Aberdeen Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Aberdeen averaged
6.74%
for the week of 2025-05-15, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-05-08) was
6.39% and
one month ago for the week of 2025-04-10, the
average rate was 6.45%.
Aberdeen's average rate one year ago was 6.92%.
For refis of the same type during the week of 2025-05-15, the average rate
was 7.31%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-05-15 | 6.81% |
Aberdeen 30 Year Fixed Rate | 2025-05-15 | 6.74% |
Aberdeen 30 Year Fixed Rate Refi | 2025-05-15 | 7.31% |
Aberdeen 15 Year Fixed Rate | 2025-05-15 | 6.02% |
Aberdeen 15 Year Fixed Rate Refi | 2025-05-15 | 6.02% |
Aberdeen 30 Year FHA | 2025-05-15 | 6.3% |
Aberdeen 30 Year FHA Refi | 2025-05-15 | 6.54% |
Aberdeen 30 Year USDA | 2025-05-15 | 6.58% |
Aberdeen 30 Year USDA Refi | 2025-05-15 | 6.68% |
Aberdeen 30 Year VA | 2025-05-15 | 6.31% |
Aberdeen 30 Year VA Refi | 2025-05-15 | 6.51% |
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.).
Aberdeen Average Closing Costs & Other Stats
Aberdeen, SD's 30 lenders originated 520
loans during 2024. The total origination value was $125,110,000, with an average loan value of
$240,596.
Aberdeen's average closing costs are $4,952.
The top Aberdeen lender as defined by loan originations is Dacotah Bank, with
66 loans originated. Their average total fees are
$3,628, which is $1,402
lower than the next largest lender,
CORTRUST MORTGAGE, INC..
The lowest fee Aberdeen lenders (with over 10 loans originated) are
Dacotah Bank ($3,628), U.S. Bank ($4,469), CORTRUST MORTGAGE, INC. ($5,031), Plains Commerce Bank ($5,297) and American Bank & Trust ($5,370).
The lowest rate Aberdeen lenders (with over 10 loans originated) are
CORTRUST MORTGAGE, INC. (6.20%), Plains Commerce Bank (6.38%), American Bank & Trust (6.45%), Dacotah Bank (6.54%) and U.S. Bank (6.87%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
---|---|---|---|---|
Dacotah Bank | $21,075,000 | $28,800,000 | 36.7% | 23.0% |
Bank Midwest | $11,850,000 | $11,005,000 | -7.1% | 8.8% |
Bremer Bank | $10,405,000 | n/a | 8.3% | |
U.S. Bank | $2,100,000 | $9,415,000 | 348.3% | 7.5% |
Plains Commerce Bank | $5,730,000 | $7,330,000 | 27.9% | 5.9% |
CORTRUST MORTGAGE, INC. | $4,950,000 | $7,310,000 | 47.7% | 5.8% |
First Interstate Bank | $4,310,000 | $6,640,000 | 54.1% | 5.3% |
American Bank & Trust | $12,690,000 | $6,310,000 | -50.3% | 5.0% |
QUICKEN LOANS, LLC | $2,665,000 | $4,150,000 | 55.7% | 3.3% |
Mortgage Research Center, LLC | $2,245,000 | $3,315,000 | 47.7% | 2.6% |
First PREMIER Bank | $1,415,000 | $2,800,000 | 97.9% | 2.2% |
CorTrust Bank | $3,345,000 | $2,615,000 | -21.8% | 2.1% |
Farm Credit Mid-America, ACA | $1,225,000 | $2,455,000 | 100.4% | 2.0% |
PENNYMAC LOAN SERVICES, LLC | $620,000 | $1,265,000 | 104.0% | 1.0% |
CROSSCOUNTRY MORTGAGE, LLC | $2,075,000 | $1,190,000 | -42.7% | 1.0% |
CMG MORTGAGE, INC. | $1,040,000 | n/a | 0.8% | |
CU MORTGAGE DIRECT, LLC | $370,000 | $1,040,000 | 181.1% | 0.8% |
LOANDEPOT.COM, LLC | $1,015,000 | n/a | 0.8% | |
NEWREZ LLC | $350,000 | $925,000 | 164.3% | 0.7% |
Wells Fargo Bank | $580,000 | $875,000 | 50.9% | 0.7% |
NAVY FEDERAL CREDIT UNION | $380,000 | $870,000 | 128.9% | 0.7% |
SIRVA MORTGAGE, INC. | $790,000 | n/a | 0.6% | |
FREEDOM MORTGAGE CORPORATION | $135,000 | $780,000 | 477.8% | 0.6% |
AMERISAVE MORTGAGE CORPORATION | $695,000 | $710,000 | 2.2% | 0.6% |
First Western Bank & Trust | $305,000 | $705,000 | 131.1% | 0.6% |
Servion, Inc. | $675,000 | n/a | 0.5% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $635,000 | n/a | 0.5% | |
USAA Federal Savings Bank | $880,000 | $600,000 | -31.8% | 0.5% |
First Savings Bank | $235,000 | $540,000 | 129.8% | 0.4% |
BANKWEST, INC. | $715,000 | $480,000 | -32.9% | 0.4% |
MID AMERICA MORTGAGE, INC. | $205,000 | $470,000 | 129.3% | 0.4% |
Citizens Bank | $170,000 | $445,000 | 161.8% | 0.4% |
Reliabank Dakota | $660,000 | $440,000 | -33.3% | 0.4% |
GUARANTEED RATE, INC. | $1,075,000 | $435,000 | -59.5% | 0.3% |
Cornerstone Bank | $405,000 | n/a | 0.3% | |
BLACK HILLS FEDERAL CREDIT UNION | $85,000 | $390,000 | 358.8% | 0.3% |
Discover Bank | $145,000 | $315,000 | 117.2% | 0.3% |
Bell Bank | $275,000 | n/a | 0.2% | |
First Federal Bank | $275,000 | n/a | 0.2% | |
AMERICAN FINANCING CORPORATION | $260,000 | n/a | 0.2% | |
BankVista | $255,000 | n/a | 0.2% | |
GARDNER FINANCIAL SERVICES, LTD. | $255,000 | n/a | 0.2% | |
Willamette Valley Bank | $255,000 | n/a | 0.2% | |
COMMUNITYAMERICA | $245,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $105,000 | $245,000 | 133.3% | 0.2% |
WINGS FINANCIAL | $235,000 | n/a | 0.2% | |
AMERICAN FINANCIAL RESOURCES, INC. | $225,000 | n/a | 0.2% | |
Coastal Community Bank | $140,000 | $225,000 | 60.7% | 0.2% |
UNITED WHOLESALE MORTGAGE, LLC | $265,000 | $225,000 | -15.1% | 0.2% |
University Bank | $215,000 | n/a | 0.2% | |
BROKER SOLUTIONS, INC. | $395,000 | $175,000 | -55.7% | 0.1% |
Bethpage Federal Credit Union | $165,000 | n/a | 0.1% | |
First Dakota National Bank | $580,000 | $165,000 | -71.6% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $165,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $155,000 | n/a | 0.1% | |
LONGBRIDGE FINANCIAL, LLC | $155,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $385,000 | $155,000 | -59.7% | 0.1% |
Starion Bank | $140,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $75,000 | $125,000 | 66.7% | 0.1% |
Ixonia Bank | $85,000 | n/a | 0.1% | |
RESIDENTIAL BANCORP | $75,000 | n/a | 0.1% | |
BMO Harris Bank | $65,000 | n/a | 0.1% | |
NOVATION CREDIT UNION | $125,000 | $45,000 | -64.0% | 0.0% |
Aberdeen's top lender by overall market share is Dacotah Bank, with 23.0% market share. In second place, with 8.8%, is Bank Midwest, having originated $11,005,000 in loans. In third place, with 8.3%, is Bremer Bank, having originated $10,405,000 in loans. In fourth place, with 7.5%, is U.S. Bank, having originated $9,415,000 in loans. In fifth place, with 5.9%, is Plains Commerce Bank, having originated $7,330,000 in loans.
Aberdeen Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Aberdeen (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 | $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%) | $220,643 (-31.2%) | 0.00 | 135 |
2019-04-01 | $190,439 (-5.3%) | $220,305 (1.2%) | 0.00 | 137 |
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 (10.6%) | 0.00 | 132 |
2020-04-01 | $197,900 (3.9%) | $246,304 (11.8%) | 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 | $274,450 (-4.0%) | $313,545 (-1.4%) | 0.00 | 85 |
2024-06-01 | $264,900 (-3.6%) | $312,083 (3.5%) | 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 |
2024-12-01 | $256,450 (9.2%) | $319,429 (3.9%) | 0.00 | 97 |
2025-01-01 | $259,675 (24.5%) | $319,265 (17.7%) | 0.00 | 81 |
2025-02-01 | $246,150 (24.9%) | $298,932 (14.2%) | 0.00 | 85 |
2025-03-01 | $249,900 (20.5%) | $315,165 (13.4%) | 0.00 | 85 |
2025-04-01 | $242,950 (-2.8%) | $301,755 (0.5%) | 0.00 | 84 |
Aberdeen's median listing price comes in at 0% of the national average.
Aberdeen's average listing price for 2025-04-01 was $301,755, a difference of $1,400 (0.5%) versus the prior year and $-13,410 versus the prior month.
For the 2025-04-01 period, Aberdeen had 84 MLS listings, a difference of -1 listings (-1%) versus the prior month and -3 listings (-3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Aberdeen (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,129 sqft |
2019-04-01 | 0 days | 2,124 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 | 2,367 sqft |
2024-06-01 | 0 days | 2,443 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 |
2024-12-01 | 0 days | 2,156 sqft |
2025-01-01 | 0 days | 2,178 sqft |
2025-02-01 | 0 days | 2,128 sqft |
2025-03-01 | 0 days | 2,181 sqft |
2025-04-01 | 0 days | 2,164 sqft |
Aberdeen's median square footage for active listings during the 2025-04-01 period was 2,164 sqft. One year prior, the average listing was 2,287 sqft.
Aberdeen, SD Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 367 | $91,855,000 | $250,286 |
Refi | 59 | $23,065,000 | $390,932 |
Home Improvement | 38 | $1,890,000 | $49,737 |
Cash Out Refi | 35 | $7,215,000 | $206,143 |
Other | 21 | $1,085,000 | $51,667 |
Aberdeen's most frequently cited loan purpose was Home Purchase, with 367 originations. The 2nd most popular reason was Refi, with 59 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 199 | $57,865,000 | $290,779 |
5-6% | 103 | $21,445,000 | $208,204 |
7-8% | 94 | $22,350,000 | $237,766 |
Over 8% | 73 | $7,075,000 | $96,918 |
2.5-3% | 7 | $195,000 | $27,857 |
4-5% | 5 | $1,245,000 | $249,000 |
During 2024, Aberdeen's most frequently originated rate bucket was 6-7%, with 199 originations.
Loan Sizing (Aberdeen, SD MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 178 | $27,540,000 | $154,719 |
$200k-400k | 172 | $46,080,000 | $267,907 |
$100,000 or less | 128 | $7,350,000 | $57,422 |
$400k-600k | 29 | $13,225,000 | $456,034 |
$600k-1000k | 9 | $6,405,000 | $711,667 |
$Over $1MM | 4 | $24,510,000 | $6,127,500 |
Aberdeen's loan sizing saw the bucket of loans from $100k-200k with 178 originations, totaling $27,540,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 236 | $55,710,000 | $236,059 |
60-80% | 116 | $38,630,000 | $333,017 |
20-40% | 43 | $4,385,000 | $101,977 |
40-60% | 39 | $6,575,000 | $168,590 |
Under 20% | 37 | $1,605,000 | $43,378 |
Over 100% | 8 | $2,230,000 | $278,750 |
Aberdeen's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 236 originations, totaling $55,710,000 in origination value.