Alexandria Mortgage Rates

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

30 Year Fixed Rate mortgages in Alexandria averaged 6.03% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 5.6% and one month ago for the week of 2022-05-19, the average rate was 5.37%.

Alexandria's average rate one year ago was 2.79%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.78%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Alexandria 30 Year Fixed Rate 2022-06-23 6.03%
Alexandria 30 Year Fixed Rate Refi 2022-06-23 5.78%
Alexandria 15 Year Fixed Rate 2022-06-23 5.12%
Alexandria 15 Year Fixed Rate Refi 2022-06-23 4.85%
Alexandria 30 Year FHA 2022-06-23 0.16%
Alexandria 30 Year FHA Refi 2022-06-23 0.29%
Alexandria 30 Year USDA 2022-06-23 -0.18%
Alexandria 30 Year USDA Refi 2022-06-23 -0.28%
Alexandria 30 Year VA 2022-06-23 0.06%
Alexandria 30 Year VA Refi 2022-06-23 -0.11%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Bell Bank 86 3.06% $3,286
First Western Bank & Trust 81 2.77% $3,630
Bremer Bank 68 3.08% $4,928
QUICKEN LOANS, LLC 53 3.01% $5,042
Gate City Bank 37 2.70% $4,955
CRESCENT MORTGAGE COMPANY 35 3.02% $3,916
Wells Fargo Bank 32 3.10% $3,355
UNITED WHOLESALE MORTGAGE, LLC 30 2.96% $6,123
U.S. Bank 21 3.06% $3,260
Truist Bank 21 2.96% $4,205
PENNYMAC LOAN SERVICES, LLC 21 3.09% $5,561
CENTRAL MINNESOTA Credit Union 19 3.04% $3,410
Flagstar Bank, FSB 18 2.94% $4,577
BROKER SOLUTIONS, INC. 18 3.25% $4,088
Merchants Bank 17 2.96% $3,746
AMERISAVE MORTGAGE CORPORATION 10 2.99% $4,550
Prosperity Home Mortgage, LLC 8 2.98% $3,724
PREMIER MORTGAGE RESOURCES, L.L.C. 7 3.32% $4,773
LOANDEPOT.COM, LLC 7 2.85% $4,998
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 3.07% $6,035
WINGS FINANCIAL 7 2.93% $3,001
FREEDOM MORTGAGE CORPORATION 6 3.08% $1,822
Alerus Financial 6 3.13% $7,374
American Mortgage & Equity Consultants, Inc. 6 3.23% $4,279
Mr. Cooper ( Nationstar Mortgage ) 6 3.33% $4,836
Tradition Mortgage, LLC 6 2.85% $2,875
GUARANTEED RATE, INC. 6 3.10% $3,444
HOME POINT FINANCIAL CORPORATION 5 3.07% $5,233
Servion, Inc. 5 3.15% $3,270
THRIVENT Federal Credit Union 5 3.15% $3,189
CALIBER HOME LOANS, INC. 5 2.94% $4,312
LEADERONE FINANCIAL CORPORATION 5 3.12% $3,922
AFFINITY PLUS 5 2.88% $4,846
Mortgages Unlimited Inc. 3 3.33% $6,829
Barrington Bank & Trust Company, N.A. 3 3.17% $3,259
CMG MORTGAGE, INC. 3 3.04% $3,374
Colonial Savings, F.A. 3 3.17% $3,831
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.29% $4,357
Summit Mortgage Corporation 3 3.21% $4,329
First Bank & Trust 3 2.71% $5,732
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 3 3.17% $2,957
Waterstone Mortgage Corporation 3 3.33% $6,831
Frandsen Bank & Trust 3 2.92% $3,537
JPMorgan Chase Bank 3 3.29% $4,949
Liberty Bank Minnesota 3 2.83% $2,102
Think Mutual Bank 2 2.94% $5,497
CHURCHILL MORTGAGE CORPORATION 2 3.12% $2,740
ENVOY MORTGAGE, LTD 2 3.19% $3,341
EMM LOANS LLC 2 3.18% $7,173
Goldwater Bank, N.A. 2 3.13% $4,173
Deerwood Bank 2 3.06% $6,449
CROSSCOUNTRY MORTGAGE, LLC 2 3.06% $4,062
Heritage Bank 2 3.06% $3,921
HIWAY 2 3.06% $3,956
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 2.81% $5,542
CORTRUST MORTGAGE, INC. 2 2.81% $5,832
HOMESIDE FINANCIAL, LLC 2 3.13% $4,558
Bank Midwest 2 2.69% $3,736
HomeTown Bank 2 4.27% $3,696
InterContinental Capital Group, Inc 2 2.88% $4,810
COMPEER FINANCIAL, FLCA 2 4.06% $3,991
PROVIDENT FUNDING ASSOCIATES, L.P. 2 2.50% $3,921
Northview Bank 2 3.19% $5,884
KELLER MORTGAGE, LLC 2 3.31% $3,751
Lake Area Bank 2 3.38% $4,332
LAKEVIEW LOAN SERVICING, LLC 2 3.31% $5,702
BankVista 2 2.81% $3,386
Lend Smart Mortgage, LLC 2 3.50% $3,404
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.94% $4,763
Plains Commerce Bank 2 2.69% $3,870
First Guaranty Mortgage Corporation 2 2.88% $3,022
Paramount Residential Mortgage Group, Inc. 2 3.19% $6,799
TOWN AND COUNTRY Credit Union 2 2.56% $4,649
TOPLINE FEDERAL CREDIT UNION 2 2.69% $3,916
NEWREZ LLC 1 3.38% $2,502
American Bank of the North 1 2.88% $2,859
American Bank & Trust 1 3.13% $1,835
AMERICAN FINANCIAL NETWORK, INC. 1 3.50% $7,884
AMERICAN INTERNET MORTGAGE, INC. 1 2.63% $2,461
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.13% $4,391
AXIA FINANCIAL, LLC 1 2.88% $4,083
Bank of America 1 3.38% $2,104
Bank of England 1 3.50% $3,556
Bank of the West 1 2.63% $4,015
BAY EQUITY LLC 1 3.38% $3,890
BETTER MORTGAGE CORPORATION 1 2.88% $944
Cambria Financial Group, LLC 1 3.15% $4,260
Citibank 1 2.38% $8,976
Citizens Bank 1 2.88% $10,507
Citizens Bank Minnesota 1 2.88% $5,198
City National Bank 1 2.57% $4,382
FIRST COMMUNITY CREDIT UNION 1 2.99% $5,328
GUARANTY HOME MORTGAGE CORPORATION 1 2.75% $9,978
HOMESTEAD FUNDING CORP. 1 2.50% $2,991
IOWA BANKERS MORTGAGE CORPORATION 1 3.00% $4,375
JLB CORPORATION 1 3.38% $4,404
MEGASTAR FINANCIAL CORP. 1 2.88% $2,664
Morgan Stanley Private Bank 1 2.65% $3,851
NAVY FEDERAL CREDIT UNION 1 4.00% $10,316
ACADEMY MORTGAGE CORPORATION 1 3.00% $2,705
Old National Bank 1 3.13% $3,032
PHH Mortgage Corporation 1 2.75% $2,891
PLAZA HOME MORTGAGE, INC. 1 4.00% $4,869
PLUS RELOCATION MORTGAGE, LLC 1 3.25% $2,904
POLARIS HOME FUNDING CORP. 1 3.50% $4,608
PREMIA MORTGAGE, LLC 1 2.88% $2,743
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.13% $3,679
Renasant Bank 1 2.63% $3,381
RESULTS MORTGAGE, LLC 1 2.63% $3,458
Roundbank 1 2.50% $4,265
SIRVA MORTGAGE, INC. 1 2.75% $0
Stifel Bank and Trust 1 3.00% $2,431
Strong Home Mortgage, LLC 1 2.63% $5,214
The Federal Savings Bank 1 3.13% $7,081
The Huntington National Bank 1 2.63% $3,346
TIAA, FSB 1 2.99% $3,749
Triumph Bank 1 2.75% $2,155
UBS Bank USA 1 3.25% $3,819
Watermark Capital, Inc. 1 2.50% $4,909
WESTconsin Credit Union 1 3.00% $2,695
Wyndham Capital Mortgage, Inc. 1 2.75% $955
ZILLOW HOME LOANS, LLC 1 3.25% $3,037

Alexandria, MN's 122 lenders originated 1,853 loans during 2021. The total origination value was $453,295,000, with an average loan value of $244,628.

The top Alexandria lender as defined by loan originations is Bell Bank, with 86 loans originated. Their average total fees are $3,286, which is $344 lower than the next largest lender, First Western Bank & Trust.

The lowest fee Alexandria lenders (with over 10 loans originated) are U.S. Bank ($3,260), Bell Bank ($3,286), Wells Fargo Bank ($3,355), CENTRAL MINNESOTA Credit Union ($3,410) and First Western Bank & Trust ($3,630).

The lowest rate Alexandria lenders (with over 10 loans originated) are Gate City Bank (2.70%), First Western Bank & Trust (2.77%), Flagstar Bank, FSB (2.94%), UNITED WHOLESALE MORTGAGE, LLC (2.96%) and Merchants Bank (2.96%).

Alexandria, MN Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Bell Bank $51,525,000 $48,095,000 -6.7% 10.6%
Bremer Bank $68,305,000 $36,450,000 -46.6% 8.0%
First Western Bank & Trust $9,035,000 $31,785,000 251.8% 7.0%
QUICKEN LOANS, LLC $18,640,000 $25,620,000 37.4% 5.7%
Gate City Bank $19,740,000 $17,550,000 -11.1% 3.9%
Wells Fargo Bank $14,590,000 $15,160,000 3.9% 3.3%
UNITED WHOLESALE MORTGAGE, LLC $10,295,000 $13,985,000 35.8% 3.1%
CRESCENT MORTGAGE COMPANY $18,825,000 $13,205,000 -29.9% 2.9%
U.S. Bank $12,425,000 $13,185,000 6.1% 2.9%
American National Bank of Minnesota $4,945,000 $10,615,000 114.7% 2.3%
WINGS FINANCIAL $890,000 $9,455,000 962.4% 2.1%
Arbor Realty Trust, Inc. $9,205,000 n/a 2.0%
First Dakota National Bank $4,305,000 $8,805,000 104.5% 1.9%
PENNYMAC LOAN SERVICES, LLC $5,530,000 $8,115,000 46.7% 1.8%
CENTRAL MINNESOTA Credit Union $7,560,000 $7,155,000 -5.4% 1.6%
Truist Bank $6,540,000 $7,095,000 8.5% 1.6%
FREEDOM MORTGAGE CORPORATION $6,805,000 $6,545,000 -3.8% 1.4%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $6,525,000 n/a 1.4%
Merchants Bank $9,880,000 $6,455,000 -34.7% 1.4%
BROKER SOLUTIONS, INC. $7,650,000 $6,445,000 -15.8% 1.4%
Flagstar Bank, FSB $3,330,000 $5,930,000 78.1% 1.3%
First International Bank & Trust $265,000 $5,825,000 2,098.1% 1.3%
LOANDEPOT.COM, LLC $2,580,000 $4,850,000 88.0% 1.1%
Mortgage Research Center, LLC $2,600,000 $4,355,000 67.5% 1.0%
HOME POINT FINANCIAL CORPORATION $3,020,000 $3,715,000 23.0% 0.8%
AFFINITY PLUS $4,050,000 $3,545,000 -12.5% 0.8%
AMERISAVE MORTGAGE CORPORATION $690,000 $3,515,000 409.4% 0.8%
Prosperity Home Mortgage, LLC $960,000 $3,400,000 254.2% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $1,985,000 $2,990,000 50.6% 0.7%
First Resource Bank $2,960,000 n/a 0.7%
Alerus Financial $2,625,000 $2,930,000 11.6% 0.6%
Neighborhood National Bank $1,060,000 $2,930,000 176.4% 0.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,735,000 $2,850,000 64.3% 0.6%
Servion, Inc. $1,270,000 $2,570,000 102.4% 0.6%
CALIBER HOME LOANS, INC. $2,035,000 $2,475,000 21.6% 0.5%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,045,000 $2,400,000 129.7% 0.5%
Midwest Bank $1,405,000 $2,305,000 64.1% 0.5%
American Mortgage & Equity Consultants, Inc. $335,000 $2,175,000 549.3% 0.5%
GUARANTEED RATE, INC. $1,130,000 $2,145,000 89.8% 0.5%
PREMIER MORTGAGE RESOURCES, L.L.C. $2,310,000 $2,140,000 -7.4% 0.5%
HOMEOWNERS FINANCIAL GROUP USA, LLC $2,180,000 $2,020,000 -7.3% 0.4%
Tradition Mortgage, LLC $3,355,000 $2,005,000 -40.2% 0.4%
LEADERONE FINANCIAL CORPORATION $1,195,000 $1,960,000 64.0% 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,565,000 $1,920,000 22.7% 0.4%
First Guaranty Mortgage Corporation $1,820,000 n/a 0.4%
LAKEVIEW LOAN SERVICING, LLC $1,905,000 $1,780,000 -6.6% 0.4%
Liberty Bank Minnesota $2,475,000 $1,600,000 -35.4% 0.4%
THRIVENT Federal Credit Union $4,085,000 $1,600,000 -60.8% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $2,100,000 $1,440,000 -31.4% 0.3%
Mortgages Unlimited Inc. $805,000 $1,380,000 71.4% 0.3%
RiverWood Bank $600,000 $1,380,000 130.0% 0.3%
First Bank & Trust $900,000 $1,375,000 52.8% 0.3%
The Federal Savings Bank $945,000 $1,375,000 45.5% 0.3%
Plains Commerce Bank $1,430,000 $1,255,000 -12.2% 0.3%
HomeTown Bank $1,045,000 $1,245,000 19.1% 0.3%
JPMorgan Chase Bank $555,000 $1,220,000 119.8% 0.3%
Frandsen Bank & Trust $1,035,000 $1,210,000 16.9% 0.3%
SOUTHPOINT FINANCIAL $280,000 $1,210,000 332.1% 0.3%
NEW DAY FINANCIAL, LLC $145,000 $1,190,000 720.7% 0.3%
Colonial Savings, F.A. $470,000 $1,135,000 141.5% 0.3%
CHURCHILL MORTGAGE CORPORATION $380,000 $1,120,000 194.7% 0.2%
NAVY FEDERAL CREDIT UNION $1,565,000 $1,120,000 -28.4% 0.2%
PLAZA HOME MORTGAGE, INC. $2,120,000 $1,030,000 -51.4% 0.2%
CMG MORTGAGE, INC. $580,000 $1,020,000 75.9% 0.2%
Deerwood Bank $820,000 $995,000 21.3% 0.2%
Think Mutual Bank $185,000 $940,000 408.1% 0.2%
BETTER MORTGAGE CORPORATION $925,000 n/a 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,545,000 $915,000 -40.8% 0.2%
Waterstone Mortgage Corporation $755,000 $905,000 19.9% 0.2%
Old National Bank $1,125,000 $895,000 -20.4% 0.2%
Barrington Bank & Trust Company, N.A. $455,000 $885,000 94.5% 0.2%
Summit Mortgage Corporation $1,345,000 $875,000 -34.9% 0.2%
AMERICAN INTERNET MORTGAGE, INC. $195,000 $840,000 330.8% 0.2%
BankVista $1,880,000 $840,000 -55.3% 0.2%
Baxter Credit Union $1,105,000 $840,000 -24.0% 0.2%
GUARANTY HOME MORTGAGE CORPORATION $315,000 $810,000 157.1% 0.2%
BAY EQUITY LLC $550,000 $800,000 45.5% 0.2%
Foresight Bank $790,000 n/a 0.2%
Northview Bank $570,000 $790,000 38.6% 0.2%
Lend Smart Mortgage, LLC $895,000 $785,000 -12.3% 0.2%
Heritage Bank $2,290,000 $770,000 -66.4% 0.2%
Paramount Residential Mortgage Group, Inc. $760,000 $770,000 1.3% 0.2%
Citizens Bank Minnesota $460,000 $760,000 65.2% 0.2%
HIWAY $785,000 $760,000 -3.2% 0.2%
American Federal Bank $1,515,000 $755,000 -50.2% 0.2%
Charles Schwab Bank, SSB $755,000 n/a 0.2%
InterContinental Capital Group, Inc $125,000 $755,000 504.0% 0.2%
NEWREZ LLC $1,075,000 $740,000 -31.2% 0.2%
KS StateBank $1,065,000 $735,000 -31.0% 0.2%
Goldwater Bank, N.A. $175,000 $715,000 308.6% 0.2%
TOPLINE FEDERAL CREDIT UNION $305,000 $705,000 131.1% 0.2%
American Bank & Trust $700,000 n/a 0.2%
City National Bank $695,000 n/a 0.2%
COMPEER FINANCIAL, FLCA $940,000 $695,000 -26.1% 0.2%
Bank of the West $920,000 $690,000 -25.0% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $380,000 $640,000 68.4% 0.1%
ENVOY MORTGAGE, LTD $630,000 n/a 0.1%
Carrington Mortgage Services, LLC $885,000 $590,000 -33.3% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $430,000 $590,000 37.2% 0.1%
Cambria Financial Group, LLC $2,060,000 $585,000 -71.6% 0.1%
Wyndham Capital Mortgage, Inc. $375,000 $580,000 54.7% 0.1%
CORTRUST MORTGAGE, INC. $270,000 $570,000 111.1% 0.1%
TOWN AND COUNTRY Credit Union $560,000 n/a 0.1%
UBS Bank USA $555,000 n/a 0.1%
Unison Bank $660,000 $555,000 -15.9% 0.1%
Bank Midwest $550,000 n/a 0.1%
USAA Federal Savings Bank $1,710,000 $550,000 -67.8% 0.1%
SIRVA MORTGAGE, INC. $155,000 $545,000 251.6% 0.1%
Citizens Bank $535,000 n/a 0.1%
PHH Mortgage Corporation $175,000 $530,000 202.9% 0.1%
Morgan Stanley Private Bank $225,000 $515,000 128.9% 0.1%
AXIA FINANCIAL, LLC $500,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $490,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $265,000 $480,000 81.1% 0.1%
HOMESTEAD FUNDING CORP. $185,000 $475,000 156.8% 0.1%
Watermark Capital, Inc. $465,000 n/a 0.1%
AgCountry Farm Credit Services, FLCA $625,000 $455,000 -27.2% 0.1%
IOWA BANKERS MORTGAGE CORPORATION $845,000 $430,000 -49.1% 0.1%
HOMESIDE FINANCIAL, LLC $85,000 $410,000 382.4% 0.1%
KELLER MORTGAGE, LLC $410,000 n/a 0.1%
Lake Area Bank $780,000 $410,000 -47.4% 0.1%
AMERICAN FINANCING CORPORATION $545,000 $400,000 -26.6% 0.1%
Meridian Bank Corporation $395,000 n/a 0.1%
Renasant Bank $395,000 n/a 0.1%
MEGASTAR FINANCIAL CORP. $435,000 $380,000 -12.6% 0.1%
GUARANTEED RATE AFFINITY, LLC $560,000 $375,000 -33.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $375,000 $375,000 0.0% 0.1%
EMM LOANS LLC $185,000 $360,000 94.6% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $340,000 n/a 0.1%
IDEAL $335,000 n/a 0.1%
Minnwest Bank $335,000 n/a 0.1%
Strong Home Mortgage, LLC $265,000 $305,000 15.1% 0.1%
The Huntington National Bank $345,000 $305,000 -11.6% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $145,000 $305,000 110.3% 0.1%
Blackhawk Bank $285,000 n/a 0.1%
Citibank $175,000 $285,000 62.9% 0.1%
JLB CORPORATION $285,000 n/a 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $255,000 n/a 0.1%
Stifel Bank and Trust $235,000 $255,000 8.5% 0.1%
Roundbank $115,000 $250,000 117.4% 0.1%
MID AMERICA MORTGAGE, INC. $245,000 n/a 0.1%
Deere Employees Credit Union $105,000 $240,000 128.6% 0.1%
SOFI LENDING CORP. $115,000 $240,000 108.7% 0.1%
INTELLILOAN, INC. $235,000 n/a 0.1%
ACCELERATE MORTGAGE, LLC $225,000 n/a 0.0%
FIRST COMMUNITY CREDIT UNION $215,000 $225,000 4.7% 0.0%
MidWestOne Bank $450,000 $225,000 -50.0% 0.0%
PREMIA MORTGAGE, LLC $225,000 n/a 0.0%
VALLEY MORTGAGE, INC. $640,000 $215,000 -66.4% 0.0%
American Bank of the North $520,000 $205,000 -60.6% 0.0%
CHERRY CREEK MORTGAGE, LLC $245,000 $205,000 -16.3% 0.0%
Grand River Bank $205,000 n/a 0.0%
PNC Bank $640,000 $205,000 -68.0% 0.0%
RESULTS MORTGAGE, LLC $205,000 n/a 0.0%
TIAA, FSB $650,000 $205,000 -68.5% 0.0%
Chicago Mortgage Solutions LLC $195,000 n/a 0.0%
Sherburne State Bank $355,000 $195,000 -45.1% 0.0%
UNITED SECURITY FINANCIAL CORP $195,000 n/a 0.0%
STEARNS LENDING, LLC $400,000 $185,000 -53.8% 0.0%
ZILLOW HOME LOANS, LLC $185,000 n/a 0.0%
Bridgewater Bank $175,000 n/a 0.0%
PLUS RELOCATION MORTGAGE, LLC $175,000 n/a 0.0%
ST. CLOUD FINANCIAL $230,000 $175,000 -23.9% 0.0%
TRIAD FINANCIAL SERVICES, INC. $170,000 n/a 0.0%
Triumph Bank $165,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $695,000 $155,000 -77.7% 0.0%
TCF National Bank $840,000 $155,000 -81.5% 0.0%
Bank of America $280,000 $145,000 -48.2% 0.0%
POLARIS HOME FUNDING CORP. $145,000 n/a 0.0%
WESTconsin Credit Union $145,000 n/a 0.0%
Citizens Community Federal $125,000 n/a 0.0%
Great Southern Bank $125,000 n/a 0.0%
Discover Bank $125,000 $120,000 -4.0% 0.0%
ACADEMY MORTGAGE CORPORATION $165,000 $105,000 -36.4% 0.0%
BMO Harris Bank $105,000 n/a 0.0%
Great Western Bank $555,000 $105,000 -81.1% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $85,000 $95,000 11.8% 0.0%
Bank of England $785,000 $75,000 -90.4% 0.0%
GREAT RIVER FEDERAL CREDIT UNION $55,000 n/a 0.0%

Alexandria's top lender by overall market share is Bell Bank, with 10.6% market share. In second place, with 8.0%, is Bremer Bank, having originated $36,450,000 in loans. In third place, with 7.0%, is First Western Bank & Trust, having originated $31,785,000 in loans. In third place, with 5.7%, is QUICKEN LOANS, LLC, having originated $25,620,000 in loans. In third place, with 3.9%, is Gate City Bank, having originated $17,550,000 in loans.


Alexandria, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 699 $162,915,000 $233,069
Home Purchase 637 $181,915,000 $285,581
Cash Out Refi 367 $92,705,000 $252,602
Other 94 $11,160,000 $118,723
Home Improvement 56 $4,600,000 $82,143

Alexandria's most frequently cited loan purpose was Refi, with 699 originations. The 2nd most popular reason was Home Purchase, with 637 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 743 $182,685,000 $245,875
3-4% 512 $140,120,000 $273,672
<2.5% 408 $89,810,000 $220,123
4-5% 84 $8,470,000 $100,833
5-6% 8 $1,160,000 $145,000
6-7% 5 $285,000 $57,000
Over 8% 1 $35,000 $35,000

During 2021, Alexandria's most frequently originated rate bucket was 2.5-3%, with 743 originations.

Loan Sizing (Alexandria, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 736 $201,500,000 $273,777
$100k-200k 675 $102,565,000 $151,948
$100,000 or less 262 $16,270,000 $62,099
$400k-600k 142 $68,580,000 $482,958
$600k-1000k 28 $20,690,000 $738,929
$Over $1MM 10 $43,690,000 $4,369,000

Alexandria's loan sizing saw the bucket of loans from $200k-400k with 736 originations, totaling $201,500,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 651 $186,535,000 $286,536
80-100% 488 $138,270,000 $283,340
40-60% 290 $60,830,000 $209,759
20-40% 166 $20,070,000 $120,904
Under 20% 113 $5,575,000 $49,336
Over 100% 10 $2,810,000 $281,000

Alexandria's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 651 originations, totaling $186,535,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Alexandria (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 $249,900 (11.3%) $291,776 (6.3%) 0.00 231
2018-02-01 $253,500 (7.9%) $294,657 (3.0%) 0.00 229
2018-03-01 $264,900 (6.0%) $311,983 (4.8%) 0.00 239
2018-04-01 $269,000 (7.6%) $315,210 (5.5%) 0.00 255
2018-05-01 $273,850 (9.6%) $329,108 (9.9%) 0.00 305
2018-06-01 $269,000 (7.6%) $324,587 (8.4%) 0.00 331
2018-07-01 $259,950 (1.2%) $321,412 (0.5%) 0.00 350
2018-08-01 $269,700 (3.8%) $323,998 (-0.3%) 0.00 370
2018-09-01 $274,900 (7.6%) $322,732 (-0.4%) 0.00 388
2018-10-01 $277,450 (11.0%) $321,828 (5.9%) 0.00 343
2018-11-01 $279,450 (10.7%) $321,851 (6.3%) 0.00 293
2018-12-01 $279,900 (12.0%) $333,992 (12.9%) 0.00 240
2019-01-01 $279,000 (11.6%) $313,638 (7.5%) 0.00 203
2019-02-01 $279,450 (10.2%) $317,353 (7.7%) 0.00 195
2019-03-01 $283,757 (7.1%) $323,714 (3.8%) 0.00 216
2019-04-01 $288,950 (7.4%) $331,420 (5.1%) 0.00 251
2019-05-01 $283,600 (3.6%) $319,639 (-2.9%) 0.00 302
2019-06-01 $275,000 (2.2%) $318,454 (-1.9%) 0.00 312
2019-07-01 $277,450 (6.7%) $320,233 (-0.4%) 0.00 296
2019-08-01 $282,086 (4.6%) $321,547 (-0.8%) 0.00 297
2019-09-01 $286,950 (4.4%) $325,078 (0.7%) 0.00 293
2019-10-01 $285,250 (2.8%) $322,972 (0.4%) 0.00 277
2019-11-01 $294,900 (5.5%) $326,524 (1.5%) 0.00 245
2019-12-01 $287,200 (2.6%) $322,425 (-3.5%) 0.00 218
2020-01-01 $285,250 (2.2%) $313,464 (-0.1%) 0.00 168
2020-02-01 $288,900 (3.4%) $319,217 (0.6%) 0.00 166
2020-03-01 $299,900 (5.7%) $330,466 (2.1%) 0.00 175
2020-04-01 $299,900 (3.8%) $339,718 (2.5%) 0.00 175
2020-05-01 $299,900 (5.8%) $347,443 (8.7%) 0.00 191
2020-06-01 $299,950 (9.1%) $343,878 (8.0%) 0.00 185
2020-07-01 $322,400 (16.2%) $344,392 (7.5%) 0.00 171
2020-08-01 $320,000 (13.4%) $355,525 (10.6%) 0.00 170
2020-09-01 $319,950 (11.5%) $354,696 (9.1%) 0.00 154
2020-10-01 $315,000 (10.4%) $370,589 (14.7%) 0.00 140
2020-11-01 $298,700 (1.3%) $347,483 (6.4%) 0.00 105
2020-12-01 $299,900 (4.4%) $371,041 (15.1%) 0.00 77
2021-01-01 $299,900 (5.1%) $355,428 (13.4%) 0.00 59
2021-02-01 $288,950 (0.0%) $350,341 (9.8%) 0.00 62
2021-03-01 $289,450 (-3.5%) $347,341 (5.1%) 0.00 50
2021-04-01 $291,950 (-2.7%) $387,847 (14.2%) 0.00 54
2021-05-01 $299,900 (0.0%) $373,409 (7.5%) 0.00 64
2021-06-01 $297,450 (-0.8%) $363,117 (5.6%) 0.00 83
2021-07-01 $296,450 (-8.1%) $361,277 (4.9%) 0.00 91
2021-08-01 $305,000 (-4.7%) $373,417 (5.0%) 0.00 103
2021-09-01 $304,950 (-4.7%) $364,585 (2.8%) 0.00 109
2021-10-01 $299,900 (-4.8%) $372,664 (0.6%) 0.00 88
2021-11-01 $299,000 (0.1%) $384,243 (10.6%) 0.00 64
2021-12-01 $264,500 (-11.8%) $354,688 (-4.4%) 0.00 50
2022-01-01 $245,000 (-18.3%) $362,126 (1.9%) 0.00 43
2022-02-01 $254,950 (-11.8%) $376,531 (7.5%) 0.00 37
2022-03-01 $289,450 (0.0%) $365,383 (5.2%) 0.00 45
2022-04-01 $299,900 (2.7%) $442,589 (14.1%) 0.00 52
2022-05-01 $319,950 (6.7%) $447,993 (20.0%) 0.00 64
Alexandria's median listing price for 2022-05-01 was $319,950, a difference of $20,050 (6.7%) versus the prior year and $20,050 versus the prior month.

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

Alexandria's average listing price for 2022-05-01 was $447,993, a difference of $74,584 (20.0%) versus the prior year and $5,404 versus the prior month.

For the 2022-05-01 period, Alexandria had 64 MLS listings, a difference of 12 listings (23%) versus the prior month and 0 listings (0%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Alexandria (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,989 sqft
2018-02-01 0 days 2,066 sqft
2018-03-01 0 days 2,091 sqft
2018-04-01 0 days 2,091 sqft
2018-05-01 0 days 2,013 sqft
2018-06-01 0 days 1,896 sqft
2018-07-01 0 days 1,902 sqft
2018-08-01 0 days 1,945 sqft
2018-09-01 0 days 1,968 sqft
2018-10-01 0 days 1,991 sqft
2018-11-01 0 days 1,923 sqft
2018-12-01 0 days 2,001 sqft
2019-01-01 0 days 1,968 sqft
2019-02-01 0 days 1,972 sqft
2019-03-01 0 days 1,969 sqft
2019-04-01 0 days 1,958 sqft
2019-05-01 0 days 1,887 sqft
2019-06-01 0 days 1,824 sqft
2019-07-01 0 days 1,871 sqft
2019-08-01 0 days 1,891 sqft
2019-09-01 0 days 1,951 sqft
2019-10-01 0 days 1,996 sqft
2019-11-01 0 days 1,945 sqft
2019-12-01 0 days 1,933 sqft
2020-01-01 0 days 1,845 sqft
2020-02-01 0 days 1,860 sqft
2020-03-01 0 days 1,881 sqft
2020-04-01 0 days 1,896 sqft
2020-05-01 0 days 2,016 sqft
2020-06-01 0 days 2,025 sqft
2020-07-01 0 days 2,061 sqft
2020-08-01 0 days 2,173 sqft
2020-09-01 0 days 2,302 sqft
2020-10-01 0 days 2,331 sqft
2020-11-01 0 days 2,021 sqft
2020-12-01 0 days 1,978 sqft
2021-01-01 0 days 1,794 sqft
2021-02-01 0 days 1,820 sqft
2021-03-01 0 days 1,866 sqft
2021-04-01 0 days 2,058 sqft
2021-05-01 0 days 1,834 sqft
2021-06-01 0 days 1,903 sqft
2021-07-01 0 days 2,059 sqft
2021-08-01 0 days 1,972 sqft
2021-09-01 0 days 1,921 sqft
2021-10-01 0 days 1,886 sqft
2021-11-01 0 days 1,951 sqft
2021-12-01 0 days 1,785 sqft
2022-01-01 0 days 1,886 sqft
2022-02-01 0 days 2,197 sqft
2022-03-01 0 days 2,139 sqft
2022-04-01 0 days 2,080 sqft
2022-05-01 0 days 1,684 sqft
Alexandria's median listing age (time on market) for 2022-05-01 was 0 days.

Alexandria's median square footage for active listings during the 2022-05-01 period was 1,684 sqft. One year prior, the average listing was 1,834 sqft.