Lake Shore Savings Bank Mortgage Rates, Fees & Info

Dunkirk, NY

LEI: 549300FEBB5EMDXTC518

Tax ID: 16-0516470

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Lake Shore Savings Bank is a smaller bank specializing in Home Purchase loans. Lake Shore Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jamestown, Buffalo, Rochester, Olean, and Batavia among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lake Shore Savings 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.

    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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    Originations

    228

    Origination Dollar Volume (All Markets)

    $43,220,000

    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
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 145 $16,985,000 $117,138 $0 0.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 76 $16,230,000 $213,553 $0 0.00%
    ROCHESTER, NY (FHA|USDA|VA) 1 $8,255,000 $8,255,000 $0 0.00%
    Olean, NY (FHA|USDA|VA) 2 $850,000 $425,000 $0 0.00%
    Batavia, NY (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
    Outside of Metro Areas 2 $310,000 $155,000 $0 0.00%
    Lake Shore Savings Bank's top markets include Jamestown, Buffalo, Rochester, Olean, and Batavia among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 228 $43,220,000 $189,561 $0 0.00%

    For 2023, Lake Shore Savings Bank's most frequently originated type of loan was Conventional, with 228 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 81 $22,085,000 $272,654 $0 0.00%
    Other 58 $6,620,000 $114,138 $0 0.00%
    Refi 45 $7,055,000 $156,778 $0 0.00%
    Home Improvement 26 $2,670,000 $102,692 $0 0.00%
    Cash Out Refi 18 $4,790,000 $266,111 $0 0.00%

    For 2023, Lake Shore Savings Bank's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Other, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 228 $43,220,000 $189,561 $0 0.00%

    For 2023, Lake Shore Savings Bank's most frequently cited loan duration was Other, with 228 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 102 $6,430,000 $63,039 $0 0.00%
    $100k-200k 73 $9,735,000 $133,356 $0 0.00%
    $200k-400k 43 $11,555,000 $268,721 $0 0.00%
    $400k-600k 5 $2,315,000 $463,000 $0 0.00%
    $1MM+ 3 $11,435,000 $3,811,667 $0 0.00%
    $600k-1MM 2 $1,750,000 $875,000 $0 0.00%

    2023 saw Lake Shore Savings Bank place emphasis on $100,000 or less loans with 102 originations, totaling $6,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 48 $6,180,000 $128,750 $0 0.00%
    $50k-75k 47 $4,115,000 $87,553 $0 0.00%
    $150k-250k 37 $6,205,000 $167,703 $0 0.00%
    $75k-100k 28 $3,330,000 $118,929 $0 0.00%
    $50k or less 25 $1,845,000 $73,800 $0 0.00%
    $250k+ 11 $3,095,000 $281,364 $0 0.00%

    Lake Shore Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 48 originations. The second most popular income band? $50k-75k, with 47 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 228 $43,220,000 $189,561 $0 0.00%

    Lake Shore Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 228 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 186 $24,270,000 $130,484 $0 0.00%
    Not applicable 21 $16,295,000 $775,952 $0 0.00%
    Not provided 8 $1,480,000 $185,000 $0 0.00%
    Black 11 $875,000 $79,545 $0 0.00%
    Other Pacific Islander 1 $255,000 $255,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.79%

    Lake Shore Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.88%

    Lake Shore Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 228 $43,220,000 $189,561

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    228 $43,220,000 $189,561