SYRACUSE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Syracuse averaged
6.61%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.94% and
one month ago for the week of 2025-05-15, the
average rate was 6.61%.
Syracuse's average rate one year ago was 7.05%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.3%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Syracuse 30 Year Fixed Rate | 2025-06-18 | 6.61% |
| Syracuse 30 Year Fixed Rate Refi | 2025-06-18 | 7.3% |
| Syracuse 15 Year Fixed Rate | 2025-06-18 | 6.32% |
| Syracuse 15 Year Fixed Rate Refi | 2025-06-18 | 7.34% |
| Syracuse 30 Year FHA | 2025-06-18 | 0.12% |
| Syracuse 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Syracuse 30 Year USDA | 2025-06-18 | -0.1% |
| Syracuse 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Syracuse 30 Year VA | 2025-06-18 | 0.11% |
| Syracuse 30 Year VA Refi | 2025-06-18 | -0.2% |
SYRACUSE 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 SYRACUSE, 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.).
SYRACUSE Average Closing Costs & Other Stats
SYRACUSE, NY's 129 lenders originated 10,929
loans during 2024. The total origination value was $2,025,735,000, with an average loan value of
$185,354.
SYRACUSE's average closing costs are $4,569.
The top SYRACUSE lender as defined by loan originations is Empower Federal Credit Union, with
544 loans originated. Their average total fees are
$3,083, which is $700
lower than the next largest lender,
SEFCU SERVICES, LLC.
The lowest fee SYRACUSE lenders (with over 10 loans originated) are
CFCU Community Credit Union ($508), Community Bank ($829), Empower Federal Credit Union ($3,083), SECNY Federal Credit Union ($3,339) and Bank of America ($3,403).
The lowest rate SYRACUSE lenders (with over 10 loans originated) are
SEFCU SERVICES, LLC (6.11%), CFCU Community Credit Union (6.13%), NBT Bank (6.15%), Bank of America (6.21%) and Geddes Federal Savings and Loan Association (6.30%).
SYRACUSE, 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 |
|---|---|---|---|---|
| Empower Federal Credit Union | $250,885,000 | $257,725,000 | 2.7% | 12.7% |
| AMERICU Credit Union | $91,510,000 | $108,565,000 | 18.6% | 5.4% |
| QUICKEN LOANS, LLC | $73,120,000 | $102,875,000 | 40.7% | 5.1% |
| SEFCU SERVICES, LLC | $96,375,000 | $84,015,000 | -12.8% | 4.1% |
| M&T Bank | $50,475,000 | $64,285,000 | 27.4% | 3.2% |
| MOVEMENT MORTGAGE, LLC | $58,270,000 | $63,800,000 | 9.5% | 3.1% |
| Geddes Federal Savings and Loan Association | $71,745,000 | $63,655,000 | -11.3% | 3.1% |
| EVERETT FINANCIAL, INC. | $57,660,000 | n/a | 2.8% | |
| Community Bank | $59,095,000 | $53,780,000 | -9.0% | 2.7% |
| NBT Bank | $85,790,000 | $50,955,000 | -40.6% | 2.5% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $50,655,000 | n/a | 2.5% | |
| HUNT MORTGAGE CORPORATION | $43,715,000 | $50,510,000 | 15.5% | 2.5% |
| HOMESTEAD FUNDING CORP. | $39,800,000 | $44,675,000 | 12.2% | 2.2% |
| Solvay Bank | $44,240,000 | $42,720,000 | -3.4% | 2.1% |
| Tompkins Trust Company | $56,700,000 | $38,420,000 | -32.2% | 1.9% |
| Genesee Regional Bank | $57,040,000 | $37,705,000 | -33.9% | 1.9% |
| GREYSTONE SERVICING COMPANY LLC | $60,445,000 | $35,070,000 | -42.0% | 1.7% |
| KeyBank | $49,005,000 | $33,005,000 | -32.6% | 1.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $26,960,000 | $27,920,000 | 3.6% | 1.4% |
| Fulton Savings Bank | $26,245,000 | $27,140,000 | 3.4% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $5,485,000 | $26,335,000 | 380.1% | 1.3% |
| Pathfinder Bank | $36,750,000 | $25,105,000 | -31.7% | 1.2% |
| Citizens Bank | $28,160,000 | $24,905,000 | -11.6% | 1.2% |
| PLAZA HOME MORTGAGE, INC. | $35,695,000 | $23,715,000 | -33.6% | 1.2% |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $16,460,000 | $19,835,000 | 20.5% | 1.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $14,275,000 | $19,545,000 | 36.9% | 1.0% |
| NORTHERN CREDIT UNION | $9,205,000 | $19,240,000 | 109.0% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $15,005,000 | $18,805,000 | 25.3% | 0.9% |
| Premium Mortgage Corporation | $17,640,000 | $18,725,000 | 6.2% | 0.9% |
| JPMorgan Chase Bank | $13,175,000 | $17,320,000 | 31.5% | 0.9% |
| Mortgage Research Center, LLC | $18,155,000 | $16,635,000 | -8.4% | 0.8% |
| Merchants Bank of Indiana | $16,025,000 | n/a | 0.8% | |
| Bank of America | $15,185,000 | $15,250,000 | 0.4% | 0.8% |
| Arbor Realty Trust, Inc. | $34,990,000 | $13,895,000 | -60.3% | 0.7% |
| The Lyons National Bank | $11,525,000 | $13,240,000 | 14.9% | 0.7% |
| 1ST PRIORITY MORTGAGE, INC. | $23,400,000 | $13,005,000 | -44.4% | 0.6% |
| Wayne Bank | $930,000 | $12,235,000 | 1,215.6% | 0.6% |
| Berkshire Bank | $7,650,000 | $11,710,000 | 53.1% | 0.6% |
| Seneca Savings | $12,620,000 | $11,475,000 | -9.1% | 0.6% |
| SECNY Federal Credit Union | $13,595,000 | $10,585,000 | -22.1% | 0.5% |
| USAA Federal Savings Bank | $4,375,000 | $10,100,000 | 130.9% | 0.5% |
| LOANDEPOT.COM, LLC | $6,755,000 | $9,655,000 | 42.9% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $8,115,000 | $8,870,000 | 9.3% | 0.4% |
| M&T Realty Capital Corporation | $22,105,000 | $8,355,000 | -62.2% | 0.4% |
| THE SUMMIT Federal Credit Union | $9,110,000 | $7,845,000 | -13.9% | 0.4% |
| Farm Credit East, ACA | $7,360,000 | $7,475,000 | 1.6% | 0.4% |
| Citibank | $2,080,000 | $7,200,000 | 246.2% | 0.4% |
| VISIONS | $9,205,000 | $6,650,000 | -27.8% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $4,825,000 | $6,510,000 | 34.9% | 0.3% |
| NEWREZ LLC | $2,840,000 | $6,390,000 | 125.0% | 0.3% |
| CARDINAL FINANCIAL | $1,450,000 | $6,090,000 | 320.0% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $3,105,000 | $5,815,000 | 87.3% | 0.3% |
| PARAGON HOME LOANS INC. | $63,795,000 | $5,615,000 | -91.2% | 0.3% |
| The Bank of Greene County | $5,605,000 | n/a | 0.3% | |
| RELIANCE FIRST CAPITAL, LLC | $3,495,000 | $5,595,000 | 60.1% | 0.3% |
| OSWEGO COUNTY | $8,975,000 | $5,505,000 | -38.7% | 0.3% |
| Discover Bank | $2,125,000 | $5,500,000 | 158.8% | 0.3% |
| Adirondack Bank | $3,045,000 | $5,070,000 | 66.5% | 0.3% |
| Wells Fargo Bank | $13,705,000 | $4,965,000 | -63.8% | 0.2% |
| HOME TOWN FUNDING, INC. | $4,465,000 | $4,390,000 | -1.7% | 0.2% |
| CFCU Community Credit Union | $4,935,000 | $4,175,000 | -15.4% | 0.2% |
| Union Savings Bank | $4,005,000 | n/a | 0.2% | |
| TRIAD FINANCIAL SERVICES, INC. | $2,425,000 | $3,810,000 | 57.1% | 0.2% |
| ORIX REAL ESTATE CAPITAL, LLC | $15,195,000 | $3,725,000 | -75.5% | 0.2% |
| FM Home Loans, LLC | $3,595,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $3,310,000 | n/a | 0.2% | |
| Ukrainian Federal Credit Union | $1,045,000 | $3,285,000 | 214.4% | 0.2% |
| GPO Federal Credit Union | $3,300,000 | $3,210,000 | -2.7% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $2,520,000 | $3,195,000 | 26.8% | 0.2% |
| 21ST MORTGAGE CORPORATION | $5,070,000 | $3,165,000 | -37.6% | 0.2% |
| Goldman Sachs Bank USA | $3,010,000 | n/a | 0.1% | |
| U.S. Bank | $4,710,000 | $2,960,000 | -37.2% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $1,975,000 | $2,915,000 | 47.6% | 0.1% |
| Raymond James Bank | $2,615,000 | n/a | 0.1% | |
| UBS Bank USA | $1,090,000 | $2,540,000 | 133.0% | 0.1% |
| The Federal Savings Bank | $1,400,000 | $2,515,000 | 79.6% | 0.1% |
| Morgan Stanley Private Bank | $5,340,000 | $2,490,000 | -53.4% | 0.1% |
| Stifel Bank and Trust | $930,000 | $2,465,000 | 165.1% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $560,000 | $2,405,000 | 329.5% | 0.1% |
| TD Bank | $7,440,000 | $2,330,000 | -68.7% | 0.1% |
| FIRST SOURCE | $3,565,000 | $2,295,000 | -35.6% | 0.1% |
| Carrington Mortgage Services, LLC | $2,320,000 | $2,215,000 | -4.5% | 0.1% |
| Ally Bank | $950,000 | $2,200,000 | 131.6% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,030,000 | n/a | 0.1% | |
| LIMA ONE CAPITAL, LLC | $4,830,000 | $1,845,000 | -61.8% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $1,780,000 | $1,820,000 | 2.2% | 0.1% |
| Metro City Bank | $1,890,000 | $1,810,000 | -4.2% | 0.1% |
| PNC Bank | $6,980,000 | $1,810,000 | -74.1% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,760,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $135,000 | $1,730,000 | 1,181.5% | 0.1% |
| PLANET HOME LENDING, LLC | $1,695,000 | n/a | 0.1% | |
| Fieldpoint Private Bank & Trust | $1,605,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $1,585,000 | n/a | 0.1% | |
| NBKC BANK | $610,000 | $1,535,000 | 151.6% | 0.1% |
| The Canandaigua National Bank and Trust Company | $1,330,000 | $1,535,000 | 15.4% | 0.1% |
| MID-ISLAND MORTGAGE CORP. | $1,520,000 | n/a | 0.1% | |
| SILVER HILL FUNDING, LLC | $605,000 | $1,460,000 | 141.3% | 0.1% |
| ALLIANT CREDIT UNION | $1,435,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $180,000 | $1,350,000 | 650.0% | 0.1% |
| BNY Mellon | $545,000 | $1,270,000 | 133.0% | 0.1% |
| CLIFFCO, INC. | $785,000 | $1,255,000 | 59.9% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $1,190,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $1,190,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $205,000 | $1,135,000 | 453.7% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,040,000 | $1,095,000 | 5.3% | 0.1% |
| ARC HOME LLC | $1,205,000 | $1,090,000 | -9.5% | 0.1% |
| TOGETHER CREDIT UNION | $330,000 | $1,075,000 | 225.8% | 0.1% |
| A&D Mortgage LLC | $635,000 | $1,045,000 | 64.6% | 0.1% |
| OWNERSCHOICE FUNDING, INCORPORATED | $1,025,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $795,000 | $990,000 | 24.5% | 0.0% |
| LENDINGONE, LLC | $810,000 | $970,000 | 19.8% | 0.0% |
| RF Renovo Management Company, LLC | $965,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $875,000 | $870,000 | -0.6% | 0.0% |
| Magnolia Bank | $865,000 | n/a | 0.0% | |
| First Savings Bank | $2,230,000 | $855,000 | -61.7% | 0.0% |
| MORTGAGE ACCESS CORP. | $345,000 | $800,000 | 131.9% | 0.0% |
| GENERAL ELECTRIC EMPLOYEES FEDERAL CREDIT UNION | $1,790,000 | $795,000 | -55.6% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $710,000 | $780,000 | 9.9% | 0.0% |
| Charles Schwab Bank, SSB | $750,000 | n/a | 0.0% | |
| NJ LENDERS CORP. | $275,000 | $735,000 | 167.3% | 0.0% |
| Northpointe Bank | $705,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $890,000 | $690,000 | -22.5% | 0.0% |
| ALLIED MORTGAGE GROUP, INC. | $285,000 | $670,000 | 135.1% | 0.0% |
| First National Bank of Dryden | $645,000 | $665,000 | 3.1% | 0.0% |
| Chemung Canal Trust Company | $1,400,000 | $655,000 | -53.2% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $1,190,000 | $655,000 | -45.0% | 0.0% |
| First National Bank of Pennsylvania | $275,000 | $650,000 | 136.4% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $640,000 | n/a | 0.0% | |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $255,000 | $635,000 | 149.0% | 0.0% |
| ADVANCIAL | $630,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $940,000 | $615,000 | -34.6% | 0.0% |
| ESL Federal Credit Union | $610,000 | n/a | 0.0% | |
| Flagstar Bank, FSB | $305,000 | $610,000 | 100.0% | 0.0% |
| FAMILY FIRST OF NY | $545,000 | $605,000 | 11.0% | 0.0% |
| Municipal Credit Union | $265,000 | $605,000 | 128.3% | 0.0% |
| First Federal Bank | $600,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $575,000 | n/a | 0.0% | |
| City National Bank | $535,000 | n/a | 0.0% | |
| CONSTRUCTIVE LOANS, LLC | $530,000 | $520,000 | -1.9% | 0.0% |
| The Dime Bank | $515,000 | n/a | 0.0% | |
| EMM LOANS LLC | $495,000 | n/a | 0.0% | |
| Royal Business Bank | $485,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $480,000 | n/a | 0.0% | |
| Quontic Bank | $895,000 | $475,000 | -46.9% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $465,000 | n/a | 0.0% | |
| Carthage Federal Savings and Loan Association | $815,000 | $445,000 | -45.4% | 0.0% |
| AMWEST FUNDING CORP. | $260,000 | $435,000 | 67.3% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $805,000 | $435,000 | -46.0% | 0.0% |
| PREMIA MORTGAGE, LLC | $740,000 | $425,000 | -42.6% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $75,000 | $420,000 | 460.0% | 0.0% |
| STAR ONE CREDIT UNION | $405,000 | n/a | 0.0% | |
| SUFFOLK | $400,000 | n/a | 0.0% | |
| Cathay Bank | $640,000 | $390,000 | -39.1% | 0.0% |
| The Union Bank Company | $370,000 | n/a | 0.0% | |
| INTERSTATE HOME LOAN CENTER, INC. | $365,000 | n/a | 0.0% | |
| Logan Finance Corporation | $330,000 | $365,000 | 10.6% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $500,000 | $345,000 | -31.0% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $335,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $315,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $315,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $315,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $570,000 | $305,000 | -46.5% | 0.0% |
| FirstBank | $175,000 | $300,000 | 71.4% | 0.0% |
| CORNING | $825,000 | $290,000 | -64.8% | 0.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $505,000 | $270,000 | -46.5% | 0.0% |
| First National Bank of America | $270,000 | n/a | 0.0% | |
| Capital Bank | $265,000 | n/a | 0.0% | |
| Northwest Bank | $7,270,000 | $245,000 | -96.6% | 0.0% |
| Savannah Bank | $1,665,000 | $235,000 | -85.9% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $65,000 | $235,000 | 261.5% | 0.0% |
| United Nations Federal Credit Union | $235,000 | n/a | 0.0% | |
| UIF CORPORATION | $655,000 | $230,000 | -64.9% | 0.0% |
| HUDSON HERITAGE | $225,000 | n/a | 0.0% | |
| HUDSON VALLEY CREDIT UNION | $155,000 | $215,000 | 38.7% | 0.0% |
| RELIANT COMMUNITY FEDERAL CREDIT UNION | $435,000 | $215,000 | -50.6% | 0.0% |
| NORWICH COMMERCIAL GROUP, INC. | $205,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $145,000 | $205,000 | 41.4% | 0.0% |
| LENDSURE MORTGAGE CORP. | $185,000 | n/a | 0.0% | |
| Peoples Security Bank and Trust Company | $185,000 | n/a | 0.0% | |
| Baxter Credit Union | $720,000 | $175,000 | -75.7% | 0.0% |
| Figure Lending LLC | $175,000 | n/a | 0.0% | |
| ANDREWS FEDERAL CREDIT UNION | $165,000 | n/a | 0.0% | |
| First IC Corporation | $390,000 | $165,000 | -57.7% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $165,000 | n/a | 0.0% | |
| HARTFORD FUNDING, LTD. | $225,000 | $155,000 | -31.1% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $145,000 | $155,000 | 6.9% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $155,000 | n/a | 0.0% | |
| SERVU FEDERAL CREDIT UNION | $155,000 | n/a | 0.0% | |
| Fifth Third Bank | $125,000 | $145,000 | 16.0% | 0.0% |
| SUNMARK FEDERAL CREDIT UNION | $185,000 | $145,000 | -21.6% | 0.0% |
| Amalgamated Bank | $125,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $125,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $135,000 | $115,000 | -14.8% | 0.0% |
| BOND STREET MORTGAGE, LLC | $235,000 | $115,000 | -51.1% | 0.0% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $600,000 | $105,000 | -82.5% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $105,000 | n/a | 0.0% | |
| MidFirst Bank | $110,000 | $100,000 | -9.1% | 0.0% |
| The People's Credit Union | $90,000 | n/a | 0.0% | |
| The Huntington National Bank | $85,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| CONTOUR MORTGAGE CORPORATION | $720,000 | $75,000 | -89.6% | 0.0% |
| Tioga State Bank | $365,000 | $75,000 | -79.5% | 0.0% |
| Advantage Federal Credit Union | $55,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $55,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $990,000 | $55,000 | -94.4% | 0.0% |
| Five Star Bank | $1,460,000 | $55,000 | -96.2% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $85,000 | $55,000 | -35.3% | 0.0% |
| United States Senate Federal Credit Union | $55,000 | n/a | 0.0% | |
| Ballston Spa National Bank | $45,000 | n/a | 0.0% | |
| GREENWOOD | $35,000 | $45,000 | 28.6% | 0.0% |
| Centier Bank | $160,000 | $35,000 | -78.1% | 0.0% |
| FINGER LAKES | $35,000 | n/a | 0.0% | |
| Nassau Educators Federal Credit Union | $280,000 | $35,000 | -87.5% | 0.0% |
| GHS Federal Credit Union | $55,000 | $25,000 | -54.5% | 0.0% |
SYRACUSE's top lender by overall market share is Empower Federal Credit Union, with 12.7% market share. In second place, with 5.4%, is AMERICU Credit Union, having originated $108,565,000 in loans. In third place, with 5.1%, is QUICKEN LOANS, LLC, having originated $102,875,000 in loans. In fourth place, with 4.1%, is SEFCU SERVICES, LLC, having originated $84,015,000 in loans. In fifth place, with 3.2%, is M&T Bank, having originated $64,285,000 in loans.
SYRACUSE, NY Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,403 | $1,275,575,000 | $236,086 |
| Home Improvement | 1,988 | $156,830,000 | $78,888 |
| Cash Out Refi | 1,381 | $263,835,000 | $191,046 |
| Other | 1,201 | $126,375,000 | $105,225 |
| Refi | 954 | $202,850,000 | $212,631 |
| NA | 2 | $270,000 | $135,000 |
Syracuse's most frequently cited loan purpose was Home Purchase, with 5,403 originations. The 2nd most popular reason was Home Improvement, with 1,988 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 4,089 | $817,705,000 | $199,977 |
| 7-8% | 2,218 | $379,340,000 | $171,028 |
| Over 8% | 2,064 | $242,770,000 | $117,621 |
| 5-6% | 1,364 | $333,690,000 | $244,641 |
| 3-4% | 331 | $45,865,000 | $138,565 |
| 4-5% | 143 | $16,995,000 | $118,846 |
| <2.5% | 49 | $2,815,000 | $57,449 |
| 2.5-3% | 7 | $1,285,000 | $183,571 |
During 2024, Syracuse's most frequently originated rate bucket was 6-7%, with 4,089 originations.
Loan Sizing (SYRACUSE, NY MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 3,871 | $214,145,000 | $55,320 |
| $100k-200k | 3,768 | $550,260,000 | $146,035 |
| $200k-400k | 2,729 | $727,015,000 | $266,403 |
| $400k-600k | 391 | $181,115,000 | $463,210 |
| $600k-1000k | 111 | $79,415,000 | $715,450 |
| $Over $1MM | 59 | $273,785,000 | $4,640,424 |
SYRACUSE's loan sizing saw the bucket of loans from $100,000 or less with 3,871 originations, totaling $214,145,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,418 | $786,590,000 | $230,132 |
| 60-80% | 2,173 | $524,115,000 | $241,194 |
| 20-40% | 1,939 | $181,385,000 | $93,546 |
| Under 20% | 1,490 | $64,410,000 | $43,228 |
| 40-60% | 1,091 | $224,855,000 | $206,100 |
| Over 100% | 77 | $22,705,000 | $294,870 |
SYRACUSE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,418 originations, totaling $786,590,000 in origination value.