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, Batavia, Buffalo, Corning, and Olean among others. We have data for 6 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 a below average pick rate when compared to similar lenders. They typically have relatively high rates.
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Originations
77Origination Dollar Volume (All Markets)
$5,085,000Relative Rate
Genesee Valley's average 30 year fixed mortgage rate was
8.09%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 1.61%.
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) | 38 | $2,480,000 | $65,263 | $0 | 8.24% |
| Outside of Metro Areas | 33 | $1,995,000 | $60,455 | $0 | 8.01% |
| Batavia, NY (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 7.49% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 7.49% |
| Corning, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Olean, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $2,670,000 | $60,682 | $0 | 0.00% |
| HELOC | 33 | $2,415,000 | $73,182 | n/a | 8.09% |
For 2023, Genesee Valley's most frequently originated type of loan was Conventional, with 44 originations. Their 2nd most popular type was HELOC, with 33 originations.
Loan Reason
For 2023, Genesee Valley's most frequently cited loan purpose was Home Improvement, with 34 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 |
|---|---|---|---|---|---|
| Other | 44 | $2,670,000 | $60,682 | $0 | 0.00% |
| 30 Year | 33 | $2,415,000 | $73,182 | $0 | 8.09% |
For 2023, Genesee Valley's most frequently cited loan duration was Other, with 44 originations. The 2nd most popular length was 30 Year, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 20 | $1,620,000 | $81,000 |
| Over 8% | 11 | $525,000 | $47,727 |
| 6-7% | 2 | $270,000 | $135,000 |
During 2023, Genesee Valley's average interest rate for loans was 8.09%, while their most frequently originated rate bucket for loans was 7-8%, with 20 originations.
Loan Sizing
2023 saw Genesee Valley place emphasis on $100,000 or less loans with 62 originations, totaling $3,000,000 in origination value.
Applicant Income
Genesee Valley lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
Genesee Valley lent most frequently to those with DTI ratios of Exempt%, with 44 originations. The next most common DTI ratio? 30-36%, with 11 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 74 | $4,920,000 | $66,486 | $0 | 8.09% |
| Not provided | 2 | $110,000 | $55,000 | $0 | 0.00% |
| Asian | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications76.32%
Genesee Valley has a below average approval rate.
Pick Rate
Approvals leading to origination87.01%
Genesee Valley has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $2,670,000 | $60,682 |
| NA | 33 | $2,415,000 | $73,182 |