Corning Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    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%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Corning, NY.

    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.).

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    CORNING 131 2.95% $3,665
    Community Bank 92 3.63% $700
    Elmira Savings Bank 58 3.16% $2,059
    QUICKEN LOANS, LLC 51 3.13% $6,030
    FIRST HERITAGE FEDERAL CREDIT UNION 42 3.03% $2,503
    Premium Mortgage Corporation 26 3.03% $3,580
    1ST PRIORITY MORTGAGE, INC. 24 3.06% $3,482
    PARAGON HOME LOANS INC. 22 2.93% $2,752
    Five Star Bank 17 3.05% $3,208
    Chemung Canal Trust Company 14 3.26% $1,664
    The Lyons National Bank 14 3.04% $5,266
    Farm Credit East, ACA 13 3.72% $5,273
    HOME TOWN FUNDING, INC. 12 3.07% $3,046
    M&T Bank 11 3.43% $4,102
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 3.21% $3,725
    Wells Fargo Bank 10 3.23% $4,450
    VISIONS 10 3.13% $2,449
    MOVEMENT MORTGAGE, LLC 10 3.24% $3,664
    Genesee Regional Bank 8 3.17% $3,530
    UNITED WHOLESALE MORTGAGE, LLC 8 3.04% $5,895
    JPMorgan Chase Bank 7 3.07% $3,766
    PREMIA MORTGAGE, LLC 7 2.87% $1,002
    GUARANTEED RATE, INC. 7 3.11% $3,973
    AMERICAN FINANCIAL NETWORK, INC. 5 3.53% $8,260
    FREEDOM MORTGAGE CORPORATION 5 3.25% $5,208
    ESL Federal Credit Union 5 3.00% $3,050
    LOANDEPOT.COM, LLC 5 3.15% $4,561
    Bank of America 4 2.66% $4,051
    KeyBank 4 3.01% $5,237
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.46% $6,404
    Citizens & Northern Bank 3 3.13% $5,247
    MORTGAGE ACCESS CORP. 3 3.12% $4,426
    Citizens Bank 3 3.08% $2,822
    BETTER MORTGAGE CORPORATION 3 3.33% $3,217
    TD Bank 2 3.13% $6,240
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.25% $5,716
    The Huntington National Bank 2 3.13% $5,791
    HOME POINT FINANCIAL CORPORATION 2 2.68% $3,560
    ROYAL UNITED MORTGAGE LLC 2 4.13% $5,998
    HUNT MORTGAGE CORPORATION 2 3.25% $4,976
    CALIBER HOME LOANS, INC. 2 3.39% $2,269
    TOTAL MORTGAGE SERVICES, LLC 2 2.93% $7,647
    AMERICU Credit Union 1 3.75% $3,387
    RELIANCE FIRST CAPITAL, LLC 1 3.38% $6,353
    RESIDENTIAL MORTGAGE SERVICES, INC. 1 3.50% $2,965
    Sierra Pacific Mortgage Company, Inc. 1 3.25% $4,687
    TEACHERS 1 2.88% $2,815
    AMERICAN FINANCING CORPORATION 1 2.88% $5,371
    Third Federal Savings and Loan Association of Cleveland 1 2.84% $670
    Tompkins Trust Company 1 3.13% $2,932
    UNITED MORTGAGE CORP. 1 2.88% $4,831
    United Nations Federal Credit Union 1 2.75% $3,972
    York Traditions Bank 1 2.63% $4,044
    U.S. Bank 1 2.99% $3,536
    Empower Federal Credit Union 1 4.25% $2,697
    KINECTA 1 3.13% $3,505
    Advisors Mortgage Group, L.L.C. 1 3.13% $3,224
    HOMESTEAD FUNDING CORP. 1 2.88% $3,665
    WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION 1 2.88% $6,953
    Mr. Cooper ( Nationstar Mortgage ) 1 3.38% $2,858
    NAVY FEDERAL CREDIT UNION 1 2.38% $10,337
    NEWREZ LLC 1 2.99% $6,043
    PLAZA HOME MORTGAGE, INC. 1 3.63% $4,831
    City National Bank 1 3.14% $7,751
    DIGITAL Federal Credit Union 1 3.13% $2,981

    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. Louis
    Date 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 for 2023-02-01 was $174,450, a difference of $14,550 (9.1%) versus the prior year and $-500 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2023-02-01 was 0 days.

    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.