GLENS FALLS 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 Glens Falls averaged 6.59% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.22% and one month ago for the week of 2024-10-03, the average rate was 5.92%.

    Glens Falls's average rate one year ago was 7.16%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.89%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Glens Falls 30 Year Fixed Rate 2024-11-07 6.59%
    Glens Falls 30 Year Fixed Rate Refi 2024-11-07 6.89%
    Glens Falls 15 Year Fixed Rate 2024-11-07 6.2%
    Glens Falls 15 Year Fixed Rate Refi 2024-11-07 6.1%
    Glens Falls 30 Year FHA 2024-11-07 6.36%
    Glens Falls 30 Year FHA Refi 2024-11-07 6.63%
    Glens Falls 30 Year USDA 2024-11-07 6.58%
    Glens Falls 30 Year USDA Refi 2024-11-07 6.28%
    Glens Falls 30 Year VA 2024-11-07 6.61%
    Glens Falls 30 Year VA Refi 2024-11-07 6.54%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GLENS FALLS, NY.

    GLENS FALLS 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 GLENS FALLS, 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
    HOMESTEAD FUNDING CORP. 140 6.48% $3,947
    Glens Falls National Bank and Trust Company 120 5.56% $3,801
    SEFCU SERVICES, LLC 66 5.49% $4,503
    QUICKEN LOANS, LLC 53 6.91% $6,916
    UNITED WHOLESALE MORTGAGE, LLC 27 6.93% $7,304
    TrustCo Bank 26 6.48% $2,671
    HUDSON RIVER COMMUNITY 19 6.96% $2,065
    Community Bank 18 6.93% $1,460
    Saratoga National Bank and Trust Company 15 5.99% $3,489
    TD Bank 14 6.94% $2,473
    GUARANTEED RATE, INC. 12 6.66% $6,339
    Farm Credit East, ACA 11 7.56% $4,820
    JPMorgan Chase Bank 11 7.43% $6,421
    M&T Bank 9 6.58% $4,701
    Evolve Bank & Trust 9 7.15% $5,417
    NBT Bank 8 5.94% $4,801
    MOVEMENT MORTGAGE, LLC 7 7.05% $4,898
    NEWREZ LLC 6 6.79% $9,173
    KeyBank 6 6.60% $3,682
    Premium Mortgage Corporation 6 7.38% $6,358
    Berkshire Bank 5 6.20% $4,358
    U.S. Bank 5 6.48% $6,293
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.47% $5,868
    LOANDEPOT.COM, LLC 5 7.15% $9,103
    SUNMARK FEDERAL CREDIT UNION 5 6.48% $6,881
    Citibank 4 5.44% $5,995
    Bethpage Federal Credit Union 4 6.97% $5,157
    1ST PRIORITY MORTGAGE, INC. 4 6.41% $5,930
    USAA Federal Savings Bank 4 7.03% $7,697
    PLAZA HOME MORTGAGE, INC. 4 7.13% $7,431
    CROSSCOUNTRY MORTGAGE, LLC 3 6.96% $8,044
    Bank of America 3 6.96% $5,667
    Citizens Bank 3 5.92% $4,217
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 7.46% $8,034
    HUNT MORTGAGE CORPORATION 3 7.25% $5,671
    NAVY FEDERAL CREDIT UNION 3 6.54% $6,325
    Wells Fargo Bank 3 7.08% $6,657
    Webster Bank 2 6.00% $21,860
    ROYAL UNITED MORTGAGE LLC 2 6.88% $9,520
    BETTER MORTGAGE CORPORATION 2 6.50% $17,540
    AMERICAN FINANCING CORPORATION 2 6.31% $7,961
    Mr. Cooper ( Nationstar Mortgage ) 2 7.24% $11,439
    21ST MORTGAGE CORPORATION 2 7.98% $6,236
    Morgan Stanley Private Bank 2 6.09% $6,383
    EMM LOANS LLC 2 6.81% $6,575
    Plains Commerce Bank 2 7.06% $5,945
    CONTOUR MORTGAGE CORPORATION 1 6.38% $4,578
    Chemung Canal Trust Company 1 4.75% $4,151
    NJ LENDERS CORP. 1 6.50% $5,522
    OceanFirst Bank 1 7.25% $7,812
    OWNERSCHOICE FUNDING, INCORPORATED 1 6.38% $4,772
    PENNYMAC LOAN SERVICES, LLC 1 6.50% $7,449
    BOND STREET MORTGAGE, LLC 1 7.63% $16,555
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.38% $10,461
    Baxter Credit Union 1 6.88% $10,971
    Raymond James Bank 1 5.25% $3,739
    RELIANCE FIRST CAPITAL, LLC 1 7.99% $11,111
    RESIDENTIAL HOME FUNDING CORP. 1 7.00% $8,470
    AMERICU Credit Union 1 5.50% $6,246
    Shamrock Home Loans, Inc. 1 7.50% $11,020
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $7,172
    TCT 1 5.63% $3,624
    Ally Bank 1 7.38% $4,271
    Third Federal Savings and Loan Association of Cleveland 1 6.19% $595
    AFFINITY 1 5.75% $2,964
    A&D Mortgage LLC 1 9.25% $7,887
    Univest Bank and Trust Co. 1 7.75% $18,581
    Adirondack Bank 1 6.00% $3,867
    FREEDOM MORTGAGE CORPORATION 1 7.25% $0
    HOME TOWN FUNDING, INC. 1 5.75% $3,686
    FM Home Loans, LLC 1 6.50% $6,241
    HSBC BANK USA, NATIONAL ASSOCIATION 1 5.48% $4,216
    HUDSON VALLEY CREDIT UNION 1 6.13% $3,200
    US MORTGAGE CORPORATION 1 6.99% $8,338
    First Savings Bank 1 7.50% $5,716
    First Citizens Community Bank 1 6.88% $7,726
    First-Citizens Bank & Trust Company 1 5.13% $5,316
    Discover Bank 1 6.74% $0
    NATIONWIDE MORTGAGE BANKERS, INC. 1 8.00% $5,007
    NBKC BANK 1 6.13% $7,907

    GLENS FALLS Average Closing Costs & Other Stats

    GLENS FALLS, NY's 80 lenders originated 1,994 loans during 2023. The total origination value was $462,230,000, with an average loan value of $231,810.

    GLENS FALLS's average closing costs are $4,778.

    The top GLENS FALLS lender as defined by loan originations is HOMESTEAD FUNDING CORP., with 140 loans originated. Their average total fees are $3,947, which is $146 higher than the next largest lender, Glens Falls National Bank and Trust Company.

    The lowest fee GLENS FALLS lenders (with over 10 loans originated) are Community Bank ($1,460), HUDSON RIVER COMMUNITY ($2,065), TD Bank ($2,473), TrustCo Bank ($2,671) and Saratoga National Bank and Trust Company ($3,489).

    The lowest rate GLENS FALLS lenders (with over 10 loans originated) are SEFCU SERVICES, LLC (5.49%), Glens Falls National Bank and Trust Company (5.56%), Saratoga National Bank and Trust Company (5.99%), TrustCo Bank (6.48%) and HOMESTEAD FUNDING CORP. (6.48%).

    GLENS FALLS, 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
    Glens Falls National Bank and Trust Company $127,965,000 $124,345,000 -2.8% 26.9%
    HOMESTEAD FUNDING CORP. $65,045,000 $53,455,000 -17.8% 11.6%
    SEFCU SERVICES, LLC $16,910,000 $21,820,000 29.0% 4.7%
    Berkshire Bank $3,130,000 $19,760,000 531.3% 4.3%
    QUICKEN LOANS, LLC $39,550,000 $18,770,000 -52.5% 4.1%
    TrustCo Bank $25,015,000 $15,680,000 -37.3% 3.4%
    UNITED WHOLESALE MORTGAGE, LLC $16,885,000 $15,140,000 -10.3% 3.3%
    NBT Bank $23,700,000 $11,070,000 -53.3% 2.4%
    The Adirondack Trust Company $68,635,000 $10,760,000 -84.3% 2.3%
    TD Bank $14,175,000 $9,935,000 -29.9% 2.1%
    Citizens Bank $16,870,000 $9,565,000 -43.3% 2.1%
    STATE EMPLOYEES FEDERAL CREDIT UNION $7,375,000 $8,690,000 17.8% 1.9%
    HUDSON RIVER COMMUNITY $17,130,000 $6,675,000 -61.0% 1.4%
    GUARANTEED RATE, INC. $5,465,000 $6,180,000 13.1% 1.3%
    Saratoga National Bank and Trust Company $3,815,000 $5,975,000 56.6% 1.3%
    Community Bank $74,005,000 $5,815,000 -92.1% 1.3%
    SUNMARK FEDERAL CREDIT UNION $6,005,000 $5,335,000 -11.2% 1.2%
    M&T Bank $39,200,000 $4,365,000 -88.9% 0.9%
    JPMorgan Chase Bank $8,350,000 $4,305,000 -48.4% 0.9%
    Evolve Bank & Trust $6,410,000 $4,185,000 -34.7% 0.9%
    Mortgage Research Center, LLC $5,040,000 $4,035,000 -19.9% 0.9%
    NEWREZ LLC $2,195,000 $3,900,000 77.7% 0.8%
    Farm Credit East, ACA $2,940,000 $3,300,000 12.2% 0.7%
    TCT $13,555,000 $3,250,000 -76.0% 0.7%
    Citibank $3,775,000 $2,895,000 -23.3% 0.6%
    Ballston Spa National Bank $5,320,000 $2,675,000 -49.7% 0.6%
    HUNT MORTGAGE CORPORATION $1,430,000 $2,675,000 87.1% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $2,440,000 $2,670,000 9.4% 0.6%
    KeyBank $34,490,000 $2,655,000 -92.3% 0.6%
    USAA Federal Savings Bank $320,000 $2,515,000 685.9% 0.5%
    LOANDEPOT.COM, LLC $4,150,000 $2,500,000 -39.8% 0.5%
    Bank of America $9,070,000 $2,355,000 -74.0% 0.5%
    NAVY FEDERAL CREDIT UNION $4,225,000 $2,345,000 -44.5% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $5,720,000 $2,070,000 -63.8% 0.4%
    FIRST NEW YORK $1,810,000 $2,005,000 10.8% 0.4%
    Webster Bank $2,145,000 $1,990,000 -7.2% 0.4%
    A&D Mortgage LLC $750,000 $1,970,000 162.7% 0.4%
    Premium Mortgage Corporation $4,435,000 $1,930,000 -56.5% 0.4%
    Morgan Stanley Private Bank $2,150,000 $1,830,000 -14.9% 0.4%
    Barrington Bank & Trust Company, N.A. $945,000 $1,815,000 92.1% 0.4%
    MOVEMENT MORTGAGE, LLC $2,585,000 $1,790,000 -30.8% 0.4%
    PLAZA HOME MORTGAGE, INC. $2,820,000 $1,720,000 -39.0% 0.4%
    FINANCE OF AMERICA REVERSE LLC $245,000 $1,580,000 544.9% 0.3%
    Bethpage Federal Credit Union $435,000 $1,455,000 234.5% 0.3%
    NATIONWIDE EQUITIES CORPORATION $1,365,000 n/a 0.3%
    U.S. Bank $3,830,000 $1,365,000 -64.4% 0.3%
    Pioneer Bank $26,380,000 $1,275,000 -95.2% 0.3%
    1ST PRIORITY MORTGAGE, INC. $1,035,000 $1,255,000 21.3% 0.3%
    ABSOLUTE HOME MORTGAGE CORPORATION $1,095,000 $1,240,000 13.2% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $3,300,000 $1,145,000 -65.3% 0.2%
    Chemung Canal Trust Company $25,605,000 $1,085,000 -95.8% 0.2%
    21ST MORTGAGE CORPORATION $790,000 $1,075,000 36.1% 0.2%
    The National Bank of Coxsackie $2,225,000 $1,020,000 -54.2% 0.2%
    PENNYMAC LOAN SERVICES, LLC $1,000,000 n/a 0.2%
    Discover Bank $550,000 $980,000 78.2% 0.2%
    Wells Fargo Bank $6,590,000 $980,000 -85.1% 0.2%
    ROYAL UNITED MORTGAGE LLC $1,060,000 $970,000 -8.5% 0.2%
    Carrington Mortgage Services, LLC $1,235,000 $965,000 -21.9% 0.2%
    AMERICAN FINANCIAL RESOURCES, INC. $680,000 $960,000 41.2% 0.2%
    North American Savings Bank, F.S.B. $765,000 $955,000 24.8% 0.2%
    Univest Bank and Trust Co. $915,000 n/a 0.2%
    RELIANCE FIRST CAPITAL, LLC $500,000 $910,000 82.0% 0.2%
    BETTER MORTGAGE CORPORATION $585,000 $830,000 41.9% 0.2%
    Adirondack Bank $770,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $2,210,000 $745,000 -66.3% 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,055,000 $725,000 -31.3% 0.2%
    Plains Commerce Bank $690,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $620,000 $660,000 6.5% 0.1%
    First National Bank of Scotia $645,000 n/a 0.1%
    Flagstar Bank, FSB $3,980,000 $600,000 -84.9% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $510,000 $595,000 16.7% 0.1%
    CLIFFCO, INC. $645,000 $540,000 -16.3% 0.1%
    LIMA ONE CAPITAL, LLC $515,000 n/a 0.1%
    US MORTGAGE CORPORATION $725,000 $485,000 -33.1% 0.1%
    NJ LENDERS CORP. $445,000 n/a 0.1%
    FM Home Loans, LLC $415,000 $435,000 4.8% 0.1%
    Shamrock Home Loans, Inc. $425,000 n/a 0.1%
    NATIONWIDE MORTGAGE BANKERS, INC. $895,000 $420,000 -53.1% 0.1%
    RESIDENTIAL HOME FUNDING CORP. $420,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $410,000 n/a 0.1%
    CONTOUR MORTGAGE CORPORATION $835,000 $410,000 -50.9% 0.1%
    The Federal Savings Bank $1,130,000 $410,000 -63.7% 0.1%
    EMM LOANS LLC $255,000 $400,000 56.9% 0.1%
    BOND STREET MORTGAGE, LLC $375,000 n/a 0.1%
    PLANET HOME LENDING, LLC $105,000 $375,000 257.1% 0.1%
    School Systems FCU $375,000 n/a 0.1%
    Empower Federal Credit Union $360,000 $370,000 2.8% 0.1%
    COMMUNITY RESOURCE FEDERAL CREDIT UNION $340,000 n/a 0.1%
    Baxter Credit Union $145,000 $335,000 131.0% 0.1%
    HSBC BANK USA, NATIONAL ASSOCIATION $335,000 n/a 0.1%
    Bank of England $45,000 $330,000 633.3% 0.1%
    AMERICU Credit Union $350,000 $305,000 -12.9% 0.1%
    DIGITAL Federal Credit Union $305,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $2,675,000 $295,000 -89.0% 0.1%
    LENDINGHOME FUNDING CORPORATION $285,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $430,000 $280,000 -34.9% 0.1%
    AMERICAN HERITAGE LENDING, INC. $115,000 $275,000 139.1% 0.1%
    OWNERSCHOICE FUNDING, INCORPORATED $275,000 n/a 0.1%
    Third Federal Savings and Loan Association of Cleveland $265,000 n/a 0.1%
    ALLIED MORTGAGE GROUP, INC. $245,000 n/a 0.1%
    HUDSON VALLEY CREDIT UNION $65,000 $245,000 276.9% 0.1%
    The Upstate National Bank $255,000 $245,000 -3.9% 0.1%
    AMWEST FUNDING CORP. $235,000 n/a 0.1%
    OceanFirst Bank $265,000 $235,000 -11.3% 0.1%
    THE MONEY SOURCE INC. $235,000 n/a 0.1%
    Raymond James Bank $225,000 n/a 0.0%
    CARDINAL FINANCIAL $395,000 $215,000 -45.6% 0.0%
    First Citizens Community Bank $215,000 n/a 0.0%
    Ally Bank $530,000 $205,000 -61.3% 0.0%
    NBKC BANK $2,135,000 $195,000 -90.9% 0.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $225,000 $195,000 -13.3% 0.0%
    DEEPHAVEN MORTGAGE LLC $185,000 n/a 0.0%
    First Savings Bank $480,000 $175,000 -63.5% 0.0%
    Rondout Savings Bank $225,000 $165,000 -26.7% 0.0%
    AFFINITY $105,000 $155,000 47.6% 0.0%
    NORTHERN CREDIT UNION $155,000 n/a 0.0%
    SUN WEST MORTGAGE COMPANY, INC. $155,000 n/a 0.0%
    TOTAL MORTGAGE SERVICES, LLC $255,000 $155,000 -39.2% 0.0%
    UTILITIES EMPLOYEES CREDIT UNION $155,000 n/a 0.0%
    Fifth Third Bank $145,000 n/a 0.0%
    HOME TOWN FUNDING, INC. $145,000 n/a 0.0%
    Salisbury Bank and Trust Company $145,000 n/a 0.0%
    PNC Bank $485,000 $140,000 -71.1% 0.0%
    Hometown Equity Mortgage, LLC $135,000 n/a 0.0%
    DOMINION FINANCIAL SERVICES, LLC $145,000 $125,000 -13.8% 0.0%
    Truist $115,000 n/a 0.0%
    Centier Bank $95,000 n/a 0.0%
    First-Citizens Bank & Trust Company $85,000 n/a 0.0%
    Connexus Credit Union $65,000 n/a 0.0%
    TEACHERS $610,000 $65,000 -89.3% 0.0%
    Signature Federal Credit Union $45,000 n/a 0.0%
    TRADEMARK $45,000 n/a 0.0%
    Home Loan Investment Bank, F.S.B. $40,000 n/a 0.0%

    GLENS FALLS's top lender by overall market share is Glens Falls National Bank and Trust Company, with 26.9% market share. In second place, with 11.6%, is HOMESTEAD FUNDING CORP., having originated $53,455,000 in loans. In third place, with 4.7%, is SEFCU SERVICES, LLC, having originated $21,820,000 in loans. In fourth place, with 4.3%, is Berkshire Bank, having originated $19,760,000 in loans. In fifth place, with 4.1%, is QUICKEN LOANS, LLC, having originated $18,770,000 in loans.

    GLENS FALLS, NY Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    12028 Glens Falls, NY MSA $920 $1,040 $1,280 $1,600 $1,710
    12057 Glens Falls, NY MSA $810 $900 $1,090 $1,350 $1,480
    12090 Glens Falls, NY MSA $870 $970 $1,180 $1,440 $1,590
    12094 Glens Falls, NY MSA $870 $980 $1,200 $1,480 $1,610
    12154 Glens Falls, NY MSA $870 $970 $1,190 $1,460 $1,590
    12185 Glens Falls, NY MSA $860 $960 $1,180 $1,440 $1,580
    12801 Glens Falls, NY MSA $810 $910 $1,140 $1,480 $1,530
    12803 Glens Falls, NY MSA $880 $990 $1,200 $1,460 $1,610
    12804 Glens Falls, NY MSA $940 $1,070 $1,330 $1,730 $1,790
    12808 Glens Falls, NY MSA $750 $860 $1,070 $1,380 $1,430
    12809 Glens Falls, NY MSA $710 $810 $1,010 $1,310 $1,360
    12810 Glens Falls, NY MSA $790 $900 $1,120 $1,450 $1,500
    12811 Glens Falls, NY MSA $780 $890 $1,110 $1,440 $1,490
    12814 Glens Falls, NY MSA $760 $860 $1,080 $1,400 $1,450
    12815 Glens Falls, NY MSA $720 $820 $1,020 $1,320 $1,370
    12816 Glens Falls, NY MSA $720 $820 $1,020 $1,320 $1,370
    12817 Glens Falls, NY MSA $650 $770 $960 $1,250 $1,300
    12819 Glens Falls, NY MSA $930 $1,050 $1,310 $1,700 $1,760
    12820 Glens Falls, NY MSA $820 $930 $1,160 $1,500 $1,560
    12821 Glens Falls, NY MSA $740 $840 $1,050 $1,350 $1,400
    12823 Glens Falls, NY MSA $770 $870 $1,090 $1,410 $1,460
    12824 Glens Falls, NY MSA $780 $880 $1,100 $1,430 $1,480
    12827 Glens Falls, NY MSA $740 $840 $1,050 $1,360 $1,410
    12828 Glens Falls, NY MSA $810 $910 $1,130 $1,420 $1,520
    12832 Glens Falls, NY MSA $650 $770 $960 $1,250 $1,300
    12834 Glens Falls, NY MSA $810 $910 $1,140 $1,480 $1,530
    12835 Glens Falls, NY MSA $810 $900 $1,090 $1,350 $1,480
    12836 Glens Falls, NY MSA $770 $870 $1,090 $1,410 $1,460
    12837 Glens Falls, NY MSA $790 $900 $1,120 $1,450 $1,500
    12838 Glens Falls, NY MSA $810 $920 $1,150 $1,490 $1,540
    12839 Glens Falls, NY MSA $790 $900 $1,120 $1,450 $1,500
    12841 Glens Falls, NY MSA $860 $970 $1,210 $1,570 $1,620
    12843 Glens Falls, NY MSA $770 $880 $1,100 $1,420 $1,470
    12844 Glens Falls, NY MSA $770 $880 $1,090 $1,420 $1,470
    12845 Glens Falls, NY MSA $860 $980 $1,220 $1,580 $1,640
    12846 Glens Falls, NY MSA $910 $1,030 $1,290 $1,670 $1,730
    12848 Glens Falls, NY MSA $760 $860 $1,070 $1,390 $1,440
    12849 Glens Falls, NY MSA $650 $770 $960 $1,250 $1,300
    12853 Glens Falls, NY MSA $780 $890 $1,110 $1,440 $1,490
    12854 Glens Falls, NY MSA $760 $860 $1,070 $1,390 $1,440
    12856 Glens Falls, NY MSA $820 $930 $1,160 $1,500 $1,560
    12857 Glens Falls, NY MSA $800 $900 $1,130 $1,470 $1,520
    12860 Glens Falls, NY MSA $740 $840 $1,050 $1,360 $1,410
    12861 Glens Falls, NY MSA $750 $850 $1,060 $1,370 $1,420
    12862 Glens Falls, NY MSA $820 $930 $1,160 $1,500 $1,560
    12865 Glens Falls, NY MSA $780 $880 $1,100 $1,430 $1,480
    12870 Glens Falls, NY MSA $780 $890 $1,110 $1,440 $1,490
    12873 Glens Falls, NY MSA $750 $850 $1,060 $1,370 $1,420
    12874 Glens Falls, NY MSA $770 $870 $1,090 $1,410 $1,460
    12878 Glens Falls, NY MSA $650 $770 $960 $1,250 $1,300
    12883 Glens Falls, NY MSA $760 $860 $1,070 $1,390 $1,440
    12885 Glens Falls, NY MSA $760 $860 $1,070 $1,390 $1,440
    12886 Glens Falls, NY MSA $780 $880 $1,100 $1,430 $1,480
    12887 Glens Falls, NY MSA $750 $850 $1,060 $1,370 $1,420

    2022 Average & Median Rent Data Statistics
    GLENS FALLS, NY average 1BR rent: $894, median: $885
    GLENS FALLS, NY average 2BR rent: $1,112, median: $1,100
    GLENS FALLS, NY average 3BR rent: $1,429, median: $1,425

    GLENS FALLS, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,062 $337,310,000 $317,618
    Home Improvement 301 $27,195,000 $90,349
    Cash Out Refi 244 $41,600,000 $170,492
    Other 219 $24,955,000 $113,950
    Refi 167 $30,865,000 $184,820
    NA 1 $305,000 $305,000

    Glens Falls's most frequently cited loan purpose was Home Purchase, with 1,062 originations. The 2nd most popular reason was Home Improvement, with 301 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 642 $130,500,000 $203,271
    7-8% 379 $121,485,000 $320,541
    5-6% 336 $91,600,000 $272,619
    Over 8% 229 $43,325,000 $189,192
    3-4% 147 $18,085,000 $123,027
    4-5% 116 $32,290,000 $278,362
    <2.5% 20 $3,500,000 $175,000
    2.5-3% 10 $1,010,000 $101,000

    During 2023, Glens Falls's most frequently originated rate bucket was 6-7%, with 642 originations.

    Loan Sizing (GLENS FALLS, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 665 $99,765,000 $150,023
    $200k-400k 600 $159,910,000 $266,517
    $100,000 or less 568 $31,070,000 $54,701
    $400k-600k 102 $48,430,000 $474,804
    $600k-1000k 40 $29,440,000 $736,000
    $Over $1MM 19 $93,615,000 $4,927,105

    GLENS FALLS's loan sizing saw the bucket of loans from $100k-200k with 665 originations, totaling $99,765,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 717 $176,225,000 $245,781
    60-80% 355 $163,715,000 $461,169
    20-40% 293 $35,565,000 $121,382
    Under 20% 273 $14,435,000 $52,875
    40-60% 212 $44,740,000 $211,038
    Over 100% 23 $6,585,000 $286,304

    GLENS FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 717 originations, totaling $176,225,000 in origination value.