Lowest closing cost mortgage lenders in Albany County County, New York
In Albany County, New York, homebuyers paid a median of $4,616 in closing costs in 2024 — below the New York median of $6,440. The county saw 1,972 purchase mortgages at a median rate of 6.38%. Among lenders with 10+ originations, Community Bank, National Association offered the lowest median costs at $3,352, which is $1,080 less than the county median.
Homebuyers in Albany County County who chose Community Bank, National Association paid $1,264 less in closing costs than the county median.
County Median Costs
$4,616
−28.3% vs New York ($6,440)
Median Rate
6.380%
−3.6% vs national (6.620%)
Median Origination
$1,400
Purchase Originations
1,972
vs New York Median
28.3% below
$-1,824
vs National Median
31.5% below
$-2,125
Lender rankings in Albany County County
23 lenders with 10+ originations, ranked by median total loan costs.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,352 | 6.875% | $488 | 16 | −$1,080 | |
| 2 | $3,492 | 6.375% | $1,694 | 87 | −$940 | |
| 3 | $3,953 | 6.312% | $1,000 | 18 | −$479 | |
| 4 | $3,994 | 6.125% | $1,117 | 633 | −$438 | |
| 5 | $4,006 | 5.375% | $840 | 15 | −$426 | |
| 6 | $4,249 | 6.500% | $995 | 309 | −$183 | |
| 7 | $4,262 | 6.375% | $1,295 | 46 | −$170 | |
| 8 | $4,283 | 6.375% | $1,844 | 42 | −$149 | |
| 9 | $4,575 | 6.250% | $1,490 | 17 | +$143 | |
| 10 | $4,729 | 6.625% | $1,400 | 49 | +$297 | |
| 11 | $4,991 | 6.500% | $1,060 | 19 | +$559 | |
| 12 | $5,211 | 6.495% | $1,274 | 12 | +$779 | |
| 13 | $5,236 | 6.625% | $950 | 12 | +$804 | |
| 14 | $5,343 | 6.562% | $1,883 | 12 | +$911 | |
| 15 | $5,525 | 6.625% | $1,700 | 11 | +$1,093 | |
| 16 | $5,892 | 6.125% | $2,034 | 12 | +$1,460 | |
| 17 | $5,972 | 6.990% | $3,459 | 25 | +$1,540 | |
| 18 | $6,439 | 6.625% | $3,544 | 29 | +$2,007 | |
| 19 | $6,534 | 6.612% | $2,936 | 10 | +$2,102 | |
| 20 | $9,293 | 6.500% | $6,064 | 129 | +$4,861 | |
| 21 | $9,380 | 6.500% | $5,927 | 13 | +$4,948 | |
| 22 | $9,439 | 6.625% | $5,117 | 11 | +$5,007 |
Includes lenders with 10+ purchase originations in Albany County County. Source: HMDA 2024. Sorted by median total loan costs.
View detailed closing cost breakdowns and user reviews for lenders in New York → Lender Directory
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.