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 6.72% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

The average rate for the prior week (2024-07-03) was 6.98% and one month ago for the week of 2024-06-06, the average rate was 7.22%.

Fergus Falls's average rate one year ago was 6.84%.

For refis of the same type during the week of 2024-07-11, the average rate was 7.19%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-11 6.89%
Fergus Falls 30 Year Fixed Rate 2024-07-11 6.72%
Fergus Falls 30 Year Fixed Rate Refi 2024-07-11 7.19%
Fergus Falls 15 Year Fixed Rate 2024-07-11 6.37%
Fergus Falls 15 Year Fixed Rate Refi 2024-07-11 6.07%
Fergus Falls 30 Year FHA 2024-07-11 6.66%
Fergus Falls 30 Year FHA Refi 2024-07-11 6.66%
Fergus Falls 30 Year USDA 2024-07-11 6.47%
Fergus Falls 30 Year USDA Refi 2024-07-11 6.57%
Fergus Falls 30 Year VA 2024-07-11 6.56%
Fergus Falls 30 Year VA Refi 2024-07-11 6.36%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 51 6.84% $5,438
Gate City Bank 46 6.45% $5,612
Bell Bank 45 6.99% $5,913
Tradition Mortgage, LLC 27 6.57% $4,591
Bremer Bank 17 6.73% $6,497
CENTRAL MINNESOTA Credit Union 16 6.71% $2,768
QUICKEN LOANS, LLC 11 6.73% $5,599
First International Bank & Trust 11 7.07% $6,368
AFFINITY PLUS 10 6.61% $4,174
PRIMARY RESIDENTIAL MORTGAGE, INC. 9 6.94% $6,702
U.S. Bank 8 7.09% $5,057
Merchants Bank 7 6.76% $4,919
GUARANTEED RATE, INC. 7 6.65% $7,167
Wells Fargo Bank 7 6.39% $4,151
Nations Lending Corporation 5 6.55% $4,038
BMO Harris Bank 5 6.70% $3,478
First Western Bank & Trust 4 6.22% $7,590
Flagstar Bank, FSB 4 7.50% $3,973
The Huntington National Bank 4 6.88% $5,675
FIRST COMMUNITY CREDIT UNION 4 6.69% $7,840
Western State Bank 3 5.55% $7,391
Minnwest Bank 3 6.58% $4,195
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 7.42% $6,573
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.75% $6,605
VALLEY MORTGAGE, INC. 3 6.24% $3,009
ZILLOW HOME LOANS, LLC 2 7.56% $4,351
BAY EQUITY LLC 2 6.75% $6,521
BROKER SOLUTIONS, INC. 2 7.61% $7,146
CROSSCOUNTRY MORTGAGE, LLC 2 6.81% $5,007
EVERETT FINANCIAL, INC. 2 7.13% $2,599
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.12% $6,147
HIWAY 2 6.06% $3,381
NAVY FEDERAL CREDIT UNION 2 7.44% $6,659
NEWREZ LLC 2 6.94% $9,159
Old National Bank 2 6.56% $4,042
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.44% $3,074
Prosperity Home Mortgage, LLC 2 6.44% $6,408
Frandsen Bank & Trust 1 7.25% $5,925
First Savings Bank 1 6.50% $5,425
Morgan Stanley Private Bank 1 5.98% $3,650
Mortgage Research Center, LLC 1 6.88% $789
First National Bank of Omaha 1 8.00% $4,147
Deere Employees Credit Union 1 5.13% $2,178
CAPITAL CREDIT UNION 1 6.75% $5,783
NBKC BANK 1 5.88% $3,333
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.99% $3,909
American Mortgage & Equity Consultants, Inc. 1 6.00% $5,654
Paramount Residential Mortgage Group, Inc. 1 8.75% $30,850
PENNYMAC LOAN SERVICES, LLC 1 7.50% $2,608
Plains Commerce Bank 1 5.38% $9,698
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.88% $5,272
COMPEER FINANCIAL, FLCA 1 7.63% $5,178
WINGS FINANCIAL 1 6.25% $2,713
Alerus Financial 1 7.38% $3,980
Commerce Home Mortgage, Inc. 1 8.63% $12,174
Royal Credit Union 1 6.75% $0
ROYAL UNITED MORTGAGE LLC 1 6.63% $7,686
S1L, Inc. 1 7.13% $5,738
Servion, Inc. 1 7.25% $3,322
Starion Bank 1 6.13% $9,072
Summit Mortgage Corporation 1 8.13% $3,097
The Federal Savings Bank 1 7.75% $10,471
CHURCHILL MORTGAGE CORPORATION 1 6.88% $6,571
TOWN AND COUNTRY Credit Union 1 6.00% $3,737
CHEVRON 1 6.88% $8,757
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 6.38% $13,311
UBS Bank USA 1 7.38% $4,053
Central Bank 1 5.99% $6,545
GUARANTEED RATE AFFINITY, LLC 1 6.00% $15,831
CARDINAL FINANCIAL 1 5.99% $9,833
Home Federal Savings Bank 1 6.50% $6,162
FREEDOM MORTGAGE CORPORATION 1 7.63% $6,766
LAKEVIEW LOAN SERVICING, LLC 1 7.00% $4,013
LOANDEPOT.COM, LLC 1 7.99% $5,465

Fergus Falls Average Closing Costs & Other Stats

Fergus Falls, MN's 74 lenders originated 1,072 loans during 2023. The total origination value was $218,410,000, with an average loan value of $203,741.

Fergus Falls's average closing costs are $4,602.

The top Fergus Falls lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 51 loans originated. Their average total fees are $5,438, which is $174 lower than the next largest lender, Gate City Bank.

The lowest fee Fergus Falls lenders (with over 10 loans originated) are CENTRAL MINNESOTA Credit Union ($2,768), AFFINITY PLUS ($4,174), Tradition Mortgage, LLC ($4,591), UNITED WHOLESALE MORTGAGE, LLC ($5,438) and QUICKEN LOANS, LLC ($5,599).

The lowest rate Fergus Falls lenders (with over 10 loans originated) are Gate City Bank (6.45%), Tradition Mortgage, LLC (6.57%), AFFINITY PLUS (6.61%), CENTRAL MINNESOTA Credit Union (6.71%) and Bremer Bank (6.73%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Bell Bank $32,035,000 $30,090,000 -6.1% 13.8%
Gate City Bank $35,030,000 $23,520,000 -32.9% 10.8%
UNITED WHOLESALE MORTGAGE, LLC $18,975,000 $16,700,000 -12.0% 7.6%
Bremer Bank $26,785,000 $15,470,000 -42.2% 7.1%
Tradition Mortgage, LLC $10,415,000 $7,520,000 -27.8% 3.4%
First International Bank & Trust $5,645,000 $7,400,000 31.1% 3.4%
QUICKEN LOANS, LLC $10,035,000 $6,845,000 -31.8% 3.1%
AFFINITY PLUS $6,985,000 $6,655,000 -4.7% 3.0%
American Federal Bank $4,150,000 $6,125,000 47.6% 2.8%
U.S. Bank $10,960,000 $5,355,000 -51.1% 2.5%
PRIMARY RESIDENTIAL MORTGAGE, INC. $4,880,000 $4,755,000 -2.6% 2.2%
Midwest Bank $4,660,000 $4,145,000 -11.1% 1.9%
CENTRAL MINNESOTA Credit Union $4,345,000 $3,750,000 -13.7% 1.7%
Mortgage Research Center, LLC $2,510,000 $3,455,000 37.6% 1.6%
Wells Fargo Bank $11,465,000 $2,935,000 -74.4% 1.3%
First Western Bank & Trust $3,115,000 $2,840,000 -8.8% 1.3%
American National Bank of Minnesota $2,670,000 $2,830,000 6.0% 1.3%
GUARANTEED RATE, INC. $1,865,000 $2,500,000 34.0% 1.1%
BMO Harris Bank $2,470,000 n/a 1.1%
FIRST COMMUNITY CREDIT UNION $2,175,000 $2,225,000 2.3% 1.0%
The Huntington National Bank $65,000 $1,835,000 2,723.1% 0.8%
Choice Financial Group $1,345,000 $1,775,000 32.0% 0.8%
Merchants Bank $10,800,000 $1,645,000 -84.8% 0.8%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,440,000 $1,535,000 6.6% 0.7%
HOMEOWNERS FINANCIAL GROUP USA, LLC $1,100,000 $1,530,000 39.1% 0.7%
AgCountry Farm Credit Services, FLCA $1,880,000 $1,510,000 -19.7% 0.7%
Nations Lending Corporation $85,000 $1,450,000 1,605.9% 0.7%
GUARANTEED RATE AFFINITY, LLC $1,370,000 n/a 0.6%
PENNYMAC LOAN SERVICES, LLC $3,010,000 $1,300,000 -56.8% 0.6%
NEWREZ LLC $1,435,000 $1,280,000 -10.8% 0.6%
NAVY FEDERAL CREDIT UNION $1,270,000 n/a 0.6%
CAPITAL CREDIT UNION $1,020,000 $1,245,000 22.1% 0.6%
BROKER SOLUTIONS, INC. $1,230,000 $1,230,000 0.0% 0.6%
Western State Bank $1,340,000 $1,230,000 -8.2% 0.6%
Star Bank $1,215,000 n/a 0.6%
Deerwood Bank $620,000 $1,125,000 81.5% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,085,000 $1,095,000 -47.5% 0.5%
Paramount Residential Mortgage Group, Inc. $1,565,000 $965,000 -38.3% 0.4%
VILLAGE CAPITAL MORTGAGE $950,000 n/a 0.4%
Royal Credit Union $960,000 $930,000 -3.1% 0.4%
HIWAY $170,000 $915,000 438.2% 0.4%
Alerus Financial $2,750,000 $890,000 -67.6% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $265,000 $885,000 234.0% 0.4%
TOWN AND COUNTRY Credit Union $680,000 $810,000 19.1% 0.4%
Flagstar Bank, FSB $2,310,000 $760,000 -67.1% 0.3%
First State Bank Nebraska $755,000 n/a 0.3%
Exchange State Bank $735,000 n/a 0.3%
Bank Forward $235,000 $730,000 210.6% 0.3%
Prosperity Home Mortgage, LLC $695,000 $715,000 2.9% 0.3%
Unison Bank $705,000 n/a 0.3%
Starion Bank $1,200,000 $700,000 -41.7% 0.3%
VISIONBank $1,855,000 $700,000 -62.3% 0.3%
RiverWood Bank $2,625,000 $695,000 -73.5% 0.3%
VALLEY MORTGAGE, INC. $960,000 $690,000 -28.1% 0.3%
NBKC BANK $905,000 $680,000 -24.9% 0.3%
Farmers & Merchants Savings Bank $645,000 n/a 0.3%
Old National Bank $645,000 n/a 0.3%
EVERETT FINANCIAL, INC. $445,000 $640,000 43.8% 0.3%
LOANDEPOT.COM, LLC $2,395,000 $630,000 -73.7% 0.3%
Minnwest Bank $415,000 $575,000 38.6% 0.3%
Plains Commerce Bank $895,000 $560,000 -37.4% 0.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $175,000 $555,000 217.1% 0.3%
First State Bank $555,000 n/a 0.3%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $105,000 $550,000 423.8% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $880,000 $545,000 -38.1% 0.2%
UBS Bank USA $525,000 n/a 0.2%
The Federal Savings Bank $520,000 n/a 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $390,000 $510,000 30.8% 0.2%
CARDINAL FINANCIAL $1,345,000 $490,000 -63.6% 0.2%
Discover Bank $45,000 $485,000 977.8% 0.2%
USAA Federal Savings Bank $245,000 $470,000 91.8% 0.2%
BAY EQUITY LLC $280,000 $460,000 64.3% 0.2%
PREMIER MORTGAGE RESOURCES, L.L.C. $430,000 n/a 0.2%
FREEDOM MORTGAGE CORPORATION $1,615,000 $415,000 -74.3% 0.2%
Deere Employees Credit Union $245,000 $405,000 65.3% 0.2%
First State Bank of Le Center $385,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $380,000 n/a 0.2%
CHURCHILL MORTGAGE CORPORATION $145,000 $355,000 144.8% 0.2%
Home Federal Savings Bank $355,000 n/a 0.2%
Liberty Bank Minnesota $755,000 $350,000 -53.6% 0.2%
PLANET HOME LENDING, LLC $105,000 $350,000 233.3% 0.2%
Commerce Home Mortgage, Inc. $345,000 n/a 0.2%
COMPEER FINANCIAL, FLCA $930,000 $345,000 -62.9% 0.2%
Morgan Stanley Private Bank $375,000 $345,000 -8.0% 0.2%
Frandsen Bank & Trust $835,000 $340,000 -59.3% 0.2%
Cornerstone Bank $1,010,000 $335,000 -66.8% 0.2%
Figure Lending LLC $140,000 $315,000 125.0% 0.1%
American Heritage National Bank $285,000 n/a 0.1%
Citizens Bank $105,000 $270,000 157.1% 0.1%
S1L, Inc. $255,000 n/a 0.1%
Equity Prime Mortgage LLC $245,000 n/a 0.1%
Security Bank & Trust Company $245,000 n/a 0.1%
WINGS FINANCIAL $1,480,000 $245,000 -83.4% 0.1%
CHEVRON $235,000 n/a 0.1%
TOPLINE FEDERAL CREDIT UNION $225,000 n/a 0.1%
Central Bank $215,000 n/a 0.1%
Citizens Alliance Bank $215,000 n/a 0.1%
First National Bank of Omaha $195,000 n/a 0.1%
First PREMIER Bank $325,000 $185,000 -43.1% 0.1%
First Savings Bank $185,000 n/a 0.1%
Bank of the West $2,750,000 $180,000 -93.5% 0.1%
Century Mortgage Company DBA Century Lending Company $405,000 $180,000 -55.6% 0.1%
LAKEVIEW LOAN SERVICING, LLC $210,000 $180,000 -14.3% 0.1%
EMM LOANS LLC $165,000 n/a 0.1%
Northview Bank $185,000 $165,000 -10.8% 0.1%
Reliabank Dakota $165,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $165,000 n/a 0.1%
American Mortgage & Equity Consultants, Inc. $1,070,000 $155,000 -85.5% 0.1%
Summit Mortgage Corporation $150,000 n/a 0.1%
First Bank & Trust $395,000 $145,000 -63.3% 0.1%
First Resource Bank $145,000 n/a 0.1%
Green Belt Bank & Trust $120,000 $145,000 20.8% 0.1%
LONGBRIDGE FINANCIAL, LLC $105,000 $145,000 38.1% 0.1%
PLAZA HOME MORTGAGE, INC. $1,490,000 $145,000 -90.3% 0.1%
Unity Bank $145,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $545,000 $135,000 -75.2% 0.1%
BankVista $135,000 n/a 0.1%
SOUTHPOINT FINANCIAL $135,000 n/a 0.1%
Firstar Bank $125,000 n/a 0.1%
Freeport State Bank $115,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $95,000 $115,000 21.1% 0.1%
Carrington Mortgage Services, LLC $335,000 $105,000 -68.7% 0.0%
Coastal Community Bank $105,000 n/a 0.0%
Community Development Bank, FSB $95,000 n/a 0.0%
MEMBERS COOPERATIVE $215,000 $85,000 -60.5% 0.0%
Servion, Inc. $1,160,000 $85,000 -92.7% 0.0%
American Airlines Federal Credit Union $55,000 n/a 0.0%
Kensington Bank $55,000 n/a 0.0%
Mr. Cooper ( Nationstar Mortgage ) $1,855,000 $45,000 -97.6% 0.0%
Bank of America $955,000 $25,000 -97.4% 0.0%
TRIAD FINANCIAL SERVICES, INC. $65,000 $25,000 -61.5% 0.0%
NOVATION CREDIT UNION $15,000 n/a 0.0%

Fergus Falls's top lender by overall market share is Bell Bank, with 13.8% market share. In second place, with 10.8%, is Gate City Bank, having originated $23,520,000 in loans. In third place, with 7.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $16,700,000 in loans. In fourth place, with 7.1%, is Bremer Bank, having originated $15,470,000 in loans. In fifth place, with 3.4%, is Tradition Mortgage, LLC, having originated $7,520,000 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 $217,367 (8.7%) $343,043 (19.2%) 0.00 261
2018-02-01 $219,450 (11.3%) $351,429 (23.6%) 0.00 268
2018-03-01 $231,950 (5.8%) $365,402 (22.2%) 0.00 288
2018-04-01 $244,900 (2.1%) $362,485 (13.5%) 0.00 357
2018-05-01 $246,875 (0.2%) $352,374 (9.2%) 0.00 422
2018-06-01 $259,000 (7.9%) $349,950 (9.9%) 0.00 477
2018-07-01 $259,450 (12.8%) $337,082 (8.0%) 0.00 473
2018-08-01 $263,750 (17.3%) $335,496 (8.2%) 0.00 461
2018-09-01 $249,950 (11.1%) $323,556 (4.2%) 0.00 467
2018-10-01 $249,900 (14.1%) $316,869 (2.2%) 0.00 433
2018-11-01 $249,675 (14.8%) $316,477 (-1.9%) 0.00 353
2018-12-01 $242,200 (11.4%) $309,160 (-6.8%) 0.00 293
2019-01-01 $229,900 (5.8%) $281,370 (-18.0%) 0.00 221
2019-02-01 $239,900 (9.3%) $303,604 (-13.6%) 0.00 216
2019-03-01 $254,707 (9.8%) $321,792 (-11.9%) 0.00 243
2019-04-01 $271,257 (10.8%) $340,541 (-6.1%) 0.00 276
2019-05-01 $263,700 (6.8%) $343,469 (-2.5%) 0.00 357
2019-06-01 $249,900 (-3.5%) $333,677 (-4.7%) 0.00 397
2019-07-01 $261,825 (0.9%) $338,677 (0.5%) 0.00 387
2019-08-01 $261,427 (-0.9%) $331,796 (-1.1%) 0.00 373
2019-09-01 $254,943 (2.0%) $322,133 (-0.4%) 0.00 359
2019-10-01 $249,900 (0.0%) $317,804 (0.3%) 0.00 337
2019-11-01 $244,900 (-1.9%) $313,463 (-1.0%) 0.00 275
2019-12-01 $241,150 (-0.4%) $297,205 (-3.9%) 0.00 213
2020-01-01 $228,500 (-0.6%) $280,268 (-0.4%) 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 (3.1%) $349,155 (3.1%) 0.00 268
2020-08-01 $269,900 (3.2%) $342,075 (3.1%) 0.00 250
2020-09-01 $271,175 (6.4%) $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 (2.8%) 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%) $531,323 (23.4%) 0.00 152
2023-06-01 $399,125 (27.0%) $521,525 (19.8%) 0.00 167
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
2023-09-01 $398,500 (13.9%) $474,538 (9.3%) 0.00 234
2023-10-01 $382,850 (14.3%) $468,184 (12.8%) 0.00 225
2023-11-01 $367,000 (5.6%) $453,466 (5.5%) 0.00 206
2023-12-01 $354,950 (-1.3%) $450,374 (1.6%) 0.00 185
2024-01-01 $342,375 (-4.0%) $443,588 (4.6%) 0.00 145
2024-02-01 $347,225 (2.7%) $457,947 (6.9%) 0.00 125
2024-03-01 $389,000 (4.4%) $482,290 (3.6%) 0.00 159
2024-04-01 $399,900 (0.2%) $491,447 (-7.2%) 0.00 181
2024-05-01 $402,425 (0.8%) $484,110 (-8.9%) 0.00 230
2024-06-01 $429,000 (7.5%) $538,712 (3.3%) 0.00 247
Fergus Falls's median listing price for 2024-06-01 was $429,000, a difference of $29,875 (7.5%) versus the prior year and $26,575 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 2024-06-01 was $538,712, a difference of $17,187 (3.3%) versus the prior year and $54,602 versus the prior month.

For the 2024-06-01 period, Fergus Falls had 247 MLS listings, a difference of 17 listings (7%) versus the prior month and 80 listings (48%) 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 1,742 sqft
2018-02-01 0 days 1,737 sqft
2018-03-01 0 days 1,819 sqft
2018-04-01 0 days 1,868 sqft
2018-05-01 0 days 1,865 sqft
2018-06-01 0 days 1,911 sqft
2018-07-01 0 days 1,932 sqft
2018-08-01 0 days 2,000 sqft
2018-09-01 0 days 2,000 sqft
2018-10-01 0 days 2,018 sqft
2018-11-01 0 days 2,058 sqft
2018-12-01 0 days 2,005 sqft
2019-01-01 0 days 1,990 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 1,915 sqft
2019-08-01 0 days 1,896 sqft
2019-09-01 0 days 1,884 sqft
2019-10-01 0 days 1,876 sqft
2019-11-01 0 days 1,872 sqft
2019-12-01 0 days 1,857 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 1,644 sqft
2021-02-01 0 days 1,794 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 1,936 sqft
2021-08-01 0 days 1,999 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 1,962 sqft
2023-06-01 0 days 2,005 sqft
2023-07-01 0 days 1,898 sqft
2023-08-01 0 days 1,971 sqft
2023-09-01 0 days 1,984 sqft
2023-10-01 0 days 1,986 sqft
2023-11-01 0 days 1,951 sqft
2023-12-01 0 days 1,908 sqft
2024-01-01 0 days 1,909 sqft
2024-02-01 0 days 1,947 sqft
2024-03-01 0 days 1,872 sqft
2024-04-01 0 days 1,847 sqft
2024-05-01 0 days 1,904 sqft
2024-06-01 0 days 1,902 sqft
Fergus Falls's median listing age (time on market) for 2024-06-01 was 0 days.

Fergus Falls's median square footage for active listings during the 2024-06-01 period was 1,902 sqft. One year prior, the average listing was 2,005 sqft.

Fergus Falls, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 570 $146,260,000 $256,596
Other 165 $19,905,000 $120,636
Home Improvement 134 $10,650,000 $79,478
Refi 129 $25,875,000 $200,581
Cash Out Refi 74 $15,720,000 $212,432

Fergus Falls's most frequently cited loan purpose was Home Purchase, with 570 originations. The 2nd most popular reason was Other, with 165 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 372 $81,400,000 $218,817
7-8% 263 $56,605,000 $215,228
Over 8% 197 $23,805,000 $120,838
5-6% 114 $26,750,000 $234,649
4-5% 11 $3,225,000 $293,182
3-4% 7 $2,705,000 $386,429
<2.5% 6 $80,000 $13,333
2.5-3% 1 $1,905,000 $1,905,000

During 2023, Fergus Falls's most frequently originated rate bucket was 6-7%, with 372 originations.

Loan Sizing (Fergus Falls, MN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 346 $17,210,000 $49,740
$100k-200k 320 $46,260,000 $144,563
$200k-400k 290 $82,710,000 $285,207
$400k-600k 65 $30,545,000 $469,923
$600k-1000k 44 $32,120,000 $730,000
$Over $1MM 7 $9,565,000 $1,366,429

Fergus Falls's loan sizing saw the bucket of loans from $100,000 or less with 346 originations, totaling $17,210,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 331 $87,035,000 $262,946
Under 20% 208 $9,970,000 $47,933
60-80% 184 $57,800,000 $314,130
20-40% 144 $16,780,000 $116,528
40-60% 97 $22,565,000 $232,629
Over 100% 4 $1,330,000 $332,500

Fergus Falls's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 331 originations, totaling $87,035,000 in origination value.