What are the average closing costs in Madison County County?

In Madison County County, the median total loan costs on purchase mortgages were $4,620 in 2024, based on 426 originations.

Which lender has the lowest closing costs in Madison County County?

Among lenders with 10+ originations in Madison County County, Community Bank, National Association had the lowest median total closing costs at $0 in 2024.

How do closing costs in Madison County County compare to New York?

Madison County County closing costs (median $4,620) are 28.3% below the New York state median of $6,440.

Lowest closing cost mortgage lenders in Madison County County, New York

In Madison County, New York, homebuyers paid a median of $4,620 in closing costs in 2024 — below the New York median of $6,440. The county saw 426 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, Community Bank, National Association offered the lowest median costs at $0, which is $4,114 less than the county median.

Homebuyers in Madison County County who chose Community Bank, National Association paid $4,620 less in closing costs than the county median.

County Median Costs

$4,620

−28.3% vs New York ($6,440)

Median Rate

6.620%

+0.0% vs national (6.620%)

Median Origination

$1,584

Purchase Originations

426

vs New York Median

28.3% below

$-1,820

vs National Median

31.5% below

$-2,121

Lender rankings in Madison County County

11 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	Community Bank, National Association	$0	7.375%	$0	45	−$4,114
2	Empower Federal Credit Union	$2,626	6.625%	$123	22	−$1,488
3	SEFCU SERVICES, LLC	$3,517	6.125%	$1,028	18	−$597
4	NBT Bank, National Association	$3,726	6.500%	$1,195	43	−$388
5	AMERICU Credit Union	$3,979	6.375%	$1,630	18	−$135
6	Geddes Federal Savings and Loan Association	$4,290	6.438%	$1,737	10	+$176
7	MOVEMENT MORTGAGE, LLC	$5,850	6.625%	$2,368	15	+$1,736
8	HUNT MORTGAGE CORPORATION	$6,233	6.875%	$3,778	17	+$2,119
9	ROCKET MORTGAGE, LLC	$6,939	6.875%	$3,928	13	+$2,825
10	EVERETT FINANCIAL, INC.	$7,494	6.500%	$4,691	10	+$3,380

Includes lenders with 10+ purchase originations in Madison 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.