Lynx Mortgage Bank Rates, Fees & Info

WESTBURY, NY

LEI: 549300A7YGYUVVWJ2M57

Tax ID: 32-0117926

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
  • Complaints
  • 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

    Lynx Mortgage Bank is a smaller bank specializing in Refi and Home Purchase loans. Lynx Mortgage Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Poughkeepsie, Kingston, Albany, and Syracuse among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lynx Mortgage 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. Lynx Mortgage 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.51% 11/17/24
    30 Year Conventional Refi 6.59% 11/17/24
    30 Year FHA Purchase 7.16% 11/17/24
    30 Year FHA Refi 7.02% 11/17/24
    15 Year Conventional Purchase 5.97% 11/17/24
    15 Year Conventional Refi 6.06% 11/17/24
    15 Year Cash-out Refi 6.06% 11/17/24
    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.

    Lynx Mortgage Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Lynx Mortgage 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

    442

    Origination Dollar Volume (All Markets)

    $177,720,000

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 435 $176,205,000 $405,069 $4,964 3.18%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $715,000 $238,333 $5,874 2.58%
    KINGSTON, NY (FHA|USDA|VA) 2 $340,000 $170,000 $3,461 3.00%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $335,000 $335,000 $3,468 2.50%
    SYRACUSE, NY (FHA|USDA|VA) 1 $125,000 $125,000 $3,754 4.50%
    Lynx Mortgage Bank's top markets include New York, Poughkeepsie, Kingston, Albany, and Syracuse among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against LYNX MORTGAGE BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 668
    TEG Federal Credit Union
    Similarity Rank: 715
    Hanover Community Bank
    Similarity Rank: 727
    Roselle Bank
    Similarity Rank: 796
    Poli Mortgage Group, Inc.
    Similarity Rank: 1012
    Schuyler Savings Bank
    Similarity Rank: 1083

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 401 $161,635,000 $403,080 $4,464 3.18%
    FHA 28 $12,380,000 $442,143 $11,836 3.15%
    HELOC 13 $3,705,000 $285,000 n/a 2.96%

    For 2020, Lynx Mortgage Bank's most frequently originated type of loan was Conventional, with 401 originations. Their 2nd most popular type was FHA, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 244 $96,010,000 $393,484 $4,546 3.17%
    Home Purchase 197 $81,225,000 $412,310 $5,436 3.18%
    Cash Out Refi 1 $485,000 $485,000 $4,083 2.75%

    For 2020, Lynx Mortgage Bank's most frequently cited loan purpose was Refi, with 244 originations. The 2nd most popular reason was Home Purchase, with 197 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 387 $158,355,000 $409,186 $5,060 3.23%
    15 Year 33 $10,945,000 $331,667 $4,278 2.73%
    20 Year 17 $6,205,000 $365,000 $4,037 2.94%
    Other 5 $2,215,000 $443,000 $4,477 2.80%

    For 2020, Lynx Mortgage Bank's most frequently cited loan duration was 30 Year, with 387 originations. The 2nd most popular length was 15 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 338 $137,320,000 $406,272
    $<1k 62 $24,050,000 $387,903
    $2k-3k 16 $6,220,000 $388,750
    $5k+ 9 $4,635,000 $515,000
    $4k-5k 3 $1,265,000 $421,667
    $3k-4k 1 $525,000 $525,000

    Lynx Mortgage Bank's average total fees were $5,060, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 338 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 199 $78,275,000 $393,342
    3-4% 185 $78,275,000 $423,108
    <2.5% 35 $13,265,000 $379,000
    4-5% 16 $6,640,000 $415,000
    5-6% 4 $610,000 $152,500
    6-7% 3 $655,000 $218,333

    During 2020, Lynx Mortgage Bank's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 2.5-3%, with 199 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 182 $57,460,000 $315,714 $4,400 3.11%
    $400k-600k 181 $85,925,000 $474,724 $5,195 3.16%
    $600k-1MM 41 $28,845,000 $703,537 $7,292 3.36%
    $100k-200k 33 $5,185,000 $157,121 $3,640 3.10%
    $100,000 or less 5 $305,000 $61,000 $2,839 4.87%

    2020 saw Lynx Mortgage Bank place emphasis on $200k-400k loans with 182 originations, totaling $57,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 145 $61,005,000 $420,724 $5,408 3.11%
    $150k-250k 128 $56,950,000 $444,922 $4,772 3.24%
    $75k-100k 79 $25,035,000 $316,899 $4,694 3.02%
    $250k+ 54 $25,300,000 $468,519 $4,602 3.36%
    $50k-75k 29 $7,105,000 $245,000 $4,430 3.14%
    $50k or less 7 $2,325,000 $332,143 $6,173 3.74%

    Lynx Mortgage Bank lent most frequently to those with incomes in the $100k-150k range, with 145 originations. The second most popular income band? $150k-250k, with 128 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 79 $30,785,000 $389,684 $4,335 3.11%
    20-30% 63 $24,325,000 $386,111 $4,342 3.01%
    <20% 30 $9,400,000 $313,333 $4,184 3.22%
    39% 28 $13,070,000 $466,786 $4,767 3.15%
    38% 23 $10,895,000 $473,696 $4,394 3.32%
    41% 22 $9,840,000 $447,273 $4,662 3.03%
    42% 21 $8,595,000 $409,286 $4,717 3.18%
    44% 21 $8,605,000 $409,762 $6,031 3.15%
    45% 21 $9,075,000 $432,143 $5,638 3.36%
    43% 20 $7,440,000 $372,000 $4,260 3.42%
    36% 16 $5,840,000 $365,000 $4,420 3.04%
    37% 16 $5,360,000 $335,000 $4,740 3.08%
    40% 14 $5,660,000 $404,286 $5,834 3.15%
    49% 14 $5,600,000 $400,000 $5,978 3.18%
    46% 13 $5,465,000 $420,385 $4,829 3.48%
    47% 11 $4,895,000 $445,000 $7,155 3.11%
    50-60% 9 $4,085,000 $453,889 $10,998 3.14%
    48% 9 $4,475,000 $497,222 $6,027 3.21%

    Lynx Mortgage Bank lent most frequently to those with DTI ratios of 30-36%, with 79 originations. The next most common DTI ratio? 20-30%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 350 $138,220,000 $394,914 $4,707 3.18%
    Asian 48 $21,520,000 $448,333 $5,256 3.10%
    Black 30 $12,180,000 $406,000 $6,592 3.32%
    Not provided 13 $5,535,000 $425,769 $6,868 2.87%
    Not applicable 1 $265,000 $265,000 $0 5.49%

    Approval Rates

    Total approvals of all applications
    96.88%

    Lynx Mortgage Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.37%

    Lynx Mortgage Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1059.07 1 $85,000 $85,000
    1799.0 1 $55,000 $55,000
    2772.0 1 $255,000 $255,000
    816.0 1 $35,000 $35,000
    845.0 2 $620,000 $310,000
    NA 436 $176,670,000 $405,206

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 442 $177,720,000 $402,081

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $7,860,000 $231,176 $4,045 3.31%
    40-60% 87 $32,545,000 $374,080 $4,230 2.99%
    60-80% 202 $87,280,000 $432,079 $4,541 3.17%
    80-100% 112 $48,860,000 $436,250 $6,488 3.17%
    Under 20% 7 $1,175,000 $167,857 $4,583 5.12%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    LYONS MORTGAGE SERVICES, INC. Conventional home mortgage Closing on a mortgage 1 100.0%