Hudson Valley Credit Union Mortgage Rates, Fees & Info

Poughkeepsie, NY

LEI: 54930085BPQMVH9JFX69

Tax ID: 14-1471439

5 stars - out of 5 stars, based on 60 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Review & Overview

    Hudson Valley Credit Union is a smaller credit union specializing in Refi, 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, Bridgeport, and Hudson among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hudson Valley Credit Union 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. 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 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.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.58% 12/4/22
    30 Year Conventional Purchase 6.81% 12/4/22
    30 Year Conventional Refi 6.72% 12/4/22
    30 Year Cash-out Refi 6.86% 12/4/22
    30 Year FHA Purchase 7.78% 12/4/22
    30 Year FHA Refi 7.68% 12/4/22
    15 Year Conventional Purchase 6.01% 12/4/22
    15 Year Conventional Refi 6.06% 12/4/22
    15 Year Cash-out Refi 6.06% 12/4/22
    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.


    Originations

    3,624

    Origination Dollar Volume (All Markets)

    $606,600,000
    Show all (6) awards

    Relative Rate

    Hudson Valley Credit Union's average 30 year fixed mortgage rate was 3.03%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.12%.

    Relative Fees (Closing Costs)

    Hudson Valley Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $3,719.

    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) 2,437 $391,235,000 $160,540 $2,814 2.83%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 484 $98,100,000 $202,686 $3,621 2.74%
    KINGSTON, NY (FHA|USDA|VA) 460 $70,380,000 $153,000 $2,769 2.79%
    Outside of Metro Areas 87 $12,795,000 $147,069 $2,831 3.06%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 43 $10,145,000 $235,930 $4,117 2.88%
    Hudson, NY (FHA|USDA|VA) 33 $6,385,000 $193,485 $3,412 2.74%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 29 $5,105,000 $176,034 $2,904 2.83%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 7 $3,235,000 $462,143 $4,939 2.77%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 14 $3,200,000 $228,571 $2,310 3.07%
    Torrington, CT (FHA|USDA|VA) 5 $1,545,000 $309,000 $4,409 2.95%
    GLENS FALLS, NY (FHA|USDA|VA) 5 $1,015,000 $203,000 $3,301 2.50%
    Gloversville, NY (FHA|USDA|VA) 6 $580,000 $96,667 $2,468 2.64%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $500,000 $250,000 $5,145 3.19%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $470,000 $235,000 $5,492 3.06%
    ROCHESTER, NY (FHA|USDA|VA) 2 $420,000 $210,000 $2,855 2.75%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $325,000 $325,000 $5,623 3.13%
    Amsterdam, NY (FHA|USDA|VA) 1 $285,000 $285,000 $3,806 3.25%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $255,000 $255,000 $4,088 3.25%
    Plattsburgh, NY (FHA|USDA|VA) 1 $205,000 $205,000 $3,151 3.13%
    Olean, NY (FHA|USDA|VA) 1 $145,000 $145,000 $2,450 2.75%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $115,000 $115,000 $3,380 2.88%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $105,000 $105,000 $0 2.24%
    ITHACA, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.24%
    Hudson Valley Credit Union's top markets include Poughkeepsie, New York, Kingston, Bridgeport, and Hudson 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: 102
    Schuyler Savings Bank
    Similarity Rank: 352
    The Bank of Greene County
    Similarity Rank: 360
    SIKORSKY FINANCIAL
    Similarity Rank: 384
    Community Bank
    Similarity Rank: 550
    MUTUAL SECURITY CREDIT UNION
    Similarity Rank: 592
    MID-HUDSON VALLEY
    Similarity Rank: 640
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652
    CCFCU FUNDING, LLC
    Similarity Rank: 672
    Newtown Savings Bank
    Similarity Rank: 700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,094 $462,390,000 $220,817 $2,893 3.20%
    HELOC 1,507 $139,075,000 $92,286 n/a 2.29%
    FHA 22 $4,850,000 $220,455 $6,561 3.25%
    VA 1 $285,000 $285,000 $12,172 3.38%

    For 2021, Hudson Valley Credit Union's most frequently originated type of loan was Conventional, with 2,094 originations. Their 2nd most popular type was HELOC, with 1,507 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,213 $101,245,000 $83,467 $221 2.72%
    Refi 847 $167,505,000 $197,763 $2,960 2.71%
    Home Purchase 577 $155,455,000 $269,419 $3,522 2.98%
    Cash Out Refi 564 $141,870,000 $251,543 $3,782 2.84%
    Other 423 $40,525,000 $95,804 $449 3.06%

    For 2021, Hudson Valley Credit Union's most frequently cited loan purpose was Home Improvement, with 1,213 originations. The 2nd most popular reason was Refi, with 847 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,787 $185,785,000 $103,965 $1,914 2.54%
    30 Year 880 $223,040,000 $253,455 $3,719 3.03%
    15 Year 641 $148,185,000 $231,178 $2,804 2.81%
    10 Year 157 $26,875,000 $171,178 $2,181 3.48%
    Other 149 $21,395,000 $143,591 $1,633 4.11%
    5 Year 10 $1,320,000 $132,000 $0 4.22%

    For 2021, Hudson Valley Credit Union's most frequently cited loan duration was 20 Year, with 1,787 originations. The 2nd most popular length was 30 Year, with 880 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,448 $269,420,000 $186,064
    $1k-2k 374 $90,230,000 $241,257
    $2k-3k 125 $35,185,000 $281,480
    $3k-4k 56 $16,570,000 $295,893
    $5k+ 47 $16,585,000 $352,872
    $4k-5k 23 $6,485,000 $281,957

    Hudson Valley Credit Union's average total fees were $3,719, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,448 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 1,916 $229,170,000 $119,609
    2.5-3% 898 $231,230,000 $257,494
    3-4% 500 $125,020,000 $250,040
    5-6% 210 $13,730,000 $65,381
    4-5% 83 $6,285,000 $75,723
    6-7% 15 $955,000 $63,667
    7-8% 2 $210,000 $105,000

    During 2021, Hudson Valley Credit Union's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was <2.5%, with 1,916 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,260 $69,690,000 $55,310 $558 2.94%
    $100k-200k 1,191 $172,065,000 $144,471 $2,822 2.67%
    $200k-400k 1,017 $275,095,000 $270,497 $3,609 2.84%
    $400k-600k 127 $59,435,000 $467,992 $4,846 2.86%
    $600k-1MM 19 $14,255,000 $750,263 $11,041 3.16%
    $1MM+ 10 $16,060,000 $1,606,000 $0 3.09%

    2021 saw Hudson Valley Credit Union place emphasis on $100,000 or less loans with 1,260 originations, totaling $69,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,123 $180,475,000 $160,708 $2,918 2.82%
    $150k-250k 853 $151,005,000 $177,028 $3,080 2.78%
    $75k-100k 647 $97,215,000 $150,255 $2,878 2.83%
    $50k-75k 520 $69,870,000 $134,365 $2,731 2.85%
    $250k+ 262 $57,960,000 $221,221 $3,591 2.72%
    $50k or less 173 $17,295,000 $99,971 $2,603 2.81%

    Hudson Valley Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,123 originations. The second most popular income band? $150k-250k, with 853 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 929 $156,215,000 $168,154 $3,036 2.73%
    30-36% 661 $106,455,000 $161,051 $2,992 2.82%
    <20% 351 $58,385,000 $166,339 $2,949 2.66%
    41% 141 $25,005,000 $177,340 $3,052 2.89%
    40% 128 $21,930,000 $171,328 $3,325 2.84%
    42% 120 $21,730,000 $181,083 $2,938 2.94%
    36% 120 $19,870,000 $165,583 $3,760 2.81%
    44% 119 $17,245,000 $144,916 $2,602 2.98%
    39% 119 $19,145,000 $160,882 $3,065 2.86%
    37% 118 $17,800,000 $150,847 $2,730 2.87%
    38% 111 $15,665,000 $141,126 $2,522 2.94%
    43% 103 $15,625,000 $151,699 $2,837 2.92%
    49% 100 $14,870,000 $148,700 $2,607 2.77%
    47% 95 $14,185,000 $149,316 $2,610 2.99%
    46% 92 $13,160,000 $143,043 $2,292 2.97%
    45% 88 $13,830,000 $157,159 $2,751 2.98%
    50-60% 88 $8,690,000 $98,750 $392 2.72%
    48% 84 $12,640,000 $150,476 $2,792 2.79%
    >60% 10 $850,000 $85,000 $24 2.52%

    Hudson Valley Credit Union lent most frequently to those with DTI ratios of 20-30%, with 929 originations. The next most common DTI ratio? 30-36%, with 661 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,698 $422,090,000 $156,446 $2,846 2.81%
    Not provided 599 $105,455,000 $176,052 $3,175 2.80%
    Not applicable 42 $32,120,000 $764,762 $0 3.53%
    Black 155 $23,645,000 $152,548 $3,107 2.92%
    Asian 84 $15,370,000 $182,976 $3,391 2.73%
    American Indian 31 $4,695,000 $151,452 $2,536 3.10%
    Asian Indian 8 $2,240,000 $280,000 $5,160 2.56%
    Filipino 2 $430,000 $215,000 $4,138 2.56%
    Other Pacific Islander 1 $225,000 $225,000 $5,484 3.00%
    Native Hawaiian or Islander 2 $180,000 $90,000 $2,306 2.62%
    Other Asian 1 $95,000 $95,000 $2,678 2.25%
    Chinese 1 $55,000 $55,000 $0 2.24%

    Approval Rates

    Total approvals of all applications
    75.16%

    Hudson Valley Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    61.23%

    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 3,624 $606,600,000 $167,384

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,624 $606,600,000 $167,384

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 796 $93,240,000 $117,136 $1,701 2.73%
    40-60% 586 $117,620,000 $200,717 $2,976 2.63%
    60-80% 815 $225,705,000 $276,939 $3,784 2.85%
    80-100% 411 $112,865,000 $274,611 $3,651 2.98%
    Over 100% 1 $275,000 $275,000 $5,544 2.88%
    Under 20% 1,015 $56,895,000 $56,054 $154 2.90%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Hudson United Mortgage LLC Conventional home mortgage Trouble during payment process 1 100.0%