Hudson Valley Credit Union Mortgage Rates, Fees & Info

Poughkeepsie, NY

LEI: 54930085BPQMVH9JFX69

Tax ID: 14-1471439

5 stars - out of 5 stars, based on 58 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Hudson Valley Credit Union is a smaller credit union specializing in Home Improvement, Home Purchase, and Cash Out Refi loans. Hudson Valley Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Poughkeepsie, New York, Kingston, Albany, and Bridgeport among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hudson Valley Credit Union has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hudson Valley Credit Union 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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 6/7/23
    30 Year Conventional Purchase 6.50% 6/7/23
    30 Year Conventional Refi 6.31% 6/7/23
    30 Year Cash-out Refi 6.56% 6/7/23
    30 Year FHA Purchase 7.50% 6/7/23
    30 Year FHA Refi 6.27% 6/7/23
    30 Year VA Purchase 6.51% 6/7/23
    15 Year Conventional Purchase 5.73% 6/7/23
    15 Year Conventional Refi 6.25% 6/7/23
    15 Year Cash-out Refi 6.25% 6/7/23
    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 Valley Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Hudson Valley Credit Union. 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

    3,339

    Origination Dollar Volume (All Markets)

    $512,515,000
    Show all (6) awards

    Relative Rate

    Hudson Valley Credit Union's average 30 year fixed mortgage rate was 4.75%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.01%.

    Relative Fees (Closing Costs)

    Hudson Valley Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,520.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 2,197 $315,245,000 $143,489 $2,174 3.63%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 534 $103,200,000 $193,258 $2,095 3.36%
    KINGSTON, NY (FHA|USDA|VA) 393 $55,305,000 $140,725 $2,047 3.64%
    Outside of Metro Areas 76 $12,190,000 $160,395 $3,331 4.01%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 31 $8,705,000 $280,806 $3,027 4.42%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 38 $7,380,000 $194,211 $2,858 4.10%
    Hudson, NY (FHA|USDA|VA) 33 $4,235,000 $128,333 $2,284 3.54%
    Corning, NY (FHA|USDA|VA) 1 $1,645,000 $1,645,000 $0 4.74%
    Torrington, CT (FHA|USDA|VA) 8 $1,580,000 $197,500 $4,717 4.93%
    SYRACUSE, NY (FHA|USDA|VA) 3 $655,000 $218,333 $4,073 6.24%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 6 $610,000 $101,667 $0 3.59%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $495,000 $70,714 $2,387 4.46%
    Gloversville, NY (FHA|USDA|VA) 3 $245,000 $81,667 $2,786 5.08%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $245,000 $245,000 $4,268 4.88%
    Amsterdam, NY (FHA|USDA|VA) 1 $225,000 $225,000 $2,304 5.38%
    ROCHESTER, NY (FHA|USDA|VA) 2 $140,000 $70,000 $0 7.05%
    Oneonta, NY (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.00%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 2.24%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $75,000 $75,000 $2,280 6.50%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.74%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.79%
    Hudson Valley Credit Union's top markets include Poughkeepsie, New York, Kingston, Albany, and Bridgeport among others.

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

    • Similar Lenders

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

    N C P D Federal Credit Union
    Similarity Rank: 306
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 326
    Schuyler Savings Bank
    Similarity Rank: 352
    The Bank of Greene County
    Similarity Rank: 360
    The First National Bank of Long Island
    Similarity Rank: 374
    SIKORSKY FINANCIAL
    Similarity Rank: 448
    Community Bank
    Similarity Rank: 528
    The Atlantic Federal Credit Union
    Similarity Rank: 588
    MUTUAL SECURITY CREDIT UNION
    Similarity Rank: 592
    U S WIDE FINANCIAL LLC
    Similarity Rank: 624

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,854 $198,990,000 $107,330 n/a 2.48%
    Conventional 1,471 $309,495,000 $210,398 $2,146 5.05%
    FHA 12 $3,570,000 $297,500 $9,660 5.44%
    VA 2 $460,000 $230,000 $6,088 5.25%

    For 2022, Hudson Valley Credit Union's most frequently originated type of loan was HELOC, with 1,854 originations. Their 2nd most popular type was Conventional, with 1,471 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,626 $149,820,000 $92,140 $50 3.27%
    Other 655 $66,735,000 $101,885 $46 3.59%
    Home Purchase 461 $136,275,000 $295,607 $4,667 4.86%
    Refi 348 $55,690,000 $160,029 $1,721 3.43%
    Cash Out Refi 249 $103,995,000 $417,651 $3,961 3.96%

    For 2022, Hudson Valley Credit Union's most frequently cited loan purpose was Home Improvement, with 1,626 originations. The 2nd most popular reason was Other, with 655 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 2,171 $234,395,000 $107,966 $581 2.96%
    30 Year 556 $150,410,000 $270,522 $4,520 4.75%
    15 Year 313 $107,985,000 $345,000 $1,353 4.58%
    10 Year 169 $12,575,000 $74,408 $263 5.36%
    Other 123 $6,705,000 $54,512 $313 5.28%
    5 Year 4 $380,000 $95,000 $0 4.81%
    3 Year 3 $65,000 $21,667 $0 5.00%

    For 2022, Hudson Valley Credit Union's most frequently cited loan duration was 20 Year, with 2,171 originations. The 2nd most popular length was 30 Year, with 556 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 997 $124,795,000 $125,171
    $1k-2k 172 $44,240,000 $257,209
    $2k-3k 106 $29,540,000 $278,679
    $3k-4k 53 $17,165,000 $323,868
    $5k+ 38 $11,980,000 $315,263
    $4k-5k 23 $7,135,000 $310,217

    Hudson Valley Credit Union's average total fees were $4,520, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 997 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 1,657 $180,235,000 $108,772
    5-6% 619 $91,555,000 $147,908
    3-4% 460 $108,240,000 $235,304
    4-5% 256 $52,460,000 $204,922
    6-7% 170 $26,620,000 $156,588
    2.5-3% 80 $43,930,000 $549,125
    7-8% 58 $6,080,000 $104,828
    Over 8% 39 $3,395,000 $87,051

    During 2022, Hudson Valley Credit Union's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was <2.5%, with 1,657 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,523 $83,875,000 $55,072 $137 3.59%
    $100k-200k 1,045 $141,345,000 $135,258 $1,901 3.34%
    $200k-400k 612 $168,010,000 $274,526 $4,352 4.07%
    $400k-600k 97 $44,855,000 $462,423 $5,570 4.35%
    $1MM+ 34 $54,280,000 $1,596,471 $0 3.61%
    $600k-1MM 28 $20,150,000 $719,643 $4,648 3.48%

    2022 saw Hudson Valley Credit Union place emphasis on $100,000 or less loans with 1,523 originations, totaling $83,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 985 $122,155,000 $124,015 $2,040 3.71%
    $150k-250k 892 $127,480,000 $142,915 $2,256 3.56%
    $75k-100k 521 $65,955,000 $126,593 $2,495 3.64%
    $50k-75k 421 $48,695,000 $115,665 $2,524 3.71%
    $250k+ 301 $60,875,000 $202,243 $1,849 3.23%
    $50k or less 119 $9,255,000 $77,773 $1,693 3.73%

    Hudson Valley Credit Union lent most frequently to those with incomes in the $100k-150k range, with 985 originations. The second most popular income band? $150k-250k, with 892 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 677 $92,315,000 $136,359 $2,356 3.51%
    30-36% 556 $78,080,000 $140,432 $2,314 3.70%
    <20% 238 $31,930,000 $134,160 $2,228 3.14%
    50-60% 190 $18,710,000 $98,474 $216 3.06%
    49% 154 $19,100,000 $124,026 $1,118 3.97%
    44% 127 $17,075,000 $134,449 $2,026 3.76%
    45% 124 $17,660,000 $142,419 $2,507 3.79%
    48% 123 $16,645,000 $135,325 $1,892 4.18%
    37% 120 $14,790,000 $123,250 $1,994 3.44%
    39% 117 $14,255,000 $121,838 $1,768 3.40%
    46% 115 $15,215,000 $132,304 $1,780 3.53%
    41% 113 $16,075,000 $142,257 $2,935 3.89%
    38% 111 $16,215,000 $146,081 $2,815 3.85%
    40% 111 $14,045,000 $126,532 $2,711 3.61%
    43% 103 $15,315,000 $148,689 $2,745 4.20%
    47% 93 $11,835,000 $127,258 $1,674 3.90%
    42% 91 $13,955,000 $153,352 $2,689 3.65%
    36% 84 $12,020,000 $143,095 $2,893 3.58%
    >60% 15 $1,525,000 $101,667 $0 2.21%

    Hudson Valley Credit Union lent most frequently to those with DTI ratios of 20-30%, with 677 originations. The next most common DTI ratio? 30-36%, with 556 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,500 $329,520,000 $131,808 $2,132 3.60%
    Not applicable 76 $75,250,000 $990,132 $0 3.93%
    Not provided 491 $70,565,000 $143,717 $2,582 3.70%
    Black 164 $18,300,000 $111,585 $2,159 3.61%
    Asian 76 $14,640,000 $192,632 $2,615 3.68%
    American Indian 10 $1,260,000 $126,000 $1,151 3.15%
    Filipino 2 $860,000 $430,000 $0 2.24%
    Native Hawaiian or Islander 6 $670,000 $111,667 $0 2.49%
    Other Asian 4 $580,000 $145,000 $3,226 2.87%
    Asian Indian 6 $520,000 $86,667 $24 3.74%
    Other Pacific Islander 3 $195,000 $65,000 $0 3.16%
    Korean 1 $155,000 $155,000 $0 2.24%

    Approval Rates

    Total approvals of all applications
    69.67%

    Hudson Valley Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    67.27%

    Hudson Valley Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,339 $512,515,000 $153,494

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,339 $512,515,000 $153,494

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 896 $116,370,000 $129,877 $725 3.27%
    40-60% 292 $71,950,000 $246,404 $3,068 3.45%
    60-80% 372 $139,550,000 $375,134 $4,296 4.14%
    80-100% 310 $92,750,000 $299,194 $4,554 4.74%
    Over 100% 1 $255,000 $255,000 $8,997 5.13%
    Under 20% 1,468 $91,640,000 $62,425 $31 3.50%