Adirondack Bank Mortgage Rates, Fees & Info
Utica, NYLEI: 549300EZG6KIP4HOUR65
Tax ID: 15-0438700
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Mortgage Data
Review & Overview
Adirondack Bank is a smaller bank specializing in Home Purchase and Refi loans. Adirondack Bank has a high proportion of conventional loans. Their top markets by origination volume include: Utica, Malone, Syracuse, Buffalo, and Plattsburgh among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Adirondack Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Adirondack Bank is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.44% | 12/16/24 |
| 30 Year Conventional Refi | 6.34% | 12/16/24 |
| 30 Year Cash-out Refi | 6.39% | 12/16/24 |
| 15 Year Conventional Purchase | 5.70% | 12/16/24 |
| 15 Year Conventional Refi | 5.08% | 12/16/24 |
| 15 Year Cash-out Refi | 5.08% | 12/16/24 |
| 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. | ||
Adirondack Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
439Origination Dollar Volume (All Markets)
$90,525,000Top 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 |
|---|---|---|---|---|---|
| UTICA-ROME, NY (FHA|USDA|VA) | 361 | $76,525,000 | $211,981 | $1,980 | 4.31% |
| Outside of Metro Areas | 42 | $6,930,000 | $165,000 | $972 | 3.97% |
| Malone, NY (FHA|USDA|VA) | 9 | $2,225,000 | $247,222 | $1,052 | 4.47% |
| SYRACUSE, NY (FHA|USDA|VA) | 9 | $1,465,000 | $162,778 | $666 | 4.02% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $2,547 | 4.66% |
| Plattsburgh, NY (FHA|USDA|VA) | 8 | $940,000 | $117,500 | $666 | 3.83% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,308 | 5.88% |
| Gloversville, NY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,772 | 4.50% |
| Amsterdam, NY (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 3.85% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.45% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,960 | 5.63% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.35% |
Similar Lenders
We use machine learning to identify the top lenders compared against Adirondack Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 439 | $90,525,000 | $206,207 | $1,801 | 4.27% |
For 2022, Adirondack Bank's most frequently originated type of loan was Conventional, with 439 originations.
Loan Reason
For 2022, Adirondack Bank's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was Refi, with 128 originations.
Loan Duration/Length
For 2022, Adirondack Bank's most frequently cited loan duration was 30 Year, with 128 originations. The 2nd most popular length was 20 Year, with 122 originations.
Origination Fees/Closing Costs
Adirondack Bank's average total fees were $4,204, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 300 originations.
Interest Rates
During 2022, Adirondack Bank's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 3-4%, with 176 originations.
Loan Sizing
2022 saw Adirondack Bank place emphasis on $100k-200k loans with 151 originations, totaling $21,355,000 in origination value.
Applicant Income
Adirondack Bank lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $50k-75k, with 88 originations.
Applicant Debt to Income Ratio
Adirondack Bank lent most frequently to those with DTI ratios of 20-30%, with 129 originations. The next most common DTI ratio? 30-36%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.83%
Adirondack Bank has a below average approval rate.
Pick Rate
Approvals leading to origination84.74%
Adirondack Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 439 | $90,525,000 | $206,207 |