Olean Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Olean averaged
6.16%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.18% and
one month ago for the week of 2023-04-20, the
average rate was 6.38%.
Olean's average rate one year ago was 4.84%.
For refis of the same type during the week of 2023-05-25, the average rate
was 6.67%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
Olean 30 Year Fixed Rate | 2023-05-25 | 6.16% |
Olean 30 Year Fixed Rate Refi | 2023-05-25 | 6.67% |
Olean 15 Year Fixed Rate | 2023-05-25 | 5.77% |
Olean 15 Year Fixed Rate Refi | 2023-05-25 | 5.97% |
Olean 30 Year FHA | 2023-05-25 | 6.07% |
Olean 30 Year FHA Refi | 2023-05-25 | 6.61% |
Olean 30 Year USDA | 2023-05-25 | 6.43% |
Olean 30 Year USDA Refi | 2023-05-25 | 6.43% |
Olean 30 Year VA | 2023-05-25 | 6.21% |
Olean 30 Year VA Refi | 2023-05-25 | 6.41% |
Olean 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 Olean, 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.).
Olean Average Closing Costs & Other Stats
Olean, NY's 49 lenders originated 1,066
loans during 2022. The total origination value was $175,970,000, with an average loan value of
$165,075.
Olean's average closing costs are $3,888.
The top Olean lender as defined by loan originations is Community Bank, with
66 loans originated. Their average total fees are
$698, which is $5,335
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Olean lenders (with over 10 loans originated) are
Community Bank ($698), Five Star Bank ($3,216), HOMESTEAD FUNDING CORP. ($3,538), Premium Mortgage Corporation ($4,389) and 1ST PRIORITY MORTGAGE, INC. ($4,427).
The lowest rate Olean lenders (with over 10 loans originated) are
KeyBank (4.04%), M&T Bank (4.68%), Premium Mortgage Corporation (4.70%), Northwest Bank (4.91%) and Five Star Bank (5.13%).
Olean, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Community Bank | $31,470,000 | $40,540,000 | 28.8% | 23.0% |
QUICKEN LOANS, LLC | $25,260,000 | $16,680,000 | -34.0% | 9.5% |
M&T Bank | $16,835,000 | $10,975,000 | -34.8% | 6.2% |
UNITED WHOLESALE MORTGAGE, LLC | $8,055,000 | $7,755,000 | -3.7% | 4.4% |
KeyBank | $9,575,000 | $7,225,000 | -24.5% | 4.1% |
Five Star Bank | $7,550,000 | $6,980,000 | -7.5% | 4.0% |
Northwest Bank | $8,310,000 | $5,850,000 | -29.6% | 3.3% |
Premium Mortgage Corporation | $8,475,000 | $4,880,000 | -42.4% | 2.8% |
Cattaraugus County Bank | $7,650,000 | $4,560,000 | -40.4% | 2.6% |
1ST PRIORITY MORTGAGE, INC. | $5,455,000 | $4,170,000 | -23.6% | 2.4% |
HOMESTEAD FUNDING CORP. | $5,430,000 | $4,125,000 | -24.0% | 2.3% |
CROSSCOUNTRY MORTGAGE, LLC | $1,050,000 | $4,005,000 | 281.4% | 2.3% |
CNB Bank | $1,885,000 | $3,455,000 | 83.3% | 2.0% |
EVERETT FINANCIAL, INC. | $1,155,000 | $3,380,000 | 192.6% | 1.9% |
Farm Credit East, ACA | $2,970,000 | $3,260,000 | 9.8% | 1.9% |
Mortgage Research Center, LLC | $3,480,000 | $2,795,000 | -19.7% | 1.6% |
Lake Shore Savings Bank | $375,000 | $2,440,000 | 550.7% | 1.4% |
HUNT MORTGAGE CORPORATION | $2,680,000 | $2,265,000 | -15.5% | 1.3% |
Citizens Bank | $2,565,000 | $1,940,000 | -24.4% | 1.1% |
Bank of Holland | $3,510,000 | $1,920,000 | -45.3% | 1.1% |
HOME TOWN FUNDING, INC. | $530,000 | $1,755,000 | 231.1% | 1.0% |
PARAGON HOME LOANS INC. | $5,235,000 | $1,675,000 | -68.0% | 1.0% |
Wells Fargo Bank | $2,515,000 | $1,660,000 | -34.0% | 0.9% |
Evans Bank | $2,810,000 | $1,605,000 | -42.9% | 0.9% |
The Juniata Valley Bank | $435,000 | $1,575,000 | 262.1% | 0.9% |
Alden State Bank | $625,000 | $1,570,000 | 151.2% | 0.9% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,830,000 | $1,570,000 | -14.2% | 0.9% |
MOVEMENT MORTGAGE, LLC | $1,950,000 | $1,510,000 | -22.6% | 0.9% |
RBC Bank, (Georgia) | $670,000 | $1,385,000 | 106.7% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $105,000 | $1,325,000 | 1,161.9% | 0.8% |
21ST MORTGAGE CORPORATION | $365,000 | $1,135,000 | 211.0% | 0.6% |
Bank of America | $3,075,000 | $1,130,000 | -63.3% | 0.6% |
FINANCE OF AMERICA MORTGAGE LLC | $990,000 | n/a | 0.6% | |
LOANDEPOT.COM, LLC | $2,845,000 | $955,000 | -66.4% | 0.5% |
TD Bank | $425,000 | $900,000 | 111.8% | 0.5% |
USAA Federal Savings Bank | $610,000 | $900,000 | 47.5% | 0.5% |
CALIBER HOME LOANS, INC. | $2,370,000 | $810,000 | -65.8% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $2,145,000 | $780,000 | -63.6% | 0.4% |
Barrington Bank & Trust Company, N.A. | $1,720,000 | $735,000 | -57.3% | 0.4% |
Western Division FCU | $725,000 | n/a | 0.4% | |
Dollar Bank, Federal Savings Bank | $615,000 | n/a | 0.3% | |
Flagstar Bank, FSB | $595,000 | n/a | 0.3% | |
Northpointe Bank | $570,000 | n/a | 0.3% | |
PLAZA HOME MORTGAGE, INC. | $605,000 | $545,000 | -9.9% | 0.3% |
Bank of England | $190,000 | $540,000 | 184.2% | 0.3% |
PNC Bank | $745,000 | $480,000 | -35.6% | 0.3% |
TEACHERS | $465,000 | n/a | 0.3% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $445,000 | n/a | 0.3% | |
Carrington Mortgage Services, LLC | $55,000 | $415,000 | 654.5% | 0.2% |
Tompkins Trust Company | $385,000 | n/a | 0.2% | |
Citibank | $375,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $945,000 | $375,000 | -60.3% | 0.2% |
RELIANCE FIRST CAPITAL, LLC | $405,000 | $360,000 | -11.1% | 0.2% |
Genesee Regional Bank | $885,000 | $355,000 | -59.9% | 0.2% |
FREEDOM MORTGAGE CORPORATION | $800,000 | $350,000 | -56.3% | 0.2% |
Empower Federal Credit Union | $260,000 | $320,000 | 23.1% | 0.2% |
HOME POINT FINANCIAL CORPORATION | $875,000 | $320,000 | -63.4% | 0.2% |
NBKC BANK | $310,000 | n/a | 0.2% | |
Chemung Canal Trust Company | $125,000 | $305,000 | 144.0% | 0.2% |
U.S. Bank | $245,000 | $295,000 | 20.4% | 0.2% |
The Upstate National Bank | $285,000 | n/a | 0.2% | |
THE SUMMIT Federal Credit Union | $280,000 | n/a | 0.2% | |
EMBRACE HOME LOANS, INC. | $235,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $45,000 | $235,000 | 422.2% | 0.1% |
NAVY FEDERAL CREDIT UNION | $1,075,000 | $220,000 | -79.5% | 0.1% |
The Canandaigua National Bank and Trust Company | $35,000 | $205,000 | 485.7% | 0.1% |
GUARANTEED RATE, INC. | $190,000 | n/a | 0.1% | |
MORTGAGE ACCESS CORP. | $185,000 | n/a | 0.1% | |
CCFCU FUNDING, LLC | $95,000 | $180,000 | 89.5% | 0.1% |
City National Bank | $175,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $295,000 | $155,000 | -47.5% | 0.1% |
SEFCU SERVICES, LLC | $155,000 | n/a | 0.1% | |
Discover Bank | $235,000 | $150,000 | -36.2% | 0.1% |
MLD MORTGAGE INC. | $145,000 | n/a | 0.1% | |
BUFFALO METROPOLITAN FEDERAL CREDIT UNION | $125,000 | n/a | 0.1% | |
PENNYMAC LOAN SERVICES, LLC | $105,000 | n/a | 0.1% | |
FIRST HERITAGE FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
OWNERSCHOICE FUNDING, INCORPORATED | $610,000 | $85,000 | -86.1% | 0.0% |
Ballston Spa National Bank | $75,000 | n/a | 0.0% | |
FIRST CREDIT CORPORATION OF NEW YORK, INC. | $70,000 | $75,000 | 7.1% | 0.0% |
STATE EMPLOYEES FEDERAL CREDIT UNION | $345,000 | $70,000 | -79.7% | 0.0% |
NEWREZ LLC | $1,075,000 | $55,000 | -94.9% | 0.0% |
AMERICU Credit Union | $205,000 | $45,000 | -78.0% | 0.0% |
SERVU FEDERAL CREDIT UNION | $290,000 | $45,000 | -84.5% | 0.0% |
CAPITAL COMMUNICATIONS Federal Credit Union | $35,000 | $25,000 | -28.6% | 0.0% |
Great Erie Federal Credit Union | $25,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
St Joseph's Parish Buffalo Federal Credit Union | $25,000 | n/a | 0.0% |
Olean's top lender by overall market share is Community Bank, with 23.0% market share. In second place, with 9.5%, is QUICKEN LOANS, LLC, having originated $16,680,000 in loans. In third place, with 6.2%, is M&T Bank, having originated $10,975,000 in loans. In fourth place, with 4.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $7,755,000 in loans. In fifth place, with 4.1%, is KeyBank, having originated $7,225,000 in loans.
Olean Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Olean (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 | $119,900 (1.2%) | $195,421 (7.9%) | 0.00 | 510 |
2018-02-01 | $124,950 (5.4%) | $205,276 (14.5%) | 0.00 | 495 |
2018-03-01 | $129,000 (7.6%) | $208,412 (11.7%) | 0.00 | 482 |
2018-04-01 | $126,475 (5.5%) | $205,997 (9.7%) | 0.00 | 476 |
2018-05-01 | $125,000 (4.2%) | $202,300 (8.2%) | 0.00 | 497 |
2018-06-01 | $124,450 (2.5%) | $201,141 (7.7%) | 0.00 | 537 |
2018-07-01 | $127,950 (2.9%) | $200,751 (7.0%) | 0.00 | 559 |
2018-08-01 | $126,100 (1.0%) | $196,875 (3.0%) | 0.00 | 571 |
2018-09-01 | $120,000 (-4.7%) | $191,557 (-2.5%) | 0.00 | 553 |
2018-10-01 | $121,225 (-2.9%) | $189,629 (-4.7%) | 0.00 | 539 |
2018-11-01 | $119,900 (-1.6%) | $186,119 (-7.1%) | 0.00 | 523 |
2018-12-01 | $119,900 (-1.6%) | $187,835 (-8.3%) | 0.00 | 478 |
2019-01-01 | $119,900 (0.0%) | $191,506 (-2.0%) | 0.00 | 444 |
2019-02-01 | $119,900 (-4.0%) | $195,272 (-4.9%) | 0.00 | 434 |
2019-03-01 | $139,900 (8.5%) | $214,169 (2.8%) | 0.00 | 397 |
2019-04-01 | $149,450 (18.2%) | $220,052 (6.8%) | 0.00 | 377 |
2019-05-01 | $145,950 (16.8%) | $214,825 (6.2%) | 0.00 | 382 |
2019-06-01 | $144,900 (16.4%) | $211,615 (5.2%) | 0.00 | 408 |
2019-07-01 | $139,900 (9.3%) | $206,967 (3.1%) | 0.00 | 426 |
2019-08-01 | $144,900 (14.9%) | $209,431 (6.4%) | 0.00 | 419 |
2019-09-01 | $144,975 (20.8%) | $210,298 (9.8%) | 0.00 | 416 |
2019-10-01 | $141,950 (17.1%) | $210,355 (10.9%) | 0.00 | 424 |
2019-11-01 | $131,950 (10.1%) | $206,454 (10.9%) | 0.00 | 405 |
2019-12-01 | $135,475 (13.0%) | $212,417 (13.1%) | 0.00 | 386 |
2020-01-01 | $154,950 (29.2%) | $229,290 (19.7%) | 0.00 | 353 |
2020-02-01 | $157,500 (31.4%) | $228,850 (17.2%) | 0.00 | 345 |
2020-03-01 | $153,750 (9.9%) | $225,375 (5.2%) | 0.00 | 338 |
2020-04-01 | $158,250 (5.9%) | $229,055 (4.1%) | 0.00 | 318 |
2020-05-01 | $164,900 (13.0%) | $229,797 (7.0%) | 0.00 | 321 |
2020-06-01 | $169,500 (17.0%) | $226,567 (7.1%) | 0.00 | 303 |
2020-07-01 | $162,450 (16.1%) | $225,541 (9.0%) | 0.00 | 287 |
2020-08-01 | $168,900 (16.6%) | $234,502 (12.0%) | 0.00 | 276 |
2020-09-01 | $143,150 (-1.3%) | $229,320 (9.1%) | 0.00 | 264 |
2020-10-01 | $138,450 (-2.5%) | $235,427 (11.9%) | 0.00 | 246 |
2020-11-01 | $132,400 (0.3%) | $230,408 (11.6%) | 0.00 | 219 |
2020-12-01 | $127,075 (-6.2%) | $229,241 (7.9%) | 0.00 | 205 |
2021-01-01 | $135,000 (-12.9%) | $239,274 (4.4%) | 0.00 | 181 |
2021-02-01 | $121,500 (-22.9%) | $239,160 (4.5%) | 0.00 | 158 |
2021-03-01 | $125,950 (-18.1%) | $243,992 (8.3%) | 0.00 | 135 |
2021-04-01 | $137,500 (-13.1%) | $239,839 (4.7%) | 0.00 | 129 |
2021-05-01 | $127,000 (-23.0%) | $226,245 (-1.6%) | 0.00 | 126 |
2021-06-01 | $127,200 (-25.0%) | $221,699 (-2.2%) | 0.00 | 142 |
2021-07-01 | $137,000 (-15.7%) | $213,951 (-5.1%) | 0.00 | 161 |
2021-08-01 | $139,900 (-17.2%) | $211,305 (-9.9%) | 0.00 | 157 |
2021-09-01 | $131,450 (-8.2%) | $206,635 (-9.9%) | 0.00 | 158 |
2021-10-01 | $136,500 (-1.4%) | $208,496 (-11.4%) | 0.00 | 157 |
2021-11-01 | $128,000 (-3.3%) | $214,882 (-6.7%) | 0.00 | 146 |
2021-12-01 | $121,500 (-4.4%) | $213,552 (-6.8%) | 0.00 | 136 |
2022-01-01 | $115,000 (-14.8%) | $215,998 (-9.7%) | 0.00 | 119 |
2022-02-01 | $125,000 (2.9%) | $202,644 (-15.3%) | 0.00 | 96 |
2022-03-01 | $121,225 (-3.8%) | $196,827 (-19.3%) | 0.00 | 100 |
2022-04-01 | $124,900 (-9.2%) | $220,417 (-8.1%) | 0.00 | 105 |
2022-05-01 | $122,400 (-3.6%) | $219,545 (-3.0%) | 0.00 | 112 |
2022-06-01 | $129,900 (2.1%) | $225,092 (1.5%) | 0.00 | 125 |
2022-07-01 | $149,000 (8.8%) | $207,062 (-3.2%) | 0.00 | 143 |
2022-08-01 | $133,425 (-4.6%) | $204,577 (-3.2%) | 0.00 | 149 |
2022-09-01 | $124,975 (-4.9%) | $190,658 (-7.7%) | 0.00 | 146 |
2022-10-01 | $131,500 (-3.7%) | $188,803 (-9.5%) | 0.00 | 143 |
2022-11-01 | $121,475 (-5.1%) | $176,853 (-17.7%) | 0.00 | 143 |
2022-12-01 | $112,400 (-7.5%) | $183,970 (-13.9%) | 0.00 | 123 |
2023-01-01 | $113,650 (-1.2%) | $193,397 (-10.5%) | 0.00 | 112 |
2023-02-01 | $119,730 (-4.2%) | $216,983 (7.1%) | 0.00 | 116 |
2023-03-01 | $128,675 (6.2%) | $237,584 (20.7%) | 0.00 | 109 |
2023-04-01 | $125,000 (0.1%) | $223,681 (1.5%) | 0.00 | 96 |
Olean's median listing price comes in at 0% of the national average.
Olean's average listing price for 2023-04-01 was $223,681, a difference of $3,264 (1.5%) versus the prior year and $-13,903 versus the prior month.
For the 2023-04-01 period, Olean had 96 MLS listings, a difference of -13 listings (-12%) versus the prior month and -9 listings (-9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Olean (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,598 sqft |
2018-02-01 | 0 days | 1,589 sqft |
2018-03-01 | 0 days | 1,603 sqft |
2018-04-01 | 0 days | 1,641 sqft |
2018-05-01 | 0 days | 1,617 sqft |
2018-06-01 | 0 days | 1,622 sqft |
2018-07-01 | 0 days | 1,648 sqft |
2018-08-01 | 0 days | 1,622 sqft |
2018-09-01 | 0 days | 1,620 sqft |
2018-10-01 | 0 days | 1,617 sqft |
2018-11-01 | 0 days | 1,619 sqft |
2018-12-01 | 0 days | 1,621 sqft |
2019-01-01 | 0 days | 1,600 sqft |
2019-02-01 | 0 days | 1,598 sqft |
2019-03-01 | 0 days | 1,700 sqft |
2019-04-01 | 0 days | 1,677 sqft |
2019-05-01 | 0 days | 1,673 sqft |
2019-06-01 | 0 days | 1,626 sqft |
2019-07-01 | 0 days | 1,633 sqft |
2019-08-01 | 0 days | 1,642 sqft |
2019-09-01 | 0 days | 1,680 sqft |
2019-10-01 | 0 days | 1,680 sqft |
2019-11-01 | 0 days | 1,680 sqft |
2019-12-01 | 0 days | 1,680 sqft |
2020-01-01 | 0 days | 1,708 sqft |
2020-02-01 | 0 days | 1,714 sqft |
2020-03-01 | 0 days | 1,706 sqft |
2020-04-01 | 0 days | 1,706 sqft |
2020-05-01 | 0 days | 1,677 sqft |
2020-06-01 | 0 days | 1,679 sqft |
2020-07-01 | 0 days | 1,677 sqft |
2020-08-01 | 0 days | 1,680 sqft |
2020-09-01 | 0 days | 1,611 sqft |
2020-10-01 | 0 days | 1,624 sqft |
2020-11-01 | 0 days | 1,607 sqft |
2020-12-01 | 0 days | 1,575 sqft |
2021-01-01 | 0 days | 1,624 sqft |
2021-02-01 | 0 days | 1,548 sqft |
2021-03-01 | 0 days | 1,546 sqft |
2021-04-01 | 0 days | 1,548 sqft |
2021-05-01 | 0 days | 1,483 sqft |
2021-06-01 | 0 days | 1,523 sqft |
2021-07-01 | 0 days | 1,584 sqft |
2021-08-01 | 0 days | 1,653 sqft |
2021-09-01 | 0 days | 1,692 sqft |
2021-10-01 | 0 days | 1,688 sqft |
2021-11-01 | 0 days | 1,551 sqft |
2021-12-01 | 0 days | 1,544 sqft |
2022-01-01 | 0 days | 1,470 sqft |
2022-02-01 | 0 days | 1,373 sqft |
2022-03-01 | 0 days | 1,466 sqft |
2022-04-01 | 0 days | 1,454 sqft |
2022-05-01 | 0 days | 1,450 sqft |
2022-06-01 | 0 days | 1,527 sqft |
2022-07-01 | 0 days | 1,573 sqft |
2022-08-01 | 0 days | 1,617 sqft |
2022-09-01 | 0 days | 1,566 sqft |
2022-10-01 | 0 days | 1,536 sqft |
2022-11-01 | 0 days | 1,437 sqft |
2022-12-01 | 0 days | 1,440 sqft |
2023-01-01 | 0 days | 1,428 sqft |
2023-02-01 | 0 days | 1,454 sqft |
2023-03-01 | 0 days | 1,499 sqft |
2023-04-01 | 0 days | 1,438 sqft |
Olean's median square footage for active listings during the 2023-04-01 period was 1,438 sqft. One year prior, the average listing was 1,454 sqft.
Olean, NY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 641 | $106,715,000 | $166,482 |
Refi | 154 | $38,230,000 | $248,247 |
Home Improvement | 103 | $6,995,000 | $67,913 |
Cash Out Refi | 103 | $16,225,000 | $157,524 |
Other | 65 | $7,805,000 | $120,077 |
Olean's most frequently cited loan purpose was Home Purchase, with 641 originations. The 2nd most popular reason was Refi, with 154 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 260 | $36,390,000 | $139,962 |
3-4% | 226 | $32,140,000 | $142,212 |
4-5% | 211 | $33,365,000 | $158,128 |
6-7% | 134 | $21,400,000 | $159,701 |
<2.5% | 60 | $7,070,000 | $117,833 |
7-8% | 39 | $4,725,000 | $121,154 |
2.5-3% | 37 | $26,255,000 | $709,595 |
Over 8% | 15 | $1,105,000 | $73,667 |
During 2022, Olean's most frequently originated rate bucket was 5-6%, with 260 originations.
Loan Sizing (Olean, NY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 443 | $28,575,000 | $64,503 |
$100k-200k | 391 | $54,975,000 | $140,601 |
$200k-400k | 192 | $52,090,000 | $271,302 |
$400k-600k | 32 | $15,270,000 | $477,188 |
$600k-1000k | 5 | $3,875,000 | $775,000 |
$Over $1MM | 3 | $21,185,000 | $7,061,667 |
Olean's loan sizing saw the bucket of loans from $100,000 or less with 443 originations, totaling $28,575,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 493 | $79,895,000 | $162,059 |
60-80% | 240 | $59,890,000 | $249,542 |
40-60% | 106 | $13,440,000 | $126,792 |
20-40% | 94 | $6,190,000 | $65,851 |
Under 20% | 41 | $1,385,000 | $33,780 |
Over 100% | 7 | $1,365,000 | $195,000 |
Olean's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 493 originations, totaling $79,895,000 in origination value.