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, Refi, and Cash Out Refi loans. The Upstate National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Buffalo, Syracuse, Jamestown, and Plattsburgh among others. We have data for 12 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.
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% | 4/21/24 |
| 30 Year Conventional Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 5.68% | 4/21/24 |
| 15 Year Conventional Refi | 7.75% | 4/21/24 |
| 15 Year Cash-out Refi | 7.75% | 4/21/24 |
| 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
88Origination Dollar Volume (All Markets)
$24,600,000Top 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) | 26 | $7,650,000 | $294,231 | $0 | 5.61% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 24 | $5,940,000 | $247,500 | $0 | 6.10% |
| SYRACUSE, NY (FHA|USDA|VA) | 13 | $3,855,000 | $296,538 | $0 | 5.67% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 10 | $2,170,000 | $217,000 | $0 | 6.10% |
| Plattsburgh, NY (FHA|USDA|VA) | 2 | $1,680,000 | $840,000 | $0 | 6.39% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $0 | 5.25% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 4.69% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 6.07% |
| Outside of Metro Areas | 3 | $345,000 | $115,000 | $0 | 6.45% |
| Olean, NY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 5.84% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.15% |
| Corning, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.82% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 76 | $21,050,000 | $276,974 | $0 | 5.77% |
| HELOC | 12 | $3,550,000 | $295,833 | n/a | 6.21% |
For 2022, The Upstate National Bank's most frequently originated type of loan was Conventional, with 76 originations. Their 2nd most popular type was HELOC, with 12 originations.
Loan Reason
For 2022, The Upstate National Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 83 | $24,005,000 | $289,217 | $0 | 5.79% |
| 20 Year | 4 | $380,000 | $95,000 | $0 | 6.63% |
| 15 Year | 1 | $215,000 | $215,000 | $0 | 5.82% |
For 2022, The Upstate National Bank's most frequently cited loan duration was Other, with 83 originations. The 2nd most popular length was 20 Year, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 29 | $9,135,000 | $315,000 |
| 6-7% | 24 | $6,680,000 | $278,333 |
| 5-6% | 22 | $5,960,000 | $270,909 |
| 7-8% | 11 | $2,185,000 | $198,636 |
| Over 8% | 2 | $640,000 | $320,000 |
During 2022, The Upstate National Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 29 originations.
Loan Sizing
2022 saw The Upstate National Bank place emphasis on $200k-400k loans with 32 originations, totaling $8,980,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 77 | $21,895,000 | $284,351 | $0 | 5.87% |
| White | 11 | $2,705,000 | $245,909 | $0 | 5.54% |
Approval Rates
Total approvals of all applications94.84%
The Upstate National Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.50%
The Upstate National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 88 | $24,600,000 | $279,545 |