Oneonta Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Oneonta averaged
6.63%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
7.02% and
one month ago for the week of 2023-11-02, the
average rate was 7.26%.
Oneonta's average rate one year ago was 6.09%.
For refis of the same type during the week of 2023-12-07, the average rate
was 7.13%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
| Oneonta 30 Year Fixed Rate | 2023-12-07 | 6.63% |
| Oneonta 30 Year Fixed Rate Refi | 2023-12-07 | 7.13% |
| Oneonta 15 Year Fixed Rate | 2023-12-07 | 6.09% |
| Oneonta 15 Year Fixed Rate Refi | 2023-12-07 | 6.29% |
| Oneonta 30 Year FHA | 2023-12-07 | 6.24% |
| Oneonta 30 Year FHA Refi | 2023-12-07 | 6.82% |
| Oneonta 30 Year USDA | 2023-12-07 | 6.92% |
| Oneonta 30 Year USDA Refi | 2023-12-07 | 7.02% |
| Oneonta 30 Year VA | 2023-12-07 | 6.64% |
| Oneonta 30 Year VA Refi | 2023-12-07 | 6.74% |
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 71 lenders originated 1,000
loans during 2022. The total origination value was $179,020,000, with an average loan value of
$179,020.
Oneonta's average closing costs are $4,418.
The top Oneonta lender as defined by loan originations is Community Bank, with
86 loans originated. Their average total fees are
$845, which is $6,954
lower than the next largest lender,
PLAZA HOME MORTGAGE, INC..
The lowest fee Oneonta lenders (with over 10 loans originated) are
Community Bank ($845), KeyBank ($3,407), SEFCU SERVICES, LLC ($3,637), HOMESTEAD FUNDING CORP. ($3,709) and NBT Bank ($3,767).
The lowest rate Oneonta lenders (with over 10 loans originated) are
SEFCU SERVICES, LLC (3.95%), KeyBank (4.20%), NBT Bank (4.42%), Wells Fargo Bank (4.62%) and HOMESTEAD FUNDING CORP. (4.65%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Community Bank | $29,705,000 | $25,870,000 | -12.9% | 14.5% |
| PLAZA HOME MORTGAGE, INC. | $21,960,000 | $17,875,000 | -18.6% | 10.0% |
| QUICKEN LOANS, LLC | $30,095,000 | $13,045,000 | -56.7% | 7.3% |
| NBT Bank | $16,450,000 | $10,720,000 | -34.8% | 6.0% |
| Wayne Bank | $11,480,000 | $10,220,000 | -11.0% | 5.7% |
| HOMESTEAD FUNDING CORP. | $16,260,000 | $9,995,000 | -38.5% | 5.6% |
| KeyBank | $12,955,000 | $7,680,000 | -40.7% | 4.3% |
| Citizens Bank | $5,050,000 | $4,390,000 | -13.1% | 2.5% |
| JPMorgan Chase Bank | $4,165,000 | $3,565,000 | -14.4% | 2.0% |
| LOANDEPOT.COM, LLC | $1,855,000 | $3,345,000 | 80.3% | 1.9% |
| M&T Bank | $6,520,000 | $3,090,000 | -52.6% | 1.7% |
| Bank of America | $2,665,000 | $3,055,000 | 14.6% | 1.7% |
| The National Bank of Coxsackie | $935,000 | $2,985,000 | 219.3% | 1.7% |
| Wells Fargo Bank | $4,840,000 | $2,785,000 | -42.5% | 1.6% |
| SEFCU SERVICES, LLC | $2,995,000 | $2,685,000 | -10.4% | 1.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,700,000 | $2,445,000 | 43.8% | 1.4% |
| Premium Mortgage Corporation | $2,375,000 | $2,070,000 | -12.8% | 1.2% |
| Farm Credit East, ACA | $2,345,000 | $1,935,000 | -17.5% | 1.1% |
| VISIONS | $895,000 | $1,920,000 | 114.5% | 1.1% |
| CCFCU FUNDING, LLC | $2,530,000 | $1,915,000 | -24.3% | 1.1% |
| HOME POINT FINANCIAL CORPORATION | $2,160,000 | $1,870,000 | -13.4% | 1.0% |
| TD Bank | $3,145,000 | $1,695,000 | -46.1% | 0.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,475,000 | $1,550,000 | 5.1% | 0.9% |
| Bethpage Federal Credit Union | $440,000 | $1,495,000 | 239.8% | 0.8% |
| BETTER MORTGAGE CORPORATION | $1,410,000 | $1,470,000 | 4.3% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $1,400,000 | $1,445,000 | 3.2% | 0.8% |
| FIRST SOURCE | $560,000 | $1,365,000 | 143.8% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,575,000 | $1,345,000 | -14.6% | 0.8% |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $525,000 | $1,225,000 | 133.3% | 0.7% |
| USAA Federal Savings Bank | $505,000 | $1,165,000 | 130.7% | 0.7% |
| Mortgage Research Center, LLC | $780,000 | $1,080,000 | 38.5% | 0.6% |
| Citibank | $155,000 | $1,045,000 | 574.2% | 0.6% |
| CALIBER HOME LOANS, INC. | $850,000 | $975,000 | 14.7% | 0.5% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $750,000 | $960,000 | 28.0% | 0.5% |
| 21ST MORTGAGE CORPORATION | $685,000 | $925,000 | 35.0% | 0.5% |
| AMERICU Credit Union | $2,395,000 | $915,000 | -61.8% | 0.5% |
| CONTOUR MORTGAGE CORPORATION | $1,030,000 | $910,000 | -11.7% | 0.5% |
| Bank of Richmondville | $1,005,000 | $885,000 | -11.9% | 0.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $155,000 | $870,000 | 461.3% | 0.5% |
| Evolve Bank & Trust | $705,000 | n/a | 0.4% | |
| 1ST PRIORITY MORTGAGE, INC. | $1,305,000 | $695,000 | -46.7% | 0.4% |
| UBS Bank USA | $695,000 | n/a | 0.4% | |
| Hometown Equity Mortgage, LLC | $660,000 | n/a | 0.4% | |
| PARAGON HOME LOANS INC. | $550,000 | $605,000 | 10.0% | 0.3% |
| FIRST NEW YORK | $295,000 | $585,000 | 98.3% | 0.3% |
| NEWREZ LLC | $1,145,000 | $580,000 | -49.3% | 0.3% |
| NBKC BANK | $685,000 | $575,000 | -16.1% | 0.3% |
| Nassau Educators Federal Credit Union | $355,000 | $530,000 | 49.3% | 0.3% |
| Morgan Stanley Private Bank | $515,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $515,000 | n/a | 0.3% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,180,000 | $515,000 | -56.4% | 0.3% |
| PNC Bank | $470,000 | $510,000 | 8.5% | 0.3% |
| SUNMARK FEDERAL CREDIT UNION | $240,000 | $485,000 | 102.1% | 0.3% |
| Flagstar Bank, FSB | $1,530,000 | $475,000 | -69.0% | 0.3% |
| NETWORK CAPITAL FUNDING CORPORATION | $470,000 | n/a | 0.3% | |
| Santander Bank, N.A. | $185,000 | $455,000 | 145.9% | 0.3% |
| GHS Federal Credit Union | $305,000 | $440,000 | 44.3% | 0.2% |
| Plains Commerce Bank | $435,000 | n/a | 0.2% | |
| U.S. Bank | $420,000 | n/a | 0.2% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $775,000 | $415,000 | -46.5% | 0.2% |
| CLIFFCO, INC. | $400,000 | n/a | 0.2% | |
| North American Savings Bank, F.S.B. | $370,000 | $400,000 | 8.1% | 0.2% |
| GUARANTEED RATE, INC. | $960,000 | $380,000 | -60.4% | 0.2% |
| HARTFORD FUNDING, LTD. | $375,000 | n/a | 0.2% | |
| Advisors Mortgage Group, L.L.C. | $370,000 | n/a | 0.2% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $365,000 | n/a | 0.2% | |
| Habib American Bank | $355,000 | n/a | 0.2% | |
| A&D Mortgage LLC | $650,000 | $350,000 | -46.2% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $345,000 | n/a | 0.2% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $335,000 | n/a | 0.2% | |
| FREEDOM MORTGAGE CORPORATION | $570,000 | $320,000 | -43.9% | 0.2% |
| AMERICAN FINANCING CORPORATION | $335,000 | $315,000 | -6.0% | 0.2% |
| CORNING | $515,000 | $310,000 | -39.8% | 0.2% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $115,000 | $310,000 | 169.6% | 0.2% |
| Berkshire Bank | $145,000 | $305,000 | 110.3% | 0.2% |
| HUNT MORTGAGE CORPORATION | $155,000 | $305,000 | 96.8% | 0.2% |
| The Lyons National Bank | $265,000 | $300,000 | 13.2% | 0.2% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $285,000 | n/a | 0.2% | |
| NP, Inc. | $285,000 | n/a | 0.2% | |
| VAN DYK MORTGAGE CORPORATION | $285,000 | n/a | 0.2% | |
| Cf Bank | $275,000 | n/a | 0.2% | |
| Quontic Bank | $115,000 | $275,000 | 139.1% | 0.2% |
| DIGITAL Federal Credit Union | $265,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $455,000 | $255,000 | -44.0% | 0.1% |
| Adirondack Bank | $135,000 | $245,000 | 81.5% | 0.1% |
| Equity Prime Mortgage LLC | $135,000 | $225,000 | 66.7% | 0.1% |
| Midwest BankCentre | $225,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $990,000 | $210,000 | -78.8% | 0.1% |
| Empower Federal Credit Union | $200,000 | $195,000 | -2.5% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $185,000 | n/a | 0.1% | |
| Tioga State Bank | $260,000 | $185,000 | -28.8% | 0.1% |
| FirstBank | $175,000 | n/a | 0.1% | |
| The Federal Savings Bank | $215,000 | $175,000 | -18.6% | 0.1% |
| ENVOY MORTGAGE, LTD | $105,000 | $165,000 | 57.1% | 0.1% |
| GPO Federal Credit Union | $235,000 | $160,000 | -31.9% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $160,000 | $160,000 | 0.0% | 0.1% |
| ATHAS CAPITAL GROUP, INC. | $145,000 | n/a | 0.1% | |
| EMM LOANS LLC | $145,000 | n/a | 0.1% | |
| Jeff Bank | $145,000 | n/a | 0.1% | |
| TOTAL MORTGAGE SERVICES, LLC | $105,000 | $145,000 | 38.1% | 0.1% |
| CAPITAL COMMUNICATIONS Federal Credit Union | $360,000 | $140,000 | -61.1% | 0.1% |
| HUDSON VALLEY CREDIT UNION | $135,000 | n/a | 0.1% | |
| LENDINGONE, LLC | $125,000 | n/a | 0.1% | |
| Metro City Bank | $95,000 | $125,000 | 31.6% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $145,000 | $125,000 | -13.8% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,070,000 | $125,000 | -88.3% | 0.1% |
| United States Senate Federal Credit Union | $125,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $185,000 | $120,000 | -35.1% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $240,000 | $115,000 | -52.1% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $310,000 | $115,000 | -62.9% | 0.1% |
| PHH Mortgage Corporation | $115,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $105,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $370,000 | $95,000 | -74.3% | 0.1% |
| Discover Bank | $85,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $315,000 | $85,000 | -73.0% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $235,000 | $65,000 | -72.3% | 0.0% |
| Webster Bank | $65,000 | n/a | 0.0% | |
| ACCESS Federal Credit Union | $55,000 | n/a | 0.0% | |
| Ballston Spa National Bank | $275,000 | $45,000 | -83.6% | 0.0% |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $45,000 | n/a | 0.0% | |
| GREENWOOD | $35,000 | n/a | 0.0% | |
| The People's Credit Union | $25,000 | n/a | 0.0% |
Oneonta's top lender by overall market share is Community Bank, with 14.5% market share. In second place, with 10.0%, is PLAZA HOME MORTGAGE, INC., having originated $17,875,000 in loans. In third place, with 7.3%, is QUICKEN LOANS, LLC, having originated $13,045,000 in loans. In fourth place, with 6.0%, is NBT Bank, having originated $10,720,000 in loans. In fifth place, with 5.7%, is Wayne Bank, having originated $10,220,000 in loans.
Oneonta, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 553 | $115,545,000 | $208,942 |
| Refi | 157 | $26,935,000 | $171,561 |
| Cash Out Refi | 124 | $21,130,000 | $170,403 |
| Home Improvement | 103 | $8,455,000 | $82,087 |
| Other | 62 | $6,840,000 | $110,323 |
| NA | 1 | $115,000 | $115,000 |
Oneonta's most frequently cited loan purpose was Home Purchase, with 553 originations. The 2nd most popular reason was Refi, with 157 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 251 | $47,395,000 | $188,825 |
| 5-6% | 215 | $37,975,000 | $176,628 |
| 4-5% | 193 | $35,475,000 | $183,808 |
| 6-7% | 103 | $15,935,000 | $154,709 |
| <2.5% | 79 | $9,875,000 | $125,000 |
| 2.5-3% | 63 | $9,465,000 | $150,238 |
| 7-8% | 27 | $4,265,000 | $157,963 |
| Over 8% | 10 | $1,050,000 | $105,000 |
During 2022, Oneonta's most frequently originated rate bucket was 3-4%, with 251 originations.
Loan Sizing (Oneonta, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 447 | $64,815,000 | $145,000 |
| $100,000 or less | 265 | $16,405,000 | $61,906 |
| $200k-400k | 232 | $61,300,000 | $264,224 |
| $400k-600k | 40 | $19,480,000 | $487,000 |
| $600k-1000k | 11 | $7,765,000 | $705,909 |
| $Over $1MM | 5 | $9,255,000 | $1,851,000 |
Oneonta's loan sizing saw the bucket of loans from $100k-200k with 447 originations, totaling $64,815,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 380 | $82,370,000 | $216,763 |
| 60-80% | 296 | $55,310,000 | $186,858 |
| 40-60% | 110 | $16,140,000 | $146,727 |
| 20-40% | 96 | $7,710,000 | $80,313 |
| Under 20% | 56 | $1,990,000 | $35,536 |
| Over 100% | 5 | $1,435,000 | $287,000 |
Oneonta's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 380 originations, totaling $82,370,000 in origination value.