Batavia Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Batavia averaged 6.94% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.07% and one month ago for the week of 2023-02-09, the average rate was 6.46%.

    Batavia's average rate one year ago was 3.99%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Batavia 30 Year Fixed Rate 2023-03-16 6.94%
    Batavia 30 Year Fixed Rate Refi 2023-03-16 7.28%
    Batavia 15 Year Fixed Rate 2023-03-16 7.4%
    Batavia 15 Year Fixed Rate Refi 2023-03-16 6.38%
    Batavia 30 Year FHA 2023-03-16 6.68%
    Batavia 30 Year FHA Refi 2023-03-16 6.68%
    Batavia 30 Year USDA 2023-03-16 6.36%
    Batavia 30 Year VA 2023-03-16 6.44%
    Batavia 30 Year VA Refi 2023-03-16 6.24%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Batavia, NY.

    Batavia Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Batavia, NY market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Premium Mortgage Corporation 81 3.13% $2,987
    QUICKEN LOANS, LLC 40 3.18% $5,534
    M&T Bank 32 3.27% $3,907
    ESL Federal Credit Union 28 2.95% $3,016
    PRIMELENDING, A PLAINSCAPITAL COMPANY 26 3.22% $3,843
    MOVEMENT MORTGAGE, LLC 20 3.31% $3,629
    Five Star Bank 18 3.03% $3,270
    1ST PRIORITY MORTGAGE, INC. 16 3.04% $3,566
    KeyBank 16 3.01% $2,551
    Genesee Regional Bank 15 3.43% $3,284
    HUNT MORTGAGE CORPORATION 15 2.98% $3,736
    Mr. Cooper ( Nationstar Mortgage ) 9 3.42% $3,726
    Farm Credit East, ACA 8 3.53% $5,519
    UNITED WHOLESALE MORTGAGE, LLC 8 3.36% $5,763
    Bank of America 7 3.02% $2,073
    HOMESTEAD FUNDING CORP. 7 3.14% $2,750
    Wells Fargo Bank 7 3.20% $4,626
    HOME TOWN FUNDING, INC. 7 3.04% $3,096
    NEWREZ LLC 5 3.40% $4,899
    Northwest Bank 5 3.33% $3,229
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.22% $4,599
    Citizens Bank 4 2.97% $3,471
    PLAZA HOME MORTGAGE, INC. 4 3.09% $6,053
    AMERICAN FINANCIAL NETWORK, INC. 4 3.28% $13,433
    JPMorgan Chase Bank 3 3.25% $2,184
    HOME POINT FINANCIAL CORPORATION 3 3.00% $3,917
    CALIBER HOME LOANS, INC. 3 3.29% $5,620
    LOANDEPOT.COM, LLC 3 3.38% $3,932
    EVERETT FINANCIAL, INC. 3 3.42% $2,135
    PARKSIDE LENDING, LLC 2 3.19% $4,000
    TIAA, FSB 2 2.81% $5,656
    The Lyons National Bank 2 3.13% $5,919
    U.S. Bank 2 3.00% $3,377
    FAMILY FIRST OF NY 2 3.38% $2,592
    RELIANT COMMUNITY FEDERAL CREDIT UNION 1 3.00% $2,758
    AMERICAN FINANCING CORPORATION 1 2.63% $1,387
    BETTER MORTGAGE CORPORATION 1 3.00% $6,765
    Carrington Mortgage Services, LLC 1 2.88% $3,945
    Citibank 1 2.88% $4,497
    Community Bank 1 3.75% $0
    CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $4,635
    Discover Bank 1 3.99% $0
    ENVOY MORTGAGE, LTD 1 3.25% $3,541
    FINANCE OF AMERICA MORTGAGE LLC 1 2.88% $4,061
    First United Bank and Trust Company 1 3.63% $3,217
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $4,549
    NAVY FEDERAL CREDIT UNION 1 3.00% $2,922
    ONTARIO SHORES 1 3.00% $2,367
    PENTAGON FEDERAL CREDIT UNION 1 2.88% $2,119
    Quontic Bank 1 5.75% $9,648
    ROYAL UNITED MORTGAGE LLC 1 4.25% $4,563

    Batavia Average Closing Costs & Other Stats

    Batavia, NY's 51 lenders originated 1,480 loans during 2021. The total origination value was $194,130,000, with an average loan value of $131,169.

    Batavia's average closing costs are $4,108.

    The top Batavia lender as defined by loan originations is Premium Mortgage Corporation, with 81 loans originated. Their average total fees are $2,987, which is $2,547 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Batavia lenders (with over 10 loans originated) are KeyBank ($2,551), Premium Mortgage Corporation ($2,987), ESL Federal Credit Union ($3,016), Five Star Bank ($3,270) and Genesee Regional Bank ($3,284).

    The lowest rate Batavia lenders (with over 10 loans originated) are ESL Federal Credit Union (2.95%), HUNT MORTGAGE CORPORATION (2.98%), KeyBank (3.01%), Five Star Bank (3.03%) and 1ST PRIORITY MORTGAGE, INC. (3.04%).

    Batavia, NY Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Premium Mortgage Corporation $23,970,000 $29,635,000 23.6% 15.3%
    QUICKEN LOANS, LLC $14,155,000 $21,905,000 54.8% 11.3%
    ESL Federal Credit Union $11,855,000 $18,770,000 58.3% 9.7%
    Manufacturers and Traders Trust Company $9,695,000 $15,440,000 59.3% 8.0%
    The Bank of Castile $7,030,000 $10,990,000 56.3% 5.7%
    KeyBank $10,040,000 $10,250,000 2.1% 5.3%
    Five Star Bank $10,130,000 $7,020,000 -30.7% 3.6%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $4,880,000 $6,545,000 34.1% 3.4%
    MOVEMENT MORTGAGE, LLC $1,970,000 $5,035,000 155.6% 2.6%
    1ST PRIORITY MORTGAGE, INC. $5,915,000 $4,380,000 -26.0% 2.3%
    HUNT MORTGAGE CORPORATION $2,735,000 $4,070,000 48.8% 2.1%
    Mr. Cooper ( Nationstar Mortgage ) $3,660,000 $3,760,000 2.7% 1.9%
    Genesee Regional Bank $2,430,000 $3,695,000 52.1% 1.9%
    Wells Fargo Bank $1,025,000 $3,035,000 196.1% 1.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,215,000 $3,030,000 149.4% 1.6%
    Alden State Bank $1,975,000 $2,655,000 34.4% 1.4%
    Northwest Bank $1,535,000 $2,625,000 71.0% 1.4%
    HOMESTEAD FUNDING CORP. $1,290,000 $2,280,000 76.7% 1.2%
    Farm Credit East, ACA $1,145,000 $2,185,000 90.8% 1.1%
    HOME TOWN FUNDING, INC. $1,860,000 $2,055,000 10.5% 1.1%
    Citizens Bank $2,080,000 $2,000,000 -3.8% 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,240,000 $1,900,000 53.2% 1.0%
    AMERICAN FINANCIAL NETWORK, INC. $445,000 $1,605,000 260.7% 0.8%
    Bank of America $1,770,000 $1,355,000 -23.4% 0.7%
    CALIBER HOME LOANS, INC. $655,000 $1,195,000 82.4% 0.6%
    CNB Bank $595,000 $1,170,000 96.6% 0.6%
    HOME POINT FINANCIAL CORPORATION $185,000 $1,165,000 529.7% 0.6%
    The Canandaigua National Bank and Trust Company $710,000 $1,150,000 62.0% 0.6%
    LOANDEPOT.COM, LLC $990,000 $1,105,000 11.6% 0.6%
    NEWREZ LLC $785,000 $1,090,000 38.9% 0.6%
    PLAZA HOME MORTGAGE, INC. $610,000 $1,045,000 71.3% 0.5%
    JPMorgan Chase Bank $565,000 $885,000 56.6% 0.5%
    FREEDOM MORTGAGE CORPORATION $815,000 n/a 0.4%
    Barrington Bank & Trust Company, N.A. $715,000 $800,000 11.9% 0.4%
    Community Bank $635,000 $780,000 22.8% 0.4%
    U.S. Bank $875,000 $780,000 -10.9% 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $655,000 $775,000 18.3% 0.4%
    ONTARIO SHORES $250,000 $745,000 198.0% 0.4%
    NAVY FEDERAL CREDIT UNION $285,000 $680,000 138.6% 0.4%
    Lake Shore Savings Bank $325,000 $620,000 90.8% 0.3%
    RELIANCE FIRST CAPITAL, LLC $515,000 $605,000 17.5% 0.3%
    Mortgage Research Center, LLC $510,000 $585,000 14.7% 0.3%
    EVERETT FINANCIAL, INC. $2,905,000 $575,000 -80.2% 0.3%
    FINANCE OF AMERICA MORTGAGE LLC $365,000 $550,000 50.7% 0.3%
    FAMILY FIRST OF NY $1,090,000 $545,000 -50.0% 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $525,000 n/a 0.3%
    TIAA, FSB $500,000 n/a 0.3%
    GENESEE VALLEY $360,000 $495,000 37.5% 0.3%
    OWNERSCHOICE FUNDING, INCORPORATED $665,000 $495,000 -25.6% 0.3%
    The Lyons National Bank $420,000 $440,000 4.8% 0.2%
    THE SUMMIT Federal Credit Union $1,420,000 $430,000 -69.7% 0.2%
    Evans Bank $765,000 $420,000 -45.1% 0.2%
    Bank of Holland $55,000 $405,000 636.4% 0.2%
    PARAGON HOME LOANS INC. $470,000 $380,000 -19.1% 0.2%
    RELIANT COMMUNITY FEDERAL CREDIT UNION $380,000 n/a 0.2%
    First Savings Bank $365,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $165,000 $340,000 106.1% 0.2%
    BETTER MORTGAGE CORPORATION $320,000 n/a 0.2%
    LAND HOME FINANCIAL SERVICES, INC. $295,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $215,000 $275,000 27.9% 0.1%
    PARKSIDE LENDING, LLC $415,000 $260,000 -37.3% 0.1%
    ENVOY MORTGAGE, LTD $255,000 n/a 0.1%
    USAA Federal Savings Bank $690,000 $255,000 -63.0% 0.1%
    ROYAL UNITED MORTGAGE LLC $1,110,000 $245,000 -77.9% 0.1%
    PENTAGON FEDERAL CREDIT UNION $230,000 n/a 0.1%
    Pittsford Federal Credit Union $225,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $215,000 n/a 0.1%
    GUARANTEED RATE, INC. $65,000 $195,000 200.0% 0.1%
    St Joseph's Parish Buffalo Federal Credit Union $195,000 n/a 0.1%
    The Union Bank Company $195,000 n/a 0.1%
    Citibank $190,000 n/a 0.1%
    Discover Bank $35,000 $190,000 442.9% 0.1%
    TOTAL MORTGAGE SERVICES, LLC $175,000 n/a 0.1%
    Quontic Bank $165,000 n/a 0.1%
    Advantage Federal Credit Union $205,000 $145,000 -29.3% 0.1%
    STATE EMPLOYEES FEDERAL CREDIT UNION $235,000 $145,000 -38.3% 0.1%
    RESIDENTIAL MORTGAGE SERVICES, INC. $610,000 $135,000 -77.9% 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $150,000 $130,000 -13.3% 0.1%
    REVERSE MORTGAGE FUNDING LLC $125,000 n/a 0.1%
    Carrington Mortgage Services, LLC $470,000 $105,000 -77.7% 0.1%
    US MORTGAGE CORPORATION $105,000 n/a 0.1%
    First United Bank and Trust Company $75,000 n/a 0.0%
    Ballston Spa National Bank $45,000 n/a 0.0%
    FIRST CREDIT CORPORATION OF NEW YORK, INC. $120,000 $45,000 -62.5% 0.0%
    Flagstar Bank, FSB $165,000 $45,000 -72.7% 0.0%
    AMERICAN ADVISORS GROUP $110,000 $35,000 -68.2% 0.0%
    BayCoast Bank $35,000 $35,000 0.0% 0.0%
    Empower Federal Credit Union $75,000 $25,000 -66.7% 0.0%

    Batavia's top lender by overall market share is Premium Mortgage Corporation, with 15.3% market share. In second place, with 11.3%, is QUICKEN LOANS, LLC, having originated $21,905,000 in loans. In third place, with 9.7%, is ESL Federal Credit Union, having originated $18,770,000 in loans. In fourth place, with 8.0%, is Manufacturers and Traders Trust Company, having originated $15,440,000 in loans. In fifth place, with 5.7%, is The Bank of Castile, having originated $10,990,000 in loans.

    Batavia Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Batavia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $102,425 (-5.8%) $122,233 (-8.5%) 0.00 119
    2018-02-01 $101,450 (-9.7%) $124,056 (-7.5%) 0.00 105
    2018-03-01 $110,950 (-2.4%) $132,042 (-3.8%) 0.00 88
    2018-04-01 $113,675 (3.3%) $131,989 (-2.4%) 0.00 88
    2018-05-01 $116,175 (-6.6%) $136,743 (-1.6%) 0.00 94
    2018-06-01 $114,900 (-8.4%) $138,754 (-4.7%) 0.00 106
    2018-07-01 $114,900 (-8.0%) $139,508 (-7.4%) 0.00 121
    2018-08-01 $119,000 (-0.1%) $144,011 (0.0%) 0.00 137
    2018-09-01 $119,900 (4.4%) $148,054 (4.4%) 0.00 127
    2018-10-01 $113,900 (-0.4%) $141,416 (2.7%) 0.00 110
    2018-11-01 $102,450 (-10.3%) $140,188 (3.2%) 0.00 94
    2018-12-01 $102,500 (-10.8%) $140,960 (4.6%) 0.00 74
    2019-01-01 $97,225 (-5.1%) $135,698 (11.0%) 0.00 74
    2019-02-01 $98,225 (-3.2%) $127,905 (3.1%) 0.00 79
    2019-03-01 $103,171 (-7.0%) $137,004 (3.8%) 0.00 73
    2019-04-01 $113,650 (0.0%) $149,072 (12.9%) 0.00 65
    2019-05-01 $141,725 (22.0%) $164,156 (20.1%) 0.00 72
    2019-06-01 $154,900 (34.8%) $186,613 (34.5%) 0.00 67
    2019-07-01 $167,400 (45.7%) $210,172 (50.7%) 0.00 71
    2019-08-01 $162,627 (36.7%) $199,858 (38.8%) 0.00 88
    2019-09-01 $166,718 (39.1%) $198,281 (33.9%) 0.00 96
    2019-10-01 $169,445 (48.8%) $196,267 (38.8%) 0.00 102
    2019-11-01 $157,000 (53.3%) $191,813 (36.8%) 0.00 89
    2019-12-01 $142,950 (39.5%) $177,219 (25.7%) 0.00 74
    2020-01-01 $149,150 (53.4%) $182,930 (34.8%) 0.00 69
    2020-02-01 $139,900 (42.4%) $183,007 (43.1%) 0.00 66
    2020-03-01 $149,900 (45.3%) $198,431 (44.8%) 0.00 55
    2020-04-01 $149,900 (31.9%) $204,160 (37.0%) 0.00 49
    2020-05-01 $149,900 (5.8%) $209,324 (27.5%) 0.00 45
    2020-06-01 $162,200 (4.7%) $204,630 (9.7%) 0.00 55
    2020-07-01 $185,975 (11.1%) $217,130 (3.3%) 0.00 52
    2020-08-01 $179,950 (10.7%) $211,078 (5.6%) 0.00 57
    2020-09-01 $154,900 (-7.1%) $186,409 (-6.0%) 0.00 63
    2020-10-01 $149,900 (-11.5%) $186,557 (-5.0%) 0.00 68
    2020-11-01 $153,675 (-2.1%) $192,455 (0.3%) 0.00 52
    2020-12-01 $142,725 (-0.2%) $180,909 (2.1%) 0.00 38
    2021-01-01 $142,000 (-4.8%) $169,597 (-7.3%) 0.00 30
    2021-02-01 $147,450 (5.4%) $185,210 (1.2%) 0.00 33
    2021-03-01 $143,650 (-4.2%) $192,128 (-3.2%) 0.00 33
    2021-04-01 $146,175 (-2.5%) $173,083 (-15.2%) 0.00 25
    2021-05-01 $174,900 (16.7%) $207,904 (-0.7%) 0.00 33
    2021-06-01 $177,450 (9.4%) $219,168 (7.1%) 0.00 51
    2021-07-01 $179,900 (-3.3%) $225,733 (4.0%) 0.00 57
    2021-08-01 $179,800 (-0.1%) $228,290 (8.2%) 0.00 64
    2021-09-01 $169,900 (9.7%) $216,685 (16.2%) 0.00 58
    2021-10-01 $171,999 (14.7%) $237,978 (27.6%) 0.00 57
    2021-11-01 $179,700 (16.9%) $229,255 (19.1%) 0.00 46
    2021-12-01 $186,225 (30.5%) $256,879 (42.0%) 0.00 31
    2022-01-01 $179,900 (26.7%) $253,337 (49.4%) 0.00 26
    2022-02-01 $172,450 (17.0%) $241,658 (30.5%) 0.00 28
    2022-03-01 $171,200 (19.2%) $250,402 (30.3%) 0.00 26
    2022-04-01 $174,900 (19.7%) $229,562 (32.6%) 0.00 26
    2022-05-01 $173,650 (-0.7%) $225,975 (8.7%) 0.00 37
    2022-06-01 $193,425 (9.0%) $256,746 (17.2%) 0.00 43
    2022-07-01 $199,900 (11.1%) $264,329 (17.1%) 0.00 54
    2022-08-01 $174,675 (-2.9%) $240,580 (5.4%) 0.00 56
    2022-09-01 $183,675 (8.1%) $233,581 (7.8%) 0.00 62
    2022-10-01 $174,900 (1.7%) $222,266 (-6.6%) 0.00 59
    2022-11-01 $182,175 (1.4%) $226,922 (-1.0%) 0.00 48
    2022-12-01 $174,950 (-6.1%) $199,244 (-22.4%) 0.00 34
    2023-01-01 $177,400 (-1.4%) $201,208 (-20.6%) 0.00 28
    2023-02-01 $135,125 (-21.6%) $186,443 (-22.9%) 0.00 23
    Batavia's median listing price for 2023-02-01 was $135,125, a difference of $-37,325 (-21.6%) versus the prior year and $-42,275 versus the prior month.

    Batavia's median listing price comes in at 0% of the national average.

    Batavia's average listing price for 2023-02-01 was $186,443, a difference of $-55,215 (-22.9%) versus the prior year and $-14,765 versus the prior month.

    For the 2023-02-01 period, Batavia had 23 MLS listings, a difference of -5 listings (-18%) versus the prior month and -5 listings (-18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Batavia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,530 sqft
    2018-02-01 0 days 1,492 sqft
    2018-03-01 0 days 1,466 sqft
    2018-04-01 0 days 1,455 sqft
    2018-05-01 0 days 1,529 sqft
    2018-06-01 0 days 1,553 sqft
    2018-07-01 0 days 1,536 sqft
    2018-08-01 0 days 1,626 sqft
    2018-09-01 0 days 1,700 sqft
    2018-10-01 0 days 1,609 sqft
    2018-11-01 0 days 1,568 sqft
    2018-12-01 0 days 1,551 sqft
    2019-01-01 0 days 1,542 sqft
    2019-02-01 0 days 1,524 sqft
    2019-03-01 0 days 1,521 sqft
    2019-04-01 0 days 1,544 sqft
    2019-05-01 0 days 1,654 sqft
    2019-06-01 0 days 1,719 sqft
    2019-07-01 0 days 1,745 sqft
    2019-08-01 0 days 1,720 sqft
    2019-09-01 0 days 1,725 sqft
    2019-10-01 0 days 1,727 sqft
    2019-11-01 0 days 1,690 sqft
    2019-12-01 0 days 1,673 sqft
    2020-01-01 0 days 1,671 sqft
    2020-02-01 0 days 1,673 sqft
    2020-03-01 0 days 1,756 sqft
    2020-04-01 0 days 1,718 sqft
    2020-05-01 0 days 1,688 sqft
    2020-06-01 0 days 1,688 sqft
    2020-07-01 0 days 1,650 sqft
    2020-08-01 0 days 1,709 sqft
    2020-09-01 0 days 1,657 sqft
    2020-10-01 0 days 1,568 sqft
    2020-11-01 0 days 1,617 sqft
    2020-12-01 0 days 1,534 sqft
    2021-01-01 0 days 1,496 sqft
    2021-02-01 0 days 1,623 sqft
    2021-03-01 0 days 1,556 sqft
    2021-04-01 0 days 1,440 sqft
    2021-05-01 0 days 1,660 sqft
    2021-06-01 0 days 1,556 sqft
    2021-07-01 0 days 1,740 sqft
    2021-08-01 0 days 1,547 sqft
    2021-09-01 0 days 1,611 sqft
    2021-10-01 0 days 1,716 sqft
    2021-11-01 0 days 1,726 sqft
    2021-12-01 0 days 1,691 sqft
    2022-01-01 0 days 1,648 sqft
    2022-02-01 0 days 1,605 sqft
    2022-03-01 0 days 1,660 sqft
    2022-04-01 0 days 1,664 sqft
    2022-05-01 0 days 1,584 sqft
    2022-06-01 0 days 1,663 sqft
    2022-07-01 0 days 1,602 sqft
    2022-08-01 0 days 1,583 sqft
    2022-09-01 0 days 1,532 sqft
    2022-10-01 0 days 1,596 sqft
    2022-11-01 0 days 1,653 sqft
    2022-12-01 0 days 1,607 sqft
    2023-01-01 0 days 1,520 sqft
    2023-02-01 0 days 1,388 sqft
    Batavia's median listing age (time on market) for 2023-02-01 was 0 days.

    Batavia's median square footage for active listings during the 2023-02-01 period was 1,388 sqft. One year prior, the average listing was 1,605 sqft.

    Batavia, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 598 $94,610,000 $158,211
    Refi 389 $49,035,000 $126,054
    Cash Out Refi 263 $37,045,000 $140,856
    Home Improvement 135 $7,465,000 $55,296
    Other 95 $5,975,000 $62,895

    Batavia's most frequently cited loan purpose was Home Purchase, with 598 originations. The 2nd most popular reason was Refi, with 389 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 529 $70,935,000 $134,093
    2.5-3% 498 $73,100,000 $146,787
    <2.5% 244 $27,000,000 $110,656
    4-5% 54 $4,900,000 $90,741
    5-6% 24 $1,520,000 $63,333
    6-7% 12 $450,000 $37,500
    7-8% 4 $230,000 $57,500
    Over 8% 4 $160,000 $40,000

    During 2021, Batavia's most frequently originated rate bucket was 3-4%, with 529 originations.

    Loan Sizing (Batavia, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 733 $102,935,000 $140,430
    $100,000 or less 532 $32,470,000 $61,034
    $200k-400k 205 $52,765,000 $257,390
    $400k-600k 7 $3,435,000 $490,714
    $600k-1000k 2 $1,310,000 $655,000
    $Over $1MM 1 $1,215,000 $1,215,000

    Batavia's loan sizing saw the bucket of loans from $100k-200k with 733 originations, totaling $102,935,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 542 $88,210,000 $162,749
    60-80% 386 $55,950,000 $144,948
    40-60% 186 $19,320,000 $103,871
    20-40% 149 $8,565,000 $57,483
    Under 20% 89 $2,375,000 $26,685
    Over 100% 11 $2,895,000 $263,182

    Batavia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 542 originations, totaling $88,210,000 in origination value.