Mid-hudson Valley Mortgage Rates, Fees & InfoKingston, NY
Tax ID: 14-1471539
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMid-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: Kingston, Poughkeepsie, New York, Hudson, and Albany among others. We have data for 13 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||6.46%||9/25/23|
|30 Year Conventional Refi||6.20%||9/25/23|
|30 Year Cash-out Refi||6.46%||9/25/23|
|15 Year Conventional Purchase||5.96%||9/25/23|
|15 Year Conventional Refi||6.37%||9/25/23|
|15 Year Cash-out Refi||6.37%||9/25/23|
|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.|
Mid-hudson Valley Mortgage Calculator
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This is not an official calculator from Mid-hudson Valley. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$115,155,000
MID-HUDSON VALLEY - 2022
MID-HUDSON VALLEY is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Mid-hudson Valley's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.41%.
Relative Fees (Closing Costs)
Mid-hudson Valley's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,123.
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|
|KINGSTON, NY (FHA|USDA|VA)||336||$52,570,000||$156,458||$2,839||4.60%|
|POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA)||257||$44,165,000||$171,848||$3,772||4.50%|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||52||$7,990,000||$153,654||$3,491||4.63%|
|Outside of Metro Areas||47||$6,895,000||$146,702||$3,879||4.52%|
|Hudson, NY (FHA|USDA|VA)||17||$2,315,000||$136,176||$3,542||4.12%|
|ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA)||1||$555,000||$555,000||$4,695||4.00%|
|Corning, NY (FHA|USDA|VA)||1||$135,000||$135,000||$3,071||4.38%|
|Amsterdam, NY (FHA|USDA|VA)||1||$115,000||$115,000||$2,447||3.25%|
|Auburn, NY (FHA|USDA|VA)||1||$115,000||$115,000||$3,093||5.38%|
|SYRACUSE, NY (FHA|USDA|VA)||1||$95,000||$95,000||$2,909||2.50%|
|BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA)||1||$75,000||$75,000||$3,380||4.00%|
|GLENS FALLS, NY (FHA|USDA|VA)||1||$65,000||$65,000||$826||6.00%|
|UTICA-ROME, NY (FHA|USDA|VA)||1||$65,000||$65,000||$0||6.75%|
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 2022, Mid-hudson Valley's most frequently originated type of loan was Conventional, with 433 originations. Their 2nd most popular type was HELOC, with 284 originations.
For 2022, Mid-hudson Valley's most frequently cited loan purpose was Cash Out Refi, with 374 originations. The 2nd most popular reason was Home Purchase, with 179 originations.
For 2022, Mid-hudson Valley's most frequently cited loan duration was Other, with 254 originations. The 2nd most popular length was 30 Year, with 217 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Mid-hudson Valley's average total fees were $5,123, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 310 originations.
During 2022, Mid-hudson Valley's average interest rate for loans was 4.35%, while their most frequently originated rate bucket for loans was 5-6%, with 186 originations.
2022 saw Mid-hudson Valley place emphasis on $100,000 or less loans with 285 originations, totaling $15,925,000 in origination value.
Mid-hudson Valley lent most frequently to those with incomes in the $100k-150k range, with 197 originations. The second most popular income band? $150k-250k, with 147 originations.
Applicant Debt to Income Ratio
Mid-hudson Valley lent most frequently to those with DTI ratios of 20-30%, with 149 originations. The next most common DTI ratio? 30-36%, with 133 originations.
Approval RatesTotal approvals of all applications
Mid-hudson Valley has a below 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|