Alden State Bank Mortgage Rates, Fees & Info
Alden, NYLEI: 5493007D8SNLKCBE4P48
Tax ID: 16-0327665
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Jamestown, and Rochester among others. We have data for 6 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 an average pick rate when compared to similar lenders.
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Originations
196Origination Dollar Volume (All Markets)
$32,560,000Top 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 |
|---|---|---|---|---|---|
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 147 | $23,915,000 | $162,687 | $0 | 0.00% |
| Batavia, NY (FHA|USDA|VA) | 31 | $5,405,000 | $174,355 | $0 | 0.00% |
| Olean, NY (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,060,000 | $106,000 | $0 | 0.00% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 196 | $32,560,000 | $166,122 | $0 | 0.00% |
For 2022, Alden State Bank's most frequently originated type of loan was Conventional, with 196 originations.
Loan Reason
For 2022, Alden State Bank's most frequently cited loan purpose was Refi, with 94 originations. The 2nd most popular reason was Home Purchase, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 196 | $32,560,000 | $166,122 | $0 | 0.00% |
For 2022, Alden State Bank's most frequently cited loan duration was Other, with 196 originations.
Loan Sizing
2022 saw Alden State Bank place emphasis on $100,000 or less loans with 75 originations, totaling $3,835,000 in origination value.
Applicant Income
Alden State Bank lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $50k or less, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 196 | $32,560,000 | $166,122 | $0 | 0.00% |
Alden State Bank lent most frequently to those with DTI ratios of Exempt%, with 196 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.65%
Alden State Bank has a below average approval rate.
Pick Rate
Approvals leading to origination90.82%
Alden State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 196 | $32,560,000 | $166,122 |