The Upstate National Bank Mortgage Rates, Fees & Info
Ogdensburg, NYLEI: 254900NBFODCTL4XR339
Tax ID: 15-0368650
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 about average rates.
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Originations
60Origination Dollar Volume (All Markets)
$19,360,000Top 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 |
|---|---|---|---|---|---|
| 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 |