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 loans. Finger Lakes has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Seneca Falls, Auburn, and Corning among others. We have data for 5 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
159Origination Dollar Volume (All Markets)
$20,745,000Top 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) | 123 | $16,755,000 | $136,220 | $0 | 0.00% |
| Seneca Falls, NY (FHA|USDA|VA) | 30 | $2,940,000 | $98,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $705,000 | $235,000 | $0 | 0.00% |
| Auburn, NY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
| Corning, NY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 159 | $20,745,000 | $130,472 | $0 | 0.00% |
For 2020, Finger Lakes's most frequently originated type of loan was Conventional, with 159 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 107 | $14,575,000 | $136,215 | $0 | 0.00% |
| Home Improvement | 32 | $2,660,000 | $83,125 | $0 | 0.00% |
| Home Purchase | 20 | $3,510,000 | $175,500 | $0 | 0.00% |
For 2020, Finger Lakes's most frequently cited loan purpose was Refi, with 107 originations. The 2nd most popular reason was Home Improvement, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 159 | $20,745,000 | $130,472 | $0 | 0.00% |
For 2020, Finger Lakes's most frequently cited loan duration was Other, with 159 originations.
Loan Sizing
2020 saw Finger Lakes place emphasis on $100,000 or less loans with 67 originations, totaling $3,605,000 in origination value.
Applicant Income
Finger Lakes lent most frequently to those with incomes in the $50k-75k range, with 46 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 |
|---|---|---|---|---|---|
| Exempt% | 159 | $20,745,000 | $130,472 | $0 | 0.00% |
Finger Lakes lent most frequently to those with DTI ratios of Exempt%, with 159 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 155 | $20,015,000 | $129,129 | $0 | 0.00% |
| Black | 3 | $525,000 | $175,000 | $0 | 0.00% |
| Asian | 1 | $205,000 | $205,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications86.02%
Finger Lakes has an average approval rate.
Pick Rate
Approvals leading to origination72.33%
Finger Lakes has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 159 | $20,745,000 | $130,472 |