Mortgage Lenders and Brokers in Schenectady, New York
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Schenectady, New York mortgage lenders include Trustco BankTrustco Bank1350 Gerling St, Schenectady, NY 12308A+5.0 ★Texas Ratio: 4.14%, Keybank National AssociationKeybank National Association3083 Carman Rd, Schenectady, NY 12303A+5.0 ★Texas Ratio: 4.81%, First National Bank of ScotiaFirst National Bank of Scotia120 Erie Blvd, Schenectady, NY 12305A5.0 ★Texas Ratio: 11.34%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA1875 Altamont Ave, Schenectady, NY 12303A+5.0 ★Texas Ratio: 3.68%, M&T BankM&T Bank5000 Queen Philomena Blvd, Schenectady, NY 12304A+5.0 ★Texas Ratio: 4.11%, Pioneer Bank, National AssociationPioneer Bank, National Association1828 Altamont Ave, Schenectady, NY 12303A+5.0 ★Texas Ratio: 3.19%, Arrow Bank NAArrow Bank NA1963 Altamont Ave, Schenectady, NY 12303A+5.0 ★Texas Ratio: 1.96%, Community Bank, N.A.Community Bank, N.A.26 E Church St, Adams, NY 13605A+5.0 ★Texas Ratio: 3.83%, Citizens Bank, NACitizens Bank, NA1725 Altamont Ave, Schenectady, NY 12303A+5.0 ★Texas Ratio: 5.44%, and Chemung Canal Trust CompanyChemung Canal Trust Company2 Rush St, Schenectady, NY 12305A+5.0 ★Texas Ratio: 3.61%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Schenectady, New York in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Schenectady are listed first, then lenders elsewhere in New York, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Schenectady, New York
Market share is the lender's share of all home loans closed in Schenectady, New York. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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★ 1.8 stars, 5 reviews 11 offices in Schenectady 1350 Gerling St, Schenectady, NY 12308 A+5.0 ★Texas Ratio: 4.14% |
Conventional, HELOC | 46 +39 HELOCs |
7.1% | 80% | $168,913 | View |
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3 offices in Schenectady 3083 Carman Rd, Schenectady, NY 12303 A+5.0 ★Texas Ratio: 4.81% |
Conventional, FHA, HELOC | 20 +1 HELOCs |
3.1% | 61.8% | $179,500 | View |
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4 offices in Schenectady 120 Erie Blvd, Schenectady, NY 12305 A5.0 ★Texas Ratio: 11.34% |
Conventional | 18 | 2.8% | 85.7% | $176,111 | View |
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2 offices in Schenectady 1875 Altamont Ave, Schenectady, NY 12303 A+5.0 ★Texas Ratio: 3.68% |
Conventional, FHA | 15 | 2.3% | 80% | $198,333 | View |
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1 office in Schenectady 5000 Queen Philomena Blvd, Schenectady, NY 12304 A+5.0 ★Texas Ratio: 4.11% |
Conventional, FHA, HELOC | 9 +1 HELOCs |
1.4% | 64.3% | $138,333 | View |
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1 office in Schenectady 1828 Altamont Ave, Schenectady, NY 12303 A+5.0 ★Texas Ratio: 3.19% |
Conventional | 9 | 1.4% | 90% | $56,111 | View |
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1 office in Schenectady 1963 Altamont Ave, Schenectady, NY 12303 A+5.0 ★Texas Ratio: 1.96% |
Conventional, HELOC | 8 +3 HELOCs |
1.2% | 88.9% | $187,500 | View |
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1 office in Schenectady 26 E Church St, Adams, NY 13605 A+5.0 ★Texas Ratio: 3.83% |
Conventional | 6 | 0.9% | 75% | $291,666 | View |
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1 office in Schenectady 1725 Altamont Ave, Schenectady, NY 12303 A+5.0 ★Texas Ratio: 5.44% |
Conventional, FHA, HELOC | 4 +25 HELOCs |
0.6% | 66.7% | $192,500 | View |
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1 office in Schenectady 2 Rush St, Schenectady, NY 12305 A+5.0 ★Texas Ratio: 3.61% |
Conventional | 4 | 0.6% | 80% | $130,000 | View |
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1 office in Schenectady 433 State St, Schenectady, NY 12305 A+5.0 ★Texas Ratio: 3.43% |
Conventional, HELOC | 2 +2 HELOCs |
0.3% | 100% | $240,000 | View |
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3 offices in Schenectady 1428 Altamont Ave, Schenectady, NY 12303 A+5.0 ★Texas Ratio: 4.14% |
Conventional, HELOC | 2 +2 HELOCs |
0.3% | 33.3% | $205,000 | View |
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180 N Main St, Alfred, NY 14802 A5.0 ★Texas Ratio: 8.82% |
Conventional, FHA, VA | 53 | 8.2% | 100% | $219,716 | View |
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1616 Broadway, Schenectady, NY 12306 A5.0 ★Texas Ratio: 10.47% |
Conventional, FHA, VA, HELOC | 33 +16 HELOCs |
5.1% | 79.2% | $155,303 | View |
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3085 Carman Rd, Schenectady, NY 12303 4550 A+5.0 ★Texas Ratio: 3.76% |
Conventional, HELOC | 21 +10 HELOCs |
3.3% | 80.8% | $85,000 | View |
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1704 Western Ave Ste 7, Albany, NY 12203 A+5.0 ★Texas Ratio: 3.35% |
Conventional, HELOC | 2 +3 HELOCs |
0.3% | 75% | $210,000 | View |
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1973 Western Ave, Albany, NY 12203 A+5.0 ★Texas Ratio: 1.90% |
Conventional | 2 | 0.3% | 100% | $135,000 | View |
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921 Saw Mill River Rd, Ardsley, NY 10502 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 2 | 0.3% | 66.7% | $170,000 | View |
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4839 State Highway 30, Amsterdam, NY 12010 A5.0 ★Texas Ratio: 6.03% |
Conventional | 2 | 0.3% | 100% | $220,000 | View |
Better Mortgage Corporation
300 Crosspoint Pkwy, Getzville, NY 14068 1606 |
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 25% | $205,000 | |
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125 State St, Albany, NY 12207 A+5.0 ★Texas Ratio: 3.71% |
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $215,000 | View |
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1145 Willis Ave, Albertson, NY 11507 1232 B+4.8 ★Texas Ratio: 17.52% |
FHA | 1 | 0.2% | 100% | $285,000 | View |
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110 Merrick Rd, Amityville, NY 11701 D3.3 ★Texas Ratio: 35.11% |
FHA | 1 | 0.2% | 100% | $275,000 | View |
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35 Niver St, Cohoes, NY 12047 A+5.0 ★Texas Ratio: 5.82% |
Conventional | 1 | 0.2% | 50% | $35,000 | View |
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252 Broadway, Brooklyn, NY 11211 A5.0 ★Texas Ratio: 9.27% |
FHA | 1 | 0.2% | 100% | $275,000 | View |
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3200 Balltown Rd, Schenectady, NY 12304 A5.0 ★Texas Ratio: 6.36% |
HELOC | 0 +101 HELOCs |
0% | 0% | ||
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★ 1.7 stars, 3 reviews 200 Broadway, New York, NY 10038 A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Homestead Funding Corp.
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Conventional, FHA, VA | 69 | 10.7% | 97.2% | $213,985 | |
Premium Mortgage Corporation
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Conventional, FHA | 26 | 4% | 96.3% | $245,384 | |
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A+5.0 ★Texas Ratio: 2.85% |
Conventional, FHA | 12 | 1.9% | 100% | $213,333 | View |
Reliance First Capital, LLC
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FHA | 4 | 0.6% | 100% | $177,500 | |
Blair Services of America, Inc
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Conventional, FHA | 2 | 0.3% | 100% | $180,000 | |
National Bank of Coxsackie
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Conventional | 1 | 0.2% | 100% | $245,000 | |
Nationwide Mortgage Bankers, Inc.
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Conventional | 1 | 0.2% | 100% | $125,000 | |
Meadowbrook Financial Mortgage Bankers Corp.
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Conventional | 1 | 0.2% | 50% | $215,000 | |
Hunt Mortgage Corporation
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FHA | 1 | 0.2% | 66.7% | $245,000 | |
United Wholesale Mortgage
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Conventional, FHA, VA, HELOC | 75 +1 HELOCs |
11.6% | 89.5% | $239,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 65 | 10.1% | 61.1% | $163,000 | |
Newrez LLC
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Conventional, FHA | 12 | 1.9% | 44.4% | $230,000 | |
loanDepot.com LLC
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Conventional, FHA | 11 | 1.7% | 68.8% | $112,272 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA | 10 | 1.5% | 66.7% | $231,000 | |
New American Funding, LLC.
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Conventional, FHA | 9 | 1.4% | 90% | $285,000 | |
Mortgage Research Center
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FHA, VA | 8 | 1.2% | 66.7% | $235,000 | |
Plaza Home Mortgage, Inc
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Conventional, FHA | 8 | 1.2% | 61.5% | $251,250 | |
Guaranteed Rate, Inc.
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Conventional, FHA | 6 | 0.9% | 100% | $263,333 | |
Freedom Mortgage Corporation
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FHA | 6 | 0.9% | 100% | $206,666 | |
Nationstar Mortgage
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Conventional, VA | 6 | 0.9% | 85.7% | $145,000 | |
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A5.0 ★Texas Ratio: 8.14% |
Conventional, VA | 6 | 0.9% | 75% | $161,666 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 5 | 0.8% | 71.4% | $259,000 | |
Carrington Mortgage Services LLC
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FHA | 5 | 0.8% | 53.3% | $191,000 | |
Fairway Independent Mort Corp
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Conventional, FHA | 4 | 0.6% | 44.4% | $225,000 | |
Royal United Mortgage LLC
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Conventional, FHA | 3 | 0.5% | 100% | $131,666 | |
Guidance Residential, LLC
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Conventional | 3 | 0.5% | 100% | $248,333 | |
HomeBridge Financial Services, Inc
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Conventional, HELOC | 2 +3 HELOCs |
0.3% | 66.7% | $220,000 | |
Norwich Commercial Group Inc
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FHA | 2 | 0.3% | 100% | $305,000 | |
Movement Mortgage, LLC
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Conventional, VA | 2 | 0.3% | 100% | $255,000 | |
Total Mortgage Services, LLC
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Conventional | 2 | 0.3% | 100% | $195,000 | |
Planet Home Lending, LLC
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FHA | 2 | 0.3% | 100% | $180,000 | |
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B+4.8 ★Texas Ratio: 16.98% |
FHA, VA | 2 | 0.3% | 66.7% | $255,000 | View |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 1 | 0.2% | 100% | $175,000 | View |
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D3.5 ★Texas Ratio: 32.93% |
Conventional | 1 | 0.2% | 100% | $175,000 | View |
Allied Mortgage Group, Inc
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VA | 1 | 0.2% | 100% | $305,000 | |
Dart Bank
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FHA | 1 | 0.2% | 100% | $275,000 | |
American Financial Network, Inc.
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Conventional | 1 | 0.2% | 100% | $225,000 | |
Cmg Mortgage Inc
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Conventional | 1 | 0.2% | 100% | $135,000 | |
MLB Residential Lending, LLC
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FHA | 1 | 0.2% | 50% | $205,000 | |
Cardinal Financial Company, Li
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FHA | 1 | 0.2% | 100% | $205,000 | |
Uif Corporation
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Conventional | 1 | 0.2% | 100% | $105,000 | |
1St 2Nd Mortgage Company of N.J., Inc.
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VA | 1 | 0.2% | 100% | $305,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.2% | 100% | $195,000 | View |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a |
Schenectady Mortgage Rate Trends
Daily average mortgage rates for New York compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Schenectady, New York
Looking for mortgage lenders near me or mortgage brokers near me in Schenectady? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Schenectady in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Schenectady, NY
Use these to narrow the list above. Each category shows how many Schenectady, NY lenders fit and what that kind of lender is usually best for.
Who Lends in Schenectady, NY
Independent mortgage companies closed 57.6 percent of home loans in Schenectady, New York in 2025, banks 24 percent and credit unions 18.4 percent. Better Mortgage Corporation was the largest mortgage company, Trustco Bank the largest bank and SEFCU Services, LLC the largest credit union. Among lenders headquartered in New York, Trustco Bank led with 46 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Attorneys customarily handle closings in New York. State mortgage recording tax of 0.5 percent plus a 0.25 percent special additional tax (paid by the lender on one to six family homes) and 0.25 percent more in the MCTD counties; in New York City the combined rate is 2.05 percent under $500,000 and 2.175 percent at or above, of which the borrower effectively pays 1.8 or 1.925 percent. State transfer tax is $2 per $500 plus a 1 percent mansion tax on homes of $1 million or more; NYC adds its own 1 to 1.425 percent RPTT. A CEMA (consolidation, extension and modification agreement) assigns the old mortgage to the new lender so recording tax is paid only on new money, and is standard practice for refinances and many purchases.
More New York Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Schenectady, NY
By home loans closed in 2025, Trustco Bank was the largest mortgage lender in Schenectady, New York with 46 loans, about 7.1 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Schenectady, New York, SEFCU Services, LLC approved the highest share of completed applications in 2025 at 100 percent, against a 78.4 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
35 lenders closed FHA loans in Schenectady, New York in 2025, led by United Wholesale Mortgage with 24. 14 lenders closed VA loans, led by Mortgage Research Center. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 22 banks and 9 credit unions closed home loans in Schenectady, New York in 2025, alongside 40 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Schenectady, New York during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Schenectady, New York for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Schenectady. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
