Corning Mortgage Rates, Fees & Info
Corning, NYLEI: 549300WK15ESCDNJ5M35
Tax ID: 16-6028994
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Corning is a smaller mortgage company specializing in Home Purchase loans. Corning has a high proportion of conventional loans. Their top markets by origination volume include: Wilmington, Myrtle Beach, Corning, Elmira, and Chambersburg among others. We have data for 111 markets. (Some data included below & more in-depth data is available with an active subscription.)Corning has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Corning is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.17% | 12/16/24 |
| 30 Year Conventional Refi | 6.28% | 12/16/24 |
| 30 Year Cash-out Refi | 6.35% | 12/16/24 |
| 30 Year VA Purchase | 6.56% | 12/16/24 |
| 15 Year Conventional Purchase | 5.45% | 12/16/24 |
| 15 Year Conventional Refi | 5.63% | 12/16/24 |
| 15 Year Cash-out Refi | 5.63% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Corning Mortgage Calculator
Your Estimates
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This is not an official calculator from Corning. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,081Origination Dollar Volume (All Markets)
$266,905,000Awards
CORNING - 2023
CORNING is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Corning's average 30 year fixed mortgage rate was
6.42%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.06%.
Relative Fees (Closing Costs)
Corning's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,802.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| WILMINGTON, NC (FHA|USDA|VA) | 543 | $86,485,000 | $159,273 | $3,779 | 7.08% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 280 | $43,520,000 | $155,429 | $3,032 | 6.94% |
| Corning, NY (FHA|USDA|VA) | 348 | $38,090,000 | $109,454 | $3,927 | 6.68% |
| ELMIRA, NY (FHA|USDA|VA) | 308 | $28,590,000 | $92,825 | $3,331 | 6.67% |
| Outside of Metro Areas | 100 | $9,780,000 | $97,800 | $4,171 | 6.92% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 101 | $9,025,000 | $89,356 | $4,475 | 6.51% |
| ROCHESTER, NY (FHA|USDA|VA) | 36 | $5,460,000 | $151,667 | $4,195 | 6.66% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 27 | $4,675,000 | $173,148 | $3,643 | 6.68% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 21 | $3,175,000 | $151,190 | $2,756 | 6.70% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 6 | $1,910,000 | $318,333 | $5,013 | 6.80% |
| PITTSBURGH, PA (FHA|USDA|VA) | 23 | $1,875,000 | $81,522 | $3,838 | 7.05% |
| BINGHAMTON, NY (FHA|USDA|VA) | 15 | $1,805,000 | $120,333 | $3,783 | 6.34% |
| Sayre, PA (FHA|USDA|VA) | 14 | $1,630,000 | $116,429 | $3,728 | 6.30% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 16 | $1,590,000 | $99,375 | $4,745 | 6.90% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 12 | $1,330,000 | $110,833 | $5,870 | 6.98% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $1,300,000 | $162,500 | $2,986 | 6.62% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 8 | $1,030,000 | $128,750 | $4,691 | 6.45% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $4,085 | 6.96% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 8 | $980,000 | $122,500 | $7,466 | 6.88% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 8 | $930,000 | $116,250 | $3,626 | 7.16% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 5 | $895,000 | $179,000 | $3,294 | 6.33% |
| SYRACUSE, NY (FHA|USDA|VA) | 9 | $825,000 | $91,667 | $3,197 | 6.47% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 8 | $800,000 | $100,000 | $2,836 | 7.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $790,000 | $197,500 | $4,516 | 6.63% |
| Georgetown, SC (FHA|USDA|VA) | 5 | $695,000 | $139,000 | $2,960 | 6.60% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $3,018 | 6.66% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,422 | 6.20% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $4,072 | 6.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $595,000 | $119,000 | $0 | 7.06% |
| COLUMBIA, SC (FHA|USDA|VA) | 6 | $590,000 | $98,333 | $6,028 | 7.45% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 5 | $585,000 | $117,000 | $0 | 7.16% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $4,167 | 7.45% |
| LANCASTER, PA (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $6,063 | 6.95% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 8 | $560,000 | $70,000 | $6,427 | 7.42% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $0 | 5.89% |
| Lock Haven, PA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,328 | 5.88% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,525 | 7.06% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $480,000 | $80,000 | $0 | 6.89% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 6.32% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $415,000 | $83,000 | $0 | 6.26% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $2,223 | 6.76% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $0 | 7.51% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $3,236 | 6.56% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 8.25% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,524 | 7.19% |
| FLORENCE, SC (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $2,836 | 6.79% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.14% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.14% |
| ERIE, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,399 | 6.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 7.63% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $899 | 6.56% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $4,269 | 6.56% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 7.25% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $1,230 | 7.17% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,876 | 7.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $0 | 7.05% |
| NEW BERN, NC (FHA|USDA|VA) | 4 | $230,000 | $57,500 | $0 | 7.26% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,313 | 6.88% |
| Wilson, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,509 | 6.38% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,336 | 6.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.00% |
| ITHACA, NY (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 6.58% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,511 | 6.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 4.94% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,789 | 6.63% |
| Forest City, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,683 | 6.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 7.75% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.75% |
| Batavia, NY (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 6.32% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,387 | 5.63% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 7.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 6.39% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,387 | 5.63% |
| Hudson, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.14% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 10.00% |
| Huntingdon, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.39% |
| DOVER, DE (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.39% |
| Lewisburg, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.89% |
| Montrose, CO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 9.00% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.25% |
| Seneca Falls, NY (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 6.57% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 7.82% |
| Boone, NC (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 6.45% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.89% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.25% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.89% |
| OCALA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.14% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.50% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.75% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.64% |
| Seneca, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.14% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.39% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 7.14% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.75% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.39% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.39% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.39% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.64% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 8.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.39% |
| Oil City, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.75% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.64% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.64% |
| READING, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.39% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.00% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.64% |
| Kinston, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 8.00% |
| DuBois, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.89% |
Similar Lenders
We use machine learning to identify the top lenders compared against CORNING based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,547 | $121,005,000 | $78,219 | n/a | 7.07% |
| Conventional | 533 | $145,585,000 | $273,143 | $3,662 | 6.22% |
| VA | 1 | $315,000 | $315,000 | $1,960 | 7.50% |
For 2023, Corning's most frequently originated type of loan was HELOC, with 1,547 originations. Their 2nd most popular type was Conventional, with 533 originations.
Loan Reason
For 2023, Corning's most frequently cited loan purpose was Other, with 663 originations. The 2nd most popular reason was Home Purchase, with 618 originations.
Loan Duration/Length
For 2023, Corning's most frequently cited loan duration was Other, with 1,547 originations. The 2nd most popular length was 30 Year, with 418 originations.
Origination Fees/Closing Costs
Corning's average total fees were $3,802, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 316 originations.
Interest Rates
During 2023, Corning's average interest rate for loans was 6.42%, while their most frequently originated rate bucket for loans was 6-7%, with 771 originations.
Loan Sizing
2023 saw Corning place emphasis on $100,000 or less loans with 1,207 originations, totaling $56,815,000 in origination value.
Applicant Income
Corning lent most frequently to those with incomes in the $100k-150k range, with 537 originations. The second most popular income band? $50k-75k, with 415 originations.
Applicant Debt to Income Ratio
Corning lent most frequently to those with DTI ratios of 20-30%, with 450 originations. The next most common DTI ratio? 30-36%, with 357 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.72%
Corning has an average approval rate.
Pick Rate
Approvals leading to origination84.09%
Corning has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,081 | $266,905,000 | $128,258 |