Batavia Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Batavia averaged 6.56% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

The average rate for the prior week (2024-12-05) was 6.65% and one month ago for the week of 2024-11-07, the average rate was 6.55%.

Batavia's average rate one year ago was 6.79%.

For refis of the same type during the week of 2024-12-12, the average rate was 6.6%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Premium Mortgage Corporation 69 6.79% $3,755
M&T Bank 24 6.77% $4,215
QUICKEN LOANS, LLC 20 7.13% $5,735
Five Star Bank 18 6.42% $3,703
Genesee Regional Bank 16 7.05% $4,643
UNITED WHOLESALE MORTGAGE, LLC 14 7.04% $7,425
Tompkins Trust Company 14 6.43% $3,464
KeyBank 12 6.45% $3,793
1ST PRIORITY MORTGAGE, INC. 10 6.49% $4,412
ESL Federal Credit Union 9 6.69% $3,576
HUNT MORTGAGE CORPORATION 9 6.71% $5,225
PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.75% $5,516
MOVEMENT MORTGAGE, LLC 6 6.51% $5,016
CROSSCOUNTRY MORTGAGE, LLC 6 6.48% $5,954
Farm Credit East, ACA 5 7.51% $9,449
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.70% $5,324
Community Bank 5 7.25% $877
Bank of America 4 6.72% $2,917
Evans Bank 3 6.54% $3,379
FAMILY FIRST OF NY 2 6.88% $3,443
HOMESTEAD FUNDING CORP. 2 6.94% $3,565
JPMorgan Chase Bank 2 7.00% $5,079
NEWREZ LLC 2 6.68% $5,152
ROYAL UNITED MORTGAGE LLC 2 7.44% $6,952
NAVY FEDERAL CREDIT UNION 1 7.88% $5,317
NETWORK CAPITAL FUNDING CORPORATION 1 7.63% $5,953
Citizens Bank 1 7.38% $3,919
North American Savings Bank, F.S.B. 1 6.88% $4,670
Northwest Bank 1 6.38% $2,368
ONTARIO SHORES 1 6.38% $2,355
Paramount Bank 1 7.13% $4,325
PENNYMAC LOAN SERVICES, LLC 1 6.99% $4,178
PHH Mortgage Corporation 1 7.63% $5,429
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.88% $6,190
HOME TOWN FUNDING, INC. 1 7.25% $2,872
EVERETT FINANCIAL, INC. 1 8.13% $6,728
RELIANCE FIRST CAPITAL, LLC 1 6.13% $5,594
USAA Federal Savings Bank 1 6.88% $4,970
SEFCU SERVICES, LLC 1 7.00% $4,067
The Lyons National Bank 1 5.25% $2,022
Empower Federal Credit Union 1 5.88% $6,330
Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $5,063
Moog Employees Federal Credit Union 1 6.80% $4,105

Batavia Average Closing Costs & Other Stats

Batavia, NY's 43 lenders originated 919 loans during 2023. The total origination value was $140,125,000, with an average loan value of $152,476.

Batavia's average closing costs are $4,466.

The top Batavia lender as defined by loan originations is Premium Mortgage Corporation, with 69 loans originated. Their average total fees are $3,755, which is $459 lower than the next largest lender, M&T Bank.

The lowest fee Batavia lenders (with over 10 loans originated) are Tompkins Trust Company ($3,464), Five Star Bank ($3,703), Premium Mortgage Corporation ($3,755), KeyBank ($3,793) and M&T Bank ($4,215).

The lowest rate Batavia lenders (with over 10 loans originated) are Five Star Bank (6.42%), Tompkins Trust Company (6.43%), KeyBank (6.45%), 1ST PRIORITY MORTGAGE, INC. (6.49%) and M&T Bank (6.77%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Premium Mortgage Corporation $26,045,000 $18,575,000 -28.7% 13.3%
Tompkins Trust Company $5,885,000 $12,670,000 115.3% 9.0%
ESL Federal Credit Union $15,910,000 $12,110,000 -23.9% 8.6%
Five Star Bank $5,735,000 $11,170,000 94.8% 8.0%
M&T Bank $10,915,000 $9,625,000 -11.8% 6.9%
M&T Realty Capital Corporation $9,585,000 n/a 6.8%
QUICKEN LOANS, LLC $12,140,000 $7,435,000 -38.8% 5.3%
Truist $75,000 $5,135,000 6,746.7% 3.7%
UNITED WHOLESALE MORTGAGE, LLC $2,810,000 $5,055,000 79.9% 3.6%
Genesee Regional Bank $4,475,000 $2,885,000 -35.5% 2.1%
KeyBank $7,945,000 $2,755,000 -65.3% 2.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $5,330,000 $2,755,000 -48.3% 2.0%
1ST PRIORITY MORTGAGE, INC. $5,595,000 $2,740,000 -51.0% 2.0%
CROSSCOUNTRY MORTGAGE, LLC $1,305,000 $2,110,000 61.7% 1.5%
Farm Credit East, ACA $1,575,000 $1,980,000 25.7% 1.4%
Alden State Bank $5,405,000 $1,895,000 -64.9% 1.4%
HUNT MORTGAGE CORPORATION $5,175,000 $1,730,000 -66.6% 1.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,705,000 $1,630,000 -4.4% 1.2%
Northwest Bank $1,390,000 $1,565,000 12.6% 1.1%
HOME TOWN FUNDING, INC. $2,915,000 $1,495,000 -48.7% 1.1%
Bank of America $2,110,000 $1,430,000 -32.2% 1.0%
MOVEMENT MORTGAGE, LLC $2,825,000 $1,345,000 -52.4% 1.0%
Mortgage Research Center, LLC $1,740,000 $1,275,000 -26.7% 0.9%
Citizens Bank $1,895,000 $1,150,000 -39.3% 0.8%
Community Bank $580,000 $1,085,000 87.1% 0.8%
HOMESTEAD FUNDING CORP. $1,540,000 $900,000 -41.6% 0.6%
USAA Federal Savings Bank $440,000 $875,000 98.9% 0.6%
CNB Bank $1,535,000 $835,000 -45.6% 0.6%
PENNYMAC LOAN SERVICES, LLC $115,000 $815,000 608.7% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $1,625,000 $770,000 -52.6% 0.5%
The Canandaigua National Bank and Trust Company $6,860,000 $735,000 -89.3% 0.5%
NEWREZ LLC $675,000 n/a 0.5%
THE SUMMIT Federal Credit Union $895,000 $665,000 -25.7% 0.5%
Evans Bank $805,000 $620,000 -23.0% 0.4%
EVERETT FINANCIAL, INC. $3,130,000 $610,000 -80.5% 0.4%
FAMILY FIRST OF NY $685,000 $605,000 -11.7% 0.4%
Lake Shore Savings Bank $595,000 $590,000 -0.8% 0.4%
Discover Bank $570,000 n/a 0.4%
FREEDOM MORTGAGE CORPORATION $455,000 $560,000 23.1% 0.4%
ONTARIO SHORES $35,000 $465,000 1,228.6% 0.3%
RELIANCE FIRST CAPITAL, LLC $415,000 $465,000 12.0% 0.3%
PLAZA HOME MORTGAGE, INC. $855,000 $455,000 -46.8% 0.3%
NAVY FEDERAL CREDIT UNION $1,290,000 $435,000 -66.3% 0.3%
Moog Employees Federal Credit Union $410,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $545,000 $400,000 -26.6% 0.3%
The Lyons National Bank $1,335,000 $395,000 -70.4% 0.3%
Bethpage Federal Credit Union $385,000 n/a 0.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $360,000 n/a 0.3%
CMG MORTGAGE, INC. $325,000 n/a 0.2%
GENESEE VALLEY $170,000 $300,000 76.5% 0.2%
21ST MORTGAGE CORPORATION $605,000 $295,000 -51.2% 0.2%
Wells Fargo Bank $1,315,000 $230,000 -82.5% 0.2%
Bank of Holland $440,000 $225,000 -48.9% 0.2%
JPMorgan Chase Bank $710,000 $220,000 -69.0% 0.2%
Barrington Bank & Trust Company, N.A. $500,000 $215,000 -57.0% 0.2%
Cornerstone Community Federal Credit Union $105,000 $210,000 100.0% 0.1%
Empower Federal Credit Union $35,000 $210,000 500.0% 0.1%
TRIAD FINANCIAL SERVICES, INC. $130,000 $200,000 53.8% 0.1%
US MORTGAGE CORPORATION $195,000 n/a 0.1%
Advantage Federal Credit Union $590,000 $190,000 -67.8% 0.1%
Flagstar Bank, FSB $495,000 $175,000 -64.6% 0.1%
LONGBRIDGE FINANCIAL, LLC $175,000 n/a 0.1%
SEFCU SERVICES, LLC $140,000 $155,000 10.7% 0.1%
CORNING $150,000 n/a 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $45,000 $150,000 233.3% 0.1%
The Upstate National Bank $145,000 n/a 0.1%
Western Division FCU $510,000 $145,000 -71.6% 0.1%
First Federal Bank $265,000 $135,000 -49.1% 0.1%
NETWORK CAPITAL FUNDING CORPORATION $125,000 n/a 0.1%
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. $115,000 n/a 0.1%
PHH Mortgage Corporation $115,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $105,000 n/a 0.1%
North American Savings Bank, F.S.B. $105,000 n/a 0.1%
Paramount Bank $105,000 n/a 0.1%
Brighton Bank $95,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $795,000 $95,000 -88.1% 0.1%
NBT Bank $85,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.0%
U.S. Bank $115,000 $55,000 -52.2% 0.0%
STATE EMPLOYEES FEDERAL CREDIT UNION $155,000 $35,000 -77.4% 0.0%
Northwest Federal Credit Union $25,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $160,000 $25,000 -84.4% 0.0%

Batavia's top lender by overall market share is Premium Mortgage Corporation, with 13.3% market share. In second place, with 9.0%, is Tompkins Trust Company, having originated $12,670,000 in loans. In third place, with 8.6%, is ESL Federal Credit Union, having originated $12,110,000 in loans. In fourth place, with 8.0%, is Five Star Bank, having originated $11,170,000 in loans. In fifth place, with 6.9%, is M&T Bank, having originated $9,625,000 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%) $135,943 (-2.2%) 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 (-0.8%) $144,011 (0.0%) 0.00 137
2018-09-01 $119,900 (4.4%) $148,054 (4.3%) 0.00 127
2018-10-01 $113,900 (-0.9%) $141,416 (2.6%) 0.00 110
2018-11-01 $102,450 (-10.8%) $140,188 (3.1%) 0.00 94
2018-12-01 $102,500 (-10.8%) $140,960 (4.5%) 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 (20.8%) 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 $153,450 (49.8%) $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 (0.2%) $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
2023-03-01 $157,450 (-8.0%) $215,522 (-13.9%) 0.00 29
2023-04-01 $199,900 (14.3%) $234,107 (2.0%) 0.00 21
2023-05-01 $186,725 (7.5%) $233,973 (3.5%) 0.00 30
2023-06-01 $176,150 (-8.9%) $241,389 (-6.0%) 0.00 41
2023-07-01 $224,500 (12.3%) $280,404 (6.1%) 0.00 43
2023-08-01 $204,900 (17.3%) $266,809 (10.9%) 0.00 49
2023-09-01 $199,900 (8.8%) $256,362 (9.8%) 0.00 51
2023-10-01 $194,925 (11.5%) $249,296 (12.2%) 0.00 50
2023-11-01 $179,450 (-1.5%) $218,875 (-3.6%) 0.00 43
2023-12-01 $192,500 (10.0%) $295,214 (48.2%) 0.00 34
2024-01-01 $211,175 (19.0%) $330,944 (64.5%) 0.00 41
2024-02-01 $213,225 (57.8%) $352,684 (89.2%) 0.00 36
2024-03-01 $239,900 (52.4%) $344,465 (59.8%) 0.00 37
2024-04-01 $236,150 (18.1%) $328,298 (40.2%) 0.00 38
2024-05-01 $294,675 (57.8%) $395,361 (69.0%) 0.00 42
2024-06-01 $249,450 (41.6%) $364,142 (50.9%) 0.00 54
2024-07-01 $246,200 (9.7%) $334,165 (19.2%) 0.00 55
2024-08-01 $239,900 (17.1%) $338,840 (27.0%) 0.00 54
2024-09-01 $244,725 (22.4%) $333,593 (30.1%) 0.00 51
2024-10-01 $242,475 (24.4%) $332,786 (33.5%) 0.00 54
2024-11-01 $229,000 (27.6%) $320,579 (46.5%) 0.00 61
Batavia's median listing price for 2024-11-01 was $229,000, a difference of $49,550 (27.6%) versus the prior year and $-13,475 versus the prior month.

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

Batavia's average listing price for 2024-11-01 was $320,579, a difference of $101,704 (46.5%) versus the prior year and $-12,207 versus the prior month.

For the 2024-11-01 period, Batavia had 61 MLS listings, a difference of 7 listings (13%) versus the prior month and 18 listings (42%) 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 1,520 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 1,682 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 1,593 sqft
2022-06-01 0 days 1,675 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
2023-03-01 0 days 1,506 sqft
2023-04-01 0 days 1,605 sqft
2023-05-01 0 days 1,510 sqft
2023-06-01 0 days 1,563 sqft
2023-07-01 0 days 1,807 sqft
2023-08-01 0 days 1,608 sqft
2023-09-01 0 days 1,592 sqft
2023-10-01 0 days 1,558 sqft
2023-11-01 0 days 1,499 sqft
2023-12-01 0 days 1,620 sqft
2024-01-01 0 days 1,710 sqft
2024-02-01 0 days 1,690 sqft
2024-03-01 0 days 1,690 sqft
2024-04-01 0 days 1,585 sqft
2024-05-01 0 days 1,698 sqft
2024-06-01 0 days 1,710 sqft
2024-07-01 0 days 1,674 sqft
2024-08-01 0 days 1,640 sqft
2024-09-01 0 days 1,689 sqft
2024-10-01 0 days 1,759 sqft
2024-11-01 0 days 1,706 sqft
Batavia's median listing age (time on market) for 2024-11-01 was 0 days.

Batavia's median square footage for active listings during the 2024-11-01 period was 1,706 sqft. One year prior, the average listing was 1,499 sqft.

Batavia, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 416 $91,700,000 $220,433
Home Improvement 177 $10,895,000 $61,554
Other 135 $9,635,000 $71,370
Refi 113 $16,075,000 $142,257
Cash Out Refi 78 $11,820,000 $151,538

Batavia's most frequently cited loan purpose was Home Purchase, with 416 originations. The 2nd most popular reason was Home Improvement, with 177 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 333 $51,425,000 $154,429
7-8% 200 $34,090,000 $170,450
Over 8% 138 $13,670,000 $99,058
4-5% 95 $6,095,000 $64,158
5-6% 69 $17,035,000 $246,884
3-4% 43 $4,655,000 $108,256
<2.5% 3 $295,000 $98,333

During 2023, Batavia's most frequently originated rate bucket was 6-7%, with 333 originations.

Loan Sizing (Batavia, NY MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 390 $21,270,000 $54,538
$100k-200k 368 $52,940,000 $143,859
$200k-400k 148 $39,070,000 $263,986
$400k-600k 8 $3,950,000 $493,750
$Over $1MM 4 $22,130,000 $5,532,500
$600k-1000k 1 $765,000 $765,000

Batavia's loan sizing saw the bucket of loans from $100,000 or less with 390 originations, totaling $21,270,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 325 $60,565,000 $186,354
20-40% 174 $14,470,000 $83,161
60-80% 165 $26,565,000 $161,000
Under 20% 110 $3,440,000 $31,273
40-60% 95 $19,595,000 $206,263
Over 100% 11 $2,275,000 $206,818

Batavia's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 325 originations, totaling $60,565,000 in origination value.