Mid-hudson Valley Mortgage Rates, Fees & InfoKingston, NY
Tax ID: 14-1471539
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMid-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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|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.|
Origination Dollar Volume (All Markets)$113,905,000
Mid-hudson Valley's average 30 year fixed mortgage rate was
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.
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%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Mid-hudson Valley's most frequently originated type of loan was Conventional, with 533 originations.
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.
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
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
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.
|Loan Rate||Originations||Total Value||Average Loan|
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.
2021 saw Mid-hudson Valley place emphasis on $200k-400k loans with 242 originations, totaling $65,680,000 in origination value.
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.
Approval RatesTotal approvals of all applications
Mid-hudson Valley has an average approval rate.
Pick RateApprovals leading to origination
Mid-hudson Valley has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|