Lake Shore Savings Bank Mortgage Rates, Fees & Info
Dunkirk, NYLEI: 549300FEBB5EMDXTC518
Tax ID: 16-0516470
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Lake Shore Savings Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Lake Shore Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Buffalo, Jamestown, Olean, Rochester, and Batavia among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Lake Shore Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
484Origination Dollar Volume (All Markets)
$83,270,000Top 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 |
|---|---|---|---|---|---|
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 213 | $49,405,000 | $231,948 | $0 | 0.00% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 246 | $29,500,000 | $119,919 | $0 | 0.00% |
| Olean, NY (FHA|USDA|VA) | 14 | $2,440,000 | $174,286 | $0 | 0.00% |
| ROCHESTER, NY (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $0 | 0.00% |
| Batavia, NY (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Corning, NY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 484 | $83,270,000 | $172,045 | $0 | 0.00% |
For 2022, Lake Shore Savings Bank's most frequently originated type of loan was Conventional, with 484 originations.
Loan Reason
For 2022, Lake Shore Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 226 originations. The 2nd most popular reason was Home Purchase, with 181 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 484 | $83,270,000 | $172,045 | $0 | 0.00% |
For 2022, Lake Shore Savings Bank's most frequently cited loan duration was Other, with 484 originations.
Loan Sizing
2022 saw Lake Shore Savings Bank place emphasis on $100,000 or less loans with 201 originations, totaling $11,875,000 in origination value.
Applicant Income
Lake Shore Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $50k or less, with 84 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 484 | $83,270,000 | $172,045 | $0 | 0.00% |
Lake Shore Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 484 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.04%
Lake Shore Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination82.44%
Lake Shore Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 484 | $83,270,000 | $172,045 |