Bemidji Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bemidji averaged
6.5%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.32% and
one month ago for the week of 2025-03-06, the
average rate was 6.71%.
Bemidji's average rate one year ago was 6.5%.
For refis of the same type during the week of 2025-04-10, the average rate
was 6.82%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-04-10 | 6.62% |
Bemidji 30 Year Fixed Rate | 2025-04-10 | 6.5% |
Bemidji 30 Year Fixed Rate Refi | 2025-04-10 | 6.82% |
Bemidji 15 Year Fixed Rate | 2025-04-10 | 5.82% |
Bemidji 15 Year Fixed Rate Refi | 2025-04-10 | 5.82% |
Bemidji 30 Year FHA | 2025-04-10 | 6.33% |
Bemidji 30 Year FHA Refi | 2025-04-10 | 6.43% |
Bemidji 30 Year USDA | 2025-04-10 | 6.45% |
Bemidji 30 Year USDA Refi | 2025-04-10 | 6.35% |
Bemidji 30 Year VA | 2025-04-10 | 6.29% |
Bemidji 30 Year VA Refi | 2025-04-10 | 6.19% |
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 48 lenders originated 517
loans during 2024. The total origination value was $103,605,000, with an average loan value of
$200,397.
Bemidji's average closing costs are $4,938.
The top Bemidji lender as defined by loan originations is AFFINITY PLUS, with
22 loans originated. Their average total fees are
$4,390, which is $191
lower than the next largest lender,
Deerwood Bank.
The lowest fee Bemidji lenders (with over 10 loans originated) are
AFFINITY PLUS ($4,390), Deerwood Bank ($4,581), UNITED WHOLESALE MORTGAGE, LLC ($6,857), .
The lowest rate Bemidji lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.28%), Deerwood Bank (6.30%), AFFINITY PLUS (6.51%), .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
---|---|---|---|---|
AFFINITY PLUS | $9,945,000 | $10,940,000 | 10.0% | 10.6% |
UNITED WHOLESALE MORTGAGE, LLC | $3,980,000 | $8,780,000 | 120.6% | 8.5% |
Deerwood Bank | $9,090,000 | $6,650,000 | -26.8% | 6.4% |
Arbor Realty Trust, Inc. | $6,625,000 | n/a | 6.4% | |
RiverWood Bank | $6,390,000 | $5,980,000 | -6.4% | 5.8% |
Bank Forward | $6,485,000 | $5,915,000 | -8.8% | 5.7% |
Mortgage Research Center, LLC | $2,610,000 | $5,060,000 | 93.9% | 4.9% |
QUICKEN LOANS, LLC | $5,365,000 | $4,920,000 | -8.3% | 4.7% |
Flagstar Bank, FSB | $410,000 | $3,085,000 | 652.4% | 3.0% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $2,075,000 | $2,335,000 | 12.5% | 2.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,145,000 | $2,230,000 | 4.0% | 2.2% |
The Huntington National Bank | $1,480,000 | $1,885,000 | 27.4% | 1.8% |
U.S. Bank | $810,000 | $1,410,000 | 74.1% | 1.4% |
Bell Bank | $1,695,000 | $1,390,000 | -18.0% | 1.3% |
Gate City Bank | $795,000 | $1,325,000 | 66.7% | 1.3% |
Merchants Bank | $1,325,000 | n/a | 1.3% | |
FREEDOM MORTGAGE CORPORATION | $320,000 | $1,255,000 | 292.2% | 1.2% |
Servion, Inc. | $1,490,000 | $1,215,000 | -18.5% | 1.2% |
PLAZA HOME MORTGAGE, INC. | $460,000 | $1,175,000 | 155.4% | 1.1% |
Choice Financial Group | $870,000 | $1,120,000 | 28.7% | 1.1% |
PENNYMAC LOAN SERVICES, LLC | $785,000 | $1,045,000 | 33.1% | 1.0% |
Bremer Bank | $775,000 | $945,000 | 21.9% | 0.9% |
Star Bank | $915,000 | n/a | 0.9% | |
LOANDEPOT.COM, LLC | $795,000 | $895,000 | 12.6% | 0.9% |
VILLAGE CAPITAL MORTGAGE | $400,000 | $875,000 | 118.8% | 0.8% |
MOVEMENT MORTGAGE, LLC | $415,000 | $855,000 | 106.0% | 0.8% |
American Mortgage & Equity Consultants, Inc. | $920,000 | $840,000 | -8.7% | 0.8% |
SPIRE Credit Union | $835,000 | n/a | 0.8% | |
Union State Bank of Fargo | $310,000 | $730,000 | 135.5% | 0.7% |
VALLEY MORTGAGE, INC. | $665,000 | $680,000 | 2.3% | 0.7% |
NEW DAY FINANCIAL, LLC | $175,000 | $675,000 | 285.7% | 0.7% |
Mr. Cooper ( Nationstar Mortgage ) | $640,000 | n/a | 0.6% | |
NBKC BANK | $405,000 | $625,000 | 54.3% | 0.6% |
Wells Fargo Bank | $2,935,000 | $555,000 | -81.1% | 0.5% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $65,000 | $540,000 | 730.8% | 0.5% |
PLANET HOME LENDING, LLC | $215,000 | $525,000 | 144.2% | 0.5% |
Granite Community Bank | $515,000 | n/a | 0.5% | |
Waterstone Mortgage Corporation | $485,000 | n/a | 0.5% | |
WINGS FINANCIAL | $435,000 | $460,000 | 5.7% | 0.4% |
Prosperity Home Mortgage, LLC | $180,000 | $450,000 | 150.0% | 0.4% |
Alerus Financial | $775,000 | $440,000 | -43.2% | 0.4% |
CROSSCOUNTRY MORTGAGE, LLC | $1,065,000 | $440,000 | -58.7% | 0.4% |
NATIONS RELIABLE LENDING, LLC | $435,000 | n/a | 0.4% | |
Equity Prime Mortgage LLC | $420,000 | n/a | 0.4% | |
Woodlands National Bank | $1,165,000 | $420,000 | -63.9% | 0.4% |
American Federal Bank | $865,000 | $370,000 | -57.2% | 0.4% |
The Federal Savings Bank | $365,000 | n/a | 0.4% | |
United Valley Bank | $650,000 | $365,000 | -43.8% | 0.4% |
MID AMERICA MORTGAGE, INC. | $585,000 | $345,000 | -41.0% | 0.3% |
First International Bank & Trust | $215,000 | $335,000 | 55.8% | 0.3% |
CARDINAL FINANCIAL | $790,000 | $325,000 | -58.9% | 0.3% |
CANOPY MORTGAGE, LLC | $320,000 | n/a | 0.3% | |
Nations Lending Corporation | $790,000 | $320,000 | -59.5% | 0.3% |
Allied First Bank,sb | $315,000 | n/a | 0.3% | |
Bank of America | $295,000 | n/a | 0.3% | |
Royal Credit Union | $290,000 | n/a | 0.3% | |
Heritage Bank | $285,000 | n/a | 0.3% | |
LAKEVIEW LOAN SERVICING, LLC | $285,000 | n/a | 0.3% | |
Midwest Bank | $200,000 | $285,000 | 42.5% | 0.3% |
USAA Federal Savings Bank | $1,765,000 | $280,000 | -84.1% | 0.3% |
National Bank of Commerce | $275,000 | n/a | 0.3% | |
Tradition Mortgage, LLC | $275,000 | $275,000 | 0.0% | 0.3% |
Loan Simple, Inc. | $270,000 | n/a | 0.3% | |
First Bank & Trust | $265,000 | n/a | 0.3% | |
CENTRAL MINNESOTA Credit Union | $255,000 | n/a | 0.2% | |
BMO Harris Bank | $245,000 | n/a | 0.2% | |
TOPLINE FEDERAL CREDIT UNION | $155,000 | $245,000 | 58.1% | 0.2% |
Liberty Bank Minnesota | $370,000 | $235,000 | -36.5% | 0.2% |
American Bank Center | $145,000 | $225,000 | 55.2% | 0.2% |
AMERICAN FINANCING CORPORATION | $225,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $420,000 | $225,000 | -46.4% | 0.2% |
North Shore Bank of Commerce | $145,000 | $225,000 | 55.2% | 0.2% |
Frandsen Bank & Trust | $1,195,000 | $205,000 | -82.8% | 0.2% |
NexBank | $325,000 | $205,000 | -36.9% | 0.2% |
CONTOUR MORTGAGE CORPORATION | $195,000 | n/a | 0.2% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $185,000 | $185,000 | 0.0% | 0.2% |
PNC Bank | $200,000 | $170,000 | -15.0% | 0.2% |
Access Bank | $165,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $165,000 | $165,000 | 0.0% | 0.2% |
CMG MORTGAGE, INC. | $165,000 | n/a | 0.2% | |
IncredibleBank | $165,000 | n/a | 0.2% | |
T2 FINANCIAL LLC | $165,000 | n/a | 0.2% | |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $150,000 | n/a | 0.1% | |
ZILLOW HOME LOANS, LLC | $340,000 | $135,000 | -60.3% | 0.1% |
BROKER SOLUTIONS, INC. | $195,000 | $115,000 | -41.0% | 0.1% |
LONGBRIDGE FINANCIAL, LLC | $115,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $245,000 | $105,000 | -57.1% | 0.1% |
21ST MORTGAGE CORPORATION | $75,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $75,000 | n/a | 0.1% | |
Discover Bank | $35,000 | $70,000 | 100.0% | 0.1% |
MEMBERS COOPERATIVE | $2,270,000 | $70,000 | -96.9% | 0.1% |
ALTRA | $55,000 | n/a | 0.1% | |
American National Bank of Minnesota | $55,000 | n/a | 0.1% | |
SUPERIOR CHOICE | $45,000 | n/a | 0.0% | |
Bethpage Federal Credit Union | $15,000 | n/a | 0.0% | |
Coastal Community Bank | $15,000 | n/a | 0.0% |
Bemidji's top lender by overall market share is AFFINITY PLUS, with 10.6% market share. In second place, with 8.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,780,000 in loans. In third place, with 6.4%, is Deerwood Bank, having originated $6,650,000 in loans. In fourth place, with 6.4%, is Arbor Realty Trust, Inc., having originated $6,625,000 in loans. In fifth place, with 5.8%, is RiverWood Bank, having originated $5,980,000 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 | $224,906 (-7.6%) | $261,602 (-6.8%) | 0.00 | 196 |
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 (9.3%) | 0.00 | 154 |
2020-06-01 | $243,388 (8.2%) | $296,301 (11.8%) | 0.00 | 146 |
2020-07-01 | $247,450 (9.9%) | $295,620 (10.1%) | 0.00 | 132 |
2020-08-01 | $239,800 (6.6%) | $292,964 (11.8%) | 0.00 | 124 |
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 (8.5%) | $321,543 (8.5%) | 0.00 | 119 |
2021-07-01 | $269,900 (9.1%) | $321,340 (8.7%) | 0.00 | 118 |
2021-08-01 | $288,225 (20.2%) | $324,898 (10.9%) | 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%) | $385,355 (-4.1%) | 0.00 | 123 |
2024-06-01 | $349,900 (0.0%) | $395,988 (-0.5%) | 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 |
2024-10-01 | $370,150 (6.8%) | $426,487 (8.3%) | 0.00 | 150 |
2024-11-01 | $349,999 (3.3%) | $400,546 (1.2%) | 0.00 | 145 |
2024-12-01 | $349,900 (2.8%) | $397,091 (1.2%) | 0.00 | 129 |
2025-01-01 | $349,900 (0.8%) | $398,642 (-0.5%) | 0.00 | 115 |
2025-02-01 | $349,900 (0.8%) | $393,496 (-2.1%) | 0.00 | 110 |
2025-03-01 | $359,900 (2.9%) | $397,557 (-3.7%) | 0.00 | 116 |
Bemidji's median listing price comes in at 0% of the national average.
Bemidji's average listing price for 2025-03-01 was $397,557, a difference of $-15,294 (-3.7%) versus the prior year and $4,061 versus the prior month.
For the 2025-03-01 period, Bemidji had 116 MLS listings, a difference of 6 listings (5%) versus the prior month and 39 listings (51%) 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 | 1,609 sqft |
2018-02-01 | 0 days | 1,636 sqft |
2018-03-01 | 0 days | 1,698 sqft |
2018-04-01 | 0 days | 1,919 sqft |
2018-05-01 | 0 days | 1,848 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 | 1,774 sqft |
2019-05-01 | 0 days | 1,799 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 | 2,094 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 | 1,840 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 | 1,783 sqft |
2023-08-01 | 0 days | 1,938 sqft |
2023-09-01 | 0 days | 1,875 sqft |
2023-10-01 | 0 days | 1,923 sqft |
2023-11-01 | 0 days | 1,805 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 | 1,750 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 |
2024-10-01 | 0 days | 1,692 sqft |
2024-11-01 | 0 days | 1,664 sqft |
2024-12-01 | 0 days | 1,664 sqft |
2025-01-01 | 0 days | 1,687 sqft |
2025-02-01 | 0 days | 1,606 sqft |
2025-03-01 | 0 days | 1,665 sqft |
Bemidji's median square footage for active listings during the 2025-03-01 period was 1,665 sqft. One year prior, the average listing was 1,793 sqft.
Bemidji, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 266 | $74,490,000 | $280,038 |
Home Improvement | 79 | $4,275,000 | $54,114 |
Refi | 67 | $12,325,000 | $183,955 |
Other | 65 | $4,395,000 | $67,615 |
Cash Out Refi | 40 | $8,120,000 | $203,000 |
Bemidji's most frequently cited loan purpose was Home Purchase, with 266 originations. The 2nd most popular reason was Home Improvement, with 79 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 187 | $48,445,000 | $259,064 |
7-8% | 103 | $15,935,000 | $154,709 |
5-6% | 76 | $16,070,000 | $211,447 |
Over 8% | 55 | $4,005,000 | $72,818 |
<2.5% | 6 | $400,000 | $66,667 |
4-5% | 6 | $1,580,000 | $263,333 |
During 2024, Bemidji's most frequently originated rate bucket was 6-7%, with 187 originations.
Loan Sizing (Bemidji, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 182 | $9,270,000 | $50,934 |
$200k-400k | 175 | $48,165,000 | $275,229 |
$100k-200k | 125 | $18,945,000 | $151,560 |
$400k-600k | 22 | $10,260,000 | $466,364 |
$600k-1000k | 10 | $7,350,000 | $735,000 |
$Over $1MM | 3 | $9,615,000 | $3,205,000 |
Bemidji's loan sizing saw the bucket of loans from $100,000 or less with 182 originations, totaling $9,270,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 156 | $43,910,000 | $281,474 |
Under 20% | 100 | $3,490,000 | $34,900 |
20-40% | 69 | $6,825,000 | $98,913 |
60-80% | 63 | $22,645,000 | $359,444 |
40-60% | 35 | $5,975,000 | $170,714 |
Over 100% | 4 | $1,310,000 | $327,500 |
Bemidji's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 156 originations, totaling $43,910,000 in origination value.