Faribault - Northfield Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Faribault - Northfield averaged
6.48%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.71% and
one month ago for the week of 2023-02-09, the
average rate was 6%.
Faribault - Northfield's average rate one year ago was 4.13%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.6%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Faribault - Northfield 30 Year Fixed Rate | 2023-03-16 | 6.48% |
| Faribault - Northfield 30 Year Fixed Rate Refi | 2023-03-16 | 6.6% |
| Faribault - Northfield 15 Year Fixed Rate | 2023-03-16 | 5.91% |
| Faribault - Northfield 15 Year Fixed Rate Refi | 2023-03-16 | 6.21% |
| Faribault - Northfield 30 Year FHA | 2023-03-16 | 6.31% |
| Faribault - Northfield 30 Year FHA Refi | 2023-03-16 | 6.56% |
| Faribault - Northfield 30 Year USDA | 2023-03-16 | 6.26% |
| Faribault - Northfield 30 Year USDA Refi | 2023-03-16 | 6.88% |
| Faribault - Northfield 30 Year VA | 2023-03-16 | 6.03% |
| Faribault - Northfield 30 Year VA Refi | 2023-03-16 | 6.12% |
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 lender, 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 Average Closing Costs & Other Stats
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.
Faribault - Northfield's average closing costs are $4,613.
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 Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 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 fourth place, with 4.4%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $32,380,000 in loans. In fifth place, with 4.1%, is Bell Bank, having originated $30,240,000 in loans.
Faribault - Northfield Housing Market Trends (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 | $247,450 (-9.1%) | $272,411 (-9.4%) | 0.00 | 129 |
| 2018-02-01 | $249,950 (-6.9%) | $275,026 (-10.3%) | 0.00 | 134 |
| 2018-03-01 | $262,400 (-5.2%) | $291,092 (-2.7%) | 0.00 | 142 |
| 2018-04-01 | $281,000 (2.2%) | $311,591 (3.2%) | 0.00 | 149 |
| 2018-05-01 | $282,475 (2.7%) | $309,880 (1.7%) | 0.00 | 177 |
| 2018-06-01 | $292,500 (5.9%) | $313,008 (4.8%) | 0.00 | 188 |
| 2018-07-01 | $289,234 (5.2%) | $315,517 (5.4%) | 0.00 | 208 |
| 2018-08-01 | $289,625 (7.3%) | $316,251 (6.1%) | 0.00 | 197 |
| 2018-09-01 | $284,894 (5.9%) | $312,130 (1.8%) | 0.00 | 190 |
| 2018-10-01 | $289,800 (7.4%) | $314,610 (6.1%) | 0.00 | 194 |
| 2018-11-01 | $283,625 (6.1%) | $310,705 (6.0%) | 0.00 | 188 |
| 2018-12-01 | $289,500 (14.0%) | $310,311 (10.7%) | 0.00 | 177 |
| 2019-01-01 | $294,925 (19.2%) | $321,343 (18.0%) | 0.00 | 162 |
| 2019-02-01 | $309,950 (24.0%) | $342,407 (24.5%) | 0.00 | 154 |
| 2019-03-01 | $306,550 (16.8%) | $337,852 (16.1%) | 0.00 | 165 |
| 2019-04-01 | $302,425 (7.6%) | $325,908 (4.6%) | 0.00 | 177 |
| 2019-05-01 | $289,900 (2.6%) | $318,162 (2.7%) | 0.00 | 187 |
| 2019-06-01 | $289,900 (-0.9%) | $325,283 (3.9%) | 0.00 | 209 |
| 2019-07-01 | $294,950 (2.0%) | $335,044 (6.2%) | 0.00 | 224 |
| 2019-08-01 | $294,391 (1.7%) | $338,608 (7.1%) | 0.00 | 222 |
| 2019-09-01 | $286,240 (0.5%) | $336,057 (7.7%) | 0.00 | 220 |
| 2019-10-01 | $277,450 (-4.3%) | $331,419 (5.3%) | 0.00 | 219 |
| 2019-11-01 | $274,900 (-3.1%) | $319,256 (2.8%) | 0.00 | 217 |
| 2019-12-01 | $276,053 (-4.6%) | $325,550 (4.9%) | 0.00 | 177 |
| 2020-01-01 | $283,250 (-4.0%) | $329,842 (2.6%) | 0.00 | 153 |
| 2020-02-01 | $310,000 (0.0%) | $338,447 (-1.2%) | 0.00 | 163 |
| 2020-03-01 | $313,400 (2.2%) | $342,825 (1.5%) | 0.00 | 161 |
| 2020-04-01 | $307,175 (1.6%) | $335,580 (3.0%) | 0.00 | 174 |
| 2020-05-01 | $299,950 (3.5%) | $337,304 (6.0%) | 0.00 | 180 |
| 2020-06-01 | $299,400 (3.3%) | $333,120 (2.4%) | 0.00 | 181 |
| 2020-07-01 | $312,675 (6.0%) | $349,511 (4.3%) | 0.00 | 160 |
| 2020-08-01 | $307,801 (4.6%) | $356,037 (5.2%) | 0.00 | 157 |
| 2020-09-01 | $313,225 (9.4%) | $355,483 (5.8%) | 0.00 | 163 |
| 2020-10-01 | $302,900 (9.2%) | $352,857 (6.5%) | 0.00 | 160 |
| 2020-11-01 | $310,975 (13.1%) | $349,367 (9.4%) | 0.00 | 118 |
| 2020-12-01 | $300,000 (8.7%) | $343,807 (5.6%) | 0.00 | 89 |
| 2021-01-01 | $319,900 (12.9%) | $358,105 (8.6%) | 0.00 | 79 |
| 2021-02-01 | $331,553 (7.0%) | $381,386 (12.7%) | 0.00 | 71 |
| 2021-03-01 | $343,400 (9.6%) | $378,905 (10.5%) | 0.00 | 82 |
| 2021-04-01 | $346,000 (12.6%) | $375,486 (11.9%) | 0.00 | 84 |
| 2021-05-01 | $349,900 (16.7%) | $381,215 (13.0%) | 0.00 | 95 |
| 2021-06-01 | $350,300 (17.0%) | $391,006 (17.4%) | 0.00 | 111 |
| 2021-07-01 | $349,900 (11.9%) | $391,321 (12.0%) | 0.00 | 112 |
| 2021-08-01 | $347,500 (12.9%) | $387,248 (8.8%) | 0.00 | 119 |
| 2021-09-01 | $329,990 (5.4%) | $361,809 (1.8%) | 0.00 | 127 |
| 2021-10-01 | $344,900 (13.9%) | $384,716 (9.0%) | 0.00 | 136 |
| 2021-11-01 | $348,730 (12.1%) | $392,593 (12.4%) | 0.00 | 119 |
| 2021-12-01 | $361,150 (20.4%) | $405,552 (18.0%) | 0.00 | 110 |
| 2022-01-01 | $382,400 (19.5%) | $439,380 (22.7%) | 0.00 | 90 |
| 2022-02-01 | $395,230 (19.2%) | $438,436 (15.0%) | 0.00 | 84 |
| 2022-03-01 | $399,610 (16.4%) | $446,177 (17.8%) | 0.00 | 82 |
| 2022-04-01 | $405,307 (17.1%) | $455,909 (21.4%) | 0.00 | 86 |
| 2022-05-01 | $404,650 (15.7%) | $478,955 (25.6%) | 0.00 | 107 |
| 2022-06-01 | $409,425 (16.9%) | $465,974 (19.2%) | 0.00 | 126 |
| 2022-07-01 | $405,307 (15.8%) | $467,898 (19.6%) | 0.00 | 128 |
| 2022-08-01 | $413,527 (19.0%) | $480,185 (24.0%) | 0.00 | 139 |
| 2022-09-01 | $397,900 (20.6%) | $469,071 (29.7%) | 0.00 | 139 |
| 2022-10-01 | $399,900 (16.0%) | $464,982 (20.9%) | 0.00 | 141 |
| 2022-11-01 | $396,675 (13.8%) | $456,346 (16.2%) | 0.00 | 136 |
| 2022-12-01 | $399,900 (10.7%) | $456,811 (12.6%) | 0.00 | 120 |
| 2023-01-01 | $410,150 (7.3%) | $469,560 (6.9%) | 0.00 | 100 |
| 2023-02-01 | $421,900 (6.8%) | $506,659 (15.6%) | 0.00 | 89 |
Faribault - Northfield's median listing price for 2023-02-01 was $421,900, a difference of
$26,670
(6.8%) versus the prior year and
$11,750 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 2023-02-01 was $506,659, a difference of $68,223 (15.6%) versus the prior year and $37,099 versus the prior month.
For the 2023-02-01 period, Faribault - Northfield had 89 MLS listings, a difference of -11 listings (-11%) versus the prior month and 5 listings (6%) 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 2023-02-01 was $506,659, a difference of $68,223 (15.6%) versus the prior year and $37,099 versus the prior month.
For the 2023-02-01 period, Faribault - Northfield had 89 MLS listings, a difference of -11 listings (-11%) versus the prior month and 5 listings (6%) 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 | 1,814 sqft |
| 2018-02-01 | 0 days | 1,807 sqft |
| 2018-03-01 | 0 days | 1,935 sqft |
| 2018-04-01 | 0 days | 1,949 sqft |
| 2018-05-01 | 0 days | 1,971 sqft |
| 2018-06-01 | 0 days | 2,115 sqft |
| 2018-07-01 | 0 days | 2,063 sqft |
| 2018-08-01 | 0 days | 2,065 sqft |
| 2018-09-01 | 0 days | 2,092 sqft |
| 2018-10-01 | 0 days | 1,995 sqft |
| 2018-11-01 | 0 days | 1,975 sqft |
| 2018-12-01 | 0 days | 1,940 sqft |
| 2019-01-01 | 0 days | 1,958 sqft |
| 2019-02-01 | 0 days | 2,026 sqft |
| 2019-03-01 | 0 days | 2,029 sqft |
| 2019-04-01 | 0 days | 2,020 sqft |
| 2019-05-01 | 0 days | 2,014 sqft |
| 2019-06-01 | 0 days | 2,041 sqft |
| 2019-07-01 | 0 days | 2,041 sqft |
| 2019-08-01 | 0 days | 2,022 sqft |
| 2019-09-01 | 0 days | 1,993 sqft |
| 2019-10-01 | 0 days | 1,968 sqft |
| 2019-11-01 | 0 days | 1,947 sqft |
| 2019-12-01 | 0 days | 1,880 sqft |
| 2020-01-01 | 0 days | 1,862 sqft |
| 2020-02-01 | 0 days | 1,911 sqft |
| 2020-03-01 | 0 days | 1,982 sqft |
| 2020-04-01 | 0 days | 1,925 sqft |
| 2020-05-01 | 0 days | 1,958 sqft |
| 2020-06-01 | 0 days | 1,897 sqft |
| 2020-07-01 | 0 days | 1,903 sqft |
| 2020-08-01 | 0 days | 1,895 sqft |
| 2020-09-01 | 0 days | 1,911 sqft |
| 2020-10-01 | 0 days | 1,855 sqft |
| 2020-11-01 | 0 days | 1,852 sqft |
| 2020-12-01 | 0 days | 1,760 sqft |
| 2021-01-01 | 0 days | 1,750 sqft |
| 2021-02-01 | 0 days | 1,799 sqft |
| 2021-03-01 | 0 days | 1,869 sqft |
| 2021-04-01 | 0 days | 1,847 sqft |
| 2021-05-01 | 0 days | 1,851 sqft |
| 2021-06-01 | 0 days | 1,982 sqft |
| 2021-07-01 | 0 days | 1,953 sqft |
| 2021-08-01 | 0 days | 1,947 sqft |
| 2021-09-01 | 0 days | 1,825 sqft |
| 2021-10-01 | 0 days | 1,832 sqft |
| 2021-11-01 | 0 days | 1,897 sqft |
| 2021-12-01 | 0 days | 1,825 sqft |
| 2022-01-01 | 0 days | 1,962 sqft |
| 2022-02-01 | 0 days | 2,653 sqft |
| 2022-03-01 | 0 days | 2,584 sqft |
| 2022-04-01 | 0 days | 2,633 sqft |
| 2022-05-01 | 0 days | 1,933 sqft |
| 2022-06-01 | 0 days | 2,089 sqft |
| 2022-07-01 | 0 days | 2,100 sqft |
| 2022-08-01 | 0 days | 2,157 sqft |
| 2022-09-01 | 0 days | 2,144 sqft |
| 2022-10-01 | 0 days | 2,160 sqft |
| 2022-11-01 | 0 days | 1,995 sqft |
| 2022-12-01 | 0 days | 1,927 sqft |
| 2023-01-01 | 0 days | 2,016 sqft |
| 2023-02-01 | 0 days | 1,954 sqft |
Faribault - Northfield's median listing age (time on market) for 2023-02-01 was 0 days.
Faribault - Northfield's median square footage for active listings during the 2023-02-01 period was 1,954 sqft. One year prior, the average listing was 2,653 sqft.
Faribault - Northfield's median square footage for active listings during the 2023-02-01 period was 1,954 sqft. One year prior, the average listing was 2,653 sqft.
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.