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 Home Improvement, Other, and Refi loans. Genesee Valley has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Corning, New York, Batavia, and Buffalo 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.

    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

    114

    Origination Dollar Volume (All Markets)

    $8,930,000

    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
    ROCHESTER, NY (FHA|USDA|VA) 60 $4,520,000 $75,333 $0 0.00%
    Outside of Metro Areas 45 $3,335,000 $74,111 $0 0.00%
    Corning, NY (FHA|USDA|VA) 4 $570,000 $142,500 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Batavia, NY (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    Genesee Valley's top markets include Rochester, Corning, New York, Batavia, and Buffalo 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 114 $8,930,000 $78,333 $0 0.00%

    For 2022, Genesee Valley's most frequently originated type of loan was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 46 $2,740,000 $59,565 $0 0.00%
    Other 30 $2,580,000 $86,000 $0 0.00%
    Refi 22 $1,800,000 $81,818 $0 0.00%
    Home Purchase 14 $1,660,000 $118,571 $0 0.00%
    Cash Out Refi 2 $150,000 $75,000 $0 0.00%

    For 2022, Genesee Valley's most frequently cited loan purpose was Home Improvement, with 46 originations. The 2nd most popular reason was Other, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 114 $8,930,000 $78,333 $0 0.00%

    For 2022, Genesee Valley's most frequently cited loan duration was Other, with 114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $4,245,000 $51,145 $0 0.00%
    $100k-200k 26 $3,520,000 $135,385 $0 0.00%
    $200k-400k 5 $1,165,000 $233,000 $0 0.00%

    2022 saw Genesee Valley place emphasis on $100,000 or less loans with 83 originations, totaling $4,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 38 $2,880,000 $75,789 $0 0.00%
    $100k-150k 24 $1,810,000 $75,417 $0 0.00%
    $75k-100k 23 $1,895,000 $82,391 $0 0.00%
    $50k or less 18 $800,000 $44,444 $0 0.00%
    $150k-250k 8 $1,000,000 $125,000 $0 0.00%
    $250k+ 3 $545,000 $181,667 $0 0.00%

    Genesee Valley lent most frequently to those with incomes in the $50k-75k range, with 38 originations. The second most popular income band? $100k-150k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 114 $8,930,000 $78,333 $0 0.00%

    Genesee Valley lent most frequently to those with DTI ratios of Exempt%, with 114 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 114 $8,930,000 $78,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.82%

    Genesee Valley has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.47%

    Genesee Valley has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 114 $8,930,000 $78,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    114 $8,930,000 $78,333