (FHA|USDA|VA) 1 $165,000 $165,000 $9,755 6.13%
HATTIESBURG, MS (FHA|USDA|VA) 1 $165,000 $165,000 $11,781 6.25%
Alice, TX (FHA|USDA|VA) 1 $165,000 $165,000 $9,549 6.88%
Fergus Falls, MN (FHA|USDA|VA) 1 $165,000 $165,000 $11,804 6.25%
DOTHAN, AL (FHA|USDA|VA) 1 $165,000 $165,000 $4,298 5.75%
BECKLEY, WV (FHA|USDA|VA) 1 $155,000 $155,000 $7,164 6.50%
Carroll, IA (FHA|USDA|VA) 1 $155,000 $155,000 $11,057 6.88%
EL CENTRO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $8,456 7.63%
Athens, TN (FHA|USDA|VA) 1 $155,000 $155,000 $11,696 6.88%
Salem, OH (FHA|USDA|VA) 1 $155,000 $155,000 $9,049 6.88%
Danville, VA (FHA|USDA|VA) 1 $145,000 $145,000 $6,575 5.75%
Elizabeth City, NC (FHA|USDA|VA) 1 $145,000 $145,000 $2,838 7.50%
Sanford, NC (FHA|USDA|VA) 1 $145,000 $145,000 $10,785 6.00%
Bluefield, WV-VA (FHA|USDA|VA) 1 $145,000 $145,000 $7,364 7.13%
BINGHAMTON, NY (FHA|USDA|VA) 1 $145,000 $145,000 $6,635 8.13%
Zanesville, OH (FHA|USDA|VA) 1 $145,000 $145,000 $11,655 6.25%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $145,000 $145,000 $11,478 6.25%
Moultrie, GA (FHA|USDA|VA) 1 $135,000 $135,000 $9,184 5.75%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $135,000 $135,000 $10,747 6.50%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $135,000 $135,000 $9,381 6.25%
JACKSON, MI (FHA|USDA|VA) 1 $135,000 $135,000 $6,020 5.88%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $135,000 $135,000 $10,660 5.75%
MIDLAND, MI (FHA|USDA|VA) 1 $125,000 $125,000 $6,779 7.50%
Holland, MI (FHA|USDA|VA) 1 $115,000 $115,000 $7,525 6.50%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $115,000 $115,000 $3,138 6.63%
Somerset, PA (FHA|USDA|VA) 1 $105,000 $105,000 $5,048 6.63%
BANGOR, ME (FHA|USDA|VA) 1 $105,000 $105,000 $5,155 6.88%
Huntingdon, PA (FHA|USDA|VA) 1 $85,000 $85,000 $5,038 6.75%
Emm Loans's top markets include Philadelphia, Boston, New York, Lebanon, and Virginia Beach among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,350 $721,180,000 $306,885 $7,704 6.62%
    FHA 1,246 $365,130,000 $293,042 $14,232 6.32%
    VA 315 $118,675,000 $376,746 $12,411 6.34%
    USDA 71 $13,455,000 $189,507 $7,519 6.41%

    For 2023, Emm Loans's most frequently originated type of loan was Conventional, with 2,350 originations. Their 2nd most popular type was FHA, with 1,246 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 3,217 $1,021,545,000 $317,546 $9,663 6.57%
    Refi 740 $196,680,000 $265,784 $13,167 6.38%
    Other 25 $215,000 $8,600 $39 0.76%

    For 2023, Emm Loans's most frequently cited loan purpose was Home Purchase, with 3,217 originations. The 2nd most popular reason was Refi, with 740 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,805 $1,191,655,000 $313,181 $10,552 6.62%
    15 Year 64 $16,860,000 $263,438 $7,995 6.09%
    10 Year 60 $1,490,000 $24,833 $324 1.68%
    5 Year 25 $305,000 $12,200 $10 0.00%
    20 Year 24 $7,170,000 $298,750 $6,655 6.55%
    Other 4 $960,000 $240,000 $10,502 6.37%

    For 2023, Emm Loans's most frequently cited loan duration was 30 Year, with 3,805 originations. The 2nd most popular length was 15 Year, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 1,624 $591,140,000 $364,002
    $1k-2k 609 $172,625,000 $283,456
    $2k-3k 407 $97,715,000 $240,086
    $<1k 397 $93,215,000 $234,798
    $3k-4k 387 $102,565,000 $265,026
    $4k-5k 370 $108,030,000 $291,973

    Emm Loans's average total fees were $10,552, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,624 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 1,930 $604,330,000 $313,124
    7-8% 1,036 $332,550,000 $320,994
    5-6% 768 $235,520,000 $306,667
    Over 8% 108 $38,670,000 $358,056
    <2.5% 104 $1,330,000 $12,788
    3-4% 22 $300,000 $13,636
    4-5% 14 $5,740,000 $410,000

    During 2023, Emm Loans's average interest rate for loans was 6.62%, while their most frequently originated rate bucket for loans was 6-7%, with 1,930 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,959 $561,535,000 $286,644 $10,242 6.68%
    $100k-200k 883 $140,445,000 $159,054 $7,517 6.64%
    $400k-600k 695 $332,355,000 $478,209 $13,846 6.71%
    $100,000 or less 214 $8,560,000 $40,000 $1,787 3.25%
    $600k-1MM 210 $149,380,000 $711,333 $17,033 6.74%
    $1MM+ 21 $26,165,000 $1,245,952 $19,415 7.20%

    2023 saw Emm Loans place emphasis on $200k-400k loans with 1,959 originations, totaling $561,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,007 $340,995,000 $338,625 $11,234 6.61%
    $50k-75k 880 $178,700,000 $203,068 $8,945 6.25%
    $75k-100k 787 $205,035,000 $260,527 $9,851 6.32%
    $150k-250k 647 $272,435,000 $421,074 $11,874 6.88%
    $50k or less 344 $49,090,000 $142,703 $7,128 6.05%
    $250k+ 317 $172,185,000 $543,170 $12,389 7.00%

    Emm Loans lent most frequently to those with incomes in the $100k-150k range, with 1,007 originations. The second most popular income band? $50k-75k, with 880 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 541 $164,215,000 $303,540 $9,282 6.59%
    50-60% 523 $168,055,000 $321,329 $14,621 6.28%
    20-30% 454 $128,000,000 $281,938 $8,330 6.45%
    49% 252 $81,880,000 $324,921 $10,249 6.77%
    44% 193 $60,255,000 $312,202 $10,069 6.78%
    43% 178 $52,210,000 $293,315 $9,472 6.81%
    45% 171 $55,295,000 $323,363 $11,224 6.72%
    <20% 169 $32,085,000 $189,852 $4,713 4.51%
    39% 168 $48,210,000 $286,964 $9,237 6.59%
    46% 167 $51,515,000 $308,473 $10,664 6.62%
    48% 162 $57,340,000 $353,951 $11,175 6.60%
    40% 159 $57,805,000 $363,553 $10,084 6.79%
    47% 158 $49,360,000 $312,405 $10,029 6.67%
    42% 146 $44,500,000 $304,795 $10,113 6.66%
    38% 136 $43,210,000 $317,721 $10,365 6.66%
    41% 133 $40,705,000 $306,053 $11,088 6.52%
    37% 132 $37,500,000 $284,091 $9,158 6.68%
    36% 125 $38,105,000 $304,840 $9,066 6.65%
    >60% 15 $8,195,000 $546,333 $15,306 6.28%

    Emm Loans lent most frequently to those with DTI ratios of 30-36%, with 541 originations. The next most common DTI ratio? 50-60%, with 523 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,861 $863,135,000 $301,690 $9,940 6.49%
    Not provided 618 $203,500,000 $329,288 $10,762 6.68%
    Black 367 $103,305,000 $281,485 $11,615 6.25%
    Asian 117 $43,575,000 $372,436 $11,938 6.67%
    American Indian 14 $3,380,000 $241,429 $5,516 5.84%
    Native Hawaiian or Islander 5 $1,545,000 $309,000 $9,414 6.58%

    Approval Rates

    Total approvals of all applications
    95.06%

    Emm Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    76.59%

    Emm Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,982 $1,218,440,000 $305,987

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,982 $1,218,440,000 $305,987

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 113 $23,405,000 $207,124 $7,013 6.71%
    40-60% 354 $95,460,000 $269,661 $8,614 6.69%
    60-80% 1,057 $334,275,000 $316,249 $10,762 6.75%
    80-100% 2,229 $724,245,000 $324,919 $10,802 6.67%
    Over 100% 88 $37,010,000 $420,568 $16,806 6.31%
    Under 20% 141 $4,045,000 $28,688 $384 1.28%