Walden Savings Bank Mortgage Rates, Fees & Info

Montgomery, NY

LEI: 549300W2DSERWC01YR18

Tax ID: 14-1155630

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Walden Savings Bank is a smaller bank specializing in Home Purchase loans. Walden Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, New York, Tampa, and Naples among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Walden Savings 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. Walden Savings Bank 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.42% 4/21/24
    30 Year Conventional Refi 5.98% 4/21/24
    30 Year Cash-out Refi 6.43% 4/21/24
    15 Year Conventional Purchase 6.10% 4/21/24
    15 Year Conventional Refi 5.45% 4/21/24
    15 Year Cash-out Refi 5.45% 4/21/24
    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.

    Walden Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Walden Savings 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.


    Originations

    299

    Origination Dollar Volume (All Markets)

    $77,445,000
    Show all (8) 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
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 192 $49,200,000 $256,250 $2,516 4.23%
    KINGSTON, NY (FHA|USDA|VA) 52 $13,300,000 $255,769 $2,733 4.16%
    Outside of Metro Areas 37 $8,945,000 $241,757 $3,301 4.15%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 10 $3,690,000 $369,000 $5,019 4.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $1,050,000 $525,000 $4,698 5.06%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $335,000 $335,000 $3,697 5.00%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $255,000 $255,000 $6,932 3.63%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,406 4.75%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $185,000 $185,000 $1,856 4.38%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $135,000 $135,000 $3,514 4.38%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $135,000 $135,000 $2,348 5.00%
    Walden Savings Bank's top markets include Poughkeepsie, Kingston, New York, Tampa, and Naples among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Walden Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CCFCU FUNDING, LLC
    Similarity Rank: 168
    Walden Savings Bank
    Similarity Rank: 231
    Municipal Credit Union
    Similarity Rank: 234
    Ulster Savings Bank
    Similarity Rank: 315
    SEFCU SERVICES, LLC
    Similarity Rank: 546
    Tompkins Trust Company
    Similarity Rank: 576
    Rhinebeck Bank
    Similarity Rank: 616
    MID-HUDSON VALLEY
    Similarity Rank: 624
    TEG Federal Credit Union
    Similarity Rank: 693
    HUDSON VALLEY CREDIT UNION
    Similarity Rank: 1470

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 299 $77,445,000 $259,013 $2,769 4.21%

    For 2022, Walden Savings Bank's most frequently originated type of loan was Conventional, with 299 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 160 $49,710,000 $310,688 $3,614 4.12%
    Cash Out Refi 49 $11,825,000 $241,327 $2,295 3.90%
    Home Improvement 37 $2,155,000 $58,243 $375 5.22%
    Refi 37 $9,695,000 $262,027 $2,651 3.52%
    Other 16 $4,060,000 $253,750 $1,949 5.27%

    For 2022, Walden Savings Bank's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 156 $45,000,000 $288,462 $2,962 4.12%
    30+ year 56 $21,170,000 $378,036 $4,812 3.86%
    15 Year 35 $4,835,000 $138,143 $1,274 4.09%
    20 Year 28 $4,200,000 $150,000 $938 5.26%
    10 Year 18 $1,780,000 $98,889 $655 4.63%
    5 Year 4 $110,000 $27,500 $201 4.66%
    Other 2 $350,000 $175,000 $3,281 3.44%

    For 2022, Walden Savings Bank's most frequently cited loan duration was 30 Year, with 156 originations. The 2nd most popular length was 30+ year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 190 $55,400,000 $291,579
    $1k-2k 38 $12,900,000 $339,474
    $2k-3k 6 $1,930,000 $321,667
    $3k-4k 2 $570,000 $285,000
    $5k+ 2 $1,160,000 $580,000

    Walden Savings Bank's average total fees were $2,962, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 190 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 123 $37,895,000 $308,089
    4-5% 105 $26,205,000 $249,571
    5-6% 46 $7,560,000 $164,348
    2.5-3% 12 $3,690,000 $307,500
    <2.5% 7 $1,205,000 $172,143
    6-7% 6 $890,000 $148,333

    During 2022, Walden Savings Bank's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 3-4%, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 122 $34,300,000 $281,148 $3,282 4.00%
    $100k-200k 65 $9,835,000 $151,308 $2,376 4.06%
    $100,000 or less 55 $2,965,000 $53,909 $579 5.05%
    $400k-600k 45 $21,445,000 $476,556 $4,079 3.95%
    $600k-1MM 11 $7,365,000 $669,545 $4,919 4.03%
    $1MM+ 1 $1,535,000 $1,535,000 $6,660 5.75%

    2022 saw Walden Savings Bank place emphasis on $200k-400k loans with 122 originations, totaling $34,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 85 $20,445,000 $240,529 $2,797 4.15%
    $150k-250k 68 $23,090,000 $339,559 $3,168 4.23%
    $50k-75k 55 $9,295,000 $169,000 $2,216 4.11%
    $75k-100k 49 $10,795,000 $220,306 $2,761 4.31%
    $250k+ 21 $9,955,000 $474,048 $3,300 4.20%
    $50k or less 14 $1,660,000 $118,571 $2,196 4.37%

    Walden Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $150k-250k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 63 $12,995,000 $206,270 $2,475 4.23%
    30-36% 49 $15,465,000 $315,612 $2,936 4.19%
    43% 18 $5,140,000 $285,556 $2,554 4.19%
    45% 17 $4,715,000 $277,353 $3,002 4.01%
    42% 17 $4,335,000 $255,000 $2,979 3.96%
    40% 15 $4,555,000 $303,667 $2,773 4.13%
    <20% 14 $3,990,000 $285,000 $2,663 3.72%
    39% 13 $2,715,000 $208,846 $1,955 4.30%
    41% 13 $2,855,000 $219,615 $2,154 4.20%
    46% 12 $4,140,000 $345,000 $3,528 4.22%
    38% 11 $3,155,000 $286,818 $3,064 4.63%
    44% 11 $2,545,000 $231,364 $3,385 4.65%
    37% 10 $1,970,000 $197,000 $1,847 4.56%
    47% 10 $2,470,000 $247,000 $4,261 3.98%
    36% 9 $2,205,000 $245,000 $3,030 4.25%
    48% 7 $1,095,000 $156,429 $1,962 4.11%
    50-60% 4 $970,000 $242,500 $2,349 4.97%
    >60% 2 $780,000 $390,000 $5,293 4.38%
    49% 2 $540,000 $270,000 $4,268 4.06%

    Walden Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 63 originations. The next most common DTI ratio? 30-36%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 209 $53,055,000 $253,852 $2,774 4.21%
    Not provided 73 $18,845,000 $258,151 $2,702 4.17%
    Black 8 $2,210,000 $276,250 $2,628 4.33%
    Asian 3 $1,235,000 $411,667 $4,131 4.38%
    Not applicable 2 $810,000 $405,000 $0 4.63%
    Other Asian 1 $655,000 $655,000 $4,302 4.50%
    American Indian 2 $360,000 $180,000 $2,444 4.06%
    Other Pacific Islander 1 $275,000 $275,000 $2,906 3.38%

    Approval Rates

    Total approvals of all applications
    92.42%

    Walden Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    65.22%

    Walden Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 299 $77,445,000 $259,013

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    299 $77,445,000 $259,013

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 30 $5,030,000 $167,667 $2,146 4.18%
    40-60% 57 $13,485,000 $236,579 $2,759 3.86%
    60-80% 95 $29,635,000 $311,947 $3,555 4.01%
    80-100% 71 $26,955,000 $379,648 $3,610 4.10%
    Under 20% 46 $2,340,000 $50,870 $377 5.22%