The Upstate National Bank Mortgage Rates, Fees & Info

Ogdensburg, NY

LEI: 254900NBFODCTL4XR339

Tax ID: 15-0368650

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Mortgage Data

Review & Overview

The Upstate National Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The Upstate National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Buffalo, Syracuse, Poughkeepsie, and Jamestown among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Upstate National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 7.14% 3/28/24
30 Year Conventional Purchase 6.27% 3/28/24
15 Year Conventional Purchase 5.68% 3/28/24
15 Year Conventional Refi 7.75% 3/28/24
15 Year Cash-out Refi 7.75% 3/28/24
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.

The Upstate National Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Upstate National Bank. 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

60

Origination Dollar Volume (All Markets)

$19,360,000

Relative Rate

The Upstate National Bank's average 30 year fixed mortgage rate was 6.49%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0%.

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
ROCHESTER, NY (FHA|USDA|VA) 22 $5,720,000 $260,000 $0 6.63%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 13 $4,805,000 $369,615 $0 7.26%
SYRACUSE, NY (FHA|USDA|VA) 8 $2,880,000 $360,000 $0 6.90%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $1,550,000 $775,000 $0 6.39%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 4 $1,400,000 $350,000 $0 6.62%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 3 $855,000 $285,000 $0 7.64%
Olean, NY (FHA|USDA|VA) 3 $805,000 $268,333 $0 7.63%
Outside of Metro Areas 2 $580,000 $290,000 $0 6.70%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $375,000 $375,000 $0 6.48%
GLENS FALLS, NY (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
Batavia, NY (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.24%
The Upstate National Bank's top markets include Rochester, Buffalo, Syracuse, Poughkeepsie, and Jamestown among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $17,205,000 $312,818 $0 6.69%
    HELOC 5 $2,155,000 $431,000 n/a 9.15%

    For 2023, The Upstate National Bank's most frequently originated type of loan was Conventional, with 55 originations. Their 2nd most popular type was HELOC, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $7,220,000 $300,833 $0 6.89%
    Cash Out Refi 23 $7,655,000 $332,826 $0 6.62%
    Refi 10 $4,040,000 $404,000 $0 6.93%
    Other 2 $360,000 $180,000 $0 9.13%
    Home Improvement 1 $85,000 $85,000 $0 9.25%

    For 2023, The Upstate National Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $17,520,000 $324,444 $0 6.95%
    20 Year 3 $425,000 $141,667 $0 6.86%
    30 Year 3 $1,415,000 $471,667 $0 6.49%

    For 2023, The Upstate National Bank's most frequently cited loan duration was Other, with 54 originations. The 2nd most popular length was 20 Year, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 42 $13,780,000 $328,095
    Over 8% 6 $2,480,000 $413,333
    7-8% 3 $435,000 $145,000

    During 2023, The Upstate National Bank's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 6-7%, with 42 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $6,080,000 $304,000 $0 7.05%
    $100k-200k 16 $2,230,000 $139,375 $0 6.99%
    $400k-600k 10 $4,870,000 $487,000 $0 6.48%
    $100,000 or less 7 $555,000 $79,286 $0 7.23%
    $600k-1MM 6 $4,220,000 $703,333 $0 6.44%
    $1MM+ 1 $1,405,000 $1,405,000 $0 9.00%

    2023 saw The Upstate National Bank place emphasis on $200k-400k loans with 20 originations, totaling $6,080,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 56 $18,120,000 $323,571 $0 6.90%
    White 4 $1,240,000 $310,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    94.67%

    The Upstate National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    The Upstate National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 60 $19,360,000 $322,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    60 $19,360,000 $322,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $305,000 $305,000 $0 9.25%
    40-60% 11 $3,685,000 $335,000 $0 6.92%
    60-80% 36 $12,570,000 $349,167 $0 6.68%
    80-100% 11 $2,695,000 $245,000 $0 7.25%
    Under 20% 1 $105,000 $105,000 $0 9.00%