Oswego County Mortgage Rates, Fees & Info
Oswego, NYLEI: 549300D6JK30QTSRHB52
Tax ID: 16-1074769
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Mortgage Data
Review & Overview
Oswego County is a smaller mortgage company specializing in Cash Out Refi and Home Improvement loans. Oswego County has a high proportion of conventional loans. Their top two markets are Syracuse and Watertown .Oswego County has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.52% | 4/28/24 |
| 30 Year Conventional Refi | 6.27% | 4/28/24 |
| 30 Year Cash-out Refi | 6.89% | 4/28/24 |
| 15 Year Conventional Purchase | 6.31% | 4/28/24 |
| 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
53Origination Dollar Volume (All Markets)
$3,545,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SYRACUSE, NY (FHA|USDA|VA) | 51 | $3,405,000 | $66,765 | $0 | 0.00% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $3,545,000 | $66,887 | $0 | 0.00% |
For 2019, Oswego County's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2019, Oswego County's most frequently cited loan purpose was Cash Out Refi, with 24 originations. The 2nd most popular reason was Home Improvement, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $3,545,000 | $66,887 | $0 | 0.00% |
For 2019, Oswego County's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2019 saw Oswego County place emphasis on $100,000 or less loans with 42 originations, totaling $1,980,000 in origination value.
Applicant Income
Oswego County lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $3,545,000 | $66,887 | $0 | 0.00% |
Oswego County lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 53 | $3,545,000 | $66,887 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.55%
Oswego County has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.34%
Oswego County has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $3,545,000 | $66,887 |