Genesee Valley Mortgage Rates, Fees & Info
Geneseo, NYLEI: 549300T1F1BRPWSZT586
Tax ID: 23-7377176
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Mortgage Data
Review & Overview
Genesee Valley is a smaller mortgage company specializing in Home Improvement and Other loans. Genesee Valley has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Corning, Batavia, and Buffalo among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Genesee Valley has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. They typically have relatively high rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 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. | ||
Genesee Valley Mortgage Calculator
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Originations
82Origination Dollar Volume (All Markets)
$5,360,000Relative Rate
Genesee Valley's average 30 year fixed mortgage rate was
8.09%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 1.54%.
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 |
|---|---|---|---|---|---|
| ROCHESTER, NY (FHA|USDA|VA) | 39 | $2,555,000 | $65,513 | $0 | 8.00% |
| Outside of Metro Areas | 35 | $2,265,000 | $64,714 | $0 | 8.13% |
| Corning, NY (FHA|USDA|VA) | 6 | $430,000 | $71,667 | $0 | 8.58% |
| Batavia, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.99% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 50 | $3,390,000 | $67,800 | n/a | 8.09% |
| Conventional | 32 | $1,970,000 | $61,563 | $0 | 0.00% |
For 2024, Genesee Valley's most frequently originated type of loan was HELOC, with 50 originations. Their 2nd most popular type was Conventional, with 32 originations.
Loan Reason
For 2024, Genesee Valley's most frequently cited loan purpose was Home Improvement, with 43 originations. The 2nd most popular reason was Other, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 50 | $3,390,000 | $67,800 | $0 | 8.09% |
| Other | 32 | $1,970,000 | $61,563 | $0 | 0.00% |
For 2024, Genesee Valley's most frequently cited loan duration was 30 Year, with 50 originations. The 2nd most popular length was Other, with 32 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 38 | $2,910,000 | $76,579 |
| Over 8% | 12 | $480,000 | $40,000 |
During 2024, Genesee Valley's average interest rate for loans was 8.09%, while their most frequently originated rate bucket for loans was 7-8%, with 38 originations.
Loan Sizing
2024 saw Genesee Valley place emphasis on $100,000 or less loans with 70 originations, totaling $3,480,000 in origination value.
Applicant Income
Genesee Valley lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $100k-150k, with 21 originations.
Applicant Debt to Income Ratio
Genesee Valley lent most frequently to those with DTI ratios of Exempt%, with 32 originations. The next most common DTI ratio? 30-36%, with 16 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 81 | $5,305,000 | $65,494 | $0 | 8.09% |
| Asian | 1 | $55,000 | $55,000 | $0 | 7.99% |
Approval Rates
Total approvals of all applications76.79%
Genesee Valley has a below average approval rate.
Pick Rate
Approvals leading to origination95.12%
Genesee Valley has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 32 | $1,970,000 | $61,563 |
| NA | 50 | $3,390,000 | $67,800 |