Syracuse Securities Mortgage Rates, Fees & Info

East Syracuse, NY

LEI: 54930075J06TVV0VZ870

Tax ID: 15-6019325

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Syracuse Securities is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Syracuse Securities has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Syracuse, Buffalo, Utica, Auburn, and Cortland among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Syracuse Securities 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. Syracuse Securities 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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    Originations

    594

    Origination Dollar Volume (All Markets)

    $84,510,000

    Awards

    Syracuse Securities VA Loans gold Syracuse Securities FHA Loans gold Syracuse Securities USDA Loans gold Syracuse Securities FHA Loans bronze
    Show all (4) awards

    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
    SYRACUSE, NY (FHA|USDA|VA) 448 $62,210,000 $138,862 $4,675 4.59%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 37 $6,505,000 $175,811 $3,909 4.79%
    UTICA-ROME, NY (FHA|USDA|VA) 43 $6,305,000 $146,628 $4,893 4.61%
    Auburn, NY (FHA|USDA|VA) 19 $2,825,000 $148,684 $4,860 4.54%
    Cortland, NY (FHA|USDA|VA) 11 $1,175,000 $106,818 $4,922 4.90%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $640,000 $320,000 $8,942 3.81%
    ROCHESTER, NY (FHA|USDA|VA) 4 $620,000 $155,000 $4,276 4.09%
    BINGHAMTON, NY (FHA|USDA|VA) 2 $610,000 $305,000 $3,443 4.63%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 2 $520,000 $260,000 $3,322 4.50%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $495,000 $165,000 $5,150 4.50%
    Outside of Metro Areas 4 $450,000 $112,500 $4,646 4.84%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 4 $440,000 $110,000 $3,275 4.75%
    Oneonta, NY (FHA|USDA|VA) 3 $355,000 $118,333 $4,378 4.71%
    ITHACA, NY (FHA|USDA|VA) 2 $290,000 $145,000 $5,463 4.56%
    Batavia, NY (FHA|USDA|VA) 2 $230,000 $115,000 $5,298 5.00%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 3 $215,000 $71,667 $2,938 5.04%
    Olean, NY (FHA|USDA|VA) 1 $205,000 $205,000 $3,206 5.00%
    Plattsburgh, NY (FHA|USDA|VA) 1 $175,000 $175,000 $7,139 4.13%
    Corning, NY (FHA|USDA|VA) 1 $85,000 $85,000 $4,096 4.63%
    Malone, NY (FHA|USDA|VA) 1 $85,000 $85,000 $2,739 4.63%
    Seneca Falls, NY (FHA|USDA|VA) 1 $75,000 $75,000 $3,180 5.75%
    Syracuse Securities's top markets include Syracuse, Buffalo, Utica, Auburn, and Cortland among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Syracuse Securities based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GREATER WOODLAWN FEDERAL CREDIT UNION
    Similarity Rank: 33
    SECNY Federal Credit Union
    Similarity Rank: 44
    VISIONS
    Similarity Rank: 50
    ONTARIO SHORES
    Similarity Rank: 52
    Geddes Federal Savings and Loan Association
    Similarity Rank: 60
    COUNTRYSIDE Federal Credit Union
    Similarity Rank: 84
    Adirondack Bank
    Similarity Rank: 126
    Moog Employees Federal Credit Union
    Similarity Rank: 130
    CCFCU FUNDING, LLC
    Similarity Rank: 260
    Fairport Savings Bank
    Similarity Rank: 336

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    FHA 265 $35,895,000 $135,453 $5,571 4.47%
    Conventional 254 $36,410,000 $143,346 $3,734 4.77%
    VA 55 $10,265,000 $186,636 $4,414 4.54%
    USDA 20 $1,940,000 $97,000 $4,342 4.61%

    For 2018, Syracuse Securities's most frequently originated type of loan was FHA, with 265 originations. Their 2nd most popular type was Conventional, with 254 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 554 $78,950,000 $142,509 $4,672 4.61%
    Refi 35 $4,705,000 $134,429 $3,996 4.59%
    Cash Out Refi 3 $495,000 $165,000 $5,293 4.63%
    Home Improvement 2 $360,000 $180,000 $5,564 4.50%

    For 2018, Syracuse Securities's most frequently cited loan purpose was Home Purchase, with 554 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 560 $79,860,000 $142,607 $4,700 4.61%
    15 Year 21 $2,315,000 $110,238 $3,830 4.49%
    20 Year 13 $2,335,000 $179,615 $3,315 4.70%

    For 2018, Syracuse Securities's most frequently cited loan duration was 30 Year, with 560 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 321 $46,805,000 $145,810
    $1k-2k 221 $28,955,000 $131,018
    $2k-3k 30 $4,680,000 $156,000
    $3k-4k 14 $2,260,000 $161,429
    $4k-5k 6 $1,180,000 $196,667
    $5k+ 2 $630,000 $315,000

    Syracuse Securities's average total fees were $4,700, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 321 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 462 $67,660,000 $146,450
    5-6% 65 $6,975,000 $107,308
    3-4% 62 $9,390,000 $151,452
    6-7% 2 $160,000 $80,000

    During 2018, Syracuse Securities's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 462 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 344 $48,990,000 $142,413 $4,763 4.55%
    $100,000 or less 157 $11,705,000 $74,554 $3,739 4.78%
    $200k-400k 90 $22,500,000 $250,000 $5,748 4.52%
    $400k-600k 3 $1,315,000 $438,333 $4,228 4.50%

    2018 saw Syracuse Securities place emphasis on $100k-200k loans with 344 originations, totaling $48,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 195 $26,235,000 $134,538 $4,667 4.59%
    $50k or less 138 $13,980,000 $101,304 $4,341 4.59%
    $75k-100k 115 $17,535,000 $152,478 $4,632 4.62%
    $100k-150k 108 $18,320,000 $169,630 $5,001 4.59%
    $150k-250k 31 $7,035,000 $226,935 $4,760 4.73%
    $250k+ 7 $1,405,000 $200,714 $3,705 4.95%

    Syracuse Securities lent most frequently to those with incomes in the $50k-75k range, with 195 originations. The second most popular income band? $50k or less, with 138 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 110 $15,080,000 $137,091 $4,512 4.64%
    20-30% 91 $12,075,000 $132,692 $4,270 4.62%
    50-60% 72 $10,360,000 $143,889 $5,572 4.44%
    42% 39 $5,745,000 $147,308 $4,612 4.64%
    37% 30 $4,830,000 $161,000 $4,694 4.53%
    40% 25 $2,955,000 $118,200 $4,316 4.82%
    41% 25 $3,765,000 $150,600 $5,010 4.72%
    36% 24 $3,660,000 $152,500 $4,106 4.58%
    38% 23 $3,225,000 $140,217 $4,750 4.64%
    45% 22 $3,780,000 $171,818 $4,720 4.50%
    49% 21 $2,615,000 $124,524 $4,369 4.57%
    44% 20 $3,050,000 $152,500 $4,102 4.67%
    47% 19 $2,835,000 $149,211 $4,777 4.50%
    <20% 16 $2,480,000 $155,000 $3,917 4.54%
    48% 15 $2,935,000 $195,667 $6,087 4.57%
    43% 15 $1,975,000 $131,667 $4,532 4.72%
    39% 15 $1,565,000 $104,333 $3,966 4.86%
    46% 10 $1,430,000 $143,000 $4,886 4.68%
    >60% 2 $150,000 $75,000 $4,256 4.25%

    Syracuse Securities lent most frequently to those with DTI ratios of 30-36%, with 110 originations. The next most common DTI ratio? 20-30%, with 91 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 558 $80,210,000 $143,746 $4,636 4.60%
    Black 19 $2,115,000 $111,316 $4,390 4.83%
    Not provided 6 $1,000,000 $166,667 $5,192 4.60%
    Asian 7 $875,000 $125,000 $5,291 4.64%
    American Indian 2 $180,000 $90,000 $4,725 4.50%
    Asian Indian 2 $130,000 $65,000 $3,523 5.56%

    Approval Rates

    Total approvals of all applications
    96.09%

    Syracuse Securities 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
    92.42%

    Syracuse Securities has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 594 $84,510,000 $142,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $1,140,000 $114,000
    Single Family (1-4 Units):Site-Built 584 $83,370,000 $142,757

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $465,000 $155,000 $5,057 4.50%
    40-60% 10 $1,030,000 $103,000 $3,388 4.65%
    60-80% 97 $11,755,000 $121,186 $3,371 4.83%
    80-100% 472 $69,000,000 $146,186 $4,854 4.56%
    Over 100% 12 $2,260,000 $188,333 $7,574 4.72%