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

Jump to:

  • 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 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.) 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 22 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) 6.27% 4/21/24
    30 Year Conventional Purchase 6.50% 4/21/24
    30 Year Conventional Refi 6.31% 4/21/24
    30 Year Cash-out Refi 6.56% 4/21/24
    30 Year FHA Purchase 7.50% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year VA Purchase 6.51% 4/21/24
    15 Year Conventional Purchase 5.73% 4/21/24
    15 Year Conventional Refi 6.25% 4/21/24
    15 Year Cash-out Refi 6.25% 4/21/24
    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

    2,975

    Origination Dollar Volume (All Markets)

    $545,935,000

    Awards

    HUDSON VALLEY CREDIT UNION 30 Year Conventional Loans gold HUDSON VALLEY CREDIT UNION 30 Year Conventional Loans gold HUDSON VALLEY CREDIT UNION FHA Loans gold
    Show all (3) 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) 2,079 $371,825,000 $178,848 $2,745 3.19%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 368 $84,150,000 $228,668 $3,617 3.01%
    KINGSTON, NY (FHA|USDA|VA) 336 $54,900,000 $163,393 $2,792 3.06%
    Outside of Metro Areas 66 $10,290,000 $155,909 $2,652 3.35%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 31 $8,415,000 $271,452 $3,891 3.02%
    Hudson, NY (FHA|USDA|VA) 27 $5,165,000 $191,296 $2,705 3.22%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 23 $3,445,000 $149,783 $3,153 3.32%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 11 $2,115,000 $192,273 $2,335 3.51%
    Torrington, CT (FHA|USDA|VA) 10 $1,700,000 $170,000 $2,015 3.17%
    GLENS FALLS, NY (FHA|USDA|VA) 5 $1,395,000 $279,000 $3,911 3.38%
    SYRACUSE, NY (FHA|USDA|VA) 4 $810,000 $202,500 $2,804 2.91%
    Malone, NY (FHA|USDA|VA) 2 $330,000 $165,000 $3,034 3.06%
    ROCHESTER, NY (FHA|USDA|VA) 3 $315,000 $105,000 $6,544 2.75%
    Plattsburgh, NY (FHA|USDA|VA) 1 $215,000 $215,000 $4,223 3.38%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $4,237 3.38%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $150,000 $75,000 $3,496 2.62%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $145,000 $145,000 $3,494 3.13%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $105,000 $105,000 $3,443 3.25%
    Oneonta, NY (FHA|USDA|VA) 1 $105,000 $105,000 $4,218 2.88%
    ITHACA, NY (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.24%
    Gloversville, NY (FHA|USDA|VA) 1 $55,000 $55,000 $2,464 2.63%
    Jamestown-Dunkirk-Fredonia, 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.

    FIRST NEW YORK
    Similarity Rank: 56
    The First National Bank of Long Island
    Similarity Rank: 134
    Bank of Richmondville
    Similarity Rank: 180
    HUDSON RIVER COMMUNITY
    Similarity Rank: 192
    North Jersey Federal Credit Union
    Similarity Rank: 247
    The Bank of Greene County
    Similarity Rank: 290
    Saratoga National Bank and Trust Company
    Similarity Rank: 348
    N C P D Federal Credit Union
    Similarity Rank: 482
    SIKORSKY FINANCIAL
    Similarity Rank: 520
    Glens Falls National Bank and Trust Company
    Similarity Rank: 522

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,211 $476,165,000 $215,362 $2,801 3.41%
    HELOC 728 $61,150,000 $83,997 n/a 2.38%
    FHA 25 $5,645,000 $225,800 $6,781 3.41%
    VA 9 $2,575,000 $286,111 $7,213 3.29%
    USDA 2 $400,000 $200,000 $4,674 3.63%

    For 2020, Hudson Valley Credit Union's most frequently originated type of loan was Conventional, with 2,211 originations. Their 2nd most popular type was HELOC, with 728 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 914 $202,490,000 $221,543 $2,856 2.94%
    Home Improvement 621 $44,975,000 $72,424 $200 3.16%
    Home Purchase 599 $146,865,000 $245,184 $3,455 3.26%
    Cash Out Refi 550 $128,740,000 $234,073 $3,653 3.10%
    Other 291 $22,865,000 $78,574 $284 3.70%

    For 2020, Hudson Valley Credit Union's most frequently cited loan purpose was Refi, with 914 originations. The 2nd most popular reason was Home Improvement, with 621 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 997 $112,365,000 $112,703 $2,245 2.81%
    30 Year 903 $225,815,000 $250,072 $3,602 3.29%
    15 Year 771 $168,975,000 $219,163 $2,732 3.01%
    10 Year 182 $22,190,000 $121,923 $1,628 4.14%
    Other 116 $15,440,000 $133,103 $1,321 4.43%
    5 Year 5 $465,000 $93,000 $0 4.65%
    30+ year 1 $685,000 $685,000 $14,959 3.00%

    For 2020, Hudson Valley Credit Union's most frequently cited loan duration was 20 Year, with 997 originations. The 2nd most popular length was 30 Year, with 903 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,612 $299,910,000 $186,048
    $1k-2k 379 $98,305,000 $259,380
    $2k-3k 121 $32,585,000 $269,298
    $3k-4k 46 $14,110,000 $306,739
    $5k+ 35 $12,525,000 $357,857
    $4k-5k 25 $7,785,000 $311,400

    Hudson Valley Credit Union's average total fees were $3,602, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,612 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 946 $239,590,000 $253,266
    <2.5% 880 $100,020,000 $113,659
    2.5-3% 801 $183,855,000 $229,532
    5-6% 155 $8,845,000 $57,065
    4-5% 100 $8,380,000 $83,800
    6-7% 84 $4,890,000 $58,214
    7-8% 9 $355,000 $39,444

    During 2020, Hudson Valley Credit Union's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 946 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,092 $294,680,000 $269,853 $3,498 3.05%
    $100k-200k 910 $134,880,000 $148,220 $2,764 2.95%
    $100,000 or less 841 $44,415,000 $52,812 $628 3.51%
    $400k-600k 118 $54,170,000 $459,068 $4,705 3.13%
    $600k-1MM 9 $6,435,000 $715,000 $8,365 3.33%
    $1MM+ 5 $11,355,000 $2,271,000 $0 3.73%

    2020 saw Hudson Valley Credit Union place emphasis on $200k-400k loans with 1,092 originations, totaling $294,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 896 $161,250,000 $179,967 $2,990 3.16%
    $150k-250k 725 $153,395,000 $211,579 $3,002 3.10%
    $75k-100k 520 $83,990,000 $161,519 $2,689 3.21%
    $50k-75k 442 $61,000,000 $138,009 $2,606 3.23%
    $250k+ 220 $53,710,000 $244,136 $3,276 2.96%
    $50k or less 134 $11,920,000 $88,955 $2,216 3.05%

    Hudson Valley Credit Union lent most frequently to those with incomes in the $100k-150k range, with 896 originations. The second most popular income band? $150k-250k, with 725 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 898 $169,230,000 $188,452 $2,909 3.04%
    30-36% 559 $101,095,000 $180,850 $2,947 3.19%
    <20% 275 $48,165,000 $175,145 $2,679 2.96%
    39% 106 $19,050,000 $179,717 $2,882 3.15%
    38% 105 $17,665,000 $168,238 $2,931 3.37%
    40% 103 $18,265,000 $177,330 $3,125 3.18%
    43% 102 $17,050,000 $167,157 $2,872 3.28%
    44% 97 $15,445,000 $159,227 $3,187 3.34%
    37% 94 $17,860,000 $190,000 $3,074 3.28%
    36% 94 $16,530,000 $175,851 $2,908 3.10%
    42% 92 $17,040,000 $185,217 $2,738 3.20%
    41% 88 $16,260,000 $184,773 $3,142 3.22%
    49% 82 $11,740,000 $143,171 $1,850 3.38%
    47% 68 $11,510,000 $169,265 $2,523 3.21%
    48% 68 $10,440,000 $153,529 $2,582 3.15%
    46% 55 $8,965,000 $163,000 $2,405 3.33%
    45% 53 $8,935,000 $168,585 $2,581 3.28%
    50-60% 5 $745,000 $149,000 $1,957 3.37%

    Hudson Valley Credit Union lent most frequently to those with DTI ratios of 20-30%, with 898 originations. The next most common DTI ratio? 30-36%, with 559 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,321 $403,165,000 $173,703 $2,798 3.16%
    Not provided 408 $81,110,000 $198,799 $3,171 3.04%
    Not applicable 30 $19,760,000 $658,667 $0 3.88%
    Black 115 $19,065,000 $165,783 $2,792 3.42%
    Asian 70 $16,280,000 $232,571 $3,308 2.96%
    Asian Indian 8 $2,730,000 $341,250 $3,249 2.89%
    American Indian 13 $2,295,000 $176,538 $2,690 3.44%
    Chinese 3 $695,000 $231,667 $3,265 2.75%
    Japanese 2 $310,000 $155,000 $2,578 2.44%
    Native Hawaiian or Islander 3 $305,000 $101,667 $2,378 2.49%
    Other Asian 1 $155,000 $155,000 $0 5.50%
    Other Pacific Islander 1 $65,000 $65,000 $2,293 2.38%

    Approval Rates

    Total approvals of all applications
    77.99%

    Hudson Valley Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    53.71%

    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 2,975 $545,935,000 $183,508

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $16,295,000 $958,529
    Single Family (1-4 Units):Manufactured 4 $520,000 $130,000
    Single Family (1-4 Units):Site-Built 2,954 $529,120,000 $179,120

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 472 $48,910,000 $103,623 $1,429 3.11%
    40-60% 461 $88,735,000 $192,484 $2,844 2.85%
    60-80% 936 $241,290,000 $257,788 $3,431 3.06%
    80-100% 540 $138,220,000 $255,963 $3,495 3.22%
    Over 100% 4 $1,330,000 $332,500 $11,025 3.16%
    Under 20% 562 $27,450,000 $48,843 $152 3.54%