The Upstate National Bank Mortgage Rates, Fees & Info
Ogdensburg, NYLEI: 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% | 11/17/24 |
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.68% | 11/17/24 |
| 15 Year Conventional Refi | 7.75% | 11/17/24 |
| 15 Year Cash-out Refi | 7.75% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
60Origination Dollar Volume (All Markets)
$19,360,000Relative 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% |
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
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
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 applications94.67%
The Upstate National Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.33%
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 |