Batavia Mortgage Rates & Closing Costs
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%.
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.).
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. LouisDate | 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 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. LouisDate | 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 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.