Corning Mortgage Rates, Fees & Info
Corning, NYLEI: 549300WK15ESCDNJ5M35
Tax ID: 16-6028994
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Mortgage Data
Review & Overview
Corning is a smaller mortgage company specializing in Home Purchase and Refi loans. Corning has a high proportion of conventional loans. Their top markets by origination volume include: Wilmington, Corning, Elmira, Myrtle Beach, and Chambersburg among others. We have data for 101 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 about average 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,169Origination Dollar Volume (All Markets)
$231,975,000Awards
CORNING - 2019
CORNING is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 429 | $58,515,000 | $136,399 | $1,729 | 3.47% |
| Corning, NY (FHA|USDA|VA) | 563 | $52,535,000 | $93,313 | $1,240 | 3.70% |
| ELMIRA, NY (FHA|USDA|VA) | 354 | $29,880,000 | $84,407 | $1,163 | 3.82% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 137 | $16,495,000 | $120,401 | $1,608 | 3.47% |
| Outside of Metro Areas | 140 | $12,710,000 | $90,786 | $1,153 | 3.80% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 124 | $9,780,000 | $78,871 | $923 | 3.55% |
| ROCHESTER, NY (FHA|USDA|VA) | 37 | $5,475,000 | $147,973 | $2,004 | 3.28% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 23 | $3,775,000 | $164,130 | $2,077 | 3.48% |
| PITTSBURGH, PA (FHA|USDA|VA) | 39 | $2,915,000 | $74,744 | $1,414 | 3.74% |
| ITHACA, NY (FHA|USDA|VA) | 16 | $2,910,000 | $181,875 | $1,045 | 4.41% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 16 | $2,760,000 | $172,500 | $2,160 | 3.26% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 22 | $2,470,000 | $112,273 | $1,449 | 3.93% |
| Sayre, PA (FHA|USDA|VA) | 26 | $2,220,000 | $85,385 | $1,278 | 3.67% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 18 | $1,940,000 | $107,778 | $1,098 | 3.75% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 15 | $1,935,000 | $129,000 | $2,287 | 3.28% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 11 | $1,445,000 | $131,364 | $1,898 | 3.52% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $5,518 | 2.75% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 10 | $1,140,000 | $114,000 | $1,948 | 3.77% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $3,415 | 3.87% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 8 | $1,130,000 | $141,250 | $2,034 | 4.36% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 5 | $995,000 | $199,000 | $5,321 | 2.95% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 8 | $900,000 | $112,500 | $951 | 3.71% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $2,040 | 2.95% |
| SYRACUSE, NY (FHA|USDA|VA) | 9 | $785,000 | $87,222 | $2,166 | 3.45% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $2,099 | 4.12% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,094 | 4.08% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $1,396 | 3.66% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 5 | $575,000 | $115,000 | $1,332 | 3.32% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,987 | 3.88% |
| BINGHAMTON, NY (FHA|USDA|VA) | 7 | $525,000 | $75,000 | $1,294 | 3.60% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 8 | $510,000 | $63,750 | $400 | 3.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 1.99% |
| Auburn, NY (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $3,727 | 3.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,819 | 3.94% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,413 | 3.38% |
| Somerset, PA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,209 | 3.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $2,689 | 3.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,595 | 3.75% |
| Boone, NC (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,072 | 3.81% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,840 | 3.81% |
| DuBois, PA (FHA|USDA|VA) | 5 | $345,000 | $69,000 | $1,432 | 3.67% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,681 | 3.50% |
| Hudson, NY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,060 | 4.25% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 2.99% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $1,150 | 4.68% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,792 | 4.75% |
| Lock Haven, PA (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $851 | 3.52% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 2.49% |
| Seneca Falls, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,868 | 4.00% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $1,646 | 3.83% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $745 | 4.37% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $775 | 5.12% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 3.57% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,303 | 3.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 4.37% |
| READING, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $5,540 | 3.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,761 | 3.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 1.99% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,497 | 3.75% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,078 | 4.25% |
| Cortland, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,369 | 3.75% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,592 | 4.38% |
| Albemarle, NC (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $1,096 | 4.12% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 3.49% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 1.99% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,295 | 3.13% |
| Huntingdon, PA (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 2.99% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,930 | 3.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 1.99% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.99% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,850 | 3.38% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.99% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,224 | 3.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.99% |
| ALTOONA, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.24% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,549 | 3.88% |
| Ogdensburg-Massena, NY (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 4.99% |
| Batavia, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,838 | 3.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 2.99% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 3.74% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 5.24% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.50% |
| Danville, KY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
| Malone, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,532 | 4.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 1.99% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 1.99% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.24% |
| OCALA, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.49% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 1.99% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.50% |
| DOVER, DE (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 1.99% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.49% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.99% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.74% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.49% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.25% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.50% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.60% |
| Olean, NY (FHA|USDA|VA) | 2 | $20,000 | $10,000 | $0 | 3.50% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.74% |
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.
Similarity Rank: 36
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,695 | $199,235,000 | $117,543 | $1,410 | 4.06% |
| HELOC | 474 | $32,740,000 | $69,072 | n/a | 2.13% |
For 2019, Corning's most frequently originated type of loan was Conventional, with 1,695 originations. Their 2nd most popular type was HELOC, with 474 originations.
Loan Reason
For 2019, Corning's most frequently cited loan purpose was Home Purchase, with 638 originations. The 2nd most popular reason was Refi, with 625 originations.
Loan Duration/Length
For 2019, Corning's most frequently cited loan duration was 10 Year, with 823 originations. The 2nd most popular length was 15 Year, with 504 originations.
Origination Fees/Closing Costs
Corning's average total fees were $2,990, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,352 originations.
Interest Rates
During 2019, Corning's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 3-4%, with 944 originations.
Loan Sizing
2019 saw Corning place emphasis on $100,000 or less loans with 1,302 originations, totaling $59,100,000 in origination value.
Applicant Income
Corning lent most frequently to those with incomes in the $50k-75k range, with 501 originations. The second most popular income band? $100k-150k, with 486 originations.
Applicant Debt to Income Ratio
Corning lent most frequently to those with DTI ratios of 20-30%, with 657 originations. The next most common DTI ratio? 30-36%, with 391 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.31%
Corning has an average approval rate.
Pick Rate
Approvals leading to origination80.82%
Corning has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,169 | $231,975,000 | $106,950 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Crown Mortgage Co. | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
| Crown Mortgage Co. | FHA mortgage | Struggling to pay mortgage | 1 | 50.0% |