Kemba Credit Union Mortgage Rates, Fees & Info

West Chester, OH

LEI: 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, Naples, Columbus, Breckenridge, and Louisville among others. We have data for 18 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.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 4/18/24
30 Year Conventional Purchase 6.26% 4/18/24
30 Year Conventional Refi 6.16% 4/18/24
30 Year Cash-out Refi 6.36% 4/18/24
15 Year Conventional Purchase 5.69% 4/18/24
15 Year Conventional Refi 7.14% 4/18/24
15 Year Cash-out Refi 7.14% 4/18/24
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.

Kemba Credit Union Mortgage Calculator






Your Estimates

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

This is not an official calculator from Kemba Credit Union. 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

315

Origination Dollar Volume (All Markets)

$86,685,000

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) 278 $73,300,000 $263,669 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $2,850,000 $1,425,000 $0 0.00%
Outside of Metro Areas 10 $1,930,000 $193,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 6 $1,850,000 $308,333 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 1 $1,815,000 $1,815,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 3 $1,115,000 $371,667 $0 0.00%
Edwards, CO (FHA|USDA|VA) 1 $995,000 $995,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Wilmington, OH (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $255,000 $85,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Boone, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Connersville, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Kemba Credit Union's top markets include Cincinnati, Naples, Columbus, Breckenridge, and Louisville among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against KEMBA CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    MIAMI UNIVERSITY COMMUNITY
    Similarity Rank: 120
    Greenville Federal
    Similarity Rank: 144
    CINCINNATI OHIO POLICE
    Similarity Rank: 172
    New Carlisle Federal Savings Bank
    Similarity Rank: 224
    Firefighters & Company FCU
    Similarity Rank: 235
    TrueCore Federal Credit Union
    Similarity Rank: 360
    CINFED Federal Credit Union
    Similarity Rank: 385
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 393

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 315 $86,685,000 $275,190 $0 0.00%

    For 2018, Kemba Credit Union's most frequently originated type of loan was Conventional, with 315 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 177 $56,265,000 $317,881 $0 0.00%
    Cash Out Refi 63 $21,015,000 $333,571 $0 0.00%
    Refi 33 $7,775,000 $235,606 $0 0.00%
    Other 22 $860,000 $39,091 $0 0.00%
    Home Improvement 20 $770,000 $38,500 $0 0.00%

    For 2018, Kemba Credit Union's most frequently cited loan purpose was Home Purchase, with 177 originations. The 2nd most popular reason was Cash Out Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 315 $86,685,000 $275,190 $0 0.00%

    For 2018, Kemba Credit Union's most frequently cited loan duration was Other, with 315 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 95 $26,615,000 $280,158 $0 0.00%
    $100,000 or less 83 $4,215,000 $50,783 $0 0.00%
    $100k-200k 66 $9,530,000 $144,394 $0 0.00%
    $400k-600k 44 $21,580,000 $490,455 $0 0.00%
    $600k-1MM 22 $17,070,000 $775,909 $0 0.00%
    $1MM+ 5 $7,675,000 $1,535,000 $0 0.00%

    2018 saw Kemba Credit Union place emphasis on $200k-400k loans with 95 originations, totaling $26,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $14,980,000 $214,000 $0 0.00%
    $150k-250k 61 $18,615,000 $305,164 $0 0.00%
    $250k+ 59 $37,755,000 $639,915 $0 0.00%
    $50k-75k 46 $5,670,000 $123,261 $0 0.00%
    $75k-100k 43 $6,535,000 $151,977 $0 0.00%
    $50k or less 29 $2,285,000 $78,793 $0 0.00%

    Kemba Credit Union lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $150k-250k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 315 $86,685,000 $275,190 $0 0.00%

    Kemba Credit Union lent most frequently to those with DTI ratios of Exempt%, with 315 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 276 $79,590,000 $288,370 $0 0.00%
    Not provided 23 $3,955,000 $171,957 $0 0.00%
    Black 10 $1,950,000 $195,000 $0 0.00%
    Asian 3 $765,000 $255,000 $0 0.00%
    Not applicable 2 $220,000 $110,000 $0 0.00%
    Asian Indian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.98%

    Kemba Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.52%

    Kemba Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 315 $86,685,000 $275,190

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 315 $86,685,000 $275,190