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 6.59% for the week of 2024-05-23, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-05-16) was 7.07% and one month ago for the week of 2024-04-18, the average rate was 6.95%.

Corning's average rate one year ago was 6.34%.

For refis of the same type during the week of 2024-05-23, the average rate was 7.44%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-23 6.94%
Corning 30 Year Fixed Rate 2024-05-23 6.59%
Corning 30 Year Fixed Rate Refi 2024-05-23 7.44%
Corning 15 Year Fixed Rate 2024-05-23 6.74%
Corning 15 Year Fixed Rate Refi 2024-05-23 6.14%
Corning 30 Year FHA 2024-05-23 6.69%
Corning 30 Year FHA Refi 2024-05-23 6.65%
Corning 30 Year USDA 2024-05-23 6.54%
Corning 30 Year USDA Refi 2024-05-23 6.64%
Corning 30 Year VA 2024-05-23 6.67%
Corning 30 Year VA Refi 2024-05-23 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CORNING 80 6.45% $4,154
Community Bank 58 6.95% $617
Premium Mortgage Corporation 26 6.91% $4,046
MOVEMENT MORTGAGE, LLC 23 6.61% $6,912
QUICKEN LOANS, LLC 23 6.95% $6,958
1ST PRIORITY MORTGAGE, INC. 18 6.55% $4,540
FIRST HERITAGE FEDERAL CREDIT UNION 18 6.44% $2,772
PARAGON HOME LOANS INC. 16 6.35% $3,598
The Lyons National Bank 13 6.59% $6,214
Five Star Bank 13 6.63% $3,472
PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.83% $4,820
Citizens & Northern Bank 9 6.81% $4,133
Farm Credit East, ACA 7 7.14% $5,218
Chemung Canal Trust Company 6 6.73% $2,680
UNITED WHOLESALE MORTGAGE, LLC 5 6.55% $6,541
M&T Bank 4 6.53% $4,667
JPMorgan Chase Bank 4 6.87% $3,899
VISIONS 4 6.69% $3,556
First Federal Bank 3 7.13% $5,160
Wells Fargo Bank 3 6.63% $2,685
PREMIA MORTGAGE, LLC 3 6.29% $1,248
SEFCU SERVICES, LLC 3 5.88% $3,006
Citizens Bank 3 7.04% $4,524
Northwest Bank 2 6.31% $3,963
21ST MORTGAGE CORPORATION 2 8.29% $5,990
Bank of America 2 5.56% $11,432
CROSSCOUNTRY MORTGAGE, LLC 2 7.06% $7,064
Empower Federal Credit Union 2 7.00% $4,505
Genesee Regional Bank 2 6.81% $3,832
NEWREZ LLC 2 7.44% $8,313
NORWICH COMMERCIAL GROUP, INC. 2 7.06% $9,851
PENNYMAC LOAN SERVICES, LLC 2 6.63% $3,563
TD Bank 2 6.44% $4,907
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 7.00% $9,851
Wayne Bank 1 5.75% $5,684
Pittsford Federal Credit Union 1 5.88% $2,669
HUNT MORTGAGE CORPORATION 1 6.63% $3,448
Evans Bank 1 6.63% $3,124
ESL Federal Credit Union 1 7.13% $4,381
DRAPER AND KRAMER MORTGAGE CORP. 1 7.50% $6,943
RELIANCE FIRST CAPITAL, LLC 1 6.99% $7,246
Discover Bank 1 7.74% $0
Ally Bank 1 6.63% $6,084
BETTER MORTGAGE CORPORATION 1 5.13% $9,569
TOTAL MORTGAGE SERVICES, LLC 1 6.99% $7,019
UBS Bank USA 1 6.63% $4,537
Mortgage Research Center, LLC 1 7.38% $8,661
Barrington Bank & Trust Company, N.A. 1 8.00% $4,467
MORTGAGE ACCESS CORP. 1 6.50% $3,720
AMERICU Credit Union 1 5.75% $6,494

Corning Average Closing Costs & Other Stats

Corning, NY's 50 lenders originated 1,488 loans during 2023. The total origination value was $183,070,000, with an average loan value of $123,031.

Corning's average closing costs are $3,904.

The top Corning lender as defined by loan originations is CORNING, with 80 loans originated. Their average total fees are $4,154, which is $3,537 higher than the next largest lender, Community Bank.

The lowest fee Corning lenders (with over 10 loans originated) are Community Bank ($617), FIRST HERITAGE FEDERAL CREDIT UNION ($2,772), Five Star Bank ($3,472), PARAGON HOME LOANS INC. ($3,598) and Premium Mortgage Corporation ($4,046).

The lowest rate Corning lenders (with over 10 loans originated) are PARAGON HOME LOANS INC. (6.35%), FIRST HERITAGE FEDERAL CREDIT UNION (6.44%), CORNING (6.45%), 1ST PRIORITY MORTGAGE, INC. (6.55%) and The Lyons National Bank (6.59%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
CORNING $53,290,000 $38,090,000 -28.5% 20.8%
Community Bank $25,680,000 $19,150,000 -25.4% 10.5%
SERVU FEDERAL CREDIT UNION $15,940,000 $17,930,000 12.5% 9.8%
FIRST HERITAGE FEDERAL CREDIT UNION $16,750,000 $10,640,000 -36.5% 5.8%
MOVEMENT MORTGAGE, LLC $8,300,000 $8,700,000 4.8% 4.8%
Premium Mortgage Corporation $7,005,000 $8,225,000 17.4% 4.5%
QUICKEN LOANS, LLC $14,470,000 $7,560,000 -47.8% 4.1%
PARAGON HOME LOANS INC. $8,670,000 $6,510,000 -24.9% 3.6%
The Lyons National Bank $5,550,000 $5,050,000 -9.0% 2.8%
HOME TOWN FUNDING, INC. $5,845,000 $4,700,000 -19.6% 2.6%
Five Star Bank $20,665,000 $4,040,000 -80.5% 2.2%
Mortgage Research Center, LLC $3,930,000 $3,995,000 1.7% 2.2%
Citizens & Northern Bank $4,915,000 $3,860,000 -21.5% 2.1%
1ST PRIORITY MORTGAGE, INC. $3,025,000 $3,715,000 22.8% 2.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,280,000 $3,315,000 1.1% 1.8%
Chemung Canal Trust Company $5,005,000 $2,260,000 -54.8% 1.2%
Farm Credit East, ACA $2,340,000 $2,250,000 -3.8% 1.2%
ESL Federal Credit Union $2,030,000 $2,095,000 3.2% 1.1%
M&T Bank $5,300,000 $1,880,000 -64.5% 1.0%
VISIONS $2,445,000 $1,645,000 -32.7% 0.9%
Wells Fargo Bank $4,955,000 $1,245,000 -74.9% 0.7%
UNITED WHOLESALE MORTGAGE, LLC $2,325,000 $1,205,000 -48.2% 0.7%
The Canandaigua National Bank and Trust Company $1,040,000 $1,150,000 10.6% 0.6%
NEWREZ LLC $1,895,000 $1,145,000 -39.6% 0.6%
First Federal Bank $1,095,000 n/a 0.6%
JPMorgan Chase Bank $1,190,000 $1,090,000 -8.4% 0.6%
21ST MORTGAGE CORPORATION $355,000 $1,085,000 205.6% 0.6%
PENNYMAC LOAN SERVICES, LLC $1,035,000 n/a 0.6%
Citizens Bank $1,005,000 $980,000 -2.5% 0.5%
Wayne Bank $125,000 $940,000 652.0% 0.5%
Empower Federal Credit Union $3,345,000 $905,000 -72.9% 0.5%
Bank of America $2,025,000 $895,000 -55.8% 0.5%
Genesee Regional Bank $4,560,000 $880,000 -80.7% 0.5%
PREMIA MORTGAGE, LLC $2,950,000 $665,000 -77.5% 0.4%
NORWICH COMMERCIAL GROUP, INC. $630,000 n/a 0.3%
Barrington Bank & Trust Company, N.A. $240,000 $570,000 137.5% 0.3%
TD Bank $550,000 n/a 0.3%
Tioga State Bank $115,000 $510,000 343.5% 0.3%
Pittsford Federal Credit Union $1,155,000 $500,000 -56.7% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $465,000 n/a 0.3%
NATIONWIDE MORTGAGE BANKERS, INC. $115,000 $445,000 287.0% 0.2%
SEFCU SERVICES, LLC $255,000 $395,000 54.9% 0.2%
Ukrainian Selfreliance Federal Credit Union $375,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $700,000 $370,000 -47.1% 0.2%
US MORTGAGE CORPORATION $365,000 n/a 0.2%
Northwest Bank $610,000 $355,000 -41.8% 0.2%
The Honesdale National Bank $475,000 $355,000 -25.3% 0.2%
Carrington Mortgage Services, LLC $875,000 $350,000 -60.0% 0.2%
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. $345,000 n/a 0.2%
AMERICU Credit Union $125,000 $295,000 136.0% 0.2%
DIGITAL Federal Credit Union $220,000 $275,000 25.0% 0.2%
NAVY FEDERAL CREDIT UNION $1,345,000 $265,000 -80.3% 0.1%
PLAZA HOME MORTGAGE, INC. $250,000 $260,000 4.0% 0.1%
Ally Bank $245,000 n/a 0.1%
CMG MORTGAGE, INC. $245,000 n/a 0.1%
Generations Bank $190,000 $235,000 23.7% 0.1%
MORTGAGE ACCESS CORP. $225,000 n/a 0.1%
FREEDOM MORTGAGE CORPORATION $3,530,000 $215,000 -93.9% 0.1%
Mr. Cooper ( Nationstar Mortgage ) $1,950,000 $215,000 -89.0% 0.1%
BETTER MORTGAGE CORPORATION $270,000 $205,000 -24.1% 0.1%
CONTOUR MORTGAGE CORPORATION $95,000 $175,000 84.2% 0.1%
Discover Bank $245,000 $175,000 -28.6% 0.1%
Flagstar Bank, FSB $155,000 $175,000 12.9% 0.1%
Univest Bank and Trust Co. $175,000 n/a 0.1%
HUNT MORTGAGE CORPORATION $455,000 $170,000 -62.6% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $165,000 n/a 0.1%
FirstBank $8,850,000 $165,000 -98.1% 0.1%
MLB RESIDENTIAL LENDING, LLC $165,000 n/a 0.1%
TOTAL MORTGAGE SERVICES, LLC $345,000 $165,000 -52.2% 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $155,000 n/a 0.1%
HOMESTEAD FUNDING CORP. $860,000 $145,000 -83.1% 0.1%
KeyBank $340,000 $145,000 -57.4% 0.1%
UBS Bank USA $135,000 n/a 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $405,000 $125,000 -69.1% 0.1%
RELIANCE FIRST CAPITAL, LLC $125,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $115,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $350,000 $115,000 -67.1% 0.1%
AMERICAN HERITAGE LENDING, INC. $115,000 n/a 0.1%
U.S. Bank $115,000 n/a 0.1%
Centier Bank $105,000 n/a 0.1%
GENESEE VALLEY $570,000 $105,000 -81.6% 0.1%
LOANDEPOT.COM, LLC $1,000,000 $95,000 -90.5% 0.1%
USAA Federal Savings Bank $1,030,000 $85,000 -91.7% 0.0%
CFCU Community Credit Union $105,000 $75,000 -28.6% 0.0%
RELIANT COMMUNITY FEDERAL CREDIT UNION $305,000 $70,000 -77.0% 0.0%
Evans Bank $45,000 $65,000 44.4% 0.0%
FAMILY FIRST OF NY $55,000 $65,000 18.2% 0.0%
Tompkins Trust Company $1,050,000 $65,000 -93.8% 0.0%
Bethpage Federal Credit Union $250,000 $55,000 -78.0% 0.0%
JUSTICE Federal Credit Union $55,000 $45,000 -18.2% 0.0%
STATE EMPLOYEES FEDERAL CREDIT UNION $25,000 n/a 0.0%

Corning's top lender by overall market share is CORNING, with 20.8% market share. In second place, with 10.5%, is Community Bank, having originated $19,150,000 in loans. In third place, with 9.8%, is SERVU FEDERAL CREDIT UNION, having originated $17,930,000 in loans. In fourth place, with 5.8%, is FIRST HERITAGE FEDERAL CREDIT UNION, having originated $10,640,000 in loans. In fifth place, with 4.8%, is MOVEMENT MORTGAGE, LLC, having originated $8,700,000 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 $129,900 (4.4%) $194,981 (2.6%) 0.00 389
2018-02-01 $137,725 (12.9%) $195,120 (3.4%) 0.00 381
2018-03-01 $138,450 (7.1%) $197,486 (1.4%) 0.00 366
2018-04-01 $129,900 (1.2%) $197,000 (-0.1%) 0.00 364
2018-05-01 $129,450 (-5.8%) $197,931 (-12.8%) 0.00 396
2018-06-01 $129,900 (-7.2%) $199,246 (-12.3%) 0.00 418
2018-07-01 $138,450 (-1.0%) $199,893 (-11.1%) 0.00 449
2018-08-01 $134,900 (-5.3%) $196,918 (-11.5%) 0.00 465
2018-09-01 $133,400 (-1.1%) $198,011 (-11.4%) 0.00 462
2018-10-01 $130,075 (-5.4%) $196,526 (-13.5%) 0.00 455
2018-11-01 $134,900 (-6.9%) $199,527 (-11.4%) 0.00 435
2018-12-01 $129,300 (-7.0%) $199,188 (-0.5%) 0.00 379
2019-01-01 $129,100 (-0.6%) $188,873 (-3.1%) 0.00 343
2019-02-01 $129,750 (-5.8%) $191,422 (-1.9%) 0.00 336
2019-03-01 $138,386 (-0.1%) $207,107 (4.9%) 0.00 321
2019-04-01 $148,286 (14.2%) $224,242 (13.8%) 0.00 303
2019-05-01 $141,950 (9.7%) $219,504 (10.9%) 0.00 330
2019-06-01 $151,000 (16.2%) $220,853 (10.8%) 0.00 341
2019-07-01 $149,650 (8.1%) $210,653 (5.4%) 0.00 371
2019-08-01 $142,173 (5.4%) $209,551 (6.4%) 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 $137,500 (-0.6%) $218,591 (5.5%) 0.00 263
2020-04-01 $147,725 (-0.4%) $234,621 (4.6%) 0.00 246
2020-05-01 $149,900 (5.6%) $245,291 (11.8%) 0.00 238
2020-06-01 $153,975 (2.0%) $234,971 (6.4%) 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%) $247,846 (18.6%) 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 (41.8%) $292,731 (33.9%) 0.00 151
2021-04-01 $174,950 (18.4%) $293,517 (25.1%) 0.00 129
2021-05-01 $199,700 (33.2%) $291,852 (19.0%) 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 $185,250 (3.2%) $270,911 (9.3%) 0.00 167
2021-10-01 $179,900 (2.9%) $251,589 (4.6%) 0.00 174
2021-11-01 $176,500 (-1.7%) $243,587 (-5.1%) 0.00 168
2021-12-01 $168,450 (-4.9%) $240,511 (-8.5%) 0.00 152
2022-01-01 $169,950 (-2.3%) $249,781 (-5.6%) 0.00 139
2022-02-01 $159,950 (-13.5%) $243,590 (-14.5%) 0.00 127
2022-03-01 $163,675 (-16.0%) $247,843 (-15.3%) 0.00 109
2022-04-01 $174,900 (0.0%) $254,148 (-13.4%) 0.00 101
2022-05-01 $179,225 (-10.3%) $260,506 (-10.7%) 0.00 115
2022-06-01 $188,750 (3.5%) $275,437 (-10.7%) 0.00 149
2022-07-01 $196,950 (12.5%) $283,650 (-3.7%) 0.00 166
2022-08-01 $199,000 (12.1%) $284,659 (6.8%) 0.00 182
2022-09-01 $202,175 (9.1%) $315,826 (16.6%) 0.00 175
2022-10-01 $186,000 (3.4%) $307,757 (22.3%) 0.00 177
2022-11-01 $187,000 (6.0%) $313,933 (28.9%) 0.00 165
2022-12-01 $181,250 (7.6%) $303,304 (26.1%) 0.00 144
2023-01-01 $174,950 (2.9%) $293,582 (17.5%) 0.00 124
2023-02-01 $174,450 (9.1%) $286,240 (17.5%) 0.00 120
2023-03-01 $172,375 (5.3%) $242,680 (-2.1%) 0.00 122
2023-04-01 $179,000 (2.3%) $242,575 (-4.6%) 0.00 114
2023-05-01 $189,900 (6.0%) $242,436 (-6.9%) 0.00 129
2023-06-01 $179,700 (-4.8%) $280,263 (1.8%) 0.00 135
2023-07-01 $182,450 (-7.4%) $294,897 (4.0%) 0.00 136
2023-08-01 $186,225 (-6.4%) $292,725 (2.8%) 0.00 148
2023-09-01 $199,000 (-1.6%) $301,620 (-4.5%) 0.00 163
2023-10-01 $187,175 (0.6%) $282,877 (-8.1%) 0.00 183
2023-11-01 $184,950 (-1.1%) $272,116 (-13.3%) 0.00 179
2023-12-01 $173,000 (-4.6%) $255,847 (-15.7%) 0.00 161
2024-01-01 $165,000 (-5.7%) $240,787 (-18.0%) 0.00 138
2024-02-01 $184,975 (6.0%) $250,874 (-12.4%) 0.00 124
2024-03-01 $196,950 (14.3%) $272,740 (12.4%) 0.00 119
2024-04-01 $209,450 (17.0%) $275,003 (13.4%) 0.00 119
Corning's median listing price for 2024-04-01 was $209,450, a difference of $30,450 (17.0%) versus the prior year and $12,500 versus the prior month.

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

Corning's average listing price for 2024-04-01 was $275,003, a difference of $32,428 (13.4%) versus the prior year and $2,263 versus the prior month.

For the 2024-04-01 period, Corning had 119 MLS listings, a difference of 0 listings (0%) versus the prior month and 5 listings (4%) 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 1,757 sqft
2018-03-01 0 days 1,800 sqft
2018-04-01 0 days 1,793 sqft
2018-05-01 0 days 1,685 sqft
2018-06-01 0 days 1,680 sqft
2018-07-01 0 days 1,768 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 1,755 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 1,892 sqft
2020-05-01 0 days 1,892 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 1,963 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 1,909 sqft
2022-06-01 0 days 1,969 sqft
2022-07-01 0 days 1,976 sqft
2022-08-01 0 days 1,884 sqft
2022-09-01 0 days 1,889 sqft
2022-10-01 0 days 1,869 sqft
2022-11-01 0 days 1,929 sqft
2022-12-01 0 days 1,939 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
2023-12-01 0 days 1,726 sqft
2024-01-01 0 days 1,728 sqft
2024-02-01 0 days 1,747 sqft
2024-03-01 0 days 1,837 sqft
2024-04-01 0 days 1,786 sqft
Corning's median listing age (time on market) for 2024-04-01 was 0 days.

Corning's median square footage for active listings during the 2024-04-01 period was 1,786 sqft. One year prior, the average listing was 1,821 sqft.

Corning, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 740 $122,670,000 $165,770
Other 279 $16,935,000 $60,699
Home Improvement 215 $14,145,000 $65,791
Refi 151 $16,575,000 $109,768
Cash Out Refi 103 $12,745,000 $123,738

Corning's most frequently cited loan purpose was Home Purchase, with 740 originations. The 2nd most popular reason was Other, with 279 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 589 $82,275,000 $139,686
7-8% 306 $41,070,000 $134,216
5-6% 174 $24,720,000 $142,069
Over 8% 109 $10,705,000 $98,211
4-5% 28 $2,350,000 $83,929
<2.5% 26 $2,730,000 $105,000
3-4% 1 $65,000 $65,000

During 2023, Corning's most frequently originated rate bucket was 6-7%, with 589 originations.

Loan Sizing (Corning, NY MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 729 $37,205,000 $51,036
$100k-200k 539 $75,915,000 $140,844
$200k-400k 185 $48,875,000 $264,189
$400k-600k 20 $9,400,000 $470,000
$600k-1000k 13 $9,065,000 $697,308
$Over $1MM 2 $2,610,000 $1,305,000

Corning's loan sizing saw the bucket of loans from $100,000 or less with 729 originations, totaling $37,205,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 515 $87,095,000 $169,117
60-80% 239 $43,355,000 $181,402
20-40% 198 $12,910,000 $65,202
Under 20% 163 $6,055,000 $37,147
40-60% 109 $13,045,000 $119,679
Over 100% 7 $1,325,000 $189,286

Corning's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 515 originations, totaling $87,095,000 in origination value.