Steuben Trust Company Mortgage Rates, Fees & Info
Hornell, NYLEI: 254900OTZY4BREZQZ902
Tax ID: 16-0650180
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Mortgage Data
Review & Overview
Steuben Trust Company is a smaller mortgage company specializing in Home Purchase and Refi loans. Steuben Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Corning, Rochester, Ithaca, Syracuse, and Auburn among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Steuben Trust Company 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.
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Originations
194Origination Dollar Volume (All Markets)
$27,020,000Top 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 |
|---|---|---|---|---|---|
| Corning, NY (FHA|USDA|VA) | 76 | $6,980,000 | $91,842 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 39 | $6,465,000 | $165,769 | $0 | 0.00% |
| Outside of Metro Areas | 64 | $6,400,000 | $100,000 | $0 | 0.00% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $1,845,000 | $1,845,000 | $0 | 0.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 2 | $1,770,000 | $885,000 | $0 | 0.00% |
| Auburn, NY (FHA|USDA|VA) | 1 | $1,615,000 | $1,615,000 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 7 | $1,525,000 | $217,857 | $0 | 0.00% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Batavia, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Olean, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 181 | $26,225,000 | $144,890 | $0 | 0.00% |
| USDA | 13 | $795,000 | $61,154 | $0 | 0.00% |
For 2018, Steuben Trust Company's most frequently originated type of loan was Conventional, with 181 originations. Their 2nd most popular type was USDA, with 13 originations.
Loan Reason
For 2018, Steuben Trust Company's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 55 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 194 | $27,020,000 | $139,278 | $0 | 0.00% |
For 2018, Steuben Trust Company's most frequently cited loan duration was Other, with 194 originations.
Loan Sizing
2018 saw Steuben Trust Company place emphasis on $100,000 or less loans with 125 originations, totaling $7,315,000 in origination value.
Applicant Income
Steuben Trust Company lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $50k or less, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 194 | $27,020,000 | $139,278 | $0 | 0.00% |
Steuben Trust Company lent most frequently to those with DTI ratios of Exempt%, with 194 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.16%
Steuben Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination87.11%
Steuben Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 194 | $27,020,000 | $139,278 |