Seneca Falls Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Seneca Falls averaged 6.15% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 6.15% and one month ago for the week of 2024-09-05, the average rate was 6.38%.

Seneca Falls's average rate one year ago was 7.72%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.62%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Seneca Falls 30 Year Fixed Rate 2024-10-10 6.15%
Seneca Falls 30 Year Fixed Rate Refi 2024-10-10 6.62%
Seneca Falls 15 Year Fixed Rate 2024-10-10 5.51%
Seneca Falls 15 Year Fixed Rate Refi 2024-10-10 5.81%
Seneca Falls 30 Year FHA 2024-10-10 6%
Seneca Falls 30 Year FHA Refi 2024-10-10 6.2%
Seneca Falls 30 Year USDA 2024-10-10 6.28%
Seneca Falls 30 Year USDA Refi 2024-10-10 6.08%
Seneca Falls 30 Year VA 2024-10-10 6.05%
Seneca Falls 30 Year VA Refi 2024-10-10 5.95%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
The Lyons National Bank 31 6.65% $4,273
Community Bank 19 7.14% $232
QUICKEN LOANS, LLC 9 6.90% $7,440
UNITED WHOLESALE MORTGAGE, LLC 9 6.79% $9,298
Farm Credit East, ACA 8 7.17% $4,400
Genesee Regional Bank 8 6.91% $6,515
Premium Mortgage Corporation 5 6.78% $4,466
Tompkins Trust Company 5 6.13% $4,832
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.42% $6,295
PARAGON HOME LOANS INC. 3 6.58% $6,114
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.87% $5,509
CROSSCOUNTRY MORTGAGE, LLC 3 6.88% $6,463
THE SUMMIT Federal Credit Union 3 6.88% $1,995
CFCU Community Credit Union 3 5.58% $0
Five Star Bank 2 6.69% $3,161
Chemung Canal Trust Company 2 7.19% $2,678
JPMorgan Chase Bank 2 6.93% $4,930
SEFCU SERVICES, LLC 2 4.94% $4,377
Evans Bank 2 6.94% $3,969
ROYAL UNITED MORTGAGE LLC 1 7.63% $5,231
USAA Federal Savings Bank 1 6.00% $5,583
Wayne Bank 1 7.63% $2,354
Wells Fargo Bank 1 6.38% $5,154
PENNYMAC LOAN SERVICES, LLC 1 6.88% $6,608
AMERICAN FINANCING CORPORATION 1 6.88% $7,453
Bank of America 1 6.25% $12,172
Citibank 1 7.63% $5,972
Citizens Bank 1 5.38% $6,680
CLIFFCO, INC. 1 5.88% $5,540
CMG MORTGAGE, INC. 1 7.13% $4,728
ESL Federal Credit Union 1 6.38% $2,653
First Savings Bank 1 6.88% $5,345
Geddes Federal Savings and Loan Association 1 6.38% $4,621
HOMESTEAD FUNDING CORP. 1 6.75% $3,029
KeyBank 1 6.25% $4,659
Mortgage Research Center, LLC 1 7.63% $11,603
MOVEMENT MORTGAGE, LLC 1 7.31% $6,619
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.49% $10,125
Alternatives Federal Credit Union 1 7.38% $5,050
Plains Commerce Bank 1 8.00% $11,938
PLAZA HOME MORTGAGE, INC. 1 6.38% $7,279
RELIANT COMMUNITY FEDERAL CREDIT UNION 1 7.25% $3,286

Seneca Falls Average Closing Costs & Other Stats

Seneca Falls, NY's 42 lenders originated 490 loans during 2023. The total origination value was $70,440,000, with an average loan value of $143,755.

Seneca Falls's average closing costs are $4,268.

The top Seneca Falls lender as defined by loan originations is The Lyons National Bank, with 31 loans originated. Their average total fees are $4,273, which is $4,041 higher than the next largest lender, Community Bank.

The lowest fee Seneca Falls lenders (with over 10 loans originated) are Community Bank ($232), The Lyons National Bank ($4,273), .

The lowest rate Seneca Falls lenders (with over 10 loans originated) are The Lyons National Bank (6.65%), Community Bank (7.14%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
The Lyons National Bank $16,525,000 $12,475,000 -24.5% 17.7%
Community Bank $7,930,000 $6,220,000 -21.6% 8.8%
Tompkins Trust Company $4,445,000 $4,870,000 9.6% 6.9%
QUICKEN LOANS, LLC $5,835,000 $4,020,000 -31.1% 5.7%
UNITED WHOLESALE MORTGAGE, LLC $1,445,000 $3,350,000 131.8% 4.8%
Genesee Regional Bank $1,185,000 $2,975,000 151.1% 4.2%
Farm Credit East, ACA $2,615,000 $2,275,000 -13.0% 3.2%
Premium Mortgage Corporation $4,315,000 $1,950,000 -54.8% 2.8%
Generations Bank $2,760,000 $1,760,000 -36.2% 2.5%
ESL Federal Credit Union $2,485,000 $1,620,000 -34.8% 2.3%
Five Star Bank $2,615,000 $1,575,000 -39.8% 2.2%
CFCU Community Credit Union $3,070,000 $1,180,000 -61.6% 1.7%
M&T Bank $1,250,000 $1,175,000 -6.0% 1.7%
THE SUMMIT Federal Credit Union $880,000 $1,125,000 27.8% 1.6%
Bank of America $380,000 $1,105,000 190.8% 1.6%
PLAZA HOME MORTGAGE, INC. $1,975,000 $1,055,000 -46.6% 1.5%
Wayne Bank $2,100,000 $1,055,000 -49.8% 1.5%
Citizens Bank $725,000 $1,045,000 44.1% 1.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $995,000 $975,000 -2.0% 1.4%
LIMA ONE CAPITAL, LLC $950,000 n/a 1.3%
FINGER LAKES $1,510,000 $890,000 -41.1% 1.3%
CROSSCOUNTRY MORTGAGE, LLC $875,000 n/a 1.2%
PARAGON HOME LOANS INC. $1,405,000 $760,000 -45.9% 1.1%
Chemung Canal Trust Company $955,000 $730,000 -23.6% 1.0%
VISIONS $705,000 n/a 1.0%
Mortgage Research Center, LLC $185,000 $690,000 273.0% 1.0%
PENNYMAC LOAN SERVICES, LLC $685,000 n/a 1.0%
NAVY FEDERAL CREDIT UNION $350,000 $680,000 94.3% 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $605,000 n/a 0.9%
Evans Bank $825,000 $580,000 -29.7% 0.8%
CARDINAL FINANCIAL $560,000 n/a 0.8%
Wells Fargo Bank $320,000 $535,000 67.2% 0.8%
JPMorgan Chase Bank $680,000 $520,000 -23.5% 0.7%
City National Bank $505,000 n/a 0.7%
Geddes Federal Savings and Loan Association $1,605,000 $505,000 -68.5% 0.7%
The Canandaigua National Bank and Trust Company $475,000 $485,000 2.1% 0.7%
Plains Commerce Bank $445,000 n/a 0.6%
RELIANT COMMUNITY FEDERAL CREDIT UNION $810,000 $425,000 -47.5% 0.6%
Tioga State Bank $880,000 $365,000 -58.5% 0.5%
NATIONWIDE MORTGAGE BANKERS, INC. $360,000 n/a 0.5%
MOVEMENT MORTGAGE, LLC $500,000 $335,000 -33.0% 0.5%
Citibank $305,000 n/a 0.4%
SEFCU SERVICES, LLC $95,000 $300,000 215.8% 0.4%
ROYAL UNITED MORTGAGE LLC $460,000 $295,000 -35.9% 0.4%
Empower Federal Credit Union $155,000 $250,000 61.3% 0.4%
Alternatives Federal Credit Union $95,000 $210,000 121.1% 0.3%
CREDIT HUMAN FEDERAL CREDIT UNION $220,000 $210,000 -4.5% 0.3%
STATE EMPLOYEES FEDERAL CREDIT UNION $335,000 $210,000 -37.3% 0.3%
HUNT MORTGAGE CORPORATION $435,000 $205,000 -52.9% 0.3%
1ST PRIORITY MORTGAGE, INC. $845,000 $190,000 -77.5% 0.3%
KeyBank $530,000 $175,000 -67.0% 0.2%
FIRST HERITAGE FEDERAL CREDIT UNION $170,000 n/a 0.2%
TRIAD FINANCIAL SERVICES, INC. $35,000 $165,000 371.4% 0.2%
AMERICU Credit Union $625,000 $160,000 -74.4% 0.2%
AMERICAN FINANCING CORPORATION $155,000 n/a 0.2%
CMG MORTGAGE, INC. $225,000 $155,000 -31.1% 0.2%
HOMESTEAD FUNDING CORP. $195,000 $135,000 -30.8% 0.2%
RELIANCE FIRST CAPITAL, LLC $460,000 $135,000 -70.7% 0.2%
USAA Federal Savings Bank $135,000 n/a 0.2%
Adirondack Bank $125,000 n/a 0.2%
CLIFFCO, INC. $125,000 n/a 0.2%
LOANDEPOT.COM, LLC $135,000 $125,000 -7.4% 0.2%
SERVU FEDERAL CREDIT UNION $120,000 n/a 0.2%
Flagstar Bank, FSB $65,000 $115,000 76.9% 0.2%
Evolve Bank & Trust $105,000 n/a 0.1%
HOME TOWN FUNDING, INC. $3,995,000 $105,000 -97.4% 0.1%
CORNING $695,000 $100,000 -85.6% 0.1%
First Savings Bank $95,000 n/a 0.1%
EMBRACE HOME LOANS, INC. $85,000 n/a 0.1%
Savannah Bank $80,000 n/a 0.1%
Advantage Federal Credit Union $155,000 $75,000 -51.6% 0.1%
KINECTA $75,000 n/a 0.1%
PHH Mortgage Corporation $75,000 n/a 0.1%
CREDIT UNION OF NEW JERSEY $55,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $55,000 n/a 0.1%
Discover Bank $45,000 n/a 0.1%

Seneca Falls's top lender by overall market share is The Lyons National Bank, with 17.7% market share. In second place, with 8.8%, is Community Bank, having originated $6,220,000 in loans. In third place, with 6.9%, is Tompkins Trust Company, having originated $4,870,000 in loans. In fourth place, with 5.7%, is QUICKEN LOANS, LLC, having originated $4,020,000 in loans. In fifth place, with 4.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $3,350,000 in loans.

Seneca Falls, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 231 $43,355,000 $187,684
Home Improvement 82 $6,290,000 $76,707
Cash Out Refi 70 $10,760,000 $153,714
Other 61 $4,595,000 $75,328
Refi 46 $5,440,000 $118,261

Seneca Falls's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was Home Improvement, with 82 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 177 $25,635,000 $144,831
7-8% 117 $19,255,000 $164,573
Over 8% 60 $6,480,000 $108,000
5-6% 56 $10,140,000 $181,071
4-5% 19 $1,685,000 $88,684
<2.5% 18 $960,000 $53,333
3-4% 6 $2,780,000 $463,333

During 2023, Seneca Falls's most frequently originated rate bucket was 6-7%, with 177 originations.

Loan Sizing (Seneca Falls, NY MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 223 $12,405,000 $55,628
$100k-200k 168 $23,720,000 $141,190
$200k-400k 75 $19,685,000 $262,467
$400k-600k 17 $7,785,000 $457,941
$600k-1000k 5 $3,485,000 $697,000
$Over $1MM 2 $3,360,000 $1,680,000

Seneca Falls's loan sizing saw the bucket of loans from $100,000 or less with 223 originations, totaling $12,405,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 178 $31,670,000 $177,921
60-80% 88 $18,020,000 $204,773
20-40% 72 $6,040,000 $83,889
40-60% 60 $8,380,000 $139,667
Under 20% 53 $2,425,000 $45,755
Over 100% 2 $400,000 $200,000

Seneca Falls's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 178 originations, totaling $31,670,000 in origination value.