Cortland Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Cortland averaged 5.61% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 5.67% and one month ago for the week of 2024-08-29, the average rate was 5.94%.

Cortland's average rate one year ago was 6.9%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.12%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Cortland 30 Year Fixed Rate 2024-10-03 5.61%
Cortland 30 Year Fixed Rate Refi 2024-10-03 6.12%
Cortland 15 Year Fixed Rate 2024-10-03 5.15%
Cortland 15 Year Fixed Rate Refi 2024-10-03 5.25%
Cortland 30 Year FHA 2024-10-03 5.79%
Cortland 30 Year FHA Refi 2024-10-03 5.99%
Cortland 30 Year USDA 2024-10-03 6.17%
Cortland 30 Year USDA Refi 2024-10-03 6.17%
Cortland 30 Year VA 2024-10-03 5.7%
Cortland 30 Year VA Refi 2024-10-03 5.5%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Cortland, NY.

Cortland 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 Cortland, NY 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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CFCU Community Credit Union 36 6.11% $229
Tompkins Trust Company 32 6.32% $3,152
PARAGON HOME LOANS INC. 27 6.49% $4,941
QUICKEN LOANS, LLC 18 7.16% $5,802
SEFCU SERVICES, LLC 7 5.02% $3,200
M&T Bank 6 7.13% $4,277
Community Bank 6 6.50% $1,409
NBT Bank 5 6.25% $3,191
JPMorgan Chase Bank 4 6.25% $4,014
Farm Credit East, ACA 4 7.60% $4,835
VISIONS 4 6.44% $3,110
Empower Federal Credit Union 4 6.56% $2,336
1ST PRIORITY MORTGAGE, INC. 3 7.08% $7,882
Citizens Bank 3 6.29% $4,689
Geddes Federal Savings and Loan Association 3 5.75% $4,557
HOMESTEAD FUNDING CORP. 3 6.54% $7,706
KeyBank 3 8.35% $2,748
UNITED WHOLESALE MORTGAGE, LLC 3 6.25% $7,940
ROYAL UNITED MORTGAGE LLC 2 7.56% $6,126
MOVEMENT MORTGAGE, LLC 2 7.38% $7,501
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.38% $6,969
Nations Lending Corporation 1 7.50% $5,808
NAVY FEDERAL CREDIT UNION 1 8.25% $5,406
CMG MORTGAGE, INC. 1 7.49% $6,955
NEWREZ LLC 1 6.50% $5,422
Barrington Bank & Trust Company, N.A. 1 7.38% $2,627
PLAZA HOME MORTGAGE, INC. 1 6.25% $10,726
Premium Mortgage Corporation 1 6.88% $5,785
Bank of America 1 6.50% $9,666
RELIANCE FIRST CAPITAL, LLC 1 6.88% $6,286
ASSOCIATED MORTGAGE BANKERS, INC. 1 9.38% $5,520
Five Star Bank 1 6.00% $5,076
AMERICU Credit Union 1 5.50% $4,915
Alternatives Federal Credit Union 1 6.75% $3,692
USAA Federal Savings Bank 1 7.00% $4,627
CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $5,895
Metro City Bank 1 7.13% $4,453
CONTOUR MORTGAGE CORPORATION 1 6.75% $5,019

Cortland Average Closing Costs & Other Stats

Cortland, NY's 38 lenders originated 618 loans during 2023. The total origination value was $92,230,000, with an average loan value of $149,239.

Cortland's average closing costs are $3,827.

The top Cortland lender as defined by loan originations is CFCU Community Credit Union, with 36 loans originated. Their average total fees are $229, which is $2,923 lower than the next largest lender, Tompkins Trust Company.

The lowest fee Cortland lenders (with over 10 loans originated) are CFCU Community Credit Union ($229), Tompkins Trust Company ($3,152), PARAGON HOME LOANS INC. ($4,941), QUICKEN LOANS, LLC ($5,802) and .

The lowest rate Cortland lenders (with over 10 loans originated) are CFCU Community Credit Union (6.11%), Tompkins Trust Company (6.32%), PARAGON HOME LOANS INC. (6.49%), QUICKEN LOANS, LLC (7.16%) and .

Cortland, NY 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
CFCU Community Credit Union $16,585,000 $17,565,000 5.9% 19.0%
First National Bank of Dryden $10,110,000 n/a 11.0%
Tompkins Trust Company $11,700,000 $8,290,000 -29.1% 9.0%
PARAGON HOME LOANS INC. $11,640,000 $7,630,000 -34.5% 8.3%
NBT Bank $13,435,000 $6,320,000 -53.0% 6.9%
QUICKEN LOANS, LLC $8,000,000 $4,260,000 -46.8% 4.6%
M&T Bank $3,585,000 $2,840,000 -20.8% 3.1%
Community Bank $2,700,000 $2,195,000 -18.7% 2.4%
Tioga State Bank $385,000 $2,125,000 451.9% 2.3%
THE SUMMIT Federal Credit Union $1,400,000 $1,790,000 27.9% 1.9%
SEFCU SERVICES, LLC $1,020,000 $1,765,000 73.0% 1.9%
Citizens Bank $1,315,000 $1,640,000 24.7% 1.8%
KeyBank $7,720,000 $1,285,000 -83.4% 1.4%
1ST PRIORITY MORTGAGE, INC. $1,495,000 $1,270,000 -15.1% 1.4%
Farm Credit East, ACA $320,000 $1,220,000 281.3% 1.3%
HOMESTEAD FUNDING CORP. $1,010,000 $1,110,000 9.9% 1.2%
Mortgage Research Center, LLC $1,130,000 $1,065,000 -5.8% 1.2%
JPMorgan Chase Bank $560,000 $1,040,000 85.7% 1.1%
UNITED WHOLESALE MORTGAGE, LLC $185,000 $1,030,000 456.8% 1.1%
VISIONS $960,000 $930,000 -3.1% 1.0%
Empower Federal Credit Union $1,445,000 $885,000 -38.8% 1.0%
Geddes Federal Savings and Loan Association $870,000 $845,000 -2.9% 0.9%
AMERICU Credit Union $2,060,000 $810,000 -60.7% 0.9%
MOVEMENT MORTGAGE, LLC $1,020,000 $720,000 -29.4% 0.8%
The First National Bank of Groton $675,000 n/a 0.7%
PRIMELENDING, A PLAINSCAPITAL COMPANY $380,000 $635,000 67.1% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $595,000 n/a 0.6%
USAA Federal Savings Bank $890,000 $495,000 -44.4% 0.5%
PLAZA HOME MORTGAGE, INC. $530,000 $450,000 -15.1% 0.5%
ROYAL UNITED MORTGAGE LLC $200,000 $410,000 105.0% 0.4%
STATE EMPLOYEES FEDERAL CREDIT UNION $50,000 $410,000 720.0% 0.4%
NAVY FEDERAL CREDIT UNION $985,000 $405,000 -58.9% 0.4%
Chemung Canal Trust Company $1,560,000 $395,000 -74.7% 0.4%
Barrington Bank & Trust Company, N.A. $525,000 $350,000 -33.3% 0.4%
NORWICH COMMERCIAL GROUP, INC. $315,000 n/a 0.3%
Five Star Bank $305,000 n/a 0.3%
The Lyons National Bank $240,000 $290,000 20.8% 0.3%
RELIANCE FIRST CAPITAL, LLC $270,000 n/a 0.3%
NBKC BANK $255,000 n/a 0.3%
LOANDEPOT.COM, LLC $760,000 $240,000 -68.4% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $240,000 $240,000 0.0% 0.3%
CMG MORTGAGE, INC. $230,000 n/a 0.2%
Genesee Regional Bank $220,000 $225,000 2.3% 0.2%
Nations Lending Corporation $205,000 n/a 0.2%
NORTHERN CREDIT UNION $205,000 n/a 0.2%
Third Federal Savings and Loan Association of Cleveland $205,000 n/a 0.2%
Alternatives Federal Credit Union $55,000 $195,000 254.5% 0.2%
Bank of America $135,000 $195,000 44.4% 0.2%
TOTAL MORTGAGE SERVICES, LLC $195,000 n/a 0.2%
Premium Mortgage Corporation $1,300,000 $185,000 -85.8% 0.2%
AMERICAN FINANCIAL RESOURCES, INC. $155,000 n/a 0.2%
21ST MORTGAGE CORPORATION $485,000 $150,000 -69.1% 0.2%
AMERICAN FINANCING CORPORATION $145,000 n/a 0.2%
Seneca Savings $145,000 n/a 0.2%
CONTOUR MORTGAGE CORPORATION $135,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $135,000 n/a 0.1%
ASSOCIATED MORTGAGE BANKERS, INC. $125,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $230,000 $125,000 -45.7% 0.1%
LENDINGONE, LLC $105,000 $125,000 19.0% 0.1%
Pathfinder Bank $125,000 n/a 0.1%
Quontic Bank $165,000 $125,000 -24.2% 0.1%
SIRVA MORTGAGE, INC. $125,000 n/a 0.1%
Wells Fargo Bank $1,980,000 $120,000 -93.9% 0.1%
LIMA ONE CAPITAL, LLC $115,000 n/a 0.1%
NEWREZ LLC $125,000 $115,000 -8.0% 0.1%
Ukrainian Federal Credit Union $115,000 $105,000 -8.7% 0.1%
Discover Bank $100,000 n/a 0.1%
Metro City Bank $105,000 $95,000 -9.5% 0.1%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $75,000 n/a 0.1%
PNC Bank $320,000 $75,000 -76.6% 0.1%
Webster Bank $75,000 n/a 0.1%
UTILITIES EMPLOYEES CREDIT UNION $260,000 $55,000 -78.8% 0.1%
Citizens & Northern Bank $5,000 n/a 0.0%

Cortland's top lender by overall market share is CFCU Community Credit Union, with 19.0% market share. In second place, with 11.0%, is First National Bank of Dryden, having originated $10,110,000 in loans. In third place, with 9.0%, is Tompkins Trust Company, having originated $8,290,000 in loans. In fourth place, with 8.3%, is PARAGON HOME LOANS INC., having originated $7,630,000 in loans. In fifth place, with 6.9%, is NBT Bank, having originated $6,320,000 in loans.


Cortland Housing Market Trends (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 $126,750 (-10.9%) $154,132 (-11.2%) 0.00 185
2018-07-01 $129,925 (-7.1%) $152,929 (-10.3%) 0.00 217
2018-08-01 $127,300 (-5.7%) $149,587 (-10.1%) 0.00 209
2018-09-01 $124,150 (-8.0%) $145,108 (-10.5%) 0.00 213
2018-10-01 $120,000 (-4.7%) $146,143 (-6.3%) 0.00 213
2018-11-01 $115,000 (-5.7%) $142,234 (-8.2%) 0.00 197
2018-12-01 $109,500 (-8.7%) $135,389 (-12.0%) 0.00 185
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 (2.5%) $154,252 (0.1%) 0.00 182
2019-07-01 $136,950 (5.4%) $168,466 (10.2%) 0.00 187
2019-08-01 $131,582 (3.4%) $162,845 (8.9%) 0.00 184
2019-09-01 $130,130 (4.8%) $156,254 (7.7%) 0.00 184
2019-10-01 $129,611 (8.0%) $155,920 (6.7%) 0.00 182
2019-11-01 $127,200 (10.6%) $158,693 (11.6%) 0.00 175
2019-12-01 $118,700 (8.4%) $156,026 (15.2%) 0.00 152
2020-01-01 $117,450 (4.9%) $157,482 (12.2%) 0.00 140
2020-02-01 $129,000 (29.1%) $169,355 (24.3%) 0.00 139
2020-03-01 $131,150 (31.3%) $168,594 (19.5%) 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 $149,225 (9.0%) $170,304 (1.1%) 0.00 131
2020-08-01 $147,450 (12.1%) $180,436 (10.8%) 0.00 122
2020-09-01 $134,950 (3.7%) $169,870 (8.7%) 0.00 119
2020-10-01 $127,900 (-1.3%) $173,457 (11.3%) 0.00 114
2020-11-01 $152,200 (19.7%) $186,143 (17.3%) 0.00 100
2020-12-01 $169,450 (42.8%) $221,959 (42.3%) 0.00 81
2021-01-01 $154,450 (31.5%) $228,398 (45.0%) 0.00 74
2021-02-01 $149,900 (16.2%) $229,052 (35.3%) 0.00 71
2021-03-01 $149,800 (14.2%) $233,183 (38.3%) 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 $173,000 (15.9%) $197,174 (15.8%) 0.00 74
2021-08-01 $153,675 (4.2%) $207,136 (14.8%) 0.00 78
2021-09-01 $157,175 (16.5%) $226,382 (33.3%) 0.00 75
2021-10-01 $160,000 (25.1%) $248,535 (43.3%) 0.00 67
2021-11-01 $189,675 (24.6%) $250,122 (34.4%) 0.00 63
2021-12-01 $195,725 (15.5%) $277,186 (24.9%) 0.00 57
2022-01-01 $179,950 (16.5%) $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 (12.7%) $258,940 (31.3%) 0.00 46
2022-08-01 $182,175 (18.6%) $208,536 (0.7%) 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 $144,450 (-19.7%) $193,796 (-24.3%) 0.00 45
2023-02-01 $142,150 (-21.0%) $198,622 (-23.1%) 0.00 38
2023-03-01 $132,225 (-26.9%) $187,584 (-24.1%) 0.00 43
2023-04-01 $162,400 (-7.2%) $205,662 (-14.6%) 0.00 40
2023-05-01 $159,250 (-16.1%) $198,248 (-16.9%) 0.00 46
2023-06-01 $169,925 (-15.0%) $213,059 (-19.0%) 0.00 48
2023-07-01 $189,450 (-2.8%) $238,524 (-7.9%) 0.00 52
2023-08-01 $205,000 (12.5%) $255,905 (22.7%) 0.00 59
2023-09-01 $239,000 (38.6%) $288,568 (36.9%) 0.00 57
2023-10-01 $229,000 (27.6%) $285,754 (34.0%) 0.00 56
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 (32.2%) $224,265 (15.7%) 0.00 43
2024-02-01 $171,225 (20.5%) $200,066 (0.7%) 0.00 38
2024-03-01 $185,900 (40.6%) $201,832 (7.6%) 0.00 34
2024-04-01 $223,225 (37.5%) $248,119 (20.6%) 0.00 30
2024-05-01 $220,750 (38.6%) $253,323 (27.8%) 0.00 41
2024-06-01 $204,900 (20.6%) $279,357 (31.1%) 0.00 38
2024-07-01 $189,450 (0.0%) $256,240 (7.4%) 0.00 45
2024-08-01 $179,900 (-12.2%) $260,455 (1.8%) 0.00 44
2024-09-01 $184,950 (-22.6%) $254,642 (-11.8%) 0.00 41
Cortland's median listing price for 2024-09-01 was $184,950, a difference of $-54,050 (-22.6%) versus the prior year and $5,050 versus the prior month.

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

Cortland's average listing price for 2024-09-01 was $254,642, a difference of $-33,926 (-11.8%) versus the prior year and $-5,813 versus the prior month.

For the 2024-09-01 period, Cortland had 41 MLS listings, a difference of -3 listings (-7%) versus the prior month and -16 listings (-28%) 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 1,456 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 1,429 sqft
2020-01-01 0 days 1,443 sqft
2020-02-01 0 days 1,512 sqft
2020-03-01 0 days 1,495 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 1,600 sqft
2020-08-01 0 days 1,579 sqft
2020-09-01 0 days 1,574 sqft
2020-10-01 0 days 1,520 sqft
2020-11-01 0 days 1,627 sqft
2020-12-01 0 days 1,697 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 1,636 sqft
2023-02-01 0 days 1,366 sqft
2023-03-01 0 days 1,533 sqft
2023-04-01 0 days 1,626 sqft
2023-05-01 0 days 1,424 sqft
2023-06-01 0 days 1,476 sqft
2023-07-01 0 days 1,565 sqft
2023-08-01 0 days 1,539 sqft
2023-09-01 0 days 1,716 sqft
2023-10-01 0 days 1,705 sqft
2023-11-01 0 days 1,676 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 1,502 sqft
2024-08-01 0 days 1,504 sqft
2024-09-01 0 days 1,407 sqft
Cortland's median listing age (time on market) for 2024-09-01 was 0 days.

Cortland's median square footage for active listings during the 2024-09-01 period was 1,407 sqft. One year prior, the average listing was 1,716 sqft.

Cortland, NY Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 319 $61,995,000 $194,342
Refi 93 $13,435,000 $144,462
Home Improvement 89 $6,245,000 $70,169
Other 80 $5,660,000 $70,750
Cash Out Refi 37 $4,895,000 $132,297

Cortland's most frequently cited loan purpose was Home Purchase, with 319 originations. The 2nd most popular reason was Refi, with 93 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 215 $35,105,000 $163,279
5-6% 104 $16,490,000 $158,558
7-8% 89 $12,775,000 $143,539
Over 8% 55 $5,275,000 $95,909
<2.5% 43 $2,955,000 $68,721
3-4% 23 $2,345,000 $101,957
4-5% 8 $1,760,000 $220,000

During 2023, Cortland's most frequently originated rate bucket was 6-7%, with 215 originations.

Loan Sizing (Cortland, NY MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 270 $38,980,000 $144,370
$100,000 or less 234 $12,910,000 $55,171
$200k-400k 97 $26,765,000 $275,928
$400k-600k 8 $3,930,000 $491,250
$Over $1MM 5 $6,325,000 $1,265,000
$600k-1000k 4 $3,320,000 $830,000

Cortland's loan sizing saw the bucket of loans from $100k-200k with 270 originations, totaling $38,980,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 203 $39,505,000 $194,606
60-80% 120 $20,500,000 $170,833
20-40% 85 $5,475,000 $64,412
Under 20% 62 $3,060,000 $49,355
40-60% 60 $6,970,000 $116,167
Over 100% 3 $705,000 $235,000

Cortland's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 203 originations, totaling $39,505,000 in origination value.