Finger Lakes Mortgage Rates, Fees & Info
Geneva, NYLEI: 549300GCNN38YBSHN374
Tax ID: 23-7029725
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Mortgage Data
Review & Overview
Finger Lakes is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Finger Lakes has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Seneca Falls, Auburn, and Ithaca among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Finger Lakes 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.
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Originations
80Origination Dollar Volume (All Markets)
$6,810,000Top 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 |
|---|---|---|---|---|---|
| ROCHESTER, NY (FHA|USDA|VA) | 63 | $5,615,000 | $89,127 | $0 | 0.00% |
| Seneca Falls, NY (FHA|USDA|VA) | 14 | $890,000 | $63,571 | $0 | 0.00% |
| Auburn, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| ITHACA, NY (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $6,810,000 | $85,125 | $0 | 0.00% |
For 2023, Finger Lakes's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
For 2023, Finger Lakes's most frequently cited loan purpose was Home Improvement, with 39 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $6,810,000 | $85,125 | $0 | 0.00% |
For 2023, Finger Lakes's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2023 saw Finger Lakes place emphasis on $100,000 or less loans with 59 originations, totaling $3,145,000 in origination value.
Applicant Income
Finger Lakes lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $6,810,000 | $85,125 | $0 | 0.00% |
Finger Lakes lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 80 | $6,810,000 | $85,125 | $0 | 0.00% |
Approval Rates
Total approvals of all applications80.51%
Finger Lakes has a below average approval rate.
Pick Rate
Approvals leading to origination81.25%
Finger Lakes has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 80 | $6,810,000 | $85,125 |