Is National Union Bank of Kinderhook An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at National Union Bank of Kinderhook with other lenders for mortgages with similar borrower characteristics:

Interest Rate: lower than average (-0.13%)
Loan Related Closing Costs: lower than average (-$674)
Assessment: this lender tends to be a cheap lender.

This scoreboard is based on data reported to FFIEC. In the data, National Union Bank of Kinderhook originated 126 mortgages, a national market share of 0.0%. It was primarily active in NY, with a 0.1% market share.

On average, National Union Bank of Kinderhook’s interest rates were lower than those of comparable mortgages at other lenders (-0.13%).1The comparable mortgages control for National Union Bank of Kinderhook’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $2541, which was lower than those of comparable mortgages at $3215, with a difference of -$674. Overall, we estimate that National Union Bank of Kinderhook tends to be an cheap lender, with a cost-adjusted-rate difference of -0.21% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with National Union Bank of Kinderhook.

National Union Bank of Kinderhook originated Conforming mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from National Union Bank of Kinderhook compared to other lenders

Conforming
Interest Rate Difference -0.13%
Loan related Closing Cost Difference -$674
Cost Adjusted Rate Difference -0.21%

Based on the table above, National Union Bank of Kinderhook is cheap for Conforming purchase mortgages.

Other information about National Union Bank of Kinderhook:

Regulator: Office of the Comptroller of the Currency (OCC) 
Top holder: KINDERHOOK BANK CORP.
Registered city and state: Kinderhook, NY, 12106
FB Comments

Lender Reviews:

Subscribe
Notify of
guest
Closed on time?
Did the lender have difficulty closing the loan on time?
Rating
What's your rating for the lender
0 Reviews
Inline Feedbacks
View all comments

Footnotes   [ + ]

1. The comparable mortgages control for National Union Bank of Kinderhook’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.