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
  • 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 Home Purchase and Refi 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, Binghamton, Poughkeepsie, and Albany 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% 4/21/24
    30 Year Conventional Refi 6.59% 4/21/24
    30 Year FHA Purchase 7.16% 4/21/24
    30 Year FHA Refi 7.02% 4/21/24
    15 Year Conventional Purchase 5.97% 4/21/24
    15 Year Conventional Refi 6.06% 4/21/24
    15 Year Cash-out Refi 6.06% 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.

    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

    268

    Origination Dollar Volume (All Markets)

    $120,630,000

    Awards

    LYNX MORTGAGE BANK FHA Loans silver LYNX MORTGAGE BANK FHA Loans gold
    Show all (2) 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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 261 $119,415,000 $457,529 $7,389 4.74%
    Outside of Metro Areas 2 $500,000 $250,000 $7,784 6.38%
    BINGHAMTON, NY (FHA|USDA|VA) 3 $315,000 $105,000 $4,394 6.38%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $295,000 $295,000 $5,010 5.25%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $105,000 $105,000 $4,809 5.50%
    Lynx Mortgage Bank's top markets include New York, Binghamton, Poughkeepsie, and Albany 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.

    RSI BANK
    Similarity Rank: 30
    Schuyler Savings Bank
    Similarity Rank: 51
    North Jersey Federal Credit Union
    Similarity Rank: 124
    The First National Bank of Long Island
    Similarity Rank: 142
    N C P D Federal Credit Union
    Similarity Rank: 201
    Nassau Educators Federal Credit Union
    Similarity Rank: 481
    American Broadcast Employees Federal Credit Union
    Similarity Rank: 540
    Ridgewood Savings Bank
    Similarity Rank: 644
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 664
    Bogota Savings Bank
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 245 $107,865,000 $440,265 $6,427 4.82%
    FHA 23 $12,765,000 $555,000 $16,973 4.28%

    For 2022, Lynx Mortgage Bank's most frequently originated type of loan was Conventional, with 245 originations. Their 2nd most popular type was FHA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 200 $92,040,000 $460,200 $7,747 4.84%
    Refi 68 $28,590,000 $420,441 $6,127 4.57%

    For 2022, Lynx Mortgage Bank's most frequently cited loan purpose was Home Purchase, with 200 originations. The 2nd most popular reason was Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 244 $111,310,000 $456,189 $7,566 4.85%
    15 Year 10 $3,880,000 $388,000 $4,619 3.61%
    20 Year 9 $3,995,000 $443,889 $4,985 3.94%
    Other 5 $1,445,000 $289,000 $6,040 4.95%

    For 2022, Lynx Mortgage Bank's most frequently cited loan duration was 30 Year, with 244 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 165 $75,025,000 $454,697
    $5k+ 44 $22,460,000 $510,455
    $3k-4k 22 $8,180,000 $371,818
    $2k-3k 14 $3,970,000 $283,571
    $4k-5k 13 $5,835,000 $448,846
    $<1k 10 $5,160,000 $516,000

    Lynx Mortgage Bank's average total fees were $7,566, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 165 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 80 $36,520,000 $456,500
    5-6% 67 $30,855,000 $460,522
    4-5% 56 $25,850,000 $461,607
    6-7% 41 $17,455,000 $425,732
    2.5-3% 15 $6,705,000 $447,000
    7-8% 7 $2,635,000 $376,429
    <2.5% 2 $610,000 $305,000

    During 2022, Lynx Mortgage Bank's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 3-4%, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 114 $56,180,000 $492,807 $7,846 4.75%
    $200k-400k 79 $23,595,000 $298,671 $5,656 4.75%
    $600k-1MM 52 $36,460,000 $701,154 $9,807 4.76%
    $100k-200k 17 $2,505,000 $147,353 $4,871 4.88%
    $100,000 or less 5 $445,000 $89,000 $4,004 5.38%
    $1MM+ 1 $1,445,000 $1,445,000 $10,018 5.50%

    2022 saw Lynx Mortgage Bank place emphasis on $400k-600k loans with 114 originations, totaling $56,180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 96 $43,300,000 $451,042 $8,053 4.59%
    $150k-250k 78 $40,780,000 $522,821 $8,217 4.93%
    $250k+ 36 $20,160,000 $560,000 $6,458 4.81%
    $75k-100k 33 $10,495,000 $318,030 $5,441 4.71%
    $50k-75k 17 $3,655,000 $215,000 $5,202 5.21%
    $50k or less 6 $1,250,000 $208,333 $6,678 4.52%

    Lynx Mortgage Bank lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $150k-250k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 46 $18,500,000 $402,174 $6,873 4.82%
    20-30% 43 $19,235,000 $447,326 $6,481 4.36%
    46% 17 $6,395,000 $376,176 $6,321 5.17%
    45% 16 $6,940,000 $433,750 $7,919 5.04%
    49% 15 $7,295,000 $486,333 $8,784 4.24%
    41% 13 $5,905,000 $454,231 $6,158 4.96%
    42% 13 $6,935,000 $533,462 $7,772 4.96%
    38% 12 $5,720,000 $476,667 $6,474 4.73%
    48% 11 $5,855,000 $532,273 $7,874 5.22%
    37% 11 $4,835,000 $439,545 $6,199 4.27%
    50-60% 10 $5,060,000 $506,000 $13,205 4.90%
    40% 10 $4,780,000 $478,000 $11,142 4.95%
    <20% 9 $4,215,000 $468,333 $6,179 5.04%
    39% 9 $4,195,000 $466,111 $7,052 4.18%
    47% 9 $3,065,000 $340,556 $6,076 5.39%
    44% 8 $3,870,000 $483,750 $8,384 4.77%
    43% 7 $3,675,000 $525,000 $5,945 5.45%
    36% 5 $2,425,000 $485,000 $6,573 4.37%
    >60% 1 $285,000 $285,000 $9,780 3.50%

    Lynx Mortgage Bank lent most frequently to those with DTI ratios of 30-36%, with 46 originations. The next most common DTI ratio? 20-30%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 190 $85,150,000 $448,158 $7,185 4.83%
    Asian 47 $21,665,000 $460,957 $7,602 4.70%
    Black 25 $10,805,000 $432,200 $8,230 4.33%
    Not provided 5 $2,325,000 $465,000 $6,637 5.55%
    1 $685,000 $685,000 $5,665 5.50%

    Approval Rates

    Total approvals of all applications
    97.55%

    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
    83.96%

    Lynx Mortgage Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 268 $120,630,000 $450,112

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    268 $120,630,000 $450,112

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $5,165,000 $303,824 $5,674 4.66%
    40-60% 36 $13,170,000 $365,833 $5,807 4.30%
    60-80% 121 $55,945,000 $462,355 $6,793 4.90%
    80-100% 94 $46,350,000 $493,085 $8,918 4.82%