Clinton Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Clinton averaged
6.76%
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
6.79% and
one month ago for the week of 2023-02-09, the
average rate was 6.08%.
Clinton's average rate one year ago was 4.11%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.62%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Clinton 30 Year Fixed Rate | 2023-03-16 | 6.76% |
Clinton 30 Year Fixed Rate Refi | 2023-03-16 | 6.62% |
Clinton 15 Year Fixed Rate | 2023-03-16 | 6.05% |
Clinton 15 Year Fixed Rate Refi | 2023-03-16 | 6.08% |
Clinton 30 Year FHA | 2023-03-16 | 6.81% |
Clinton 30 Year FHA Refi | 2023-03-16 | 6.75% |
Clinton 30 Year USDA | 2023-03-16 | 6.54% |
Clinton 30 Year USDA Refi | 2023-03-16 | 6.27% |
Clinton 30 Year VA | 2023-03-16 | 6.5% |
Clinton 30 Year VA Refi | 2023-03-16 | 6.07% |
Clinton 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 Clinton, IA 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.).
Clinton Average Closing Costs & Other Stats
Clinton, IA's 63 lenders originated 1,322
loans during 2021. The total origination value was $189,120,000, with an average loan value of
$143,056.
Clinton's average closing costs are $3,239.
The top Clinton lender as defined by loan originations is GREENSTATE CREDIT UNION, with
55 loans originated. Their average total fees are
$1,814, which is $274
lower than the next largest lender,
ASCENTRA.
The lowest fee Clinton lenders (with over 10 loans originated) are
RUHL MORTGAGE, LLC ($1,425), GREENSTATE CREDIT UNION ($1,814), DuTrac Community Credit Union ($1,974), ASCENTRA ($2,088) and Vibrant Credit Union ($2,102).
The lowest rate Clinton lenders (with over 10 loans originated) are
RUHL MORTGAGE, LLC (2.74%), I. H. MISSISSIPPI VALLEY CREDIT UNION (2.87%), Vibrant Credit Union (2.95%), IOWA BANKERS MORTGAGE CORPORATION (2.98%) and ASCENTRA (3.02%).
Clinton, IA 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
First Central State Bank | $20,430,000 | $24,905,000 | 21.9% | 13.2% |
BROKER SOLUTIONS, INC. | $18,400,000 | $13,470,000 | -26.8% | 7.1% |
GREENSTATE CREDIT UNION | $8,125,000 | $13,340,000 | 64.2% | 7.1% |
HOMESIDE FINANCIAL, LLC | $9,950,000 | $12,055,000 | 21.2% | 6.4% |
ASCENTRA | $16,355,000 | $11,970,000 | -26.8% | 6.3% |
IOWA BANKERS MORTGAGE CORPORATION | $18,040,000 | $11,445,000 | -36.6% | 6.1% |
QUICKEN LOANS, LLC | $6,065,000 | $11,020,000 | 81.7% | 5.8% |
U.S. Bank | $8,885,000 | $10,865,000 | 22.3% | 5.7% |
North Shore Bank FSB | $9,685,000 | n/a | 5.1% | |
I. H. MISSISSIPPI VALLEY CREDIT UNION | $8,090,000 | $5,880,000 | -27.3% | 3.1% |
RUHL MORTGAGE, LLC | $6,200,000 | $4,520,000 | -27.1% | 2.4% |
FREEDOM MORTGAGE CORPORATION | $3,955,000 | $3,730,000 | -5.7% | 2.0% |
DuTrac Community Credit Union | $3,635,000 | $3,605,000 | -0.8% | 1.9% |
Plains Commerce Bank | $2,620,000 | $2,990,000 | 14.1% | 1.6% |
Vibrant Credit Union | $7,240,000 | $2,890,000 | -60.1% | 1.5% |
Deere Employees Credit Union | $1,670,000 | $2,405,000 | 44.0% | 1.3% |
Wells Fargo Bank | $565,000 | $2,150,000 | 280.5% | 1.1% |
Mortgage Research Center, LLC | $1,065,000 | $2,080,000 | 95.3% | 1.1% |
Farm Credit Mid-America, ACA | $1,530,000 | $1,685,000 | 10.1% | 0.9% |
CALIBER HOME LOANS, INC. | $1,135,000 | $1,675,000 | 47.6% | 0.9% |
PENNYMAC LOAN SERVICES, LLC | $390,000 | $1,525,000 | 291.0% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $595,000 | $1,345,000 | 126.1% | 0.7% |
American Bank and Trust Company | $1,480,000 | $1,290,000 | -12.8% | 0.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $755,000 | $1,230,000 | 62.9% | 0.7% |
THE FAMILY CREDIT UNION | $280,000 | $1,185,000 | 323.2% | 0.6% |
Collins Community Credit Union | $620,000 | $1,175,000 | 89.5% | 0.6% |
VILLAGE CAPITAL & INVESTMENT LLC | $585,000 | $1,175,000 | 100.9% | 0.6% |
LOANDEPOT.COM, LLC | $945,000 | $1,135,000 | 20.1% | 0.6% |
Paramount Residential Mortgage Group, Inc. | $690,000 | $1,060,000 | 53.6% | 0.6% |
Fidelity Bank & Trust | $500,000 | $1,020,000 | 104.0% | 0.5% |
USAA Federal Savings Bank | $610,000 | $970,000 | 59.0% | 0.5% |
MidWestOne Bank | $635,000 | $955,000 | 50.4% | 0.5% |
DUPACO COMMUNITY | $620,000 | $940,000 | 51.6% | 0.5% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,015,000 | $910,000 | -10.3% | 0.5% |
NEWREZ LLC | $190,000 | $865,000 | 355.3% | 0.5% |
Community Savings Bank | $765,000 | n/a | 0.4% | |
SENB Bank | $325,000 | $690,000 | 112.3% | 0.4% |
INLAND BANK & TRUST | $675,000 | n/a | 0.4% | |
NEW DAY FINANCIAL, LLC | $225,000 | $625,000 | 177.8% | 0.3% |
SUCCESS MORTGAGE PARTNERS, INC. | $205,000 | $615,000 | 200.0% | 0.3% |
The Federal Savings Bank | $480,000 | $600,000 | 25.0% | 0.3% |
Quad City Bank and Trust Company | $1,140,000 | $545,000 | -52.2% | 0.3% |
Servion, Inc. | $750,000 | $545,000 | -27.3% | 0.3% |
GUILD MORTGAGE COMPANY | $725,000 | $540,000 | -25.5% | 0.3% |
BNC National Bank | $475,000 | $510,000 | 7.4% | 0.3% |
HOME POINT FINANCIAL CORPORATION | $505,000 | n/a | 0.3% | |
Blue Grass Savings Bank | $395,000 | $465,000 | 17.7% | 0.2% |
FIRST | $445,000 | $465,000 | 4.5% | 0.2% |
NAVY FEDERAL CREDIT UNION | $225,000 | $455,000 | 102.2% | 0.2% |
Community Mortgage Banc Corporation | $155,000 | $450,000 | 190.3% | 0.2% |
Flagstar Bank, FSB | $135,000 | $445,000 | 229.6% | 0.2% |
VERIDIAN CREDIT UNION | $255,000 | $445,000 | 74.5% | 0.2% |
R.I.A. Federal Credit Union | $210,000 | $440,000 | 109.5% | 0.2% |
Lincoln Savings Bank | $385,000 | $395,000 | 2.6% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $600,000 | $370,000 | -38.3% | 0.2% |
PLAZA HOME MORTGAGE, INC. | $470,000 | $365,000 | -22.3% | 0.2% |
Central Bank Illinois | $3,915,000 | $360,000 | -90.8% | 0.2% |
Fortress Bank | $675,000 | $360,000 | -46.7% | 0.2% |
Morton Community Bank | $150,000 | $355,000 | 136.7% | 0.2% |
AMERICAN FINANCING CORPORATION | $350,000 | n/a | 0.2% | |
MICHIGAN MUTUAL, INC. | $105,000 | $335,000 | 219.0% | 0.2% |
UNITED WHOLESALE MORTGAGE, LLC | $1,020,000 | $320,000 | -68.6% | 0.2% |
PLANET HOME LENDING, LLC | $135,000 | $310,000 | 129.6% | 0.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $310,000 | n/a | 0.2% | |
Wyndham Capital Mortgage, Inc. | $305,000 | n/a | 0.2% | |
MARINE | $75,000 | $295,000 | 293.3% | 0.2% |
GUARANTEED RATE, INC. | $270,000 | n/a | 0.1% | |
Sauk Valley Bank & Trust Company | $270,000 | n/a | 0.1% | |
CBI Bank & Trust | $105,000 | $265,000 | 152.4% | 0.1% |
BETTER MORTGAGE CORPORATION | $260,000 | n/a | 0.1% | |
JPMorgan Chase Bank | $225,000 | $250,000 | 11.1% | 0.1% |
AMERICAN INTERNET MORTGAGE, INC. | $225,000 | n/a | 0.1% | |
RESIDENTIAL MORTGAGE NETWORK, INC. | $890,000 | $225,000 | -74.7% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $220,000 | n/a | 0.1% | |
Hills Bank and Trust Company | $480,000 | $190,000 | -60.4% | 0.1% |
Carrington Mortgage Services, LLC | $400,000 | $185,000 | -53.8% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $95,000 | $185,000 | 94.7% | 0.1% |
MORTGAGE ACCESS CORP. | $175,000 | n/a | 0.1% | |
Resource Bank, N.A. | $175,000 | n/a | 0.1% | |
Flanagan State Bank | $280,000 | $155,000 | -44.6% | 0.1% |
GAS AND ELECTRIC CREDIT UNION | $285,000 | $155,000 | -45.6% | 0.1% |
THRIVENT Federal Credit Union | $155,000 | n/a | 0.1% | |
EMBRACE HOME LOANS, INC. | $145,000 | n/a | 0.1% | |
Low VA Rates, LLC | $805,000 | $145,000 | -82.0% | 0.1% |
Bank of America | $200,000 | $135,000 | -32.5% | 0.1% |
Lake Area Bank | $135,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $80,000 | $130,000 | 62.5% | 0.1% |
FLAT BRANCH MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
PREMIA MORTGAGE, LLC | $125,000 | n/a | 0.1% | |
V.I.P. MORTGAGE, INC. | $125,000 | n/a | 0.1% | |
Farmers National Bank | $115,000 | n/a | 0.1% | |
First Midwest Bank | $300,000 | $115,000 | -61.7% | 0.1% |
BANKORION | $105,000 | n/a | 0.1% | |
Northpointe Bank | $105,000 | n/a | 0.1% | |
Farmers & Merchants Savings Bank | $95,000 | n/a | 0.1% | |
FINANCE OF AMERICA MORTGAGE LLC | $95,000 | n/a | 0.1% | |
Ohnward Bank & Trust | $95,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $95,000 | n/a | 0.1% | |
ALLIANT | $85,000 | n/a | 0.0% | |
AMERISAVE MORTGAGE CORPORATION | $390,000 | $75,000 | -80.8% | 0.0% |
Great Southern Bank | $105,000 | $75,000 | -28.6% | 0.0% |
UNION HOME MORTGAGE CORP. | $75,000 | n/a | 0.0% | |
CITIZENS EQUITY FIRST | $55,000 | n/a | 0.0% | |
Midwest Heritage Bank FSB | $55,000 | n/a | 0.0% | |
SWBC MORTGAGE CORPORATION | $55,000 | n/a | 0.0% | |
RUOFF MORTGAGE COMPANY, INC. | $45,000 | n/a | 0.0% |
Clinton's top lender by overall market share is First Central State Bank, with 13.2% market share. In second place, with 7.1%, is BROKER SOLUTIONS, INC., having originated $13,470,000 in loans. In third place, with 7.1%, is GREENSTATE CREDIT UNION, having originated $13,340,000 in loans. In fourth place, with 6.4%, is HOMESIDE FINANCIAL, LLC, having originated $12,055,000 in loans. In fifth place, with 6.3%, is ASCENTRA, having originated $11,970,000 in loans.
Clinton Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Clinton (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 | $85,000 (-4.2%) | $111,817 (0.2%) | 0.00 | 214 |
2018-02-01 | $84,975 (0.0%) | $108,340 (-0.4%) | 0.00 | 218 |
2018-03-01 | $85,000 (0.1%) | $109,057 (1.7%) | 0.00 | 208 |
2018-04-01 | $83,475 (4.5%) | $109,863 (5.8%) | 0.00 | 221 |
2018-05-01 | $82,500 (3.3%) | $115,253 (8.5%) | 0.00 | 233 |
2018-06-01 | $79,900 (0.0%) | $113,562 (8.1%) | 0.00 | 224 |
2018-07-01 | $88,625 (10.8%) | $127,417 (15.1%) | 0.00 | 232 |
2018-08-01 | $89,900 (12.5%) | $121,559 (7.6%) | 0.00 | 240 |
2018-09-01 | $89,900 (12.5%) | $120,900 (7.2%) | 0.00 | 224 |
2018-10-01 | $84,425 (5.6%) | $120,141 (5.7%) | 0.00 | 213 |
2018-11-01 | $85,000 (3.9%) | $123,865 (9.0%) | 0.00 | 210 |
2018-12-01 | $89,900 (5.8%) | $129,470 (12.2%) | 0.00 | 190 |
2019-01-01 | $89,925 (5.8%) | $130,200 (16.4%) | 0.00 | 185 |
2019-02-01 | $87,250 (2.7%) | $128,401 (18.5%) | 0.00 | 170 |
2019-03-01 | $95,829 (12.7%) | $130,846 (20.0%) | 0.00 | 168 |
2019-04-01 | $107,354 (28.6%) | $132,418 (20.5%) | 0.00 | 168 |
2019-05-01 | $81,000 (-1.8%) | $115,732 (0.4%) | 0.00 | 186 |
2019-06-01 | $79,900 (0.0%) | $112,880 (-0.6%) | 0.00 | 205 |
2019-07-01 | $81,200 (-8.4%) | $114,941 (-9.8%) | 0.00 | 211 |
2019-08-01 | $81,973 (-8.8%) | $118,677 (-2.4%) | 0.00 | 224 |
2019-09-01 | $85,082 (-5.4%) | $118,634 (-1.9%) | 0.00 | 233 |
2019-10-01 | $85,855 (1.7%) | $118,605 (-1.3%) | 0.00 | 234 |
2019-11-01 | $83,200 (-2.1%) | $120,323 (-2.9%) | 0.00 | 222 |
2019-12-01 | $82,550 (-8.2%) | $118,869 (-8.2%) | 0.00 | 195 |
2020-01-01 | $75,725 (-15.8%) | $112,699 (-13.4%) | 0.00 | 177 |
2020-02-01 | $79,900 (-8.4%) | $119,811 (-6.7%) | 0.00 | 165 |
2020-03-01 | $74,800 (-21.9%) | $118,955 (-9.1%) | 0.00 | 170 |
2020-04-01 | $73,700 (-31.4%) | $118,647 (-10.4%) | 0.00 | 177 |
2020-05-01 | $74,900 (-7.5%) | $123,162 (6.4%) | 0.00 | 172 |
2020-06-01 | $80,250 (0.4%) | $131,873 (16.8%) | 0.00 | 171 |
2020-07-01 | $76,950 (-5.2%) | $128,141 (11.5%) | 0.00 | 158 |
2020-08-01 | $75,000 (-8.5%) | $115,102 (-3.0%) | 0.00 | 151 |
2020-09-01 | $78,475 (-7.8%) | $115,620 (-2.5%) | 0.00 | 139 |
2020-10-01 | $79,900 (-6.9%) | $113,341 (-4.4%) | 0.00 | 142 |
2020-11-01 | $78,625 (-5.5%) | $113,311 (-5.8%) | 0.00 | 142 |
2020-12-01 | $78,250 (-5.2%) | $105,457 (-11.3%) | 0.00 | 135 |
2021-01-01 | $71,950 (-5.0%) | $102,186 (-9.3%) | 0.00 | 124 |
2021-02-01 | $68,125 (-14.7%) | $107,038 (-10.7%) | 0.00 | 114 |
2021-03-01 | $60,625 (-19.0%) | $97,544 (-18.0%) | 0.00 | 91 |
2021-04-01 | $62,500 (-15.2%) | $100,926 (-14.9%) | 0.00 | 68 |
2021-05-01 | $62,500 (-16.6%) | $88,768 (-27.9%) | 0.00 | 62 |
2021-06-01 | $74,900 (-6.7%) | $114,954 (-12.8%) | 0.00 | 79 |
2021-07-01 | $79,900 (3.8%) | $127,056 (-0.9%) | 0.00 | 86 |
2021-08-01 | $83,975 (12.0%) | $130,889 (13.7%) | 0.00 | 87 |
2021-09-01 | $99,675 (27.0%) | $151,431 (31.0%) | 0.00 | 91 |
2021-10-01 | $98,900 (23.8%) | $150,059 (32.4%) | 0.00 | 102 |
2021-11-01 | $119,600 (52.1%) | $182,405 (61.0%) | 0.00 | 111 |
2021-12-01 | $129,225 (65.1%) | $189,963 (80.1%) | 0.00 | 107 |
2022-01-01 | $127,350 (77.0%) | $193,656 (89.5%) | 0.00 | 93 |
2022-02-01 | $114,700 (68.4%) | $191,489 (78.9%) | 0.00 | 89 |
2022-03-01 | $137,425 (126.7%) | $201,796 (106.9%) | 0.00 | 83 |
2022-04-01 | $155,450 (148.7%) | $211,343 (109.4%) | 0.00 | 73 |
2022-05-01 | $143,700 (129.9%) | $216,848 (144.3%) | 0.00 | 77 |
2022-06-01 | $147,450 (96.9%) | $212,951 (85.3%) | 0.00 | 90 |
2022-07-01 | $169,900 (112.6%) | $227,746 (79.3%) | 0.00 | 114 |
2022-08-01 | $168,675 (100.9%) | $231,105 (76.6%) | 0.00 | 119 |
2022-09-01 | $179,500 (80.1%) | $232,385 (53.5%) | 0.00 | 130 |
2022-10-01 | $162,500 (64.3%) | $222,404 (48.2%) | 0.00 | 135 |
2022-11-01 | $168,500 (40.9%) | $226,076 (23.9%) | 0.00 | 131 |
2022-12-01 | $169,900 (31.5%) | $219,699 (15.7%) | 0.00 | 120 |
2023-01-01 | $170,650 (34.0%) | $226,205 (16.8%) | 0.00 | 104 |
2023-02-01 | $191,925 (67.3%) | $226,407 (18.2%) | 0.00 | 97 |
Clinton's median listing price comes in at 0% of the national average.
Clinton's average listing price for 2023-02-01 was $226,407, a difference of $34,918 (18.2%) versus the prior year and $202 versus the prior month.
For the 2023-02-01 period, Clinton had 97 MLS listings, a difference of -7 listings (-7%) versus the prior month and 8 listings (9%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Clinton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,480 sqft |
2018-02-01 | 0 days | 1,452 sqft |
2018-03-01 | 0 days | 1,489 sqft |
2018-04-01 | 0 days | 1,452 sqft |
2018-05-01 | 0 days | 1,461 sqft |
2018-06-01 | 0 days | 1,480 sqft |
2018-07-01 | 0 days | 1,487 sqft |
2018-08-01 | 0 days | 1,459 sqft |
2018-09-01 | 0 days | 1,465 sqft |
2018-10-01 | 0 days | 1,459 sqft |
2018-11-01 | 0 days | 1,478 sqft |
2018-12-01 | 0 days | 1,467 sqft |
2019-01-01 | 0 days | 1,456 sqft |
2019-02-01 | 0 days | 1,450 sqft |
2019-03-01 | 0 days | 1,435 sqft |
2019-04-01 | 0 days | 1,446 sqft |
2019-05-01 | 0 days | 1,329 sqft |
2019-06-01 | 0 days | 1,330 sqft |
2019-07-01 | 0 days | 1,428 sqft |
2019-08-01 | 0 days | 1,439 sqft |
2019-09-01 | 0 days | 1,460 sqft |
2019-10-01 | 0 days | 1,476 sqft |
2019-11-01 | 0 days | 1,476 sqft |
2019-12-01 | 0 days | 1,467 sqft |
2020-01-01 | 0 days | 1,416 sqft |
2020-02-01 | 0 days | 1,442 sqft |
2020-03-01 | 0 days | 1,408 sqft |
2020-04-01 | 0 days | 1,408 sqft |
2020-05-01 | 0 days | 1,442 sqft |
2020-06-01 | 0 days | 1,479 sqft |
2020-07-01 | 0 days | 1,479 sqft |
2020-08-01 | 0 days | 1,476 sqft |
2020-09-01 | 0 days | 1,476 sqft |
2020-10-01 | 0 days | 1,476 sqft |
2020-11-01 | 0 days | 1,468 sqft |
2020-12-01 | 0 days | 1,476 sqft |
2021-01-01 | 0 days | 1,476 sqft |
2021-02-01 | 0 days | 1,469 sqft |
2021-03-01 | 0 days | 1,401 sqft |
2021-04-01 | 0 days | 1,380 sqft |
2021-05-01 | 0 days | 1,382 sqft |
2021-06-01 | 0 days | 1,482 sqft |
2021-07-01 | 0 days | 1,544 sqft |
2021-08-01 | 0 days | 1,525 sqft |
2021-09-01 | 0 days | 1,598 sqft |
2021-10-01 | 0 days | 1,546 sqft |
2021-11-01 | 0 days | 1,582 sqft |
2021-12-01 | 0 days | 1,582 sqft |
2022-01-01 | 0 days | 1,582 sqft |
2022-02-01 | 0 days | 1,581 sqft |
2022-03-01 | 0 days | 1,582 sqft |
2022-04-01 | 0 days | 1,569 sqft |
2022-05-01 | 0 days | 1,582 sqft |
2022-06-01 | 0 days | 1,582 sqft |
2022-07-01 | 0 days | 1,582 sqft |
2022-08-01 | 0 days | 1,582 sqft |
2022-09-01 | 0 days | 1,582 sqft |
2022-10-01 | 0 days | 1,582 sqft |
2022-11-01 | 0 days | 1,582 sqft |
2022-12-01 | 0 days | 1,582 sqft |
2023-01-01 | 0 days | 1,582 sqft |
2023-02-01 | 0 days | 1,582 sqft |
Clinton's median square footage for active listings during the 2023-02-01 period was 1,582 sqft. One year prior, the average listing was 1,581 sqft.
Clinton, IA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 570 | $89,500,000 | $157,018 |
Refi | 430 | $61,440,000 | $142,884 |
Cash Out Refi | 240 | $33,040,000 | $137,667 |
Home Improvement | 42 | $2,540,000 | $60,476 |
Other | 40 | $2,600,000 | $65,000 |
Clinton's most frequently cited loan purpose was Home Purchase, with 570 originations. The 2nd most popular reason was Refi, with 430 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 421 | $59,225,000 | $140,677 |
3-4% | 387 | $59,805,000 | $154,535 |
<2.5% | 244 | $37,370,000 | $153,156 |
4-5% | 59 | $5,035,000 | $85,339 |
5-6% | 15 | $595,000 | $39,667 |
6-7% | 5 | $175,000 | $35,000 |
7-8% | 2 | $40,000 | $20,000 |
Over 8% | 2 | $210,000 | $105,000 |
During 2021, Clinton's most frequently originated rate bucket was 2.5-3%, with 421 originations.
Loan Sizing (Clinton, IA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 583 | $83,215,000 | $142,736 |
$100,000 or less | 517 | $32,405,000 | $62,679 |
$200k-400k | 204 | $55,200,000 | $270,588 |
$400k-600k | 15 | $7,215,000 | $481,000 |
$600k-1000k | 2 | $1,400,000 | $700,000 |
$Over $1MM | 1 | $9,685,000 | $9,685,000 |
Clinton's loan sizing saw the bucket of loans from $100k-200k with 583 originations, totaling $83,215,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 522 | $78,960,000 | $151,264 |
60-80% | 322 | $55,410,000 | $172,081 |
40-60% | 117 | $13,475,000 | $115,171 |
Under 20% | 70 | $1,840,000 | $26,286 |
20-40% | 48 | $3,660,000 | $76,250 |
Over 100% | 10 | $1,880,000 | $188,000 |
Clinton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 522 originations, totaling $78,960,000 in origination value.