Carthage Federal Savings And Loan Association Mortgage Rates, Fees & Info

Carthage, NY

LEI: 254900DNLSAVSRPDRK61

Tax ID: 15-0263165

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

Review & Overview

Carthage Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Carthage Federal Savings And Loan Association has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Watertown, Ogdensburg, Syracuse, Utica, and Malone among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Carthage Federal Savings And Loan Association 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

172

Origination Dollar Volume (All Markets)

$24,190,000

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
WATERTOWN-FORT DRUM, NY (FHA\|USDA\|VA)	113	$15,475,000	$136,947	$0	0.00%
Outside of Metro Areas	39	$5,165,000	$132,436	$0	0.00%
Ogdensburg-Massena, NY (FHA\|USDA\|VA)	12	$1,900,000	$158,333	$0	0.00%
SYRACUSE, NY (FHA\|USDA\|VA)	5	$815,000	$163,000	$0	0.00%
UTICA-ROME, NY (FHA\|USDA\|VA)	2	$610,000	$305,000	$0	0.00%
Malone, NY (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	0.00%

Carthage Federal Savings And Loan Association's top markets include Watertown, Ogdensburg, Syracuse, Utica, 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	170	$23,840,000	$140,235	$0	0.00%
USDA	2	$350,000	$175,000	$0	0.00%

For 2023, Carthage Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 170 originations. Their 2nd most popular type was USDA, with 2 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	126	$20,370,000	$161,667	$0	0.00%
Refi	21	$2,615,000	$124,524	$0	0.00%
Other	13	$545,000	$41,923	$0	0.00%
Home Improvement	12	$660,000	$55,000	$0	0.00%

For 2023, Carthage Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 126 originations. The 2nd most popular reason was Refi, with 21 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	172	$24,190,000	$140,640	$0	0.00%

For 2023, Carthage Federal Savings And Loan Association's most frequently cited loan duration was Other, with 172 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	80	$4,610,000	$57,625	$0	0.00%
$100k-200k	51	$7,375,000	$144,608	$0	0.00%
$200k-400k	35	$9,225,000	$263,571	$0	0.00%
$400k-600k	5	$2,055,000	$411,000	$0	0.00%
$600k-1MM	1	$925,000	$925,000	$0	0.00%

2023 saw Carthage Federal Savings And Loan Association place emphasis on $100,000 or less loans with 80 originations, totaling $4,610,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	44	$3,980,000	$90,455	$0	0.00%
$100k-150k	37	$6,125,000	$165,541	$0	0.00%
$150k-250k	29	$5,575,000	$192,241	$0	0.00%
$50k or less	27	$1,955,000	$72,407	$0	0.00%
$75k-100k	23	$2,725,000	$118,478	$0	0.00%
$250k+	11	$3,745,000	$340,455	$0	0.00%

Carthage Federal Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 44 originations. The second most popular income band? $100k-150k, with 37 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	172	$24,190,000	$140,640	$0	0.00%

Carthage Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 172 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	162	$23,040,000	$142,222	$0	0.00%
Not provided	8	$980,000	$122,500	$0	0.00%
American Indian	2	$170,000	$85,000	$0	0.00%

Approval Rates

Total approvals of all applications
82.70%

Carthage Federal Savings And Loan Association has a below average approval rate.

Pick Rate

Approvals leading to origination
86.05%

Carthage Federal Savings And Loan Association has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	172	$24,190,000	$140,640

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	172	$24,190,000	$140,640