BINGHAMTON Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Binghamton averaged
7.09%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.12% and
one month ago for the week of 2025-05-15, the
average rate was 6.89%.
Binghamton's average rate one year ago was 6.93%.
For refis of the same type during the week of 2025-06-18, the average rate
was 8.08%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Binghamton 30 Year Fixed Rate | 2025-06-18 | 7.09% |
| Binghamton 30 Year Fixed Rate Refi | 2025-06-18 | 8.08% |
| Binghamton 15 Year Fixed Rate | 2025-06-18 | 6.56% |
| Binghamton 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| Binghamton 30 Year FHA | 2025-06-18 | 0.19% |
| Binghamton 30 Year FHA Refi | 2025-06-18 | 0% |
| Binghamton 30 Year USDA | 2025-06-18 | 0% |
| Binghamton 30 Year USDA Refi | 2025-06-18 | 0% |
| Binghamton 30 Year VA | 2025-06-18 | 0.16% |
| Binghamton 30 Year VA Refi | 2025-06-18 | 0.1% |
BINGHAMTON 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 BINGHAMTON, 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.).
BINGHAMTON Average Closing Costs & Other Stats
BINGHAMTON, NY's 91 lenders originated 3,295
loans during 2024. The total origination value was $526,765,000, with an average loan value of
$159,868.
BINGHAMTON's average closing costs are $3,875.
The top BINGHAMTON lender as defined by loan originations is HOMESTEAD FUNDING CORP., with
265 loans originated. Their average total fees are
$3,350, which is $2,955
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee BINGHAMTON lenders (with over 10 loans originated) are
Community Bank ($1,712), Chemung Canal Trust Company ($2,061), Empower Federal Credit Union ($2,544), Tompkins Trust Company ($3,287) and HOMESTEAD FUNDING CORP. ($3,350).
The lowest rate BINGHAMTON lenders (with over 10 loans originated) are
SEFCU SERVICES, LLC (6.17%), NBT Bank (6.32%), KeyBank (6.33%), Citizens Bank (6.41%) and Tompkins Trust Company (6.51%).
BINGHAMTON, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| HOMESTEAD FUNDING CORP. | $58,190,000 | $70,940,000 | 21.9% | 13.5% |
| Ally Bank | $430,000 | $53,125,000 | 12,254.7% | 10.1% |
| VISIONS | $41,760,000 | $40,670,000 | -2.6% | 7.7% |
| M&T Bank | $32,140,000 | $36,690,000 | 14.2% | 7.0% |
| QUICKEN LOANS, LLC | $30,760,000 | $28,590,000 | -7.1% | 5.4% |
| Tioga State Bank | $26,125,000 | $22,785,000 | -12.8% | 4.3% |
| 1ST PRIORITY MORTGAGE, INC. | $20,660,000 | $16,960,000 | -17.9% | 3.2% |
| Community Bank | $11,815,000 | $15,970,000 | 35.2% | 3.0% |
| EVERETT FINANCIAL, INC. | $125,000 | $13,250,000 | 10,500.0% | 2.5% |
| SEFCU SERVICES, LLC | $15,265,000 | $12,225,000 | -19.9% | 2.3% |
| Empower Federal Credit Union | $10,495,000 | $12,045,000 | 14.8% | 2.3% |
| Premium Mortgage Corporation | $7,790,000 | $10,900,000 | 39.9% | 2.1% |
| NBT Bank | $10,585,000 | $9,980,000 | -5.7% | 1.9% |
| Tompkins Trust Company | $6,765,000 | $9,950,000 | 47.1% | 1.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,685,000 | $8,730,000 | 53.6% | 1.7% |
| Citizens Bank | $9,540,000 | $7,800,000 | -18.2% | 1.5% |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $8,850,000 | $7,300,000 | -17.5% | 1.4% |
| JPMorgan Chase Bank | $5,485,000 | $6,630,000 | 20.9% | 1.3% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $765,000 | $5,885,000 | 669.3% | 1.1% |
| Mortgage Research Center, LLC | $4,935,000 | $4,445,000 | -9.9% | 0.8% |
| Citizens & Northern Bank | $3,775,000 | $4,260,000 | 12.8% | 0.8% |
| COREVEST AMERICAN FINANCE LENDER LLC | $945,000 | $4,175,000 | 341.8% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $3,530,000 | $3,920,000 | 11.0% | 0.7% |
| KeyBank | $3,305,000 | $3,630,000 | 9.8% | 0.7% |
| USAA Federal Savings Bank | $2,105,000 | $3,370,000 | 60.1% | 0.6% |
| Farm Credit East, ACA | $740,000 | $3,150,000 | 325.7% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $1,475,000 | $2,795,000 | 89.5% | 0.5% |
| Chemung Canal Trust Company | $2,685,000 | $2,760,000 | 2.8% | 0.5% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,845,000 | $2,620,000 | -7.9% | 0.5% |
| Bank of America | $1,115,000 | $2,590,000 | 132.3% | 0.5% |
| Wells Fargo Bank | $4,840,000 | $2,475,000 | -48.9% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,780,000 | $2,460,000 | 38.2% | 0.5% |
| CORNING | $1,805,000 | $2,295,000 | 27.1% | 0.4% |
| LOANDEPOT.COM, LLC | $1,390,000 | $2,260,000 | 62.6% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $4,005,000 | $2,185,000 | -45.4% | 0.4% |
| NEWREZ LLC | $3,195,000 | $2,165,000 | -32.2% | 0.4% |
| A&D Mortgage LLC | $2,245,000 | $2,070,000 | -7.8% | 0.4% |
| GUARANTEED RATE, INC. | $720,000 | $1,965,000 | 172.9% | 0.4% |
| GUIDANCE RESIDENTIAL, LLC | $830,000 | $1,915,000 | 130.7% | 0.4% |
| Ixonia Bank | $1,895,000 | n/a | 0.4% | |
| Peoples Security Bank and Trust Company | $1,970,000 | $1,865,000 | -5.3% | 0.4% |
| TD Bank | $1,795,000 | $1,860,000 | 3.6% | 0.4% |
| LENDINGHOME FUNDING CORPORATION | $460,000 | $1,815,000 | 294.6% | 0.3% |
| Flagstar Bank, FSB | $300,000 | $1,745,000 | 481.7% | 0.3% |
| 21ST MORTGAGE CORPORATION | $1,195,000 | $1,695,000 | 41.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,095,000 | $1,655,000 | 51.1% | 0.3% |
| Quontic Bank | $2,020,000 | $1,585,000 | -21.5% | 0.3% |
| CFCU Community Credit Union | $1,075,000 | $1,550,000 | 44.2% | 0.3% |
| CONTOUR MORTGAGE CORPORATION | $95,000 | $1,495,000 | 1,473.7% | 0.3% |
| First National Bank of Pennsylvania | $1,400,000 | n/a | 0.3% | |
| PARAGON HOME LOANS INC. | $12,360,000 | $1,365,000 | -89.0% | 0.3% |
| Hometown Equity Mortgage, LLC | $1,340,000 | n/a | 0.3% | |
| SILVER HILL FUNDING, LLC | $915,000 | $1,180,000 | 29.0% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $5,210,000 | $1,170,000 | -77.5% | 0.2% |
| First National Bank of Dryden | $890,000 | $1,150,000 | 29.2% | 0.2% |
| Carrington Mortgage Services, LLC | $700,000 | $1,070,000 | 52.9% | 0.2% |
| FOUNDATION MORTGAGE CORPORATION | $245,000 | $1,060,000 | 332.7% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $500,000 | $1,055,000 | 111.0% | 0.2% |
| GHS Federal Credit Union | $1,100,000 | $1,045,000 | -5.0% | 0.2% |
| CLIFFCO, INC. | $520,000 | $1,025,000 | 97.1% | 0.2% |
| Discover Bank | $985,000 | $990,000 | 0.5% | 0.2% |
| PS Bank | $1,125,000 | $925,000 | -17.8% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $195,000 | $850,000 | 335.9% | 0.2% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $570,000 | $850,000 | 49.1% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $830,000 | $845,000 | 1.8% | 0.2% |
| The Loan Store, Inc. | $835,000 | n/a | 0.2% | |
| Genesee Regional Bank | $115,000 | $805,000 | 600.0% | 0.2% |
| BETTER MORTGAGE CORPORATION | $475,000 | $795,000 | 67.4% | 0.2% |
| Five Star Bank | $745,000 | n/a | 0.1% | |
| PNC Bank | $885,000 | $740,000 | -16.4% | 0.1% |
| UNITED MORTGAGE CORP | $740,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $230,000 | $735,000 | 219.6% | 0.1% |
| FIRST HERITAGE FEDERAL CREDIT UNION | $290,000 | $695,000 | 139.7% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $445,000 | $670,000 | 50.6% | 0.1% |
| ARC HOME LLC | $660,000 | n/a | 0.1% | |
| UIF CORPORATION | $665,000 | $660,000 | -0.8% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $360,000 | $660,000 | 83.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $220,000 | $645,000 | 193.2% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $175,000 | $625,000 | 257.1% | 0.1% |
| First Citizens Community Bank | $135,000 | $625,000 | 363.0% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $610,000 | n/a | 0.1% | |
| Wayne Bank | $640,000 | $605,000 | -5.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $160,000 | $595,000 | 271.9% | 0.1% |
| CONSTRUCTIVE LOANS, LLC | $590,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $470,000 | $590,000 | 25.5% | 0.1% |
| PREMIA MORTGAGE, LLC | $545,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $1,415,000 | $535,000 | -62.2% | 0.1% |
| OWNERSCHOICE FUNDING, INCORPORATED | $520,000 | n/a | 0.1% | |
| The Federal Savings Bank | $205,000 | $490,000 | 139.0% | 0.1% |
| Citadel Servicing Corporation | $470,000 | n/a | 0.1% | |
| Bethpage Federal Credit Union | $720,000 | $450,000 | -37.5% | 0.1% |
| MID-ISLAND MORTGAGE CORP. | $290,000 | $450,000 | 55.2% | 0.1% |
| Ponce Bank | $420,000 | n/a | 0.1% | |
| U.S. Bank | $740,000 | $390,000 | -47.3% | 0.1% |
| HARTFORD FUNDING, LTD. | $300,000 | $385,000 | 28.3% | 0.1% |
| Logan Finance Corporation | $505,000 | $380,000 | -24.8% | 0.1% |
| AMERICU Credit Union | $375,000 | n/a | 0.1% | |
| East Coast Capital Corp. | $135,000 | $370,000 | 174.1% | 0.1% |
| EMM LOANS LLC | $145,000 | $370,000 | 155.2% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $350,000 | n/a | 0.1% | |
| LENDINGONE, LLC | $340,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $525,000 | $335,000 | -36.2% | 0.1% |
| ALLIANT CREDIT UNION | $330,000 | n/a | 0.1% | |
| HUNT MORTGAGE CORPORATION | $330,000 | n/a | 0.1% | |
| Wilmington Savings Fund Society, FSB | $315,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $310,000 | n/a | 0.1% | |
| NORWICH COMMERCIAL GROUP, INC. | $310,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $300,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL | $1,235,000 | $290,000 | -76.5% | 0.1% |
| PLANET HOME LENDING, LLC | $285,000 | n/a | 0.1% | |
| HUDSON VALLEY CREDIT UNION | $220,000 | $250,000 | 13.6% | 0.0% |
| ADVANCIAL | $215,000 | n/a | 0.0% | |
| HUDSON HERITAGE | $215,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $215,000 | n/a | 0.0% | |
| Raymond James Bank | $195,000 | n/a | 0.0% | |
| The Lyons National Bank | $475,000 | $175,000 | -63.2% | 0.0% |
| Truist | $145,000 | $175,000 | 20.7% | 0.0% |
| Fifth Third Bank | $115,000 | $170,000 | 47.8% | 0.0% |
| Alerus Financial | $155,000 | n/a | 0.0% | |
| FAMILY FIRST OF NY | $155,000 | n/a | 0.0% | |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $310,000 | $155,000 | -50.0% | 0.0% |
| Meridian Bank Corporation | $155,000 | n/a | 0.0% | |
| MidFirst Bank | $155,000 | n/a | 0.0% | |
| DEVELOPER'S MORTGAGE COMPANY | $145,000 | n/a | 0.0% | |
| HOME TOWN FUNDING, INC. | $215,000 | $145,000 | -32.6% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| RF Renovo Management Company, LLC | $135,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $135,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $660,000 | $125,000 | -81.1% | 0.0% |
| Citibank | $435,000 | $115,000 | -73.6% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $115,000 | n/a | 0.0% | |
| Advisors Mortgage Group, L.L.C. | $105,000 | n/a | 0.0% | |
| Armed Forces Bank | $105,000 | n/a | 0.0% | |
| MidAtlantic Farm Credit, ACA | $105,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $200,000 | $100,000 | -50.0% | 0.0% |
| Connexus Credit Union | $95,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $45,000 | $95,000 | 111.1% | 0.0% |
| Presidential Bank, FSB | $95,000 | n/a | 0.0% | |
| Axos Bank | $85,000 | n/a | 0.0% | |
| Alternatives Federal Credit Union | $140,000 | $65,000 | -53.6% | 0.0% |
| Cathay Bank | $245,000 | $65,000 | -73.5% | 0.0% |
| Municipal Credit Union | $440,000 | $55,000 | -87.5% | 0.0% |
| SERVU FEDERAL CREDIT UNION | $35,000 | $55,000 | 57.1% | 0.0% |
| The Honesdale National Bank | $45,000 | $45,000 | 0.0% | 0.0% |
| CORPORATE AMERICA FAMILY | $25,000 | n/a | 0.0% | |
| GPO Federal Credit Union | $25,000 | n/a | 0.0% | |
| GREENWOOD | $25,000 | n/a | 0.0% | |
| NORTHERN CREDIT UNION | $25,000 | n/a | 0.0% |
BINGHAMTON's top lender by overall market share is HOMESTEAD FUNDING CORP., with 13.5% market share. In second place, with 10.1%, is Ally Bank, having originated $53,125,000 in loans. In third place, with 7.7%, is VISIONS, having originated $40,670,000 in loans. In fourth place, with 7.0%, is M&T Bank, having originated $36,690,000 in loans. In fifth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $28,590,000 in loans.
BINGHAMTON, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,840 | $321,750,000 | $174,864 |
| Home Improvement | 544 | $38,570,000 | $70,901 |
| Cash Out Refi | 351 | $50,425,000 | $143,661 |
| Other | 305 | $22,575,000 | $74,016 |
| Refi | 255 | $93,445,000 | $366,451 |
Binghamton's most frequently cited loan purpose was Home Purchase, with 1,840 originations. The 2nd most popular reason was Home Improvement, with 544 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,274 | $213,090,000 | $167,261 |
| 7-8% | 729 | $103,025,000 | $141,324 |
| Over 8% | 695 | $120,615,000 | $173,547 |
| 5-6% | 289 | $49,845,000 | $172,474 |
| 3-4% | 28 | $2,420,000 | $86,429 |
| <2.5% | 26 | $1,300,000 | $50,000 |
| 4-5% | 21 | $2,815,000 | $134,048 |
During 2024, Binghamton's most frequently originated rate bucket was 6-7%, with 1,274 originations.
Loan Sizing (BINGHAMTON, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 1,436 | $206,270,000 | $143,642 |
| $100,000 or less | 1,216 | $72,470,000 | $59,597 |
| $200k-400k | 559 | $144,425,000 | $258,363 |
| $400k-600k | 61 | $28,585,000 | $468,607 |
| $600k-1000k | 15 | $10,595,000 | $706,333 |
| $Over $1MM | 8 | $64,420,000 | $8,052,500 |
BINGHAMTON's loan sizing saw the bucket of loans from $100k-200k with 1,436 originations, totaling $206,270,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,209 | $223,375,000 | $184,760 |
| 60-80% | 712 | $117,820,000 | $165,478 |
| 20-40% | 483 | $87,535,000 | $181,232 |
| 40-60% | 352 | $40,280,000 | $114,432 |
| Under 20% | 271 | $11,125,000 | $41,052 |
| Over 100% | 19 | $10,245,000 | $539,211 |
BINGHAMTON's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,209 originations, totaling $223,375,000 in origination value.