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 Home Purchase and Cash Out Refi 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 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    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

    464

    Origination Dollar Volume (All Markets)

    $77,180,000

    Awards

    MID-HUDSON VALLEY 30 Year Conventional Loans silver MID-HUDSON VALLEY 30 Year Conventional Loans silver MID-HUDSON VALLEY 30 Year Conventional Loans gold
    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
    KINGSTON, NY (FHA|USDA|VA) 222 $35,230,000 $158,694 $2,375 4.56%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 193 $33,445,000 $173,290 $3,069 4.35%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 14 $2,890,000 $206,429 $2,863 4.51%
    Outside of Metro Areas 17 $2,805,000 $165,000 $3,029 3.95%
    Hudson, NY (FHA|USDA|VA) 17 $2,695,000 $158,529 $2,907 4.31%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $115,000 $115,000 $3,159 3.88%
    Mid-hudson Valley's top markets include Kingston, Poughkeepsie, 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.

    CCFCU FUNDING, LLC
    Similarity Rank: 216
    MID-HUDSON VALLEY
    Similarity Rank: 222
    SILVERMINE VENTURES LLC
    Similarity Rank: 273
    TrustCo Bank
    Similarity Rank: 286
    Ulster Savings Bank
    Similarity Rank: 301
    TEG Federal Credit Union
    Similarity Rank: 343
    Municipal Credit Union
    Similarity Rank: 408
    ARK MORTGAGE, INC.
    Similarity Rank: 492
    HUDSON VALLEY CREDIT UNION
    Similarity Rank: 532
    MID-ISLAND MORTGAGE CORP.
    Similarity Rank: 572

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 463 $77,005,000 $166,317 $2,736 4.44%
    HELOC 1 $175,000 $175,000 n/a 4.50%

    For 2019, Mid-hudson Valley's most frequently originated type of loan was Conventional, with 463 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 210 $46,970,000 $223,667 $4,198 4.05%
    Cash Out Refi 189 $20,055,000 $106,111 $1,415 4.87%
    Refi 53 $9,525,000 $179,717 $2,199 4.18%
    Other 11 $585,000 $53,182 $262 5.50%
    Home Improvement 1 $45,000 $45,000 $538 5.75%

    For 2019, Mid-hudson Valley's most frequently cited loan purpose was Home Purchase, with 210 originations. The 2nd most popular reason was Cash Out Refi, with 189 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 218 $44,890,000 $205,917 $4,097 4.00%
    15 Year 129 $22,845,000 $177,093 $1,623 4.44%
    10 Year 76 $3,780,000 $49,737 $437 5.37%
    20 Year 22 $2,350,000 $106,818 $1,723 5.25%
    5 Year 11 $565,000 $51,364 $349 4.82%
    Other 4 $1,090,000 $272,500 $3,296 4.66%
    30+ year 3 $1,245,000 $415,000 $8,413 4.71%
    3 Year 1 $415,000 $415,000 $0 0.00%

    For 2019, Mid-hudson Valley's most frequently cited loan duration was 30 Year, with 218 originations. The 2nd most popular length was 15 Year, with 129 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 327 $44,135,000 $134,969
    $1k-2k 49 $9,905,000 $202,143
    $2k-3k 19 $4,355,000 $229,211
    $3k-4k 16 $3,810,000 $238,125
    $5k+ 7 $2,245,000 $320,714
    $4k-5k 4 $990,000 $247,500

    Mid-hudson Valley's average total fees were $4,097, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 327 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 170 $38,640,000 $227,294
    4-5% 157 $24,025,000 $153,025
    5-6% 75 $8,095,000 $107,933
    6-7% 35 $1,395,000 $39,857
    2.5-3% 22 $4,250,000 $193,182
    <2.5% 1 $105,000 $105,000

    During 2019, Mid-hudson Valley's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 3-4%, with 170 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 163 $24,005,000 $147,270 $3,049 4.09%
    $100,000 or less 144 $7,100,000 $49,306 $633 5.33%
    $200k-400k 139 $35,575,000 $255,935 $4,448 3.98%
    $400k-600k 14 $6,410,000 $457,857 $4,529 3.85%
    $600k-1MM 3 $2,415,000 $805,000 $12,819 4.71%
    $1MM+ 1 $1,675,000 $1,675,000 $0 3.75%

    2019 saw Mid-hudson Valley place emphasis on $100k-200k loans with 163 originations, totaling $24,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 114 $20,700,000 $181,579 $2,721 4.41%
    $75k-100k 105 $15,025,000 $143,095 $2,796 4.51%
    $50k-75k 101 $14,355,000 $142,129 $2,738 4.44%
    $150k-250k 63 $12,785,000 $202,937 $2,555 4.51%
    $50k or less 58 $6,660,000 $114,828 $2,469 4.35%
    $250k+ 16 $6,250,000 $390,625 $3,477 4.49%

    Mid-hudson Valley lent most frequently to those with incomes in the $100k-150k range, with 114 originations. The second most popular income band? $75k-100k, with 105 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 90 $13,990,000 $155,444 $2,790 4.33%
    <20% 80 $15,790,000 $197,375 $1,871 4.73%
    30-36% 80 $12,020,000 $150,250 $2,959 4.29%
    50-60% 20 $2,840,000 $142,000 $1,458 4.76%
    42% 19 $3,205,000 $168,684 $3,244 4.36%
    39% 19 $3,745,000 $197,105 $2,933 4.44%
    44% 17 $2,325,000 $136,765 $3,073 4.36%
    38% 17 $2,455,000 $144,412 $2,200 4.51%
    41% 17 $3,095,000 $182,059 $3,130 4.60%
    45% 15 $2,395,000 $159,667 $3,371 4.40%
    43% 15 $3,525,000 $235,000 $4,276 4.24%
    36% 14 $2,400,000 $171,429 $2,878 4.36%
    40% 14 $2,130,000 $152,143 $2,532 4.29%
    37% 10 $1,990,000 $199,000 $2,751 4.51%
    47% 10 $1,230,000 $123,000 $1,871 4.37%
    48% 9 $1,225,000 $136,111 $2,603 4.58%
    46% 6 $870,000 $145,000 $1,911 4.23%
    49% 5 $925,000 $185,000 $3,116 4.73%
    >60% 2 $160,000 $80,000 $1,058 5.00%

    Mid-hudson Valley lent most frequently to those with DTI ratios of 20-30%, with 90 originations. The next most common DTI ratio? <20%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 350 $59,290,000 $169,400 $2,692 4.44%
    Not provided 95 $15,085,000 $158,789 $2,850 4.47%
    Black 13 $1,785,000 $137,308 $2,988 4.39%
    Asian 5 $875,000 $175,000 $2,539 3.87%
    American Indian 1 $145,000 $145,000 $3,739 3.13%

    Approval Rates

    Total approvals of all applications
    81.00%

    Mid-hudson Valley has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.98%

    Mid-hudson Valley has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 464 $77,180,000 $166,336

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $740,000 $123,333
    Single Family (1-4 Units):Site-Built 458 $76,440,000 $166,900

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $4,570,000 $73,710 $841 4.96%
    40-60% 50 $7,810,000 $156,200 $2,105 4.25%
    60-80% 114 $26,800,000 $235,088 $3,615 3.94%
    80-100% 155 $33,875,000 $218,548 $4,176 4.08%
    Over 100% 5 $905,000 $181,000 $4,104 5.05%
    Under 20% 78 $3,220,000 $41,282 $417 5.55%