Emery Federal Credit Union Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 549300M7T9PJF7QD7M68

Tax ID: 31-0540142

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Mortgage Data

Review & Overview

Emery Federal Credit Union is a smaller credit union specializing in Other and Home Purchase loans. Emery Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Fayetteville, Denver, Gainesville, and North Port 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

128

Origination Dollar Volume (All Markets)

$22,270,000

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) 112 $18,870,000 $168,482 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $910,000 $455,000 $0 0.00%
Outside of Metro Areas 4 $570,000 $142,500 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
GAINESVILLE, GA (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Wilmington, OH (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
NEW BERN, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Emery Federal Credit Union's top markets include Cincinnati, Fayetteville, Denver, Gainesville, and North Port among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 128 $22,270,000 $173,984 $0 0.00%

    For 2022, Emery Federal Credit Union's most frequently originated type of loan was Conventional, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 53 $8,895,000 $167,830 $0 0.00%
    Home Purchase 48 $11,200,000 $233,333 $0 0.00%
    Home Improvement 14 $660,000 $47,143 $0 0.00%
    Refi 10 $960,000 $96,000 $0 0.00%
    Cash Out Refi 3 $555,000 $185,000 $0 0.00%

    For 2022, Emery Federal Credit Union's most frequently cited loan purpose was Other, with 53 originations. The 2nd most popular reason was Home Purchase, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $22,270,000 $173,984 $0 0.00%

    For 2022, Emery Federal Credit Union's most frequently cited loan duration was Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $2,395,000 $55,698 $0 0.00%
    $100k-200k 43 $6,535,000 $151,977 $0 0.00%
    $200k-400k 34 $9,160,000 $269,412 $0 0.00%
    $400k-600k 6 $2,970,000 $495,000 $0 0.00%
    $600k-1MM 2 $1,210,000 $605,000 $0 0.00%

    2022 saw Emery Federal Credit Union place emphasis on $100,000 or less loans with 43 originations, totaling $2,395,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 26 $4,280,000 $164,615 $0 0.00%
    $100k-150k 25 $4,515,000 $180,600 $0 0.00%
    $150k-250k 25 $5,545,000 $221,800 $0 0.00%
    $50k-75k 23 $2,575,000 $111,957 $0 0.00%
    $50k or less 20 $2,200,000 $110,000 $0 0.00%
    $250k+ 9 $3,155,000 $350,556 $0 0.00%

    Emery Federal Credit Union lent most frequently to those with incomes in the $75k-100k range, with 26 originations. The second most popular income band? $100k-150k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $22,270,000 $173,984 $0 0.00%

    Emery Federal Credit Union lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 103 $18,195,000 $176,650 $0 0.00%
    Black 20 $3,070,000 $153,500 $0 0.00%
    Asian 2 $540,000 $270,000 $0 0.00%
    Not provided 2 $260,000 $130,000 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.92%

    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 origination
    89.84%

    Emery Federal Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $22,270,000 $173,984

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    128 $22,270,000 $173,984