Cortland Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Cortland averaged 6.81% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2023-11-22) was 6.58% and one month ago for the week of 2023-10-26, the average rate was 6.98%.

    Cortland's average rate one year ago was 5.77%.

    For refis of the same type during the week of 2023-11-30, the average rate was 7.52%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Cortland 30 Year Fixed Rate 2023-11-30 6.81%
    Cortland 30 Year Fixed Rate Refi 2023-11-30 7.52%
    Cortland 15 Year Fixed Rate 2023-11-30 6.56%
    Cortland 15 Year Fixed Rate Refi 2023-11-30 6.96%
    Cortland 30 Year FHA 2023-11-30 7.15%
    Cortland 30 Year FHA Refi 2023-11-30 6.75%
    Cortland 30 Year USDA 2023-11-30 6.8%
    Cortland 30 Year USDA Refi 2023-11-30 7.1%
    Cortland 30 Year VA 2023-11-30 6.87%
    Cortland 30 Year VA Refi 2023-11-30 6.87%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CFCU Community Credit Union 55 4.03% $304
    PARAGON HOME LOANS INC. 43 4.97% $4,373
    Tompkins Trust Company 43 4.22% $3,112
    NBT Bank 34 4.14% $3,888
    QUICKEN LOANS, LLC 22 5.28% $6,407
    KeyBank 15 4.66% $3,316
    Wells Fargo Bank 8 4.80% $3,675
    AMERICU Credit Union 7 4.11% $3,749
    Community Bank 7 5.02% $1,865
    M&T Bank 7 5.02% $4,153
    1ST PRIORITY MORTGAGE, INC. 5 5.41% $4,924
    Chemung Canal Trust Company 5 4.08% $2,838
    Premium Mortgage Corporation 4 3.91% $3,678
    SEFCU SERVICES, LLC 4 4.59% $2,823
    Geddes Federal Savings and Loan Association 4 5.63% $4,988
    HOMESTEAD FUNDING CORP. 3 5.21% $3,707
    ROYAL UNITED MORTGAGE LLC 2 5.88% $6,390
    HUNT MORTGAGE CORPORATION 2 5.81% $6,285
    MOVEMENT MORTGAGE, LLC 2 3.81% $4,278
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 2 5.69% $6,153
    LOANDEPOT.COM, LLC 1 5.99% $3,433
    Luxury Mortgage Corp. 1 4.38% $13,949
    Metro City Bank 1 4.63% $5,344
    Farm Credit East, ACA 1 6.40% $6,143
    NAVY FEDERAL CREDIT UNION 1 4.13% $2,913
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.49% $4,343
    NEWREZ LLC 1 5.88% $4,087
    Empower Federal Credit Union 1 3.88% $4,018
    PNC Bank 1 5.25% $6,446
    CORNING 1 4.88% $6,464
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.63% $9,653
    Barrington Bank & Trust Company, N.A. 1 5.75% $9,268
    Quontic Bank 1 8.00% $8,028
    ARC HOME LLC 1 8.13% $7,028
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.13% $5,329
    UNITED WHOLESALE MORTGAGE, LLC 1 4.88% $7,800
    USAA Federal Savings Bank 1 6.00% $3,781
    U.S. Bank 1 3.63% $720
    VISIONS 1 4.75% $3,642
    Genesee Regional Bank 1 5.25% $3,511
    21ST MORTGAGE CORPORATION 1 8.05% $7,549
    FREEDOM MORTGAGE CORPORATION 1 4.75% $5,131
    JPMorgan Chase Bank 1 5.63% $3,334
    First Savings Bank 1 6.88% $5,748

    Cortland Average Closing Costs & Other Stats

    Cortland, NY's 44 lenders originated 813 loans during 2022. The total origination value was $113,565,000, with an average loan value of $139,686.

    Cortland's average closing costs are $3,693.

    The top Cortland lender as defined by loan originations is CFCU Community Credit Union, with 55 loans originated. Their average total fees are $304, which is $4,068 lower than the next largest lender, PARAGON HOME LOANS INC..

    The lowest fee Cortland lenders (with over 10 loans originated) are CFCU Community Credit Union ($304), Tompkins Trust Company ($3,112), KeyBank ($3,316), NBT Bank ($3,888) and PARAGON HOME LOANS INC. ($4,373).

    The lowest rate Cortland lenders (with over 10 loans originated) are CFCU Community Credit Union (4.03%), NBT Bank (4.14%), Tompkins Trust Company (4.22%), KeyBank (4.66%) and PARAGON HOME LOANS INC. (4.97%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    CFCU Community Credit Union $19,130,000 $16,585,000 -13.3% 14.6%
    NBT Bank $16,840,000 $13,435,000 -20.2% 11.8%
    Tompkins Trust Company $12,295,000 $11,700,000 -4.8% 10.3%
    PARAGON HOME LOANS INC. $15,065,000 $11,640,000 -22.7% 10.2%
    QUICKEN LOANS, LLC $14,460,000 $8,000,000 -44.7% 7.0%
    KeyBank $9,270,000 $7,720,000 -16.7% 6.8%
    Kearny Bank $5,185,000 n/a 4.6%
    M&T Bank $4,935,000 $3,585,000 -27.4% 3.2%
    Community Bank $1,465,000 $2,700,000 84.3% 2.4%
    AMERICU Credit Union $3,275,000 $2,060,000 -37.1% 1.8%
    Wells Fargo Bank $2,275,000 $1,980,000 -13.0% 1.7%
    Chemung Canal Trust Company $1,315,000 $1,560,000 18.6% 1.4%
    1ST PRIORITY MORTGAGE, INC. $4,415,000 $1,495,000 -66.1% 1.3%
    Empower Federal Credit Union $1,045,000 $1,445,000 38.3% 1.3%
    THE SUMMIT Federal Credit Union $2,810,000 $1,400,000 -50.2% 1.2%
    Citizens Bank $1,570,000 $1,315,000 -16.2% 1.2%
    Premium Mortgage Corporation $215,000 $1,300,000 504.7% 1.1%
    Mortgage Research Center, LLC $690,000 $1,130,000 63.8% 1.0%
    MOVEMENT MORTGAGE, LLC $1,460,000 $1,020,000 -30.1% 0.9%
    SEFCU SERVICES, LLC $1,090,000 $1,020,000 -6.4% 0.9%
    HOMESTEAD FUNDING CORP. $910,000 $1,010,000 11.0% 0.9%
    NAVY FEDERAL CREDIT UNION $565,000 $985,000 74.3% 0.9%
    VISIONS $1,325,000 $960,000 -27.5% 0.8%
    USAA Federal Savings Bank $680,000 $890,000 30.9% 0.8%
    Geddes Federal Savings and Loan Association $610,000 $870,000 42.6% 0.8%
    LOANDEPOT.COM, LLC $760,000 $760,000 0.0% 0.7%
    HUNT MORTGAGE CORPORATION $655,000 n/a 0.6%
    Luxury Mortgage Corp. $650,000 n/a 0.6%
    JPMorgan Chase Bank $425,000 $560,000 31.8% 0.5%
    CORNING $80,000 $530,000 562.5% 0.5%
    PLAZA HOME MORTGAGE, INC. $1,165,000 $530,000 -54.5% 0.5%
    Barrington Bank & Trust Company, N.A. $535,000 $525,000 -1.9% 0.5%
    21ST MORTGAGE CORPORATION $420,000 $485,000 15.5% 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $135,000 $425,000 214.8% 0.4%
    Tioga State Bank $385,000 $385,000 0.0% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $390,000 $380,000 -2.6% 0.3%
    Farm Credit East, ACA $780,000 $320,000 -59.0% 0.3%
    PNC Bank $235,000 $320,000 36.2% 0.3%
    U.S. Bank $285,000 n/a 0.3%
    UTILITIES EMPLOYEES CREDIT UNION $260,000 n/a 0.2%
    Elmira Savings Bank $3,775,000 $255,000 -93.2% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $640,000 $240,000 -62.5% 0.2%
    The Lyons National Bank $1,420,000 $240,000 -83.1% 0.2%
    FINANCE OF AMERICA REVERSE LLC $230,000 n/a 0.2%
    ROUNDPOINT MORTGAGE SERVICING CORPORATION $230,000 n/a 0.2%
    Genesee Regional Bank $230,000 $220,000 -4.3% 0.2%
    ROYAL UNITED MORTGAGE LLC $455,000 $200,000 -56.0% 0.2%
    ARC HOME LLC $185,000 n/a 0.2%
    UNITED WHOLESALE MORTGAGE, LLC $770,000 $185,000 -76.0% 0.2%
    FIRST HERITAGE FEDERAL CREDIT UNION $170,000 n/a 0.1%
    Quontic Bank $165,000 n/a 0.1%
    First Savings Bank $145,000 n/a 0.1%
    Bank of America $250,000 $135,000 -46.0% 0.1%
    CALIBER HOME LOANS, INC. $435,000 $125,000 -71.3% 0.1%
    NEWREZ LLC $330,000 $125,000 -62.1% 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $115,000 n/a 0.1%
    Ukrainian Federal Credit Union $75,000 $115,000 53.3% 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $105,000 n/a 0.1%
    LENDINGONE, LLC $105,000 n/a 0.1%
    Metro City Bank $75,000 $105,000 40.0% 0.1%
    Bethpage Federal Credit Union $45,000 $85,000 88.9% 0.1%
    EMBRACE HOME LOANS, INC. $85,000 n/a 0.1%
    FREEDOM MORTGAGE CORPORATION $1,335,000 $85,000 -93.6% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $65,000 n/a 0.1%
    GHS Federal Credit Union $85,000 $60,000 -29.4% 0.1%
    Alternatives Federal Credit Union $55,000 n/a 0.0%
    CAPITAL COMMUNICATIONS Federal Credit Union $65,000 $55,000 -15.4% 0.0%
    STATE EMPLOYEES FEDERAL CREDIT UNION $235,000 $50,000 -78.7% 0.0%
    AMERICAN ADVISORS GROUP $15,000 n/a 0.0%

    Cortland's top lender by overall market share is CFCU Community Credit Union, with 14.6% market share. In second place, with 11.8%, is NBT Bank, having originated $13,435,000 in loans. In third place, with 10.3%, is Tompkins Trust Company, having originated $11,700,000 in loans. In fourth place, with 10.2%, is PARAGON HOME LOANS INC., having originated $11,640,000 in loans. In fifth place, with 7.0%, is QUICKEN LOANS, LLC, having originated $8,000,000 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 $119,950 (-7.0%) $144,348 (-10.0%) 0.00 185
    2018-02-01 $119,900 (-4.1%) $143,280 (-9.0%) 0.00 182
    2018-03-01 $119,000 (-8.1%) $143,941 (-8.6%) 0.00 166
    2018-04-01 $117,500 (-9.6%) $143,574 (-14.9%) 0.00 180
    2018-05-01 $123,650 (-3.7%) $144,611 (-13.0%) 0.00 171
    2018-06-01 $122,500 (-13.0%) $152,819 (-11.6%) 0.00 181
    2018-07-01 $129,900 (-6.9%) $151,806 (-10.6%) 0.00 213
    2018-08-01 $125,875 (-6.8%) $148,371 (-10.9%) 0.00 205
    2018-09-01 $119,200 (-11.6%) $144,052 (-11.1%) 0.00 208
    2018-10-01 $118,700 (-5.8%) $145,567 (-6.7%) 0.00 209
    2018-11-01 $115,750 (-4.1%) $142,455 (-7.8%) 0.00 196
    2018-12-01 $110,000 (-8.3%) $135,609 (-11.6%) 0.00 186
    2019-01-01 $114,000 (-5.0%) $141,186 (-2.2%) 0.00 165
    2019-02-01 $99,900 (-16.7%) $137,127 (-4.3%) 0.00 155
    2019-03-01 $100,445 (-15.6%) $141,699 (-1.6%) 0.00 157
    2019-04-01 $99,900 (-15.0%) $146,068 (1.7%) 0.00 149
    2019-05-01 $121,750 (-1.5%) $148,827 (2.9%) 0.00 161
    2019-06-01 $129,900 (6.0%) $154,252 (0.9%) 0.00 182
    2019-07-01 $136,950 (5.4%) $168,466 (11.0%) 0.00 187
    2019-08-01 $131,582 (4.5%) $162,845 (9.8%) 0.00 184
    2019-09-01 $130,130 (9.2%) $156,254 (8.5%) 0.00 184
    2019-10-01 $129,611 (9.2%) $155,920 (7.1%) 0.00 182
    2019-11-01 $127,200 (9.9%) $158,693 (11.4%) 0.00 175
    2019-12-01 $118,075 (7.3%) $155,706 (14.8%) 0.00 151
    2020-01-01 $117,425 (3.0%) $156,831 (11.1%) 0.00 139
    2020-02-01 $127,750 (27.9%) $168,807 (23.1%) 0.00 138
    2020-03-01 $129,900 (29.3%) $168,334 (18.8%) 0.00 135
    2020-04-01 $132,400 (32.5%) $172,290 (18.0%) 0.00 126
    2020-05-01 $134,900 (10.8%) $168,775 (13.4%) 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 $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 $135,725 (-25.0%) $187,409 (-24.2%) 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 $173,950 (-13.0%) $217,193 (-17.4%) 0.00 49
    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
    Cortland's median listing price for 2023-11-01 was $180,000, a difference of $-30,675 (-14.6%) versus the prior year and $-49,000 versus the prior month.

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

    Cortland's average listing price for 2023-11-01 was $251,728, a difference of $27,494 (12.3%) versus the prior year and $-34,026 versus the prior month.

    For the 2023-11-01 period, Cortland had 53 MLS listings, a difference of -3 listings (-5%) versus the prior month and -6 listings (-10%) 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 1,492 sqft
    2018-02-01 0 days 1,476 sqft
    2018-03-01 0 days 1,464 sqft
    2018-04-01 0 days 1,473 sqft
    2018-05-01 0 days 1,466 sqft
    2018-06-01 0 days 1,548 sqft
    2018-07-01 0 days 1,560 sqft
    2018-08-01 0 days 1,531 sqft
    2018-09-01 0 days 1,470 sqft
    2018-10-01 0 days 1,466 sqft
    2018-11-01 0 days 1,423 sqft
    2018-12-01 0 days 1,344 sqft
    2019-01-01 0 days 1,346 sqft
    2019-02-01 0 days 1,364 sqft
    2019-03-01 0 days 1,381 sqft
    2019-04-01 0 days 1,370 sqft
    2019-05-01 0 days 1,428 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 1,421 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 1,636 sqft
    2023-02-01 0 days 1,366 sqft
    2023-03-01 0 days 1,539 sqft
    2023-04-01 0 days 1,626 sqft
    2023-05-01 0 days 1,424 sqft
    2023-06-01 0 days 1,489 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
    Cortland's median listing age (time on market) for 2023-11-01 was 0 days.

    Cortland's median square footage for active listings during the 2023-11-01 period was 1,676 sqft. One year prior, the average listing was 1,696 sqft.

    Cortland, NY Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 410 $68,560,000 $167,220
    Refi 121 $18,205,000 $150,455
    Home Improvement 101 $5,825,000 $57,673
    Cash Out Refi 91 $13,565,000 $149,066
    Other 90 $7,410,000 $82,333

    Cortland's most frequently cited loan purpose was Home Purchase, with 410 originations. The 2nd most popular reason was Refi, with 121 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 240 $37,960,000 $158,167
    4-5% 178 $23,480,000 $131,910
    5-6% 132 $22,160,000 $167,879
    2.5-3% 86 $11,010,000 $128,023
    <2.5% 74 $7,020,000 $94,865
    6-7% 58 $7,310,000 $126,034
    7-8% 16 $1,900,000 $118,750
    Over 8% 9 $705,000 $78,333

    During 2022, Cortland's most frequently originated rate bucket was 3-4%, with 240 originations.

    Loan Sizing (Cortland, NY MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 366 $51,400,000 $140,437
    $100,000 or less 310 $18,260,000 $58,903
    $200k-400k 123 $31,165,000 $253,374
    $400k-600k 9 $4,315,000 $479,444
    $600k-1000k 3 $2,035,000 $678,333
    $Over $1MM 2 $6,390,000 $3,195,000

    Cortland's loan sizing saw the bucket of loans from $100k-200k with 366 originations, totaling $51,400,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 310 $53,690,000 $173,194
    60-80% 221 $40,135,000 $181,606
    20-40% 89 $5,545,000 $62,303
    40-60% 86 $8,220,000 $95,581
    Under 20% 82 $2,630,000 $32,073
    Over 100% 6 $1,360,000 $226,667

    Cortland's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 310 originations, totaling $53,690,000 in origination value.