New York Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in New York averaged
6.81%
for the week of 2025-02-13, compared to the national average of
6.87% for the same period.
The average rate for the prior week (2025-02-06) was
6.43% and
one month ago for the week of 2025-01-09, the
average rate was 6.47%.
New York's average rate one year ago was 6.28%.
For refis of the same type during the week of 2025-02-13, the average rate
was 6.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-02-13 | 6.87% |
| New York 30 Year Fixed Rate | 2025-02-13 | 6.81% |
| New York 30 Year Fixed Rate Refi | 2025-02-13 | 6.97% |
| New York 15 Year Fixed Rate | 2025-02-13 | 6.5% |
| New York 15 Year Fixed Rate Refi | 2025-02-13 | 6.44% |
| New York 30 Year FHA | 2025-02-13 | 6.45% |
| New York 30 Year FHA Refi | 2025-02-13 | 6.18% |
| New York 30 Year USDA | 2025-02-13 | 6.5% |
| New York 30 Year USDA Refi | 2025-02-13 | 6.73% |
| New York 30 Year VA | 2025-02-13 | 6.42% |
| New York 30 Year VA Refi | 2025-02-13 | 6.23% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within New York.
New York 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 New York 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.).
New York Average Closing Costs & Other Stats
New York's 362 lenders originated 202,384
loans during 2023. The total origination value was $84,326,480,000, with an average loan value of
$416,666.
New York's average closing costs are $7,326.
The top New York lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
6,307 loans originated. Their average total fees are
$12,468, which is $3,987
higher than the next largest lender,
JPMorgan Chase Bank.
The lowest fee New York lenders (with over 10 loans originated) are
Discover Bank ($0), CFCU Community Credit Union ($408), Community Bank ($716), SIRVA MORTGAGE, INC. ($1,100) and Gouverneur Savings and Loan Association ($1,297).
The lowest rate New York lenders (with over 10 loans originated) are
First Republic Bank (4.50%), Actors Federal Credit Union (4.58%), First-Citizens Bank & Trust Company (5.13%), GREATER WOODLAWN FEDERAL CREDIT UNION (5.15%) and Raymond James Bank (5.25%).
New York 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 |
|---|---|---|---|---|
| JPMorgan Chase Bank | $12,472,830,000 | $5,509,255,000 | -55.8% | 6.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $4,437,145,000 | $4,230,660,000 | -4.7% | 5.0% |
| Citibank | $5,691,920,000 | $3,748,145,000 | -34.1% | 4.4% |
| Wells Fargo Bank | $9,512,675,000 | $3,639,075,000 | -61.7% | 4.3% |
| Citizens Bank | $4,748,270,000 | $2,756,215,000 | -42.0% | 3.3% |
| QUICKEN LOANS, LLC | $4,399,195,000 | $2,239,090,000 | -49.1% | 2.7% |
| TD Bank | $3,066,340,000 | $2,076,635,000 | -32.3% | 2.5% |
| Bank of America | $5,160,030,000 | $1,975,255,000 | -61.7% | 2.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,926,755,000 | $1,601,750,000 | -16.9% | 1.9% |
| Webster Bank | $1,492,105,000 | $1,388,340,000 | -7.0% | 1.6% |
| Merchants Capital Corp. | $1,257,175,000 | n/a | 1.5% | |
| M&T Bank | $1,960,120,000 | $1,235,550,000 | -37.0% | 1.5% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $135,460,000 | $1,145,825,000 | 745.9% | 1.4% |
| First Republic Bank | $6,469,235,000 | $1,102,800,000 | -83.0% | 1.3% |
| Premium Mortgage Corporation | $1,129,420,000 | $1,028,915,000 | -8.9% | 1.2% |
| Morgan Stanley Private Bank | $2,014,885,000 | $997,240,000 | -50.5% | 1.2% |
| Bethpage Federal Credit Union | $1,701,125,000 | $925,035,000 | -45.6% | 1.1% |
| SEFCU SERVICES, LLC | $700,790,000 | $900,580,000 | 28.5% | 1.1% |
| HOMESTEAD FUNDING CORP. | $1,279,040,000 | $897,475,000 | -29.8% | 1.1% |
| Cathay Bank | $592,360,000 | $871,545,000 | 47.1% | 1.0% |
| CONTOUR MORTGAGE CORPORATION | $916,010,000 | $867,985,000 | -5.2% | 1.0% |
| U.S. Bank | $1,159,010,000 | $776,835,000 | -33.0% | 0.9% |
| East West Bank | $1,344,125,000 | $753,290,000 | -44.0% | 0.9% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,008,825,000 | $751,305,000 | -25.5% | 0.9% |
| PLAZA HOME MORTGAGE, INC. | $524,260,000 | $735,700,000 | 40.3% | 0.9% |
| Valley National Bank | $1,615,755,000 | $725,305,000 | -55.1% | 0.9% |
| Flagstar Bank, FSB | $3,887,605,000 | $704,100,000 | -81.9% | 0.8% |
| Arbor Realty Trust, Inc. | $307,625,000 | $661,780,000 | 115.1% | 0.8% |
| GREYSTONE SERVICING COMPANY LLC | $641,235,000 | $654,040,000 | 2.0% | 0.8% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $931,725,000 | $619,530,000 | -33.5% | 0.7% |
| CARDINAL FINANCIAL | $792,440,000 | $611,400,000 | -22.8% | 0.7% |
| Community Bank | $813,945,000 | $601,220,000 | -26.1% | 0.7% |
| NEWREZ LLC | $312,570,000 | $581,250,000 | 86.0% | 0.7% |
| Ponce Bank | $424,120,000 | $568,250,000 | 34.0% | 0.7% |
| ESL Federal Credit Union | $629,890,000 | $555,210,000 | -11.9% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $92,205,000 | $530,345,000 | 475.2% | 0.6% |
| KeyBank | $1,328,965,000 | $512,035,000 | -61.5% | 0.6% |
| WALKER & DUNLOP, LLC | $858,935,000 | $498,840,000 | -41.9% | 0.6% |
| Plains Commerce Bank | $43,735,000 | $490,080,000 | 1,020.6% | 0.6% |
| MOVEMENT MORTGAGE, LLC | $396,465,000 | $486,370,000 | 22.7% | 0.6% |
| LOANDEPOT.COM, LLC | $2,230,640,000 | $463,005,000 | -79.2% | 0.5% |
| EMBRACE HOME LOANS, INC. | $711,770,000 | $461,390,000 | -35.2% | 0.5% |
| MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. | $522,730,000 | $455,275,000 | -12.9% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $541,755,000 | $446,590,000 | -17.6% | 0.5% |
| BNB Bank | $1,354,615,000 | $427,190,000 | -68.5% | 0.5% |
| FM Home Loans, LLC | $914,485,000 | $414,345,000 | -54.7% | 0.5% |
| GUARANTEED RATE, INC. | $670,795,000 | $406,895,000 | -39.3% | 0.5% |
| A&D Mortgage LLC | $558,190,000 | $388,630,000 | -30.4% | 0.5% |
| The Federal Savings Bank | $562,045,000 | $384,615,000 | -31.6% | 0.5% |
| TEACHERS | $622,580,000 | $381,915,000 | -38.7% | 0.5% |
| STATE EMPLOYEES FEDERAL CREDIT UNION | $366,650,000 | $369,125,000 | 0.7% | 0.4% |
| Barings Multifamily Capital | $363,140,000 | n/a | 0.4% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $531,065,000 | $359,615,000 | -32.3% | 0.4% |
| Nassau Educators Federal Credit Union | $583,925,000 | $358,510,000 | -38.6% | 0.4% |
| Ridgewood Savings Bank | $917,645,000 | $354,060,000 | -61.4% | 0.4% |
| HUDSON VALLEY CREDIT UNION | $501,085,000 | $351,160,000 | -29.9% | 0.4% |
| Five Star Bank | $419,870,000 | $341,795,000 | -18.6% | 0.4% |
| Genesee Regional Bank | $402,040,000 | $341,135,000 | -15.1% | 0.4% |
| NATIONAL COOPERATIVE BANK, N.A. | $825,855,000 | $335,445,000 | -59.4% | 0.4% |
| PNC Bank | $1,048,685,000 | $334,600,000 | -68.1% | 0.4% |
| CLIFFCO, INC. | $326,035,000 | $327,615,000 | 0.5% | 0.4% |
| East Coast Capital Corp. | $366,295,000 | $321,530,000 | -12.2% | 0.4% |
| Empower Federal Credit Union | $383,970,000 | $313,675,000 | -18.3% | 0.4% |
| UNITED NORTHERN MORTGAGE BANKERS LIMITED | $464,670,000 | $311,265,000 | -33.0% | 0.4% |
| BERKADIA COMMERCIAL MORTGAGE LLC | $486,070,000 | $308,745,000 | -36.5% | 0.4% |
| UBS Bank USA | $839,705,000 | $303,735,000 | -63.8% | 0.4% |
| TrustCo Bank | $449,515,000 | $302,570,000 | -32.7% | 0.4% |
| Flushing Bank | $498,570,000 | $301,675,000 | -39.5% | 0.4% |
| NBT Bank | $353,150,000 | $300,690,000 | -14.9% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $892,285,000 | $299,415,000 | -66.4% | 0.4% |
| Tompkins Trust Company | $273,310,000 | $298,175,000 | 9.1% | 0.4% |
| Deutsche Bank Trust Company Americas | $295,100,000 | n/a | 0.3% | |
| Apple Bank for Savings | $635,315,000 | $293,695,000 | -53.8% | 0.3% |
| Logan Finance Corporation | $25,005,000 | $272,185,000 | 988.5% | 0.3% |
| Northwest Bank | $334,430,000 | $265,490,000 | -20.6% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $339,490,000 | $261,370,000 | -23.0% | 0.3% |
| 1ST PRIORITY MORTGAGE, INC. | $316,270,000 | $260,975,000 | -17.5% | 0.3% |
| Quontic Bank | $712,215,000 | $255,955,000 | -64.1% | 0.3% |
| HOME TOWN FUNDING, INC. | $361,440,000 | $238,935,000 | -33.9% | 0.3% |
| ARK MORTGAGE, INC. | $353,350,000 | $234,645,000 | -33.6% | 0.3% |
| HUNT MORTGAGE CORPORATION | $318,640,000 | $233,185,000 | -26.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $828,995,000 | $226,765,000 | -72.6% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $225,515,000 | n/a | 0.3% | |
| Popular Bank | $649,725,000 | $202,680,000 | -68.8% | 0.2% |
| Mortgage Research Center, LLC | $265,700,000 | $200,590,000 | -24.5% | 0.2% |
| Hanover Community Bank | $436,050,000 | $191,040,000 | -56.2% | 0.2% |
| The Lyons National Bank | $260,555,000 | $189,265,000 | -27.4% | 0.2% |
| First Central Savings Bank | $291,830,000 | $189,080,000 | -35.2% | 0.2% |
| City National Bank | $813,375,000 | $188,615,000 | -76.8% | 0.2% |
| Goldman Sachs Bank USA | $326,545,000 | $182,460,000 | -44.1% | 0.2% |
| AMERICU Credit Union | $313,010,000 | $176,030,000 | -43.8% | 0.2% |
| Evans Bank | $190,745,000 | $174,625,000 | -8.5% | 0.2% |
| United Nations Federal Credit Union | $275,625,000 | $173,950,000 | -36.9% | 0.2% |
| M&T Realty Capital Corporation | $718,480,000 | $168,625,000 | -76.5% | 0.2% |
| First Horizon Bank | $243,775,000 | $165,885,000 | -32.0% | 0.2% |
| NJ LENDERS CORP. | $185,610,000 | $164,315,000 | -11.5% | 0.2% |
| Glens Falls National Bank and Trust Company | $192,830,000 | $164,090,000 | -14.9% | 0.2% |
| CTBC Bank Corp. (USA) | $157,495,000 | $163,085,000 | 3.5% | 0.2% |
| NORWICH COMMERCIAL GROUP, INC. | $5,570,000 | $159,965,000 | 2,771.9% | 0.2% |
| Amalgamated Bank | $368,440,000 | $158,150,000 | -57.1% | 0.2% |
| SUNMARK FEDERAL CREDIT UNION | $304,770,000 | $157,360,000 | -48.4% | 0.2% |
| CMG MORTGAGE, INC. | $70,140,000 | $156,705,000 | 123.4% | 0.2% |
| Ulster Savings Bank | $267,770,000 | $155,545,000 | -41.9% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $379,895,000 | $154,345,000 | -59.4% | 0.2% |
| Industrial and Commercial Bank of China USA | $107,005,000 | $153,070,000 | 43.0% | 0.2% |
| The Northwestern Mutual Life Insurance Company | $153,005,000 | n/a | 0.2% | |
| Municipal Credit Union | $247,220,000 | $149,940,000 | -39.3% | 0.2% |
| WALL STREET MORTGAGE BANKERS, LTD. | $196,790,000 | $149,165,000 | -24.2% | 0.2% |
| The Bank of Princeton | $109,360,000 | $143,115,000 | 30.9% | 0.2% |
| Chemung Canal Trust Company | $259,795,000 | $142,045,000 | -45.3% | 0.2% |
| SUFFOLK | $152,255,000 | $133,545,000 | -12.3% | 0.2% |
| JET DIRECT FUNDING CORP | $240,385,000 | $132,835,000 | -44.7% | 0.2% |
| PARAGON HOME LOANS INC. | $187,860,000 | $128,755,000 | -31.5% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $237,330,000 | $128,740,000 | -45.8% | 0.2% |
| Hometown Equity Mortgage, LLC | $177,480,000 | $128,605,000 | -27.5% | 0.2% |
| Saratoga National Bank and Trust Company | $173,215,000 | $123,620,000 | -28.6% | 0.1% |
| US MORTGAGE CORPORATION | $154,055,000 | $119,955,000 | -22.1% | 0.1% |
| Discover Bank | $84,415,000 | $118,040,000 | 39.8% | 0.1% |
| Provident Bank | $53,550,000 | $114,505,000 | 113.8% | 0.1% |
| GuardHill Financial Corp. | $244,220,000 | $113,900,000 | -53.4% | 0.1% |
| BNY Mellon | $185,760,000 | $113,860,000 | -38.7% | 0.1% |
| Bank OZK | $112,505,000 | n/a | 0.1% | |
| BAYPORT FUNDING LLC | $145,845,000 | $109,065,000 | -25.2% | 0.1% |
| BETTER MORTGAGE CORPORATION | $231,180,000 | $108,100,000 | -53.2% | 0.1% |
| HARTFORD FUNDING, LTD. | $127,190,000 | $106,015,000 | -16.6% | 0.1% |
| Truist | $163,265,000 | $105,030,000 | -35.7% | 0.1% |
| Metro City Bank | $370,645,000 | $104,455,000 | -71.8% | 0.1% |
| First-Citizens Bank & Trust Company | $13,880,000 | $102,030,000 | 635.1% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $167,475,000 | $98,810,000 | -41.0% | 0.1% |
| NEXTIER BANK, NATIONAL ASSOCIATION | $33,190,000 | $98,555,000 | 196.9% | 0.1% |
| Axos Bank | $245,575,000 | $97,925,000 | -60.1% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $232,415,000 | $97,410,000 | -58.1% | 0.1% |
| Berkshire Bank | $276,645,000 | $97,315,000 | -64.8% | 0.1% |
| Santander Bank, N.A. | $685,010,000 | $96,420,000 | -85.9% | 0.1% |
| Carrington Mortgage Services, LLC | $159,590,000 | $95,140,000 | -40.4% | 0.1% |
| ISLAND | $99,575,000 | $94,780,000 | -4.8% | 0.1% |
| SUMMIT MORTGAGE BANKERS INC. | $294,165,000 | $94,305,000 | -67.9% | 0.1% |
| The Canandaigua National Bank and Trust Company | $173,850,000 | $94,165,000 | -45.8% | 0.1% |
| LYNX MORTGAGE BANK LLC | $120,630,000 | $93,395,000 | -22.6% | 0.1% |
| FIRST SOURCE | $142,305,000 | $93,355,000 | -34.4% | 0.1% |
| MID-ISLAND MORTGAGE CORP. | $146,285,000 | $92,460,000 | -36.8% | 0.1% |
| Stifel Bank and Trust | $237,825,000 | $91,885,000 | -61.4% | 0.1% |
| SELF RELIANCE NY Federal Credit Union | $125,045,000 | $91,530,000 | -26.8% | 0.1% |
| Merchants Bank of Indiana | $309,755,000 | $90,930,000 | -70.6% | 0.1% |
| First Savings Bank | $83,180,000 | $89,925,000 | 8.1% | 0.1% |
| Farm Credit East, ACA | $94,540,000 | $89,800,000 | -5.0% | 0.1% |
| PLANET HOME LENDING, LLC | $53,570,000 | $85,135,000 | 58.9% | 0.1% |
| MID-HUDSON VALLEY | $115,155,000 | $84,835,000 | -26.3% | 0.1% |
| Charles Schwab Bank, SSB | $267,045,000 | $83,590,000 | -68.7% | 0.1% |
| Geddes Federal Savings and Loan Association | $105,290,000 | $83,535,000 | -20.7% | 0.1% |
| Raymond James Bank | $164,920,000 | $82,475,000 | -50.0% | 0.1% |
| CORNING | $118,910,000 | $81,705,000 | -31.3% | 0.1% |
| CFCU Community Credit Union | $129,885,000 | $81,285,000 | -37.4% | 0.1% |
| Ballston Spa National Bank | $134,805,000 | $81,080,000 | -39.9% | 0.1% |
| CALIBER HOME LOANS, INC. | $1,145,525,000 | $80,545,000 | -93.0% | 0.1% |
| ARC HOME LLC | $286,875,000 | $79,945,000 | -72.1% | 0.1% |
| HUDSON HERITAGE | $36,125,000 | $79,295,000 | 119.5% | 0.1% |
| Walden Savings Bank | $73,510,000 | $78,235,000 | 6.4% | 0.1% |
| LIMA ONE CAPITAL, LLC | $58,340,000 | $75,695,000 | 29.7% | 0.1% |
| Royal Business Bank | $340,495,000 | $75,545,000 | -77.8% | 0.1% |
| NP, Inc. | $18,285,000 | $74,535,000 | 307.6% | 0.1% |
| Spencer Savings Bank, SLA | $138,180,000 | $74,215,000 | -46.3% | 0.1% |
| CONTINENTAL MORTGAGE BANKERS, INC. | $107,605,000 | $73,230,000 | -31.9% | 0.1% |
| ABSOLUTE HOME MORTGAGE CORPORATION | $131,840,000 | $73,140,000 | -44.5% | 0.1% |
| USAA Federal Savings Bank | $110,005,000 | $72,735,000 | -33.9% | 0.1% |
| VISIONS | $209,060,000 | $72,415,000 | -65.4% | 0.1% |
| GREYSTONE FUNDING COMPANY LLC | $14,795,000 | $71,270,000 | 381.7% | 0.1% |
| RCN Capital, LLC | $88,200,000 | $70,225,000 | -20.4% | 0.1% |
| THE SUMMIT Federal Credit Union | $86,845,000 | $70,215,000 | -19.1% | 0.1% |
| Community Federal Savings Bank | $69,570,000 | n/a | 0.1% | |
| Orange Bank &Trust Company | $58,480,000 | $69,510,000 | 18.9% | 0.1% |
| Cornerstone Community Federal Credit Union | $7,515,000 | $68,180,000 | 807.3% | 0.1% |
| INTERSTATE HOME LOAN CENTER, INC. | $59,870,000 | $68,070,000 | 13.7% | 0.1% |
| COREVEST AMERICAN FINANCE LENDER LLC | $124,085,000 | $66,490,000 | -46.4% | 0.1% |
| Empire State Bank | $66,150,000 | n/a | 0.1% | |
| The First National Bank of Long Island | $386,200,000 | $65,820,000 | -83.0% | 0.1% |
| Maspeth Federal Savings and Loan Association | $97,220,000 | $65,600,000 | -32.5% | 0.1% |
| Prudential Huntoon Paige Associates, LLC | $109,995,000 | $64,755,000 | -41.1% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $168,505,000 | $63,695,000 | -62.2% | 0.1% |
| Evolve Bank & Trust | $113,935,000 | $62,355,000 | -45.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $185,585,000 | $61,115,000 | -67.1% | 0.1% |
| Northfield Bank | $241,765,000 | $60,800,000 | -74.9% | 0.1% |
| CNB Bank | $115,950,000 | $60,725,000 | -47.6% | 0.1% |
| Citadel Servicing Corporation | $23,265,000 | $59,950,000 | 157.7% | 0.1% |
| The Bank of Greene County | $140,600,000 | $59,550,000 | -57.6% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $274,755,000 | $58,955,000 | -78.5% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $79,685,000 | $58,345,000 | -26.8% | 0.1% |
| ORIX REAL ESTATE CAPITAL, LLC | $14,075,000 | $58,265,000 | 314.0% | 0.1% |
| Adirondack Bank | $90,525,000 | $57,200,000 | -36.8% | 0.1% |
| FIRST NEW YORK | $84,785,000 | $57,040,000 | -32.7% | 0.1% |
| NVR Mortgage Finance, Inc. | $66,175,000 | $56,415,000 | -14.7% | 0.1% |
| BMO Harris Bank | $16,730,000 | $56,100,000 | 235.3% | 0.1% |
| ASSOCIATED MORTGAGE BANKERS, INC. | $85,195,000 | $56,025,000 | -34.2% | 0.1% |
| Rondout Savings Bank | $113,695,000 | $55,885,000 | -50.8% | 0.1% |
| RELIANT COMMUNITY FEDERAL CREDIT UNION | $65,100,000 | $55,670,000 | -14.5% | 0.1% |
| NORTHERN CREDIT UNION | $72,905,000 | $54,525,000 | -25.2% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $60,490,000 |