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 Refi and Home Purchase loans. Finger Lakes has a high proportion of conventional loans. Their top two markets are Rochester and Seneca Falls .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
78Origination Dollar Volume (All Markets)
$8,090,000Top 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) | 56 | $6,020,000 | $107,500 | $0 | 0.00% |
| Seneca Falls, NY (FHA|USDA|VA) | 22 | $2,070,000 | $94,091 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 78 | $8,090,000 | $103,718 | $0 | 0.00% |
For 2019, Finger Lakes's most frequently originated type of loan was Conventional, with 78 originations.
Loan Reason
For 2019, Finger Lakes's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $8,090,000 | $103,718 | $0 | 0.00% |
For 2019, Finger Lakes's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2019 saw Finger Lakes place emphasis on $100,000 or less loans with 45 originations, totaling $2,545,000 in origination value.
Applicant Income
Finger Lakes lent most frequently to those with incomes in the $75k-100k range, with 22 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $8,090,000 | $103,718 | $0 | 0.00% |
Finger Lakes lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 76 | $7,790,000 | $102,500 | $0 | 0.00% |
| Black | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Asian | 1 | $105,000 | $105,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications83.78%
Finger Lakes has a below average approval rate.
Pick Rate
Approvals leading to origination80.77%
Finger Lakes has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $8,090,000 | $103,718 |