Corning Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Corning averaged
7.04%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.77% and
one month ago for the week of 2025-05-15, the
average rate was 6.94%.
Corning's average rate one year ago was 7.28%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.21%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Corning 30 Year Fixed Rate | 2025-06-18 | 7.04% |
| Corning 30 Year Fixed Rate Refi | 2025-06-18 | 7.21% |
| Corning 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Corning 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Corning 30 Year FHA | 2025-06-18 | 0.07% |
| Corning 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Corning 30 Year USDA | 2025-06-18 | 0% |
| Corning 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Corning 30 Year VA | 2025-06-18 | -0.2% |
| Corning 30 Year VA Refi | 2025-06-18 | 0.1% |
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 59 lenders originated 1,530
loans during 2024. The total origination value was $200,040,000, with an average loan value of
$130,745.
Corning's average closing costs are $4,020.
The top Corning lender as defined by loan originations is CORNING, with
70 loans originated. Their average total fees are
$4,289, which is $3,802
higher than the next largest lender,
Community Bank.
The lowest fee Corning lenders (with over 10 loans originated) are
Community Bank ($487), FIRST HERITAGE FEDERAL CREDIT UNION ($3,095), Premium Mortgage Corporation ($3,250), The Lyons National Bank ($3,395) and CORNING ($4,289).
The lowest rate Corning lenders (with over 10 loans originated) are
CORNING (6.54%), FIRST HERITAGE FEDERAL CREDIT UNION (6.55%), MOVEMENT MORTGAGE, LLC (6.59%), EVERETT FINANCIAL, INC. (6.68%) and Premium Mortgage Corporation (6.76%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| CORNING | $38,090,000 | $32,980,000 | -13.4% | 16.5% |
| SERVU FEDERAL CREDIT UNION | $17,930,000 | $15,150,000 | -15.5% | 7.6% |
| Community Bank | $19,150,000 | $14,740,000 | -23.0% | 7.4% |
| QUICKEN LOANS, LLC | $7,560,000 | $11,685,000 | 54.6% | 5.8% |
| FIRST HERITAGE FEDERAL CREDIT UNION | $10,640,000 | $11,500,000 | 8.1% | 5.7% |
| MOVEMENT MORTGAGE, LLC | $8,700,000 | $10,255,000 | 17.9% | 5.1% |
| HOME TOWN FUNDING, INC. | $4,700,000 | $8,025,000 | 70.7% | 4.0% |
| Premium Mortgage Corporation | $8,225,000 | $7,100,000 | -13.7% | 3.5% |
| The Lyons National Bank | $5,050,000 | $5,645,000 | 11.8% | 2.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,315,000 | $5,600,000 | 68.9% | 2.8% |
| Genesee Regional Bank | $880,000 | $4,960,000 | 463.6% | 2.5% |
| M&T Bank | $1,880,000 | $4,725,000 | 151.3% | 2.4% |
| Five Star Bank | $4,040,000 | $4,630,000 | 14.6% | 2.3% |
| EVERETT FINANCIAL, INC. | $4,465,000 | n/a | 2.2% | |
| Citizens & Northern Bank | $3,860,000 | $4,000,000 | 3.6% | 2.0% |
| Farm Credit East, ACA | $2,250,000 | $3,185,000 | 41.6% | 1.6% |
| ESL Federal Credit Union | $2,095,000 | $2,980,000 | 42.2% | 1.5% |
| Mortgage Research Center, LLC | $3,995,000 | $2,920,000 | -26.9% | 1.5% |
| 1ST PRIORITY MORTGAGE, INC. | $3,715,000 | $2,905,000 | -21.8% | 1.5% |
| The Canandaigua National Bank and Trust Company | $1,150,000 | $2,605,000 | 126.5% | 1.3% |
| Chemung Canal Trust Company | $2,260,000 | $2,130,000 | -5.8% | 1.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $465,000 | $1,670,000 | 259.1% | 0.8% |
| Tompkins Trust Company | $65,000 | $1,670,000 | 2,469.2% | 0.8% |
| JPMorgan Chase Bank | $1,090,000 | $1,565,000 | 43.6% | 0.8% |
| VISIONS | $1,645,000 | $1,385,000 | -15.8% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $265,000 | $1,335,000 | 403.8% | 0.7% |
| KeyBank | $145,000 | $1,220,000 | 741.4% | 0.6% |
| Wells Fargo Bank | $1,245,000 | $1,140,000 | -8.4% | 0.6% |
| First National Bank of Pennsylvania | $1,090,000 | n/a | 0.5% | |
| PARAGON HOME LOANS INC. | $6,510,000 | $1,090,000 | -83.3% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $215,000 | $940,000 | 337.2% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $215,000 | $935,000 | 334.9% | 0.5% |
| PREMIA MORTGAGE, LLC | $665,000 | $865,000 | 30.1% | 0.4% |
| Ixonia Bank | $810,000 | n/a | 0.4% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $165,000 | $785,000 | 375.8% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $740,000 | n/a | 0.4% | |
| 21ST MORTGAGE CORPORATION | $1,085,000 | $720,000 | -33.6% | 0.4% |
| USAA Federal Savings Bank | $85,000 | $670,000 | 688.2% | 0.3% |
| Citizens Bank | $980,000 | $660,000 | -32.7% | 0.3% |
| Morgan Stanley Private Bank | $655,000 | n/a | 0.3% | |
| U.S. Bank | $115,000 | $615,000 | 434.8% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $125,000 | $595,000 | 376.0% | 0.3% |
| First Citizens Community Bank | $570,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $560,000 | n/a | 0.3% | |
| LOANDEPOT.COM, LLC | $95,000 | $540,000 | 468.4% | 0.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,205,000 | $525,000 | -56.4% | 0.3% |
| Bank of America | $895,000 | $510,000 | -43.0% | 0.3% |
| First Federal Bank | $1,095,000 | $505,000 | -53.9% | 0.3% |
| PNC Bank | $500,000 | n/a | 0.2% | |
| Magnolia Bank | $465,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $570,000 | $445,000 | -21.9% | 0.2% |
| CFCU Community Credit Union | $75,000 | $435,000 | 480.0% | 0.2% |
| Equity Prime Mortgage LLC | $430,000 | n/a | 0.2% | |
| GENESEE VALLEY | $105,000 | $430,000 | 309.5% | 0.2% |
| SEFCU SERVICES, LLC | $395,000 | $425,000 | 7.6% | 0.2% |
| RELIANT COMMUNITY FEDERAL CREDIT UNION | $70,000 | $420,000 | 500.0% | 0.2% |
| Tioga State Bank | $510,000 | $420,000 | -17.6% | 0.2% |
| NEWREZ LLC | $1,145,000 | $405,000 | -64.6% | 0.2% |
| Discover Bank | $175,000 | $395,000 | 125.7% | 0.2% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $390,000 | n/a | 0.2% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $350,000 | n/a | 0.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $370,000 | $340,000 | -8.1% | 0.2% |
| Flagstar Bank, FSB | $175,000 | $340,000 | 94.3% | 0.2% |
| Citadel Servicing Corporation | $325,000 | n/a | 0.2% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $325,000 | n/a | 0.2% | |
| Ally Bank | $245,000 | $315,000 | 28.6% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $125,000 | $300,000 | 140.0% | 0.1% |
| CIBM Bank | $295,000 | n/a | 0.1% | |
| PENNYMAC LOAN SERVICES, LLC | $1,035,000 | $280,000 | -72.9% | 0.1% |
| Armed Forces Bank | $275,000 | n/a | 0.1% | |
| Logan Finance Corporation | $275,000 | n/a | 0.1% | |
| Wayne Bank | $940,000 | $245,000 | -73.9% | 0.1% |
| AMERICU Credit Union | $295,000 | $220,000 | -25.4% | 0.1% |
| Evans Bank | $65,000 | $220,000 | 238.5% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $220,000 | n/a | 0.1% | |
| RANLIFE, INC. | $215,000 | n/a | 0.1% | |
| HUNT MORTGAGE CORPORATION | $170,000 | $210,000 | 23.5% | 0.1% |
| HOMESTEAD FUNDING CORP. | $145,000 | $205,000 | 41.4% | 0.1% |
| Empower Federal Credit Union | $905,000 | $195,000 | -78.5% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $185,000 | n/a | 0.1% | |
| US MORTGAGE CORPORATION | $365,000 | $175,000 | -52.1% | 0.1% |
| CMG MORTGAGE, INC. | $245,000 | $165,000 | -32.7% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $630,000 | $160,000 | -74.6% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
| NJ LENDERS CORP. | $145,000 | n/a | 0.1% | |
| Northwest Bank | $355,000 | $145,000 | -59.2% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $145,000 | n/a | 0.1% | |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $25,000 | $130,000 | 420.0% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $260,000 | $125,000 | -51.9% | 0.1% |
| Univest Bank and Trust Co. | $175,000 | $125,000 | -28.6% | 0.1% |
| FIRST TECHNOLOGY | $115,000 | n/a | 0.1% | |
| PS Bank | $115,000 | n/a | 0.1% | |
| Red River Bank | $115,000 | n/a | 0.1% | |
| TD Bank | $550,000 | $115,000 | -79.1% | 0.1% |
| The Honesdale National Bank | $355,000 | $115,000 | -67.6% | 0.1% |
| HUDSON VALLEY CREDIT UNION | $85,000 | n/a | 0.0% | |
| Savannah Bank | $75,000 | n/a | 0.0% | |
| First National Bank of America | $45,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $55,000 | $15,000 | -72.7% | 0.0% |
| FAMILY FIRST OF NY | $65,000 | $15,000 | -76.9% | 0.0% |
| THE SUMMIT Federal Credit Union | $15,000 | n/a | 0.0% |
Corning's top lender by overall market share is CORNING, with 16.5% market share. In second place, with 7.6%, is SERVU FEDERAL CREDIT UNION, having originated $15,150,000 in loans. In third place, with 7.4%, is Community Bank, having originated $14,740,000 in loans. In fourth place, with 5.8%, is QUICKEN LOANS, LLC, having originated $11,685,000 in loans. In fifth place, with 5.7%, is FIRST HERITAGE FEDERAL CREDIT UNION, having originated $11,500,000 in loans.
Corning, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 757 | $136,825,000 | $180,746 |
| Home Improvement | 279 | $16,665,000 | $59,731 |
| Other | 241 | $15,815,000 | $65,622 |
| Refi | 149 | $18,305,000 | $122,852 |
| Cash Out Refi | 104 | $12,430,000 | $119,519 |
Corning's most frequently cited loan purpose was Home Purchase, with 757 originations. The 2nd most popular reason was Home Improvement, with 279 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 596 | $94,460,000 | $158,490 |
| 7-8% | 373 | $52,735,000 | $141,381 |
| Over 8% | 192 | $15,950,000 | $83,073 |
| 5-6% | 101 | $17,015,000 | $168,465 |
| 4-5% | 18 | $2,330,000 | $129,444 |
| <2.5% | 16 | $700,000 | $43,750 |
| 3-4% | 3 | $455,000 | $151,667 |
During 2024, Corning's most frequently originated rate bucket was 6-7%, with 596 originations.
Loan Sizing (Corning, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 758 | $40,360,000 | $53,245 |
| $100k-200k | 515 | $72,635,000 | $141,039 |
| $200k-400k | 207 | $54,395,000 | $262,778 |
| $400k-600k | 28 | $13,200,000 | $471,429 |
| $600k-1000k | 16 | $11,240,000 | $702,500 |
| $Over $1MM | 6 | $8,210,000 | $1,368,333 |
Corning's loan sizing saw the bucket of loans from $100,000 or less with 758 originations, totaling $40,360,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 499 | $92,775,000 | $185,922 |
| 60-80% | 272 | $48,910,000 | $179,816 |
| 20-40% | 202 | $14,850,000 | $73,515 |
| Under 20% | 188 | $6,960,000 | $37,021 |
| 40-60% | 124 | $18,130,000 | $146,210 |
| Over 100% | 6 | $1,350,000 | $225,000 |
Corning's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 499 originations, totaling $92,775,000 in origination value.