Aberdeen 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 Aberdeen averaged 6.13% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.52% and one month ago for the week of 2024-11-07, the average rate was 6.42%.

    Aberdeen's average rate one year ago was 6.76%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.8%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Aberdeen 30 Year Fixed Rate 2024-12-12 6.13%
    Aberdeen 30 Year Fixed Rate Refi 2024-12-12 6.8%
    Aberdeen 15 Year Fixed Rate 2024-12-12 6.04%
    Aberdeen 15 Year Fixed Rate Refi 2024-12-12 5.74%
    Aberdeen 30 Year FHA 2024-12-12 6.48%
    Aberdeen 30 Year FHA Refi 2024-12-12 6.08%
    Aberdeen 30 Year USDA 2024-12-12 6.3%
    Aberdeen 30 Year USDA Refi 2024-12-12 6.1%
    Aberdeen 30 Year VA 2024-12-12 5.98%
    Aberdeen 30 Year VA Refi 2024-12-12 5.98%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Aberdeen, SD.

    Aberdeen 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 Aberdeen, SD 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
    Dacotah Bank 60 6.54% $4,020
    American Bank & Trust 18 6.42% $4,732
    Plains Commerce Bank 14 6.38% $5,396
    CORTRUST MORTGAGE, INC. 11 6.32% $4,740
    First Interstate Bank 8 6.72% $4,652
    QUICKEN LOANS, LLC 6 7.10% $6,503
    CROSSCOUNTRY MORTGAGE, LLC 5 6.73% $6,648
    U.S. Bank 4 7.34% $2,896
    First PREMIER Bank 4 6.81% $3,160
    Goldwater Bank, N.A. 3 7.00% $6,091
    Farm Credit Mid-America, ACA 3 6.83% $9,425
    Wells Fargo Bank 3 6.50% $6,262
    Ally Bank 2 6.31% $4,383
    American Mortgage & Equity Consultants, Inc. 2 7.69% $8,345
    First Dakota National Bank 2 6.87% $4,488
    NEWREZ LLC 2 6.19% $3,924
    USAA Federal Savings Bank 2 6.44% $5,138
    First Savings Bank 1 6.50% $5,991
    First Western Bank & Trust 1 6.25% $6,100
    Flagstar Bank, FSB 1 6.61% $5,230
    First Bank & Trust 1 6.00% $6,352
    Heritage Bank 1 6.25% $6,071
    IOWA BANKERS MORTGAGE CORPORATION 1 6.25% $2,240
    JPMorgan Chase Bank 1 7.25% $3,487
    Lincoln Savings Bank 1 5.63% $2,936
    M&T Bank 1 6.25% $5,924
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.75% $6,919
    NAVY FEDERAL CREDIT UNION 1 5.25% $2,676
    Washington Trust Bank 1 6.75% $4,529
    Oakstar Bank 1 6.50% $3,671
    CU MORTGAGE DIRECT, LLC 1 6.63% $2,515
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $7,378
    Century Mortgage Company DBA Century Lending Company 1 8.13% $10,352
    TOWN AND COUNTRY Credit Union 1 5.99% $4,435
    UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $6,071
    AMERISAVE MORTGAGE CORPORATION 1 6.38% $29,645
    BANKWEST, INC. 1 6.38% $4,620
    First National Bank 1 6.88% $5,687
    First Horizon Bank 1 6.63% $3,664

    Aberdeen Average Closing Costs & Other Stats

    Aberdeen, SD's 39 lenders originated 470 loans during 2023. The total origination value was $93,990,000, with an average loan value of $199,979.

    Aberdeen's average closing costs are $4,863.

    The top Aberdeen lender as defined by loan originations is Dacotah Bank, with 60 loans originated. Their average total fees are $4,020, which is $712 lower than the next largest lender, American Bank & Trust.

    The lowest fee Aberdeen lenders (with over 10 loans originated) are Dacotah Bank ($4,020), American Bank & Trust ($4,732), CORTRUST MORTGAGE, INC. ($4,740), Plains Commerce Bank ($5,396) and .

    The lowest rate Aberdeen lenders (with over 10 loans originated) are CORTRUST MORTGAGE, INC. (6.32%), Plains Commerce Bank (6.38%), American Bank & Trust (6.42%), Dacotah Bank (6.54%) and .

    Aberdeen, SD 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
    Dacotah Bank $34,490,000 $21,075,000 -38.9% 22.4%
    American Bank & Trust $24,490,000 $12,690,000 -48.2% 13.5%
    Bank Midwest $11,095,000 $11,850,000 6.8% 12.6%
    Plains Commerce Bank $19,495,000 $5,730,000 -70.6% 6.1%
    CORTRUST MORTGAGE, INC. $10,710,000 $4,950,000 -53.8% 5.3%
    First Interstate Bank $12,135,000 $4,310,000 -64.5% 4.6%
    CorTrust Bank $7,935,000 $3,345,000 -57.8% 3.6%
    QUICKEN LOANS, LLC $4,245,000 $2,665,000 -37.2% 2.8%
    Mortgage Research Center, LLC $1,955,000 $2,245,000 14.8% 2.4%
    U.S. Bank $4,910,000 $2,100,000 -57.2% 2.2%
    CROSSCOUNTRY MORTGAGE, LLC $875,000 $2,075,000 137.1% 2.2%
    American Mortgage & Equity Consultants, Inc. $1,990,000 n/a 2.1%
    First PREMIER Bank $230,000 $1,415,000 515.2% 1.5%
    Farm Credit Mid-America, ACA $3,035,000 $1,225,000 -59.6% 1.3%
    GUARANTEED RATE, INC. $1,075,000 n/a 1.1%
    Goldwater Bank, N.A. $7,320,000 $935,000 -87.2% 1.0%
    USAA Federal Savings Bank $235,000 $880,000 274.5% 0.9%
    First Bank & Trust $245,000 $775,000 216.3% 0.8%
    BANKWEST, INC. $760,000 $715,000 -5.9% 0.8%
    AMERISAVE MORTGAGE CORPORATION $1,055,000 $695,000 -34.1% 0.7%
    Reliabank Dakota $1,550,000 $660,000 -57.4% 0.7%
    PENNYMAC LOAN SERVICES, LLC $620,000 $620,000 0.0% 0.7%
    First Dakota National Bank $175,000 $580,000 231.4% 0.6%
    Wells Fargo Bank $4,605,000 $580,000 -87.4% 0.6%
    The Federal Savings Bank $430,000 n/a 0.5%
    BROKER SOLUTIONS, INC. $250,000 $395,000 58.0% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $385,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $145,000 $380,000 162.1% 0.4%
    CU MORTGAGE DIRECT, LLC $2,170,000 $370,000 -82.9% 0.4%
    NEWREZ LLC $350,000 n/a 0.4%
    POLARIS HOME FUNDING CORP. $350,000 n/a 0.4%
    First Horizon Bank $305,000 n/a 0.3%
    First Western Bank & Trust $305,000 n/a 0.3%
    Oakstar Bank $305,000 n/a 0.3%
    Century Mortgage Company DBA Century Lending Company $265,000 n/a 0.3%
    UNITED WHOLESALE MORTGAGE, LLC $665,000 $265,000 -60.2% 0.3%
    CITIZENS EQUITY FIRST $245,000 n/a 0.3%
    First International Bank & Trust $290,000 $245,000 -15.5% 0.3%
    First National Bank $145,000 $235,000 62.1% 0.3%
    First Savings Bank $350,000 $235,000 -32.9% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $475,000 $235,000 -50.5% 0.3%
    IOWA BANKERS MORTGAGE CORPORATION $230,000 n/a 0.2%
    Heritage Bank $145,000 $225,000 55.2% 0.2%
    Ally Bank $220,000 n/a 0.2%
    MID AMERICA MORTGAGE, INC. $415,000 $205,000 -50.6% 0.2%
    Lincoln Savings Bank $195,000 n/a 0.2%
    AgCountry Farm Credit Services, FLCA $175,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $470,000 $175,000 -62.8% 0.2%
    Citizens Bank $525,000 $170,000 -67.6% 0.2%
    TOWN AND COUNTRY Credit Union $315,000 $165,000 -47.6% 0.2%
    CALIBER HOME LOANS, INC. $145,000 n/a 0.2%
    Discover Bank $290,000 $145,000 -50.0% 0.2%
    Coastal Community Bank $140,000 n/a 0.1%
    FREEDOM MORTGAGE CORPORATION $1,125,000 $135,000 -88.0% 0.1%
    M&T Bank $135,000 n/a 0.1%
    Washington Trust Bank $135,000 n/a 0.1%
    NOVATION CREDIT UNION $85,000 $125,000 47.1% 0.1%
    Flagstar Bank, FSB $580,000 $105,000 -81.9% 0.1%
    CNB Bank $95,000 n/a 0.1%
    BLACK HILLS FEDERAL CREDIT UNION $85,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $75,000 n/a 0.1%
    Truist $105,000 $75,000 -28.6% 0.1%
    American State Bank $65,000 n/a 0.1%
    JPMorgan Chase Bank $475,000 $55,000 -88.4% 0.1%
    Figure Lending LLC $90,000 $45,000 -50.0% 0.0%
    Northpointe Bank $125,000 $35,000 -72.0% 0.0%
    RIVERLAND BANK $35,000 n/a 0.0%
    FIRST COMMUNITY CREDIT UNION $185,000 $25,000 -86.5% 0.0%

    Aberdeen's top lender by overall market share is Dacotah Bank, with 22.4% market share. In second place, with 13.5%, is American Bank & Trust, having originated $12,690,000 in loans. In third place, with 12.6%, is Bank Midwest, having originated $11,850,000 in loans. In fourth place, with 6.1%, is Plains Commerce Bank, having originated $5,730,000 in loans. In fifth place, with 5.3%, is CORTRUST MORTGAGE, INC., having originated $4,950,000 in loans.

    Aberdeen Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Aberdeen (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 $189,438 (-1.5%) $311,182 (42.1%) 0.00 159
    2018-02-01 $189,900 (0.1%) $306,719 (40.6%) 0.00 161
    2018-03-01 $212,500 (14.0%) $320,463 (52.7%) 0.00 154
    2018-04-01 $201,150 (8.8%) $217,767 (-2.3%) 0.00 164
    2018-05-01 $219,950 (10.3%) $236,529 (-0.3%) 0.00 175
    2018-06-01 $224,500 (12.3%) $244,378 (-1.4%) 0.00 180
    2018-07-01 $211,600 (1.0%) $238,603 (-7.4%) 0.00 182
    2018-08-01 $192,050 (-3.0%) $224,777 (-19.3%) 0.00 193
    2018-09-01 $194,900 (8.3%) $231,843 (-12.4%) 0.00 187
    2018-10-01 $209,900 (17.6%) $229,849 (-12.8%) 0.00 179
    2018-11-01 $204,900 (20.6%) $229,712 (-10.3%) 0.00 174
    2018-12-01 $202,450 (7.1%) $224,738 (-17.3%) 0.00 149
    2019-01-01 $198,675 (4.9%) $224,183 (-28.0%) 0.00 140
    2019-02-01 $202,400 (6.6%) $224,940 (-26.7%) 0.00 136
    2019-03-01 $194,214 (-8.6%) $220,274 (-31.3%) 0.00 135
    2019-04-01 $190,439 (-5.3%) $219,937 (1.0%) 0.00 136
    2019-05-01 $212,400 (-3.4%) $236,533 (0.0%) 0.00 143
    2019-06-01 $188,900 (-15.9%) $229,881 (-5.9%) 0.00 153
    2019-07-01 $179,900 (-15.0%) $230,261 (-3.5%) 0.00 164
    2019-08-01 $175,809 (-8.5%) $223,407 (-0.6%) 0.00 180
    2019-09-01 $169,673 (-12.9%) $221,876 (-4.3%) 0.00 193
    2019-10-01 $166,082 (-20.9%) $222,097 (-3.4%) 0.00 198
    2019-11-01 $164,900 (-19.5%) $224,996 (-2.1%) 0.00 175
    2019-12-01 $159,000 (-21.5%) $218,883 (-2.6%) 0.00 157
    2020-01-01 $157,950 (-20.5%) $225,141 (0.4%) 0.00 132
    2020-02-01 $175,000 (-13.5%) $249,651 (11.0%) 0.00 121
    2020-03-01 $192,700 (-0.8%) $244,074 (10.8%) 0.00 132
    2020-04-01 $197,900 (3.9%) $246,304 (12.0%) 0.00 139
    2020-05-01 $197,450 (-7.0%) $249,341 (5.4%) 0.00 140
    2020-06-01 $175,450 (-7.1%) $237,079 (3.1%) 0.00 132
    2020-07-01 $176,000 (-2.2%) $234,378 (1.8%) 0.00 117
    2020-08-01 $162,000 (-7.9%) $228,428 (2.3%) 0.00 107
    2020-09-01 $192,650 (13.5%) $240,789 (8.5%) 0.00 101
    2020-10-01 $174,900 (5.3%) $221,927 (-0.1%) 0.00 107
    2020-11-01 $172,350 (4.5%) $220,680 (-1.9%) 0.00 96
    2020-12-01 $159,950 (0.6%) $210,217 (-4.0%) 0.00 85
    2021-01-01 $159,900 (1.2%) $193,228 (-14.2%) 0.00 78
    2021-02-01 $159,900 (-8.6%) $187,895 (-24.7%) 0.00 75
    2021-03-01 $150,000 (-22.2%) $194,515 (-20.3%) 0.00 72
    2021-04-01 $157,500 (-20.4%) $213,582 (-13.3%) 0.00 68
    2021-05-01 $160,000 (-19.0%) $212,078 (-14.9%) 0.00 62
    2021-06-01 $176,900 (0.8%) $212,972 (-10.2%) 0.00 65
    2021-07-01 $191,200 (8.6%) $228,265 (-2.6%) 0.00 67
    2021-08-01 $221,300 (36.6%) $256,875 (12.5%) 0.00 65
    2021-09-01 $209,925 (9.0%) $251,741 (4.6%) 0.00 65
    2021-10-01 $229,900 (31.5%) $261,400 (17.8%) 0.00 66
    2021-11-01 $223,400 (29.6%) $263,911 (19.6%) 0.00 59
    2021-12-01 $232,675 (45.5%) $265,257 (26.2%) 0.00 54
    2022-01-01 $255,000 (59.5%) $281,741 (45.8%) 0.00 31
    2022-02-01 $267,450 (67.3%) $307,565 (63.7%) 0.00 29
    2022-03-01 $217,450 (45.0%) $297,349 (52.9%) 0.00 30
    2022-04-01 $259,950 (65.1%) $286,700 (34.2%) 0.00 37
    2022-05-01 $242,200 (51.4%) $261,536 (23.3%) 0.00 39
    2022-06-01 $224,425 (26.9%) $266,144 (25.0%) 0.00 59
    2022-07-01 $235,325 (23.1%) $263,331 (15.4%) 0.00 47
    2022-08-01 $259,750 (17.4%) $294,765 (14.8%) 0.00 53
    2022-09-01 $217,675 (3.7%) $276,873 (10.0%) 0.00 48
    2022-10-01 $209,900 (-8.7%) $259,504 (-0.7%) 0.00 50
    2022-11-01 $210,950 (-5.6%) $260,205 (-1.4%) 0.00 42
    2022-12-01 $204,900 (-11.9%) $262,098 (-1.2%) 0.00 41
    2023-01-01 $207,400 (-18.7%) $265,979 (-5.6%) 0.00 33
    2023-02-01 $209,950 (-21.5%) $266,073 (-13.5%) 0.00 33
    2023-03-01 $238,075 (9.5%) $268,077 (-9.8%) 0.00 35
    2023-04-01 $272,500 (4.8%) $317,249 (10.7%) 0.00 56
    2023-05-01 $285,725 (18.0%) $317,951 (21.6%) 0.00 59
    2023-06-01 $274,700 (22.4%) $301,630 (13.3%) 0.00 63
    2023-07-01 $259,900 (10.4%) $301,513 (14.5%) 0.00 73
    2023-08-01 $254,450 (-2.0%) $318,940 (8.2%) 0.00 71
    2023-09-01 $299,450 (37.6%) $342,510 (23.7%) 0.00 73
    2023-10-01 $244,300 (16.4%) $324,711 (25.1%) 0.00 103
    2023-11-01 $240,825 (14.2%) $304,859 (17.2%) 0.00 136
    2023-12-01 $234,900 (14.6%) $307,485 (17.3%) 0.00 89
    2024-01-01 $208,600 (0.6%) $271,375 (2.0%) 0.00 78
    2024-02-01 $197,100 (-6.1%) $261,881 (-1.6%) 0.00 73
    2024-03-01 $207,450 (-12.9%) $277,876 (3.7%) 0.00 76
    2024-04-01 $249,900 (-8.3%) $300,355 (-5.3%) 0.00 87
    2024-05-01 $276,500 (-3.2%) $313,545 (-1.4%) 0.00 85
    2024-06-01 $264,900 (-3.6%) $310,775 (3.0%) 0.00 89
    2024-07-01 $268,375 (3.3%) $320,175 (6.2%) 0.00 102
    2024-08-01 $264,700 (4.0%) $335,265 (5.1%) 0.00 117
    2024-09-01 $260,650 (-13.0%) $338,426 (-1.2%) 0.00 113
    2024-10-01 $259,900 (6.4%) $338,205 (4.2%) 0.00 113
    2024-11-01 $256,950 (6.7%) $322,685 (5.9%) 0.00 109
    Aberdeen's median listing price for 2024-11-01 was $256,950, a difference of $16,125 (6.7%) versus the prior year and $-2,950 versus the prior month.

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

    Aberdeen's average listing price for 2024-11-01 was $322,685, a difference of $17,826 (5.9%) versus the prior year and $-15,520 versus the prior month.

    For the 2024-11-01 period, Aberdeen had 109 MLS listings, a difference of -4 listings (-4%) versus the prior month and -27 listings (-20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Aberdeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,110 sqft
    2018-02-01 0 days 2,152 sqft
    2018-03-01 0 days 2,225 sqft
    2018-04-01 0 days 2,169 sqft
    2018-05-01 0 days 2,200 sqft
    2018-06-01 0 days 2,272 sqft
    2018-07-01 0 days 2,199 sqft
    2018-08-01 0 days 2,184 sqft
    2018-09-01 0 days 2,272 sqft
    2018-10-01 0 days 2,196 sqft
    2018-11-01 0 days 2,188 sqft
    2018-12-01 0 days 2,156 sqft
    2019-01-01 0 days 2,131 sqft
    2019-02-01 0 days 2,150 sqft
    2019-03-01 0 days 2,130 sqft
    2019-04-01 0 days 2,125 sqft
    2019-05-01 0 days 2,232 sqft
    2019-06-01 0 days 2,244 sqft
    2019-07-01 0 days 2,180 sqft
    2019-08-01 0 days 2,139 sqft
    2019-09-01 0 days 2,126 sqft
    2019-10-01 0 days 2,123 sqft
    2019-11-01 0 days 2,150 sqft
    2019-12-01 0 days 2,170 sqft
    2020-01-01 0 days 2,192 sqft
    2020-02-01 0 days 2,360 sqft
    2020-03-01 0 days 2,414 sqft
    2020-04-01 0 days 2,376 sqft
    2020-05-01 0 days 2,362 sqft
    2020-06-01 0 days 2,347 sqft
    2020-07-01 0 days 2,392 sqft
    2020-08-01 0 days 2,240 sqft
    2020-09-01 0 days 2,509 sqft
    2020-10-01 0 days 2,496 sqft
    2020-11-01 0 days 2,431 sqft
    2020-12-01 0 days 2,235 sqft
    2021-01-01 0 days 2,146 sqft
    2021-02-01 0 days 2,128 sqft
    2021-03-01 0 days 2,142 sqft
    2021-04-01 0 days 2,133 sqft
    2021-05-01 0 days 2,228 sqft
    2021-06-01 0 days 2,146 sqft
    2021-07-01 0 days 2,148 sqft
    2021-08-01 0 days 2,422 sqft
    2021-09-01 0 days 2,357 sqft
    2021-10-01 0 days 2,478 sqft
    2021-11-01 0 days 2,365 sqft
    2021-12-01 0 days 2,429 sqft
    2022-01-01 0 days 2,478 sqft
    2022-02-01 0 days 2,660 sqft
    2022-03-01 0 days 2,327 sqft
    2022-04-01 0 days 2,250 sqft
    2022-05-01 0 days 2,272 sqft
    2022-06-01 0 days 2,188 sqft
    2022-07-01 0 days 2,280 sqft
    2022-08-01 0 days 2,536 sqft
    2022-09-01 0 days 2,258 sqft
    2022-10-01 0 days 2,250 sqft
    2022-11-01 0 days 2,202 sqft
    2022-12-01 0 days 2,177 sqft
    2023-01-01 0 days 2,227 sqft
    2023-02-01 0 days 2,283 sqft
    2023-03-01 0 days 2,261 sqft
    2023-04-01 0 days 2,245 sqft
    2023-05-01 0 days 2,251 sqft
    2023-06-01 0 days 2,189 sqft
    2023-07-01 0 days 2,060 sqft
    2023-08-01 0 days 2,207 sqft
    2023-09-01 0 days 2,298 sqft
    2023-10-01 0 days 2,257 sqft
    2023-11-01 0 days 2,236 sqft
    2023-12-01 0 days 2,236 sqft
    2024-01-01 0 days 2,052 sqft
    2024-02-01 0 days 2,092 sqft
    2024-03-01 0 days 2,092 sqft
    2024-04-01 0 days 2,287 sqft
    2024-05-01 0 days 2,373 sqft
    2024-06-01 0 days 2,478 sqft
    2024-07-01 0 days 2,476 sqft
    2024-08-01 0 days 2,366 sqft
    2024-09-01 0 days 2,300 sqft
    2024-10-01 0 days 2,185 sqft
    2024-11-01 0 days 2,146 sqft
    Aberdeen's median listing age (time on market) for 2024-11-01 was 0 days.

    Aberdeen's median square footage for active listings during the 2024-11-01 period was 2,146 sqft. One year prior, the average listing was 2,236 sqft.

    Aberdeen, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 336 $67,580,000 $201,131
    Home Improvement 41 $3,085,000 $75,244
    Refi 38 $16,400,000 $431,579
    Cash Out Refi 29 $5,035,000 $173,621
    Other 26 $1,890,000 $72,692

    Aberdeen's most frequently cited loan purpose was Home Purchase, with 336 originations. The 2nd most popular reason was Home Improvement, with 41 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 171 $39,055,000 $228,392
    7-8% 113 $19,565,000 $173,142
    5-6% 71 $13,625,000 $191,901
    Over 8% 69 $5,885,000 $85,290
    2.5-3% 6 $150,000 $25,000
    4-5% 2 $310,000 $155,000
    3-4% 1 $75,000 $75,000

    During 2023, Aberdeen's most frequently originated rate bucket was 6-7%, with 171 originations.

    Loan Sizing (Aberdeen, SD MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 156 $23,620,000 $151,410
    $100,000 or less 147 $7,835,000 $53,299
    $200k-400k 146 $39,010,000 $267,192
    $400k-600k 13 $5,825,000 $448,077
    $600k-1000k 5 $3,395,000 $679,000
    $Over $1MM 3 $14,305,000 $4,768,333

    Aberdeen's loan sizing saw the bucket of loans from $100k-200k with 156 originations, totaling $23,620,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 194 $40,610,000 $209,330
    60-80% 112 $25,300,000 $225,893
    20-40% 40 $3,330,000 $83,250
    40-60% 40 $6,070,000 $151,750
    Under 20% 40 $1,330,000 $33,250
    Over 100% 7 $2,025,000 $289,286

    Aberdeen's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 194 originations, totaling $40,610,000 in origination value.