Ulster Savings Bank Mortgage Rates, Fees & Info

Kingston, NY

LEI: 5493008GTOZI3HQKE634

Tax ID: 14-1136850

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

    Ulster Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Kingston, Poughkeepsie, New York, Hudson, and Glens Falls among others. We have data for 9 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 an average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.47% 12/16/24
    30 Year Conventional Refi 6.40% 12/16/24
    30 Year Cash-out Refi 6.53% 12/16/24
    30 Year FHA Purchase 7.65% 12/16/24
    30 Year FHA Refi 7.49% 12/16/24
    30 Year VA Purchase 6.69% 12/16/24
    30 Year USDA Purchase 6.39% 12/16/24
    15 Year Conventional Purchase 6.18% 12/16/24
    15 Year Conventional Refi 6.08% 12/16/24
    15 Year Cash-out Refi 6.08% 12/16/24
    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.

    Ulster Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Ulster Savings Bank. 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

    868

    Origination Dollar Volume (All Markets)

    $267,770,000
    Show all (9) 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
    KINGSTON, NY (FHA|USDA|VA) 493 $125,385,000 $254,331 $3,581 4.40%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 165 $53,715,000 $325,545 $3,690 4.32%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 71 $48,745,000 $686,549 $5,057 4.11%
    Outside of Metro Areas 112 $29,270,000 $261,339 $4,049 4.18%
    Hudson, NY (FHA|USDA|VA) 22 $9,700,000 $440,909 $5,196 4.10%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $285,000 $285,000 $2,124 5.38%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $250,000 $125,000 $2,380 4.88%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $225,000 $225,000 $5,110 4.75%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $195,000 $195,000 $4,701 4.25%
    Ulster Savings Bank's top markets include Kingston, Poughkeepsie, New York, Hudson, and Glens Falls among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • 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.

    RSI BANK
    Similarity Rank: 30
    Schuyler Savings Bank
    Similarity Rank: 51
    The Bank of Greene County
    Similarity Rank: 81
    North Jersey Federal Credit Union
    Similarity Rank: 124
    The First National Bank of Long Island
    Similarity Rank: 142
    CCFCU FUNDING, LLC
    Similarity Rank: 168
    N C P D Federal Credit Union
    Similarity Rank: 201
    Walden Savings Bank
    Similarity Rank: 231
    Nassau Educators Federal Credit Union
    Similarity Rank: 481
    American Broadcast Employees Federal Credit Union
    Similarity Rank: 540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 850 $263,090,000 $309,518 $3,717 4.32%
    FHA 15 $3,735,000 $249,000 $7,571 4.63%
    VA 2 $660,000 $330,000 $9,858 5.25%
    USDA 1 $285,000 $285,000 $5,593 3.25%

    For 2022, Ulster Savings Bank's most frequently originated type of loan was Conventional, with 850 originations. Their 2nd most popular type was FHA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 444 $177,370,000 $399,482 $5,104 4.22%
    Cash Out Refi 174 $54,660,000 $314,138 $4,100 3.94%
    Other 103 $12,845,000 $124,709 $1,349 5.04%
    Home Improvement 81 $7,465,000 $92,160 $607 5.31%
    Refi 66 $15,430,000 $233,788 $2,774 3.71%

    For 2022, Ulster Savings Bank's most frequently cited loan purpose was Home Purchase, with 444 originations. The 2nd most popular reason was Cash Out Refi, with 174 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 555 $209,015,000 $376,604 $5,164 4.15%
    15 Year 164 $21,900,000 $133,537 $968 4.89%
    10 Year 69 $8,295,000 $120,217 $1,201 4.14%
    Other 35 $21,755,000 $621,571 $1,055 4.97%
    20 Year 20 $4,210,000 $210,500 $2,861 3.72%
    5 Year 19 $725,000 $38,158 $16 4.83%
    30+ year 6 $1,870,000 $311,667 $4,898 3.85%

    For 2022, Ulster Savings Bank's most frequently cited loan duration was 30 Year, with 555 originations. The 2nd most popular length was 15 Year, with 164 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 271 $89,105,000 $328,801
    $<1k 181 $13,045,000 $72,072
    $2k-3k 130 $37,740,000 $290,308
    $3k-4k 98 $34,880,000 $355,918
    $5k+ 59 $33,155,000 $561,949
    $4k-5k 44 $19,440,000 $441,818

    Ulster Savings Bank's average total fees were $5,164, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 271 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 298 $104,500,000 $350,671
    4-5% 216 $73,150,000 $338,657
    5-6% 214 $50,110,000 $234,159
    2.5-3% 71 $26,995,000 $380,211
    6-7% 48 $8,210,000 $171,042
    <2.5% 20 $4,650,000 $232,500
    7-8% 1 $155,000 $155,000

    During 2022, Ulster Savings Bank's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 298 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 329 $92,935,000 $282,477 $4,330 4.18%
    $100k-200k 181 $27,215,000 $150,359 $2,714 4.20%
    $100,000 or less 160 $7,930,000 $49,563 $312 5.07%
    $400k-600k 116 $55,270,000 $476,466 $5,576 4.08%
    $600k-1MM 53 $39,725,000 $749,528 $7,920 4.04%
    $1MM+ 29 $44,695,000 $1,541,207 $13,621 4.09%

    2022 saw Ulster Savings Bank place emphasis on $200k-400k loans with 329 originations, totaling $92,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 178 $57,880,000 $325,169 $3,887 4.24%
    $100k-150k 171 $40,555,000 $237,164 $3,618 4.38%
    $250k+ 154 $88,620,000 $575,455 $6,234 4.03%
    $50k-75k 141 $21,345,000 $151,383 $2,455 4.38%
    $75k-100k 135 $24,995,000 $185,148 $3,087 4.45%
    $50k or less 44 $5,300,000 $120,455 $2,537 4.41%

    Ulster Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 178 originations. The second most popular income band? $100k-150k, with 171 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 194 $54,920,000 $283,093 $3,790 4.20%
    30-36% 173 $52,805,000 $305,231 $3,997 4.38%
    <20% 73 $24,795,000 $339,658 $4,040 3.99%
    42% 60 $14,230,000 $237,167 $2,833 4.64%
    41% 44 $10,740,000 $244,091 $3,614 4.49%
    40% 42 $9,240,000 $220,000 $3,060 4.36%
    44% 36 $9,390,000 $260,833 $4,669 4.18%
    36% 34 $13,510,000 $397,353 $5,084 4.37%
    39% 33 $8,545,000 $258,939 $3,226 4.48%
    43% 31 $11,275,000 $363,710 $4,440 4.27%
    37% 30 $10,120,000 $337,333 $3,702 4.13%
    38% 27 $8,135,000 $301,296 $2,826 4.21%
    46% 13 $3,245,000 $249,615 $4,523 4.60%
    45% 11 $2,515,000 $228,636 $3,146 3.90%
    49% 8 $1,880,000 $235,000 $3,767 3.94%
    47% 7 $1,735,000 $247,857 $4,432 4.41%
    48% 6 $1,450,000 $241,667 $3,924 4.69%

    Ulster Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 194 originations. The next most common DTI ratio? 30-36%, with 173 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 712 $202,690,000 $284,677 $3,802 4.29%
    Not applicable 43 $28,215,000 $656,163 $0 4.88%
    Not provided 52 $15,410,000 $296,346 $3,956 4.27%
    Asian 30 $13,850,000 $461,667 $4,518 4.17%
    Black 29 $7,235,000 $249,483 $3,065 4.63%
    American Indian 2 $370,000 $185,000 $3,186 4.31%

    Approval Rates

    Total approvals of all applications
    92.08%

    Ulster Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.33%

    Ulster Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 868 $267,770,000 $308,491

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    868 $267,770,000 $308,491

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 93 $15,915,000 $171,129 $1,777 4.47%
    40-60% 138 $39,990,000 $289,783 $3,471 3.89%
    60-80% 285 $123,865,000 $434,614 $5,542 4.19%
    80-100% 208 $78,880,000 $379,231 $5,331 4.22%
    Over 100% 1 $245,000 $245,000 $6,844 5.88%
    Under 20% 143 $8,875,000 $62,063 $380 5.07%