Top Mortgage Lenders in Johnstown, NY

Which mortgage lender in the Johnstown, NY area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Johnstown, NY area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Johnstown, NY area is SEFCU Services, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.10%. This means that SEFCU Services provided a -0.10% lower interest rate for its customers than other lenders in Johnstown, NY for a similar set of borrowers. SEFCU Services has a market share of 12.6%. On the other hand, the most popular lender in the market is Homestead Funding Corp, with a market share of 28.0%. Homestead Funding Corp is an average rate lender in this area, with a “Rate Difference” of +0.00% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Johnstown, 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, the cheapest lender for Conventional mortgages in Johnstown, NY is SEFCU Services. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is NBT Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is SEFCU Services. The cheapest VA mortgage provider is also SEFCU Services. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Ranking of Mortgage Lenders in Johnstown, NY

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SEFCU Services 1, -0.10% 12.58%
Homeowners Advantage 2, -0.09% 5.79%
NBT Bank 3, -0.07% 7.78%
Sunmark Federal Credit Union 4, -0.03% 7.28%
Home Point Financial Corporation 5, -0.02% 10.60%
Homestead Funding Corp 6, 0.00% 27.98%
KeyBank National Association 7, 0.06% 10.93%
Quicken Loans 8, 0.12% 17.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Homeowners Advantage 1, -0.09% 7.16%
SEFCU Services 2, -0.07% 12.08%
NBT Bank 3, -0.07% 7.38%
Sunmark Federal Credit Union 4, -0.02% 7.16%
Home Point Financial Corporation 5, -0.01% 12.98%
Homestead Funding Corp 6, 0.01% 35.57%
KeyBank National Association 7, 0.06% 6.71%
Quicken Loans 8, 0.13% 10.96%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SEFCU Services 1, -0.18% 14.01%
Sunmark Federal Credit Union 2, -0.07% 7.64%
NBT Bank 3, -0.06% 8.92%
Homeowners Advantage 4, -0.05% 1.91%
Homestead Funding Corp 5, -0.04% 6.37%
Home Point Financial Corporation 6, -0.02% 3.82%
KeyBank National Association 7, 0.05% 22.93%
Quicken Loans 8, 0.09% 34.39%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SEFCU Services 1, -0.10% 13.24%
Homeowners Advantage 2, -0.09% 8.38%
NBT Bank 3, -0.08% 10.54%
Sunmark Federal Credit Union 4, -0.03% 8.38%
Homestead Funding Corp 5, -0.01% 25.41%
Home Point Financial Corporation 6, 0.01% 3.24%
KeyBank National Association 7, 0.08% 15.41%
Quicken Loans 8, 0.15% 15.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
NBT Bank 1, -0.09% 10.55%
Homeowners Advantage 2, -0.09% 11.81%
SEFCU Services 3, -0.04% 11.39%
Sunmark Federal Credit Union 4, -0.01% 8.44%
Homestead Funding Corp 5, 0.00% 35.86%
Home Point Financial Corporation 6, 0.03% 3.80%
KeyBank National Association 7, 0.10% 9.28%
Quicken Loans 8, 0.16% 8.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SEFCU Services 1, -0.18% 16.54%
Sunmark Federal Credit Union 2, -0.07% 8.27%
NBT Bank 3, -0.06% 10.53%
Homeowners Advantage 4, -0.05% 2.26%
Homestead Funding Corp 5, -0.04% 6.77%
Home Point Financial Corporation 6, -0.04% 2.26%
KeyBank National Association 7, 0.05% 26.32%
Quicken Loans 8, 0.13% 27.07%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SEFCU Services 1, -0.12% 11.82%
Sunmark Federal Credit Union 2, -0.04% 4.93%
Homeowners Advantage 3, -0.04% 1.97%
Home Point Financial Corporation 4, -0.03% 25.62%
KeyBank National Association 5, -0.02% 3.94%
NBT Bank 6, -0.01% 2.46%
Homestead Funding Corp 7, 0.03% 31.53%
Quicken Loans 8, 0.09% 17.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SEFCU Services 1, -0.12% 12.97%
Sunmark Federal Credit Union 2, -0.04% 5.41%
Homeowners Advantage 3, -0.04% 2.16%
KeyBank National Association 4, -0.03% 3.78%
Home Point Financial Corporation 5, -0.03% 26.49%
NBT Bank 6, -0.01% 2.70%
Homestead Funding Corp 7, 0.03% 34.05%
Quicken Loans 8, 0.13% 12.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Homestead Funding Corp 1, -0.03% 5.56%
KeyBank National Association 2, -0.01% 5.56%
Home Point Financial Corporation 3, -0.00% 16.67%
Quicken Loans 4, 0.00% 72.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
NBT Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
NBT Bank 1, 0.00% 100.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SEFCU Services 1, -0.03% 10.71%
Sunmark Federal Credit Union 2, -0.01% 10.71%
Homestead Funding Corp 3, -0.00% 39.29%
KeyBank National Association 4, 0.01% 3.57%
Quicken Loans 5, 0.02% 35.71%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
SEFCU Services 1, -0.03% 13.64%
Homestead Funding Corp 2, -0.00% 50.00%
Sunmark Federal Credit Union 3, -0.00% 9.09%
KeyBank National Association 4, 0.01% 4.55%
Quicken Loans 5, 0.03% 22.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Sunmark Federal Credit Union 1, -0.01% 16.67%
Quicken Loans 2, 0.00% 83.33%

* Data is compiled for the Johnstown, NY commuting zone area, which comprises of counties of Fulton County, NY, Hamilton County, NY, and Montgomery County, NY. This includes cities/towns/communities of Johnstown, NY as well as Amsterdam, NY, Broadalbin, NY, Gloversville, NY, Hagaman, NY, Dolgeville, NY, Fultonville, NY, Tribes Hill, NY, Canajoharie, NY, Speculator, NY, Mayfield, NY, Caroga Lake, NY, Fort Plain, NY, Northville, NY, Long Lake, NY, Palatine Bridge, NY, and St. Johnsville, NY. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from 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 based on the MSA, 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 for Other Cities

This page ranks the top mortgage lenders in the Johnstown, NY area. For mortgage lender rankings of other cities, click here.