DULUTH Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Duluth averaged
6.89%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.92% and
one month ago for the week of 2024-10-03, the
average rate was 6.02%.
Duluth's average rate one year ago was 7.76%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Duluth 30 Year Fixed Rate | 2024-11-07 | 6.89% |
| Duluth 30 Year Fixed Rate Refi | 2024-11-07 | 6.97% |
| Duluth 15 Year Fixed Rate | 2024-11-07 | 6.48% |
| Duluth 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Duluth 30 Year FHA | 2024-11-07 | 6.34% |
| Duluth 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Duluth 30 Year USDA | 2024-11-07 | 6.48% |
| Duluth 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Duluth 30 Year VA | 2024-11-07 | 6.41% |
| Duluth 30 Year VA Refi | 2024-11-07 | 6.14% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within DULUTH, MN-WI.
DULUTH 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 DULUTH, MN-WI 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.).
DULUTH Average Closing Costs & Other Stats
DULUTH, MN-WI's 149 lenders originated 5,506
loans during 2023. The total origination value was $1,141,900,000, with an average loan value of
$207,392.
DULUTH's average closing costs are $4,492.
The top DULUTH lender as defined by loan originations is North Shore Bank of Commerce, with
375 loans originated. Their average total fees are
$5,739, which is $674
higher than the next largest lender,
Frandsen Bank & Trust.
The lowest fee DULUTH lenders (with over 10 loans originated) are
Royal Credit Union ($2,244), North Shore Federal Credit Union ($3,564), WINGS FINANCIAL ($3,720), SUPERIOR CHOICE ($4,013) and TRUSTONE FINANCIAL FEDERAL CREDIT UNION ($4,099).
The lowest rate DULUTH lenders (with over 10 loans originated) are
WINGS FINANCIAL (6.07%), SUPERIOR CHOICE (6.27%), North Shore Bank of Commerce (6.44%), GUARANTEED RATE AFFINITY, LLC (6.49%) and National Bank of Commerce (6.52%).
DULUTH, MN-WI 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 |
|---|---|---|---|---|
| North Shore Bank of Commerce | $151,560,000 | $144,025,000 | -5.0% | 12.6% |
| Bell Bank | $51,610,000 | $59,760,000 | 15.8% | 5.2% |
| National Bank of Commerce | $93,955,000 | $59,340,000 | -36.8% | 5.2% |
| GREYSTONE SERVICING COMPANY LLC | $51,805,000 | n/a | 4.5% | |
| U.S. Bank | $72,360,000 | $50,175,000 | -30.7% | 4.4% |
| Frandsen Bank & Trust | $75,310,000 | $48,330,000 | -35.8% | 4.2% |
| Old National Bank | $1,515,000 | $42,295,000 | 2,691.7% | 3.7% |
| MEMBERS COOPERATIVE | $70,575,000 | $36,190,000 | -48.7% | 3.2% |
| QUICKEN LOANS, LLC | $63,180,000 | $33,845,000 | -46.4% | 3.0% |
| SUPERIOR CHOICE | $25,675,000 | $27,785,000 | 8.2% | 2.4% |
| Servion, Inc. | $29,660,000 | $25,010,000 | -15.7% | 2.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $24,130,000 | $21,070,000 | -12.7% | 1.8% |
| Park State Bank | $19,955,000 | n/a | 1.7% | |
| Regent Financial Group, Inc. | $15,390,000 | $19,120,000 | 24.2% | 1.7% |
| WALKER & DUNLOP, LLC | $18,845,000 | n/a | 1.7% | |
| UNITED WHOLESALE MORTGAGE, LLC | $18,640,000 | $18,775,000 | 0.7% | 1.6% |
| BROKER SOLUTIONS, INC. | $16,125,000 | $16,035,000 | -0.6% | 1.4% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $16,015,000 | n/a | 1.4% | |
| CENTRICITY Credit Union | $15,185,000 | $15,820,000 | 4.2% | 1.4% |
| North Shore Federal Credit Union | $15,350,000 | $15,725,000 | 2.4% | 1.4% |
| AFFINITY PLUS | $21,625,000 | $15,410,000 | -28.7% | 1.3% |
| Mortgage Research Center, LLC | $20,375,000 | $14,815,000 | -27.3% | 1.3% |
| Wells Fargo Bank | $47,655,000 | $14,005,000 | -70.6% | 1.2% |
| The Miners National Bank of Eveleth | $18,250,000 | $12,480,000 | -31.6% | 1.1% |
| Harbor Pointe Credit Union | $17,235,000 | $10,880,000 | -36.9% | 1.0% |
| Northview Bank | $11,980,000 | $10,830,000 | -9.6% | 0.9% |
| EVERETT FINANCIAL, INC. | $10,525,000 | $10,390,000 | -1.3% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $9,360,000 | $10,110,000 | 8.0% | 0.9% |
| COMPEER FINANCIAL, FLCA | $9,635,000 | $9,940,000 | 3.2% | 0.9% |
| Summit Mortgage Corporation | $7,635,000 | $9,150,000 | 19.8% | 0.8% |
| GUARANTEED RATE AFFINITY, LLC | $5,610,000 | $8,930,000 | 59.2% | 0.8% |
| Superior Savings Bank | $20,215,000 | $7,105,000 | -64.9% | 0.6% |
| MANN FINANCIAL INC. | $9,020,000 | $6,690,000 | -25.8% | 0.6% |
| LOANDEPOT.COM, LLC | $10,730,000 | $6,395,000 | -40.4% | 0.6% |
| Prosperity Home Mortgage, LLC | $6,340,000 | $5,905,000 | -6.9% | 0.5% |
| USAA Federal Savings Bank | $6,175,000 | $5,795,000 | -6.2% | 0.5% |
| NORTHWOODS | $8,805,000 | $5,540,000 | -37.1% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $8,070,000 | $5,375,000 | -33.4% | 0.5% |
| WINGS FINANCIAL | $48,670,000 | $5,360,000 | -89.0% | 0.5% |
| Minnesota Power Employees Credit Union | $5,250,000 | n/a | 0.5% | |
| Nations Lending Corporation | $305,000 | $4,710,000 | 1,444.3% | 0.4% |
| Northern State Bank of Virginia | $4,690,000 | n/a | 0.4% | |
| Royal Credit Union | $4,840,000 | $4,620,000 | -4.5% | 0.4% |
| Two Harbors Federal Credit Union | $6,755,000 | $4,605,000 | -31.8% | 0.4% |
| NEWREZ LLC | $5,630,000 | $4,600,000 | -18.3% | 0.4% |
| GUARANTEED RATE, INC. | $6,025,000 | $4,285,000 | -28.9% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $2,475,000 | $4,160,000 | 68.1% | 0.4% |
| BMO Harris Bank | $5,120,000 | $3,900,000 | -23.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,680,000 | $3,875,000 | -49.5% | 0.3% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $4,685,000 | $3,835,000 | -18.1% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $4,855,000 | $3,750,000 | -22.8% | 0.3% |
| Flagstar Bank, FSB | $7,830,000 | $3,505,000 | -55.2% | 0.3% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $3,405,000 | n/a | 0.3% | |
| PLAZA HOME MORTGAGE, INC. | $155,000 | $3,400,000 | 2,093.5% | 0.3% |
| Western National Bank | $5,470,000 | $3,325,000 | -39.2% | 0.3% |
| NORTH STAR CREDIT UNION | $9,410,000 | $3,295,000 | -65.0% | 0.3% |
| Falcon National Bank | $3,250,000 | n/a | 0.3% | |
| FNB Moose Lake | $6,310,000 | $3,215,000 | -49.0% | 0.3% |
| Bremer Bank | $4,935,000 | $3,210,000 | -35.0% | 0.3% |
| ALAMEDA MORTGAGE CORPORATION | $1,065,000 | $2,825,000 | 165.3% | 0.2% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $740,000 | $2,770,000 | 274.3% | 0.2% |
| Tradition Mortgage, LLC | $1,865,000 | $2,655,000 | 42.4% | 0.2% |
| HIWAY | $1,885,000 | $2,610,000 | 38.5% | 0.2% |
| MEGASTAR FINANCIAL CORP. | $660,000 | $2,575,000 | 290.2% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,480,000 | $2,465,000 | 66.6% | 0.2% |
| Bank of America | $4,705,000 | $2,445,000 | -48.0% | 0.2% |
| Cornerstone State Bank | $1,420,000 | $2,415,000 | 70.1% | 0.2% |
| Farmers State Bank | $2,345,000 | n/a | 0.2% | |
| American Mortgage & Equity Consultants, Inc. | $4,770,000 | $2,210,000 | -53.7% | 0.2% |
| The Huntington National Bank | $6,300,000 | $2,150,000 | -65.9% | 0.2% |
| CMG MORTGAGE, INC. | $1,285,000 | $2,035,000 | 58.4% | 0.2% |
| SPIRE Credit Union | $1,330,000 | $1,995,000 | 50.0% | 0.2% |
| CARDINAL FINANCIAL | $6,725,000 | $1,985,000 | -70.5% | 0.2% |
| JPMorgan Chase Bank | $3,155,000 | $1,980,000 | -37.2% | 0.2% |
| Associated Bank | $5,400,000 | $1,935,000 | -64.2% | 0.2% |
| Chippewa Valley Bank | $1,755,000 | $1,900,000 | 8.3% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $370,000 | $1,875,000 | 406.8% | 0.2% |
| Deerwood Bank | $2,725,000 | $1,785,000 | -34.5% | 0.2% |
| Alerus Financial | $5,485,000 | $1,575,000 | -71.3% | 0.1% |
| WESTconsin Credit Union | $475,000 | $1,555,000 | 227.4% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,700,000 | $1,540,000 | -9.4% | 0.1% |
| Woodlands National Bank | $1,260,000 | $1,530,000 | 21.4% | 0.1% |
| First Federal Bank | $105,000 | $1,520,000 | 1,347.6% | 0.1% |
| BAY EQUITY LLC | $2,070,000 | $1,445,000 | -30.2% | 0.1% |
| Dollar Bank, Federal Savings Bank | $185,000 | $1,385,000 | 648.6% | 0.1% |
| Security State Bank | $1,365,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,780,000 | $1,340,000 | -24.7% | 0.1% |
| GUILD MORTGAGE COMPANY | $5,560,000 | $1,295,000 | -76.7% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,625,000 | $1,265,000 | -22.2% | 0.1% |
| Choice Financial Group | $245,000 | $1,260,000 | 414.3% | 0.1% |
| MORTGAGE ACCESS CORP. | $560,000 | $1,245,000 | 122.3% | 0.1% |
| Johnson Bank | $1,730,000 | $1,240,000 | -28.3% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,300,000 | $1,180,000 | -9.2% | 0.1% |
| Liberty Bank Minnesota | $355,000 | $1,150,000 | 223.9% | 0.1% |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $1,145,000 | n/a | 0.1% | |
| 21ST MORTGAGE CORPORATION | $435,000 | $1,105,000 | 154.0% | 0.1% |
| Carrington Mortgage Services, LLC | $760,000 | $1,070,000 | 40.8% | 0.1% |
| CENTRAL MINNESOTA Credit Union | $1,215,000 | $970,000 | -20.2% | 0.1% |
| Discover Bank | $590,000 | $940,000 | 59.3% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $740,000 | $935,000 | 26.4% | 0.1% |
| UBS Bank USA | $665,000 | $935,000 | 40.6% | 0.1% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $925,000 | n/a | 0.1% | |
| NBKC BANK | $795,000 | $925,000 | 16.4% | 0.1% |
| Baxter Credit Union | $2,535,000 | $910,000 | -64.1% | 0.1% |
| Fortress Bank | $505,000 | $900,000 | 78.2% | 0.1% |
| The Federal Savings Bank | $195,000 | $895,000 | 359.0% | 0.1% |
| Merchants Bank | $5,350,000 | $885,000 | -83.5% | 0.1% |
| Highland Bank | $860,000 | n/a | 0.1% | |
| Figure Lending LLC | $900,000 | $855,000 | -5.0% | 0.1% |
| Sherburne State Bank | $320,000 | $825,000 | 157.8% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $6,475,000 | $810,000 | -87.5% | 0.1% |
| Stifel Bank and Trust | $1,515,000 | $810,000 | -46.5% | 0.1% |
| Morgan Stanley Private Bank | $1,300,000 | $805,000 | -38.1% | 0.1% |
| Citizens Community Federal | $1,200,000 | $795,000 | -33.8% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $610,000 | $795,000 | 30.3% | 0.1% |
| IOWA BANKERS MORTGAGE CORPORATION | $95,000 | $790,000 | 731.6% | 0.1% |
| RiverWood Bank | $950,000 | $780,000 | -17.9% | 0.1% |
| Ally Bank | $890,000 | $775,000 | -12.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,000,000 | $750,000 | -25.0% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $3,225,000 | $735,000 | -77.2% | 0.1% |
| Security Financial Bank | $715,000 | n/a | 0.1% | |
| Farmers & Merchants Savings Bank | $705,000 | n/a | 0.1% | |
| Midwest Bank | $230,000 | $700,000 | 204.3% | 0.1% |
| Connexus Credit Union | $695,000 | n/a | 0.1% | |
| American National Bank of Minnesota | $1,335,000 | $685,000 | -48.7% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $175,000 | $675,000 | 285.7% | 0.1% |
| PNC Bank | $500,000 | $670,000 | 34.0% | 0.1% |
| Union State Bank of Fargo | $200,000 | $655,000 | 227.5% | 0.1% |
| Lend Smart Mortgage, LLC | $17,075,000 | $630,000 | -96.3% | 0.1% |
| Coulee Bank | $610,000 | n/a | 0.1% | |
| Central Bank | $605,000 | n/a | 0.1% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $700,000 | $605,000 | -13.6% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $115,000 | $605,000 | 426.1% | 0.1% |
| HomeTown Bank | $75,000 | $600,000 | 700.0% | 0.1% |
| University of Wisconsin Credit Union | $665,000 | $600,000 | -9.8% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $675,000 | $595,000 | -11.9% | 0.1% |
| THRIVENT Federal Credit Union | $535,000 | $595,000 | 11.2% | 0.1% |
| Citizens Bank | $540,000 | $585,000 | 8.3% | 0.1% |
| First Bank & Trust | $205,000 | $585,000 | 185.4% | 0.1% |
| Dairy State Bank | $65,000 | $575,000 | 784.6% | 0.1% |
| PREMIA MORTGAGE, LLC | $285,000 | $575,000 | 101.8% | 0.1% |
| TOWNE MORTGAGE COMPANY | $1,790,000 | $515,000 | -71.2% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $920,000 | $505,000 | -45.1% | 0.0% |
| Summit Credit Union | $875,000 | $500,000 | -42.9% | 0.0% |
| UNION HOME MORTGAGE CORP. | $535,000 | $480,000 | -10.3% | 0.0% |
| CITY-COUNTY CREDIT UNION | $530,000 | $475,000 | -10.4% | 0.0% |
| First International Bank & Trust | $475,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $855,000 | $470,000 | -45.0% | 0.0% |
| EMM LOANS LLC | $280,000 | $450,000 | 60.7% | 0.0% |
| AbbyBank | $445,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $445,000 | n/a | 0.0% | |
| Think Mutual Bank | $1,085,000 | $440,000 | -59.4% | 0.0% |
| Plains Commerce Bank | $785,000 | $430,000 | -45.2% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $610,000 | $430,000 | -29.5% | 0.0% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $935,000 | $420,000 | -55.1% | 0.0% |
| Sunflower Bank | $605,000 | $420,000 | -30.6% | 0.0% |
| DELMAR FINANCIAL COMPANY | $415,000 | n/a | 0.0% | |
| First National Bank Minnesota | $405,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,255,000 | $400,000 | -68.1% | 0.0% |
| ALTRA | $395,000 | n/a | 0.0% | |
| Cambria Financial Group, LLC | $310,000 | $390,000 | 25.8% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $1,140,000 | $385,000 | -66.2% | 0.0% |
| Evolve Bank & Trust | $385,000 | n/a | 0.0% | |
| Coastal Community Bank | $380,000 | n/a | 0.0% | |
| Neighborhood Loans, Inc. | $380,000 | n/a | 0.0% | |
| Security State Bank of Marine | $380,000 | n/a | 0.0% | |
| TOPLINE FEDERAL CREDIT UNION | $80,000 | $375,000 | 368.8% | 0.0% |
| Peoples State Bank of Plainview | $370,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $1,970,000 | $365,000 | -81.5% | 0.0% |
| Indianhead Credit Union | $580,000 | $360,000 | -37.9% | 0.0% |
| Bankers' Bank | $300,000 | $355,000 | 18.3% | 0.0% |
| Abbott Laboratories Employees Credit Union | $345,000 | n/a | 0.0% | |
| MidWestOne Bank | $215,000 | $340,000 | 58.1% | 0.0% |
| PLANET HOME LENDING, LLC | $340,000 | n/a | 0.0% | |
| Armed Forces Bank | $235,000 | $335,000 | 42.6% | 0.0% |
| MORTGAGE CENTER L.C | $335,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $325,000 | n/a | 0.0% | |
| First National Community Bank | $175,000 | $325,000 | 85.7% | 0.0% |
| ZILLOW HOME LOANS, LLC | $1,325,000 | $325,000 | -75.5% | 0.0% |
| BNC National Bank | $315,000 | n/a | 0.0% | |
| The State Bank of Faribault | $305,000 | n/a | 0.0% | |
| Hiawatha National Bank | $135,000 | $295,000 | 118.5% | 0.0% |
| Platinum Bank | $290,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $105,000 | $285,000 | 171.4% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $440,000 | $275,000 | -37.5% | 0.0% |
| IDEAL | $270,000 | $270,000 | 0.0% | 0.0% |
| CALIBER HOME LOANS, INC. | $3,950,000 | $265,000 | -93.3% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $55,000 | $265,000 | 381.8% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $265,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $250,000 | $265,000 | 6.0% | 0.0% |
| Northern State Bank | $1,510,000 | $265,000 | -82.5% | 0.0% |
| Northpointe Bank | $325,000 | $265,000 | -18.5% | 0.0% |
| SWBC MORTGAGE CORPORATION | $265,000 | n/a | 0.0% | |
| First Savings Bank | $255,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $255,000 | n/a | 0.0% | |
| ONE NEVADA CREDIT UNION | $255,000 | n/a | 0.0% | |
| First State Bank of Le Center | $245,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $410,000 | $245,000 | -40.2% | 0.0% |
| Truist | $405,000 | $245,000 | -39.5% | 0.0% |
| VERIDIAN CREDIT UNION | $195,000 | $240,000 | 23.1% | 0.0% |
| TOWN AND COUNTRY Credit Union | $235,000 | n/a | 0.0% | |
| NFM, INC. | $115,000 | $225,000 | 95.7% | 0.0% |
| Stock Yards Bank & Trust Company | $215,000 | n/a | 0.0% | |
| Drake Bank | $210,000 | n/a | 0.0% | |
| Foresight Bank | $210,000 | n/a | 0.0% | |
| Heritage Bank | $1,025,000 | $210,000 | -79.5% | 0.0% |
| Bank of England | $330,000 | $205,000 | -37.9% | 0.0% |
| First Bank of Baldwin | $205,000 | n/a | 0.0% | |
| Flagship Banks Minnesota | $1,500,000 | $205,000 | -86.3% | 0.0% |
| Lakeview Bank | $205,000 | n/a | 0.0% | |
| TOP FLITE FINANCIAL, INC. | $125,000 | $205,000 | 64.0% | 0.0% |
| Tradition Capital Bank | $2,845,000 | $205,000 | -92.8% | 0.0% |
| VISIONBank | $205,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $1,225,000 | $195,000 | -84.1% | 0.0% |
| NEXERA HOLDING LLC | $195,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $195,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $195,000 | n/a | 0.0% | |
| PCM | $190,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,585,000 | $185,000 | -88.3% | 0.0% |
| MY Credit Union | $185,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $185,000 | n/a | 0.0% | |
| Citibank | $175,000 | n/a | 0.0% | |
| Gate City Bank | $900,000 | $175,000 | -80.6% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $175,000 | n/a | 0.0% | |
| American State Bank | $165,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $165,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $160,000 | n/a | 0.0% | |
| Bank of the West | $215,000 | $155,000 | -27.9% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $155,000 | n/a | 0.0% | |
| CorTrust Bank | $155,000 | n/a | 0.0% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $815,000 | $150,000 | -81.6% | 0.0% |
| SPRING EQ, LLC | $445,000 | $150,000 | -66.3% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $730,000 | $145,000 | -80.1% | 0.0% |
| AMERICHOICE | $145,000 | n/a | 0.0% | |
| Capital Bank | $215,000 | $145,000 | -32.6% | 0.0% |
| First Resource Bank | $2,125,000 | $145,000 | -93.2% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $145,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $135,000 | n/a | 0.0% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $125,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $410,000 | $125,000 | -69.5% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $115,000 | $115,000 | 0.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $505,000 | $115,000 | -77.2% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $105,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL | $305,000 | $105,000 | -65.6% | 0.0% |
| Great Midwest Bank, S.S.B. | $95,000 | n/a | 0.0% | |
| Bank Five Nine | $580,000 | $85,000 | -85.3% | 0.0% |
| Home Federal Savings Bank | $265,000 | $85,000 | -67.9% | 0.0% |
| Landmark Credit Union | $85,000 | n/a | 0.0% | |
| ONB Bank | $85,000 | n/a | 0.0% | |
| The Bank of Elk River | $85,000 | n/a | 0.0% | |
| Neighborhood National Bank | $455,000 | $80,000 | -82.4% | 0.0% |
| BANKWEST, INC. | $180,000 | $75,000 | -58.3% | 0.0% |
| Blackhawk Community Credit Union | $75,000 | n/a | 0.0% | |
| EASTMAN | $75,000 | n/a | 0.0% | |
| Fifth Third Bank | $75,000 | n/a | 0.0% | |
| First National Bank of Elk River | $75,000 | n/a | 0.0% | |
| Minnesota Valley Federal Credit Union | $75,000 | n/a | 0.0% | |
| MAYO EMPLOYEES FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| MINNCO CREDIT UNION | $245,000 | $55,000 | -77.6% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $55,000 | $45,000 | -18.2% | 0.0% |
| GENISYS | $25,000 | n/a | 0.0% |
DULUTH's top lender by overall market share is North Shore Bank of Commerce, with 12.6% market share. In second place, with 5.2%, is Bell Bank, having originated $59,760,000 in loans. In third place, with 5.2%, is National Bank of Commerce, having originated $59,340,000 in loans. In fourth place, with 4.5%, is GREYSTONE SERVICING COMPANY LLC, having originated $51,805,000 in loans. In fifth place, with 4.4%, is U.S. Bank, having originated $50,175,000 in loans.
DULUTH, MN-WI Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 54820 | Duluth, MN-WI HUD Metro FMR Area | $700 | $760 | $980 | $1,290 | $1,610 |
| 54830 | Duluth, MN-WI HUD Metro FMR Area | $700 | $750 | $970 | $1,280 | $1,600 |
| 54836 | Duluth, MN-WI HUD Metro FMR Area | $740 | $800 | $1,040 | $1,380 | $1,710 |
| 54838 | Duluth, MN-WI HUD Metro FMR Area | $760 | $820 | $1,060 | $1,400 | $1,740 |
| 54842 | Duluth, MN-WI HUD Metro FMR Area | $800 | $860 | $1,110 | $1,470 | $1,830 |
| 54849 | Duluth, MN-WI HUD Metro FMR Area | $730 | $790 | $1,020 | $1,350 | $1,680 |
| 54854 | Duluth, MN-WI HUD Metro FMR Area | $750 | $800 | $1,040 | $1,370 | $1,710 |
| 54859 | Duluth, MN-WI HUD Metro FMR Area | $760 | $820 | $1,060 | $1,400 | $1,740 |
| 54864 | Duluth, MN-WI HUD Metro FMR Area | $920 | $990 | $1,280 | $1,690 | $2,110 |
| 54873 | Duluth, MN-WI HUD Metro FMR Area | $650 | $690 | $900 | $1,190 | $1,480 |
| 54874 | Duluth, MN-WI HUD Metro FMR Area | $980 | $1,050 | $1,360 | $1,800 | $2,240 |
| 54880 | Duluth, MN-WI HUD Metro FMR Area | $750 | $810 | $1,050 | $1,390 | $1,730 |
| 54890 | Duluth, MN-WI HUD Metro FMR Area | $770 | $830 | $1,080 | $1,430 | $1,780 |
| 55602 | Duluth, MN-WI HUD Metro FMR Area | $830 | $900 | $1,150 | $1,520 | $1,900 |
| 55616 | Duluth, MN-WI HUD Metro FMR Area | $690 | $800 | $970 | $1,280 | $1,590 |
| 55702 | Duluth, MN-WI HUD Metro FMR Area | $840 | $900 | $1,170 | $1,540 | $1,930 |
| 55703 | Duluth, MN-WI HUD Metro FMR Area | $630 | $650 | $850 | $1,100 | $1,370 |
| 55705 | Duluth, MN-WI HUD Metro FMR Area | $670 | $720 | $940 | $1,240 | $1,550 |
| 55706 | Duluth, MN-WI HUD Metro FMR Area | $640 | $690 | $890 | $1,170 | $1,470 |
| 55707 | Duluth, MN-WI HUD Metro FMR Area | $750 | $800 | $1,040 | $1,370 | $1,710 |
| 55708 | Duluth, MN-WI HUD Metro FMR Area | $630 | $650 | $850 | $1,100 | $1,370 |
| 55710 | Duluth, MN-WI HUD Metro FMR Area | $630 | $650 | $850 | $1,100 | $1,370 |
| 55711 | Duluth, MN-WI HUD Metro FMR Area | $830 | $890 | $1,150 | $1,520 | $1,900 |
| 55713 | Duluth, MN-WI HUD Metro FMR Area | $750 | $810 | $1,050 | $1,390 | $1,730 |
| 55717 | Duluth, MN-WI HUD Metro FMR Area | $990 | $1,070 | $1,390 | $1,830 | $2,290 |
| 55718 | Duluth, MN-WI HUD Metro FMR Area | $700 | $750 | $970 | $1,280 | $1,600 |
| 55719 | Duluth, MN-WI HUD Metro FMR Area | $630 | $650 | $850 | $1,110 | $1,380 |
| 55720 | Duluth, MN-WI HUD Metro FMR Area | $810 | $870 | $1,130 | $1,490 | $1,860 |
| 55723 | Duluth, MN-WI HUD Metro FMR Area | $680 | $730 | $950 | $1,250 | $1,560 |
| 55724 | Duluth, MN-WI HUD Metro FMR Area | $780 | $840 | $1,090 | $1,440 | $1,790 |
| 55725 | Duluth, MN-WI HUD Metro FMR Area | $710 | $760 | $990 | $1,300 | $1,630 |
| 55726 | Duluth, MN-WI HUD Metro FMR Area | $800 | $860 | $1,110 | $1,470 | $1,830 |
| 55731 | Duluth, MN-WI HUD Metro FMR Area | $670 | $730 | $940 | $1,240 | $1,550 |
| 55732 | Duluth, MN-WI HUD Metro FMR Area | $1,000 | $1,070 | $1,390 | $1,840 | $2,290 |
| 55733 | Duluth, MN-WI HUD Metro FMR Area | $960 | $1,030 | $1,340 | $1,770 | $2,210 |
| 55734 | Duluth, MN-WI HUD Metro FMR Area | $700 | $750 | $970 | $1,280 | $1,600 |
| 55736 | Duluth, MN-WI HUD Metro FMR Area | $630 | $650 | $850 | $1,100 | $1,370 |
| 55738 | Duluth, MN-WI HUD Metro FMR Area | $640 | $670 | $870 | $1,150 | $1,430 |
| 55741 | Duluth, MN-WI HUD Metro FMR Area | $630 | $660 | $850 | $1,120 | $1,400 |
| 55746 | Duluth, MN-WI HUD Metro FMR Area | $630 | $650 | $850 | $1,110 | $1,380 |
| 55749 | Duluth, MN-WI HUD Metro FMR Area | $790 | $850 | $1,100 | $1,450 | $1,810 |
| 55750 | Duluth, MN-WI HUD Metro FMR Area | $660 | $710 | $920 | $1,210 | $1,510 |
| 55751 | Duluth, MN-WI HUD Metro FMR Area | $850 | $880 | $1,150 | $1,500 | $1,860 |
| 55756 | Duluth, MN-WI HUD Metro FMR Area | $730 | $790 | $1,020 | $1,350 | $1,680 |
| 55757 | Duluth, MN-WI HUD Metro FMR Area | $770 | $830 | $1,080 | $1,430 | $1,780 |
| 55758 | Duluth, MN-WI HUD Metro FMR Area | $680 | $730 | $940 | $1,250 | $1,550 |
| 55763 | Duluth, MN-WI HUD Metro FMR Area | $670 | $720 | $940 | $1,240 | $1,550 |
| 55765 | Duluth, MN-WI HUD Metro FMR Area | $630 | $650 | $850 | $1,100 | $1,370 |
| 55766 | Duluth, MN-WI HUD Metro FMR Area | $700 | $750 | $970 | $1,280 | $1,600 |
| 55767 | Duluth, MN-WI HUD Metro FMR Area | $730 | $790 | $1,020 | $1,350 | $1,680 |
| 55768 | Duluth, MN-WI HUD Metro FMR Area | $690 | $740 | $960 | $1,270 | $1,580 |
| 55769 | Duluth, MN-WI HUD Metro FMR Area | $780 | $840 | $1,090 | $1,440 | $1,790 |
| 55771 | Duluth, MN-WI HUD Metro FMR Area | $650 | $700 | $910 | $1,200 | $1,500 |
| 55779 | Duluth, MN-WI HUD Metro FMR Area | $1,040 | $1,120 | $1,450 | $1,910 | $2,390 |
| 55780 | Duluth, MN-WI HUD Metro FMR Area | $790 | $850 | $1,100 | $1,450 | $1,810 |
| 55781 | Duluth, MN-WI HUD Metro FMR Area | $630 | $650 | $850 | $1,100 | $1,370 |
| 55782 | Duluth, MN-WI HUD Metro FMR Area | $630 | $660 | $860 | $1,140 | $1,420 |
| 55783 | Duluth, MN-WI HUD Metro FMR Area | $720 | $780 | $1,010 | $1,330 | $1,660 |
| 55787 | Duluth, MN-WI HUD Metro FMR Area | $750 | $800 | $1,040 | $1,370 | $1,710 |
| 55790 | Duluth, MN-WI HUD Metro FMR Area | $870 | $930 | $1,210 | $1,600 | $1,990 |
| 55792 | Duluth, MN-WI HUD Metro FMR Area | $670 | $720 | $930 | $1,230 | $1,530 |
| 55796 | Duluth, MN-WI HUD Metro FMR Area | $780 | $840 | $1,090 | $1,440 | $1,790 |
| 55797 | Duluth, MN-WI HUD Metro FMR Area | $950 | $1,020 | $1,320 | $1,740 | $2,170 |
| 55798 | Duluth, MN-WI HUD Metro FMR Area | $630 | $650 | $850 | $1,100 | $1,370 |
| 55802 | Duluth, MN-WI HUD Metro FMR Area | $810 | $870 | $1,130 | $1,490 | $1,860 |
| 55803 | Duluth, MN-WI HUD Metro FMR Area | $1,050 | $1,130 | $1,470 | $1,940 | $2,420 |
| 55804 | Duluth, MN-WI HUD Metro FMR Area | $1,040 | $1,120 | $1,450 | $1,910 | $2,390 |
| 55805 | Duluth, MN-WI HUD Metro FMR Area | $790 | $850 | $1,100 | $1,450 | $1,810 |
| 55806 | Duluth, MN-WI HUD Metro FMR Area | $750 | $800 | $1,040 | $1,370 | $1,710 |
| 55807 | Duluth, MN-WI HUD Metro FMR Area | $730 | $790 | $1,020 | $1,350 | $1,680 |
| 55808 | Duluth, MN-WI HUD Metro FMR Area | $760 | $820 | $1,060 | $1,400 | $1,740 |
| 55810 | Duluth, MN-WI HUD Metro FMR Area | $710 | $760 | $990 | $1,310 | $1,630 |
| 55811 | Duluth, MN-WI HUD Metro FMR Area | $1,010 | $1,090 | $1,410 | $1,860 | $2,320 |
| 55812 | Duluth, MN-WI HUD Metro FMR Area | $850 | $920 | $1,190 | $1,570 | $1,960 |
| 55814 | Duluth, MN-WI HUD Metro FMR Area | $810 | $840 | $1,090 | $1,440 | $1,790 |
| 55816 | Duluth, MN-WI HUD Metro FMR Area | $780 | $840 | $1,090 | $1,440 | $1,790 |
| 56649 | Duluth, MN-WI HUD Metro FMR Area | $660 | $710 | $920 | $1,210 | $1,510 |
| 56669 | Duluth, MN-WI HUD Metro FMR Area | $830 | $870 | $1,130 | $1,470 | $1,820 |
2022 Average & Median Rent Data Statistics
DULUTH, MN-WI average 1BR rent: $813, median: $800
DULUTH, MN-WI average 2BR rent: $1,053, median: $1,040
DULUTH, MN-WI average 3BR rent: $1,388, median: $1,370
DULUTH, MN-WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,228 | $786,970,000 | $243,795 |
| Cash Out Refi | 690 | $101,310,000 | $146,826 |
| Home Improvement | 630 | $39,740,000 | $63,079 |
| Other | 554 | $51,610,000 | $93,159 |
| Refi | 404 | $162,270,000 | $401,658 |
Duluth's most frequently cited loan purpose was Home Purchase, with 3,228 originations. The 2nd most popular reason was Cash Out Refi, with 690 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,069 | $461,515,000 | $223,062 |
| 7-8% | 1,428 | $271,450,000 | $190,091 |
| 5-6% | 691 | $145,405,000 | $210,427 |
| Over 8% | 623 | $108,115,000 | $173,539 |
| 4-5% | 42 | $8,890,000 | $211,667 |
| <2.5% | 35 | $2,915,000 | $83,286 |
| 3-4% | 13 | $6,235,000 | $479,615 |
| 2.5-3% | 4 | $600,000 | $150,000 |
During 2023, Duluth's most frequently originated rate bucket was 6-7%, with 2,069 originations.
Loan Sizing (DULUTH, MN-WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,860 | $99,250,000 | $53,360 |
| $100k-200k | 1,722 | $256,100,000 | $148,722 |
| $200k-400k | 1,524 | $412,740,000 | $270,827 |
| $400k-600k | 270 | $128,140,000 | $474,593 |
| $600k-1000k | 99 | $70,645,000 | $713,586 |
| $Over $1MM | 31 | $175,025,000 | $5,645,968 |
DULUTH's loan sizing saw the bucket of loans from $100,000 or less with 1,860 originations, totaling $99,250,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,910 | $470,850,000 | $246,518 |
| 60-80% | 1,094 | $310,540,000 | $283,857 |
| Under 20% | 720 | $34,950,000 | $48,542 |
| 20-40% | 679 | $69,745,000 | $102,717 |
| 40-60% | 476 | $156,910,000 | $329,643 |
| Over 100% | 35 | $12,695,000 | $362,714 |
DULUTH's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,910 originations, totaling $470,850,000 in origination value.