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 6.68% for the week of 2024-05-23, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-05-16) was 6.76% and one month ago for the week of 2024-04-18, the average rate was 7.14%.

Gloversville's average rate one year ago was 6.53%.

For refis of the same type during the week of 2024-05-23, the average rate was 7.44%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-23 6.94%
Gloversville 30 Year Fixed Rate 2024-05-23 6.68%
Gloversville 30 Year Fixed Rate Refi 2024-05-23 7.44%
Gloversville 15 Year Fixed Rate 2024-05-23 6.14%
Gloversville 15 Year Fixed Rate Refi 2024-05-23 6.14%
Gloversville 30 Year FHA 2024-05-23 6.76%
Gloversville 30 Year FHA Refi 2024-05-23 6.55%
Gloversville 30 Year USDA 2024-05-23 6.74%
Gloversville 30 Year USDA Refi 2024-05-23 6.54%
Gloversville 30 Year VA 2024-05-23 6.47%
Gloversville 30 Year VA Refi 2024-05-23 6.37%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Community Bank 52 7.16% $709
HOMESTEAD FUNDING CORP. 41 6.53% $3,621
SEFCU SERVICES, LLC 37 5.75% $3,846
QUICKEN LOANS, LLC 22 7.19% $6,218
UNITED WHOLESALE MORTGAGE, LLC 15 6.69% $7,663
NBT Bank 10 6.25% $3,565
NEWREZ LLC 9 7.03% $6,187
KeyBank 7 6.67% $2,534
Premium Mortgage Corporation 6 6.79% $6,028
TrustCo Bank 6 6.93% $2,878
SUNMARK FEDERAL CREDIT UNION 5 6.23% $3,710
MOVEMENT MORTGAGE, LLC 4 6.86% $8,513
JPMorgan Chase Bank 4 6.90% $9,578
1ST PRIORITY MORTGAGE, INC. 4 6.81% $4,508
GUARANTEED RATE, INC. 3 6.78% $6,478
M&T Bank 3 6.54% $4,410
Bank of England 2 7.13% $6,932
BETTER MORTGAGE CORPORATION 2 6.94% $5,175
Discover Bank 2 6.74% $0
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $7,601
Glens Falls National Bank and Trust Company 2 6.56% $3,794
NAVY FEDERAL CREDIT UNION 2 7.88% $5,641
PENNYMAC LOAN SERVICES, LLC 2 6.31% $5,217
ROYAL UNITED MORTGAGE LLC 2 7.50% $4,924
Mortgage Research Center, LLC 1 6.50% $1,385
First Savings Bank 1 7.88% $4,571
Mr. Cooper ( Nationstar Mortgage ) 1 7.38% $5,319
FIRST NEW YORK 1 5.25% $10,600
21ST MORTGAGE CORPORATION 1 7.65% $6,963
Farm Credit East, ACA 1 8.75% $7,787
CONTINENTAL MORTGAGE BANKERS, INC. 1 7.25% $6,706
NORTHERN CREDIT UNION 1 8.13% $4,743
US MORTGAGE CORPORATION 1 7.63% $15,164
Plains Commerce Bank 1 6.25% $9,955
PLAZA HOME MORTGAGE, INC. 1 6.38% $5,499
Citizens Bank 1 6.25% $3,986
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $5,839
Chemung Canal Trust Company 1 6.13% $2,612
Wells Fargo Bank 1 8.63% $5,797
Bank of America 1 7.38% $6,002
AMERICU Credit Union 1 5.50% $4,144
TD Bank 1 5.13% $9,589
Ally Bank 1 5.75% $9,234
UBS Bank USA 1 7.00% $4,541
HUNT MORTGAGE CORPORATION 1 7.13% $6,665
GUARANTEED RATE AFFINITY, LLC 1 7.00% $6,587
GREYLOCK 1 5.63% $3,219

Gloversville Average Closing Costs & Other Stats

Gloversville, NY's 47 lenders originated 755 loans during 2023. The total origination value was $132,265,000, with an average loan value of $175,185.

Gloversville's average closing costs are $4,660.

The top Gloversville lender as defined by loan originations is Community Bank, with 52 loans originated. Their average total fees are $709, which is $2,912 lower than the next largest lender, HOMESTEAD FUNDING CORP..

The lowest fee Gloversville lenders (with over 10 loans originated) are Community Bank ($709), NBT Bank ($3,565), HOMESTEAD FUNDING CORP. ($3,621), SEFCU SERVICES, LLC ($3,846) and QUICKEN LOANS, LLC ($6,218).

The lowest rate Gloversville lenders (with over 10 loans originated) are SEFCU SERVICES, LLC (5.75%), NBT Bank (6.25%), HOMESTEAD FUNDING CORP. (6.53%), UNITED WHOLESALE MORTGAGE, LLC (6.69%) and Community Bank (7.16%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Webster Bank $105,000 $15,155,000 14,333.3% 11.5%
HOMESTEAD FUNDING CORP. $22,510,000 $14,415,000 -36.0% 10.9%
Community Bank $16,720,000 $11,040,000 -34.0% 8.3%
SEFCU SERVICES, LLC $7,400,000 $9,500,000 28.4% 7.2%
QUICKEN LOANS, LLC $9,425,000 $9,185,000 -2.5% 6.9%
NBT Bank $7,625,000 $6,605,000 -13.4% 5.0%
UNITED WHOLESALE MORTGAGE, LLC $3,860,000 $6,575,000 70.3% 5.0%
STATE EMPLOYEES FEDERAL CREDIT UNION $4,250,000 $4,535,000 6.7% 3.4%
SUNMARK FEDERAL CREDIT UNION $6,765,000 $4,090,000 -39.5% 3.1%
Premium Mortgage Corporation $3,340,000 $3,330,000 -0.3% 2.5%
The National Bank of Coxsackie $6,590,000 $2,845,000 -56.8% 2.2%
NEWREZ LLC $820,000 $2,830,000 245.1% 2.1%
KeyBank $7,960,000 $2,675,000 -66.4% 2.0%
TrustCo Bank $3,765,000 $2,565,000 -31.9% 1.9%
Ballston Spa National Bank $1,195,000 $2,480,000 107.5% 1.9%
Citizens Bank $3,315,000 $2,130,000 -35.7% 1.6%
Mortgage Research Center, LLC $2,420,000 $2,110,000 -12.8% 1.6%
NAVY FEDERAL CREDIT UNION $2,210,000 $1,895,000 -14.3% 1.4%
M&T Bank $3,430,000 $1,355,000 -60.5% 1.0%
PLAZA HOME MORTGAGE, INC. $2,690,000 $1,300,000 -51.7% 1.0%
First National Bank of Scotia $495,000 $1,260,000 154.5% 1.0%
1ST PRIORITY MORTGAGE, INC. $3,945,000 $1,240,000 -68.6% 0.9%
AMERICAN FINANCIAL RESOURCES, INC. $1,865,000 $1,230,000 -34.0% 0.9%
JPMorgan Chase Bank $335,000 $1,140,000 240.3% 0.9%
MOVEMENT MORTGAGE, LLC $1,105,000 $1,125,000 1.8% 0.9%
TD Bank $1,005,000 n/a 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $580,000 $795,000 37.1% 0.6%
GUARANTEED RATE, INC. $295,000 $795,000 169.5% 0.6%
Discover Bank $45,000 $755,000 1,577.8% 0.6%
CROSSCOUNTRY MORTGAGE, LLC $695,000 $745,000 7.2% 0.6%
US MORTGAGE CORPORATION $725,000 n/a 0.5%
FIRST NEW YORK $1,800,000 $685,000 -61.9% 0.5%
21ST MORTGAGE CORPORATION $480,000 $680,000 41.7% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $2,015,000 $645,000 -68.0% 0.5%
Saratoga National Bank and Trust Company $1,005,000 $630,000 -37.3% 0.5%
AMERICAN FINANCIAL NETWORK, INC. $550,000 n/a 0.4%
The Adirondack Trust Company $545,000 n/a 0.4%
GPO Federal Credit Union $345,000 $475,000 37.7% 0.4%
Walden Savings Bank $475,000 n/a 0.4%
Farm Credit East, ACA $535,000 $425,000 -20.6% 0.3%
UBS Bank USA $405,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $135,000 $400,000 196.3% 0.3%
Chemung Canal Trust Company $895,000 $390,000 -56.4% 0.3%
CREDIT HUMAN FEDERAL CREDIT UNION $75,000 $380,000 406.7% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $295,000 $365,000 23.7% 0.3%
TRIAD FINANCIAL SERVICES, INC. $335,000 n/a 0.3%
Glens Falls National Bank and Trust Company $695,000 $330,000 -52.5% 0.2%
Plains Commerce Bank $325,000 n/a 0.2%
Bank of England $320,000 n/a 0.2%
EMM LOANS LLC $320,000 n/a 0.2%
First Savings Bank $305,000 n/a 0.2%
Carrington Mortgage Services, LLC $480,000 $290,000 -39.6% 0.2%
EMBRACE HOME LOANS, INC. $275,000 n/a 0.2%
The Federal Savings Bank $275,000 $275,000 0.0% 0.2%
Bank of America $1,700,000 $265,000 -84.4% 0.2%
RELIANCE FIRST CAPITAL, LLC $115,000 $265,000 130.4% 0.2%
USAA Federal Savings Bank $290,000 $265,000 -8.6% 0.2%
BETTER MORTGAGE CORPORATION $145,000 $260,000 79.3% 0.2%
Berkshire Bank $245,000 $250,000 2.0% 0.2%
CONTINENTAL MORTGAGE BANKERS, INC. $245,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $740,000 $245,000 -66.9% 0.2%
LENDSURE MORTGAGE CORP. $235,000 n/a 0.2%
AMERICU Credit Union $270,000 $225,000 -16.7% 0.2%
Ally Bank $205,000 n/a 0.2%
GUARANTEED RATE AFFINITY, LLC $205,000 n/a 0.2%
Wells Fargo Bank $1,305,000 $190,000 -85.4% 0.1%
Hometown Equity Mortgage, LLC $125,000 $185,000 48.0% 0.1%
DOMINION FINANCIAL SERVICES, LLC $160,000 n/a 0.1%
GREYLOCK $145,000 n/a 0.1%
FIRST SOURCE $140,000 $125,000 -10.7% 0.1%
HUNT MORTGAGE CORPORATION $345,000 $125,000 -63.8% 0.1%
Empower Federal Credit Union $180,000 $120,000 -33.3% 0.1%
Pioneer Bank $120,000 n/a 0.1%
Centier Bank $115,000 n/a 0.1%
NORTHERN CREDIT UNION $115,000 n/a 0.1%
AMERICAN HERITAGE LENDING, INC. $95,000 n/a 0.1%
Adirondack Bank $340,000 $85,000 -75.0% 0.1%
CARDINAL FINANCIAL $290,000 $85,000 -70.7% 0.1%
HUDSON VALLEY CREDIT UNION $245,000 $85,000 -65.3% 0.1%
GREENWOOD $80,000 n/a 0.1%
FIRST CREDIT CORPORATION OF NEW YORK, INC. $150,000 $70,000 -53.3% 0.1%
PNC Bank $70,000 n/a 0.1%
A&D Mortgage LLC $65,000 n/a 0.0%
COMMUNITY RESOURCE FEDERAL CREDIT UNION $295,000 $55,000 -81.4% 0.0%
GHS Federal Credit Union $95,000 $55,000 -42.1% 0.0%
Bethpage Federal Credit Union $350,000 $35,000 -90.0% 0.0%
Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%
School Systems FCU $15,000 n/a 0.0%

Gloversville's top lender by overall market share is Webster Bank, with 11.5% market share. In second place, with 10.9%, is HOMESTEAD FUNDING CORP., having originated $14,415,000 in loans. In third place, with 8.3%, is Community Bank, having originated $11,040,000 in loans. In fourth place, with 7.2%, is SEFCU SERVICES, LLC, having originated $9,500,000 in loans. In fifth place, with 6.9%, is QUICKEN LOANS, LLC, having originated $9,185,000 in loans.


Gloversville Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Gloversville (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 $136,625 (12.6%) $184,983 (9.9%) 0.00 238
2018-02-01 $138,375 (16.3%) $187,069 (13.3%) 0.00 222
2018-03-01 $136,250 (18.5%) $190,347 (19.6%) 0.00 226
2018-04-01 $138,100 (15.2%) $191,786 (14.9%) 0.00 231
2018-05-01 $159,250 (25.2%) $205,310 (14.9%) 0.00 276
2018-06-01 $159,900 (23.0%) $204,462 (14.5%) 0.00 299
2018-07-01 $159,900 (16.7%) $201,919 (10.4%) 0.00 325
2018-08-01 $167,400 (12.2%) $209,227 (7.6%) 0.00 314
2018-09-01 $164,900 (10.3%) $199,833 (1.8%) 0.00 327
2018-10-01 $163,100 (8.9%) $201,854 (3.5%) 0.00 314
2018-11-01 $159,675 (7.1%) $198,375 (2.9%) 0.00 303
2018-12-01 $149,900 (7.8%) $187,631 (1.8%) 0.00 278
2019-01-01 $152,250 (11.4%) $186,194 (0.7%) 0.00 253
2019-02-01 $144,700 (4.6%) $178,498 (-4.6%) 0.00 247
2019-03-01 $149,514 (9.7%) $181,875 (-4.5%) 0.00 240
2019-04-01 $158,450 (14.7%) $187,884 (-2.0%) 0.00 241
2019-05-01 $168,950 (6.1%) $198,137 (-3.5%) 0.00 273
2019-06-01 $174,000 (8.8%) $206,604 (1.1%) 0.00 296
2019-07-01 $174,900 (9.4%) $207,829 (2.9%) 0.00 317
2019-08-01 $168,845 (0.9%) $208,079 (-0.6%) 0.00 328
2019-09-01 $158,189 (-4.1%) $204,426 (2.3%) 0.00 327
2019-10-01 $149,450 (-8.4%) $199,229 (-1.3%) 0.00 319
2019-11-01 $139,900 (-12.4%) $196,310 (-1.0%) 0.00 289
2019-12-01 $143,325 (-4.4%) $198,512 (5.8%) 0.00 270
2020-01-01 $141,550 (-7.0%) $197,959 (6.3%) 0.00 248
2020-02-01 $139,000 (-3.9%) $195,750 (9.7%) 0.00 248
2020-03-01 $156,200 (4.5%) $207,145 (13.9%) 0.00 222
2020-04-01 $159,225 (0.5%) $210,429 (12.0%) 0.00 207
2020-05-01 $169,000 (0.0%) $212,289 (7.1%) 0.00 193
2020-06-01 $177,950 (2.3%) $214,069 (3.6%) 0.00 172
2020-07-01 $159,950 (-8.6%) $214,676 (3.3%) 0.00 174
2020-08-01 $187,000 (10.8%) $230,809 (10.9%) 0.00 168
2020-09-01 $187,175 (18.3%) $225,060 (10.1%) 0.00 169
2020-10-01 $167,450 (12.0%) $220,618 (10.7%) 0.00 146
2020-11-01 $159,000 (13.7%) $221,718 (12.9%) 0.00 145
2020-12-01 $161,150 (12.4%) $220,313 (11.0%) 0.00 126
2021-01-01 $149,900 (5.9%) $210,071 (6.1%) 0.00 104
2021-02-01 $159,900 (15.0%) $228,058 (16.5%) 0.00 94
2021-03-01 $149,900 (-4.0%) $226,783 (9.5%) 0.00 86
2021-04-01 $173,425 (8.9%) $250,927 (19.3%) 0.00 91
2021-05-01 $199,000 (17.8%) $262,877 (23.8%) 0.00 96
2021-06-01 $200,000 (12.4%) $285,696 (33.5%) 0.00 116
2021-07-01 $215,000 (34.4%) $298,235 (38.9%) 0.00 137
2021-08-01 $219,900 (17.6%) $313,865 (36.0%) 0.00 146
2021-09-01 $216,950 (15.9%) $313,177 (39.2%) 0.00 149
2021-10-01 $205,000 (22.4%) $293,464 (33.0%) 0.00 145
2021-11-01 $194,450 (22.3%) $271,457 (22.4%) 0.00 133
2021-12-01 $189,000 (17.3%) $246,086 (11.7%) 0.00 119
2022-01-01 $197,000 (31.4%) $246,148 (17.2%) 0.00 103
2022-02-01 $209,450 (31.0%) $245,947 (7.8%) 0.00 82
2022-03-01 $218,500 (45.8%) $262,642 (15.8%) 0.00 62
2022-04-01 $215,000 (24.0%) $268,780 (7.1%) 0.00 67
2022-05-01 $204,900 (3.0%) $279,794 (6.4%) 0.00 82
2022-06-01 $202,100 (1.1%) $300,908 (5.3%) 0.00 110
2022-07-01 $219,900 (2.3%) $304,813 (2.2%) 0.00 128
2022-08-01 $221,900 (0.9%) $305,623 (-2.6%) 0.00 133
2022-09-01 $206,200 (-5.0%) $290,486 (-7.3%) 0.00 148
2022-10-01 $215,000 (4.9%) $288,040 (-1.9%) 0.00 136
2022-11-01 $211,950 (9.0%) $279,075 (2.8%) 0.00 133
2022-12-01 $199,900 (5.8%) $263,518 (7.1%) 0.00 114
2023-01-01 $209,975 (6.6%) $268,254 (9.0%) 0.00 109
2023-02-01 $213,750 (2.1%) $262,345 (6.7%) 0.00 107
2023-03-01 $210,000 (-3.9%) $267,789 (2.0%) 0.00 94
2023-04-01 $209,900 (-2.4%) $265,422 (-1.3%) 0.00 93
2023-05-01 $227,450 (11.0%) $291,804 (4.3%) 0.00 102
2023-06-01 $226,000 (11.8%) $279,410 (-7.1%) 0.00 109
2023-07-01 $224,950 (2.3%) $271,153 (-11.0%) 0.00 135
2023-08-01 $212,450 (-4.3%) $262,616 (-14.1%) 0.00 135
2023-09-01 $225,000 (9.1%) $258,782 (-10.9%) 0.00 136
2023-10-01 $199,900 (-7.0%) $242,890 (-15.7%) 0.00 130
2023-11-01 $214,575 (1.2%) $237,896 (-14.8%) 0.00 133
2023-12-01 $225,000 (12.6%) $250,858 (-4.8%) 0.00 118
2024-01-01 $217,400 (3.5%) $234,590 (-12.6%) 0.00 106
2024-02-01 $199,900 (-6.5%) $236,406 (-9.9%) 0.00 96
2024-03-01 $199,950 (-4.8%) $250,395 (-6.5%) 0.00 90
2024-04-01 $213,750 (1.8%) $275,199 (3.7%) 0.00 99
Gloversville's median listing price for 2024-04-01 was $213,750, a difference of $3,850 (1.8%) versus the prior year and $13,800 versus the prior month.

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

Gloversville's average listing price for 2024-04-01 was $275,199, a difference of $9,777 (3.7%) versus the prior year and $24,804 versus the prior month.

For the 2024-04-01 period, Gloversville had 99 MLS listings, a difference of 9 listings (10%) versus the prior month and 6 listings (6%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Gloversville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,625 sqft
2018-02-01 0 days 1,646 sqft
2018-03-01 0 days 1,621 sqft
2018-04-01 0 days 1,621 sqft
2018-05-01 0 days 1,591 sqft
2018-06-01 0 days 1,598 sqft
2018-07-01 0 days 1,616 sqft
2018-08-01 0 days 1,638 sqft
2018-09-01 0 days 1,620 sqft
2018-10-01 0 days 1,615 sqft
2018-11-01 0 days 1,620 sqft
2018-12-01 0 days 1,623 sqft
2019-01-01 0 days 1,624 sqft
2019-02-01 0 days 1,622 sqft
2019-03-01 0 days 1,628 sqft
2019-04-01 0 days 1,629 sqft
2019-05-01 0 days 1,640 sqft
2019-06-01 0 days 1,623 sqft
2019-07-01 0 days 1,625 sqft
2019-08-01 0 days 1,608 sqft
2019-09-01 0 days 1,583 sqft
2019-10-01 0 days 1,567 sqft
2019-11-01 0 days 1,564 sqft
2019-12-01 0 days 1,567 sqft
2020-01-01 0 days 1,562 sqft
2020-02-01 0 days 1,568 sqft
2020-03-01 0 days 1,608 sqft
2020-04-01 0 days 1,580 sqft
2020-05-01 0 days 1,592 sqft
2020-06-01 0 days 1,611 sqft
2020-07-01 0 days 1,549 sqft
2020-08-01 0 days 1,647 sqft
2020-09-01 0 days 1,707 sqft
2020-10-01 0 days 1,708 sqft
2020-11-01 0 days 1,708 sqft
2020-12-01 0 days 1,674 sqft
2021-01-01 0 days 1,687 sqft
2021-02-01 0 days 1,705 sqft
2021-03-01 0 days 1,614 sqft
2021-04-01 0 days 1,672 sqft
2021-05-01 0 days 1,648 sqft
2021-06-01 0 days 1,580 sqft
2021-07-01 0 days 1,694 sqft
2021-08-01 0 days 1,622 sqft
2021-09-01 0 days 1,608 sqft
2021-10-01 0 days 1,700 sqft
2021-11-01 0 days 1,665 sqft
2021-12-01 0 days 1,669 sqft
2022-01-01 0 days 1,780 sqft
2022-02-01 0 days 1,760 sqft
2022-03-01 0 days 1,706 sqft
2022-04-01 0 days 1,689 sqft
2022-05-01 0 days 1,525 sqft
2022-06-01 0 days 1,534 sqft
2022-07-01 0 days 1,578 sqft
2022-08-01 0 days 1,554 sqft
2022-09-01 0 days 1,511 sqft
2022-10-01 0 days 1,520 sqft
2022-11-01 0 days 1,532 sqft
2022-12-01 0 days 1,520 sqft
2023-01-01 0 days 1,520 sqft
2023-02-01 0 days 1,528 sqft
2023-03-01 0 days 1,557 sqft
2023-04-01 0 days 1,642 sqft
2023-05-01 0 days 1,592 sqft
2023-06-01 0 days 1,595 sqft
2023-07-01 0 days 1,585 sqft
2023-08-01 0 days 1,552 sqft
2023-09-01 0 days 1,520 sqft
2023-10-01 0 days 1,539 sqft
2023-11-01 0 days 1,500 sqft
2023-12-01 0 days 1,484 sqft
2024-01-01 0 days 1,506 sqft
2024-02-01 0 days 1,509 sqft
2024-03-01 0 days 1,500 sqft
2024-04-01 0 days 1,478 sqft
Gloversville's median listing age (time on market) for 2024-04-01 was 0 days.

Gloversville's median square footage for active listings during the 2024-04-01 period was 1,478 sqft. One year prior, the average listing was 1,642 sqft.

Gloversville, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 450 $103,170,000 $229,267
Home Improvement 128 $9,010,000 $70,391
Cash Out Refi 68 $10,640,000 $156,471
Other 56 $4,050,000 $72,321
Refi 53 $5,395,000 $101,792

Gloversville's most frequently cited loan purpose was Home Purchase, with 450 originations. The 2nd most popular reason was Home Improvement, with 128 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 278 $48,870,000 $175,791
7-8% 175 $40,935,000 $233,914
5-6% 98 $18,890,000 $192,755
Over 8% 88 $8,170,000 $92,841
<2.5% 30 $1,830,000 $61,000
3-4% 29 $2,525,000 $87,069
4-5% 19 $2,805,000 $147,632
2.5-3% 1 $15,000 $15,000

During 2023, Gloversville's most frequently originated rate bucket was 6-7%, with 278 originations.

Loan Sizing (Gloversville, NY MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 307 $43,515,000 $141,743
$100,000 or less 260 $15,100,000 $58,077
$200k-400k 154 $41,170,000 $267,338
$400k-600k 27 $12,755,000 $472,407
$600k-1000k 5 $3,565,000 $713,000
$Over $1MM 2 $16,160,000 $8,080,000

Gloversville's loan sizing saw the bucket of loans from $100k-200k with 307 originations, totaling $43,515,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 338 $64,900,000 $192,012
60-80% 121 $21,085,000 $174,256
20-40% 105 $8,535,000 $81,286
40-60% 72 $24,370,000 $338,472
Under 20% 70 $2,600,000 $37,143
Over 100% 10 $2,480,000 $248,000

Gloversville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 338 originations, totaling $64,900,000 in origination value.