Mortgage lending in Schenectady County
3,225 mortgages were originated in Schenectady County, New York, in 2025.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 3,225
- Median rate
- 6.500%
- Median lender fees
- $4,698
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $195,000
- Above the going rate (spread over APOR)
- 0.162
- Paid discount points
- 27.4%
- Received lender credits
- 18.4%
- Purchases / refinances
- 51.4% / 21.4%
- Conventional / FHA / VA
- 85.6% / 10.6% / 3.8%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 58.8% of loans here — see methodology.
Loan limits here in 2026
- Conforming limit
- $832,750
- FHA limit
- $541,287
- Median home price
- $421,000
- That home, 20% down
- $336,800
A median-priced home with 20% down leaves $495,950 of room under the conforming limit, so the ceiling rarely binds on an ordinary purchase.
Borrow more than $832,750 and the loan becomes jumbo — outside agency rules, priced by each lender on its own terms. How limits work
Median price is HUD's figure for the 2026 limit calculation, not a live market quote.
Who lent here
Lenders with at least 50 loans in Schenectady County, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Broadview Federal Credit Union | 457 | — | 6.250% |
| TrustCo Bank | 280 | $2,699 | 5.930% |
| Homestead Funding Corp. | 279 | $4,563 | 6.375% |
| Sefcu Services, LLC | 271 | $3,845 | 6.125% |
| Sunmark Credit Union | 238 | $3,561 | 6.740% |
| United Shore Financial Services, LLC | 193 | $8,495 | 6.490% |
| Rocket Mortgage, LLC | 179 | $5,838 | 6.875% |
| First New York | 131 | — | 6.240% |
| Premium Mortgage Corporation | 83 | $5,302 | 6.500% |
| Citizens Bank, National Association | 76 | — | 8.650% |
What lenders charged here
Lender fees on a $195,000 loan, based on what was actually charged in Schenectady County — not a rule of thumb.
From 1,895 loans where fees were reported. This is what the lender charges — sections A and B of a Loan Estimate. Title, appraisal, taxes and the escrow deposit your lender collects up front for future tax and insurance bills are extra and not in these figures. Compare two offers