Brainerd Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Brainerd averaged
6.01%
for the week of 2022-06-23, compared to the national average of
5.81% for the same period.
The average rate for the prior week (2022-06-16) was
5.58% and
one month ago for the week of 2022-05-19, the
average rate was 5.25%.
Brainerd's average rate one year ago was 3.04%.
For refis of the same type during the week of 2022-06-23, the average rate
was 6.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-23 | 5.81% |
| Brainerd 30 Year Fixed Rate | 2022-06-23 | 6.01% |
| Brainerd 30 Year Fixed Rate Refi | 2022-06-23 | 6.07% |
| Brainerd 15 Year Fixed Rate | 2022-06-23 | 5.1% |
| Brainerd 15 Year Fixed Rate Refi | 2022-06-23 | 5.31% |
| Brainerd 30 Year FHA | 2022-06-23 | 0.11% |
| Brainerd 30 Year FHA Refi | 2022-06-23 | 0.01% |
| Brainerd 30 Year USDA | 2022-06-23 | -0.13% |
| Brainerd 30 Year USDA Refi | 2022-06-23 | -0.14% |
| Brainerd 30 Year VA | 2022-06-23 | 0.23% |
| Brainerd 30 Year VA Refi | 2022-06-23 | -0.21% |
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 lendor, 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, MN's 222 lenders originated 5,692
loans during 2021. The total origination value was $1,407,030,000, with an average loan value of
$247,194.
The top Brainerd lender as defined by loan originations is U.S. Bank, with
181 loans originated. Their average total fees are
$3,468, which is $1,939
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Brainerd lenders (with over 10 loans originated) are
FREEDOM MORTGAGE CORPORATION ($1,368), Frandsen Bank & Trust ($2,683), Tradition Mortgage, LLC ($2,991), CENTRAL MINNESOTA Credit Union ($3,001) and Liberty Bank Minnesota ($3,048).
The lowest rate Brainerd lenders (with over 10 loans originated) are
TOPLINE FEDERAL CREDIT UNION (2.83%), Deerwood Bank (2.83%), First Western Bank & Trust (2.85%), AMERISAVE MORTGAGE CORPORATION (2.86%) and WINGS FINANCIAL (2.89%).
Brainerd, MN Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| U.S. Bank | $128,220,000 | $90,650,000 | -29.3% | 6.4% |
| QUICKEN LOANS, LLC | $65,115,000 | $78,525,000 | 20.6% | 5.6% |
| First Western Bank & Trust | $15,425,000 | $75,355,000 | 388.5% | 5.4% |
| Deerwood Bank | $73,180,000 | $64,560,000 | -11.8% | 4.6% |
| Wells Fargo Bank | $63,180,000 | $62,795,000 | -0.6% | 4.5% |
| Flagstar Bank, FSB | $37,260,000 | $60,320,000 | 61.9% | 4.3% |
| Bremer Bank | $62,130,000 | $50,725,000 | -18.4% | 3.6% |
| RiverWood Bank | $23,650,000 | $43,100,000 | 82.2% | 3.1% |
| Bell Bank | $40,650,000 | $40,600,000 | -0.1% | 2.9% |
| LOANDEPOT.COM, LLC | $17,055,000 | $39,575,000 | 132.0% | 2.8% |
| Merchants Bank | $24,850,000 | $37,640,000 | 51.5% | 2.7% |
| American National Bank of Minnesota | $25,985,000 | $28,455,000 | 9.5% | 2.0% |
| Frandsen Bank & Trust | $36,945,000 | $27,335,000 | -26.0% | 1.9% |
| AFFINITY PLUS | $24,745,000 | $27,210,000 | 10.0% | 1.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $19,590,000 | $25,790,000 | 31.6% | 1.8% |
| Tradition Mortgage, LLC | $31,940,000 | $23,135,000 | -27.6% | 1.6% |
| Goldwater Bank, N.A. | $5,645,000 | $20,765,000 | 267.8% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $11,455,000 | $20,145,000 | 75.9% | 1.4% |
| FREEDOM MORTGAGE CORPORATION | $15,980,000 | $18,480,000 | 15.6% | 1.3% |
| WINGS FINANCIAL | $37,360,000 | $16,755,000 | -55.2% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $11,435,000 | $16,590,000 | 45.1% | 1.2% |
| Alerus Financial | $17,145,000 | $16,275,000 | -5.1% | 1.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $12,120,000 | $15,885,000 | 31.1% | 1.1% |
| Servion, Inc. | $17,930,000 | $15,015,000 | -16.3% | 1.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $12,190,000 | $14,875,000 | 22.0% | 1.1% |
| Prosperity Home Mortgage, LLC | $14,405,000 | $14,825,000 | 2.9% | 1.1% |
| Mortgage Research Center, LLC | $8,515,000 | $13,220,000 | 55.3% | 0.9% |
| BROKER SOLUTIONS, INC. | $12,200,000 | $12,880,000 | 5.6% | 0.9% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $12,565,000 | $11,855,000 | -5.7% | 0.8% |
| Old National Bank | $5,650,000 | $11,000,000 | 94.7% | 0.8% |
| PLAZA HOME MORTGAGE, INC. | $8,275,000 | $10,805,000 | 30.6% | 0.8% |
| BAY EQUITY LLC | $5,745,000 | $9,170,000 | 59.6% | 0.7% |
| GUARANTEED RATE, INC. | $8,585,000 | $8,265,000 | -3.7% | 0.6% |
| Lend Smart Mortgage, LLC | $9,970,000 | $7,980,000 | -20.0% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $6,020,000 | $7,385,000 | 22.7% | 0.5% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $4,910,000 | $7,350,000 | 49.7% | 0.5% |
| American Mortgage & Equity Consultants, Inc. | $10,820,000 | $7,115,000 | -34.2% | 0.5% |
| Liberty Bank Minnesota | $7,975,000 | $7,085,000 | -11.2% | 0.5% |
| NEWREZ LLC | $3,180,000 | $7,070,000 | 122.3% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $5,755,000 | $6,990,000 | 21.5% | 0.5% |
| CALIBER HOME LOANS, INC. | $6,160,000 | $6,960,000 | 13.0% | 0.5% |
| JPMorgan Chase Bank | $10,945,000 | $6,890,000 | -37.0% | 0.5% |
| MEMBERS COOPERATIVE | $4,590,000 | $6,710,000 | 46.2% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $4,595,000 | $6,610,000 | 43.9% | 0.5% |
| Bank Forward | $10,690,000 | $6,035,000 | -43.5% | 0.4% |
| Mortgages Unlimited Inc. | $7,410,000 | $5,240,000 | -29.3% | 0.4% |
| KS StateBank | $6,800,000 | $5,225,000 | -23.2% | 0.4% |
| HIWAY | $5,040,000 | $4,795,000 | -4.9% | 0.3% |
| City National Bank | $610,000 | $4,760,000 | 680.3% | 0.3% |
| Associated Bank | $4,070,000 | $4,600,000 | 13.0% | 0.3% |
| BETTER MORTGAGE CORPORATION | $4,545,000 | n/a | 0.3% | |
| TOPLINE FEDERAL CREDIT UNION | $2,205,000 | $3,990,000 | 81.0% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $2,860,000 | $3,970,000 | 38.8% | 0.3% |
| Summit Mortgage Corporation | $7,270,000 | $3,960,000 | -45.5% | 0.3% |
| Morgan Stanley Private Bank | $6,295,000 | $3,905,000 | -38.0% | 0.3% |
| Stifel Bank and Trust | $1,800,000 | $3,900,000 | 116.7% | 0.3% |
| CENTRAL MINNESOTA Credit Union | $2,550,000 | $3,845,000 | 50.8% | 0.3% |
| First International Bank & Trust | $1,540,000 | $3,790,000 | 146.1% | 0.3% |
| EVERETT FINANCIAL, INC. | $21,645,000 | $3,730,000 | -82.8% | 0.3% |
| The Huntington National Bank | $1,570,000 | $3,630,000 | 131.2% | 0.3% |
| Sherburne State Bank | $3,955,000 | $3,470,000 | -12.3% | 0.2% |
| COMPEER FINANCIAL, FLCA | $5,010,000 | $3,410,000 | -31.9% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $5,080,000 | $3,400,000 | -33.1% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $5,235,000 | $3,315,000 | -36.7% | 0.2% |
| Plains Commerce Bank | $1,320,000 | $3,260,000 | 147.0% | 0.2% |
| Think Mutual Bank | $5,095,000 | $3,225,000 | -36.7% | 0.2% |
| Lake Area Bank | $4,220,000 | $3,195,000 | -24.3% | 0.2% |
| SPIRE Credit Union | $3,155,000 | $3,155,000 | 0.0% | 0.2% |
| Cambria Financial Group, LLC | $7,690,000 | $3,125,000 | -59.4% | 0.2% |
| THRIVENT Federal Credit Union | $665,000 | $3,125,000 | 369.9% | 0.2% |
| Truist Bank | $635,000 | $3,110,000 | 389.8% | 0.2% |
| Home Federal Savings Bank | $230,000 | $3,085,000 | 1,241.3% | 0.2% |
| NEW DAY FINANCIAL, LLC | $4,290,000 | $2,995,000 | -30.2% | 0.2% |
| CORTRUST MORTGAGE, INC. | $4,000,000 | $2,905,000 | -27.4% | 0.2% |
| Baxter Credit Union | $1,805,000 | $2,900,000 | 60.7% | 0.2% |
| Charles Schwab Bank, SSB | $155,000 | $2,875,000 | 1,754.8% | 0.2% |
| CMG MORTGAGE, INC. | $4,270,000 | $2,785,000 | -34.8% | 0.2% |
| TCF National Bank | $6,340,000 | $2,780,000 | -56.2% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $9,025,000 | $2,705,000 | -70.0% | 0.2% |
| Bank of America | $5,460,000 | $2,685,000 | -50.8% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,125,000 | $2,645,000 | 135.1% | 0.2% |
| BankVista | $3,000,000 | $2,595,000 | -13.5% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,240,000 | $2,585,000 | 108.5% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,275,000 | $2,550,000 | 12.1% | 0.2% |
| USAA Federal Savings Bank | $5,130,000 | $2,485,000 | -51.6% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $785,000 | $2,475,000 | 215.3% | 0.2% |
| AMERICAN FINANCING CORPORATION | $705,000 | $2,400,000 | 240.4% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $3,635,000 | $2,340,000 | -35.6% | 0.2% |
| RESULTS MORTGAGE, LLC | $2,935,000 | $2,340,000 | -20.3% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $5,195,000 | $2,310,000 | -55.5% | 0.2% |
| Northview Bank | $4,625,000 | $2,290,000 | -50.5% | 0.2% |
| National Bank of Commerce | $2,395,000 | $2,215,000 | -7.5% | 0.2% |
| TOWNE MORTGAGE COMPANY | $5,625,000 | $2,130,000 | -62.1% | 0.2% |
| Waterstone Mortgage Corporation | $1,390,000 | $2,130,000 | 53.2% | 0.2% |
| The Nodaway Valley Bank | $3,105,000 | $2,105,000 | -32.2% | 0.1% |
| EMBRACE HOME LOANS, INC. | $355,000 | $2,075,000 | 484.5% | 0.1% |
| Midwest Heritage Bank FSB | $2,070,000 | n/a | 0.1% | |
| MidWestOne Bank | $2,820,000 | $2,030,000 | -28.0% | 0.1% |
| UBS Bank USA | $1,805,000 | $2,020,000 | 11.9% | 0.1% |
| ST. CLOUD FINANCIAL | $895,000 | $1,990,000 | 122.3% | 0.1% |
| First Bank & Trust | $1,145,000 | $1,985,000 | 73.4% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $2,150,000 | $1,955,000 | -9.1% | 0.1% |
| First Guaranty Mortgage Corporation | $735,000 | $1,905,000 | 159.2% | 0.1% |
| Royal Credit Union | $1,995,000 | $1,865,000 | -6.5% | 0.1% |
| ALTRA | $485,000 | $1,830,000 | 277.3% | 0.1% |
| KELLER MORTGAGE, LLC | $3,780,000 | $1,810,000 | -52.1% | 0.1% |
| Carrington Mortgage Services, LLC | $1,465,000 | $1,665,000 | 13.7% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,370,000 | $1,660,000 | 21.2% | 0.1% |
| MILEND, INC. | $275,000 | $1,650,000 | 500.0% | 0.1% |
| Choice Financial Group | $1,965,000 | $1,645,000 | -16.3% | 0.1% |
| AXIA FINANCIAL, LLC | $2,310,000 | $1,640,000 | -29.0% | 0.1% |
| Chicago Mortgage Solutions LLC | $95,000 | $1,605,000 | 1,589.5% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $610,000 | $1,590,000 | 160.7% | 0.1% |
| Liberty Savings Bank, F.S.B. | $1,660,000 | $1,570,000 | -5.4% | 0.1% |
| Gate City Bank | $3,360,000 | $1,550,000 | -53.9% | 0.1% |
| Bank of England | $2,365,000 | $1,530,000 | -35.3% | 0.1% |
| Hometown Lenders, Inc. | $1,520,000 | n/a | 0.1% | |
| AMERICAN INTERNET MORTGAGE, INC. | $915,000 | $1,515,000 | 65.6% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $2,645,000 | $1,515,000 | -42.7% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $1,535,000 | $1,475,000 | -3.9% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $350,000 | $1,465,000 | 318.6% | 0.1% |
| FirstBank | $1,035,000 | $1,460,000 | 41.1% | 0.1% |
| Veritex Community Bank | $1,440,000 | n/a | 0.1% | |
| Strong Home Mortgage, LLC | $1,145,000 | $1,395,000 | 21.8% | 0.1% |
| First Resource Bank | $1,380,000 | n/a | 0.1% | |
| Alliance Bank | $3,085,000 | $1,360,000 | -55.9% | 0.1% |
| American Federal Bank | $2,135,000 | $1,355,000 | -36.5% | 0.1% |
| Citizens Bank Minnesota | $815,000 | $1,345,000 | 65.0% | 0.1% |
| GUILD MORTGAGE COMPANY | $350,000 | $1,330,000 | 280.0% | 0.1% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,160,000 | $1,325,000 | 14.2% | 0.1% |
| IOWA BANKERS MORTGAGE CORPORATION | $1,780,000 | $1,325,000 | -25.6% | 0.1% |
| North American Savings Bank, F.S.B. | $875,000 | $1,270,000 | 45.1% | 0.1% |
| NBKC BANK | $1,405,000 | $1,255,000 | -10.7% | 0.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,085,000 | $1,245,000 | 14.7% | 0.1% |
| ENVOY MORTGAGE, LTD | $2,685,000 | $1,205,000 | -55.1% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,695,000 | $1,185,000 | -30.1% | 0.1% |
| Roundbank | $3,700,000 | $1,180,000 | -68.1% | 0.1% |
| STEARNS LENDING, LLC | $105,000 | $1,170,000 | 1,014.3% | 0.1% |
| First National Bank of Omaha | $330,000 | $1,160,000 | 251.5% | 0.1% |
| The Federal Savings Bank | $1,135,000 | $1,135,000 | 0.0% | 0.1% |
| American Bank of the North | $785,000 | $1,130,000 | 43.9% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,270,000 | $1,130,000 | -50.2% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,120,000 | n/a | 0.1% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $1,140,000 | $1,105,000 | -3.1% | 0.1% |
| Minnesota Valley Federal Credit Union | $1,195,000 | $1,080,000 | -9.6% | 0.1% |
| SOUTHPOINT FINANCIAL | $595,000 | $1,075,000 | 80.7% | 0.1% |
| MEGASTAR FINANCIAL CORP. | $3,900,000 | $1,060,000 | -72.8% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $565,000 | $1,035,000 | 83.2% | 0.1% |
| Charter Bank | $1,000,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $1,000,000 | n/a | 0.1% | |
| Heritage Bank | $2,090,000 | $985,000 | -52.9% | 0.1% |
| Sentry Bank | $1,145,000 | $945,000 | -17.5% | 0.1% |
| VALLEY MORTGAGE, INC. | $1,065,000 | $920,000 | -13.6% | 0.1% |
| Minnwest Bank | $890,000 | n/a | 0.1% | |
| Nations Lending Corporation | $570,000 | $885,000 | 55.3% | 0.1% |
| BMO Harris Bank | $1,025,000 | $860,000 | -16.1% | 0.1% |
| First Horizon Bank | $855,000 | n/a | 0.1% | |
| IDEAL | $1,365,000 | $850,000 | -37.7% | 0.1% |
| The First National Bank in Sioux Falls | $850,000 | n/a | 0.1% | |
| BNY Mellon | $835,000 | n/a | 0.1% | |
| Citizens Bank | $1,715,000 | $810,000 | -52.8% | 0.1% |
| Cornerstone State Bank | $280,000 | $795,000 | 183.9% | 0.1% |
| HOMESTEAD FUNDING CORP. | $430,000 | $785,000 | 82.6% | 0.1% |
| Midwest Bank | $755,000 | n/a | 0.1% | |
| CELEBRITY HOME LOANS, LLC | $750,000 | n/a | 0.1% | |
| HomeTown Bank | $1,950,000 | $735,000 | -62.3% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $720,000 | n/a | 0.1% | |
| COMPASS MORTGAGE, INC. | $1,290,000 | $700,000 | -45.7% | 0.0% |
| First Savings Bank | $460,000 | $695,000 | 51.1% | 0.0% |
| UNIVERSAL LENDING CORPORATION | $1,440,000 | $675,000 | -53.1% | 0.0% |
| SPRING EQ, LLC | $75,000 | $665,000 | 786.7% | 0.0% |
| PNC Bank | $290,000 | $655,000 | 125.9% | 0.0% |
| SOFI LENDING CORP. | $360,000 | $655,000 | 81.9% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $275,000 | $650,000 | 136.4% | 0.0% |
| InterContinental Capital Group, Inc | $640,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $510,000 | $635,000 | 24.5% | 0.0% |
| AMERICAN ADVISORS GROUP | $1,145,000 | $615,000 | -46.3% | 0.0% |
| North Shore Bank of Commerce | $205,000 | $600,000 | 192.7% | 0.0% |
| Merchants Bank of Indiana | $595,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $780,000 | $595,000 | -23.7% | 0.0% |
| Woodlands National Bank | $1,205,000 | $585,000 | -51.5% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $625,000 | $560,000 | -10.4% | 0.0% |
| MY Credit Union | $85,000 | $560,000 | 558.8% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $285,000 | $545,000 | 91.2% | 0.0% |
| First National Community Bank | $915,000 | $545,000 | -40.4% | 0.0% |
| Patriot Bank | $545,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $725,000 | $545,000 | -24.8% | 0.0% |
| West Gate Bank | $545,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $1,205,000 | $540,000 | -55.2% | 0.0% |
| Citibank | $4,040,000 | $535,000 | -86.8% | 0.0% |
| First Home Bank | $520,000 | n/a | 0.0% | |
| American National Bank | $840,000 | $515,000 | -38.7% | 0.0% |
| Northpointe Bank | $350,000 | $515,000 | 47.1% | 0.0% |
| South Metro Federal Credit Union | $515,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $735,000 | $500,000 | -32.0% | 0.0% |
| Grand River Bank | $495,000 | n/a | 0.0% | |
| KeyBank | $205,000 | $495,000 | 141.5% | 0.0% |
| Peoples Bank | $485,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $480,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $945,000 | $480,000 | -49.2% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $475,000 | n/a | 0.0% | |
| Ixonia Bank | $415,000 | $425,000 | 2.4% | 0.0% |
| Pinnacle Bank | $420,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $415,000 | n/a | 0.0% | |
| First Federal Bank | $595,000 | $410,000 | -31.1% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $430,000 | $410,000 | -4.7% | 0.0% |
| Colonial Savings, F.A. | $405,000 | n/a | 0.0% | |
| Great Southern Bank | $640,000 | $405,000 | -36.7% | 0.0% |
| Northwest Bank | $200,000 | $405,000 | 102.5% | 0.0% |
| UNITED MORTGAGE CORP. | $405,000 | n/a | 0.0% | |
| CIBC Bank USA | $395,000 | n/a | 0.0% | |
| BOKF | $385,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $385,000 | n/a | 0.0% | |
| BNC National Bank | $380,000 | n/a | 0.0% | |
| AMCAP MORTGAGE, LTD. | $375,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $420,000 | $375,000 | -10.7% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $430,000 | $370,000 | -14.0% | 0.0% |
| Amerifirst Financial, Inc. | $675,000 | $365,000 | -45.9% | 0.0% |
| Loan Simple, Inc. | $365,000 | n/a | 0.0% | |
| Bankers' Bank | $355,000 | n/a | 0.0% | |
| Coulee Bank | $600,000 | $355,000 | -40.8% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $315,000 | $355,000 | 12.7% | 0.0% |
| FIRST TECHNOLOGY | $355,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $305,000 | $345,000 | 13.1% | 0.0% |
| LENDERFI, INC. | $345,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $340,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $340,000 | n/a | 0.0% | |
| RELIANCE FIRST CAPITAL, LLC | $135,000 | $330,000 | 144.4% | 0.0% |
| CITY-COUNTY CREDIT UNION | $95,000 | $325,000 | 242.1% | 0.0% |
| Western State Bank | $325,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $320,000 | n/a | 0.0% | |
| Farmers & Merchants Savings Bank | $1,375,000 | $320,000 | -76.7% | 0.0% |
| FAY SERVICING, LLC | $315,000 | n/a | 0.0% | |
| GNB Bank | $315,000 | n/a | 0.0% | |
| NOVATION CREDIT UNION | $315,000 | n/a | 0.0% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $310,000 | n/a | 0.0% | |
| Bridgewater Bank | $11,580,000 | $310,000 | -97.3% | 0.0% |
| Citizens Community Federal | $1,285,000 | $310,000 | -75.9% | 0.0% |
| FEDEX EMPLOYEES CREDIT ASSOCIATION | $305,000 | n/a | 0.0% | |
| CBI Bank & Trust | $295,000 | n/a | 0.0% | |
| Cf Bank | $165,000 | $295,000 | 78.8% | 0.0% |
| Bank Midwest | $765,000 | $285,000 | -62.7% | 0.0% |
| Florida Capital Bank | $1,080,000 | $285,000 | -73.6% | 0.0% |
| NASA Federal Credit Union | $285,000 | n/a | 0.0% | |
| West Town Bank & Trust | $285,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $275,000 | n/a | 0.0% | |
| LOANFLIGHT LENDING, LLC | $275,000 | n/a | 0.0% | |
| MANN FINANCIAL INC. | $560,000 | $275,000 | -50.9% | 0.0% |
| First National Bank | $265,000 | n/a | 0.0% | |
| PARKSIDE LENDING, LLC | $285,000 | $265,000 | -7.0% | 0.0% |
| ARC HOME LLC | $255,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $255,000 | n/a | 0.0% | |
| Johnson Bank | $255,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $250,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $245,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| PLUS RELOCATION MORTGAGE, LLC | $285,000 | $235,000 | -17.5% | 0.0% |
| Starion Bank | $300,000 | $235,000 | -21.7% | 0.0% |
| Providence Bank & Trust | $225,000 | n/a | 0.0% | |
| Citizens Alliance Bank | $1,000,000 | $205,000 | -79.5% | 0.0% |
| DATA MORTGAGE, INC. | $245,000 | $205,000 | -16.3% | 0.0% |
| EMM LOANS LLC | $145,000 | $205,000 | 41.4% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $165,000 | $205,000 | 24.2% | 0.0% |
| Central Bank | $515,000 | $200,000 | -61.2% | 0.0% |
| ACCELERATE MORTGAGE, LLC | $185,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $320,000 | $185,000 | -42.2% | 0.0% |
| Austin Capital Bank SSB | $185,000 | n/a | 0.0% | |
| Springfield First Community Bank | $185,000 | n/a | 0.0% | |
| Arbor Bank | $175,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $185,000 | $175,000 | -5.4% | 0.0% |
| TruHome Solutions, LLC | $275,000 | $175,000 | -36.4% | 0.0% |
| WNB Financial, N.A. | $680,000 | $175,000 | -74.3% | 0.0% |
| GENISYS | $165,000 | n/a | 0.0% | |
| LOANPAL, LLC | $165,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $165,000 | n/a | 0.0% | |
| The State Bank of Faribault | $835,000 | $165,000 | -80.2% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $155,000 | n/a | 0.0% | |
| Lake Elmo Bank | $470,000 | $155,000 | -67.0% | 0.0% |
| REVERSE MORTGAGE FUNDING LLC | $460,000 | $155,000 | -66.3% | 0.0% |
| Star Choice Credit Union | $765,000 | $155,000 | -79.7% | 0.0% |
| Arvest Bank | $150,000 | n/a | 0.0% | |
| Unity Bank | $165,000 | $150,000 | -9.1% | 0.0% |
| American State Bank | $400,000 | $145,000 | -63.8% | 0.0% |
| Bay Bank | $145,000 | n/a | 0.0% | |
| PARTNERSHIP FINANCIAL | $145,000 | n/a | 0.0% | |
| PURDUE FEDERAL CREDIT UNION | $145,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $225,000 | $125,000 | -44.4% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| American Heritage National Bank | $2,285,000 | $115,000 | -95.0% | 0.0% |
| ASHLAND Credit Union | $115,000 | n/a | 0.0% | |
| Core Bank | $115,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $115,000 | n/a | 0.0% | |
| Figure Lending LLC | $15,000 | $110,000 | 633.3% | 0.0% |
| BANKWEST, INC. | $70,000 | $105,000 | 50.0% | 0.0% |
| FIRST COMMUNITY CREDIT UNION | $650,000 | $105,000 | -83.8% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $105,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $105,000 | $105,000 | 0.0% | 0.0% |
| Discover Bank | $220,000 | $95,000 | -56.8% | 0.0% |
| GREAT RIVER FEDERAL CREDIT UNION | $175,000 | $95,000 | -45.7% | 0.0% |
| Centier Bank | $75,000 | $75,000 | 0.0% | 0.0% |
| ALLIANT | $65,000 | n/a | 0.0% | |
| DELTA COMMUNITY CREDIT UNION | $65,000 | n/a | 0.0% | |
| Community Resource Bank | $225,000 | $55,000 | -75.6% | 0.0% |
| Western National Bank | $370,000 | $55,000 | -85.1% | 0.0% |
Brainerd's top lender by overall market share is U.S. Bank, with 6.4% market share. In second place, with 5.6%, is QUICKEN LOANS, LLC, having originated $78,525,000 in loans. In third place, with 5.4%, is First Western Bank & Trust, having originated $75,355,000 in loans. In third place, with 4.6%, is Deerwood Bank, having originated $64,560,000 in loans. In third place, with 4.5%, is Wells Fargo Bank, having originated $62,795,000 in loans.
Brainerd, MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 2,121 | $498,635,000 | $235,094 |
| Home Purchase | 2,039 | $577,755,000 | $283,352 |
| Cash Out Refi | 1,255 | $286,515,000 | $228,299 |
| Other | 174 | $32,570,000 | $187,184 |
| Home Improvement | 103 | $11,555,000 | $112,184 |
Brainerd's most frequently cited loan purpose was Refi, with 2,121 originations. The 2nd most popular reason was Home Purchase, with 2,039 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 2,239 | $580,695,000 | $259,355 |
| 3-4% | 1,629 | $419,935,000 | $257,787 |
| <2.5% | 1,212 | $278,480,000 | $229,769 |
| 4-5% | 204 | $32,410,000 | $158,873 |
| 5-6% | 43 | $3,665,000 | $85,233 |
| 6-7% | 13 | $1,135,000 | $87,308 |
| 7-8% | 5 | $235,000 | $47,000 |
| Over 8% | 4 | $100,000 | $25,000 |
During 2021, Brainerd's most frequently originated rate bucket was 2.5-3%, with 2,239 originations.
Loan Sizing (Brainerd, MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,165 | $595,545,000 | $275,079 |
| $100k-200k | 2,138 | $322,960,000 | $151,057 |
| $100,000 or less | 659 | $43,325,000 | $65,744 |
| $400k-600k | 526 | $252,160,000 | $479,392 |
| $600k-1000k | 147 | $111,395,000 | $757,789 |
| $Over $1MM | 57 | $81,645,000 | $1,432,368 |
Brainerd's loan sizing saw the bucket of loans from $200k-400k with 2,165 originations, totaling $595,545,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 1,962 | $567,950,000 | $289,475 |
| 80-100% | 1,489 | $390,845,000 | $262,488 |
| 40-60% | 1,066 | $242,210,000 | $227,214 |
| 20-40% | 486 | $71,820,000 | $147,778 |
| Under 20% | 199 | $12,615,000 | $63,392 |
| Over 100% | 28 | $7,460,000 | $266,429 |
Brainerd's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 1,962 originations, totaling $567,950,000 in origination value.
Market Conditions (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 | $259,950 (11.2%) | $388,921 (14.6%) | 0.00 | 643 |
| 2018-02-01 | $271,450 (9.7%) | $409,104 (11.4%) | 0.00 | 662 |
| 2018-03-01 | $284,000 (6.2%) | $405,627 (4.1%) | 0.00 | 773 |
| 2018-04-01 | $299,166 (4.6%) | $417,417 (6.7%) | 0.00 | 796 |
| 2018-05-01 | $299,000 (4.4%) | $422,250 (8.1%) | 0.00 | 890 |
| 2018-06-01 | $289,900 (0.0%) | $408,707 (4.3%) | 0.00 | 1,004 |
| 2018-07-01 | $291,500 (2.3%) | $416,277 (5.8%) | 0.00 | 1,056 |
| 2018-08-01 | $289,950 (3.6%) | $408,126 (4.1%) | 0.00 | 1,037 |
| 2018-09-01 | $289,000 (3.4%) | $417,890 (6.3%) | 0.00 | 1,003 |
| 2018-10-01 | $281,200 (0.7%) | $422,585 (3.0%) | 0.00 | 935 |
| 2018-11-01 | $275,000 (1.9%) | $416,434 (2.0%) | 0.00 | 797 |
| 2018-12-01 | $265,800 (2.2%) | $419,389 (9.8%) | 0.00 | 643 |
| 2019-01-01 | $255,000 (-1.9%) | $399,421 (2.7%) | 0.00 | 562 |
| 2019-02-01 | $272,450 (0.4%) | $416,027 (1.7%) | 0.00 | 572 |
| 2019-03-01 | $293,671 (3.4%) | $436,538 (7.6%) | 0.00 | 652 |
| 2019-04-01 | $299,900 (0.3%) | $448,270 (7.4%) | 0.00 | 762 |
| 2019-05-01 | $304,450 (1.8%) | $445,730 (5.6%) | 0.00 | 872 |
| 2019-06-01 | $299,900 (3.5%) | $429,258 (5.0%) | 0.00 | 967 |
| 2019-07-01 | $299,900 (2.9%) | $429,241 (3.1%) | 0.00 | 1,009 |
| 2019-08-01 | $299,900 (3.4%) | $422,545 (3.5%) | 0.00 | 1,002 |
| 2019-09-01 | $297,450 (2.9%) | $407,251 (-2.6%) | 0.00 | 968 |
| 2019-10-01 | $295,000 (4.9%) | $398,608 (-5.7%) | 0.00 | 914 |
| 2019-11-01 | $289,500 (5.3%) | $397,341 (-4.6%) | 0.00 | 763 |
| 2019-12-01 | $279,700 (5.2%) | $385,396 (-8.1%) | 0.00 | 600 |
| 2020-01-01 | $274,950 (7.8%) | $384,793 (-3.7%) | 0.00 | 486 |
| 2020-02-01 | $295,000 (8.3%) | $403,841 (-2.9%) | 0.00 | 523 |
| 2020-03-01 | $299,950 (2.1%) | $418,480 (-4.1%) | 0.00 | 564 |
| 2020-04-01 | $308,000 (2.7%) | $424,737 (-5.3%) | 0.00 | 620 |
| 2020-05-01 | $299,900 (-1.5%) | $415,943 (-6.7%) | 0.00 | 668 |
| 2020-06-01 | $299,450 (-0.2%) | $414,531 (-3.4%) | 0.00 | 639 |
| 2020-07-01 | $298,500 (-0.5%) | $407,226 (-5.1%) | 0.00 | 562 |
| 2020-08-01 | $300,000 (0.0%) | $431,408 (2.1%) | 0.00 | 514 |
| 2020-09-01 | $309,950 (4.2%) | $449,687 (10.4%) | 0.00 | 453 |
| 2020-10-01 | $289,900 (-1.7%) | $437,940 (9.9%) | 0.00 | 386 |
| 2020-11-01 | $299,900 (3.6%) | $451,269 (13.6%) | 0.00 | 319 |
| 2020-12-01 | $299,900 (7.2%) | $430,650 (11.7%) | 0.00 | 256 |
| 2021-01-01 | $289,900 (5.4%) | $416,745 (8.3%) | 0.00 | 202 |
| 2021-02-01 | $301,950 (2.4%) | $465,680 (15.3%) | 0.00 | 187 |
| 2021-03-01 | $315,500 (5.2%) | $490,454 (17.2%) | 0.00 | 196 |
| 2021-04-01 | $327,000 (6.2%) | $528,023 (24.3%) | 0.00 | 200 |
| 2021-05-01 | $349,900 (16.7%) | $525,053 (26.2%) | 0.00 | 213 |
| 2021-06-01 | $349,900 (16.9%) | $504,320 (21.7%) | 0.00 | 248 |
| 2021-07-01 | $354,004 (18.6%) | $514,017 (26.2%) | 0.00 | 274 |
| 2021-08-01 | $341,950 (14.0%) | $516,055 (19.6%) | 0.00 | 321 |
| 2021-09-01 | $359,450 (16.0%) | $529,740 (17.8%) | 0.00 | 351 |
| 2021-10-01 | $349,900 (20.7%) | $547,346 (25.0%) | 0.00 | 311 |
| 2021-11-01 | $348,250 (16.1%) | $529,808 (17.4%) | 0.00 | 233 |
| 2021-12-01 | $346,950 (15.7%) | $496,678 (15.3%) | 0.00 | 183 |
| 2022-01-01 | $350,000 (20.7%) | $495,321 (18.9%) | 0.00 | 141 |
| 2022-02-01 | $377,450 (25.0%) | $514,337 (10.5%) | 0.00 | 231 |
| 2022-03-01 | $405,450 (28.5%) | $557,787 (13.7%) | 0.00 | 250 |
| 2022-04-01 | $419,900 (28.4%) | $579,450 (9.7%) | 0.00 | 266 |
| 2022-05-01 | $416,200 (19.0%) | $595,572 (13.4%) | 0.00 | 234 |
Brainerd's median listing price for 2022-05-01 was $416,200, a difference of
$66,300
(19.0%) versus the prior year and
$-3,700 versus the prior month.
Brainerd's median listing price comes in at 0% of the national average.
Brainerd's average listing price for 2022-05-01 was $595,572, a difference of $70,519 (13.4%) versus the prior year and $16,122 versus the prior month.
For the 2022-05-01 period, Brainerd had 234 MLS listings, a difference of -32 listings (-12%) versus the prior month and 21 listings (10%) versus the prior year.
Brainerd's median listing price comes in at 0% of the national average.
Brainerd's average listing price for 2022-05-01 was $595,572, a difference of $70,519 (13.4%) versus the prior year and $16,122 versus the prior month.
For the 2022-05-01 period, Brainerd had 234 MLS listings, a difference of -32 listings (-12%) versus the prior month and 21 listings (10%) 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 | 1,889 sqft |
| 2018-02-01 | 0 days | 1,943 sqft |
| 2018-03-01 | 0 days | 2,032 sqft |
| 2018-04-01 | 0 days | 2,064 sqft |
| 2018-05-01 | 0 days | 2,015 sqft |
| 2018-06-01 | 0 days | 1,981 sqft |
| 2018-07-01 | 0 days | 1,925 sqft |
| 2018-08-01 | 0 days | 1,849 sqft |
| 2018-09-01 | 0 days | 1,840 sqft |
| 2018-10-01 | 0 days | 1,846 sqft |
| 2018-11-01 | 0 days | 1,800 sqft |
| 2018-12-01 | 0 days | 1,751 sqft |
| 2019-01-01 | 0 days | 1,780 sqft |
| 2019-02-01 | 0 days | 1,849 sqft |
| 2019-03-01 | 0 days | 1,874 sqft |
| 2019-04-01 | 0 days | 1,898 sqft |
| 2019-05-01 | 0 days | 1,904 sqft |
| 2019-06-01 | 0 days | 1,920 sqft |
| 2019-07-01 | 0 days | 1,901 sqft |
| 2019-08-01 | 0 days | 1,879 sqft |
| 2019-09-01 | 0 days | 1,862 sqft |
| 2019-10-01 | 0 days | 1,880 sqft |
| 2019-11-01 | 0 days | 1,848 sqft |
| 2019-12-01 | 0 days | 1,819 sqft |
| 2020-01-01 | 0 days | 1,800 sqft |
| 2020-02-01 | 0 days | 1,858 sqft |
| 2020-03-01 | 0 days | 1,910 sqft |
| 2020-04-01 | 0 days | 1,922 sqft |
| 2020-05-01 | 0 days | 1,911 sqft |
| 2020-06-01 | 0 days | 1,920 sqft |
| 2020-07-01 | 0 days | 1,926 sqft |
| 2020-08-01 | 0 days | 1,920 sqft |
| 2020-09-01 | 0 days | 1,925 sqft |
| 2020-10-01 | 0 days | 1,914 sqft |
| 2020-11-01 | 0 days | 1,874 sqft |
| 2020-12-01 | 0 days | 1,758 sqft |
| 2021-01-01 | 0 days | 1,738 sqft |
| 2021-02-01 | 0 days | 1,754 sqft |
| 2021-03-01 | 0 days | 1,733 sqft |
| 2021-04-01 | 0 days | 1,728 sqft |
| 2021-05-01 | 0 days | 1,780 sqft |
| 2021-06-01 | 0 days | 1,806 sqft |
| 2021-07-01 | 0 days | 1,784 sqft |
| 2021-08-01 | 0 days | 1,784 sqft |
| 2021-09-01 | 0 days | 1,837 sqft |
| 2021-10-01 | 0 days | 1,866 sqft |
| 2021-11-01 | 0 days | 1,782 sqft |
| 2021-12-01 | 0 days | 1,779 sqft |
| 2022-01-01 | 0 days | 1,776 sqft |
| 2022-02-01 | 0 days | 1,848 sqft |
| 2022-03-01 | 0 days | 2,008 sqft |
| 2022-04-01 | 0 days | 2,104 sqft |
| 2022-05-01 | 0 days | 1,912 sqft |
Brainerd's median listing age (time on market) for 2022-05-01 was 0 days.
Brainerd's median square footage for active listings during the 2022-05-01 period was 1,912 sqft. One year prior, the average listing was 1,780 sqft.
Brainerd's median square footage for active listings during the 2022-05-01 period was 1,912 sqft. One year prior, the average listing was 1,780 sqft.
