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, New York, Kingston, Palm Bay, and Atlanta among others. We have data for 12 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.
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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
271Origination Dollar Volume (All Markets)
$38,885,000Top 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) | 187 | $27,885,000 | $149,118 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 30 | $4,220,000 | $140,667 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 25 | $3,385,000 | $135,400 | $0 | 0.00% |
| Outside of Metro Areas | 20 | $2,280,000 | $114,000 | $0 | 0.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 271 | $38,885,000 | $143,487 | $0 | 0.00% |
For 2019, Hudson Heritage's most frequently originated type of loan was Conventional, with 271 originations.
Loan Reason
For 2019, Hudson Heritage's most frequently cited loan purpose was Home Purchase, with 99 originations. The 2nd most popular reason was Home Improvement, with 99 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 271 | $38,885,000 | $143,487 | $0 | 0.00% |
For 2019, Hudson Heritage's most frequently cited loan duration was Other, with 271 originations.
Loan Sizing
2019 saw Hudson Heritage place emphasis on $100,000 or less loans with 111 originations, totaling $5,705,000 in origination value.
Applicant Income
Hudson Heritage lent most frequently to those with incomes in the $100k-150k range, with 102 originations. The second most popular income band? $75k-100k, with 69 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 271 | $38,885,000 | $143,487 | $0 | 0.00% |
Hudson Heritage lent most frequently to those with DTI ratios of Exempt%, with 271 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 | 271 | $38,885,000 | $143,487 |