Hudson Heritage Mortgage Rates, Fees & Info

Middletown, NY

LEI: 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.45% 3/28/24
30 Year Conventional Refi 6.78% 3/28/24
30 Year Cash-out Refi 6.61% 3/28/24
15 Year Conventional Purchase 6.03% 3/28/24
15 Year Conventional Refi 7.36% 3/28/24
15 Year Cash-out Refi 7.36% 3/28/24
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

510

Origination Dollar Volume (All Markets)

$104,990,000

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) 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%
Hudson Heritage's top markets include Poughkeepsie, New York, Kingston, Myrtle Beach, and Allentown among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 225 $54,495,000 $242,200 $3,763 3.05%
    15 Year 150 $27,830,000 $185,533 $0 3.03%
    10 Year 55 $6,195,000 $112,636 $1,220 4.77%
    20 Year 52 $11,900,000 $228,846 $0 2.90%
    Other 21 $4,295,000 $204,524 $0 3.24%
    5 Year 7 $275,000 $39,286 $0 7.18%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 481 $97,985,000 $203,711
    $1k-2k 5 $1,315,000 $263,000
    $3k-4k 3 $2,105,000 $701,667
    $2k-3k 2 $850,000 $425,000
    $4k-5k 1 $645,000 $645,000

    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

    Loan Rate Originations Total Value Average Loan
    <2.5% 170 $37,470,000 $220,412
    2.5-3% 168 $40,180,000 $239,167
    3-4% 99 $20,695,000 $209,040
    4-5% 22 $3,430,000 $155,909
    5-6% 20 $1,390,000 $69,500
    Over 8% 15 $795,000 $53,000
    6-7% 13 $825,000 $63,462
    7-8% 3 $205,000 $68,333

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 220 $58,410,000 $265,500 $4,001 2.79%
    $100k-200k 182 $28,080,000 $154,286 $3,526 3.02%
    $100,000 or less 84 $5,220,000 $62,143 $1,220 5.28%
    $400k-600k 19 $8,525,000 $448,684 $0 2.75%
    $600k-1MM 3 $2,045,000 $681,667 $0 2.79%
    $1MM+ 2 $2,710,000 $1,355,000 $0 2.44%

    2020 saw Hudson Heritage place emphasis on $200k-400k loans with 220 originations, totaling $58,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 148 $29,350,000 $198,311 $2,623 3.44%
    $75k-100k 118 $21,110,000 $178,898 $2,360 3.39%
    $150k-250k 111 $27,345,000 $246,351 $0 2.86%
    $50k-75k 71 $11,595,000 $163,310 $0 3.63%
    $50k or less 37 $4,895,000 $132,297 $0 3.26%
    $250k+ 25 $10,695,000 $427,800 $0 2.69%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 505 $103,465,000 $204,881 $2,492 3.28%
    20-30% 2 $410,000 $205,000 $0 2.75%
    50-60% 2 $810,000 $405,000 $0 3.81%
    48% 1 $305,000 $305,000 $0 2.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 358 $71,770,000 $200,475 $3,763 3.42%
    Not provided 139 $30,895,000 $222,266 $1,220 2.92%
    Black 13 $2,325,000 $178,846 $0 3.18%

    Approval Rates

    Total approvals of all applications
    96.23%

    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 origination

    Points 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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $4,585,000 $101,889 $0 4.58%
    40-60% 96 $16,860,000 $175,625 $0 2.84%
    60-80% 207 $46,855,000 $226,353 $0 2.87%
    80-100% 132 $34,980,000 $265,000 $3,763 3.09%
    Over 100% 2 $560,000 $280,000 $0 3.25%
    Under 20% 28 $1,150,000 $41,071 $1,220 6.59%