Embassy Bank For The Lehigh Valley Mortgage Rates, Fees & Info

Bethlehem, PA

LEI: 549300PBL633P0UGLP11

Tax ID: 23-3081363

5 stars - Updated: 9/18/23 - out of 5 stars, based on 25 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Embassy Bank For The Lehigh Valley is a smaller bank specializing in Home Purchase and Refi loans. Embassy Bank For The Lehigh Valley has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Philadelphia, Reading, East Stroudsburg, and Washington among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Embassy Bank For The Lehigh Valley has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Embassy Bank For The Lehigh Valley is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.61% 9/18/23
30 Year Conventional Refi 6.27% 9/18/23
15 Year Conventional Purchase 5.13% 9/18/23
15 Year Conventional Refi 5.65% 9/18/23
15 Year Cash-out Refi 5.65% 9/18/23
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Embassy Bank For The Lehigh Valley Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Embassy Bank For The Lehigh Valley. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

650

Origination Dollar Volume (All Markets)

$191,380,000

Relative Rate

Embassy Bank For The Lehigh Valley's average 30 year fixed mortgage rate was 4.24%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.52%.

Relative Fees (Closing Costs)

Embassy Bank For The Lehigh Valley's average total fees/closing costs for a 30 year fixed rate mortgage were $2,472.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 632 $184,780,000 $292,373 $1,820 4.18%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $4,375,000 $486,111 $3,702 4.08%
READING, PA (FHA|USDA|VA) 5 $1,095,000 $219,000 $2,005 3.96%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $430,000 $215,000 $2,248 4.49%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $425,000 $425,000 $3,039 4.38%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $275,000 $275,000 $3,298 5.80%
Embassy Bank For The Lehigh Valley's top markets include Allentown, Philadelphia, Reading, East Stroudsburg, and Washington among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 650 $191,380,000 $294,431 $1,856 4.18%

    For 2022, Embassy Bank For The Lehigh Valley's most frequently originated type of loan was Conventional, with 650 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 242 $88,730,000 $366,653 $3,784 4.54%
    Refi 239 $87,545,000 $366,297 $1,643 3.78%
    Home Improvement 109 $9,515,000 $87,294 $117 4.27%
    Other 60 $5,590,000 $93,167 $378 4.17%

    For 2022, Embassy Bank For The Lehigh Valley's most frequently cited loan purpose was Home Purchase, with 242 originations. The 2nd most popular reason was Refi, with 239 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 339 $108,895,000 $321,224 $2,401 4.18%
    15 Year 176 $43,280,000 $245,909 $1,953 4.31%
    20 Year 42 $8,610,000 $205,000 $1,519 4.15%
    10 Year 41 $2,955,000 $72,073 $317 4.04%
    5 Year 30 $1,710,000 $57,000 $0 3.87%
    3 Year 13 $255,000 $19,615 $0 3.61%
    30 Year 9 $25,675,000 $2,852,778 $2,472 4.24%

    For 2022, Embassy Bank For The Lehigh Valley's most frequently cited loan duration was Other, with 339 originations. The 2nd most popular length was 15 Year, with 176 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 362 $66,020,000 $182,376
    $1k-2k 110 $29,440,000 $267,636
    $2k-3k 21 $9,385,000 $446,905
    $3k-4k 2 $1,090,000 $545,000
    $5k+ 2 $4,590,000 $2,295,000

    Embassy Bank For The Lehigh Valley's average total fees were $2,472, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 362 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 243 $90,855,000 $373,889
    4-5% 234 $52,130,000 $222,778
    5-6% 94 $23,580,000 $250,851
    2.5-3% 62 $21,300,000 $343,548
    <2.5% 9 $2,115,000 $235,000
    6-7% 8 $1,400,000 $175,000

    During 2022, Embassy Bank For The Lehigh Valley's average interest rate for loans was 4.24%, while their most frequently originated rate bucket for loans was 3-4%, with 243 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 202 $56,140,000 $277,921 $2,566 4.23%
    $100,000 or less 178 $8,720,000 $48,989 $164 4.16%
    $100k-200k 175 $25,975,000 $148,429 $1,431 4.21%
    $400k-600k 52 $24,840,000 $477,692 $4,138 4.27%
    $600k-1MM 27 $20,225,000 $749,074 $6,081 3.91%
    $1MM+ 16 $55,480,000 $3,467,500 $13,003 3.62%

    2022 saw Embassy Bank For The Lehigh Valley place emphasis on $200k-400k loans with 202 originations, totaling $56,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 136 $34,380,000 $252,794 $2,090 4.15%
    $100k-150k 129 $23,175,000 $179,651 $1,508 4.11%
    $75k-100k 85 $12,845,000 $151,118 $1,519 4.29%
    $250k+ 75 $33,425,000 $445,667 $3,587 4.07%
    $50k-75k 72 $9,140,000 $126,944 $1,239 4.13%
    $50k or less 30 $3,520,000 $117,333 $1,301 3.84%

    Embassy Bank For The Lehigh Valley lent most frequently to those with incomes in the $150k-250k range, with 136 originations. The second most popular income band? $100k-150k, with 129 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 174 $36,490,000 $209,713 $1,800 4.12%
    30-36% 112 $27,750,000 $247,768 $2,048 4.15%
    <20% 63 $12,645,000 $200,714 $1,617 3.89%
    40% 22 $3,340,000 $151,818 $1,115 3.84%
    39% 16 $2,080,000 $130,000 $835 4.31%
    >60% 13 $6,315,000 $485,769 $3,744 4.11%
    38% 13 $2,415,000 $185,769 $1,593 4.28%
    37% 12 $2,300,000 $191,667 $2,115 4.05%
    50-60% 11 $3,695,000 $335,909 $2,976 3.89%
    42% 11 $1,565,000 $142,273 $1,037 3.98%
    36% 10 $1,800,000 $180,000 $1,575 4.45%
    44% 9 $705,000 $78,333 $288 4.00%
    45% 9 $2,205,000 $245,000 $2,235 4.06%
    43% 9 $1,595,000 $177,222 $1,491 4.98%
    41% 9 $1,405,000 $156,111 $1,710 4.25%
    47% 8 $3,770,000 $471,250 $3,970 4.34%
    49% 5 $1,155,000 $231,000 $2,018 4.36%
    48% 2 $330,000 $165,000 $1,612 4.62%
    46% 2 $1,120,000 $560,000 $4,890 5.53%

    Embassy Bank For The Lehigh Valley lent most frequently to those with DTI ratios of 20-30%, with 174 originations. The next most common DTI ratio? 30-36%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 472 $103,200,000 $218,644 $1,845 4.12%
    Not applicable 114 $73,420,000 $644,035 $0 4.42%
    Not provided 41 $9,805,000 $239,146 $2,033 4.01%
    Asian 9 $2,355,000 $261,667 $1,632 4.28%
    Black 6 $1,010,000 $168,333 $1,666 4.10%
    American Indian 2 $650,000 $325,000 $2,575 5.25%
    Other Pacific Islander 3 $565,000 $188,333 $1,935 5.11%
    Vietnamese 1 $325,000 $325,000 $3,776 3.99%
    Other Asian 2 $50,000 $25,000 $0 5.37%

    Approval Rates

    Total approvals of all applications
    88.55%

    Embassy Bank For The Lehigh Valley has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.00%

    Embassy Bank For The Lehigh Valley has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 650 $191,380,000 $294,431

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    650 $191,380,000 $294,431

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 96 $13,860,000 $144,375 $839 3.92%
    40-60% 92 $27,180,000 $295,435 $2,053 3.74%
    60-80% 186 $88,710,000 $476,935 $3,134 4.26%
    80-100% 144 $55,410,000 $384,792 $3,730 4.45%
    Under 20% 132 $6,220,000 $47,121 $21 4.26%