Kemba Financial Mortgage Rates, Fees & Info
Gahanna, OHLEI: 549300Y6FMTOZSY0VW06
Tax ID: 31-6034826
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.90% | 3/30/23 |
| 30 Year Conventional Refi | 6.58% | 3/30/23 |
| 30 Year Cash-out Refi | 6.63% | 3/30/23 |
| 30 Year FHA Purchase | 7.68% | 3/30/23 |
| 15 Year Conventional Purchase | 5.95% | 3/30/23 |
| 15 Year Conventional Refi | 5.90% | 3/30/23 |
| 15 Year Cash-out Refi | 5.90% | 3/30/23 |
| 15 Year FHA Purchase | 5.68% | 3/30/23 |
| 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. | ||
Originations
1,852Origination Dollar Volume (All Markets)
$166,810,000Awards
KEMBA FINANCIAL - 2022
KEMBA FINANCIAL is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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/JEFFERSON COUNTY, KY-IN (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% |
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.
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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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications63.48%
Kemba Financial has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination90.39%
Kemba Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,852 | $166,810,000 | $90,070 |