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 7.21% for the week of 2024-05-09, compared to the national average of 7.09% for the same period.

The average rate for the prior week (2024-05-02) was 7.04% and one month ago for the week of 2024-04-04, the average rate was 6.74%.

Brainerd's average rate one year ago was 6.31%.

For refis of the same type during the week of 2024-05-09, the average rate was 7.13%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-09 7.09%
Brainerd 30 Year Fixed Rate 2024-05-09 7.21%
Brainerd 30 Year Fixed Rate Refi 2024-05-09 7.13%
Brainerd 15 Year Fixed Rate 2024-05-09 6.38%
Brainerd 15 Year Fixed Rate Refi 2024-05-09 6.38%
Brainerd 30 Year FHA 2024-05-09 6.75%
Brainerd 30 Year FHA Refi 2024-05-09 6.79%
Brainerd 30 Year USDA 2024-05-09 6.89%
Brainerd 30 Year USDA Refi 2024-05-09 6.89%
Brainerd 30 Year VA 2024-05-09 6.78%
Brainerd 30 Year VA Refi 2024-05-09 6.69%
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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
LOANDEPOT.COM, LLC 59 6.97% $7,976
First Western Bank & Trust 58 6.12% $3,871
Flagstar Bank, FSB 47 6.78% $5,901
U.S. Bank 36 6.49% $5,634
QUICKEN LOANS, LLC 35 7.01% $7,534
Merchants Bank 33 6.84% $4,819
WINGS FINANCIAL 32 6.05% $3,548
Bremer Bank 27 6.56% $6,411
UNITED WHOLESALE MORTGAGE, LLC 25 6.95% $8,141
Bell Bank 25 7.12% $6,653
Deerwood Bank 23 6.82% $5,416
CROSSCOUNTRY MORTGAGE, LLC 23 7.24% $7,086
Frandsen Bank & Trust 21 6.75% $6,071
Tradition Mortgage, LLC 20 6.53% $4,563
American Mortgage & Equity Consultants, Inc. 19 6.81% $8,508
Wells Fargo Bank 18 7.13% $6,320
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 7.21% $6,915
RiverWood Bank 14 6.94% $5,902
Servion, Inc. 13 6.90% $5,239
PENNYMAC LOAN SERVICES, LLC 11 6.64% $8,003
GUARANTEED RATE, INC. 10 6.74% $5,664
Prosperity Home Mortgage, LLC 10 7.19% $5,604
BROKER SOLUTIONS, INC. 9 7.52% $5,560
MEMBERS COOPERATIVE 9 6.75% $4,431
Goldwater Bank, N.A. 8 6.52% $5,724
Summit Mortgage Corporation 8 7.34% $7,073
AFFINITY PLUS 7 6.88% $4,881
Mr. Cooper ( Nationstar Mortgage ) 6 6.96% $9,428
CENTRAL MINNESOTA Credit Union 6 6.71% $3,486
The Huntington National Bank 6 6.88% $4,666
ST. CLOUD FINANCIAL 5 6.63% $9,258
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.72% $6,677
Minnwest Bank 5 6.70% $5,826
COMPEER FINANCIAL, FLCA 5 7.60% $4,730
First International Bank & Trust 5 7.23% $2,794
Alerus Financial 5 6.28% $3,438
PLAZA HOME MORTGAGE, INC. 5 6.62% $6,969
SPIRE Credit Union 5 6.73% $4,388
AMERISAVE MORTGAGE CORPORATION 4 7.00% $7,965
NEWREZ LLC 4 6.84% $7,569
NBKC BANK 4 6.50% $3,719
Armed Forces Bank 4 6.59% $4,448
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 4 6.90% $7,010
EVERETT FINANCIAL, INC. 4 7.19% $6,100
Morgan Stanley Private Bank 3 6.27% $3,801
Mortgage Research Center, LLC 3 6.92% $4,198
MOVEMENT MORTGAGE, LLC 3 6.99% $12,262
Stifel Bank and Trust 3 6.75% $3,369
CITY-COUNTY CREDIT UNION 3 7.58% $5,229
Royal Credit Union 3 6.75% $1,781
HIWAY 3 6.17% $4,074
BAY EQUITY LLC 3 6.41% $4,944
MEGASTAR FINANCIAL CORP. 3 7.29% $11,087
AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.38% $8,847
Baxter Credit Union 3 6.42% $3,701
Florida Capital Bank 3 6.33% $8,196
Associated Bank 3 7.08% $4,272
Bank Forward 3 6.67% $3,986
ZILLOW HOME LOANS, LLC 2 6.69% $3,923
BMO Harris Bank 2 6.88% $6,929
NAVY FEDERAL CREDIT UNION 2 6.56% $4,152
NexBank 2 7.75% $11,539
Heritage Bank 2 6.69% $3,498
Paramount Bank 2 7.50% $4,724
PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.13% $5,416
IOWA BANKERS MORTGAGE CORPORATION 2 6.50% $7,566
Deere Employees Credit Union 2 5.94% $3,519
JPMorgan Chase Bank 2 6.44% $3,767
CMG MORTGAGE, INC. 2 6.37% $6,911
Liberty Bank Minnesota 2 7.00% $2,361
First Dakota National Bank 2 7.19% $6,121
Gate City Bank 2 4.88% $8,243
MASON MCDUFFIE MORTGAGE CORPORATION 2 7.81% $11,155
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.87% $5,031
Think Mutual Bank 2 6.31% $4,681
THRIVENT Federal Credit Union 2 6.31% $8,103
UBS Bank USA 2 5.81% $6,124
UNION HOME MORTGAGE CORP. 2 6.44% $6,810
MidWestOne Bank 2 7.06% $7,500
BNY Mellon 2 5.56% $4,885
Citibank 2 6.19% $4,643
Choice Financial Group 2 6.19% $9,431
American National Bank 1 6.38% $4,613
VALLEY FINANCIAL CREDIT UNION 1 7.63% $4,905
VERIDIAN CREDIT UNION 1 6.75% $5,533
Waterstone Mortgage Corporation 1 7.13% $14,201
American Bank Center 1 7.50% $4,781
Mortgages Unlimited Inc. 1 6.25% $6,287
Colonial Savings, F.A. 1 7.13% $7,811
CORTRUST MORTGAGE, INC. 1 6.75% $4,700
CRESCENT MORTGAGE COMPANY 1 6.50% $4,886
CHERRY CREEK MORTGAGE, LLC 1 6.25% $764
Century Mortgage Company DBA Century Lending Company 1 5.88% $7,538
Discover Bank 1 6.24% $0
Dollar Bank, Federal Savings Bank 1 6.75% $7,392
DRAPER AND KRAMER MORTGAGE CORP. 1 7.63% $11,499
EMBRACE HOME LOANS, INC. 1 6.13% $4,257
ENVOY MORTGAGE, LTD 1 6.88% $5,395
Carrington Mortgage Services, LLC 1 5.75% $5,321
Farmers Bank & Trust 1 5.50% $7,001
First Bank & Trust 1 6.25% $4,674
First Savings Bank 1 7.50% $3,073
Cambria Financial Group, LLC 1 7.50% $6,687
First Western Trust Bank 1 6.63% $7,508
CALCON MUTUAL MORTGAGE LLC 1 6.63% $11,893
BOKF 1 7.13% $5,875
FREEDOM MORTGAGE CORPORATION 1 6.38% $15,746
Great Southern Bank 1 7.38% $11,570
GUILD MORTGAGE COMPANY 1 6.38% $5,841
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 8.25% $3,983
INTERCAP LENDING INC. 1 8.00% $19,388
Johnson Bank 1 7.20% $3,228
LAKEVIEW LOAN SERVICING, LLC 1 6.63% $6,823
LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $5,858
BAYSHORE MORTGAGE FUNDING, LLC 1 6.88% $10,734
MANN FINANCIAL INC. 1 6.25% $5,456
MILEND, INC. 1 6.88% $8,987
Barrington Bank & Trust Company, N.A. 1 7.49% $5,553
National Bank of Commerce 1 7.25% $5,268
NATIONS RELIABLE LENDING, LLC 1 7.38% $5,880
Nicolet National Bank 1 7.50% $3,468
Northview Bank 1 6.50% $4,718
Old National Bank 1 8.63% $6,163
Paramount Residential Mortgage Group, Inc. 1 7.88% $10,723
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $5,374
PROPER RATE, LLC 1 6.99% $3,443
AXIA FINANCIAL, LLC 1 7.50% $9,360
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $5,786
Raymond James Bank 1 6.00% $3,854
Regent Financial Group, Inc. 1 6.50% $7,323
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.50% $16,768
SHAREPOINT CREDIT UNION 1 6.38% $4,264
SWBC MORTGAGE CORPORATION 1 5.63% $4,327
TOPLINE FEDERAL CREDIT UNION 1 6.00% $7,100
TOWN AND COUNTRY Credit Union 1 6.88% $5,458
TRUWEST Credit Union 1 7.00% $3,475
Union Savings Bank 1 5.75% $26,379
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.75% $5,138
USAA Federal Savings Bank 1 5.88% $6,690

Brainerd Average Closing Costs & Other Stats

Brainerd, MN's 139 lenders originated 2,089 loans during 2023. The total origination value was $513,125,000, with an average loan value of $245,632.

Brainerd's average closing costs are $4,824.

The top Brainerd lender as defined by loan originations is LOANDEPOT.COM, LLC, with 59 loans originated. Their average total fees are $7,976, which is $4,105 higher than the next largest lender, First Western Bank & Trust.

The lowest fee Brainerd lenders (with over 10 loans originated) are WINGS FINANCIAL ($3,548), First Western Bank & Trust ($3,871), Tradition Mortgage, LLC ($4,563), Merchants Bank ($4,819) and Servion, Inc. ($5,239).

The lowest rate Brainerd lenders (with over 10 loans originated) are WINGS FINANCIAL (6.05%), First Western Bank & Trust (6.12%), U.S. Bank (6.49%), Tradition Mortgage, LLC (6.53%) and Bremer Bank (6.56%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Deerwood Bank $44,305,000 $35,370,000 -20.2% 6.9%
First Western Bank & Trust $33,185,000 $26,995,000 -18.7% 5.3%
LOANDEPOT.COM, LLC $32,185,000 $23,925,000 -25.7% 4.7%
U.S. Bank $55,265,000 $23,865,000 -56.8% 4.7%
Flagstar Bank, FSB $29,735,000 $17,900,000 -39.8% 3.5%
RiverWood Bank $28,715,000 $17,065,000 -40.6% 3.3%
Bremer Bank $55,110,000 $16,545,000 -70.0% 3.2%
QUICKEN LOANS, LLC $33,550,000 $15,385,000 -54.1% 3.0%
Bell Bank $24,710,000 $15,335,000 -37.9% 3.0%
Frandsen Bank & Trust $20,630,000 $14,935,000 -27.6% 2.9%
UNITED WHOLESALE MORTGAGE, LLC $16,485,000 $12,805,000 -22.3% 2.5%
WINGS FINANCIAL $16,455,000 $12,690,000 -22.9% 2.5%
American National Bank of Minnesota $27,505,000 $11,240,000 -59.1% 2.2%
Merchants Bank $8,440,000 $10,590,000 25.5% 2.1%
Wells Fargo Bank $23,545,000 $10,010,000 -57.5% 2.0%
American Mortgage & Equity Consultants, Inc. $4,455,000 $9,700,000 117.7% 1.9%
CROSSCOUNTRY MORTGAGE, LLC $10,330,000 $9,105,000 -11.9% 1.8%
AFFINITY PLUS $12,635,000 $8,995,000 -28.8% 1.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,795,000 $8,075,000 3.6% 1.6%
PENNYMAC LOAN SERVICES, LLC $6,875,000 $6,740,000 -2.0% 1.3%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $12,290,000 $6,280,000 -48.9% 1.2%
Tradition Mortgage, LLC $13,490,000 $5,325,000 -60.5% 1.0%
Prosperity Home Mortgage, LLC $6,360,000 $5,035,000 -20.8% 1.0%
Servion, Inc. $4,450,000 $4,955,000 11.3% 1.0%
Mortgage Research Center, LLC $7,485,000 $4,760,000 -36.4% 0.9%
First International Bank & Trust $2,135,000 $3,955,000 85.2% 0.8%
NBKC BANK $3,940,000 n/a 0.8%
BROKER SOLUTIONS, INC. $7,640,000 $3,445,000 -54.9% 0.7%
Summit Mortgage Corporation $1,995,000 $3,325,000 66.7% 0.6%
ST. CLOUD FINANCIAL $1,095,000 $3,245,000 196.3% 0.6%
Bank Forward $3,270,000 $3,210,000 -1.8% 0.6%
PLAZA HOME MORTGAGE, INC. $10,170,000 $3,170,000 -68.8% 0.6%
Goldwater Bank, N.A. $11,795,000 $3,130,000 -73.5% 0.6%
UBS Bank USA $4,360,000 $2,970,000 -31.9% 0.6%
MEMBERS COOPERATIVE $5,025,000 $2,945,000 -41.4% 0.6%
BMO Harris Bank $1,970,000 $2,725,000 38.3% 0.5%
The Huntington National Bank $3,665,000 $2,575,000 -29.7% 0.5%
HIWAY $2,395,000 $2,515,000 5.0% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $5,710,000 $2,390,000 -58.1% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $5,235,000 $2,380,000 -54.5% 0.5%
BNY Mellon $1,005,000 $2,360,000 134.8% 0.5%
Minnwest Bank $575,000 $2,310,000 301.7% 0.5%
GUARANTEED RATE, INC. $6,630,000 $2,290,000 -65.5% 0.4%
AMERISAVE MORTGAGE CORPORATION $2,540,000 $2,270,000 -10.6% 0.4%
NAVY FEDERAL CREDIT UNION $2,870,000 $2,155,000 -24.9% 0.4%
Armed Forces Bank $2,605,000 $2,115,000 -18.8% 0.4%
Liberty Bank Minnesota $2,180,000 $2,085,000 -4.4% 0.4%
Florida Capital Bank $2,065,000 n/a 0.4%
Think Mutual Bank $2,880,000 $2,035,000 -29.3% 0.4%
COMPEER FINANCIAL, FLCA $3,135,000 $2,005,000 -36.0% 0.4%
MOVEMENT MORTGAGE, LLC $1,460,000 $1,950,000 33.6% 0.4%
Morgan Stanley Private Bank $1,500,000 $1,945,000 29.7% 0.4%
Associated Bank $8,010,000 $1,895,000 -76.3% 0.4%
Alerus Financial $11,895,000 $1,810,000 -84.8% 0.4%
Sterling State Bank $1,810,000 n/a 0.4%
Royal Credit Union $5,735,000 $1,790,000 -68.8% 0.3%
Citibank $1,780,000 n/a 0.3%
SPIRE Credit Union $1,515,000 $1,735,000 14.5% 0.3%
CENTRAL MINNESOTA Credit Union $1,575,000 $1,725,000 9.5% 0.3%
VERIDIAN CREDIT UNION $720,000 $1,725,000 139.6% 0.3%
CMG MORTGAGE, INC. $1,615,000 $1,620,000 0.3% 0.3%
EVERETT FINANCIAL, INC. $5,105,000 $1,595,000 -68.8% 0.3%
The First National Bank in Sioux Falls $615,000 $1,565,000 154.5% 0.3%
Choice Financial Group $2,465,000 $1,560,000 -36.7% 0.3%
American Heritage National Bank $1,955,000 $1,550,000 -20.7% 0.3%
National Bank of Commerce $1,530,000 $1,540,000 0.7% 0.3%
Northview Bank $2,670,000 $1,535,000 -42.5% 0.3%
NEWREZ LLC $1,020,000 $1,510,000 48.0% 0.3%
Baxter Credit Union $1,945,000 $1,485,000 -23.7% 0.3%
Bridgewater Bank $1,790,000 $1,460,000 -18.4% 0.3%
FREEDOM MORTGAGE CORPORATION $1,890,000 $1,430,000 -24.3% 0.3%
NexBank $1,410,000 n/a 0.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,330,000 $1,345,000 1.1% 0.3%
First Bank & Trust $635,000 $1,345,000 111.8% 0.3%
Citizens Bank Minnesota $880,000 $1,330,000 51.1% 0.3%
Stifel Bank and Trust $1,630,000 $1,290,000 -20.9% 0.3%
Bank of America $1,115,000 $1,285,000 15.2% 0.3%
Union Savings Bank $1,285,000 n/a 0.3%
MidWestOne Bank $1,705,000 $1,165,000 -31.7% 0.2%
CITY-COUNTY CREDIT UNION $495,000 $1,140,000 130.3% 0.2%
Falcon National Bank $1,095,000 n/a 0.2%
USAA Federal Savings Bank $2,105,000 $1,090,000 -48.2% 0.2%
MEGASTAR FINANCIAL CORP. $920,000 $1,085,000 17.9% 0.2%
Sherburne State Bank $1,860,000 $1,085,000 -41.7% 0.2%
BOKF $1,045,000 n/a 0.2%
MANN FINANCIAL INC. $170,000 $1,045,000 514.7% 0.2%
CORTRUST MORTGAGE, INC. $1,685,000 $1,035,000 -38.6% 0.2%
MASON MCDUFFIE MORTGAGE CORPORATION $1,030,000 n/a 0.2%
TOPLINE FEDERAL CREDIT UNION $3,675,000 $1,020,000 -72.2% 0.2%
Tradition Capital Bank $3,845,000 $1,005,000 -73.9% 0.2%
Discover Bank $170,000 $1,000,000 488.2% 0.2%
Deere Employees Credit Union $995,000 n/a 0.2%
Gate City Bank $920,000 $930,000 1.1% 0.2%
IOWA BANKERS MORTGAGE CORPORATION $1,280,000 $930,000 -27.3% 0.2%
Sentry Bank $1,320,000 $905,000 -31.4% 0.2%
THRIVENT Federal Credit Union $655,000 $900,000 37.4% 0.2%
North American Banking Company $865,000 n/a 0.2%
Dollar Bank, Federal Savings Bank $855,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $2,740,000 $835,000 -69.5% 0.2%
TOWN AND COUNTRY Credit Union $830,000 n/a 0.2%
BankVista $1,385,000 $820,000 -40.8% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $1,015,000 $805,000 -20.7% 0.2%
St. Paul Federal Credit Union $115,000 $790,000 587.0% 0.2%
First Dakota National Bank $770,000 n/a 0.2%
First National Bank of Elk River $760,000 n/a 0.1%
PNC Bank $110,000 $755,000 586.4% 0.1%
Unity Bank $1,295,000 $750,000 -42.1% 0.1%
Minnesota Power Employees Credit Union $740,000 n/a 0.1%
Charles Schwab Bank, SSB $3,070,000 $725,000 -76.4% 0.1%
INTERCAP LENDING INC. $725,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $710,000 n/a 0.1%
Neighborhood National Bank $2,000,000 $700,000 -65.0% 0.1%
Lakeview Bank $690,000 n/a 0.1%
SHAREPOINT CREDIT UNION $180,000 $680,000 277.8% 0.1%
The Federal Savings Bank $2,030,000 $680,000 -66.5% 0.1%
Raymond James Bank $625,000 n/a 0.1%
Paramount Bank $620,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $275,000 $615,000 123.6% 0.1%
CARDINAL FINANCIAL $1,635,000 $610,000 -62.7% 0.1%
BAY EQUITY LLC $4,180,000 $605,000 -85.5% 0.1%
ENVOY MORTGAGE, LTD $605,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $530,000 n/a 0.1%
Regent Financial Group, Inc. $520,000 n/a 0.1%
Northwestern Bank $505,000 n/a 0.1%
Great Southern Bank $495,000 n/a 0.1%
First Bank $485,000 n/a 0.1%
JPMorgan Chase Bank $9,130,000 $485,000 -94.7% 0.1%
V.I.P. MORTGAGE, INC. $485,000 n/a 0.1%
Bank of England $565,000 $470,000 -16.8% 0.1%
First PREMIER Bank $325,000 $460,000 41.5% 0.1%
Old National Bank $1,915,000 $450,000 -76.5% 0.1%
Figure Lending LLC $155,000 $440,000 183.9% 0.1%
Farmers Bank & Trust $435,000 n/a 0.1%
21ST MORTGAGE CORPORATION $105,000 $420,000 300.0% 0.1%
CRESCENT MORTGAGE COMPANY $1,490,000 $420,000 -71.8% 0.1%
HomeTown Bank $655,000 $420,000 -35.9% 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $420,000 n/a 0.1%
Foresight Bank $415,000 n/a 0.1%
First Internet Bank of Indiana $405,000 n/a 0.1%
Plains Commerce Bank $885,000 $395,000 -55.4% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,880,000 $385,000 -79.5% 0.1%
Lend Smart Mortgage, LLC $1,340,000 $385,000 -71.3% 0.1%
SOUTHPOINT FINANCIAL $385,000 n/a 0.1%
Lake Central Bank $380,000 n/a 0.1%
Carrington Mortgage Services, LLC $1,275,000 $375,000 -70.6% 0.1%
Heritage Bank $330,000 $375,000 13.6% 0.1%
Waterstone Mortgage Corporation $1,355,000 $375,000 -72.3% 0.1%
VALLEY FINANCIAL CREDIT UNION $365,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $280,000 $355,000 26.8% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $345,000 n/a 0.1%
CNB Bank $345,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $645,000 $345,000 -46.5% 0.1%
Century Mortgage Company DBA Century Lending Company $115,000 $335,000 191.3% 0.1%
Third Federal Savings and Loan Association of Cleveland $330,000 n/a 0.1%
American Bank Center $315,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $435,000 $315,000 -27.6% 0.1%
First Savings Bank $205,000 $315,000 53.7% 0.1%
Mortgages Unlimited Inc. $870,000 $315,000 -63.8% 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,610,000 $310,000 -80.7% 0.1%
American National Bank $325,000 $305,000 -6.2% 0.1%
EMBRACE HOME LOANS, INC. $305,000 n/a 0.1%
HOMEOWNERS FINANCIAL GROUP USA, LLC $1,015,000 $305,000 -70.0% 0.1%
Johnson Bank $305,000 n/a 0.1%
Northpointe Bank $485,000 $305,000 -37.1% 0.1%
Woodlands National Bank $1,165,000 $305,000 -73.8% 0.1%
HOMESIDE FINANCIAL, LLC $295,000 n/a 0.1%
Community Development Bank, FSB $290,000 n/a 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $285,000 n/a 0.1%
Castle Rock Bank $285,000 n/a 0.1%
MILEND, INC. $215,000 $280,000 30.2% 0.1%
CALCON MUTUAL MORTGAGE LLC $245,000 $275,000 12.2% 0.1%
CHERRY CREEK MORTGAGE, LLC $790,000 $275,000 -65.2% 0.1%
GUILD MORTGAGE COMPANY $470,000 $275,000 -41.5% 0.1%
LAND HOME FINANCIAL SERVICES, INC. $405,000 $275,000 -32.1% 0.1%
Village Bank $275,000 n/a 0.1%
CorTrust Bank $140,000 $265,000 89.3% 0.1%
TRUWEST Credit Union $265,000 n/a 0.1%
PROPER RATE, LLC $255,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $255,000 n/a 0.0%
Lake Elmo Bank $1,080,000 $245,000 -77.3% 0.0%
The State Bank of Faribault $370,000 $245,000 -33.8% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $570,000 $235,000 -58.8% 0.0%
AXIA FINANCIAL, LLC $920,000 $235,000 -74.5% 0.0%
Citizens Alliance Bank $225,000 $235,000 4.4% 0.0%
First Western Trust Bank $235,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $235,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $230,000 $235,000 2.2% 0.0%
The Bank of Elk River $1,775,000 $225,000 -87.3% 0.0%
TOP FLITE FINANCIAL, INC. $215,000 n/a 0.0%
Barrington Bank & Trust Company, N.A. $1,195,000 $205,000 -82.8% 0.0%
M&T Bank $205,000 n/a 0.0%
Two Harbors Federal Credit Union $205,000 n/a 0.0%
MINNCO CREDIT UNION $45,000 $200,000 344.4% 0.0%
21st Century Bank $185,000 n/a 0.0%
Colonial Savings, F.A. $470,000 $185,000 -60.6% 0.0%
First State Bank and Trust $115,000 $185,000 60.9% 0.0%
American Federal Bank $1,085,000 $175,000 -83.9% 0.0%
Cambria Financial Group, LLC $2,980,000 $165,000 -94.5% 0.0%
Nicolet National Bank $165,000 n/a 0.0%
Bank Midwest $515,000 $155,000 -69.9% 0.0%
Drake Bank $155,000 n/a 0.0%
Park State Bank $155,000 n/a 0.0%
Citizens Bank $550,000 $140,000 -74.5% 0.0%
Connexus Credit Union $140,000 n/a 0.0%
Pioneer Bank $140,000 n/a 0.0%
Freeport State Bank $135,000 n/a 0.0%
Premier Bank $135,000 n/a 0.0%
LENDINGHOME FUNDING CORPORATION $135,000 $125,000 -7.4% 0.0%
CAPITAL CREDIT UNION $105,000 n/a 0.0%
Citadel Servicing Corporation $265,000 $105,000 -60.4% 0.0%
OPEN MORTGAGE, LLC $105,000 n/a 0.0%
SWBC MORTGAGE CORPORATION $105,000 n/a 0.0%
Associated Healthcare Credit Union $100,000 n/a 0.0%
Coastal Community Bank $85,000 n/a 0.0%
SPRING EQ, LLC $85,000 n/a 0.0%
ASHLAND Credit Union $75,000 n/a 0.0%
First State Bank of Wyoming $75,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $2,280,000 $75,000 -96.7% 0.0%
Highland Bank $65,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $65,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $1,425,000 $55,000 -96.1% 0.0%
Anoka Hennepin Credit Union $375,000 $55,000 -85.3% 0.0%
GTE Federal Credit Union $55,000 n/a 0.0%
GREAT RIVER FEDERAL CREDIT UNION $45,000 n/a 0.0%
INOVA FEDERAL CREDIT UNION $35,000 n/a 0.0%
MID AMERICA MORTGAGE, INC. $125,000 $35,000 -72.0% 0.0%
TRIAD FINANCIAL SERVICES, INC. $25,000 $35,000 40.0% 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
IDEAL $1,030,000 $15,000 -98.5% 0.0%

Brainerd's top lender by overall market share is Deerwood Bank, with 6.9% market share. In second place, with 5.3%, is First Western Bank & Trust, having originated $26,995,000 in loans. In third place, with 4.7%, is LOANDEPOT.COM, LLC, having originated $23,925,000 in loans. In fourth place, with 4.7%, is U.S. Bank, having originated $23,865,000 in loans. In fifth place, with 3.5%, is Flagstar Bank, FSB, having originated $17,900,000 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%) $391,653 (16.2%) 0.00 632
2018-02-01 $272,450 (9.4%) $411,629 (12.9%) 0.00 654
2018-03-01 $285,000 (6.6%) $412,532 (6.7%) 0.00 750
2018-04-01 $299,450 (7.0%) $423,194 (8.6%) 0.00 771
2018-05-01 $299,900 (7.2%) $417,777 (7.9%) 0.00 857
2018-06-01 $295,000 (3.5%) $411,052 (6.0%) 0.00 973
2018-07-01 $292,500 (2.7%) $414,881 (5.4%) 0.00 1,022
2018-08-01 $289,900 (3.6%) $404,305 (3.0%) 0.00 1,009
2018-09-01 $289,900 (3.6%) $416,622 (5.5%) 0.00 967
2018-10-01 $282,325 (1.2%) $420,952 (1.9%) 0.00 905
2018-11-01 $275,000 (1.9%) $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 (0.9%) 0.00 551
2019-02-01 $272,675 (0.1%) $412,197 (0.1%) 0.00 561
2019-03-01 $291,643 (2.3%) $432,276 (4.8%) 0.00 638
2019-04-01 $299,900 (0.2%) $446,447 (5.5%) 0.00 744
2019-05-01 $299,900 (0.0%) $440,079 (5.3%) 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 (2.7%) $392,822 (-6.7%) 0.00 905
2019-11-01 $281,500 (2.4%) $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%) $410,360 (-3.8%) 0.00 631
2020-07-01 $295,750 (-1.1%) $402,406 (-5.2%) 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 (20.0%) 0.00 250
2021-07-01 $350,000 (18.3%) $517,951 (28.7%) 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
2023-03-01 $409,950 (-6.3%) $567,146 (-2.7%) 0.00 187
2023-04-01 $429,900 (0.6%) $625,359 (8.2%) 0.00 211
2023-05-01 $444,450 (5.2%) $653,191 (9.4%) 0.00 269
2023-06-01 $432,400 (2.4%) $619,827 (4.7%) 0.00 315
2023-07-01 $420,000 (-1.2%) $583,756 (-6.1%) 0.00 365
2023-08-01 $405,863 (-1.7%) $582,217 (-3.6%) 0.00 372
2023-09-01 $399,900 (-3.4%) $564,674 (-3.2%) 0.00 404
2023-10-01 $400,000 (-4.8%) $545,424 (-4.7%) 0.00 398
2023-11-01 $414,138 (-0.2%) $513,313 (-11.1%) 0.00 342
2023-12-01 $399,000 (-2.7%) $485,983 (-11.8%) 0.00 279
2024-01-01 $407,450 (1.1%) $529,669 (0.6%) 0.00 252
2024-02-01 $418,650 (4.7%) $556,687 (8.1%) 0.00 255
2024-03-01 $449,900 (9.8%) $614,780 (8.4%) 0.00 294
2024-04-01 $454,950 (5.8%) $629,834 (0.7%) 0.00 323
Brainerd's median listing price for 2024-04-01 was $454,950, a difference of $25,050 (5.8%) versus the prior year and $5,050 versus the prior month.

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

Brainerd's average listing price for 2024-04-01 was $629,834, a difference of $4,475 (0.7%) versus the prior year and $15,054 versus the prior month.

For the 2024-04-01 period, Brainerd had 323 MLS listings, a difference of 29 listings (10%) versus the prior month and 112 listings (53%) 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 1,892 sqft
2018-02-01 0 days 1,941 sqft
2018-03-01 0 days 2,038 sqft
2018-04-01 0 days 2,065 sqft
2018-05-01 0 days 2,026 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 1,894 sqft
2019-05-01 0 days 1,902 sqft
2019-06-01 0 days 1,914 sqft
2019-07-01 0 days 1,885 sqft
2019-08-01 0 days 1,879 sqft
2019-09-01 0 days 1,877 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 1,920 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 1,791 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 1,921 sqft
2022-06-01 0 days 1,970 sqft
2022-07-01 0 days 1,884 sqft
2022-08-01 0 days 1,876 sqft
2022-09-01 0 days 1,895 sqft
2022-10-01 0 days 1,939 sqft
2022-11-01 0 days 1,913 sqft
2022-12-01 0 days 1,887 sqft
2023-01-01 0 days 1,826 sqft
2023-02-01 0 days 1,845 sqft
2023-03-01 0 days 1,940 sqft
2023-04-01 0 days 2,028 sqft
2023-05-01 0 days 2,017 sqft
2023-06-01 0 days 1,869 sqft
2023-07-01 0 days 1,879 sqft
2023-08-01 0 days 1,869 sqft
2023-09-01 0 days 1,873 sqft
2023-10-01 0 days 1,860 sqft
2023-11-01 0 days 1,898 sqft
2023-12-01 0 days 1,831 sqft
2024-01-01 0 days 1,852 sqft
2024-02-01 0 days 1,801 sqft
2024-03-01 0 days 1,872 sqft
2024-04-01 0 days 1,962 sqft
Brainerd's median listing age (time on market) for 2024-04-01 was 0 days.

Brainerd's median square footage for active listings during the 2024-04-01 period was 1,962 sqft. One year prior, the average listing was 2,028 sqft.

Brainerd, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,258 $380,380,000 $302,369
Home Improvement 241 $24,275,000 $100,726
Other 226 $28,360,000 $125,487
Refi 188 $42,490,000 $226,011
Cash Out Refi 176 $37,620,000 $213,750

Brainerd's most frequently cited loan purpose was Home Purchase, with 1,258 originations. The 2nd most popular reason was Home Improvement, with 241 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 724 $193,940,000 $267,873
7-8% 548 $138,340,000 $252,445
5-6% 314 $94,270,000 $300,223
Over 8% 295 $43,035,000 $145,881
4-5% 31 $7,475,000 $241,129
<2.5% 19 $385,000 $20,263
3-4% 4 $1,050,000 $262,500
2.5-3% 3 $625,000 $208,333

During 2023, Brainerd's most frequently originated rate bucket was 6-7%, with 724 originations.

Loan Sizing (Brainerd, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 706 $196,140,000 $277,819
$100k-200k 534 $80,280,000 $150,337
$100,000 or less 517 $26,225,000 $50,725
$400k-600k 194 $91,640,000 $472,371
$600k-1000k 107 $77,125,000 $720,794
$Over $1MM 31 $41,715,000 $1,345,645

Brainerd's loan sizing saw the bucket of loans from $200k-400k with 706 originations, totaling $196,140,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 609 $184,695,000 $303,276
60-80% 464 $161,100,000 $347,198
Under 20% 360 $20,380,000 $56,611
20-40% 278 $44,360,000 $159,568
40-60% 216 $63,070,000 $291,991
Over 100% 13 $5,095,000 $391,923

Brainerd's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 609 originations, totaling $184,695,000 in origination value.