Mid-hudson Valley Mortgage Rates, Fees & Info

Kingston, NY

LEI: 5493001VQ02LHMFEXJ21

Tax ID: 14-1471539

5 stars - Updated: 11/17/24 - out of 5 stars, based on 25 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    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.

    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 6.46% 11/17/24
    30 Year Conventional Refi 6.20% 11/17/24
    30 Year Cash-out Refi 6.46% 11/17/24
    15 Year Conventional Purchase 5.96% 11/17/24
    15 Year Conventional Refi 6.37% 11/17/24
    15 Year Cash-out Refi 6.37% 11/17/24
    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






    Your Estimates

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

    This is not an official calculator from Mid-hudson Valley. 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

    615

    Origination Dollar Volume (All Markets)

    $84,835,000

    Awards

    MID-HUDSON VALLEY 30 Year Conventional Loans silver MID-HUDSON VALLEY 30 Year Conventional Loans silver
    Show all (2) awards

    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%
    Mid-hudson Valley's top markets include Poughkeepsie, Kingston, New York, Hudson, and Albany among others.

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

    • 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.

    Walden Savings Bank
    Similarity Rank: 40
    Municipal Credit Union
    Similarity Rank: 209
    MID-HUDSON VALLEY
    Similarity Rank: 224
    TEG Federal Credit Union
    Similarity Rank: 252
    Ulster Savings Bank
    Similarity Rank: 301
    HUDSON VALLEY CREDIT UNION
    Similarity Rank: 462
    TrustCo Bank
    Similarity Rank: 700
    NBT Bank
    Similarity Rank: 846
    ARK MORTGAGE, INC.
    Similarity Rank: 1908
    FM Home Loans, LLC
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 370 $35,310,000 $95,432 $983 7.03%
    Home Purchase 118 $36,180,000 $306,610 $5,798 6.25%
    Home Improvement 91 $8,515,000 $93,571 $801 7.09%
    Refi 34 $4,590,000 $135,000 $1,168 4.82%
    Other 2 $240,000 $120,000 $371 7.13%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 184 $18,670,000 $101,467 $0 7.39%
    30 Year 127 $35,685,000 $280,984 $5,292 6.44%
    20 Year 115 $10,055,000 $87,435 $566 7.16%
    15 Year 85 $11,375,000 $133,824 $942 5.99%
    10 Year 75 $4,805,000 $64,067 $605 6.44%
    5 Year 21 $1,315,000 $62,619 $538 5.83%
    30+ year 6 $2,760,000 $460,000 $12,472 6.48%
    3 Year 1 $15,000 $15,000 $206 7.75%
    1 Year 1 $155,000 $155,000 $0 0.00%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 321 $37,255,000 $116,059
    $1k-2k 22 $6,210,000 $282,273
    $2k-3k 14 $4,910,000 $350,714
    $5k+ 13 $4,595,000 $353,462
    $3k-4k 12 $3,200,000 $266,667
    $4k-5k 7 $2,625,000 $375,000

    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

    Loan Rate Originations Total Value Average Loan
    6-7% 317 $45,595,000 $143,833
    7-8% 167 $18,035,000 $107,994
    Over 8% 68 $6,800,000 $100,000
    5-6% 40 $9,200,000 $230,000
    <2.5% 22 $5,110,000 $232,273
    4-5% 1 $95,000 $95,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 286 $15,850,000 $55,420 $606 6.97%
    $100k-200k 208 $28,700,000 $137,981 $1,598 7.05%
    $200k-400k 90 $24,020,000 $266,889 $5,321 5.75%
    $400k-600k 25 $11,855,000 $474,200 $7,857 6.14%
    $600k-1MM 5 $3,125,000 $625,000 $6,989 6.38%
    $1MM+ 1 $1,285,000 $1,285,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 178 $23,590,000 $132,528 $2,489 7.00%
    $150k-250k 162 $25,730,000 $158,827 $2,614 7.01%
    $75k-100k 97 $10,815,000 $111,495 $2,092 6.95%
    $50k-75k 70 $6,780,000 $96,857 $1,856 6.80%
    $250k+ 54 $9,180,000 $170,000 $2,558 7.17%
    $50k or less 27 $2,245,000 $83,148 $1,261 6.27%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 125 $16,325,000 $130,600 $2,317 7.10%
    30-36% 119 $16,835,000 $141,471 $2,601 7.02%
    <20% 61 $6,475,000 $106,148 $1,691 6.52%
    41% 29 $4,225,000 $145,690 $2,582 6.83%
    39% 28 $4,030,000 $143,929 $2,274 6.75%
    44% 27 $2,615,000 $96,852 $986 7.06%
    40% 25 $3,765,000 $150,600 $2,759 7.06%
    36% 23 $2,885,000 $125,435 $2,296 6.90%
    42% 21 $2,235,000 $106,429 $1,166 7.15%
    37% 21 $3,295,000 $156,905 $3,394 6.90%
    43% 21 $3,045,000 $145,000 $1,851 6.88%
    38% 20 $2,750,000 $137,500 $3,204 7.01%
    45% 17 $1,955,000 $115,000 $2,439 7.09%
    50-60% 16 $2,190,000 $136,875 $1,442 7.30%
    46% 14 $2,360,000 $168,571 $2,866 6.78%
    47% 12 $1,930,000 $160,833 $1,952 6.93%
    >60% 8 $910,000 $113,750 $617 6.44%
    48% 8 $1,820,000 $227,500 $4,455 6.92%
    49% 2 $230,000 $115,000 $3,875 7.81%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 378 $54,420,000 $143,968 $2,425 6.83%
    Not provided 181 $20,635,000 $114,006 $2,063 7.17%
    Not applicable 17 $4,785,000 $281,471 $0 0.78%
    Black 26 $2,430,000 $93,462 $1,311 7.09%
    Asian 6 $1,320,000 $220,000 $3,432 6.67%
    American Indian 6 $1,210,000 $201,667 $4,579 6.54%
    Other Asian 1 $35,000 $35,000 $581 6.25%

    Approval Rates

    Total approvals of all applications
    74.44%

    Mid-hudson Valley has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.61%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    615 $84,835,000 $137,943

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 171 $20,065,000 $117,339 $964 6.92%
    40-60% 60 $10,020,000 $167,000 $2,434 6.66%
    60-80% 54 $16,960,000 $314,074 $6,051 6.28%
    80-100% 68 $20,870,000 $306,912 $5,716 6.25%
    Over 100% 2 $480,000 $240,000 $4,415 3.13%
    Under 20% 260 $16,440,000 $63,231 $561 6.96%