Kemba Credit Union Mortgage Rates, Fees & Info
West Chester, OHLEI: 549300GN85R5S1V3SJ96
Tax ID: 31-6034125
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
739Origination Dollar Volume (All Markets)
$222,405,000Top 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 applications91.58%
Kemba Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination78.86%
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 |
