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, Urbana, Cleveland, and Mount Vernon among others. We have data for 30 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 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% 11/21/24
    30 Year Conventional Refi 6.58% 11/21/24
    30 Year Cash-out Refi 6.63% 11/21/24
    30 Year FHA Purchase 7.68% 11/21/24
    15 Year Conventional Purchase 5.95% 11/21/24
    15 Year Conventional Refi 5.90% 11/21/24
    15 Year Cash-out Refi 5.90% 11/21/24
    15 Year FHA Purchase 5.68% 11/21/24
    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

    1,491

    Origination Dollar Volume (All Markets)

    $135,245,000

    Awards

    KEMBA FINANCIAL 30 Year Conventional Loans silver KEMBA FINANCIAL 30 Year Conventional Loans silver
    Show all (2) 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) 1,364 $124,140,000 $91,012 $2,029 5.14%
    Bellefontaine, OH (FHA|USDA|VA) 52 $3,860,000 $74,231 $1,553 5.03%
    Urbana, OH (FHA|USDA|VA) 9 $815,000 $90,556 $1,201 5.30%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 4 $630,000 $157,500 $3,329 4.90%
    Mount Vernon, OH (FHA|USDA|VA) 8 $600,000 $75,000 $1,432 5.03%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $550,000 $275,000 $2,782 3.93%
    Outside of Metro Areas 6 $480,000 $80,000 $2,541 4.97%
    Marion, OH (FHA|USDA|VA) 5 $465,000 $93,000 $3,257 5.54%
    Jackson, OH (FHA|USDA|VA) 2 $410,000 $205,000 $4,136 4.44%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $385,000 $128,333 $2,359 3.96%
    MANSFIELD, OH (FHA|USDA|VA) 3 $355,000 $118,333 $1,963 3.96%
    TOLEDO, OH (FHA|USDA|VA) 5 $335,000 $67,000 $1,018 4.87%
    Washington Court House, OH (FHA|USDA|VA) 4 $310,000 $77,500 $1,880 4.31%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $295,000 $295,000 $4,371 3.50%
    LIMA, OH (FHA|USDA|VA) 1 $255,000 $255,000 $2,797 3.38%
    Zanesville, OH (FHA|USDA|VA) 4 $220,000 $55,000 $802 5.74%
    Bucyrus-Galion, OH (FHA|USDA|VA) 2 $140,000 $70,000 $1,603 3.94%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $140,000 $70,000 $3,270 4.56%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,827 3.88%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,041 3.50%
    Chillicothe, OH (FHA|USDA|VA) 2 $90,000 $45,000 $1,900 5.25%
    Sidney, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,198 4.63%
    SPRINGFIELD, OH (FHA|USDA|VA) 2 $70,000 $35,000 $0 6.62%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.74%
    Salem, OH (FHA|USDA|VA) 1 $65,000 $65,000 $375 3.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.74%
    Norwalk, OH (FHA|USDA|VA) 1 $55,000 $55,000 $625 3.38%
    Wilmington, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.24%
    Cambridge, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.24%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.74%
    Kemba Financial's top markets include Columbus, Bellefontaine, Urbana, Cleveland, and Mount Vernon among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Kentucky (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: 392
    1st National Bank
    Similarity Rank: 450
    HOPEWELL Federal Credit Union
    Similarity Rank: 510
    First Federal Savings and Loan Association
    Similarity Rank: 575
    EDUCATION FIRST CREDIT UNION, INC.
    Similarity Rank: 630
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 715
    TrueCore Federal Credit Union
    Similarity Rank: 980
    TELHIO
    Similarity Rank: 1054
    CME Federal Credit Union
    Similarity Rank: 1155
    BMI Federal Credit Union
    Similarity Rank: 1188

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 828 $44,340,000 $53,551 n/a 5.94%
    Conventional 663 $90,905,000 $137,112 $2,013 4.11%

    For 2019, Kemba Financial's most frequently originated type of loan was HELOC, with 828 originations. Their 2nd most popular type was Conventional, with 663 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 613 $70,095,000 $114,347 $1,755 4.52%
    Other 379 $19,345,000 $51,042 $954 5.97%
    Home Improvement 328 $16,540,000 $50,427 $1,999 5.89%
    Home Purchase 102 $17,700,000 $173,529 $3,200 4.08%
    Refi 69 $11,565,000 $167,609 $2,359 3.71%

    For 2019, Kemba Financial's most frequently cited loan purpose was Cash Out Refi, with 613 originations. The 2nd most popular reason was Other, with 379 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 841 $46,855,000 $55,713 $3,112 5.91%
    15 Year 205 $31,435,000 $153,341 $2,275 3.68%
    30 Year 194 $36,410,000 $187,680 $3,078 3.97%
    10 Year 183 $11,725,000 $64,071 $843 4.94%
    Other 61 $8,535,000 $139,918 $1,225 3.44%
    5 Year 7 $285,000 $40,714 $621 4.69%

    For 2019, Kemba Financial's most frequently cited loan duration was 20 Year, with 841 originations. The 2nd most popular length was 15 Year, with 205 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 329 $30,535,000 $92,812
    $1k-2k 198 $39,290,000 $198,434
    $2k-3k 17 $5,335,000 $313,824
    $3k-4k 3 $1,045,000 $348,333

    Kemba Financial's average total fees were $3,078, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 329 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 455 $71,115,000 $156,297
    5-6% 386 $22,180,000 $57,461
    6-7% 312 $15,560,000 $49,872
    4-5% 231 $23,045,000 $99,762
    7-8% 102 $3,090,000 $30,294
    <2.5% 4 $220,000 $55,000

    During 2019, Kemba Financial's average interest rate for loans was 3.97%, while their most frequently originated rate bucket for loans was 3-4%, with 455 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,002 $48,400,000 $48,303 $1,003 5.66%
    $100k-200k 335 $47,165,000 $140,791 $2,286 4.10%
    $200k-400k 146 $36,100,000 $247,260 $3,135 3.89%
    $400k-600k 8 $3,580,000 $447,500 $4,781 3.58%

    2019 saw Kemba Financial place emphasis on $100,000 or less loans with 1,002 originations, totaling $48,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 387 $35,205,000 $90,969 $2,003 5.32%
    $75k-100k 347 $31,035,000 $89,438 $2,016 5.05%
    $50k-75k 344 $26,200,000 $76,163 $1,859 5.12%
    $150k-250k 191 $23,325,000 $122,120 $2,517 5.18%
    $50k or less 186 $13,180,000 $70,860 $1,749 4.84%
    $250k+ 24 $5,110,000 $212,917 $2,761 4.73%

    Kemba Financial lent most frequently to those with incomes in the $100k-150k range, with 387 originations. The second most popular income band? $75k-100k, with 347 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 364 $33,810,000 $92,885 $2,010 4.93%
    30-36% 342 $29,590,000 $86,520 $2,029 5.31%
    44% 93 $8,915,000 $95,860 $2,025 5.00%
    <20% 91 $10,475,000 $115,110 $2,206 4.50%
    39% 76 $6,270,000 $82,500 $1,826 5.33%
    36% 68 $6,650,000 $97,794 $2,021 5.18%
    41% 68 $6,740,000 $99,118 $2,401 5.25%
    42% 59 $5,835,000 $98,898 $2,063 5.26%
    43% 59 $5,265,000 $89,237 $1,771 5.29%
    40% 58 $4,660,000 $80,345 $1,735 5.33%
    38% 53 $4,025,000 $75,943 $1,779 5.41%
    37% 49 $3,545,000 $72,347 $1,607 5.18%
    45% 37 $2,395,000 $64,730 $1,853 5.69%
    46% 18 $1,570,000 $87,222 $2,787 5.10%
    50-60% 17 $1,935,000 $113,824 $2,307 4.55%
    48% 12 $960,000 $80,000 $2,380 5.06%
    49% 12 $1,210,000 $100,833 $2,518 4.88%
    47% 10 $660,000 $66,000 $2,623 5.10%
    >60% 5 $735,000 $147,000 $730 4.09%

    Kemba Financial lent most frequently to those with DTI ratios of 20-30%, with 364 originations. The next most common DTI ratio? 30-36%, with 342 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,239 $114,915,000 $92,748 $2,041 5.09%
    Black 180 $13,490,000 $74,944 $1,839 5.38%
    Not provided 26 $2,560,000 $98,462 $1,782 4.92%
    Asian 19 $1,895,000 $99,737 $1,953 5.13%
    Not applicable 14 $1,130,000 $80,714 $1,548 5.32%
    Native Hawaiian or Islander 4 $580,000 $145,000 $1,855 4.50%
    American Indian 7 $535,000 $76,429 $2,332 5.10%
    Other Pacific Islander 1 $125,000 $125,000 $0 5.74%
    Asian Indian 1 $15,000 $15,000 $0 7.99%

    Approval Rates

    Total approvals of all applications
    67.13%

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

    Pick Rate

    Approvals leading to origination
    78.14%

    Kemba Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 3 $125,000 $41,667
    NA 1,488 $135,120,000 $90,806

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $280,000 $70,000
    Single Family (1-4 Units):Site-Built 1,487 $134,965,000 $90,763

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 453 $28,475,000 $62,859 $1,112 5.69%
    40-60% 121 $14,005,000 $115,744 $1,786 4.38%
    60-80% 302 $48,980,000 $162,185 $2,437 3.90%
    80-100% 151 $27,135,000 $179,702 $2,711 3.86%
    Under 20% 464 $16,650,000 $35,884 $554 5.98%