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
  • Complaints
  • 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 Refi loans. Hudson River Community has a high proportion of conventional loans. Their top two markets are Glens Falls and Albany .

    Hudson River Community has a below 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% 11/17/24
    30 Year Conventional Refi 6.27% 11/17/24
    30 Year Cash-out Refi 6.72% 11/17/24
    15 Year Conventional Purchase 5.78% 11/17/24
    15 Year Conventional Refi 5.95% 11/17/24
    15 Year Cash-out Refi 5.95% 11/17/24
    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

    297

    Origination Dollar Volume (All Markets)

    $40,655,000

    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
    GLENS FALLS, NY (FHA|USDA|VA) 173 $22,625,000 $130,780 $1,318 3.66%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 121 $17,555,000 $145,083 $1,290 3.58%
    Outside of Metro Areas 3 $475,000 $158,333 $1,682 3.46%
    Hudson River Community's top markets include Glens Falls and Albany 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.

    FIRST NEW YORK
    Similarity Rank: 63
    Bank of Richmondville
    Similarity Rank: 141
    HUDSON RIVER COMMUNITY
    Similarity Rank: 243
    Saratoga National Bank and Trust Company
    Similarity Rank: 594
    CCFCU FUNDING, LLC
    Similarity Rank: 672
    TrustCo Bank
    Similarity Rank: 980
    Glens Falls National Bank and Trust Company
    Similarity Rank: 1080
    1ST PRIORITY MORTGAGE, INC.
    Similarity Rank: 1525
    NBT Bank
    Similarity Rank: 1568
    SEFCU SERVICES, LLC
    Similarity Rank: 1656

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 297 $40,655,000 $136,886 $1,311 3.63%

    For 2021, Hudson River Community's most frequently originated type of loan was Conventional, with 297 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 153 $24,965,000 $163,170 $1,324 2.88%
    Home Improvement 54 $3,470,000 $64,259 $717 4.93%
    Cash Out Refi 50 $6,250,000 $125,000 $1,203 4.32%
    Home Purchase 40 $5,970,000 $149,250 $2,244 3.84%

    For 2021, Hudson River Community's most frequently cited loan purpose was Refi, with 153 originations. The 2nd most popular reason was Home Improvement, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 115 $14,025,000 $121,957 $1,221 3.08%
    30 Year 87 $16,425,000 $188,793 $1,750 3.96%
    20 Year 43 $6,165,000 $143,372 $1,279 3.81%
    10 Year 35 $2,335,000 $66,714 $724 4.34%
    Other 11 $1,525,000 $138,636 $1,301 3.10%
    5 Year 6 $180,000 $30,000 $393 4.58%

    For 2021, Hudson River Community's most frequently cited loan duration was 15 Year, with 115 originations. The 2nd most popular length was 30 Year, with 87 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 292 $40,190,000 $137,637

    Hudson River Community's average total fees were $1,750, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 292 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 80 $12,490,000 $156,125
    <2.5% 65 $9,425,000 $145,000
    2.5-3% 54 $9,040,000 $167,407
    4-5% 52 $5,510,000 $105,962
    5-6% 29 $2,785,000 $96,034
    6-7% 13 $1,185,000 $91,154
    7-8% 4 $220,000 $55,000

    During 2021, Hudson River Community's average interest rate for loans was 3.96%, while their most frequently originated rate bucket for loans was 3-4%, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 130 $17,990,000 $138,385 $1,381 3.39%
    $100,000 or less 106 $6,140,000 $57,925 $900 4.11%
    $200k-400k 58 $15,070,000 $259,828 $1,854 3.29%
    $400k-600k 3 $1,455,000 $485,000 $1,926 2.96%

    2021 saw Hudson River Community place emphasis on $100k-200k loans with 130 originations, totaling $17,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 92 $13,600,000 $147,826 $1,329 3.51%
    $50k-75k 60 $6,820,000 $113,667 $1,228 3.83%
    $75k-100k 50 $6,440,000 $128,800 $1,354 3.90%
    $150k-250k 43 $7,945,000 $184,767 $1,487 3.36%
    $50k or less 41 $3,835,000 $93,537 $1,175 3.69%
    $250k+ 8 $1,590,000 $198,750 $1,210 3.20%

    Hudson River Community lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $50k-75k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 84 $11,690,000 $139,167 $1,335 3.43%
    30-36% 56 $7,860,000 $140,357 $1,361 3.68%
    <20% 32 $3,530,000 $110,313 $1,429 3.10%
    50-60% 17 $2,095,000 $123,235 $1,082 3.82%
    45% 15 $1,735,000 $115,667 $1,391 3.98%
    38% 14 $1,590,000 $113,571 $1,094 4.22%
    37% 13 $1,945,000 $149,615 $1,366 3.49%
    40% 11 $1,625,000 $147,727 $1,255 4.11%
    39% 9 $1,695,000 $188,333 $1,296 3.78%
    42% 7 $745,000 $106,429 $1,107 3.54%
    36% 7 $1,075,000 $153,571 $1,355 3.96%
    43% 6 $1,020,000 $170,000 $1,172 4.32%
    44% 6 $650,000 $108,333 $1,039 4.32%
    49% 4 $1,050,000 $262,500 $1,279 3.39%
    46% 4 $410,000 $102,500 $816 4.61%
    47% 4 $760,000 $190,000 $1,795 3.21%
    >60% 3 $325,000 $108,333 $872 3.41%
    41% 3 $565,000 $188,333 $1,955 2.76%
    48% 2 $290,000 $145,000 $1,310 3.54%

    Hudson River Community lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? 30-36%, with 56 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 277 $37,545,000 $135,542 $1,298 3.65%
    Not provided 16 $2,030,000 $126,875 $1,493 3.35%
    Asian 3 $635,000 $211,667 $1,293 3.21%
    American Indian 1 $445,000 $445,000 $1,968 3.18%

    Approval Rates

    Total approvals of all applications
    69.77%

    Hudson River Community has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    36.03%

    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 297 $40,655,000 $136,886

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    297 $40,655,000 $136,886

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $3,975,000 $75,000 $919 3.76%
    40-60% 64 $8,740,000 $136,563 $1,343 2.92%
    60-80% 101 $17,635,000 $174,604 $1,480 3.24%
    80-100% 47 $9,035,000 $192,234 $1,867 4.28%
    Under 20% 32 $1,270,000 $39,688 $537 5.05%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Hudson United Mortgage LLC Conventional home mortgage Trouble during payment process 1 100.0%