Kemba Credit Union Mortgage Rates, Fees & Info
West Chester, OHLEI: 549300GN85R5S1V3SJ96
Tax ID: 31-6034125
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Mortgage Data
Review & Overview
Kemba Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Kemba Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Columbus, Dayton, North Port, and Key West among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)Kemba Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Kemba Credit Union 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 about average 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 3/31/23 |
| 30 Year Conventional Purchase | 6.26% | 3/31/23 |
| 30 Year Conventional Refi | 6.16% | 3/31/23 |
| 30 Year Cash-out Refi | 6.36% | 3/31/23 |
| 15 Year Conventional Purchase | 5.69% | 3/31/23 |
| 15 Year Conventional Refi | 7.14% | 3/31/23 |
| 15 Year Cash-out Refi | 7.14% | 3/31/23 |
| 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. | ||
Originations
997Origination Dollar Volume (All Markets)
$276,525,000Relative Rate
Kemba Credit Union's average 30 year fixed mortgage rate was
3.87%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.89%.
Relative Fees (Closing Costs)
Kemba Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,111.
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 $4,750.
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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 889 | $220,765,000 | $248,330 | $2,461 | 4.51% |
| COLUMBUS, OH (FHA|USDA|VA) | 19 | $8,515,000 | $448,158 | $3,119 | 4.36% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 21 | $6,855,000 | $326,429 | $3,289 | 3.92% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $5,285,000 | $1,761,667 | $7,917 | 3.50% |
| Outside of Metro Areas | 15 | $4,425,000 | $295,000 | $2,129 | 4.13% |
| Key West, FL (FHA|USDA|VA) | 3 | $4,405,000 | $1,468,333 | $8,893 | 3.25% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $2,835,000 | $945,000 | $4,907 | 3.92% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $2,350,000 | $1,175,000 | $8,291 | 3.94% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 2 | $2,010,000 | $1,005,000 | $3,870 | 3.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,910,000 | $955,000 | $7,136 | 3.25% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $5,127 | 4.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $5,313 | 2.81% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $6,531 | 3.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $1,325,000 | $1,325,000 | $5,635 | 5.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $3,683 | 4.92% |
| Holland, MI (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $3,768 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $4,745 | 3.38% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $3,424 | 4.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $5,432 | 4.75% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $5,440 | 4.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $5,456 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $3,650 | 4.56% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,019 | 2.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $6,387 | 3.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,039 | 4.25% |
| Angola, IN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,666 | 2.88% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,496 | 4.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $2,691 | 3.63% |
| LIMA, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,781 | 3.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $305,000 | $101,667 | $515 | 4.75% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,856 | 2.88% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,122 | 4.75% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,384 | 6.63% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,163 | 3.75% |
| Sidney, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,403 | 4.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,683 | 3.50% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,642 | 3.50% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,153 | 6.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.50% |
| Connersville, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,643 | 5.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 701 | $251,095,000 | $358,195 | $2,669 | 4.11% |
| HELOC | 296 | $25,430,000 | $85,912 | n/a | 5.30% |
For 2022, Kemba Credit Union's most frequently originated type of loan was Conventional, with 701 originations. Their 2nd most popular type was HELOC, with 296 originations.
Loan Reason
For 2022, Kemba Credit Union's most frequently cited loan purpose was Home Purchase, with 344 originations. The 2nd most popular reason was Home Improvement, with 239 originations.
Loan Duration/Length
For 2022, Kemba Credit Union's most frequently cited loan duration was 30 Year, with 506 originations. The 2nd most popular length was 15 Year, with 395 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 567 | $240,425,000 | $424,030 |
| $1k-2k | 27 | $5,215,000 | $193,148 |
Kemba Credit Union's average total fees were $3,111, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 567 originations.
Interest Rates
During 2022, Kemba Credit Union's average interest rate for loans was 3.87%, while their most frequently originated rate bucket for loans was 3-4%, with 340 originations.
Loan Sizing
2022 saw Kemba Credit Union place emphasis on $100,000 or less loans with 381 originations, totaling $22,325,000 in origination value.
Applicant Income
Kemba Credit Union lent most frequently to those with incomes in the $100k-150k range, with 262 originations. The second most popular income band? $150k-250k, with 226 originations.
Applicant Debt to Income Ratio
Kemba Credit Union lent most frequently to those with DTI ratios of 20-30%, with 303 originations. The next most common DTI ratio? 30-36%, with 215 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.43%
Kemba Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination85.96%
Kemba Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 997 | $276,525,000 | $277,357 |