BUFFALO - CHEEKTOWAGA Mortgage Rates
30 Year Fixed Rate mortgages in Buffalo - Cheektowaga averaged
5.5%
for the week of 2022-05-19, compared to the national average of
5.25% for the same period.
The average rate for the prior week (2022-05-12) was
5.35% and
one month ago for the week of 2022-04-14, the
average rate was 5.15%.
Buffalo - Cheektowaga's average rate one year ago was 3.09%.
For refis of the same type during the week of 2022-05-19, the average rate
was 5.74%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-19 | 5.25% |
| Buffalo - Cheektowaga 30 Year Fixed Rate | 2022-05-19 | 5.5% |
| Buffalo - Cheektowaga 30 Year Fixed Rate Refi | 2022-05-19 | 5.74% |
| Buffalo - Cheektowaga 15 Year Fixed Rate | 2022-05-19 | 4.89% |
| Buffalo - Cheektowaga 15 Year Fixed Rate Refi | 2022-05-19 | 4.64% |
| Buffalo - Cheektowaga 30 Year FHA | 2022-05-19 | 5.15% |
| Buffalo - Cheektowaga 30 Year FHA Refi | 2022-05-19 | 5.38% |
| Buffalo - Cheektowaga 30 Year USDA | 2022-05-19 | 5.57% |
| Buffalo - Cheektowaga 30 Year USDA Refi | 2022-05-19 | 5.33% |
| Buffalo - Cheektowaga 30 Year VA | 2022-05-19 | 5.54% |
| Buffalo - Cheektowaga 30 Year VA Refi | 2022-05-19 | 5.26% |
BUFFALO - CHEEKTOWAGA Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, 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, NY's 178 lenders originated 33,501
loans during 2021. The total origination value was $6,649,275,000, with an average loan value of
$198,480.
The top BUFFALO - CHEEKTOWAGA lender as defined by loan originations is QUICKEN LOANS, LLC, with
1,435 loans originated. Their average total fees are
$5,234, which is $1,400
higher than the next largest lender,
Manufacturers and Traders Trust Company.
The lowest fee BUFFALO - CHEEKTOWAGA lenders (with over 10 loans originated) are
Discover Bank ($0), Community Bank ($915), ONTARIO SHORES ($2,355), Bank of America ($2,379) and THE SUMMIT Federal Credit Union ($2,487).
The lowest rate BUFFALO - CHEEKTOWAGA lenders (with over 10 loans originated) are
Bank of America (2.60%), HSBC BANK USA, NATIONAL ASSOCIATION (2.81%), PENTAGON FEDERAL CREDIT UNION (2.90%), U.S. Bank (2.91%) and BETTER MORTGAGE CORPORATION (2.96%).
BUFFALO-CHEEKTOWAGA, NY Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| Manufacturers and Traders Trust Company | $746,030,000 | $770,230,000 | 3.2% | 11.6% |
| QUICKEN LOANS, LLC | $496,105,000 | $690,065,000 | 39.1% | 10.4% |
| KeyBank | $540,585,000 | $687,500,000 | 27.2% | 10.3% |
| Premium Mortgage Corporation | $429,690,000 | $459,195,000 | 6.9% | 6.9% |
| Northwest Bank | $331,525,000 | $329,415,000 | -0.6% | 5.0% |
| Citizens Bank | $215,750,000 | $311,205,000 | 44.2% | 4.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $109,480,000 | $261,740,000 | 139.1% | 3.9% |
| HUNT MORTGAGE CORPORATION | $237,715,000 | $253,735,000 | 6.7% | 3.8% |
| 1ST PRIORITY MORTGAGE, INC. | $203,520,000 | $224,325,000 | 10.2% | 3.4% |
| Five Star Bank | $213,660,000 | $195,905,000 | -8.3% | 2.9% |
| Evans Bank | $128,820,000 | $159,760,000 | 24.0% | 2.4% |
| M&T Realty Capital Corporation | $11,670,000 | $157,365,000 | 1,248.5% | 2.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $108,490,000 | $120,445,000 | 11.0% | 1.8% |
| Bank of America | $92,030,000 | $113,950,000 | 23.8% | 1.7% |
| Wells Fargo Bank | $61,900,000 | $108,335,000 | 75.0% | 1.6% |
| CNB Bank | $92,035,000 | $88,155,000 | -4.2% | 1.3% |
| NEWREZ LLC | $35,460,000 | $79,590,000 | 124.5% | 1.2% |
| OWNERSCHOICE FUNDING, INCORPORATED | $86,480,000 | $67,030,000 | -22.5% | 1.0% |
| LOANDEPOT.COM, LLC | $59,655,000 | $63,495,000 | 6.4% | 1.0% |
| CALIBER HOME LOANS, INC. | $60,015,000 | $63,130,000 | 5.2% | 0.9% |
| HOME POINT FINANCIAL CORPORATION | $53,885,000 | $62,865,000 | 16.7% | 0.9% |
| FREEDOM MORTGAGE CORPORATION | $36,175,000 | $53,900,000 | 49.0% | 0.8% |
| Lake Shore Savings Bank | $53,640,000 | $53,730,000 | 0.2% | 0.8% |
| Community Bank | $23,245,000 | $48,815,000 | 110.0% | 0.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $44,695,000 | $47,940,000 | 7.3% | 0.7% |
| MOVEMENT MORTGAGE, LLC | $43,365,000 | $45,045,000 | 3.9% | 0.7% |
| COREVEST AMERICAN FINANCE LENDER LLC | $42,710,000 | n/a | 0.6% | |
| Alden State Bank | $35,340,000 | $40,845,000 | 15.6% | 0.6% |
| SEFCU SERVICES, LLC | $42,875,000 | $39,525,000 | -7.8% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,755,000 | $38,910,000 | 718.3% | 0.6% |
| ALLIANT CREDIT UNION | $1,040,000 | $38,620,000 | 3,613.5% | 0.6% |
| JPMorgan Chase Bank | $17,955,000 | $36,555,000 | 103.6% | 0.5% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $44,315,000 | $33,375,000 | -24.7% | 0.5% |
| AMERICAN FINANCIAL NETWORK, INC. | $27,095,000 | $33,365,000 | 23.1% | 0.5% |
| HOMESTEAD FUNDING CORP. | $37,700,000 | $32,290,000 | -14.4% | 0.5% |
| BETTER MORTGAGE CORPORATION | $6,355,000 | $31,060,000 | 388.7% | 0.5% |
| NVR Mortgage Finance, Inc. | $25,815,000 | $28,865,000 | 11.8% | 0.4% |
| THE SUMMIT Federal Credit Union | $32,245,000 | $28,140,000 | -12.7% | 0.4% |
| The Bank of Castile | $25,970,000 | $27,160,000 | 4.6% | 0.4% |
| WALKER & DUNLOP, LLC | $6,355,000 | $25,830,000 | 306.5% | 0.4% |
| Mortgage Research Center, LLC | $14,830,000 | $25,390,000 | 71.2% | 0.4% |
| Liberty Bank | $25,360,000 | n/a | 0.4% | |
| NAVY FEDERAL CREDIT UNION | $21,365,000 | $25,280,000 | 18.3% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $30,650,000 | $23,975,000 | -21.8% | 0.4% |
| Bank of Holland | $15,720,000 | $23,785,000 | 51.3% | 0.4% |
| PARAGON HOME LOANS INC. | $21,885,000 | $21,975,000 | 0.4% | 0.3% |
| EVERETT FINANCIAL, INC. | $80,650,000 | $21,445,000 | -73.4% | 0.3% |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $12,550,000 | $20,090,000 | 60.1% | 0.3% |
| USAA Federal Savings Bank | $23,655,000 | $16,940,000 | -28.4% | 0.3% |
| St Joseph's Parish Buffalo Federal Credit Union | $7,935,000 | $14,480,000 | 82.5% | 0.2% |
| Carrington Mortgage Services, LLC | $17,995,000 | $14,170,000 | -21.3% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $6,125,000 | $14,165,000 | 131.3% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $10,570,000 | $13,380,000 | 26.6% | 0.2% |
| BUFFALO METROPOLITAN FEDERAL CREDIT UNION | $11,615,000 | n/a | 0.2% | |
| ROYAL UNITED MORTGAGE LLC | $7,800,000 | $11,525,000 | 47.8% | 0.2% |
| Flagstar Bank, FSB | $10,985,000 | $11,310,000 | 3.0% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,805,000 | $10,335,000 | 115.1% | 0.2% |
| TD Bank | $6,505,000 | $10,015,000 | 54.0% | 0.2% |
| Citibank | $7,260,000 | $9,850,000 | 35.7% | 0.1% |
| ONTARIO SHORES | $14,750,000 | $9,795,000 | -33.6% | 0.1% |
| GREYSTONE SERVICING COMPANY LLC | $23,570,000 | $9,620,000 | -59.2% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,750,000 | $9,410,000 | 437.7% | 0.1% |
| The Federal Savings Bank | $9,700,000 | $8,975,000 | -7.5% | 0.1% |
| HOME TOWN FUNDING, INC. | $6,880,000 | $8,490,000 | 23.4% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $7,295,000 | $8,305,000 | 13.8% | 0.1% |
| Empower Federal Credit Union | $27,205,000 | $7,880,000 | -71.0% | 0.1% |
| U.S. Bank | $7,850,000 | $7,750,000 | -1.3% | 0.1% |
| The Upstate National Bank | $5,405,000 | $7,645,000 | 41.4% | 0.1% |
| Quontic Bank | $320,000 | $6,990,000 | 2,084.4% | 0.1% |
| GUARANTEED RATE, INC. | $5,720,000 | $6,545,000 | 14.4% | 0.1% |
| PNC Bank | $2,250,000 | $6,420,000 | 185.3% | 0.1% |
| CAPITAL COMMUNICATIONS Federal Credit Union | $265,000 | $6,355,000 | 2,298.1% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $595,000 | $5,855,000 | 884.0% | 0.1% |
| InterContinental Capital Group, Inc | $1,825,000 | $5,420,000 | 197.0% | 0.1% |
| NIAGARA'S CHOICE | $4,150,000 | $5,395,000 | 30.0% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $3,315,000 | $5,315,000 | 60.3% | 0.1% |
| Discover Bank | $4,415,000 | $5,300,000 | 20.0% | 0.1% |
| GREATER WOODLAWN FEDERAL CREDIT UNION | $5,250,000 | $5,280,000 | 0.6% | 0.1% |
| Ukrainian Federal Credit Union | $2,585,000 | $5,220,000 | 101.9% | 0.1% |
| North American Savings Bank, F.S.B. | $4,005,000 | $4,895,000 | 22.2% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $3,375,000 | $4,815,000 | 42.7% | 0.1% |
| PHH Mortgage Corporation | $2,770,000 | $4,390,000 | 58.5% | 0.1% |
| EMBRACE HOME LOANS, INC. | $4,110,000 | $4,220,000 | 2.7% | 0.1% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $7,855,000 | $3,915,000 | -50.2% | 0.1% |
| Genesee Regional Bank | $3,730,000 | $3,890,000 | 4.3% | 0.1% |
| First Savings Bank | $3,635,000 | $3,825,000 | 5.2% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,010,000 | $3,810,000 | 277.2% | 0.1% |
| NBKC BANK | $2,080,000 | $3,630,000 | 74.5% | 0.1% |
| Baxter Credit Union | $160,000 | $3,495,000 | 2,084.4% | 0.1% |
| Cattaraugus County Bank | $6,355,000 | $3,475,000 | -45.3% | 0.1% |
| LIMA ONE CAPITAL, LLC | $190,000 | $3,440,000 | 1,710.5% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $825,000 | $3,190,000 | 286.7% | 0.0% |
| First Federal Bank | $3,015,000 | $3,065,000 | 1.7% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $4,100,000 | $3,045,000 | -25.7% | 0.0% |
| Financial Trust | $810,000 | $3,025,000 | 273.5% | 0.0% |
| UIF CORPORATION | $475,000 | $2,970,000 | 525.3% | 0.0% |
| Charles Schwab Bank, SSB | $145,000 | $2,965,000 | 1,944.8% | 0.0% |
| A&D Mortgage LLC | $2,895,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,010,000 | $2,770,000 | 174.3% | 0.0% |
| CONSTRUCTIVE LOANS, LLC | $2,730,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,620,000 | $2,640,000 | 63.0% | 0.0% |
| Chemung Canal Trust Company | $2,585,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $1,070,000 | $2,400,000 | 124.3% | 0.0% |
| UNITED MORTGAGE CORP. | $895,000 | $2,270,000 | 153.6% | 0.0% |
| AMERICAN ADVISORS GROUP | $1,635,000 | $2,230,000 | 36.4% | 0.0% |
| SIRVA MORTGAGE, INC. | $4,605,000 | $2,215,000 | -51.9% | 0.0% |
| 21ST MORTGAGE CORPORATION | $2,165,000 | $2,070,000 | -4.4% | 0.0% |
| S&T Bank | $2,130,000 | $2,065,000 | -3.1% | 0.0% |
| Cornerstone Community Federal Credit Union | $15,250,000 | $2,050,000 | -86.6% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $475,000 | $1,985,000 | 317.9% | 0.0% |
| City National Bank | $1,905,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $385,000 | $1,900,000 | 393.5% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $1,860,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $2,360,000 | $1,810,000 | -23.3% | 0.0% |
| TIAA, FSB | $3,595,000 | $1,745,000 | -51.5% | 0.0% |
| Truist Bank | $1,480,000 | $1,565,000 | 5.7% | 0.0% |
| Goldman Sachs Bank USA | $765,000 | $1,510,000 | 97.4% | 0.0% |
| Stifel Bank and Trust | $620,000 | $1,510,000 | 143.5% | 0.0% |
| LENDINGONE, LLC | $430,000 | $1,495,000 | 247.7% | 0.0% |
| FAMILY FIRST OF NY | $2,475,000 | $1,480,000 | -40.2% | 0.0% |
| PLANET HOME LENDING, LLC | $1,315,000 | $1,480,000 | 12.5% | 0.0% |
| FINANCE OF AMERICA COMMERCIAL LLC | $3,530,000 | $1,425,000 | -59.6% | 0.0% |
| RBC Bank, (Georgia) | $835,000 | $1,420,000 | 70.1% | 0.0% |
| MLD MORTGAGE INC. | $265,000 | $1,340,000 | 405.7% | 0.0% |
| The Lyons National Bank | $3,815,000 | $1,335,000 | -65.0% | 0.0% |
| ARC HOME LLC | $1,075,000 | $1,310,000 | 21.9% | 0.0% |
| Metro City Bank | $690,000 | $1,275,000 | 84.8% | 0.0% |
| FirstBank | $1,250,000 | n/a | 0.0% | |
| Pinnacle Bank | $1,205,000 | n/a | 0.0% | |
| CCFCU FUNDING, LLC | $135,000 | $1,160,000 | 759.3% | 0.0% |
| Bethpage Federal Credit Union | $1,175,000 | $1,150,000 | -2.1% | 0.0% |
| MID-ISLAND MORTGAGE CORP. | $1,780,000 | $1,150,000 | -35.4% | 0.0% |
| Santander Bank, N.A. | $1,285,000 | $1,105,000 | -14.0% | 0.0% |
| Farm Credit East, ACA | $2,665,000 | $1,100,000 | -58.7% | 0.0% |
| Mercer County State Bank | $1,095,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $380,000 | $1,095,000 | 188.2% | 0.0% |
| AMERICU Credit Union | $670,000 | $1,060,000 | 58.2% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $380,000 | $1,060,000 | 178.9% | 0.0% |
| Bank of England | $1,650,000 | $1,030,000 | -37.6% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $155,000 | $1,015,000 | 554.8% | 0.0% |
| TOTAL MORTGAGE SERVICES, LLC | $600,000 | $1,015,000 | 69.2% | 0.0% |
| Visio Financial Services Inc. | $1,595,000 | $1,005,000 | -37.0% | 0.0% |
| Generations Bank | $925,000 | $990,000 | 7.0% | 0.0% |
| LENDSURE MORTGAGE CORP. | $985,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $255,000 | $950,000 | 272.5% | 0.0% |
| First National Bank of America | $950,000 | n/a | 0.0% | |
| Fifth Third Bank | $925,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $910,000 | n/a | 0.0% | |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $885,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $420,000 | $865,000 | 106.0% | 0.0% |
| PREMIA MORTGAGE, LLC | $1,065,000 | $860,000 | -19.2% | 0.0% |
| TEACHERS | $1,550,000 | $845,000 | -45.5% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $825,000 | n/a | 0.0% | |
| Plains Commerce Bank | $440,000 | $825,000 | 87.5% | 0.0% |
| Valley Central Bank | $810,000 | n/a | 0.0% | |
| Paramount Bank | $445,000 | $795,000 | 78.7% | 0.0% |
| FM Home Loans, LLC | $365,000 | $780,000 | 113.7% | 0.0% |
| ORIX REAL ESTATE CAPITAL, LLC | $88,250,000 | $735,000 | -99.2% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $570,000 | $735,000 | 28.9% | 0.0% |
| FAMILY FIRST FUNDING LLC | $430,000 | $730,000 | 69.8% | 0.0% |
| First Federal Bank of Kansas City | $720,000 | n/a | 0.0% | |
| BNY Mellon | $715,000 | n/a | 0.0% | |
| Northwest Bank | $331,525,000 | $715,000 | -99.8% | 0.0% |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $440,000 | $710,000 | 61.4% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $2,605,000 | $670,000 | -74.3% | 0.0% |
| RESIDENTIAL HOME FUNDING CORP. | $920,000 | $665,000 | -27.7% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,980,000 | $645,000 | -67.4% | 0.0% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $230,000 | $620,000 | 169.6% | 0.0% |
| UBS Bank USA | $2,155,000 | $590,000 | -72.6% | 0.0% |
| Leader Bank | $560,000 | n/a | 0.0% | |
| CORNING | $2,395,000 | $555,000 | -76.8% | 0.0% |
| NASA Federal Credit Union | $555,000 | n/a | 0.0% | |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $555,000 | n/a | 0.0% | |
| PARKSIDE LENDING, LLC | $1,910,000 | $550,000 | -71.2% | 0.0% |
| Mortgage World Bankers, Inc. | $530,000 | n/a | 0.0% | |
| Magnolia Bank | $1,235,000 | $515,000 | -58.3% | 0.0% |
| Morgan Stanley Private Bank | $2,655,000 | $515,000 | -80.6% | 0.0% |
| COMMONFUND MORTGAGE CORP. | $510,000 | n/a | 0.0% | |
| The Union Bank Company | $1,230,000 | $500,000 | -59.3% | 0.0% |
| FIRST TECHNOLOGY | $495,000 | n/a | 0.0% | |
| First Home Bank | $2,685,000 | $490,000 | -81.8% | 0.0% |
| INTERSTATE HOME LOAN CENTER, INC. | $490,000 | n/a | 0.0% | |
| GENESEE VALLEY | $115,000 | $460,000 | 300.0% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $465,000 | $445,000 | -4.3% | 0.0% |
| Citizens & Northern Bank | $435,000 | $440,000 | 1.1% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $310,000 | $440,000 | 41.9% | 0.0% |
| Northpointe Bank | $1,305,000 | $440,000 | -66.3% | 0.0% |
| Axos Bank | $430,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $225,000 | $430,000 | 91.1% | 0.0% |
| First Horizon Bank | $425,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $205,000 | $425,000 | 107.3% | 0.0% |
| WINGS FINANCIAL | $270,000 | $425,000 | 57.4% | 0.0% |
| RELIANT COMMUNITY FEDERAL CREDIT UNION | $405,000 | $420,000 | 3.7% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $135,000 | $410,000 | 203.7% | 0.0% |
| Valley National Bank | $85,000 | $400,000 | 370.6% | 0.0% |
| JET DIRECT FUNDING CORP | $395,000 | n/a | 0.0% | |
| Elements Financial Federal Credit Union | $385,000 | n/a | 0.0% | |
| AmRes Corporation | $370,000 | n/a | 0.0% | |
| NORTHROP GRUMMAN Federal Credit Union | $550,000 | $370,000 | -32.7% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $235,000 | $370,000 | 57.4% | 0.0% |
| SELF RELIANCE NY Federal Credit Union | $365,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $360,000 | n/a | 0.0% | |
| BNC National Bank | $375,000 | $345,000 | -8.0% | 0.0% |
| EQUITY NOW INC. | $345,000 | $345,000 | 0.0% | 0.0% |
| FIRST SOURCE | $335,000 | n/a | 0.0% | |
| First State Bank | $335,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $1,140,000 | $330,000 | -71.1% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $315,000 | n/a | 0.0% | |
| HARTFORD FUNDING, LTD. | $315,000 | n/a | 0.0% | |
| BOND STREET MORTGAGE, LLC | $295,000 | n/a | 0.0% | |
| Pathfinder Bank | $295,000 | n/a | 0.0% | |
| KINECTA | $275,000 | n/a | 0.0% | |
| Atlantic Home Loans, Inc. | $270,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $260,000 | n/a | 0.0% | |
| RESIDENTIAL MORTGAGE SERVICES, INC. | $1,185,000 | $260,000 | -78.1% | 0.0% |
| Allied First Bank,sb | $255,000 | n/a | 0.0% | |
| Cincinnati Federal | $255,000 | n/a | 0.0% | |
| HUDSON VALLEY CREDIT UNION | $105,000 | $255,000 | 142.9% | 0.0% |
| Bank of Whittier | $660,000 | $250,000 | -62.1% | 0.0% |
| Southwest Airlines Federal Credit Union | $240,000 | n/a | 0.0% | |
| Nassau Educators Federal Credit Union | $235,000 | n/a | 0.0% | |
| Seneca Savings | $155,000 | $235,000 | 51.6% | 0.0% |
| ATLANTA POSTAL | $230,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $335,000 | $225,000 | -32.8% | 0.0% |
| Evolve Bank & Trust | $225,000 | n/a | 0.0% | |
| Kwik Mortgage Corporation | $225,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $215,000 | n/a | 0.0% | |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $425,000 | $205,000 | -51.8% | 0.0% |
| APCI Federal Credit Union | $195,000 | n/a | 0.0% | |
| JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. | $195,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $225,000 | $195,000 | -13.3% | 0.0% |
| AMERICAN HERITAGE FCU | $185,000 | n/a | 0.0% | |
| Shamrock Home Loans, Inc. | $180,000 | n/a | 0.0% | |
| Armed Forces Bank | $175,000 | n/a | 0.0% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| SUNMARK FEDERAL CREDIT UNION | $155,000 | $165,000 | 6.5% | 0.0% |
| Operating Engineers Local Union #3 | $155,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $145,000 | n/a | 0.0% | |
| CLIFFCO, INC. | $285,000 | $145,000 | -49.1% | 0.0% |
| United Nations Federal Credit Union | $145,000 | n/a | 0.0% | |
| Abacus Federal Savings Bank | $135,000 | n/a | 0.0% | |
| BLUELEAF LENDING, LLC | $315,000 | $135,000 | -57.1% | 0.0% |
| First Western Trust Bank | $135,000 | n/a | 0.0% | |
| INLAND BANK & TRUST | $135,000 | n/a | 0.0% | |
| SHARONVIEW FEDERAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| Webster Bank | $135,000 | $135,000 | 0.0% | 0.0% |
| WESCOM CENTRAL CREDIT UNION | $135,000 | n/a | 0.0% | |
| ADVANCIAL | $125,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $125,000 | n/a | 0.0% | |
| Popular Bank | $575,000 | $125,000 | -78.3% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $185,000 | $125,000 | -32.4% | 0.0% |
| TEG Federal Credit Union | $115,000 | n/a | 0.0% | |
| Atlantic Union Bank | $325,000 | $105,000 | -67.7% | 0.0% |
| Cathay Bank | $105,000 | n/a | 0.0% | |
| Secured Investment Corp. | $105,000 | n/a | 0.0% | |
| ALLEGACY FEDERAL CREDIT UNION | $215,000 | $95,000 | -55.8% | 0.0% |
| Centier Bank | $175,000 | $95,000 | -45.7% | 0.0% |
| Ballston Spa National Bank | $50,000 | $85,000 | 70.0% | 0.0% |
| SERVU FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| GREENWOOD | $70,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $170,000 | $65,000 | -61.8% | 0.0% |
| STAR USA FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $385,000 | $55,000 | -85.7% | 0.0% |
| SUFFOLK | $55,000 | n/a | 0.0% | |
| Connexus Credit Union | $45,000 | n/a | 0.0% | |
| FOUR POINTS | $45,000 | n/a | 0.0% | |
| BayCoast Bank | $70,000 | $35,000 | -50.0% | 0.0% |
| COUNTRYSIDE Federal Credit Union | $185,000 | $30,000 | -83.8% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $25,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $395,000 | $25,000 | -93.7% | 0.0% |
BUFFALO - CHEEKTOWAGA's top lender by overall market share is Manufacturers and Traders Trust Company, with 11.6% market share. In second place, with 10.4%, is QUICKEN LOANS, LLC, having originated $690,065,000 in loans. In third place, with 10.3%, is KeyBank, having originated $687,500,000 in loans. In third place, with 6.9%, is Premium Mortgage Corporation, having originated $459,195,000 in loans. In third place, with 5.0%, is Northwest Bank, having originated $329,415,000 in loans.
BUFFALO-CHEEKTOWAGA, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 12,741 | $2,840,155,000 | $222,915 |
| Refi | 9,470 | $2,034,380,000 | $214,824 |
| Cash Out Refi | 7,326 | $1,392,710,000 | $190,105 |
| Home Improvement | 2,555 | $231,835,000 | $90,738 |
| Other | 1,406 | $149,770,000 | $106,522 |
| NA | 3 | $425,000 | $141,667 |
Buffalo - Cheektowaga's most frequently cited loan purpose was Home Purchase, with 12,741 originations. The 2nd most popular reason was Refi, with 9,470 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 12,671 | $2,487,985,000 | $196,353 |
| 3-4% | 11,431 | $2,323,285,000 | $203,244 |
| <2.5% | 5,294 | $926,830,000 | $175,072 |
| 4-5% | 1,643 | $300,675,000 | $183,004 |
| 5-6% | 614 | $71,310,000 | $116,140 |
| 6-7% | 429 | $40,155,000 | $93,601 |
| 7-8% | 183 | $9,625,000 | $52,596 |
| Over 8% | 98 | $7,550,000 | $77,041 |
During 2021, Buffalo - Cheektowaga's most frequently originated rate bucket was 2.5-3%, with 12,671 originations.
Loan Sizing (BUFFALO-CHEEKTOWAGA, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 15,475 | $2,266,665,000 | $146,473 |
| $200k-400k | 9,437 | $2,522,335,000 | $267,281 |
| $100,000 or less | 7,109 | $445,745,000 | $62,702 |
| $400k-600k | 1,163 | $545,465,000 | $469,015 |
| $600k-1000k | 205 | $152,795,000 | $745,341 |
| $Over $1MM | 112 | $716,270,000 | $6,395,268 |
BUFFALO - CHEEKTOWAGA's loan sizing saw the bucket of loans from $100k-200k with 15,475 originations, totaling $2,266,665,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 10,892 | $2,492,690,000 | $228,855 |
| 80-100% | 10,644 | $2,292,010,000 | $215,334 |
| 40-60% | 5,394 | $850,010,000 | $157,584 |
| 20-40% | 3,279 | $321,695,000 | $98,108 |
| Under 20% | 1,735 | $75,305,000 | $43,403 |
| Over 100% | 158 | $77,960,000 | $493,418 |
BUFFALO - CHEEKTOWAGA's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 10,892 originations, totaling $2,492,690,000 in origination value.
