Corning Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Corning averaged
6.67%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.1% and
one month ago for the week of 2023-02-09, the
average rate was 6.19%.
Corning's average rate one year ago was 4.12%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.55%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Corning 30 Year Fixed Rate | 2023-03-16 | 6.67% |
Corning 30 Year Fixed Rate Refi | 2023-03-16 | 6.55% |
Corning 15 Year Fixed Rate | 2023-03-16 | 6.67% |
Corning 15 Year Fixed Rate Refi | 2023-03-16 | 6.67% |
Corning 30 Year FHA | 2023-03-16 | 6.63% |
Corning 30 Year FHA Refi | 2023-03-16 | 6.97% |
Corning 30 Year USDA | 2023-03-16 | 6.75% |
Corning 30 Year USDA Refi | 2023-03-16 | 6.17% |
Corning 30 Year VA | 2023-03-16 | 6.46% |
Corning 30 Year VA Refi | 2023-03-16 | 6.14% |
Corning 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 Corning, 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.).
Corning Average Closing Costs & Other Stats
Corning, NY's 65 lenders originated 2,381
loans during 2021. The total origination value was $327,175,000, with an average loan value of
$137,411.
Corning's average closing costs are $3,537.
The top Corning lender as defined by loan originations is CORNING, with
131 loans originated. Their average total fees are
$3,665, which is $2,965
higher than the next largest lender,
Community Bank.
The lowest fee Corning lenders (with over 10 loans originated) are
Community Bank ($700), Chemung Canal Trust Company ($1,664), Elmira Savings Bank ($2,059), VISIONS ($2,449) and FIRST HERITAGE FEDERAL CREDIT UNION ($2,503).
The lowest rate Corning lenders (with over 10 loans originated) are
PARAGON HOME LOANS INC. (2.93%), CORNING (2.95%), FIRST HERITAGE FEDERAL CREDIT UNION (3.03%), Premium Mortgage Corporation (3.03%) and The Lyons National Bank (3.04%).
Corning, 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
CORNING | $81,740,000 | $68,040,000 | -16.8% | 20.8% |
Community Bank | $21,665,000 | $26,690,000 | 23.2% | 8.2% |
QUICKEN LOANS, LLC | $15,420,000 | $26,120,000 | 69.4% | 8.0% |
Elmira Savings Bank | $18,960,000 | $19,100,000 | 0.7% | 5.8% |
FIRST HERITAGE FEDERAL CREDIT UNION | $16,830,000 | $18,285,000 | 8.6% | 5.6% |
SERVU FEDERAL CREDIT UNION | $11,680,000 | $14,410,000 | 23.4% | 4.4% |
M&T Realty Capital Corporation | $9,485,000 | n/a | 2.9% | |
Premium Mortgage Corporation | $6,350,000 | $8,550,000 | 34.6% | 2.6% |
PARAGON HOME LOANS INC. | $10,625,000 | $7,660,000 | -27.9% | 2.3% |
The Lyons National Bank | $9,755,000 | $7,600,000 | -22.1% | 2.3% |
Five Star Bank | $21,390,000 | $7,120,000 | -66.7% | 2.2% |
HOME TOWN FUNDING, INC. | $5,960,000 | $6,560,000 | 10.1% | 2.0% |
FREEDOM MORTGAGE CORPORATION | $1,520,000 | $6,270,000 | 312.5% | 1.9% |
Wells Fargo Bank | $3,670,000 | $5,505,000 | 50.0% | 1.7% |
MOVEMENT MORTGAGE, LLC | $3,725,000 | $5,270,000 | 41.5% | 1.6% |
Manufacturers and Traders Trust Company | $4,090,000 | $5,095,000 | 24.6% | 1.6% |
Chemung Canal Trust Company | $4,745,000 | n/a | 1.5% | |
PREMIA MORTGAGE, LLC | $1,340,000 | $3,965,000 | 195.9% | 1.2% |
Farm Credit East, ACA | $3,055,000 | $3,885,000 | 27.2% | 1.2% |
1ST PRIORITY MORTGAGE, INC. | $2,545,000 | $3,760,000 | 47.7% | 1.1% |
Genesee Regional Bank | $3,100,000 | $3,695,000 | 19.2% | 1.1% |
ESL Federal Credit Union | $5,310,000 | $3,550,000 | -33.1% | 1.1% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,735,000 | $3,470,000 | 26.9% | 1.1% |
Citizens & Northern Bank | $5,205,000 | $3,300,000 | -36.6% | 1.0% |
KeyBank | $1,355,000 | $3,150,000 | 132.5% | 1.0% |
Mortgage Research Center, LLC | $2,475,000 | $2,935,000 | 18.6% | 0.9% |
VISIONS | $950,000 | $2,540,000 | 167.4% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $3,090,000 | $2,410,000 | -22.0% | 0.7% |
JPMorgan Chase Bank | $375,000 | $2,395,000 | 538.7% | 0.7% |
AMERICAN FINANCIAL NETWORK, INC. | $910,000 | $2,370,000 | 160.4% | 0.7% |
UNITED WHOLESALE MORTGAGE, LLC | $380,000 | $2,335,000 | 514.5% | 0.7% |
LOANDEPOT.COM, LLC | $1,530,000 | $2,305,000 | 50.7% | 0.7% |
USAA Federal Savings Bank | $1,700,000 | $1,605,000 | -5.6% | 0.5% |
Bank of America | $610,000 | $1,540,000 | 152.5% | 0.5% |
Citizens Bank | $495,000 | $1,385,000 | 179.8% | 0.4% |
21ST MORTGAGE CORPORATION | $1,075,000 | $1,290,000 | 20.0% | 0.4% |
GUARANTEED RATE, INC. | $495,000 | $1,280,000 | 158.6% | 0.4% |
Empower Federal Credit Union | $3,460,000 | $1,220,000 | -64.7% | 0.4% |
NAVY FEDERAL CREDIT UNION | $1,050,000 | $1,210,000 | 15.2% | 0.4% |
The Canandaigua National Bank and Trust Company | $585,000 | $1,195,000 | 104.3% | 0.4% |
HUNT MORTGAGE CORPORATION | $870,000 | $985,000 | 13.2% | 0.3% |
HOME POINT FINANCIAL CORPORATION | $715,000 | $885,000 | 23.8% | 0.3% |
NEWREZ LLC | $840,000 | n/a | 0.3% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $325,000 | $825,000 | 153.8% | 0.3% |
TD Bank | $785,000 | $810,000 | 3.2% | 0.2% |
Tioga State Bank | $195,000 | $810,000 | 315.4% | 0.2% |
MORTGAGE ACCESS CORP. | $275,000 | $795,000 | 189.1% | 0.2% |
Flagstar Bank, FSB | $745,000 | n/a | 0.2% | |
PLAZA HOME MORTGAGE, INC. | $3,555,000 | $710,000 | -80.0% | 0.2% |
GENESEE VALLEY | $940,000 | $690,000 | -26.6% | 0.2% |
CALIBER HOME LOANS, INC. | $290,000 | $680,000 | 134.5% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $655,000 | n/a | 0.2% | |
BETTER MORTGAGE CORPORATION | $1,070,000 | $635,000 | -40.7% | 0.2% |
AMERICAN FINANCING CORPORATION | $85,000 | $615,000 | 623.5% | 0.2% |
Barrington Bank & Trust Company, N.A. | $780,000 | $585,000 | -25.0% | 0.2% |
City National Bank | $545,000 | n/a | 0.2% | |
The Huntington National Bank | $395,000 | $530,000 | 34.2% | 0.2% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $480,000 | $500,000 | 4.2% | 0.2% |
Generations Bank | $255,000 | $490,000 | 92.2% | 0.1% |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $490,000 | n/a | 0.1% | |
TOTAL MORTGAGE SERVICES, LLC | $490,000 | n/a | 0.1% | |
Bank of England | $145,000 | $485,000 | 234.5% | 0.1% |
Carrington Mortgage Services, LLC | $335,000 | $475,000 | 41.8% | 0.1% |
FINANCE OF AMERICA REVERSE LLC | $475,000 | n/a | 0.1% | |
RESIDENTIAL MORTGAGE SERVICES, INC. | $355,000 | $455,000 | 28.2% | 0.1% |
Third Federal Savings and Loan Association of Cleveland | $445,000 | n/a | 0.1% | |
RELIANT COMMUNITY FEDERAL CREDIT UNION | $285,000 | $440,000 | 54.4% | 0.1% |
Pittsford Federal Credit Union | $430,000 | n/a | 0.1% | |
THE SUMMIT Federal Credit Union | $380,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $530,000 | $335,000 | -36.8% | 0.1% |
UNITED MORTGAGE CORP. | $330,000 | n/a | 0.1% | |
York Traditions Bank | $315,000 | n/a | 0.1% | |
Paramount Bank | $295,000 | n/a | 0.1% | |
The Federal Savings Bank | $245,000 | $285,000 | 16.3% | 0.1% |
Wayne Bank | $125,000 | $285,000 | 128.0% | 0.1% |
Advisors Mortgage Group, L.L.C. | $265,000 | n/a | 0.1% | |
Northwest Bank | $90,000 | $255,000 | 183.3% | 0.1% |
VIST Bank | $255,000 | n/a | 0.1% | |
NBKC BANK | $245,000 | n/a | 0.1% | |
Sierra Pacific Mortgage Company, Inc. | $245,000 | n/a | 0.1% | |
HOMESTEAD FUNDING CORP. | $640,000 | $240,000 | -62.5% | 0.1% |
United Nations Federal Credit Union | $235,000 | n/a | 0.1% | |
AMERICU Credit Union | $230,000 | n/a | 0.1% | |
DIGITAL Federal Credit Union | $220,000 | n/a | 0.1% | |
TEACHERS | $210,000 | n/a | 0.1% | |
Tompkins Trust Company | $55,000 | $205,000 | 272.7% | 0.1% |
U.S. Bank | $250,000 | $200,000 | -20.0% | 0.1% |
Discover Bank | $85,000 | $160,000 | 88.2% | 0.0% |
RELIANCE FIRST CAPITAL, LLC | $195,000 | $155,000 | -20.5% | 0.0% |
North American Savings Bank, F.S.B. | $475,000 | $145,000 | -69.5% | 0.0% |
CREDIT HUMAN FEDERAL CREDIT UNION | $55,000 | $135,000 | 145.5% | 0.0% |
CROSSCOUNTRY MORTGAGE, LLC | $125,000 | n/a | 0.0% | |
EMBRACE HOME LOANS, INC. | $285,000 | $125,000 | -56.1% | 0.0% |
KINECTA | $125,000 | n/a | 0.0% | |
FIRST CREDIT CORPORATION OF NEW YORK, INC. | $80,000 | $80,000 | 0.0% | 0.0% |
Meridian Bank Corporation | $75,000 | n/a | 0.0% | |
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $55,000 | n/a | 0.0% | |
Seneca Savings | $45,000 | $45,000 | 0.0% | 0.0% |
Ballston Spa National Bank | $35,000 | n/a | 0.0% |
Corning's top lender by overall market share is CORNING, with 20.8% market share. In second place, with 8.2%, is Community Bank, having originated $26,690,000 in loans. In third place, with 8.0%, is QUICKEN LOANS, LLC, having originated $26,120,000 in loans. In fourth place, with 5.8%, is Elmira Savings Bank, having originated $19,100,000 in loans. In fifth place, with 5.6%, is FIRST HERITAGE FEDERAL CREDIT UNION, having originated $18,285,000 in loans.
Corning Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Corning (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $130,950 (5.1%) | $195,193 (2.7%) | 0.00 | 390 |
2018-02-01 | $138,450 (13.2%) | $195,337 (3.4%) | 0.00 | 382 |
2018-03-01 | $139,000 (7.4%) | $197,702 (1.4%) | 0.00 | 367 |
2018-04-01 | $129,900 (0.7%) | $196,943 (-0.2%) | 0.00 | 366 |
2018-05-01 | $129,575 (-4.0%) | $198,038 (-12.6%) | 0.00 | 398 |
2018-06-01 | $129,900 (-7.2%) | $199,104 (-12.3%) | 0.00 | 420 |
2018-07-01 | $138,450 (-1.0%) | $199,633 (-11.0%) | 0.00 | 450 |
2018-08-01 | $134,450 (-5.6%) | $197,085 (-11.2%) | 0.00 | 466 |
2018-09-01 | $133,400 (-1.1%) | $198,011 (-11.3%) | 0.00 | 462 |
2018-10-01 | $130,075 (-5.4%) | $196,526 (-13.5%) | 0.00 | 455 |
2018-11-01 | $134,900 (-7.0%) | $199,527 (-11.5%) | 0.00 | 435 |
2018-12-01 | $129,300 (-7.3%) | $199,188 (-0.6%) | 0.00 | 379 |
2019-01-01 | $129,100 (-1.4%) | $188,873 (-3.2%) | 0.00 | 343 |
2019-02-01 | $129,750 (-6.3%) | $191,422 (-2.0%) | 0.00 | 336 |
2019-03-01 | $138,386 (-0.4%) | $207,107 (4.8%) | 0.00 | 321 |
2019-04-01 | $148,286 (14.2%) | $224,224 (13.9%) | 0.00 | 303 |
2019-05-01 | $141,675 (9.3%) | $218,902 (10.5%) | 0.00 | 332 |
2019-06-01 | $150,000 (15.5%) | $220,351 (10.7%) | 0.00 | 341 |
2019-07-01 | $149,650 (8.1%) | $210,653 (5.5%) | 0.00 | 371 |
2019-08-01 | $142,173 (5.7%) | $209,551 (6.3%) | 0.00 | 371 |
2019-09-01 | $138,082 (3.5%) | $208,941 (5.5%) | 0.00 | 369 |
2019-10-01 | $135,355 (4.1%) | $208,290 (6.0%) | 0.00 | 362 |
2019-11-01 | $139,900 (3.7%) | $217,629 (9.1%) | 0.00 | 325 |
2019-12-01 | $139,900 (8.2%) | $218,866 (9.9%) | 0.00 | 329 |
2020-01-01 | $135,900 (5.3%) | $213,731 (13.2%) | 0.00 | 309 |
2020-02-01 | $135,900 (4.7%) | $217,529 (13.6%) | 0.00 | 279 |
2020-03-01 | $137,225 (-0.8%) | $217,556 (5.1%) | 0.00 | 263 |
2020-04-01 | $146,725 (-1.1%) | $233,580 (4.2%) | 0.00 | 245 |
2020-05-01 | $149,900 (5.8%) | $244,239 (11.6%) | 0.00 | 237 |
2020-06-01 | $153,975 (2.7%) | $234,971 (6.6%) | 0.00 | 252 |
2020-07-01 | $167,700 (12.1%) | $238,356 (13.2%) | 0.00 | 249 |
2020-08-01 | $164,900 (16.0%) | $233,561 (11.5%) | 0.00 | 249 |
2020-09-01 | $179,450 (30.0%) | $247,553 (18.5%) | 0.00 | 244 |
2020-10-01 | $174,900 (29.2%) | $240,447 (15.4%) | 0.00 | 226 |
2020-11-01 | $179,575 (28.4%) | $256,571 (17.9%) | 0.00 | 218 |
2020-12-01 | $177,175 (26.6%) | $262,800 (20.1%) | 0.00 | 196 |
2021-01-01 | $173,950 (28.0%) | $264,578 (23.8%) | 0.00 | 187 |
2021-02-01 | $185,000 (36.1%) | $284,925 (31.0%) | 0.00 | 160 |
2021-03-01 | $194,900 (42.0%) | $292,731 (34.6%) | 0.00 | 151 |
2021-04-01 | $174,950 (19.2%) | $293,517 (25.7%) | 0.00 | 129 |
2021-05-01 | $199,700 (33.2%) | $291,852 (19.5%) | 0.00 | 117 |
2021-06-01 | $182,400 (18.5%) | $308,372 (31.2%) | 0.00 | 127 |
2021-07-01 | $175,000 (4.4%) | $294,485 (23.6%) | 0.00 | 146 |
2021-08-01 | $177,450 (7.6%) | $266,584 (14.1%) | 0.00 | 158 |
2021-09-01 | $182,475 (1.7%) | $268,987 (8.7%) | 0.00 | 168 |
2021-10-01 | $179,000 (2.3%) | $249,850 (3.9%) | 0.00 | 176 |
2021-11-01 | $174,950 (-2.6%) | $241,831 (-5.7%) | 0.00 | 170 |
2021-12-01 | $166,975 (-5.8%) | $238,419 (-9.3%) | 0.00 | 154 |
2022-01-01 | $169,900 (-2.3%) | $247,501 (-6.5%) | 0.00 | 141 |
2022-02-01 | $159,900 (-13.6%) | $241,062 (-15.4%) | 0.00 | 129 |
2022-03-01 | $159,900 (-18.0%) | $244,782 (-16.4%) | 0.00 | 111 |
2022-04-01 | $169,900 (-2.9%) | $250,522 (-14.7%) | 0.00 | 103 |
2022-05-01 | $174,975 (-12.4%) | $258,116 (-11.6%) | 0.00 | 116 |
2022-06-01 | $188,725 (3.5%) | $274,029 (-11.1%) | 0.00 | 149 |
2022-07-01 | $196,950 (12.5%) | $284,020 (-3.6%) | 0.00 | 167 |
2022-08-01 | $199,000 (12.1%) | $285,302 (7.0%) | 0.00 | 183 |
2022-09-01 | $207,450 (13.7%) | $316,134 (17.5%) | 0.00 | 177 |
2022-10-01 | $189,000 (5.6%) | $308,091 (23.3%) | 0.00 | 179 |
2022-11-01 | $189,000 (8.0%) | $314,309 (30.0%) | 0.00 | 167 |
2022-12-01 | $182,500 (9.3%) | $303,786 (27.4%) | 0.00 | 146 |
2023-01-01 | $174,950 (3.0%) | $293,582 (18.6%) | 0.00 | 124 |
2023-02-01 | $174,450 (9.1%) | $286,240 (18.7%) | 0.00 | 120 |
Corning's median listing price comes in at 0% of the national average.
Corning's average listing price for 2023-02-01 was $286,240, a difference of $45,178 (18.7%) versus the prior year and $-7,342 versus the prior month.
For the 2023-02-01 period, Corning had 120 MLS listings, a difference of -4 listings (-3%) versus the prior month and -9 listings (-7%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Corning (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,724 sqft |
2018-02-01 | 0 days | 1,755 sqft |
2018-03-01 | 0 days | 1,800 sqft |
2018-04-01 | 0 days | 1,791 sqft |
2018-05-01 | 0 days | 1,678 sqft |
2018-06-01 | 0 days | 1,680 sqft |
2018-07-01 | 0 days | 1,766 sqft |
2018-08-01 | 0 days | 1,739 sqft |
2018-09-01 | 0 days | 1,712 sqft |
2018-10-01 | 0 days | 1,670 sqft |
2018-11-01 | 0 days | 1,734 sqft |
2018-12-01 | 0 days | 1,704 sqft |
2019-01-01 | 0 days | 1,756 sqft |
2019-02-01 | 0 days | 1,750 sqft |
2019-03-01 | 0 days | 1,802 sqft |
2019-04-01 | 0 days | 1,837 sqft |
2019-05-01 | 0 days | 1,752 sqft |
2019-06-01 | 0 days | 1,804 sqft |
2019-07-01 | 0 days | 1,810 sqft |
2019-08-01 | 0 days | 1,824 sqft |
2019-09-01 | 0 days | 1,806 sqft |
2019-10-01 | 0 days | 1,794 sqft |
2019-11-01 | 0 days | 1,784 sqft |
2019-12-01 | 0 days | 1,782 sqft |
2020-01-01 | 0 days | 1,728 sqft |
2020-02-01 | 0 days | 1,770 sqft |
2020-03-01 | 0 days | 1,811 sqft |
2020-04-01 | 0 days | 1,880 sqft |
2020-05-01 | 0 days | 1,880 sqft |
2020-06-01 | 0 days | 1,852 sqft |
2020-07-01 | 0 days | 1,877 sqft |
2020-08-01 | 0 days | 1,898 sqft |
2020-09-01 | 0 days | 1,961 sqft |
2020-10-01 | 0 days | 1,914 sqft |
2020-11-01 | 0 days | 1,988 sqft |
2020-12-01 | 0 days | 1,992 sqft |
2021-01-01 | 0 days | 1,914 sqft |
2021-02-01 | 0 days | 1,976 sqft |
2021-03-01 | 0 days | 2,016 sqft |
2021-04-01 | 0 days | 2,042 sqft |
2021-05-01 | 0 days | 1,992 sqft |
2021-06-01 | 0 days | 1,882 sqft |
2021-07-01 | 0 days | 1,790 sqft |
2021-08-01 | 0 days | 1,754 sqft |
2021-09-01 | 0 days | 1,782 sqft |
2021-10-01 | 0 days | 1,787 sqft |
2021-11-01 | 0 days | 1,803 sqft |
2021-12-01 | 0 days | 1,804 sqft |
2022-01-01 | 0 days | 1,744 sqft |
2022-02-01 | 0 days | 1,766 sqft |
2022-03-01 | 0 days | 1,736 sqft |
2022-04-01 | 0 days | 1,793 sqft |
2022-05-01 | 0 days | 1,903 sqft |
2022-06-01 | 0 days | 1,967 sqft |
2022-07-01 | 0 days | 1,976 sqft |
2022-08-01 | 0 days | 1,880 sqft |
2022-09-01 | 0 days | 1,881 sqft |
2022-10-01 | 0 days | 1,858 sqft |
2022-11-01 | 0 days | 1,923 sqft |
2022-12-01 | 0 days | 1,931 sqft |
2023-01-01 | 0 days | 1,848 sqft |
2023-02-01 | 0 days | 1,846 sqft |
Corning's median square footage for active listings during the 2023-02-01 period was 1,846 sqft. One year prior, the average listing was 1,766 sqft.
Corning, NY Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 1,112 | $173,590,000 | $156,106 |
Refi | 648 | $90,610,000 | $139,830 |
Cash Out Refi | 268 | $38,890,000 | $145,112 |
Other | 177 | $13,575,000 | $76,695 |
Home Improvement | 176 | $10,510,000 | $59,716 |
Corning's most frequently cited loan purpose was Home Purchase, with 1,112 originations. The 2nd most popular reason was Refi, with 648 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 863 | $114,665,000 | $132,868 |
2.5-3% | 738 | $113,910,000 | $154,350 |
<2.5% | 395 | $55,605,000 | $140,772 |
4-5% | 120 | $13,750,000 | $114,583 |
5-6% | 20 | $1,200,000 | $60,000 |
6-7% | 18 | $850,000 | $47,222 |
Over 8% | 7 | $455,000 | $65,000 |
7-8% | 2 | $210,000 | $105,000 |
During 2021, Corning's most frequently originated rate bucket was 3-4%, with 863 originations.
Loan Sizing (Corning, NY MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 1,058 | $63,800,000 | $60,302 |
$100k-200k | 918 | $128,660,000 | $140,153 |
$200k-400k | 337 | $88,785,000 | $263,457 |
$400k-600k | 55 | $26,495,000 | $481,727 |
$600k-1000k | 9 | $6,255,000 | $695,000 |
$Over $1MM | 4 | $13,180,000 | $3,295,000 |
Corning's loan sizing saw the bucket of loans from $100,000 or less with 1,058 originations, totaling $63,800,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 908 | $144,040,000 | $158,634 |
60-80% | 609 | $99,595,000 | $163,539 |
40-60% | 276 | $32,400,000 | $117,391 |
20-40% | 197 | $14,765,000 | $74,949 |
Under 20% | 141 | $4,885,000 | $34,645 |
Over 100% | 13 | $2,865,000 | $220,385 |
Corning's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 908 originations, totaling $144,040,000 in origination value.