Cliffco Mortgage Rates, Fees & Info
UNIONDALE, NYLEI: 549300HTMO7FGRKRLV06
Tax ID: 11-2975713
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Cliffco is a smaller mortgage company specializing in Home Purchase and Refi loans. Cliffco has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: New York, Poughkeepsie, Bridgeport, Philadelphia, and Miami among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)Cliffco has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cliffco is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.05% | 4/21/24 |
| 30 Year Conventional Refi | 7.45% | 4/21/24 |
| 30 Year Cash-out Refi | 7.09% | 4/21/24 |
| 30 Year FHA Purchase | 7.39% | 4/21/24 |
| 30 Year FHA Refi | 7.56% | 4/21/24 |
| 30 Year VA Purchase | 6.18% | 4/21/24 |
| 15 Year Conventional Purchase | 6.12% | 4/21/24 |
| 15 Year Conventional Refi | 6.07% | 4/21/24 |
| 15 Year Cash-out Refi | 6.07% | 4/21/24 |
| 15 Year FHA Refi | 5.68% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Cliffco Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Cliffco. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,355Origination Dollar Volume (All Markets)
$586,045,000Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1,204 | $542,740,000 | $450,781 | $9,673 | 3.12% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 25 | $7,745,000 | $309,800 | $6,926 | 3.16% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 13 | $4,865,000 | $374,231 | $8,471 | 3.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 13 | $3,645,000 | $280,385 | $9,634 | 3.27% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 10 | $2,890,000 | $289,000 | $7,296 | 3.57% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 8 | $1,970,000 | $246,250 | $7,094 | 3.23% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $6,441 | 3.17% |
| Outside of Metro Areas | 7 | $1,815,000 | $259,286 | $5,448 | 3.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 5 | $1,725,000 | $345,000 | $6,053 | 3.08% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $9,467 | 4.03% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 6 | $1,500,000 | $250,000 | $6,602 | 3.15% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 5 | $1,275,000 | $255,000 | $8,767 | 3.27% |
| Hudson, NY (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $8,399 | 3.34% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $4,661 | 3.16% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $10,367 | 3.21% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $5,318 | 2.63% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $6,181 | 3.38% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $8,029 | 3.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $10,400 | 3.25% |
| KINGSTON, NY (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $5,559 | 3.08% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $18,904 | 3.88% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $7,391 | 3.25% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,501 | 3.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $4,092 | 3.25% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $18,447 | 3.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,617 | 3.44% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,543 | 3.13% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,485 | 3.37% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,047 | 3.63% |
| OCALA, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,008 | 4.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,087 | 2.13% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,893 | 2.50% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,245 | 3.50% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,801 | 3.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,934 | 3.38% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,412 | 3.50% |
| Torrington, CT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $6,175 | 3.38% |
| ROCHESTER, NY (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $3,855 | 4.19% |
| READING, PA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against CLIFFCO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 102
Similarity Rank: 167
Similarity Rank: 352
Similarity Rank: 448
Similarity Rank: 652
Similarity Rank: 672
Similarity Rank: 748
Similarity Rank: 760
Similarity Rank: 768
Similarity Rank: 882
Product Mix
For 2021, Cliffco's most frequently originated type of loan was Conventional, with 1,163 originations. Their 2nd most popular type was FHA, with 175 originations.
Loan Reason
For 2021, Cliffco's most frequently cited loan purpose was Home Purchase, with 795 originations. The 2nd most popular reason was Refi, with 413 originations.
Loan Duration/Length
For 2021, Cliffco's most frequently cited loan duration was 30 Year, with 1,244 originations. The 2nd most popular length was 15 Year, with 64 originations.
Origination Fees/Closing Costs
Cliffco's average total fees were $9,643, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 667 originations.
Interest Rates
During 2021, Cliffco's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 3-4%, with 684 originations.
Loan Sizing
2021 saw Cliffco place emphasis on $400k-600k loans with 622 originations, totaling $301,050,000 in origination value.
Applicant Income
Cliffco lent most frequently to those with incomes in the $100k-150k range, with 468 originations. The second most popular income band? $150k-250k, with 336 originations.
Applicant Debt to Income Ratio
Cliffco lent most frequently to those with DTI ratios of 30-36%, with 248 originations. The next most common DTI ratio? 20-30%, with 197 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.44%
Cliffco has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination71.81%
Cliffco has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,355 | $586,045,000 | $432,506 |