Dickinson Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Dickinson averaged 6.58% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 6.77% and one month ago for the week of 2023-08-17, the average rate was 6.58%.

    Dickinson's average rate one year ago was 5.71%.

    For refis of the same type during the week of 2023-09-21, the average rate was 7.79%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Dickinson 30 Year Fixed Rate 2023-09-21 6.58%
    Dickinson 30 Year Fixed Rate Refi 2023-09-21 7.79%
    Dickinson 15 Year Fixed Rate 2023-09-21 6.34%
    Dickinson 15 Year Fixed Rate Refi 2023-09-21 6.54%
    Dickinson 30 Year FHA 2023-09-21 6.64%
    Dickinson 30 Year FHA Refi 2023-09-21 6.84%
    Dickinson 30 Year USDA 2023-09-21 6.21%
    Dickinson 30 Year USDA Refi 2023-09-21 6.92%
    Dickinson 30 Year VA 2023-09-21 6.92%
    Dickinson 30 Year VA Refi 2023-09-21 7.02%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Dickinson, ND.

    Dickinson 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 Dickinson, ND 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Dakota Community Bank & Trust 40 4.81% $5,161
    Bank of England 37 4.98% $3,868
    American Bank Center 30 4.63% $4,722
    Gate City Bank 24 4.37% $5,709
    GUILD MORTGAGE COMPANY 21 4.76% $5,508
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 18 5.40% $4,723
    WESTERN COOPERATIVE CREDIT UNION 16 4.64% $6,122
    U.S. Bank 11 4.76% $2,702
    Choice Financial Group 8 4.34% $7,036
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 5.66% $4,619
    Dacotah Bank 7 4.69% $3,352
    Unify Home Lending Inc. 5 5.77% $5,828
    QUICKEN LOANS, LLC 5 5.60% $4,243
    FIRST COLONY MORTGAGE CORPORATION 4 6.31% $6,005
    First International Bank & Trust 3 3.25% $1,427
    Servion, Inc. 3 4.88% $6,477
    PREMIA MORTGAGE, LLC 3 4.55% $1,707
    Ally Bank 3 4.29% $4,549
    Plains Commerce Bank 2 5.19% $5,612
    CALIBER HOME LOANS, INC. 2 5.06% $8,205
    CARDINAL FINANCIAL 2 3.75% $6,902
    Flagstar Bank, FSB 2 4.25% $4,489
    GUARANTEED RATE, INC. 2 6.06% $5,851
    HOMESTAR FINANCIAL CORPORATION 2 6.50% $3,357
    Hometown Lenders, Inc. 2 5.19% $9,379
    LOANDEPOT.COM, LLC 2 5.31% $6,085
    PENNYMAC LOAN SERVICES, LLC 2 3.81% $7,191
    PNC Bank 2 4.69% $3,199
    Wells Fargo Bank 2 3.31% $4,186
    JPMorgan Chase Bank 1 5.88% $13
    AMERISAVE MORTGAGE CORPORATION 1 2.99% $27,501
    Merchants Bank 1 6.03% $13,358
    Mortgage Research Center, LLC 1 6.38% $3,107
    Mr. Cooper ( Nationstar Mortgage ) 1 2.88% $4,238
    Nations Lending Corporation 1 3.88% $6,285
    NAVY FEDERAL CREDIT UNION 1 7.25% $4,016
    NEWREZ LLC 1 5.38% $4,903
    Operating Engineers Local Union #3 1 4.50% $3,059
    Paramount Bank 1 4.75% $2,454
    AMERICAN FINANCING CORPORATION 1 5.50% $2,730
    Bell Bank 1 5.25% $3,831
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.99% $3,886
    BAY EQUITY LLC 1 3.99% $11,563
    BANKWEST, INC. 1 3.99% $3,046
    Bank of America 1 5.00% $4,392
    CHURCHILL MORTGAGE CORPORATION 1 3.88% $3,308
    First Western Bank & Trust 1 5.00% $5,378
    Simmons Bank 1 5.13% $1,747
    Bremer Bank 1 5.38% $3,087
    Stockman Bank of Montana 1 6.88% $5,597
    BMO Harris Bank 1 4.88% $3,789
    Summit Community Bank, Inc. 1 4.25% $2,985
    TOWN AND COUNTRY Credit Union 1 5.00% $4,291

    Dickinson Average Closing Costs & Other Stats

    Dickinson, ND's 53 lenders originated 771 loans during 2022. The total origination value was $214,055,000, with an average loan value of $277,633.

    Dickinson's average closing costs are $5,356.

    The top Dickinson lender as defined by loan originations is Dakota Community Bank & Trust, with 40 loans originated. Their average total fees are $5,161, which is $1,293 higher than the next largest lender, Bank of England.

    The lowest fee Dickinson lenders (with over 10 loans originated) are U.S. Bank ($2,702), Bank of England ($3,868), American Bank Center ($4,722), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,723) and Dakota Community Bank & Trust ($5,161).

    The lowest rate Dickinson lenders (with over 10 loans originated) are Gate City Bank (4.37%), American Bank Center (4.63%), WESTERN COOPERATIVE CREDIT UNION (4.64%), U.S. Bank (4.76%) and GUILD MORTGAGE COMPANY (4.76%).

    Dickinson, ND Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Dakota Community Bank & Trust $46,875,000 $21,340,000 -54.5% 10.0%
    Bank of England $48,685,000 $20,020,000 -58.9% 9.4%
    American Bank Center $24,185,000 $19,960,000 -17.5% 9.3%
    Dacotah Bank $6,150,000 $15,715,000 155.5% 7.3%
    CIBC Bank USA $14,005,000 n/a 6.5%
    Gate City Bank $27,360,000 $13,835,000 -49.4% 6.5%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $15,630,000 $12,820,000 -18.0% 6.0%
    GUILD MORTGAGE COMPANY $28,285,000 $10,270,000 -63.7% 4.8%
    WESTERN COOPERATIVE CREDIT UNION $9,300,000 $9,150,000 -1.6% 4.3%
    First International Bank & Trust $980,000 $7,145,000 629.1% 3.3%
    Choice Financial Group $9,615,000 $6,595,000 -31.4% 3.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,620,000 $6,085,000 275.6% 2.8%
    U.S. Bank $6,240,000 $3,825,000 -38.7% 1.8%
    QUICKEN LOANS, LLC $16,600,000 $2,840,000 -82.9% 1.3%
    HOMESTAR FINANCIAL CORPORATION $2,830,000 n/a 1.3%
    FIRST COLONY MORTGAGE CORPORATION $2,530,000 n/a 1.2%
    Flagstar Bank, FSB $2,465,000 $2,465,000 0.0% 1.2%
    AMERICAN FINANCIAL RESOURCES, INC. $520,000 $2,385,000 358.7% 1.1%
    Merchants Bank $55,000 $2,180,000 3,863.6% 1.0%
    Cornerstone Bank $1,005,000 $2,170,000 115.9% 1.0%
    Plains Commerce Bank $285,000 $2,120,000 643.9% 1.0%
    Kirkwood Bank & Trust Co. $7,550,000 $1,815,000 -76.0% 0.8%
    Unify Home Lending Inc. $7,565,000 $1,740,000 -77.0% 0.8%
    Mortgage Research Center, LLC $5,455,000 $1,625,000 -70.2% 0.8%
    Servion, Inc. $7,580,000 $1,525,000 -79.9% 0.7%
    PENNYMAC LOAN SERVICES, LLC $5,305,000 $1,485,000 -72.0% 0.7%
    Wells Fargo Bank $5,540,000 $1,470,000 -73.5% 0.7%
    AMERISAVE MORTGAGE CORPORATION $2,560,000 $1,420,000 -44.5% 0.7%
    KS StateBank $1,405,000 n/a 0.7%
    Hometown Lenders, Inc. $1,400,000 n/a 0.7%
    USAA Federal Savings Bank $1,455,000 $1,350,000 -7.2% 0.6%
    CALIBER HOME LOANS, INC. $5,200,000 $1,290,000 -75.2% 0.6%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $6,170,000 $1,290,000 -79.1% 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,260,000 $910,000 -27.8% 0.4%
    GUARANTEED RATE, INC. $3,190,000 $845,000 -73.5% 0.4%
    BAY EQUITY LLC $830,000 n/a 0.4%
    PREMIA MORTGAGE, LLC $1,865,000 $795,000 -57.4% 0.4%
    CMG MORTGAGE, INC. $570,000 $690,000 21.1% 0.3%
    FREEDOM MORTGAGE CORPORATION $8,160,000 $635,000 -92.2% 0.3%
    LOANDEPOT.COM, LLC $4,020,000 $620,000 -84.6% 0.3%
    Bell Bank $615,000 n/a 0.3%
    Ally Bank $585,000 n/a 0.3%
    PNC Bank $265,000 $570,000 115.1% 0.3%
    NEWREZ LLC $1,455,000 $550,000 -62.2% 0.3%
    NAVY FEDERAL CREDIT UNION $425,000 $545,000 28.2% 0.3%
    BMO Harris Bank $505,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $2,205,000 $490,000 -77.8% 0.2%
    Paramount Bank $435,000 n/a 0.2%
    BANKWEST, INC. $170,000 $385,000 126.5% 0.2%
    JPMorgan Chase Bank $710,000 $380,000 -46.5% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $2,615,000 $355,000 -86.4% 0.2%
    Simmons Bank $325,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $285,000 $315,000 10.5% 0.1%
    Stockman Bank of Montana $75,000 $315,000 320.0% 0.1%
    CHURCHILL MORTGAGE CORPORATION $340,000 $295,000 -13.2% 0.1%
    First Western Bank & Trust $115,000 $295,000 156.5% 0.1%
    S1L, Inc. $295,000 n/a 0.1%
    CAPITAL CREDIT UNION $675,000 $285,000 -57.8% 0.1%
    Nations Lending Corporation $165,000 $260,000 57.6% 0.1%
    TOWN AND COUNTRY Credit Union $245,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $680,000 $235,000 -65.4% 0.1%
    Bank of the West $225,000 n/a 0.1%
    Gateway First Bank $215,000 n/a 0.1%
    Summit Community Bank, Inc. $215,000 n/a 0.1%
    Bremer Bank $1,255,000 $195,000 -84.5% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $195,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $205,000 $195,000 -4.9% 0.1%
    First National Bank of Omaha $185,000 n/a 0.1%
    BROKER SOLUTIONS, INC. $1,100,000 $175,000 -84.1% 0.1%
    21ST MORTGAGE CORPORATION $780,000 $155,000 -80.1% 0.1%
    Bank of America $155,000 n/a 0.1%
    Operating Engineers Local Union #3 $125,000 n/a 0.1%
    AMCAP MORTGAGE, LTD. $105,000 n/a 0.0%
    RAILWAY CREDIT UNION $205,000 $75,000 -63.4% 0.0%
    AMERICAN FINANCING CORPORATION $95,000 $65,000 -31.6% 0.0%
    BNC National Bank $725,000 $45,000 -93.8% 0.0%
    AFFINITY PLUS $195,000 $25,000 -87.2% 0.0%

    Dickinson's top lender by overall market share is Dakota Community Bank & Trust, with 10.0% market share. In second place, with 9.4%, is Bank of England, having originated $20,020,000 in loans. In third place, with 9.3%, is American Bank Center, having originated $19,960,000 in loans. In fourth place, with 7.3%, is Dacotah Bank, having originated $15,715,000 in loans. In fifth place, with 6.5%, is CIBC Bank USA, having originated $14,005,000 in loans.

    Dickinson Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Dickinson (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 $225,725 (2.6%) $245,413 (3.0%) 0.00 237
    2018-02-01 $229,450 (4.1%) $250,021 (4.9%) 0.00 237
    2018-03-01 $233,000 (2.0%) $253,765 (3.3%) 0.00 235
    2018-04-01 $239,675 (2.0%) $260,594 (2.6%) 0.00 244
    2018-05-01 $239,900 (1.4%) $268,671 (3.7%) 0.00 261
    2018-06-01 $249,000 (3.8%) $273,510 (4.2%) 0.00 284
    2018-07-01 $240,450 (0.4%) $269,846 (4.5%) 0.00 289
    2018-08-01 $235,000 (0.6%) $269,475 (5.5%) 0.00 284
    2018-09-01 $229,900 (1.3%) $261,750 (3.2%) 0.00 281
    2018-10-01 $224,000 (-0.4%) $251,772 (0.8%) 0.00 278
    2018-11-01 $225,000 (2.3%) $249,615 (3.3%) 0.00 261
    2018-12-01 $239,999 (6.7%) $260,256 (7.6%) 0.00 241
    2019-01-01 $243,750 (8.0%) $273,967 (11.6%) 0.00 204
    2019-02-01 $249,000 (8.5%) $277,472 (11.0%) 0.00 188
    2019-03-01 $255,643 (9.7%) $280,863 (10.7%) 0.00 168
    2019-04-01 $266,750 (11.3%) $290,876 (11.6%) 0.00 158
    2019-05-01 $271,225 (13.1%) $292,475 (8.9%) 0.00 181
    2019-06-01 $277,450 (11.4%) $307,078 (12.3%) 0.00 191
    2019-07-01 $271,950 (13.1%) $306,188 (13.5%) 0.00 196
    2019-08-01 $266,273 (13.3%) $306,364 (13.7%) 0.00 197
    2019-09-01 $262,182 (14.0%) $300,519 (14.8%) 0.00 193
    2019-10-01 $254,500 (13.6%) $296,623 (17.8%) 0.00 187
    2019-11-01 $243,250 (8.1%) $278,168 (11.4%) 0.00 177
    2019-12-01 $239,900 (0.0%) $275,819 (6.0%) 0.00 166
    2020-01-01 $244,000 (0.1%) $278,108 (1.5%) 0.00 146
    2020-02-01 $238,000 (-4.4%) $280,510 (1.1%) 0.00 125
    2020-03-01 $246,000 (-3.8%) $283,001 (0.8%) 0.00 122
    2020-04-01 $244,475 (-8.4%) $282,997 (-2.7%) 0.00 148
    2020-05-01 $246,400 (-9.2%) $278,273 (-4.9%) 0.00 180
    2020-06-01 $246,800 (-11.1%) $286,684 (-6.6%) 0.00 180
    2020-07-01 $243,675 (-10.4%) $283,900 (-7.3%) 0.00 178
    2020-08-01 $245,000 (-8.0%) $290,134 (-5.3%) 0.00 184
    2020-09-01 $244,950 (-6.6%) $287,581 (-4.3%) 0.00 187
    2020-10-01 $244,900 (-3.8%) $277,565 (-6.4%) 0.00 185
    2020-11-01 $248,450 (2.1%) $276,655 (-0.5%) 0.00 179
    2020-12-01 $244,900 (2.1%) $275,608 (-0.1%) 0.00 174
    2021-01-01 $242,450 (-0.6%) $273,037 (-1.8%) 0.00 161
    2021-02-01 $240,000 (0.8%) $264,281 (-5.8%) 0.00 163
    2021-03-01 $240,000 (-2.4%) $273,992 (-3.2%) 0.00 148
    2021-04-01 $230,000 (-5.9%) $250,759 (-11.4%) 0.00 183
    2021-05-01 $234,950 (-4.7%) $260,293 (-6.5%) 0.00 163
    2021-06-01 $233,750 (-5.3%) $262,929 (-8.3%) 0.00 160
    2021-07-01 $239,950 (-1.5%) $260,984 (-8.1%) 0.00 174
    2021-08-01 $239,975 (-2.1%) $260,135 (-10.3%) 0.00 163
    2021-09-01 $239,975 (-2.0%) $255,024 (-11.3%) 0.00 163
    2021-10-01 $244,950 (0.0%) $251,493 (-9.4%) 0.00 162
    2021-11-01 $237,500 (-4.4%) $251,992 (-8.9%) 0.00 155
    2021-12-01 $214,900 (-12.3%) $236,345 (-14.3%) 0.00 137
    2022-01-01 $210,000 (-13.4%) $224,834 (-17.7%) 0.00 102
    2022-02-01 $218,700 (-8.9%) $233,628 (-11.6%) 0.00 103
    2022-03-01 $245,000 (2.1%) $257,310 (-6.1%) 0.00 88
    2022-04-01 $249,900 (8.7%) $267,382 (6.6%) 0.00 77
    2022-05-01 $271,800 (15.7%) $311,748 (19.8%) 0.00 90
    2022-06-01 $297,450 (27.3%) $329,674 (25.4%) 0.00 110
    2022-07-01 $295,000 (22.9%) $335,111 (28.4%) 0.00 119
    2022-08-01 $269,725 (12.4%) $319,281 (22.7%) 0.00 134
    2022-09-01 $269,000 (12.1%) $317,881 (24.7%) 0.00 146
    2022-10-01 $267,500 (9.2%) $313,770 (24.8%) 0.00 156
    2022-11-01 $260,725 (9.8%) $311,503 (23.6%) 0.00 150
    2022-12-01 $265,500 (23.6%) $302,323 (27.9%) 0.00 138
    2023-01-01 $256,000 (21.9%) $301,068 (33.9%) 0.00 127
    2023-02-01 $252,000 (15.2%) $306,859 (31.4%) 0.00 97
    2023-03-01 $265,250 (8.3%) $322,498 (25.3%) 0.00 92
    2023-04-01 $255,000 (2.0%) $323,277 (20.9%) 0.00 91
    2023-05-01 $274,975 (1.2%) $320,370 (2.8%) 0.00 96
    2023-06-01 $277,475 (-6.7%) $327,356 (-0.7%) 0.00 95
    2023-07-01 $269,900 (-8.5%) $328,535 (-2.0%) 0.00 98
    2023-08-01 $297,000 (10.1%) $339,007 (6.2%) 0.00 104
    Dickinson's median listing price for 2023-08-01 was $297,000, a difference of $27,275 (10.1%) versus the prior year and $27,100 versus the prior month.

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

    Dickinson's average listing price for 2023-08-01 was $339,007, a difference of $19,726 (6.2%) versus the prior year and $10,472 versus the prior month.

    For the 2023-08-01 period, Dickinson had 104 MLS listings, a difference of 6 listings (6%) versus the prior month and -30 listings (-22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Dickinson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,228 sqft
    2018-02-01 0 days 2,223 sqft
    2018-03-01 0 days 2,202 sqft
    2018-04-01 0 days 2,288 sqft
    2018-05-01 0 days 2,304 sqft
    2018-06-01 0 days 2,296 sqft
    2018-07-01 0 days 2,254 sqft
    2018-08-01 0 days 2,204 sqft
    2018-09-01 0 days 2,219 sqft
    2018-10-01 0 days 2,140 sqft
    2018-11-01 0 days 2,126 sqft
    2018-12-01 0 days 2,244 sqft
    2019-01-01 0 days 2,234 sqft
    2019-02-01 0 days 2,224 sqft
    2019-03-01 0 days 2,232 sqft
    2019-04-01 0 days 2,260 sqft
    2019-05-01 0 days 2,393 sqft
    2019-06-01 0 days 2,472 sqft
    2019-07-01 0 days 2,449 sqft
    2019-08-01 0 days 2,417 sqft
    2019-09-01 0 days 2,399 sqft
    2019-10-01 0 days 2,381 sqft
    2019-11-01 0 days 2,352 sqft
    2019-12-01 0 days 2,258 sqft
    2020-01-01 0 days 2,276 sqft
    2020-02-01 0 days 2,225 sqft
    2020-03-01 0 days 2,237 sqft
    2020-04-01 0 days 2,215 sqft
    2020-05-01 0 days 2,211 sqft
    2020-06-01 0 days 2,214 sqft
    2020-07-01 0 days 2,173 sqft
    2020-08-01 0 days 2,176 sqft
    2020-09-01 0 days 2,208 sqft
    2020-10-01 0 days 2,164 sqft
    2020-11-01 0 days 2,145 sqft
    2020-12-01 0 days 2,111 sqft
    2021-01-01 0 days 2,120 sqft
    2021-02-01 0 days 2,073 sqft
    2021-03-01 0 days 2,082 sqft
    2021-04-01 0 days 2,023 sqft
    2021-05-01 0 days 2,054 sqft
    2021-06-01 0 days 2,044 sqft
    2021-07-01 0 days 2,080 sqft
    2021-08-01 0 days 2,076 sqft
    2021-09-01 0 days 2,003 sqft
    2021-10-01 0 days 2,080 sqft
    2021-11-01 0 days 2,093 sqft
    2021-12-01 0 days 2,030 sqft
    2022-01-01 0 days 1,923 sqft
    2022-02-01 0 days 2,119 sqft
    2022-03-01 0 days 2,198 sqft
    2022-04-01 0 days 2,220 sqft
    2022-05-01 0 days 2,329 sqft
    2022-06-01 0 days 2,420 sqft
    2022-07-01 0 days 2,469 sqft
    2022-08-01 0 days 2,343 sqft
    2022-09-01 0 days 2,285 sqft
    2022-10-01 0 days 2,212 sqft
    2022-11-01 0 days 2,168 sqft
    2022-12-01 0 days 2,167 sqft
    2023-01-01 0 days 2,164 sqft
    2023-02-01 0 days 2,078 sqft
    2023-03-01 0 days 2,080 sqft
    2023-04-01 0 days 2,155 sqft
    2023-05-01 0 days 2,169 sqft
    2023-06-01 0 days 2,199 sqft
    2023-07-01 0 days 2,204 sqft
    2023-08-01 0 days 2,280 sqft
    Dickinson's median listing age (time on market) for 2023-08-01 was 0 days.

    Dickinson's median square footage for active listings during the 2023-08-01 period was 2,280 sqft. One year prior, the average listing was 2,343 sqft.

    Dickinson, ND Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 543 $155,265,000 $285,939
    Refi 106 $37,080,000 $349,811
    Cash Out Refi 67 $16,385,000 $244,552
    Home Improvement 33 $2,485,000 $75,303
    Other 22 $2,840,000 $129,091

    Dickinson's most frequently cited loan purpose was Home Purchase, with 543 originations. The 2nd most popular reason was Refi, with 106 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 213 $52,065,000 $244,437
    4-5% 196 $49,410,000 $252,092
    3-4% 176 $69,900,000 $397,159
    6-7% 83 $20,945,000 $252,349
    2.5-3% 43 $10,975,000 $255,233
    <2.5% 26 $4,080,000 $156,923
    7-8% 20 $4,280,000 $214,000
    Over 8% 6 $510,000 $85,000

    During 2022, Dickinson's most frequently originated rate bucket was 5-6%, with 213 originations.

    Loan Sizing (Dickinson, ND MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 371 $102,595,000 $276,536
    $100k-200k 188 $28,520,000 $151,702
    $100,000 or less 127 $6,835,000 $53,819
    $400k-600k 68 $32,210,000 $473,676
    $600k-1000k 11 $7,425,000 $675,000
    $Over $1MM 6 $36,470,000 $6,078,333

    Dickinson's loan sizing saw the bucket of loans from $200k-400k with 371 originations, totaling $102,595,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 408 $123,060,000 $301,618
    60-80% 184 $64,110,000 $348,424
    40-60% 63 $11,965,000 $189,921
    Under 20% 51 $2,095,000 $41,078
    20-40% 40 $6,250,000 $156,250
    Over 100% 15 $4,295,000 $286,333

    Dickinson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 408 originations, totaling $123,060,000 in origination value.