Kemba Financial Mortgage Rates, Fees & Info

Gahanna, OH

LEI: 549300Y6FMTOZSY0VW06

Tax ID: 31-6034826

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Kemba Financial is a smaller mortgage company specializing in Cash Out Refi loans. Kemba Financial has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Bellefontaine, Mount Vernon, Cleveland, and Detroit among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kemba Financial 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. 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% 4/18/24
    30 Year Conventional Refi 6.58% 4/18/24
    30 Year Cash-out Refi 6.63% 4/18/24
    30 Year FHA Purchase 7.68% 4/18/24
    15 Year Conventional Purchase 5.95% 4/18/24
    15 Year Conventional Refi 5.90% 4/18/24
    15 Year Cash-out Refi 5.90% 4/18/24
    15 Year FHA Purchase 5.68% 4/18/24
    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

    1,531

    Origination Dollar Volume (All Markets)

    $118,675,000

    Awards

    KEMBA FINANCIAL 30 Year Conventional Loans bronze KEMBA FINANCIAL 30 Year Conventional Loans gold KEMBA FINANCIAL 30 Year Conventional Loans gold
    Show all (3) awards

    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) 1,406 $109,090,000 $77,589 $1,643 4.96%
    Bellefontaine, OH (FHA|USDA|VA) 44 $2,960,000 $67,273 $1,445 4.79%
    Mount Vernon, OH (FHA|USDA|VA) 11 $1,135,000 $103,182 $2,719 5.19%
    Outside of Metro Areas 13 $865,000 $66,538 $1,795 5.11%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $540,000 $90,000 $2,005 4.10%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $455,000 $151,667 $3,178 4.87%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $380,000 $190,000 $3,244 3.87%
    Chillicothe, OH (FHA|USDA|VA) 4 $340,000 $85,000 $1,590 4.71%
    LIMA, OH (FHA|USDA|VA) 1 $315,000 $315,000 $3,759 3.49%
    TOLEDO, OH (FHA|USDA|VA) 6 $310,000 $51,667 $1,131 4.47%
    Urbana, OH (FHA|USDA|VA) 2 $240,000 $120,000 $3,375 5.08%
    MANSFIELD, OH (FHA|USDA|VA) 6 $230,000 $38,333 $1,569 4.87%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $195,000 $195,000 $2,278 3.99%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $190,000 $95,000 $1,393 4.37%
    Sandusky, OH (FHA|USDA|VA) 2 $190,000 $95,000 $0 3.50%
    MONROE, MI (FHA|USDA|VA) 3 $185,000 $61,667 $1,330 4.95%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $150,000 $75,000 $1,649 3.24%
    SPRINGFIELD, OH (FHA|USDA|VA) 4 $140,000 $35,000 $619 5.18%
    Marion, OH (FHA|USDA|VA) 3 $135,000 $45,000 $1,453 4.91%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $125,000 $125,000 $1,641 2.99%
    Salem, OH (FHA|USDA|VA) 1 $115,000 $115,000 $1,604 3.25%
    AKRON, OH (FHA|USDA|VA) 2 $110,000 $55,000 $740 4.24%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,587 5.00%
    New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.49%
    Zanesville, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.49%
    Washington Court House, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.74%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.49%
    Kemba Financial's top markets include Columbus, Bellefontaine, Mount Vernon, Cleveland, and Detroit among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Indiana (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.

    Columbus Metro Federal Credit Union
    Similarity Rank: 224
    TrueCore Federal Credit Union
    Similarity Rank: 360
    Victory Community Bank
    Similarity Rank: 420
    First Federal Savings and Loan Association
    Similarity Rank: 420
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 728
    North Valley Bank
    Similarity Rank: 768
    CME Federal Credit Union
    Similarity Rank: 820
    BMI Federal Credit Union
    Similarity Rank: 870
    THE VINTON COUNTY NATIONAL BANK
    Similarity Rank: 935
    KEMBA FINANCIAL
    Similarity Rank: 952

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 903 $48,785,000 $54,025 n/a 5.53%
    Conventional 628 $69,890,000 $111,290 $1,663 4.11%

    For 2018, Kemba Financial's most frequently originated type of loan was HELOC, with 903 originations. Their 2nd most popular type was Conventional, with 628 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 1,173 $84,295,000 $71,863 $1,400 5.02%
    Home Improvement 193 $9,785,000 $50,699 $0 5.39%
    Home Purchase 84 $14,260,000 $169,762 $3,119 4.12%
    Refi 81 $10,335,000 $127,593 $1,503 3.60%

    For 2018, Kemba Financial's most frequently cited loan purpose was Cash Out Refi, with 1,173 originations. The 2nd most popular reason was Home Improvement, with 193 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 916 $50,850,000 $55,513 $3,009 5.51%
    10 Year 395 $31,275,000 $79,177 $915 4.19%
    30 Year 177 $31,475,000 $177,825 $2,961 4.00%
    15 Year 22 $3,970,000 $180,455 $2,910 3.58%
    5 Year 13 $445,000 $34,231 $708 4.11%
    Other 8 $660,000 $82,500 $803 4.10%

    For 2018, Kemba Financial's most frequently cited loan duration was 20 Year, with 916 originations. The 2nd most popular length was 10 Year, with 395 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 451 $42,625,000 $94,512
    $1k-2k 83 $14,285,000 $172,108
    $2k-3k 15 $4,385,000 $292,333
    $3k-4k 3 $685,000 $228,333
    $4k-5k 1 $195,000 $195,000

    Kemba Financial's average total fees were $2,961, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 451 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 478 $34,850,000 $72,908
    3-4% 364 $46,620,000 $128,077
    5-6% 317 $16,145,000 $50,931
    6-7% 272 $12,370,000 $45,478
    2.5-3% 55 $7,205,000 $131,000
    7-8% 44 $1,450,000 $32,955
    Over 8% 1 $35,000 $35,000

    During 2018, Kemba Financial's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 4-5%, with 478 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,148 $54,450,000 $47,430 $1,036 5.27%
    $100k-200k 286 $38,800,000 $135,664 $1,956 4.00%
    $200k-400k 88 $21,610,000 $245,568 $3,208 3.96%
    $400k-600k 9 $3,815,000 $423,889 $3,951 3.66%

    2018 saw Kemba Financial place emphasis on $100,000 or less loans with 1,148 originations, totaling $54,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 382 $31,920,000 $83,560 $1,812 5.01%
    $75k-100k 355 $24,105,000 $67,901 $1,467 5.07%
    $50k-75k 349 $23,895,000 $68,467 $1,575 4.96%
    $50k or less 234 $14,760,000 $63,077 $1,440 4.63%
    $150k-250k 175 $18,815,000 $107,514 $2,234 4.98%
    $250k+ 26 $4,060,000 $156,154 $2,169 4.60%

    Kemba Financial lent most frequently to those with incomes in the $100k-150k range, with 382 originations. The second most popular income band? $75k-100k, with 355 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 330 $25,840,000 $78,303 $1,773 4.81%
    30-36% 324 $21,730,000 $67,068 $1,566 5.08%
    <20% 102 $9,850,000 $96,569 $1,906 4.37%
    40% 82 $5,900,000 $71,951 $1,193 5.29%
    44% 75 $5,205,000 $69,400 $1,439 5.10%
    42% 63 $5,735,000 $91,032 $1,731 4.91%
    39% 63 $3,975,000 $63,095 $1,446 5.37%
    45% 63 $4,665,000 $74,048 $2,047 4.99%
    38% 61 $4,625,000 $75,820 $1,376 4.96%
    37% 61 $4,785,000 $78,443 $2,078 5.10%
    41% 60 $5,430,000 $90,500 $2,038 5.26%
    43% 57 $3,725,000 $65,351 $1,282 5.43%
    50-60% 56 $5,910,000 $105,536 $1,584 4.27%
    36% 50 $4,700,000 $94,000 $1,345 4.68%
    46% 31 $2,505,000 $80,806 $1,633 4.64%
    48% 21 $1,415,000 $67,381 $1,829 4.65%
    47% 17 $1,605,000 $94,412 $1,714 5.03%
    49% 10 $690,000 $69,000 $1,941 4.77%
    >60% 4 $300,000 $75,000 $0 4.99%

    Kemba Financial lent most frequently to those with DTI ratios of 20-30%, with 330 originations. The next most common DTI ratio? 30-36%, with 324 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,269 $100,535,000 $79,224 $1,700 4.92%
    Black 170 $11,030,000 $64,882 $1,565 5.11%
    Not provided 41 $3,135,000 $76,463 $1,611 5.15%
    Not applicable 18 $1,510,000 $83,889 $0 5.30%
    Asian 14 $1,210,000 $86,429 $764 4.48%
    American Indian 9 $565,000 $62,778 $633 5.19%
    Native Hawaiian or Islander 5 $535,000 $107,000 $2,003 4.37%
    Other Asian 3 $85,000 $28,333 $0 5.41%
    Japanese 1 $35,000 $35,000 $0 5.49%
    Filipino 1 $35,000 $35,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    70.10%

    Kemba Financial has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.93%

    Kemba Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 2 $160,000 $80,000
    NA 1,529 $118,515,000 $77,511

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $120,000 $60,000
    Single Family (1-4 Units):Site-Built 1,529 $118,555,000 $77,538

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 487 $29,885,000 $61,366 $873 5.31%
    40-60% 168 $18,300,000 $108,929 $1,356 4.15%
    60-80% 224 $30,000,000 $133,929 $2,039 3.81%
    80-100% 122 $21,610,000 $177,131 $2,784 3.89%
    Under 20% 527 $18,725,000 $35,531 $706 5.58%