Fulton Savings Bank Mortgage Rates, Fees & Info

Fulton, NY

LEI: 95JW06YV3JUTCH0IJV88

Tax ID: 15-0313410

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Mortgage Data

Review & Overview

Fulton Savings Bank is a smaller bank specializing in Home Purchase loans. Fulton Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Syracuse, Auburn, and Utica among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fulton Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

191

Origination Dollar Volume (All Markets)

$28,355,000

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
SYRACUSE, NY (FHA|USDA|VA) 181 $26,245,000 $145,000 $0 0.00%
Auburn, NY (FHA|USDA|VA) 9 $2,035,000 $226,111 $0 0.00%
UTICA-ROME, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Fulton Savings Bank's top markets include Syracuse, Auburn, and Utica 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 191 $28,355,000 $148,455 $0 0.00%

    For 2023, Fulton Savings Bank's most frequently originated type of loan was Conventional, with 191 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 115 $20,735,000 $180,304 $0 0.00%
    Home Improvement 29 $2,605,000 $89,828 $0 0.00%
    Refi 26 $3,700,000 $142,308 $0 0.00%
    Other 21 $1,315,000 $62,619 $0 0.00%

    For 2023, Fulton Savings Bank's most frequently cited loan purpose was Home Purchase, with 115 originations. The 2nd most popular reason was Home Improvement, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 191 $28,355,000 $148,455 $0 0.00%

    For 2023, Fulton Savings Bank's most frequently cited loan duration was Other, with 191 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $4,175,000 $55,667 $0 0.00%
    $100k-200k 72 $10,620,000 $147,500 $0 0.00%
    $200k-400k 35 $9,105,000 $260,143 $0 0.00%
    $400k-600k 9 $4,455,000 $495,000 $0 0.00%

    2023 saw Fulton Savings Bank place emphasis on $100,000 or less loans with 75 originations, totaling $4,175,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 49 $6,195,000 $126,429 $0 0.00%
    $100k-150k 48 $7,660,000 $159,583 $0 0.00%
    $150k-250k 31 $7,635,000 $246,290 $0 0.00%
    $75k-100k 31 $3,475,000 $112,097 $0 0.00%
    $50k or less 24 $1,620,000 $67,500 $0 0.00%
    $250k+ 8 $1,770,000 $221,250 $0 0.00%

    Fulton Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 49 originations. The second most popular income band? $100k-150k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 191 $28,355,000 $148,455 $0 0.00%

    Fulton Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 191 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 162 $24,540,000 $151,481 $0 0.00%
    Not provided 26 $3,620,000 $139,231 $0 0.00%
    Black 2 $150,000 $75,000 $0 0.00%
    Asian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.48%

    Fulton Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.58%

    Fulton Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 191 $28,355,000 $148,455

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    191 $28,355,000 $148,455