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 6.63% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.64% and one month ago for the week of 2024-10-10, the average rate was 6.07%.

    Corning's average rate one year ago was 7.15%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Corning 30 Year Fixed Rate 2024-11-14 6.63%
    Corning 30 Year Fixed Rate Refi 2024-11-14 7.28%
    Corning 15 Year Fixed Rate 2024-11-14 6.19%
    Corning 15 Year Fixed Rate Refi 2024-11-14 6.19%
    Corning 30 Year FHA 2024-11-14 -0.16%
    Corning 30 Year FHA Refi 2024-11-14 0%
    Corning 30 Year USDA 2024-11-14 0.2%
    Corning 30 Year USDA Refi 2024-11-14 0%
    Corning 30 Year VA 2024-11-14 -0.2%
    Corning 30 Year VA Refi 2024-11-14 0%
    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
    2024-05-01 $241,725 (27.3%) $288,297 (18.9%) 0.00 129
    2024-06-01 $250,000 (39.1%) $294,518 (5.1%) 0.00 154
    2024-07-01 $239,924 (31.5%) $282,237 (-4.3%) 0.00 181
    2024-08-01 $222,500 (19.5%) $268,208 (-8.4%) 0.00 195
    2024-09-01 $207,900 (4.5%) $268,397 (-11.0%) 0.00 218
    2024-10-01 $194,450 (3.9%) $251,641 (-11.0%) 0.00 208
    Corning's median listing price for 2024-10-01 was $194,450, a difference of $7,275 (3.9%) versus the prior year and $-13,450 versus the prior month.

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

    Corning's average listing price for 2024-10-01 was $251,641, a difference of $-31,236 (-11.0%) versus the prior year and $-16,756 versus the prior month.

    For the 2024-10-01 period, Corning had 208 MLS listings, a difference of -10 listings (-5%) versus the prior month and 25 listings (14%) 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
    2024-05-01 0 days 1,836 sqft
    2024-06-01 0 days 1,843 sqft
    2024-07-01 0 days 1,860 sqft
    2024-08-01 0 days 1,786 sqft
    2024-09-01 0 days 1,783 sqft
    2024-10-01 0 days 1,800 sqft
    Corning's median listing age (time on market) for 2024-10-01 was 0 days.

    Corning's median square footage for active listings during the 2024-10-01 period was 1,800 sqft. One year prior, the average listing was 1,786 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.