BUFFALO - CHEEKTOWAGA Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Buffalo - Cheektowaga averaged
6.58%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.71% and
one month ago for the week of 2024-10-03, the
average rate was 6.01%.
Buffalo - Cheektowaga's average rate one year ago was 7.85%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Buffalo - Cheektowaga 30 Year Fixed Rate | 2024-11-07 | 6.58% |
| Buffalo - Cheektowaga 30 Year Fixed Rate Refi | 2024-11-07 | 7.99% |
| Buffalo - Cheektowaga 15 Year Fixed Rate | 2024-11-07 | 6.31% |
| Buffalo - Cheektowaga 15 Year Fixed Rate Refi | 2024-11-07 | 7.1% |
| Buffalo - Cheektowaga 30 Year FHA | 2024-11-07 | 6.25% |
| Buffalo - Cheektowaga 30 Year FHA Refi | 2024-11-07 | 6.23% |
| Buffalo - Cheektowaga 30 Year USDA | 2024-11-07 | 6.58% |
| Buffalo - Cheektowaga 30 Year USDA Refi | 2024-11-07 | 6.68% |
| Buffalo - Cheektowaga 30 Year VA | 2024-11-07 | 6.37% |
| Buffalo - Cheektowaga 30 Year VA Refi | 2024-11-07 | 6.24% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within BUFFALO-CHEEKTOWAGA, NY.
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 140 lenders originated 18,089
loans during 2023. The total origination value was $4,056,895,000, with an average loan value of
$224,274.
BUFFALO - CHEEKTOWAGA's average closing costs are $4,866.
The top BUFFALO - CHEEKTOWAGA lender as defined by loan originations is Premium Mortgage Corporation, with
991 loans originated. Their average total fees are
$4,290, which is $2,632
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee BUFFALO - CHEEKTOWAGA lenders (with over 10 loans originated) are
Discover Bank ($0), Community Bank ($406), Bank of America ($2,953), NIAGARA'S CHOICE ($3,584) and Tompkins Trust Company ($3,711).
The lowest rate BUFFALO - CHEEKTOWAGA lenders (with over 10 loans originated) are
GREATER WOODLAWN FEDERAL CREDIT UNION (5.16%), SEFCU SERVICES, LLC (5.51%), Morgan Stanley Private Bank (5.60%), NVR Mortgage Finance, Inc. (5.93%) and Five Star Bank (6.05%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| M&T Bank | $629,235,000 | $403,225,000 | -35.9% | 9.9% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $6,845,000 | $359,090,000 | 5,146.0% | 8.9% |
| Premium Mortgage Corporation | $366,675,000 | $319,735,000 | -12.8% | 7.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $279,995,000 | $301,030,000 | 7.5% | 7.4% |
| Northwest Bank | $239,945,000 | $222,815,000 | -7.1% | 5.5% |
| Five Star Bank | $208,845,000 | $210,110,000 | 0.6% | 5.2% |
| Citizens Bank | $294,170,000 | $182,585,000 | -37.9% | 4.5% |
| QUICKEN LOANS, LLC | $311,875,000 | $176,795,000 | -43.3% | 4.4% |
| KeyBank | $329,995,000 | $173,105,000 | -47.5% | 4.3% |
| HUNT MORTGAGE CORPORATION | $195,885,000 | $134,865,000 | -31.2% | 3.3% |
| Evans Bank | $145,760,000 | $120,870,000 | -17.1% | 3.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $98,445,000 | $114,025,000 | 15.8% | 2.8% |
| 1ST PRIORITY MORTGAGE, INC. | $127,765,000 | $109,325,000 | -14.4% | 2.7% |
| Cornerstone Community Federal Credit Union | $6,895,000 | $65,635,000 | 851.9% | 1.6% |
| Bank of America | $74,785,000 | $58,455,000 | -21.8% | 1.4% |
| CNB Bank | $104,650,000 | $54,190,000 | -48.2% | 1.3% |
| NEXTIER BANK, NATIONAL ASSOCIATION | $21,465,000 | $52,555,000 | 144.8% | 1.3% |
| Community Bank | $33,160,000 | $47,905,000 | 44.5% | 1.2% |
| Wells Fargo Bank | $186,490,000 | $39,115,000 | -79.0% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $8,535,000 | $34,925,000 | 309.2% | 0.9% |
| PLAZA HOME MORTGAGE, INC. | $20,225,000 | $32,255,000 | 59.5% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $36,370,000 | $30,715,000 | -15.5% | 0.8% |
| NVR Mortgage Finance, Inc. | $37,625,000 | $28,375,000 | -24.6% | 0.7% |
| Webster Bank | $295,000 | $26,965,000 | 9,040.7% | 0.7% |
| EVERETT FINANCIAL, INC. | $47,400,000 | $25,090,000 | -47.1% | 0.6% |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $35,070,000 | $24,865,000 | -29.1% | 0.6% |
| SEFCU SERVICES, LLC | $22,265,000 | $24,330,000 | 9.3% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $53,620,000 | $23,970,000 | -55.3% | 0.6% |
| Chemung Canal Trust Company | $16,730,000 | $21,065,000 | 25.9% | 0.5% |
| NEWREZ LLC | $10,995,000 | $20,460,000 | 86.1% | 0.5% |
| Alden State Bank | $23,915,000 | $20,180,000 | -15.6% | 0.5% |
| Mortgage Research Center, LLC | $28,325,000 | $20,070,000 | -29.1% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $24,060,000 | $19,415,000 | -19.3% | 0.5% |
| Western Division FCU | $19,950,000 | $18,810,000 | -5.7% | 0.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $39,195,000 | $17,340,000 | -55.8% | 0.4% |
| HOMESTEAD FUNDING CORP. | $19,345,000 | $16,680,000 | -13.8% | 0.4% |
| Bank of Holland | $21,210,000 | $16,230,000 | -23.5% | 0.4% |
| Lake Shore Savings Bank | $49,405,000 | $16,230,000 | -67.1% | 0.4% |
| JPMorgan Chase Bank | $25,120,000 | $15,160,000 | -39.6% | 0.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $15,160,000 | $14,955,000 | -1.4% | 0.4% |
| GREYSTONE SERVICING COMPANY LLC | $6,165,000 | $13,780,000 | 123.5% | 0.3% |
| TD Bank | $8,720,000 | $13,670,000 | 56.8% | 0.3% |
| COREVEST AMERICAN FINANCE LENDER LLC | $30,975,000 | $12,670,000 | -59.1% | 0.3% |
| THE SUMMIT Federal Credit Union | $15,645,000 | $12,495,000 | -20.1% | 0.3% |
| UIF CORPORATION | $5,115,000 | $12,160,000 | 137.7% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $12,105,000 | n/a | 0.3% | |
| U.S. Bank | $10,725,000 | $10,635,000 | -0.8% | 0.3% |
| Union Savings Bank | $1,905,000 | $10,605,000 | 456.7% | 0.3% |
| Tompkins Trust Company | $26,105,000 | $10,005,000 | -61.7% | 0.2% |
| USAA Federal Savings Bank | $10,150,000 | $9,760,000 | -3.8% | 0.2% |
| LOANDEPOT.COM, LLC | $34,385,000 | $9,495,000 | -72.4% | 0.2% |
| Arbor Realty Trust, Inc. | $9,490,000 | $9,340,000 | -1.6% | 0.2% |
| Discover Bank | $7,040,000 | $9,085,000 | 29.0% | 0.2% |
| Flagstar Bank, FSB | $13,220,000 | $8,805,000 | -33.4% | 0.2% |
| Empower Federal Credit Union | $10,000,000 | $7,965,000 | -20.4% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $11,130,000 | $7,735,000 | -30.5% | 0.2% |
| NIAGARA'S CHOICE | $10,830,000 | $7,340,000 | -32.2% | 0.2% |
| WALKER & DUNLOP, LLC | $21,420,000 | $7,015,000 | -67.3% | 0.2% |
| GUIDANCE RESIDENTIAL, LLC | $7,700,000 | $6,765,000 | -12.1% | 0.2% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $16,500,000 | $6,540,000 | -60.4% | 0.2% |
| HOME TOWN FUNDING, INC. | $9,125,000 | $6,340,000 | -30.5% | 0.2% |
| Moog Employees Federal Credit Union | $13,090,000 | $5,995,000 | -54.2% | 0.1% |
| Quontic Bank | $9,220,000 | $5,770,000 | -37.4% | 0.1% |
| GREATER WOODLAWN FEDERAL CREDIT UNION | $3,910,000 | $5,675,000 | 45.1% | 0.1% |
| Berkshire Bank | $325,000 | $5,545,000 | 1,606.2% | 0.1% |
| Morgan Stanley Private Bank | $3,750,000 | $5,360,000 | 42.9% | 0.1% |
| ONTARIO SHORES | $6,615,000 | $5,250,000 | -20.6% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $6,115,000 | $5,060,000 | -17.3% | 0.1% |
| Great Erie Federal Credit Union | $13,905,000 | $4,900,000 | -64.8% | 0.1% |
| Carrington Mortgage Services, LLC | $5,655,000 | $4,870,000 | -13.9% | 0.1% |
| The Upstate National Bank | $5,940,000 | $4,805,000 | -19.1% | 0.1% |
| Genesee Regional Bank | $930,000 | $4,690,000 | 404.3% | 0.1% |
| PARAGON HOME LOANS INC. | $8,205,000 | $4,670,000 | -43.1% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $23,550,000 | $4,580,000 | -80.6% | 0.1% |
| St Joseph's Parish Buffalo Federal Credit Union | $5,915,000 | $4,545,000 | -23.2% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $3,360,000 | $4,525,000 | 34.7% | 0.1% |
| The Federal Savings Bank | $4,225,000 | $4,295,000 | 1.7% | 0.1% |
| A&D Mortgage LLC | $2,740,000 | $4,090,000 | 49.3% | 0.1% |
| LIMA ONE CAPITAL, LLC | $5,875,000 | $3,910,000 | -33.4% | 0.1% |
| CMG MORTGAGE, INC. | $1,040,000 | $3,785,000 | 263.9% | 0.1% |
| Farm Credit East, ACA | $3,260,000 | $3,730,000 | 14.4% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $6,465,000 | $3,655,000 | -43.5% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $4,320,000 | $3,535,000 | -18.2% | 0.1% |
| RBC Bank, (Georgia) | $6,065,000 | $3,460,000 | -43.0% | 0.1% |
| PNC Bank | $6,935,000 | $3,255,000 | -53.1% | 0.1% |
| BETTER MORTGAGE CORPORATION | $7,540,000 | $3,150,000 | -58.2% | 0.1% |
| Financial Trust | $6,530,000 | $3,070,000 | -53.0% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $6,030,000 | $2,935,000 | -51.3% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $2,260,000 | $2,670,000 | 18.1% | 0.1% |
| Ukrainian Federal Credit Union | $2,905,000 | $2,605,000 | -10.3% | 0.1% |
| UBS Bank USA | $1,995,000 | $2,570,000 | 28.8% | 0.1% |
| Ally Bank | $1,375,000 | $2,560,000 | 86.2% | 0.1% |
| Raymond James Bank | $2,540,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $5,195,000 | $2,510,000 | -51.7% | 0.1% |
| 21ST MORTGAGE CORPORATION | $2,180,000 | $2,295,000 | 5.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $2,010,000 | $2,220,000 | 10.4% | 0.1% |
| FAMILY FIRST OF NY | $1,875,000 | $2,200,000 | 17.3% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $2,495,000 | $2,125,000 | -14.8% | 0.1% |
| The Lyons National Bank | $1,180,000 | $2,070,000 | 75.4% | 0.1% |
| Cattaraugus County Bank | $7,960,000 | $2,065,000 | -74.1% | 0.1% |
| CARDINAL FINANCIAL | $4,190,000 | $2,055,000 | -51.0% | 0.1% |
| NBKC BANK | $2,135,000 | $1,985,000 | -7.0% | 0.0% |
| Cathay Bank | $1,970,000 | n/a | 0.0% | |
| Citibank | $8,155,000 | $1,850,000 | -77.3% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $1,315,000 | $1,785,000 | 35.7% | 0.0% |
| Bethpage Federal Credit Union | $2,555,000 | $1,755,000 | -31.3% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,310,000 | $1,655,000 | -61.6% | 0.0% |
| LENDINGONE, LLC | $3,535,000 | $1,545,000 | -56.3% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $905,000 | $1,490,000 | 64.6% | 0.0% |
| Bank of England | $425,000 | $1,375,000 | 223.5% | 0.0% |
| EMBRACE HOME LOANS, INC. | $1,915,000 | $1,375,000 | -28.2% | 0.0% |
| SIRVA MORTGAGE, INC. | $3,485,000 | $1,300,000 | -62.7% | 0.0% |
| Great Southern Bank | $1,270,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $1,905,000 | $1,265,000 | -33.6% | 0.0% |
| Evolve Bank & Trust | $1,250,000 | n/a | 0.0% | |
| Fifth Third Bank | $875,000 | $1,245,000 | 42.3% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $1,205,000 | n/a | 0.0% | |
| RIVERSIDE | $1,505,000 | $1,180,000 | -21.6% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $340,000 | $1,140,000 | 235.3% | 0.0% |
| The Huntington National Bank | $895,000 | $1,055,000 | 17.9% | 0.0% |
| TEACHERS | $615,000 | $1,025,000 | 66.7% | 0.0% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $420,000 | $1,010,000 | 140.5% | 0.0% |
| OWNERSCHOICE FUNDING, INCORPORATED | $1,785,000 | $995,000 | -44.3% | 0.0% |
| US MORTGAGE CORPORATION | $820,000 | $985,000 | 20.1% | 0.0% |
| First-Citizens Bank & Trust Company | $950,000 | n/a | 0.0% | |
| City National Bank | $365,000 | $925,000 | 153.4% | 0.0% |
| CFCU Community Credit Union | $795,000 | $905,000 | 13.8% | 0.0% |
| CORNING | $1,905,000 | $895,000 | -53.0% | 0.0% |
| North American Savings Bank, F.S.B. | $2,200,000 | $870,000 | -60.5% | 0.0% |
| Stifel Bank and Trust | $1,120,000 | $860,000 | -23.2% | 0.0% |
| Baxter Credit Union | $2,165,000 | $825,000 | -61.9% | 0.0% |
| AMWEST FUNDING CORP. | $815,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $240,000 | $815,000 | 239.6% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $1,700,000 | $780,000 | -54.1% | 0.0% |
| CALIBER HOME LOANS, INC. | $47,205,000 | $765,000 | -98.4% | 0.0% |
| Charles Schwab Bank, SSB | $640,000 | $745,000 | 16.4% | 0.0% |
| First Savings Bank | $2,060,000 | $740,000 | -64.1% | 0.0% |
| Main Street Bank | $735,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $720,000 | n/a | 0.0% | |
| First National Bank of Pennsylvania | $720,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $2,010,000 | $715,000 | -64.4% | 0.0% |
| PREMIA MORTGAGE, LLC | $955,000 | $700,000 | -26.7% | 0.0% |
| Hometown Equity Mortgage, LLC | $2,535,000 | $695,000 | -72.6% | 0.0% |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $430,000 | $675,000 | 57.0% | 0.0% |
| MID-ISLAND MORTGAGE CORP. | $420,000 | $670,000 | 59.5% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $475,000 | $625,000 | 31.6% | 0.0% |
| SILVER HILL FUNDING, LLC | $1,630,000 | $625,000 | -61.7% | 0.0% |
| DIGITAL Federal Credit Union | $1,150,000 | $620,000 | -46.1% | 0.0% |
| The Canandaigua National Bank and Trust Company | $34,770,000 | $610,000 | -98.2% | 0.0% |
| Magnolia Bank | $670,000 | $605,000 | -9.7% | 0.0% |
| Northpointe Bank | $345,000 | $555,000 | 60.9% | 0.0% |
| Plains Commerce Bank | $425,000 | $555,000 | 30.6% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $535,000 | n/a | 0.0% | |
| Community First National Bank | $345,000 | $530,000 | 53.6% | 0.0% |
| State Department Federal Credit Union | $510,000 | $530,000 | 3.9% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $810,000 | $525,000 | -35.2% | 0.0% |
| GREENSTATE CREDIT UNION | $495,000 | n/a | 0.0% | |
| Nassau Educators Federal Credit Union | $180,000 | $495,000 | 175.0% | 0.0% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $1,325,000 | $480,000 | -63.8% | 0.0% |
| NJ LENDERS CORP. | $990,000 | $460,000 | -53.5% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $3,845,000 | $435,000 | -88.7% | 0.0% |
| FIRST SOURCE | $425,000 | n/a | 0.0% | |
| Truist | $1,655,000 | $415,000 | -74.9% | 0.0% |
| Axos Bank | $330,000 | $405,000 | 22.7% | 0.0% |
| The Northern Trust Company | $1,595,000 | $405,000 | -74.6% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $430,000 | $395,000 | -8.1% | 0.0% |
| GREENWOOD | $25,000 | $390,000 | 1,460.0% | 0.0% |
| Logan Finance Corporation | $380,000 | n/a | 0.0% | |
| RELIANT COMMUNITY FEDERAL CREDIT UNION | $95,000 | $380,000 | 300.0% | 0.0% |
| USAlliance Federal Credit Union | $225,000 | $355,000 | 57.8% | 0.0% |
| FM Home Loans, LLC | $345,000 | n/a | 0.0% | |
| S&T Bank | $1,925,000 | $345,000 | -82.1% | 0.0% |
| Ballston Spa National Bank | $240,000 | $340,000 | 41.7% | 0.0% |
| NP, Inc. | $330,000 | $335,000 | 1.5% | 0.0% |
| UTILITIES EMPLOYEES CREDIT UNION | $325,000 | $335,000 | 3.1% | 0.0% |
| SUNMARK FEDERAL CREDIT UNION | $55,000 | $330,000 | 500.0% | 0.0% |
| CLIFFCO, INC. | $320,000 | n/a | 0.0% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $225,000 | $310,000 | 37.8% | 0.0% |
| Uwharrie Bank | $305,000 | n/a | 0.0% | |
| Habib American Bank | $295,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $6,355,000 | $290,000 | -95.4% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,035,000 | $280,000 | -72.9% | 0.0% |
| EMM LOANS LLC | $405,000 | $275,000 | -32.1% | 0.0% |
| American Airlines Federal Credit Union | $270,000 | n/a | 0.0% | |
| The Union Bank Company | $265,000 | n/a | 0.0% | |
| First Western Trust Bank | $225,000 | $255,000 | 13.3% | 0.0% |
| MLB RESIDENTIAL LENDING, LLC | $95,000 | $250,000 | 163.2% | 0.0% |
| ARC HOME LLC | $205,000 | $245,000 | 19.5% | 0.0% |
| CHEVRON | $245,000 | n/a | 0.0% | |
| East Coast Capital Corp. | $245,000 | n/a | 0.0% | |
| Shamrock Home Loans, Inc. | $95,000 | $235,000 | 147.4% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $235,000 | n/a | 0.0% | |
| Metro City Bank | $3,045,000 | $225,000 | -92.6% | 0.0% |
| Signature Federal Credit Union | $185,000 | $210,000 | 13.5% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $540,000 | $205,000 | -62.0% | 0.0% |
| First Federal Bank | $580,000 | $205,000 | -64.7% | 0.0% |
| LYNX MORTGAGE BANK LLC | $205,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $205,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $195,000 | n/a | 0.0% | |
| Advantage Federal Credit Union | $310,000 | $190,000 | -38.7% | 0.0% |
| ASSOCIATED MORTGAGE BANKERS, INC. | $190,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $280,000 | $185,000 | -33.9% | 0.0% |
| GENESEE VALLEY | $130,000 | $180,000 | 38.5% | 0.0% |
| ALLIANT CREDIT UNION | $1,050,000 | $175,000 | -83.3% | 0.0% |
| Savannah Bank | $175,000 | n/a | 0.0% | |
| Bank of Whittier | $660,000 | $165,000 | -75.0% | 0.0% |
| BOND STREET MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $460,000 | $165,000 | -64.1% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $585,000 | $155,000 | -73.5% | 0.0% |
| HARTFORD FUNDING, LTD. | $1,215,000 | $155,000 | -87.2% | 0.0% |
| Centier Bank | $305,000 | $150,000 | -50.8% | 0.0% |
| First National Bank of America | $145,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $1,800,000 | $135,000 | -92.5% | 0.0% |
| EASTMAN | $125,000 | n/a | 0.0% | |
| SouthStar Bank, S.S.B. | $125,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $200,000 | $125,000 | -37.5% | 0.0% |
| Citadel Servicing Corporation | $240,000 | $115,000 | -52.1% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $55,000 | $115,000 | 109.1% | 0.0% |
| Nations Lending Corporation | $255,000 | $95,000 | -62.7% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $95,000 | n/a | 0.0% | |
| MidFirst Bank | $45,000 | $90,000 | 100.0% | 0.0% |
| BayCoast Bank | $45,000 | $85,000 | 88.9% | 0.0% |
| Southwest Airlines Federal Credit Union | $85,000 | n/a | 0.0% | |
| SERVU FEDERAL CREDIT UNION | $55,000 | $80,000 | 45.5% | 0.0% |
| AMERICU Credit Union | $615,000 | $70,000 | -88.6% | 0.0% |
| BMI Federal Credit Union | $65,000 | n/a | 0.0% | |
| Connexus Credit Union | $65,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $15,000 | $45,000 | 200.0% | 0.0% |
| GARDEN SAVINGS FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| KINECTA | $35,000 | $35,000 | 0.0% | 0.0% |
| Northwest Federal Credit Union | $35,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | $15,000 | -40.0% | 0.0% |
BUFFALO - CHEEKTOWAGA's top lender by overall market share is M&T Bank, with 9.9% market share. In second place, with 8.9%, is JONES LANG LASALLE MULTIFAMILY, LLC, having originated $359,090,000 in loans. In third place, with 7.9%, is Premium Mortgage Corporation, having originated $319,735,000 in loans. In fourth place, with 7.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $301,030,000 in loans. In fifth place, with 5.5%, is Northwest Bank, having originated $222,815,000 in loans.
BUFFALO-CHEEKTOWAGA, NY Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 14001 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $810 | $850 | $1,000 | $1,220 | $1,380 |
| 14004 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $780 | $820 | $960 | $1,180 | $1,320 |
| 14006 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,100 | $1,350 | $1,510 |
| 14008 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $850 | $880 | $1,040 | $1,270 | $1,430 |
| 14009 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14010 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14012 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $700 | $750 | $940 | $1,160 | $1,270 |
| 14013 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14025 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $850 | $890 | $1,050 | $1,290 | $1,440 |
| 14026 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $970 | $1,020 | $1,200 | $1,470 | $1,650 |
| 14027 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14028 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,100 | $1,350 | $1,510 |
| 14030 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14031 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $790 | $820 | $970 | $1,190 | $1,330 |
| 14032 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,300 | $1,360 | $1,600 | $1,960 | $2,200 |
| 14033 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $930 | $980 | $1,150 | $1,410 | $1,580 |
| 14034 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $700 | $740 | $870 | $1,080 | $1,210 |
| 14035 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $700 | $740 | $870 | $1,080 | $1,210 |
| 14036 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14037 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $820 | $860 | $1,010 | $1,240 | $1,390 |
| 14038 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14043 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $920 | $960 | $1,130 | $1,380 | $1,550 |
| 14047 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $850 | $890 | $1,050 | $1,290 | $1,440 |
| 14051 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,300 | $1,360 | $1,600 | $1,960 | $2,200 |
| 14052 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $820 | $860 | $1,010 | $1,240 | $1,390 |
| 14055 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $720 | $750 | $880 | $1,080 | $1,210 |
| 14057 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $770 | $810 | $950 | $1,160 | $1,310 |
| 14059 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,050 | $1,100 | $1,290 | $1,580 | $1,770 |
| 14061 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,070 | $1,120 | $1,320 | $1,620 | $1,820 |
| 14067 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $850 | $890 | $1,050 | $1,290 | $1,440 |
| 14068 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,020 | $1,060 | $1,250 | $1,530 | $1,720 |
| 14069 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $840 | $870 | $1,030 | $1,260 | $1,410 |
| 14070 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $700 | $740 | $870 | $1,080 | $1,210 |
| 14072 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,050 | $1,100 | $1,290 | $1,580 | $1,770 |
| 14075 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $970 | $1,010 | $1,190 | $1,460 | $1,640 |
| 14080 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $850 | $880 | $1,040 | $1,270 | $1,430 |
| 14081 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $810 | $850 | $1,000 | $1,220 | $1,380 |
| 14085 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,080 | $1,130 | $1,330 | $1,630 | $1,830 |
| 14086 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $850 | $890 | $1,050 | $1,290 | $1,440 |
| 14091 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $720 | $750 | $880 | $1,080 | $1,210 |
| 14092 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $930 | $970 | $1,140 | $1,400 | $1,570 |
| 14094 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $800 | $840 | $990 | $1,210 | $1,360 |
| 14095 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $770 | $810 | $950 | $1,160 | $1,310 |
| 14098 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $760 | $860 | $1,070 | $1,300 | $1,440 |
| 14102 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14103 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $740 | $840 | $1,050 | $1,280 | $1,410 |
| 14105 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $700 | $750 | $940 | $1,160 | $1,270 |
| 14107 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $770 | $810 | $950 | $1,160 | $1,310 |
| 14108 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $770 | $810 | $950 | $1,160 | $1,310 |
| 14109 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $770 | $810 | $950 | $1,160 | $1,310 |
| 14110 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14111 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $740 | $770 | $910 | $1,110 | $1,250 |
| 14112 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $950 | $1,000 | $1,180 | $1,450 | $1,620 |
| 14120 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $800 | $830 | $980 | $1,200 | $1,350 |
| 14126 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,100 | $1,350 | $1,510 |
| 14127 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,000 | $1,050 | $1,230 | $1,510 | $1,690 |
| 14131 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,060 | $1,100 | $1,300 | $1,590 | $1,790 |
| 14132 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $830 | $870 | $1,020 | $1,250 | $1,400 |
| 14134 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $880 | $920 | $1,070 | $1,320 | $1,480 |
| 14139 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $840 | $880 | $1,030 | $1,260 | $1,420 |
| 14140 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14141 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $700 | $740 | $870 | $1,080 | $1,210 |
| 14144 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $770 | $810 | $950 | $1,160 | $1,310 |
| 14145 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $870 | $910 | $1,070 | $1,310 | $1,470 |
| 14150 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $920 | $960 | $1,130 | $1,380 | $1,550 |
| 14151 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14169 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $820 | $860 | $1,010 | $1,240 | $1,390 |
| 14170 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $800 | $840 | $990 | $1,210 | $1,360 |
| 14172 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $900 | $940 | $1,110 | $1,360 | $1,530 |
| 14173 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14174 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $850 | $880 | $1,040 | $1,270 | $1,430 |
| 14201 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $840 | $880 | $1,030 | $1,260 | $1,420 |
| 14202 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,100 | $1,350 | $1,510 |
| 14203 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,210 | $1,270 | $1,490 | $1,830 | $2,050 |
| 14204 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $720 | $750 | $880 | $1,080 | $1,210 |
| 14205 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14206 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $800 | $830 | $980 | $1,200 | $1,350 |
| 14207 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $760 | $790 | $930 | $1,140 | $1,280 |
| 14208 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $870 | $910 | $1,070 | $1,310 | $1,470 |
| 14209 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $860 | $900 | $1,060 | $1,300 | $1,460 |
| 14210 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $800 | $830 | $980 | $1,200 | $1,350 |
| 14211 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $790 | $820 | $970 | $1,190 | $1,330 |
| 14212 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $770 | $810 | $950 | $1,160 | $1,310 |
| 14213 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $840 | $880 | $1,030 | $1,260 | $1,420 |
| 14214 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $900 | $940 | $1,110 | $1,360 | $1,530 |
| 14215 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $780 | $820 | $960 | $1,180 | $1,320 |
| 14216 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,000 | $1,050 | $1,230 | $1,510 | $1,690 |
| 14217 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $840 | $880 | $1,030 | $1,260 | $1,420 |
| 14218 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $750 | $780 | $920 | $1,130 | $1,270 |
| 14219 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $800 | $840 | $990 | $1,210 | $1,360 |
| 14220 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $810 | $850 | $1,000 | $1,220 | $1,380 |
| 14221 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,150 | $1,200 | $1,410 | $1,730 | $1,940 |
| 14222 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $950 | $990 | $1,170 | $1,430 | $1,610 |
| 14223 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $830 | $870 | $1,020 | $1,250 | $1,400 |
| 14224 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $930 | $980 | $1,150 | $1,410 | $1,580 |
| 14225 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $840 | $880 | $1,030 | $1,260 | $1,420 |
| 14226 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $990 | $1,040 | $1,220 | $1,490 | $1,680 |
| 14227 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,000 | $1,050 | $1,230 | $1,510 | $1,690 |
| 14228 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,120 | $1,170 | $1,380 | $1,690 | $1,900 |
| 14231 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14233 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14240 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14261 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $1,120 | $1,170 | $1,370 | $1,680 | $1,890 |
| 14263 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14272 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14273 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14280 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $890 | $930 | $1,090 | $1,340 | $1,500 |
| 14301 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $720 | $760 | $890 | $1,090 | $1,220 |
| 14302 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $720 | $760 | $890 | $1,090 | $1,220 |
| 14303 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $750 | $780 | $920 | $1,130 | $1,270 |
| 14304 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $770 | $810 | $950 | $1,160 | $1,310 |
| 14305 | Buffalo-Cheektowaga-Niagara Falls, NY MSA | $800 | $840 | $990 | $1,210 | $1,360 |
2022 Average & Median Rent Data Statistics
BUFFALO-CHEEKTOWAGA, NY average 1BR rent: $911, median: $890
BUFFALO-CHEEKTOWAGA, NY average 2BR rent: $1,073, median: $1,055
BUFFALO-CHEEKTOWAGA, NY average 3BR rent: $1,316, median: $1,295
BUFFALO-CHEEKTOWAGA, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 9,698 | $2,512,780,000 | $259,103 |
| Home Improvement | 2,806 | $250,050,000 | $89,113 |
| Cash Out Refi | 1,996 | $359,310,000 | $180,015 |
| Other | 1,833 | $183,035,000 | $99,855 |
| Refi | 1,754 | $751,620,000 | $428,518 |
| NA | 2 | $100,000 | $50,000 |
Buffalo - Cheektowaga's most frequently cited loan purpose was Home Purchase, with 9,698 originations. The 2nd most popular reason was Home Improvement, with 2,806 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 6,824 | $1,539,490,000 | $225,599 |
| 7-8% | 3,621 | $884,835,000 | $244,362 |
| Over 8% | 3,434 | $411,290,000 | $119,770 |
| 5-6% | 2,364 | $955,560,000 | $404,213 |
| <2.5% | 826 | $67,850,000 | $82,143 |
| 4-5% | 271 | $64,895,000 | $239,465 |
| 2.5-3% | 85 | $13,925,000 | $163,824 |
| 3-4% | 72 | $22,060,000 | $306,389 |
During 2023, Buffalo - Cheektowaga's most frequently originated rate bucket was 6-7%, with 6,824 originations.
Loan Sizing (BUFFALO-CHEEKTOWAGA, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 6,656 | $977,950,000 | $146,928 |
| $200k-400k | 5,213 | $1,390,065,000 | $266,654 |
| $100,000 or less | 5,020 | $284,480,000 | $56,669 |
| $400k-600k | 879 | $414,865,000 | $471,974 |
| $600k-1000k | 228 | $163,360,000 | $716,491 |
| $Over $1MM | 93 | $826,175,000 | $8,883,602 |
BUFFALO - CHEEKTOWAGA's loan sizing saw the bucket of loans from $100k-200k with 6,656 originations, totaling $977,950,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 6,543 | $1,632,565,000 | $249,513 |
| 60-80% | 3,925 | $1,161,575,000 | $295,943 |
| 20-40% | 2,842 | $277,980,000 | $97,811 |
| Under 20% | 2,107 | $108,625,000 | $51,554 |
| 40-60% | 1,955 | $404,485,000 | $206,898 |
| Over 100% | 99 | $386,115,000 | $3,900,152 |
BUFFALO - CHEEKTOWAGA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 6,543 originations, totaling $1,632,565,000 in origination value.