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 and Refi loans. Emery Federal Credit Union has a high proportion of conventional loans. Emery Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Dayton, Naples, Columbus, and Phoenix among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Emery Federal Credit Union has an above 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
55Origination Dollar Volume (All Markets)
$7,435,000Top 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) | 47 | $5,825,000 | $123,936 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 4.50% |
| Outside of Metro Areas | 3 | $395,000 | $131,667 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $4,840,000 | $115,238 | $0 | 0.00% |
| Conventional | 13 | $2,595,000 | $199,615 | $0 | 4.50% |
For 2018, Emery Federal Credit Union's most frequently originated type of loan was Conventional, with 42 originations. Their 2nd most popular type was Conventional, with 13 originations.
Loan Reason
For 2018, Emery Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 43 | $4,995,000 | $116,163 | $0 | 0.00% |
| 15 Year | 11 | $2,265,000 | $205,909 | $0 | 4.50% |
| 10 Year | 1 | $175,000 | $175,000 | $0 | 0.00% |
For 2018, Emery Federal Credit Union's most frequently cited loan duration was Other, with 43 originations. The 2nd most popular length was 15 Year, with 11 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1 | $455,000 | $455,000 |
During 2018, Emery Federal Credit Union's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 1 originations.
Loan Sizing
2018 saw Emery Federal Credit Union place emphasis on $100,000 or less loans with 24 originations, totaling $1,230,000 in origination value.
Applicant Income
Emery Federal Credit Union lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
Emery Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 42 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 50 | $7,060,000 | $141,200 | $0 | 4.50% |
| Black | 5 | $375,000 | $75,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.59%
Emery Federal Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination-12.73%
Emery Federal 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 | 42 | $4,840,000 | $115,238 |
| NA | 13 | $2,595,000 | $199,615 |