Brainerd Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Brainerd averaged
6.71%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.64% and
one month ago for the week of 2023-02-09, the
average rate was 6.33%.
Brainerd's average rate one year ago was 3.8%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.81%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Brainerd 30 Year Fixed Rate | 2023-03-16 | 6.71% |
| Brainerd 30 Year Fixed Rate Refi | 2023-03-16 | 6.81% |
| Brainerd 15 Year Fixed Rate | 2023-03-16 | 6.02% |
| Brainerd 15 Year Fixed Rate Refi | 2023-03-16 | 5.99% |
| Brainerd 30 Year FHA | 2023-03-16 | 6.14% |
| Brainerd 30 Year FHA Refi | 2023-03-16 | 6.41% |
| Brainerd 30 Year USDA | 2023-03-16 | 6.12% |
| Brainerd 30 Year USDA Refi | 2023-03-16 | 5.92% |
| Brainerd 30 Year VA | 2023-03-16 | 5.95% |
| Brainerd 30 Year VA Refi | 2023-03-16 | 6.07% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Brainerd, MN.
Brainerd 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 Brainerd, 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.).
Brainerd Average Closing Costs & Other Stats
Brainerd, MN's 167 lenders originated 3,072
loans during 2022. The total origination value was $834,700,000, with an average loan value of
$271,712.
Brainerd's average closing costs are $4,647.
The top Brainerd lender as defined by loan originations is U.S. Bank, with
98 loans originated. Their average total fees are
$4,617, which is $898
lower than the next largest lender,
Flagstar Bank, FSB.
The lowest fee Brainerd lenders (with over 10 loans originated) are
EVERETT FINANCIAL, INC. ($2,222), WINGS FINANCIAL ($3,285), Merchants Bank ($3,662), First Western Bank & Trust ($4,405) and Deerwood Bank ($4,467).
The lowest rate Brainerd lenders (with over 10 loans originated) are
PLAZA HOME MORTGAGE, INC. (4.36%), U.S. Bank (4.38%), PENNYMAC LOAN SERVICES, LLC (4.44%), Deerwood Bank (4.53%) and Wells Fargo Bank (4.56%).
Brainerd, 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 |
|---|---|---|---|---|
| U.S. Bank | $90,650,000 | $55,265,000 | -39.0% | 6.6% |
| Bremer Bank | $50,725,000 | $55,110,000 | 8.6% | 6.6% |
| Deerwood Bank | $64,560,000 | $44,305,000 | -31.4% | 5.3% |
| QUICKEN LOANS, LLC | $78,525,000 | $33,550,000 | -57.3% | 4.0% |
| First Western Bank & Trust | $75,355,000 | $33,185,000 | -56.0% | 4.0% |
| LOANDEPOT.COM, LLC | $39,575,000 | $32,185,000 | -18.7% | 3.9% |
| Flagstar Bank, FSB | $60,320,000 | $29,735,000 | -50.7% | 3.6% |
| RiverWood Bank | $43,100,000 | $28,715,000 | -33.4% | 3.4% |
| American National Bank of Minnesota | $28,455,000 | $27,505,000 | -3.3% | 3.3% |
| Bell Bank | $40,600,000 | $24,710,000 | -39.1% | 3.0% |
| Wells Fargo Bank | $62,795,000 | $23,545,000 | -62.5% | 2.8% |
| Frandsen Bank & Trust | $27,335,000 | $20,630,000 | -24.5% | 2.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $25,790,000 | $16,485,000 | -36.1% | 2.0% |
| WINGS FINANCIAL | $16,755,000 | $16,455,000 | -1.8% | 2.0% |
| Tradition Mortgage, LLC | $23,135,000 | $13,490,000 | -41.7% | 1.6% |
| AFFINITY PLUS | $27,210,000 | $12,635,000 | -53.6% | 1.5% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $11,855,000 | $12,290,000 | 3.7% | 1.5% |
| Alerus Financial | $16,275,000 | $11,895,000 | -26.9% | 1.4% |
| Goldwater Bank, N.A. | $20,765,000 | $11,795,000 | -43.2% | 1.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $20,145,000 | $10,330,000 | -48.7% | 1.2% |
| PLAZA HOME MORTGAGE, INC. | $10,805,000 | $10,170,000 | -5.9% | 1.2% |
| JPMorgan Chase Bank | $6,890,000 | $9,130,000 | 32.5% | 1.1% |
| Merchants Bank | $37,640,000 | $8,440,000 | -77.6% | 1.0% |
| Associated Bank | $4,600,000 | $8,010,000 | 74.1% | 1.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $14,875,000 | $7,795,000 | -47.6% | 0.9% |
| BROKER SOLUTIONS, INC. | $12,880,000 | $7,640,000 | -40.7% | 0.9% |
| Mortgage Research Center, LLC | $13,220,000 | $7,485,000 | -43.4% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $16,590,000 | $6,875,000 | -58.6% | 0.8% |
| GUARANTEED RATE, INC. | $8,265,000 | $6,630,000 | -19.8% | 0.8% |
| Prosperity Home Mortgage, LLC | $14,825,000 | $6,360,000 | -57.1% | 0.8% |
| Royal Credit Union | $1,865,000 | $5,735,000 | 207.5% | 0.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $15,885,000 | $5,710,000 | -64.1% | 0.7% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,385,000 | $5,235,000 | -29.1% | 0.6% |
| EVERETT FINANCIAL, INC. | $3,730,000 | $5,105,000 | 36.9% | 0.6% |
| MEMBERS COOPERATIVE | $6,710,000 | $5,025,000 | -25.1% | 0.6% |
| American Mortgage & Equity Consultants, Inc. | $7,115,000 | $4,455,000 | -37.4% | 0.5% |
| Servion, Inc. | $15,015,000 | $4,450,000 | -70.4% | 0.5% |
| UBS Bank USA | $2,020,000 | $4,360,000 | 115.8% | 0.5% |
| BAY EQUITY LLC | $9,170,000 | $4,180,000 | -54.4% | 0.5% |
| Tradition Capital Bank | $3,845,000 | n/a | 0.5% | |
| TOPLINE FEDERAL CREDIT UNION | $3,990,000 | $3,675,000 | -7.9% | 0.4% |
| The Huntington National Bank | $3,630,000 | $3,665,000 | 1.0% | 0.4% |
| CALIBER HOME LOANS, INC. | $6,960,000 | $3,305,000 | -52.5% | 0.4% |
| Bank Forward | $6,035,000 | $3,270,000 | -45.8% | 0.4% |
| COMPEER FINANCIAL, FLCA | $3,410,000 | $3,135,000 | -8.1% | 0.4% |
| Charles Schwab Bank, SSB | $2,875,000 | $3,070,000 | 6.8% | 0.4% |
| Cambria Financial Group, LLC | $3,125,000 | $2,980,000 | -4.6% | 0.4% |
| Think Mutual Bank | $3,225,000 | $2,880,000 | -10.7% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $3,315,000 | $2,870,000 | -13.4% | 0.3% |
| NEW DAY FINANCIAL, LLC | $2,995,000 | $2,740,000 | -8.5% | 0.3% |
| Northview Bank | $2,290,000 | $2,670,000 | 16.6% | 0.3% |
| Armed Forces Bank | $2,605,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $6,990,000 | $2,540,000 | -63.7% | 0.3% |
| Choice Financial Group | $1,645,000 | $2,465,000 | 49.8% | 0.3% |
| HIWAY | $4,795,000 | $2,395,000 | -50.1% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,035,000 | $2,280,000 | 120.3% | 0.3% |
| Liberty Bank Minnesota | $7,085,000 | $2,180,000 | -69.2% | 0.3% |
| First International Bank & Trust | $3,790,000 | $2,135,000 | -43.7% | 0.3% |
| USAA Federal Savings Bank | $2,485,000 | $2,105,000 | -15.3% | 0.3% |
| HOME POINT FINANCIAL CORPORATION | $6,610,000 | $2,055,000 | -68.9% | 0.2% |
| The Federal Savings Bank | $1,135,000 | $2,030,000 | 78.9% | 0.2% |
| Neighborhood National Bank | $2,000,000 | n/a | 0.2% | |
| Summit Mortgage Corporation | $3,960,000 | $1,995,000 | -49.6% | 0.2% |
| BMO Harris Bank | $860,000 | $1,970,000 | 129.1% | 0.2% |
| American Heritage National Bank | $115,000 | $1,955,000 | 1,600.0% | 0.2% |
| Baxter Credit Union | $2,900,000 | $1,945,000 | -32.9% | 0.2% |
| Old National Bank | $11,000,000 | $1,915,000 | -82.6% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $18,480,000 | $1,890,000 | -89.8% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,120,000 | $1,880,000 | 67.9% | 0.2% |
| Core Bank | $115,000 | $1,865,000 | 1,521.7% | 0.2% |
| Sherburne State Bank | $3,470,000 | $1,860,000 | -46.4% | 0.2% |
| Home Federal Savings Bank | $3,085,000 | $1,820,000 | -41.0% | 0.2% |
| Bridgewater Bank | $310,000 | $1,790,000 | 477.4% | 0.2% |
| The Bank of Elk River | $1,775,000 | n/a | 0.2% | |
| GUARANTEED RATE AFFINITY, LLC | $2,340,000 | $1,730,000 | -26.1% | 0.2% |
| MidWestOne Bank | $2,030,000 | $1,705,000 | -16.0% | 0.2% |
| CORTRUST MORTGAGE, INC. | $2,905,000 | $1,685,000 | -42.0% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $7,350,000 | $1,635,000 | -77.8% | 0.2% |
| Stifel Bank and Trust | $3,900,000 | $1,630,000 | -58.2% | 0.2% |
| CMG MORTGAGE, INC. | $2,785,000 | $1,615,000 | -42.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $3,970,000 | $1,610,000 | -59.4% | 0.2% |
| CENTRAL MINNESOTA Credit Union | $3,845,000 | $1,575,000 | -59.0% | 0.2% |
| KeyBank | $495,000 | $1,550,000 | 213.1% | 0.2% |
| National Bank of Commerce | $2,215,000 | $1,530,000 | -30.9% | 0.2% |
| SPIRE Credit Union | $3,155,000 | $1,515,000 | -52.0% | 0.2% |
| Morgan Stanley Private Bank | $3,905,000 | $1,500,000 | -61.6% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $3,400,000 | $1,490,000 | -56.2% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $2,645,000 | $1,460,000 | -44.8% | 0.2% |
| AMERICAN FINANCING CORPORATION | $2,400,000 | $1,425,000 | -40.6% | 0.2% |
| BankVista | $2,595,000 | $1,385,000 | -46.6% | 0.2% |
| Waterstone Mortgage Corporation | $2,130,000 | $1,355,000 | -36.4% | 0.2% |
| Lend Smart Mortgage, LLC | $7,980,000 | $1,340,000 | -83.2% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $720,000 | $1,330,000 | 84.7% | 0.2% |
| Sentry Bank | $945,000 | $1,320,000 | 39.7% | 0.2% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,245,000 | $1,295,000 | 4.0% | 0.2% |
| Unity Bank | $150,000 | $1,295,000 | 763.3% | 0.2% |
| IOWA BANKERS MORTGAGE CORPORATION | $1,325,000 | $1,280,000 | -3.4% | 0.2% |
| Carrington Mortgage Services, LLC | $1,665,000 | $1,275,000 | -23.4% | 0.2% |
| Old Plank Trail Community Bank | $1,275,000 | n/a | 0.2% | |
| Barrington Bank & Trust Company, N.A. | $2,310,000 | $1,195,000 | -48.3% | 0.1% |
| Woodlands National Bank | $585,000 | $1,165,000 | 99.1% | 0.1% |
| Truist | $3,110,000 | $1,160,000 | -62.7% | 0.1% |
| KELLER MORTGAGE, LLC | $1,810,000 | $1,125,000 | -37.8% | 0.1% |
| Bank of America | $2,685,000 | $1,115,000 | -58.5% | 0.1% |
| ST. CLOUD FINANCIAL | $1,990,000 | $1,095,000 | -45.0% | 0.1% |
| American Federal Bank | $1,355,000 | $1,085,000 | -19.9% | 0.1% |
| Lake Elmo Bank | $155,000 | $1,080,000 | 596.8% | 0.1% |
| First Resource Bank | $1,380,000 | $1,055,000 | -23.6% | 0.1% |
| IDEAL | $850,000 | $1,030,000 | 21.2% | 0.1% |
| FIRST COMMUNITY CREDIT UNION | $105,000 | $1,020,000 | 871.4% | 0.1% |
| MinnStar Bank N.A. | $1,020,000 | n/a | 0.1% | |
| NEWREZ LLC | $7,070,000 | $1,020,000 | -85.6% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,325,000 | $1,015,000 | -23.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,550,000 | $1,015,000 | -60.2% | 0.1% |
| BNY Mellon | $835,000 | $1,005,000 | 20.4% | 0.1% |
| The Northern Trust Company | $1,005,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $635,000 | $960,000 | 51.2% | 0.1% |
| SOFI LENDING CORP. | $655,000 | $950,000 | 45.0% | 0.1% |
| AXIA FINANCIAL, LLC | $1,640,000 | $920,000 | -43.9% | 0.1% |
| Gate City Bank | $1,550,000 | $920,000 | -40.6% | 0.1% |
| MEGASTAR FINANCIAL CORP. | $1,060,000 | $920,000 | -13.2% | 0.1% |
| Plains Commerce Bank | $3,260,000 | $885,000 | -72.9% | 0.1% |
| Citizens Bank Minnesota | $1,345,000 | $880,000 | -34.6% | 0.1% |
| Mortgages Unlimited Inc. | $5,240,000 | $870,000 | -83.4% | 0.1% |
| Farmers State Bank | $845,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $2,130,000 | $845,000 | -60.3% | 0.1% |
| Hometown Lenders, Inc. | $1,520,000 | $835,000 | -45.1% | 0.1% |
| Northwest Bank | $405,000 | $820,000 | 102.5% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $1,955,000 | $790,000 | -59.6% | 0.1% |
| MY Credit Union | $560,000 | $750,000 | 33.9% | 0.1% |
| VERIDIAN CREDIT UNION | $720,000 | n/a | 0.1% | |
| The First National Bank of River Falls | $710,000 | n/a | 0.1% | |
| Wyndham Capital Mortgage, Inc. | $595,000 | $700,000 | 17.6% | 0.1% |
| CITIZENS EQUITY FIRST | $690,000 | n/a | 0.1% | |
| HomeTown Bank | $735,000 | $655,000 | -10.9% | 0.1% |
| THRIVENT Federal Credit Union | $3,125,000 | $655,000 | -79.0% | 0.1% |
| BETTER MORTGAGE CORPORATION | $4,545,000 | $645,000 | -85.8% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $2,585,000 | $645,000 | -75.0% | 0.1% |
| TJC Mortgage, Inc. | $645,000 | n/a | 0.1% | |
| Amerifirst Financial, Inc. | $365,000 | $640,000 | 75.3% | 0.1% |
| First Guaranty Mortgage Corporation | $1,905,000 | $640,000 | -66.4% | 0.1% |
| First Bank & Trust | $1,985,000 | $635,000 | -68.0% | 0.1% |
| The First National Bank in Sioux Falls | $850,000 | $615,000 | -27.6% | 0.1% |
| BANKWEST, INC. | $105,000 | $595,000 | 466.7% | 0.1% |
| THRIVE MORTGAGE, LLC | $590,000 | n/a | 0.1% | |
| Minnwest Bank | $890,000 | $575,000 | -35.4% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,130,000 | $570,000 | -49.6% | 0.1% |
| Bank of England | $1,530,000 | $565,000 | -63.1% | 0.1% |
| EVANSVILLE TEACHERS | $565,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $1,395,000 | $560,000 | -59.9% | 0.1% |
| RESULTS MORTGAGE, LLC | $2,340,000 | $555,000 | -76.3% | 0.1% |
| Citizens Bank | $810,000 | $550,000 | -32.1% | 0.1% |
| ONY GLO, INC. | $545,000 | n/a | 0.1% | |
| Chicago Mortgage Solutions LLC | $1,605,000 | $535,000 | -66.7% | 0.1% |
| Bank Midwest | $285,000 | $515,000 | 80.7% | 0.1% |
| Citywide Banks | $505,000 | n/a | 0.1% | |
| Union State Bank of Fargo | $505,000 | n/a | 0.1% | |
| CITY-COUNTY CREDIT UNION | $325,000 | $495,000 | 52.3% | 0.1% |
| City National Bank | $4,760,000 | $495,000 | -89.6% | 0.1% |
| Northpointe Bank | $515,000 | $485,000 | -5.8% | 0.1% |
| Veritex Community Bank | $1,440,000 | $485,000 | -66.3% | 0.1% |
| Center National Bank | $475,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $125,000 | $470,000 | 276.0% | 0.1% |
| Colonial Savings, F.A. | $405,000 | $470,000 | 16.0% | 0.1% |
| GUILD MORTGAGE COMPANY | $1,330,000 | $470,000 | -64.7% | 0.1% |
| American Investors Bank and Mortgage | $465,000 | n/a | 0.1% | |
| LADERA LENDING, INC. | $450,000 | n/a | 0.1% | |
| Central Bank | $200,000 | $445,000 | 122.5% | 0.1% |
| INLANTA MORTGAGE, INC. | $445,000 | n/a | 0.1% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $435,000 | n/a | 0.1% | |
| LAND HOME FINANCIAL SERVICES, INC. | $275,000 | $405,000 | 47.3% | 0.0% |
| NOVATION CREDIT UNION | $315,000 | $405,000 | 28.6% | 0.0% |
| The Central Trust Bank | $395,000 | n/a | 0.0% | |
| Arvest Bank | $150,000 | $390,000 | 160.0% | 0.0% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $385,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $385,000 | n/a | 0.0% | |
| Anoka Hennepin Credit Union | $375,000 | n/a | 0.0% | |
| Nations Lending Corporation | $885,000 | $375,000 | -57.6% | 0.0% |
| WESTconsin Credit Union | $375,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $105,000 | $370,000 | 252.4% | 0.0% |
| The State Bank of Faribault | $165,000 | $370,000 | 124.2% | 0.0% |
| AMERICAN ADVISORS GROUP | $615,000 | $360,000 | -41.5% | 0.0% |
| Minnesota Valley Federal Credit Union | $1,080,000 | $355,000 | -67.1% | 0.0% |
| Neighborhood Loans, Inc. | $345,000 | n/a | 0.0% | |
| Midwest Bank | $755,000 | $335,000 | -55.6% | 0.0% |
| Heritage Bank | $985,000 | $330,000 | -66.5% | 0.0% |
| North American Savings Bank, F.S.B. | $1,270,000 | $330,000 | -74.0% | 0.0% |
| American National Bank | $515,000 | $325,000 | -36.9% | 0.0% |
| AMWEST FUNDING CORP. | $325,000 | n/a | 0.0% | |
| First PREMIER Bank | $325,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $475,000 | $315,000 | -33.7% | 0.0% |
| Centennial Bank | $295,000 | n/a | 0.0% | |
| Ixonia Bank | $425,000 | $295,000 | -30.6% | 0.0% |
| BNC National Bank | $380,000 | $285,000 | -25.0% | 0.0% |
| Flagship Banks Minnesota | $285,000 | n/a | 0.0% | |
| The First National Bank of Le Center | $285,000 | n/a | 0.0% | |
| United Fidelity Funding Corp. | $285,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $375,000 | $280,000 | -25.3% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $1,105,000 | $275,000 | -75.1% | 0.0% |
| ZILLOW HOME LOANS, LLC | $480,000 | $275,000 | -42.7% | 0.0% |
| Citadel Servicing Corporation | $265,000 | n/a | 0.0% | |
| Ally Bank | $260,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $255,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $255,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $245,000 | n/a | 0.0% | |
| First Federal Bank | $410,000 | $245,000 | -40.2% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $410,000 | $230,000 | -43.9% | 0.0% |
| Citizens Alliance Bank | $205,000 | $225,000 | 9.8% | 0.0% |
| GENISYS | $165,000 | $225,000 | 36.4% | 0.0% |
| MILEND, INC. | $1,650,000 | $215,000 | -87.0% | 0.0% |
| CANOPY MORTGAGE, LLC | $320,000 | $205,000 | -35.9% | 0.0% |
| First National Bank of Omaha | $1,160,000 | $205,000 | -82.3% | 0.0% |
| First Savings Bank | $695,000 | $205,000 | -70.5% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $370,000 | $205,000 | -44.6% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,515,000 | $195,000 | -87.1% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $2,705,000 | $195,000 | -92.8% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $185,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $185,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $185,000 | n/a | 0.0% | |
| Western National Bank | $55,000 | $185,000 | 236.4% | 0.0% |
| SHAREPOINT CREDIT UNION | $180,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $1,475,000 | $175,000 | -88.1% | 0.0% |
| Discover Bank | $95,000 | $170,000 | 78.9% | 0.0% |
| MANN FINANCIAL INC. | $275,000 | $170,000 | -38.2% | 0.0% |
| NORTHWOODS | $170,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $175,000 | $165,000 | -5.7% | 0.0% |
| Figure Lending LLC | $110,000 | $155,000 | 40.9% | 0.0% |
| Liberty Savings Bank, F.S.B. | $1,570,000 | $155,000 | -90.1% | 0.0% |
| NORTH STAR CREDIT UNION | $155,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $185,000 | $145,000 | -21.6% | 0.0% |
| Coulee Bank | $355,000 | $145,000 | -59.2% | 0.0% |
| CorTrust Bank | $140,000 | n/a | 0.0% | |
| Bankers Trust Company | $135,000 | n/a | 0.0% | |
| LENDINGHOME FUNDING CORPORATION | $135,000 | n/a | 0.0% | |
| Sunflower Bank | $135,000 | n/a | 0.0% | |
| Bank of the West | $125,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $235,000 | $125,000 | -46.8% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $115,000 | n/a | 0.0% | |
| First State Bank and Trust | $115,000 | n/a | 0.0% | |
| HealthCare Associates Credit Union | $115,000 | n/a | 0.0% | |
| St. Paul Federal Credit Union | $115,000 | n/a | 0.0% | |
| PNC Bank | $655,000 | $110,000 | -83.2% | 0.0% |
| 21ST MORTGAGE CORPORATION | $340,000 | $105,000 | -69.1% | 0.0% |
| LOANPAL, LLC | $165,000 | $105,000 | -36.4% | 0.0% |
| TOWER | $105,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $330,000 | $95,000 | -71.2% | 0.0% |
| Harbor Pointe Credit Union | $85,000 | n/a | 0.0% | |
| Heartland Credit Union | $85,000 | n/a | 0.0% | |
| Midwest Heritage Bank FSB | $2,070,000 | $75,000 | -96.4% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $75,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $245,000 | $65,000 | -73.5% | 0.0% |
| RESIDENTIAL BANCORP. | $55,000 | n/a | 0.0% | |
| ALTRA | $1,830,000 | $45,000 | -97.5% | 0.0% |
| MINNCO CREDIT UNION | $45,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $25,000 | n/a | 0.0% |
Brainerd's top lender by overall market share is U.S. Bank, with 6.6% market share. In second place, with 6.6%, is Bremer Bank, having originated $55,110,000 in loans. In third place, with 5.3%, is Deerwood Bank, having originated $44,305,000 in loans. In fourth place, with 4.0%, is QUICKEN LOANS, LLC, having originated $33,550,000 in loans. In fifth place, with 4.0%, is First Western Bank & Trust, having originated $33,185,000 in loans.
Brainerd Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Brainerd (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 | $257,625 (9.6%) | $391,210 (16.1%) | 0.00 | 633 |
| 2018-02-01 | $272,400 (9.4%) | $410,904 (12.7%) | 0.00 | 656 |
| 2018-03-01 | $284,950 (6.6%) | $411,869 (6.5%) | 0.00 | 751 |
| 2018-04-01 | $299,450 (7.0%) | $423,006 (8.6%) | 0.00 | 772 |
| 2018-05-01 | $299,900 (7.2%) | $417,687 (7.8%) | 0.00 | 858 |
| 2018-06-01 | $295,000 (3.5%) | $410,891 (6.0%) | 0.00 | 974 |
| 2018-07-01 | $292,500 (2.7%) | $414,853 (5.4%) | 0.00 | 1,024 |
| 2018-08-01 | $289,900 (3.6%) | $404,288 (3.0%) | 0.00 | 1,011 |
| 2018-09-01 | $289,900 (3.7%) | $416,742 (5.5%) | 0.00 | 968 |
| 2018-10-01 | $282,950 (1.4%) | $420,943 (1.9%) | 0.00 | 907 |
| 2018-11-01 | $276,000 (2.3%) | $410,459 (-0.1%) | 0.00 | 773 |
| 2018-12-01 | $265,400 (2.1%) | $413,979 (7.4%) | 0.00 | 623 |
| 2019-01-01 | $258,700 (0.4%) | $395,083 (1.0%) | 0.00 | 551 |
| 2019-02-01 | $272,675 (0.1%) | $412,197 (0.3%) | 0.00 | 561 |
| 2019-03-01 | $291,643 (2.4%) | $432,276 (5.0%) | 0.00 | 639 |
| 2019-04-01 | $299,900 (0.2%) | $446,447 (5.5%) | 0.00 | 744 |
| 2019-05-01 | $299,900 (0.0%) | $440,079 (5.4%) | 0.00 | 860 |
| 2019-06-01 | $299,000 (1.4%) | $426,626 (3.8%) | 0.00 | 952 |
| 2019-07-01 | $299,000 (2.2%) | $424,479 (2.3%) | 0.00 | 1,005 |
| 2019-08-01 | $297,173 (2.5%) | $417,956 (3.4%) | 0.00 | 995 |
| 2019-09-01 | $293,082 (1.1%) | $404,237 (-3.0%) | 0.00 | 948 |
| 2019-10-01 | $289,900 (2.5%) | $392,822 (-6.7%) | 0.00 | 905 |
| 2019-11-01 | $281,500 (2.0%) | $388,521 (-5.3%) | 0.00 | 758 |
| 2019-12-01 | $274,925 (3.6%) | $376,584 (-9.0%) | 0.00 | 596 |
| 2020-01-01 | $274,398 (6.1%) | $379,791 (-3.9%) | 0.00 | 484 |
| 2020-02-01 | $289,900 (6.3%) | $399,087 (-3.2%) | 0.00 | 518 |
| 2020-03-01 | $299,900 (2.8%) | $414,998 (-4.0%) | 0.00 | 562 |
| 2020-04-01 | $303,475 (1.2%) | $420,954 (-5.7%) | 0.00 | 611 |
| 2020-05-01 | $299,900 (0.0%) | $412,548 (-6.3%) | 0.00 | 658 |
| 2020-06-01 | $296,950 (-0.7%) | $410,159 (-3.9%) | 0.00 | 631 |
| 2020-07-01 | $295,750 (-1.1%) | $401,240 (-5.5%) | 0.00 | 567 |
| 2020-08-01 | $299,900 (0.9%) | $417,879 (0.0%) | 0.00 | 523 |
| 2020-09-01 | $309,000 (5.4%) | $430,116 (6.4%) | 0.00 | 458 |
| 2020-10-01 | $289,900 (0.0%) | $421,916 (7.4%) | 0.00 | 390 |
| 2020-11-01 | $299,900 (6.5%) | $434,104 (11.7%) | 0.00 | 319 |
| 2020-12-01 | $299,950 (9.1%) | $420,184 (11.6%) | 0.00 | 251 |
| 2021-01-01 | $300,200 (9.4%) | $409,481 (7.8%) | 0.00 | 198 |
| 2021-02-01 | $306,600 (5.8%) | $457,004 (14.5%) | 0.00 | 183 |
| 2021-03-01 | $327,950 (9.4%) | $481,993 (16.1%) | 0.00 | 187 |
| 2021-04-01 | $338,650 (11.6%) | $519,982 (23.5%) | 0.00 | 193 |
| 2021-05-01 | $349,900 (16.7%) | $504,705 (22.3%) | 0.00 | 213 |
| 2021-06-01 | $343,725 (15.8%) | $492,583 (20.1%) | 0.00 | 250 |
| 2021-07-01 | $350,000 (18.3%) | $517,951 (29.1%) | 0.00 | 294 |
| 2021-08-01 | $343,425 (14.5%) | $513,464 (22.9%) | 0.00 | 327 |
| 2021-09-01 | $360,175 (16.6%) | $526,121 (22.3%) | 0.00 | 359 |
| 2021-10-01 | $349,950 (20.7%) | $550,160 (30.4%) | 0.00 | 309 |
| 2021-11-01 | $349,950 (16.7%) | $532,735 (22.7%) | 0.00 | 224 |
| 2021-12-01 | $349,050 (16.4%) | $497,306 (18.4%) | 0.00 | 179 |
| 2022-01-01 | $359,900 (19.9%) | $514,324 (25.6%) | 0.00 | 136 |
| 2022-02-01 | $393,425 (28.3%) | $522,917 (14.4%) | 0.00 | 141 |
| 2022-03-01 | $437,450 (33.4%) | $582,991 (21.0%) | 0.00 | 153 |
| 2022-04-01 | $427,400 (26.2%) | $578,051 (11.2%) | 0.00 | 206 |
| 2022-05-01 | $422,325 (20.7%) | $597,203 (18.3%) | 0.00 | 227 |
| 2022-06-01 | $422,175 (22.8%) | $591,823 (20.2%) | 0.00 | 277 |
| 2022-07-01 | $425,000 (21.4%) | $621,491 (20.0%) | 0.00 | 346 |
| 2022-08-01 | $413,050 (20.3%) | $603,939 (17.6%) | 0.00 | 358 |
| 2022-09-01 | $413,839 (14.9%) | $583,394 (10.9%) | 0.00 | 352 |
| 2022-10-01 | $420,000 (20.0%) | $572,268 (4.0%) | 0.00 | 326 |
| 2022-11-01 | $414,900 (18.6%) | $577,257 (8.4%) | 0.00 | 279 |
| 2022-12-01 | $409,900 (17.4%) | $550,984 (10.8%) | 0.00 | 220 |
| 2023-01-01 | $403,175 (12.0%) | $526,471 (2.4%) | 0.00 | 183 |
| 2023-02-01 | $399,900 (1.7%) | $514,991 (-1.5%) | 0.00 | 192 |
Brainerd's median listing price for 2023-02-01 was $399,900, a difference of
$6,475
(1.7%) versus the prior year and
$-3,275 versus the prior month.
Brainerd's median listing price comes in at 0% of the national average.
Brainerd's average listing price for 2023-02-01 was $514,991, a difference of $-7,926 (-1.5%) versus the prior year and $-11,480 versus the prior month.
For the 2023-02-01 period, Brainerd had 192 MLS listings, a difference of 9 listings (5%) versus the prior month and 51 listings (36%) versus the prior year.
Brainerd's median listing price comes in at 0% of the national average.
Brainerd's average listing price for 2023-02-01 was $514,991, a difference of $-7,926 (-1.5%) versus the prior year and $-11,480 versus the prior month.
For the 2023-02-01 period, Brainerd had 192 MLS listings, a difference of 9 listings (5%) versus the prior month and 51 listings (36%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Brainerd (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,888 sqft |
| 2018-02-01 | 0 days | 1,939 sqft |
| 2018-03-01 | 0 days | 2,035 sqft |
| 2018-04-01 | 0 days | 2,063 sqft |
| 2018-05-01 | 0 days | 2,025 sqft |
| 2018-06-01 | 0 days | 2,000 sqft |
| 2018-07-01 | 0 days | 1,929 sqft |
| 2018-08-01 | 0 days | 1,850 sqft |
| 2018-09-01 | 0 days | 1,850 sqft |
| 2018-10-01 | 0 days | 1,851 sqft |
| 2018-11-01 | 0 days | 1,810 sqft |
| 2018-12-01 | 0 days | 1,779 sqft |
| 2019-01-01 | 0 days | 1,790 sqft |
| 2019-02-01 | 0 days | 1,849 sqft |
| 2019-03-01 | 0 days | 1,874 sqft |
| 2019-04-01 | 0 days | 1,896 sqft |
| 2019-05-01 | 0 days | 1,903 sqft |
| 2019-06-01 | 0 days | 1,914 sqft |
| 2019-07-01 | 0 days | 1,890 sqft |
| 2019-08-01 | 0 days | 1,882 sqft |
| 2019-09-01 | 0 days | 1,879 sqft |
| 2019-10-01 | 0 days | 1,875 sqft |
| 2019-11-01 | 0 days | 1,839 sqft |
| 2019-12-01 | 0 days | 1,808 sqft |
| 2020-01-01 | 0 days | 1,805 sqft |
| 2020-02-01 | 0 days | 1,858 sqft |
| 2020-03-01 | 0 days | 1,920 sqft |
| 2020-04-01 | 0 days | 1,924 sqft |
| 2020-05-01 | 0 days | 1,924 sqft |
| 2020-06-01 | 0 days | 1,916 sqft |
| 2020-07-01 | 0 days | 1,926 sqft |
| 2020-08-01 | 0 days | 1,908 sqft |
| 2020-09-01 | 0 days | 1,900 sqft |
| 2020-10-01 | 0 days | 1,878 sqft |
| 2020-11-01 | 0 days | 1,886 sqft |
| 2020-12-01 | 0 days | 1,791 sqft |
| 2021-01-01 | 0 days | 1,770 sqft |
| 2021-02-01 | 0 days | 1,814 sqft |
| 2021-03-01 | 0 days | 1,806 sqft |
| 2021-04-01 | 0 days | 1,746 sqft |
| 2021-05-01 | 0 days | 1,806 sqft |
| 2021-06-01 | 0 days | 1,794 sqft |
| 2021-07-01 | 0 days | 1,776 sqft |
| 2021-08-01 | 0 days | 1,796 sqft |
| 2021-09-01 | 0 days | 1,842 sqft |
| 2021-10-01 | 0 days | 1,866 sqft |
| 2021-11-01 | 0 days | 1,802 sqft |
| 2021-12-01 | 0 days | 1,789 sqft |
| 2022-01-01 | 0 days | 1,863 sqft |
| 2022-02-01 | 0 days | 2,058 sqft |
| 2022-03-01 | 0 days | 2,190 sqft |
| 2022-04-01 | 0 days | 2,251 sqft |
| 2022-05-01 | 0 days | 1,911 sqft |
| 2022-06-01 | 0 days | 1,964 sqft |
| 2022-07-01 | 0 days | 1,882 sqft |
| 2022-08-01 | 0 days | 1,873 sqft |
| 2022-09-01 | 0 days | 1,893 sqft |
| 2022-10-01 | 0 days | 1,939 sqft |
| 2022-11-01 | 0 days | 1,911 sqft |
| 2022-12-01 | 0 days | 1,872 sqft |
| 2023-01-01 | 0 days | 1,824 sqft |
| 2023-02-01 | 0 days | 1,844 sqft |
Brainerd's median listing age (time on market) for 2023-02-01 was 0 days.
Brainerd's median square footage for active listings during the 2023-02-01 period was 1,844 sqft. One year prior, the average listing was 2,058 sqft.
Brainerd's median square footage for active listings during the 2023-02-01 period was 1,844 sqft. One year prior, the average listing was 2,058 sqft.
Brainerd, MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,603 | $519,815,000 | $324,276 |
| Refi | 558 | $127,440,000 | $228,387 |
| Cash Out Refi | 502 | $122,670,000 | $244,363 |
| Other | 218 | $41,310,000 | $189,495 |
| Home Improvement | 191 | $23,465,000 | $122,853 |
Brainerd's most frequently cited loan purpose was Home Purchase, with 1,603 originations. The 2nd most popular reason was Refi, with 558 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 766 | $208,390,000 | $272,050 |
| 4-5% | 704 | $216,630,000 | $307,713 |
| 3-4% | 688 | $190,340,000 | $276,657 |
| 6-7% | 333 | $76,985,000 | $231,186 |
| 2.5-3% | 179 | $50,045,000 | $279,581 |
| <2.5% | 104 | $18,980,000 | $182,500 |
| 7-8% | 73 | $15,385,000 | $210,753 |
| Over 8% | 27 | $2,255,000 | $83,519 |
During 2022, Brainerd's most frequently originated rate bucket was 5-6%, with 766 originations.
Loan Sizing (Brainerd, MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,098 | $308,130,000 | $280,628 |
| $100k-200k | 871 | $132,115,000 | $151,682 |
| $100,000 or less | 578 | $32,020,000 | $55,398 |
| $400k-600k | 321 | $153,795,000 | $479,112 |
| $600k-1000k | 148 | $107,440,000 | $725,946 |
| $Over $1MM | 56 | $101,200,000 | $1,807,143 |
Brainerd's loan sizing saw the bucket of loans from $200k-400k with 1,098 originations, totaling $308,130,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 899 | $276,825,000 | $307,925 |
| 60-80% | 873 | $313,055,000 | $358,597 |
| 40-60% | 421 | $110,805,000 | $263,195 |
| Under 20% | 345 | $23,115,000 | $67,000 |
| 20-40% | 313 | $48,065,000 | $153,562 |
| Over 100% | 19 | $5,965,000 | $313,947 |
Brainerd's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 899 originations, totaling $276,825,000 in origination value.