Tompkins Trust Company Mortgage Rates, Fees & Info

Ithaca, NY

LEI: 254900Q6YS0NMCYAH669

Tax ID: 15-0470650

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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

    Tompkins Trust Company is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Tompkins Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Ithaca, New York, Philadelphia, Rochester, and Buffalo among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tompkins Trust Company 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. Tompkins Trust Company 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 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% 11/22/24
    30 Year Conventional Purchase 6.19% 11/22/24
    30 Year Conventional Refi 6.12% 11/22/24
    30 Year Cash-out Refi 6.19% 11/22/24
    30 Year USDA Purchase 6.32% 11/22/24
    15 Year Conventional Purchase 5.57% 11/22/24
    15 Year Conventional Refi 5.71% 11/22/24
    15 Year Cash-out Refi 5.71% 11/22/24
    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.

    Tompkins Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Tompkins Trust Company. 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

    1,005

    Origination Dollar Volume (All Markets)

    $352,545,000
    Show all (17) awards

    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
    ITHACA, NY (FHA|USDA|VA) 232 $83,470,000 $359,784 $3,886 4.14%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 85 $45,635,000 $536,882 $5,114 4.01%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 89 $43,435,000 $488,034 $3,856 4.22%
    ROCHESTER, NY (FHA|USDA|VA) 110 $39,210,000 $356,455 $3,509 4.93%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 51 $26,105,000 $511,863 $4,768 4.84%
    SYRACUSE, NY (FHA|USDA|VA) 39 $25,755,000 $660,385 $4,187 4.90%
    READING, PA (FHA|USDA|VA) 113 $24,265,000 $214,735 $3,724 4.21%
    Cortland, NY (FHA|USDA|VA) 64 $11,700,000 $182,813 $3,221 4.23%
    Outside of Metro Areas 42 $8,200,000 $195,238 $3,824 4.07%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 19 $6,045,000 $318,158 $4,161 4.26%
    Batavia, NY (FHA|USDA|VA) 39 $5,885,000 $150,897 $3,099 4.81%
    Auburn, NY (FHA|USDA|VA) 28 $5,280,000 $188,571 $3,210 4.40%
    ELMIRA, NY (FHA|USDA|VA) 6 $5,200,000 $866,667 $3,287 3.79%
    Seneca Falls, NY (FHA|USDA|VA) 15 $4,445,000 $296,333 $4,319 4.49%
    Pottsville, PA (FHA|USDA|VA) 19 $3,225,000 $169,737 $3,601 4.68%
    BINGHAMTON, NY (FHA|USDA|VA) 11 $2,325,000 $211,364 $3,508 4.16%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $1,850,000 $462,500 $3,758 3.63%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,800,000 $450,000 $3,889 3.97%
    UTICA-ROME, NY (FHA|USDA|VA) 5 $1,435,000 $287,000 $4,024 4.94%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 4 $1,420,000 $355,000 $5,316 4.12%
    Corning, NY (FHA|USDA|VA) 6 $1,050,000 $175,000 $3,609 4.19%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $735,000 $245,000 $4,567 5.71%
    LANCASTER, PA (FHA|USDA|VA) 3 $635,000 $211,667 $3,780 5.46%
    LEBANON, PA (FHA|USDA|VA) 2 $630,000 $315,000 $3,849 5.38%
    Hudson, NY (FHA|USDA|VA) 1 $555,000 $555,000 $0 5.56%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $405,000 $405,000 $5,531 3.25%
    Olean, NY (FHA|USDA|VA) 3 $385,000 $128,333 $2,957 5.47%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 2 $380,000 $190,000 $3,162 4.81%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 2 $370,000 $185,000 $3,359 4.07%
    Torrington, CT (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.97%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $245,000 $245,000 $3,165 2.25%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,570 4.88%
    Tompkins Trust Company's top markets include Ithaca, New York, Philadelphia, Rochester, and Buffalo among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Tompkins Trust Company 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: 22
    Pittsford Federal Credit Union
    Similarity Rank: 24
    GREATER WOODLAWN FEDERAL CREDIT UNION
    Similarity Rank: 30
    RSI BANK
    Similarity Rank: 30
    Elmira Savings Bank
    Similarity Rank: 33
    CFCU Community Credit Union
    Similarity Rank: 36
    Schuyler Savings Bank
    Similarity Rank: 51
    Moog Employees Federal Credit Union
    Similarity Rank: 76
    NIAGARA'S CHOICE
    Similarity Rank: 80
    BUFFALO METROPOLITAN FEDERAL CREDIT UNION
    Similarity Rank: 84

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,000 $351,600,000 $351,600 $3,846 4.36%
    HELOC 3 $745,000 $248,333 n/a 7.02%
    FHA 1 $105,000 $105,000 $1,877 4.74%
    USDA 1 $95,000 $95,000 $4,962 3.13%

    For 2022, Tompkins Trust Company's most frequently originated type of loan was Conventional, with 1,000 originations. Their 2nd most popular type was HELOC, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 620 $208,290,000 $335,952 $4,231 4.60%
    Cash Out Refi 247 $77,285,000 $312,895 $3,622 3.81%
    Refi 91 $57,705,000 $634,121 $3,142 3.99%
    Home Improvement 32 $8,290,000 $259,063 $967 4.88%
    Other 15 $975,000 $65,000 $964 4.98%

    For 2022, Tompkins Trust Company's most frequently cited loan purpose was Home Purchase, with 620 originations. The 2nd most popular reason was Cash Out Refi, with 247 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 594 $160,080,000 $269,495 $3,779 4.38%
    15 Year 125 $28,975,000 $231,800 $3,009 3.52%
    20 Year 89 $21,065,000 $236,685 $3,199 4.93%
    10 Year 72 $44,390,000 $616,528 $2,318 4.39%
    Other 56 $63,650,000 $1,136,607 $7,730 4.93%
    30+ year 53 $23,195,000 $437,642 $7,976 4.53%
    5 Year 13 $10,555,000 $811,923 $717 4.24%
    1 Year 3 $635,000 $211,667 $0 5.83%

    For 2022, Tompkins Trust Company's most frequently cited loan duration was 30 Year, with 594 originations. The 2nd most popular length was 15 Year, with 125 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 705 $174,135,000 $247,000
    $1k-2k 36 $8,400,000 $233,333
    $5k+ 24 $12,900,000 $537,500
    $2k-3k 23 $5,435,000 $236,304
    $3k-4k 20 $5,600,000 $280,000
    $4k-5k 10 $3,270,000 $327,000

    Tompkins Trust Company's average total fees were $3,779, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 705 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 253 $111,455,000 $440,534
    4-5% 247 $78,395,000 $317,389
    5-6% 187 $71,285,000 $381,203
    2.5-3% 158 $36,840,000 $233,165
    6-7% 93 $35,865,000 $385,645
    <2.5% 48 $13,090,000 $272,708
    7-8% 19 $5,615,000 $295,526

    During 2022, Tompkins Trust Company's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 3-4%, with 253 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 363 $101,775,000 $280,372 $4,055 4.25%
    $100k-200k 345 $50,285,000 $145,754 $3,143 4.41%
    $100,000 or less 109 $7,315,000 $67,110 $2,259 4.77%
    $400k-600k 99 $46,975,000 $474,495 $4,801 4.17%
    $600k-1MM 54 $40,850,000 $756,481 $8,658 4.30%
    $1MM+ 35 $105,345,000 $3,009,857 $11,746 4.56%

    2022 saw Tompkins Trust Company place emphasis on $200k-400k loans with 363 originations, totaling $101,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 197 $52,665,000 $267,335 $3,856 4.23%
    $50k-75k 178 $28,670,000 $161,067 $3,249 4.12%
    $150k-250k 144 $44,750,000 $310,764 $4,246 4.20%
    $75k-100k 140 $28,080,000 $200,571 $3,479 4.33%
    $250k+ 103 $49,185,000 $477,524 $5,457 4.18%
    $50k or less 83 $11,015,000 $132,711 $3,008 4.28%

    Tompkins Trust Company lent most frequently to those with incomes in the $100k-150k range, with 197 originations. The second most popular income band? $50k-75k, with 178 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 221 $54,835,000 $248,122 $3,775 4.18%
    30-36% 185 $46,055,000 $248,946 $3,743 4.32%
    <20% 75 $19,815,000 $264,200 $3,623 3.94%
    38% 38 $8,230,000 $216,579 $3,874 4.20%
    40% 33 $7,785,000 $235,909 $3,818 4.22%
    44% 32 $9,920,000 $310,000 $4,997 4.21%
    39% 31 $11,005,000 $355,000 $4,509 4.58%
    37% 29 $6,535,000 $225,345 $3,511 4.47%
    36% 29 $7,095,000 $244,655 $3,349 4.21%
    42% 27 $5,965,000 $220,926 $3,909 4.24%
    43% 22 $5,950,000 $270,455 $3,951 3.97%
    41% 22 $6,170,000 $280,455 $3,706 3.92%
    48% 20 $4,970,000 $248,500 $3,656 4.15%
    47% 18 $5,120,000 $284,444 $4,591 4.49%
    46% 16 $3,430,000 $214,375 $3,585 4.35%
    45% 13 $2,695,000 $207,308 $3,472 3.66%
    49% 13 $3,655,000 $281,154 $4,736 3.72%
    50-60% 8 $2,530,000 $316,250 $4,282 4.27%

    Tompkins Trust Company lent most frequently to those with DTI ratios of 20-30%, with 221 originations. The next most common DTI ratio? 30-36%, with 185 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 710 $177,700,000 $250,282 $3,794 4.24%
    Not applicable 157 $136,275,000 $867,994 $0 5.14%
    Not provided 79 $21,105,000 $267,152 $4,055 4.00%
    Asian 17 $6,155,000 $362,059 $5,205 4.18%
    Black 20 $5,110,000 $255,500 $4,100 4.46%
    Asian Indian 8 $3,540,000 $442,500 $4,180 4.03%
    American Indian 7 $1,175,000 $167,857 $2,707 4.28%
    Other Asian 2 $510,000 $255,000 $3,079 4.13%
    Filipino 2 $450,000 $225,000 $3,368 3.00%
    Guamanian 1 $295,000 $295,000 $3,629 3.75%
    Other Pacific Islander 1 $115,000 $115,000 $3,428 5.38%
    Native Hawaiian or Islander 1 $115,000 $115,000 $3,161 4.13%

    Approval Rates

    Total approvals of all applications
    92.78%

    Tompkins Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.64%

    Tompkins Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,005 $352,545,000 $350,791

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,005 $352,545,000 $350,791

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 70 $16,260,000 $232,286 $2,671 4.15%
    40-60% 133 $51,995,000 $390,940 $3,598 4.08%
    60-80% 412 $167,260,000 $405,971 $4,119 4.38%
    80-100% 349 $107,025,000 $306,662 $4,090 4.46%
    Over 100% 10 $5,980,000 $598,000 $0 5.27%
    Under 20% 29 $3,425,000 $118,103 $1,012 4.56%