Brookings Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Brookings averaged
6.64%
for the week of 2024-12-05, compared to the national average of
6.69% for the same period.
The average rate for the prior week (2024-11-27) was
6.56% and
one month ago for the week of 2024-10-31, the
average rate was 6.47%.
Brookings's average rate one year ago was 6.77%.
For refis of the same type during the week of 2024-12-05, the average rate
was 6.89%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-05 | 6.69% |
Brookings 30 Year Fixed Rate | 2024-12-05 | 6.64% |
Brookings 30 Year Fixed Rate Refi | 2024-12-05 | 6.89% |
Brookings 15 Year Fixed Rate | 2024-12-05 | 5.76% |
Brookings 15 Year Fixed Rate Refi | 2024-12-05 | 6.26% |
Brookings 30 Year FHA | 2024-12-05 | 6.16% |
Brookings 30 Year FHA Refi | 2024-12-05 | 6.26% |
Brookings 30 Year USDA | 2024-12-05 | 6.13% |
Brookings 30 Year USDA Refi | 2024-12-05 | 6.53% |
Brookings 30 Year VA | 2024-12-05 | 6.04% |
Brookings 30 Year VA Refi | 2024-12-05 | 6.34% |
Brookings 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 Brookings, SD 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.).
Brookings Average Closing Costs & Other Stats
Brookings, SD's 36 lenders originated 441
loans during 2023. The total origination value was $90,135,000, with an average loan value of
$204,388.
Brookings's average closing costs are $4,634.
The top Brookings lender as defined by loan originations is First Bank & Trust, with
66 loans originated. Their average total fees are
$5,322, which is $386
higher than the next largest lender,
GUARANTEED RATE, INC..
The lowest fee Brookings lenders (with over 10 loans originated) are
GUARANTEED RATE, INC. ($4,935), First Bank & Trust ($5,322), .
The lowest rate Brookings lenders (with over 10 loans originated) are
First Bank & Trust (6.32%), GUARANTEED RATE, INC. (7.37%), .
Brookings, SD 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 |
---|---|---|---|---|
First Bank & Trust | $42,055,000 | $29,995,000 | -28.7% | 33.3% |
GUARANTEED RATE, INC. | $850,000 | $8,395,000 | 887.6% | 9.3% |
Plains Commerce Bank | $6,775,000 | $5,540,000 | -18.2% | 6.1% |
WALKER & DUNLOP, LLC | $4,665,000 | n/a | 5.2% | |
Dacotah Bank | $4,130,000 | $4,455,000 | 7.9% | 4.9% |
QUICKEN LOANS, LLC | $4,270,000 | $4,395,000 | 2.9% | 4.9% |
Central Bank | $4,085,000 | $3,330,000 | -18.5% | 3.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,235,000 | $2,665,000 | -76.3% | 3.0% |
Wells Fargo Bank | $2,895,000 | $1,480,000 | -48.9% | 1.6% |
American Bank & Trust | $1,240,000 | $1,250,000 | 0.8% | 1.4% |
Mortgage Research Center, LLC | $3,520,000 | $1,155,000 | -67.2% | 1.3% |
SIOUX FALLS | $35,000 | $1,135,000 | 3,142.9% | 1.3% |
Reliabank Dakota | $1,615,000 | $1,060,000 | -34.4% | 1.2% |
First PREMIER Bank | $4,305,000 | $1,035,000 | -76.0% | 1.1% |
First International Bank & Trust | $14,655,000 | $995,000 | -93.2% | 1.1% |
The First National Bank in Sioux Falls | $1,055,000 | $915,000 | -13.3% | 1.0% |
U.S. Bank | $710,000 | $900,000 | 26.8% | 1.0% |
First Dakota National Bank | $1,880,000 | $890,000 | -52.7% | 1.0% |
First Interstate Bank | $3,690,000 | $820,000 | -77.8% | 0.9% |
Bremer Bank | $775,000 | n/a | 0.9% | |
JPMorgan Chase Bank | $385,000 | $755,000 | 96.1% | 0.8% |
PREMIA MORTGAGE, LLC | $740,000 | n/a | 0.8% | |
UNITED WHOLESALE MORTGAGE, LLC | $215,000 | $710,000 | 230.2% | 0.8% |
Think Mutual Bank | $555,000 | n/a | 0.6% | |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $495,000 | n/a | 0.5% | |
Flagstar Bank, FSB | $480,000 | $470,000 | -2.1% | 0.5% |
CORTRUST MORTGAGE, INC. | $185,000 | $460,000 | 148.6% | 0.5% |
Minnwest Bank | $455,000 | n/a | 0.5% | |
BLACK HILLS FEDERAL CREDIT UNION | $755,000 | $445,000 | -41.1% | 0.5% |
Paramount Residential Mortgage Group, Inc. | $425,000 | n/a | 0.5% | |
Discover Bank | $410,000 | n/a | 0.5% | |
American Mortgage & Equity Consultants, Inc. | $445,000 | $390,000 | -12.4% | 0.4% |
CU MORTGAGE DIRECT, LLC | $340,000 | $335,000 | -1.5% | 0.4% |
First National Bank | $135,000 | $335,000 | 148.1% | 0.4% |
Pinnacle Bank | $335,000 | n/a | 0.4% | |
The Federal Savings Bank | $305,000 | n/a | 0.3% | |
First National Bank of Omaha | $295,000 | n/a | 0.3% | |
CROSSCOUNTRY MORTGAGE, LLC | $550,000 | $285,000 | -48.2% | 0.3% |
POLARIS HOME FUNDING CORP. | $275,000 | n/a | 0.3% | |
SIRVA MORTGAGE, INC. | $165,000 | $275,000 | 66.7% | 0.3% |
THRIVENT Federal Credit Union | $245,000 | $275,000 | 12.2% | 0.3% |
Dakota Community Bank & Trust | $265,000 | n/a | 0.3% | |
Cambria Financial Group, LLC | $245,000 | n/a | 0.3% | |
Servion, Inc. | $715,000 | $225,000 | -68.5% | 0.2% |
USAA Federal Savings Bank | $225,000 | n/a | 0.2% | |
Farm Credit Mid-America, ACA | $215,000 | $220,000 | 2.3% | 0.2% |
Bank Midwest | $195,000 | $205,000 | 5.1% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $530,000 | $205,000 | -61.3% | 0.2% |
OPEN MORTGAGE, LLC | $205,000 | n/a | 0.2% | |
LEADERONE FINANCIAL CORPORATION | $195,000 | n/a | 0.2% | |
Cornerstone Bank | $185,000 | n/a | 0.2% | |
HomeTown Bank | $185,000 | n/a | 0.2% | |
American State Bank | $180,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $175,000 | n/a | 0.2% | |
FREEDOM MORTGAGE CORPORATION | $215,000 | $175,000 | -18.6% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $195,000 | $175,000 | -10.3% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $350,000 | $175,000 | -50.0% | 0.2% |
NAVY FEDERAL CREDIT UNION | $835,000 | $160,000 | -80.8% | 0.2% |
HIWAY | $55,000 | $155,000 | 181.8% | 0.2% |
Prosperity Home Mortgage, LLC | $145,000 | n/a | 0.2% | |
Figure Lending LLC | $25,000 | $135,000 | 440.0% | 0.1% |
IOWA BANKERS MORTGAGE CORPORATION | $135,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $285,000 | $125,000 | -56.1% | 0.1% |
Citizens Bank | $110,000 | n/a | 0.1% | |
BROKER SOLUTIONS, INC. | $105,000 | n/a | 0.1% | |
Bank of America | $370,000 | $100,000 | -73.0% | 0.1% |
Coastal Community Bank | $95,000 | n/a | 0.1% | |
Flanagan State Bank | $695,000 | $95,000 | -86.3% | 0.1% |
NOVATION CREDIT UNION | $130,000 | $90,000 | -30.8% | 0.1% |
PENNYMAC LOAN SERVICES, LLC | $75,000 | n/a | 0.1% | |
BANKWEST, INC. | $810,000 | $65,000 | -92.0% | 0.1% |
CorTrust Bank | $55,000 | $45,000 | -18.2% | 0.0% |
Brookings's top lender by overall market share is First Bank & Trust, with 33.3% market share. In second place, with 9.3%, is GUARANTEED RATE, INC., having originated $8,395,000 in loans. In third place, with 6.1%, is Plains Commerce Bank, having originated $5,540,000 in loans. In fourth place, with 5.2%, is WALKER & DUNLOP, LLC, having originated $4,665,000 in loans. In fifth place, with 4.9%, is Dacotah Bank, having originated $4,455,000 in loans.
Brookings Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Brookings (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $206,168 (-68.3%) | $223,932 (-65.5%) | 0.00 | 93 |
2018-02-01 | $207,675 (-57.8%) | $239,121 (-51.4%) | 0.00 | 92 |
2018-03-01 | $222,400 (-45.2%) | $245,181 (-42.0%) | 0.00 | 101 |
2018-04-01 | $224,900 (-30.8%) | $241,550 (-24.1%) | 0.00 | 110 |
2018-05-01 | $221,950 (-38.4%) | $245,030 (-32.2%) | 0.00 | 118 |
2018-06-01 | $215,643 (-34.2%) | $236,494 (-31.2%) | 0.00 | 130 |
2018-07-01 | $217,071 (3.4%) | $242,722 (-3.0%) | 0.00 | 142 |
2018-08-01 | $215,271 (4.9%) | $249,605 (7.8%) | 0.00 | 141 |
2018-09-01 | $212,400 (5.7%) | $249,629 (8.1%) | 0.00 | 144 |
2018-10-01 | $217,400 (8.5%) | $248,196 (4.6%) | 0.00 | 140 |
2018-11-01 | $223,725 (4.4%) | $255,047 (7.7%) | 0.00 | 131 |
2018-12-01 | $224,000 (3.8%) | $265,413 (13.6%) | 0.00 | 110 |
2019-01-01 | $231,150 (12.1%) | $266,075 (18.8%) | 0.00 | 87 |
2019-02-01 | $237,400 (14.3%) | $276,727 (15.7%) | 0.00 | 81 |
2019-03-01 | $241,186 (8.5%) | $283,522 (15.6%) | 0.00 | 82 |
2019-04-01 | $243,900 (8.5%) | $288,677 (19.5%) | 0.00 | 82 |
2019-05-01 | $260,900 (17.6%) | $297,059 (21.2%) | 0.00 | 86 |
2019-06-01 | $266,400 (23.5%) | $295,794 (25.1%) | 0.00 | 103 |
2019-07-01 | $256,900 (18.4%) | $288,405 (18.8%) | 0.00 | 113 |
2019-08-01 | $265,109 (23.2%) | $292,957 (17.4%) | 0.00 | 113 |
2019-09-01 | $258,523 (21.7%) | $290,183 (16.3%) | 0.00 | 111 |
2019-10-01 | $254,132 (16.9%) | $288,334 (16.2%) | 0.00 | 107 |
2019-11-01 | $253,400 (13.3%) | $284,761 (11.7%) | 0.00 | 99 |
2019-12-01 | $249,900 (11.6%) | $284,943 (7.4%) | 0.00 | 88 |
2020-01-01 | $244,578 (5.8%) | $266,993 (0.4%) | 0.00 | 79 |
2020-02-01 | $246,900 (4.0%) | $271,782 (-1.8%) | 0.00 | 78 |
2020-03-01 | $266,400 (10.5%) | $290,447 (2.4%) | 0.00 | 77 |
2020-04-01 | $276,150 (13.2%) | $298,740 (3.5%) | 0.00 | 89 |
2020-05-01 | $299,200 (14.7%) | $299,601 (0.9%) | 0.00 | 90 |
2020-06-01 | $292,150 (9.7%) | $300,042 (1.4%) | 0.00 | 100 |
2020-07-01 | $299,400 (16.5%) | $311,555 (8.0%) | 0.00 | 90 |
2020-08-01 | $269,900 (1.8%) | $284,257 (-3.0%) | 0.00 | 77 |
2020-09-01 | $269,900 (4.4%) | $289,548 (-0.2%) | 0.00 | 73 |
2020-10-01 | $274,900 (8.2%) | $317,530 (10.1%) | 0.00 | 51 |
2020-11-01 | $267,650 (5.6%) | $310,097 (8.9%) | 0.00 | 46 |
2020-12-01 | $274,200 (9.7%) | $320,338 (12.4%) | 0.00 | 40 |
2021-01-01 | $309,900 (26.7%) | $332,424 (24.5%) | 0.00 | 32 |
2021-02-01 | $301,150 (22.0%) | $342,975 (26.2%) | 0.00 | 31 |
2021-03-01 | $296,150 (11.2%) | $363,195 (25.1%) | 0.00 | 33 |
2021-04-01 | $289,400 (4.8%) | $302,007 (1.1%) | 0.00 | 29 |
2021-05-01 | $288,900 (-3.4%) | $294,595 (-1.7%) | 0.00 | 35 |
2021-06-01 | $299,900 (2.7%) | $369,477 (23.1%) | 0.00 | 44 |
2021-07-01 | $294,900 (-1.5%) | $372,435 (19.5%) | 0.00 | 35 |
2021-08-01 | $276,400 (2.4%) | $368,401 (29.6%) | 0.00 | 36 |
2021-09-01 | $287,650 (6.6%) | $366,796 (26.7%) | 0.00 | 35 |
2021-10-01 | $296,900 (8.0%) | $361,430 (13.8%) | 0.00 | 47 |
2021-11-01 | $297,900 (11.3%) | $372,253 (20.0%) | 0.00 | 40 |
2021-12-01 | $313,450 (14.3%) | $394,624 (23.2%) | 0.00 | 34 |
2022-01-01 | $328,400 (6.0%) | $354,478 (6.6%) | 0.00 | 27 |
2022-02-01 | $321,150 (6.6%) | $325,500 (-5.1%) | 0.00 | 30 |
2022-03-01 | $325,400 (9.9%) | $333,758 (-8.1%) | 0.00 | 34 |
2022-04-01 | $322,400 (11.4%) | $332,796 (10.2%) | 0.00 | 35 |
2022-05-01 | $324,650 (12.4%) | $338,758 (15.0%) | 0.00 | 34 |
2022-06-01 | $326,800 (9.0%) | $357,960 (-3.1%) | 0.00 | 39 |
2022-07-01 | $328,900 (11.5%) | $377,939 (1.5%) | 0.00 | 38 |
2022-08-01 | $328,900 (19.0%) | $379,446 (3.0%) | 0.00 | 42 |
2022-09-01 | $343,000 (19.2%) | $383,542 (4.6%) | 0.00 | 44 |
2022-10-01 | $359,900 (21.2%) | $411,658 (13.9%) | 0.00 | 48 |
2022-11-01 | $348,175 (16.9%) | $415,880 (11.7%) | 0.00 | 45 |
2022-12-01 | $349,900 (11.6%) | $410,859 (4.1%) | 0.00 | 39 |
2023-01-01 | $373,050 (13.6%) | $396,429 (11.8%) | 0.00 | 34 |
2023-02-01 | $375,550 (16.9%) | $390,265 (19.9%) | 0.00 | 32 |
2023-03-01 | $384,900 (18.3%) | $416,259 (24.7%) | 0.00 | 31 |
2023-04-01 | $367,400 (14.0%) | $408,678 (22.8%) | 0.00 | 38 |
2023-05-01 | $367,400 (13.2%) | $417,921 (23.4%) | 0.00 | 55 |
2023-06-01 | $399,700 (22.3%) | $455,924 (27.4%) | 0.00 | 57 |
2023-07-01 | $384,900 (17.0%) | $436,647 (15.5%) | 0.00 | 60 |
2023-08-01 | $387,400 (17.8%) | $428,137 (12.8%) | 0.00 | 73 |
2023-09-01 | $374,900 (9.3%) | $425,136 (10.8%) | 0.00 | 74 |
2023-10-01 | $375,438 (4.3%) | $425,676 (3.4%) | 0.00 | 76 |
2023-11-01 | $372,400 (7.0%) | $423,876 (1.9%) | 0.00 | 73 |
2023-12-01 | $369,900 (5.7%) | $425,597 (3.6%) | 0.00 | 61 |
2024-01-01 | $372,400 (-0.2%) | $439,763 (10.9%) | 0.00 | 58 |
2024-02-01 | $371,150 (-1.2%) | $423,179 (8.4%) | 0.00 | 49 |
2024-03-01 | $389,900 (1.3%) | $436,089 (4.8%) | 0.00 | 55 |
2024-04-01 | $386,050 (5.1%) | $429,686 (5.1%) | 0.00 | 58 |
2024-05-01 | $383,550 (4.4%) | $429,221 (2.7%) | 0.00 | 54 |
2024-06-01 | $379,500 (-5.1%) | $445,466 (-2.3%) | 0.00 | 56 |
2024-07-01 | $379,500 (-1.4%) | $429,732 (-1.6%) | 0.00 | 70 |
2024-08-01 | $374,950 (-3.2%) | $444,814 (3.9%) | 0.00 | 83 |
2024-09-01 | $374,900 (0.0%) | $450,566 (6.0%) | 0.00 | 91 |
2024-10-01 | $389,900 (3.9%) | $449,205 (5.5%) | 0.00 | 81 |
2024-11-01 | $384,900 (3.4%) | $451,027 (6.4%) | 0.00 | 86 |
Brookings's median listing price comes in at 0% of the national average.
Brookings's average listing price for 2024-11-01 was $451,027, a difference of $27,151 (6.4%) versus the prior year and $1,822 versus the prior month.
For the 2024-11-01 period, Brookings had 86 MLS listings, a difference of 5 listings (6%) versus the prior month and 13 listings (18%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Brookings (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,280 sqft |
2018-02-01 | 0 days | 1,290 sqft |
2018-03-01 | 0 days | 1,328 sqft |
2018-04-01 | 0 days | 1,334 sqft |
2018-05-01 | 0 days | 1,344 sqft |
2018-06-01 | 0 days | 1,344 sqft |
2018-07-01 | 0 days | 1,354 sqft |
2018-08-01 | 0 days | 1,364 sqft |
2018-09-01 | 0 days | 1,354 sqft |
2018-10-01 | 0 days | 1,349 sqft |
2018-11-01 | 0 days | 1,347 sqft |
2018-12-01 | 0 days | 1,375 sqft |
2019-01-01 | 0 days | 1,375 sqft |
2019-02-01 | 0 days | 1,395 sqft |
2019-03-01 | 0 days | 1,421 sqft |
2019-04-01 | 0 days | 1,430 sqft |
2019-05-01 | 0 days | 1,437 sqft |
2019-06-01 | 0 days | 1,495 sqft |
2019-07-01 | 0 days | 1,487 sqft |
2019-08-01 | 0 days | 1,484 sqft |
2019-09-01 | 0 days | 1,468 sqft |
2019-10-01 | 0 days | 1,458 sqft |
2019-11-01 | 0 days | 1,426 sqft |
2019-12-01 | 0 days | 1,441 sqft |
2020-01-01 | 0 days | 1,376 sqft |
2020-02-01 | 0 days | 1,379 sqft |
2020-03-01 | 0 days | 1,417 sqft |
2020-04-01 | 0 days | 1,477 sqft |
2020-05-01 | 0 days | 1,478 sqft |
2020-06-01 | 0 days | 1,493 sqft |
2020-07-01 | 0 days | 1,528 sqft |
2020-08-01 | 0 days | 1,523 sqft |
2020-09-01 | 0 days | 1,501 sqft |
2020-10-01 | 0 days | 1,586 sqft |
2020-11-01 | 0 days | 1,515 sqft |
2020-12-01 | 0 days | 1,513 sqft |
2021-01-01 | 0 days | 1,679 sqft |
2021-02-01 | 0 days | 1,531 sqft |
2021-03-01 | 0 days | 1,562 sqft |
2021-04-01 | 0 days | 1,494 sqft |
2021-05-01 | 0 days | 1,358 sqft |
2021-06-01 | 0 days | 1,516 sqft |
2021-07-01 | 0 days | 1,494 sqft |
2021-08-01 | 0 days | 1,508 sqft |
2021-09-01 | 0 days | 1,573 sqft |
2021-10-01 | 0 days | 1,510 sqft |
2021-11-01 | 0 days | 1,571 sqft |
2021-12-01 | 0 days | 1,560 sqft |
2022-01-01 | 0 days | 1,573 sqft |
2022-02-01 | 0 days | 1,500 sqft |
2022-03-01 | 0 days | 1,448 sqft |
2022-04-01 | 0 days | 1,450 sqft |
2022-05-01 | 0 days | 1,448 sqft |
2022-06-01 | 0 days | 1,511 sqft |
2022-07-01 | 0 days | 1,485 sqft |
2022-08-01 | 0 days | 1,464 sqft |
2022-09-01 | 0 days | 1,588 sqft |
2022-10-01 | 0 days | 1,671 sqft |
2022-11-01 | 0 days | 1,570 sqft |
2022-12-01 | 0 days | 1,629 sqft |
2023-01-01 | 0 days | 1,629 sqft |
2023-02-01 | 0 days | 1,586 sqft |
2023-03-01 | 0 days | 1,648 sqft |
2023-04-01 | 0 days | 1,586 sqft |
2023-05-01 | 0 days | 1,558 sqft |
2023-06-01 | 0 days | 1,648 sqft |
2023-07-01 | 0 days | 1,668 sqft |
2023-08-01 | 0 days | 1,656 sqft |
2023-09-01 | 0 days | 1,500 sqft |
2023-10-01 | 0 days | 1,470 sqft |
2023-11-01 | 0 days | 1,470 sqft |
2023-12-01 | 0 days | 1,485 sqft |
2024-01-01 | 0 days | 1,462 sqft |
2024-02-01 | 0 days | 1,462 sqft |
2024-03-01 | 0 days | 1,500 sqft |
2024-04-01 | 0 days | 1,515 sqft |
2024-05-01 | 0 days | 1,507 sqft |
2024-06-01 | 0 days | 1,384 sqft |
2024-07-01 | 0 days | 1,439 sqft |
2024-08-01 | 0 days | 1,596 sqft |
2024-09-01 | 0 days | 1,586 sqft |
2024-10-01 | 0 days | 1,506 sqft |
2024-11-01 | 0 days | 1,562 sqft |
Brookings's median square footage for active listings during the 2024-11-01 period was 1,562 sqft. One year prior, the average listing was 1,470 sqft.
Brookings, SD Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 259 | $68,225,000 | $263,417 |
Home Improvement | 63 | $4,435,000 | $70,397 |
Refi | 56 | $10,170,000 | $181,607 |
Other | 32 | $2,440,000 | $76,250 |
Cash Out Refi | 31 | $4,865,000 | $156,935 |
Brookings's most frequently cited loan purpose was Home Purchase, with 259 originations. The 2nd most popular reason was Home Improvement, with 63 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 157 | $36,115,000 | $230,032 |
5-6% | 104 | $28,170,000 | $270,865 |
Over 8% | 96 | $8,260,000 | $86,042 |
7-8% | 78 | $16,840,000 | $215,897 |
4-5% | 2 | $320,000 | $160,000 |
<2.5% | 1 | $5,000 | $5,000 |
2.5-3% | 1 | $175,000 | $175,000 |
During 2023, Brookings's most frequently originated rate bucket was 6-7%, with 157 originations.
Loan Sizing (Brookings, SD MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 157 | $42,695,000 | $271,943 |
$100,000 or less | 143 | $7,345,000 | $51,364 |
$100k-200k | 102 | $16,260,000 | $159,412 |
$400k-600k | 33 | $15,565,000 | $471,667 |
$600k-1000k | 5 | $3,605,000 | $721,000 |
$Over $1MM | 1 | $4,665,000 | $4,665,000 |
Brookings's loan sizing saw the bucket of loans from $200k-400k with 157 originations, totaling $42,695,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 155 | $42,465,000 | $273,968 |
Under 20% | 88 | $3,480,000 | $39,545 |
60-80% | 86 | $22,750,000 | $264,535 |
20-40% | 71 | $7,845,000 | $110,493 |
40-60% | 34 | $11,490,000 | $337,941 |
Over 100% | 5 | $1,855,000 | $371,000 |
Brookings's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 155 originations, totaling $42,465,000 in origination value.