Gloversville Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Gloversville, NY.

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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Community Bank 49 7.64% $630
HOMESTEAD FUNDING CORP. 43 6.56% $3,774
SEFCU SERVICES, LLC 25 6.24% $3,713
QUICKEN LOANS, LLC 25 6.90% $6,506
NEWREZ LLC 16 6.77% $5,738
NBT Bank 15 6.75% $3,804
KeyBank 14 6.60% $4,574
UNITED WHOLESALE MORTGAGE, LLC 12 6.74% $6,796
Premium Mortgage Corporation 9 7.07% $4,240
1ST PRIORITY MORTGAGE, INC. 7 6.88% $4,348
NAVY FEDERAL CREDIT UNION 4 6.91% $5,992
Wells Fargo Bank 3 6.29% $5,758
Glens Falls National Bank and Trust Company 3 6.71% $5,342
SUNMARK FEDERAL CREDIT UNION 3 6.37% $3,838
TrustCo Bank 3 6.50% $3,258
ROYAL UNITED MORTGAGE LLC 2 6.63% $6,258
MOVEMENT MORTGAGE, LLC 2 7.28% $4,936
JPMorgan Chase Bank 2 5.88% $7,297
CROSSCOUNTRY MORTGAGE, LLC 2 7.75% $6,350
HUDSON VALLEY CREDIT UNION 2 6.31% $5,133
Citizens Bank 2 5.94% $4,675
Charles Schwab Bank, SSB 1 6.25% $5,752
LOANDEPOT.COM, LLC 1 6.99% $4,397
Mr. Cooper ( Nationstar Mortgage ) 1 6.50% $7,382
CARDINAL FINANCIAL 1 7.63% $2,571
Berkshire Bank 1 6.13% $4,961
Bank of Richmondville 1 6.38% $1,727
NP, Inc. 1 9.37% $1,465
OWNERSCHOICE FUNDING, INCORPORATED 1 6.50% $5,525
PLANET HOME LENDING, LLC 1 6.38% $3,666
PLAZA HOME MORTGAGE, INC. 1 5.63% $6,272
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $4,853
AMERICAN FINANCING CORPORATION 1 7.38% $5,466
RELIANCE FIRST CAPITAL, LLC 1 7.63% $3,457
Saratoga National Bank and Trust Company 1 6.25% $3,175
A&D Mortgage LLC 1 6.63% $6,511
US MORTGAGE CORPORATION 1 7.00% $4,652
TEACHERS 1 7.25% $3,477
Tompkins Trust Company 1 6.88% $3,900
21ST MORTGAGE CORPORATION 1 8.02% $6,573
Adirondack Bank 1 5.63% $2,729
Empower Federal Credit Union 1 7.25% $8,955
Farm Credit East, ACA 1 8.25% $7,960
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.49% $5,988
FIRST SOURCE 1 6.50% $4,337
U.S. Bank 1 6.13% $3,213
GUARANTEED RATE, INC. 1 7.08% $6,188
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $6,424
HUNT MORTGAGE CORPORATION 1 7.75% $6,204

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.