Top Mortgage Lenders in the Oneonta, NY area

Which mortgage lender in the Oneonta, 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 Oneonta, 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 Oneonta, NY area is NBT Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.22%. This means that NBT Bank provided a -0.22% lower interest rate for its customers than other lenders in Oneonta, NY for a similar set of borrowers. NBT Bank has a market share of 18.0%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 21.6%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.13% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Oneonta, 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 Oneonta, NY is NBT Bank. 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 Ulster Savings Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Homestead Funding Corp. The cheapest VA mortgage provider is Plaza Home Mortgage Inc. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
NBT Bank 1, -0.22% 18.00%
Homestead Funding Corp 2, -0.10% 18.74%
Ulster Savings Bank 3, -0.09% 4.56%
KeyBank National Association 4, -0.04% 4.44%
Plaza Home Mortgage Inc 5, 0.01% 5.80%
M&T Bank 6, 0.01% 5.67%
Quicken Loans 7, 0.13% 21.58%
Community Bank 8, 0.17% 21.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
NBT Bank 1, -0.19% 18.34%
Homestead Funding Corp 2, -0.11% 25.26%
Ulster Savings Bank 3, -0.11% 5.19%
KeyBank National Association 4, -0.05% 2.08%
Plaza Home Mortgage Inc 5, 0.00% 7.27%
M&T Bank 6, 0.02% 6.23%
Quicken Loans 7, 0.15% 14.36%
Community Bank 8, 0.22% 21.28%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
NBT Bank 1, -0.31% 17.17%
Ulster Savings Bank 2, -0.04% 3.00%
KeyBank National Association 3, -0.02% 10.30%
M&T Bank 4, 0.00% 4.29%
Homestead Funding Corp 5, 0.01% 2.58%
Plaza Home Mortgage Inc 6, 0.02% 2.15%
Community Bank 7, 0.04% 21.03%
Quicken Loans 8, 0.12% 39.48%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
NBT Bank 1, -0.24% 22.92%
Homestead Funding Corp 2, -0.12% 11.79%
Ulster Savings Bank 3, -0.11% 5.81%
KeyBank National Association 4, -0.05% 5.48%
M&T Bank 5, -0.01% 3.99%
Plaza Home Mortgage Inc 6, 0.03% 2.66%
Quicken Loans 7, 0.16% 19.10%
Community Bank 8, 0.17% 28.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
NBT Bank 1, -0.22% 24.56%
Homestead Funding Corp 2, -0.14% 16.54%
Ulster Savings Bank 3, -0.13% 7.02%
KeyBank National Association 4, -0.08% 2.26%
M&T Bank 5, -0.01% 4.26%
Plaza Home Mortgage Inc 6, 0.03% 2.76%
Quicken Loans 7, 0.17% 12.28%
Community Bank 8, 0.22% 30.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
NBT Bank 1, -0.31% 19.70%
Ulster Savings Bank 2, -0.04% 3.45%
KeyBank National Association 3, -0.02% 11.82%
M&T Bank 4, 0.00% 3.45%
Homestead Funding Corp 5, 0.01% 2.46%
Plaza Home Mortgage Inc 6, 0.02% 2.46%
Community Bank 7, 0.04% 24.14%
Quicken Loans 8, 0.17% 32.51%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Homestead Funding Corp 1, -0.09% 38.01%
Plaza Home Mortgage Inc 2, 0.02% 16.37%
NBT Bank 3, 0.02% 2.92%
KeyBank National Association 4, 0.02% 1.75%
Ulster Savings Bank 5, 0.05% 0.58%
M&T Bank 6, 0.05% 11.11%
Quicken Loans 7, 0.09% 29.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Homestead Funding Corp 1, -0.09% 43.54%
Plaza Home Mortgage Inc 2, 0.02% 19.05%
NBT Bank 3, 0.02% 3.40%
KeyBank National Association 4, 0.03% 2.04%
Ulster Savings Bank 5, 0.05% 0.68%
M&T Bank 6, 0.06% 11.56%
Quicken Loans 7, 0.15% 19.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 87.50%
M&T Bank 2, 0.00% 8.33%
Homestead Funding Corp 3, 0.01% 4.17%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ulster Savings Bank 1, -0.01% 25.00%
NBT Bank 2, -0.01% 25.00%
Community Bank 3, 0.01% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Ulster Savings Bank 1, -0.01% 25.00%
NBT Bank 2, -0.01% 25.00%
Community Bank 3, 0.01% 50.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Plaza Home Mortgage Inc 1, -0.02% 8.82%
NBT Bank 2, -0.01% 5.88%
Homestead Funding Corp 3, -0.00% 47.06%
M&T Bank 4, 0.01% 8.82%
Quicken Loans 5, 0.01% 29.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Plaza Home Mortgage Inc 1, -0.02% 10.71%
NBT Bank 2, -0.01% 7.14%
Homestead Funding Corp 3, -0.01% 57.14%
M&T Bank 4, 0.01% 7.14%
Quicken Loans 5, 0.03% 17.86%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
M&T Bank 1, -0.00% 16.67%
Quicken Loans 2, 0.00% 83.33%

* Data is compiled for the Oneonta, NY commuting zone area, which comprises of counties of Chenango County, NY, Delaware County, NY, and Otsego County, NY. This includes cities/towns/communities of Oneonta, NY as well as Greene, NY, Stamford, NY, Norwich, NY, Oxford, NY, New Berlin, NY, West End, NY, Otego, NY, Sherburne, NY, Cooperstown, NY, Edmeston, NY, Cherry Valley, NY, Margaretville, NY, Sidney, NY, Afton, NY, Morris, NY, Richfield Springs, NY, Unadilla, NY, Deposit, NY, Worcester, NY, Milford, NY, Bainbridge, NY, Walton, NY, Downsville, NY, Hancock, NY, Andes, NY, Bloomville, NY, Franklin, NY, Hartwick, NY, and Delhi, 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.

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