Faribault - Northfield Mortgage Rates

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

30 Year Fixed Rate mortgages in Faribault - Northfield averaged 5.79% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 5.86% and one month ago for the week of 2022-05-19, the average rate was 5.53%.

Faribault - Northfield's average rate one year ago was 3.29%.

For refis of the same type during the week of 2022-06-23, the average rate was 5.91%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Faribault - Northfield 30 Year Fixed Rate 2022-06-23 5.79%
Faribault - Northfield 30 Year Fixed Rate Refi 2022-06-23 5.91%
Faribault - Northfield 15 Year Fixed Rate 2022-06-23 4.93%
Faribault - Northfield 15 Year Fixed Rate Refi 2022-06-23 5.33%
Faribault - Northfield 30 Year FHA 2022-06-23 0.16%
Faribault - Northfield 30 Year FHA Refi 2022-06-23 -0.19%
Faribault - Northfield 30 Year USDA 2022-06-23 -0.43%
Faribault - Northfield 30 Year USDA Refi 2022-06-23 -0.02%
Faribault - Northfield 30 Year VA 2022-06-23 -0.01%
Faribault - Northfield 30 Year VA Refi 2022-06-23 0.09%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Faribault-Northfield, MN.

Faribault - Northfield 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 Faribault-Northfield, MN 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
Wells Fargo Bank 128 3.06% $3,619
GUARANTEED RATE, INC. 88 3.14% $3,568
QUICKEN LOANS, LLC 83 3.07% $5,045
Bell Bank 78 3.03% $3,618
CROSSCOUNTRY MORTGAGE, LLC 69 3.14% $4,219
Frandsen Bank & Trust 48 2.97% $4,359
LOANDEPOT.COM, LLC 46 3.08% $4,218
AFFINITY PLUS 41 3.08% $4,077
Prosperity Home Mortgage, LLC 39 3.30% $3,650
UNITED WHOLESALE MORTGAGE, LLC 30 2.96% $4,164
Merchants Bank 30 3.01% $3,986
PENNYMAC LOAN SERVICES, LLC 29 2.97% $4,195
U.S. Bank 28 3.11% $3,106
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 23 3.21% $3,884
Tradition Mortgage, LLC 22 3.18% $2,991
TOWNE MORTGAGE COMPANY 22 3.03% $5,305
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 18 3.07% $3,205
WINGS FINANCIAL 18 2.89% $3,177
Flagstar Bank, FSB 13 3.18% $4,120
American Mortgage & Equity Consultants, Inc. 13 3.05% $4,288
BROKER SOLUTIONS, INC. 13 3.28% $4,539
Mr. Cooper ( Nationstar Mortgage ) 13 3.41% $4,913
Plains Commerce Bank 12 3.03% $5,834
AMERISAVE MORTGAGE CORPORATION 12 2.69% $5,090
AXIA FINANCIAL, LLC 12 3.32% $3,815
COMPEER FINANCIAL, FLCA 11 3.92% $4,229
Alerus Financial 11 2.89% $2,930
Roundbank 11 2.86% $5,552
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 10 3.35% $4,791
GUARANTEED RATE AFFINITY, LLC 10 3.01% $4,104
CALIBER HOME LOANS, INC. 10 3.06% $2,961
AMERICAN PORTFOLIO MORTGAGE CORPORATION 10 3.20% $3,778
BAY EQUITY LLC 9 3.17% $3,171
NEWREZ LLC 9 3.13% $4,505
Goldwater Bank, N.A. 9 3.35% $5,428
Cambria Financial Group, LLC 8 3.13% $5,313
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.13% $4,423
Summit Mortgage Corporation 7 3.21% $4,320
JPMorgan Chase Bank 7 3.05% $2,455
PLAZA HOME MORTGAGE, INC. 7 3.00% $5,709
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 3.19% $4,184
Mortgages Unlimited Inc. 6 3.04% $6,384
ENVOY MORTGAGE, LTD 6 3.04% $3,506
LEADERONE FINANCIAL CORPORATION 6 2.94% $2,388
GUARANTY HOME MORTGAGE CORPORATION 6 3.12% $4,569
Barrington Bank & Trust Company, N.A. 5 3.37% $4,801
EVERETT FINANCIAL, INC. 5 3.35% $1,789
Nations Lending Corporation 5 2.95% $7,188
Cornerstone State Bank 5 2.88% $4,451
MEGASTAR FINANCIAL CORP. 4 3.22% $3,722
KELLER MORTGAGE, LLC 4 3.06% $2,585
Lend Smart Mortgage, LLC 4 3.13% $5,136
HOMESIDE FINANCIAL, LLC 3 3.00% $7,851
HIWAY 3 3.13% $4,796
HOME POINT FINANCIAL CORPORATION 3 2.79% $2,928
FREEDOM MORTGAGE CORPORATION 3 3.13% $3,283
Bank of England 3 3.21% $4,509
Baxter Credit Union 3 2.92% $2,966
Bremer Bank 3 2.92% $3,568
AMERICAN FINANCING CORPORATION 3 3.29% $4,155
Think Mutual Bank 3 3.17% $5,072
Paramount Residential Mortgage Group, Inc. 3 3.25% $4,019
MOVEMENT MORTGAGE, LLC 3 3.19% $3,587
CMG MORTGAGE, INC. 3 3.29% $5,154
Hometown Lenders, Inc. 3 3.00% $5,199
First Savings Bank 2 2.94% $3,182
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 3.38% $6,207
First Bank & Trust 2 2.88% $3,521
InterContinental Capital Group, Inc 2 3.31% $4,250
IOWA BANKERS MORTGAGE CORPORATION 2 2.88% $5,915
Ixonia Bank 2 3.75% $5,016
Coulee Bank 2 3.06% $4,214
KS StateBank 2 3.00% $1,672
Lake Area Bank 2 3.19% $4,141
Manufacturers and Traders Trust Company 2 3.19% $4,229
Citizens Community Federal 2 2.88% $2,109
PLUS RELOCATION MORTGAGE, LLC 2 2.94% $2,828
BETTER MORTGAGE CORPORATION 2 2.81% $4,092
Royal Credit Union 2 3.25% $0
Servion, Inc. 2 2.94% $5,269
Bank of America 2 3.25% $4,862
TOPLINE FEDERAL CREDIT UNION 2 2.63% $3,858
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.38% $1,887
UNION HOME MORTGAGE CORP. 2 2.88% $2,619
AmeriHome Mortgage Company, LLC 2 3.25% $2,669
First National Bank 2 2.56% $3,017
First Guaranty Mortgage Corporation 1 3.13% $5,603
Commerce Bank 1 3.50% $3,902
MEMBERS COOPERATIVE 1 2.75% $5,582
Discover Bank 1 3.99% $0
Mid Penn Bank 1 3.00% $4,811
MILEND, INC. 1 2.50% $3,998
Citizens State Bank of La Crosse 1 3.00% $2,100
EMM LOANS LLC 1 2.99% $4,849
Assurance Financial Group, L.L.C. 1 2.99% $4,707
MY Credit Union 1 3.13% $3,804
Chicago Mortgage Solutions LLC 1 2.75% $1,185
NAVY FEDERAL CREDIT UNION 1 3.00% $1,903
NBKC BANK 1 2.75% $1,226
Carrington Mortgage Services, LLC 1 2.75% $5,444
Northpointe Bank 1 3.25% $5,268
Farmers & Merchants Savings Bank 1 2.50% $1,479
CANOPY MORTGAGE, LLC 1 2.88% $1,950
PHH Mortgage Corporation 1 3.38% $3,772
GENISYS 1 3.75% $3,478
BNC National Bank 1 3.13% $3,336
Associated Bank 1 3.13% $1,649
PREMIA MORTGAGE, LLC 1 2.75% $0
BMO Harris Bank 1 2.88% $3,908
Waterstone Mortgage Corporation 1 3.25% $2,665
Gateway First Bank 1 3.25% $2,373
Quontic Bank 1 6.00% $7,606
RELIANCE FIRST CAPITAL, LLC 1 2.88% $4,897
RESULTS MORTGAGE, LLC 1 2.88% $3,554
Gate City Bank 1 2.25% $3,011
American Bank of the North 1 2.88% $2,913
S1L, Inc. 1 3.25% $3,675
First National Bank of Omaha 1 3.13% $3,379
SHAREPOINT CREDIT UNION 1 3.13% $2,183
Sierra Pacific Mortgage Company, Inc. 1 3.00% $3,081
SOFI LENDING CORP. 1 3.00% $2,743
SPIRE Credit Union 1 3.13% $4,508
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.25% $3,197
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.88% $5,527
GUILD MORTGAGE COMPANY 1 2.75% $2,220
HomeTown Bank 1 3.25% $2,116
GUIDANCE RESIDENTIAL, LLC 1 3.00% $4,251
USAA Federal Savings Bank 1 2.88% $4,392
Sunflower Bank 1 2.99% $4,748
SUN WEST MORTGAGE COMPANY, INC. 1 3.23% $1,395
The Huntington National Bank 1 4.08% $4,478
WESTconsin Credit Union 1 3.13% $5,613
First Federal Bank 1 2.75% $3,885
THRIVENT Federal Credit Union 1 2.88% $3,530
LAKEVIEW LOAN SERVICING, LLC 1 3.63% $2,515
Core Bank 1 3.13% $2,611
ALTRA 1 3.10% $2,434
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.00% $2,905
Liberty Bank Minnesota 1 3.00% $3,079
COMPASS MORTGAGE, INC. 1 3.63% $4,021

Faribault-Northfield, MN's 140 lenders originated 2,958 loans during 2021. The total origination value was $731,540,000, with an average loan value of $247,309.

The top Faribault - Northfield lender as defined by loan originations is Wells Fargo Bank, with 128 loans originated. Their average total fees are $3,619, which is $51 higher than the next largest lender, GUARANTEED RATE, INC..

The lowest fee Faribault - Northfield lenders (with over 10 loans originated) are Alerus Financial ($2,930), CALIBER HOME LOANS, INC. ($2,961), Tradition Mortgage, LLC ($2,991), U.S. Bank ($3,106) and WINGS FINANCIAL ($3,177).

The lowest rate Faribault - Northfield lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.69%), Roundbank (2.86%), Alerus Financial (2.89%), WINGS FINANCIAL (2.89%) and UNITED WHOLESALE MORTGAGE, LLC (2.96%).

Faribault-Northfield, MN 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
Wells Fargo Bank $46,850,000 $50,535,000 7.9% 6.9%
QUICKEN LOANS, LLC $34,340,000 $40,795,000 18.8% 5.6%
GUARANTEED RATE, INC. $29,430,000 $33,120,000 12.5% 4.5%
CROSSCOUNTRY MORTGAGE, LLC $9,380,000 $32,380,000 245.2% 4.4%
Bell Bank $26,885,000 $30,240,000 12.5% 4.1%
The State Bank of Faribault $30,450,000 $25,110,000 -17.5% 3.4%
LOANDEPOT.COM, LLC $13,330,000 $23,130,000 73.5% 3.2%
NORTHMARQ CAPITAL FINANCE, L.L.C. $22,065,000 n/a 3.0%
Frandsen Bank & Trust $21,905,000 $21,615,000 -1.3% 3.0%
Merchants Bank $16,925,000 $20,185,000 19.3% 2.8%
WINGS FINANCIAL $7,150,000 $19,850,000 177.6% 2.7%
AFFINITY PLUS $23,425,000 $19,645,000 -16.1% 2.7%
PENNYMAC LOAN SERVICES, LLC $7,285,000 $16,450,000 125.8% 2.2%
Prosperity Home Mortgage, LLC $15,600,000 $16,430,000 5.3% 2.2%
Bremer Bank $5,400,000 $16,375,000 203.2% 2.2%
UNITED WHOLESALE MORTGAGE, LLC $15,695,000 $15,205,000 -3.1% 2.1%
U.S. Bank $12,950,000 $14,535,000 12.2% 2.0%
Community Resource Bank $19,560,000 $13,250,000 -32.3% 1.8%
FREEDOM MORTGAGE CORPORATION $13,690,000 $12,395,000 -9.5% 1.7%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $4,895,000 $11,040,000 125.5% 1.5%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $10,085,000 n/a 1.4%
Minnwest Bank $7,110,000 $9,325,000 31.2% 1.3%
Tradition Mortgage, LLC $13,420,000 $9,170,000 -31.7% 1.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,015,000 $8,870,000 10.7% 1.2%
TOWNE MORTGAGE COMPANY $8,290,000 $8,650,000 4.3% 1.2%
COMPEER FINANCIAL, FLCA $11,140,000 $6,830,000 -38.7% 0.9%
Roundbank $7,255,000 $6,635,000 -8.5% 0.9%
American Mortgage & Equity Consultants, Inc. $12,085,000 $6,530,000 -46.0% 0.9%
First Bank & Trust $4,980,000 $6,430,000 29.1% 0.9%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $2,465,000 $6,410,000 160.0% 0.9%
BROKER SOLUTIONS, INC. $5,840,000 $6,220,000 6.5% 0.9%
Bridgewater Bank $85,000 $5,670,000 6,570.6% 0.8%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $5,615,000 $5,585,000 -0.5% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $4,570,000 $5,505,000 20.5% 0.8%
Mortgage Research Center, LLC $4,545,000 $5,310,000 16.8% 0.7%
Flagstar Bank, FSB $5,745,000 $5,015,000 -12.7% 0.7%
AXIA FINANCIAL, LLC $4,595,000 $4,960,000 7.9% 0.7%
NEWREZ LLC $1,560,000 $4,845,000 210.6% 0.7%
AMERISAVE MORTGAGE CORPORATION $2,670,000 $4,840,000 81.3% 0.7%
CALIBER HOME LOANS, INC. $3,785,000 $4,625,000 22.2% 0.6%
Plains Commerce Bank $2,220,000 $4,380,000 97.3% 0.6%
GUARANTEED RATE AFFINITY, LLC $1,510,000 $4,140,000 174.2% 0.6%
BAY EQUITY LLC $5,790,000 $4,030,000 -30.4% 0.6%
Alerus Financial $3,625,000 $3,620,000 -0.1% 0.5%
Cambria Financial Group, LLC $2,920,000 $3,605,000 23.5% 0.5%
JPMorgan Chase Bank $3,015,000 $3,205,000 6.3% 0.4%
LEADERONE FINANCIAL CORPORATION $8,305,000 $3,145,000 -62.1% 0.4%
PLAZA HOME MORTGAGE, INC. $1,370,000 $3,130,000 128.5% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,780,000 $3,035,000 9.2% 0.4%
Lend Smart Mortgage, LLC $1,470,000 $2,915,000 98.3% 0.4%
Summit Mortgage Corporation $4,335,000 $2,880,000 -33.6% 0.4%
Goldwater Bank, N.A. $195,000 $2,820,000 1,346.2% 0.4%
Barrington Bank & Trust Company, N.A. $2,960,000 $2,795,000 -5.6% 0.4%
HOME POINT FINANCIAL CORPORATION $1,725,000 $2,500,000 44.9% 0.3%
Lake Area Bank $1,485,000 $2,480,000 67.0% 0.3%
LAKEVIEW LOAN SERVICING, LLC $1,105,000 $2,460,000 122.6% 0.3%
ENVOY MORTGAGE, LTD $1,725,000 $2,075,000 20.3% 0.3%
Mortgages Unlimited Inc. $4,025,000 $2,035,000 -49.4% 0.3%
MOVEMENT MORTGAGE, LLC $1,860,000 $2,030,000 9.1% 0.3%
Think Mutual Bank $2,570,000 $1,910,000 -25.7% 0.3%
CMG MORTGAGE, INC. $2,970,000 $1,865,000 -37.2% 0.3%
GUARANTY HOME MORTGAGE CORPORATION $195,000 $1,845,000 846.2% 0.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,170,000 $1,840,000 57.3% 0.3%
Old National Bank $1,205,000 $1,810,000 50.2% 0.2%
Bank of America $760,000 $1,805,000 137.5% 0.2%
EVERETT FINANCIAL, INC. $25,775,000 $1,770,000 -93.1% 0.2%
NEW DAY FINANCIAL, LLC $615,000 $1,695,000 175.6% 0.2%
Cornerstone State Bank $1,325,000 $1,660,000 25.3% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $665,000 $1,625,000 144.4% 0.2%
NAVY FEDERAL CREDIT UNION $490,000 $1,565,000 219.4% 0.2%
Citizens Bank Minnesota $780,000 $1,520,000 94.9% 0.2%
Coulee Bank $1,580,000 $1,435,000 -9.2% 0.2%
HOMESIDE FINANCIAL, LLC $295,000 $1,430,000 384.7% 0.2%
KELLER MORTGAGE, LLC $1,240,000 $1,425,000 14.9% 0.2%
Carrington Mortgage Services, LLC $1,655,000 $1,350,000 -18.4% 0.2%
MEGASTAR FINANCIAL CORP. $930,000 $1,330,000 43.0% 0.2%
USAA Federal Savings Bank $2,385,000 $1,300,000 -45.5% 0.2%
Hometown Lenders, Inc. $215,000 $1,275,000 493.0% 0.2%
AMERICAN FINANCING CORPORATION $285,000 $1,215,000 326.3% 0.2%
Paramount Residential Mortgage Group, Inc. $1,590,000 $1,215,000 -23.6% 0.2%
Nations Lending Corporation $1,175,000 n/a 0.2%
Baxter Credit Union $1,005,000 $1,155,000 14.9% 0.2%
BETTER MORTGAGE CORPORATION $1,140,000 n/a 0.2%
The First National Bank of Le Center $1,025,000 $1,085,000 5.9% 0.1%
Manufacturers and Traders Trust Company $135,000 $1,050,000 677.8% 0.1%
SOFI LENDING CORP. $985,000 n/a 0.1%
Citizens Community Federal $310,000 $960,000 209.7% 0.1%
HIWAY $1,365,000 $955,000 -30.0% 0.1%
First Federal Bank $1,255,000 $920,000 -26.7% 0.1%
TOPLINE FEDERAL CREDIT UNION $410,000 $920,000 124.4% 0.1%
GENISYS $155,000 $865,000 458.1% 0.1%
Bank of England $1,150,000 $860,000 -25.2% 0.1%
STEARNS LENDING, LLC $75,000 $860,000 1,046.7% 0.1%
First National Bank $1,500,000 $825,000 -45.0% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $2,395,000 $825,000 -65.6% 0.1%
Royal Credit Union $1,540,000 $810,000 -47.4% 0.1%
Home Federal Savings Bank $1,375,000 $750,000 -45.5% 0.1%
HomeTown Bank $780,000 $750,000 -3.8% 0.1%
The Federal Savings Bank $1,325,000 $745,000 -43.8% 0.1%
BMO Harris Bank $135,000 $735,000 444.4% 0.1%
UNION HOME MORTGAGE CORP. $730,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $585,000 $720,000 23.1% 0.1%
Gate City Bank $715,000 n/a 0.1%
IOWA BANKERS MORTGAGE CORPORATION $430,000 $715,000 66.3% 0.1%
Chicago Mortgage Solutions LLC $445,000 $695,000 56.2% 0.1%
SPIRE Credit Union $710,000 $675,000 -4.9% 0.1%
MidWestOne Bank $195,000 $645,000 230.8% 0.1%
PHH Mortgage Corporation $260,000 $630,000 142.3% 0.1%
PENTAGON FEDERAL CREDIT UNION $505,000 $610,000 20.8% 0.1%
Commerce Bank $595,000 n/a 0.1%
PLUS RELOCATION MORTGAGE, LLC $225,000 $590,000 162.2% 0.1%
COMPASS MORTGAGE, INC. $1,235,000 $580,000 -53.0% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $580,000 n/a 0.1%
NBKC BANK $300,000 $580,000 93.3% 0.1%
RESULTS MORTGAGE, LLC $1,025,000 $580,000 -43.4% 0.1%
GUIDANCE RESIDENTIAL, LLC $225,000 $550,000 144.4% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $710,000 $545,000 -23.2% 0.1%
WESTconsin Credit Union $345,000 $540,000 56.5% 0.1%
SHAREPOINT CREDIT UNION $165,000 $535,000 224.2% 0.1%
ACCELERATE MORTGAGE, LLC $525,000 n/a 0.1%
First Savings Bank $1,010,000 $520,000 -48.5% 0.1%
Paramount Bank $515,000 n/a 0.1%
ALLIANT CREDIT UNION $505,000 n/a 0.1%
Associated Bank $495,000 $505,000 2.0% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $270,000 $500,000 85.2% 0.1%
IDEAL $810,000 $480,000 -40.7% 0.1%
Servion, Inc. $605,000 $475,000 -21.5% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $480,000 $470,000 -2.1% 0.1%
HANCOCK MORTGAGE PARTNERS, LLC $460,000 n/a 0.1%
KS StateBank $815,000 $460,000 -43.6% 0.1%
Liberty Bank Minnesota $95,000 $460,000 384.2% 0.1%
InterContinental Capital Group, Inc $1,060,000 $455,000 -57.1% 0.1%
LENDERFI, INC. $455,000 n/a 0.1%
Northpointe Bank $455,000 n/a 0.1%
Sunflower Bank $455,000 n/a 0.1%
First Guaranty Mortgage Corporation $560,000 $440,000 -21.4% 0.1%
First Home Bank $205,000 $420,000 104.9% 0.1%
Assurance Financial Group, L.L.C. $415,000 n/a 0.1%
ALTRA $485,000 $410,000 -15.5% 0.1%
AmeriHome Mortgage Company, LLC $125,000 $400,000 220.0% 0.1%
Ixonia Bank $395,000 n/a 0.1%
PNC Bank $320,000 $385,000 20.3% 0.1%
Waterstone Mortgage Corporation $910,000 $360,000 -60.4% 0.0%
DUPACO COMMUNITY $345,000 n/a 0.0%
TIAA, FSB $520,000 $335,000 -35.6% 0.0%
Deerwood Bank $995,000 $325,000 -67.3% 0.0%
MILEND, INC. $310,000 n/a 0.0%
MEMBERS COOPERATIVE $305,000 n/a 0.0%
The Huntington National Bank $300,000 n/a 0.0%
CANOPY MORTGAGE, LLC $295,000 n/a 0.0%
CLEARPOINTE CAPITAL, LLC $80,000 $295,000 268.8% 0.0%
First National Bank of Omaha $295,000 n/a 0.0%
STANFORD Federal Credit Union $295,000 n/a 0.0%
Strong Home Mortgage, LLC $560,000 $295,000 -47.3% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $285,000 n/a 0.0%
INLANTA MORTGAGE, INC. $995,000 $285,000 -71.4% 0.0%
PLANET HOME LENDING, LLC $285,000 n/a 0.0%
LENDSURE MORTGAGE CORP. $275,000 n/a 0.0%
SIRVA MORTGAGE, INC. $275,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $370,000 $265,000 -28.4% 0.0%
THRIVENT Federal Credit Union $210,000 $265,000 26.2% 0.0%
VERIDIAN CREDIT UNION $265,000 n/a 0.0%
AMERICAN ADVISORS GROUP $420,000 $260,000 -38.1% 0.0%
Arvest Bank $500,000 $245,000 -51.0% 0.0%
Farmers & Merchants Savings Bank $245,000 n/a 0.0%
MY Credit Union $340,000 $245,000 -27.9% 0.0%
Sierra Pacific Mortgage Company, Inc. $135,000 $245,000 81.5% 0.0%
RELIANCE FIRST CAPITAL, LLC $240,000 n/a 0.0%
St. Paul Federal Credit Union $235,000 n/a 0.0%
Armed Forces Bank $225,000 n/a 0.0%
EMM LOANS LLC $225,000 n/a 0.0%
Minnesota Valley Federal Credit Union $225,000 n/a 0.0%
Quontic Bank $225,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $225,000 n/a 0.0%
Stifel Bank and Trust $225,000 n/a 0.0%
21ST MORTGAGE CORPORATION $215,000 n/a 0.0%
GSF Mortgage Corporation $545,000 $215,000 -60.6% 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $215,000 n/a 0.0%
Bank-Fund Staff Federal Credit Union $205,000 n/a 0.0%
PREMIA MORTGAGE, LLC $265,000 $205,000 -22.6% 0.0%
BNC National Bank $195,000 n/a 0.0%
Core Bank $195,000 n/a 0.0%
Cornerstone Bank $195,000 n/a 0.0%
Florida Capital Bank $175,000 $195,000 11.4% 0.0%
CELEBRITY HOME LOANS, LLC $190,000 n/a 0.0%
Choice Financial Group $185,000 n/a 0.0%
CORTRUST MORTGAGE, INC. $1,030,000 $185,000 -82.0% 0.0%
Discover Bank $185,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $255,000 $185,000 -27.5% 0.0%
Lakeview Community Capital, LLC $185,000 n/a 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $125,000 $185,000 48.0% 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $255,000 $185,000 -27.5% 0.0%
Sunrise Banks $350,000 $175,000 -50.0% 0.0%
Wyndham Capital Mortgage, Inc. $265,000 $165,000 -37.7% 0.0%
Citizens State Bank of La Crosse $155,000 n/a 0.0%
CRESCENT MORTGAGE COMPANY $185,000 $155,000 -16.2% 0.0%
Liberty Savings Bank, F.S.B. $155,000 n/a 0.0%
S1L, Inc. $155,000 n/a 0.0%
American Bank of the North $515,000 $145,000 -71.8% 0.0%
Citibank $145,000 n/a 0.0%
Figure Lending LLC $35,000 $145,000 314.3% 0.0%
Bankers' Bank $135,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $165,000 $135,000 -18.2% 0.0%
Gateway First Bank $125,000 n/a 0.0%
GUILD MORTGAGE COMPANY $115,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $115,000 n/a 0.0%
Mid Penn Bank $105,000 n/a 0.0%
Alliance Bank $700,000 $75,000 -89.3% 0.0%
American Investors Bank and Mortgage $335,000 $75,000 -77.6% 0.0%
Associated Healthcare Credit Union $135,000 $75,000 -44.4% 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $35,000 n/a 0.0%
Heartland Credit Union $755,000 $25,000 -96.7% 0.0%
Minnesota Bank & Trust $25,000 n/a 0.0%

Faribault - Northfield's top lender by overall market share is Wells Fargo Bank, with 6.9% market share. In second place, with 5.6%, is QUICKEN LOANS, LLC, having originated $40,795,000 in loans. In third place, with 4.5%, is GUARANTEED RATE, INC., having originated $33,120,000 in loans. In third place, with 4.4%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $32,380,000 in loans. In third place, with 4.1%, is Bell Bank, having originated $30,240,000 in loans.


Faribault-Northfield, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 1,083 $256,905,000 $237,216
Home Purchase 1,052 $319,440,000 $303,650
Cash Out Refi 679 $143,575,000 $211,451
Home Improvement 73 $4,875,000 $66,781
Other 71 $6,745,000 $95,000

Faribault - Northfield's most frequently cited loan purpose was Refi, with 1,083 originations. The 2nd most popular reason was Home Purchase, with 1,052 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,153 $270,785,000 $234,853
3-4% 901 $250,555,000 $278,085
<2.5% 582 $130,510,000 $224,244
4-5% 88 $11,910,000 $135,341
5-6% 26 $1,650,000 $63,462
Over 8% 7 $235,000 $33,571
7-8% 6 $420,000 $70,000
6-7% 5 $265,000 $53,000

During 2021, Faribault - Northfield's most frequently originated rate bucket was 2.5-3%, with 1,153 originations.

Loan Sizing (Faribault-Northfield, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,419 $389,855,000 $274,739
$100k-200k 1,013 $156,825,000 $154,812
$100,000 or less 339 $18,625,000 $54,941
$400k-600k 165 $78,455,000 $475,485
$600k-1000k 11 $7,475,000 $679,545
$Over $1MM 11 $80,305,000 $7,300,455

Faribault - Northfield's loan sizing saw the bucket of loans from $200k-400k with 1,419 originations, totaling $389,855,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 937 $272,325,000 $290,635
80-100% 935 $257,065,000 $274,936
40-60% 455 $87,325,000 $191,923
Under 20% 191 $7,415,000 $38,822
20-40% 158 $19,700,000 $124,684
Over 100% 23 $7,205,000 $313,261

Faribault - Northfield's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 937 originations, totaling $272,325,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Faribault - Northfield (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 $248,950 (-9.0%) $274,888 (-10.0%) 0.00 144
2018-02-01 $249,900 (-8.6%) $276,603 (-12.3%) 0.00 143
2018-03-01 $264,900 (-5.1%) $293,507 (-5.1%) 0.00 151
2018-04-01 $282,250 (2.6%) $312,219 (0.8%) 0.00 162
2018-05-01 $287,250 (2.6%) $314,231 (2.2%) 0.00 196
2018-06-01 $295,000 (5.8%) $314,607 (2.7%) 0.00 204
2018-07-01 $289,750 (3.5%) $318,356 (3.6%) 0.00 229
2018-08-01 $289,500 (4.5%) $318,732 (5.5%) 0.00 216
2018-09-01 $284,900 (3.6%) $318,169 (1.6%) 0.00 208
2018-10-01 $292,450 (5.7%) $318,084 (4.3%) 0.00 206
2018-11-01 $289,700 (5.4%) $315,766 (4.9%) 0.00 194
2018-12-01 $289,900 (14.1%) $316,364 (11.1%) 0.00 183
2019-01-01 $299,900 (20.5%) $325,464 (18.4%) 0.00 164
2019-02-01 $310,000 (24.1%) $342,758 (23.9%) 0.00 157
2019-03-01 $312,100 (17.8%) $339,787 (15.8%) 0.00 169
2019-04-01 $305,400 (8.2%) $331,023 (6.0%) 0.00 184
2019-05-01 $294,900 (2.7%) $322,574 (2.7%) 0.00 198
2019-06-01 $293,900 (-0.4%) $328,473 (4.4%) 0.00 222
2019-07-01 $299,450 (3.4%) $337,644 (6.1%) 0.00 238
2019-08-01 $299,800 (3.6%) $336,027 (5.4%) 0.00 237
2019-09-01 $289,500 (1.6%) $326,779 (2.7%) 0.00 240
2019-10-01 $278,200 (-4.9%) $338,910 (6.6%) 0.00 235
2019-11-01 $275,000 (-5.1%) $330,200 (4.6%) 0.00 229
2019-12-01 $288,900 (-0.3%) $329,991 (4.3%) 0.00 186
2020-01-01 $286,950 (-4.3%) $331,562 (1.9%) 0.00 159
2020-02-01 $310,000 (0.0%) $342,527 (-0.1%) 0.00 169
2020-03-01 $318,450 (2.0%) $349,644 (2.9%) 0.00 172
2020-04-01 $314,400 (3.0%) $342,437 (3.5%) 0.00 188
2020-05-01 $310,000 (5.1%) $344,186 (6.7%) 0.00 193
2020-06-01 $300,000 (2.1%) $348,357 (6.1%) 0.00 192
2020-07-01 $316,375 (5.7%) $376,512 (11.5%) 0.00 168
2020-08-01 $312,900 (4.4%) $380,711 (13.3%) 0.00 164
2020-09-01 $318,344 (10.0%) $380,469 (16.4%) 0.00 169
2020-10-01 $309,900 (11.4%) $372,726 (10.0%) 0.00 167
2020-11-01 $315,436 (14.7%) $373,275 (13.1%) 0.00 127
2020-12-01 $306,371 (6.1%) $375,524 (13.8%) 0.00 97
2021-01-01 $319,900 (11.5%) $357,803 (7.9%) 0.00 81
2021-02-01 $330,228 (6.5%) $383,466 (12.0%) 0.00 73
2021-03-01 $341,650 (7.3%) $379,115 (8.4%) 0.00 82
2021-04-01 $348,950 (11.0%) $411,553 (20.2%) 0.00 89
2021-05-01 $349,900 (12.9%) $412,022 (19.7%) 0.00 101
2021-06-01 $352,400 (17.5%) $410,710 (17.9%) 0.00 119
2021-07-01 $349,950 (10.6%) $395,192 (5.0%) 0.00 107
2021-08-01 $346,000 (10.6%) $386,489 (1.5%) 0.00 121
2021-09-01 $322,500 (1.3%) $353,309 (-7.1%) 0.00 122
2021-10-01 $342,750 (10.6%) $386,664 (3.7%) 0.00 135
2021-11-01 $347,268 (10.1%) $388,854 (4.2%) 0.00 120
2021-12-01 $358,900 (17.2%) $397,224 (5.8%) 0.00 112
2022-01-01 $377,900 (18.1%) $433,995 (21.3%) 0.00 89
2022-02-01 $391,450 (18.5%) $433,798 (13.1%) 0.00 83
2022-03-01 $400,104 (17.1%) $459,807 (21.3%) 0.00 84
2022-04-01 $400,000 (14.6%) $468,489 (13.8%) 0.00 90
2022-05-01 $402,604 (15.1%) $489,093 (18.7%) 0.00 108
Faribault - Northfield's median listing price for 2022-05-01 was $402,604, a difference of $52,704 (15.1%) versus the prior year and $2,604 versus the prior month.

Faribault - Northfield's median listing price comes in at 0% of the national average.

Faribault - Northfield's average listing price for 2022-05-01 was $489,093, a difference of $77,071 (18.7%) versus the prior year and $20,604 versus the prior month.

For the 2022-05-01 period, Faribault - Northfield had 108 MLS listings, a difference of 18 listings (20%) versus the prior month and 7 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Faribault - Northfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,820 sqft
2018-02-01 0 days 1,850 sqft
2018-03-01 0 days 1,998 sqft
2018-04-01 0 days 1,998 sqft
2018-05-01 0 days 2,061 sqft
2018-06-01 0 days 2,184 sqft
2018-07-01 0 days 2,072 sqft
2018-08-01 0 days 2,085 sqft
2018-09-01 0 days 2,066 sqft
2018-10-01 0 days 2,026 sqft
2018-11-01 0 days 2,014 sqft
2018-12-01 0 days 1,961 sqft
2019-01-01 0 days 1,975 sqft
2019-02-01 0 days 2,044 sqft
2019-03-01 0 days 2,055 sqft
2019-04-01 0 days 2,043 sqft
2019-05-01 0 days 2,068 sqft
2019-06-01 0 days 2,041 sqft
2019-07-01 0 days 2,077 sqft
2019-08-01 0 days 2,047 sqft
2019-09-01 0 days 2,039 sqft
2019-10-01 0 days 2,040 sqft
2019-11-01 0 days 1,980 sqft
2019-12-01 0 days 1,940 sqft
2020-01-01 0 days 1,917 sqft
2020-02-01 0 days 2,038 sqft
2020-03-01 0 days 2,044 sqft
2020-04-01 0 days 1,983 sqft
2020-05-01 0 days 2,009 sqft
2020-06-01 0 days 1,956 sqft
2020-07-01 0 days 1,971 sqft
2020-08-01 0 days 1,911 sqft
2020-09-01 0 days 1,918 sqft
2020-10-01 0 days 1,896 sqft
2020-11-01 0 days 1,837 sqft
2020-12-01 0 days 1,782 sqft
2021-01-01 0 days 1,750 sqft
2021-02-01 0 days 1,769 sqft
2021-03-01 0 days 1,809 sqft
2021-04-01 0 days 1,868 sqft
2021-05-01 0 days 1,854 sqft
2021-06-01 0 days 1,971 sqft
2021-07-01 0 days 1,989 sqft
2021-08-01 0 days 1,960 sqft
2021-09-01 0 days 1,822 sqft
2021-10-01 0 days 1,832 sqft
2021-11-01 0 days 1,872 sqft
2021-12-01 0 days 1,820 sqft
2022-01-01 0 days 1,754 sqft
2022-02-01 0 days 2,706 sqft
2022-03-01 0 days 2,604 sqft
2022-04-01 0 days 2,637 sqft
2022-05-01 0 days 1,948 sqft
Faribault - Northfield's median listing age (time on market) for 2022-05-01 was 0 days.

Faribault - Northfield's median square footage for active listings during the 2022-05-01 period was 1,948 sqft. One year prior, the average listing was 1,854 sqft.