The Lyons National Bank Mortgage Rates, Fees & Info

Lyons, NY

LEI: 254900Q6IHGQO7INVC79

Tax ID: 15-0372430

5 stars - out of 5 stars, based on 38 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Lyons National Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Lyons National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Auburn, Seneca Falls, Syracuse, and Corning among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Lyons National Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. The Lyons National Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 3/27/23
    30 Year Conventional Purchase 6.49% 3/27/23
    30 Year Conventional Refi 5.73% 3/27/23
    30 Year Cash-out Refi 6.42% 3/27/23
    15 Year Conventional Purchase 6.04% 3/27/23
    15 Year Conventional Refi 5.87% 3/27/23
    15 Year Cash-out Refi 5.87% 3/27/23
    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.


    Originations

    1,422

    Origination Dollar Volume (All Markets)

    $263,580,000

    Awards

    The Lyons National Bank 30 Year Conventional Loans gold The Lyons National Bank 30 Year Conventional Loans gold The Lyons National Bank 30 Year Conventional Loans gold The Lyons National Bank 30 Year Conventional Loans gold
    Show all (4) awards

    Relative Rate

    The Lyons National Bank's average 30 year fixed mortgage rate was 4.5%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.26%.

    Relative Fees (Closing Costs)

    The Lyons National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,380.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 997 $187,275,000 $187,839 $4,011 4.36%
    Auburn, NY (FHA|USDA|VA) 146 $23,460,000 $160,685 $4,289 4.41%
    Seneca Falls, NY (FHA|USDA|VA) 107 $16,525,000 $154,439 $3,931 4.54%
    SYRACUSE, NY (FHA|USDA|VA) 77 $15,895,000 $206,429 $4,922 4.30%
    Corning, NY (FHA|USDA|VA) 30 $5,550,000 $185,000 $4,356 4.32%
    Outside of Metro Areas 24 $4,930,000 $205,417 $4,606 4.63%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $1,710,000 $855,000 $461 4.93%
    Batavia, NY (FHA|USDA|VA) 5 $1,335,000 $267,000 $8,640 3.92%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 6 $1,180,000 $196,667 $6,334 5.10%
    UTICA-ROME, NY (FHA|USDA|VA) 5 $1,135,000 $227,000 $5,833 4.37%
    ELMIRA, NY (FHA|USDA|VA) 5 $775,000 $155,000 $9,017 4.50%
    ITHACA, NY (FHA|USDA|VA) 2 $600,000 $300,000 $7,068 5.06%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $480,000 $240,000 $4,511 5.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $445,000 $445,000 $5,707 3.25%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $405,000 $405,000 $10,442 3.13%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 2 $350,000 $175,000 $3,359 4.66%
    Oneonta, NY (FHA|USDA|VA) 2 $300,000 $150,000 $3,870 5.50%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.99%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.63%
    Cortland, NY (FHA|USDA|VA) 2 $240,000 $120,000 $4,120 3.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $185,000 $185,000 $6,563 4.63%
    Malone, NY (FHA|USDA|VA) 1 $165,000 $165,000 $932 4.49%
    Amsterdam, NY (FHA|USDA|VA) 1 $85,000 $85,000 $0 2.75%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $55,000 $55,000 $3,766 4.50%
    The Lyons National Bank's top markets include Rochester, Auburn, Seneca Falls, Syracuse, and Corning among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Lyons National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SECNY Federal Credit Union
    Similarity Rank: 38
    Pittsford Federal Credit Union
    Similarity Rank: 39
    FIRST HERITAGE FEDERAL CREDIT UNION
    Similarity Rank: 60
    Elmira Savings Bank
    Similarity Rank: 165
    ESL Federal Credit Union
    Similarity Rank: 192
    Geddes Federal Savings and Loan Association
    Similarity Rank: 216
    RELIANT COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 405
    FAMILY FIRST OF NY
    Similarity Rank: 477
    CCFCU FUNDING, LLC
    Similarity Rank: 504
    VISIONS
    Similarity Rank: 528

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,060 $224,950,000 $212,217 $4,180 4.45%
    HELOC 362 $38,630,000 $106,713 n/a 4.17%

    For 2022, The Lyons National Bank's most frequently originated type of loan was Conventional, with 1,060 originations. Their 2nd most popular type was HELOC, with 362 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 597 $132,745,000 $222,353 $5,402 4.77%
    Cash Out Refi 432 $61,370,000 $142,060 $2,725 4.07%
    Home Improvement 257 $26,625,000 $103,599 $1,802 4.27%
    Refi 136 $42,840,000 $315,000 $3,119 3.84%

    For 2022, The Lyons National Bank's most frequently cited loan purpose was Home Purchase, with 597 originations. The 2nd most popular reason was Cash Out Refi, with 432 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 926 $182,460,000 $197,041 $5,380 4.50%
    15 Year 187 $31,125,000 $166,444 $2,559 3.68%
    20 Year 137 $19,085,000 $139,307 $1,668 4.70%
    Other 88 $16,600,000 $188,636 $3,888 4.17%
    10 Year 79 $13,995,000 $177,152 $659 4.35%
    5 Year 4 $210,000 $52,500 $584 4.83%
    1 Year 1 $105,000 $105,000 $0 3.75%

    For 2022, The Lyons National Bank's most frequently cited loan duration was 30 Year, with 926 originations. The 2nd most popular length was 15 Year, with 187 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 245 $48,565,000 $198,224
    $<1k 221 $33,665,000 $152,330
    $2k-3k 152 $43,300,000 $284,868
    $3k-4k 56 $18,490,000 $330,179
    $4k-5k 27 $13,905,000 $515,000
    $5k+ 26 $10,860,000 $417,692

    The Lyons National Bank's average total fees were $5,380, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 245 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 590 $100,050,000 $169,576
    4-5% 367 $66,715,000 $181,785
    5-6% 291 $61,625,000 $211,770
    6-7% 71 $12,805,000 $180,352
    <2.5% 48 $11,460,000 $238,750
    2.5-3% 38 $8,390,000 $220,789
    7-8% 14 $1,840,000 $131,429
    Over 8% 2 $80,000 $40,000

    During 2022, The Lyons National Bank's average interest rate for loans was 4.50%, while their most frequently originated rate bucket for loans was 3-4%, with 590 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 493 $28,095,000 $56,988 $1,755 4.29%
    $100k-200k 459 $64,545,000 $140,621 $3,652 4.54%
    $200k-400k 359 $98,545,000 $274,499 $5,152 4.32%
    $400k-600k 77 $37,225,000 $483,442 $8,148 4.41%
    $600k-1MM 23 $16,855,000 $732,826 $9,363 3.92%
    $1MM+ 11 $18,315,000 $1,665,000 $10,201 4.35%

    2022 saw The Lyons National Bank place emphasis on $100,000 or less loans with 493 originations, totaling $28,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 311 $53,015,000 $170,466 $4,075 4.39%
    $50k-75k 301 $35,115,000 $116,661 $3,406 4.29%
    $150k-250k 265 $61,995,000 $233,943 $5,374 4.29%
    $75k-100k 240 $34,410,000 $143,375 $3,694 4.37%
    $50k or less 120 $11,480,000 $95,667 $3,227 4.57%
    $250k+ 119 $50,345,000 $423,067 $7,496 4.28%

    The Lyons National Bank lent most frequently to those with incomes in the $100k-150k range, with 311 originations. The second most popular income band? $50k-75k, with 301 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 315 $58,805,000 $186,683 $4,617 4.26%
    20-30% 299 $51,455,000 $172,090 $4,018 4.31%
    <20% 80 $14,470,000 $180,875 $3,905 4.20%
    41% 76 $14,590,000 $191,974 $3,918 4.27%
    40% 74 $13,010,000 $175,811 $3,122 4.61%
    37% 73 $12,515,000 $171,438 $3,649 4.46%
    44% 71 $12,095,000 $170,352 $5,025 4.24%
    39% 69 $14,215,000 $206,014 $4,607 4.38%
    38% 64 $10,430,000 $162,969 $3,948 4.44%
    42% 62 $10,790,000 $174,032 $3,786 4.56%
    43% 49 $8,735,000 $178,265 $5,292 4.41%
    36% 43 $8,935,000 $207,791 $4,723 4.07%
    45% 15 $3,275,000 $218,333 $4,588 4.74%
    47% 13 $2,665,000 $205,000 $4,066 4.56%
    46% 11 $2,175,000 $197,727 $3,470 5.02%
    49% 8 $2,320,000 $290,000 $3,810 3.69%
    48% 5 $1,435,000 $287,000 $5,461 4.27%
    50-60% 4 $430,000 $107,500 $2,415 4.16%
    >60% 2 $240,000 $120,000 $4,375 4.37%

    The Lyons National Bank lent most frequently to those with DTI ratios of 30-36%, with 315 originations. The next most common DTI ratio? 20-30%, with 299 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,349 $243,025,000 $180,152 $4,160 4.35%
    Not applicable 42 $13,680,000 $325,714 $0 5.37%
    Asian 17 $4,635,000 $272,647 $5,916 4.22%
    Black 11 $1,305,000 $118,636 $2,557 4.67%
    American Indian 2 $720,000 $360,000 $8,600 4.31%
    Native Hawaiian or Islander 1 $215,000 $215,000 $4,013 4.88%

    Approval Rates

    Total approvals of all applications
    95.57%

    The Lyons National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.79%

    The Lyons National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,422 $263,580,000 $185,359

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,422 $263,580,000 $185,359

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 240 $25,210,000 $105,042 $1,283 4.21%
    40-60% 165 $30,175,000 $182,879 $2,667 4.13%
    60-80% 395 $89,955,000 $227,734 $5,072 4.42%
    80-100% 420 $105,970,000 $252,310 $5,182 4.68%
    Over 100% 4 $2,650,000 $662,500 $0 5.23%
    Under 20% 198 $9,620,000 $48,586 $740 4.08%