The Adirondack Trust Company Mortgage Rates, Fees & Info
Saratoga Springs, NYLEI: 254900158KALQ2PWDU44
Tax ID: 14-0458765
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
The Adirondack Trust Company is a smaller mortgage company specializing in Home Purchase loans. The Adirondack Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Glens Falls, New York, Gloversville, and Bennington among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)The Adirondack Trust Company 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.
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.
Originations
164Origination Dollar Volume (All Markets)
$46,560,000Top 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 |
|---|---|---|---|---|---|
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 125 | $32,835,000 | $262,680 | $0 | 0.00% |
| GLENS FALLS, NY (FHA|USDA|VA) | 36 | $10,760,000 | $298,889 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| Bennington, VT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $46,560,000 | $283,902 | $0 | 0.00% |
For 2023, The Adirondack Trust Company's most frequently originated type of loan was Conventional, with 164 originations.
Loan Reason
For 2023, The Adirondack Trust Company's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Other, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $46,560,000 | $283,902 | $0 | 0.00% |
For 2023, The Adirondack Trust Company's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2023 saw The Adirondack Trust Company place emphasis on $200k-400k loans with 51 originations, totaling $14,035,000 in origination value.
Applicant Income
The Adirondack Trust Company lent most frequently to those with incomes in the $150k-250k range, with 40 originations. The second most popular income band? $100k-150k, with 31 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $46,560,000 | $283,902 | $0 | 0.00% |
The Adirondack Trust Company lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.36%
The Adirondack Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination65.24%
The Adirondack Trust Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $46,560,000 | $283,902 |