Bemidji Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Bemidji averaged 6.7% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.68% and one month ago for the week of 2023-02-16, the average rate was 6.4%.

    Bemidji's average rate one year ago was 4.02%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.98%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Bemidji 30 Year Fixed Rate 2023-03-23 6.7%
    Bemidji 30 Year Fixed Rate Refi 2023-03-23 6.98%
    Bemidji 15 Year Fixed Rate 2023-03-23 6.19%
    Bemidji 15 Year Fixed Rate Refi 2023-03-23 6.37%
    Bemidji 30 Year FHA 2023-03-23 6.26%
    Bemidji 30 Year FHA Refi 2023-03-23 6.17%
    Bemidji 30 Year USDA 2023-03-23 6.34%
    Bemidji 30 Year USDA Refi 2023-03-23 6.13%
    Bemidji 30 Year VA 2023-03-23 6.08%
    Bemidji 30 Year VA Refi 2023-03-23 5.63%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    AFFINITY PLUS 41 4.82% $4,096
    Wells Fargo Bank 25 4.82% $4,932
    UNITED WHOLESALE MORTGAGE, LLC 23 5.27% $6,311
    Deerwood Bank 19 4.43% $4,019
    Bank Forward 16 4.52% $3,658
    RiverWood Bank 16 4.70% $5,182
    QUICKEN LOANS, LLC 12 4.86% $6,122
    Mr. Cooper ( Nationstar Mortgage ) 6 4.54% $5,591
    Servion, Inc. 5 4.90% $3,938
    U.S. Bank 5 4.60% $7,202
    Bremer Bank 4 5.50% $5,671
    The Huntington National Bank 3 4.08% $5,640
    Tradition Mortgage, LLC 3 5.63% $3,332
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.00% $6,749
    Alerus Financial 3 4.42% $2,170
    Bell Bank 2 5.13% $5,406
    NEWREZ LLC 2 3.68% $3,455
    Northview Bank 2 5.25% $4,085
    BROKER SOLUTIONS, INC. 2 3.30% $5,981
    AMERICAN FINANCING CORPORATION 2 5.81% $6,584
    AMERISAVE MORTGAGE CORPORATION 2 5.56% $8,360
    LOANDEPOT.COM, LLC 2 3.75% $7,183
    MANN FINANCIAL INC. 2 5.50% $4,574
    MEGASTAR FINANCIAL CORP. 2 5.13% $4,218
    Gate City Bank 2 4.75% $5,912
    Morgan Stanley Private Bank 2 3.88% $3,694
    HOMESIDE FINANCIAL, LLC 1 2.88% $7,729
    HomeTown Bank 1 4.50% $6,739
    JPMorgan Chase Bank 1 3.00% $7,907
    LEADERONE FINANCIAL CORPORATION 1 5.63% $4,585
    Lend Smart Mortgage, LLC 1 6.00% $5,092
    MEMBERS COOPERATIVE 1 3.88% $5,600
    NAVY FEDERAL CREDIT UNION 1 5.88% $2,718
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.88% $7,451
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.13% $6,992
    Prosperity Home Mortgage, LLC 1 3.75% $4,533
    Quontic Bank 1 7.25% $6,944
    RESULTS MORTGAGE, LLC 1 5.00% $7,254
    Royal Credit Union 1 6.25% $0
    SANDIA AREA 1 6.63% $4,870
    Southwest Airlines Federal Credit Union 1 4.50% $5,778
    SPIRE Credit Union 1 4.00% $5,714
    THRIVENT Federal Credit Union 1 4.00% $4,003
    TOPLINE FEDERAL CREDIT UNION 1 5.25% $7,358
    UNION HOME MORTGAGE CORP. 1 6.38% $4,494
    VALLEY MORTGAGE, INC. 1 4.99% $4,342
    Western National Bank 1 5.50% $3,527
    WINGS FINANCIAL 1 3.25% $2,283
    Ally Bank 1 6.88% $4,374
    ALTRA 1 4.88% $4,185
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.88% $4,349
    Associated Bank 1 4.75% $3,252
    Bank of America 1 4.25% $4,411
    Bank of England 1 6.38% $6,511
    BankVista 1 3.63% $3,776
    Barrington Bank & Trust Company, N.A. 1 5.50% $12,571
    BAY EQUITY LLC 1 5.88% $7,757
    BMO Harris Bank 1 5.25% $4,671
    CALIBER HOME LOANS, INC. 1 7.13% $5,880
    Central Bank 1 3.75% $4,519
    COMPEER FINANCIAL, FLCA 1 4.00% $2,925
    CRESCENT MORTGAGE COMPANY 1 6.13% $4,756
    CROSSCOUNTRY MORTGAGE, LLC 1 4.50% $6,157
    DAS Acquisition Company, LLC 1 4.50% $9,182
    Deere Employees Credit Union 1 2.38% $2,767
    EVERETT FINANCIAL, INC. 1 3.63% $2,491
    FINANCE OF AMERICA MORTGAGE LLC 1 3.75% $1,797
    FIRST COMMUNITY CREDIT UNION 1 5.25% $6,808
    Frandsen Bank & Trust 1 3.63% $4,203
    GREAT RIVER FEDERAL CREDIT UNION 1 3.99% $5,078
    GUARANTY HOME MORTGAGE CORPORATION 1 4.13% $4,096
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.38% $3,464
    HOME POINT FINANCIAL CORPORATION 1 3.88% $8,488

    Bemidji Average Closing Costs & Other Stats

    Bemidji, MN's 73 lenders originated 657 loans during 2022. The total origination value was $116,535,000, with an average loan value of $177,374.

    Bemidji's average closing costs are $4,535.

    The top Bemidji lender as defined by loan originations is AFFINITY PLUS, with 41 loans originated. Their average total fees are $4,096, which is $836 lower than the next largest lender, Wells Fargo Bank.

    The lowest fee Bemidji lenders (with over 10 loans originated) are Bank Forward ($3,658), Deerwood Bank ($4,019), AFFINITY PLUS ($4,096), Wells Fargo Bank ($4,932) and RiverWood Bank ($5,182).

    The lowest rate Bemidji lenders (with over 10 loans originated) are Deerwood Bank (4.43%), Bank Forward (4.52%), RiverWood Bank (4.70%), Wells Fargo Bank (4.82%) and AFFINITY PLUS (4.82%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    AFFINITY PLUS $26,260,000 $15,875,000 -39.5% 13.6%
    Deerwood Bank $19,065,000 $8,420,000 -55.8% 7.2%
    UNITED WHOLESALE MORTGAGE, LLC $7,375,000 $8,380,000 13.6% 7.2%
    RiverWood Bank $19,150,000 $8,345,000 -56.4% 7.2%
    Wells Fargo Bank $12,290,000 $7,715,000 -37.2% 6.6%
    Bank Forward $14,395,000 $7,675,000 -46.7% 6.6%
    QUICKEN LOANS, LLC $16,045,000 $5,405,000 -66.3% 4.6%
    U.S. Bank $3,030,000 $3,655,000 20.6% 3.1%
    Lend Smart Mortgage, LLC $4,750,000 $2,450,000 -48.4% 2.1%
    Mortgage Research Center, LLC $4,825,000 $2,390,000 -50.5% 2.1%
    The Huntington National Bank $365,000 $1,715,000 369.9% 1.5%
    Flagstar Bank, FSB $1,850,000 $1,690,000 -8.6% 1.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $280,000 $1,610,000 475.0% 1.4%
    LOANDEPOT.COM, LLC $2,450,000 $1,500,000 -38.8% 1.3%
    CRESCENT MORTGAGE COMPANY $1,905,000 $1,440,000 -24.4% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $1,030,000 $1,415,000 37.4% 1.2%
    Gate City Bank $755,000 $1,365,000 80.8% 1.2%
    Bremer Bank $2,345,000 $1,260,000 -46.3% 1.1%
    BROKER SOLUTIONS, INC. $1,410,000 $1,185,000 -16.0% 1.0%
    Servion, Inc. $5,090,000 $1,155,000 -77.3% 1.0%
    USAA Federal Savings Bank $2,870,000 $1,150,000 -59.9% 1.0%
    AMERISAVE MORTGAGE CORPORATION $1,575,000 $1,135,000 -27.9% 1.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $930,000 $1,095,000 17.7% 0.9%
    THRIVENT Federal Credit Union $1,005,000 $1,090,000 8.5% 0.9%
    North American Savings Bank, F.S.B. $1,050,000 n/a 0.9%
    Woodlands National Bank $1,020,000 $875,000 -14.2% 0.8%
    NAVY FEDERAL CREDIT UNION $325,000 $775,000 138.5% 0.7%
    NEWREZ LLC $1,155,000 $745,000 -35.5% 0.6%
    CROSSCOUNTRY MORTGAGE, LLC $1,755,000 $725,000 -58.7% 0.6%
    Bell Bank $3,365,000 $660,000 -80.4% 0.6%
    AMERICAN PACIFIC MORTGAGE CORPORATION $680,000 $645,000 -5.1% 0.6%
    Alerus Financial $2,075,000 $635,000 -69.4% 0.5%
    American National Bank of Minnesota $325,000 $615,000 89.2% 0.5%
    RESULTS MORTGAGE, LLC $580,000 n/a 0.5%
    Morgan Stanley Private Bank $560,000 n/a 0.5%
    American Federal Bank $470,000 $530,000 12.8% 0.5%
    Northview Bank $1,140,000 $530,000 -53.5% 0.5%
    Tradition Mortgage, LLC $1,145,000 $495,000 -56.8% 0.4%
    AMERICAN FINANCING CORPORATION $330,000 $450,000 36.4% 0.4%
    BMO Harris Bank $735,000 $435,000 -40.8% 0.4%
    MEGASTAR FINANCIAL CORP. $410,000 n/a 0.4%
    WINGS FINANCIAL $160,000 $410,000 156.3% 0.4%
    FIRST COMMUNITY CREDIT UNION $4,760,000 $395,000 -91.7% 0.3%
    HomeTown Bank $385,000 n/a 0.3%
    CALIBER HOME LOANS, INC. $895,000 $380,000 -57.5% 0.3%
    FINANCE OF AMERICA MORTGAGE LLC $505,000 $355,000 -29.7% 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $355,000 n/a 0.3%
    BankVista $735,000 $350,000 -52.4% 0.3%
    HIWAY $415,000 $350,000 -15.7% 0.3%
    Bank of England $340,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $125,000 $335,000 168.0% 0.3%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $235,000 $335,000 42.6% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $385,000 $315,000 -18.2% 0.3%
    Royal Credit Union $265,000 $315,000 18.9% 0.3%
    MANN FINANCIAL INC. $160,000 $310,000 93.8% 0.3%
    Bank of America $255,000 $305,000 19.6% 0.3%
    SPIRE Credit Union $255,000 $305,000 19.6% 0.3%
    HOMESIDE FINANCIAL, LLC $145,000 $295,000 103.4% 0.3%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $825,000 $295,000 -64.2% 0.3%
    MEMBERS COOPERATIVE $290,000 n/a 0.2%
    BAY EQUITY LLC $285,000 n/a 0.2%
    GUILD MORTGAGE COMPANY $285,000 n/a 0.2%
    Sherburne State Bank $285,000 n/a 0.2%
    HOME POINT FINANCIAL CORPORATION $215,000 $280,000 30.2% 0.2%
    National Bank of Commerce $2,760,000 $275,000 -90.0% 0.2%
    ALTRA $255,000 $265,000 3.9% 0.2%
    First Guaranty Mortgage Corporation $650,000 $265,000 -59.2% 0.2%
    Heritage Bank $435,000 $265,000 -39.1% 0.2%
    Quontic Bank $265,000 n/a 0.2%
    TOPLINE FEDERAL CREDIT UNION $165,000 $265,000 60.6% 0.2%
    Associated Bank $4,975,000 $260,000 -94.8% 0.2%
    The Federal Savings Bank $380,000 $255,000 -32.9% 0.2%
    Prosperity Home Mortgage, LLC $530,000 $245,000 -53.8% 0.2%
    Union State Bank of Fargo $640,000 $240,000 -62.5% 0.2%
    Southwest Airlines Federal Credit Union $235,000 n/a 0.2%
    Deere Employees Credit Union $225,000 n/a 0.2%
    GREAT RIVER FEDERAL CREDIT UNION $225,000 n/a 0.2%
    Western National Bank $390,000 $210,000 -46.2% 0.2%
    COMPEER FINANCIAL, FLCA $145,000 $205,000 41.4% 0.2%
    UNION HOME MORTGAGE CORP. $305,000 $205,000 -32.8% 0.2%
    Central Bank $195,000 n/a 0.2%
    EMM LOANS LLC $175,000 $195,000 11.4% 0.2%
    NEW DAY FINANCIAL, LLC $955,000 $195,000 -79.6% 0.2%
    DAS Acquisition Company, LLC $185,000 n/a 0.2%
    Nations Lending Corporation $185,000 n/a 0.2%
    Summit Mortgage Corporation $145,000 $185,000 27.6% 0.2%
    VALLEY MORTGAGE, INC. $3,565,000 $185,000 -94.8% 0.2%
    Bank Midwest $175,000 n/a 0.2%
    ST. CLOUD FINANCIAL $135,000 $175,000 29.6% 0.2%
    CONTOUR MORTGAGE CORPORATION $165,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $450,000 $165,000 -63.3% 0.1%
    JPMorgan Chase Bank $1,045,000 $165,000 -84.2% 0.1%
    Kirkwood Bank & Trust Co. $165,000 n/a 0.1%
    Merchants Bank $1,505,000 $165,000 -89.0% 0.1%
    Sentry Bank $165,000 n/a 0.1%
    Goldwater Bank, N.A. $195,000 $155,000 -20.5% 0.1%
    GUARANTY HOME MORTGAGE CORPORATION $425,000 $155,000 -63.5% 0.1%
    Minnesota Valley Federal Credit Union $155,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $145,000 n/a 0.1%
    Frandsen Bank & Trust $1,435,000 $135,000 -90.6% 0.1%
    SANDIA AREA $135,000 n/a 0.1%
    Ally Bank $125,000 n/a 0.1%
    Citizens Bank Minnesota $125,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $165,000 $125,000 -24.2% 0.1%
    FREEDOM MORTGAGE CORPORATION $4,080,000 $115,000 -97.2% 0.1%
    GUARANTEED RATE, INC. $595,000 $115,000 -80.7% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $305,000 $115,000 -62.3% 0.1%
    PHH Mortgage Corporation $245,000 $105,000 -57.1% 0.1%
    PNC Bank $215,000 $105,000 -51.2% 0.1%
    Discover Bank $210,000 $90,000 -57.1% 0.1%
    LEADERONE FINANCIAL CORPORATION $580,000 $85,000 -85.3% 0.1%
    GEORGIA'S OWN $75,000 n/a 0.1%
    Plains Commerce Bank $820,000 $65,000 -92.1% 0.1%
    Think Mutual Bank $65,000 n/a 0.1%
    First International Bank & Trust $125,000 $55,000 -56.0% 0.0%
    SPRING EQ, LLC $315,000 $45,000 -85.7% 0.0%
    Figure Lending LLC $35,000 n/a 0.0%
    Unity Bank $145,000 $35,000 -75.9% 0.0%
    Midwest Bank $575,000 $25,000 -95.7% 0.0%

    Bemidji's top lender by overall market share is AFFINITY PLUS, with 13.6% market share. In second place, with 7.2%, is Deerwood Bank, having originated $8,420,000 in loans. In third place, with 7.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,380,000 in loans. In fourth place, with 7.2%, is RiverWood Bank, having originated $8,345,000 in loans. In fifth place, with 6.6%, is Wells Fargo Bank, having originated $7,715,000 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 $224,906 (-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
    Bemidji's median listing price for 2023-02-01 was $349,900, a difference of $66,925 (23.7%) versus the prior year and $7,450 versus the prior month.

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

    Bemidji's average listing price for 2023-02-01 was $401,056, a difference of $68,783 (20.7%) versus the prior year and $12,113 versus the prior month.

    For the 2023-02-01 period, Bemidji had 62 MLS listings, a difference of -1 listings (-2%) versus the prior month and 11 listings (22%) 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 1,838 sqft
    2018-06-01 0 days 1,863 sqft
    2018-07-01 0 days 1,808 sqft
    2018-08-01 0 days 1,788 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 1,720 sqft
    2019-02-01 0 days 1,765 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 2,097 sqft
    2020-08-01 0 days 2,181 sqft
    2020-09-01 0 days 2,106 sqft
    2020-10-01 0 days 2,018 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
    Bemidji's median listing age (time on market) for 2023-02-01 was 0 days.

    Bemidji's median square footage for active listings during the 2023-02-01 period was 1,856 sqft. One year prior, the average listing was 1,293 sqft.

    Bemidji, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 344 $75,010,000 $218,052
    Refi 164 $18,910,000 $115,305
    Cash Out Refi 95 $18,515,000 $194,895
    Other 30 $2,540,000 $84,667
    Home Improvement 24 $1,560,000 $65,000

    Bemidji's most frequently cited loan purpose was Home Purchase, with 344 originations. The 2nd most popular reason was Refi, with 164 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 174 $31,720,000 $182,299
    4-5% 168 $29,910,000 $178,036
    3-4% 153 $30,615,000 $200,098
    6-7% 54 $8,690,000 $160,926
    2.5-3% 42 $7,390,000 $175,952
    <2.5% 24 $3,260,000 $135,833
    7-8% 17 $1,825,000 $107,353
    Over 8% 7 $275,000 $39,286

    During 2022, Bemidji's most frequently originated rate bucket was 5-6%, with 174 originations.

    Loan Sizing (Bemidji, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 218 $32,820,000 $150,550
    $100,000 or less 206 $11,120,000 $53,981
    $200k-400k 205 $56,285,000 $274,561
    $400k-600k 19 $8,775,000 $461,842
    $600k-1000k 8 $5,530,000 $691,250
    $Over $1MM 1 $2,005,000 $2,005,000

    Bemidji's loan sizing saw the bucket of loans from $100k-200k with 218 originations, totaling $32,820,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 223 $53,115,000 $238,184
    60-80% 190 $40,500,000 $213,158
    Under 20% 92 $3,570,000 $38,804
    20-40% 71 $5,535,000 $77,958
    40-60% 55 $8,615,000 $156,636
    Over 100% 6 $2,030,000 $338,333

    Bemidji's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 223 originations, totaling $53,115,000 in origination value.