Oswego County Mortgage Rates, Fees & Info
Oswego, NYLEI: 549300D6JK30QTSRHB52
Tax ID: 16-1074769
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Oswego County is a smaller mortgage company specializing in Cash Out Refi, Home Improvement, and Refi loans. Oswego County has a high proportion of conventional loans. Their top two markets are Syracuse and Auburn .Oswego County has an above average approval rate when compared to the average across all lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.52% | 11/21/24 |
| 30 Year Conventional Refi | 6.27% | 11/21/24 |
| 30 Year Cash-out Refi | 6.89% | 11/21/24 |
| 15 Year Conventional Purchase | 6.31% | 11/21/24 |
| 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. | ||
Oswego County Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
27Origination Dollar Volume (All Markets)
$1,445,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SYRACUSE, NY (FHA|USDA|VA) | 26 | $1,390,000 | $53,462 | $0 | 0.00% |
| Auburn, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $1,445,000 | $53,519 | $0 | 0.00% |
For 2018, Oswego County's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
For 2018, Oswego County's most frequently cited loan purpose was Cash Out Refi, with 11 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $1,445,000 | $53,519 | $0 | 0.00% |
For 2018, Oswego County's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 23 | $955,000 | $41,522 | $0 | 0.00% |
| $100k-200k | 4 | $490,000 | $122,500 | $0 | 0.00% |
2018 saw Oswego County place emphasis on $100,000 or less loans with 23 originations, totaling $955,000 in origination value.
Applicant Income
Oswego County lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $1,445,000 | $53,519 | $0 | 0.00% |
Oswego County lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $1,445,000 | $53,519 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.10%
Oswego County has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $1,445,000 | $53,519 |