Mid-hudson Valley Mortgage Rates, Fees & Info
Kingston, NYLEI: 5493001VQ02LHMFEXJ21
Tax ID: 14-1471539
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Mid-hudson Valley is a smaller mortgage company specializing in Home Purchase and Cash Out Refi 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 8 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 about average 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 | 6.67% | 3/19/23 |
| 30 Year Conventional Refi | 6.75% | 3/19/23 |
| 30 Year Cash-out Refi | 6.61% | 3/19/23 |
| 15 Year Conventional Purchase | 6.07% | 3/19/23 |
| 15 Year Conventional Refi | 6.55% | 3/19/23 |
| 15 Year Cash-out Refi | 6.55% | 3/19/23 |
| 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. | ||
Originations
533Origination Dollar Volume (All Markets)
$113,905,000Awards
MID-HUDSON VALLEY - 2021
MID-HUDSON VALLEY is a 2021 , due to their low .
For 2021, 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
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.05%.
Relative Fees (Closing Costs)
Mid-hudson Valley's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,569.
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 $4,750.
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) | 246 | $55,410,000 | $225,244 | $3,663 | 3.37% |
| KINGSTON, NY (FHA|USDA|VA) | 230 | $45,700,000 | $198,696 | $3,258 | 3.39% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 17 | $5,185,000 | $305,000 | $4,072 | 3.11% |
| Outside of Metro Areas | 23 | $4,525,000 | $196,739 | $3,168 | 3.26% |
| Hudson, NY (FHA|USDA|VA) | 11 | $2,005,000 | $182,273 | $3,458 | 3.56% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 4 | $990,000 | $247,500 | $5,023 | 2.84% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,376 | 2.63% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $490 | 4.75% |
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: 492
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 533 | $113,905,000 | $213,705 | $3,479 | 3.37% |
For 2021, Mid-hudson Valley's most frequently originated type of loan was Conventional, with 533 originations.
Loan Reason
For 2021, Mid-hudson Valley's most frequently cited loan purpose was Home Purchase, with 215 originations. The 2nd most popular reason was Cash Out Refi, with 144 originations.
Loan Duration/Length
For 2021, Mid-hudson Valley's most frequently cited loan duration was 30 Year, with 283 originations. The 2nd most popular length was 15 Year, with 133 originations.
Origination Fees/Closing Costs
Mid-hudson Valley's average total fees were $4,569, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 370 originations.
Interest Rates
During 2021, Mid-hudson Valley's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 198 originations.
Loan Sizing
2021 saw Mid-hudson Valley place emphasis on $200k-400k loans with 242 originations, totaling $65,680,000 in origination value.
Applicant Income
Mid-hudson Valley lent most frequently to those with incomes in the $100k-150k range, with 138 originations. The second most popular income band? $75k-100k, with 122 originations.
Applicant Debt to Income Ratio
Mid-hudson Valley lent most frequently to those with DTI ratios of 20-30%, with 121 originations. The next most common DTI ratio? 30-36%, with 116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.24%
Mid-hudson Valley has an average approval rate.
Pick Rate
Approvals leading to origination74.30%
Mid-hudson Valley has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 533 | $113,905,000 | $213,705 |