Pathfinder Bank Mortgage Rates, Fees & Info

Oswego, NY

LEI: 254900WBNJ2MGXXXDY75

Tax ID: 15-0408130

5 stars - Updated: 3/29/24 - out of 5 stars, based on 14 reviews

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

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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.

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
30 Year Conventional Purchase 6.89% 3/29/24
30 Year Conventional Refi 5.87% 3/29/24
30 Year Cash-out Refi 6.96% 3/29/24
15 Year Conventional Purchase 6.71% 3/29/24
15 Year Conventional Refi 6.05% 3/29/24
15 Year Cash-out Refi 6.05% 3/29/24
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

198

Origination Dollar Volume (All Markets)

$41,810,000

Awards

Pathfinder Bank 30 Year Conventional Loans gold Pathfinder Bank 30 Year Conventional Loans silver
Show all (2) awards

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%
Pathfinder Bank's top markets include Syracuse, Utica, Myrtle Beach, Boston, and Auburn among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • 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.

    SECNY Federal Credit Union
    Similarity Rank: 36
    SEFCU SERVICES, LLC
    Similarity Rank: 224
    Tompkins Trust Company
    Similarity Rank: 320
    Pathfinder Bank
    Similarity Rank: 348
    AMERICU Credit Union
    Similarity Rank: 357
    THE SUMMIT Federal Credit Union
    Similarity Rank: 390
    The Lyons National Bank
    Similarity Rank: 513
    NBT Bank
    Similarity Rank: 611
    Empower Federal Credit Union
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 99 $33,755,000 $340,960 $3,980 7.02%
    Cash Out Refi 53 $4,695,000 $88,585 $1,244 6.87%
    Home Improvement 27 $1,755,000 $65,000 $386 6.81%
    Other 18 $1,460,000 $81,111 $414 6.96%
    Refi 1 $145,000 $145,000 $2,576 7.25%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 55 $12,265,000 $223,000 $3,161 6.83%
    15 Year 50 $3,960,000 $79,200 $658 7.03%
    20 Year 32 $8,720,000 $272,500 $2,954 7.44%
    30+ year 23 $8,245,000 $358,478 $6,502 6.55%
    10 Year 20 $1,020,000 $51,000 $321 6.75%
    5 Year 11 $335,000 $30,455 $236 6.27%
    Other 7 $7,265,000 $1,037,857 $4,105 8.01%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 145 $19,615,000 $135,276
    $3k-4k 16 $6,340,000 $396,250
    $1k-2k 7 $1,905,000 $272,143
    $2k-3k 4 $440,000 $110,000
    $5k+ 1 $305,000 $305,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 95 $4,985,000 $52,474 $1,032 7.00%
    $100k-200k 49 $6,645,000 $135,612 $2,720 7.04%
    $200k-400k 36 $10,220,000 $283,889 $4,513 6.71%
    $400k-600k 8 $3,530,000 $441,250 $4,739 6.39%
    $1MM+ 5 $12,435,000 $2,487,000 $5,325 8.07%
    $600k-1MM 5 $3,995,000 $799,000 $5,445 6.48%

    2023 saw Pathfinder Bank place emphasis on $100,000 or less loans with 95 originations, totaling $4,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $3,535,000 $86,220 $1,454 6.82%
    $150k-250k 35 $7,765,000 $221,857 $3,049 6.92%
    $100k-150k 34 $6,740,000 $198,235 $2,885 6.72%
    $50k or less 29 $2,445,000 $84,310 $1,838 7.07%
    $75k-100k 26 $2,950,000 $113,462 $2,249 6.90%
    $250k+ 11 $5,065,000 $460,455 $3,800 6.49%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 37 $4,535,000 $122,568 $1,816 6.84%
    20-30% 31 $2,705,000 $87,258 $1,792 6.96%
    <20% 17 $3,145,000 $185,000 $1,399 6.82%
    37% 11 $1,555,000 $141,364 $1,479 6.68%
    38% 11 $1,555,000 $141,364 $1,127 7.05%
    39% 10 $1,190,000 $119,000 $2,374 7.15%
    46% 8 $1,740,000 $217,500 $4,306 6.75%
    41% 8 $2,200,000 $275,000 $4,030 6.77%
    42% 6 $1,010,000 $168,333 $2,951 6.85%
    36% 6 $710,000 $118,333 $1,318 6.98%
    44% 6 $1,390,000 $231,667 $4,616 6.42%
    43% 5 $645,000 $129,000 $2,979 7.28%
    47% 5 $1,555,000 $311,000 $4,963 6.68%
    49% 4 $1,300,000 $325,000 $5,752 6.00%
    40% 4 $1,560,000 $390,000 $4,311 6.94%
    48% 2 $430,000 $215,000 $5,040 6.75%
    45% 2 $1,140,000 $570,000 $4,402 6.44%
    50-60% 2 $80,000 $40,000 $556 6.63%
    >60% 1 $295,000 $295,000 $2,737 7.38%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 169 $27,205,000 $160,976 $2,395 6.86%
    Not applicable 18 $12,480,000 $693,333 $0 7.77%
    Asian 1 $945,000 $945,000 $6,813 7.00%
    Black 8 $670,000 $83,750 $1,813 7.13%
    Not provided 1 $375,000 $375,000 $2,816 5.88%
    American Indian 1 $135,000 $135,000 $2,922 7.25%

    Approval Rates

    Total approvals of all applications
    85.04%

    Pathfinder Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.91%

    Pathfinder Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 198 $41,810,000 $211,162

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    198 $41,810,000 $211,162

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,195,000 $75,690 $562 6.84%
    40-60% 27 $7,455,000 $276,111 $1,370 7.13%
    60-80% 50 $14,920,000 $298,400 $3,740 7.12%
    80-100% 61 $15,825,000 $259,426 $3,700 6.81%
    Under 20% 31 $1,415,000 $45,645 $395 6.89%