BUFFALO - CHEEKTOWAGA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Buffalo - Cheektowaga averaged
6.86%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.76% and
one month ago for the week of 2025-05-29, the
average rate was 7.08%.
Buffalo - Cheektowaga's average rate one year ago was 6.65%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.93%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Buffalo - Cheektowaga 30 Year Fixed Rate | 2025-07-03 | 6.86% |
| Buffalo - Cheektowaga 30 Year Fixed Rate Refi | 2025-07-03 | 7.93% |
| Buffalo - Cheektowaga 15 Year Fixed Rate | 2025-07-03 | 6.23% |
| Buffalo - Cheektowaga 15 Year Fixed Rate Refi | 2025-07-03 | 7.37% |
| Buffalo - Cheektowaga 30 Year FHA | 2025-07-03 | 0.06% |
| Buffalo - Cheektowaga 30 Year FHA Refi | 2025-07-03 | 0.1% |
| Buffalo - Cheektowaga 30 Year USDA | 2025-07-03 | -0.2% |
| Buffalo - Cheektowaga 30 Year USDA Refi | 2025-07-03 | -0.2% |
| Buffalo - Cheektowaga 30 Year VA | 2025-07-03 | -0.05% |
| Buffalo - Cheektowaga 30 Year VA Refi | 2025-07-03 | -0.38% |
BUFFALO - CHEEKTOWAGA 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 BUFFALO-CHEEKTOWAGA, 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.).
BUFFALO - CHEEKTOWAGA Average Closing Costs & Other Stats
BUFFALO-CHEEKTOWAGA, NY's 146 lenders originated 18,212
loans during 2024. The total origination value was $4,609,960,000, with an average loan value of
$253,128.
BUFFALO - CHEEKTOWAGA's average closing costs are $5,034.
The top BUFFALO - CHEEKTOWAGA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
1,101 loans originated. Their average total fees are
$7,652, which is $3,528
higher than the next largest lender,
Premium Mortgage Corporation.
The lowest fee BUFFALO - CHEEKTOWAGA lenders (with over 10 loans originated) are
Discover Bank ($0), Community Bank ($1,262), ONTARIO SHORES ($2,821), Bank of America ($3,234) and THE SUMMIT Federal Credit Union ($3,387).
The lowest rate BUFFALO - CHEEKTOWAGA lenders (with over 10 loans originated) are
GREATER WOODLAWN FEDERAL CREDIT UNION (5.84%), Bank of America (6.11%), SEFCU SERVICES, LLC (6.20%), Five Star Bank (6.22%) and RIVERSIDE (6.26%).
BUFFALO-CHEEKTOWAGA, 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 |
|---|---|---|---|---|
| JONES LANG LASALLE MULTIFAMILY, LLC | $359,090,000 | $688,450,000 | 91.7% | 14.9% |
| M&T Bank | $403,225,000 | $435,310,000 | 8.0% | 9.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $301,030,000 | $388,490,000 | 29.1% | 8.4% |
| Premium Mortgage Corporation | $319,735,000 | $362,805,000 | 13.5% | 7.9% |
| QUICKEN LOANS, LLC | $176,795,000 | $216,955,000 | 22.7% | 4.7% |
| KeyBank | $173,105,000 | $182,015,000 | 5.1% | 3.9% |
| Citizens Bank | $182,585,000 | $164,215,000 | -10.1% | 3.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $114,025,000 | $146,235,000 | 28.2% | 3.2% |
| HUNT MORTGAGE CORPORATION | $134,865,000 | $126,490,000 | -6.2% | 2.7% |
| Northwest Bank | $222,815,000 | $125,730,000 | -43.6% | 2.7% |
| Five Star Bank | $210,110,000 | $111,980,000 | -46.7% | 2.4% |
| 1ST PRIORITY MORTGAGE, INC. | $109,325,000 | $107,685,000 | -1.5% | 2.3% |
| Cornerstone Community Federal Credit Union | $65,635,000 | $103,005,000 | 56.9% | 2.2% |
| Evans Bank | $120,870,000 | $102,230,000 | -15.4% | 2.2% |
| CNB Bank | $54,190,000 | $72,340,000 | 33.5% | 1.6% |
| HOMESTEAD FUNDING CORP. | $16,680,000 | $57,830,000 | 246.7% | 1.3% |
| Bank of America | $58,455,000 | $57,195,000 | -2.2% | 1.2% |
| Community Bank | $47,905,000 | $43,565,000 | -9.1% | 0.9% |
| GREYSTONE SERVICING COMPANY LLC | $13,780,000 | $42,960,000 | 211.8% | 0.9% |
| Tompkins Trust Company | $10,005,000 | $42,745,000 | 327.2% | 0.9% |
| MOVEMENT MORTGAGE, LLC | $30,715,000 | $35,760,000 | 16.4% | 0.8% |
| Barings Multifamily Capital | $32,855,000 | n/a | 0.7% | |
| PLAZA HOME MORTGAGE, INC. | $32,255,000 | $31,660,000 | -1.8% | 0.7% |
| Wells Fargo Bank | $39,115,000 | $31,230,000 | -20.2% | 0.7% |
| EVERETT FINANCIAL, INC. | $25,090,000 | $30,085,000 | 19.9% | 0.7% |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $24,865,000 | $29,105,000 | 17.1% | 0.6% |
| M&T Realty Capital Corporation | $28,975,000 | n/a | 0.6% | |
| NVR Mortgage Finance, Inc. | $28,375,000 | $28,560,000 | 0.7% | 0.6% |
| Western Division FCU | $18,810,000 | $26,280,000 | 39.7% | 0.6% |
| SEFCU SERVICES, LLC | $24,330,000 | $26,040,000 | 7.0% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $19,415,000 | $25,565,000 | 31.7% | 0.6% |
| Mortgage Research Center, LLC | $20,070,000 | $24,865,000 | 23.9% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $23,970,000 | $24,750,000 | 3.3% | 0.5% |
| AMERICAN FINANCIAL NETWORK, INC. | $12,105,000 | $22,105,000 | 82.6% | 0.5% |
| WALKER & DUNLOP, LLC | $7,015,000 | $21,595,000 | 207.8% | 0.5% |
| Flagstar Bank, FSB | $8,805,000 | $19,875,000 | 125.7% | 0.4% |
| JPMorgan Chase Bank | $15,160,000 | $19,430,000 | 28.2% | 0.4% |
| Bank of Holland | $16,230,000 | $18,905,000 | 16.5% | 0.4% |
| Webster Bank | $26,965,000 | $18,800,000 | -30.3% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $34,925,000 | $18,675,000 | -46.5% | 0.4% |
| Empower Federal Credit Union | $7,965,000 | $18,280,000 | 129.5% | 0.4% |
| UIF CORPORATION | $12,160,000 | $16,695,000 | 37.3% | 0.4% |
| Lake Shore Savings Bank | $16,230,000 | $16,665,000 | 2.7% | 0.4% |
| Alden State Bank | $20,180,000 | $16,505,000 | -18.2% | 0.4% |
| THE SUMMIT Federal Credit Union | $12,495,000 | $16,275,000 | 30.3% | 0.4% |
| NEWREZ LLC | $20,460,000 | $15,655,000 | -23.5% | 0.3% |
| Discover Bank | $9,085,000 | $14,240,000 | 56.7% | 0.3% |
| LOANDEPOT.COM, LLC | $9,495,000 | $13,885,000 | 46.2% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $7,735,000 | $12,895,000 | 66.7% | 0.3% |
| Chemung Canal Trust Company | $21,065,000 | $12,820,000 | -39.1% | 0.3% |
| TD Bank | $13,670,000 | $12,715,000 | -7.0% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $17,340,000 | $11,740,000 | -32.3% | 0.3% |
| ONTARIO SHORES | $5,250,000 | $10,880,000 | 107.2% | 0.2% |
| Great Erie Federal Credit Union | $4,900,000 | $9,585,000 | 95.6% | 0.2% |
| USAA Federal Savings Bank | $9,760,000 | $9,480,000 | -2.9% | 0.2% |
| GREATER WOODLAWN FEDERAL CREDIT UNION | $5,675,000 | $8,950,000 | 57.7% | 0.2% |
| CMG MORTGAGE, INC. | $3,785,000 | $8,645,000 | 128.4% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $14,955,000 | $8,235,000 | -44.9% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $4,580,000 | $7,930,000 | 73.1% | 0.2% |
| U.S. Bank | $10,635,000 | $7,565,000 | -28.9% | 0.2% |
| GUIDANCE RESIDENTIAL, LLC | $6,765,000 | $7,325,000 | 8.3% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $3,535,000 | $6,540,000 | 85.0% | 0.1% |
| AMERICU Credit Union | $70,000 | $6,315,000 | 8,921.4% | 0.1% |
| Moog Employees Federal Credit Union | $5,995,000 | $6,075,000 | 1.3% | 0.1% |
| PLANET HOME LENDING, LLC | $1,265,000 | $6,030,000 | 376.7% | 0.1% |
| OWNERSCHOICE FUNDING, INCORPORATED | $995,000 | $6,010,000 | 504.0% | 0.1% |
| HOME TOWN FUNDING, INC. | $6,340,000 | $5,890,000 | -7.1% | 0.1% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $6,540,000 | $5,545,000 | -15.2% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $2,125,000 | $5,180,000 | 143.8% | 0.1% |
| Carrington Mortgage Services, LLC | $4,870,000 | $4,755,000 | -2.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $5,060,000 | $4,725,000 | -6.6% | 0.1% |
| GUARANTEED RATE, INC. | $2,510,000 | $4,715,000 | 87.8% | 0.1% |
| PNC Bank | $3,255,000 | $4,615,000 | 41.8% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $2,935,000 | $4,460,000 | 52.0% | 0.1% |
| The Federal Savings Bank | $4,295,000 | $4,440,000 | 3.4% | 0.1% |
| Bethpage Federal Credit Union | $1,755,000 | $3,980,000 | 126.8% | 0.1% |
| NIAGARA'S CHOICE | $7,340,000 | $3,900,000 | -46.9% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $3,655,000 | $3,885,000 | 6.3% | 0.1% |
| DOMINION FINANCIAL SERVICES, LLC | $1,205,000 | $3,865,000 | 220.7% | 0.1% |
| A&D Mortgage LLC | $4,090,000 | $3,855,000 | -5.7% | 0.1% |
| NEXTIER BANK, NATIONAL ASSOCIATION | $52,555,000 | $3,795,000 | -92.8% | 0.1% |
| LIMA ONE CAPITAL, LLC | $3,910,000 | $3,765,000 | -3.7% | 0.1% |
| Quontic Bank | $5,770,000 | $3,725,000 | -35.4% | 0.1% |
| Morgan Stanley Private Bank | $5,360,000 | $3,575,000 | -33.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $4,525,000 | $3,440,000 | -24.0% | 0.1% |
| Citibank | $1,850,000 | $3,190,000 | 72.4% | 0.1% |
| Ally Bank | $2,560,000 | $3,100,000 | 21.1% | 0.1% |
| LENDINGONE, LLC | $1,545,000 | $3,025,000 | 95.8% | 0.1% |
| Financial Trust | $3,070,000 | $2,950,000 | -3.9% | 0.1% |
| The Huntington National Bank | $1,055,000 | $2,935,000 | 178.2% | 0.1% |
| RIVERSIDE | $1,180,000 | $2,835,000 | 140.3% | 0.1% |
| St Joseph's Parish Buffalo Federal Credit Union | $4,545,000 | $2,755,000 | -39.4% | 0.1% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $1,010,000 | $2,705,000 | 167.8% | 0.1% |
| FAMILY FIRST OF NY | $2,200,000 | $2,675,000 | 21.6% | 0.1% |
| 21ST MORTGAGE CORPORATION | $2,295,000 | $2,655,000 | 15.7% | 0.1% |
| Genesee Regional Bank | $4,690,000 | $2,510,000 | -46.5% | 0.1% |
| Farm Credit East, ACA | $3,730,000 | $2,495,000 | -33.1% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $2,220,000 | $2,480,000 | 11.7% | 0.1% |
| RBC Bank, (Georgia) | $3,460,000 | $2,455,000 | -29.0% | 0.1% |
| SIRVA MORTGAGE, INC. | $1,300,000 | $2,445,000 | 88.1% | 0.1% |
| Logan Finance Corporation | $380,000 | $2,295,000 | 503.9% | 0.0% |
| Ukrainian Federal Credit Union | $2,605,000 | $2,200,000 | -15.5% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,490,000 | $2,155,000 | 44.6% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $625,000 | $2,115,000 | 238.4% | 0.0% |
| NBKC BANK | $1,985,000 | $2,080,000 | 4.8% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $435,000 | $1,985,000 | 356.3% | 0.0% |
| First National Bank of Pennsylvania | $720,000 | $1,970,000 | 173.6% | 0.0% |
| UBS Bank USA | $2,570,000 | $1,810,000 | -29.6% | 0.0% |
| Farmers Bank & Trust | $720,000 | $1,635,000 | 127.1% | 0.0% |
| Raymond James Bank | $2,540,000 | $1,560,000 | -38.6% | 0.0% |
| BETTER MORTGAGE CORPORATION | $3,150,000 | $1,550,000 | -50.8% | 0.0% |
| Metro City Bank | $225,000 | $1,520,000 | 575.6% | 0.0% |
| PHH Mortgage Corporation | $715,000 | $1,465,000 | 104.9% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $2,670,000 | $1,425,000 | -46.6% | 0.0% |
| The Lyons National Bank | $2,070,000 | $1,405,000 | -32.1% | 0.0% |
| Bank of Whittier | $165,000 | $1,345,000 | 715.2% | 0.0% |
| Ponce Bank | $1,345,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $535,000 | $1,330,000 | 148.6% | 0.0% |
| Leader Bank | $1,300,000 | n/a | 0.0% | |
| The Canandaigua National Bank and Trust Company | $610,000 | $1,225,000 | 100.8% | 0.0% |
| Cattaraugus County Bank | $2,065,000 | $1,200,000 | -41.9% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $1,785,000 | $1,190,000 | -33.3% | 0.0% |
| NJ LENDERS CORP. | $460,000 | $1,165,000 | 153.3% | 0.0% |
| EMBRACE HOME LOANS, INC. | $1,375,000 | $1,150,000 | -16.4% | 0.0% |
| Magnolia Bank | $605,000 | $1,150,000 | 90.1% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,655,000 | $1,145,000 | -30.8% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $815,000 | $1,135,000 | 39.3% | 0.0% |
| Hometown Equity Mortgage, LLC | $695,000 | $1,120,000 | 61.2% | 0.0% |
| NP, Inc. | $335,000 | $1,110,000 | 231.3% | 0.0% |
| Stifel Bank and Trust | $860,000 | $1,105,000 | 28.5% | 0.0% |
| GREENSTATE CREDIT UNION | $495,000 | $1,010,000 | 104.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $1,140,000 | $1,000,000 | -12.3% | 0.0% |
| ARC HOME LLC | $245,000 | $995,000 | 306.1% | 0.0% |
| DIGITAL Federal Credit Union | $620,000 | $985,000 | 58.9% | 0.0% |
| CORNING | $895,000 | $970,000 | 8.4% | 0.0% |
| Equity Prime Mortgage LLC | $135,000 | $960,000 | 611.1% | 0.0% |
| PARAGON HOME LOANS INC. | $4,670,000 | $910,000 | -80.5% | 0.0% |
| Fifth Third Bank | $1,245,000 | $905,000 | -27.3% | 0.0% |
| CLIFFCO, INC. | $320,000 | $895,000 | 179.7% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $860,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $850,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP | $780,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $175,000 | $760,000 | 334.3% | 0.0% |
| LYNX MORTGAGE BANK LLC | $205,000 | $725,000 | 253.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $185,000 | $705,000 | 281.1% | 0.0% |
| AMERICAN FINANCING CORPORATION | $280,000 | $675,000 | 141.1% | 0.0% |
| COREVEST AMERICAN FINANCE LENDER LLC | $12,670,000 | $655,000 | -94.8% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $205,000 | $620,000 | 202.4% | 0.0% |
| FIRST HERITAGE FEDERAL CREDIT UNION | $615,000 | n/a | 0.0% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $605,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $605,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $595,000 | n/a | 0.0% | |
| First Savings Bank | $740,000 | $580,000 | -21.6% | 0.0% |
| PREMIA MORTGAGE, LLC | $700,000 | $570,000 | -18.6% | 0.0% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $480,000 | $565,000 | 17.7% | 0.0% |
| Bank of Hope | $550,000 | n/a | 0.0% | |
| Midwest BankCentre | $545,000 | n/a | 0.0% | |
| CONSTRUCTIVE LOANS, LLC | $535,000 | n/a | 0.0% | |
| Community First National Bank | $530,000 | $530,000 | 0.0% | 0.0% |
| Adirondack Bank | $505,000 | n/a | 0.0% | |
| Figure Lending LLC | $490,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $815,000 | $485,000 | -40.5% | 0.0% |
| First Citizens Community Bank | $485,000 | n/a | 0.0% | |
| First National Bank of Omaha | $485,000 | n/a | 0.0% | |
| Luxury Mortgage Corp. | $475,000 | n/a | 0.0% | |
| BROKER SOLUTIONS, INC. | $470,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $745,000 | $470,000 | -36.9% | 0.0% |
| Ixonia Bank | $465,000 | n/a | 0.0% | |
| RELIANT COMMUNITY FEDERAL CREDIT UNION | $380,000 | $460,000 | 21.1% | 0.0% |
| ESL Federal Credit Union | $455,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $625,000 | $455,000 | -27.2% | 0.0% |
| American Airlines Federal Credit Union | $270,000 | $415,000 | 53.7% | 0.0% |
| State Department Federal Credit Union | $530,000 | $410,000 | -22.6% | 0.0% |
| GREENWOOD | $390,000 | $390,000 | 0.0% | 0.0% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $165,000 | $355,000 | 115.2% | 0.0% |
| WILLIAM RAVEIS MORTGAGE, LLC | $325,000 | n/a | 0.0% | |
| Baxter Credit Union | $825,000 | $315,000 | -61.8% | 0.0% |
| KINECTA | $35,000 | $315,000 | 800.0% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $315,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $205,000 | $305,000 | 48.8% | 0.0% |
| AFFINITY | $295,000 | n/a | 0.0% | |
| NORWICH COMMERCIAL GROUP, INC. | $95,000 | $295,000 | 210.5% | 0.0% |
| Red River Bank | $290,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $985,000 | $290,000 | -70.6% | 0.0% |
| The People's Credit Union | $280,000 | n/a | 0.0% | |
| Plains Commerce Bank | $555,000 | $275,000 | -50.5% | 0.0% |
| Truist | $415,000 | $275,000 | -33.7% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $265,000 | n/a | 0.0% | |
| Armed Forces Bank | $265,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $35,000 | $265,000 | 657.1% | 0.0% |
| Toyota Financial Savings Bank | $255,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $115,000 | $250,000 | 117.4% | 0.0% |
| Nations Lending Corporation | $95,000 | $245,000 | 157.9% | 0.0% |
| AMERICAN HERITAGE FCU | $240,000 | n/a | 0.0% | |
| ANDREWS FEDERAL CREDIT UNION | $235,000 | n/a | 0.0% | |
| MID-ISLAND MORTGAGE CORP. | $670,000 | $235,000 | -64.9% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $235,000 | n/a | 0.0% | |
| Texana Bank | $235,000 | n/a | 0.0% | |
| East Coast Capital Corp. | $245,000 | $230,000 | -6.1% | 0.0% |
| SUNMARK FEDERAL CREDIT UNION | $330,000 | $225,000 | -31.8% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $215,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $215,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL | $2,055,000 | $210,000 | -89.8% | 0.0% |
| First Central Savings Bank | $205,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $870,000 | $195,000 | -77.6% | 0.0% |
| Brighton Bank | $185,000 | n/a | 0.0% | |
| HARTFORD FUNDING, LTD. | $155,000 | $185,000 | 19.4% | 0.0% |
| RESIDENTIAL HOME MORTGAGE CORPORATION | $185,000 | n/a | 0.0% | |
| Ballston Spa National Bank | $340,000 | $175,000 | -48.5% | 0.0% |
| Service Federal Credit Union | $175,000 | n/a | 0.0% | |
| TEACHERS | $1,025,000 | $175,000 | -82.9% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $780,000 | $170,000 | -78.2% | 0.0% |
| HUDSON VALLEY CREDIT UNION | $165,000 | n/a | 0.0% | |
| Municipal Credit Union | $165,000 | n/a | 0.0% | |
| BayCoast Bank | $85,000 | $145,000 | 70.6% | 0.0% |
| CTBC Bank Corp. (USA) | $145,000 | n/a | 0.0% | |
| Nassau Educators Federal Credit Union | $495,000 | $145,000 | -70.7% | 0.0% |
| Paramount Bank | $145,000 | n/a | 0.0% | |
| First National Bank of America | $145,000 | $140,000 | -3.4% | 0.0% |
| NORTHERN CREDIT UNION | $135,000 | n/a | 0.0% | |
| FIRST SOURCE | $425,000 | $125,000 | -70.6% | 0.0% |
| Southwest Airlines Federal Credit Union | $85,000 | $125,000 | 47.1% | 0.0% |
| STANFORD Federal Credit Union | $125,000 | n/a | 0.0% | |
| BancorpSouth | $115,000 | n/a | 0.0% | |
| MidFirst Bank | $90,000 | $115,000 | 27.8% | 0.0% |
| CONTINENTAL MORTGAGE BANKERS, INC. | $105,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $55,000 | $95,000 | 72.7% | 0.0% |
| MidAmerica National Bank | $95,000 | n/a | 0.0% | |
| Northpointe Bank | $555,000 | $85,000 | -84.7% | 0.0% |
| TOWER | $75,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $115,000 | $65,000 | -43.5% | 0.0% |
| GENESEE VALLEY | $180,000 | $55,000 | -69.4% | 0.0% |
| SERVU FEDERAL CREDIT UNION | $80,000 | $55,000 | -31.3% | 0.0% |
| MASSMUTUAL | $25,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $25,000 | n/a | 0.0% |
BUFFALO - CHEEKTOWAGA's top lender by overall market share is JONES LANG LASALLE MULTIFAMILY, LLC, with 14.9% market share. In second place, with 9.4%, is M&T Bank, having originated $435,310,000 in loans. In third place, with 8.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $388,490,000 in loans. In fourth place, with 7.9%, is Premium Mortgage Corporation, having originated $362,805,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $216,955,000 in loans.
BUFFALO-CHEEKTOWAGA, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 9,802 | $2,615,340,000 | $266,817 |
| Home Improvement | 2,567 | $234,695,000 | $91,428 |
| Cash Out Refi | 2,293 | $1,099,015,000 | $479,291 |
| Refi | 1,781 | $461,745,000 | $259,262 |
| Other | 1,766 | $198,980,000 | $112,673 |
| NA | 3 | $185,000 | $61,667 |
Buffalo - Cheektowaga's most frequently cited loan purpose was Home Purchase, with 9,802 originations. The 2nd most popular reason was Home Improvement, with 2,567 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 7,742 | $2,590,480,000 | $334,601 |
| Over 8% | 3,462 | $423,200,000 | $122,241 |
| 7-8% | 3,119 | $690,255,000 | $221,307 |
| 5-6% | 1,959 | $565,365,000 | $288,599 |
| 3-4% | 660 | $78,580,000 | $119,061 |
| <2.5% | 182 | $10,900,000 | $59,890 |
| 4-5% | 130 | $28,060,000 | $215,846 |
| 2.5-3% | 8 | $1,970,000 | $246,250 |
During 2024, Buffalo - Cheektowaga's most frequently originated rate bucket was 6-7%, with 7,742 originations.
Loan Sizing (BUFFALO-CHEEKTOWAGA, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 6,310 | $925,930,000 | $146,740 |
| $200k-400k | 6,100 | $1,640,990,000 | $269,015 |
| $100,000 or less | 4,364 | $248,180,000 | $56,870 |
| $400k-600k | 1,053 | $496,005,000 | $471,040 |
| $600k-1000k | 296 | $212,730,000 | $718,682 |
| $Over $1MM | 89 | $1,086,125,000 | $12,203,652 |
BUFFALO - CHEEKTOWAGA's loan sizing saw the bucket of loans from $100k-200k with 6,310 originations, totaling $925,930,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 6,616 | $1,747,980,000 | $264,205 |
| 60-80% | 3,993 | $1,141,485,000 | $285,872 |
| 20-40% | 2,616 | $269,750,000 | $103,115 |
| Under 20% | 1,975 | $98,915,000 | $50,084 |
| 40-60% | 1,919 | $391,025,000 | $203,765 |
| Over 100% | 88 | $727,030,000 | $8,261,705 |
BUFFALO - CHEEKTOWAGA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 6,616 originations, totaling $1,747,980,000 in origination value.