ITHACA Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ithaca averaged
6.61%
for the week of 2025-07-17, compared to the national average of
6.75% for the same period.
The average rate for the prior week (2025-07-10) was
6.48% and
one month ago for the week of 2025-06-12, the
average rate was 6.6%.
Ithaca's average rate one year ago was 6.35%.
For refis of the same type during the week of 2025-07-17, the average rate
was 6.65%.
ITHACA 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 ITHACA, 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.).
ITHACA Average Closing Costs & Other Stats
ITHACA, NY's 54 lenders originated 1,051
loans during 2024. The total origination value was $1,068,195,000, with an average loan value of
$1,016,361.
ITHACA's average closing costs are $3,485.
The top ITHACA lender as defined by loan originations is CFCU Community Credit Union, with
126 loans originated. Their average total fees are
$436, which is $3,727
lower than the next largest lender,
Tompkins Trust Company.
The lowest fee ITHACA lenders (with over 10 loans originated) are
CFCU Community Credit Union ($436), Community Bank ($3,316), Tompkins Trust Company ($4,163), 1ST PRIORITY MORTGAGE, INC. ($5,329) and M&T Bank ($5,367).
The lowest rate ITHACA lenders (with over 10 loans originated) are
CFCU Community Credit Union (5.92%), Tompkins Trust Company (6.31%), M&T Bank (6.53%), 1ST PRIORITY MORTGAGE, INC. (6.75%) and Community Bank (6.91%).
ITHACA, 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 |
|---|---|---|---|---|
| JONES LANG LASALLE MULTIFAMILY, LLC | $359,090,000 | $688,450,000 | 91.7% | 64.4% |
| Tompkins Trust Company | $73,335,000 | $85,545,000 | 16.6% | 8.0% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $56,575,000 | n/a | 5.3% | |
| CFCU Community Credit Union | $50,450,000 | $46,540,000 | -7.8% | 4.4% |
| Five Star Bank | $440,000 | $40,340,000 | 9,068.2% | 3.8% |
| Community Bank | $26,665,000 | $19,475,000 | -27.0% | 1.8% |
| NEXTIER BANK, NATIONAL ASSOCIATION | $34,710,000 | $18,495,000 | -46.7% | 1.7% |
| 1ST PRIORITY MORTGAGE, INC. | $9,675,000 | $11,350,000 | 17.3% | 1.1% |
| M&T Bank | $11,585,000 | $10,675,000 | -7.9% | 1.0% |
| QUICKEN LOANS, LLC | $8,070,000 | $9,130,000 | 13.1% | 0.9% |
| JPMorgan Chase Bank | $1,455,000 | $8,280,000 | 469.1% | 0.8% |
| M&T Realty Capital Corporation | $4,975,000 | n/a | 0.5% | |
| Tioga State Bank | $4,705,000 | $4,705,000 | 0.0% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $1,680,000 | $2,890,000 | 72.0% | 0.3% |
| The First National Bank of Groton | $2,540,000 | $2,485,000 | -2.2% | 0.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,895,000 | $2,395,000 | 26.4% | 0.2% |
| Alternatives Federal Credit Union | $4,285,000 | $2,355,000 | -45.0% | 0.2% |
| Mortgage Research Center, LLC | $1,225,000 | $2,255,000 | 84.1% | 0.2% |
| Chemung Canal Trust Company | $13,450,000 | $2,240,000 | -83.3% | 0.2% |
| First National Bank of Dryden | $2,680,000 | $2,150,000 | -19.8% | 0.2% |
| Citizens Bank | $1,545,000 | $2,085,000 | 35.0% | 0.2% |
| EVERETT FINANCIAL, INC. | $2,075,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $2,580,000 | $2,075,000 | -19.6% | 0.2% |
| AMERICU Credit Union | $775,000 | $2,030,000 | 161.9% | 0.2% |
| KeyBank | $1,905,000 | $1,860,000 | -2.4% | 0.2% |
| Morgan Stanley Private Bank | $525,000 | $1,680,000 | 220.0% | 0.2% |
| Genesee Regional Bank | $145,000 | $1,270,000 | 775.9% | 0.1% |
| VISIONS | $2,635,000 | $1,195,000 | -54.6% | 0.1% |
| NBT Bank | $515,000 | $1,170,000 | 127.2% | 0.1% |
| PNC Bank | $400,000 | $1,150,000 | 187.5% | 0.1% |
| TD Bank | $1,265,000 | $935,000 | -26.1% | 0.1% |
| Farm Credit East, ACA | $765,000 | $930,000 | 21.6% | 0.1% |
| Premium Mortgage Corporation | $1,535,000 | $845,000 | -45.0% | 0.1% |
| CORNING | $200,000 | $840,000 | 320.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $765,000 | $825,000 | 7.8% | 0.1% |
| Bank of America | $1,835,000 | $810,000 | -55.9% | 0.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $85,000 | $805,000 | 847.1% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,460,000 | $785,000 | -46.2% | 0.1% |
| The Lyons National Bank | $515,000 | $660,000 | 28.2% | 0.1% |
| FINGER LAKES | $150,000 | $645,000 | 330.0% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $640,000 | n/a | 0.1% | |
| Wells Fargo Bank | $2,090,000 | $620,000 | -70.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $45,000 | $615,000 | 1,266.7% | 0.1% |
| PENNYMAC LOAN SERVICES, LLC | $565,000 | $600,000 | 6.2% | 0.1% |
| UBS Bank USA | $595,000 | n/a | 0.1% | |
| A&D Mortgage LLC | $205,000 | $570,000 | 178.0% | 0.1% |
| LOANDEPOT.COM, LLC | $1,170,000 | $510,000 | -56.4% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $505,000 | n/a | 0.0% | |
| USAA Federal Savings Bank | $235,000 | $500,000 | 112.8% | 0.0% |
| U.S. Bank | $485,000 | n/a | 0.0% | |
| Discover Bank | $180,000 | $470,000 | 161.1% | 0.0% |
| TEACHERS | $445,000 | n/a | 0.0% | |
| HOME TOWN FUNDING, INC. | $425,000 | n/a | 0.0% | |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $410,000 | n/a | 0.0% | |
| Alerus Financial | $385,000 | n/a | 0.0% | |
| Carrington Mortgage Services, LLC | $340,000 | n/a | 0.0% | |
| Flagstar Bank, FSB | $155,000 | $335,000 | 116.1% | 0.0% |
| GUARANTEED RATE, INC. | $665,000 | $335,000 | -49.6% | 0.0% |
| Quontic Bank | $325,000 | n/a | 0.0% | |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $1,880,000 | $325,000 | -82.7% | 0.0% |
| Citizens & Northern Bank | $195,000 | $305,000 | 56.4% | 0.0% |
| NORTHERN CREDIT UNION | $295,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $205,000 | $285,000 | 39.0% | 0.0% |
| CMG MORTGAGE, INC. | $275,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $265,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $125,000 | $260,000 | 108.0% | 0.0% |
| Empower Federal Credit Union | $645,000 | $250,000 | -61.2% | 0.0% |
| NEWREZ LLC | $250,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $475,000 | $235,000 | -50.5% | 0.0% |
| CLIFFCO, INC. | $225,000 | n/a | 0.0% | |
| COREVEST AMERICAN FINANCE LENDER LLC | $225,000 | n/a | 0.0% | |
| NBKC BANK | $290,000 | $225,000 | -22.4% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $185,000 | $225,000 | 21.6% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $430,000 | $215,000 | -50.0% | 0.0% |
| ESL Federal Credit Union | $215,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $200,000 | n/a | 0.0% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $570,000 | $195,000 | -65.8% | 0.0% |
| Geddes Federal Savings and Loan Association | $235,000 | $195,000 | -17.0% | 0.0% |
| The Federal Savings Bank | $155,000 | $195,000 | 25.8% | 0.0% |
| First National Bank of Pennsylvania | $185,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $315,000 | $185,000 | -41.3% | 0.0% |
| FREEDOM MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| PARAGON HOME LOANS INC. | $2,885,000 | $175,000 | -93.9% | 0.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $165,000 | n/a | 0.0% | |
| SEFCU SERVICES, LLC | $635,000 | $165,000 | -74.0% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $550,000 | $150,000 | -72.7% | 0.0% |
| AFFINITY | $145,000 | n/a | 0.0% | |
| RF Renovo Management Company, LLC | $145,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $530,000 | $110,000 | -79.2% | 0.0% |
| Cathay Bank | $265,000 | $105,000 | -60.4% | 0.0% |
| THE SUMMIT Federal Credit Union | $75,000 | $80,000 | 6.7% | 0.0% |
| Citibank | $55,000 | n/a | 0.0% | |
| FIRST HERITAGE FEDERAL CREDIT UNION | $205,000 | $35,000 | -82.9% | 0.0% |
| Wayne Bank | $75,000 | $15,000 | -80.0% | 0.0% |
ITHACA's top lender by overall market share is JONES LANG LASALLE MULTIFAMILY, LLC, with 64.4% market share. In second place, with 8.0%, is Tompkins Trust Company, having originated $85,545,000 in loans. In third place, with 5.3%, is BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC, having originated $56,575,000 in loans. In fourth place, with 4.4%, is CFCU Community Credit Union, having originated $46,540,000 in loans. In fifth place, with 3.8%, is Five Star Bank, having originated $40,340,000 in loans.
ITHACA, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 602 | $240,840,000 | $400,066 |
| Home Improvement | 181 | $21,295,000 | $117,652 |
| Other | 107 | $11,725,000 | $109,579 |
| Refi | 92 | $87,740,000 | $953,696 |
| Cash Out Refi | 69 | $706,595,000 | $10,240,507 |
Ithaca's most frequently cited loan purpose was Home Purchase, with 602 originations. The 2nd most popular reason was Home Improvement, with 181 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 378 | $842,060,000 | $2,227,672 |
| 5-6% | 217 | $65,645,000 | $302,512 |
| 7-8% | 153 | $53,975,000 | $352,778 |
| 3-4% | 108 | $16,170,000 | $149,722 |
| Over 8% | 96 | $11,150,000 | $116,146 |
| 4-5% | 7 | $1,335,000 | $190,714 |
| <2.5% | 3 | $175,000 | $58,333 |
During 2024, Ithaca's most frequently originated rate bucket was 6-7%, with 378 originations.
Loan Sizing (ITHACA, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 387 | $106,465,000 | $275,103 |
| $100k-200k | 263 | $38,335,000 | $145,760 |
| $100,000 or less | 255 | $14,195,000 | $55,667 |
| $400k-600k | 100 | $47,430,000 | $474,300 |
| $600k-1000k | 31 | $22,135,000 | $714,032 |
| $Over $1MM | 15 | $839,635,000 | $55,975,667 |
ITHACA's loan sizing saw the bucket of loans from $200k-400k with 387 originations, totaling $106,465,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 325 | $101,735,000 | $313,031 |
| 60-80% | 211 | $105,135,000 | $498,270 |
| 20-40% | 158 | $39,320,000 | $248,861 |
| Under 20% | 151 | $11,685,000 | $77,384 |
| 40-60% | 112 | $43,310,000 | $386,696 |
| Over 100% | 4 | $689,270,000 | $172,317,500 |
ITHACA's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 325 originations, totaling $101,735,000 in origination value.