Bemidji Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Bemidji averaged 6.86% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.84% and one month ago for the week of 2024-03-14, the average rate was 6.9%.

    Bemidji's average rate one year ago was 6.03%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Bemidji 30 Year Fixed Rate 2024-04-18 6.86%
    Bemidji 30 Year Fixed Rate Refi 2024-04-18 7.5%
    Bemidji 15 Year Fixed Rate 2024-04-18 6.59%
    Bemidji 15 Year Fixed Rate Refi 2024-04-18 6.99%
    Bemidji 30 Year FHA 2024-04-18 6.76%
    Bemidji 30 Year FHA Refi 2024-04-18 6.86%
    Bemidji 30 Year USDA 2024-04-18 6.86%
    Bemidji 30 Year USDA Refi 2024-04-18 7.06%
    Bemidji 30 Year VA 2024-04-18 6.86%
    Bemidji 30 Year VA Refi 2024-04-18 6.86%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Bemidji, MN.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AFFINITY PLUS 17 6.37% $4,280
    QUICKEN LOANS, LLC 16 7.01% $6,901
    Deerwood Bank 14 6.58% $5,132
    Bank Forward 12 6.50% $4,611
    RiverWood Bank 10 6.74% $5,627
    UNITED WHOLESALE MORTGAGE, LLC 9 7.23% $5,893
    Wells Fargo Bank 8 7.08% $3,937
    Servion, Inc. 6 6.65% $5,242
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.95% $5,254
    The Huntington National Bank 4 6.41% $6,813
    Bell Bank 4 7.93% $4,430
    HIWAY 3 6.29% $4,060
    Nations Lending Corporation 3 6.96% $6,818
    MEMBERS COOPERATIVE 2 7.00% $5,513
    JPMorgan Chase Bank 2 6.56% $3,795
    USAA Federal Savings Bank 2 6.81% $5,638
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.19% $5,505
    Frandsen Bank & Trust 2 6.74% $6,182
    CROSSCOUNTRY MORTGAGE, LLC 2 6.35% $5,022
    WINGS FINANCIAL 2 6.06% $3,167
    Alerus Financial 2 6.69% $6,450
    GUARANTEED RATE, INC. 2 6.76% $4,159
    Bremer Bank 2 7.00% $6,398
    Northview Bank 1 6.50% $4,083
    Old National Bank 1 6.25% $3,571
    PENNYMAC LOAN SERVICES, LLC 1 6.00% $5,334
    PNC Bank 1 5.75% $3,031
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $3,344
    Regent Financial Group, Inc. 1 6.63% $4,963
    Reliabank Dakota 1 5.99% $3,813
    TOPLINE FEDERAL CREDIT UNION 1 5.25% $5,060
    Tradition Mortgage, LLC 1 6.62% $3,259
    UNION HOME MORTGAGE CORP. 1 6.88% $3,898
    U.S. Bank 1 7.38% $4,138
    VALLEY MORTGAGE, INC. 1 7.63% $8,237
    Western State Bank 1 6.88% $2,720
    ZILLOW HOME LOANS, LLC 1 6.13% $3,380
    Ally Bank 1 6.13% $3,882
    American Bank Center 1 7.63% $4,097
    American Mortgage & Equity Consultants, Inc. 1 7.25% $5,620
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.25% $4,502
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.88% $9,391
    Associated Bank 1 6.75% $3,270
    CARDINAL FINANCIAL 1 7.88% $7,092
    Choice Financial Group 1 5.50% $10,323
    CRESCENT MORTGAGE COMPANY 1 7.75% $5,107
    Dacotah Bank 1 6.50% $5,673
    EVERETT FINANCIAL, INC. 1 7.25% $5,117
    First International Bank & Trust 1 7.25% $5,292
    Gate City Bank 1 6.63% $7,953
    GUARANTEED RATE AFFINITY, LLC 1 6.99% $128
    GUILD MORTGAGE COMPANY 1 5.88% $7,485
    Liberty Bank Minnesota 1 6.38% $3,539
    LIBERTY HOME MORTGAGE CORPORATION 1 6.63% $5,758
    MANN FINANCIAL INC. 1 6.50% $4,859
    METRO CU 1 4.75% $3,072
    MORTGAGE ACCESS CORP. 1 7.99% $5,790
    Mortgage Research Center, LLC 1 7.25% $1,432
    NexBank 1 8.13% $11,706

    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. Louis
    Date 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
    Bemidji's median listing price for 2024-03-01 was $349,900, a difference of $-3,550 (-1.0%) versus the prior year and $2,825 versus the prior month.

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

    Bemidji's average listing price for 2024-03-01 was $412,851, a difference of $2,792 (0.7%) versus the prior year and $10,921 versus the prior month.

    For the 2024-03-01 period, Bemidji had 77 MLS listings, a difference of -8 listings (-9%) versus the prior month and 17 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bemidji (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,605 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
    Bemidji's median listing age (time on market) for 2024-03-01 was 0 days.

    Bemidji's median square footage for active listings during the 2024-03-01 period was 1,793 sqft. One year prior, the average listing was 1,880 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.