Genesee Regional Bank Mortgage Rates, Fees & InfoRochester, NY
Tax ID: 36-3351119
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewGenesee Regional Bank is a smaller bank specializing in Home Purchase loans. Genesee Regional Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rochester, Syracuse, Auburn, Miami, and Corning among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)
Genesee Regional Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Genesee Regional Bank is typically an average 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 relatively high 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
|Simulated Rate||Simulation Date|
|30 Year Conventional Purchase||6.78%||6/4/23|
|30 Year Conventional Refi||6.67%||6/4/23|
|30 Year Cash-out Refi||6.78%||6/4/23|
|30 Year FHA Purchase||7.74%||6/4/23|
|30 Year FHA Refi||7.73%||6/4/23|
|30 Year VA Purchase||6.94%||6/4/23|
|30 Year VA Refi||6.27%||6/4/23|
|30 Year USDA Purchase||7.11%||6/4/23|
|15 Year Conventional Purchase||6.36%||6/4/23|
|15 Year Conventional Refi||6.22%||6/4/23|
|15 Year Cash-out Refi||6.22%||6/4/23|
|15 Year FHA Purchase||6.97%||6/4/23|
|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 Regional Bank Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Genesee Regional Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$423,680,000
Genesee Regional Bank - 2022
Genesee Regional Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for Genesee Regional Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Genesee Regional Bank's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.55%.
Relative Fees (Closing Costs)
Genesee Regional Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,272.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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)||1,319||$300,615,000||$227,911||$5,024||5.24%|
|SYRACUSE, NY (FHA|USDA|VA)||283||$57,855,000||$204,435||$5,418||5.18%|
|Auburn, NY (FHA|USDA|VA)||75||$12,515,000||$166,867||$4,886||5.24%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||8||$6,910,000||$863,750||$12,284||5.00%|
|Corning, NY (FHA|USDA|VA)||14||$4,560,000||$325,714||$6,727||5.47%|
|Batavia, NY (FHA|USDA|VA)||27||$4,475,000||$165,741||$4,623||5.19%|
|WATERTOWN-FORT DRUM, NY (FHA|USDA|VA)||19||$4,205,000||$221,316||$6,288||4.92%|
|North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)||5||$4,195,000||$839,000||$8,378||5.30%|
|UTICA-ROME, NY (FHA|USDA|VA)||18||$4,100,000||$227,778||$7,229||5.09%|
|CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)||9||$3,565,000||$396,111||$6,038||5.24%|
|Ogdensburg-Massena, NY (FHA|USDA|VA)||22||$3,540,000||$160,909||$5,423||4.94%|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||5||$2,715,000||$543,000||$13,158||4.78%|
|JACKSONVILLE, FL (FHA|USDA|VA)||4||$2,500,000||$625,000||$7,502||4.72%|
|Outside of Metro Areas||10||$2,130,000||$213,000||$5,682||5.23%|
|Seneca Falls, NY (FHA|USDA|VA)||7||$1,185,000||$169,286||$3,920||4.63%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||1||$975,000||$975,000||$18,391||6.50%|
|ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)||2||$950,000||$475,000||$6,953||6.06%|
|BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA)||6||$930,000||$155,000||$4,536||4.67%|
|BINGHAMTON, NY (FHA|USDA|VA)||3||$925,000||$308,333||$8,810||4.58%|
|NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)||2||$810,000||$405,000||$6,152||4.69%|
|ITHACA, NY (FHA|USDA|VA)||2||$790,000||$395,000||$5,082||4.31%|
|PANAMA CITY, FL (FHA|USDA|VA)||1||$475,000||$475,000||$9,898||6.50%|
|ELMIRA, NY (FHA|USDA|VA)||2||$370,000||$185,000||$4,129||5.50%|
|HOMOSASSA SPRINGS, FL (FHA|USDA|VA)||1||$365,000||$365,000||$4,894||5.25%|
|Olean, NY (FHA|USDA|VA)||1||$355,000||$355,000||$5,161||5.88%|
|PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)||1||$335,000||$335,000||$6,826||6.38%|
|THE VILLAGES, FL (FHA|USDA|VA)||1||$295,000||$295,000||$8,204||5.38%|
|Hudson, NY (FHA|USDA|VA)||1||$285,000||$285,000||$9,833||4.25%|
|Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA)||2||$270,000||$135,000||$3,959||6.31%|
|PORT ST. LUCIE, FL (FHA|USDA|VA)||1||$265,000||$265,000||$4,935||5.63%|
|Cortland, NY (FHA|USDA|VA)||2||$220,000||$110,000||$5,276||5.13%|
We use machine learning to identify the top lenders compared against Genesee Regional Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 8
Similarity Rank: 38
Similarity Rank: 39
Similarity Rank: 63
Similarity Rank: 110
Similarity Rank: 144
Similarity Rank: 188
Similarity Rank: 216
Similarity Rank: 216
Similarity Rank: 336
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Genesee Regional Bank's most frequently originated type of loan was Conventional, with 1,567 originations. Their 2nd most popular type was FHA, with 232 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||86||$20,940,000||$243,488||$4,516||4.89%|
For 2022, Genesee Regional Bank's most frequently cited loan purpose was Home Purchase, with 1,720 originations. The 2nd most popular reason was Cash Out Refi, with 86 originations.
For 2022, Genesee Regional Bank's most frequently cited loan duration was 30 Year, with 1,704 originations. The 2nd most popular length was 15 Year, with 139 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Genesee Regional Bank's average total fees were $5,272, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,096 originations.
During 2022, Genesee Regional Bank's average interest rate for loans was 5.31%, while their most frequently originated rate bucket for loans was 5-6%, with 779 originations.
2022 saw Genesee Regional Bank place emphasis on $100k-200k loans with 873 originations, totaling $133,745,000 in origination value.
Genesee Regional Bank lent most frequently to those with incomes in the $50k-75k range, with 453 originations. The second most popular income band? $100k-150k, with 398 originations.
Applicant Debt to Income Ratio
Genesee Regional Bank lent most frequently to those with DTI ratios of 30-36%, with 346 originations. The next most common DTI ratio? 20-30%, with 332 originations.
Approval RatesTotal approvals of all applications
Genesee Regional Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Genesee Regional Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|