Cortland USDA Loan Rates, Closing Costs & Stats

Cortland, NY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Cortland USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cortland averaged 6.25% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Cortland's average USDA mortgage closing costs are $4,851.

    The average rate for the prior week (2025-02-07) was 6.41% and one month ago for the week of 2025-01-10, the average rate was 6.56%.

    The average rate one year ago was 6.15%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.73%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Cortland USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Cortland level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs

    The lowest fee Cortland USDA lenders (with over 10 loans originated) are .

    The lowest rate Cortland USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cortland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $120,825 (-6.3%) $144,858 (-9.7%) 0.00 186
    2018-02-01 $119,900 (-4.1%) $143,806 (-8.7%) 0.00 183
    2018-03-01 $119,450 (-7.7%) $144,479 (-8.2%) 0.00 167
    2018-04-01 $118,125 (-9.1%) $144,116 (-14.5%) 0.00 181
    2018-05-01 $124,925 (-3.5%) $145,157 (-13.1%) 0.00 172
    2018-06-01 $125,000 (-12.1%) $153,295 (-11.7%) 0.00 184
    2018-07-01 $129,900 (-7.2%) $152,232 (-10.7%) 0.00 215
    2018-08-01 $126,500 (-6.3%) $148,840 (-10.6%) 0.00 207
    2018-09-01 $121,700 (-9.8%) $144,340 (-10.9%) 0.00 211
    2018-10-01 $118,700 (-5.8%) $145,396 (-6.8%) 0.00 211
    2018-11-01 $114,975 (-5.7%) $141,745 (-8.5%) 0.00 196
    2018-12-01 $109,000 (-9.1%) $134,857 (-12.3%) 0.00 186
    2019-01-01 $112,000 (-7.3%) $140,350 (-3.1%) 0.00 165
    2019-02-01 $99,900 (-16.7%) $136,250 (-5.3%) 0.00 155
    2019-03-01 $99,900 (-16.4%) $141,035 (-2.4%) 0.00 157
    2019-04-01 $99,900 (-15.4%) $145,640 (1.1%) 0.00 150
    2019-05-01 $120,350 (-3.7%) $148,446 (2.3%) 0.00 162
    2019-06-01 $129,900 (3.9%) $154,252 (0.6%) 0.00 182
    2019-07-01 $136,950 (5.4%) $168,466 (10.7%) 0.00 187
    2019-08-01 $131,582 (4.0%) $162,845 (9.4%) 0.00 184
    2019-09-01 $130,130 (6.9%) $156,254 (8.3%) 0.00 184
    2019-10-01 $129,611 (9.2%) $155,920 (7.2%) 0.00 182
    2019-11-01 $127,200 (10.6%) $158,693 (12.0%) 0.00 175
    2019-12-01 $118,075 (8.3%) $155,706 (15.5%) 0.00 151
    2020-01-01 $117,425 (4.8%) $156,831 (11.7%) 0.00 139
    2020-02-01 $127,750 (27.9%) $168,807 (23.9%) 0.00 138
    2020-03-01 $129,900 (30.0%) $168,334 (19.4%) 0.00 135
    2020-04-01 $132,400 (32.5%) $172,337 (18.3%) 0.00 126
    2020-05-01 $134,900 (12.1%) $168,775 (13.7%) 0.00 124
    2020-06-01 $150,700 (16.0%) $175,389 (13.7%) 0.00 134
    2020-07-01 $148,750 (8.6%) $169,859 (0.8%) 0.00 130
    2020-08-01 $145,000 (10.2%) $180,056 (10.6%) 0.00 121
    2020-09-01 $134,450 (3.3%) $168,759 (8.0%) 0.00 117
    2020-10-01 $126,400 (-2.5%) $172,961 (10.9%) 0.00 113
    2020-11-01 $152,000 (19.5%) $189,811 (19.6%) 0.00 100
    2020-12-01 $165,700 (40.3%) $221,994 (42.6%) 0.00 80
    2021-01-01 $149,900 (27.7%) $228,398 (45.6%) 0.00 74
    2021-02-01 $149,900 (17.3%) $229,052 (35.7%) 0.00 71
    2021-03-01 $149,800 (15.3%) $233,183 (38.5%) 0.00 64
    2021-04-01 $162,125 (22.5%) $192,865 (11.9%) 0.00 62
    2021-05-01 $176,200 (30.6%) $195,955 (16.1%) 0.00 61
    2021-06-01 $175,525 (16.5%) $202,031 (15.2%) 0.00 62
    2021-07-01 $169,000 (13.6%) $197,174 (16.1%) 0.00 74
    2021-08-01 $154,450 (6.5%) $206,593 (14.7%) 0.00 79
    2021-09-01 $157,175 (16.9%) $226,382 (34.2%) 0.00 75
    2021-10-01 $160,000 (26.6%) $248,535 (43.7%) 0.00 67
    2021-11-01 $189,675 (24.8%) $250,122 (31.8%) 0.00 63
    2021-12-01 $195,725 (18.1%) $277,186 (24.9%) 0.00 57
    2022-01-01 $179,950 (20.1%) $255,915 (12.1%) 0.00 48
    2022-02-01 $179,975 (20.1%) $258,254 (12.8%) 0.00 48
    2022-03-01 $180,950 (20.8%) $247,195 (6.0%) 0.00 53
    2022-04-01 $174,950 (7.9%) $240,884 (24.9%) 0.00 53
    2022-05-01 $189,875 (7.8%) $238,548 (21.7%) 0.00 46
    2022-06-01 $200,000 (13.9%) $262,968 (30.2%) 0.00 44
    2022-07-01 $194,900 (15.3%) $258,940 (31.3%) 0.00 46
    2022-08-01 $182,175 (18.0%) $208,536 (0.9%) 0.00 58
    2022-09-01 $172,450 (9.7%) $210,755 (-6.9%) 0.00 56
    2022-10-01 $179,500 (12.2%) $213,308 (-14.2%) 0.00 62
    2022-11-01 $210,675 (11.1%) $224,234 (-10.4%) 0.00 59
    2022-12-01 $177,900 (-9.1%) $207,274 (-25.2%) 0.00 56
    2023-01-01 $142,825 (-20.6%) $192,737 (-24.7%) 0.00 44
    2023-02-01 $139,425 (-22.5%) $197,419 (-23.6%) 0.00 37
    2023-03-01 $132,000 (-27.1%) $186,181 (-24.7%) 0.00 42
    2023-04-01 $159,900 (-8.6%) $204,825 (-15.0%) 0.00 39
    2023-05-01 $158,000 (-16.8%) $197,264 (-17.3%) 0.00 45
    2023-06-01 $166,950 (-16.5%) $212,598 (-19.2%) 0.00 47
    2023-07-01 $177,450 (-9.0%) $238,742 (-7.8%) 0.00 51
    2023-08-01 $198,725 (9.1%) $256,380 (22.9%) 0.00 58
    2023-09-01 $234,450 (36.0%) $286,566 (36.0%) 0.00 56
    2023-10-01 $221,748 (23.5%) $271,049 (27.1%) 0.00 55
    2023-11-01 $180,000 (-14.6%) $251,728 (12.3%) 0.00 53
    2023-12-01 $179,900 (1.1%) $259,306 (25.1%) 0.00 47
    2024-01-01 $191,000 (33.7%) $224,265 (16.4%) 0.00 43
    2024-02-01 $171,225 (22.8%) $200,066 (1.3%) 0.00 38
    2024-03-01 $185,900 (40.8%) $201,832 (8.4%) 0.00 34
    2024-04-01 $223,225 (39.6%) $248,119 (21.1%) 0.00 30
    2024-05-01 $220,750 (39.7%) $253,323 (28.4%) 0.00 40
    2024-06-01 $204,900 (22.7%) $275,805 (29.7%) 0.00 38
    2024-07-01 $188,175 (6.0%) $251,370 (5.3%) 0.00 43
    2024-08-01 $187,450 (-5.7%) $262,139 (2.3%) 0.00 40
    2024-09-01 $182,250 (-22.3%) $253,483 (-11.5%) 0.00 35
    2024-10-01 $186,975 (-15.7%) $260,297 (-4.0%) 0.00 35
    2024-11-01 $189,900 (5.5%) $289,947 (15.2%) 0.00 39
    2024-12-01 $193,450 (7.5%) $314,071 (21.1%) 0.00 31
    2025-01-01 $179,000 (-6.3%) $273,909 (22.1%) 0.00 32
    Cortland's median listing price for 2025-01-01 was $179,000, a difference of $-12,000 (-6.3%) versus the prior year and $-14,450 versus the prior month.

    Cortland's median listing price comes in at 0% of the national average.

    Cortland's average listing price for 2025-01-01 was $273,909, a difference of $49,644 (22.1%) versus the prior year and $-40,162 versus the prior month.

    For the 2025-01-01 period, Cortland had 32 MLS listings, a difference of 1 listings (3%) versus the prior month and -11 listings (-26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cortland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,493 sqft
    2018-02-01 0 days 1,476 sqft
    2018-03-01 0 days 1,470 sqft
    2018-04-01 0 days 1,476 sqft
    2018-05-01 0 days 1,471 sqft
    2018-06-01 0 days 1,518 sqft
    2018-07-01 0 days 1,557 sqft
    2018-08-01 0 days 1,520 sqft
    2018-09-01 0 days 1,460 sqft
    2018-10-01 0 days 1,453 sqft
    2018-11-01 0 days 1,420 sqft
    2018-12-01 0 days 1,320 sqft
    2019-01-01 0 days 1,335 sqft
    2019-02-01 0 days 1,354 sqft
    2019-03-01 0 days 1,375 sqft
    2019-04-01 0 days 1,360 sqft
    2019-05-01 0 days 1,426 sqft
    2019-06-01 0 days 1,489 sqft
    2019-07-01 0 days 1,488 sqft
    2019-08-01 0 days 1,485 sqft
    2019-09-01 0 days 1,518 sqft
    2019-10-01 0 days 1,538 sqft
    2019-11-01 0 days 1,534 sqft
    2019-12-01 0 days 1,427 sqft
    2020-01-01 0 days 1,432 sqft
    2020-02-01 0 days 1,510 sqft
    2020-03-01 0 days 1,493 sqft
    2020-04-01 0 days 1,414 sqft
    2020-05-01 0 days 1,440 sqft
    2020-06-01 0 days 1,537 sqft
    2020-07-01 0 days 1,596 sqft
    2020-08-01 0 days 1,574 sqft
    2020-09-01 0 days 1,573 sqft
    2020-10-01 0 days 1,505 sqft
    2020-11-01 0 days 1,619 sqft
    2020-12-01 0 days 1,676 sqft
    2021-01-01 0 days 1,761 sqft
    2021-02-01 0 days 1,733 sqft
    2021-03-01 0 days 1,671 sqft
    2021-04-01 0 days 1,690 sqft
    2021-05-01 0 days 1,680 sqft
    2021-06-01 0 days 1,579 sqft
    2021-07-01 0 days 1,645 sqft
    2021-08-01 0 days 1,663 sqft
    2021-09-01 0 days 1,656 sqft
    2021-10-01 0 days 1,730 sqft
    2021-11-01 0 days 1,632 sqft
    2021-12-01 0 days 1,730 sqft
    2022-01-01 0 days 1,730 sqft
    2022-02-01 0 days 1,737 sqft
    2022-03-01 0 days 1,692 sqft
    2022-04-01 0 days 1,717 sqft
    2022-05-01 0 days 1,705 sqft
    2022-06-01 0 days 1,667 sqft
    2022-07-01 0 days 1,728 sqft
    2022-08-01 0 days 1,649 sqft
    2022-09-01 0 days 1,652 sqft
    2022-10-01 0 days 1,657 sqft
    2022-11-01 0 days 1,696 sqft
    2022-12-01 0 days 1,666 sqft
    2023-01-01 0 days 1,619 sqft
    2023-02-01 0 days 1,337 sqft
    2023-03-01 0 days 1,499 sqft
    2023-04-01 0 days 1,614 sqft
    2023-05-01 0 days 1,391 sqft
    2023-06-01 0 days 1,469 sqft
    2023-07-01 0 days 1,550 sqft
    2023-08-01 0 days 1,516 sqft
    2023-09-01 0 days 1,710 sqft
    2023-10-01 0 days 1,684 sqft
    2023-11-01 0 days 1,667 sqft
    2023-12-01 0 days 1,687 sqft
    2024-01-01 0 days 1,677 sqft
    2024-02-01 0 days 1,602 sqft
    2024-03-01 0 days 1,572 sqft
    2024-04-01 0 days 1,754 sqft
    2024-05-01 0 days 1,885 sqft
    2024-06-01 0 days 1,688 sqft
    2024-07-01 0 days 1,507 sqft
    2024-08-01 0 days 1,465 sqft
    2024-09-01 0 days 1,368 sqft
    2024-10-01 0 days 1,432 sqft
    2024-11-01 0 days 1,568 sqft
    2024-12-01 0 days 1,638 sqft
    2025-01-01 0 days 1,553 sqft
    Cortland's median listing age (time on market) for 2025-01-01 was 0 days.

    Cortland's median square footage for active listings during the 2025-01-01 period was 1,553 sqft. One year prior, the average listing was 1,677 sqft.