# Solvay Bank

> **Canonical URL:** https://saferate.com/lenders/solvay-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Solvay Bank is a bank, headquartered in Solvay, NY, with 131 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 12% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 35% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300BOYV1JVWTO8O89
- **Headquarters:** Solvay, NY
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** NY
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 88/100
- Rating: ●●●●● (5/5)

### Pull Through: Strong 😀
- Score: 65/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.094%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $940
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 131
- **Dollar Volume:** $37 million
- **Applications Received:** 182
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $285,916
- **Average Borrower Income:** $169,145
- **Average Property Value:** $385,000

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (65%)
- ⭐ **Purchase Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 52/100 | 130 | -0.094% | $940 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 116 loans, Score: 52/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 51/100 | 117 | $36M | -0.132% | Sound ☺️ |
| Refinance | 38/100 | 14 | $2M | +0.178% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NY | 131 | 0.12% | 71/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Syracuse, NY | NY | 130 | 80/100 |

## Where This Lender Ranks

Solvay Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Syracuse, NY Banks
  - [View Full Rankings](https://saferate.com/syracuse-ny/best-mortgage-lenders/banks)
- 🥉 **#3** in Syracuse, NY
  - [View Full Rankings](https://saferate.com/syracuse-ny/best-mortgage-lenders)
- 🏆 **#9** in Syracuse, NY for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/syracuse-ny/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#18** in Syracuse, NY for Conventional Loans
  - [View Full Rankings](https://saferate.com/syracuse-ny/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Solvay Bank offer?

Solvay Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Solvay Bank offer mortgages?

Solvay Bank offers mortgages in 1 states: NY.

### How competitive are Solvay Bank's mortgage rates?

Solvay Bank has a pricing score of 88/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.094% below market average.

### What type of lender is Solvay Bank?

Solvay Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Solvay, NY.

### What is Solvay Bank's loan approval success rate?

Solvay Bank has a pull-through score of 65/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/solvay-bank

### How to Cite

> "Solvay Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/solvay-bank

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