Cordele Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cordele averaged
6.97%
for the week of 2025-02-13, compared to the national average of
6.87% for the same period.
The average rate for the prior week (2025-02-06) was
6.79% and
one month ago for the week of 2025-01-09, the
average rate was 6.73%.
Cordele's average rate one year ago was 6.84%.
For refis of the same type during the week of 2025-02-13, the average rate
was 7.17%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-02-13 | 6.87% |
Cordele 30 Year Fixed Rate | 2025-02-13 | 6.97% |
Cordele 30 Year Fixed Rate Refi | 2025-02-13 | 7.17% |
Cordele 15 Year Fixed Rate | 2025-02-13 | 6.09% |
Cordele 15 Year Fixed Rate Refi | 2025-02-13 | 6.19% |
Cordele 30 Year FHA | 2025-02-13 | 6.52% |
Cordele 30 Year FHA Refi | 2025-02-13 | 6.32% |
Cordele 30 Year USDA | 2025-02-13 | 6.43% |
Cordele 30 Year USDA Refi | 2025-02-13 | 6.73% |
Cordele 30 Year VA | 2025-02-13 | 6.33% |
Cordele 30 Year VA Refi | 2025-02-13 | 6.43% |
Cordele Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Cordele, GA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Cordele Average Closing Costs & Other Stats
Cordele, GA's 28 lenders originated 173
loans during 2023. The total origination value was $35,645,000, with an average loan value of
$206,040.
Cordele's average closing costs are $5,199.
The top Cordele lender as defined by loan originations is QUICKEN LOANS, LLC, with
8 loans originated. Their average total fees are
$5,753, which is $871
higher than the next largest lender,
Capital City Home Loans, LLC.
The lowest fee Cordele lenders (with over 10 loans originated) are
.
The lowest rate Cordele lenders (with over 10 loans originated) are
.
Cordele, GA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
FIRST TECHNOLOGY | $5,745,000 | n/a | 16.1% | |
QUICKEN LOANS, LLC | $4,210,000 | $3,430,000 | -18.5% | 9.6% |
Capital City Home Loans, LLC | $3,315,000 | $1,910,000 | -42.4% | 5.4% |
Flagstar Bank, FSB | $450,000 | $1,330,000 | 195.6% | 3.7% |
Colony Bank | $4,360,000 | $1,240,000 | -71.6% | 3.5% |
NAVY FEDERAL CREDIT UNION | $540,000 | $1,200,000 | 122.2% | 3.4% |
PLANTERS FIRST BANK | $1,885,000 | $1,095,000 | -41.9% | 3.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $380,000 | $960,000 | 152.6% | 2.7% |
FREEDOM MORTGAGE CORPORATION | $240,000 | $955,000 | 297.9% | 2.7% |
UNITED WHOLESALE MORTGAGE, LLC | $1,245,000 | $940,000 | -24.5% | 2.6% |
PENNYMAC LOAN SERVICES, LLC | $585,000 | $930,000 | 59.0% | 2.6% |
ACOPIA, LLC | $2,145,000 | $895,000 | -58.3% | 2.5% |
21ST MORTGAGE CORPORATION | $85,000 | $695,000 | 717.6% | 1.9% |
ServisFirst Bank | $690,000 | n/a | 1.9% | |
Paramount Residential Mortgage Group, Inc. | $505,000 | $655,000 | 29.7% | 1.8% |
AMERISAVE MORTGAGE CORPORATION | $635,000 | n/a | 1.8% | |
Regions Bank | $650,000 | $595,000 | -8.5% | 1.7% |
Flint Community Bank | $1,185,000 | $535,000 | -54.9% | 1.5% |
First State Bank of Blakely, Inc. | $100,000 | $525,000 | 425.0% | 1.5% |
CALIBER HOME LOANS, INC. | $850,000 | $475,000 | -44.1% | 1.3% |
CROSSCOUNTRY MORTGAGE, LLC | $275,000 | $450,000 | 63.6% | 1.3% |
ROBINS FINANCIAL | $360,000 | $435,000 | 20.8% | 1.2% |
Mr. Cooper ( Nationstar Mortgage ) | $890,000 | $425,000 | -52.2% | 1.2% |
GUILD MORTGAGE COMPANY | $725,000 | $420,000 | -42.1% | 1.2% |
FIRST COLONY MORTGAGE CORPORATION | $415,000 | n/a | 1.2% | |
TOWNE MORTGAGE COMPANY | $350,000 | $385,000 | 10.0% | 1.1% |
Truist | $380,000 | n/a | 1.1% | |
Mortgage Research Center, LLC | $1,465,000 | $375,000 | -74.4% | 1.1% |
BROKER SOLUTIONS, INC. | $45,000 | $320,000 | 611.1% | 0.9% |
MID AMERICA MORTGAGE, INC. | $320,000 | n/a | 0.9% | |
Ameris Bank | $680,000 | $295,000 | -56.6% | 0.8% |
LOANDEPOT.COM, LLC | $85,000 | $250,000 | 194.1% | 0.7% |
LOANPAL, LLC | $235,000 | n/a | 0.7% | |
USAA Federal Savings Bank | $105,000 | $215,000 | 104.8% | 0.6% |
CMG MORTGAGE, INC. | $205,000 | n/a | 0.6% | |
CHURCHILL MORTGAGE CORPORATION | $85,000 | $185,000 | 117.6% | 0.5% |
MOVEMENT MORTGAGE, LLC | $165,000 | n/a | 0.5% | |
BancorpSouth | $155,000 | n/a | 0.4% | |
Citizens Community Bank | $660,000 | $155,000 | -76.5% | 0.4% |
GUARANTEED RATE, INC. | $325,000 | $155,000 | -52.3% | 0.4% |
TRIAD FINANCIAL SERVICES, INC. | $185,000 | $150,000 | -18.9% | 0.4% |
AMERICAN FINANCIAL NETWORK, INC. | $145,000 | n/a | 0.4% | |
THRIVE MORTGAGE, LLC | $145,000 | n/a | 0.4% | |
ACADEMY MORTGAGE CORPORATION | $135,000 | n/a | 0.4% | |
CARDINAL FINANCIAL | $345,000 | $135,000 | -60.9% | 0.4% |
JPMorgan Chase Bank | $240,000 | $125,000 | -47.9% | 0.4% |
LEADERONE FINANCIAL CORPORATION | $125,000 | n/a | 0.4% | |
NATIONWIDE MORTGAGE BANKERS, INC. | $125,000 | n/a | 0.4% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $965,000 | $125,000 | -87.0% | 0.4% |
Fifth Third Bank | $105,000 | n/a | 0.3% | |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $95,000 | n/a | 0.3% | |
SOUTHPOINT FINANCIAL SERVICES, INC. | $305,000 | $95,000 | -68.9% | 0.3% |
SOUTHWEST STAGE FUNDING, LLC | $395,000 | $95,000 | -75.9% | 0.3% |
SOUTHEASTERN Credit Union | $90,000 | n/a | 0.3% | |
Commercial Banking Company | $850,000 | $85,000 | -90.0% | 0.2% |
VAN DYK MORTGAGE CORPORATION | $85,000 | n/a | 0.2% | |
FINANCE OF AMERICA REVERSE LLC | $75,000 | n/a | 0.2% | |
GEORGIA'S OWN | $85,000 | $75,000 | -11.8% | 0.2% |
SPRING EQ, LLC | $75,000 | n/a | 0.2% | |
Figure Lending LLC | $65,000 | n/a | 0.2% | |
Citizens Bank | $55,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $45,000 | n/a | 0.1% | |
Talbot State Bank | $25,000 | n/a | 0.1% |
Cordele's top lender by overall market share is FIRST TECHNOLOGY, with 16.1% market share. In second place, with 9.6%, is QUICKEN LOANS, LLC, having originated $3,430,000 in loans. In third place, with 5.4%, is Capital City Home Loans, LLC, having originated $1,910,000 in loans. In fourth place, with 3.7%, is Flagstar Bank, FSB, having originated $1,330,000 in loans. In fifth place, with 3.5%, is Colony Bank, having originated $1,240,000 in loans.
Cordele Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Cordele (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $223,625 (24.6%) | $263,131 (2.5%) | 0.00 | 87 |
2018-02-01 | $223,750 (24.5%) | $262,769 (2.4%) | 0.00 | 87 |
2018-03-01 | $217,500 (12.3%) | $260,566 (0.1%) | 0.00 | 93 |
2018-04-01 | $222,000 (14.7%) | $255,838 (0.8%) | 0.00 | 107 |
2018-05-01 | $233,500 (22.6%) | $261,275 (3.3%) | 0.00 | 109 |
2018-06-01 | $229,900 (19.7%) | $255,244 (0.0%) | 0.00 | 111 |
2018-07-01 | $229,725 (15.4%) | $259,125 (-3.1%) | 0.00 | 115 |
2018-08-01 | $218,250 (-0.6%) | $257,049 (-4.4%) | 0.00 | 119 |
2018-09-01 | $212,449 (-1.2%) | $262,516 (-2.3%) | 0.00 | 124 |
2018-10-01 | $206,975 (-8.7%) | $258,955 (-6.0%) | 0.00 | 119 |
2018-11-01 | $198,500 (-11.1%) | $248,005 (-7.8%) | 0.00 | 112 |
2018-12-01 | $198,250 (-12.8%) | $247,569 (-8.3%) | 0.00 | 112 |
2019-01-01 | $223,050 (-0.3%) | $273,925 (4.1%) | 0.00 | 92 |
2019-02-01 | $222,600 (-0.5%) | $271,018 (3.1%) | 0.00 | 98 |
2019-03-01 | $225,429 (3.7%) | $272,338 (4.5%) | 0.00 | 96 |
2019-04-01 | $209,554 (-5.6%) | $262,527 (2.6%) | 0.00 | 94 |
2019-05-01 | $218,875 (-6.3%) | $269,137 (3.0%) | 0.00 | 90 |
2019-06-01 | $235,000 (2.2%) | $274,355 (7.5%) | 0.00 | 85 |
2019-07-01 | $232,500 (1.2%) | $273,072 (5.4%) | 0.00 | 85 |
2019-08-01 | $200,395 (-8.2%) | $260,261 (1.3%) | 0.00 | 80 |
2019-09-01 | $178,489 (-16.0%) | $244,381 (-6.9%) | 0.00 | 77 |
2019-10-01 | $161,450 (-22.0%) | $233,299 (-9.9%) | 0.00 | 72 |
2019-11-01 | $179,000 (-9.8%) | $232,029 (-6.4%) | 0.00 | 73 |
2019-12-01 | $179,000 (-9.7%) | $236,909 (-4.3%) | 0.00 | 75 |
2020-01-01 | $187,250 (-16.1%) | $244,363 (-10.8%) | 0.00 | 77 |
2020-02-01 | $217,500 (-2.3%) | $260,207 (-4.0%) | 0.00 | 75 |
2020-03-01 | $225,000 (-0.2%) | $268,006 (-1.6%) | 0.00 | 72 |
2020-04-01 | $213,750 (2.0%) | $262,283 (-0.1%) | 0.00 | 72 |
2020-05-01 | $210,000 (-4.1%) | $261,485 (-2.8%) | 0.00 | 71 |
2020-06-01 | $169,000 (-28.1%) | $265,381 (-3.3%) | 0.00 | 69 |
2020-07-01 | $194,500 (-16.3%) | $277,740 (1.7%) | 0.00 | 64 |
2020-08-01 | $195,000 (-2.7%) | $288,113 (10.7%) | 0.00 | 61 |
2020-09-01 | $250,000 (40.1%) | $306,773 (25.5%) | 0.00 | 61 |
2020-10-01 | $250,000 (54.9%) | $313,256 (34.3%) | 0.00 | 57 |
2020-11-01 | $258,500 (44.4%) | $324,480 (39.8%) | 0.00 | 46 |
2020-12-01 | $269,000 (50.3%) | $336,049 (41.9%) | 0.00 | 49 |
2021-01-01 | $255,000 (36.2%) | $315,757 (29.2%) | 0.00 | 46 |
2021-02-01 | $247,400 (13.8%) | $289,457 (11.2%) | 0.00 | 39 |
2021-03-01 | $228,725 (1.7%) | $300,633 (12.2%) | 0.00 | 42 |
2021-04-01 | $247,500 (15.8%) | $323,676 (23.4%) | 0.00 | 38 |
2021-05-01 | $233,400 (11.1%) | $299,633 (14.6%) | 0.00 | 33 |
2021-06-01 | $259,000 (53.3%) | $310,648 (17.1%) | 0.00 | 34 |
2021-07-01 | $260,000 (33.7%) | $323,231 (16.4%) | 0.00 | 37 |
2021-08-01 | $246,250 (26.3%) | $343,089 (19.1%) | 0.00 | 40 |
2021-09-01 | $254,500 (1.8%) | $337,220 (9.9%) | 0.00 | 38 |
2021-10-01 | $247,000 (-1.2%) | $334,005 (6.6%) | 0.00 | 42 |
2021-11-01 | $243,000 (-6.0%) | $307,639 (-5.2%) | 0.00 | 36 |
2021-12-01 | $175,000 (-34.9%) | $287,501 (-14.5%) | 0.00 | 31 |
2022-01-01 | $207,250 (-18.7%) | $303,623 (-3.8%) | 0.00 | 22 |
2022-02-01 | $189,250 (-23.5%) | $279,575 (-3.4%) | 0.00 | 22 |
2022-03-01 | $179,000 (-21.7%) | $269,153 (-10.5%) | 0.00 | 25 |
2022-04-01 | $235,000 (-5.1%) | $268,955 (-16.9%) | 0.00 | 21 |
2022-05-01 | $242,225 (3.8%) | $297,564 (-0.7%) | 0.00 | 32 |
2022-06-01 | $273,125 (5.5%) | $364,115 (17.2%) | 0.00 | 29 |
2022-07-01 | $254,000 (-2.3%) | $329,923 (2.1%) | 0.00 | 28 |
2022-08-01 | $254,000 (3.2%) | $347,816 (1.4%) | 0.00 | 33 |
2022-09-01 | $211,250 (-17.0%) | $351,660 (4.3%) | 0.00 | 35 |
2022-10-01 | $264,000 (6.9%) | $397,053 (18.9%) | 0.00 | 37 |
2022-11-01 | $245,250 (0.9%) | $350,481 (13.9%) | 0.00 | 48 |
2022-12-01 | $189,000 (8.0%) | $367,780 (27.9%) | 0.00 | 43 |
2023-01-01 | $275,750 (33.1%) | $387,260 (27.6%) | 0.00 | 49 |
2023-02-01 | $297,500 (57.2%) | $384,077 (37.4%) | 0.00 | 49 |
2023-03-01 | $320,000 (78.8%) | $390,757 (45.2%) | 0.00 | 49 |
2023-04-01 | $307,500 (30.9%) | $373,971 (39.1%) | 0.00 | 50 |
2023-05-01 | $288,225 (19.0%) | $377,483 (26.9%) | 0.00 | 49 |
2023-06-01 | $326,250 (19.5%) | $406,854 (11.7%) | 0.00 | 44 |
2023-07-01 | $315,000 (24.0%) | $396,959 (20.3%) | 0.00 | 49 |
2023-08-01 | $287,000 (13.0%) | $386,972 (11.3%) | 0.00 | 46 |
2023-09-01 | $289,000 (36.8%) | $382,073 (8.7%) | 0.00 | 45 |
2023-10-01 | $314,750 (19.2%) | $406,461 (2.4%) | 0.00 | 47 |
2023-11-01 | $313,500 (27.8%) | $379,831 (8.4%) | 0.00 | 52 |
2023-12-01 | $315,000 (66.7%) | $396,247 (7.7%) | 0.00 | 53 |
2024-01-01 | $273,500 (-0.8%) | $339,863 (-12.2%) | 0.00 | 51 |
2024-02-01 | $278,500 (-6.4%) | $318,939 (-17.0%) | 0.00 | 53 |
2024-03-01 | $315,000 (-1.6%) | $336,083 (-14.0%) | 0.00 | 54 |
2024-04-01 | $315,000 (2.4%) | $332,162 (-11.2%) | 0.00 | 56 |
2024-05-01 | $312,000 (8.3%) | $328,028 (-13.1%) | 0.00 | 61 |
2024-06-01 | $315,000 (-3.5%) | $339,989 (-16.4%) | 0.00 | 63 |
2024-07-01 | $314,750 (-0.1%) | $366,522 (-7.7%) | 0.00 | 70 |
2024-08-01 | $314,000 (9.4%) | $368,638 (-4.7%) | 0.00 | 71 |
2024-09-01 | $318,500 (10.2%) | $387,494 (1.4%) | 0.00 | 69 |
2024-10-01 | $320,000 (1.7%) | $406,030 (-0.1%) | 0.00 | 69 |
2024-11-01 | $320,000 (2.1%) | $429,155 (13.0%) | 0.00 | 65 |
2024-12-01 | $320,000 (1.6%) | $424,987 (7.3%) | 0.00 | 65 |
2025-01-01 | $322,950 (18.1%) | $445,622 (31.1%) | 0.00 | 63 |
Cordele's median listing price comes in at 0% of the national average.
Cordele's average listing price for 2025-01-01 was $445,622, a difference of $105,759 (31.1%) versus the prior year and $20,635 versus the prior month.
For the 2025-01-01 period, Cordele had 63 MLS listings, a difference of -2 listings (-3%) versus the prior month and 12 listings (24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cordele (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,558 sqft |
2018-02-01 | 0 days | 2,569 sqft |
2018-03-01 | 0 days | 2,365 sqft |
2018-04-01 | 0 days | 2,448 sqft |
2018-05-01 | 0 days | 2,571 sqft |
2018-06-01 | 0 days | 2,369 sqft |
2018-07-01 | 0 days | 2,476 sqft |
2018-08-01 | 0 days | 2,386 sqft |
2018-09-01 | 0 days | 2,496 sqft |
2018-10-01 | 0 days | 2,480 sqft |
2018-11-01 | 0 days | 2,281 sqft |
2018-12-01 | 0 days | 2,369 sqft |
2019-01-01 | 0 days | 2,504 sqft |
2019-02-01 | 0 days | 2,488 sqft |
2019-03-01 | 0 days | 2,422 sqft |
2019-04-01 | 0 days | 2,324 sqft |
2019-05-01 | 0 days | 2,471 sqft |
2019-06-01 | 0 days | 2,444 sqft |
2019-07-01 | 0 days | 2,443 sqft |
2019-08-01 | 0 days | 2,327 sqft |
2019-09-01 | 0 days | 2,262 sqft |
2019-10-01 | 0 days | 2,224 sqft |
2019-11-01 | 0 days | 2,280 sqft |
2019-12-01 | 0 days | 2,291 sqft |
2020-01-01 | 0 days | 2,423 sqft |
2020-02-01 | 0 days | 2,527 sqft |
2020-03-01 | 0 days | 2,262 sqft |
2020-04-01 | 0 days | 2,368 sqft |
2020-05-01 | 0 days | 2,420 sqft |
2020-06-01 | 0 days | 2,558 sqft |
2020-07-01 | 0 days | 2,631 sqft |
2020-08-01 | 0 days | 3,276 sqft |
2020-09-01 | 0 days | 3,235 sqft |
2020-10-01 | 0 days | 3,056 sqft |
2020-11-01 | 0 days | 3,113 sqft |
2020-12-01 | 0 days | 3,270 sqft |
2021-01-01 | 0 days | 2,685 sqft |
2021-02-01 | 0 days | 2,626 sqft |
2021-03-01 | 0 days | 2,514 sqft |
2021-04-01 | 0 days | 2,841 sqft |
2021-05-01 | 0 days | 2,685 sqft |
2021-06-01 | 0 days | 2,532 sqft |
2021-07-01 | 0 days | 2,428 sqft |
2021-08-01 | 0 days | 2,052 sqft |
2021-09-01 | 0 days | 1,953 sqft |
2021-10-01 | 0 days | 1,980 sqft |
2021-11-01 | 0 days | 1,981 sqft |
2021-12-01 | 0 days | 1,977 sqft |
2022-01-01 | 0 days | 2,080 sqft |
2022-02-01 | 0 days | 2,133 sqft |
2022-03-01 | 0 days | 2,072 sqft |
2022-04-01 | 0 days | 1,973 sqft |
2022-05-01 | 0 days | 2,627 sqft |
2022-06-01 | 0 days | 2,890 sqft |
2022-07-01 | 0 days | 2,372 sqft |
2022-08-01 | 0 days | 2,313 sqft |
2022-09-01 | 0 days | 1,978 sqft |
2022-10-01 | 0 days | 1,911 sqft |
2022-11-01 | 0 days | 1,737 sqft |
2022-12-01 | 0 days | 1,697 sqft |
2023-01-01 | 0 days | 1,747 sqft |
2023-02-01 | 0 days | 1,824 sqft |
2023-03-01 | 0 days | 1,752 sqft |
2023-04-01 | 0 days | 1,765 sqft |
2023-05-01 | 0 days | 1,846 sqft |
2023-06-01 | 0 days | 2,005 sqft |
2023-07-01 | 0 days | 2,021 sqft |
2023-08-01 | 0 days | 2,031 sqft |
2023-09-01 | 0 days | 1,951 sqft |
2023-10-01 | 0 days | 2,092 sqft |
2023-11-01 | 0 days | 2,099 sqft |
2023-12-01 | 0 days | 2,149 sqft |
2024-01-01 | 0 days | 2,120 sqft |
2024-02-01 | 0 days | 1,952 sqft |
2024-03-01 | 0 days | 1,924 sqft |
2024-04-01 | 0 days | 1,924 sqft |
2024-05-01 | 0 days | 1,916 sqft |
2024-06-01 | 0 days | 1,924 sqft |
2024-07-01 | 0 days | 1,942 sqft |
2024-08-01 | 0 days | 1,985 sqft |
2024-09-01 | 0 days | 2,182 sqft |
2024-10-01 | 0 days | 2,169 sqft |
2024-11-01 | 0 days | 2,320 sqft |
2024-12-01 | 0 days | 2,266 sqft |
2025-01-01 | 0 days | 2,126 sqft |
Cordele's median square footage for active listings during the 2025-01-01 period was 2,126 sqft. One year prior, the average listing was 2,120 sqft.
Cordele, GA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 100 | $25,190,000 | $251,900 |
Refi | 30 | $3,700,000 | $123,333 |
Cash Out Refi | 24 | $4,830,000 | $201,250 |
Home Improvement | 11 | $895,000 | $81,364 |
Other | 8 | $1,030,000 | $128,750 |
Cordele's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 30 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 56 | $17,470,000 | $311,964 |
7-8% | 32 | $6,360,000 | $198,750 |
Over 8% | 28 | $2,900,000 | $103,571 |
5-6% | 17 | $3,745,000 | $220,294 |
<2.5% | 5 | $55,000 | $11,000 |
4-5% | 3 | $435,000 | $145,000 |
During 2023, Cordele's most frequently originated rate bucket was 6-7%, with 56 originations.
Loan Sizing (Cordele, GA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 64 | $8,960,000 | $140,000 |
$100,000 or less | 55 | $2,705,000 | $49,182 |
$200k-400k | 37 | $9,465,000 | $255,811 |
$400k-600k | 12 | $5,920,000 | $493,333 |
$600k-1000k | 4 | $2,850,000 | $712,500 |
$Over $1MM | 1 | $5,745,000 | $5,745,000 |
Cordele's loan sizing saw the bucket of loans from $100k-200k with 64 originations, totaling $8,960,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 80 | $15,520,000 | $194,000 |
60-80% | 28 | $11,970,000 | $427,500 |
20-40% | 13 | $1,225,000 | $94,231 |
40-60% | 11 | $1,875,000 | $170,455 |
Under 20% | 10 | $290,000 | $29,000 |
Over 100% | 2 | $350,000 | $175,000 |
Cordele's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 80 originations, totaling $15,520,000 in origination value.