Hudson Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Hudson averaged 6.55% for the week of 2024-06-20, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-06-13) was 6.63% and one month ago for the week of 2024-05-16, the average rate was 6.7%.

Hudson's average rate one year ago was 6.37%.

For refis of the same type during the week of 2024-06-20, the average rate was 6.97%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-20 6.87%
Hudson 30 Year Fixed Rate 2024-06-20 6.55%
Hudson 30 Year Fixed Rate Refi 2024-06-20 6.97%
Hudson 15 Year Fixed Rate 2024-06-20 6.03%
Hudson 15 Year Fixed Rate Refi 2024-06-20 6.23%
Hudson 30 Year FHA 2024-06-20 -0.1%
Hudson 30 Year FHA Refi 2024-06-20 -0.1%
Hudson 30 Year USDA 2024-06-20 -0.2%
Hudson 30 Year USDA Refi 2024-06-20 0.2%
Hudson 30 Year VA 2024-06-20 0.2%
Hudson 30 Year VA Refi 2024-06-20 0.2%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hudson, NY.

Hudson 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 Hudson, 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
HOMESTEAD FUNDING CORP. 74 6.33% $5,820
GUARANTEED RATE, INC. 41 6.73% $6,596
QUICKEN LOANS, LLC 22 7.05% $8,705
The Bank of Greene County 17 6.56% $8,207
KeyBank 17 6.79% $3,673
JPMorgan Chase Bank 16 6.51% $7,296
SEFCU SERVICES, LLC 16 5.40% $4,551
GREYLOCK 12 5.68% $4,146
UNITED WHOLESALE MORTGAGE, LLC 9 6.64% $8,533
Ulster Savings Bank 9 6.47% $6,333
Bethpage Federal Credit Union 7 6.86% $4,781
NBT Bank 7 6.16% $8,282
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 7.04% $9,384
TrustCo Bank 6 6.56% $3,960
Bank of America 6 6.15% $7,679
SUNMARK FEDERAL CREDIT UNION 6 6.39% $5,838
Citibank 5 5.20% $4,992
CROSSCOUNTRY MORTGAGE, LLC 5 6.93% $9,592
TD Bank 4 6.25% $6,126
NEWREZ LLC 4 6.47% $5,827
Berkshire Bank 4 6.28% $5,064
U.S. Bank 4 5.63% $17,778
Wells Fargo Bank 4 6.53% $12,517
Citizens Bank 3 6.00% $7,239
PENNYMAC LOAN SERVICES, LLC 3 6.67% $4,175
Community Bank 3 7.46% $3,024
M&T Bank 3 7.00% $6,857
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.33% $6,447
HUDSON VALLEY CREDIT UNION 3 6.58% $4,519
EMBRACE HOME LOANS, INC. 2 6.99% $5,750
LOANDEPOT.COM, LLC 2 7.06% $9,300
MOVEMENT MORTGAGE, LLC 2 5.91% $6,943
Adams Community Bank 2 5.25% $6,689
CARDINAL FINANCIAL 2 6.94% $10,386
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 6.38% $7,744
Farm Credit East, ACA 2 8.25% $9,391
Morgan Stanley Private Bank 2 6.00% $10,225
NATIONWIDE MORTGAGE BANKERS, INC. 2 7.13% $13,912
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $8,152
ALLIED MORTGAGE GROUP, INC. 1 5.50% $26,427
Ally Bank 1 5.13% $10,022
AMERICAN FINANCIAL NETWORK, INC. 1 8.63% $20,939
BETTER MORTGAGE CORPORATION 1 5.88% $3,801
BNY Mellon 1 6.50% $4,950
Charles Schwab Bank, SSB 1 6.60% $4,006
City National Bank 1 5.53% $8,644
Commerce Bank 1 5.88% $3,838
CONTINENTAL MORTGAGE BANKERS, INC. 1 6.88% $10,780
CONTOUR MORTGAGE CORPORATION 1 7.13% $15,661
Fifth Third Bank 1 6.99% $9,958
First-Citizens Bank & Trust Company 1 6.00% $3,811
First Republic Bank 1 5.25% $7,786
FREEDOM MORTGAGE CORPORATION 1 7.88% $9,576
Goldman Sachs Bank USA 1 5.35% $5,155
GuardHill Financial Corp. 1 6.25% $6,131
GUIDANCE RESIDENTIAL, LLC 1 7.50% $7,819
HSBC BANK USA, NATIONAL ASSOCIATION 1 6.66% $5,519
Leader Bank 1 7.25% $5,603
MILLENIUM HOME MORTGAGE, LLC 1 7.88% $7,178
1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 6.63% $4,059
NORWICH COMMERCIAL GROUP, INC. 1 6.63% $10,304
PHH Mortgage Corporation 1 6.50% $9,907
PLAZA HOME MORTGAGE, INC. 1 6.38% $9,543
Raymond James Bank 1 6.00% $4,456
Stifel Bank and Trust 1 5.38% $7,648
TEG Federal Credit Union 1 5.75% $2,744
The Northern Trust Company 1 6.13% $11,154
Valley National Bank 1 5.75% $8,523

Hudson Average Closing Costs & Other Stats

Hudson, NY's 68 lenders originated 921 loans during 2023. The total origination value was $283,045,000, with an average loan value of $307,324.

Hudson's average closing costs are $5,352.

The top Hudson lender as defined by loan originations is HOMESTEAD FUNDING CORP., with 74 loans originated. Their average total fees are $5,820, which is $775 lower than the next largest lender, GUARANTEED RATE, INC..

The lowest fee Hudson lenders (with over 10 loans originated) are KeyBank ($3,673), GREYLOCK ($4,146), SEFCU SERVICES, LLC ($4,551), HOMESTEAD FUNDING CORP. ($5,820) and GUARANTEED RATE, INC. ($6,596).

The lowest rate Hudson lenders (with over 10 loans originated) are SEFCU SERVICES, LLC (5.40%), GREYLOCK (5.68%), HOMESTEAD FUNDING CORP. (6.33%), JPMorgan Chase Bank (6.51%) and The Bank of Greene County (6.56%).

Hudson, 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
HOMESTEAD FUNDING CORP. $50,465,000 $34,570,000 -31.5% 12.2%
The Bank of Greene County $44,790,000 $22,040,000 -50.8% 7.8%
GUARANTEED RATE, INC. $24,860,000 $18,490,000 -25.6% 6.5%
Lakeland Bank $16,255,000 n/a 5.7%
QUICKEN LOANS, LLC $21,160,000 $10,780,000 -49.1% 3.8%
Ulster Savings Bank $9,700,000 $8,965,000 -7.6% 3.2%
KeyBank $19,795,000 $8,165,000 -58.8% 2.9%
JPMorgan Chase Bank $24,040,000 $7,230,000 -69.9% 2.6%
STATE EMPLOYEES FEDERAL CREDIT UNION $10,730,000 $6,700,000 -37.6% 2.4%
SEFCU SERVICES, LLC $7,870,000 $6,695,000 -14.9% 2.4%
U.S. Bank $4,230,000 $6,285,000 48.6% 2.2%
Bank of America $8,670,000 $5,765,000 -33.5% 2.0%
TrustCo Bank $8,890,000 $5,720,000 -35.7% 2.0%
Citizens Bank $11,115,000 $5,655,000 -49.1% 2.0%
GREYLOCK $6,765,000 $5,550,000 -18.0% 2.0%
SUNMARK FEDERAL CREDIT UNION $7,385,000 $5,120,000 -30.7% 1.8%
Wells Fargo Bank $13,980,000 $4,345,000 -68.9% 1.5%
Salisbury Bank and Trust Company $9,015,000 $4,240,000 -53.0% 1.5%
UNITED WHOLESALE MORTGAGE, LLC $6,890,000 $4,210,000 -38.9% 1.5%
Community Bank $2,965,000 $4,150,000 40.0% 1.5%
HUDSON VALLEY CREDIT UNION $4,235,000 $4,050,000 -4.4% 1.4%
NBT Bank $1,135,000 $3,640,000 220.7% 1.3%
Berkshire Bank $4,130,000 $3,560,000 -13.8% 1.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $4,820,000 $3,430,000 -28.8% 1.2%
Bethpage Federal Credit Union $3,405,000 n/a 1.2%
CROSSCOUNTRY MORTGAGE, LLC $7,825,000 $3,305,000 -57.8% 1.2%
Citibank $3,655,000 $3,215,000 -12.0% 1.1%
Farm Credit East, ACA $1,885,000 $3,040,000 61.3% 1.1%
TD Bank $7,390,000 $2,845,000 -61.5% 1.0%
Rhinebeck Bank $1,245,000 $2,710,000 117.7% 1.0%
Pioneer Bank $2,070,000 $2,625,000 26.8% 0.9%
NEWREZ LLC $1,125,000 $2,405,000 113.8% 0.8%
Rondout Savings Bank $4,780,000 $2,340,000 -51.0% 0.8%
M&T Bank $3,340,000 $2,225,000 -33.4% 0.8%
Stifel Bank and Trust $2,360,000 $2,005,000 -15.0% 0.7%
The Northern Trust Company $155,000 $1,805,000 1,064.5% 0.6%
Sawyer Savings Bank $1,725,000 n/a 0.6%
HSBC BANK USA, NATIONAL ASSOCIATION $1,675,000 n/a 0.6%
Morgan Stanley Private Bank $6,995,000 $1,510,000 -78.4% 0.5%
PNC Bank $585,000 $1,495,000 155.6% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $770,000 $1,485,000 92.9% 0.5%
Lee Bank $1,720,000 $1,415,000 -17.7% 0.5%
The National Bank of Coxsackie $2,460,000 $1,375,000 -44.1% 0.5%
City National Bank $6,535,000 $1,255,000 -80.8% 0.4%
Flagstar Bank, FSB $510,000 $1,190,000 133.3% 0.4%
MID-HUDSON VALLEY $2,315,000 $1,145,000 -50.5% 0.4%
PLAZA HOME MORTGAGE, INC. $1,230,000 $1,130,000 -8.1% 0.4%
Raymond James Bank $1,795,000 $1,125,000 -37.3% 0.4%
NAVY FEDERAL CREDIT UNION $625,000 $970,000 55.2% 0.3%
EMBRACE HOME LOANS, INC. $960,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $955,000 n/a 0.3%
Adams Community Bank $7,105,000 $910,000 -87.2% 0.3%
Valley National Bank $955,000 $885,000 -7.3% 0.3%
NATIONWIDE MORTGAGE BANKERS, INC. $330,000 $780,000 136.4% 0.3%
UNITED NORTHERN MORTGAGE BANKERS LIMITED $1,070,000 $770,000 -28.0% 0.3%
BNY Mellon $1,270,000 $755,000 -40.6% 0.3%
FINANCE OF AMERICA REVERSE LLC $545,000 $740,000 35.8% 0.3%
Ballston Spa National Bank $215,000 $710,000 230.2% 0.3%
Fifth Third Bank $700,000 n/a 0.2%
Mr. Cooper ( Nationstar Mortgage ) $2,515,000 $700,000 -72.2% 0.2%
AMWEST FUNDING CORP. $665,000 n/a 0.2%
Charles Schwab Bank, SSB $1,795,000 $645,000 -64.1% 0.2%
LIMA ONE CAPITAL, LLC $245,000 $630,000 157.1% 0.2%
Commerce Bank $605,000 n/a 0.2%
Goldman Sachs Bank USA $585,000 n/a 0.2%
AMERICAN FINANCIAL NETWORK, INC. $575,000 n/a 0.2%
CONTINENTAL MORTGAGE BANKERS, INC. $565,000 n/a 0.2%
GuardHill Financial Corp. $375,000 $565,000 50.7% 0.2%
1ST 2ND MORTGAGE COMPANY OF N.J., INC. $545,000 n/a 0.2%
Leader Bank $535,000 n/a 0.2%
NORWICH COMMERCIAL GROUP, INC. $535,000 n/a 0.2%
CARDINAL FINANCIAL $580,000 $530,000 -8.6% 0.2%
CONTOUR MORTGAGE CORPORATION $515,000 n/a 0.2%
Discover Bank $370,000 $515,000 39.2% 0.2%
Plains Commerce Bank $515,000 n/a 0.2%
First Republic Bank $10,850,000 $505,000 -95.3% 0.2%
MOVEMENT MORTGAGE, LLC $900,000 $485,000 -46.1% 0.2%
LOANDEPOT.COM, LLC $3,875,000 $480,000 -87.6% 0.2%
LONGBRIDGE FINANCIAL, LLC $455,000 n/a 0.2%
Premium Mortgage Corporation $935,000 $430,000 -54.0% 0.2%
ALLIED MORTGAGE GROUP, INC. $425,000 n/a 0.2%
EMM LOANS LLC $425,000 n/a 0.2%
TEG Federal Credit Union $325,000 $425,000 30.8% 0.2%
A&D Mortgage LLC $390,000 $395,000 1.3% 0.1%
Community First National Bank $355,000 n/a 0.1%
QUORUM FEDERAL CREDIT UNION $310,000 n/a 0.1%
Hometown Equity Mortgage, LLC $295,000 n/a 0.1%
PHH Mortgage Corporation $305,000 $295,000 -3.3% 0.1%
FIRST ALLIANCE HOME MORTGAGE, LLC $285,000 n/a 0.1%
GUIDANCE RESIDENTIAL, LLC $285,000 n/a 0.1%
Logan Finance Corporation $275,000 n/a 0.1%
AMERICAN HERITAGE LENDING, INC. $265,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $2,320,000 $265,000 -88.6% 0.1%
Equity Prime Mortgage LLC $265,000 n/a 0.1%
The Federal Savings Bank $205,000 $265,000 29.3% 0.1%
First-Citizens Bank & Trust Company $255,000 n/a 0.1%
TOTAL MORTGAGE SERVICES, LLC $885,000 $255,000 -71.2% 0.1%
Mortgage Research Center, LLC $620,000 $245,000 -60.5% 0.1%
MILLENIUM HOME MORTGAGE, LLC $235,000 n/a 0.1%
FREEDOM MORTGAGE CORPORATION $1,230,000 $225,000 -81.7% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $980,000 $220,000 -77.6% 0.1%
UTILITIES EMPLOYEES CREDIT UNION $205,000 n/a 0.1%
Ally Bank $385,000 $195,000 -49.4% 0.1%
FIRST NEW YORK $1,065,000 $165,000 -84.5% 0.1%
FIRST SOURCE $165,000 n/a 0.1%
HUDSON HERITAGE $225,000 $160,000 -28.9% 0.1%
21ST MORTGAGE CORPORATION $220,000 $125,000 -43.2% 0.0%
CORNING $105,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $300,000 $105,000 -65.0% 0.0%
Chemung Canal Trust Company $2,400,000 $85,000 -96.5% 0.0%
Connexus Credit Union $55,000 n/a 0.0%
School Systems FCU $55,000 n/a 0.0%
XCEL Federal Credit Union $55,000 n/a 0.0%

Hudson's top lender by overall market share is HOMESTEAD FUNDING CORP., with 12.2% market share. In second place, with 7.8%, is The Bank of Greene County, having originated $22,040,000 in loans. In third place, with 6.5%, is GUARANTEED RATE, INC., having originated $18,490,000 in loans. In fourth place, with 5.7%, is Lakeland Bank, having originated $16,255,000 in loans. In fifth place, with 3.8%, is QUICKEN LOANS, LLC, having originated $10,780,000 in loans.

Hudson, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 435 $199,185,000 $457,897
Home Improvement 215 $24,695,000 $114,860
Refi 91 $26,455,000 $290,714
Other 90 $12,830,000 $142,556
Cash Out Refi 90 $19,880,000 $220,889

Hudson's most frequently cited loan purpose was Home Purchase, with 435 originations. The 2nd most popular reason was Home Improvement, with 215 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 346 $106,600,000 $308,092
7-8% 181 $47,215,000 $260,856
5-6% 154 $62,530,000 $406,039
Over 8% 129 $37,415,000 $290,039
4-5% 36 $7,280,000 $202,222
3-4% 20 $2,900,000 $145,000
<2.5% 13 $1,965,000 $151,154

During 2023, Hudson's most frequently originated rate bucket was 6-7%, with 346 originations.

Loan Sizing (Hudson, NY MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 307 $86,465,000 $281,645
$100,000 or less 220 $12,640,000 $57,455
$100k-200k 188 $26,810,000 $142,606
$400k-600k 114 $54,170,000 $475,175
$600k-1000k 68 $50,280,000 $739,412
$Over $1MM 24 $52,680,000 $2,195,000

Hudson's loan sizing saw the bucket of loans from $200k-400k with 307 originations, totaling $86,465,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 213 $83,205,000 $390,634
60-80% 194 $97,320,000 $501,649
Under 20% 175 $10,905,000 $62,314
20-40% 174 $28,370,000 $163,046
40-60% 112 $42,530,000 $379,732
Over 100% 10 $3,350,000 $335,000

Hudson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 213 originations, totaling $83,205,000 in origination value.