The Lyons National Bank Mortgage Rates, Fees & Info

Lyons, NY

LEI: 254900Q6IHGQO7INVC79

Tax ID: 15-0372430

5 stars - Updated: 6/9/24 - out of 5 stars, based on 33 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

The Lyons National Bank is a smaller bank specializing in Home Purchase and Refi loans. The Lyons National Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rochester, Auburn, Seneca Falls, Syracuse, and Corning among others. We have data for 19 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 a low 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 relatively high 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 6/9/24
30 Year Conventional Purchase 6.49% 6/9/24
30 Year Conventional Refi 5.73% 6/9/24
30 Year Cash-out Refi 6.42% 6/9/24
15 Year Conventional Purchase 6.04% 6/9/24
15 Year Conventional Refi 5.87% 6/9/24
15 Year Cash-out Refi 5.87% 6/9/24
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 Lyons National Bank Mortgage Calculator






Your Estimates

Estimated 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.


Originations

1,057

Origination Dollar Volume (All Markets)

$190,535,000

Awards

The Lyons National Bank 30 Year Conventional Loans gold The Lyons National Bank 30 Year Conventional Loans bronze The Lyons National Bank 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

The Lyons National Bank's average 30 year fixed mortgage rate was 6.66%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.18%.

Relative Fees (Closing Costs)

The Lyons National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,403.

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 $9,089.

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) 697 $125,885,000 $180,610 $3,300 6.87%
Auburn, NY (FHA|USDA|VA) 157 $23,105,000 $147,166 $3,994 6.79%
Seneca Falls, NY (FHA|USDA|VA) 79 $12,475,000 $157,911 $3,117 6.78%
SYRACUSE, NY (FHA|USDA|VA) 55 $11,525,000 $209,545 $3,807 6.70%
Outside of Metro Areas 23 $5,405,000 $235,000 $4,003 7.11%
Corning, NY (FHA|USDA|VA) 20 $5,050,000 $252,500 $5,001 6.86%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 6 $2,070,000 $345,000 $4,495 7.34%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $740,000 $370,000 $9,534 6.38%
UTICA-ROME, NY (FHA|USDA|VA) 2 $730,000 $365,000 $7,634 6.88%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $690,000 $345,000 $8,126 7.00%
ITHACA, NY (FHA|USDA|VA) 1 $515,000 $515,000 $0 9.30%
BINGHAMTON, NY (FHA|USDA|VA) 5 $475,000 $95,000 $3,489 6.73%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $465,000 $465,000 $0 7.64%
Batavia, NY (FHA|USDA|VA) 1 $395,000 $395,000 $2,022 5.25%
Olean, NY (FHA|USDA|VA) 1 $385,000 $385,000 $618 6.00%
Cortland, NY (FHA|USDA|VA) 2 $290,000 $145,000 $0 7.66%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $145,000 $145,000 $6,205 6.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.49%
ELMIRA, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.50%
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)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Virginia (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.

    Pittsford Federal Credit Union
    Similarity Rank: 34
    SECNY Federal Credit Union
    Similarity Rank: 36
    Evans Bank
    Similarity Rank: 144
    FAMILY FIRST OF NY
    Similarity Rank: 182
    SEFCU SERVICES, LLC
    Similarity Rank: 224
    ESL Federal Credit Union
    Similarity Rank: 240
    Pathfinder Bank
    Similarity Rank: 348

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 774 $163,910,000 $211,770 $3,532 6.86%
    HELOC 281 $25,555,000 $90,943 n/a 6.80%
    USDA 2 $1,070,000 $535,000 $0 8.56%

    For 2023, The Lyons National Bank's most frequently originated type of loan was Conventional, with 774 originations. Their 2nd most popular type was HELOC, with 281 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 468 $102,400,000 $218,803 $5,091 6.82%
    Cash Out Refi 231 $24,555,000 $106,299 $620 7.01%
    Home Improvement 207 $17,775,000 $85,870 $524 6.84%
    Refi 148 $45,620,000 $308,243 $1,632 6.70%
    Other 3 $185,000 $61,667 $0 8.00%

    For 2023, The Lyons National Bank's most frequently cited loan purpose was Home Purchase, with 468 originations. The 2nd most popular reason was Cash Out Refi, with 231 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 733 $147,415,000 $201,112 $4,403 6.66%
    20 Year 118 $15,660,000 $132,712 $459 7.52%
    Other 71 $11,545,000 $162,606 $0 6.96%
    15 Year 60 $7,820,000 $130,333 $1,419 6.95%
    10 Year 57 $5,355,000 $93,947 $187 7.08%
    1 Year 17 $2,705,000 $159,118 $0 8.87%
    5 Year 1 $35,000 $35,000 $0 6.69%

    For 2023, The Lyons National Bank's most frequently cited loan duration was 30 Year, with 733 originations. The 2nd most popular length was 20 Year, with 118 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 360 $67,720,000 $188,111
    $1k-2k 88 $18,360,000 $208,636
    $2k-3k 82 $22,650,000 $276,220
    $3k-4k 33 $10,125,000 $306,818
    $5k+ 22 $11,140,000 $506,364
    $4k-5k 18 $6,180,000 $343,333

    The Lyons National Bank's average total fees were $4,403, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 360 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 564 $90,000,000 $159,574
    7-8% 307 $53,285,000 $173,567
    5-6% 124 $33,220,000 $267,903
    Over 8% 44 $6,620,000 $150,455
    4-5% 18 $7,410,000 $411,667

    During 2023, The Lyons National Bank's average interest rate for loans was 6.66%, while their most frequently originated rate bucket for loans was 6-7%, with 564 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 391 $22,375,000 $57,225 $1,194 7.04%
    $100k-200k 341 $49,485,000 $145,117 $3,760 6.84%
    $200k-400k 228 $63,210,000 $277,237 $4,344 6.70%
    $400k-600k 64 $30,710,000 $479,844 $4,936 6.47%
    $600k-1MM 30 $21,350,000 $711,667 $4,674 6.55%
    $1MM+ 3 $3,405,000 $1,135,000 $9,365 6.50%

    2023 saw The Lyons National Bank place emphasis on $100,000 or less loans with 391 originations, totaling $22,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 263 $43,685,000 $166,103 $3,370 6.72%
    $150k-250k 195 $45,485,000 $233,256 $3,702 6.69%
    $50k-75k 162 $19,370,000 $119,568 $2,995 6.78%
    $75k-100k 159 $21,435,000 $134,811 $3,344 6.91%
    $250k+ 112 $39,790,000 $355,268 $5,772 6.84%
    $50k or less 86 $7,710,000 $89,651 $2,924 6.85%

    The Lyons National Bank lent most frequently to those with incomes in the $100k-150k range, with 263 originations. The second most popular income band? $150k-250k, with 195 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 191 $35,195,000 $184,267 $3,346 6.64%
    30-36% 181 $32,385,000 $178,923 $3,471 6.74%
    44% 63 $11,225,000 $178,175 $3,992 6.74%
    41% 60 $6,900,000 $115,000 $2,550 6.85%
    <20% 55 $11,095,000 $201,727 $3,576 6.68%
    38% 55 $10,465,000 $190,273 $3,002 6.82%
    42% 54 $10,970,000 $203,148 $3,554 6.65%
    40% 49 $8,135,000 $166,020 $3,612 6.79%
    36% 48 $7,380,000 $153,750 $3,829 6.83%
    37% 43 $7,875,000 $183,140 $3,674 6.61%
    43% 40 $6,960,000 $174,000 $3,948 6.57%
    39% 39 $6,835,000 $175,256 $4,326 6.89%
    45% 17 $3,135,000 $184,412 $4,505 6.62%
    48% 11 $1,915,000 $174,091 $4,604 7.00%
    46% 10 $2,160,000 $216,000 $2,930 7.05%
    49% 9 $2,935,000 $326,111 $3,692 7.11%
    47% 7 $1,795,000 $256,429 $4,744 6.98%
    50-60% 5 $1,295,000 $259,000 $6,430 7.22%
    >60% 2 $170,000 $85,000 $0 8.23%

    The Lyons National Bank lent most frequently to those with DTI ratios of 20-30%, with 191 originations. The next most common DTI ratio? 30-36%, with 181 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 960 $173,160,000 $180,375 $3,466 6.78%
    Not applicable 62 $10,020,000 $161,613 $0 7.90%
    Asian 18 $4,670,000 $259,444 $5,237 7.11%
    Black 13 $2,215,000 $170,385 $4,586 6.89%
    American Indian 4 $470,000 $117,500 $3,736 6.97%

    Approval Rates

    Total approvals of all applications
    94.71%

    The Lyons National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.54%

    The Lyons National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,057 $190,535,000 $180,260

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,057 $190,535,000 $180,260

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 183 $17,695,000 $96,694 $1,552 6.91%
    40-60% 116 $20,760,000 $178,966 $1,603 6.88%
    60-80% 274 $65,080,000 $237,518 $4,313 6.88%
    80-100% 307 $78,055,000 $254,251 $4,519 6.69%
    Over 100% 2 $530,000 $265,000 $0 7.92%
    Under 20% 173 $8,175,000 $47,254 $78 6.98%