Hudson Valley Credit Union Mortgage Rates, Fees & Info

Poughkeepsie, NY

LEI: 54930085BPQMVH9JFX69

Tax ID: 14-1471439

5 stars - Updated: 4/17/25 - out of 5 stars, based on 56 reviews

Latest/2024 | 2023 Data | 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 Hudson among others. We have data for 18 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 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) 3.98% 4/17/25
    30 Year Conventional Purchase 6.68% 4/17/25
    30 Year Conventional Refi 5.24% 4/17/25
    30 Year Cash-out Refi 6.94% 4/17/25
    30 Year FHA Purchase 7.79% 4/17/25
    30 Year FHA Refi 8.10% 4/17/25
    30 Year VA Purchase 6.94% 4/17/25
    15 Year Conventional Purchase 6.12% 4/17/25
    15 Year Conventional Refi 7.52% 4/17/25
    15 Year Cash-out Refi 7.52% 4/17/25
    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

    3,145

    Origination Dollar Volume (All Markets)

    $473,335,000
    Show all (9) awards

    Relative Rate

    Hudson Valley Credit Union's average 30 year fixed mortgage rate was 6.36%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.19%.

    Relative Fees (Closing Costs)

    Hudson Valley Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,503.

    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 $8,356.

    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) 2,002 $285,040,000 $142,378 $1,323 6.54%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 552 $102,820,000 $186,268 $1,135 6.34%
    KINGSTON, NY (FHA|USDA|VA) 360 $46,960,000 $130,444 $1,360 6.41%
    Outside of Metro Areas 136 $21,380,000 $157,206 $1,390 6.95%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 32 $7,780,000 $243,125 $2,746 6.65%
    Hudson, NY (FHA|USDA|VA) 38 $5,520,000 $145,263 $1,666 6.54%
    GLENS FALLS, NY (FHA|USDA|VA) 8 $990,000 $123,750 $1,286 6.23%
    Gloversville, NY (FHA|USDA|VA) 2 $500,000 $250,000 $5,133 6.31%
    Auburn, NY (FHA|USDA|VA) 2 $490,000 $245,000 $5,047 8.43%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $455,000 $455,000 $10,573 5.63%
    ROCHESTER, NY (FHA|USDA|VA) 2 $280,000 $140,000 $0 5.75%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $255,000 $255,000 $4,775 6.13%
    BINGHAMTON, NY (FHA|USDA|VA) 2 $250,000 $125,000 $1,213 6.81%
    SYRACUSE, NY (FHA|USDA|VA) 3 $215,000 $71,667 $0 5.58%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $165,000 $165,000 $3,268 6.38%
    Plattsburgh, NY (FHA|USDA|VA) 1 $105,000 $105,000 $3,973 6.00%
    Corning, NY (FHA|USDA|VA) 1 $85,000 $85,000 $2,755 7.50%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 9.99%
    Hudson Valley Credit Union's top markets include Poughkeepsie, New York, Kingston, Albany, 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.

    FIRST NEW YORK
    Similarity Rank: 48
    Bank of Richmondville
    Similarity Rank: 50
    Columbia Bank
    Similarity Rank: 64
    The Bank of Greene County
    Similarity Rank: 99
    Saratoga National Bank and Trust Company
    Similarity Rank: 120
    N C P D Federal Credit Union
    Similarity Rank: 126
    BNB Bank
    Similarity Rank: 154
    Rhinebeck Bank
    Similarity Rank: 156
    Glens Falls National Bank and Trust Company
    Similarity Rank: 200
    ISLAND
    Similarity Rank: 260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,644 $272,350,000 $165,663 $1,286 7.45%
    HELOC 1,490 $197,050,000 $132,248 n/a 5.47%
    FHA 11 $3,935,000 $357,727 $9,953 6.65%

    For 2024, Hudson Valley Credit Union's most frequently originated type of loan was Conventional, with 1,644 originations. Their 2nd most popular type was HELOC, with 1,490 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 1,391 $153,995,000 $110,708 $25 6.34%
    Other 792 $81,630,000 $103,068 $19 6.72%
    Refi 478 $72,320,000 $151,297 $330 6.72%
    Home Purchase 412 $141,310,000 $342,985 $4,582 6.38%
    Cash Out Refi 72 $24,080,000 $334,444 $4,403 6.71%

    For 2024, Hudson Valley Credit Union's most frequently cited loan purpose was Home Improvement, with 1,391 originations. The 2nd most popular reason was Other, with 792 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 1,926 $248,700,000 $129,128 $122 6.14%
    30 Year 454 $151,240,000 $333,128 $4,503 6.36%
    15 Year 282 $40,560,000 $143,830 $331 7.72%
    10 Year 246 $19,070,000 $77,520 $14 7.58%
    Other 228 $12,900,000 $56,579 $48 7.24%
    5 Year 6 $780,000 $130,000 $0 7.42%
    3 Year 2 $70,000 $35,000 $0 7.55%
    1 Year 1 $15,000 $15,000 $0 7.00%

    For 2024, Hudson Valley Credit Union's most frequently cited loan duration was 20 Year, with 1,926 originations. The 2nd most popular length was 30 Year, with 454 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,385 $185,495,000 $133,931
    $1k-2k 111 $30,865,000 $278,063
    $2k-3k 68 $24,200,000 $355,882
    $3k-4k 30 $10,190,000 $339,667
    $4k-5k 18 $5,830,000 $323,889
    $5k+ 11 $5,125,000 $465,909

    Hudson Valley Credit Union's average total fees were $4,503, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,385 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 1,407 $212,835,000 $151,269
    7-8% 683 $83,865,000 $122,789
    6-7% 534 $113,440,000 $212,434
    Over 8% 362 $40,890,000 $112,956
    3-4% 150 $21,050,000 $140,333
    <2.5% 6 $740,000 $123,333
    4-5% 3 $515,000 $171,667

    During 2024, Hudson Valley Credit Union's average interest rate for loans was 6.36%, while their most frequently originated rate bucket for loans was 5-6%, with 1,407 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,404 $79,400,000 $56,553 $45 6.73%
    $100k-200k 952 $126,830,000 $133,225 $891 6.36%
    $200k-400k 621 $169,035,000 $272,198 $3,438 6.31%
    $400k-600k 116 $55,130,000 $475,259 $4,976 6.23%
    $600k-1MM 44 $32,210,000 $732,045 $5,158 6.14%
    $1MM+ 8 $10,730,000 $1,341,250 $5,203 6.36%

    2024 saw Hudson Valley Credit Union place emphasis on $100,000 or less loans with 1,404 originations, totaling $79,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 924 $124,780,000 $135,043 $1,452 6.51%
    $150k-250k 869 $135,035,000 $155,391 $1,152 6.57%
    $75k-100k 477 $57,845,000 $121,268 $1,407 6.47%
    $250k+ 390 $100,440,000 $257,538 $1,514 6.36%
    $50k-75k 347 $31,525,000 $90,850 $1,285 6.47%
    $50k or less 89 $6,165,000 $69,270 $707 6.25%

    Hudson Valley Credit Union lent most frequently to those with incomes in the $100k-150k range, with 924 originations. The second most popular income band? $150k-250k, with 869 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 727 $92,035,000 $126,596 $147 6.45%
    20-30% 457 $66,225,000 $144,912 $1,478 6.37%
    30-36% 445 $60,575,000 $136,124 $1,419 6.52%
    <20% 136 $21,330,000 $156,838 $1,144 6.26%
    38% 111 $20,565,000 $185,270 $1,969 6.76%
    43% 109 $15,265,000 $140,046 $1,507 6.57%
    48% 107 $17,245,000 $161,168 $1,400 6.73%
    42% 99 $16,585,000 $167,525 $1,767 6.59%
    47% 96 $16,240,000 $169,167 $1,723 6.60%
    39% 96 $13,790,000 $143,646 $1,924 6.71%
    49% 96 $14,640,000 $152,500 $1,466 6.60%
    46% 94 $14,970,000 $159,255 $1,586 6.61%
    40% 92 $18,470,000 $200,761 $2,030 6.57%
    44% 92 $14,530,000 $157,935 $1,602 6.71%
    41% 90 $15,540,000 $172,667 $2,250 6.65%
    37% 86 $11,980,000 $139,302 $1,549 6.41%
    45% 79 $13,225,000 $167,405 $1,847 6.55%
    36% 63 $10,615,000 $168,492 $2,385 6.50%
    >60% 53 $7,635,000 $144,057 $488 5.97%

    Hudson Valley Credit Union lent most frequently to those with DTI ratios of 50-60%, with 727 originations. The next most common DTI ratio? 20-30%, with 457 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,272 $326,810,000 $143,842 $1,209 6.53%
    Not provided 496 $86,220,000 $173,831 $2,285 6.33%
    Black 237 $28,495,000 $120,232 $903 6.63%
    Asian 71 $13,415,000 $188,944 $980 6.06%
    Not applicable 15 $11,025,000 $735,000 $0 7.24%
    American Indian 29 $2,915,000 $100,517 $2 7.10%
    Asian Indian 6 $2,020,000 $336,667 $2,634 6.33%
    Native Hawaiian or Islander 14 $1,650,000 $117,857 $905 6.74%
    Other Asian 2 $620,000 $310,000 $3,411 7.23%
    Other Pacific Islander 3 $165,000 $55,000 $0 7.42%

    Approval Rates

    Total approvals of all applications
    74.41%

    Hudson Valley Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    65.60%

    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 3,145 $473,335,000 $150,504

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,145 $473,335,000 $150,504

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 975 $147,705,000 $151,492 $334 6.43%
    40-60% 253 $63,575,000 $251,285 $2,157 6.30%
    60-80% 220 $78,560,000 $357,091 $4,442 6.34%
    80-100% 232 $85,110,000 $366,853 $4,749 6.42%
    Under 20% 1,465 $98,385,000 $67,157 $30 6.63%