Oswego County Mortgage Rates, Fees & Info

Oswego, NY

LEI: 549300D6JK30QTSRHB52

Tax ID: 16-1074769

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Oswego County is a smaller mortgage company specializing in Cash Out Refi and Other loans. Oswego County has a high proportion of conventional loans. Their top (well, only) market is Syracuse.

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.

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.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.52%	5/5/24
30 Year Conventional Refi	6.27%	5/5/24
30 Year Cash-out Refi	6.89%	5/5/24
15 Year Conventional Purchase	6.31%	5/5/24
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

Origination Dollar Volume (All Markets)

$3,255,000

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
SYRACUSE, NY (FHA\|USDA\|VA)	46	$3,080,000	$66,957	$0	0.00%
Outside of Metro Areas	3	$175,000	$58,333	$0	0.00%

Oswego County's top markets include and Syracuse among others.

Their top states include:

New York (FHA|USDA|VA)

(FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	49	$3,255,000	$66,429	$0	0.00%

For 2020, Oswego County's most frequently originated type of loan was Conventional, with 49 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	19	$1,625,000	$85,526	$0	0.00%
Home Improvement	12	$540,000	$45,000	$0	0.00%
Other	11	$725,000	$65,909	$0	0.00%
Refi	6	$310,000	$51,667	$0	0.00%
Home Purchase	1	$55,000	$55,000	$0	0.00%

For 2020, Oswego County's most frequently cited loan purpose was Cash Out Refi, with 19 originations. The 2nd most popular reason was Home Improvement, with 12 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	49	$3,255,000	$66,429	$0	0.00%

For 2020, Oswego County's most frequently cited loan duration was Other, with 49 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	41	$2,115,000	$51,585	$0	0.00%
$100k-200k	7	$915,000	$130,714	$0	0.00%
$200k-400k	1	$225,000	$225,000	$0	0.00%

2020 saw Oswego County place emphasis on $100,000 or less loans with 41 originations, totaling $2,115,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	16	$920,000	$57,500	$0	0.00%
$100k-150k	10	$690,000	$69,000	$0	0.00%
$50k or less	9	$525,000	$58,333	$0	0.00%
$75k-100k	8	$660,000	$82,500	$0	0.00%
$150k-250k	5	$385,000	$77,000	$0	0.00%
$250k+	1	$75,000	$75,000	$0	0.00%

Oswego County lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $100k-150k, with 10 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	49	$3,255,000	$66,429	$0	0.00%

Oswego County lent most frequently to those with DTI ratios of Exempt%, with 49 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	44	$3,010,000	$68,409	$0	0.00%
Not applicable	2	$130,000	$65,000	$0	0.00%
Black	2	$100,000	$50,000	$0	0.00%
Not provided	1	$15,000	$15,000	$0	0.00%

Approval Rates

Total approvals of all applications
94.44%

Oswego County has an average approval rate.

Pick Rate

Approvals leading to origination
95.92%

Oswego County has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	49	$3,255,000	$66,429

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	49	$3,255,000	$66,429