Corning Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Corning averaged 7.05% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

The average rate for the prior week (2023-11-22) was 6.82% and one month ago for the week of 2023-10-26, the average rate was 7.52%.

Corning's average rate one year ago was 6.01%.

For refis of the same type during the week of 2023-11-30, the average rate was 7.62%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-30 7.22%
Corning 30 Year Fixed Rate 2023-11-30 7.05%
Corning 30 Year Fixed Rate Refi 2023-11-30 7.62%
Corning 15 Year Fixed Rate 2023-11-30 6.12%
Corning 15 Year Fixed Rate Refi 2023-11-30 6.86%
Corning 30 Year FHA 2023-11-30 6.47%
Corning 30 Year FHA Refi 2023-11-30 6.95%
Corning 30 Year USDA 2023-11-30 7.1%
Corning 30 Year USDA Refi 2023-11-30 7.1%
Corning 30 Year VA 2023-11-30 6.87%
Corning 30 Year VA Refi 2023-11-30 6.77%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CORNING 112 4.68% $3,624
Community Bank 77 5.42% $1,013
FIRST HERITAGE FEDERAL CREDIT UNION 40 4.20% $2,725
MOVEMENT MORTGAGE, LLC 24 5.56% $5,027
QUICKEN LOANS, LLC 23 4.92% $7,075
Premium Mortgage Corporation 18 4.72% $3,422
PRIMELENDING, A PLAINSCAPITAL COMPANY 15 5.14% $4,673
Wells Fargo Bank 14 4.88% $6,448
Chemung Canal Trust Company 14 4.62% $1,234
The Lyons National Bank 13 4.35% $5,367
PARAGON HOME LOANS INC. 12 5.30% $3,800
Five Star Bank 12 4.93% $3,147
1ST PRIORITY MORTGAGE, INC. 11 4.70% $3,708
Genesee Regional Bank 11 5.41% $6,286
Farm Credit East, ACA 8 5.36% $4,687
M&T Bank 8 4.16% $5,299
VISIONS 8 3.70% $2,723
Citizens & Northern Bank 8 5.36% $4,066
PREMIA MORTGAGE, LLC 7 4.67% $1,232
Mr. Cooper ( Nationstar Mortgage ) 6 5.21% $5,587
Elmira Savings Bank 6 3.58% $2,237
FREEDOM MORTGAGE CORPORATION 6 4.97% $4,951
Bank of America 6 3.94% $6,035
UNITED WHOLESALE MORTGAGE, LLC 5 5.62% $7,055
HOMESTEAD FUNDING CORP. 5 5.53% $3,522
JPMorgan Chase Bank 4 4.28% $4,468
Tompkins Trust Company 4 4.84% $3,585
HOME TOWN FUNDING, INC. 4 4.81% $2,620
PNC Bank 4 5.69% $5,336
ESL Federal Credit Union 3 4.33% $3,554
Citizens Bank 3 5.83% $4,950
NAVY FEDERAL CREDIT UNION 3 6.33% $2,283
BETTER MORTGAGE CORPORATION 2 4.13% $3,902
GUARANTEED RATE, INC. 2 4.18% $4,981
CROSSCOUNTRY MORTGAGE, LLC 2 5.81% $6,008
Northwest Bank 2 5.44% $4,740
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.13% $5,630
Morgan Stanley Private Bank 2 4.85% $6,973
DIGITAL Federal Credit Union 2 4.31% $3,243
Empower Federal Credit Union 2 3.81% $4,669
Discover Bank 2 7.37% $0
THE SUMMIT Federal Credit Union 1 6.00% $2,433
KeyBank 1 2.99% $4,517
CNB Bank 1 5.38% $3,330
CONTOUR MORTGAGE CORPORATION 1 5.88% $3,966
CIBC Bank USA 1 6.13% $4,751
Evans Bank 1 6.63% $2,835
EVERETT FINANCIAL, INC. 1 6.13% $3,517
First Citizens Community Bank 1 6.88% $2,377
First Federal Bank of Kansas City 1 3.25% $5,356
Charles Schwab Bank, SSB 1 3.48% $3,164
First National Bank of Pennsylvania 1 5.75% $3,940
CFCU Community Credit Union 1 5.38% $0
21ST MORTGAGE CORPORATION 1 5.80% $6,660
HUNT MORTGAGE CORPORATION 1 3.25% $3,269
City National Bank 1 4.65% $4,847
LOANDEPOT.COM, LLC 1 2.99% $3,944
MID-HUDSON VALLEY 1 4.38% $3,071
Mortgage Research Center, LLC 1 4.99% $3,506
CCFCU FUNDING, LLC 1 4.00% $3,549
NBKC BANK 1 6.13% $4,420
NETWORK CAPITAL FUNDING CORPORATION 1 7.00% $6,779
NEWREZ LLC 1 3.63% $4,034
Carrington Mortgage Services, LLC 1 4.38% $5,406
PLAZA HOME MORTGAGE, INC. 1 5.99% $3,470
Armed Forces Bank 1 7.25% $6,807
RELIANT COMMUNITY FEDERAL CREDIT UNION 1 5.00% $3,915
SEFCU SERVICES, LLC 1 3.50% $3,032
AMERICU Credit Union 1 5.25% $3,013

Corning Average Closing Costs & Other Stats

Corning, NY's 69 lenders originated 1,948 loans during 2022. The total origination value was $286,050,000, with an average loan value of $146,843.

Corning's average closing costs are $3,764.

The top Corning lender as defined by loan originations is CORNING, with 112 loans originated. Their average total fees are $3,624, which is $2,611 higher than the next largest lender, Community Bank.

The lowest fee Corning lenders (with over 10 loans originated) are Community Bank ($1,013), Chemung Canal Trust Company ($1,234), FIRST HERITAGE FEDERAL CREDIT UNION ($2,725), Five Star Bank ($3,147) and Premium Mortgage Corporation ($3,422).

The lowest rate Corning lenders (with over 10 loans originated) are FIRST HERITAGE FEDERAL CREDIT UNION (4.20%), The Lyons National Bank (4.35%), Chemung Canal Trust Company (4.62%), CORNING (4.68%) and 1ST PRIORITY MORTGAGE, INC. (4.70%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
CORNING $68,040,000 $53,290,000 -21.7% 18.6%
Community Bank $26,690,000 $25,680,000 -3.8% 9.0%
Five Star Bank $7,120,000 $20,665,000 190.2% 7.2%
FIRST HERITAGE FEDERAL CREDIT UNION $18,285,000 $16,750,000 -8.4% 5.9%
SERVU FEDERAL CREDIT UNION $14,410,000 $15,940,000 10.6% 5.6%
QUICKEN LOANS, LLC $26,120,000 $14,470,000 -44.6% 5.1%
FirstBank $8,850,000 n/a 3.1%
PARAGON HOME LOANS INC. $7,660,000 $8,670,000 13.2% 3.0%
MOVEMENT MORTGAGE, LLC $5,270,000 $8,300,000 57.5% 2.9%
Premium Mortgage Corporation $8,550,000 $7,005,000 -18.1% 2.4%
HOME TOWN FUNDING, INC. $6,560,000 $5,845,000 -10.9% 2.0%
The Lyons National Bank $7,600,000 $5,550,000 -27.0% 1.9%
M&T Bank $5,095,000 $5,300,000 4.0% 1.9%
Chemung Canal Trust Company $4,745,000 $5,005,000 5.5% 1.7%
Wells Fargo Bank $5,505,000 $4,955,000 -10.0% 1.7%
Citizens & Northern Bank $3,300,000 $4,915,000 48.9% 1.7%
Genesee Regional Bank $3,695,000 $4,560,000 23.4% 1.6%
Mortgage Research Center, LLC $2,935,000 $3,930,000 33.9% 1.4%
FREEDOM MORTGAGE CORPORATION $6,270,000 $3,530,000 -43.7% 1.2%
Empower Federal Credit Union $1,220,000 $3,345,000 174.2% 1.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,470,000 $3,280,000 -5.5% 1.1%
1ST PRIORITY MORTGAGE, INC. $3,760,000 $3,025,000 -19.5% 1.1%
PREMIA MORTGAGE, LLC $3,965,000 $2,950,000 -25.6% 1.0%
VISIONS $2,540,000 $2,445,000 -3.7% 0.9%
WALKER & DUNLOP, LLC $2,395,000 n/a 0.8%
Farm Credit East, ACA $3,885,000 $2,340,000 -39.8% 0.8%
UNITED WHOLESALE MORTGAGE, LLC $2,335,000 $2,325,000 -0.4% 0.8%
Elmira Savings Bank $19,100,000 $2,130,000 -88.8% 0.7%
ESL Federal Credit Union $3,550,000 $2,030,000 -42.8% 0.7%
Bank of America $1,540,000 $2,025,000 31.5% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $2,410,000 $1,950,000 -19.1% 0.7%
NEWREZ LLC $840,000 $1,895,000 125.6% 0.7%
HUDSON VALLEY CREDIT UNION $1,645,000 n/a 0.6%
NAVY FEDERAL CREDIT UNION $1,210,000 $1,345,000 11.2% 0.5%
Morgan Stanley Private Bank $1,220,000 n/a 0.4%
JPMorgan Chase Bank $2,395,000 $1,190,000 -50.3% 0.4%
Pittsford Federal Credit Union $430,000 $1,155,000 168.6% 0.4%
Tompkins Trust Company $205,000 $1,050,000 412.2% 0.4%
The Canandaigua National Bank and Trust Company $1,195,000 $1,040,000 -13.0% 0.4%
USAA Federal Savings Bank $1,605,000 $1,030,000 -35.8% 0.4%
Citizens Bank $1,385,000 $1,005,000 -27.4% 0.4%
LOANDEPOT.COM, LLC $2,305,000 $1,000,000 -56.6% 0.3%
Carrington Mortgage Services, LLC $475,000 $875,000 84.2% 0.3%
HOMESTEAD FUNDING CORP. $240,000 $860,000 258.3% 0.3%
PNC Bank $735,000 n/a 0.3%
CROSSCOUNTRY MORTGAGE, LLC $125,000 $700,000 460.0% 0.2%
Northwest Bank $255,000 $610,000 139.2% 0.2%
GENESEE VALLEY $690,000 $570,000 -17.4% 0.2%
CNB Bank $545,000 n/a 0.2%
Shamrock Home Loans, Inc. $540,000 n/a 0.2%
The Honesdale National Bank $475,000 n/a 0.2%
HUNT MORTGAGE CORPORATION $985,000 $455,000 -53.8% 0.2%
GUARANTEED RATE, INC. $1,280,000 $445,000 -65.2% 0.2%
LIMA ONE CAPITAL, LLC $445,000 n/a 0.2%
Charles Schwab Bank, SSB $415,000 n/a 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $825,000 $405,000 -50.9% 0.1%
CALIBER HOME LOANS, INC. $680,000 $370,000 -45.6% 0.1%
GUIDANCE RESIDENTIAL, LLC $365,000 n/a 0.1%
21ST MORTGAGE CORPORATION $1,290,000 $355,000 -72.5% 0.1%
AMERICAN FINANCING CORPORATION $615,000 $350,000 -43.1% 0.1%
TOTAL MORTGAGE SERVICES, LLC $490,000 $345,000 -29.6% 0.1%
KeyBank $3,150,000 $340,000 -89.2% 0.1%
THE SUMMIT Federal Credit Union $380,000 $330,000 -13.2% 0.1%
ROYAL UNITED MORTGAGE LLC $335,000 $325,000 -3.0% 0.1%
Lake Shore Savings Bank $315,000 n/a 0.1%
RELIANT COMMUNITY FEDERAL CREDIT UNION $440,000 $305,000 -30.7% 0.1%
BETTER MORTGAGE CORPORATION $635,000 $270,000 -57.5% 0.1%
Armed Forces Bank $265,000 n/a 0.1%
REVERSE MORTGAGE FUNDING LLC $265,000 n/a 0.1%
First Federal Bank of Kansas City $255,000 n/a 0.1%
SEFCU SERVICES, LLC $255,000 n/a 0.1%
Bethpage Federal Credit Union $250,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $710,000 $250,000 -64.8% 0.1%
Advisors Mortgage Group, L.L.C. $265,000 $245,000 -7.5% 0.1%
Discover Bank $160,000 $245,000 53.1% 0.1%
Barrington Bank & Trust Company, N.A. $585,000 $240,000 -59.0% 0.1%
DIGITAL Federal Credit Union $220,000 $220,000 0.0% 0.1%
CORPORATE AMERICA FAMILY $215,000 n/a 0.1%
The Upstate National Bank $215,000 n/a 0.1%
CIBC Bank USA $205,000 n/a 0.1%
City National Bank $545,000 $205,000 -62.4% 0.1%
UTILITIES EMPLOYEES CREDIT UNION $205,000 n/a 0.1%
Bank of England $485,000 $200,000 -58.8% 0.1%
CREDIT HUMAN FEDERAL CREDIT UNION $135,000 $195,000 44.4% 0.1%
Generations Bank $490,000 $190,000 -61.2% 0.1%
Hometown Equity Mortgage, LLC $175,000 n/a 0.1%
First Citizens Community Bank $165,000 n/a 0.1%
CCFCU FUNDING, LLC $155,000 n/a 0.1%
EVERETT FINANCIAL, INC. $155,000 n/a 0.1%
Flagstar Bank, FSB $745,000 $155,000 -79.2% 0.1%
NETWORK CAPITAL FUNDING CORPORATION $155,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $500,000 $145,000 -71.0% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $655,000 $135,000 -79.4% 0.0%
MID-HUDSON VALLEY $135,000 n/a 0.0%
NIAGARA'S CHOICE $135,000 n/a 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $490,000 $135,000 -72.4% 0.0%
AMERICU Credit Union $230,000 $125,000 -45.7% 0.0%
First National Bank of Pennsylvania $125,000 n/a 0.0%
NBKC BANK $245,000 $125,000 -49.0% 0.0%
Wayne Bank $285,000 $125,000 -56.1% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $115,000 n/a 0.0%
Tioga State Bank $810,000 $115,000 -85.8% 0.0%
TRIAD FINANCIAL SERVICES, INC. $55,000 $115,000 109.1% 0.0%
CFCU Community Credit Union $105,000 n/a 0.0%
CONTOUR MORTGAGE CORPORATION $95,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $95,000 n/a 0.0%
SERVICE 1ST $95,000 n/a 0.0%
Valley National Bank $65,000 n/a 0.0%
Advantage Federal Credit Union $55,000 n/a 0.0%
FAMILY FIRST OF NY $55,000 n/a 0.0%
JUSTICE Federal Credit Union $55,000 n/a 0.0%
Evans Bank $45,000 n/a 0.0%
AMERICAN ADVISORS GROUP $5,000 n/a 0.0%

Corning's top lender by overall market share is CORNING, with 18.6% market share. In second place, with 9.0%, is Community Bank, having originated $25,680,000 in loans. In third place, with 7.2%, is Five Star Bank, having originated $20,665,000 in loans. In fourth place, with 5.9%, is FIRST HERITAGE FEDERAL CREDIT UNION, having originated $16,750,000 in loans. In fifth place, with 5.6%, is SERVU FEDERAL CREDIT UNION, having originated $15,940,000 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%) $223,748 (13.6%) 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 (4.4%) 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 $189,225 (8.2%) $314,231 (29.9%) 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
2023-03-01 $172,375 (7.8%) $242,680 (-0.9%) 0.00 122
2023-04-01 $179,000 (5.4%) $242,575 (-3.2%) 0.00 114
2023-05-01 $189,900 (8.5%) $242,436 (-6.1%) 0.00 129
2023-06-01 $179,700 (-4.8%) $280,263 (2.3%) 0.00 135
2023-07-01 $182,450 (-7.4%) $294,897 (3.8%) 0.00 136
2023-08-01 $186,225 (-6.4%) $292,725 (2.6%) 0.00 148
2023-09-01 $199,000 (-4.1%) $301,620 (-4.6%) 0.00 163
2023-10-01 $187,175 (-1.0%) $282,877 (-8.2%) 0.00 183
2023-11-01 $184,950 (-2.3%) $272,116 (-13.4%) 0.00 179
Corning's median listing price for 2023-11-01 was $184,950, a difference of $-4,275 (-2.3%) versus the prior year and $-2,225 versus the prior month.

Corning's median listing price comes in at 0% of the national average.

Corning's average listing price for 2023-11-01 was $272,116, a difference of $-42,115 (-13.4%) versus the prior year and $-10,761 versus the prior month.

For the 2023-11-01 period, Corning had 179 MLS listings, a difference of -4 listings (-2%) versus the prior month and 12 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 1,886 sqft
2020-05-01 0 days 1,886 sqft
2020-06-01 0 days 1,858 sqft
2020-07-01 0 days 1,877 sqft
2020-08-01 0 days 1,898 sqft
2020-09-01 0 days 1,959 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 1,922 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
2023-03-01 0 days 1,768 sqft
2023-04-01 0 days 1,821 sqft
2023-05-01 0 days 1,838 sqft
2023-06-01 0 days 1,821 sqft
2023-07-01 0 days 1,852 sqft
2023-08-01 0 days 1,760 sqft
2023-09-01 0 days 1,814 sqft
2023-10-01 0 days 1,786 sqft
2023-11-01 0 days 1,748 sqft
Corning's median listing age (time on market) for 2023-11-01 was 0 days.

Corning's median square footage for active listings during the 2023-11-01 period was 1,748 sqft. One year prior, the average listing was 1,922 sqft.

Corning, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 953 $184,505,000 $193,604
Refi 324 $39,600,000 $122,222
Home Improvement 246 $15,950,000 $64,837
Other 232 $16,530,000 $71,250
Cash Out Refi 193 $29,465,000 $152,668

Corning's most frequently cited loan purpose was Home Purchase, with 953 originations. The 2nd most popular reason was Refi, with 324 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 460 $66,750,000 $145,109
4-5% 415 $67,905,000 $163,627
5-6% 378 $55,360,000 $146,455
6-7% 160 $36,910,000 $230,688
<2.5% 134 $15,940,000 $118,955
2.5-3% 97 $17,625,000 $181,701
7-8% 49 $7,255,000 $148,061
Over 8% 15 $955,000 $63,667

During 2022, Corning's most frequently originated rate bucket was 3-4%, with 460 originations.

Loan Sizing (Corning, NY MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 913 $52,405,000 $57,399
$100k-200k 717 $100,225,000 $139,784
$200k-400k 259 $68,635,000 $265,000
$400k-600k 34 $15,950,000 $469,118
$Over $1MM 13 $40,185,000 $3,091,154
$600k-1000k 12 $8,650,000 $720,833

Corning's loan sizing saw the bucket of loans from $100,000 or less with 913 originations, totaling $52,405,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 714 $119,750,000 $167,717
60-80% 399 $74,475,000 $186,654
20-40% 232 $15,690,000 $67,629
40-60% 183 $38,345,000 $209,536
Under 20% 171 $6,125,000 $35,819
Over 100% 11 $5,505,000 $500,455

Corning's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 714 originations, totaling $119,750,000 in origination value.