Mid-hudson Valley Mortgage Rates, Fees & Info

Kingston, NY

LEI: 5493001VQ02LHMFEXJ21

Tax ID: 14-1471539

5 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Poughkeepsie, Kingston, New York, Hudson, and Albany among others. Mid-hudson Valley has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Mid-hudson Valley is typically an average fee lendor.


Originations

533

Origination Dollar Volume (All Markets)

$113,905,000

Awards

MID-HUDSON VALLEY 30 Year Conventional Loans silver
Show all (1) awards

Relative Rate

Mid-hudson Valley's average 30 year fixed rate mortgage of loans were 3.1%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.05%.

Relative Fees

Mid-hudson Valley's average total fees for a 30 year fixed rate mortgage are $4,569.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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%

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

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 533 $113,905,000 $213,705 $3,479 3.37%

For the 2021 period, Mid-hudson Valley's most frequently originated loan type of loans were Conventional, with 533 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 215 $54,335,000 $252,721 $4,751 3.11%
Cash Out Refi 144 $26,630,000 $184,931 $2,691 3.40%
Refi 96 $19,320,000 $201,250 $2,709 3.61%
Other 69 $12,685,000 $183,841 $2,587 3.56%
Home Improvement 9 $935,000 $103,889 $1,013 4.82%

For the 2021, Mid-hudson Valley's most frequently cited loan purpose of loans were Home Purchase, with 215 originations. The 2nd most popular reason of loans were Cash Out Refi, with 144 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 283 $71,185,000 $251,537 $4,569 3.10%
15 Year 133 $25,415,000 $191,090 $2,375 3.25%
20 Year 48 $7,470,000 $155,625 $1,822 4.05%
10 Year 39 $2,695,000 $69,103 $736 4.67%
Other 10 $2,040,000 $204,000 $2,685 3.29%
30+ year 8 $2,820,000 $352,500 $7,426 3.02%
1 Year 6 $2,030,000 $338,333 $0 4.25%
5 Year 6 $250,000 $41,667 $430 4.38%

For the 2021, Mid-hudson Valley's most frequently cited loan length of loans were 30 Year, with 283 originations. The 2nd most popular length of loans were 15 Year, with 133 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 370 $68,000,000 $183,784
$1k-2k 59 $13,795,000 $233,814
$3k-4k 36 $10,970,000 $304,722
$2k-3k 22 $5,390,000 $245,000
$5k+ 22 $7,910,000 $359,545

$4,569 of loans were Mid-hudson Valley's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 370 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 198 $51,170,000 $258,434
2.5-3% 197 $42,475,000 $215,609
4-5% 65 $8,485,000 $130,538
<2.5% 43 $9,895,000 $230,116
5-6% 17 $1,275,000 $75,000
6-7% 13 $605,000 $46,538

During 2021, Mid-hudson Valley's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 3-4%, with 198 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 242 $65,680,000 $271,405 $4,231 3.06%
$100k-200k 169 $26,085,000 $154,349 $3,123 3.11%
$100,000 or less 88 $4,860,000 $55,227 $884 4.73%
$400k-600k 27 $12,265,000 $454,259 $7,464 3.18%
$600k-1MM 6 $4,010,000 $668,333 $6,843 3.73%
$1MM+ 1 $1,005,000 $1,005,000 $0 3.75%

2021 saw Mid-hudson Valley place emphasis on $200k-400k loans with 242 originations, totaling $65,680,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 138 $30,920,000 $224,058 $3,612 3.47%
$75k-100k 122 $24,990,000 $204,836 $3,357 3.29%
$50k-75k 106 $17,740,000 $167,358 $3,173 3.25%
$150k-250k 94 $25,260,000 $268,723 $4,181 3.35%
$50k or less 47 $6,155,000 $130,957 $2,713 3.48%
$250k+ 23 $8,125,000 $353,261 $3,830 3.57%

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

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 121 $26,085,000 $215,579 $3,802 3.10%
30-36% 116 $23,950,000 $206,466 $3,511 3.22%
<20% 68 $16,160,000 $237,647 $2,790 3.83%
41% 25 $5,305,000 $212,200 $3,415 3.49%
37% 24 $5,330,000 $222,083 $3,930 3.31%
40% 22 $4,850,000 $220,455 $3,730 3.68%
38% 19 $4,185,000 $220,263 $3,350 3.16%
43% 19 $4,155,000 $218,684 $4,045 2.99%
44% 18 $3,380,000 $187,778 $2,449 3.74%
42% 17 $4,815,000 $283,235 $4,446 2.85%
36% 16 $3,940,000 $246,250 $3,851 3.06%
39% 15 $3,305,000 $220,333 $4,432 2.97%
50-60% 14 $1,310,000 $93,571 $1,105 4.78%
45% 12 $2,160,000 $180,000 $3,037 3.75%
>60% 10 $1,160,000 $116,000 $1,700 4.34%
47% 6 $1,360,000 $226,667 $3,872 3.00%
49% 4 $1,210,000 $302,500 $5,392 2.97%
46% 4 $700,000 $175,000 $2,802 3.50%
48% 3 $545,000 $181,667 $1,943 4.00%

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

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 275 $61,255,000 $222,745 $3,670 3.32%
Not provided 232 $46,770,000 $201,595 $3,287 3.45%
Black 15 $3,355,000 $223,667 $3,278 3.28%
Asian 8 $1,910,000 $238,750 $3,479 2.86%
American Indian 2 $430,000 $215,000 $3,480 3.06%
Other Asian 1 $185,000 $185,000 $3,263 2.88%

Approval Rates

Total approvals of all applications
82.07%

Mid-hudson Valley has a below average approval rate.

Pick Rate

Approvals leading to origination
72.75%

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

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
533 $113,905,000 $213,705

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 55 $6,455,000 $117,364 $1,578 4.13%
40-60% 108 $21,950,000 $203,241 $3,288 3.09%
60-80% 162 $41,430,000 $255,741 $3,843 3.08%
80-100% 159 $41,845,000 $263,176 $4,698 3.06%
Under 20% 49 $2,225,000 $45,408 $588 5.07%