Mid-hudson Valley Mortgage Rates, Fees & Info
Kingston, NYLEI: 5493001VQ02LHMFEXJ21
Tax ID: 14-1471539
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Mortgage Data
Review & Overview
Mid-hudson Valley is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Mid-hudson Valley has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, New York, Hudson, and Albany among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Mid-hudson Valley 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. Mid-hudson Valley is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.46% | 12/7/24 |
30 Year Conventional Refi | 6.20% | 12/7/24 |
30 Year Cash-out Refi | 6.46% | 12/7/24 |
15 Year Conventional Purchase | 5.96% | 12/7/24 |
15 Year Conventional Refi | 6.37% | 12/7/24 |
15 Year Cash-out Refi | 6.37% | 12/7/24 |
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. |
Mid-hudson Valley Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
615Origination Dollar Volume (All Markets)
$84,835,000MID-HUDSON VALLEY - 2023
MID-HUDSON VALLEY is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Mid-hudson Valley's average 30 year fixed mortgage rate was
6.44%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.04%.
Relative Fees (Closing Costs)
Mid-hudson Valley's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,292.
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 |
---|---|---|---|---|---|
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 271 | $39,405,000 | $145,406 | $2,485 | 6.75% |
KINGSTON, NY (FHA|USDA|VA) | 237 | $31,375,000 | $132,384 | $2,348 | 6.72% |
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 58 | $7,820,000 | $134,828 | $1,569 | 6.95% |
Outside of Metro Areas | 27 | $3,925,000 | $145,370 | $2,868 | 7.00% |
Hudson, NY (FHA|USDA|VA) | 13 | $1,145,000 | $88,077 | $640 | 7.10% |
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 8 | $1,120,000 | $140,000 | $3,001 | 6.45% |
Oneonta, NY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $706 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against MID-HUDSON VALLEY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 40
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Similarity Rank: 1908
Similarity Rank: 2982
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 407 | $63,805,000 | $156,769 | $2,330 | 6.42% |
HELOC | 208 | $21,030,000 | $101,106 | n/a | 7.46% |
For 2023, Mid-hudson Valley's most frequently originated type of loan was Conventional, with 407 originations. Their 2nd most popular type was HELOC, with 208 originations.
Loan Reason
For 2023, Mid-hudson Valley's most frequently cited loan purpose was Cash Out Refi, with 370 originations. The 2nd most popular reason was Home Purchase, with 118 originations.
Loan Duration/Length
For 2023, Mid-hudson Valley's most frequently cited loan duration was Other, with 184 originations. The 2nd most popular length was 30 Year, with 127 originations.
Origination Fees/Closing Costs
Mid-hudson Valley's average total fees were $5,292, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 321 originations.
Interest Rates
During 2023, Mid-hudson Valley's average interest rate for loans was 6.44%, while their most frequently originated rate bucket for loans was 6-7%, with 317 originations.
Loan Sizing
2023 saw Mid-hudson Valley place emphasis on $100,000 or less loans with 286 originations, totaling $15,850,000 in origination value.
Applicant Income
Mid-hudson Valley lent most frequently to those with incomes in the $100k-150k range, with 178 originations. The second most popular income band? $150k-250k, with 162 originations.
Applicant Debt to Income Ratio
Mid-hudson Valley lent most frequently to those with DTI ratios of 20-30%, with 125 originations. The next most common DTI ratio? 30-36%, with 119 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications74.44%
Mid-hudson Valley has a below average approval rate.
Pick Rate
Approvals leading to origination75.61%
Mid-hudson Valley has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 615 | $84,835,000 | $137,943 |