What are the average closing costs in Otsego County County?

In Otsego County County, the median total loan costs on purchase mortgages were $4,575 in 2024, based on 304 originations.

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

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

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

Otsego County County closing costs (median $4,575) are 29.0% below the New York state median of $6,440.

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

In Otsego County, New York, homebuyers paid a median of $4,575 in closing costs in 2024 — below the New York median of $6,440. The county saw 304 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 $4,232 less than the county median.

Homebuyers in Otsego County County who chose Community Bank, National Association paid $4,575 less in closing costs than the county median.

County Median Costs

$4,575

−29.0% vs New York ($6,440)

Median Rate

6.620%

+0.0% vs national (6.620%)

Median Origination

$1,400

Purchase Originations

304

vs New York Median

29.0% below

$-1,865

vs National Median

32.1% below

$-2,166

Lender rankings in Otsego County County

5 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	62	−$4,232
2	HOMESTEAD FUNDING CORP.	$3,455	6.500%	$995	18	−$777
3	NBT Bank, National Association	$3,547	6.500%	$750	22	−$685
4	PLAZA HOME MORTGAGE, INC.	$7,225	6.250%	$4,295	10	+$2,993
5	ROCKET MORTGAGE, LLC	$7,300	6.990%	$4,112	19	+$3,068

Includes lenders with 10+ purchase originations in Otsego 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.