GLENS FALLS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Glens Falls averaged
6.94%
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
6.67% and
one month ago for the week of 2025-05-15, the
average rate was 6.74%.
Glens Falls's average rate one year ago was 6.88%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Glens Falls 30 Year Fixed Rate | 2025-06-18 | 6.94% |
| Glens Falls 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Glens Falls 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Glens Falls 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Glens Falls 30 Year FHA | 2025-06-18 | 0.15% |
| Glens Falls 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Glens Falls 30 Year USDA | 2025-06-18 | -0.1% |
| Glens Falls 30 Year USDA Refi | 2025-06-18 | -0.1% |
| Glens Falls 30 Year VA | 2025-06-18 | 0.1% |
| Glens Falls 30 Year VA Refi | 2025-06-18 | 0.1% |
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.).
GLENS FALLS Average Closing Costs & Other Stats
GLENS FALLS, NY's 73 lenders originated 2,011
loans during 2024. The total origination value was $444,965,000, with an average loan value of
$221,266.
GLENS FALLS's average closing costs are $4,907.
The top GLENS FALLS lender as defined by loan originations is Glens Falls National Bank and Trust Company, with
141 loans originated. Their average total fees are
$4,128, which is $295
higher than the next largest lender,
HOMESTEAD FUNDING CORP..
The lowest fee GLENS FALLS lenders (with over 10 loans originated) are
Community Bank ($2,023), HUDSON RIVER COMMUNITY ($2,655), TrustCo Bank ($3,233), TD Bank ($3,295) and Saratoga National Bank and Trust Company ($3,451).
The lowest rate GLENS FALLS lenders (with over 10 loans originated) are
SEFCU SERVICES, LLC (6.14%), Saratoga National Bank and Trust Company (6.20%), KeyBank (6.38%), SUNMARK FEDERAL CREDIT UNION (6.39%) and Glens Falls National Bank and Trust Company (6.39%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Glens Falls National Bank and Trust Company | $124,345,000 | $79,540,000 | -36.0% | 17.9% |
| HOMESTEAD FUNDING CORP. | $53,455,000 | $41,720,000 | -22.0% | 9.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $15,140,000 | $30,920,000 | 104.2% | 6.9% |
| NBT Bank | $11,070,000 | $20,915,000 | 88.9% | 4.7% |
| QUICKEN LOANS, LLC | $18,770,000 | $20,875,000 | 11.2% | 4.7% |
| SEFCU SERVICES, LLC | $21,820,000 | $19,895,000 | -8.8% | 4.5% |
| TrustCo Bank | $15,680,000 | $14,860,000 | -5.2% | 3.3% |
| The Adirondack Trust Company | $10,760,000 | $13,660,000 | 27.0% | 3.1% |
| TD Bank | $9,935,000 | $10,130,000 | 2.0% | 2.3% |
| NEWREZ LLC | $3,900,000 | $9,105,000 | 133.5% | 2.0% |
| Citizens Bank | $9,565,000 | $8,955,000 | -6.4% | 2.0% |
| JPMorgan Chase Bank | $4,305,000 | $8,510,000 | 97.7% | 1.9% |
| HUDSON RIVER COMMUNITY | $6,675,000 | $8,410,000 | 26.0% | 1.9% |
| M&T Bank | $4,365,000 | $7,785,000 | 78.4% | 1.7% |
| SUNMARK FEDERAL CREDIT UNION | $5,335,000 | $6,460,000 | 21.1% | 1.5% |
| Evolve Bank & Trust | $4,185,000 | $5,915,000 | 41.3% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $2,345,000 | $5,710,000 | 143.5% | 1.3% |
| Community Bank | $5,815,000 | $5,590,000 | -3.9% | 1.3% |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $8,690,000 | $5,430,000 | -37.5% | 1.2% |
| HUNT MORTGAGE CORPORATION | $2,675,000 | $5,195,000 | 94.2% | 1.2% |
| Bank of America | $2,355,000 | $4,830,000 | 105.1% | 1.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,145,000 | $4,585,000 | 300.4% | 1.0% |
| Saratoga National Bank and Trust Company | $5,975,000 | $4,360,000 | -27.0% | 1.0% |
| MOVEMENT MORTGAGE, LLC | $1,790,000 | $4,215,000 | 135.5% | 0.9% |
| KeyBank | $2,655,000 | $3,890,000 | 46.5% | 0.9% |
| Premium Mortgage Corporation | $1,930,000 | $3,720,000 | 92.7% | 0.8% |
| Farm Credit East, ACA | $3,300,000 | $3,680,000 | 11.5% | 0.8% |
| GUARANTEED RATE, INC. | $6,180,000 | $3,645,000 | -41.0% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $1,000,000 | $3,280,000 | 228.0% | 0.7% |
| Mortgage Research Center, LLC | $4,035,000 | $3,230,000 | -20.0% | 0.7% |
| LOANDEPOT.COM, LLC | $2,500,000 | $2,945,000 | 17.8% | 0.7% |
| Berkshire Bank | $19,760,000 | $2,745,000 | -86.1% | 0.6% |
| FIRST NEW YORK | $2,005,000 | $2,675,000 | 33.4% | 0.6% |
| Morgan Stanley Private Bank | $1,830,000 | $2,675,000 | 46.2% | 0.6% |
| PLAZA HOME MORTGAGE, INC. | $1,720,000 | $2,495,000 | 45.1% | 0.6% |
| TCT | $3,250,000 | $2,445,000 | -24.8% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,070,000 | $2,275,000 | 9.9% | 0.5% |
| Ballston Spa National Bank | $2,675,000 | $2,085,000 | -22.1% | 0.5% |
| US MORTGAGE CORPORATION | $485,000 | $1,965,000 | 305.2% | 0.4% |
| Chemung Canal Trust Company | $1,085,000 | $1,915,000 | 76.5% | 0.4% |
| Raymond James Bank | $225,000 | $1,805,000 | 702.2% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $745,000 | $1,705,000 | 128.9% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,670,000 | $1,660,000 | -37.8% | 0.4% |
| BNY Mellon | $1,605,000 | n/a | 0.4% | |
| Citibank | $2,895,000 | $1,520,000 | -47.5% | 0.3% |
| Wells Fargo Bank | $980,000 | $1,370,000 | 39.8% | 0.3% |
| NBKC BANK | $195,000 | $1,335,000 | 584.6% | 0.3% |
| 1ST PRIORITY MORTGAGE, INC. | $1,255,000 | $1,145,000 | -8.8% | 0.3% |
| RELIANCE FIRST CAPITAL, LLC | $910,000 | $1,105,000 | 21.4% | 0.2% |
| PLANET HOME LENDING, LLC | $375,000 | $1,070,000 | 185.3% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $595,000 | $1,065,000 | 79.0% | 0.2% |
| Goldman Sachs Bank USA | $1,005,000 | n/a | 0.2% | |
| HUDSON VALLEY CREDIT UNION | $245,000 | $990,000 | 304.1% | 0.2% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $1,240,000 | $945,000 | -23.8% | 0.2% |
| UNITED MORTGAGE CORP | $920,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $1,815,000 | $905,000 | -50.1% | 0.2% |
| BOND STREET MORTGAGE, LLC | $375,000 | $880,000 | 134.7% | 0.2% |
| The National Bank of Coxsackie | $1,020,000 | $835,000 | -18.1% | 0.2% |
| Pioneer Bank | $1,275,000 | $815,000 | -36.1% | 0.2% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $420,000 | $805,000 | 91.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $195,000 | $785,000 | 302.6% | 0.2% |
| The Bank of Greene County | $735,000 | n/a | 0.2% | |
| Bethpage Federal Credit Union | $1,455,000 | $720,000 | -50.5% | 0.2% |
| U.S. Bank | $1,365,000 | $690,000 | -49.5% | 0.2% |
| MID-HUDSON VALLEY | $640,000 | n/a | 0.1% | |
| First National Bank of Scotia | $645,000 | $635,000 | -1.6% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $410,000 | $615,000 | 50.0% | 0.1% |
| City National Bank | $615,000 | n/a | 0.1% | |
| AMERICU Credit Union | $305,000 | $600,000 | 96.7% | 0.1% |
| Hometown Equity Mortgage, LLC | $135,000 | $565,000 | 318.5% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $970,000 | $550,000 | -43.3% | 0.1% |
| CMG MORTGAGE, INC. | $540,000 | n/a | 0.1% | |
| Discover Bank | $980,000 | $530,000 | -45.9% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $515,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $515,000 | $500,000 | -2.9% | 0.1% |
| First Savings Bank | $175,000 | $495,000 | 182.9% | 0.1% |
| NP, Inc. | $475,000 | n/a | 0.1% | |
| Capital Bank | $465,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $185,000 | $445,000 | 140.5% | 0.1% |
| USAA Federal Savings Bank | $2,515,000 | $430,000 | -82.9% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $725,000 | $425,000 | -41.4% | 0.1% |
| CLIFFCO, INC. | $540,000 | $405,000 | -25.0% | 0.1% |
| Citadel Servicing Corporation | $400,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $600,000 | $360,000 | -40.0% | 0.1% |
| AMERITRUST MORTGAGE CORPORATION | $355,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $355,000 | n/a | 0.1% | |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $350,000 | n/a | 0.1% | |
| Empower Federal Credit Union | $370,000 | $340,000 | -8.1% | 0.1% |
| Bank of Millbrook | $325,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $285,000 | $320,000 | 12.3% | 0.1% |
| AMERICAN FINANCING CORPORATION | $280,000 | $315,000 | 12.5% | 0.1% |
| Axos Bank | $285,000 | n/a | 0.1% | |
| General Mortgage Capital Corporation | $285,000 | n/a | 0.1% | |
| HARTFORD FUNDING, LTD. | $275,000 | n/a | 0.1% | |
| The Federal Savings Bank | $410,000 | $275,000 | -32.9% | 0.1% |
| AMWEST FUNDING CORP. | $235,000 | $255,000 | 8.5% | 0.1% |
| CNB Bank | $255,000 | n/a | 0.1% | |
| TEACHERS | $65,000 | $245,000 | 276.9% | 0.1% |
| Allied First Bank,sb | $235,000 | n/a | 0.1% | |
| GUIDANCE RESIDENTIAL, LLC | $235,000 | n/a | 0.1% | |
| Royal Business Bank | $225,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $830,000 | $215,000 | -74.1% | 0.0% |
| Citizens & Northern Bank | $215,000 | n/a | 0.0% | |
| East Coast Capital Corp. | $215,000 | n/a | 0.0% | |
| INTERSTATE HOME LOAN CENTER, INC. | $205,000 | n/a | 0.0% | |
| BROKER SOLUTIONS, INC. | $195,000 | n/a | 0.0% | |
| Fifth Third Bank | $145,000 | $195,000 | 34.5% | 0.0% |
| Magnolia Bank | $195,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $1,075,000 | $190,000 | -82.3% | 0.0% |
| AgFirst Farm Credit Bank | $185,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $160,000 | n/a | 0.0% | |
| COMMUNITY RESOURCE FEDERAL CREDIT UNION | $340,000 | $145,000 | -57.4% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $145,000 | n/a | 0.0% | |
| OWNERSCHOICE FUNDING, INCORPORATED | $275,000 | $145,000 | -47.3% | 0.0% |
| Carrington Mortgage Services, LLC | $965,000 | $135,000 | -86.0% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $1,580,000 | $135,000 | -91.5% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $155,000 | $135,000 | -12.9% | 0.0% |
| Figure Lending LLC | $120,000 | n/a | 0.0% | |
| PNC Bank | $140,000 | $115,000 | -17.9% | 0.0% |
| DELTA COMMUNITY CREDIT UNION | $105,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $155,000 | $95,000 | -38.7% | 0.0% |
| First National Bank of America | $85,000 | n/a | 0.0% | |
| Advantage Federal Credit Union | $75,000 | n/a | 0.0% | |
| NORTH COUNTRY | $75,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $265,000 | $45,000 | -83.0% | 0.0% |
GLENS FALLS's top lender by overall market share is Glens Falls National Bank and Trust Company, with 17.9% market share. In second place, with 9.4%, is HOMESTEAD FUNDING CORP., having originated $41,720,000 in loans. In third place, with 6.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $30,920,000 in loans. In fourth place, with 4.7%, is NBT Bank, having originated $20,915,000 in loans. In fifth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $20,875,000 in loans.
GLENS FALLS, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,133 | $312,475,000 | $275,794 |
| Home Improvement | 281 | $30,375,000 | $108,096 |
| Cash Out Refi | 234 | $49,990,000 | $213,632 |
| Other | 189 | $19,995,000 | $105,794 |
| Refi | 174 | $32,130,000 | $184,655 |
Glens Falls's most frequently cited loan purpose was Home Purchase, with 1,133 originations. The 2nd most popular reason was Home Improvement, with 281 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 827 | $222,955,000 | $269,595 |
| 7-8% | 347 | $76,905,000 | $221,628 |
| 5-6% | 315 | $75,335,000 | $239,159 |
| Over 8% | 285 | $31,925,000 | $112,018 |
| 3-4% | 82 | $7,770,000 | $94,756 |
| <2.5% | 20 | $950,000 | $47,500 |
| 4-5% | 19 | $2,925,000 | $153,947 |
| 2.5-3% | 3 | $305,000 | $101,667 |
During 2024, Glens Falls's most frequently originated rate bucket was 6-7%, with 827 originations.
Loan Sizing (GLENS FALLS, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 650 | $175,350,000 | $269,769 |
| $100k-200k | 644 | $96,030,000 | $149,115 |
| $100,000 or less | 533 | $29,225,000 | $54,831 |
| $400k-600k | 107 | $50,325,000 | $470,327 |
| $600k-1000k | 44 | $31,940,000 | $725,909 |
| $Over $1MM | 33 | $62,095,000 | $1,881,667 |
GLENS FALLS's loan sizing saw the bucket of loans from $200k-400k with 650 originations, totaling $175,350,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 700 | $186,140,000 | $265,914 |
| 60-80% | 423 | $135,315,000 | $319,894 |
| Under 20% | 289 | $17,805,000 | $61,609 |
| 20-40% | 266 | $31,880,000 | $119,850 |
| 40-60% | 172 | $39,220,000 | $228,023 |
| Over 100% | 16 | $3,700,000 | $231,250 |
GLENS FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 700 originations, totaling $186,140,000 in origination value.