Embassy Bank For The Lehigh Valley Mortgage Rates, Fees & Info
Bethlehem, PALEI: 549300PBL633P0UGLP11
Tax ID: 23-3081363
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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. Embassy Bank For The Lehigh Valley has an average proportion of conventional loans. Their top markets by origination volume include: Allentown, Philadelphia, Reading, and East Stroudsburg among others. We have data for 4 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 a below 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.61% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.13% | 11/17/24 |
| 15 Year Conventional Refi | 5.65% | 11/17/24 |
| 15 Year Cash-out Refi | 5.65% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
699Origination Dollar Volume (All Markets)
$131,175,000Relative Rate
Embassy Bank For The Lehigh Valley's average 30 year fixed mortgage rate was
6.64%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.16%.
Relative Fees (Closing Costs)
Embassy Bank For The Lehigh Valley's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,467.
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 $9,089.
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) | 681 | $126,545,000 | $185,822 | $1,380 | 5.99% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $3,455,000 | $314,091 | $2,363 | 6.01% |
| READING, PA (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $1,797 | 5.84% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.99% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 513 | $109,825,000 | $214,084 | $1,400 | 5.99% |
| Conventional | 186 | $21,350,000 | $114,785 | $0 | 0.00% |
For 2023, Embassy Bank For The Lehigh Valley's most frequently originated type of loan was Conventional, with 513 originations. Their 2nd most popular type was Conventional, with 186 originations.
Loan Reason
For 2023, Embassy Bank For The Lehigh Valley's most frequently cited loan purpose was Home Purchase, with 206 originations. The 2nd most popular reason was Home Improvement, with 196 originations.
Loan Duration/Length
For 2023, Embassy Bank For The Lehigh Valley's most frequently cited loan duration was Other, with 387 originations. The 2nd most popular length was 15 Year, with 161 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 420 | $74,120,000 | $176,476 |
| $1k-2k | 18 | $4,430,000 | $246,111 |
| $2k-3k | 6 | $2,740,000 | $456,667 |
Embassy Bank For The Lehigh Valley's average total fees were $2,467, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 420 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 243 | $49,415,000 | $203,354 |
| 6-7% | 185 | $50,105,000 | $270,838 |
| 4-5% | 57 | $2,705,000 | $47,456 |
| 7-8% | 28 | $7,600,000 | $271,429 |
During 2023, Embassy Bank For The Lehigh Valley's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 5-6%, with 243 originations.
Loan Sizing
2023 saw Embassy Bank For The Lehigh Valley place emphasis on $100,000 or less loans with 322 originations, totaling $14,630,000 in origination value.
Applicant Income
Embassy Bank For The Lehigh Valley lent most frequently to those with incomes in the $100k-150k range, with 185 originations. The second most popular income band? $150k-250k, with 153 originations.
Applicant Debt to Income Ratio
Embassy Bank For The Lehigh Valley lent most frequently to those with DTI ratios of Exempt%, with 186 originations. The next most common DTI ratio? 20-30%, with 147 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.32%
Embassy Bank For The Lehigh Valley has a below average approval rate.
Pick Rate
Approvals leading to origination87.84%
Embassy Bank For The Lehigh Valley has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 186 | $21,350,000 | $114,785 |
| NA | 513 | $109,825,000 | $214,084 |