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: 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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SimulatedRates™Mortgage Type |
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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
717Origination Dollar Volume (All Markets)
$115,155,000Awards
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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Relative Rate
Mid-hudson Valley's average 30 year fixed mortgage rate was
4.35%.
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.
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 |
|---|---|---|---|---|---|
| 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% |
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: 406
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Similarity Rank: 1394
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 433 | $86,235,000 | $199,157 | $3,334 | 4.74% |
| HELOC | 284 | $28,920,000 | $101,831 | n/a | 4.26% |
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.
Loan Reason
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.
Loan Duration/Length
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
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.
Interest Rates
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.
Loan Sizing
2022 saw Mid-hudson Valley place emphasis on $100,000 or less loans with 285 originations, totaling $15,925,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.46%
Mid-hudson Valley has a below average approval rate.
Pick Rate
Approvals leading to origination78.80%
Mid-hudson Valley has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 717 | $115,155,000 | $160,607 |