Pathfinder Bank Mortgage Rates, Fees & Info
Oswego, NYLEI: 254900WBNJ2MGXXXDY75
Tax ID: 15-0408130
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Mortgage Data
Review & Overview
Pathfinder Bank is a smaller bank specializing in Home Purchase loans. Pathfinder Bank has a high proportion of conventional loans. Their top markets by origination volume include: Syracuse, Utica, Myrtle Beach, Boston, and Auburn among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Pathfinder Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Pathfinder 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.89% | 12/29/24 |
| 30 Year Conventional Refi | 5.87% | 12/29/24 |
| 30 Year Cash-out Refi | 6.96% | 12/29/24 |
| 15 Year Conventional Purchase | 6.71% | 12/29/24 |
| 15 Year Conventional Refi | 6.05% | 12/29/24 |
| 15 Year Cash-out Refi | 6.05% | 12/29/24 |
| 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. | ||
Pathfinder Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Pathfinder 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
198Origination Dollar Volume (All Markets)
$41,810,000Awards
Pathfinder Bank - 2023
Pathfinder Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Pathfinder Bank's average 30 year fixed mortgage rate was
6.83%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.35%.
Relative Fees (Closing Costs)
Pathfinder Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,161.
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 |
|---|---|---|---|---|---|
| SYRACUSE, NY (FHA|USDA|VA) | 178 | $36,750,000 | $206,461 | $2,370 | 6.96% |
| UTICA-ROME, NY (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $5,496 | 6.40% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $4,761 | 7.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $5,889 | 6.00% |
| Auburn, NY (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $2,396 | 7.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 3 | $425,000 | $141,667 | $1,548 | 7.00% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $728 | 7.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,959 | 7.50% |
| Cortland, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,654 | 6.75% |
| Malone, NY (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $529 | 6.50% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $269 | 7.00% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $269 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Pathfinder Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 36
Similarity Rank: 105
Similarity Rank: 224
Similarity Rank: 320
Similarity Rank: 348
Similarity Rank: 357
Similarity Rank: 390
Similarity Rank: 513
Similarity Rank: 611
Similarity Rank: 720
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 198 | $41,810,000 | $211,162 | $2,399 | 6.95% |
For 2023, Pathfinder Bank's most frequently originated type of loan was Conventional, with 198 originations.
Loan Reason
For 2023, Pathfinder Bank's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Cash Out Refi, with 53 originations.
Loan Duration/Length
For 2023, Pathfinder Bank's most frequently cited loan duration was 30 Year, with 55 originations. The 2nd most popular length was 15 Year, with 50 originations.
Origination Fees/Closing Costs
Pathfinder Bank's average total fees were $3,161, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 145 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 100 | $13,530,000 | $135,300 |
| 7-8% | 60 | $10,570,000 | $176,167 |
| 5-6% | 27 | $8,185,000 | $303,148 |
| Over 8% | 11 | $9,525,000 | $865,909 |
During 2023, Pathfinder Bank's average interest rate for loans was 6.83%, while their most frequently originated rate bucket for loans was 6-7%, with 100 originations.
Loan Sizing
2023 saw Pathfinder Bank place emphasis on $100,000 or less loans with 95 originations, totaling $4,985,000 in origination value.
Applicant Income
Pathfinder Bank lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $150k-250k, with 35 originations.
Applicant Debt to Income Ratio
Pathfinder Bank lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 31 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.04%
Pathfinder Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.91%
Pathfinder Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 198 | $41,810,000 | $211,162 |