Genesee Valley Mortgage Rates, Fees & Info

Geneseo, NY

LEI: 549300T1F1BRPWSZT586

Tax ID: 23-7377176

Latest/2023 | 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

    Genesee Valley is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Genesee Valley has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Corning, Batavia, Buffalo, 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 above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Genesee Valley is typically a low 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.

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    Originations

    109

    Origination Dollar Volume (All Markets)

    $8,905,000

    Awards

    GENESEE VALLEY 30 Year Conventional Loans silver GENESEE VALLEY 30 Year Conventional Loans silver
    Show all (2) awards

    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) 53 $4,425,000 $83,491 $1,415 4.82%
    Outside of Metro Areas 45 $3,305,000 $73,444 $1,564 4.78%
    Corning, NY (FHA|USDA|VA) 7 $625,000 $89,286 $1,598 5.08%
    Batavia, NY (FHA|USDA|VA) 2 $260,000 $130,000 $2,951 4.19%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $195,000 $195,000 $2,368 3.50%
    Olean, NY (FHA|USDA|VA) 1 $95,000 $95,000 $2,458 3.50%
    Genesee Valley's top markets include Rochester, Corning, Batavia, Buffalo, and Olean 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 69 $6,425,000 $93,116 $1,562 4.52%
    HELOC 40 $2,480,000 $62,000 n/a 5.25%

    For 2019, Genesee Valley's most frequently originated type of loan was Conventional, with 69 originations. Their 2nd most popular type was HELOC, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 73 $4,855,000 $66,507 $902 5.13%
    Home Purchase 25 $3,035,000 $121,400 $2,522 4.02%
    Refi 10 $910,000 $91,000 $1,199 4.15%
    Home Improvement 1 $105,000 $105,000 $0 5.74%

    For 2019, Genesee Valley's most frequently cited loan purpose was Cash Out Refi, with 73 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 61 $4,415,000 $72,377 $1,129 5.13%
    30 Year 21 $2,845,000 $135,476 $2,354 3.94%
    10 Year 10 $270,000 $27,000 $791 5.12%
    20 Year 7 $755,000 $107,857 $2,228 3.82%
    Other 6 $340,000 $56,667 $658 4.73%
    5 Year 4 $280,000 $70,000 $671 4.89%

    For 2019, Genesee Valley's most frequently cited loan duration was 15 Year, with 61 originations. The 2nd most popular length was 30 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 45 $5,505,000 $122,333

    Genesee Valley's average total fees were $2,354, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 40 $3,560,000 $89,000
    5-6% 34 $1,680,000 $49,412
    3-4% 28 $3,480,000 $124,286
    6-7% 7 $185,000 $26,429

    During 2019, Genesee Valley's average interest rate for loans was 3.94%, while their most frequently originated rate bucket for loans was 4-5%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,020,000 $43,143 $1,153 5.07%
    $100k-200k 34 $4,710,000 $138,529 $2,011 4.26%
    $200k-400k 5 $1,175,000 $235,000 $2,293 4.36%

    2019 saw Genesee Valley place emphasis on $100,000 or less loans with 70 originations, totaling $3,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $2,550,000 $63,750 $1,306 4.97%
    $100k-150k 28 $2,960,000 $105,714 $1,688 4.63%
    $50k or less 15 $955,000 $63,667 $1,427 4.83%
    $75k-100k 15 $1,385,000 $92,333 $1,822 4.36%
    $150k-250k 9 $795,000 $88,333 $1,419 5.19%
    $250k+ 2 $260,000 $130,000 $3,088 4.43%

    Genesee Valley lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $100k-150k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 108 $8,850,000 $81,944 $1,550 4.79%

    Genesee Valley lent most frequently to those with DTI ratios of <20%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $8,055,000 $84,789 $1,557 4.78%
    Not provided 13 $815,000 $62,692 $1,593 4.84%
    Black 1 $35,000 $35,000 $0 4.94%

    Approval Rates

    Total approvals of all applications
    91.67%

    Genesee Valley has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.83%

    Genesee Valley has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 109 $8,905,000 $81,697

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $210,000 $52,500
    Single Family (1-4 Units):Site-Built 105 $8,695,000 $82,810

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $940,000 $36,154 $764 5.47%
    40-60% 13 $855,000 $65,769 $1,362 4.46%
    60-80% 21 $2,315,000 $110,238 $1,444 4.41%
    80-100% 29 $4,065,000 $140,172 $2,388 4.26%
    Under 20% 19 $475,000 $25,000 $572 5.27%