Seneca Falls Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Seneca Falls averaged
6.78%
for the week of 2025-05-08, compared to the national average of
6.76% for the same period.
The average rate for the prior week (2025-05-01) was
7.08% and
one month ago for the week of 2025-04-03, the
average rate was 6.86%.
Seneca Falls's average rate one year ago was 7.54%.
For refis of the same type during the week of 2025-05-08, the average rate
was 7.06%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-08 | 6.76% |
| Seneca Falls 30 Year Fixed Rate | 2025-05-08 | 6.78% |
| Seneca Falls 30 Year Fixed Rate Refi | 2025-05-08 | 7.06% |
| Seneca Falls 15 Year Fixed Rate | 2025-05-08 | 5.99% |
| Seneca Falls 15 Year Fixed Rate Refi | 2025-05-08 | 6.19% |
| Seneca Falls 30 Year FHA | 2025-05-08 | 6.38% |
| Seneca Falls 30 Year FHA Refi | 2025-05-08 | 6.58% |
| Seneca Falls 30 Year USDA | 2025-05-08 | 6.27% |
| Seneca Falls 30 Year USDA Refi | 2025-05-08 | 6.67% |
| Seneca Falls 30 Year VA | 2025-05-08 | 6.27% |
| Seneca Falls 30 Year VA Refi | 2025-05-08 | 6.47% |
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.).
Seneca Falls Average Closing Costs & Other Stats
Seneca Falls, NY's 30 lenders originated 446
loans during 2024. The total origination value was $78,570,000, with an average loan value of
$176,166.
Seneca Falls's average closing costs are $4,366.
The top Seneca Falls lender as defined by loan originations is The Lyons National Bank, with
43 loans originated. Their average total fees are
$3,840, which is $2,088
higher than the next largest lender,
Community Bank.
The lowest fee Seneca Falls lenders (with over 10 loans originated) are
Community Bank ($1,752), The Lyons National Bank ($3,840), Premium Mortgage Corporation ($4,101), QUICKEN LOANS, LLC ($5,730) and Genesee Regional Bank ($6,162).
The lowest rate Seneca Falls lenders (with over 10 loans originated) are
Premium Mortgage Corporation (6.62%), The Lyons National Bank (6.97%), Genesee Regional Bank (7.13%), QUICKEN LOANS, LLC (7.15%) and Community Bank (7.41%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| The Lyons National Bank | $12,475,000 | $13,160,000 | 5.5% | 16.7% |
| Tompkins Trust Company | $4,870,000 | $8,310,000 | 70.6% | 10.6% |
| Community Bank | $6,220,000 | $5,765,000 | -7.3% | 7.3% |
| QUICKEN LOANS, LLC | $4,020,000 | $5,555,000 | 38.2% | 7.1% |
| HOME TOWN FUNDING, INC. | $105,000 | $4,690,000 | 4,366.7% | 6.0% |
| Premium Mortgage Corporation | $1,950,000 | $2,870,000 | 47.2% | 3.7% |
| ESL Federal Credit Union | $1,620,000 | $2,590,000 | 59.9% | 3.3% |
| M&T Bank | $1,175,000 | $2,455,000 | 108.9% | 3.1% |
| THE SUMMIT Federal Credit Union | $1,125,000 | $2,400,000 | 113.3% | 3.1% |
| Genesee Regional Bank | $2,975,000 | $2,335,000 | -21.5% | 3.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $975,000 | $1,950,000 | 100.0% | 2.5% |
| Wayne Bank | $1,055,000 | $1,910,000 | 81.0% | 2.4% |
| MOVEMENT MORTGAGE, LLC | $335,000 | $1,745,000 | 420.9% | 2.2% |
| Farm Credit East, ACA | $2,275,000 | $1,730,000 | -24.0% | 2.2% |
| CFCU Community Credit Union | $1,180,000 | $1,380,000 | 16.9% | 1.8% |
| Five Star Bank | $1,575,000 | $1,315,000 | -16.5% | 1.7% |
| FINGER LAKES | $890,000 | $1,290,000 | 44.9% | 1.6% |
| RELIANT COMMUNITY FEDERAL CREDIT UNION | $425,000 | $1,250,000 | 194.1% | 1.6% |
| Tioga State Bank | $365,000 | $1,205,000 | 230.1% | 1.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,350,000 | $1,160,000 | -65.4% | 1.5% |
| 1ST PRIORITY MORTGAGE, INC. | $190,000 | $1,145,000 | 502.6% | 1.5% |
| The Canandaigua National Bank and Trust Company | $485,000 | $875,000 | 80.4% | 1.1% |
| Mortgage Research Center, LLC | $690,000 | $865,000 | 25.4% | 1.1% |
| Bank of America | $1,105,000 | $780,000 | -29.4% | 1.0% |
| PLAZA HOME MORTGAGE, INC. | $1,055,000 | $770,000 | -27.0% | 1.0% |
| KeyBank | $175,000 | $700,000 | 300.0% | 0.9% |
| JPMorgan Chase Bank | $520,000 | $540,000 | 3.8% | 0.7% |
| USAA Federal Savings Bank | $135,000 | $535,000 | 296.3% | 0.7% |
| FIRST HERITAGE FEDERAL CREDIT UNION | $170,000 | $510,000 | 200.0% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $480,000 | n/a | 0.6% | |
| CORNING | $100,000 | $465,000 | 365.0% | 0.6% |
| NEWREZ LLC | $445,000 | n/a | 0.6% | |
| NAVY FEDERAL CREDIT UNION | $680,000 | $440,000 | -35.3% | 0.6% |
| U.S. Bank | $420,000 | n/a | 0.5% | |
| Bethpage Federal Credit Union | $335,000 | n/a | 0.4% | |
| CARDINAL FINANCIAL | $560,000 | $335,000 | -40.2% | 0.4% |
| EVERETT FINANCIAL, INC. | $330,000 | n/a | 0.4% | |
| Discover Bank | $45,000 | $255,000 | 466.7% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $235,000 | n/a | 0.3% | |
| Citizens Bank | $1,045,000 | $225,000 | -78.5% | 0.3% |
| Empower Federal Credit Union | $250,000 | $205,000 | -18.0% | 0.3% |
| Generations Bank | $1,760,000 | $190,000 | -89.2% | 0.2% |
| Chemung Canal Trust Company | $730,000 | $180,000 | -75.3% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $165,000 | $175,000 | 6.1% | 0.2% |
| ROYAL UNITED MORTGAGE LLC | $295,000 | $170,000 | -42.4% | 0.2% |
| Equity Prime Mortgage LLC | $165,000 | n/a | 0.2% | |
| The Federal Savings Bank | $165,000 | n/a | 0.2% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $605,000 | $125,000 | -79.3% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $115,000 | n/a | 0.1% | |
| GPO Federal Credit Union | $105,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $135,000 | $105,000 | -22.2% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $95,000 | n/a | 0.1% | |
| AMERICU Credit Union | $160,000 | $55,000 | -65.6% | 0.1% |
| Savannah Bank | $80,000 | $35,000 | -56.3% | 0.0% |
| VISIONS | $705,000 | $35,000 | -95.0% | 0.0% |
| SERVU FEDERAL CREDIT UNION | $120,000 | $15,000 | -87.5% | 0.0% |
Seneca Falls's top lender by overall market share is The Lyons National Bank, with 16.7% market share. In second place, with 10.6%, is Tompkins Trust Company, having originated $8,310,000 in loans. In third place, with 7.3%, is Community Bank, having originated $5,765,000 in loans. In fourth place, with 7.1%, is QUICKEN LOANS, LLC, having originated $5,555,000 in loans. In fifth place, with 6.0%, is HOME TOWN FUNDING, INC., having originated $4,690,000 in loans.
Seneca Falls, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 231 | $47,795,000 | $206,905 |
| Home Improvement | 80 | $7,650,000 | $95,625 |
| Other | 57 | $4,245,000 | $74,474 |
| Refi | 45 | $12,965,000 | $288,111 |
| Cash Out Refi | 33 | $5,915,000 | $179,242 |
Seneca Falls's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was Home Improvement, with 80 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 165 | $32,425,000 | $196,515 |
| 7-8% | 142 | $27,780,000 | $195,634 |
| Over 8% | 61 | $7,115,000 | $116,639 |
| 5-6% | 29 | $5,975,000 | $206,034 |
| <2.5% | 10 | $390,000 | $39,000 |
| 4-5% | 9 | $665,000 | $73,889 |
| 3-4% | 7 | $855,000 | $122,143 |
During 2024, Seneca Falls's most frequently originated rate bucket was 6-7%, with 165 originations.
Loan Sizing (Seneca Falls, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 173 | $10,075,000 | $58,237 |
| $100k-200k | 160 | $22,650,000 | $141,563 |
| $200k-400k | 88 | $23,040,000 | $261,818 |
| $400k-600k | 10 | $4,880,000 | $488,000 |
| $600k-1000k | 10 | $7,730,000 | $773,000 |
| $Over $1MM | 5 | $10,195,000 | $2,039,000 |
Seneca Falls's loan sizing saw the bucket of loans from $100,000 or less with 173 originations, totaling $10,075,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 172 | $32,980,000 | $191,744 |
| 20-40% | 84 | $7,970,000 | $94,881 |
| 60-80% | 75 | $23,705,000 | $316,067 |
| 40-60% | 54 | $8,740,000 | $161,852 |
| Under 20% | 37 | $1,555,000 | $42,027 |
| Over 100% | 1 | $255,000 | $255,000 |
Seneca Falls's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 172 originations, totaling $32,980,000 in origination value.