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.).
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.
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.
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.
