Hudson Heritage Mortgage Rates, Fees & Info
Middletown, NYLEI: 5493005ZSV53K4M63M18
Tax ID: 14-1348251
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Mortgage Data
Review & Overview
Hudson Heritage is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Hudson Heritage has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, New York, Albany, and Allentown among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Hudson Heritage has an average approval rate when compared to the average across all lenders. Hudson Heritage 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.21% | 4/17/25 |
| 30 Year Conventional Refi | 6.32% | 4/17/25 |
| 15 Year Conventional Purchase | 6.00% | 4/17/25 |
| 15 Year Conventional Refi | 6.77% | 4/17/25 |
| 15 Year Cash-out Refi | 6.77% | 4/17/25 |
| 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. | ||
Hudson Heritage Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
536Origination Dollar Volume (All Markets)
$89,930,000Relative Rate
Hudson Heritage's average 30 year fixed mortgage rate was
5.8%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.75%.
Relative Fees (Closing Costs)
Hudson Heritage's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,132.
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 $8,356.
Top Markets
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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) | 331 | $51,965,000 | $156,994 | $137 | 7.70% |
| KINGSTON, NY (FHA|USDA|VA) | 67 | $15,155,000 | $226,194 | $267 | 7.07% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 82 | $12,650,000 | $154,268 | $146 | 8.13% |
| Outside of Metro Areas | 32 | $5,240,000 | $163,750 | $183 | 8.03% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 6.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $0 | 6.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 6.06% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 6.13% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 8.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.00% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.63% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 7.50% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 8.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.75% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 8.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 10.00% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 7.50% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.13% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 10.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 390 | $72,410,000 | $185,667 | $152 | 7.34% |
| HELOC | 146 | $17,520,000 | $120,000 | n/a | 8.57% |
For 2024, Hudson Heritage's most frequently originated type of loan was Conventional, with 390 originations. Their 2nd most popular type was HELOC, with 146 originations.
Loan Reason
For 2024, Hudson Heritage's most frequently cited loan purpose was Home Improvement, with 352 originations. The 2nd most popular reason was Home Purchase, with 129 originations.
Loan Duration/Length
For 2024, Hudson Heritage's most frequently cited loan duration was Other, with 148 originations. The 2nd most popular length was 30 Year, with 146 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 382 | $70,080,000 | $183,455 |
| $1k-2k | 8 | $2,330,000 | $291,250 |
Hudson Heritage's average total fees were $3,132, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 382 originations.
Interest Rates
During 2024, Hudson Heritage's average interest rate for loans was 5.80%, while their most frequently originated rate bucket for loans was Over 8%, with 177 originations.
Loan Sizing
2024 saw Hudson Heritage place emphasis on $100,000 or less loans with 264 originations, totaling $16,120,000 in origination value.
Applicant Income
Hudson Heritage lent most frequently to those with incomes in the $100k-150k range, with 188 originations. The second most popular income band? $150k-250k, with 127 originations.
Applicant Debt to Income Ratio
Hudson Heritage lent most frequently to those with DTI ratios of 30-36%, with 101 originations. The next most common DTI ratio? 20-30%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.59%
Hudson Heritage has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 536 | $89,930,000 | $167,780 |