Rondout Savings Bank Mortgage Rates, Fees & Info

Kingston, NY

LEI: 549300ODXRVTZ21MSR34

Tax ID: 14-1012960

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Rondout Savings Bank is a smaller bank specializing in Home Purchase loans. Rondout Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kingston, Poughkeepsie, and Albany among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rondout Savings Bank 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.

    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.

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    Originations

    58

    Origination Dollar Volume (All Markets)

    $23,180,000

    Top 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
    KINGSTON, NY (FHA|USDA|VA) 43 $14,315,000 $332,907 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 10 $7,500,000 $750,000 $0 0.00%
    Outside of Metro Areas 4 $1,090,000 $272,500 $0 0.00%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Rondout Savings Bank's top markets include Kingston, Poughkeepsie, and Albany among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 58 $23,180,000 $399,655 $0 0.00%

    For 2024, Rondout Savings Bank's most frequently originated type of loan was Conventional, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $20,790,000 $472,500 $0 0.00%
    Other 9 $1,375,000 $152,778 $0 0.00%
    Cash Out Refi 5 $1,015,000 $203,000 $0 0.00%

    For 2024, Rondout Savings Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Other, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 58 $23,180,000 $399,655 $0 0.00%

    For 2024, Rondout Savings Bank's most frequently cited loan duration was Other, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 33 $9,725,000 $294,697 $0 0.00%
    $400k-600k 11 $5,285,000 $480,455 $0 0.00%
    $600k-1MM 5 $3,625,000 $725,000 $0 0.00%
    $100,000 or less 4 $230,000 $57,500 $0 0.00%
    $100k-200k 4 $550,000 $137,500 $0 0.00%
    $1MM+ 1 $3,765,000 $3,765,000 $0 0.00%

    2024 saw Rondout Savings Bank place emphasis on $200k-400k loans with 33 originations, totaling $9,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $5,505,000 $262,143 $0 0.00%
    $150k-250k 13 $5,555,000 $427,308 $0 0.00%
    $250k+ 10 $5,530,000 $553,000 $0 0.00%
    $50k-75k 7 $1,425,000 $203,571 $0 0.00%
    $75k-100k 2 $590,000 $295,000 $0 0.00%
    $50k or less 1 $135,000 $135,000 $0 0.00%

    Rondout Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 58 $23,180,000 $399,655 $0 0.00%

    Rondout Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 39 $13,375,000 $342,949 $0 0.00%
    Not applicable 4 $4,440,000 $1,110,000 $0 0.00%
    Not provided 8 $2,760,000 $345,000 $0 0.00%
    Black 4 $1,560,000 $390,000 $0 0.00%
    Asian 3 $1,045,000 $348,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.00%

    Rondout Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.34%

    Rondout Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 58 $23,180,000 $399,655

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    58 $23,180,000 $399,655