Safe Rate Rankings

Best Conventional Mortgage Lenders in Binghamton

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders30

Total Loans1,440

Median Rate Spread0.38%

Binghamton Market Insights

Homestead Funding is Safe Rate's top-ranked Conventional lender in Binghamton, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Binghamton, Empower Federal Credit Union and Nbt Bank National Association scores highest on Conventional pricing while Rocket Mortgage and Sefcu Services leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #9 in Binghamton, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in Binghamton: Rocket Mortgage (#6) and Homestead Funding (#1).

Explore Rankings by Type

Overall Rankings

All lenders in Binghamton

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By Institution Type

Banks Credit Unions Mortgage Companies

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	HOMESTEAD FUNDING CORP. Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Exceptional	Exceptional	$1,137Fees	0.138%Above	347
2	SEFCU SERVICES, LLC Independent Mortgage CompanyDirect	Exceptional	Strong	Exceptional	Exceptional	Strong	$1,055Fees	0.193%Below	67
3	Empower Federal Credit Union Credit UnionDirect	Strong	Exceptional	Strong	Exceptional	Strong	—	—	32
4	Tompkins Community Bank BankDirect	Strong	Exceptional	Strong	Exceptional	Strong	$902Fees	0.027%Above	43
5	PREMIUM MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Exceptional	Strong	$848Fees	0.246%Above	54
6	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,164Fees	0.775%Above	177
7	Manufacturers and Traders Trust Company BankDirect	Strong	Sound	Exceptional	Strong	Strong	$1,100Fees	0.505%Above	107
8	1ST PRIORITY MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Exceptional	$2,143Fees	0.321%Above	100
9	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Exceptional	Sound	$2,314Fees	0.377%Above	37
10	NBT Bank, National Association BankDirect	Strong	Exceptional	Strong	Strong	Sound	$974Fees	0.018%Below	25
11	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Sound	$125Fees	0.147%Below	12
12	Community Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Strong	$552Fees	0.703%Above	62
13	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Sound	$1,844Fees	0.367%Above	24
14	Chemung Canal Trust Company BankDirect	Strong	Exceptional	Sound	Strong	Sound	$341Fees	0.014%Below	13
15	KeyBank National Association BankDirect	Strong	Strong	Exceptional	Strong	Sound	$1,412Fees	0.233%Above	17
16	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Sound	$1,600Fees	0.008%Below	14
17	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Sound	$2,324Fees	0.387%Above	15
18	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Sound	$1,662Fees	0.542%Above	13
19	EVERETT FINANCIAL, INC. Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Strong	$2,242Fees	0.414%Above	72
20	Visions Federal Credit Union Credit UnionDirect	Strong	Strong	Sound	Acceptable	Exceptional	$865Fees	0.202%Above	63
21	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Sound	$3,543Fees	0.888%Above	11
22	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Sound*	Exceptional	Sound	Sound	$570Fees	0.001%Below	12
23	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Exceptional	Strong	Acceptable	$3,012Fees	0.657%Above	10
24	NEWREZ LLC Independent Mortgage CompanyDirect & Wholesale	Sound	Acceptable*	Exceptional	Sound	Sound	$3,254Fees	0.894%Above	11
25	ABSOLUTE HOME MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Sound	Strong	$2,944Fees	0.747%Above	36
26	USAA Federal Savings Bank BankDirect	Sound	Sound	Strong	Acceptable	Sound	$1,971Fees	0.315%Above	14
27	CITIZENS & NORTHERN BANK BankDirect	Sound	Acceptable	Strong	Sound	Sound	$2,420Fees	0.660%Above	15

❓ Frequently Asked Questions

How are mortgage lenders ranked in Binghamton, NY?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Binghamton, NY), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Binghamton, NY?+

Based on 2024 HMDA data, 30 lenders originated a combined 1,440 loans in Binghamton, NY. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Binghamton, NY?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Binghamton, NY is 0.38%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Binghamton, NY's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.