Fergus Falls Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Fergus Falls averaged 6.64% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 7.03% and one month ago for the week of 2023-08-17, the average rate was 6.74%.

Fergus Falls's average rate one year ago was 5.67%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.06%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Fergus Falls 30 Year Fixed Rate 2023-09-21 6.64%
Fergus Falls 30 Year Fixed Rate Refi 2023-09-21 7.06%
Fergus Falls 15 Year Fixed Rate 2023-09-21 6.34%
Fergus Falls 15 Year Fixed Rate Refi 2023-09-21 6.44%
Fergus Falls 30 Year FHA 2023-09-21 6.94%
Fergus Falls 30 Year FHA Refi 2023-09-21 7.04%
Fergus Falls 30 Year USDA 2023-09-21 7.22%
Fergus Falls 30 Year USDA Refi 2023-09-21 6.92%
Fergus Falls 30 Year VA 2023-09-21 6.62%
Fergus Falls 30 Year VA Refi 2023-09-21 6.62%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Fergus Falls, MN.

Fergus Falls 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 Fergus Falls, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Gate City Bank 86 4.29% $5,058
UNITED WHOLESALE MORTGAGE, LLC 53 5.21% $5,262
Bremer Bank 51 4.42% $6,407
Bell Bank 45 5.08% $4,478
Tradition Mortgage, LLC 38 5.12% $3,967
Merchants Bank 30 4.52% $4,660
Wells Fargo Bank 28 4.37% $4,579
QUICKEN LOANS, LLC 23 4.99% $6,917
U.S. Bank 16 4.73% $6,881
CENTRAL MINNESOTA Credit Union 14 5.47% $2,814
AFFINITY PLUS 11 4.60% $4,108
PRIMARY RESIDENTIAL MORTGAGE, INC. 10 5.67% $4,980
CALIBER HOME LOANS, INC. 8 4.49% $7,158
First International Bank & Trust 7 5.09% $5,799
LOANDEPOT.COM, LLC 7 4.71% $4,591
PENNYMAC LOAN SERVICES, LLC 7 4.61% $6,502
FIRST COMMUNITY CREDIT UNION 5 4.81% $5,282
First Western Bank & Trust 4 4.88% $5,600
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 5.69% $6,824
GUARANTEED RATE, INC. 4 5.78% $10,662
FREEDOM MORTGAGE CORPORATION 4 5.19% $5,491
CARDINAL FINANCIAL 4 4.19% $6,921
American Mortgage & Equity Consultants, Inc. 4 6.13% $3,463
Bank of the West 4 4.00% $5,257
WINGS FINANCIAL 3 4.92% $3,272
FINANCE OF AMERICA MORTGAGE LLC 3 5.08% $7,841
Mr. Cooper ( Nationstar Mortgage ) 3 5.49% $9,048
NEWREZ LLC 3 4.78% $9,964
Flagstar Bank, FSB 3 5.75% $4,845
PLAZA HOME MORTGAGE, INC. 3 4.04% $5,001
BROKER SOLUTIONS, INC. 3 5.79% $10,246
Prosperity Home Mortgage, LLC 3 5.17% $4,819
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 5.96% $6,383
CROSSCOUNTRY MORTGAGE, LLC 3 5.33% $5,553
Union State Bank of Fargo 3 5.50% $5,687
VALLEY MORTGAGE, INC. 3 3.54% $4,634
Alerus Financial 3 5.29% $11,328
TOWN AND COUNTRY Credit Union 2 4.19% $5,318
CRESCENT MORTGAGE COMPANY 2 5.75% $6,369
First Dakota National Bank 2 4.98% $4,700
Western State Bank 2 4.68% $2,582
Goldwater Bank, N.A. 2 4.75% $7,656
Deerwood Bank 2 4.63% $5,919
Liberty Bank Minnesota 2 3.88% $2,984
CAPITAL CREDIT UNION 2 3.94% $5,084
NBKC BANK 2 5.50% $4,529
HOME POINT FINANCIAL CORPORATION 2 4.75% $8,390
Choice Financial Group 2 4.35% $11,888
COMPEER FINANCIAL, FLCA 2 5.25% $2,386
JPMorgan Chase Bank 2 5.06% $2,635
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.75% $6,385
Barrington Bank & Trust Company, N.A. 1 5.25% $5,974
University of Wisconsin Credit Union 1 3.88% $2,515
AMERICAN FINANCING CORPORATION 1 5.88% $7,032
Waterstone Mortgage Corporation 1 5.88% $9,673
West Gate Bank 1 5.63% $4,165
Union Bank and Trust Company 1 5.00% $3,540
Baxter Credit Union 1 4.50% $2,944
BAY EQUITY LLC 1 4.50% $5,062
BETTER MORTGAGE CORPORATION 1 2.88% $3,706
Bank of Colorado 1 3.63% $3,584
Auto Club Trust, FSB 1 5.00% $1,411
Century Mortgage Company DBA Century Lending Company 1 5.88% $3,959
Charles Schwab Bank, SSB 1 5.98% $3,885
EVERETT FINANCIAL, INC. 1 7.00% $1,845
First Interstate Bank 1 5.38% $4,221
Frandsen Bank & Trust 1 4.38% $3,301
Associated Bank 1 3.50% $4,115
HOMESIDE FINANCIAL, LLC 1 3.75% $7,538
IOWA BANKERS MORTGAGE CORPORATION 1 4.75% $2,676
Ixonia Bank 1 5.88% $6,741
KELLER MORTGAGE, LLC 1 3.25% $5,089
LEADERONE FINANCIAL CORPORATION 1 5.38% $3,138
Lend Smart Mortgage, LLC 1 4.50% $5,306
MEMBERS COOPERATIVE 1 6.50% $4,845
Arvest Bank 1 4.63% $3,578
Morgan Stanley Private Bank 1 4.75% $3,574
Mortgages Unlimited Inc. 1 6.88% $6,800
M&T Bank 1 3.88% $5,562
National Bank of Commerce 1 3.63% $3,059
Nations Lending Corporation 1 5.75% $5,377
ONY GLO, INC. 1 2.88% $3,079
Paramount Residential Mortgage Group, Inc. 1 6.63% $4,204
Plains Commerce Bank 1 4.13% $3,696
PNC Bank 1 2.75% $4,053
AMERISAVE MORTGAGE CORPORATION 1 5.50% $6,301
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.13% $3,704
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $4,236
RUOFF MORTGAGE COMPANY, INC. 1 5.63% $3,567
Servion, Inc. 1 4.50% $6,920
SHAREPOINT CREDIT UNION 1 4.13% $2,465
SIOUXLAND FEDERAL CREDIT UNION 1 6.00% $5,893
Starion Bank 1 4.75% $7,590
THRIVENT Federal Credit Union 1 3.25% $2,208

Fergus Falls Average Closing Costs & Other Stats

Fergus Falls, MN's 94 lenders originated 1,403 loans during 2022. The total origination value was $301,055,000, with an average loan value of $214,579.

Fergus Falls's average closing costs are $4,435.

The top Fergus Falls lender as defined by loan originations is Gate City Bank, with 86 loans originated. Their average total fees are $5,058, which is $204 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Fergus Falls lenders (with over 10 loans originated) are CENTRAL MINNESOTA Credit Union ($2,814), Tradition Mortgage, LLC ($3,967), AFFINITY PLUS ($4,108), Bell Bank ($4,478) and Wells Fargo Bank ($4,579).

The lowest rate Fergus Falls lenders (with over 10 loans originated) are Gate City Bank (4.29%), Wells Fargo Bank (4.37%), Bremer Bank (4.42%), Merchants Bank (4.52%) and AFFINITY PLUS (4.60%).

Fergus Falls, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Gate City Bank $55,735,000 $35,030,000 -37.1% 11.6%
Bell Bank $57,900,000 $32,035,000 -44.7% 10.6%
Bremer Bank $35,660,000 $26,785,000 -24.9% 8.9%
UNITED WHOLESALE MORTGAGE, LLC $37,675,000 $18,975,000 -49.6% 6.3%
Wells Fargo Bank $27,125,000 $11,465,000 -57.7% 3.8%
U.S. Bank $13,815,000 $10,960,000 -20.7% 3.6%
Merchants Bank $53,310,000 $10,800,000 -79.7% 3.6%
Tradition Mortgage, LLC $19,690,000 $10,415,000 -47.1% 3.5%
QUICKEN LOANS, LLC $25,630,000 $10,035,000 -60.8% 3.3%
AFFINITY PLUS $9,645,000 $6,985,000 -27.6% 2.3%
First International Bank & Trust $9,920,000 $5,645,000 -43.1% 1.9%
PRIMARY RESIDENTIAL MORTGAGE, INC. $5,490,000 $4,880,000 -11.1% 1.6%
Midwest Bank $12,560,000 $4,660,000 -62.9% 1.5%
CALIBER HOME LOANS, INC. $8,880,000 $4,655,000 -47.6% 1.5%
CENTRAL MINNESOTA Credit Union $10,520,000 $4,345,000 -58.7% 1.4%
American Federal Bank $15,415,000 $4,150,000 -73.1% 1.4%
First Western Bank & Trust $5,290,000 $3,115,000 -41.1% 1.0%
PENNYMAC LOAN SERVICES, LLC $4,930,000 $3,010,000 -38.9% 1.0%
Alerus Financial $4,925,000 $2,750,000 -44.2% 0.9%
Bank of the West $2,910,000 $2,750,000 -5.5% 0.9%
American National Bank of Minnesota $4,285,000 $2,670,000 -37.7% 0.9%
RiverWood Bank $485,000 $2,625,000 441.2% 0.9%
Mortgage Research Center, LLC $5,375,000 $2,510,000 -53.3% 0.8%
LOANDEPOT.COM, LLC $5,770,000 $2,395,000 -58.5% 0.8%
Flagstar Bank, FSB $3,465,000 $2,310,000 -33.3% 0.8%
FIRST COMMUNITY CREDIT UNION $3,725,000 $2,175,000 -41.6% 0.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,245,000 $2,085,000 -50.9% 0.7%
AgCountry Farm Credit Services, FLCA $2,105,000 $1,880,000 -10.7% 0.6%
GUARANTEED RATE, INC. $270,000 $1,865,000 590.7% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $2,810,000 $1,855,000 -34.0% 0.6%
VISIONBank $3,655,000 $1,855,000 -49.2% 0.6%
Union State Bank of Fargo $1,495,000 $1,695,000 13.4% 0.6%
FREEDOM MORTGAGE CORPORATION $10,965,000 $1,615,000 -85.3% 0.5%
Paramount Residential Mortgage Group, Inc. $1,565,000 n/a 0.5%
PLAZA HOME MORTGAGE, INC. $1,325,000 $1,490,000 12.5% 0.5%
WINGS FINANCIAL $800,000 $1,480,000 85.0% 0.5%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,495,000 $1,440,000 -3.7% 0.5%
NEWREZ LLC $2,565,000 $1,435,000 -44.1% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,635,000 $1,345,000 -63.0% 0.4%
Choice Financial Group $4,835,000 $1,345,000 -72.2% 0.4%
Western State Bank $2,525,000 $1,340,000 -46.9% 0.4%
BROKER SOLUTIONS, INC. $3,095,000 $1,230,000 -60.3% 0.4%
Starion Bank $1,040,000 $1,200,000 15.4% 0.4%
FINANCE OF AMERICA MORTGAGE LLC $380,000 $1,185,000 211.8% 0.4%
Servion, Inc. $1,090,000 $1,160,000 6.4% 0.4%
HOMEOWNERS FINANCIAL GROUP USA, LLC $2,530,000 $1,100,000 -56.5% 0.4%
American Mortgage & Equity Consultants, Inc. $2,085,000 $1,070,000 -48.7% 0.4%
CAPITAL CREDIT UNION $5,300,000 $1,020,000 -80.8% 0.3%
Cornerstone Bank $235,000 $1,010,000 329.8% 0.3%
Royal Credit Union $960,000 n/a 0.3%
VALLEY MORTGAGE, INC. $4,530,000 $960,000 -78.8% 0.3%
Bank of America $450,000 $955,000 112.2% 0.3%
COMPEER FINANCIAL, FLCA $685,000 $930,000 35.8% 0.3%
NBKC BANK $375,000 $905,000 141.3% 0.3%
Plains Commerce Bank $9,345,000 $895,000 -90.4% 0.3%
First Interstate Bank $890,000 n/a 0.3%
Barrington Bank & Trust Company, N.A. $935,000 $880,000 -5.9% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $2,690,000 $880,000 -67.3% 0.3%
First Dakota National Bank $875,000 n/a 0.3%
Frandsen Bank & Trust $1,255,000 $835,000 -33.5% 0.3%
Waterstone Mortgage Corporation $465,000 $820,000 76.3% 0.3%
HOME POINT FINANCIAL CORPORATION $1,625,000 $815,000 -49.8% 0.3%
CRESCENT MORTGAGE COMPANY $4,555,000 $785,000 -82.8% 0.3%
Liberty Bank Minnesota $145,000 $755,000 420.7% 0.3%
THRIVENT Federal Credit Union $1,030,000 $725,000 -29.6% 0.2%
BETTER MORTGAGE CORPORATION $600,000 $695,000 15.8% 0.2%
Prosperity Home Mortgage, LLC $610,000 $695,000 13.9% 0.2%
TOWN AND COUNTRY Credit Union $5,945,000 $680,000 -88.6% 0.2%
ONY GLO, INC. $415,000 $645,000 55.4% 0.2%
Goldwater Bank, N.A. $410,000 $640,000 56.1% 0.2%
Availa Bank $625,000 n/a 0.2%
KELLER MORTGAGE, LLC $770,000 $625,000 -18.8% 0.2%
Deerwood Bank $475,000 $620,000 30.5% 0.2%
Low VA Rates, LLC $615,000 n/a 0.2%
Kirkwood Bank & Trust Co. $605,000 n/a 0.2%
Neighborhood National Bank $565,000 n/a 0.2%
Associated Bank $655,000 $550,000 -16.0% 0.2%
AMERISAVE MORTGAGE CORPORATION $2,420,000 $545,000 -77.5% 0.2%
Baxter Credit Union $530,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $350,000 $530,000 51.4% 0.2%
Truist $480,000 n/a 0.2%
EVERETT FINANCIAL, INC. $215,000 $445,000 107.0% 0.1%
ENVOY MORTGAGE, LTD $415,000 n/a 0.1%
Minnwest Bank $415,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $335,000 $405,000 20.9% 0.1%
First Bank & Trust $855,000 $395,000 -53.8% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $340,000 $390,000 14.7% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $445,000 $385,000 -13.5% 0.1%
Bank of Colorado $375,000 n/a 0.1%
Morgan Stanley Private Bank $375,000 n/a 0.1%
The Central Trust Bank $355,000 $375,000 5.6% 0.1%
Carrington Mortgage Services, LLC $560,000 $335,000 -40.2% 0.1%
First PREMIER Bank $325,000 n/a 0.1%
SIOUXLAND FEDERAL CREDIT UNION $315,000 n/a 0.1%
Union Bank and Trust Company $315,000 n/a 0.1%
West Gate Bank $305,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $550,000 $290,000 -47.3% 0.1%
BAY EQUITY LLC $205,000 $280,000 36.6% 0.1%
GSF Mortgage Corporation $275,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $510,000 $265,000 -48.0% 0.1%
Bank of England $450,000 $265,000 -41.1% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $545,000 $265,000 -51.4% 0.1%
PNC Bank $255,000 n/a 0.1%
Citywide Banks $245,000 n/a 0.1%
Deere Employees Credit Union $340,000 $245,000 -27.9% 0.1%
USAA Federal Savings Bank $1,170,000 $245,000 -79.1% 0.1%
USAlliance Federal Credit Union $245,000 n/a 0.1%
SPIRE Credit Union $240,000 n/a 0.1%
Bank Forward $790,000 $235,000 -70.3% 0.1%
Charles Schwab Bank, SSB $225,000 n/a 0.1%
JPMorgan Chase Bank $1,650,000 $220,000 -86.7% 0.1%
Arvest Bank $215,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $255,000 $215,000 -15.7% 0.1%
MEMBERS COOPERATIVE $215,000 n/a 0.1%
SHAREPOINT CREDIT UNION $215,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,010,000 $210,000 -79.2% 0.1%
Lend Smart Mortgage, LLC $405,000 $205,000 -49.4% 0.1%
University of Wisconsin Credit Union $205,000 n/a 0.1%
UNITED $195,000 n/a 0.1%
AMERICAN ADVISORS GROUP $220,000 $190,000 -13.6% 0.1%
MOVEMENT MORTGAGE, LLC $380,000 $185,000 -51.3% 0.1%
M&T Bank $215,000 $185,000 -14.0% 0.1%
Northview Bank $215,000 $185,000 -14.0% 0.1%
NP, Inc. $185,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $350,000 $175,000 -50.0% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $175,000 n/a 0.1%
Ixonia Bank $365,000 $175,000 -52.1% 0.1%
HIWAY $535,000 $170,000 -68.2% 0.1%
Centier Bank $165,000 n/a 0.1%
LEADERONE FINANCIAL CORPORATION $2,065,000 $165,000 -92.0% 0.1%
Woodlands National Bank $165,000 n/a 0.1%
DELTA COMMUNITY CREDIT UNION $155,000 n/a 0.1%
RUOFF MORTGAGE COMPANY, INC. $155,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $415,000 $145,000 -65.1% 0.0%
Figure Lending LLC $65,000 $140,000 115.4% 0.0%
First Guaranty Mortgage Corporation $135,000 n/a 0.0%
Auto Club Trust, FSB $125,000 n/a 0.0%
IOWA BANKERS MORTGAGE CORPORATION $225,000 $125,000 -44.4% 0.0%
Mortgages Unlimited Inc. $565,000 $125,000 -77.9% 0.0%
Green Belt Bank & Trust $120,000 n/a 0.0%
National Bank of Commerce $115,000 n/a 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $545,000 $105,000 -80.7% 0.0%
Citizens Bank $720,000 $105,000 -85.4% 0.0%
LONGBRIDGE FINANCIAL, LLC $105,000 n/a 0.0%
PLANET HOME LENDING, LLC $325,000 $105,000 -67.7% 0.0%
ROYAL UNITED MORTGAGE LLC $75,000 $95,000 26.7% 0.0%
St. Paul Federal Credit Union $195,000 $95,000 -51.3% 0.0%
Nations Lending Corporation $105,000 $85,000 -19.0% 0.0%
HomeTown Bank $75,000 n/a 0.0%
The Huntington National Bank $65,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $135,000 $65,000 -51.9% 0.0%
Peoples Bank $205,000 $55,000 -73.2% 0.0%
Discover Bank $45,000 n/a 0.0%
American Investors Bank and Mortgage $25,000 n/a 0.0%

Fergus Falls's top lender by overall market share is Gate City Bank, with 11.6% market share. In second place, with 10.6%, is Bell Bank, having originated $32,035,000 in loans. In third place, with 8.9%, is Bremer Bank, having originated $26,785,000 in loans. In fourth place, with 6.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $18,975,000 in loans. In fifth place, with 3.8%, is Wells Fargo Bank, having originated $11,465,000 in loans.


Fergus Falls Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Fergus Falls (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 $217,033 (8.6%) $342,322 (19.0%) 0.00 262
2018-02-01 $219,175 (11.1%) $350,708 (23.3%) 0.00 269
2018-03-01 $229,900 (4.9%) $364,674 (21.9%) 0.00 289
2018-04-01 $244,675 (2.0%) $361,881 (12.9%) 0.00 358
2018-05-01 $245,750 (-0.7%) $351,871 (8.7%) 0.00 423
2018-06-01 $259,000 (7.6%) $349,493 (9.4%) 0.00 478
2018-07-01 $259,450 (12.8%) $336,653 (7.6%) 0.00 474
2018-08-01 $262,750 (16.7%) $335,066 (7.7%) 0.00 462
2018-09-01 $249,900 (11.1%) $323,163 (3.8%) 0.00 468
2018-10-01 $249,900 (14.1%) $316,459 (2.0%) 0.00 434
2018-11-01 $249,450 (15.2%) $316,032 (-1.9%) 0.00 353
2018-12-01 $242,200 (11.7%) $309,160 (-6.6%) 0.00 293
2019-01-01 $229,900 (5.9%) $281,050 (-17.9%) 0.00 222
2019-02-01 $239,900 (9.5%) $303,541 (-13.5%) 0.00 217
2019-03-01 $254,707 (10.8%) $321,753 (-11.8%) 0.00 244
2019-04-01 $271,257 (10.9%) $340,536 (-5.9%) 0.00 276
2019-05-01 $263,700 (7.3%) $343,469 (-2.4%) 0.00 357
2019-06-01 $249,900 (-3.5%) $333,677 (-4.5%) 0.00 397
2019-07-01 $261,200 (0.7%) $338,323 (0.5%) 0.00 388
2019-08-01 $259,064 (-1.4%) $331,281 (-1.1%) 0.00 374
2019-09-01 $253,909 (1.6%) $321,908 (-0.4%) 0.00 359
2019-10-01 $249,900 (0.0%) $317,772 (0.4%) 0.00 337
2019-11-01 $244,900 (-1.8%) $315,480 (-0.2%) 0.00 276
2019-12-01 $241,150 (-0.4%) $297,205 (-3.9%) 0.00 213
2020-01-01 $228,500 (-0.6%) $280,268 (-0.3%) 0.00 172
2020-02-01 $228,500 (-4.8%) $277,428 (-8.6%) 0.00 183
2020-03-01 $237,425 (-6.8%) $300,844 (-6.5%) 0.00 235
2020-04-01 $237,675 (-12.4%) $300,310 (-11.8%) 0.00 255
2020-05-01 $269,900 (2.4%) $336,324 (-2.1%) 0.00 278
2020-06-01 $269,900 (8.0%) $336,310 (0.8%) 0.00 273
2020-07-01 $269,925 (3.3%) $349,155 (3.2%) 0.00 268
2020-08-01 $269,900 (4.2%) $342,075 (3.3%) 0.00 250
2020-09-01 $271,175 (6.8%) $355,209 (10.3%) 0.00 233
2020-10-01 $259,900 (4.0%) $343,779 (8.2%) 0.00 198
2020-11-01 $234,500 (-4.3%) $322,123 (2.1%) 0.00 185
2020-12-01 $249,000 (3.3%) $337,712 (13.6%) 0.00 150
2021-01-01 $247,000 (8.1%) $352,492 (25.8%) 0.00 107
2021-02-01 $236,975 (3.7%) $368,031 (32.7%) 0.00 89
2021-03-01 $247,975 (4.4%) $386,663 (28.5%) 0.00 99
2021-04-01 $271,175 (14.1%) $424,809 (41.5%) 0.00 107
2021-05-01 $269,900 (0.0%) $404,886 (20.4%) 0.00 100
2021-06-01 $256,750 (-4.9%) $385,879 (14.7%) 0.00 114
2021-07-01 $299,900 (11.1%) $416,560 (19.3%) 0.00 133
2021-08-01 $271,850 (0.7%) $381,708 (11.6%) 0.00 164
2021-09-01 $277,700 (2.4%) $375,837 (5.8%) 0.00 164
2021-10-01 $287,450 (10.6%) $408,257 (18.8%) 0.00 150
2021-11-01 $264,975 (13.0%) $415,181 (28.9%) 0.00 107
2021-12-01 $249,900 (0.4%) $377,940 (11.9%) 0.00 86
2022-01-01 $259,000 (4.9%) $399,755 (13.4%) 0.00 68
2022-02-01 $322,450 (36.1%) $431,871 (17.4%) 0.00 72
2022-03-01 $333,725 (34.6%) $421,828 (9.1%) 0.00 70
2022-04-01 $339,950 (25.4%) $431,912 (1.7%) 0.00 90
2022-05-01 $327,500 (21.3%) $430,649 (6.4%) 0.00 126
2022-06-01 $314,250 (22.4%) $435,358 (12.8%) 0.00 175
2022-07-01 $332,450 (10.9%) $444,910 (6.8%) 0.00 189
2022-08-01 $349,900 (28.7%) $448,065 (17.4%) 0.00 180
2022-09-01 $349,900 (26.0%) $434,274 (15.6%) 0.00 174
2022-10-01 $335,000 (16.5%) $415,098 (1.7%) 0.00 166
2022-11-01 $347,400 (31.1%) $429,753 (3.5%) 0.00 137
2022-12-01 $359,450 (43.8%) $443,454 (17.3%) 0.00 112
2023-01-01 $356,725 (37.7%) $424,236 (6.1%) 0.00 84
2023-02-01 $338,000 (4.8%) $428,483 (-0.8%) 0.00 75
2023-03-01 $372,450 (11.6%) $465,515 (10.4%) 0.00 89
2023-04-01 $399,000 (17.4%) $529,621 (22.6%) 0.00 109
2023-05-01 $399,350 (21.9%) $531,615 (23.4%) 0.00 152
2023-06-01 $399,375 (27.1%) $522,280 (20.0%) 0.00 166
2023-07-01 $399,750 (20.2%) $500,951 (12.6%) 0.00 204
2023-08-01 $409,500 (17.0%) $498,603 (11.3%) 0.00 225
Fergus Falls's median listing price for 2023-08-01 was $409,500, a difference of $59,600 (17.0%) versus the prior year and $9,750 versus the prior month.

Fergus Falls's median listing price comes in at 0% of the national average.

Fergus Falls's average listing price for 2023-08-01 was $498,603, a difference of $50,538 (11.3%) versus the prior year and $-2,348 versus the prior month.

For the 2023-08-01 period, Fergus Falls had 225 MLS listings, a difference of 21 listings (10%) versus the prior month and 45 listings (25%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fergus Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,741 sqft
2018-02-01 0 days 1,736 sqft
2018-03-01 0 days 1,810 sqft
2018-04-01 0 days 1,866 sqft
2018-05-01 0 days 1,859 sqft
2018-06-01 0 days 1,900 sqft
2018-07-01 0 days 1,930 sqft
2018-08-01 0 days 1,997 sqft
2018-09-01 0 days 2,000 sqft
2018-10-01 0 days 2,015 sqft
2018-11-01 0 days 2,057 sqft
2018-12-01 0 days 2,005 sqft
2019-01-01 0 days 1,980 sqft
2019-02-01 0 days 2,112 sqft
2019-03-01 0 days 2,098 sqft
2019-04-01 0 days 2,063 sqft
2019-05-01 0 days 1,927 sqft
2019-06-01 0 days 1,871 sqft
2019-07-01 0 days 1,909 sqft
2019-08-01 0 days 1,893 sqft
2019-09-01 0 days 1,883 sqft
2019-10-01 0 days 1,876 sqft
2019-11-01 0 days 1,872 sqft
2019-12-01 0 days 1,859 sqft
2020-01-01 0 days 1,757 sqft
2020-02-01 0 days 1,804 sqft
2020-03-01 0 days 1,790 sqft
2020-04-01 0 days 1,776 sqft
2020-05-01 0 days 1,894 sqft
2020-06-01 0 days 1,915 sqft
2020-07-01 0 days 2,000 sqft
2020-08-01 0 days 1,904 sqft
2020-09-01 0 days 1,920 sqft
2020-10-01 0 days 1,776 sqft
2020-11-01 0 days 1,773 sqft
2020-12-01 0 days 1,776 sqft
2021-01-01 0 days 1,628 sqft
2021-02-01 0 days 1,782 sqft
2021-03-01 0 days 1,934 sqft
2021-04-01 0 days 1,897 sqft
2021-05-01 0 days 1,929 sqft
2021-06-01 0 days 1,769 sqft
2021-07-01 0 days 1,934 sqft
2021-08-01 0 days 1,996 sqft
2021-09-01 0 days 1,944 sqft
2021-10-01 0 days 2,014 sqft
2021-11-01 0 days 2,089 sqft
2021-12-01 0 days 2,013 sqft
2022-01-01 0 days 1,980 sqft
2022-02-01 0 days 2,101 sqft
2022-03-01 0 days 2,172 sqft
2022-04-01 0 days 1,973 sqft
2022-05-01 0 days 1,914 sqft
2022-06-01 0 days 2,042 sqft
2022-07-01 0 days 1,900 sqft
2022-08-01 0 days 1,883 sqft
2022-09-01 0 days 1,716 sqft
2022-10-01 0 days 1,768 sqft
2022-11-01 0 days 1,806 sqft
2022-12-01 0 days 1,872 sqft
2023-01-01 0 days 1,875 sqft
2023-02-01 0 days 1,877 sqft
2023-03-01 0 days 1,894 sqft
2023-04-01 0 days 1,920 sqft
2023-05-01 0 days 1,964 sqft
2023-06-01 0 days 2,016 sqft
2023-07-01 0 days 1,898 sqft
2023-08-01 0 days 1,971 sqft
Fergus Falls's median listing age (time on market) for 2023-08-01 was 0 days.

Fergus Falls's median square footage for active listings during the 2023-08-01 period was 1,971 sqft. One year prior, the average listing was 1,883 sqft.

Fergus Falls, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 697 $188,025,000 $269,763
Refi 294 $45,040,000 $153,197
Cash Out Refi 194 $41,400,000 $213,402
Other 127 $17,835,000 $140,433
Home Improvement 91 $8,755,000 $96,209

Fergus Falls's most frequently cited loan purpose was Home Purchase, with 697 originations. The 2nd most popular reason was Refi, with 294 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 341 $71,815,000 $210,601
3-4% 334 $71,310,000 $213,503
4-5% 332 $82,510,000 $248,524
6-7% 141 $27,265,000 $193,369
2.5-3% 94 $20,260,000 $215,532
7-8% 34 $6,770,000 $199,118
<2.5% 32 $4,710,000 $147,188
Over 8% 10 $480,000 $48,000

During 2022, Fergus Falls's most frequently originated rate bucket was 5-6%, with 341 originations.

Loan Sizing (Fergus Falls, MN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 427 $63,545,000 $148,817
$200k-400k 410 $112,190,000 $273,634
$100,000 or less 387 $21,115,000 $54,561
$400k-600k 122 $57,960,000 $475,082
$600k-1000k 47 $33,235,000 $707,128
$Over $1MM 10 $13,010,000 $1,301,000

Fergus Falls's loan sizing saw the bucket of loans from $100k-200k with 427 originations, totaling $63,545,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 448 $114,080,000 $254,643
60-80% 350 $103,650,000 $296,143
Under 20% 182 $7,710,000 $42,363
40-60% 179 $39,635,000 $221,425
20-40% 156 $18,470,000 $118,397
Over 100% 4 $1,050,000 $262,500

Fergus Falls's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 448 originations, totaling $114,080,000 in origination value.