The Adirondack Trust Company Mortgage Rates, Fees & Info

Saratoga Springs, NY

LEI: 254900158KALQ2PWDU44

Tax ID: 14-0458765

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The Adirondack Trust Company is a smaller mortgage company specializing in Home Purchase and Refi loans. The Adirondack Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Glens Falls, and Malone among others. We have data for 4 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.

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    Originations

    215

    Origination Dollar Volume (All Markets)

    $193,205,000

    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
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 161 $120,905,000 $750,963 $0 0.00%
    GLENS FALLS, NY (FHA|USDA|VA) 51 $68,635,000 $1,345,784 $0 0.00%
    Malone, NY (FHA|USDA|VA) 2 $3,100,000 $1,550,000 $0 0.00%
    Outside of Metro Areas 1 $565,000 $565,000 $0 0.00%
    The Adirondack Trust Company's top markets include Albany, Glens Falls, and Malone among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 215 $193,205,000 $898,628 $0 0.00%

    For 2022, The Adirondack Trust Company's most frequently originated type of loan was Conventional, with 215 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 119 $69,315,000 $582,479 $0 0.00%
    Refi 40 $114,340,000 $2,858,500 $0 0.00%
    Other 23 $2,735,000 $118,913 $0 0.00%
    Cash Out Refi 20 $5,620,000 $281,000 $0 0.00%
    Home Improvement 13 $1,195,000 $91,923 $0 0.00%

    For 2022, The Adirondack Trust Company's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 215 $193,205,000 $898,628 $0 0.00%

    For 2022, The Adirondack Trust Company's most frequently cited loan duration was Other, with 215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 69 $19,555,000 $283,406 $0 0.00%
    $100k-200k 41 $6,055,000 $147,683 $0 0.00%
    $100,000 or less 33 $1,685,000 $51,061 $0 0.00%
    $400k-600k 32 $15,500,000 $484,375 $0 0.00%
    $1MM+ 20 $135,390,000 $6,769,500 $0 0.00%
    $600k-1MM 20 $15,020,000 $751,000 $0 0.00%

    2022 saw The Adirondack Trust Company place emphasis on $200k-400k loans with 69 originations, totaling $19,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $8,480,000 $265,000 $0 0.00%
    $150k-250k 29 $8,685,000 $299,483 $0 0.00%
    $250k+ 27 $15,595,000 $577,593 $0 0.00%
    $75k-100k 22 $5,820,000 $264,545 $0 0.00%
    $50k or less 20 $8,170,000 $408,500 $0 0.00%
    $50k-75k 15 $2,945,000 $196,333 $0 0.00%

    The Adirondack Trust Company lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 215 $193,205,000 $898,628 $0 0.00%

    The Adirondack Trust Company lent most frequently to those with DTI ratios of Exempt%, with 215 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 59 $140,715,000 $2,385,000 $0 0.00%
    White 122 $44,070,000 $361,230 $0 0.00%
    Not provided 29 $7,565,000 $260,862 $0 0.00%
    American Indian 2 $590,000 $295,000 $0 0.00%
    Asian Indian 1 $155,000 $155,000 $0 0.00%
    Other Asian 1 $65,000 $65,000 $0 0.00%
    Black 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.99%

    The Adirondack Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.65%

    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 215 $193,205,000 $898,628

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    215 $193,205,000 $898,628