Hudson Valley Credit Union Mortgage Rates, Fees & Info

Poughkeepsie, NY

LEI: 54930085BPQMVH9JFX69

Tax ID: 14-1471439

5 stars - Updated: 11/17/24 - out of 5 stars, based on 50 reviews

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

Jump to:

  • 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 and Home Purchase 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 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 relatively high 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% 11/17/24
    30 Year Conventional Purchase 6.50% 11/17/24
    30 Year Conventional Refi 6.31% 11/17/24
    30 Year Cash-out Refi 6.56% 11/17/24
    30 Year FHA Purchase 7.50% 11/17/24
    30 Year FHA Refi 6.27% 11/17/24
    30 Year VA Purchase 6.51% 11/17/24
    15 Year Conventional Purchase 5.73% 11/17/24
    15 Year Conventional Refi 6.25% 11/17/24
    15 Year Cash-out Refi 6.25% 11/17/24
    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.

    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

    2,528

    Origination Dollar Volume (All Markets)

    $362,060,000
    Show all (9) awards

    Relative Rate

    Hudson Valley Credit Union's average 30 year fixed mortgage rate was 6.18%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0.3%.

    Relative Fees (Closing Costs)

    Hudson Valley Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $5,190.

    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 $9,089.

    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) 1,624 $216,130,000 $133,085 $1,672 5.65%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 435 $77,535,000 $178,241 $1,942 5.29%
    KINGSTON, NY (FHA|USDA|VA) 298 $38,600,000 $129,530 $1,816 5.48%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 29 $7,675,000 $264,655 $2,712 6.72%
    Outside of Metro Areas 56 $6,800,000 $121,429 $1,859 6.10%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 26 $5,420,000 $208,462 $3,409 5.67%
    Hudson, NY (FHA|USDA|VA) 22 $4,050,000 $184,091 $1,505 5.73%
    Torrington, CT (FHA|USDA|VA) 11 $1,985,000 $180,455 $3,108 6.50%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $1,015,000 $145,000 $3,407 5.06%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $605,000 $201,667 $2,924 6.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $455,000 $455,000 $6,010 5.13%
    ROCHESTER, NY (FHA|USDA|VA) 3 $265,000 $88,333 $20 6.50%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $245,000 $245,000 $3,200 6.13%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $245,000 $245,000 $4,475 6.50%
    BINGHAMTON, NY (FHA|USDA|VA) 2 $220,000 $110,000 $3,381 6.86%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $205,000 $205,000 $4,092 7.38%
    Plattsburgh, NY (FHA|USDA|VA) 2 $180,000 $90,000 $5,649 5.68%
    SYRACUSE, NY (FHA|USDA|VA) 1 $155,000 $155,000 $0 9.00%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $105,000 $105,000 $3,338 6.88%
    Gloversville, NY (FHA|USDA|VA) 3 $85,000 $28,333 $0 6.59%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.00%
    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.

    Bank of Richmondville
    Similarity Rank: 32
    SIKORSKY FINANCIAL
    Similarity Rank: 35
    Walden Savings Bank
    Similarity Rank: 40
    Thomaston Savings Bank
    Similarity Rank: 42
    Saratoga National Bank and Trust Company
    Similarity Rank: 54
    GREYLOCK
    Similarity Rank: 80
    Glens Falls National Bank and Trust Company
    Similarity Rank: 81
    Union Savings Bank
    Similarity Rank: 84
    The Bank of Greene County
    Similarity Rank: 96
    HUDSON RIVER COMMUNITY
    Similarity Rank: 108

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,350 $220,120,000 $163,052 $1,667 7.01%
    HELOC 1,162 $136,450,000 $117,427 n/a 3.96%
    FHA 14 $4,850,000 $346,429 $12,208 6.77%
    VA 2 $640,000 $320,000 $12,029 7.00%

    For 2023, Hudson Valley Credit Union's most frequently originated type of loan was Conventional, with 1,350 originations. Their 2nd most popular type was HELOC, with 1,162 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,171 $114,845,000 $98,074 $54 5.24%
    Other 601 $58,175,000 $96,797 $50 5.80%
    Home Purchase 395 $129,495,000 $327,835 $5,351 6.23%
    Refi 288 $39,270,000 $136,354 $523 5.68%
    Cash Out Refi 73 $20,275,000 $277,740 $3,773 6.05%

    For 2023, Hudson Valley Credit Union's most frequently cited loan purpose was Home Improvement, with 1,171 originations. The 2nd most popular reason was Other, with 601 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,535 $173,815,000 $113,235 $214 4.89%
    30 Year 422 $134,260,000 $318,152 $5,190 6.18%
    15 Year 235 $33,815,000 $143,894 $540 7.10%
    10 Year 181 $12,145,000 $67,099 $31 7.16%
    Other 153 $7,165,000 $46,830 $6 7.03%
    5 Year 2 $860,000 $430,000 $0 8.00%

    For 2023, Hudson Valley Credit Union's most frequently cited loan duration was 20 Year, with 1,535 originations. The 2nd most popular length was 30 Year, with 422 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,032 $116,040,000 $112,442
    $1k-2k 124 $34,890,000 $281,371
    $2k-3k 72 $22,820,000 $316,944
    $5k+ 47 $19,715,000 $419,468
    $3k-4k 35 $12,425,000 $355,000
    $4k-5k 21 $8,085,000 $385,000

    Hudson Valley Credit Union's average total fees were $5,190, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,032 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,114 $130,680,000 $117,307
    6-7% 632 $102,320,000 $161,899
    7-8% 403 $51,525,000 $127,854
    Over 8% 205 $19,685,000 $96,024
    5-6% 87 $27,675,000 $318,103
    4-5% 83 $29,795,000 $358,976
    <2.5% 4 $380,000 $95,000

    During 2023, Hudson Valley Credit Union's average interest rate for loans was 6.18%, while their most frequently originated rate bucket for loans was 3-4%, with 1,114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,225 $67,915,000 $55,441 $66 5.76%
    $100k-200k 715 $95,545,000 $133,629 $1,019 5.29%
    $200k-400k 458 $125,570,000 $274,170 $4,536 5.64%
    $400k-600k 89 $41,785,000 $469,494 $6,326 5.66%
    $600k-1MM 38 $27,640,000 $727,368 $7,144 5.73%
    $1MM+ 3 $3,605,000 $1,201,667 $11,039 5.21%

    2023 saw Hudson Valley Credit Union place emphasis on $100,000 or less loans with 1,225 originations, totaling $67,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 790 $119,930,000 $151,810 $1,923 5.62%
    $100k-150k 721 $89,095,000 $123,571 $1,583 5.62%
    $75k-100k 356 $40,460,000 $113,652 $1,740 5.80%
    $250k+ 289 $68,805,000 $238,080 $2,333 5.08%
    $50k-75k 257 $24,045,000 $93,560 $1,762 5.71%
    $50k or less 59 $3,395,000 $57,542 $952 5.23%

    Hudson Valley Credit Union lent most frequently to those with incomes in the $150k-250k range, with 790 originations. The second most popular income band? $100k-150k, with 721 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 460 $66,710,000 $145,022 $2,005 5.64%
    20-30% 434 $60,970,000 $140,484 $1,955 5.59%
    49% 202 $27,570,000 $136,485 $1,283 5.38%
    <20% 152 $20,640,000 $135,789 $1,438 5.10%
    46% 106 $14,190,000 $133,868 $1,394 5.85%
    42% 105 $14,265,000 $135,857 $1,283 5.60%
    48% 105 $12,635,000 $120,333 $1,292 5.94%
    44% 103 $15,895,000 $154,320 $2,126 5.60%
    43% 101 $17,115,000 $169,455 $2,229 6.07%
    47% 97 $12,815,000 $132,113 $1,702 5.31%
    50-60% 91 $10,785,000 $118,516 $2,090 5.03%
    39% 89 $13,125,000 $147,472 $2,033 5.89%
    41% 86 $11,380,000 $132,326 $1,585 5.74%
    37% 84 $12,570,000 $149,643 $2,161 5.74%
    40% 83 $11,195,000 $134,880 $1,941 5.69%
    45% 80 $10,430,000 $130,375 $1,814 5.94%
    36% 62 $9,150,000 $147,581 $1,415 5.70%
    38% 61 $8,905,000 $145,984 $1,915 5.46%
    >60% 3 $265,000 $88,333 $0 2.58%

    Hudson Valley Credit Union lent most frequently to those with DTI ratios of 30-36%, with 460 originations. The next most common DTI ratio? 20-30%, with 434 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,899 $254,685,000 $134,115 $1,591 5.64%
    Not provided 366 $60,590,000 $165,546 $2,648 5.47%
    Black 157 $19,825,000 $126,274 $2,067 5.62%
    Asian 53 $12,085,000 $228,019 $3,265 5.16%
    Not applicable 24 $11,450,000 $477,083 $0 6.11%
    American Indian 15 $2,015,000 $134,333 $163 5.24%
    Native Hawaiian or Islander 9 $745,000 $82,778 $0 6.04%
    Asian Indian 2 $570,000 $285,000 $5,000 5.06%
    Other Asian 2 $80,000 $40,000 $0 5.25%
    Other Pacific Islander 1 $15,000 $15,000 $0 3.74%

    Approval Rates

    Total approvals of all applications
    61.77%

    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
    67.41%

    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 2,528 $362,060,000 $143,220

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,528 $362,060,000 $143,220

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 733 $100,195,000 $136,692 $419 5.40%
    40-60% 191 $44,155,000 $231,178 $2,611 5.27%
    60-80% 171 $59,835,000 $349,912 $4,824 5.93%
    80-100% 246 $83,100,000 $337,805 $5,563 6.26%
    Over 100% 2 $640,000 $320,000 $12,029 7.00%
    Under 20% 1,185 $74,135,000 $62,561 $26 5.60%