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 Purchase and Refi loans. Hudson Heritage has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, New York, Hartford, and Albany among others. We have data for 8 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.45% | 4/21/24 |
| 30 Year Conventional Refi | 6.78% | 4/21/24 |
| 30 Year Cash-out Refi | 6.61% | 4/21/24 |
| 15 Year Conventional Purchase | 6.03% | 4/21/24 |
| 15 Year Conventional Refi | 7.36% | 4/21/24 |
| 15 Year Cash-out Refi | 7.36% | 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. | ||
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
112Origination Dollar Volume (All Markets)
$17,050,000Top 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) | 79 | $11,485,000 | $145,380 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 14 | $2,180,000 | $155,714 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 9 | $2,035,000 | $226,111 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $575,000 | $115,000 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 112 | $17,050,000 | $152,232 | $0 | 0.00% |
For 2018, Hudson Heritage's most frequently originated type of loan was Conventional, with 112 originations.
Loan Reason
For 2018, Hudson Heritage's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 112 | $17,050,000 | $152,232 | $0 | 0.00% |
For 2018, Hudson Heritage's most frequently cited loan duration was Other, with 112 originations.
Loan Sizing
2018 saw Hudson Heritage place emphasis on $100,000 or less loans with 46 originations, totaling $2,830,000 in origination value.
Applicant Income
Hudson Heritage lent most frequently to those with incomes in the $75k-100k range, with 78 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 112 | $17,050,000 | $152,232 | $0 | 0.00% |
Hudson Heritage lent most frequently to those with DTI ratios of Exempt%, with 112 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Hudson Heritage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 112 | $17,050,000 | $152,232 |