Mid-hudson Valley Mortgage Rates, Fees & Info

Kingston, NY

LEI: 5493001VQ02LHMFEXJ21

Tax ID: 14-1471539

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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: Poughkeepsie, Kingston, New York, Hudson, and Albany among others. We have data for 6 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 a low 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.46% 4/21/24
    30 Year Conventional Refi 6.20% 4/21/24
    30 Year Cash-out Refi 6.46% 4/21/24
    15 Year Conventional Purchase 5.96% 4/21/24
    15 Year Conventional Refi 6.37% 4/21/24
    15 Year Cash-out Refi 6.37% 4/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Mid-hudson Valley. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    446

    Origination Dollar Volume (All Markets)

    $64,250,000

    Awards

    MID-HUDSON VALLEY 30 Year Conventional Loans gold MID-HUDSON VALLEY 30 Year Conventional Loans gold MID-HUDSON VALLEY 30 Year Conventional Loans silver
    Show all (3) awards

    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) 178 $29,880,000 $167,865 $2,749 4.80%
    KINGSTON, NY (FHA|USDA|VA) 220 $27,840,000 $126,545 $2,030 4.79%
    Outside of Metro Areas 17 $2,245,000 $132,059 $2,536 4.66%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $2,200,000 $157,143 $2,713 4.53%
    Hudson, NY (FHA|USDA|VA) 14 $1,610,000 $115,000 $2,154 4.94%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $475,000 $158,333 $3,408 4.71%
    Mid-hudson Valley's top markets include Poughkeepsie, Kingston, New York, Hudson, and Albany among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • 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.

    PCSB Bank
    Similarity Rank: 64
    SILVERMINE VENTURES LLC
    Similarity Rank: 144
    Ulster Savings Bank
    Similarity Rank: 156
    Municipal Credit Union
    Similarity Rank: 168
    TrustCo Bank
    Similarity Rank: 200
    MID-HUDSON VALLEY
    Similarity Rank: 210
    ARK MORTGAGE, INC.
    Similarity Rank: 388
    HUDSON VALLEY CREDIT UNION
    Similarity Rank: 946
    GREENWAY MORTGAGE FUNDING CORP.
    Similarity Rank: 1881
    FM Home Loans, LLC
    Similarity Rank: 2739

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 440 $62,890,000 $142,932 $2,374 4.76%
    HELOC 6 $1,360,000 $226,667 n/a 6.54%

    For 2018, Mid-hudson Valley's most frequently originated type of loan was Conventional, with 440 originations. Their 2nd most popular type was HELOC, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 203 $19,045,000 $93,818 $1,161 4.96%
    Home Purchase 171 $34,735,000 $203,129 $4,317 4.53%
    Refi 43 $8,375,000 $194,767 $2,154 4.81%
    Home Improvement 21 $1,735,000 $82,619 $1,008 4.95%
    Other 8 $360,000 $45,000 $368 5.25%

    For 2018, Mid-hudson Valley's most frequently cited loan purpose was Cash Out Refi, with 203 originations. The 2nd most popular reason was Home Purchase, with 171 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 191 $38,675,000 $202,487 $4,090 4.42%
    15 Year 98 $14,570,000 $148,673 $1,211 4.80%
    10 Year 98 $5,600,000 $57,143 $411 5.36%
    5 Year 31 $1,285,000 $41,452 $388 4.86%
    20 Year 20 $2,710,000 $135,500 $2,292 4.83%
    Other 7 $1,335,000 $190,714 $291 5.68%
    1 Year 1 $75,000 $75,000 $0 6.25%

    For 2018, Mid-hudson Valley's most frequently cited loan duration was 30 Year, with 191 originations. The 2nd most popular length was 15 Year, with 98 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 332 $39,890,000 $120,151
    $1k-2k 30 $5,510,000 $183,667
    $2k-3k 28 $5,350,000 $191,071
    $3k-4k 8 $1,910,000 $238,750
    $4k-5k 7 $1,915,000 $273,571
    $5k+ 4 $1,250,000 $312,500

    Mid-hudson Valley's average total fees were $4,090, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 332 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 308 $47,620,000 $154,610
    3-4% 57 $11,425,000 $200,439
    6-7% 46 $2,250,000 $48,913
    5-6% 33 $2,775,000 $84,091
    <2.5% 1 $105,000 $105,000
    7-8% 1 $75,000 $75,000

    During 2018, Mid-hudson Valley's average interest rate for loans was 4.42%, while their most frequently originated rate bucket for loans was 4-5%, with 308 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 188 $8,920,000 $47,447 $491 5.23%
    $100k-200k 146 $21,850,000 $149,658 $3,326 4.52%
    $200k-400k 99 $26,155,000 $264,192 $4,399 4.36%
    $400k-600k 12 $5,800,000 $483,333 $4,739 4.52%
    $1MM+ 1 $1,525,000 $1,525,000 $0 4.50%

    2018 saw Mid-hudson Valley place emphasis on $100,000 or less loans with 188 originations, totaling $8,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 104 $12,180,000 $117,115 $2,425 4.75%
    $75k-100k 101 $13,895,000 $137,574 $2,631 4.83%
    $100k-150k 89 $13,505,000 $151,742 $2,271 4.80%
    $150k-250k 71 $11,915,000 $167,817 $2,179 4.76%
    $50k or less 51 $4,675,000 $91,667 $1,986 4.81%
    $250k+ 19 $6,595,000 $347,105 $3,632 4.68%

    Mid-hudson Valley lent most frequently to those with incomes in the $50k-75k range, with 104 originations. The second most popular income band? $75k-100k, with 101 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 77 $10,575,000 $137,338 $2,467 4.73%
    20-30% 71 $9,505,000 $133,873 $2,348 4.53%
    <20% 61 $11,345,000 $185,984 $1,673 5.08%
    42% 23 $3,475,000 $151,087 $2,966 4.71%
    43% 22 $3,350,000 $152,273 $3,474 4.75%
    39% 20 $3,210,000 $160,500 $2,869 4.64%
    44% 19 $2,675,000 $140,789 $2,217 4.77%
    38% 18 $3,190,000 $177,222 $3,334 4.60%
    45% 15 $2,395,000 $159,667 $2,424 4.68%
    37% 13 $1,885,000 $145,000 $2,357 4.61%
    40% 12 $2,150,000 $179,167 $3,408 5.05%
    36% 12 $1,540,000 $128,333 $2,169 4.82%
    50-60% 11 $1,025,000 $93,182 $1,149 5.30%
    41% 9 $1,125,000 $125,000 $1,721 5.01%
    46% 9 $1,485,000 $165,000 $2,233 4.67%
    48% 8 $730,000 $91,250 $1,598 5.01%
    47% 7 $835,000 $119,286 $2,027 4.66%
    49% 7 $745,000 $106,429 $2,529 4.71%
    >60% 5 $565,000 $113,000 $2,061 4.63%

    Mid-hudson Valley lent most frequently to those with DTI ratios of 30-36%, with 77 originations. The next most common DTI ratio? 20-30%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 328 $49,690,000 $151,494 $2,388 4.76%
    Not provided 95 $10,305,000 $108,474 $2,126 4.89%
    Black 13 $2,515,000 $193,462 $3,444 4.90%
    Asian 7 $1,355,000 $193,571 $3,187 4.27%
    American Indian 3 $385,000 $128,333 $2,289 4.58%

    Approval Rates

    Total approvals of all applications
    83.54%

    Mid-hudson Valley has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.35%

    Mid-hudson Valley has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 446 $64,250,000 $144,058

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $4,630,000 $578,750
    Single Family (1-4 Units):Manufactured 1 $135,000 $135,000
    Single Family (1-4 Units):Site-Built 437 $59,485,000 $136,121

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $6,135,000 $75,741 $708 5.02%
    40-60% 35 $4,845,000 $138,429 $1,865 4.63%
    60-80% 106 $23,960,000 $226,038 $3,714 4.39%
    80-100% 114 $23,360,000 $204,912 $4,244 4.48%
    Over 100% 1 $185,000 $185,000 $5,428 4.75%
    Under 20% 93 $4,835,000 $51,989 $397 5.39%