Bemidji Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bemidji averaged
5.88%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.14% and
one month ago for the week of 2024-08-29, the
average rate was 6.11%.
Bemidji's average rate one year ago was 7.37%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Bemidji 30 Year Fixed Rate | 2024-10-03 | 5.88% |
Bemidji 30 Year Fixed Rate Refi | 2024-10-03 | 6.22% |
Bemidji 15 Year Fixed Rate | 2024-10-03 | 5.25% |
Bemidji 15 Year Fixed Rate Refi | 2024-10-03 | 5.35% |
Bemidji 30 Year FHA | 2024-10-03 | 5.69% |
Bemidji 30 Year FHA Refi | 2024-10-03 | 5.79% |
Bemidji 30 Year USDA | 2024-10-03 | 5.87% |
Bemidji 30 Year USDA Refi | 2024-10-03 | 6.17% |
Bemidji 30 Year VA | 2024-10-03 | 5.4% |
Bemidji 30 Year VA Refi | 2024-10-03 | 5.5% |
Bemidji 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 Bemidji, 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.).
Bemidji Average Closing Costs & Other Stats
Bemidji, MN's 59 lenders originated 531
loans during 2023. The total origination value was $97,385,000, with an average loan value of
$183,399.
Bemidji's average closing costs are $4,724.
The top Bemidji lender as defined by loan originations is AFFINITY PLUS, with
17 loans originated. Their average total fees are
$4,280, which is $2,621
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Bemidji lenders (with over 10 loans originated) are
AFFINITY PLUS ($4,280), Bank Forward ($4,611), Deerwood Bank ($5,132), RiverWood Bank ($5,627) and QUICKEN LOANS, LLC ($6,901).
The lowest rate Bemidji lenders (with over 10 loans originated) are
AFFINITY PLUS (6.37%), Bank Forward (6.50%), Deerwood Bank (6.58%), RiverWood Bank (6.74%) and QUICKEN LOANS, LLC (7.01%).
Bemidji, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
AFFINITY PLUS | $15,875,000 | $9,945,000 | -37.4% | 10.2% |
Deerwood Bank | $8,420,000 | $9,090,000 | 8.0% | 9.3% |
Bank Forward | $7,675,000 | $6,485,000 | -15.5% | 6.7% |
RiverWood Bank | $8,345,000 | $6,390,000 | -23.4% | 6.6% |
QUICKEN LOANS, LLC | $5,405,000 | $5,365,000 | -0.7% | 5.5% |
UNITED WHOLESALE MORTGAGE, LLC | $8,380,000 | $3,980,000 | -52.5% | 4.1% |
Wells Fargo Bank | $7,715,000 | $2,935,000 | -62.0% | 3.0% |
Mortgage Research Center, LLC | $2,390,000 | $2,610,000 | 9.2% | 2.7% |
MEMBERS COOPERATIVE | $290,000 | $2,270,000 | 682.8% | 2.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,610,000 | $2,145,000 | 33.2% | 2.2% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $645,000 | $2,075,000 | 221.7% | 2.1% |
USAA Federal Savings Bank | $1,150,000 | $1,765,000 | 53.5% | 1.8% |
Bell Bank | $660,000 | $1,695,000 | 156.8% | 1.7% |
Servion, Inc. | $1,155,000 | $1,490,000 | 29.0% | 1.5% |
The Huntington National Bank | $1,715,000 | $1,480,000 | -13.7% | 1.5% |
HIWAY | $350,000 | $1,270,000 | 262.9% | 1.3% |
Frandsen Bank & Trust | $135,000 | $1,195,000 | 785.2% | 1.2% |
Woodlands National Bank | $875,000 | $1,165,000 | 33.1% | 1.2% |
CROSSCOUNTRY MORTGAGE, LLC | $725,000 | $1,065,000 | 46.9% | 1.1% |
American Mortgage & Equity Consultants, Inc. | $920,000 | n/a | 0.9% | |
Choice Financial Group | $870,000 | n/a | 0.9% | |
American Federal Bank | $530,000 | $865,000 | 63.2% | 0.9% |
U.S. Bank | $3,655,000 | $810,000 | -77.8% | 0.8% |
Gate City Bank | $1,365,000 | $795,000 | -41.8% | 0.8% |
LOANDEPOT.COM, LLC | $1,500,000 | $795,000 | -47.0% | 0.8% |
CARDINAL FINANCIAL | $315,000 | $790,000 | 150.8% | 0.8% |
Nations Lending Corporation | $185,000 | $790,000 | 327.0% | 0.8% |
PENNYMAC LOAN SERVICES, LLC | $785,000 | n/a | 0.8% | |
Alerus Financial | $635,000 | $775,000 | 22.0% | 0.8% |
Bremer Bank | $1,260,000 | $775,000 | -38.5% | 0.8% |
Sunrise Banks | $775,000 | n/a | 0.8% | |
VALLEY MORTGAGE, INC. | $185,000 | $665,000 | 259.5% | 0.7% |
United Valley Bank | $650,000 | n/a | 0.7% | |
MID AMERICA MORTGAGE, INC. | $585,000 | n/a | 0.6% | |
Plains Commerce Bank | $65,000 | $470,000 | 623.1% | 0.5% |
PLAZA HOME MORTGAGE, INC. | $145,000 | $460,000 | 217.2% | 0.5% |
WINGS FINANCIAL | $410,000 | $435,000 | 6.1% | 0.4% |
JPMorgan Chase Bank | $165,000 | $420,000 | 154.5% | 0.4% |
MOVEMENT MORTGAGE, LLC | $415,000 | n/a | 0.4% | |
Flagstar Bank, FSB | $1,690,000 | $410,000 | -75.7% | 0.4% |
NBKC BANK | $405,000 | n/a | 0.4% | |
VILLAGE CAPITAL MORTGAGE | $400,000 | n/a | 0.4% | |
GUARANTEED RATE, INC. | $115,000 | $380,000 | 230.4% | 0.4% |
Liberty Bank Minnesota | $370,000 | n/a | 0.4% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $355,000 | n/a | 0.4% | |
GUILD MORTGAGE COMPANY | $285,000 | $355,000 | 24.6% | 0.4% |
Lend Smart Mortgage, LLC | $2,450,000 | $350,000 | -85.7% | 0.4% |
MORTGAGE ACCESS CORP. | $345,000 | n/a | 0.4% | |
MANN FINANCIAL INC. | $310,000 | $340,000 | 9.7% | 0.3% |
ZILLOW HOME LOANS, LLC | $340,000 | n/a | 0.3% | |
Old National Bank | $335,000 | n/a | 0.3% | |
First Western Bank & Trust | $325,000 | n/a | 0.3% | |
NexBank | $325,000 | n/a | 0.3% | |
FREEDOM MORTGAGE CORPORATION | $115,000 | $320,000 | 178.3% | 0.3% |
Western State Bank | $315,000 | n/a | 0.3% | |
Union State Bank of Fargo | $240,000 | $310,000 | 29.2% | 0.3% |
Mid-Continent Funding, Inc. | $295,000 | n/a | 0.3% | |
GUARANTEED RATE AFFINITY, LLC | $285,000 | n/a | 0.3% | |
Tradition Mortgage, LLC | $495,000 | $275,000 | -44.4% | 0.3% |
Dacotah Bank | $265,000 | n/a | 0.3% | |
Reliabank Dakota | $255,000 | n/a | 0.3% | |
Northview Bank | $530,000 | $245,000 | -53.8% | 0.3% |
Paramount Residential Mortgage Group, Inc. | $125,000 | $245,000 | 96.0% | 0.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,095,000 | $245,000 | -77.6% | 0.3% |
EVERETT FINANCIAL, INC. | $165,000 | $225,000 | 36.4% | 0.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $355,000 | $225,000 | -36.6% | 0.2% |
First International Bank & Trust | $55,000 | $215,000 | 290.9% | 0.2% |
PLANET HOME LENDING, LLC | $215,000 | n/a | 0.2% | |
First State Bank of Wyoming | $205,000 | n/a | 0.2% | |
LIBERTY HOME MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
Midwest Bank | $25,000 | $200,000 | 700.0% | 0.2% |
PNC Bank | $105,000 | $200,000 | 90.5% | 0.2% |
BROKER SOLUTIONS, INC. | $1,185,000 | $195,000 | -83.5% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $115,000 | $185,000 | 60.9% | 0.2% |
Prosperity Home Mortgage, LLC | $245,000 | $180,000 | -26.5% | 0.2% |
Harbor Pointe Credit Union | $175,000 | n/a | 0.2% | |
NEW DAY FINANCIAL, LLC | $195,000 | $175,000 | -10.3% | 0.2% |
Sentry Bank | $165,000 | $175,000 | 6.1% | 0.2% |
TOP FLITE FINANCIAL, INC. | $175,000 | n/a | 0.2% | |
Bank Midwest | $175,000 | $165,000 | -5.7% | 0.2% |
Barrington Bank & Trust Company, N.A. | $335,000 | $165,000 | -50.7% | 0.2% |
Regent Financial Group, Inc. | $155,000 | n/a | 0.2% | |
TOPLINE FEDERAL CREDIT UNION | $265,000 | $155,000 | -41.5% | 0.2% |
American Bank Center | $145,000 | n/a | 0.1% | |
CRESCENT MORTGAGE COMPANY | $1,440,000 | $145,000 | -89.9% | 0.1% |
North Shore Bank of Commerce | $145,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $145,000 | n/a | 0.1% | |
Ally Bank | $125,000 | $135,000 | 8.0% | 0.1% |
NAVY FEDERAL CREDIT UNION | $775,000 | $120,000 | -84.5% | 0.1% |
Associated Bank | $260,000 | $115,000 | -55.8% | 0.1% |
Sherburne State Bank | $285,000 | $115,000 | -59.6% | 0.1% |
UNION HOME MORTGAGE CORP. | $205,000 | $105,000 | -48.8% | 0.1% |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $95,000 | n/a | 0.1% | |
METRO CU | $95,000 | n/a | 0.1% | |
Citizens Bank Minnesota | $125,000 | $85,000 | -32.0% | 0.1% |
AMERISAVE MORTGAGE CORPORATION | $1,135,000 | $75,000 | -93.4% | 0.1% |
Northpointe Bank | $65,000 | n/a | 0.1% | |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $295,000 | $65,000 | -78.0% | 0.1% |
First State Bank | $55,000 | n/a | 0.1% | |
Discover Bank | $90,000 | $35,000 | -61.1% | 0.0% |
Bemidji's top lender by overall market share is AFFINITY PLUS, with 10.2% market share. In second place, with 9.3%, is Deerwood Bank, having originated $9,090,000 in loans. In third place, with 6.7%, is Bank Forward, having originated $6,485,000 in loans. In fourth place, with 6.6%, is RiverWood Bank, having originated $6,390,000 in loans. In fifth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $5,365,000 in loans.
Bemidji Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Bemidji (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 | $212,400 (0.1%) | $236,309 (-3.8%) | 0.00 | 190 |
2018-02-01 | $219,900 (1.2%) | $246,903 (0.3%) | 0.00 | 187 |
2018-03-01 | $239,800 (1.7%) | $263,924 (3.5%) | 0.00 | 184 |
2018-04-01 | $245,350 (7.3%) | $276,988 (10.6%) | 0.00 | 197 |
2018-05-01 | $243,475 (1.8%) | $280,704 (10.1%) | 0.00 | 216 |
2018-06-01 | $239,850 (0.0%) | $276,597 (9.0%) | 0.00 | 254 |
2018-07-01 | $234,875 (-2.1%) | $270,111 (5.0%) | 0.00 | 279 |
2018-08-01 | $229,450 (-2.1%) | $264,900 (3.9%) | 0.00 | 267 |
2018-09-01 | $207,450 (-8.0%) | $257,247 (2.2%) | 0.00 | 243 |
2018-10-01 | $202,100 (-8.8%) | $254,509 (5.3%) | 0.00 | 228 |
2018-11-01 | $191,825 (-12.0%) | $248,025 (2.1%) | 0.00 | 217 |
2018-12-01 | $189,900 (-8.9%) | $245,631 (4.0%) | 0.00 | 186 |
2019-01-01 | $195,125 (-8.1%) | $250,213 (5.9%) | 0.00 | 156 |
2019-02-01 | $200,725 (-8.7%) | $255,047 (3.3%) | 0.00 | 156 |
2019-03-01 | $210,786 (-12.1%) | $261,299 (-1.0%) | 0.00 | 164 |
2019-04-01 | $224,011 (-8.7%) | $269,841 (-2.6%) | 0.00 | 174 |
2019-05-01 | $224,900 (-7.6%) | $261,757 (-6.8%) | 0.00 | 195 |
2019-06-01 | $224,963 (-6.2%) | $264,964 (-4.2%) | 0.00 | 206 |
2019-07-01 | $225,200 (-4.1%) | $268,553 (-0.6%) | 0.00 | 223 |
2019-08-01 | $224,936 (-2.0%) | $262,154 (-1.0%) | 0.00 | 216 |
2019-09-01 | $224,916 (8.4%) | $259,801 (1.0%) | 0.00 | 207 |
2019-10-01 | $224,900 (11.3%) | $257,534 (1.2%) | 0.00 | 198 |
2019-11-01 | $225,900 (17.8%) | $262,733 (5.9%) | 0.00 | 177 |
2019-12-01 | $225,900 (19.0%) | $258,917 (5.4%) | 0.00 | 156 |
2020-01-01 | $225,900 (15.8%) | $258,847 (3.5%) | 0.00 | 130 |
2020-02-01 | $225,900 (12.5%) | $263,226 (3.2%) | 0.00 | 132 |
2020-03-01 | $225,900 (7.2%) | $268,028 (2.6%) | 0.00 | 150 |
2020-04-01 | $229,675 (2.5%) | $284,753 (5.5%) | 0.00 | 153 |
2020-05-01 | $229,900 (2.2%) | $285,826 (9.2%) | 0.00 | 154 |
2020-06-01 | $242,825 (7.9%) | $295,446 (11.5%) | 0.00 | 146 |
2020-07-01 | $245,900 (9.2%) | $293,829 (9.4%) | 0.00 | 133 |
2020-08-01 | $239,400 (6.4%) | $291,166 (11.1%) | 0.00 | 125 |
2020-09-01 | $239,400 (6.4%) | $288,102 (10.9%) | 0.00 | 119 |
2020-10-01 | $215,000 (-4.4%) | $266,740 (3.6%) | 0.00 | 111 |
2020-11-01 | $211,150 (-6.5%) | $261,372 (-0.5%) | 0.00 | 93 |
2020-12-01 | $215,000 (-4.8%) | $279,893 (8.1%) | 0.00 | 82 |
2021-01-01 | $228,800 (1.3%) | $312,986 (20.9%) | 0.00 | 63 |
2021-02-01 | $253,200 (12.1%) | $353,935 (34.5%) | 0.00 | 47 |
2021-03-01 | $278,650 (23.4%) | $400,965 (49.6%) | 0.00 | 45 |
2021-04-01 | $274,900 (19.7%) | $398,868 (40.1%) | 0.00 | 57 |
2021-05-01 | $266,375 (15.9%) | $364,563 (27.6%) | 0.00 | 90 |
2021-06-01 | $264,163 (8.8%) | $321,543 (8.8%) | 0.00 | 119 |
2021-07-01 | $269,900 (9.8%) | $321,340 (9.4%) | 0.00 | 118 |
2021-08-01 | $288,225 (20.4%) | $324,898 (11.6%) | 0.00 | 127 |
2021-09-01 | $282,175 (17.9%) | $329,608 (14.4%) | 0.00 | 122 |
2021-10-01 | $274,477 (27.7%) | $330,205 (23.8%) | 0.00 | 112 |
2021-11-01 | $267,375 (26.6%) | $318,946 (22.0%) | 0.00 | 92 |
2021-12-01 | $285,000 (32.6%) | $317,446 (13.4%) | 0.00 | 73 |
2022-01-01 | $279,900 (22.3%) | $320,274 (2.3%) | 0.00 | 66 |
2022-02-01 | $282,975 (11.8%) | $332,273 (-6.1%) | 0.00 | 51 |
2022-03-01 | $278,200 (-0.2%) | $316,389 (-21.1%) | 0.00 | 61 |
2022-04-01 | $279,900 (1.8%) | $318,044 (-20.3%) | 0.00 | 66 |
2022-05-01 | $297,175 (11.6%) | $367,802 (0.9%) | 0.00 | 80 |
2022-06-01 | $299,450 (13.4%) | $372,056 (15.7%) | 0.00 | 87 |
2022-07-01 | $284,450 (5.4%) | $352,596 (9.7%) | 0.00 | 104 |
2022-08-01 | $300,700 (4.3%) | $359,557 (10.7%) | 0.00 | 115 |
2022-09-01 | $309,000 (9.5%) | $360,020 (9.2%) | 0.00 | 115 |
2022-10-01 | $314,100 (14.4%) | $393,413 (19.1%) | 0.00 | 103 |
2022-11-01 | $317,000 (18.6%) | $375,407 (17.7%) | 0.00 | 94 |
2022-12-01 | $330,000 (15.8%) | $374,094 (17.8%) | 0.00 | 81 |
2023-01-01 | $342,450 (22.4%) | $388,943 (21.4%) | 0.00 | 63 |
2023-02-01 | $349,900 (23.7%) | $401,056 (20.7%) | 0.00 | 62 |
2023-03-01 | $353,450 (27.1%) | $410,059 (29.6%) | 0.00 | 60 |
2023-04-01 | $340,000 (21.5%) | $387,538 (21.9%) | 0.00 | 67 |
2023-05-01 | $344,003 (15.8%) | $401,620 (9.2%) | 0.00 | 84 |
2023-06-01 | $349,900 (16.9%) | $397,990 (7.0%) | 0.00 | 103 |
2023-07-01 | $348,000 (22.3%) | $385,388 (9.3%) | 0.00 | 116 |
2023-08-01 | $342,050 (13.8%) | $398,865 (10.9%) | 0.00 | 132 |
2023-09-01 | $346,500 (12.1%) | $398,059 (10.6%) | 0.00 | 133 |
2023-10-01 | $346,550 (10.3%) | $393,970 (0.1%) | 0.00 | 124 |
2023-11-01 | $338,725 (6.9%) | $395,887 (5.5%) | 0.00 | 115 |
2023-12-01 | $340,500 (3.2%) | $392,330 (4.9%) | 0.00 | 97 |
2024-01-01 | $347,250 (1.4%) | $400,592 (3.0%) | 0.00 | 89 |
2024-02-01 | $347,075 (-0.8%) | $401,930 (0.2%) | 0.00 | 85 |
2024-03-01 | $349,900 (-1.0%) | $412,851 (0.7%) | 0.00 | 77 |
2024-04-01 | $352,725 (3.7%) | $402,007 (3.7%) | 0.00 | 97 |
2024-05-01 | $348,950 (1.4%) | $385,837 (-3.9%) | 0.00 | 123 |
2024-06-01 | $349,900 (0.0%) | $395,113 (-0.7%) | 0.00 | 130 |
2024-07-01 | $349,900 (0.6%) | $407,455 (5.7%) | 0.00 | 142 |
2024-08-01 | $369,900 (8.1%) | $421,305 (5.6%) | 0.00 | 155 |
2024-09-01 | $375,000 (8.2%) | $426,441 (7.1%) | 0.00 | 152 |
Bemidji's median listing price comes in at 0% of the national average.
Bemidji's average listing price for 2024-09-01 was $426,441, a difference of $28,382 (7.1%) versus the prior year and $5,136 versus the prior month.
For the 2024-09-01 period, Bemidji had 152 MLS listings, a difference of -3 listings (-2%) versus the prior month and 19 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bemidji (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,605 sqft |
2018-02-01 | 0 days | 1,626 sqft |
2018-03-01 | 0 days | 1,698 sqft |
2018-04-01 | 0 days | 1,910 sqft |
2018-05-01 | 0 days | 1,844 sqft |
2018-06-01 | 0 days | 1,872 sqft |
2018-07-01 | 0 days | 1,808 sqft |
2018-08-01 | 0 days | 1,796 sqft |
2018-09-01 | 0 days | 1,920 sqft |
2018-10-01 | 0 days | 1,850 sqft |
2018-11-01 | 0 days | 1,795 sqft |
2018-12-01 | 0 days | 1,785 sqft |
2019-01-01 | 0 days | 1,730 sqft |
2019-02-01 | 0 days | 1,767 sqft |
2019-03-01 | 0 days | 1,777 sqft |
2019-04-01 | 0 days | 1,776 sqft |
2019-05-01 | 0 days | 1,801 sqft |
2019-06-01 | 0 days | 1,901 sqft |
2019-07-01 | 0 days | 1,957 sqft |
2019-08-01 | 0 days | 1,986 sqft |
2019-09-01 | 0 days | 2,046 sqft |
2019-10-01 | 0 days | 2,071 sqft |
2019-11-01 | 0 days | 2,048 sqft |
2019-12-01 | 0 days | 1,961 sqft |
2020-01-01 | 0 days | 1,986 sqft |
2020-02-01 | 0 days | 1,980 sqft |
2020-03-01 | 0 days | 1,885 sqft |
2020-04-01 | 0 days | 1,976 sqft |
2020-05-01 | 0 days | 1,884 sqft |
2020-06-01 | 0 days | 1,950 sqft |
2020-07-01 | 0 days | 2,089 sqft |
2020-08-01 | 0 days | 2,181 sqft |
2020-09-01 | 0 days | 2,102 sqft |
2020-10-01 | 0 days | 2,016 sqft |
2020-11-01 | 0 days | 1,924 sqft |
2020-12-01 | 0 days | 2,103 sqft |
2021-01-01 | 0 days | 2,154 sqft |
2021-02-01 | 0 days | 2,061 sqft |
2021-03-01 | 0 days | 2,143 sqft |
2021-04-01 | 0 days | 2,333 sqft |
2021-05-01 | 0 days | 1,522 sqft |
2021-06-01 | 0 days | 1,749 sqft |
2021-07-01 | 0 days | 1,744 sqft |
2021-08-01 | 0 days | 1,822 sqft |
2021-09-01 | 0 days | 1,880 sqft |
2021-10-01 | 0 days | 1,772 sqft |
2021-11-01 | 0 days | 1,489 sqft |
2021-12-01 | 0 days | 1,568 sqft |
2022-01-01 | 0 days | 1,568 sqft |
2022-02-01 | 0 days | 1,293 sqft |
2022-03-01 | 0 days | 1,508 sqft |
2022-04-01 | 0 days | 1,591 sqft |
2022-05-01 | 0 days | 1,807 sqft |
2022-06-01 | 0 days | 1,770 sqft |
2022-07-01 | 0 days | 1,560 sqft |
2022-08-01 | 0 days | 1,681 sqft |
2022-09-01 | 0 days | 1,779 sqft |
2022-10-01 | 0 days | 1,904 sqft |
2022-11-01 | 0 days | 1,894 sqft |
2022-12-01 | 0 days | 1,872 sqft |
2023-01-01 | 0 days | 1,896 sqft |
2023-02-01 | 0 days | 1,856 sqft |
2023-03-01 | 0 days | 1,880 sqft |
2023-04-01 | 0 days | 1,745 sqft |
2023-05-01 | 0 days | 1,768 sqft |
2023-06-01 | 0 days | 1,834 sqft |
2023-07-01 | 0 days | 1,798 sqft |
2023-08-01 | 0 days | 1,950 sqft |
2023-09-01 | 0 days | 1,910 sqft |
2023-10-01 | 0 days | 1,940 sqft |
2023-11-01 | 0 days | 1,813 sqft |
2023-12-01 | 0 days | 1,840 sqft |
2024-01-01 | 0 days | 1,841 sqft |
2024-02-01 | 0 days | 1,793 sqft |
2024-03-01 | 0 days | 1,793 sqft |
2024-04-01 | 0 days | 1,766 sqft |
2024-05-01 | 0 days | 1,705 sqft |
2024-06-01 | 0 days | 1,749 sqft |
2024-07-01 | 0 days | 1,836 sqft |
2024-08-01 | 0 days | 1,738 sqft |
2024-09-01 | 0 days | 1,739 sqft |
Bemidji's median square footage for active listings during the 2024-09-01 period was 1,739 sqft. One year prior, the average listing was 1,910 sqft.
Bemidji, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 312 | $76,190,000 | $244,199 |
Home Improvement | 74 | $4,260,000 | $57,568 |
Other | 62 | $3,630,000 | $58,548 |
Refi | 47 | $6,715,000 | $142,872 |
Cash Out Refi | 36 | $6,590,000 | $183,056 |
Bemidji's most frequently cited loan purpose was Home Purchase, with 312 originations. The 2nd most popular reason was Home Improvement, with 74 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 211 | $40,345,000 | $191,209 |
7-8% | 145 | $25,095,000 | $173,069 |
5-6% | 80 | $13,260,000 | $165,750 |
Over 8% | 45 | $5,205,000 | $115,667 |
4-5% | 12 | $3,160,000 | $263,333 |
<2.5% | 7 | $105,000 | $15,000 |
2.5-3% | 1 | $35,000 | $35,000 |
During 2023, Bemidji's most frequently originated rate bucket was 6-7%, with 211 originations.
Loan Sizing (Bemidji, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 186 | $9,550,000 | $51,344 |
$100k-200k | 160 | $24,590,000 | $153,688 |
$200k-400k | 156 | $43,150,000 | $276,603 |
$400k-600k | 22 | $10,470,000 | $475,909 |
$600k-1000k | 5 | $3,785,000 | $757,000 |
$Over $1MM | 2 | $5,840,000 | $2,920,000 |
Bemidji's loan sizing saw the bucket of loans from $100,000 or less with 186 originations, totaling $9,550,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 196 | $47,130,000 | $240,459 |
Under 20% | 108 | $4,450,000 | $41,204 |
60-80% | 92 | $22,780,000 | $247,609 |
20-40% | 72 | $7,130,000 | $99,028 |
40-60% | 31 | $4,735,000 | $152,742 |
Over 100% | 3 | $965,000 | $321,667 |
Bemidji's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 196 originations, totaling $47,130,000 in origination value.