Hudson Valley Credit Union Mortgage Rates, Fees & InfoPoughkeepsie, NY
Tax ID: 14-1471439
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewHudson 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.
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|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 EstimatesEstimated 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.
Origination Dollar Volume (All Markets)$512,515,000
HUDSON VALLEY CREDIT UNION - 2022
HUDSON VALLEY CREDIT UNION is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Hudson Valley Credit Union's average 30 year fixed mortgage rate was
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.
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%|
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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.
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.
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
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.
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.
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.
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
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.
Approval RatesTotal approvals of all applications
Hudson Valley Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick RateApprovals leading to origination
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|