Alexandria 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 Alexandria averaged 6.94% for the week of 2025-06-18, compared to the national average of 6.81% for the same period.

    The average rate for the prior week (2025-06-12) was 6.97% and one month ago for the week of 2025-05-15, the average rate was 6.94%.

    Alexandria's average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-06-18, the average rate was 7.31%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-06-18 6.81%
    Alexandria 30 Year Fixed Rate 2025-06-18 6.94%
    Alexandria 30 Year Fixed Rate Refi 2025-06-18 7.31%
    Alexandria 15 Year Fixed Rate 2025-06-18 5.86%
    Alexandria 15 Year Fixed Rate Refi 2025-06-18 6.56%
    Alexandria 30 Year FHA 2025-06-18 0%
    Alexandria 30 Year FHA Refi 2025-06-18 0.1%
    Alexandria 30 Year USDA 2025-06-18 -0.1%
    Alexandria 30 Year USDA Refi 2025-06-18 -0.1%
    Alexandria 30 Year VA 2025-06-18 0.1%
    Alexandria 30 Year VA Refi 2025-06-18 0%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alexandria, MN.

    Alexandria 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 Alexandria, MN 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
    Bell Bank 40 6.73% $5,256
    Bremer Bank 21 6.76% $5,914
    UNITED WHOLESALE MORTGAGE, LLC 16 6.77% $6,552
    Gate City Bank 16 6.11% $5,219
    Flagstar Bank, FSB 15 6.76% $5,884
    First Western Bank & Trust 15 6.47% $5,930
    QUICKEN LOANS, LLC 14 6.72% $7,247
    Wells Fargo Bank 10 6.21% $6,489
    U.S. Bank 9 6.91% $4,388
    PREMIER MORTGAGE RESOURCES, L.L.C. 8 6.73% $5,989
    BROKER SOLUTIONS, INC. 6 6.89% $7,459
    CENTRAL MINNESOTA Credit Union 6 6.92% $3,562
    Tradition Mortgage, LLC 6 6.83% $4,905
    Truist 5 6.78% $5,172
    PENNYMAC LOAN SERVICES, LLC 5 6.37% $12,545
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.18% $4,711
    IOWA BANKERS MORTGAGE CORPORATION 4 6.22% $6,430
    CROSSCOUNTRY MORTGAGE, LLC 4 7.86% $8,540
    Summit Mortgage Corporation 3 6.75% $8,961
    LOANDEPOT.COM, LLC 3 6.87% $4,766
    HOMEOWNERS FINANCIAL GROUP USA, LLC 3 7.33% $7,466
    WINGS FINANCIAL 2 6.63% $3,660
    Minnwest Bank 2 6.81% $8,977
    Morgan Stanley Private Bank 2 5.90% $3,598
    NETWORK CAPITAL FUNDING CORPORATION 2 7.19% $4,737
    Granite Community Bank 2 6.88% $3,493
    PLAZA HOME MORTGAGE, INC. 2 6.50% $9,886
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.93% $8,490
    First Bank & Trust 2 6.94% $4,170
    ROYAL UNITED MORTGAGE LLC 2 6.88% $7,885
    HomeTown Bank 2 6.56% $4,924
    ST. CLOUD FINANCIAL 2 5.81% $8,029
    The Huntington National Bank 2 7.31% $4,099
    BMO Harris Bank 2 7.31% $6,200
    Alerus Financial 1 7.13% $1,706
    THRIVENT Federal Credit Union 1 6.50% $6,983
    TOPLINE FEDERAL CREDIT UNION 1 6.88% $4,251
    Think Mutual Bank 1 6.38% $4,264
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.49% $5,446
    Bank of America 1 6.63% $3,507
    Barrington Bank & Trust Company, N.A. 1 6.50% $7,730
    Baxter Credit Union 1 6.63% $3,948
    BAY EQUITY LLC 1 7.25% $5,269
    Cambria Financial Group, LLC 1 7.38% $6,461
    CHURCHILL MORTGAGE CORPORATION 1 7.38% $4,629
    Cornerstone State Bank 1 7.25% $1,801
    Dollar Bank, Federal Savings Bank 1 6.38% $5,318
    EVERETT FINANCIAL, INC. 1 7.13% $7,394
    First Federal Bank 1 6.63% $4,058
    First International Bank & Trust 1 6.88% $3,667
    First PREMIER Bank 1 6.50% $4,970
    Frandsen Bank & Trust 1 6.13% $3,971
    Great Southern Bank 1 6.00% $4,007
    GUARANTEED RATE, INC. 1 6.75% $4,960
    GUILD MORTGAGE COMPANY 1 7.13% $6,985
    HOMESIDE FINANCIAL, LLC 1 7.13% $4,338
    JPMorgan Chase Bank 1 6.50% $4,231
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.62% $5,050
    Merchants Bank 1 6.40% $5,408
    Mr. Cooper ( Nationstar Mortgage ) 1 6.88% $8,025
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.88% $5,659
    NBKC BANK 1 6.50% $3,394
    NexBank 1 6.88% $12,329
    Northpointe Bank 1 6.25% $4,348
    Paramount Residential Mortgage Group, Inc. 1 6.99% $10,215
    Plains Commerce Bank 1 5.88% $8,353
    PREMIA MORTGAGE, LLC 1 7.10% $4,058
    PREMIER LENDING, INC. 1 7.25% $6,022
    Prosperity Home Mortgage, LLC 1 7.00% $6,230
    Servion, Inc. 1 7.13% $4,488
    SPIRE Credit Union 1 7.00% $4,082

    Alexandria Average Closing Costs & Other Stats

    Alexandria, MN's 71 lenders originated 726 loans during 2024. The total origination value was $187,040,000, with an average loan value of $257,631.

    Alexandria's average closing costs are $4,952.

    The top Alexandria lender as defined by loan originations is Bell Bank, with 40 loans originated. Their average total fees are $5,256, which is $659 lower than the next largest lender, Bremer Bank.

    The lowest fee Alexandria lenders (with over 10 loans originated) are Gate City Bank ($5,219), Bell Bank ($5,256), Flagstar Bank, FSB ($5,884), Bremer Bank ($5,914) and First Western Bank & Trust ($5,930).

    The lowest rate Alexandria lenders (with over 10 loans originated) are Gate City Bank (6.11%), Wells Fargo Bank (6.21%), First Western Bank & Trust (6.47%), QUICKEN LOANS, LLC (6.72%) and Bell Bank (6.73%).

    Alexandria, MN 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
    Bell Bank $17,635,000 $23,235,000 31.8% 12.4%
    Barings Multifamily Capital $20,345,000 n/a 10.9%
    Bremer Bank $7,735,000 $11,435,000 47.8% 6.1%
    UNITED WHOLESALE MORTGAGE, LLC $5,255,000 $9,320,000 77.4% 5.0%
    QUICKEN LOANS, LLC $7,460,000 $7,455,000 -0.1% 4.0%
    First Western Bank & Trust $16,620,000 $6,720,000 -59.6% 3.6%
    Gate City Bank $5,175,000 $6,585,000 27.2% 3.5%
    U.S. Bank $4,580,000 $6,340,000 38.4% 3.4%
    Flagstar Bank, FSB $1,145,000 $6,310,000 451.1% 3.4%
    Pinnacle Bank $4,715,000 n/a 2.5%
    CENTRAL MINNESOTA Credit Union $2,480,000 $3,740,000 50.8% 2.0%
    PENNYMAC LOAN SERVICES, LLC $915,000 $3,575,000 290.7% 1.9%
    BROKER SOLUTIONS, INC. $1,750,000 $3,195,000 82.6% 1.7%
    Wells Fargo Bank $905,000 $3,100,000 242.5% 1.7%
    Neighborhood National Bank $630,000 $2,795,000 343.7% 1.5%
    GREYSTONE SERVICING COMPANY LLC $2,725,000 n/a 1.5%
    PREMIER MORTGAGE RESOURCES, L.L.C. $2,325,000 $2,610,000 12.3% 1.4%
    American National Bank of Minnesota $2,930,000 $2,280,000 -22.2% 1.2%
    Mortgage Research Center, LLC $2,215,000 $2,100,000 -5.2% 1.1%
    Tradition Mortgage, LLC $245,000 $1,780,000 626.5% 1.0%
    Truist $2,615,000 $1,655,000 -36.7% 0.9%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $450,000 $1,625,000 261.1% 0.9%
    First International Bank & Trust $1,615,000 n/a 0.9%
    AFFINITY PLUS $1,890,000 $1,455,000 -23.0% 0.8%
    IOWA BANKERS MORTGAGE CORPORATION $1,370,000 n/a 0.7%
    JPMorgan Chase Bank $115,000 $1,350,000 1,073.9% 0.7%
    CROSSCOUNTRY MORTGAGE, LLC $460,000 $1,330,000 189.1% 0.7%
    Morgan Stanley Private Bank $1,310,000 n/a 0.7%
    Bridgewater Bank $1,255,000 n/a 0.7%
    BMO Harris Bank $55,000 $1,250,000 2,172.7% 0.7%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,835,000 $1,130,000 -38.4% 0.6%
    Minnwest Bank $460,000 $1,125,000 144.6% 0.6%
    FREEDOM MORTGAGE CORPORATION $1,175,000 $1,075,000 -8.5% 0.6%
    ST. CLOUD FINANCIAL $1,050,000 n/a 0.6%
    Freeport State Bank $305,000 $1,010,000 231.1% 0.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $235,000 $1,010,000 329.8% 0.5%
    Dollar Bank, Federal Savings Bank $1,005,000 n/a 0.5%
    Summit Mortgage Corporation $405,000 $975,000 140.7% 0.5%
    GUARANTEED RATE, INC. $895,000 $965,000 7.8% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $325,000 $925,000 184.6% 0.5%
    Prosperity Home Mortgage, LLC $325,000 $895,000 175.4% 0.5%
    LOANDEPOT.COM, LLC $1,925,000 $880,000 -54.3% 0.5%
    The Federal Savings Bank $415,000 $875,000 110.8% 0.5%
    EVERETT FINANCIAL, INC. $1,045,000 $855,000 -18.2% 0.5%
    Security Bank & Trust Company $805,000 n/a 0.4%
    WINGS FINANCIAL $585,000 $730,000 24.8% 0.4%
    Kensington Bank $1,470,000 $725,000 -50.7% 0.4%
    NETWORK CAPITAL FUNDING CORPORATION $710,000 n/a 0.4%
    Barrington Bank & Trust Company, N.A. $680,000 n/a 0.4%
    PLAZA HOME MORTGAGE, INC. $1,505,000 $680,000 -54.8% 0.4%
    Unity Bank $655,000 n/a 0.4%
    First Bank & Trust $95,000 $645,000 578.9% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $630,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $385,000 $630,000 63.6% 0.3%
    The Huntington National Bank $990,000 $625,000 -36.9% 0.3%
    Frandsen Bank & Trust $360,000 $620,000 72.2% 0.3%
    Northpointe Bank $235,000 $615,000 161.7% 0.3%
    Cambria Financial Group, LLC $590,000 n/a 0.3%
    First Federal Bank $590,000 n/a 0.3%
    THRIVENT Federal Credit Union $75,000 $570,000 660.0% 0.3%
    PREMIA MORTGAGE, LLC $545,000 n/a 0.3%
    HomeTown Bank $530,000 n/a 0.3%
    PLANET HOME LENDING, LLC $205,000 $500,000 143.9% 0.3%
    SPIRE Credit Union $200,000 $485,000 142.5% 0.3%
    American Federal Bank $1,385,000 $480,000 -65.3% 0.3%
    Baxter Credit Union $480,000 n/a 0.3%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $620,000 $460,000 -25.8% 0.2%
    Bank of America $35,000 $460,000 1,214.3% 0.2%
    Northview Bank $450,000 $455,000 1.1% 0.2%
    Servion, Inc. $655,000 $440,000 -32.8% 0.2%
    SOUTHPOINT FINANCIAL $420,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $225,000 $415,000 84.4% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $960,000 $405,000 -57.8% 0.2%
    Paramount Residential Mortgage Group, Inc. $800,000 $405,000 -49.4% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $395,000 n/a 0.2%
    Midwest Bank $925,000 $360,000 -61.1% 0.2%
    Granite Community Bank $340,000 n/a 0.2%
    Alerus Financial $245,000 $335,000 36.7% 0.2%
    MORTGAGE ACCESS CORP. $315,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $305,000 n/a 0.2%
    Hiawatha National Bank $305,000 n/a 0.2%
    NexBank $305,000 n/a 0.2%
    Think Mutual Bank $115,000 $305,000 165.2% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $645,000 $290,000 -55.0% 0.2%
    VILLAGE CAPITAL MORTGAGE $275,000 $285,000 3.6% 0.2%
    MID AMERICA MORTGAGE, INC. $195,000 $280,000 43.6% 0.1%
    Florida Capital Bank $265,000 n/a 0.1%
    NEWREZ LLC $675,000 $265,000 -60.7% 0.1%
    Deerwood Bank $730,000 $240,000 -67.1% 0.1%
    Plains Commerce Bank $235,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $535,000 $225,000 -57.9% 0.1%
    Great Southern Bank $225,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $115,000 $215,000 87.0% 0.1%
    PREMIER LENDING, INC. $215,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $215,000 n/a 0.1%
    UNION HOME MORTGAGE CORP. $200,000 n/a 0.1%
    Dacotah Bank $195,000 n/a 0.1%
    First PREMIER Bank $195,000 n/a 0.1%
    TOPLINE FEDERAL CREDIT UNION $125,000 $195,000 56.0% 0.1%
    Bonanza Valley State Bank $270,000 $190,000 -29.6% 0.1%
    First Resource Bank $950,000 $190,000 -80.0% 0.1%
    AgCountry Farm Credit Services, FLCA $2,460,000 $185,000 -92.5% 0.1%
    BAY EQUITY LLC $185,000 n/a 0.1%
    Merchants Bank $1,200,000 $185,000 -84.6% 0.1%
    NBKC BANK $175,000 n/a 0.1%
    Union State Bank of Fargo $175,000 n/a 0.1%
    MASON MCDUFFIE MORTGAGE CORPORATION $455,000 $165,000 -63.7% 0.1%
    HOMESIDE FINANCIAL, LLC $155,000 n/a 0.1%
    Carrington Mortgage Services, LLC $150,000 n/a 0.1%
    Discover Bank $400,000 $150,000 -62.5% 0.1%
    21ST MORTGAGE CORPORATION $145,000 n/a 0.1%
    First State Bank and Trust $135,000 n/a 0.1%
    MidFirst Bank $525,000 $125,000 -76.2% 0.1%
    Liberty Bank Minnesota $105,000 n/a 0.1%
    NOVATION CREDIT UNION $105,000 n/a 0.1%
    Citizens Bank $380,000 $95,000 -75.0% 0.1%
    Connexus Credit Union $95,000 n/a 0.1%
    Cornerstone State Bank $95,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $95,000 n/a 0.1%
    VERIDIAN CREDIT UNION $105,000 $95,000 -9.5% 0.1%
    Coastal Community Bank $255,000 $80,000 -68.6% 0.0%
    GEORGIA'S OWN $75,000 n/a 0.0%
    NAVY FEDERAL CREDIT UNION $600,000 $75,000 -87.5% 0.0%
    Royal Credit Union $65,000 n/a 0.0%
    RESIDENTIAL BANCORP $55,000 n/a 0.0%
    Figure Lending LLC $45,000 n/a 0.0%
    SHAREPOINT CREDIT UNION $35,000 n/a 0.0%
    The Loan Store, Inc. $35,000 n/a 0.0%

    Alexandria's top lender by overall market share is Bell Bank, with 12.4% market share. In second place, with 10.9%, is Barings Multifamily Capital, having originated $20,345,000 in loans. In third place, with 6.1%, is Bremer Bank, having originated $11,435,000 in loans. In fourth place, with 5.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $9,320,000 in loans. In fifth place, with 4.0%, is QUICKEN LOANS, LLC, having originated $7,455,000 in loans.

    Alexandria, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 384 $111,040,000 $289,167
    Refi 95 $42,555,000 $447,947
    Home Improvement 92 $7,340,000 $79,783
    Other 87 $10,125,000 $116,379
    Cash Out Refi 68 $15,980,000 $235,000

    Alexandria's most frequently cited loan purpose was Home Purchase, with 384 originations. The 2nd most popular reason was Refi, with 95 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 262 $71,500,000 $272,901
    Over 8% 169 $17,385,000 $102,870
    7-8% 129 $33,705,000 $261,279
    5-6% 83 $48,865,000 $588,735
    <2.5% 14 $240,000 $17,143
    4-5% 6 $1,050,000 $175,000
    3-4% 2 $500,000 $250,000

    During 2024, Alexandria's most frequently originated rate bucket was 6-7%, with 262 originations.

    Loan Sizing (Alexandria, MN MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 251 $70,465,000 $280,737
    $100,000 or less 203 $10,615,000 $52,291
    $100k-200k 177 $27,365,000 $154,605
    $400k-600k 68 $31,770,000 $467,206
    $600k-1000k 20 $14,520,000 $726,000
    $Over $1MM 7 $32,305,000 $4,615,000

    Alexandria's loan sizing saw the bucket of loans from $200k-400k with 251 originations, totaling $70,465,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 187 $57,005,000 $304,840
    60-80% 159 $71,025,000 $446,698
    Under 20% 153 $10,415,000 $68,072
    20-40% 90 $11,360,000 $126,222
    40-60% 67 $20,475,000 $305,597
    Over 100% 3 $705,000 $235,000

    Alexandria's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 187 originations, totaling $57,005,000 in origination value.