Hudson Valley Credit Union Mortgage Rates, Fees & Info

Poughkeepsie, NY

LEI: 54930085BPQMVH9JFX69

Tax ID: 14-1471439

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Poughkeepsie, New York, Kingston, Bridgeport, and Hudson among others. We have data for 14 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% 4/18/24
    30 Year Conventional Purchase 6.50% 4/18/24
    30 Year Conventional Refi 6.31% 4/18/24
    30 Year Cash-out Refi 6.56% 4/18/24
    30 Year FHA Purchase 7.50% 4/18/24
    30 Year FHA Refi 6.27% 4/18/24
    30 Year VA Purchase 6.51% 4/18/24
    15 Year Conventional Purchase 5.73% 4/18/24
    15 Year Conventional Refi 6.25% 4/18/24
    15 Year Cash-out Refi 6.25% 4/18/24
    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

    2,324

    Origination Dollar Volume (All Markets)

    $319,810,000
    Show all (7) awards

    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) 1,672 $228,920,000 $136,914 $2,074 4.17%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 225 $36,145,000 $160,644 $2,256 4.17%
    KINGSTON, NY (FHA|USDA|VA) 296 $34,610,000 $116,926 $1,861 4.15%
    Outside of Metro Areas 54 $6,910,000 $127,963 $2,249 4.21%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 26 $4,660,000 $179,231 $2,939 3.89%
    Hudson, NY (FHA|USDA|VA) 19 $3,285,000 $172,895 $1,908 4.54%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 15 $2,885,000 $192,333 $3,555 3.63%
    Torrington, CT (FHA|USDA|VA) 6 $840,000 $140,000 $1,758 5.35%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $605,000 $201,667 $3,580 3.00%
    ROCHESTER, NY (FHA|USDA|VA) 2 $250,000 $125,000 $2,202 2.75%
    GLENS FALLS, NY (FHA|USDA|VA) 2 $250,000 $125,000 $1,385 4.88%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $240,000 $120,000 $1,829 4.31%
    Oneonta, NY (FHA|USDA|VA) 1 $165,000 $165,000 $2,015 3.50%
    SYRACUSE, NY (FHA|USDA|VA) 1 $45,000 $45,000 $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.

    Bank of Richmondville
    Similarity Rank: 54
    N C P D Federal Credit Union
    Similarity Rank: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    SIKORSKY FINANCIAL
    Similarity Rank: 115
    The Bank of Greene County
    Similarity Rank: 120
    HUDSON RIVER COMMUNITY
    Similarity Rank: 120
    Saratoga National Bank and Trust Company
    Similarity Rank: 140
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    MUTUAL SECURITY CREDIT UNION
    Similarity Rank: 208

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,592 $258,220,000 $162,198 $1,986 4.58%
    HELOC 696 $53,050,000 $76,221 n/a 3.22%
    FHA 30 $7,000,000 $233,333 $6,727 4.05%
    VA 5 $1,385,000 $277,000 $6,086 3.63%
    USDA 1 $155,000 $155,000 $4,218 3.63%

    For 2019, Hudson Valley Credit Union's most frequently originated type of loan was Conventional, with 1,592 originations. Their 2nd most popular type was HELOC, with 696 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 659 $146,735,000 $222,663 $3,211 4.08%
    Home Improvement 655 $41,755,000 $63,748 $86 4.19%
    Other 426 $29,580,000 $69,437 $213 4.53%
    Refi 340 $50,230,000 $147,735 $1,803 3.99%
    Cash Out Refi 244 $51,510,000 $211,107 $3,494 3.90%

    For 2019, Hudson Valley Credit Union's most frequently cited loan purpose was Home Purchase, with 659 originations. The 2nd most popular reason was Home Improvement, with 655 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 913 $75,405,000 $82,590 $683 3.75%
    30 Year 737 $165,545,000 $224,620 $3,388 4.05%
    15 Year 340 $54,210,000 $159,441 $1,727 4.50%
    10 Year 165 $14,245,000 $86,333 $559 5.14%
    Other 163 $9,545,000 $58,558 $305 5.23%
    5 Year 4 $210,000 $52,500 $5 5.20%
    30+ year 2 $650,000 $325,000 $5,477 3.56%

    For 2019, Hudson Valley Credit Union's most frequently cited loan duration was 20 Year, with 913 originations. The 2nd most popular length was 30 Year, with 737 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,324 $180,030,000 $135,974
    $1k-2k 169 $40,435,000 $239,260
    $2k-3k 50 $13,750,000 $275,000
    $3k-4k 23 $8,125,000 $353,261
    $5k+ 18 $7,450,000 $413,889
    $4k-5k 6 $1,980,000 $330,000

    Hudson Valley Credit Union's average total fees were $3,388, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,324 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 616 $136,720,000 $221,948
    4-5% 520 $92,710,000 $178,288
    <2.5% 520 $38,820,000 $74,654
    5-6% 408 $30,160,000 $73,922
    6-7% 146 $9,170,000 $62,808
    7-8% 49 $2,605,000 $53,163
    2.5-3% 39 $8,165,000 $209,359
    Over 8% 26 $1,460,000 $56,154

    During 2019, Hudson Valley Credit Union's average interest rate for loans was 4.05%, while their most frequently originated rate bucket for loans was 3-4%, with 616 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,077 $54,865,000 $50,942 $348 4.42%
    $100k-200k 680 $98,370,000 $144,662 $2,522 3.92%
    $200k-400k 510 $134,860,000 $264,431 $3,461 3.94%
    $400k-600k 46 $20,730,000 $450,652 $4,822 4.04%
    $600k-1MM 6 $4,220,000 $703,333 $7,962 4.28%
    $1MM+ 5 $6,765,000 $1,353,000 $13,513 4.21%

    2019 saw Hudson Valley Credit Union place emphasis on $100,000 or less loans with 1,077 originations, totaling $54,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 674 $88,590,000 $131,439 $1,991 4.25%
    $150k-250k 517 $75,325,000 $145,696 $2,118 4.27%
    $75k-100k 412 $53,670,000 $130,267 $2,273 4.02%
    $50k-75k 402 $48,570,000 $120,821 $2,000 4.10%
    $50k or less 144 $13,180,000 $91,528 $1,872 4.01%
    $250k+ 121 $23,145,000 $191,281 $2,542 3.85%

    Hudson Valley Credit Union lent most frequently to those with incomes in the $100k-150k range, with 674 originations. The second most popular income band? $150k-250k, with 517 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 531 $76,525,000 $144,115 $2,305 4.00%
    30-36% 470 $60,880,000 $129,532 $2,230 4.09%
    <20% 184 $23,360,000 $126,957 $2,002 3.72%
    41% 94 $13,870,000 $147,553 $2,371 4.09%
    39% 92 $12,020,000 $130,652 $2,146 4.31%
    38% 87 $10,615,000 $122,011 $1,891 4.49%
    36% 84 $12,770,000 $152,024 $2,437 4.31%
    44% 83 $10,855,000 $130,783 $2,011 4.55%
    40% 80 $11,550,000 $144,375 $1,849 4.47%
    37% 80 $11,120,000 $139,000 $2,014 4.30%
    48% 80 $9,250,000 $115,625 $1,473 4.30%
    46% 77 $9,315,000 $120,974 $1,456 4.40%
    43% 75 $9,455,000 $126,067 $2,067 4.16%
    49% 68 $8,220,000 $120,882 $1,984 4.16%
    45% 66 $8,920,000 $135,152 $1,956 4.25%
    42% 63 $6,975,000 $110,714 $1,634 4.58%
    47% 63 $7,545,000 $119,762 $1,396 4.17%
    50-60% 9 $1,575,000 $175,000 $3,770 3.69%

    Hudson Valley Credit Union lent most frequently to those with DTI ratios of 20-30%, with 531 originations. The next most common DTI ratio? 30-36%, with 470 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,903 $241,765,000 $127,044 $1,957 4.16%
    Not provided 237 $44,135,000 $186,224 $2,802 4.14%
    Not applicable 37 $14,815,000 $400,405 $0 4.82%
    Black 79 $9,645,000 $122,089 $2,307 4.05%
    Asian 50 $6,950,000 $139,000 $2,337 3.95%
    Native Hawaiian or Islander 7 $955,000 $136,429 $1,342 4.60%
    American Indian 7 $905,000 $129,286 $2,028 3.76%
    Asian Indian 2 $360,000 $180,000 $2,432 3.88%
    Other Asian 1 $155,000 $155,000 $2,263 3.13%
    Chinese 1 $125,000 $125,000 $2,598 3.38%

    Approval Rates

    Total approvals of all applications
    67.35%

    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
    54.09%

    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 2,324 $319,810,000 $137,612

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 18 $11,330,000 $629,444
    Single Family (1-4 Units):Site-Built 2,306 $308,480,000 $133,773

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 493 $44,095,000 $89,442 $542 4.20%
    40-60% 224 $36,120,000 $161,250 $2,540 3.85%
    60-80% 431 $101,625,000 $235,789 $3,325 3.94%
    80-100% 479 $108,305,000 $226,106 $3,272 4.04%
    Over 100% 1 $85,000 $85,000 $3,317 4.13%
    Under 20% 696 $29,580,000 $42,500 $28 4.45%