Which mortgage lender in the Albany, 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 Albany, 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 Albany, NY area in terms of interest rate is SEFCU, with an average “Rate Difference” of -0.16%. This means that, comparing similar borrowers, SEFCU provided a -0.16% lower interest rate for its customers than other lenders in the area. SEFCU has a market share of 16.5%. On the other hand, the most popular lender in the Albany, NY area is Homestead Funding Corp, with a larger market share of 19.9%. Homestead Funding Corp is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.01% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Albany, 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 Albany, NY is SEFCU. 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 Premium Mortgage Corporation. 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 Albany, NY
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Premium Mortgage Corporation | -0.17% | 3.78% | |
| Homeowners Advantage | -0.13% | 5.59% | |
| Sunmark Credit Union | -0.12% | 7.44% | |
| SEFCU | -0.11% | 12.50% | |
| Homestead Funding Corp | -0.03% | 32.65% | |
| Ulster Savings Bank | -0.02% | 0.15% | |
| NewRez | 0.00% | 0.64% | |
| Home Point Financial Corporation | 0.01% | 6.95% | |
| M&T Bank | 0.01% | 1.06% | |
| Bank of America | 0.02% | 0.04% | |
| Navy Federal Credit Union | 0.02% | 0.08% | |
| NBT Bank | 0.03% | 0.04% | |
| Santander Bank | 0.03% | 0.04% | |
| Caliber Home Loans | 0.04% | 1.55% | |
| KeyBank | 0.04% | 0.60% | |
| Movement Mortgage | 0.05% | 0.60% | |
| Carrington Mortgage Services | 0.05% | 1.74% | |
| Freedom Mortgage Corporation | 0.06% | 0.64% | |
| TD Bank | 0.06% | 0.15% | |
| Wells Fargo Bank | 0.06% | 0.04% | |
| Berkshire Bank | 0.06% | 0.57% | |
| Plaza Home Mortgage | 0.08% | 1.36% | |
| Glens Falls National Bank | 0.10% | 0.19% | |
| 1st Priority Mortgage, Inc | 0.12% | 1.89% | |
| PrimeLending | 0.14% | 1.47% | |
| HomeBridge Financial Services | 0.15% | 2.00% | |
| loanDepot | 0.15% | 1.02% | |
| Hunt Mortgage Corporation | 0.16% | 0.68% | |
| Quicken Loans | 0.19% | 8.98% | |
| Guaranteed Rate | 0.20% | 1.21% | |
| Mr. Cooper | 0.26% | 3.44% | |
| MLB Residential Lending | 0.27% | 0.94% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Premium Mortgage Corporation | -0.17% | 4.08% | |
| Homeowners Advantage | -0.12% | 6.34% | |
| Sunmark Credit Union | -0.12% | 8.04% | |
| SEFCU | -0.10% | 13.29% | |
| Homestead Funding Corp | -0.02% | 35.71% | |
| Ulster Savings Bank | -0.01% | 0.17% | |
| Home Point Financial Corporation | 0.01% | 7.86% | |
| M&T Bank | 0.02% | 1.17% | |
| Bank of America | 0.02% | 0.04% | |
| Navy Federal Credit Union | 0.03% | 0.09% | |
| NewRez | 0.03% | 0.39% | |
| Freedom Mortgage Corporation | 0.03% | 0.48% | |
| NBT Bank | 0.03% | 0.04% | |
| Caliber Home Loans | 0.04% | 1.78% | |
| Movement Mortgage | 0.05% | 0.61% | |
| KeyBank | 0.05% | 0.65% | |
| TD Bank | 0.06% | 0.17% | |
| Wells Fargo Bank | 0.07% | 0.04% | |
| Berkshire Bank | 0.07% | 0.65% | |
| Plaza Home Mortgage | 0.09% | 1.52% | |
| Glens Falls National Bank | 0.11% | 0.22% | |
| loanDepot | 0.11% | 0.43% | |
| 1st Priority Mortgage, Inc | 0.12% | 2.17% | |
| PrimeLending | 0.16% | 1.56% | |
| Carrington Mortgage Services | 0.16% | 0.56% | |
| HomeBridge Financial Services | 0.16% | 2.04% | |
| Hunt Mortgage Corporation | 0.18% | 0.74% | |
| Guaranteed Rate | 0.21% | 1.35% | |
| MLB Residential Lending | 0.31% | 0.96% | |
| Quicken Loans | 0.35% | 4.52% | |
| Mr. Cooper | 0.36% | 2.30% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| SEFCU | -0.13% | 7.20% | |
| Homestead Funding Corp | -0.10% | 12.39% | |
| Sunmark Credit Union | -0.07% | 3.46% | |
| NewRez | -0.06% | 2.31% | |
| Premium Mortgage Corporation | -0.04% | 1.73% | |
| Home Point Financial Corporation | -0.04% | 0.86% | |
| KeyBank | -0.03% | 0.29% | |
| Carrington Mortgage Services | -0.03% | 9.51% | |
| Homeowners Advantage | -0.02% | 0.58% | |
| Plaza Home Mortgage | -0.02% | 0.29% | |
| M&T Bank | -0.02% | 0.29% | |
| Santander Bank | -0.01% | 0.29% | |
| PrimeLending | -0.00% | 0.86% | |
| Hunt Mortgage Corporation | -0.00% | 0.29% | |
| Movement Mortgage | 0.00% | 0.58% | |
| Guaranteed Rate | 0.01% | 0.29% | |
| HomeBridge Financial Services | 0.02% | 1.73% | |
| Quicken Loans | 0.03% | 38.62% | |
| MLB Residential Lending | 0.04% | 0.86% | |
| Freedom Mortgage Corporation | 0.07% | 1.73% | |
| Mr. Cooper | 0.09% | 10.95% | |
| loanDepot | 0.14% | 4.90% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.05% | 5.49% | |
| KeyBank | -0.05% | 20.33% | |
| Bank of America | -0.05% | 10.44% | |
| TD Bank | -0.00% | 1.10% | |
| PrimeLending | -0.00% | 0.55% | |
| M&T Bank | 0.00% | 3.85% | |
| Berkshire Bank | 0.00% | 0.55% | |
| JPMorgan Chase Bank | 0.00% | 1.65% | |
| Homestead Funding Corp | 0.01% | 0.55% | |
| 1st Priority Mortgage, Inc | 0.01% | 0.55% | |
| NBT Bank | 0.01% | 4.95% | |
| Premium Mortgage Corporation | 0.02% | 0.55% | |
| Ulster Savings Bank | 0.02% | 1.10% | |
| Trustco Bank | 0.02% | 15.93% | |
| Chemung Canal Trust Company | 0.02% | 3.30% | |
| Sunmark Credit Union | 0.03% | 0.55% | |
| HomeBridge Financial Services | 0.03% | 0.55% | |
| Plaza Home Mortgage | 0.04% | 0.55% | |
| Navy Federal Credit Union | 0.04% | 1.10% | |
| Glens Falls National Bank | 0.05% | 7.69% | |
| Saratoga National Bank | 0.05% | 18.68% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| KeyBank | -0.06% | 13.64% | |
| Wells Fargo Bank | -0.06% | 8.18% | |
| Bank of America | -0.05% | 15.45% | |
| PrimeLending | -0.00% | 0.91% | |
| M&T Bank | 0.00% | 4.55% | |
| Berkshire Bank | 0.00% | 0.91% | |
| JPMorgan Chase Bank | 0.00% | 0.91% | |
| Homestead Funding Corp | 0.00% | 0.91% | |
| 1st Priority Mortgage, Inc | 0.01% | 0.91% | |
| Premium Mortgage Corporation | 0.01% | 0.91% | |
| Ulster Savings Bank | 0.02% | 1.82% | |
| NBT Bank | 0.02% | 3.64% | |
| HomeBridge Financial Services | 0.02% | 0.91% | |
| Chemung Canal Trust Company | 0.03% | 1.82% | |
| Plaza Home Mortgage | 0.03% | 0.91% | |
| Navy Federal Credit Union | 0.04% | 1.82% | |
| Saratoga National Bank | 0.04% | 19.09% | |
| Glens Falls National Bank | 0.04% | 9.09% | |
| Trustco Bank | 0.05% | 13.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| KeyBank | -0.04% | 30.56% | |
| Trustco Bank | -0.02% | 19.44% | |
| TD Bank | -0.00% | 2.78% | |
| M&T Bank | 0.00% | 2.78% | |
| Wells Fargo Bank | 0.01% | 1.39% | |
| JPMorgan Chase Bank | 0.01% | 2.78% | |
| NBT Bank | 0.01% | 6.94% | |
| Bank of America | 0.01% | 2.78% | |
| Chemung Canal Trust Company | 0.02% | 5.56% | |
| Sunmark Credit Union | 0.03% | 1.39% | |
| Glens Falls National Bank | 0.05% | 5.56% | |
| Saratoga National Bank | 0.06% | 18.06% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.16% | 8.71% | |
| loanDepot | -0.10% | 2.77% | |
| SEFCU | -0.05% | 6.78% | |
| Plaza Home Mortgage | -0.04% | 3.87% | |
| Sunmark Credit Union | -0.04% | 3.87% | |
| Premium Mortgage Corporation | -0.04% | 2.35% | |
| Caliber Home Loans | -0.03% | 2.49% | |
| Wells Fargo Bank | -0.02% | 0.55% | |
| HomeBridge Financial Services | -0.01% | 2.07% | |
| Berkshire Bank | -0.01% | 0.14% | |
| M&T Bank | -0.01% | 0.83% | |
| Homestead Funding Corp | -0.01% | 21.99% | |
| Movement Mortgage | -0.01% | 0.14% | |
| Ulster Savings Bank | -0.00% | 0.14% | |
| PrimeLending | 0.01% | 2.63% | |
| 1st Priority Mortgage, Inc | 0.01% | 1.52% | |
| NewRez | 0.01% | 0.55% | |
| KeyBank | 0.01% | 0.69% | |
| Hunt Mortgage Corporation | 0.01% | 0.69% | |
| Guaranteed Rate | 0.02% | 1.52% | |
| Carrington Mortgage Services | 0.02% | 2.35% | |
| Freedom Mortgage Corporation | 0.02% | 1.24% | |
| Glens Falls National Bank | 0.03% | 0.28% | |
| JPMorgan Chase Bank | 0.03% | 0.28% | |
| Home Point Financial Corporation | 0.05% | 3.46% | |
| MLB Residential Lending | 0.05% | 0.28% | |
| USAA | 0.06% | 10.51% | |
| Mr. Cooper | 0.09% | 2.77% | |
| Quicken Loans | 0.11% | 14.52% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Navy Federal Credit Union | -0.17% | 10.21% | |
| SEFCU | -0.04% | 8.86% | |
| Sunmark Credit Union | -0.04% | 4.62% | |
| Plaza Home Mortgage | -0.03% | 5.39% | |
| Premium Mortgage Corporation | -0.03% | 3.08% | |
| Wells Fargo Bank | -0.02% | 0.58% | |
| Caliber Home Loans | -0.01% | 2.70% | |
| Homestead Funding Corp | -0.00% | 27.36% | |
| HomeBridge Financial Services | -0.00% | 2.12% | |
| M&T Bank | -0.00% | 0.96% | |
| Berkshire Bank | -0.00% | 0.19% | |
| Freedom Mortgage Corporation | 0.00% | 0.19% | |
| Movement Mortgage | 0.00% | 0.19% | |
| Ulster Savings Bank | 0.01% | 0.19% | |
| 1st Priority Mortgage, Inc | 0.02% | 2.12% | |
| PrimeLending | 0.02% | 3.28% | |
| Hunt Mortgage Corporation | 0.02% | 0.96% | |
| KeyBank | 0.02% | 0.77% | |
| Guaranteed Rate | 0.03% | 1.93% | |
| loanDepot | 0.03% | 0.19% | |
| Glens Falls National Bank | 0.04% | 0.39% | |
| JPMorgan Chase Bank | 0.04% | 0.39% | |
| MLB Residential Lending | 0.07% | 0.39% | |
| Carrington Mortgage Services | 0.07% | 0.77% | |
| Home Point Financial Corporation | 0.08% | 3.85% | |
| Mr. Cooper | 0.09% | 1.93% | |
| USAA | 0.11% | 10.98% | |
| Quicken Loans | 0.14% | 5.39% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| loanDepot | -0.14% | 9.31% | |
| USAA | -0.08% | 9.31% | |
| Navy Federal Credit Union | -0.08% | 4.90% | |
| Caliber Home Loans | -0.06% | 1.96% | |
| Home Point Financial Corporation | -0.06% | 2.45% | |
| PrimeLending | -0.05% | 0.98% | |
| SEFCU | -0.04% | 1.47% | |
| HomeBridge Financial Services | -0.04% | 1.96% | |
| M&T Bank | -0.03% | 0.49% | |
| Premium Mortgage Corporation | -0.03% | 0.49% | |
| KeyBank | -0.02% | 0.49% | |
| Guaranteed Rate | -0.02% | 0.49% | |
| NewRez | -0.02% | 1.96% | |
| Carrington Mortgage Services | -0.01% | 6.37% | |
| Wells Fargo Bank | -0.01% | 0.49% | |
| Sunmark Credit Union | -0.01% | 1.96% | |
| Homestead Funding Corp | -0.01% | 8.33% | |
| Freedom Mortgage Corporation | 0.00% | 3.92% | |
| Quicken Loans | 0.07% | 37.75% | |
| Mr. Cooper | 0.08% | 4.90% |
* Data is compiled for the Albany, NY commuting zone area, which comprises of counties of Albany County, NY, Columbia County, NY, Greene County, NY, Rensselaer County, NY, Saratoga County, NY, Schenectady County, NY, Schoharie County, NY, Warren County, NY, and Washington County, NY. This includes cities/towns/communities of Albany, NY as well as Schenectady, NY, Troy, NY, Saratoga Springs, NY, Rotterdam, NY, Glens Falls, NY, Milton, NY, Westmere, NY, Round Lake, NY, Cohoes, NY, Stillwater, NY, Menands, NY, Wynantskill, NY, Colonie, NY, Hampton Manor, NY, Chatham, NY, East Greenbush, NY, Scotia, NY, Mariaville Lake, NY, West Sand Lake, NY, Glens Falls North, NY, Niskayuna, NY, West Glens Falls, NY, Watervliet, NY, Country Knolls, NY, Rensselaer, NY, Schuylerville, NY, Philmont, NY, East Glenville, NY, Ravena, NY, Valatie, NY, Greenwich, NY, Ballston Spa, NY, Windham, NY, Athens, NY, Valley Falls, NY, Copake Lake, NY, Lake George, NY, Fort Edward, NY, Hudson Falls, NY, Cairo, NY, Coxsackie, NY, Poestenkill, NY, Granville, NY, Schaghticoke, NY, Cobleskill, NY, Hudson, NY, Cambridge, NY, Schoharie, NY, Tannersville, NY, and Galway, 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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