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 Purchase and Refi loans. Finger Lakes has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Seneca Falls, Ithaca, and Auburn 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 an average pick rate when compared to similar lenders.
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Originations
67Origination Dollar Volume (All Markets)
$5,195,000Top 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) | 43 | $3,435,000 | $79,884 | $0 | 0.00% |
| Seneca Falls, NY (FHA|USDA|VA) | 21 | $1,225,000 | $58,333 | $0 | 0.00% |
| ITHACA, NY (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| Auburn, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $5,195,000 | $77,537 | $0 | 0.00% |
For 2018, Finger Lakes's most frequently originated type of loan was Conventional, with 67 originations.
Loan Reason
For 2018, Finger Lakes's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 67 | $5,195,000 | $77,537 | $0 | 0.00% |
For 2018, Finger Lakes's most frequently cited loan duration was Other, with 67 originations.
Loan Sizing
2018 saw Finger Lakes place emphasis on $100,000 or less loans with 49 originations, totaling $2,365,000 in origination value.
Applicant Income
Finger Lakes lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $50k or less, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 67 | $5,195,000 | $77,537 | $0 | 0.00% |
Finger Lakes lent most frequently to those with DTI ratios of Exempt%, with 67 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 66 | $5,110,000 | $77,424 | $0 | 0.00% |
| Black | 1 | $85,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications76.84%
Finger Lakes has a below average approval rate.
Pick Rate
Approvals leading to origination91.04%
Finger Lakes has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 67 | $5,195,000 | $77,537 |