What are the average closing costs in Tompkins County County?

In Tompkins County County, the median total loan costs on purchase mortgages were $3,715 in 2024, based on 466 originations.

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

Among lenders with 10+ originations in Tompkins County County, BEGINNINGS CREDIT UNION had the lowest median total closing costs at $0 in 2024.

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

Tompkins County County closing costs (median $3,715) are 42.3% below the New York state median of $6,440.

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

In Tompkins County, New York, homebuyers paid a median of $3,715 in closing costs in 2024 — below the New York median of $6,440. The county saw 466 purchase mortgages at a median rate of 6.38%. Among lenders with 10+ originations, BEGINNINGS CREDIT UNION offered the lowest median costs at $0, which is $3,634 less than the county median.

Homebuyers in Tompkins County County who chose BEGINNINGS CREDIT UNION paid $3,715 less in closing costs than the county median.

County Median Costs

$3,715

−42.3% vs New York ($6,440)

Median Rate

6.380%

−3.6% vs national (6.620%)

Median Origination

$770

Purchase Originations

466

vs New York Median

42.3% below

$-2,725

vs National Median

44.9% below

$-3,026

Lender rankings in Tompkins County County

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

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	BEGINNINGS CREDIT UNION	$0	5.750%	$0	126	−$3,634
2	Community Bank, National Association	$3,062	6.875%	$200	43	−$572
3	Tompkins Community Bank	$3,642	6.250%	$770	119	+$8
4	Manufacturers and Traders Trust Company	$4,792	6.562%	$2,420	18	+$1,158
5	1ST PRIORITY MORTGAGE, INC.	$4,942	6.625%	$2,039	30	+$1,308
6	ROCKET MORTGAGE, LLC	$7,798	6.625%	$4,721	11	+$4,164

Includes lenders with 10+ purchase originations in Tompkins 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.