Finger Lakes Mortgage Rates, Fees & Info
Geneva, NYLEI: 549300GCNN38YBSHN374
Tax ID: 23-7029725
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Syracuse, Auburn, and Ithaca among others. We have data for 6 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
144Origination Dollar Volume (All Markets)
$17,350,000Top 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) | 115 | $14,285,000 | $124,217 | $0 | 0.00% |
| Seneca Falls, NY (FHA|USDA|VA) | 21 | $1,455,000 | $69,286 | $0 | 0.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $0 | 0.00% |
| Auburn, NY (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $270,000 | $135,000 | $0 | 0.00% |
| ITHACA, 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 | 144 | $17,350,000 | $120,486 | $0 | 0.00% |
For 2021, Finger Lakes's most frequently originated type of loan was Conventional, with 144 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 83 | $11,775,000 | $141,867 | $0 | 0.00% |
| Home Improvement | 40 | $2,300,000 | $57,500 | $0 | 0.00% |
| Home Purchase | 21 | $3,275,000 | $155,952 | $0 | 0.00% |
For 2021, Finger Lakes's most frequently cited loan purpose was Refi, with 83 originations. The 2nd most popular reason was Home Improvement, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 144 | $17,350,000 | $120,486 | $0 | 0.00% |
For 2021, Finger Lakes's most frequently cited loan duration was Other, with 144 originations.
Loan Sizing
2021 saw Finger Lakes place emphasis on $100,000 or less loans with 69 originations, totaling $3,575,000 in origination value.
Applicant Income
Finger Lakes lent most frequently to those with incomes in the $75k-100k range, with 35 originations. The second most popular income band? $50k-75k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 144 | $17,350,000 | $120,486 | $0 | 0.00% |
Finger Lakes lent most frequently to those with DTI ratios of Exempt%, with 144 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 140 | $16,860,000 | $120,429 | $0 | 0.00% |
| Black | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Not provided | 3 | $105,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.25%
Finger Lakes has an average approval rate.
Pick Rate
Approvals leading to origination76.39%
Finger Lakes has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 144 | $17,350,000 | $120,486 |