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 Refi and Home Purchase loans. Hudson Heritage has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, New York, Orlando, and Bridgeport among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Hudson Heritage has an above 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 relatively high 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 | 6.45% | 4/18/24 |
| 30 Year Conventional Refi | 6.78% | 4/18/24 |
| 30 Year Cash-out Refi | 6.61% | 4/18/24 |
| 15 Year Conventional Purchase | 6.03% | 4/18/24 |
| 15 Year Conventional Refi | 7.36% | 4/18/24 |
| 15 Year Cash-out Refi | 7.36% | 4/18/24 |
| 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. | ||
Hudson Heritage Mortgage Calculator
Your Estimates
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This is not an official calculator from Hudson Heritage. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
580Origination Dollar Volume (All Markets)
$92,360,000Relative Rate
Hudson Heritage's average 30 year fixed mortgage rate was
5.52%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.96%.
Relative Fees (Closing Costs)
Hudson Heritage's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,093.
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 $9,089.
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) | 356 | $53,460,000 | $150,169 | $204 | 7.62% |
| KINGSTON, NY (FHA|USDA|VA) | 75 | $16,995,000 | $226,600 | $478 | 6.76% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 70 | $8,780,000 | $125,429 | $290 | 8.03% |
| Outside of Metro Areas | 44 | $5,920,000 | $134,545 | $282 | 7.02% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $0 | 6.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 6.13% |
| Oneonta, NY (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 5.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 5.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 8.63% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 6.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 6.71% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 5.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 5.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 6.13% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 5.25% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $380 | 8.92% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 7.63% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.50% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.63% |
| Hudson, NY (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 8.00% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.38% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.25% |
| READING, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 381 | $68,955,000 | $180,984 | $245 | 6.96% |
| HELOC | 199 | $23,405,000 | $117,613 | n/a | 8.44% |
For 2023, Hudson Heritage's most frequently originated type of loan was Conventional, with 381 originations. Their 2nd most popular type was HELOC, with 199 originations.
Loan Reason
For 2023, Hudson Heritage's most frequently cited loan purpose was Refi, with 364 originations. The 2nd most popular reason was Home Purchase, with 154 originations.
Loan Duration/Length
For 2023, Hudson Heritage's most frequently cited loan duration was Other, with 209 originations. The 2nd most popular length was 30 Year, with 161 originations.
Origination Fees/Closing Costs
Hudson Heritage's average total fees were $4,093, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 305 originations.
Interest Rates
During 2023, Hudson Heritage's average interest rate for loans was 5.52%, while their most frequently originated rate bucket for loans was 7-8%, with 189 originations.
Loan Sizing
2023 saw Hudson Heritage place emphasis on $100,000 or less loans with 271 originations, totaling $16,155,000 in origination value.
Applicant Income
Hudson Heritage lent most frequently to those with incomes in the $100k-150k range, with 183 originations. The second most popular income band? $150k-250k, with 142 originations.
Applicant Debt to Income Ratio
Hudson Heritage lent most frequently to those with DTI ratios of 20-30%, with 113 originations. The next most common DTI ratio? 30-36%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.10%
Hudson Heritage has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 580 | $92,360,000 | $159,241 |