Seneca Falls Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Seneca Falls averaged 7.06% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

    The average rate for the prior week (2023-11-16) was 6.91% and one month ago for the week of 2023-10-19, the average rate was 7.1%.

    Seneca Falls's average rate one year ago was 6.38%.

    For refis of the same type during the week of 2023-11-22, the average rate was 7.29%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-22 7.29%
    Seneca Falls 30 Year Fixed Rate 2023-11-22 7.06%
    Seneca Falls 30 Year Fixed Rate Refi 2023-11-22 7.29%
    Seneca Falls 15 Year Fixed Rate 2023-11-22 6.47%
    Seneca Falls 15 Year Fixed Rate Refi 2023-11-22 7.27%
    Seneca Falls 30 Year FHA 2023-11-22 0.1%
    Seneca Falls 30 Year FHA Refi 2023-11-22 -0.1%
    Seneca Falls 30 Year USDA 2023-11-22 0.2%
    Seneca Falls 30 Year USDA Refi 2023-11-22 0.2%
    Seneca Falls 30 Year VA 2023-11-22 -0.1%
    Seneca Falls 30 Year VA Refi 2023-11-22 0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Seneca Falls, NY.

    Seneca Falls 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 Seneca Falls, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    The Lyons National Bank 51 4.75% $4,975
    Community Bank 20 5.19% $647
    QUICKEN LOANS, LLC 12 5.15% $6,914
    Premium Mortgage Corporation 12 4.77% $3,318
    CFCU Community Credit Union 11 3.93% $0
    Farm Credit East, ACA 10 5.30% $5,260
    Tompkins Trust Company 9 4.79% $3,324
    Five Star Bank 7 5.45% $3,279
    UNITED WHOLESALE MORTGAGE, LLC 7 4.96% $6,114
    Genesee Regional Bank 6 4.71% $4,080
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 4.97% $4,123
    1ST PRIORITY MORTGAGE, INC. 3 5.29% $3,812
    HUNT MORTGAGE CORPORATION 3 6.67% $6,479
    HOME TOWN FUNDING, INC. 2 4.00% $3,325
    ROYAL UNITED MORTGAGE LLC 2 5.44% $6,510
    Chemung Canal Trust Company 2 5.81% $620
    NAVY FEDERAL CREDIT UNION 2 4.69% $2,923
    M&T Bank 2 5.19% $5,164
    U.S. Bank 2 4.44% $4,556
    ESL Federal Credit Union 2 4.25% $4,305
    Mr. Cooper ( Nationstar Mortgage ) 2 5.81% $7,628
    KeyBank 2 4.13% $3,293
    Geddes Federal Savings and Loan Association 2 4.50% $10,936
    LAND HOME FINANCIAL SERVICES, INC. 1 3.88% $5,546
    AMERICU Credit Union 1 5.50% $3,103
    ARC HOME LLC 1 4.88% $12,939
    CCFCU FUNDING, LLC 1 5.38% $4,722
    Charles Schwab Bank, SSB 1 4.30% $4,288
    Citizens Bank 1 3.13% $3,568
    CNB Bank 1 4.75% $4,794
    CORNING 1 4.88% $2,436
    FREEDOM MORTGAGE CORPORATION 1 3.50% $1,840
    HOMESTEAD FUNDING CORP. 1 7.38% $4,263
    JPMorgan Chase Bank 1 5.50% $9,745
    LOANDEPOT.COM, LLC 1 5.75% $4,507
    MOVEMENT MORTGAGE, LLC 1 3.19% $4,350
    PARAGON HOME LOANS INC. 1 4.50% $18,426
    Pathfinder Bank 1 5.63% $2,316
    PLAZA HOME MORTGAGE, INC. 1 5.50% $5,643
    Raymond James Bank 1 4.63% $8,747
    RELIANCE FIRST CAPITAL, LLC 1 3.75% $20,265
    RELIANT COMMUNITY FEDERAL CREDIT UNION 1 5.25% $4,286
    US MORTGAGE CORPORATION 1 6.13% $7,085
    York Traditions Bank 1 6.88% $3,871

    Seneca Falls Average Closing Costs & Other Stats

    Seneca Falls, NY's 44 lenders originated 596 loans during 2022. The total origination value was $94,500,000, with an average loan value of $158,557.

    Seneca Falls's average closing costs are $4,080.

    The top Seneca Falls lender as defined by loan originations is The Lyons National Bank, with 51 loans originated. Their average total fees are $4,975, which is $4,328 higher than the next largest lender, Community Bank.

    The lowest fee Seneca Falls lenders (with over 10 loans originated) are CFCU Community Credit Union ($0), Community Bank ($647), Premium Mortgage Corporation ($3,318), The Lyons National Bank ($4,975) and Farm Credit East, ACA ($5,260).

    The lowest rate Seneca Falls lenders (with over 10 loans originated) are CFCU Community Credit Union (3.93%), The Lyons National Bank (4.75%), Premium Mortgage Corporation (4.77%), QUICKEN LOANS, LLC (5.15%) and Community Bank (5.19%).

    Seneca Falls, 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
    The Lyons National Bank $23,205,000 $16,525,000 -28.8% 17.5%
    Community Bank $7,755,000 $7,930,000 2.3% 8.4%
    QUICKEN LOANS, LLC $8,755,000 $5,835,000 -33.4% 6.2%
    Tompkins Trust Company $5,980,000 $4,445,000 -25.7% 4.7%
    Premium Mortgage Corporation $1,450,000 $4,315,000 197.6% 4.6%
    HOME TOWN FUNDING, INC. $3,500,000 $3,995,000 14.1% 4.2%
    CFCU Community Credit Union $1,825,000 $3,070,000 68.2% 3.2%
    Generations Bank $2,335,000 $2,760,000 18.2% 2.9%
    Farm Credit East, ACA $1,165,000 $2,615,000 124.5% 2.8%
    Five Star Bank $4,205,000 $2,615,000 -37.8% 2.8%
    ESL Federal Credit Union $2,495,000 $2,485,000 -0.4% 2.6%
    Wayne Bank $6,690,000 $2,100,000 -68.6% 2.2%
    PLAZA HOME MORTGAGE, INC. $3,570,000 $1,975,000 -44.7% 2.1%
    Geddes Federal Savings and Loan Association $155,000 $1,605,000 935.5% 1.7%
    FINGER LAKES $1,455,000 $1,510,000 3.8% 1.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,680,000 $1,445,000 -14.0% 1.5%
    PARAGON HOME LOANS INC. $575,000 $1,405,000 144.3% 1.5%
    U.S. Bank $600,000 $1,330,000 121.7% 1.4%
    M&T Bank $2,595,000 $1,250,000 -51.8% 1.3%
    Genesee Regional Bank $1,665,000 $1,185,000 -28.8% 1.3%
    Raymond James Bank $1,005,000 n/a 1.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,160,000 $995,000 -14.2% 1.1%
    Chemung Canal Trust Company $165,000 $955,000 478.8% 1.0%
    THE SUMMIT Federal Credit Union $2,525,000 $880,000 -65.1% 0.9%
    Tioga State Bank $795,000 $880,000 10.7% 0.9%
    1ST PRIORITY MORTGAGE, INC. $2,060,000 $845,000 -59.0% 0.9%
    Evans Bank $825,000 n/a 0.9%
    RELIANT COMMUNITY FEDERAL CREDIT UNION $990,000 $810,000 -18.2% 0.9%
    Charles Schwab Bank, SSB $775,000 n/a 0.8%
    Citizens Bank $1,400,000 $725,000 -48.2% 0.8%
    CORNING $1,310,000 $695,000 -46.9% 0.7%
    JPMorgan Chase Bank $1,070,000 $680,000 -36.4% 0.7%
    AMERICU Credit Union $5,000 $625,000 12,400.0% 0.7%
    KeyBank $1,255,000 $530,000 -57.8% 0.6%
    CNB Bank $505,000 n/a 0.5%
    MOVEMENT MORTGAGE, LLC $250,000 $500,000 100.0% 0.5%
    The Canandaigua National Bank and Trust Company $265,000 $475,000 79.2% 0.5%
    RELIANCE FIRST CAPITAL, LLC $145,000 $460,000 217.2% 0.5%
    ROYAL UNITED MORTGAGE LLC $295,000 $460,000 55.9% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $345,000 $455,000 31.9% 0.5%
    Elmira Savings Bank $3,565,000 $440,000 -87.7% 0.5%
    HUNT MORTGAGE CORPORATION $75,000 $435,000 480.0% 0.5%
    AMERICAN FINANCIAL RESOURCES, INC. $255,000 $430,000 68.6% 0.5%
    FREEDOM MORTGAGE CORPORATION $975,000 $400,000 -59.0% 0.4%
    Bank of America $2,915,000 $380,000 -87.0% 0.4%
    ARC HOME LLC $375,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $350,000 n/a 0.4%
    STATE EMPLOYEES FEDERAL CREDIT UNION $335,000 n/a 0.4%
    Pathfinder Bank $325,000 n/a 0.3%
    Wells Fargo Bank $1,765,000 $320,000 -81.9% 0.3%
    CCFCU FUNDING, LLC $305,000 n/a 0.3%
    PNC Bank $785,000 $305,000 -61.1% 0.3%
    PREMIA MORTGAGE, LLC $285,000 n/a 0.3%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $410,000 $275,000 -32.9% 0.3%
    York Traditions Bank $385,000 $275,000 -28.6% 0.3%
    First Federal Bank $205,000 $255,000 24.4% 0.3%
    CMG MORTGAGE, INC. $225,000 n/a 0.2%
    CREDIT HUMAN FEDERAL CREDIT UNION $25,000 $220,000 780.0% 0.2%
    LAND HOME FINANCIAL SERVICES, INC. $115,000 $215,000 87.0% 0.2%
    UBS Bank USA $205,000 n/a 0.2%
    HOMESTEAD FUNDING CORP. $90,000 $195,000 116.7% 0.2%
    Third Federal Savings and Loan Association of Cleveland $205,000 $190,000 -7.3% 0.2%
    Mortgage Research Center, LLC $765,000 $185,000 -75.8% 0.2%
    Bank of England $175,000 n/a 0.2%
    UTILITIES EMPLOYEES CREDIT UNION $145,000 $160,000 10.3% 0.2%
    Advantage Federal Credit Union $155,000 n/a 0.2%
    Empower Federal Credit Union $585,000 $155,000 -73.5% 0.2%
    LOANDEPOT.COM, LLC $815,000 $135,000 -83.4% 0.1%
    US MORTGAGE CORPORATION $135,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $125,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $280,000 $125,000 -55.4% 0.1%
    INLAND BANK & TRUST $125,000 n/a 0.1%
    HOME POINT FINANCIAL CORPORATION $115,000 n/a 0.1%
    A&D Mortgage LLC $95,000 n/a 0.1%
    Alternatives Federal Credit Union $150,000 $95,000 -36.7% 0.1%
    Carrington Mortgage Services, LLC $95,000 n/a 0.1%
    Equity Prime Mortgage LLC $95,000 n/a 0.1%
    SEFCU SERVICES, LLC $275,000 $95,000 -65.5% 0.1%
    TOGETHER CREDIT UNION $85,000 n/a 0.1%
    FAMILY FIRST OF NY $75,000 n/a 0.1%
    Flagstar Bank, FSB $65,000 n/a 0.1%
    SUNMARK FEDERAL CREDIT UNION $45,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $225,000 $35,000 -84.4% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $35,000 n/a 0.0%

    Seneca Falls's top lender by overall market share is The Lyons National Bank, with 17.5% market share. In second place, with 8.4%, is Community Bank, having originated $7,930,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $5,835,000 in loans. In fourth place, with 4.7%, is Tompkins Trust Company, having originated $4,445,000 in loans. In fifth place, with 4.6%, is Premium Mortgage Corporation, having originated $4,315,000 in loans.

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

    Realtor.com - Seneca Falls (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 $141,000 (-2.7%) $190,661 (-22.1%) 0.00 111
    2018-02-01 $127,400 (-20.1%) $182,792 (-26.8%) 0.00 104
    2018-03-01 $140,450 (-27.8%) $185,775 (-35.6%) 0.00 104
    2018-04-01 $167,700 (-15.9%) $223,447 (-12.9%) 0.00 106
    2018-05-01 $191,725 (-8.5%) $252,487 (-0.4%) 0.00 112
    2018-06-01 $199,900 (0.2%) $252,305 (1.1%) 0.00 110
    2018-07-01 $208,450 (10.3%) $265,996 (9.8%) 0.00 108
    2018-08-01 $193,450 (4.9%) $241,876 (1.9%) 0.00 119
    2018-09-01 $179,900 (-1.1%) $233,539 (-3.0%) 0.00 118
    2018-10-01 $183,825 (3.1%) $269,077 (16.4%) 0.00 108
    2018-11-01 $177,175 (10.8%) $265,506 (17.3%) 0.00 114
    2018-12-01 $144,993 (-3.3%) $251,255 (20.2%) 0.00 106
    2019-01-01 $139,350 (-1.2%) $252,936 (32.7%) 0.00 103
    2019-02-01 $150,475 (18.1%) $261,146 (42.9%) 0.00 92
    2019-03-01 $164,429 (17.1%) $262,359 (41.2%) 0.00 88
    2019-04-01 $177,179 (5.7%) $261,175 (16.9%) 0.00 87
    2019-05-01 $203,650 (6.2%) $272,652 (8.0%) 0.00 93
    2019-06-01 $199,900 (0.0%) $302,243 (19.8%) 0.00 91
    2019-07-01 $192,450 (-7.7%) $316,909 (19.1%) 0.00 96
    2019-08-01 $188,536 (-2.5%) $319,895 (32.3%) 0.00 93
    2019-09-01 $186,491 (3.7%) $328,719 (40.8%) 0.00 91
    2019-10-01 $185,127 (0.7%) $336,577 (25.1%) 0.00 87
    2019-11-01 $175,400 (-1.0%) $327,192 (23.2%) 0.00 79
    2019-12-01 $169,200 (16.7%) $294,311 (17.1%) 0.00 75
    2020-01-01 $159,900 (14.8%) $270,887 (7.1%) 0.00 66
    2020-02-01 $150,750 (0.2%) $261,954 (0.3%) 0.00 71
    2020-03-01 $171,200 (4.1%) $292,083 (11.3%) 0.00 77
    2020-04-01 $171,200 (-3.4%) $288,625 (10.5%) 0.00 73
    2020-05-01 $177,700 (-12.7%) $287,081 (5.3%) 0.00 72
    2020-06-01 $184,500 (-7.7%) $316,040 (4.6%) 0.00 57
    2020-07-01 $194,450 (1.0%) $331,721 (4.7%) 0.00 52
    2020-08-01 $175,000 (-7.2%) $317,628 (-0.7%) 0.00 49
    2020-09-01 $172,400 (-7.6%) $318,692 (-3.1%) 0.00 49
    2020-10-01 $137,068 (-26.0%) $256,342 (-23.8%) 0.00 51
    2020-11-01 $141,909 (-19.1%) $250,352 (-23.5%) 0.00 47
    2020-12-01 $134,900 (-20.3%) $242,870 (-17.5%) 0.00 46
    2021-01-01 $132,000 (-17.5%) $279,126 (3.0%) 0.00 39
    2021-02-01 $130,950 (-13.1%) $308,262 (17.7%) 0.00 29
    2021-03-01 $152,400 (-11.0%) $367,607 (25.9%) 0.00 28
    2021-04-01 $139,900 (-18.3%) $341,496 (18.3%) 0.00 24
    2021-05-01 $154,900 (-12.8%) $348,315 (21.3%) 0.00 24
    2021-06-01 $177,450 (-3.8%) $396,036 (25.3%) 0.00 36
    2021-07-01 $175,000 (-10.0%) $473,054 (42.6%) 0.00 45
    2021-08-01 $198,475 (13.4%) $347,538 (9.4%) 0.00 38
    2021-09-01 $214,900 (24.7%) $346,756 (8.8%) 0.00 34
    2021-10-01 $203,725 (48.6%) $370,401 (44.5%) 0.00 31
    2021-11-01 $205,725 (45.0%) $319,277 (27.5%) 0.00 32
    2021-12-01 $167,450 (24.1%) $260,685 (7.3%) 0.00 23
    2022-01-01 $124,900 (-5.4%) $189,996 (-31.9%) 0.00 21
    2022-02-01 $135,400 (3.4%) $209,335 (-32.1%) 0.00 19
    2022-03-01 $145,750 (-4.4%) $196,623 (-46.5%) 0.00 26
    2022-04-01 $179,400 (28.2%) $291,045 (-14.8%) 0.00 31
    2022-05-01 $219,675 (41.8%) $295,883 (-15.1%) 0.00 28
    2022-06-01 $255,950 (44.2%) $379,112 (-4.3%) 0.00 37
    2022-07-01 $219,900 (25.7%) $322,280 (-31.9%) 0.00 36
    2022-08-01 $157,475 (-20.7%) $303,882 (-12.6%) 0.00 41
    2022-09-01 $149,900 (-30.3%) $236,889 (-31.7%) 0.00 36
    2022-10-01 $155,900 (-23.5%) $282,258 (-23.8%) 0.00 35
    2022-11-01 $158,900 (-22.8%) $333,722 (4.5%) 0.00 37
    2022-12-01 $165,900 (-0.9%) $345,439 (32.5%) 0.00 32
    2023-01-01 $164,950 (32.1%) $300,018 (57.9%) 0.00 28
    2023-02-01 $171,700 (26.8%) $312,691 (49.4%) 0.00 25
    2023-03-01 $192,200 (31.9%) $356,878 (81.5%) 0.00 26
    2023-04-01 $239,900 (33.7%) $416,195 (43.0%) 0.00 31
    2023-05-01 $339,750 (54.7%) $488,846 (65.2%) 0.00 31
    2023-06-01 $385,250 (50.5%) $500,950 (32.1%) 0.00 33
    2023-07-01 $299,000 (36.0%) $471,683 (46.4%) 0.00 38
    2023-08-01 $284,950 (81.0%) $453,279 (49.2%) 0.00 44
    2023-09-01 $252,450 (68.4%) $422,675 (78.4%) 0.00 50
    2023-10-01 $244,950 (57.1%) $392,434 (39.0%) 0.00 54
    Seneca Falls's median listing price for 2023-10-01 was $244,950, a difference of $89,050 (57.1%) versus the prior year and $-7,500 versus the prior month.

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

    Seneca Falls's average listing price for 2023-10-01 was $392,434, a difference of $110,176 (39.0%) versus the prior year and $-30,241 versus the prior month.

    For the 2023-10-01 period, Seneca Falls had 54 MLS listings, a difference of 4 listings (8%) versus the prior month and 19 listings (54%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Seneca Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,750 sqft
    2018-02-01 0 days 1,669 sqft
    2018-03-01 0 days 1,660 sqft
    2018-04-01 0 days 1,704 sqft
    2018-05-01 0 days 1,764 sqft
    2018-06-01 0 days 1,700 sqft
    2018-07-01 0 days 1,849 sqft
    2018-08-01 0 days 1,787 sqft
    2018-09-01 0 days 1,787 sqft
    2018-10-01 0 days 1,746 sqft
    2018-11-01 0 days 1,746 sqft
    2018-12-01 0 days 1,704 sqft
    2019-01-01 0 days 1,701 sqft
    2019-02-01 0 days 1,703 sqft
    2019-03-01 0 days 1,699 sqft
    2019-04-01 0 days 1,699 sqft
    2019-05-01 0 days 1,734 sqft
    2019-06-01 0 days 1,827 sqft
    2019-07-01 0 days 1,754 sqft
    2019-08-01 0 days 1,796 sqft
    2019-09-01 0 days 1,772 sqft
    2019-10-01 0 days 1,753 sqft
    2019-11-01 0 days 1,768 sqft
    2019-12-01 0 days 1,707 sqft
    2020-01-01 0 days 1,681 sqft
    2020-02-01 0 days 1,691 sqft
    2020-03-01 0 days 1,730 sqft
    2020-04-01 0 days 1,760 sqft
    2020-05-01 0 days 1,752 sqft
    2020-06-01 0 days 1,776 sqft
    2020-07-01 0 days 1,970 sqft
    2020-08-01 0 days 1,900 sqft
    2020-09-01 0 days 1,877 sqft
    2020-10-01 0 days 1,792 sqft
    2020-11-01 0 days 1,690 sqft
    2020-12-01 0 days 1,679 sqft
    2021-01-01 0 days 1,792 sqft
    2021-02-01 0 days 1,823 sqft
    2021-03-01 0 days 1,667 sqft
    2021-04-01 0 days 1,665 sqft
    2021-05-01 0 days 1,701 sqft
    2021-06-01 0 days 1,809 sqft
    2021-07-01 0 days 1,820 sqft
    2021-08-01 0 days 1,898 sqft
    2021-09-01 0 days 1,799 sqft
    2021-10-01 0 days 1,885 sqft
    2021-11-01 0 days 1,870 sqft
    2021-12-01 0 days 1,879 sqft
    2022-01-01 0 days 1,733 sqft
    2022-02-01 0 days 1,783 sqft
    2022-03-01 0 days 1,645 sqft
    2022-04-01 0 days 1,602 sqft
    2022-05-01 0 days 1,821 sqft
    2022-06-01 0 days 1,723 sqft
    2022-07-01 0 days 1,616 sqft
    2022-08-01 0 days 1,439 sqft
    2022-09-01 0 days 1,438 sqft
    2022-10-01 0 days 1,530 sqft
    2022-11-01 0 days 1,794 sqft
    2022-12-01 0 days 1,748 sqft
    2023-01-01 0 days 1,469 sqft
    2023-02-01 0 days 1,712 sqft
    2023-03-01 0 days 1,867 sqft
    2023-04-01 0 days 1,913 sqft
    2023-05-01 0 days 1,857 sqft
    2023-06-01 0 days 1,897 sqft
    2023-07-01 0 days 1,888 sqft
    2023-08-01 0 days 1,918 sqft
    2023-09-01 0 days 1,705 sqft
    2023-10-01 0 days 1,670 sqft
    Seneca Falls's median listing age (time on market) for 2023-10-01 was 0 days.

    Seneca Falls's median square footage for active listings during the 2023-10-01 period was 1,670 sqft. One year prior, the average listing was 1,530 sqft.

    Seneca Falls, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 297 $55,955,000 $188,401
    Home Improvement 101 $9,095,000 $90,050
    Cash Out Refi 93 $15,795,000 $169,839
    Refi 60 $7,990,000 $133,167
    Other 45 $5,665,000 $125,889

    Seneca Falls's most frequently cited loan purpose was Home Purchase, with 297 originations. The 2nd most popular reason was Home Improvement, with 101 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 144 $24,100,000 $167,361
    3-4% 134 $19,380,000 $144,627
    4-5% 116 $24,500,000 $211,207
    6-7% 44 $7,450,000 $169,318
    <2.5% 40 $4,250,000 $106,250
    2.5-3% 28 $4,350,000 $155,357
    7-8% 20 $1,720,000 $86,000
    Over 8% 8 $490,000 $61,250

    During 2022, Seneca Falls's most frequently originated rate bucket was 5-6%, with 144 originations.

    Loan Sizing (Seneca Falls, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 233 $33,115,000 $142,124
    $100,000 or less 232 $13,460,000 $58,017
    $200k-400k 92 $24,630,000 $267,717
    $400k-600k 28 $13,540,000 $483,571
    $600k-1000k 7 $5,225,000 $746,429
    $Over $1MM 4 $4,530,000 $1,132,500

    Seneca Falls's loan sizing saw the bucket of loans from $100k-200k with 233 originations, totaling $33,115,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 218 $44,200,000 $202,752
    60-80% 124 $23,930,000 $192,984
    20-40% 74 $6,070,000 $82,027
    40-60% 69 $10,035,000 $145,435
    Under 20% 48 $1,870,000 $38,958
    Over 100% 1 $135,000 $135,000

    Seneca Falls's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 218 originations, totaling $44,200,000 in origination value.