The Lyons National Bank Mortgage Rates, Fees & InfoLyons, NY
Tax ID: 15-0372430
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewThe 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||9/25/23|
|30 Year Conventional Purchase||6.49%||9/25/23|
|30 Year Conventional Refi||5.73%||9/25/23|
|30 Year Cash-out Refi||6.42%||9/25/23|
|15 Year Conventional Purchase||6.04%||9/25/23|
|15 Year Conventional Refi||5.87%||9/25/23|
|15 Year Cash-out Refi||5.87%||9/25/23|
|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.|
The Lyons National Bank Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from The Lyons National Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$263,580,000
The Lyons National Bank - 2022
The Lyons National Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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The Lyons National Bank's average 30 year fixed mortgage rate was
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.
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%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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.
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.
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
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.
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.
2022 saw The Lyons National Bank place emphasis on $100,000 or less loans with 493 originations, totaling $28,095,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
The Lyons National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
The Lyons National Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|