Generations Bank Mortgage Rates, Fees & Info
Seneca Falls, NYLEI: 254900YV0O58MHFPZV28
Tax ID: 15-0443420
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Generations Bank is a smaller bank specializing in Home Improvement, Other, and Home Purchase loans. Generations Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Seneca Falls, and Auburn among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Generations Bank has an above average approval rate when compared to the average across all lenders.
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.
Originations
7Origination Dollar Volume (All Markets)
$585,000Top 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) | 4 | $310,000 | $77,500 | $0 | 0.00% |
| Seneca Falls, NY (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Auburn, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 7 | $585,000 | $83,571 | $0 | 0.00% |
For 2024, Generations Bank's most frequently originated type of loan was Conventional, with 7 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 4 | $130,000 | $32,500 | $0 | 0.00% |
| Other | 2 | $290,000 | $145,000 | $0 | 0.00% |
| Home Purchase | 1 | $165,000 | $165,000 | $0 | 0.00% |
For 2024, Generations Bank's most frequently cited loan purpose was Home Improvement, with 4 originations. The 2nd most popular reason was Other, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 7 | $585,000 | $83,571 | $0 | 0.00% |
For 2024, Generations Bank's most frequently cited loan duration was Other, with 7 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 5 | $215,000 | $43,000 | $0 | 0.00% |
| $100k-200k | 1 | $165,000 | $165,000 | $0 | 0.00% |
| $200k-400k | 1 | $205,000 | $205,000 | $0 | 0.00% |
2024 saw Generations Bank place emphasis on $100,000 or less loans with 5 originations, totaling $215,000 in origination value.
Applicant Income
Generations Bank lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $50k or less, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 7 | $585,000 | $83,571 | $0 | 0.00% |
Generations Bank lent most frequently to those with DTI ratios of Exempt%, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 7 | $585,000 | $83,571 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.74%
Generations Bank has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 7 | $585,000 | $83,571 |