DULUTH Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Duluth averaged 5.61% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.28% and one month ago for the week of 2022-04-07, the average rate was 4.83%.

Duluth's average rate one year ago was 2.96%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.44%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Duluth 30 Year Fixed Rate 2022-05-12 5.61%
Duluth 30 Year Fixed Rate Refi 2022-05-12 5.44%
Duluth 15 Year Fixed Rate 2022-05-12 4.82%
Duluth 15 Year Fixed Rate Refi 2022-05-12 4.88%
Duluth 30 Year FHA 2022-05-12 5.48%
Duluth 30 Year FHA Refi 2022-05-12 5.49%
Duluth 30 Year USDA 2022-05-12 5.55%
Duluth 30 Year USDA Refi 2022-05-12 5.4%
Duluth 30 Year VA 2022-05-12 5.46%
Duluth 30 Year VA Refi 2022-05-12 5.28%
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 lendor, 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
North Shore Bank of Commerce 525 3.07% $4,753
National Bank of Commerce 357 3.05% $4,152
QUICKEN LOANS, LLC 348 3.13% $5,005
MEMBERS COOPERATIVE 299 3.12% $3,858
U.S. Bank 289 3.10% $3,107
Wells Fargo Bank 257 3.17% $3,093
Servion, Inc. 225 3.15% $4,344
SUPERIOR CHOICE 186 2.96% $3,377
Frandsen Bank & Trust 167 3.09% $4,141
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 148 3.22% $3,496
RESULTS MORTGAGE, LLC 114 3.08% $4,678
Lend Smart Mortgage, LLC 110 3.33% $3,583
UNITED WHOLESALE MORTGAGE, LLC 109 3.06% $4,287
Bell Bank 89 3.08% $3,302
AFFINITY PLUS 84 3.12% $3,684
BROKER SOLUTIONS, INC. 64 3.37% $3,562
HANCOCK MORTGAGE PARTNERS, LLC 62 3.43% $4,665
American Bank of the North 61 2.86% $4,041
LOANDEPOT.COM, LLC 60 3.06% $4,486
Regent Financial Group, Inc. 60 3.29% $3,879
Summit Mortgage Corporation 48 3.19% $3,779
CROSSCOUNTRY MORTGAGE, LLC 48 3.12% $4,075
Northview Bank 48 2.96% $3,786
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 41 3.25% $4,355
AMERISAVE MORTGAGE CORPORATION 37 2.97% $4,439
CRESCENT MORTGAGE COMPANY 36 3.21% $4,421
COMPEER FINANCIAL, FLCA 35 3.76% $4,688
MANN FINANCIAL INC. 34 3.14% $4,814
CALIBER HOME LOANS, INC. 32 3.11% $3,657
NORTHWOODS 30 3.85% $4,218
Mr. Cooper ( Nationstar Mortgage ) 30 3.35% $5,111
Flagstar Bank, FSB 27 3.25% $3,462
Bremer Bank 26 3.17% $4,831
BETTER MORTGAGE CORPORATION 25 2.97% $2,958
PENNYMAC LOAN SERVICES, LLC 24 3.10% $4,386
WINGS FINANCIAL 23 2.90% $2,748
NEWREZ LLC 23 3.05% $3,847
JPMorgan Chase Bank 21 3.15% $3,872
Western National Bank 20 3.10% $3,405
Tradition Mortgage, LLC 19 3.04% $2,909
TOWNE MORTGAGE COMPANY 19 3.22% $3,601
Prosperity Home Mortgage, LLC 18 3.28% $3,853
Alerus Financial 18 3.05% $2,726
Baxter Credit Union 18 3.01% $3,971
Cornerstone State Bank 16 2.90% $3,319
GUARANTEED RATE, INC. 16 3.04% $3,665
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 16 2.98% $3,570
GUILD MORTGAGE COMPANY 16 3.21% $3,681
HOME POINT FINANCIAL CORPORATION 15 3.23% $3,171
BAY EQUITY LLC 14 3.19% $4,977
Bank of America 14 2.99% $4,351
Associated Bank 13 3.07% $3,465
MOVEMENT MORTGAGE, LLC 13 2.97% $4,248
Mortgages Unlimited Inc. 12 3.23% $5,361
Bankers' Bank 12 3.08% $2,352
The Huntington National Bank 12 3.07% $4,227
HIWAY 11 3.09% $3,632
FREEDOM MORTGAGE CORPORATION 11 3.22% $3,364
MEGASTAR FINANCIAL CORP. 11 3.15% $3,838
American Mortgage & Equity Consultants, Inc. 11 3.18% $3,396
Lake Area Bank 11 3.14% $4,348
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 3.52% $3,624
AMERICAN FINANCING CORPORATION 10 3.29% $3,386
Hometown Lenders, Inc. 10 3.20% $3,909
Barrington Bank & Trust Company, N.A. 10 3.21% $3,697
InterContinental Capital Group, Inc 9 3.17% $3,882
Mortgage Research Center, LLC 9 2.87% $2,968
MUTUAL OF OMAHA MORTGAGE, INC. 9 3.35% $3,148
Royal Credit Union 9 3.00% $287
Goldwater Bank, N.A. 8 3.20% $4,252
Merchants Bank 8 3.10% $4,081
Paramount Residential Mortgage Group, Inc. 8 3.26% $6,034
NAVY FEDERAL CREDIT UNION 7 3.71% $3,746
Bank of England 7 3.18% $4,034
Chicago Mortgage Solutions LLC 7 2.90% $1,457
Deerwood Bank 7 2.80% $3,232
CMG MORTGAGE, INC. 6 3.33% $5,111
AXIA FINANCIAL, LLC 6 3.44% $4,112
HOMEOWNERS FINANCIAL GROUP USA, LLC 6 3.38% $4,107
HOMESIDE FINANCIAL, LLC 6 3.02% $4,037
PLAZA HOME MORTGAGE, INC. 6 3.02% $4,925
PREMIER MORTGAGE RESOURCES, L.L.C. 6 3.44% $5,417
SOFI LENDING CORP. 6 3.06% $3,414
SPIRE Credit Union 6 3.42% $3,376
TCF National Bank 6 3.00% $3,013
Think Mutual Bank 6 3.00% $5,024
Waterstone Mortgage Corporation 6 3.29% $4,416
LEADERONE FINANCIAL CORPORATION 5 3.04% $2,864
GUARANTEED RATE AFFINITY, LLC 5 2.95% $3,722
ZILLOW HOME LOANS, LLC 5 3.00% $2,325
BMO Harris Bank 5 3.05% $3,121
ROYAL UNITED MORTGAGE LLC 5 3.28% $6,151
Johnson Bank 5 3.04% $2,170
ALTRA 5 3.34% $2,146
Cambria Financial Group, LLC 5 3.30% $3,556
CENTRICITY Credit Union 5 3.70% $5,152
HOMEBRIDGE FINANCIAL SERVICES, INC. 5 3.33% $5,624
CHERRY CREEK MORTGAGE, LLC 4 3.25% $930
CELEBRITY HOME LOANS, LLC 4 3.53% $6,028
Nations Lending Corporation 4 2.97% $7,394
CHURCHILL MORTGAGE CORPORATION 4 3.15% $2,882
GUARANTY HOME MORTGAGE CORPORATION 4 3.06% $4,756
The Federal Savings Bank 4 3.28% $3,878
Wyndham Capital Mortgage, Inc. 4 3.06% $1,046
Stifel Bank and Trust 4 2.88% $2,301
Plains Commerce Bank 4 3.03% $3,793
Colonial Savings, F.A. 4 3.09% $3,951
UNION HOME MORTGAGE CORP. 4 3.44% $3,435
First Guaranty Mortgage Corporation 3 2.96% $4,442
WESTconsin Credit Union 3 3.38% $3,337
THRIVENT Federal Credit Union 3 3.29% $2,410
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.12% $2,967
Gateway First Bank 3 3.08% $3,318
Sierra Pacific Mortgage Company, Inc. 3 3.04% $3,060
CENTRAL MINNESOTA Credit Union 3 3.31% $2,727
FINANCE OF AMERICA MORTGAGE LLC 3 3.33% $4,305
AMERICAN INTERNET MORTGAGE, INC. 3 2.75% $2,158
PROVIDENT FUNDING ASSOCIATES, L.P. 3 2.71% $3,636
Liberty Bank Minnesota 3 2.92% $2,557
POLARIS HOME FUNDING CORP. 3 3.46% $7,735
Gate City Bank 3 3.29% $7,741
Citizens Bank 3 3.00% $4,132
PARKSIDE LENDING, LLC 3 3.29% $2,337
Choice Financial Group 3 2.88% $5,526
EVERETT FINANCIAL, INC. 3 3.13% $2,202
Citizens Community Federal 3 3.29% $3,311
First Bank & Trust 3 2.88% $4,581
PNC Bank 3 3.17% $4,729
KELLER MORTGAGE, LLC 3 3.50% $3,523
CANOPY MORTGAGE, LLC 2 3.75% $3,541
First National Bank of Omaha 2 3.38% $1,963
Florida Capital Bank 2 3.19% $6,315
ENVOY MORTGAGE, LTD 2 3.44% $4,184
EMM LOANS LLC 2 3.00% $5,966
GENISYS 2 3.75% $2,583
GSF Mortgage Corporation 2 3.12% $3,636
Discover Bank 2 5.75% $0
CoVantage Credit Union 2 3.19% $2,172
HomeTown Bank 2 2.88% $5,623
Ixonia Bank 2 3.56% $4,930
LAKEVIEW LOAN SERVICING, LLC 2 3.00% $3,686
LAND HOME FINANCIAL SERVICES, INC. 2 3.19% $4,223
Liberty Savings Bank, F.S.B. 2 2.69% $7,370
Manufacturers and Traders Trust Company 2 3.50% $2,796
NBKC BANK 2 2.99% $4,466
Northpointe Bank 2 2.69% $4,143
Old National Bank 2 3.25% $3,042
PHH Mortgage Corporation 2 3.00% $5,165
AmeriHome Mortgage Company, LLC 2 3.50% $2,739
AMERICAN PACIFIC MORTGAGE CORPORATION 2 3.13% $3,810
TOTAL MORTGAGE SERVICES, LLC 2 3.25% $3,675
UNITED HOME LOANS, INC. 2 3.12% $3,392
AMERICAN FINANCIAL NETWORK, INC. 2 3.13% $7,228
VALLEY MORTGAGE, INC. 2 2.93% $3,185
VERIDIAN CREDIT UNION 2 3.25% $2,379
V.I.P. MORTGAGE, INC. 2 3.13% $3,134
Watermark Capital, Inc. 2 3.00% $2,350
Evolve Bank & Trust 2 4.06% $3,096
Fidelity Bank 2 3.19% $2,655
FIRST CENTENNIAL MORTGAGE CORPORATION 2 3.06% $2,420
American Bank and Trust Company 1 3.25% $3,595
Carrington Mortgage Services, LLC 1 3.38% $3,995
First Home Bank 1 2.75% $5,501
Northwest Federal Credit Union 1 2.75% $3,480
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.75% $8,162
NP, Inc. 1 2.99% $6,225
FIRST COMMUNITY CREDIT UNION 1 2.75% $5,105
BOKF 1 3.38% $3,073
AFFINITY 1 2.75% $2,852
BNC National Bank 1 2.50% $4,055
PENTAGON FEDERAL CREDIT UNION 1 2.75% $3,429
VAN DYK MORTGAGE CORPORATION 1 2.63% $5,606
KS StateBank 1 2.75% $2,241
KeyBank 1 3.00% $2,659
Columbia State Bank 1 3.50% $3,262
IOWA BANKERS MORTGAGE CORPORATION 1 3.00% $6,719
Ally Bank 1 3.13% $3,777
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.63% $7,385
COMPASS MORTGAGE, INC. 1 4.13% $3,319
BEST CAPITAL FUNDING 1 3.25% $2,798
INLANTA MORTGAGE, INC. 1 3.38% $4,208
Bank of the West 1 3.13% $4,799
Raymond James Bank 1 3.63% $3,515
RBC Bank, (Georgia) 1 2.63% $2,195
Bank Iowa 1 3.12% $2,814
Bank Five Nine 1 3.50% $3,218
Roundbank 1 2.63% $3,245
Axos Bank 1 2.88% $938
Connexus Credit Union 1 2.75% $1,917
S1L, Inc. 1 3.50% $6,832
Arvest Bank 1 2.88% $3,959
CORTRUST MORTGAGE, INC. 1 4.00% $3,712
SIRVA MORTGAGE, INC. 1 3.13% $0
ALLIANT CREDIT UNION 1 2.63% $3,708
SOVEREIGN LENDING GROUP INCORPORATED 1 2.63% $6,073
WNB Financial, N.A. 1 3.38% $3,443
Starion Bank 1 3.13% $2,155
ST. CLOUD FINANCIAL 1 2.88% $3,157
Zions Bancorporation, N.A. 1 2.38% $3,174
Strong Home Mortgage, LLC 1 2.88% $0
Summit Credit Union 1 3.50% $2,054
Home Federal Savings Bank 1 3.00% $5,226
First Savings Bank 1 2.75% $3,857
T2 FINANCIAL LLC 1 3.00% $3,552
Coulee Bank 1 2.88% $3,267
The Bank of New Glarus 1 3.00% $2,177
DELMAR FINANCIAL COMPANY 1 3.38% $5,267
First American Bank 1 3.00% $3,020
EAGLE HOME MORTGAGE, LLC 1 2.50% $3,241
THOMPSON KANE & COMPANY, LLC 1 3.00% $2,490
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.38% $6,211
TOPLINE FEDERAL CREDIT UNION 1 4.00% $5,404
First National Bank of America 1 7.25% $6,053
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.13% $3,954
Goldman Sachs Bank USA 1 2.75% $8,118
Truist Bank 1 3.60% $1,931
AMERICAN FINANCIAL RESOURCES, INC. 1 3.13% $5,334
UBS Bank USA 1 3.38% $3,242
First Western Trust Bank 1 3.50% $3,259
First Merchants Bank 1 2.88% $2,984
Farmers & Merchants Savings Bank 1 2.63% $2,394
University of Wisconsin Credit Union 1 2.88% $2,855
MidWestOne Bank 1 3.00% $3,836
MILEND, INC. 1 3.50% $7,384
Morgan Stanley Private Bank 1 2.60% $4,700
MORIA DEVELOPMENT, INC. 1 3.88% $2,871
Citibank 1 3.38% $2,699
Mid Penn Bank 1 3.13% $5,073
Citizens Bank Minnesota 1 2.88% $4,080
MAYO EMPLOYEES FEDERAL CREDIT UNION 1 3.25% $3,472
Charles Schwab Bank, SSB 1 2.23% $2,858
MY Credit Union 1 3.13% $3,133
CITIZENS EQUITY FIRST 1 3.50% $4,299
LOANPAL, LLC 1 3.75% $5,954
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.25% $3,015
LOANFLIGHT LENDING, LLC 1 2.50% $1,335
USAA Federal Savings Bank 1 2.75% $5,264
City National Bank 1 2.21% $20,729

DULUTH, MN-WI's 238 lenders originated 12,103 loans during 2021. The total origination value was $2,276,335,000, with an average loan value of $188,080.

The top DULUTH lender as defined by loan originations is North Shore Bank of Commerce, with 525 loans originated. Their average total fees are $4,753, which is $601 higher than the next largest lender, National Bank of Commerce.

The lowest fee DULUTH lenders (with over 10 loans originated) are Bankers' Bank ($2,352), Alerus Financial ($2,726), WINGS FINANCIAL ($2,748), Tradition Mortgage, LLC ($2,909) and BETTER MORTGAGE CORPORATION ($2,958).

The lowest rate DULUTH lenders (with over 10 loans originated) are American Bank of the North (2.86%), Cornerstone State Bank (2.90%), WINGS FINANCIAL (2.90%), SUPERIOR CHOICE (2.96%) and Northview Bank (2.96%).

DULUTH, MN-WI Lender 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
North Shore Bank of Commerce $273,470,000 $216,480,000 -20.8% 9.5%
National Bank of Commerce $232,335,000 $181,935,000 -21.7% 8.0%
QUICKEN LOANS, LLC $136,245,000 $142,705,000 4.7% 6.3%
U.S. Bank $136,375,000 $129,845,000 -4.8% 5.7%
Wells Fargo Bank $110,385,000 $101,675,000 -7.9% 4.5%
Frandsen Bank & Trust $84,460,000 $85,380,000 1.1% 3.8%
MEMBERS COOPERATIVE $72,540,000 $83,030,000 14.5% 3.6%
Servion, Inc. $69,235,000 $68,640,000 -0.9% 3.0%
SUPERIOR CHOICE $78,965,000 $61,555,000 -22.0% 2.7%
Bell Bank $82,380,000 $59,030,000 -28.3% 2.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $31,720,000 $42,455,000 33.8% 1.9%
AFFINITY PLUS $37,125,000 $38,610,000 4.0% 1.7%
Lend Smart Mortgage, LLC $32,725,000 $36,615,000 11.9% 1.6%
UNITED WHOLESALE MORTGAGE, LLC $18,070,000 $35,940,000 98.9% 1.6%
RESULTS MORTGAGE, LLC $37,905,000 $35,020,000 -7.6% 1.5%
FREEDOM MORTGAGE CORPORATION $33,010,000 $34,760,000 5.3% 1.5%
Superior Savings Bank $58,810,000 $30,170,000 -48.7% 1.3%
LOANDEPOT.COM, LLC $15,690,000 $29,165,000 85.9% 1.3%
Northview Bank $30,625,000 $26,890,000 -12.2% 1.2%
HANCOCK MORTGAGE PARTNERS, LLC $25,420,000 $25,805,000 1.5% 1.1%
American Bank of the North $54,365,000 $25,175,000 -53.7% 1.1%
Mortgage Research Center, LLC $20,085,000 $23,740,000 18.2% 1.0%
The Miners National Bank of Eveleth $32,295,000 $23,735,000 -26.5% 1.0%
Regent Financial Group, Inc. $19,850,000 $21,905,000 10.4% 1.0%
BROKER SOLUTIONS, INC. $26,625,000 $20,180,000 -24.2% 0.9%
Harbor Pointe Credit Union $16,885,000 $18,330,000 8.6% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $12,730,000 $17,550,000 37.9% 0.8%
Bremer Bank $16,555,000 $17,160,000 3.7% 0.8%
NEWREZ LLC $5,280,000 $17,135,000 224.5% 0.8%
PENNYMAC LOAN SERVICES, LLC $11,225,000 $16,910,000 50.6% 0.7%
CALIBER HOME LOANS, INC. $12,815,000 $15,545,000 21.3% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $5,645,000 $15,220,000 169.6% 0.7%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $11,115,000 $14,155,000 27.4% 0.6%
COMPEER FINANCIAL, FLCA $21,270,000 $14,045,000 -34.0% 0.6%
AMERISAVE MORTGAGE CORPORATION $9,690,000 $13,850,000 42.9% 0.6%
Summit Mortgage Corporation $14,800,000 $12,250,000 -17.2% 0.5%
Two Harbors Federal Credit Union $8,210,000 $11,885,000 44.8% 0.5%
MANN FINANCIAL INC. $10,475,000 $11,820,000 12.8% 0.5%
CENTRICITY Credit Union $13,175,000 $11,725,000 -11.0% 0.5%
NORTHWOODS $9,830,000 $11,725,000 19.3% 0.5%
BETTER MORTGAGE CORPORATION $915,000 $11,630,000 1,171.0% 0.5%
CRESCENT MORTGAGE COMPANY $5,860,000 $10,480,000 78.8% 0.5%
NORTH STAR CREDIT UNION $11,695,000 $10,205,000 -12.7% 0.4%
Western National Bank $17,715,000 $8,965,000 -49.4% 0.4%
GUILD MORTGAGE COMPANY $7,065,000 $8,780,000 24.3% 0.4%
Bank of America $3,550,000 $8,410,000 136.9% 0.4%
Lincoln Savings Bank $205,000 $8,410,000 4,002.4% 0.4%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $5,455,000 $8,245,000 51.1% 0.4%
Flagstar Bank, FSB $6,550,000 $8,210,000 25.3% 0.4%
NAVY FEDERAL CREDIT UNION $5,205,000 $7,710,000 48.1% 0.3%
Alerus Financial $3,875,000 $7,540,000 94.6% 0.3%
GUARANTEED RATE, INC. $4,755,000 $7,510,000 57.9% 0.3%
USAA Federal Savings Bank $12,070,000 $7,500,000 -37.9% 0.3%
HOME POINT FINANCIAL CORPORATION $6,350,000 $7,390,000 16.4% 0.3%
Baxter Credit Union $4,740,000 $7,015,000 48.0% 0.3%
JPMorgan Chase Bank $8,700,000 $7,015,000 -19.4% 0.3%
Tradition Mortgage, LLC $11,750,000 $6,880,000 -41.4% 0.3%
Prosperity Home Mortgage, LLC $4,750,000 $6,505,000 36.9% 0.3%
BAY EQUITY LLC $8,120,000 $6,445,000 -20.6% 0.3%
WINGS FINANCIAL $6,105,000 $6,150,000 0.7% 0.3%
Cornerstone State Bank $4,655,000 $5,930,000 27.4% 0.3%
The Huntington National Bank $105,000 $5,825,000 5,447.6% 0.3%
LAKEVIEW LOAN SERVICING, LLC $6,520,000 $5,775,000 -11.4% 0.3%
MOVEMENT MORTGAGE, LLC $2,415,000 $5,130,000 112.4% 0.2%
North Shore Federal Credit Union $7,680,000 $5,075,000 -33.9% 0.2%
TOWNE MORTGAGE COMPANY $10,185,000 $4,965,000 -51.3% 0.2%
NEW DAY FINANCIAL, LLC $4,215,000 $4,660,000 10.6% 0.2%
Lake Area Bank $3,770,000 $4,655,000 23.5% 0.2%
InterContinental Capital Group, Inc $1,625,000 $4,440,000 173.2% 0.2%
Barrington Bank & Trust Company, N.A. $5,565,000 $4,315,000 -22.5% 0.2%
The Federal Savings Bank $5,620,000 $4,085,000 -27.3% 0.2%
Associated Bank $5,270,000 $4,015,000 -23.8% 0.2%
Merchants Bank $13,135,000 $4,005,000 -69.5% 0.2%
Mortgages Unlimited Inc. $1,285,000 $3,890,000 202.7% 0.2%
American Mortgage & Equity Consultants, Inc. $4,470,000 $3,805,000 -14.9% 0.2%
BMO Harris Bank $3,875,000 $3,780,000 -2.5% 0.2%
HIWAY $3,265,000 $3,745,000 14.7% 0.2%
Think Mutual Bank $4,820,000 $3,725,000 -22.7% 0.2%
CMG MORTGAGE, INC. $1,670,000 $3,585,000 114.7% 0.2%
First Resource Bank $1,420,000 $3,580,000 152.1% 0.2%
Citizens Community Federal $2,660,000 $3,495,000 31.4% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $1,430,000 $3,455,000 141.6% 0.2%
Hometown Lenders, Inc. $145,000 $3,430,000 2,265.5% 0.2%
Royal Credit Union $3,370,000 $3,425,000 1.6% 0.2%
Farmers State Bank $3,380,000 n/a 0.1%
MEGASTAR FINANCIAL CORP. $2,850,000 $3,110,000 9.1% 0.1%
Wyndham Capital Mortgage, Inc. $1,115,000 $3,010,000 170.0% 0.1%
AMERICAN FINANCING CORPORATION $1,175,000 $3,000,000 155.3% 0.1%
Paramount Residential Mortgage Group, Inc. $2,395,000 $2,845,000 18.8% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,515,000 $2,760,000 9.7% 0.1%
Unity Bank $35,000 $2,725,000 7,685.7% 0.1%
Johnson Bank $2,445,000 $2,690,000 10.0% 0.1%
First Bank & Trust $615,000 $2,670,000 334.1% 0.1%
Bankers' Bank $2,495,000 n/a 0.1%
PLAZA HOME MORTGAGE, INC. $1,630,000 $2,465,000 51.2% 0.1%
RiverWood Bank $2,445,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $1,865,000 $2,405,000 29.0% 0.1%
CHERRY CREEK MORTGAGE, LLC $495,000 $2,380,000 380.8% 0.1%
Choice Financial Group $10,575,000 $2,360,000 -77.7% 0.1%
ALTRA $845,000 $2,350,000 178.1% 0.1%
Chicago Mortgage Solutions LLC $400,000 $2,175,000 443.8% 0.1%
Goldman Sachs Bank USA $2,175,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,090,000 $2,170,000 99.1% 0.1%
TCF National Bank $3,335,000 $2,090,000 -37.3% 0.1%
Low VA Rates, LLC $980,000 $2,085,000 112.8% 0.1%
Indianhead Credit Union $2,100,000 $2,055,000 -2.1% 0.1%
SOFI LENDING CORP. $1,545,000 $1,980,000 28.2% 0.1%
Cambria Financial Group, LLC $3,960,000 $1,970,000 -50.3% 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $665,000 $1,970,000 196.2% 0.1%
NBKC BANK $550,000 $1,930,000 250.9% 0.1%
Tradition Capital Bank $1,930,000 n/a 0.1%
Nations Lending Corporation $1,325,000 $1,925,000 45.3% 0.1%
Sierra Pacific Mortgage Company, Inc. $800,000 $1,910,000 138.8% 0.1%
Woodlands National Bank $3,910,000 $1,905,000 -51.3% 0.1%
ZILLOW HOME LOANS, LLC $670,000 $1,905,000 184.3% 0.1%
Summit Credit Union $55,000 $1,865,000 3,290.9% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,890,000 $1,840,000 -2.6% 0.1%
Bank of England $1,555,000 $1,795,000 15.4% 0.1%
PNC Bank $480,000 $1,795,000 274.0% 0.1%
AXIA FINANCIAL, LLC $815,000 $1,670,000 104.9% 0.1%
Gate City Bank $1,130,000 $1,665,000 47.3% 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $685,000 $1,620,000 136.5% 0.1%
PLANET HOME LENDING, LLC $790,000 $1,610,000 103.8% 0.1%
HOMEOWNERS FINANCIAL GROUP USA, LLC $2,565,000 $1,600,000 -37.6% 0.1%
GUARANTEED RATE AFFINITY, LLC $1,440,000 $1,595,000 10.8% 0.1%
PHH Mortgage Corporation $715,000 $1,550,000 116.8% 0.1%
MID AMERICA MORTGAGE, INC. $720,000 $1,525,000 111.8% 0.1%
Stifel Bank and Trust $1,230,000 $1,510,000 22.8% 0.1%
HOMESIDE FINANCIAL, LLC $465,000 $1,500,000 222.6% 0.1%
EVERETT FINANCIAL, INC. $6,530,000 $1,470,000 -77.5% 0.1%
Waterstone Mortgage Corporation $1,540,000 $1,470,000 -4.5% 0.1%
CELEBRITY HOME LOANS, LLC $1,460,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $1,055,000 $1,450,000 37.4% 0.1%
Deerwood Bank $1,630,000 $1,450,000 -11.0% 0.1%
Goldwater Bank, N.A. $2,310,000 $1,390,000 -39.8% 0.1%
Carrington Mortgage Services, LLC $1,025,000 $1,360,000 32.7% 0.1%
First Guaranty Mortgage Corporation $225,000 $1,355,000 502.2% 0.1%
Coulee Bank $885,000 $1,335,000 50.8% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $1,050,000 $1,325,000 26.2% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $1,295,000 $1,275,000 -1.5% 0.1%
PENTAGON FEDERAL CREDIT UNION $1,035,000 $1,245,000 20.3% 0.1%
Watermark Capital, Inc. $1,230,000 n/a 0.1%
North American Savings Bank, F.S.B. $1,210,000 $1,215,000 0.4% 0.1%
Citizens Bank $1,030,000 $1,170,000 13.6% 0.1%
Ixonia Bank $1,465,000 $1,160,000 -20.8% 0.1%
LEADERONE FINANCIAL CORPORATION $6,435,000 $1,150,000 -82.1% 0.1%
SPIRE Credit Union $810,000 $1,135,000 40.1% 0.0%
WESTconsin Credit Union $760,000 $1,120,000 47.4% 0.0%
First Federal Bank $1,895,000 $1,080,000 -43.0% 0.0%
Florida Capital Bank $855,000 $1,075,000 25.7% 0.0%
AMERICAN ADVISORS GROUP $645,000 $1,055,000 63.6% 0.0%
CANOPY MORTGAGE, LLC $1,055,000 n/a 0.0%
Chippewa Valley Bank $1,850,000 $1,045,000 -43.5% 0.0%
Plains Commerce Bank $940,000 $1,030,000 9.6% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $1,010,000 n/a 0.0%
THRIVENT Federal Credit Union $1,560,000 $1,010,000 -35.3% 0.0%
CITIZENS EQUITY FIRST $1,005,000 n/a 0.0%
Minnwest Bank $405,000 $1,005,000 148.1% 0.0%
Old National Bank $1,085,000 $995,000 -8.3% 0.0%
IOWA BANKERS MORTGAGE CORPORATION $1,085,000 $970,000 -10.6% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $465,000 $970,000 108.6% 0.0%
21ST MORTGAGE CORPORATION $225,000 $965,000 328.9% 0.0%
Morgan Stanley Private Bank $955,000 n/a 0.0%
Liberty Savings Bank, F.S.B. $700,000 $925,000 32.1% 0.0%
PARKSIDE LENDING, LLC $920,000 n/a 0.0%
MORTGAGE ACCESS CORP. $340,000 $880,000 158.8% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $315,000 $860,000 173.0% 0.0%
MidWestOne Bank $455,000 $855,000 87.9% 0.0%
KS StateBank $1,475,000 $845,000 -42.7% 0.0%
ROYAL UNITED MORTGAGE LLC $930,000 $840,000 -9.7% 0.0%
UNION HOME MORTGAGE CORP. $240,000 $840,000 250.0% 0.0%
City National Bank $335,000 $825,000 146.3% 0.0%
TOTAL MORTGAGE SERVICES, LLC $825,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $640,000 $800,000 25.0% 0.0%
BNC National Bank $205,000 $800,000 290.2% 0.0%
Manufacturers and Traders Trust Company $425,000 $795,000 87.1% 0.0%
Northpointe Bank $395,000 $795,000 101.3% 0.0%
Strong Home Mortgage, LLC $430,000 $770,000 79.1% 0.0%
Commerce Bank $285,000 $765,000 168.4% 0.0%
Magnolia Bank $320,000 $730,000 128.1% 0.0%
Colonial Savings, F.A. $325,000 $715,000 120.0% 0.0%
UNITED HOME LOANS, INC. $715,000 n/a 0.0%
Arvest Bank $710,000 n/a 0.0%
REVERSE MORTGAGE FUNDING LLC $285,000 $710,000 149.1% 0.0%
Neighborhood National Bank $2,150,000 $705,000 -67.2% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $4,525,000 $700,000 -84.5% 0.0%
FIRST CENTENNIAL MORTGAGE CORPORATION $430,000 $690,000 60.5% 0.0%
KELLER MORTGAGE, LLC $1,115,000 $670,000 -39.9% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $895,000 $660,000 -26.3% 0.0%
CENTRAL MINNESOTA Credit Union $375,000 $660,000 76.0% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $485,000 $660,000 36.1% 0.0%
First American Bank $650,000 n/a 0.0%
EMM LOANS LLC $115,000 $640,000 456.5% 0.0%
American National Bank of Minnesota $1,195,000 $635,000 -46.9% 0.0%
ACCELERATE MORTGAGE, LLC $235,000 $630,000 168.1% 0.0%
Manufacturers Bank & Trust Company $630,000 n/a 0.0%
Meridian Bank Corporation $1,685,000 $630,000 -62.6% 0.0%
Discover Bank $300,000 $625,000 108.3% 0.0%
POLARIS HOME FUNDING CORP. $330,000 $625,000 89.4% 0.0%
Roundbank $965,000 $625,000 -35.2% 0.0%
Paramount Bank $340,000 $620,000 82.4% 0.0%
HomeTown Bank $610,000 n/a 0.0%
TOPLINE FEDERAL CREDIT UNION $2,335,000 $610,000 -73.9% 0.0%
ENVOY MORTGAGE, LTD $1,370,000 $605,000 -55.8% 0.0%
IDEAL $605,000 n/a 0.0%
Gateway First Bank $1,020,000 $585,000 -42.6% 0.0%
Liberty Bank Minnesota $1,215,000 $585,000 -51.9% 0.0%
Figure Lending LLC $140,000 $575,000 310.7% 0.0%
First International Bank & Trust $175,000 $575,000 228.6% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $155,000 $575,000 271.0% 0.0%
The First National Bank of River Falls $315,000 $575,000 82.5% 0.0%
VERIDIAN CREDIT UNION $570,000 n/a 0.0%
TOWN AND COUNTRY Credit Union $560,000 n/a 0.0%
STEARNS LENDING, LLC $405,000 $545,000 34.6% 0.0%
First State Bank and Trust $945,000 $540,000 -42.9% 0.0%
First Western Bank & Trust $535,000 n/a 0.0%
NP, Inc. $330,000 $520,000 57.6% 0.0%
St. Paul Federal Credit Union $155,000 $515,000 232.3% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $330,000 $510,000 54.5% 0.0%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $295,000 $510,000 72.9% 0.0%
GENISYS $510,000 n/a 0.0%
V.I.P. MORTGAGE, INC. $510,000 n/a 0.0%
Lakeview Community Capital, LLC $500,000 n/a 0.0%
Bridgewater Bank $5,730,000 $485,000 -91.5% 0.0%
Sunflower Bank $485,000 n/a 0.0%
CITY-COUNTY CREDIT UNION $195,000 $470,000 141.0% 0.0%
Lake Elmo Bank $470,000 n/a 0.0%
F & M Community Bank $340,000 $460,000 35.3% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $1,200,000 $455,000 -62.1% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $655,000 $450,000 -31.3% 0.0%
Bank Midwest $185,000 $430,000 132.4% 0.0%
CONTOUR MORTGAGE CORPORATION $430,000 n/a 0.0%
LOANPAL, LLC $605,000 $430,000 -28.9% 0.0%
Columbia State Bank $425,000 n/a 0.0%
BELEM SERVICING LLC $420,000 n/a 0.0%
Home Federal Savings Bank $135,000 $415,000 207.4% 0.0%
LOANFLIGHT LENDING, LLC $415,000 n/a 0.0%
GSF Mortgage Corporation $1,805,000 $410,000 -77.3% 0.0%
BEST CAPITAL FUNDING $405,000 n/a 0.0%
Hiawatha National Bank $340,000 $405,000 19.1% 0.0%
American Bank and Trust Company $395,000 n/a 0.0%
VALLEY MORTGAGE, INC. $390,000 n/a 0.0%
DELMAR FINANCIAL COMPANY $375,000 n/a 0.0%
MARINE $150,000 $375,000 150.0% 0.0%
Fidelity Bank $485,000 $370,000 -23.7% 0.0%
Bank of the West $370,000 $365,000 -1.4% 0.0%
MILEND, INC. $285,000 $365,000 28.1% 0.0%
THOMPSON KANE & COMPANY, LLC $365,000 n/a 0.0%
Valley National Bank $365,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $155,000 $360,000 132.3% 0.0%
First Savings Bank $465,000 $360,000 -22.6% 0.0%
Toyota Financial Savings Bank $355,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $350,000 n/a 0.0%
Citibank $145,000 $345,000 137.9% 0.0%
FIRST COMMUNITY CREDIT UNION $345,000 n/a 0.0%
Zions Bancorporation, N.A. $345,000 n/a 0.0%
Simmons Bank $335,000 n/a 0.0%
Starion Bank $335,000 n/a 0.0%
VAN DYK MORTGAGE CORPORATION $335,000 n/a 0.0%
First Western Trust Bank $165,000 $330,000 100.0% 0.0%
Northern State Bank $825,000 $330,000 -60.0% 0.0%
American State Bank $325,000 n/a 0.0%
Bank of Wisconsin Dells $195,000 $325,000 66.7% 0.0%
First National Bank of Omaha $320,000 n/a 0.0%
Sherburne State Bank $160,000 $320,000 100.0% 0.0%
SOUTHPOINT FINANCIAL $465,000 $310,000 -33.3% 0.0%
Axos Bank $305,000 n/a 0.0%
SIRVA MORTGAGE, INC. $275,000 $305,000 10.9% 0.0%
Abbott Laboratories Employees Credit Union $295,000 $295,000 0.0% 0.0%
FLAT BRANCH MORTGAGE, INC. $590,000 $295,000 -50.0% 0.0%
RBC Bank, (Georgia) $295,000 n/a 0.0%
FAY SERVICING, LLC $85,000 $285,000 235.3% 0.0%
GENEVA FINANCIAL, LLC $255,000 $285,000 11.8% 0.0%
Northwest Federal Credit Union $165,000 $285,000 72.7% 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $280,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $280,000 n/a 0.0%
CLEARPATH LENDING $275,000 n/a 0.0%
Prospect Bank $275,000 n/a 0.0%
The Equitable Bank, S.S.B. $275,000 n/a 0.0%
TJC Mortgage, Inc. $610,000 $275,000 -54.9% 0.0%
Triumph Bank $245,000 $275,000 12.2% 0.0%
Farmers Bank & Trust $265,000 n/a 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $265,000 n/a 0.0%
Residential Mortgage Solutions, Inc. $265,000 n/a 0.0%
Ally Bank $260,000 n/a 0.0%
Citizens Bank Minnesota $250,000 $260,000 4.0% 0.0%
OCEANSIDE MORTGAGE COMPANY $355,000 $260,000 -26.8% 0.0%
First Internet Bank of Indiana $255,000 n/a 0.0%
KeyBank $185,000 $255,000 37.8% 0.0%
ALLIANT CREDIT UNION $250,000 n/a 0.0%
Hills Bank and Trust Company $250,000 n/a 0.0%
University of Wisconsin Credit Union $125,000 $250,000 100.0% 0.0%
AFFINITY $245,000 n/a 0.0%
FBC MORTGAGE, LLC $245,000 n/a 0.0%
Midwest Bank $640,000 $240,000 -62.5% 0.0%
HomePromise Corporation $235,000 n/a 0.0%
IncredibleBank $320,000 $235,000 -26.6% 0.0%
Bank Five Nine $430,000 $225,000 -47.7% 0.0%
EAGLE HOME MORTGAGE, LLC $225,000 n/a 0.0%
First Merchants Bank $335,000 $225,000 -32.8% 0.0%
Mid-Continent Funding, Inc. $585,000 $225,000 -61.5% 0.0%
American National Bank $135,000 $215,000 59.3% 0.0%
INLANTA MORTGAGE, INC. $1,075,000 $215,000 -80.0% 0.0%
LENDSURE MORTGAGE CORP. $215,000 n/a 0.0%
OPEN MORTGAGE, LLC $300,000 $215,000 -28.3% 0.0%
Peoples State Bank of Plainview $135,000 $215,000 59.3% 0.0%
T2 FINANCIAL LLC $215,000 n/a 0.0%
UBS Bank USA $790,000 $215,000 -72.8% 0.0%
Auto Club Trust, FSB $240,000 $205,000 -14.6% 0.0%
IMPAC MORTGAGE CORP. $205,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $230,000 $205,000 -10.9% 0.0%
S1L, Inc. $205,000 n/a 0.0%
Security Bank $100,000 $205,000 105.0% 0.0%
Sunrise Banks $175,000 $205,000 17.1% 0.0%
TOGETHER CREDIT UNION $205,000 n/a 0.0%
ALLIED MORTGAGE GROUP, INC. $305,000 $195,000 -36.1% 0.0%
COMPASS MORTGAGE, INC. $195,000 n/a 0.0%
Farmers & Merchants Savings Bank $700,000 $195,000 -72.1% 0.0%
Mid Penn Bank $195,000 n/a 0.0%
Bay Bank $185,000 n/a 0.0%
Raymond James Bank $185,000 n/a 0.0%
MY Credit Union $365,000 $175,000 -52.1% 0.0%
RELIANCE FIRST CAPITAL, LLC $135,000 $175,000 29.6% 0.0%
WNB Financial, N.A. $175,000 n/a 0.0%
CoVantage Credit Union $170,000 n/a 0.0%
Evolve Bank & Trust $135,000 $170,000 25.9% 0.0%
Bank Iowa $165,000 n/a 0.0%
FirstBank $165,000 $165,000 0.0% 0.0%
First Home Bank $595,000 $165,000 -72.3% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $195,000 $165,000 -15.4% 0.0%
Republic Bank & Trust Company $165,000 n/a 0.0%
The Bank of New Glarus $45,000 $165,000 266.7% 0.0%
First National Community Bank $815,000 $155,000 -81.0% 0.0%
Kirkwood Bank & Trust Co. $155,000 n/a 0.0%
Landmark Credit Union $155,000 n/a 0.0%
RESIDENTIAL BANCORP. $155,000 n/a 0.0%
Union State Bank of Fargo $155,000 n/a 0.0%
United States Senate Federal Credit Union $155,000 n/a 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $145,000 n/a 0.0%
Austin Capital Bank SSB $145,000 n/a 0.0%
BOKF $145,000 n/a 0.0%
Equity Prime Mortgage LLC $145,000 n/a 0.0%
First Dakota National Bank $145,000 n/a 0.0%
Peoples Bank $115,000 $145,000 26.1% 0.0%
Truist Bank $395,000 $145,000 -63.3% 0.0%
MINNCO CREDIT UNION $135,000 n/a 0.0%
SPRING EQ, LLC $260,000 $130,000 -50.0% 0.0%
CCM Finance, LLC $125,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $125,000 n/a 0.0%
First National Bank of America $120,000 n/a 0.0%
Charles Schwab Bank, SSB $115,000 n/a 0.0%
CORTRUST MORTGAGE, INC. $305,000 $115,000 -62.3% 0.0%
Foresight Bank $115,000 n/a 0.0%
MAYO EMPLOYEES FEDERAL CREDIT UNION $1,320,000 $115,000 -91.3% 0.0%
RUOFF MORTGAGE COMPANY, INC. $340,000 $115,000 -66.2% 0.0%
Capitol Bank $105,000 n/a 0.0%
DHI MORTGAGE COMPANY, LTD. $105,000 n/a 0.0%
DOMINION FINANCIAL SERVICES, LLC $105,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $235,000 $105,000 -55.3% 0.0%
ST. CLOUD FINANCIAL $200,000 $105,000 -47.5% 0.0%
TRIAD FINANCIAL SERVICES, INC. $70,000 $95,000 35.7% 0.0%
UMB Bank $95,000 n/a 0.0%
Centier Bank $275,000 $90,000 -67.3% 0.0%
SHAREPOINT CREDIT UNION $210,000 $85,000 -59.5% 0.0%
Dairy State Bank $70,000 $70,000 0.0% 0.0%
American Heritage National Bank $65,000 n/a 0.0%
BANKWEST, INC. $55,000 $65,000 18.2% 0.0%
QUORUM FEDERAL CREDIT UNION $185,000 $65,000 -64.9% 0.0%
Connexus Credit Union $55,000 n/a 0.0%
American Investors Bank and Mortgage $45,000 n/a 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $45,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $40,000 n/a 0.0%

DULUTH's top lender by overall market share is North Shore Bank of Commerce, with 9.5% market share. In second place, with 8.0%, is National Bank of Commerce, having originated $181,935,000 in loans. In third place, with 6.3%, is QUICKEN LOANS, LLC, having originated $142,705,000 in loans. In third place, with 5.7%, is U.S. Bank, having originated $129,845,000 in loans. In third place, with 4.5%, is Wells Fargo Bank, having originated $101,675,000 in loans.


DULUTH, MN-WI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 4,531 $954,285,000 $210,612
Refi 4,183 $780,385,000 $186,561
Cash Out Refi 2,766 $480,720,000 $173,796
Other 330 $34,460,000 $104,424
Home Improvement 292 $26,440,000 $90,548
NA 1 $45,000 $45,000

Duluth's most frequently cited loan purpose was Home Purchase, with 4,531 originations. The 2nd most popular reason was Refi, with 4,183 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 4,128 $826,870,000 $200,308
3-4% 4,028 $788,960,000 $195,869
<2.5% 2,321 $435,615,000 $187,684
4-5% 620 $93,390,000 $150,629
5-6% 150 $12,180,000 $81,200
6-7% 34 $2,350,000 $69,118
Over 8% 23 $1,305,000 $56,739
7-8% 21 $985,000 $46,905

During 2021, Duluth's most frequently originated rate bucket was 2.5-3%, with 4,128 originations.

Loan Sizing (DULUTH, MN-WI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 5,451 $803,215,000 $147,352
$200k-400k 3,441 $924,045,000 $268,540
$100,000 or less 2,599 $167,125,000 $64,304
$400k-600k 463 $220,185,000 $475,562
$600k-1000k 114 $86,340,000 $757,368
$Over $1MM 35 $75,425,000 $2,155,000

DULUTH's loan sizing saw the bucket of loans from $100k-200k with 5,451 originations, totaling $803,215,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 4,155 $881,755,000 $212,215
80-100% 3,944 $832,260,000 $211,019
40-60% 1,637 $264,245,000 $161,420
20-40% 697 $71,315,000 $102,317
Under 20% 464 $18,710,000 $40,323
Over 100% 60 $16,810,000 $280,167

DULUTH's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 4,155 originations, totaling $881,755,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - DULUTH (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 $165,000 (5.9%) $262,259 (9.2%) 0.61 1,392
2018-02-01 $169,000 (7.3%) $267,641 (8.8%) 0.61 1,363
2018-03-01 $184,900 (12.1%) $287,060 (14.6%) 0.64 1,406
2018-04-01 $189,700 (11.7%) $294,426 (17.2%) 0.64 1,470
2018-05-01 $192,400 (7.2%) $295,046 (15.0%) 0.64 1,695
2018-06-01 $193,900 (7.8%) $287,258 (12.1%) 0.65 1,995
2018-07-01 $192,000 (6.7%) $277,648 (5.2%) 0.64 2,090
2018-08-01 $189,250 (5.2%) $270,616 (-0.7%) 0.63 2,066
2018-09-01 $189,900 (6.7%) $271,208 (1.0%) 0.64 2,048
2018-10-01 $187,900 (7.4%) $270,873 (4.0%) 0.63 1,989
2018-11-01 $185,000 (9.5%) $267,162 (4.5%) 0.62 1,803
2018-12-01 $182,000 (10.3%) $265,056 (2.4%) 0.62 1,603
2019-01-01 $180,950 (9.7%) $278,437 (6.2%) 0.62 1,277
2019-02-01 $179,450 (6.2%) $273,865 (2.3%) 0.60 1,238
2019-03-01 $196,529 (6.3%) $282,759 (-1.5%) 0.64 1,284
2019-04-01 $219,900 (15.9%) $291,632 (-1.0%) 0.69 1,376
2019-05-01 $219,500 (14.1%) $296,105 (0.4%) 0.68 1,546
2019-06-01 $214,777 (10.8%) $290,480 (1.1%) 0.66 1,767
2019-07-01 $212,450 (10.7%) $289,386 (4.2%) 0.66 1,904
2019-08-01 $195,671 (3.4%) $282,580 (4.4%) 0.62 1,954
2019-09-01 $190,621 (0.4%) $275,467 (1.6%) 0.61 1,923
2019-10-01 $197,450 (5.1%) $275,992 (1.9%) 0.63 1,858
2019-11-01 $199,900 (8.1%) $277,673 (3.9%) 0.65 1,606
2019-12-01 $199,450 (9.6%) $279,793 (5.6%) 0.66 1,345
2020-01-01 $199,000 (10.0%) $287,660 (3.3%) 0.66 1,120
2020-02-01 $218,000 (21.5%) $307,747 (12.4%) 0.70 1,039
2020-03-01 $234,950 (19.6%) $328,511 (16.2%) 0.73 1,063
2020-04-01 $239,000 (8.7%) $326,623 (12.0%) 0.74 1,137
2020-05-01 $235,000 (7.1%) $319,735 (8.0%) 0.71 1,215
2020-06-01 $239,000 (11.3%) $322,664 (11.1%) 0.70 1,241
2020-07-01 $235,750 (11.0%) $324,685 (12.2%) 0.68 1,199
2020-08-01 $239,000 (22.1%) $322,973 (14.3%) 0.68 1,129
2020-09-01 $229,450 (20.4%) $319,311 (15.9%) 0.66 1,022
2020-10-01 $224,900 (13.9%) $324,443 (17.6%) 0.64 954
2020-11-01 $224,450 (12.3%) $331,795 (19.5%) 0.64 825
2020-12-01 $222,000 (11.3%) $337,273 (20.5%) 0.65 701
2021-01-01 $220,000 (10.6%) $351,072 (22.0%) 0.65 525
2021-02-01 $225,000 (3.2%) $359,881 (16.9%) 0.65 428
2021-03-01 $227,450 (-3.2%) $363,911 (10.8%) 0.64 413
2021-04-01 $237,250 (-0.7%) $367,106 (12.4%) 0.64 444
2021-05-01 $229,500 (-2.3%) $349,773 (9.4%) 0.60 539
2021-06-01 $227,450 (-4.8%) $337,805 (4.7%) 0.59 673
2021-07-01 $216,950 (-8.0%) $324,514 (-0.1%) 0.56 729
2021-08-01 $209,950 (-12.2%) $312,941 (-3.1%) 0.55 737
2021-09-01 $211,750 (-7.7%) $315,762 (-1.1%) 0.56 681
2021-10-01 $199,900 (-11.1%) $285,989 (-11.9%) 0.53 646
2021-11-01 $210,000 (-6.4%) $304,753 (-8.2%) 0.55 506
2021-12-01 $196,950 (-11.3%) $302,584 (-10.3%) 0.53 407
2022-01-01 $199,000 (-9.6%) $317,441 (-9.6%) 0.53 362
2022-02-01 $226,950 (0.9%) $364,955 (1.4%) 0.58 296
2022-03-01 $249,950 (9.9%) $385,764 (6.0%) 0.62 287
2022-04-01 $265,000 (11.7%) $373,680 (1.8%) 0.62 333
DULUTH's median listing price for 2022-04-01 was $265,000, a difference of $27,750 (11.7%) versus the prior year and $15,050 versus the prior month.

DULUTH's median listing price comes in at 62% of the national average.

DULUTH's average listing price for 2022-04-01 was $373,680, a difference of $6,574 (1.8%) versus the prior year and $-12,084 versus the prior month.

For the 2022-04-01 period, DULUTH had 333 MLS listings, a difference of 46 listings (16%) versus the prior month and -111 listings (-25%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - DULUTH (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 121 days 1,516 sqft
2018-02-01 120 days 1,526 sqft
2018-03-01 99 days 1,574 sqft
2018-04-01 80 days 1,585 sqft
2018-05-01 67 days 1,580 sqft
2018-06-01 57 days 1,580 sqft
2018-07-01 65 days 1,584 sqft
2018-08-01 73 days 1,585 sqft
2018-09-01 81 days 1,568 sqft
2018-10-01 88 days 1,512 sqft
2018-11-01 98 days 1,500 sqft
2018-12-01 119 days 1,482 sqft
2019-01-01 128 days 1,489 sqft
2019-02-01 138 days 1,500 sqft
2019-03-01 134 days 1,542 sqft
2019-04-01 100 days 1,609 sqft
2019-05-01 69 days 1,596 sqft
2019-06-01 57 days 1,568 sqft
2019-07-01 62 days 1,564 sqft
2019-08-01 70 days 1,507 sqft
2019-09-01 80 days 1,435 sqft
2019-10-01 87 days 1,417 sqft
2019-11-01 100 days 1,422 sqft
2019-12-01 121 days 1,432 sqft
2020-01-01 133 days 1,456 sqft
2020-02-01 147 days 1,464 sqft
2020-03-01 141 days 1,493 sqft
2020-04-01 98 days 1,505 sqft
2020-05-01 79 days 1,508 sqft
2020-06-01 70 days 1,500 sqft
2020-07-01 64 days 1,541 sqft
2020-08-01 63 days 1,568 sqft
2020-09-01 66 days 1,504 sqft
2020-10-01 67 days 1,508 sqft
2020-11-01 78 days 1,454 sqft
2020-12-01 90 days 1,460 sqft
2021-01-01 108 days 1,425 sqft
2021-02-01 117 days 1,419 sqft
2021-03-01 93 days 1,472 sqft
2021-04-01 51 days 1,569 sqft
2021-05-01 37 days 1,549 sqft
2021-06-01 35 days 1,542 sqft
2021-07-01 41 days 1,491 sqft
2021-08-01 48 days 1,439 sqft
2021-09-01 56 days 1,453 sqft
2021-10-01 54 days 1,446 sqft
2021-11-01 62 days 1,480 sqft
2021-12-01 76 days 1,440 sqft
2022-01-01 85 days 1,406 sqft
2022-02-01 93 days 1,472 sqft
2022-03-01 67 days 1,592 sqft
2022-04-01 37 days 1,568 sqft
DULUTH's median listing age (time on market) for 2022-04-01 was 37 days. This is -27% shorter than the same period one year ago.

DULUTH's median square footage for active listings during the 2022-04-01 period was 1,568 sqft. One year prior, the average listing was 1,569 sqft.