Amsterdam Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Amsterdam averaged 6.88% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 7.02% and one month ago for the week of 2023-08-10, the average rate was 6.66%.

    Amsterdam's average rate one year ago was 5.89%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.78%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Amsterdam 30 Year Fixed Rate 2023-09-14 6.88%
    Amsterdam 30 Year Fixed Rate Refi 2023-09-14 7.78%
    Amsterdam 15 Year Fixed Rate 2023-09-14 6.71%
    Amsterdam 15 Year Fixed Rate Refi 2023-09-14 6.91%
    Amsterdam 30 Year FHA 2023-09-14 6.24%
    Amsterdam 30 Year FHA Refi 2023-09-14 6.89%
    Amsterdam 30 Year USDA 2023-09-14 6.98%
    Amsterdam 30 Year USDA Refi 2023-09-14 6.98%
    Amsterdam 30 Year VA 2023-09-14 7.01%
    Amsterdam 30 Year VA Refi 2023-09-14 7.01%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Amsterdam, NY.

    Amsterdam 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 Amsterdam, 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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    HOMESTEAD FUNDING CORP. 51 5.02% $3,395
    SEFCU SERVICES, LLC 27 4.56% $3,418
    QUICKEN LOANS, LLC 19 4.47% $5,611
    SUNMARK FEDERAL CREDIT UNION 19 4.81% $4,174
    Community Bank 16 5.48% $1,381
    HOME POINT FINANCIAL CORPORATION 11 5.13% $7,026
    Farm Credit East, ACA 11 5.47% $4,983
    NBT Bank 10 4.78% $3,987
    CCFCU FUNDING, LLC 9 4.46% $3,526
    TrustCo Bank 8 3.64% $2,253
    KeyBank 8 4.34% $3,206
    Premium Mortgage Corporation 7 4.84% $3,694
    1ST PRIORITY MORTGAGE, INC. 6 5.23% $3,929
    UNITED WHOLESALE MORTGAGE, LLC 6 5.81% $7,396
    Glens Falls National Bank and Trust Company 4 4.84% $3,486
    Mr. Cooper ( Nationstar Mortgage ) 4 4.50% $5,565
    CALIBER HOME LOANS, INC. 4 5.16% $3,989
    Wells Fargo Bank 4 4.72% $5,935
    JPMorgan Chase Bank 2 4.50% $4,316
    LOANDEPOT.COM, LLC 2 6.31% $5,049
    M&T Bank 2 4.94% $4,557
    AMERICAN FINANCING CORPORATION 2 4.75% $5,675
    NEWREZ LLC 2 5.31% $4,582
    North American Savings Bank, F.S.B. 2 5.25% $3,877
    AMERICU Credit Union 2 3.69% $8,197
    ROYAL UNITED MORTGAGE LLC 2 6.13% $6,682
    TOTAL MORTGAGE SERVICES, LLC 2 4.75% $4,749
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.93% $8,080
    IMPAC MORTGAGE CORP. 2 5.88% $7,799
    MID-HUDSON VALLEY 1 3.25% $2,447
    Baxter Credit Union 1 3.25% $3,088
    Berkshire Bank 1 3.00% $4,105
    Carrington Mortgage Services, LLC 1 4.50% $4,135
    Citizens Bank 1 3.00% $4,143
    CONTOUR MORTGAGE CORPORATION 1 7.13% $6,380
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 4.38% $5,961
    CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $3,457
    Evolve Bank & Trust 1 5.75% $2,877
    Fidelity Bank 1 5.75% $3,487
    First National Bank of America 1 6.75% $7,815
    First Savings Bank 1 5.38% $4,036
    Flagstar Bank, FSB 1 6.38% $3,989
    GUARANTEED RATE, INC. 1 4.75% $6,414
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $3,684
    HUDSON VALLEY CREDIT UNION 1 5.38% $2,304
    HUNT MORTGAGE CORPORATION 1 4.88% $5,436
    Mortgage Research Center, LLC 1 7.13% $3,224
    NAVY FEDERAL CREDIT UNION 1 6.75% $7,060
    PENNYMAC LOAN SERVICES, LLC 1 6.50% $3,766
    Quontic Bank 1 8.25% $9,586
    RELIANCE FIRST CAPITAL, LLC 1 4.99% $7,144

    Amsterdam Average Closing Costs & Other Stats

    Amsterdam, NY's 51 lenders originated 892 loans during 2022. The total origination value was $121,740,000, with an average loan value of $136,480.

    Amsterdam's average closing costs are $4,429.

    The top Amsterdam lender as defined by loan originations is HOMESTEAD FUNDING CORP., with 51 loans originated. Their average total fees are $3,395, which is $22 lower than the next largest lender, SEFCU SERVICES, LLC.

    The lowest fee Amsterdam lenders (with over 10 loans originated) are Community Bank ($1,381), HOMESTEAD FUNDING CORP. ($3,395), SEFCU SERVICES, LLC ($3,418), NBT Bank ($3,987) and SUNMARK FEDERAL CREDIT UNION ($4,174).

    The lowest rate Amsterdam lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.47%), SEFCU SERVICES, LLC (4.56%), NBT Bank (4.78%), SUNMARK FEDERAL CREDIT UNION (4.81%) and HOMESTEAD FUNDING CORP. (5.02%).

    Amsterdam, 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
    HOMESTEAD FUNDING CORP. $24,035,000 $16,775,000 -30.2% 13.8%
    SUNMARK FEDERAL CREDIT UNION $11,875,000 $10,070,000 -15.2% 8.3%
    QUICKEN LOANS, LLC $17,035,000 $8,970,000 -47.3% 7.4%
    SEFCU SERVICES, LLC $12,785,000 $7,100,000 -44.5% 5.8%
    Community Bank $3,865,000 $6,595,000 70.6% 5.4%
    NBT Bank $6,695,000 $5,905,000 -11.8% 4.9%
    STATE EMPLOYEES FEDERAL CREDIT UNION $3,570,000 $5,365,000 50.3% 4.4%
    HOME POINT FINANCIAL CORPORATION $6,050,000 $4,755,000 -21.4% 3.9%
    KeyBank $8,405,000 $4,050,000 -51.8% 3.3%
    Mortgage Research Center, LLC $1,370,000 $3,630,000 165.0% 3.0%
    TrustCo Bank $6,275,000 $3,100,000 -50.6% 2.5%
    CCFCU FUNDING, LLC $4,945,000 $2,655,000 -46.3% 2.2%
    UNITED WHOLESALE MORTGAGE, LLC $1,925,000 $2,575,000 33.8% 2.1%
    Premium Mortgage Corporation $2,340,000 $2,380,000 1.7% 2.0%
    Farm Credit East, ACA $1,345,000 $2,250,000 67.3% 1.8%
    CALIBER HOME LOANS, INC. $1,835,000 $2,185,000 19.1% 1.8%
    1ST PRIORITY MORTGAGE, INC. $1,380,000 $1,515,000 9.8% 1.2%
    Citizens Bank $1,920,000 $1,400,000 -27.1% 1.1%
    FIRST NEW YORK $1,065,000 $1,380,000 29.6% 1.1%
    Empower Federal Credit Union $1,025,000 $1,355,000 32.2% 1.1%
    M&T Bank $1,060,000 $1,345,000 26.9% 1.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,025,000 $1,165,000 13.7% 1.0%
    Flagstar Bank, FSB $2,085,000 $1,160,000 -44.4% 1.0%
    PLAZA HOME MORTGAGE, INC. $1,385,000 $1,145,000 -17.3% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $1,675,000 $1,100,000 -34.3% 0.9%
    First National Bank of Scotia $935,000 $1,010,000 8.0% 0.8%
    AMERICAN FINANCIAL RESOURCES, INC. $1,505,000 $955,000 -36.5% 0.8%
    AMERICU Credit Union $1,070,000 $935,000 -12.6% 0.8%
    NAVY FEDERAL CREDIT UNION $1,710,000 $915,000 -46.5% 0.8%
    LOANDEPOT.COM, LLC $720,000 $880,000 22.2% 0.7%
    Berkshire Bank $670,000 $695,000 3.7% 0.6%
    Wells Fargo Bank $1,710,000 $650,000 -62.0% 0.5%
    Glens Falls National Bank and Trust Company $465,000 $630,000 35.5% 0.5%
    MOVEMENT MORTGAGE, LLC $415,000 $590,000 42.2% 0.5%
    CAPITAL COMMUNICATIONS Federal Credit Union $1,690,000 $550,000 -67.5% 0.5%
    North American Savings Bank, F.S.B. $550,000 n/a 0.5%
    USAA Federal Savings Bank $900,000 $525,000 -41.7% 0.4%
    JPMorgan Chase Bank $1,690,000 $495,000 -70.7% 0.4%
    Carrington Mortgage Services, LLC $850,000 $475,000 -44.1% 0.4%
    NEWREZ LLC $650,000 $445,000 -31.5% 0.4%
    RELIANCE FIRST CAPITAL, LLC $545,000 $430,000 -21.1% 0.4%
    Wayne Bank $415,000 n/a 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $280,000 $400,000 42.9% 0.3%
    ROYAL UNITED MORTGAGE LLC $635,000 $380,000 -40.2% 0.3%
    FINANCE OF AMERICA REVERSE LLC $375,000 n/a 0.3%
    Quontic Bank $810,000 $370,000 -54.3% 0.3%
    HUNT MORTGAGE CORPORATION $205,000 $360,000 75.6% 0.3%
    MLB RESIDENTIAL LENDING, LLC $265,000 $340,000 28.3% 0.3%
    CONTOUR MORTGAGE CORPORATION $330,000 n/a 0.3%
    VELOCITY COMMERCIAL CAPITAL, LLC $115,000 $325,000 182.6% 0.3%
    AMERICAN FINANCING CORPORATION $750,000 $315,000 -58.0% 0.3%
    Ballston Spa National Bank $110,000 $310,000 181.8% 0.3%
    GPO Federal Credit Union $305,000 n/a 0.3%
    Bank of England $180,000 $300,000 66.7% 0.2%
    Bank of Richmondville $1,450,000 $285,000 -80.3% 0.2%
    Adirondack Bank $145,000 $280,000 93.1% 0.2%
    The Federal Savings Bank $235,000 n/a 0.2%
    Chemung Canal Trust Company $245,000 $225,000 -8.2% 0.2%
    HUDSON VALLEY CREDIT UNION $285,000 $225,000 -21.1% 0.2%
    21ST MORTGAGE CORPORATION $430,000 $215,000 -50.0% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $215,000 n/a 0.2%
    IMPAC MORTGAGE CORP. $210,000 n/a 0.2%
    COMMUNITY RESOURCE FEDERAL CREDIT UNION $115,000 $205,000 78.3% 0.2%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $195,000 n/a 0.2%
    EVERETT FINANCIAL, INC. $195,000 n/a 0.2%
    A&D Mortgage LLC $190,000 n/a 0.2%
    AMERICAN HERITAGE LENDING, INC. $190,000 n/a 0.2%
    First Savings Bank $185,000 n/a 0.2%
    TCT $185,000 n/a 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $585,000 $180,000 -69.2% 0.1%
    LIMA ONE CAPITAL, LLC $55,000 $180,000 227.3% 0.1%
    CLIFFCO, INC. $175,000 n/a 0.1%
    Equity Prime Mortgage LLC $155,000 $175,000 12.9% 0.1%
    GUARANTEED RATE, INC. $85,000 $165,000 94.1% 0.1%
    UNITED NORTHERN MORTGAGE BANKERS LIMITED $165,000 n/a 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $155,000 n/a 0.1%
    First National Bank of America $155,000 n/a 0.1%
    Evolve Bank & Trust $145,000 n/a 0.1%
    First Home Bank $165,000 $145,000 -12.1% 0.1%
    PENNYMAC LOAN SERVICES, LLC $145,000 n/a 0.1%
    TOTAL MORTGAGE SERVICES, LLC $130,000 n/a 0.1%
    Baxter Credit Union $65,000 $125,000 92.3% 0.1%
    East Coast Capital Corp. $125,000 n/a 0.1%
    DIGITAL Federal Credit Union $115,000 n/a 0.1%
    MID-HUDSON VALLEY $115,000 n/a 0.1%
    Fidelity Bank $105,000 n/a 0.1%
    FREEDOM MORTGAGE CORPORATION $860,000 $105,000 -87.8% 0.1%
    FIRST SOURCE $540,000 $100,000 -81.5% 0.1%
    Barrington Bank & Trust Company, N.A. $340,000 $95,000 -72.1% 0.1%
    LENDINGHOME FUNDING CORPORATION $85,000 n/a 0.1%
    The Lyons National Bank $85,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $65,000 n/a 0.1%
    TD Bank $95,000 $65,000 -31.6% 0.1%
    USAlliance Federal Credit Union $65,000 n/a 0.1%
    Bank of America $695,000 $55,000 -92.1% 0.0%
    PENTAGON FEDERAL CREDIT UNION $45,000 n/a 0.0%
    Pioneer Bank $150,000 $35,000 -76.7% 0.0%
    PNC Bank $135,000 $25,000 -81.5% 0.0%

    Amsterdam's top lender by overall market share is HOMESTEAD FUNDING CORP., with 13.8% market share. In second place, with 8.3%, is SUNMARK FEDERAL CREDIT UNION, having originated $10,070,000 in loans. In third place, with 7.4%, is QUICKEN LOANS, LLC, having originated $8,970,000 in loans. In fourth place, with 5.8%, is SEFCU SERVICES, LLC, having originated $7,100,000 in loans. In fifth place, with 5.4%, is Community Bank, having originated $6,595,000 in loans.

    Amsterdam, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 460 $76,950,000 $167,283
    Home Improvement 144 $9,990,000 $69,375
    Refi 130 $15,470,000 $119,000
    Cash Out Refi 115 $16,045,000 $139,522
    Other 43 $3,285,000 $76,395

    Amsterdam's most frequently cited loan purpose was Home Purchase, with 460 originations. The 2nd most popular reason was Home Improvement, with 144 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 223 $30,005,000 $134,552
    5-6% 195 $30,725,000 $157,564
    4-5% 192 $28,070,000 $146,198
    6-7% 91 $12,275,000 $134,890
    2.5-3% 54 $6,370,000 $117,963
    <2.5% 50 $4,630,000 $92,600
    7-8% 27 $2,755,000 $102,037
    Over 8% 16 $1,150,000 $71,875

    During 2022, Amsterdam's most frequently originated rate bucket was 3-4%, with 223 originations.

    Loan Sizing (Amsterdam, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 386 $55,480,000 $143,731
    $100,000 or less 341 $20,415,000 $59,868
    $200k-400k 154 $39,490,000 $256,429
    $400k-600k 10 $4,830,000 $483,000
    $Over $1MM 1 $1,525,000 $1,525,000

    Amsterdam's loan sizing saw the bucket of loans from $100k-200k with 386 originations, totaling $55,480,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 385 $66,515,000 $172,766
    60-80% 198 $29,000,000 $146,465
    20-40% 107 $6,585,000 $61,542
    40-60% 86 $9,870,000 $114,767
    Under 20% 65 $1,855,000 $28,538
    Over 100% 9 $2,165,000 $240,556

    Amsterdam's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 385 originations, totaling $66,515,000 in origination value.