Hudson Heritage Mortgage Rates, Fees & Info

Middletown, NY

LEI: 5493005ZSV53K4M63M18

Tax ID: 14-1348251

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, Albany, and Palm Bay among others. We have data for 31 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. They have an above average pick rate when compared to similar 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

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

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Hudson Heritage. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

546

Origination Dollar Volume (All Markets)

$108,360,000

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) 336 $69,000,000 $205,357 $447 3.47%
KINGSTON, NY (FHA|USDA|VA) 82 $17,220,000 $210,000 $1,257 3.14%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 64 $11,960,000 $186,875 $0 4.26%
Outside of Metro Areas 31 $4,665,000 $150,484 $242 3.73%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $555,000 $185,000 $0 2.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $430,000 $215,000 $0 2.81%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $385,000 $385,000 $0 3.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $370,000 $185,000 $0 2.69%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 2.63%
LANCASTER, PA (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.13%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.25%
GLENS FALLS, NY (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.50%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.25%
Hudson, NY (FHA|USDA|VA) 2 $190,000 $95,000 $0 4.44%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.38%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $160,000 $80,000 $0 2.81%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.50%
ROCHESTER, NY (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.88%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.50%
SYRACUSE, NY (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.13%
WILMINGTON, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.25%
PITTSBURGH, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.00%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.75%
Hudson Heritage's top markets include Poughkeepsie, Kingston, New York, Albany, and Palm Bay among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 545 $108,285,000 $198,688 $444 3.49%
    HELOC 1 $75,000 $75,000 n/a 9.00%

    For 2021, Hudson Heritage's most frequently originated type of loan was Conventional, with 545 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 403 $74,145,000 $183,983 $409 3.67%
    Home Purchase 143 $34,215,000 $239,266 $3,899 3.03%

    For 2021, Hudson Heritage's most frequently cited loan purpose was Refi, with 403 originations. The 2nd most popular reason was Home Purchase, with 143 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 241 $61,075,000 $253,423 $2,782 3.09%
    15 Year 155 $27,125,000 $175,000 $800 2.99%
    20 Year 66 $11,570,000 $175,303 $540 3.99%
    10 Year 58 $4,590,000 $79,138 $280 5.41%
    5 Year 13 $565,000 $43,462 $0 6.48%
    Other 13 $3,435,000 $264,231 $0 3.09%

    For 2021, Hudson Heritage's most frequently cited loan duration was 30 Year, with 241 originations. The 2nd most popular length was 15 Year, with 155 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 500 $97,170,000 $194,340
    $1k-2k 33 $7,425,000 $225,000
    $5k+ 5 $1,695,000 $339,000
    $3k-4k 3 $725,000 $241,667
    $2k-3k 2 $690,000 $345,000
    $4k-5k 1 $175,000 $175,000

    Hudson Heritage's average total fees were $2,782, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 500 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 198 $46,190,000 $233,283
    3-4% 128 $30,540,000 $238,594
    <2.5% 119 $22,035,000 $185,168
    5-6% 39 $2,945,000 $75,513
    6-7% 21 $1,355,000 $64,524
    Over 8% 16 $1,070,000 $66,875
    7-8% 10 $660,000 $66,000
    4-5% 7 $1,345,000 $192,143

    During 2021, Hudson Heritage's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 198 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 222 $60,980,000 $274,685 $3,180 2.95%
    $100k-200k 186 $27,990,000 $150,484 $829 3.08%
    $100,000 or less 110 $6,310,000 $57,364 $39 5.42%
    $400k-600k 26 $11,810,000 $454,231 $0 2.98%
    $600k-1MM 2 $1,270,000 $635,000 $0 3.31%

    2021 saw Hudson Heritage place emphasis on $200k-400k loans with 222 originations, totaling $60,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 141 $33,415,000 $236,986 $2,639 2.90%
    $50k or less 115 $9,775,000 $85,000 $87 5.88%
    $75k-100k 113 $22,305,000 $197,389 $3,165 2.82%
    $150k-250k 89 $24,955,000 $280,393 $3,855 2.84%
    $50k-75k 74 $13,200,000 $178,378 $0 2.87%
    $250k+ 14 $4,710,000 $336,429 $2,770 2.94%

    Hudson Heritage lent most frequently to those with incomes in the $100k-150k range, with 141 originations. The second most popular income band? $50k or less, with 115 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 195 $29,015,000 $148,795 $155 4.62%
    30-36% 98 $20,650,000 $210,714 $3,780 2.82%
    <20% 32 $6,580,000 $205,625 $2,444 2.78%
    38% 22 $4,480,000 $203,636 $3,385 2.78%
    44% 21 $4,425,000 $210,714 $2,944 2.86%
    39% 19 $4,545,000 $239,211 $0 2.84%
    36% 19 $4,645,000 $244,474 $0 2.82%
    49% 18 $4,070,000 $226,111 $4,417 2.88%
    40% 17 $4,965,000 $292,059 $0 2.98%
    42% 16 $4,010,000 $250,625 $0 2.78%
    43% 14 $4,210,000 $300,714 $0 3.01%
    41% 14 $3,070,000 $219,286 $0 2.88%
    37% 12 $3,380,000 $281,667 $0 2.93%
    47% 11 $2,065,000 $187,727 $0 2.99%
    45% 11 $2,445,000 $222,273 $0 3.07%
    48% 9 $2,135,000 $237,222 $0 2.97%
    50-60% 8 $1,690,000 $211,250 $0 3.28%
    46% 5 $955,000 $191,000 $0 2.98%

    Hudson Heritage lent most frequently to those with DTI ratios of 20-30%, with 195 originations. The next most common DTI ratio? 30-36%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 341 $65,735,000 $192,771 $255 3.66%
    Not provided 177 $37,655,000 $212,740 $1,163 3.07%
    Black 23 $4,155,000 $180,652 $1,157 4.29%
    Asian 3 $415,000 $138,333 $0 2.63%
    Chinese 1 $345,000 $345,000 $0 4.38%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 10.50%

    Approval Rates

    Total approvals of all applications
    97.68%

    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
    99.82%

    Hudson Heritage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 546 $108,360,000 $198,462

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    546 $108,360,000 $198,462

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $6,755,000 $100,821 $130 4.20%
    40-60% 112 $20,980,000 $187,321 $1,335 2.89%
    60-80% 200 $49,520,000 $247,600 $2,473 3.00%
    80-100% 116 $28,810,000 $248,362 $1,711 3.09%
    Under 20% 51 $2,295,000 $45,000 $57 6.78%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Hudson United Mortgage LLC Conventional home mortgage Trouble during payment process 1 100.0%