Alden State Bank Mortgage Rates, Fees & Info

Alden, NY

LEI: 5493007D8SNLKCBE4P48

Tax ID: 16-0327665

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Mortgage Data

Review & Overview

Alden State Bank is a smaller bank specializing in Refi and Home Purchase loans. Alden State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Buffalo, Batavia, Olean, and Rochester among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Alden State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

127

Origination Dollar Volume (All Markets)

$23,685,000

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
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 94 $20,180,000 $214,681 $0 0.00%
Batavia, NY (FHA|USDA|VA) 21 $1,895,000 $90,238 $0 0.00%
Outside of Metro Areas 9 $1,175,000 $130,556 $0 0.00%
Olean, NY (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
ROCHESTER, NY (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Alden State Bank's top markets include Buffalo, Batavia, Olean, and Rochester among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 127 $23,685,000 $186,496 $0 0.00%

    For 2023, Alden State Bank's most frequently originated type of loan was Conventional, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 67 $10,285,000 $153,507 $0 0.00%
    Home Purchase 33 $11,425,000 $346,212 $0 0.00%
    Home Improvement 17 $1,305,000 $76,765 $0 0.00%
    Other 10 $670,000 $67,000 $0 0.00%

    For 2023, Alden State Bank's most frequently cited loan purpose was Refi, with 67 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 127 $23,685,000 $186,496 $0 0.00%

    For 2023, Alden State Bank's most frequently cited loan duration was Other, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $3,315,000 $56,186 $0 0.00%
    $100k-200k 41 $5,725,000 $139,634 $0 0.00%
    $200k-400k 15 $4,255,000 $283,667 $0 0.00%
    $400k-600k 7 $3,285,000 $469,286 $0 0.00%
    $1MM+ 3 $5,305,000 $1,768,333 $0 0.00%
    $600k-1MM 2 $1,800,000 $900,000 $0 0.00%

    2023 saw Alden State Bank place emphasis on $100,000 or less loans with 59 originations, totaling $3,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $3,540,000 $136,154 $0 0.00%
    $75k-100k 22 $2,010,000 $91,364 $0 0.00%
    $50k-75k 20 $1,830,000 $91,500 $0 0.00%
    $50k or less 15 $1,265,000 $84,333 $0 0.00%
    $150k-250k 13 $1,975,000 $151,923 $0 0.00%
    $250k+ 3 $635,000 $211,667 $0 0.00%

    Alden State Bank lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $75k-100k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 127 $23,685,000 $186,496 $0 0.00%

    Alden State Bank lent most frequently to those with DTI ratios of Exempt%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 103 $14,195,000 $137,816 $0 0.00%
    Not applicable 22 $9,230,000 $419,545 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.60%

    Alden State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.98%

    Alden State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 127 $23,685,000 $186,496

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    127 $23,685,000 $186,496