Cortland Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Cortland averaged 6.45% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.76% and one month ago for the week of 2025-02-27, the average rate was 6.77%.

    Cortland's average rate one year ago was 6.5%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.94%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Cortland 30 Year Fixed Rate 2025-04-03 6.45%
    Cortland 30 Year Fixed Rate Refi 2025-04-03 6.94%
    Cortland 15 Year Fixed Rate 2025-04-03 6.02%
    Cortland 15 Year Fixed Rate Refi 2025-04-03 6.42%
    Cortland 30 Year FHA 2025-04-03 6.06%
    Cortland 30 Year FHA Refi 2025-04-03 6.46%
    Cortland 30 Year USDA 2025-04-03 6.52%
    Cortland 30 Year USDA Refi 2025-04-03 6.42%
    Cortland 30 Year VA 2025-04-03 5.96%
    Cortland 30 Year VA Refi 2025-04-03 6.26%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Tompkins Trust Company 37 6.63% $3,572
    CFCU Community Credit Union 35 6.04% $220
    EVERETT FINANCIAL, INC. 26 6.55% $6,394
    QUICKEN LOANS, LLC 21 7.34% $6,299
    NBT Bank 11 6.43% $4,039
    KeyBank 11 6.66% $4,113
    M&T Bank 11 6.67% $4,730
    Community Bank 9 7.49% $1,408
    Genesee Regional Bank 7 7.13% $4,825
    Empower Federal Credit Union 6 6.79% $2,713
    SEFCU SERVICES, LLC 5 6.70% $2,912
    AMERICU Credit Union 5 6.63% $4,414
    1ST PRIORITY MORTGAGE, INC. 4 6.44% $3,944
    HUNT MORTGAGE CORPORATION 3 7.13% $6,221
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.42% $3,273
    CROSSCOUNTRY MORTGAGE, LLC 3 7.08% $6,328
    Premium Mortgage Corporation 3 7.00% $2,500
    UNITED WHOLESALE MORTGAGE, LLC 3 6.58% $9,679
    HOMESTEAD FUNDING CORP. 3 6.63% $4,213
    VISIONS 2 6.56% $4,461
    Farm Credit East, ACA 2 8.00% $5,748
    NAVY FEDERAL CREDIT UNION 2 7.56% $4,995
    NEWREZ LLC 2 7.50% $5,558
    THE SUMMIT Federal Credit Union 2 6.50% $2,524
    PENNYMAC LOAN SERVICES, LLC 1 7.63% $5,180
    PLAZA HOME MORTGAGE, INC. 1 6.75% $6,594
    MID-ISLAND MORTGAGE CORP. 1 5.99% $3,636
    JPMorgan Chase Bank 1 6.38% $13,655
    GUARANTEED RATE, INC. 1 6.38% $3,590
    ROYAL UNITED MORTGAGE LLC 1 7.63% $4,197
    CORNING 1 6.38% $2,644
    The Lyons National Bank 1 6.88% $6,092
    CARDINAL FINANCIAL 1 6.99% $5,315
    Citizens Bank 1 6.88% $2,880
    United Nations Federal Credit Union 1 5.63% $5,724
    Citibank 1 6.88% $3,982
    MOVEMENT MORTGAGE, LLC 1 6.38% $4,886
    USAA Federal Savings Bank 1 7.50% $4,179

    Cortland Average Closing Costs & Other Stats

    Cortland, NY's 38 lenders originated 618 loans during 2024. The total origination value was $100,360,000, with an average loan value of $162,395.

    Cortland's average closing costs are $3,943.

    The top Cortland lender as defined by loan originations is Tompkins Trust Company, with 37 loans originated. Their average total fees are $3,572, which is $3,351 higher than the next largest lender, CFCU Community Credit Union.

    The lowest fee Cortland lenders (with over 10 loans originated) are CFCU Community Credit Union ($220), Tompkins Trust Company ($3,572), NBT Bank ($4,039), KeyBank ($4,113) and M&T Bank ($4,730).

    The lowest rate Cortland lenders (with over 10 loans originated) are CFCU Community Credit Union (6.04%), NBT Bank (6.43%), EVERETT FINANCIAL, INC. (6.55%), Tompkins Trust Company (6.63%) and KeyBank (6.66%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    CFCU Community Credit Union $17,565,000 $15,835,000 -9.8% 15.8%
    Tompkins Trust Company $8,290,000 $9,270,000 11.8% 9.2%
    QUICKEN LOANS, LLC $4,260,000 $8,340,000 95.8% 8.3%
    EVERETT FINANCIAL, INC. $7,535,000 n/a 7.5%
    NBT Bank $6,320,000 $6,525,000 3.2% 6.5%
    First National Bank of Dryden $10,110,000 $6,055,000 -40.1% 6.0%
    M&T Bank $2,840,000 $4,465,000 57.2% 4.4%
    FIRST TECHNOLOGY $3,405,000 n/a 3.4%
    KeyBank $1,285,000 $3,375,000 162.6% 3.4%
    Community Bank $2,195,000 $2,475,000 12.8% 2.5%
    Empower Federal Credit Union $885,000 $2,410,000 172.3% 2.4%
    AMERICU Credit Union $810,000 $2,395,000 195.7% 2.4%
    Genesee Regional Bank $225,000 $1,880,000 735.6% 1.9%
    Tioga State Bank $2,125,000 $1,800,000 -15.3% 1.8%
    The First National Bank of Groton $675,000 $1,395,000 106.7% 1.4%
    CROSSCOUNTRY MORTGAGE, LLC $595,000 $1,170,000 96.6% 1.2%
    Citizens Bank $1,640,000 $1,165,000 -29.0% 1.2%
    THE SUMMIT Federal Credit Union $1,790,000 $1,020,000 -43.0% 1.0%
    NAVY FEDERAL CREDIT UNION $405,000 $1,015,000 150.6% 1.0%
    UNITED WHOLESALE MORTGAGE, LLC $1,030,000 $905,000 -12.1% 0.9%
    Premium Mortgage Corporation $185,000 $885,000 378.4% 0.9%
    HOMESTEAD FUNDING CORP. $1,110,000 $850,000 -23.4% 0.8%
    Mortgage Research Center, LLC $1,065,000 $820,000 -23.0% 0.8%
    HUNT MORTGAGE CORPORATION $805,000 n/a 0.8%
    1ST PRIORITY MORTGAGE, INC. $1,270,000 $785,000 -38.2% 0.8%
    Farm Credit East, ACA $1,220,000 $735,000 -39.8% 0.7%
    VISIONS $930,000 $710,000 -23.7% 0.7%
    SEFCU SERVICES, LLC $1,765,000 $655,000 -62.9% 0.7%
    TD Bank $635,000 n/a 0.6%
    PARAGON HOME LOANS INC. $7,630,000 $620,000 -91.9% 0.6%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $635,000 $595,000 -6.3% 0.6%
    CARDINAL FINANCIAL $590,000 n/a 0.6%
    USAA Federal Savings Bank $495,000 $560,000 13.1% 0.6%
    PENNYMAC LOAN SERVICES, LLC $480,000 n/a 0.5%
    Chemung Canal Trust Company $395,000 $405,000 2.5% 0.4%
    NEWREZ LLC $115,000 $395,000 243.5% 0.4%
    The Lyons National Bank $290,000 $365,000 25.9% 0.4%
    STATE EMPLOYEES FEDERAL CREDIT UNION $410,000 $360,000 -12.2% 0.4%
    MOVEMENT MORTGAGE, LLC $720,000 $340,000 -52.8% 0.3%
    The Federal Savings Bank $325,000 n/a 0.3%
    JPMorgan Chase Bank $1,040,000 $305,000 -70.7% 0.3%
    LOANDEPOT.COM, LLC $240,000 $260,000 8.3% 0.3%
    Equity Prime Mortgage LLC $245,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $350,000 $235,000 -32.9% 0.2%
    GUARANTEED RATE, INC. $235,000 n/a 0.2%
    NORTHERN CREDIT UNION $205,000 $230,000 12.2% 0.2%
    BETTER MORTGAGE CORPORATION $225,000 n/a 0.2%
    ESL Federal Credit Union $215,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $180,000 n/a 0.2%
    MID-ISLAND MORTGAGE CORP. $175,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $240,000 $175,000 -27.1% 0.2%
    Wells Fargo Bank $120,000 $165,000 37.5% 0.2%
    Alternatives Federal Credit Union $195,000 $155,000 -20.5% 0.2%
    CORNING $155,000 n/a 0.2%
    Walden Savings Bank $155,000 n/a 0.2%
    Seneca Savings $145,000 $145,000 0.0% 0.1%
    State Department Federal Credit Union $145,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $125,000 n/a 0.1%
    Service Federal Credit Union $125,000 n/a 0.1%
    United Nations Federal Credit Union $125,000 n/a 0.1%
    Webster Bank $75,000 $125,000 66.7% 0.1%
    A&D Mortgage LLC $105,000 n/a 0.1%
    Geddes Federal Savings and Loan Association $845,000 $105,000 -87.6% 0.1%
    PLAZA HOME MORTGAGE, INC. $450,000 $105,000 -76.7% 0.1%
    Citibank $85,000 n/a 0.1%
    Pathfinder Bank $125,000 $75,000 -40.0% 0.1%
    FINANCE OF AMERICA REVERSE LLC $125,000 $65,000 -48.0% 0.1%
    ROYAL UNITED MORTGAGE LLC $410,000 $55,000 -86.6% 0.1%
    21ST MORTGAGE CORPORATION $150,000 $45,000 -70.0% 0.0%
    Bethpage Federal Credit Union $45,000 n/a 0.0%

    Cortland's top lender by overall market share is CFCU Community Credit Union, with 15.8% market share. In second place, with 9.2%, is Tompkins Trust Company, having originated $9,270,000 in loans. In third place, with 8.3%, is QUICKEN LOANS, LLC, having originated $8,340,000 in loans. In fourth place, with 7.5%, is EVERETT FINANCIAL, INC., having originated $7,535,000 in loans. In fifth place, with 6.5%, is NBT Bank, having originated $6,525,000 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 $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
    2025-02-01 $171,625 (0.2%) $275,571 (37.7%) 0.00 34
    2025-03-01 $181,200 (-2.5%) $242,874 (20.3%) 0.00 36
    Cortland's median listing price for 2025-03-01 was $181,200, a difference of $-4,700 (-2.5%) versus the prior year and $9,575 versus the prior month.

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

    Cortland's average listing price for 2025-03-01 was $242,874, a difference of $41,042 (20.3%) versus the prior year and $-32,697 versus the prior month.

    For the 2025-03-01 period, Cortland had 36 MLS listings, a difference of 2 listings (6%) versus the prior month and 2 listings (6%) 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
    2025-02-01 0 days 1,642 sqft
    2025-03-01 0 days 1,504 sqft
    Cortland's median listing age (time on market) for 2025-03-01 was 0 days.

    Cortland's median square footage for active listings during the 2025-03-01 period was 1,504 sqft. One year prior, the average listing was 1,572 sqft.

    Cortland, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 346 $65,280,000 $188,671
    Home Improvement 85 $6,705,000 $78,882
    Other 72 $6,590,000 $91,528
    Refi 63 $11,185,000 $177,540
    Cash Out Refi 52 $10,600,000 $203,846

    Cortland's most frequently cited loan purpose was Home Purchase, with 346 originations. The 2nd most popular reason was Home Improvement, with 85 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 252 $44,860,000 $178,016
    7-8% 117 $21,805,000 $186,368
    5-6% 76 $12,810,000 $168,553
    Over 8% 58 $5,150,000 $88,793
    3-4% 32 $3,720,000 $116,250
    4-5% 15 $1,255,000 $83,667
    <2.5% 7 $335,000 $47,857

    During 2024, Cortland's most frequently originated rate bucket was 6-7%, with 252 originations.

    Loan Sizing (Cortland, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 282 $41,680,000 $147,801
    $100,000 or less 204 $11,580,000 $56,765
    $200k-400k 111 $28,675,000 $258,333
    $400k-600k 9 $4,315,000 $479,444
    $600k-1000k 6 $4,180,000 $696,667
    $Over $1MM 6 $9,930,000 $1,655,000

    Cortland's loan sizing saw the bucket of loans from $100k-200k with 282 originations, totaling $41,680,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 229 $43,805,000 $191,288
    60-80% 125 $30,345,000 $242,760
    20-40% 88 $6,200,000 $70,455
    Under 20% 59 $2,195,000 $37,203
    40-60% 54 $6,980,000 $129,259
    Over 100% 1 $175,000 $175,000

    Cortland's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 229 originations, totaling $43,805,000 in origination value.