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 Refi, Other, and Home Purchase loans. Emery Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, North Port, Dayton, Montgomery, and Denver among others. We have data for 12 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
176Origination Dollar Volume (All Markets)
$35,320,000Top 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) | 157 | $30,505,000 | $194,299 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $985,000 | $328,333 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Wilmington, OH (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Athens, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 176 | $35,320,000 | $200,682 | $0 | 0.00% |
For 2020, Emery Federal Credit Union's most frequently originated type of loan was Conventional, with 176 originations.
Loan Reason
For 2020, Emery Federal Credit Union's most frequently cited loan purpose was Refi, with 51 originations. The 2nd most popular reason was Other, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 176 | $35,320,000 | $200,682 | $0 | 0.00% |
For 2020, Emery Federal Credit Union's most frequently cited loan duration was Other, with 176 originations.
Loan Sizing
2020 saw Emery Federal Credit Union place emphasis on $100k-200k loans with 68 originations, totaling $10,510,000 in origination value.
Applicant Income
Emery Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $150k-250k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 176 | $35,320,000 | $200,682 | $0 | 0.00% |
Emery Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 176 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.19%
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 origination85.23%
Emery Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 176 | $35,320,000 | $200,682 |