Schuyler Savings Bank Mortgage Rates, Fees & Info

Kearny, NJ

LEI: 254900TZKHQ9DT85IC97

Tax ID: 22-1267395

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

Jump to:

  • 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

    Schuyler Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Schuyler Savings Bank has a high proportion of conventional loans. Their top (well, only) market is New York.

    Schuyler Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Schuyler Savings 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 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) 4.31% 4/28/24
    30 Year Conventional Purchase 6.22% 4/28/24
    30 Year Conventional Refi 6.43% 4/28/24
    15 Year Conventional Refi 5.49% 4/28/24
    15 Year Cash-out Refi 5.49% 4/28/24
    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.

    Schuyler Savings Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Schuyler Savings 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

    40

    Origination Dollar Volume (All Markets)

    $11,590,000

    Awards

    Schuyler Savings Bank 30 Year Conventional Loans gold Schuyler Savings Bank 30 Year Conventional Loans silver Schuyler Savings Bank 30 Year Conventional Loans gold
    Show all (3) 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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 40 $11,590,000 $289,750 $3,266 3.89%
    Schuyler Savings Bank's top markets include and New York among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)

    • Similar Lenders

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

    RSI BANK
    Similarity Rank: 30
    Schuyler Savings Bank
    Similarity Rank: 51
    North Jersey Federal Credit Union
    Similarity Rank: 124
    The First National Bank of Long Island
    Similarity Rank: 142
    N C P D Federal Credit Union
    Similarity Rank: 201
    Nassau Educators Federal Credit Union
    Similarity Rank: 481
    American Broadcast Employees Federal Credit Union
    Similarity Rank: 540
    Ridgewood Savings Bank
    Similarity Rank: 644
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 664
    Bogota Savings Bank
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 32 $10,210,000 $319,063 $3,266 3.93%
    HELOC 8 $1,380,000 $172,500 n/a 3.71%

    For 2022, Schuyler Savings Bank's most frequently originated type of loan was Conventional, with 32 originations. Their 2nd most popular type was HELOC, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 16 $4,850,000 $303,125 $2,900 3.45%
    Home Purchase 12 $5,210,000 $434,167 $4,180 4.29%
    Home Improvement 7 $575,000 $82,143 $523 4.19%
    Other 5 $955,000 $191,000 $0 3.89%

    For 2022, Schuyler Savings Bank's most frequently cited loan purpose was Refi, with 16 originations. The 2nd most popular reason was Home Purchase, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 23 $6,335,000 $275,435 $3,261 3.92%
    20 Year 5 $1,665,000 $333,000 $4,955 4.20%
    Other 4 $2,250,000 $562,500 $3,227 4.06%
    10 Year 3 $395,000 $131,667 $3,316 3.79%
    15 Year 3 $665,000 $221,667 $2,161 3.38%
    1 Year 1 $255,000 $255,000 $0 3.49%
    5 Year 1 $25,000 $25,000 $0 3.25%

    For 2022, Schuyler Savings Bank's most frequently cited loan duration was 30 Year, with 23 originations. The 2nd most popular length was 20 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 20 $6,460,000 $323,000

    Schuyler Savings Bank's average total fees were $3,261, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 21 $4,755,000 $226,429
    4-5% 7 $3,065,000 $437,857
    2.5-3% 6 $1,720,000 $286,667
    5-6% 5 $1,835,000 $367,000
    <2.5% 1 $215,000 $215,000

    During 2022, Schuyler Savings Bank's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 3-4%, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 13 $3,445,000 $265,000 $2,894 3.39%
    $100k-200k 9 $1,395,000 $155,000 $2,723 4.02%
    $400k-600k 8 $3,730,000 $466,250 $4,611 4.08%
    $100,000 or less 7 $355,000 $50,714 $395 3.96%
    $600k-1MM 2 $1,490,000 $745,000 $5,670 4.94%
    $1MM+ 1 $1,175,000 $1,175,000 $0 5.00%

    2022 saw Schuyler Savings Bank place emphasis on $200k-400k loans with 13 originations, totaling $3,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $2,355,000 $214,091 $2,321 3.91%
    $150k-250k 9 $2,855,000 $317,222 $4,128 3.69%
    $75k-100k 6 $1,210,000 $201,667 $2,852 3.94%
    $250k+ 4 $1,560,000 $390,000 $4,150 4.09%
    $50k-75k 2 $110,000 $55,000 $0 4.19%
    $50k or less 2 $290,000 $145,000 $0 3.49%

    Schuyler Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 10 $2,970,000 $297,000 $3,549 4.12%
    20-30% 7 $1,925,000 $275,000 $3,144 3.96%
    <20% 7 $1,035,000 $147,857 $2,939 3.25%
    36% 3 $725,000 $241,667 $3,526 3.33%
    38% 2 $120,000 $60,000 $395 4.69%
    46% 2 $430,000 $215,000 $0 3.49%
    42% 2 $510,000 $255,000 $2,875 3.63%
    >60% 1 $65,000 $65,000 $0 4.00%
    40% 1 $555,000 $555,000 $6,088 5.75%
    45% 1 $425,000 $425,000 $0 3.49%

    Schuyler Savings Bank lent most frequently to those with DTI ratios of 30-36%, with 10 originations. The next most common DTI ratio? 20-30%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $6,455,000 $222,586 $3,031 3.90%
    Not applicable 4 $2,830,000 $707,500 $0 4.25%
    Not provided 6 $1,930,000 $321,667 $4,229 3.75%
    Other Asian 1 $375,000 $375,000 $3,410 2.88%

    Approval Rates

    Total approvals of all applications
    88.24%

    Schuyler Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.00%

    Schuyler Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 40 $11,590,000 $289,750

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    40 $11,590,000 $289,750

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,175,000 $167,857 $2,295 4.02%
    40-60% 8 $2,440,000 $305,000 $2,632 3.76%
    60-80% 13 $6,055,000 $465,769 $3,838 3.93%
    80-100% 4 $1,460,000 $365,000 $4,001 3.75%
    Under 20% 8 $460,000 $57,500 $395 3.90%