Which mortgage lender in the Syracuse, NY area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Syracuse, NY area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Syracuse, NY area in terms of interest rate is Geddes Federal Savings and Loan Association, with an average “Rate Difference” of -0.19%. This means that, comparing similar borrowers, Geddes Federal Savings and Loan Association provided a -0.19% lower interest rate for its customers than other lenders in the area. Geddes Federal Savings and Loan Association has a market share of 3.5%. On the other hand, the most popular lender in the Syracuse, NY area is Empower Federal Credit Union, with a larger market share of 13.5%. Empower Federal Credit Union is also a relatively cheap lender, with a “Rate Difference” of -0.19% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Syracuse, NY area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Syracuse, NY is Geddes Federal Savings and Loan Association. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is SEFCU. The cheapest VA mortgage provider is Navy Federal Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Syracuse, NY
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| SEFCU | -0.22% | 7.13% | |
| M&T Bank | -0.16% | 4.80% | |
| Premium Mortgage Corporation | -0.11% | 1.36% | |
| Home Point Financial Corporation | -0.09% | 1.44% | |
| NBT Bank | -0.08% | 1.52% | |
| AmeriCU Credit Union | -0.08% | 2.64% | |
| 1st Priority Mortgage, Inc | -0.05% | 8.01% | |
| Genesee Regional Bank | -0.05% | 3.76% | |
| Bank of America | -0.04% | 0.80% | |
| Land Home Financial Services | -0.04% | 1.28% | |
| Elmira Savings Bank | -0.04% | 1.04% | |
| Homestead Funding Corp | -0.03% | 6.24% | |
| KeyBank | -0.03% | 1.12% | |
| Berkshire Bank | -0.01% | 0.56% | |
| Movement Mortgage | 0.02% | 4.96% | |
| Paragon Home Loans | 0.02% | 0.24% | |
| Carrington Mortgage Services | 0.03% | 1.60% | |
| JPMorgan Chase Bank | 0.03% | 0.16% | |
| Wells Fargo Bank | 0.05% | 0.80% | |
| Plaza Home Mortgage | 0.05% | 17.85% | |
| Quicken Loans | 0.06% | 18.57% | |
| PrimeLending | 0.07% | 4.32% | |
| Mr. Cooper | 0.10% | 1.84% | |
| loanDepot | 0.10% | 1.76% | |
| NVR Mortgage Finance Inc | 0.12% | 0.80% | |
| Hunt Mortgage Corporation | 0.16% | 5.36% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| SEFCU | -0.22% | 8.36% | |
| M&T Bank | -0.17% | 5.22% | |
| Premium Mortgage Corporation | -0.11% | 1.61% | |
| Home Point Financial Corporation | -0.09% | 1.71% | |
| NBT Bank | -0.09% | 1.80% | |
| AmeriCU Credit Union | -0.09% | 3.13% | |
| 1st Priority Mortgage, Inc | -0.06% | 9.50% | |
| Bank of America | -0.06% | 0.85% | |
| Genesee Regional Bank | -0.05% | 4.46% | |
| Elmira Savings Bank | -0.04% | 1.14% | |
| KeyBank | -0.04% | 1.23% | |
| Land Home Financial Services | -0.04% | 1.52% | |
| Homestead Funding Corp | -0.04% | 7.22% | |
| Berkshire Bank | -0.02% | 0.57% | |
| Paragon Home Loans | 0.01% | 0.28% | |
| Movement Mortgage | 0.02% | 5.51% | |
| JPMorgan Chase Bank | 0.03% | 0.19% | |
| Carrington Mortgage Services | 0.03% | 0.38% | |
| loanDepot | 0.04% | 0.57% | |
| Mr. Cooper | 0.04% | 0.76% | |
| Wells Fargo Bank | 0.05% | 0.85% | |
| Plaza Home Mortgage | 0.05% | 20.61% | |
| PrimeLending | 0.07% | 5.03% | |
| NVR Mortgage Finance Inc | 0.12% | 0.95% | |
| Hunt Mortgage Corporation | 0.16% | 6.27% | |
| Quicken Loans | 0.22% | 10.26% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.05% | 63.27% | |
| Plaza Home Mortgage | -0.01% | 3.06% | |
| Movement Mortgage | 0.01% | 2.04% | |
| M&T Bank | 0.02% | 2.55% | |
| SEFCU | 0.02% | 0.51% | |
| Elmira Savings Bank | 0.04% | 0.51% | |
| PrimeLending | 0.04% | 0.51% | |
| Berkshire Bank | 0.04% | 0.51% | |
| Hunt Mortgage Corporation | 0.04% | 0.51% | |
| Homestead Funding Corp | 0.05% | 1.02% | |
| KeyBank | 0.05% | 0.51% | |
| Carrington Mortgage Services | 0.05% | 8.16% | |
| Wells Fargo Bank | 0.06% | 0.51% | |
| Bank of America | 0.06% | 0.51% | |
| loanDepot | 0.15% | 8.16% | |
| Mr. Cooper | 0.15% | 7.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.02% | 7.84% | |
| KeyBank | -0.01% | 23.53% | |
| Geddes Federal Savings and Loan Association | -0.00% | 19.61% | |
| NBT Bank | -0.00% | 9.80% | |
| AmeriCU Credit Union | 0.00% | 1.96% | |
| JPMorgan Chase Bank | 0.01% | 1.96% | |
| Lyons National Bank | 0.01% | 5.88% | |
| Chemung Canal Trust Company | 0.01% | 1.96% | |
| M&T Bank | 0.01% | 9.80% | |
| Pathfinder Bank | 0.02% | 1.96% | |
| Elmira Savings Bank | 0.02% | 9.80% | |
| Community Bank NA | 0.02% | 5.88% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 8.11% | |
| KeyBank | -0.01% | 21.62% | |
| Geddes Federal Savings and Loan Association | -0.00% | 21.62% | |
| NBT Bank | 0.00% | 10.81% | |
| Lyons National Bank | 0.01% | 5.41% | |
| M&T Bank | 0.01% | 13.51% | |
| Community Bank NA | 0.02% | 5.41% | |
| Pathfinder Bank | 0.02% | 2.70% | |
| Elmira Savings Bank | 0.02% | 10.81% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| NBT Bank | -0.01% | 7.14% | |
| Geddes Federal Savings and Loan Association | -0.01% | 14.29% | |
| KeyBank | -0.01% | 28.57% | |
| Lyons National Bank | 0.00% | 7.14% | |
| AmeriCU Credit Union | 0.00% | 7.14% | |
| Elmira Savings Bank | 0.00% | 7.14% | |
| JPMorgan Chase Bank | 0.00% | 7.14% | |
| Wells Fargo Bank | 0.00% | 7.14% | |
| Chemung Canal Trust Company | 0.01% | 7.14% | |
| Community Bank NA | 0.02% | 7.14% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.16% | 11.21% | |
| SEFCU | -0.07% | 6.59% | |
| Premium Mortgage Corporation | -0.04% | 3.30% | |
| 1st Priority Mortgage, Inc | -0.02% | 4.84% | |
| Elmira Savings Bank | -0.02% | 2.64% | |
| AmeriCU Credit Union | -0.01% | 1.98% | |
| Hunt Mortgage Corporation | -0.01% | 5.05% | |
| Genesee Regional Bank | -0.00% | 1.54% | |
| Bank of America | 0.00% | 0.22% | |
| NBT Bank | 0.01% | 0.22% | |
| M&T Bank | 0.01% | 0.88% | |
| loanDepot | 0.01% | 4.18% | |
| Home Point Financial Corporation | 0.02% | 0.22% | |
| Movement Mortgage | 0.02% | 2.42% | |
| KeyBank | 0.02% | 0.22% | |
| JPMorgan Chase Bank | 0.02% | 1.10% | |
| Wells Fargo Bank | 0.02% | 2.42% | |
| NVR Mortgage Finance Inc | 0.03% | 0.44% | |
| PrimeLending | 0.03% | 2.42% | |
| Plaza Home Mortgage | 0.03% | 6.15% | |
| Carrington Mortgage Services | 0.03% | 1.32% | |
| Mr. Cooper | 0.03% | 2.20% | |
| Berkshire Bank | 0.03% | 0.22% | |
| Homestead Funding Corp | 0.04% | 2.42% | |
| Land Home Financial Services | 0.05% | 0.44% | |
| USAA | 0.06% | 17.36% | |
| Quicken Loans | 0.06% | 17.36% | |
| Paragon Home Loans | 0.06% | 0.66% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.18% | 13.45% | |
| SEFCU | -0.07% | 8.48% | |
| Premium Mortgage Corporation | -0.04% | 4.09% | |
| 1st Priority Mortgage, Inc | -0.02% | 6.43% | |
| Elmira Savings Bank | -0.02% | 3.51% | |
| AmeriCU Credit Union | -0.01% | 2.63% | |
| Hunt Mortgage Corporation | -0.00% | 6.73% | |
| M&T Bank | -0.00% | 0.58% | |
| Genesee Regional Bank | 0.00% | 2.05% | |
| Bank of America | 0.01% | 0.29% | |
| loanDepot | 0.01% | 0.58% | |
| NBT Bank | 0.01% | 0.29% | |
| Home Point Financial Corporation | 0.02% | 0.29% | |
| Wells Fargo Bank | 0.02% | 2.63% | |
| KeyBank | 0.02% | 0.29% | |
| JPMorgan Chase Bank | 0.02% | 1.17% | |
| NVR Mortgage Finance Inc | 0.03% | 0.58% | |
| Carrington Mortgage Services | 0.03% | 0.29% | |
| PrimeLending | 0.03% | 2.92% | |
| Plaza Home Mortgage | 0.03% | 8.19% | |
| Berkshire Bank | 0.03% | 0.29% | |
| Movement Mortgage | 0.04% | 2.34% | |
| Mr. Cooper | 0.04% | 0.29% | |
| Homestead Funding Corp | 0.04% | 3.22% | |
| Land Home Financial Services | 0.05% | 0.58% | |
| Paragon Home Loans | 0.06% | 0.88% | |
| USAA | 0.07% | 19.59% | |
| Quicken Loans | 0.18% | 7.31% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Movement Mortgage | -0.03% | 2.65% | |
| USAA | -0.01% | 10.62% | |
| Premium Mortgage Corporation | -0.01% | 0.88% | |
| Quicken Loans | -0.01% | 47.79% | |
| Navy Federal Credit Union | -0.00% | 4.42% | |
| loanDepot | 0.01% | 15.04% | |
| SEFCU | 0.01% | 0.88% | |
| PrimeLending | 0.01% | 0.88% | |
| JPMorgan Chase Bank | 0.02% | 0.88% | |
| M&T Bank | 0.02% | 1.77% | |
| Mr. Cooper | 0.02% | 7.96% | |
| Carrington Mortgage Services | 0.02% | 4.42% | |
| Wells Fargo Bank | 0.04% | 1.77% |
* Data is compiled for the Syracuse, NY commuting zone area, which comprises of counties of Cayuga County, NY, Cortland County, NY, Madison County, NY, Onondaga County, NY, Oswego County, NY, and Tompkins County, NY. This includes cities/towns/communities of Syracuse, NY as well as Baldwinsville, NY, Auburn, NY, Manlius, NY, Fairmount, NY, Oswego, NY, Fayetteville, NY, Skaneateles, NY, Cortland, NY, Central Square, NY, Ithaca, NY, Cazenovia, NY, Westvale, NY, North Syracuse, NY, Fulton, NY, Homer, NY, Mattydale, NY, Minoa, NY, Lyncourt, NY, Morrisville, NY, Village Green, NY, Brewerton, NY, Bridgeport, NY, Cato, NY, Sand Ridge, NY, Sandy Creek, NY, Jordan, NY, Solvay, NY, Parish, NY, Constantia, NY, Galeville, NY, Lansing, NY, Weedsport, NY, Earlville, NY, Fair Haven, NY, Munsons Corners, NY, Marcellus, NY, Mexico, NY, Melrose Park, NY, SUNY Oswego, NY, Marathon, NY, Trumansburg, NY, Union Springs, NY, Brewerton, NY, Northwest Ithaca, NY, Tully, NY, Dryden, NY, Newfield Hamlet, NY, Freeville, NY, South Hill, NY, and Hannibal, NY. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
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