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. Their top markets by origination volume include: Cincinnati, Atlanta, Denver, Wilmington, and Nashville among others. We have data for 9 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
63Origination Dollar Volume (All Markets)
$10,105,000Top 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) | 49 | $7,145,000 | $145,816 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,195,000 | $239,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 63 | $10,105,000 | $160,397 | $0 | 0.00% |
For 2019, Emery Federal Credit Union's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2019, Emery Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $10,105,000 | $160,397 | $0 | 0.00% |
For 2019, Emery Federal Credit Union's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2019 saw Emery Federal Credit Union place emphasis on $100,000 or less loans with 21 originations, totaling $1,105,000 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? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $10,105,000 | $160,397 | $0 | 0.00% |
Emery Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.64%
Emery Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination42.86%
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 | 63 | $10,105,000 | $160,397 |