Emery Federal Credit Union Mortgage Rates, Fees & Info
Cincinnati, OHLEI: 549300M7T9PJF7QD7M68
Tax ID: 31-0540142
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Emery Federal Credit Union is a smaller credit union specializing in Home Purchase loans. Emery Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Seneca, Cullowhee, Raleigh, and Greenville among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Emery Federal 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.
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Originations
98Origination Dollar Volume (All Markets)
$16,990,000Top 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) | 82 | $12,640,000 | $154,146 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Wilmington, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $255,000 | $85,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Danville, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $16,990,000 | $173,367 | $0 | 0.00% |
For 2023, Emery Federal Credit Union's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2023, Emery Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Home Improvement, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $16,990,000 | $173,367 | $0 | 0.00% |
For 2023, Emery Federal Credit Union's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2023 saw Emery Federal Credit Union place emphasis on $100,000 or less loans with 41 originations, totaling $2,025,000 in origination value.
Applicant Income
Emery Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $50k-75k, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $16,990,000 | $173,367 | $0 | 0.00% |
Emery Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.82%
Emery Federal Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination83.67%
Emery Federal Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $16,990,000 | $173,367 |