Orange Bank &trust Company Mortgage Rates, Fees & Info

Middletown, NY

LEI: 5493005ONLDV0W4QDI82

Tax ID: 14-0945678

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Orange Bank &trust Company is a smaller bank specializing in Refi and Home Purchase loans. Orange Bank &trust Company has a high proportion of conventional loans. Their top markets by origination volume include: New York, Poughkeepsie, Bridgeport, New Haven, and Kingston among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Orange Bank &trust Company 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.

    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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    Originations

    56

    Origination Dollar Volume (All Markets)

    $61,970,000

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 26 $43,430,000 $1,670,385 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 21 $10,025,000 $477,381 $0 0.00%
    Outside of Metro Areas 3 $3,885,000 $1,295,000 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 3 $2,215,000 $738,333 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 2 $1,140,000 $570,000 $0 0.00%
    Orange Bank &trust Company's top markets include New York, Poughkeepsie, Bridgeport, New Haven, and Kingston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 56 $61,970,000 $1,106,607 $0 0.00%

    For 2022, Orange Bank &trust Company's most frequently originated type of loan was Conventional, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 31 $34,935,000 $1,126,935 $0 0.00%
    Home Purchase 18 $18,640,000 $1,035,556 $0 0.00%
    Home Improvement 4 $250,000 $62,500 $0 0.00%
    Cash Out Refi 3 $8,145,000 $2,715,000 $0 0.00%

    For 2022, Orange Bank &trust Company's most frequently cited loan purpose was Refi, with 31 originations. The 2nd most popular reason was Home Purchase, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 56 $61,970,000 $1,106,607 $0 0.00%

    For 2022, Orange Bank &trust Company's most frequently cited loan duration was Other, with 56 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 15 $11,425,000 $761,667 $0 0.00%
    $1MM+ 14 $41,150,000 $2,939,286 $0 0.00%
    $400k-600k 12 $6,170,000 $514,167 $0 0.00%
    $200k-400k 9 $2,725,000 $302,778 $0 0.00%
    $100,000 or less 4 $250,000 $62,500 $0 0.00%
    $100k-200k 2 $250,000 $125,000 $0 0.00%

    2022 saw Orange Bank &trust Company place emphasis on $600k-1MM loans with 15 originations, totaling $11,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 11 $10,425,000 $947,727 $0 0.00%
    $75k-100k 6 $920,000 $153,333 $0 0.00%
    $100k-150k 5 $995,000 $199,000 $0 0.00%
    $150k-250k 5 $2,405,000 $481,000 $0 0.00%

    Orange Bank &trust Company lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $75k-100k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 56 $61,970,000 $1,106,607 $0 0.00%

    Orange Bank &trust Company lent most frequently to those with DTI ratios of Exempt%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 29 $47,225,000 $1,628,448 $0 0.00%
    White 19 $8,535,000 $449,211 $0 0.00%
    Not provided 8 $6,210,000 $776,250 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.37%

    Orange Bank &trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    58.93%

    Orange Bank &trust Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 56 $61,970,000 $1,106,607

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    56 $61,970,000 $1,106,607