Embassy Bank For The Lehigh Valley Mortgage Rates, Fees & InfoBethlehem, PA
Tax ID: 23-3081363
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewEmbassy 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.
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|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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$191,380,000
Embassy Bank For The Lehigh Valley's average 30 year fixed mortgage rate was
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.
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%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Embassy Bank For The Lehigh Valley's most frequently originated type of loan was Conventional, with 650 originations.
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.
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|
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.
|Loan Rate||Originations||Total Value||Average Loan|
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.
2022 saw Embassy Bank For The Lehigh Valley place emphasis on $200k-400k loans with 202 originations, totaling $56,140,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
Embassy Bank For The Lehigh Valley has an average approval rate.
Pick RateApprovals leading to origination
Embassy Bank For The Lehigh Valley has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|