Oneonta Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Oneonta averaged
6.67%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.8% and
one month ago for the week of 2024-10-03, the
average rate was 6%.
Oneonta's average rate one year ago was 8.04%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.19%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Oneonta 30 Year Fixed Rate | 2024-11-07 | 6.67% |
| Oneonta 30 Year Fixed Rate Refi | 2024-11-07 | 7.19% |
| Oneonta 15 Year Fixed Rate | 2024-11-07 | 6.2% |
| Oneonta 15 Year Fixed Rate Refi | 2024-11-07 | 6.6% |
| Oneonta 30 Year FHA | 2024-11-07 | 6.53% |
| Oneonta 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Oneonta 30 Year USDA | 2024-11-07 | 6.68% |
| Oneonta 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Oneonta 30 Year VA | 2024-11-07 | 6.34% |
| Oneonta 30 Year VA Refi | 2024-11-07 | 6.34% |
Oneonta 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 Oneonta, 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.).
Oneonta Average Closing Costs & Other Stats
Oneonta, NY's 56 lenders originated 665
loans during 2023. The total origination value was $115,175,000, with an average loan value of
$173,195.
Oneonta's average closing costs are $4,546.
The top Oneonta lender as defined by loan originations is Community Bank, with
68 loans originated. Their average total fees are
$782, which is $5,524
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Oneonta lenders (with over 10 loans originated) are
Community Bank ($782), NBT Bank ($3,686), HOMESTEAD FUNDING CORP. ($3,836), Premium Mortgage Corporation ($3,954) and Farm Credit East, ACA ($6,161).
The lowest rate Oneonta lenders (with over 10 loans originated) are
NBT Bank (5.92%), PLAZA HOME MORTGAGE, INC. (6.68%), Premium Mortgage Corporation (6.76%), Community Bank (6.86%) and HOMESTEAD FUNDING CORP. (6.95%).
Oneonta, 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 |
|---|---|---|---|---|
| Community Bank | $25,870,000 | $17,490,000 | -32.4% | 15.2% |
| NBT Bank | $10,720,000 | $13,240,000 | 23.5% | 11.5% |
| HOMESTEAD FUNDING CORP. | $9,995,000 | $9,265,000 | -7.3% | 8.0% |
| QUICKEN LOANS, LLC | $13,045,000 | $8,940,000 | -31.5% | 7.8% |
| Wayne Bank | $10,220,000 | $6,970,000 | -31.8% | 6.1% |
| PLAZA HOME MORTGAGE, INC. | $17,875,000 | $4,995,000 | -72.1% | 4.3% |
| Farm Credit East, ACA | $1,935,000 | $3,095,000 | 59.9% | 2.7% |
| Premium Mortgage Corporation | $2,070,000 | $2,860,000 | 38.2% | 2.5% |
| Citizens Bank | $4,390,000 | $2,850,000 | -35.1% | 2.5% |
| M&T Bank | $3,090,000 | $2,565,000 | -17.0% | 2.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,550,000 | $2,255,000 | 45.5% | 2.0% |
| SEFCU SERVICES, LLC | $2,685,000 | $1,890,000 | -29.6% | 1.6% |
| PENNYMAC LOAN SERVICES, LLC | $1,545,000 | n/a | 1.3% | |
| The National Bank of Coxsackie | $2,985,000 | $1,520,000 | -49.1% | 1.3% |
| MOVEMENT MORTGAGE, LLC | $515,000 | $1,320,000 | 156.3% | 1.1% |
| Mortgage Research Center, LLC | $1,080,000 | $1,290,000 | 19.4% | 1.1% |
| Wells Fargo Bank | $2,785,000 | $1,260,000 | -54.8% | 1.1% |
| FIRST SOURCE | $1,365,000 | $1,095,000 | -19.8% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $1,445,000 | $1,045,000 | -27.7% | 0.9% |
| TD Bank | $1,695,000 | $1,045,000 | -38.3% | 0.9% |
| JPMorgan Chase Bank | $3,565,000 | $1,015,000 | -71.5% | 0.9% |
| Citibank | $1,045,000 | $930,000 | -11.0% | 0.8% |
| Bethpage Federal Credit Union | $1,495,000 | $920,000 | -38.5% | 0.8% |
| KeyBank | $7,680,000 | $920,000 | -88.0% | 0.8% |
| 1ST PRIORITY MORTGAGE, INC. | $695,000 | $915,000 | 31.7% | 0.8% |
| Empower Federal Credit Union | $195,000 | $885,000 | 353.8% | 0.8% |
| Bank of Richmondville | $885,000 | $880,000 | -0.6% | 0.8% |
| AMERICAN FINANCIAL NETWORK, INC. | $840,000 | n/a | 0.7% | |
| Mr. Cooper ( Nationstar Mortgage ) | $2,445,000 | $810,000 | -66.9% | 0.7% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $125,000 | $810,000 | 548.0% | 0.7% |
| Wintrust Bank, N.A. | $785,000 | n/a | 0.7% | |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $1,225,000 | $720,000 | -41.2% | 0.6% |
| LOANDEPOT.COM, LLC | $3,345,000 | $715,000 | -78.6% | 0.6% |
| HUDSON HERITAGE | $710,000 | n/a | 0.6% | |
| AMERICU Credit Union | $915,000 | $685,000 | -25.1% | 0.6% |
| EMBRACE HOME LOANS, INC. | $95,000 | $630,000 | 563.2% | 0.5% |
| PARAGON HOME LOANS INC. | $605,000 | $580,000 | -4.1% | 0.5% |
| Morgan Stanley Private Bank | $515,000 | $545,000 | 5.8% | 0.5% |
| RELIANCE FIRST CAPITAL, LLC | $85,000 | $540,000 | 535.3% | 0.5% |
| NEWREZ LLC | $580,000 | $535,000 | -7.8% | 0.5% |
| AMERICAN FEDERAL MORTGAGE CORPORATION | $510,000 | n/a | 0.4% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $870,000 | $485,000 | -44.3% | 0.4% |
| NP, Inc. | $285,000 | $460,000 | 61.4% | 0.4% |
| Salisbury Bank and Trust Company | $425,000 | n/a | 0.4% | |
| CONTOUR MORTGAGE CORPORATION | $910,000 | $385,000 | -57.7% | 0.3% |
| Barrington Bank & Trust Company, N.A. | $380,000 | n/a | 0.3% | |
| Hometown Equity Mortgage, LLC | $660,000 | $370,000 | -43.9% | 0.3% |
| AMERICAN FINANCIAL RESOURCES, INC. | $210,000 | $350,000 | 66.7% | 0.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $415,000 | $350,000 | -15.7% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $320,000 | $350,000 | 9.4% | 0.3% |
| AMWEST FUNDING CORP. | $335,000 | n/a | 0.3% | |
| NBKC BANK | $575,000 | $330,000 | -42.6% | 0.3% |
| 21ST MORTGAGE CORPORATION | $925,000 | $315,000 | -65.9% | 0.3% |
| BETTER MORTGAGE CORPORATION | $1,470,000 | $315,000 | -78.6% | 0.3% |
| Equity Prime Mortgage LLC | $225,000 | $300,000 | 33.3% | 0.3% |
| MLB RESIDENTIAL LENDING, LLC | $280,000 | n/a | 0.2% | |
| VISIONS | $1,920,000 | $280,000 | -85.4% | 0.2% |
| BOND STREET MORTGAGE, LLC | $275,000 | n/a | 0.2% | |
| PREMIA MORTGAGE, LLC | $265,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $475,000 | $260,000 | -45.3% | 0.2% |
| HUNT MORTGAGE CORPORATION | $305,000 | $255,000 | -16.4% | 0.2% |
| Genesee Regional Bank | $250,000 | n/a | 0.2% | |
| Fifth Third Bank | $245,000 | n/a | 0.2% | |
| PNC Bank | $510,000 | $240,000 | -52.9% | 0.2% |
| Ulster Savings Bank | $235,000 | n/a | 0.2% | |
| FOUNDATION MORTGAGE CORPORATION | $225,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $210,000 | n/a | 0.2% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $515,000 | $205,000 | -60.2% | 0.2% |
| Rondout Savings Bank | $205,000 | n/a | 0.2% | |
| TEG Federal Credit Union | $205,000 | n/a | 0.2% | |
| Discover Bank | $85,000 | $185,000 | 117.6% | 0.2% |
| GPO Federal Credit Union | $160,000 | $175,000 | 9.4% | 0.2% |
| First Savings Bank | $165,000 | n/a | 0.1% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $165,000 | n/a | 0.1% | |
| Adirondack Bank | $245,000 | $160,000 | -34.7% | 0.1% |
| FIRST NEW YORK | $585,000 | $155,000 | -73.5% | 0.1% |
| SILVER HILL FUNDING, LLC | $155,000 | n/a | 0.1% | |
| FM Home Loans, LLC | $135,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $135,000 | n/a | 0.1% | |
| Berkshire Bank | $305,000 | $130,000 | -57.4% | 0.1% |
| CFCU Community Credit Union | $125,000 | n/a | 0.1% | |
| SUNMARK FEDERAL CREDIT UNION | $485,000 | $125,000 | -74.2% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $160,000 | $125,000 | -21.9% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,345,000 | $115,000 | -91.4% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $115,000 | n/a | 0.1% | |
| UTILITIES EMPLOYEES CREDIT UNION | $65,000 | $110,000 | 69.2% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $105,000 | n/a | 0.1% | |
| NORWICH COMMERCIAL GROUP, INC. | $105,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $95,000 | n/a | 0.1% | |
| HOME TOWN FUNDING, INC. | $95,000 | n/a | 0.1% | |
| Lakeland Bank | $95,000 | n/a | 0.1% | |
| Centier Bank | $85,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $115,000 | $75,000 | -34.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $255,000 | $75,000 | -70.6% | 0.1% |
| GHS Federal Credit Union | $440,000 | $65,000 | -85.2% | 0.1% |
| ACCESS Federal Credit Union | $55,000 | $55,000 | 0.0% | 0.0% |
| MID-HUDSON VALLEY | $45,000 | n/a | 0.0% |
Oneonta's top lender by overall market share is Community Bank, with 15.2% market share. In second place, with 11.5%, is NBT Bank, having originated $13,240,000 in loans. In third place, with 8.0%, is HOMESTEAD FUNDING CORP., having originated $9,265,000 in loans. In fourth place, with 7.8%, is QUICKEN LOANS, LLC, having originated $8,940,000 in loans. In fifth place, with 6.1%, is Wayne Bank, having originated $6,970,000 in loans.
Oneonta, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 414 | $85,240,000 | $205,894 |
| Home Improvement | 75 | $7,195,000 | $95,933 |
| Refi | 72 | $9,680,000 | $134,444 |
| Other | 58 | $5,230,000 | $90,172 |
| Cash Out Refi | 46 | $7,830,000 | $170,217 |
Oneonta's most frequently cited loan purpose was Home Purchase, with 414 originations. The 2nd most popular reason was Home Improvement, with 75 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 253 | $48,235,000 | $190,652 |
| 7-8% | 162 | $27,960,000 | $172,593 |
| 5-6% | 76 | $15,440,000 | $203,158 |
| Over 8% | 69 | $8,905,000 | $129,058 |
| <2.5% | 57 | $4,095,000 | $71,842 |
| 3-4% | 17 | $1,685,000 | $99,118 |
| 4-5% | 15 | $4,965,000 | $331,000 |
| 2.5-3% | 1 | $65,000 | $65,000 |
During 2023, Oneonta's most frequently originated rate bucket was 6-7%, with 253 originations.
Loan Sizing (Oneonta, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 272 | $39,440,000 | $145,000 |
| $100,000 or less | 192 | $11,900,000 | $61,979 |
| $200k-400k | 172 | $46,660,000 | $271,279 |
| $400k-600k | 16 | $7,620,000 | $476,250 |
| $600k-1000k | 12 | $8,510,000 | $709,167 |
| $Over $1MM | 1 | $1,045,000 | $1,045,000 |
Oneonta's loan sizing saw the bucket of loans from $100k-200k with 272 originations, totaling $39,440,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 277 | $56,995,000 | $205,758 |
| 60-80% | 178 | $36,000,000 | $202,247 |
| 20-40% | 77 | $6,335,000 | $82,273 |
| 40-60% | 73 | $9,715,000 | $133,082 |
| Under 20% | 39 | $1,475,000 | $37,821 |
| Over 100% | 3 | $725,000 | $241,667 |
Oneonta's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 277 originations, totaling $56,995,000 in origination value.