The Bank Of Greene County Mortgage Rates, Fees & Info

Catskill, NY

LEI: 549300G0QSZVT1E3RS89

Tax ID: 14-0553610

5 stars - Updated: 12/4/24 - out of 5 stars, based on 15 reviews

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

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Mortgage Data

Review & Overview

The Bank Of Greene County is a smaller bank specializing in Home Purchase loans. The Bank Of Greene County has a high proportion of conventional loans. Their top markets by origination volume include: Hudson, Albany, Kingston, Poughkeepsie, and New York among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Bank Of Greene County 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. The Bank Of Greene County is typically an average 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.08% 12/4/24
30 Year Conventional Refi 6.16% 12/4/24
15 Year Conventional Purchase 6.12% 12/4/24
15 Year Conventional Refi 6.01% 12/4/24
15 Year Cash-out Refi 6.01% 12/4/24
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.

The Bank Of Greene County Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Bank Of Greene County. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

228

Origination Dollar Volume (All Markets)

$60,580,000

Relative Rate

The Bank Of Greene County's average 30 year fixed mortgage rate was 6.56%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.08%.

Relative Fees (Closing Costs)

The Bank Of Greene County's average total fees/closing costs for a 30 year fixed rate mortgage were $6,371.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Hudson, NY (FHA|USDA|VA) 68 $22,040,000 $324,118 $4,802 6.64%
Outside of Metro Areas 94 $16,700,000 $177,660 $2,202 6.67%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 31 $12,045,000 $388,548 $2,911 6.61%
KINGSTON, NY (FHA|USDA|VA) 22 $5,390,000 $245,000 $3,472 6.53%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 5 $1,625,000 $325,000 $1,779 6.76%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $1,135,000 $1,135,000 $0 6.74%
SPRINGFIELD, MA (FHA|USDA|VA) 6 $1,030,000 $171,667 $0 6.58%
UTICA-ROME, NY (FHA|USDA|VA) 1 $615,000 $615,000 $0 6.25%
The Bank Of Greene County's top markets include Hudson, Albany, Kingston, Poughkeepsie, and New York among others.

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

    We use machine learning to identify the top lenders compared against The Bank of Greene County based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GREYLOCK
    Similarity Rank: 80
    The Bank of Greene County
    Similarity Rank: 96
    SEFCU SERVICES, LLC
    Similarity Rank: 112
    HOMESTEAD FUNDING CORP.
    Similarity Rank: 1850
    KeyBank
    Similarity Rank: 2664
    JPMorgan Chase Bank
    Similarity Rank: 8320
    GUARANTEED RATE, INC.
    Similarity Rank: 8492
    QUICKEN LOANS, LLC
    Similarity Rank: 17632

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 228 $60,580,000 $265,702 $3,234 6.64%

    For 2023, The Bank Of Greene County'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 103 $37,915,000 $368,107 $5,887 6.58%
    Home Improvement 63 $8,425,000 $133,730 $1,187 6.76%
    Refi 39 $12,055,000 $309,103 $3,007 6.51%
    Other 23 $2,185,000 $95,000 $848 6.82%

    For 2023, The Bank Of Greene County's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Home Improvement, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 58 $5,970,000 $102,931 $867 6.91%
    10 Year 54 $11,000,000 $203,704 $1,124 6.56%
    30 Year 41 $17,565,000 $428,415 $6,371 6.56%
    20 Year 24 $7,510,000 $312,917 $2,934 6.75%
    30+ year 24 $11,810,000 $492,083 $8,950 6.49%
    5 Year 15 $2,705,000 $180,333 $535 6.39%
    Other 12 $4,020,000 $335,000 $6,490 6.37%

    For 2023, The Bank Of Greene County's most frequently cited loan duration was 15 Year, with 58 originations. The 2nd most popular length was 10 Year, with 54 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 91 $6,305,000 $69,286
    $1k-2k 38 $6,670,000 $175,526
    $5k+ 28 $18,710,000 $668,214
    $2k-3k 13 $3,615,000 $278,077
    $3k-4k 10 $3,420,000 $342,000
    $4k-5k 5 $2,005,000 $401,000

    The Bank Of Greene County's average total fees were $6,371, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 91 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 164 $44,490,000 $271,280
    7-8% 39 $5,975,000 $153,205
    5-6% 20 $9,890,000 $494,500
    Over 8% 5 $225,000 $45,000

    During 2023, The Bank Of Greene County's average interest rate for loans was 6.56%, while their most frequently originated rate bucket for loans was 6-7%, with 164 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 76 $4,170,000 $54,868 $685 6.80%
    $200k-400k 59 $16,075,000 $272,458 $4,474 6.56%
    $100k-200k 49 $6,715,000 $137,041 $1,576 6.70%
    $600k-1MM 19 $13,715,000 $721,842 $10,974 6.32%
    $400k-600k 16 $7,250,000 $453,125 $7,828 6.51%
    $1MM+ 9 $12,655,000 $1,406,111 $15,297 6.34%

    2023 saw The Bank Of Greene County place emphasis on $100,000 or less loans with 76 originations, totaling $4,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 43 $10,905,000 $253,605 $3,551 6.53%
    $100k-150k 42 $7,140,000 $170,000 $2,625 6.70%
    $250k+ 39 $20,305,000 $520,641 $7,905 6.50%
    $50k-75k 31 $2,585,000 $83,387 $940 6.61%
    $75k-100k 31 $4,095,000 $132,097 $2,053 6.86%
    $50k or less 7 $315,000 $45,000 $635 6.94%

    The Bank Of Greene County lent most frequently to those with incomes in the $150k-250k range, with 43 originations. The second most popular income band? $100k-150k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 54 $14,870,000 $275,370 $4,221 6.65%
    30-36% 42 $7,410,000 $176,429 $2,558 6.56%
    42% 25 $6,915,000 $276,600 $2,748 6.51%
    <20% 20 $4,160,000 $208,000 $3,333 6.71%
    40% 14 $3,320,000 $237,143 $3,041 6.66%
    41% 10 $1,640,000 $164,000 $1,183 6.93%
    39% 9 $3,335,000 $370,556 $5,681 6.65%
    37% 9 $1,385,000 $153,889 $2,296 6.60%
    36% 9 $2,635,000 $292,778 $3,937 6.52%
    38% 8 $960,000 $120,000 $2,071 6.92%
    50-60% 1 $225,000 $225,000 $3,018 6.24%

    The Bank Of Greene County lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? 30-36%, with 42 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 182 $40,370,000 $221,813 $2,983 6.66%
    Not applicable 27 $13,725,000 $508,333 $0 6.66%
    Not provided 11 $3,345,000 $304,091 $5,429 6.37%
    Asian 4 $1,650,000 $412,500 $6,563 6.20%
    Black 3 $1,365,000 $455,000 $7,476 6.64%
    American Indian 1 $125,000 $125,000 $689 7.75%

    Approval Rates

    Total approvals of all applications
    84.62%

    The Bank Of Greene County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.44%

    The Bank Of Greene County has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 228 $60,580,000 $265,702

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    228 $60,580,000 $265,702

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $5,230,000 $145,278 $1,599 6.58%
    40-60% 47 $17,465,000 $371,596 $4,250 6.53%
    60-80% 67 $29,095,000 $434,254 $6,426 6.57%
    80-100% 15 $5,075,000 $338,333 $5,799 6.65%
    Under 20% 63 $3,715,000 $58,968 $598 6.83%