Gloversville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Gloversville averaged
6.79%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.99% and
one month ago for the week of 2025-05-29, the
average rate was 7.21%.
Gloversville's average rate one year ago was 6.88%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.27%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Gloversville 30 Year Fixed Rate | 2025-07-03 | 6.79% |
| Gloversville 30 Year Fixed Rate Refi | 2025-07-03 | 7.27% |
| Gloversville 15 Year Fixed Rate | 2025-07-03 | 5.6% |
| Gloversville 15 Year Fixed Rate Refi | 2025-07-03 | 5.8% |
| Gloversville 30 Year FHA | 2025-07-03 | 0.11% |
| Gloversville 30 Year FHA Refi | 2025-07-03 | 0% |
| Gloversville 30 Year USDA | 2025-07-03 | 0.1% |
| Gloversville 30 Year USDA Refi | 2025-07-03 | 0.1% |
| Gloversville 30 Year VA | 2025-07-03 | -0.2% |
| Gloversville 30 Year VA Refi | 2025-07-03 | 0.2% |
Gloversville 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 Gloversville, 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.).
Gloversville Average Closing Costs & Other Stats
Gloversville, NY's 49 lenders originated 799
loans during 2024. The total origination value was $131,665,000, with an average loan value of
$164,787.
Gloversville's average closing costs are $4,746.
The top Gloversville lender as defined by loan originations is Community Bank, with
49 loans originated. Their average total fees are
$630, which is $3,144
lower than the next largest lender,
HOMESTEAD FUNDING CORP..
The lowest fee Gloversville lenders (with over 10 loans originated) are
Community Bank ($630), SEFCU SERVICES, LLC ($3,713), HOMESTEAD FUNDING CORP. ($3,774), NBT Bank ($3,804) and KeyBank ($4,574).
The lowest rate Gloversville lenders (with over 10 loans originated) are
SEFCU SERVICES, LLC (6.24%), HOMESTEAD FUNDING CORP. (6.56%), KeyBank (6.60%), UNITED WHOLESALE MORTGAGE, LLC (6.74%) and NBT Bank (6.75%).
Gloversville, 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 |
|---|---|---|---|---|
| HOMESTEAD FUNDING CORP. | $14,415,000 | $16,745,000 | 16.2% | 12.7% |
| Community Bank | $11,040,000 | $13,850,000 | 25.5% | 10.5% |
| QUICKEN LOANS, LLC | $9,185,000 | $10,655,000 | 16.0% | 8.1% |
| NBT Bank | $6,605,000 | $9,185,000 | 39.1% | 7.0% |
| NEWREZ LLC | $2,830,000 | $6,900,000 | 143.8% | 5.2% |
| SEFCU SERVICES, LLC | $9,500,000 | $6,180,000 | -34.9% | 4.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $6,575,000 | $4,340,000 | -34.0% | 3.3% |
| KeyBank | $2,675,000 | $4,290,000 | 60.4% | 3.3% |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $4,535,000 | $4,245,000 | -6.4% | 3.2% |
| SUNMARK FEDERAL CREDIT UNION | $4,090,000 | $3,295,000 | -19.4% | 2.5% |
| Premium Mortgage Corporation | $3,330,000 | $3,275,000 | -1.7% | 2.5% |
| Citizens Bank | $2,130,000 | $2,395,000 | 12.4% | 1.8% |
| Mortgage Research Center, LLC | $2,110,000 | $2,170,000 | 2.8% | 1.6% |
| 1ST PRIORITY MORTGAGE, INC. | $1,240,000 | $2,115,000 | 70.6% | 1.6% |
| PLAZA HOME MORTGAGE, INC. | $1,300,000 | $1,660,000 | 27.7% | 1.3% |
| Glens Falls National Bank and Trust Company | $330,000 | $1,500,000 | 354.5% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $1,895,000 | $1,495,000 | -21.1% | 1.1% |
| TrustCo Bank | $2,565,000 | $1,360,000 | -47.0% | 1.0% |
| Wells Fargo Bank | $190,000 | $1,250,000 | 557.9% | 0.9% |
| US MORTGAGE CORPORATION | $725,000 | $1,105,000 | 52.4% | 0.8% |
| Pioneer Bank | $120,000 | $1,090,000 | 808.3% | 0.8% |
| JPMorgan Chase Bank | $1,140,000 | $1,080,000 | -5.3% | 0.8% |
| Ballston Spa National Bank | $2,480,000 | $1,060,000 | -57.3% | 0.8% |
| M&T Bank | $1,355,000 | $940,000 | -30.6% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $400,000 | $930,000 | 132.5% | 0.7% |
| LENDINGONE, LLC | $815,000 | n/a | 0.6% | |
| The National Bank of Coxsackie | $2,845,000 | $815,000 | -71.4% | 0.6% |
| Saratoga National Bank and Trust Company | $630,000 | $795,000 | 26.2% | 0.6% |
| Chemung Canal Trust Company | $390,000 | $765,000 | 96.2% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $645,000 | $730,000 | 13.2% | 0.6% |
| MOVEMENT MORTGAGE, LLC | $1,125,000 | $705,000 | -37.3% | 0.5% |
| Empower Federal Credit Union | $120,000 | $655,000 | 445.8% | 0.5% |
| 21ST MORTGAGE CORPORATION | $680,000 | $635,000 | -6.6% | 0.5% |
| MLB RESIDENTIAL LENDING, LLC | $630,000 | n/a | 0.5% | |
| Farm Credit East, ACA | $425,000 | $610,000 | 43.5% | 0.5% |
| GPO Federal Credit Union | $475,000 | $605,000 | 27.4% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $795,000 | $580,000 | -27.0% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $245,000 | $560,000 | 128.6% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $540,000 | n/a | 0.4% | |
| A&D Mortgage LLC | $65,000 | $520,000 | 700.0% | 0.4% |
| The Adirondack Trust Company | $545,000 | $505,000 | -7.3% | 0.4% |
| HUDSON VALLEY CREDIT UNION | $85,000 | $500,000 | 488.2% | 0.4% |
| CARDINAL FINANCIAL | $85,000 | $495,000 | 482.4% | 0.4% |
| Equity Prime Mortgage LLC | $450,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $450,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $265,000 | $440,000 | 66.0% | 0.3% |
| Allied First Bank,sb | $435,000 | n/a | 0.3% | |
| PLANET HOME LENDING, LLC | $435,000 | n/a | 0.3% | |
| U.S. Bank | $430,000 | n/a | 0.3% | |
| CROSSCOUNTRY MORTGAGE, LLC | $745,000 | $425,000 | -43.0% | 0.3% |
| Evolve Bank & Trust | $425,000 | n/a | 0.3% | |
| FREEDOM MORTGAGE CORPORATION | $420,000 | n/a | 0.3% | |
| Discover Bank | $755,000 | $375,000 | -50.3% | 0.3% |
| AMWEST FUNDING CORP. | $370,000 | n/a | 0.3% | |
| First National Bank of Scotia | $1,260,000 | $365,000 | -71.0% | 0.3% |
| FIRST SOURCE | $125,000 | $340,000 | 172.0% | 0.3% |
| COMMUNITY RESOURCE FEDERAL CREDIT UNION | $55,000 | $335,000 | 509.1% | 0.3% |
| Berkshire Bank | $250,000 | $300,000 | 20.0% | 0.2% |
| Carrington Mortgage Services, LLC | $290,000 | $290,000 | 0.0% | 0.2% |
| Charles Schwab Bank, SSB | $285,000 | n/a | 0.2% | |
| LIMA ONE CAPITAL, LLC | $270,000 | n/a | 0.2% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $265,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $265,000 | n/a | 0.2% | |
| South State Bank | $265,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $795,000 | $250,000 | -68.6% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $335,000 | $245,000 | -26.9% | 0.2% |
| ARC HOME LLC | $240,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $235,000 | n/a | 0.2% | |
| Adirondack Bank | $85,000 | $230,000 | 170.6% | 0.2% |
| LOANDEPOT.COM, LLC | $230,000 | n/a | 0.2% | |
| MID-ISLAND MORTGAGE CORP. | $205,000 | n/a | 0.2% | |
| Ulster Savings Bank | $205,000 | n/a | 0.2% | |
| TOTAL MORTGAGE SERVICES, LLC | $195,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $275,000 | $185,000 | -32.7% | 0.1% |
| MID-HUDSON VALLEY | $185,000 | n/a | 0.1% | |
| NP, Inc. | $185,000 | n/a | 0.1% | |
| HUNT MORTGAGE CORPORATION | $125,000 | $175,000 | 40.0% | 0.1% |
| AMERICU Credit Union | $225,000 | $160,000 | -28.9% | 0.1% |
| AMERICAN FINANCING CORPORATION | $155,000 | n/a | 0.1% | |
| Tompkins Trust Company | $155,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $95,000 | $150,000 | 57.9% | 0.1% |
| QUORUM FEDERAL CREDIT UNION | $145,000 | n/a | 0.1% | |
| TEACHERS | $145,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $135,000 | n/a | 0.1% | |
| FIRST NEW YORK | $685,000 | $135,000 | -80.3% | 0.1% |
| TD Bank | $1,005,000 | $125,000 | -87.6% | 0.1% |
| Bank of Richmondville | $115,000 | n/a | 0.1% | |
| CONSTRUCTIVE LOANS, LLC | $115,000 | n/a | 0.1% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $115,000 | n/a | 0.1% | |
| Centier Bank | $115,000 | $95,000 | -17.4% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $380,000 | $85,000 | -77.6% | 0.1% |
| HUDSON RIVER COMMUNITY | $75,000 | n/a | 0.1% | |
| OWNERSCHOICE FUNDING, INCORPORATED | $75,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $265,000 | $65,000 | -75.5% | 0.0% |
| GREENWOOD | $80,000 | $55,000 | -31.3% | 0.0% |
Gloversville's top lender by overall market share is HOMESTEAD FUNDING CORP., with 12.7% market share. In second place, with 10.5%, is Community Bank, having originated $13,850,000 in loans. In third place, with 8.1%, is QUICKEN LOANS, LLC, having originated $10,655,000 in loans. In fourth place, with 7.0%, is NBT Bank, having originated $9,185,000 in loans. In fifth place, with 5.2%, is NEWREZ LLC, having originated $6,900,000 in loans.
Gloversville, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 486 | $92,600,000 | $190,535 |
| Home Improvement | 117 | $9,695,000 | $82,863 |
| Cash Out Refi | 85 | $15,255,000 | $179,471 |
| Other | 56 | $5,510,000 | $98,393 |
| Refi | 55 | $8,605,000 | $156,455 |
Gloversville's most frequently cited loan purpose was Home Purchase, with 486 originations. The 2nd most popular reason was Home Improvement, with 117 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 341 | $65,975,000 | $193,475 |
| 7-8% | 187 | $27,765,000 | $148,476 |
| Over 8% | 121 | $12,155,000 | $100,455 |
| 5-6% | 73 | $14,905,000 | $204,178 |
| 3-4% | 27 | $2,335,000 | $86,481 |
| <2.5% | 7 | $215,000 | $30,714 |
| 4-5% | 7 | $685,000 | $97,857 |
| 2.5-3% | 1 | $435,000 | $435,000 |
During 2024, Gloversville's most frequently originated rate bucket was 6-7%, with 341 originations.
Loan Sizing (Gloversville, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 336 | $48,040,000 | $142,976 |
| $100,000 or less | 229 | $14,185,000 | $61,943 |
| $200k-400k | 210 | $55,920,000 | $266,286 |
| $400k-600k | 17 | $8,075,000 | $475,000 |
| $600k-1000k | 6 | $4,290,000 | $715,000 |
| $Over $1MM | 1 | $1,155,000 | $1,155,000 |
Gloversville's loan sizing saw the bucket of loans from $100k-200k with 336 originations, totaling $48,040,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 350 | $68,690,000 | $196,257 |
| 60-80% | 169 | $29,725,000 | $175,888 |
| 20-40% | 91 | $8,145,000 | $89,505 |
| 40-60% | 79 | $10,735,000 | $135,886 |
| Under 20% | 61 | $2,735,000 | $44,836 |
| Over 100% | 14 | $4,010,000 | $286,429 |
Gloversville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 350 originations, totaling $68,690,000 in origination value.