What people paid for mortgages in Schenectady County, NY (2025)

Across 1,434 closed home-purchase loans in 2025, the median interest rate in Schenectady was 6.375%, and the middle half of borrowers got between 6% and 6.625%. Median total loan costs ran $4,749 on a median loan of $265,000. Source: federal HMDA filings on first-lien, owner-occupied loans.

Home purchase

Median rate: 6.375%
Middle half of rates: 6%–6.625%
Median total loan costs: $4,749
Median loan amount: $265,000

1,434 loans, 2025.

Refinance

Median rate: 6.25%
Middle half of rates: 5.875%–6.75%
Median total loan costs: $6,832
Median loan amount: $185,000

386 loans, 2025.

Lowest median rates in Schenectady (2025)

The lenders whose own closed loans had the lowest median interest rate here, among lenders with enough local volume for the median to mean something. A low median is a reason to include that lender when you collect Loan Estimates; it is not a promise about the rate you will be quoted. An independent mortgage broker can pull quotes from several lenders at once on one application.

Home purchase

1.SEFCU SERVICES, LLC6%239 loans, median costs $3,881
2.SUNMARK CREDIT UNION6.25%75 loans, median costs $4,039
3.UNITED SHORE FINANCIAL SERVICES, LLCbroker only6.374%165 loans, median costs $8,642
4.HOMESTEAD FUNDING CORP.6.375%238 loans, median costs $4,567
5.TrustCo Bank6.375%104 loans, median costs $3,031

Among lenders with at least 30 closed purchase loans in Schenectady County in 2025.

Refinance

1.Broadview Federal Credit Union5.25%23 loans, median costs n/a
2.FIRST NEW YORK5.495%26 loans, median costs $3,692
3.TrustCo Bank5.875%29 loans, median costs $1,999
4.HOMESTEAD FUNDING CORP.6%13 loans, median costs $5,356
5.SEFCU SERVICES, LLC6.25%27 loans, median costs $3,113

Among lenders with at least 10 closed refinance loans in Schenectady County in 2025. Fewer than 3 lenders reached 30 such loans here, so this list uses a 10-loan floor.

Lender by lender in Schenectady

Every lender that closed at least 5 qualifying loans in Schenectady County in 2025, sorted by loan count. The # column is the lender's rank here by closed loans for the selected purpose. Median origination is the lender's own charges (Loan Estimate section A); median points is the discount-points portion. Lenders marked "broker only" fund loans through independent mortgage brokers rather than taking applications directly.

#	Lender	Loans	Median rate	Median total costs	Median origination	Median points
1	SEFCU SERVICES, LLC	239	6%	$3,881	$790	$517
2	HOMESTEAD FUNDING CORP.	238	6.375%	$4,567	$1,195	$823
3	UNITED SHORE FINANCIAL SERVICES, LLCbroker only	165	6.374%	$8,642	$3,809	$1,955
4	TrustCo Bank	104	6.375%	$3,031	$1,694	n/a
5	SUNMARK CREDIT UNION	75	6.25%	$4,039	$1,450	$562
6	PREMIUM MORTGAGE CORPORATION	74	6.49%	$5,289	$1,450	$450
7	Rocket Mortgage, LLC	36	6.75%	$5,986	$2,570	$2,081
8	KeyBank National Association	34	6.5%	$4,713	$1,381	$690
9	PENNYMAC LOAN SERVICES, LLC	29	6.499%	$10,292	$2,750	$1,782
10	First National Bank of Scotia	27	n/a	n/a	n/a	n/a
11	Broker Solutions, Inc.	25	6.5%	$4,895	$1,295	$3,176
12	Mortgage Research Center, LLC	22	6.312%	$5,618	$0	$1,329
13	NEWREZ LLC	21	6.5%	$9,062	$3,776	$1,765
14	JPMorgan Chase Bank, National Association	21	6.5%	$4,733	$1,287	$1,181
15	US MORTGAGE CORPORATION	18	6.625%	$7,752	$2,503	$1,442
16	Navy Federal Credit Union	18	6.125%	$3,917	$0	$325
17	FIRST NEW YORK	18	5.375%	$5,077	$1,000	n/a
18	Manufacturers and Traders Trust Company	18	6.375%	$5,256	$1,500	$398
19	Ballston Spa National Bank	16	n/a	n/a	n/a	n/a
20	Sidney Federal Credit Union	15	6.25%	$3,766	$399	n/a
21	Glens Falls National Bank and Trust Company	14	6.625%	$3,452	$595	$1,216
22	Fairway Independent Mortgage Corporation	14	6.5%	$8,684	$3,869	$2,769
23	PLAZA HOME MORTGAGE, INC.broker only	13	6.625%	$8,928	$1,073	$1,607
24	Community Bank, National Association	11	7.5%	$0	$0	n/a
25	Citizens Bank, National Association	11	6.5%	$7,561	$2,883	$2,939
26	GUARANTEED RATE, INC.	10	6.575%	$8,155	$1,640	$1,851
27	CROSSCOUNTRY MORTGAGE, INC.	8	6.683%	$7,466	$2,982	$2,776
28	Bank of America, National Association	8	5.375%	$3,508	$1,348	$5,226
29	SOFI BANK, NATIONAL ASSOCIATION	6	6.99%	$5,419	$1,095	$741
30	Broadview Federal Credit Union	6	5.245%	n/a	n/a	n/a
31	NBT Bank, National Association	6	5.875%	$3,637	$750	n/a
32	MOVEMENT MORTGAGE, LLC	6	6.5%	$7,739	$2,291	$2,376
33	PRIMELENDING, A PLAINSCAPITAL COMPANY	5	6.875%	$5,844	$2,020	$1,220
34	HUDSON VALLEY CREDIT UNION	5	6.125%	$3,734	$350	$1,864
35	HUNT MORTGAGE CORPORATION	5	6.625%	$9,182	$4,699	$3,614
36	1ST PRIORITY MORTGAGE, INC.	5	6.75%	$6,054	$2,971	$1,215

What these numbers are, and are not

Everything above is computed from the FFIEC's HMDA Modified Loan/Application Register, the public loan-level file nearly every mortgage lender must submit each year, filtered to originated, first-lien, owner-occupied principal-residence loans that were not business-purpose or reverse mortgages. Groups smaller than 5 loans are omitted. The methodology page documents every step.

The public file contains no credit scores, so differences between lenders mix true pricing differences with different customer bases: loan sizes, points paid, and borrower profiles all vary by lender. A median is context for your own quote, not a ranking and not an offer. Rates here are also a year's worth of closings blended together, while your quote reflects a single day's market.

The one move that reliably saves money

Get more than one Loan Estimate. Every lender must give you one within 3 business days of your application, on the same standardized form, and cannot charge you more than a reasonable credit-report fee to do it. Collecting two or three makes the offers directly comparable, line by line.

Your Loan Estimate rights, in plain English

One way to start several lender conversations quickly: a marketplace like LendingTree sends one request to up to five lenders, who will call and email you. Any lender you go on to apply with must then issue the same standardized Loan Estimate, which is the document you compare line by line.

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What happens after you submit

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Have a Loan Estimate in hand? The checker compares your quoted rate and origination charges against the Schenectady figures above, in your browser, without storing anything.

Common questions

What mortgage rate did people get in Schenectady County in 2025?

The median interest rate on closed home-purchase loans in Schenectady County, New York in 2025 was 6.375%, across 1,434 first-lien, owner-occupied loans. The middle half of borrowers got between 6% and 6.625%.

Is this a rate I can get today?

No. These are medians of loans that already closed, under those borrowers' credit profiles, loan sizes, discount points, and lock dates. Rates also move daily. The way to learn your own number is to collect Loan Estimates from two or three lenders, which federal rules make close to free.

Why do lenders in the table show different rates?

Partly pricing, partly customer mix. Public HMDA data contains no credit scores, so a lender serving stronger-credit borrowers or larger loans will show a different median than one serving first-time buyers, at identical pricing. Use the table as a map of who is active locally and roughly where they land, not as a ranking.

Where do these numbers come from?

The FFIEC's public HMDA Modified Loan/Application Register, the loan-level data nearly every mortgage lender must file each year, filtered to originated, first-lien, owner-occupied, non-business, non-reverse loans, in groups of at least 5.