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, New York, Kingston, Myrtle Beach, and Allentown among others. We have data for 34 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 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 | 6.45% | 12/16/24 |
| 30 Year Conventional Refi | 6.78% | 12/16/24 |
| 30 Year Cash-out Refi | 6.61% | 12/16/24 |
| 15 Year Conventional Purchase | 6.03% | 12/16/24 |
| 15 Year Conventional Refi | 7.36% | 12/16/24 |
| 15 Year Cash-out Refi | 7.36% | 12/16/24 |
| 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
510Origination Dollar Volume (All Markets)
$104,990,000Top 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) | 302 | $58,930,000 | $195,132 | $2,147 | 3.31% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 71 | $18,215,000 | $256,549 | $0 | 3.11% |
| KINGSTON, NY (FHA|USDA|VA) | 74 | $16,270,000 | $219,865 | $0 | 3.31% |
| Outside of Metro Areas | 31 | $5,225,000 | $168,548 | $0 | 3.55% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 2.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 2.44% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 4.13% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 2.44% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.88% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 2.63% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 2.75% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.00% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 2.63% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.75% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.88% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,526 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 2.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 2.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.38% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 2.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.50% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.99% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 510 | $104,990,000 | $205,863 | $2,492 | 3.28% |
For 2020, Hudson Heritage's most frequently originated type of loan was Conventional, with 510 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 387 | $75,305,000 | $194,587 | $1,220 | 3.37% |
| Home Purchase | 123 | $29,685,000 | $241,341 | $3,763 | 2.99% |
For 2020, Hudson Heritage's most frequently cited loan purpose was Refi, with 387 originations. The 2nd most popular reason was Home Purchase, with 123 originations.
Loan Duration/Length
For 2020, Hudson Heritage's most frequently cited loan duration was 30 Year, with 225 originations. The 2nd most popular length was 15 Year, with 150 originations.
Origination Fees/Closing Costs
Hudson Heritage's average total fees were $3,763, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 481 originations.
Interest Rates
During 2020, Hudson Heritage's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was <2.5%, with 170 originations.
Loan Sizing
2020 saw Hudson Heritage place emphasis on $200k-400k loans with 220 originations, totaling $58,410,000 in origination value.
Applicant Income
Hudson Heritage lent most frequently to those with incomes in the $100k-150k range, with 148 originations. The second most popular income band? $75k-100k, with 118 originations.
Applicant Debt to Income Ratio
Hudson Heritage lent most frequently to those with DTI ratios of <20%, with 505 originations. The next most common DTI ratio? 20-30%, with 2 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.23%
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 |
|---|---|---|---|
| NA | 510 | $104,990,000 | $205,863 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $265,000 | $265,000 |
| Single Family (1-4 Units):Site-Built | 509 | $104,725,000 | $205,747 |