Rhinebeck Bank Mortgage Rates, Fees & Info

Rhinebeck, NY

LEI: 549300G4F3X6FTMZP579

Tax ID: 14-1002430

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Rhinebeck Bank is a smaller bank specializing in Home Purchase loans. Rhinebeck Bank has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, Albany, Hudson, and New York among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rhinebeck 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. Rhinebeck 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.

    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 6.37% 4/21/24
    30 Year Conventional Refi 6.50% 4/21/24
    30 Year Cash-out Refi 6.56% 4/21/24
    15 Year Conventional Purchase 5.56% 4/21/24
    15 Year Conventional Refi 5.83% 4/21/24
    15 Year Cash-out Refi 5.83% 4/21/24
    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.

    Rhinebeck Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Rhinebeck Bank. 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

    151

    Origination Dollar Volume (All Markets)

    $67,405,000

    Awards

    Rhinebeck Bank 30 Year Conventional Loans gold
    Show all (1) awards

    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
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 106 $49,160,000 $463,774 $4,572 4.59%
    KINGSTON, NY (FHA|USDA|VA) 27 $7,375,000 $273,148 $4,959 4.80%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $5,785,000 $1,928,333 $0 6.75%
    Outside of Metro Areas 8 $2,540,000 $317,500 $4,031 5.08%
    Hudson, NY (FHA|USDA|VA) 3 $1,245,000 $415,000 $4,025 5.33%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $1,045,000 $348,333 $3,178 4.71%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $255,000 $255,000 $3,707 5.25%
    Rhinebeck Bank's top markets include Poughkeepsie, Kingston, Albany, Hudson, and New York among others.

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

    • Similar Lenders

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

    CCFCU FUNDING, LLC
    Similarity Rank: 168
    Walden Savings Bank
    Similarity Rank: 231
    Municipal Credit Union
    Similarity Rank: 234
    Ulster Savings Bank
    Similarity Rank: 315
    SEFCU SERVICES, LLC
    Similarity Rank: 546
    Tompkins Trust Company
    Similarity Rank: 576
    Rhinebeck Bank
    Similarity Rank: 616
    MID-HUDSON VALLEY
    Similarity Rank: 624
    TEG Federal Credit Union
    Similarity Rank: 693
    HUDSON VALLEY CREDIT UNION
    Similarity Rank: 1470

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 151 $67,405,000 $446,391 $4,551 4.72%

    For 2022, Rhinebeck Bank's most frequently originated type of loan was Conventional, with 151 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 93 $46,995,000 $505,323 $4,728 5.00%
    Refi 21 $9,195,000 $437,857 $3,784 4.04%
    Cash Out Refi 21 $5,965,000 $284,048 $4,623 4.54%
    Other 16 $5,250,000 $328,125 $4,490 4.22%

    For 2022, Rhinebeck Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 105 $33,515,000 $319,190 $4,649 4.94%
    15 Year 26 $7,440,000 $286,154 $4,039 3.51%
    Other 7 $16,335,000 $2,333,571 $0 6.18%
    10 Year 6 $7,770,000 $1,295,000 $4,611 4.36%
    20 Year 6 $1,990,000 $331,667 $4,982 4.67%
    30+ year 1 $355,000 $355,000 $7,389 5.50%

    For 2022, Rhinebeck Bank's most frequently cited loan duration was 30 Year, with 105 originations. The 2nd most popular length was 15 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 80 $25,760,000 $322,000
    $1k-2k 10 $2,170,000 $217,000
    $2k-3k 10 $3,330,000 $333,000
    $3k-4k 10 $3,370,000 $337,000
    $5k+ 8 $3,220,000 $402,500
    $4k-5k 5 $1,895,000 $379,000

    Rhinebeck Bank's average total fees were $4,649, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 80 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 54 $29,560,000 $547,407
    4-5% 43 $16,525,000 $384,302
    3-4% 22 $8,730,000 $396,818
    6-7% 13 $4,235,000 $325,769
    2.5-3% 11 $3,145,000 $285,909
    <2.5% 6 $1,180,000 $196,667
    7-8% 1 $155,000 $155,000
    Over 8% 1 $3,875,000 $3,875,000

    During 2022, Rhinebeck Bank's average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 5-6%, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 79 $22,555,000 $285,506 $4,158 4.74%
    $100k-200k 27 $4,255,000 $157,593 $3,770 4.36%
    $400k-600k 25 $11,915,000 $476,600 $6,031 4.91%
    $600k-1MM 9 $6,315,000 $701,667 $6,360 4.76%
    $1MM+ 7 $22,005,000 $3,143,571 $0 5.47%
    $100,000 or less 4 $360,000 $90,000 $2,970 4.16%

    2022 saw Rhinebeck Bank place emphasis on $200k-400k loans with 79 originations, totaling $22,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 42 $11,820,000 $281,429 $4,241 4.57%
    $150k-250k 37 $14,175,000 $383,108 $5,065 4.63%
    $75k-100k 22 $5,330,000 $242,273 $4,684 4.26%
    $250k+ 18 $7,980,000 $443,333 $5,143 4.84%
    $50k-75k 14 $2,870,000 $205,000 $3,473 4.52%
    $50k or less 5 $785,000 $157,000 $4,480 5.50%

    Rhinebeck Bank lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $150k-250k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 34 $10,560,000 $310,588 $4,691 4.49%
    20-30% 30 $10,150,000 $338,333 $4,360 4.27%
    <20% 16 $4,230,000 $264,375 $4,245 4.89%
    42% 9 $2,575,000 $286,111 $4,240 4.51%
    44% 8 $2,530,000 $316,250 $5,372 5.38%
    45% 6 $1,420,000 $236,667 $3,580 3.77%
    38% 6 $1,670,000 $278,333 $5,440 4.94%
    40% 6 $2,870,000 $478,333 $3,914 4.77%
    46% 5 $1,825,000 $365,000 $6,995 4.45%
    41% 4 $1,150,000 $287,500 $3,839 5.19%
    39% 4 $1,380,000 $345,000 $6,344 4.78%
    37% 3 $705,000 $235,000 $3,410 4.04%
    43% 2 $480,000 $240,000 $3,938 5.81%
    47% 2 $750,000 $375,000 $6,568 5.63%
    36% 1 $245,000 $245,000 $3,828 5.00%
    49% 1 $215,000 $215,000 $3,164 4.75%
    >60% 1 $205,000 $205,000 $3,625 4.38%

    Rhinebeck Bank lent most frequently to those with DTI ratios of 30-36%, with 34 originations. The next most common DTI ratio? 20-30%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 102 $32,970,000 $323,235 $4,535 4.62%
    Not applicable 13 $24,445,000 $1,880,385 $0 5.98%
    Not provided 31 $8,675,000 $279,839 $4,537 4.37%
    Black 4 $1,160,000 $290,000 $5,720 5.78%
    Asian 1 $155,000 $155,000 $2,859 4.63%

    Approval Rates

    Total approvals of all applications
    93.72%

    Rhinebeck Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.46%

    Rhinebeck Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 151 $67,405,000 $446,391

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    151 $67,405,000 $446,391

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 17 $4,935,000 $290,294 $3,960 4.00%
    40-60% 22 $10,350,000 $470,455 $4,145 4.51%
    60-80% 55 $31,985,000 $581,545 $4,387 4.98%
    80-100% 56 $19,970,000 $356,607 $5,001 4.80%
    Under 20% 1 $165,000 $165,000 $3,236 2.38%