Ulster Savings Bank Mortgage Rates, Fees & Info
Kingston, NYLEI: 5493008GTOZI3HQKE634
Tax ID: 14-1136850
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Mortgage Data
Review & Overview
Ulster Savings Bank is a smaller bank specializing in Home Purchase loans. Ulster Savings Bank 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: Kingston, Poughkeepsie, New York, Albany, and Hudson among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Ulster Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Ulster Savings Bank 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 4/18/25 |
| 30 Year Conventional Refi | 7.01% | 4/18/25 |
| 30 Year Cash-out Refi | 7.03% | 4/18/25 |
| 30 Year FHA Purchase | 7.04% | 4/18/25 |
| 15 Year Conventional Purchase | 6.52% | 4/18/25 |
| 15 Year Conventional Refi | 6.58% | 4/18/25 |
| 15 Year Cash-out Refi | 6.58% | 4/18/25 |
| 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. | ||
Ulster Savings Bank Mortgage Calculator
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This is not an official calculator from Ulster Savings Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
442Origination Dollar Volume (All Markets)
$115,370,000Awards
Ulster Savings Bank - 2024
Ulster Savings Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Ulster Savings Bank's average 30 year fixed mortgage rate was
6.73%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.18%.
Relative Fees (Closing Costs)
Ulster Savings Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,680.
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 |
|---|---|---|---|---|---|
| KINGSTON, NY (FHA|USDA|VA) | 258 | $64,290,000 | $249,186 | $3,274 | 7.11% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 103 | $27,015,000 | $262,282 | $3,497 | 7.12% |
| Outside of Metro Areas | 48 | $11,470,000 | $238,958 | $3,859 | 7.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 19 | $9,045,000 | $476,053 | $4,880 | 7.13% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 8 | $1,630,000 | $203,750 | $4,190 | 6.53% |
| Hudson, NY (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $3,955 | 6.66% |
| Amsterdam, NY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,398 | 7.00% |
| Gloversville, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,583 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Ulster Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 64
Similarity Rank: 99
Similarity Rank: 126
Similarity Rank: 154
Similarity Rank: 156
Similarity Rank: 260
Similarity Rank: 384
Similarity Rank: 450
Similarity Rank: 504
Similarity Rank: 504
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 440 | $114,820,000 | $260,955 | $3,475 | 7.08% |
| FHA | 2 | $550,000 | $275,000 | $7,790 | 6.63% |
For 2024, Ulster Savings Bank's most frequently originated type of loan was Conventional, with 440 originations. Their 2nd most popular type was FHA, with 2 originations.
Loan Reason
For 2024, Ulster Savings Bank's most frequently cited loan purpose was Home Purchase, with 250 originations. The 2nd most popular reason was Other, with 83 originations.
Loan Duration/Length
For 2024, Ulster Savings Bank's most frequently cited loan duration was 30 Year, with 263 originations. The 2nd most popular length was 15 Year, with 61 originations.
Origination Fees/Closing Costs
Ulster Savings Bank's average total fees were $5,680, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 176 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 208 | $63,520,000 | $305,385 |
| 7-8% | 173 | $35,115,000 | $202,977 |
| Over 8% | 48 | $13,800,000 | $287,500 |
| 5-6% | 9 | $2,265,000 | $251,667 |
| <2.5% | 4 | $670,000 | $167,500 |
During 2024, Ulster Savings Bank's average interest rate for loans was 6.73%, while their most frequently originated rate bucket for loans was 6-7%, with 208 originations.
Loan Sizing
2024 saw Ulster Savings Bank place emphasis on $200k-400k loans with 151 originations, totaling $43,215,000 in origination value.
Applicant Income
Ulster Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 107 originations. The second most popular income band? $150k-250k, with 91 originations.
Applicant Debt to Income Ratio
Ulster Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 94 originations. The next most common DTI ratio? 30-36%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.88%
Ulster Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.88%
Ulster Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 442 | $115,370,000 | $261,018 |