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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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
Merchants Bank 30 3.01% $3,986
UNITED WHOLESALE MORTGAGE, LLC 30 2.96% $4,164
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
AXIA FINANCIAL, LLC 12 3.32% $3,815
AMERISAVE MORTGAGE CORPORATION 12 2.69% $5,090
Alerus Financial 11 2.89% $2,930
COMPEER FINANCIAL, FLCA 11 3.92% $4,229
Roundbank 11 2.86% $5,552
AMERICAN PORTFOLIO MORTGAGE CORPORATION 10 3.20% $3,778
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
Goldwater Bank, N.A. 9 3.35% $5,428
BAY EQUITY LLC 9 3.17% $3,171
NEWREZ LLC 9 3.13% $4,505
Cambria Financial Group, LLC 8 3.13% $5,313
Summit Mortgage Corporation 7 3.21% $4,320
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.13% $4,423
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
GUARANTY HOME MORTGAGE CORPORATION 6 3.12% $4,569
LEADERONE FINANCIAL CORPORATION 6 2.94% $2,388
Nations Lending Corporation 5 2.95% $7,188
Cornerstone State Bank 5 2.88% $4,451
Barrington Bank & Trust Company, N.A. 5 3.37% $4,801
EVERETT FINANCIAL, INC. 5 3.35% $1,789
MEGASTAR FINANCIAL CORP. 4 3.22% $3,722
Lend Smart Mortgage, LLC 4 3.13% $5,136
KELLER MORTGAGE, LLC 4 3.06% $2,585
HOMESIDE FINANCIAL, LLC 3 3.00% $7,851
AMERICAN FINANCING CORPORATION 3 3.29% $4,155
Bank of England 3 3.21% $4,509
Baxter Credit Union 3 2.92% $2,966
Bremer Bank 3 2.92% $3,568
CMG MORTGAGE, INC. 3 3.29% $5,154
FREEDOM MORTGAGE CORPORATION 3 3.13% $3,283
HIWAY 3 3.13% $4,796
HOME POINT FINANCIAL CORPORATION 3 2.79% $2,928
Hometown Lenders, Inc. 3 3.00% $5,199
MOVEMENT MORTGAGE, LLC 3 3.19% $3,587
Paramount Residential Mortgage Group, Inc. 3 3.25% $4,019
Think Mutual Bank 3 3.17% $5,072
M&T Bank 2 3.19% $4,229
PLUS RELOCATION MORTGAGE, LLC 2 2.94% $2,828
AmeriHome Mortgage Company, LLC 2 3.25% $2,669
BETTER MORTGAGE CORPORATION 2 2.81% $4,092
KS StateBank 2 3.00% $1,672
Lake Area Bank 2 3.19% $4,141
InterContinental Capital Group, Inc 2 3.31% $4,250
IOWA BANKERS MORTGAGE CORPORATION 2 2.88% $5,915
First Bank & Trust 2 2.88% $3,521
TOPLINE FEDERAL CREDIT UNION 2 2.63% $3,858
Bank of America 2 3.25% $4,862
Coulee Bank 2 3.06% $4,214
Ixonia Bank 2 3.75% $5,016
UNION HOME MORTGAGE CORP. 2 2.88% $2,619
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.38% $1,887
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 3.38% $6,207
Royal Credit Union 2 3.25% $0
First National Bank 2 2.56% $3,017
Servion, Inc. 2 2.94% $5,269
First Savings Bank 2 2.94% $3,182
Citizens Community Federal 2 2.88% $2,109
COMPASS MORTGAGE, INC. 1 3.63% $4,021
NAVY FEDERAL CREDIT UNION 1 3.00% $1,903
NBKC BANK 1 2.75% $1,226
Commerce Bank 1 3.50% $3,902
Northpointe Bank 1 3.25% $5,268
WESTconsin Credit Union 1 3.13% $5,613
Citizens State Bank of La Crosse 1 3.00% $2,100
PHH Mortgage Corporation 1 3.38% $3,772
Chicago Mortgage Solutions LLC 1 2.75% $1,185
PREMIA MORTGAGE, LLC 1 2.75% $0
Carrington Mortgage Services, LLC 1 2.75% $5,444
CANOPY MORTGAGE, LLC 1 2.88% $1,950
BNC National Bank 1 3.13% $3,336
Quontic Bank 1 6.00% $7,606
RELIANCE FIRST CAPITAL, LLC 1 2.88% $4,897
RESULTS MORTGAGE, LLC 1 2.88% $3,554
BMO Harris Bank 1 2.88% $3,908
S1L, Inc. 1 3.25% $3,675
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
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
ALTRA 1 3.10% $2,434
THRIVENT Federal Credit Union 1 2.88% $3,530
Assurance Financial Group, L.L.C. 1 2.99% $4,707
Associated Bank 1 3.13% $1,649
GENISYS 1 3.75% $3,478
Gateway First Bank 1 3.25% $2,373
Gate City Bank 1 2.25% $3,011
GUILD MORTGAGE COMPANY 1 2.75% $2,220
GUIDANCE RESIDENTIAL, LLC 1 3.00% $4,251
USAA Federal Savings Bank 1 2.88% $4,392
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.88% $5,527
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.25% $3,197
First National Bank of Omaha 1 3.13% $3,379
HomeTown Bank 1 3.25% $2,116
Waterstone Mortgage Corporation 1 3.25% $2,665
First Guaranty Mortgage Corporation 1 3.13% $5,603
LAKEVIEW LOAN SERVICING, LLC 1 3.63% $2,515
First Federal Bank 1 2.75% $3,885
LENOX FINANCIAL MORTGAGE CORPORATION 1 3.00% $2,905
Liberty Bank Minnesota 1 3.00% $3,079
Farmers & Merchants Savings Bank 1 2.50% $1,479
EMM LOANS LLC 1 2.99% $4,849
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
American Bank of the North 1 2.88% $2,913
Core Bank 1 3.13% $2,611
MY Credit Union 1 3.13% $3,804

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.

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, 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.