Hudson River Community Mortgage Rates, Fees & Info

Corinth, NY

LEI: 549300Z1CDO1XR2ZMQ19

Tax ID: 14-1407718

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

    Hudson River Community is a smaller mortgage company specializing in Other and Home Purchase loans. Hudson River Community has a high proportion of conventional loans. Their top two markets are Albany and Glens Falls .

    Hudson River Community 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. Hudson River Community 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 6.94% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.72% 12/16/24
    15 Year Conventional Purchase 5.78% 12/16/24
    15 Year Conventional Refi 5.95% 12/16/24
    15 Year Cash-out Refi 5.95% 12/16/24
    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.

    Hudson River Community Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Hudson River Community. 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

    177

    Origination Dollar Volume (All Markets)

    $20,365,000

    Awards

    HUDSON RIVER COMMUNITY 30 Year Conventional Loans gold HUDSON RIVER COMMUNITY 30 Year Conventional Loans gold HUDSON RIVER COMMUNITY 30 Year Conventional Loans gold
    Show all (3) 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
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 83 $10,245,000 $123,434 $1,362 4.74%
    GLENS FALLS, NY (FHA|USDA|VA) 92 $9,840,000 $106,957 $1,408 5.11%
    Outside of Metro Areas 2 $280,000 $140,000 $1,001 5.65%
    Hudson River Community's top markets include Albany and Glens Falls among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Similar Lenders

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

    Saratoga National Bank and Trust Company
    Similarity Rank: 80
    National Union Bank of Kinderhook
    Similarity Rank: 96
    HUDSON RIVER COMMUNITY
    Similarity Rank: 156
    FIRST NEW YORK
    Similarity Rank: 228
    TrustCo Bank
    Similarity Rank: 275
    Glens Falls National Bank and Trust Company
    Similarity Rank: 300
    Chemung Canal Trust Company
    Similarity Rank: 765
    CCFCU FUNDING, LLC
    Similarity Rank: 780
    SUNMARK FEDERAL CREDIT UNION
    Similarity Rank: 960
    SEFCU SERVICES, LLC
    Similarity Rank: 1152

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $20,365,000 $115,056 $1,381 4.95%

    For 2018, Hudson River Community's most frequently originated type of loan was Conventional, with 177 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 114 $11,870,000 $104,123 $1,187 4.94%
    Home Purchase 32 $5,030,000 $157,188 $2,372 4.92%
    Cash Out Refi 15 $1,635,000 $109,000 $1,208 5.08%
    Refi 9 $1,405,000 $156,111 $1,310 4.13%
    Home Improvement 7 $425,000 $60,714 $812 5.84%

    For 2018, Hudson River Community's most frequently cited loan purpose was Other, with 114 originations. The 2nd most popular reason was Home Purchase, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 51 $8,245,000 $161,667 $1,740 5.15%
    15 Year 39 $3,865,000 $99,103 $1,230 4.45%
    20 Year 34 $4,010,000 $117,941 $1,461 5.04%
    Other 23 $2,655,000 $115,435 $1,237 5.09%
    10 Year 20 $1,050,000 $52,500 $884 5.19%
    5 Year 10 $540,000 $54,000 $1,025 4.70%

    For 2018, Hudson River Community's most frequently cited loan duration was 30 Year, with 51 originations. The 2nd most popular length was 15 Year, with 39 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 42 $5,930,000 $141,190

    Hudson River Community's average total fees were $1,740, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 42 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 58 $8,110,000 $139,828
    3-4% 49 $6,165,000 $125,816
    5-6% 33 $3,645,000 $110,455
    6-7% 19 $1,555,000 $81,842
    7-8% 10 $500,000 $50,000
    2.5-3% 4 $240,000 $60,000
    Over 8% 4 $150,000 $37,500

    During 2018, Hudson River Community's average interest rate for loans was 5.15%, while their most frequently originated rate bucket for loans was 4-5%, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 93 $5,845,000 $62,849 $1,152 5.22%
    $100k-200k 60 $8,530,000 $142,167 $1,451 4.66%
    $200k-400k 23 $5,545,000 $241,087 $1,933 4.61%
    $400k-600k 1 $445,000 $445,000 $3,468 4.00%

    2018 saw Hudson River Community place emphasis on $100,000 or less loans with 93 originations, totaling $5,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 46 $4,490,000 $97,609 $1,425 4.94%
    $50k or less 43 $4,405,000 $102,442 $1,341 4.93%
    $75k-100k 37 $4,135,000 $111,757 $1,251 5.01%
    $100k-150k 31 $4,125,000 $133,065 $1,465 4.94%
    $150k-250k 12 $1,920,000 $160,000 $1,388 5.33%

    Hudson River Community lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $50k or less, with 43 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $3,770,000 $104,722 $1,357 4.95%
    30-36% 31 $3,405,000 $109,839 $1,355 4.98%
    <20% 13 $1,305,000 $100,385 $1,336 4.37%
    50-60% 13 $1,685,000 $129,615 $1,322 4.84%
    36% 9 $1,245,000 $138,333 $1,956 4.81%
    41% 9 $1,005,000 $111,667 $1,308 5.72%
    37% 9 $865,000 $96,111 $1,253 5.03%
    >60% 6 $800,000 $133,333 $1,447 4.96%
    40% 6 $430,000 $71,667 $1,151 5.48%
    44% 6 $950,000 $158,333 $1,792 4.28%
    38% 5 $605,000 $121,000 $978 4.85%
    49% 5 $445,000 $89,000 $1,084 4.89%
    43% 4 $380,000 $95,000 $1,163 5.06%
    48% 3 $145,000 $48,333 $890 6.57%
    39% 3 $615,000 $205,000 $1,624 4.42%
    42% 3 $275,000 $91,667 $1,816 5.87%
    46% 3 $455,000 $151,667 $1,245 5.17%
    47% 3 $405,000 $135,000 $1,637 4.42%
    45% 2 $120,000 $60,000 $723 5.33%

    Hudson River Community lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 171 $19,785,000 $115,702 $1,380 4.93%
    Not applicable 3 $275,000 $91,667 $1,426 5.33%
    Not provided 1 $165,000 $165,000 $1,426 4.50%
    American Indian 2 $140,000 $70,000 $1,435 5.75%

    Approval Rates

    Total approvals of all applications
    74.62%

    Hudson River Community has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.15%

    Hudson River Community 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 177 $20,365,000 $115,056

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 30 $2,880,000 $96,000
    Single Family (1-4 Units):Site-Built 147 $17,485,000 $118,946

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $1,350,000 $56,250 $960 5.26%
    40-60% 35 $3,625,000 $103,571 $1,343 4.53%
    60-80% 47 $5,925,000 $126,064 $1,510 4.31%
    80-100% 53 $8,755,000 $165,189 $1,683 5.07%
    Under 20% 18 $710,000 $39,444 $693 6.62%