Paragon Home Loans Mortgage Rates, Fees & Info

EAST SYRACUSE, NY

LEI: 5493007WEU5TWM8J0Z93

Tax ID: 16-1074204

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Paragon Home Loans is a smaller mortgage company specializing in Home Purchase loans. Paragon Home Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Syracuse, Plattsburgh, Cortland, Binghamton, and Utica among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Paragon Home Loans has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Paragon Home Loans is typically an average 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 6.55% 11/22/24
    30 Year Conventional Refi 6.44% 11/22/24
    30 Year FHA Purchase 7.43% 11/22/24
    30 Year FHA Refi 6.91% 11/22/24
    30 Year VA Purchase 6.57% 11/22/24
    30 Year VA Refi 6.55% 11/22/24
    30 Year USDA Purchase 6.93% 11/22/24
    30 Year USDA Refi 6.92% 11/22/24
    15 Year Conventional Purchase 6.12% 11/22/24
    15 Year Conventional Refi 6.21% 11/22/24
    15 Year Cash-out Refi 6.21% 11/22/24
    15 Year FHA Refi 5.68% 11/22/24
    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.

    Paragon Home Loans Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Paragon Home Loans. 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

    1,029

    Origination Dollar Volume (All Markets)

    $190,455,000
    Show all (6) 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) 482 $91,810,000 $190,477 $5,452 4.79%
    Plattsburgh, NY (FHA|USDA|VA) 74 $14,060,000 $190,000 $5,382 5.01%
    Cortland, NY (FHA|USDA|VA) 76 $11,640,000 $153,158 $5,477 4.75%
    Outside of Metro Areas 47 $10,915,000 $232,234 $6,409 4.92%
    BINGHAMTON, NY (FHA|USDA|VA) 60 $9,210,000 $153,500 $5,290 5.03%
    UTICA-ROME, NY (FHA|USDA|VA) 49 $9,115,000 $186,020 $5,598 4.56%
    Corning, NY (FHA|USDA|VA) 42 $8,670,000 $206,429 $7,835 5.04%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 43 $8,205,000 $190,814 $5,442 4.94%
    ELMIRA, NY (FHA|USDA|VA) 51 $7,355,000 $144,216 $5,594 4.88%
    Auburn, NY (FHA|USDA|VA) 33 $5,495,000 $166,515 $5,207 4.96%
    Malone, NY (FHA|USDA|VA) 21 $4,385,000 $208,810 $5,612 4.68%
    Olean, NY (FHA|USDA|VA) 17 $1,675,000 $98,529 $5,190 3.82%
    ROCHESTER, NY (FHA|USDA|VA) 10 $1,420,000 $142,000 $5,734 4.30%
    Seneca Falls, NY (FHA|USDA|VA) 3 $1,405,000 $468,333 $8,787 5.42%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $1,225,000 $408,333 $13,776 4.00%
    ITHACA, NY (FHA|USDA|VA) 6 $930,000 $155,000 $5,502 4.42%
    KINGSTON, NY (FHA|USDA|VA) 1 $645,000 $645,000 $25,770 7.00%
    Oneonta, NY (FHA|USDA|VA) 3 $605,000 $201,667 $4,274 5.38%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 3 $455,000 $151,667 $5,123 5.79%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $425,000 $425,000 $14,523 6.88%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $345,000 $345,000 $7,199 6.00%
    Batavia, NY (FHA|USDA|VA) 2 $270,000 $135,000 $6,216 3.88%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $195,000 $195,000 $9,540 5.00%
    Paragon Home Loans's top markets include Syracuse, Plattsburgh, Cortland, Binghamton, and Utica among others.

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

    • Similar Lenders

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

    SECNY Federal Credit Union
    Similarity Rank: 22
    Pittsford Federal Credit Union
    Similarity Rank: 24
    Glens Falls National Bank and Trust Company
    Similarity Rank: 27
    GREATER WOODLAWN FEDERAL CREDIT UNION
    Similarity Rank: 30
    Elmira Savings Bank
    Similarity Rank: 33
    Moog Employees Federal Credit Union
    Similarity Rank: 76
    NIAGARA'S CHOICE
    Similarity Rank: 80
    BUFFALO METROPOLITAN FEDERAL CREDIT UNION
    Similarity Rank: 84
    ONTARIO SHORES
    Similarity Rank: 84
    NORTHERN CREDIT UNION
    Similarity Rank: 91

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 700 $135,480,000 $193,543 $4,766 4.80%
    FHA 242 $38,530,000 $159,215 $7,300 4.90%
    VA 46 $11,480,000 $249,565 $10,640 4.85%
    USDA 41 $4,965,000 $121,098 $5,467 4.66%

    For 2022, Paragon Home Loans's most frequently originated type of loan was Conventional, with 700 originations. Their 2nd most popular type was FHA, with 242 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 945 $175,435,000 $185,646 $5,760 4.91%
    Refi 83 $14,705,000 $177,169 $4,438 3.76%
    Cash Out Refi 1 $315,000 $315,000 $6,117 4.50%

    For 2022, Paragon Home Loans's most frequently cited loan purpose was Home Purchase, with 945 originations. The 2nd most popular reason was Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 968 $180,780,000 $186,756 $5,747 4.88%
    15 Year 36 $5,510,000 $153,056 $4,131 3.72%
    20 Year 21 $3,105,000 $147,857 $4,288 3.97%
    Other 3 $745,000 $248,333 $3,325 3.79%
    30+ year 1 $315,000 $315,000 $6,117 4.50%

    For 2022, Paragon Home Loans's most frequently cited loan duration was 30 Year, with 968 originations. The 2nd most popular length was 15 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 286 $46,530,000 $162,692
    $1k-2k 236 $32,980,000 $139,746
    $<1k 209 $34,455,000 $164,856
    $3k-4k 165 $33,255,000 $201,545
    $5k+ 69 $26,685,000 $386,739
    $4k-5k 64 $16,550,000 $258,594

    Paragon Home Loans's average total fees were $5,747, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 286 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 409 $76,935,000 $188,105
    3-4% 287 $50,235,000 $175,035
    4-5% 181 $34,795,000 $192,238
    6-7% 97 $17,895,000 $184,485
    2.5-3% 31 $7,055,000 $227,581
    7-8% 23 $3,465,000 $150,652
    <2.5% 1 $75,000 $75,000

    During 2022, Paragon Home Loans's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 5-6%, with 409 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 589 $87,855,000 $149,160 $5,088 4.84%
    $200k-400k 280 $74,610,000 $266,464 $6,697 4.79%
    $100,000 or less 128 $10,310,000 $80,547 $3,914 4.70%
    $400k-600k 28 $13,100,000 $467,857 $10,597 5.12%
    $1MM+ 3 $3,935,000 $1,311,667 $40,511 4.13%
    $600k-1MM 1 $645,000 $645,000 $25,770 7.00%

    2022 saw Paragon Home Loans place emphasis on $100k-200k loans with 589 originations, totaling $87,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 298 $45,130,000 $151,443 $5,157 4.82%
    $100k-150k 206 $44,470,000 $215,874 $6,124 4.83%
    $75k-100k 197 $37,225,000 $188,959 $5,669 4.87%
    $50k or less 190 $22,390,000 $117,842 $4,848 4.75%
    $150k-250k 102 $28,120,000 $275,686 $6,267 4.94%
    $250k+ 33 $12,635,000 $382,879 $9,913 4.59%

    Paragon Home Loans lent most frequently to those with incomes in the $50k-75k range, with 298 originations. The second most popular income band? $100k-150k, with 206 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 214 $39,240,000 $183,364 $5,090 4.65%
    20-30% 171 $30,905,000 $180,731 $4,920 4.65%
    50-60% 64 $11,850,000 $185,156 $8,208 5.00%
    40% 52 $8,470,000 $162,885 $5,195 4.75%
    43% 48 $10,380,000 $216,250 $5,339 4.86%
    39% 47 $8,875,000 $188,830 $5,954 4.90%
    37% 42 $7,880,000 $187,619 $5,078 4.84%
    <20% 42 $7,190,000 $171,190 $4,569 4.51%
    38% 39 $6,835,000 $175,256 $5,066 5.03%
    49% 39 $8,595,000 $220,385 $8,346 5.09%
    41% 37 $7,935,000 $214,459 $6,346 5.09%
    42% 36 $6,910,000 $191,944 $6,288 4.88%
    48% 34 $5,660,000 $166,471 $5,590 5.02%
    45% 33 $5,965,000 $180,758 $5,483 5.08%
    46% 32 $6,270,000 $195,938 $7,307 5.02%
    47% 31 $5,915,000 $190,806 $5,680 5.11%
    44% 31 $5,265,000 $169,839 $5,910 4.95%
    36% 31 $5,065,000 $163,387 $5,510 4.87%
    >60% 3 $765,000 $255,000 $5,022 5.21%

    Paragon Home Loans lent most frequently to those with DTI ratios of 30-36%, with 214 originations. The next most common DTI ratio? 20-30%, with 171 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 902 $167,740,000 $185,965 $5,626 4.81%
    Not provided 68 $12,090,000 $177,794 $5,664 4.99%
    Black 31 $4,965,000 $160,161 $5,568 4.81%
    Asian 20 $4,500,000 $225,000 $7,249 4.81%
    Not applicable 4 $530,000 $132,500 $3,771 3.84%
    American Indian 3 $325,000 $108,333 $4,863 4.00%
    Other Asian 1 $305,000 $305,000 $10,088 4.25%

    Approval Rates

    Total approvals of all applications
    96.41%

    Paragon Home Loans 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
    88.34%

    Paragon Home Loans has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,029 $190,455,000 $185,087

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,029 $190,455,000 $185,087

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,240,000 $103,333 $3,610 4.67%
    40-60% 33 $4,885,000 $148,030 $4,737 4.39%
    60-80% 238 $45,550,000 $191,387 $5,116 4.72%
    80-100% 736 $134,960,000 $183,370 $5,711 4.87%
    Over 100% 10 $3,820,000 $382,000 $19,718 4.79%