Kemba Financial Mortgage Rates, Fees & Info

Gahanna, OH

LEI: 549300Y6FMTOZSY0VW06

Tax ID: 31-6034826

5 stars - Updated: 3/17/24 - out of 5 stars, based on 43 reviews

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

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Mortgage Data

Review & Overview

Kemba Financial is a smaller mortgage company specializing in Cash Out Refi and Home Improvement loans. Kemba Financial has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Bellefontaine, Mount Vernon, Cleveland, and Zanesville among others. We have data for 51 markets. (Some data included below & more in-depth data is available with an active subscription.)

Kemba Financial has a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Kemba Financial 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 6.90% 3/17/24
30 Year Conventional Refi 6.58% 3/17/24
30 Year Cash-out Refi 6.63% 3/17/24
30 Year FHA Purchase 7.68% 3/17/24
15 Year Conventional Purchase 5.95% 3/17/24
15 Year Conventional Refi 5.90% 3/17/24
15 Year Cash-out Refi 5.90% 3/17/24
15 Year FHA Purchase 5.68% 3/17/24
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.

Kemba Financial Mortgage Calculator






Your Estimates

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

This is not an official calculator from Kemba Financial. 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

1,852

Origination Dollar Volume (All Markets)

$166,810,000

Awards

KEMBA FINANCIAL 30 Year Conventional Loans silver KEMBA FINANCIAL 30 Year Conventional Loans bronze
Show all (2) awards

Relative Rate

Kemba Financial's average 30 year fixed mortgage rate was 4.6%.

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

This yields a difference of -0.16%.

Relative Fees (Closing Costs)

Kemba Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $2,916.

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
COLUMBUS, OH (FHA|USDA|VA) 1,669 $148,335,000 $88,877 $1,910 4.99%
Bellefontaine, OH (FHA|USDA|VA) 48 $4,070,000 $84,792 $2,083 4.89%
Mount Vernon, OH (FHA|USDA|VA) 24 $1,930,000 $80,417 $2,000 4.85%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 9 $1,025,000 $113,889 $2,440 4.68%
Zanesville, OH (FHA|USDA|VA) 6 $890,000 $148,333 $2,733 5.00%
Chillicothe, OH (FHA|USDA|VA) 7 $755,000 $107,857 $2,832 5.10%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5 $695,000 $139,000 $4,759 3.80%
Outside of Metro Areas 4 $590,000 $147,500 $3,299 5.66%
Sandusky, OH (FHA|USDA|VA) 2 $580,000 $290,000 $3,029 4.06%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $490,000 $245,000 $3,792 3.88%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $470,000 $235,000 $3,707 4.56%
MANSFIELD, OH (FHA|USDA|VA) 5 $455,000 $91,000 $2,087 4.27%
Urbana, OH (FHA|USDA|VA) 4 $370,000 $92,500 $2,559 4.53%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $370,000 $185,000 $3,183 5.25%
Sevierville, TN (FHA|USDA|VA) 1 $365,000 $365,000 $0 6.25%
SPRINGFIELD, OH (FHA|USDA|VA) 6 $360,000 $60,000 $1,804 5.12%
TOLEDO, OH (FHA|USDA|VA) 5 $325,000 $65,000 $1,648 5.65%
Wilmington, OH (FHA|USDA|VA) 2 $320,000 $160,000 $2,447 5.81%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $290,000 $48,333 $2,240 5.27%
Marion, OH (FHA|USDA|VA) 4 $270,000 $67,500 $2,783 4.81%
Washington Court House, OH (FHA|USDA|VA) 5 $265,000 $53,000 $1,439 5.58%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $265,000 $265,000 $6,737 3.75%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,034 3.50%
Ashland, OH (FHA|USDA|VA) 1 $245,000 $245,000 $2,033 6.88%
Sidney, OH (FHA|USDA|VA) 2 $230,000 $115,000 $0 4.88%
Dayton, TN (FHA|USDA|VA) 1 $215,000 $215,000 $2,915 4.88%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $205,000 $205,000 $3,090 7.13%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $195,000 $195,000 $3,216 6.00%
Cambridge, OH (FHA|USDA|VA) 1 $185,000 $185,000 $4,376 4.88%
PEORIA, IL (FHA|USDA|VA) 1 $185,000 $185,000 $2,085 3.00%
Bucyrus-Galion, OH (FHA|USDA|VA) 3 $155,000 $51,667 $2,185 5.37%
MONROE, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,314 3.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.74%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $125,000 $125,000 $1,182 7.25%
THE VILLAGES, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,769 6.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.50%
Point Pleasant, WV-OH (FHA|USDA|VA) 2 $100,000 $50,000 $0 5.25%
Ashtabula, OH (FHA|USDA|VA) 1 $85,000 $85,000 $2,927 5.75%
MUSKEGON, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.75%
Norwalk, OH (FHA|USDA|VA) 1 $75,000 $75,000 $1,587 2.99%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.00%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $45,000 $45,000 $2,878 5.63%
LOUISVILLE, KY (FHA|USDA|VA) 1 $45,000 $45,000 $1,563 5.13%
Wooster, OH (FHA|USDA|VA) 1 $45,000 $45,000 $2,040 6.25%
Celina, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.24%
Traverse City, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.50%
LIMA, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 4.99%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $35,000 $35,000 $613 6.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $25,000 $25,000 $1,112 6.25%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.74%
Kemba Financial's top markets include Columbus, Bellefontaine, Mount Vernon, Cleveland, and Zanesville among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against KEMBA FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EDUCATION FIRST CREDIT UNION, INC.
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,280 $86,910,000 $67,898 n/a 5.13%
    Conventional 570 $79,570,000 $139,596 $1,990 4.68%
    VA 2 $330,000 $165,000 $5,499 3.31%

    For 2022, Kemba Financial's most frequently originated type of loan was HELOC, with 1,280 originations. Their 2nd most popular type was Conventional, with 570 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 808 $83,330,000 $103,131 $1,881 5.25%
    Home Improvement 606 $37,970,000 $62,657 $894 4.91%
    Other 288 $19,480,000 $67,639 $865 4.67%
    Home Purchase 103 $20,465,000 $198,689 $3,046 5.02%
    Refi 47 $5,565,000 $118,404 $2,092 3.55%

    For 2022, Kemba Financial's most frequently cited loan purpose was Cash Out Refi, with 808 originations. The 2nd most popular reason was Home Improvement, with 606 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,294 $89,230,000 $68,957 $2,633 5.12%
    30 Year 232 $45,900,000 $197,845 $2,916 4.60%
    10 Year 141 $7,425,000 $52,660 $694 5.65%
    15 Year 135 $18,015,000 $133,444 $1,886 4.44%
    Other 44 $6,050,000 $137,500 $1,882 2.98%
    5 Year 6 $190,000 $31,667 $528 4.92%

    For 2022, Kemba Financial's most frequently cited loan duration was 20 Year, with 1,294 originations. The 2nd most popular length was 30 Year, with 232 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 532 $74,330,000 $139,718
    $1k-2k 8 $1,300,000 $162,500
    $2k-3k 5 $1,035,000 $207,000
    $3k-4k 3 $605,000 $201,667
    $4k-5k 1 $265,000 $265,000
    $5k+ 1 $295,000 $295,000

    Kemba Financial's average total fees were $2,916, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 532 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 521 $47,475,000 $91,123
    4-5% 407 $36,565,000 $89,840
    5-6% 357 $29,215,000 $81,835
    6-7% 268 $21,480,000 $80,149
    7-8% 126 $8,990,000 $71,349
    2.5-3% 103 $17,855,000 $173,350
    Over 8% 50 $2,680,000 $53,600
    <2.5% 20 $2,550,000 $127,500

    During 2022, Kemba Financial's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 3-4%, with 521 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,265 $65,135,000 $51,490 $1,047 5.19%
    $100k-200k 424 $57,470,000 $135,542 $2,373 4.63%
    $200k-400k 152 $38,710,000 $254,671 $3,060 4.42%
    $400k-600k 10 $4,770,000 $477,000 $3,645 3.96%
    $600k-1MM 1 $725,000 $725,000 $3,913 3.25%

    2022 saw Kemba Financial place emphasis on $100,000 or less loans with 1,265 originations, totaling $65,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 487 $43,885,000 $90,113 $1,918 4.97%
    $50k-75k 390 $30,310,000 $77,718 $1,998 4.98%
    $75k-100k 367 $30,755,000 $83,801 $1,955 5.02%
    $150k-250k 321 $35,725,000 $111,293 $2,085 5.10%
    $50k or less 207 $14,355,000 $69,348 $2,059 4.87%
    $250k+ 59 $9,755,000 $165,339 $2,498 4.98%

    Kemba Financial lent most frequently to those with incomes in the $100k-150k range, with 487 originations. The second most popular income band? $50k-75k, with 390 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 390 $34,410,000 $88,231 $2,082 5.00%
    20-30% 387 $35,975,000 $92,959 $2,201 4.76%
    44% 138 $11,620,000 $84,203 $1,674 5.17%
    <20% 104 $9,410,000 $90,481 $1,834 4.53%
    43% 91 $7,565,000 $83,132 $1,836 5.32%
    39% 88 $7,160,000 $81,364 $1,866 5.48%
    42% 84 $8,400,000 $100,000 $1,871 4.97%
    41% 78 $6,590,000 $84,487 $1,687 5.09%
    36% 74 $7,580,000 $102,432 $2,162 5.13%
    45% 74 $6,390,000 $86,351 $2,195 5.00%
    37% 71 $6,415,000 $90,352 $2,154 5.06%
    40% 64 $5,260,000 $82,188 $2,218 5.41%
    38% 59 $5,525,000 $93,644 $2,348 4.96%
    46% 37 $4,465,000 $120,676 $2,706 5.00%
    47% 35 $3,075,000 $87,857 $1,191 5.48%
    49% 26 $2,100,000 $80,769 $2,347 5.00%
    50-60% 26 $2,550,000 $98,077 $1,393 4.73%
    48% 25 $2,265,000 $90,600 $2,138 4.39%

    Kemba Financial lent most frequently to those with DTI ratios of 30-36%, with 390 originations. The next most common DTI ratio? 20-30%, with 387 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,422 $127,520,000 $89,677 $2,024 4.96%
    Black 277 $23,385,000 $84,422 $2,163 5.01%
    Not provided 89 $9,575,000 $107,584 $1,623 5.29%
    Asian 28 $3,080,000 $110,000 $1,857 5.02%
    Not applicable 21 $2,025,000 $96,429 $0 4.97%
    American Indian 11 $725,000 $65,909 $1,648 5.48%
    Other Pacific Islander 1 $315,000 $315,000 $3,022 4.50%
    Other Asian 1 $115,000 $115,000 $1,912 4.50%
    Native Hawaiian or Islander 2 $70,000 $35,000 $467 7.12%

    Approval Rates

    Total approvals of all applications
    63.48%

    Kemba Financial has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    90.39%

    Kemba Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,852 $166,810,000 $90,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,852 $166,810,000 $90,070

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 503 $43,065,000 $85,616 $1,273 5.09%
    40-60% 181 $24,265,000 $134,061 $2,201 4.50%
    60-80% 195 $37,675,000 $193,205 $2,682 4.04%
    80-100% 103 $20,955,000 $203,447 $2,978 4.64%
    Under 20% 869 $40,745,000 $46,887 $578 5.29%