Kemba Credit Union Mortgage Rates, Fees & Info

West Chester, OH

LEI: 549300GN85R5S1V3SJ96

Tax ID: 31-6034125

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Kemba Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Kemba Credit Union has a high proportion of conventional loans. Their top markets include Cincinnati, Breckenridge, Columbus, Crestview, and Lexington among others. Kemba Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

739

Origination Dollar Volume (All Markets)

$222,405,000

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 676 $197,560,000 $292,249 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 1 $3,005,000 $3,005,000 $0 0.00%
Outside of Metro Areas 14 $2,840,000 $202,857 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 3 $1,995,000 $665,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $1,880,000 $940,000 $0 0.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $1,815,000 $605,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,470,000 $367,500 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 6 $1,220,000 $203,333 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,150,000 $575,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $915,000 $915,000 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $885,000 $885,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $855,000 $855,000 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $655,000 $655,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $645,000 $215,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $585,000 $195,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Bluffton, IN (FHA|USDA|VA) 3 $315,000 $105,000 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Celina, OH (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Washington Court House, OH (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Sandusky, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Connersville, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Bedford, IN (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
COLUMBUS, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Richmond, IN (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%

Kemba Credit Union 's top markets include Cincinnati, Breckenridge, Columbus, Crestview, and Lexington among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 739 $222,405,000 $300,954 $0 0.00%

For the 2021 period, Kemba Credit Union 's most frequently originated loan type of loans were Conventional, with 739 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Cash Out Refi 258 $82,430,000 $319,496 $0 0.00%
Refi 253 $67,615,000 $267,253 $0 0.00%
Home Purchase 165 $67,375,000 $408,333 $0 0.00%
Home Improvement 39 $1,945,000 $49,872 $0 0.00%
Other 24 $3,040,000 $126,667 $0 0.00%

For the 2021, Kemba Credit Union 's most frequently cited loan purpose of loans were Cash Out Refi, with 258 originations. The 2nd most popular reason of loans were Refi, with 253 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 739 $222,405,000 $300,954 $0 0.00%

For the 2021, Kemba Credit Union 's most frequently cited loan length of loans were Other, with 739 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 257 $38,175,000 $148,541 $0 0.00%
$200k-400k 217 $58,635,000 $270,207 $0 0.00%
$100,000 or less 120 $7,030,000 $58,583 $0 0.00%
$600k-1MM 68 $52,990,000 $779,265 $0 0.00%
$400k-600k 46 $22,340,000 $485,652 $0 0.00%
$1MM+ 31 $43,235,000 $1,394,677 $0 0.00%

2021 saw Kemba Credit Union place emphasis on $100k-200k loans with 257 originations, totaling $38,175,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 173 $34,625,000 $200,145 $0 0.00%
$50k-75k 126 $17,790,000 $141,190 $0 0.00%
$150k-250k 107 $40,025,000 $374,065 $0 0.00%
$75k-100k 91 $16,725,000 $183,791 $0 0.00%
$250k+ 89 $78,995,000 $887,584 $0 0.00%
$50k or less 67 $7,095,000 $105,896 $0 0.00%

Kemba Credit Union lent most frequently to those with incomes in the $100k-150k range, with 173 originations. The second most popular income band? $50k-75k, with 126 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 739 $222,405,000 $300,954 $0 0.00%

Kemba Credit Union lent most frequently to those with DTI ratios of Exempt%, with 739 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 643 $196,475,000 $305,560 $0 0.00%
Not provided 45 $13,795,000 $306,556 $0 0.00%
Black 35 $7,195,000 $205,571 $0 0.00%
Asian 12 $4,010,000 $334,167 $0 0.00%
American Indian 3 $735,000 $245,000 $0 0.00%
Asian Indian 1 $195,000 $195,000 $0 0.00%

Approval Rates

Total approvals of all applications
91.58%

Kemba Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
78.86%

Kemba Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 739 $222,405,000 $300,954

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
739 $222,405,000 $300,954