Fergus Falls Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Fergus Falls averaged 6.87% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.78% and one month ago for the week of 2025-02-27, the average rate was 6.99%.

    Fergus Falls's average rate one year ago was 6.72%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.94%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Fergus Falls 30 Year Fixed Rate 2025-04-03 6.87%
    Fergus Falls 30 Year Fixed Rate Refi 2025-04-03 6.94%
    Fergus Falls 15 Year Fixed Rate 2025-04-03 6.02%
    Fergus Falls 15 Year Fixed Rate Refi 2025-04-03 6.42%
    Fergus Falls 30 Year FHA 2025-04-03 6.36%
    Fergus Falls 30 Year FHA Refi 2025-04-03 6.46%
    Fergus Falls 30 Year USDA 2025-04-03 6.42%
    Fergus Falls 30 Year USDA Refi 2025-04-03 6.12%
    Fergus Falls 30 Year VA 2025-04-03 6.26%
    Fergus Falls 30 Year VA Refi 2025-04-03 6.06%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 59 6.93% $5,872
    Gate City Bank 58 6.28% $5,888
    Bell Bank 44 6.83% $4,588
    Tradition Mortgage, LLC 29 6.76% $5,442
    QUICKEN LOANS, LLC 22 6.86% $7,083
    Bremer Bank 22 6.88% $5,656
    CENTRAL MINNESOTA Credit Union 16 6.62% $2,977
    Merchants Bank 12 6.43% $4,263
    AFFINITY PLUS 11 6.51% $3,714
    PRIMARY RESIDENTIAL MORTGAGE, INC. 11 6.58% $7,178
    U.S. Bank 10 6.84% $5,240
    First International Bank & Trust 9 7.51% $6,365
    FIRST COMMUNITY CREDIT UNION 7 6.39% $6,223
    LOANDEPOT.COM, LLC 6 7.02% $6,870
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 7.00% $5,550
    Nations Lending Corporation 5 6.65% $7,563
    BROKER SOLUTIONS, INC. 5 6.80% $8,525
    Choice Financial Group 5 6.50% $7,730
    GUARANTEED RATE, INC. 5 6.73% $5,091
    American Mortgage & Equity Consultants, Inc. 5 6.73% $9,071
    PLAZA HOME MORTGAGE, INC. 4 6.90% $4,415
    ENVOY MORTGAGE, LTD 4 7.09% $5,062
    Flagstar Bank, FSB 4 6.87% $5,091
    TOWN AND COUNTRY Credit Union 4 6.75% $4,356
    Wells Fargo Bank 4 6.69% $4,927
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.96% $3,969
    SPIRE Credit Union 3 6.50% $3,008
    PENNYMAC LOAN SERVICES, LLC 3 6.87% $7,497
    NEWREZ LLC 3 7.42% $7,441
    CROSSCOUNTRY MORTGAGE, LLC 3 7.04% $11,132
    Mr. Cooper ( Nationstar Mortgage ) 2 7.31% $4,544
    VALLEY MORTGAGE, INC. 2 6.75% $4,458
    BMO Harris Bank 2 7.56% $3,782
    WINGS FINANCIAL 2 5.94% $3,357
    ZILLOW HOME LOANS, LLC 2 6.56% $8,462
    BAY EQUITY LLC 2 6.68% $5,273
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.81% $4,275
    FREEDOM MORTGAGE CORPORATION 2 7.13% $7,404
    Alerus Financial 2 7.38% $6,247
    First Dakota National Bank 2 6.75% $3,792
    UBS Bank USA 2 6.44% $4,173
    CAPITAL CREDIT UNION 2 5.88% $4,712
    Truist 1 6.63% $4,529
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.00% $8,674
    Associated Bank 1 6.50% $8,398
    Bank of America 1 6.88% $4,473
    Baxter Credit Union 1 6.88% $1,514
    BETTER MORTGAGE CORPORATION 1 5.75% $7,686
    Cambria Financial Group, LLC 1 7.50% $11,205
    CANOPY MORTGAGE, LLC 1 6.38% $5,718
    Charles Schwab Bank, SSB 1 5.50% $120
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $3,734
    Citizens Bank 1 7.00% $4,729
    Connexus Credit Union 1 6.29% $1,554
    Dakota Community Bank & Trust 1 6.50% $4,034
    Deerwood Bank 1 6.38% $5,369
    First Bank 1 7.38% $3,377
    First Federal Bank 1 7.00% $5,148
    GENISYS 1 5.75% $3,233
    Granite Community Bank 1 6.38% $3,797
    HomeTown Bank 1 6.88% $8,012
    Liberty Bank Minnesota 1 7.13% $1,485
    Loan Simple, Inc. 1 7.00% $7,019
    MEMBERS COOPERATIVE 1 6.88% $5,159
    Morgan Stanley Private Bank 1 6.58% $3,552
    NATIONS DIRECT MORTGAGE, LLC 1 7.50% $17,458
    NBKC BANK 1 7.63% $6,842
    Paramount Residential Mortgage Group, Inc. 1 7.99% $18,796
    Plains Commerce Bank 1 6.88% $3,591
    Residential Mortgage Solutions, Inc. 1 6.38% $3,642
    Royal Credit Union 1 7.13% $3,638
    Starion Bank 1 6.63% $6,391
    Summit Mortgage Corporation 1 7.25% $4,278
    SUN WEST MORTGAGE COMPANY, INC. 1 8.63% $5,575
    SWBC MORTGAGE CORPORATION 1 7.63% $14,571
    The Huntington National Bank 1 7.88% $8,422
    TOPLINE FEDERAL CREDIT UNION 1 6.88% $7,915
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 7.00% $4,003
    UNION HOME MORTGAGE CORP. 1 8.63% $5,672
    West Gate Bank 1 6.13% $11,013

    Fergus Falls Average Closing Costs & Other Stats

    Fergus Falls, MN's 80 lenders originated 1,189 loans during 2024. The total origination value was $270,385,000, with an average loan value of $227,405.

    Fergus Falls's average closing costs are $4,767.

    The top Fergus Falls lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 59 loans originated. Their average total fees are $5,872, which is $16 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 ($2,977), AFFINITY PLUS ($3,714), Merchants Bank ($4,263), Bell Bank ($4,588) and U.S. Bank ($5,240).

    The lowest rate Fergus Falls lenders (with over 10 loans originated) are Gate City Bank (6.28%), Merchants Bank (6.43%), AFFINITY PLUS (6.51%), PRIMARY RESIDENTIAL MORTGAGE, INC. (6.58%) and CENTRAL MINNESOTA Credit Union (6.62%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    Gate City Bank $23,520,000 $27,160,000 15.5% 10.0%
    Bell Bank $30,090,000 $27,040,000 -10.1% 10.0%
    UNITED WHOLESALE MORTGAGE, LLC $16,700,000 $23,005,000 37.8% 8.5%
    Bremer Bank $15,470,000 $15,490,000 0.1% 5.7%
    QUICKEN LOANS, LLC $6,845,000 $12,335,000 80.2% 4.6%
    Tradition Mortgage, LLC $7,520,000 $9,825,000 30.7% 3.6%
    First International Bank & Trust $7,400,000 $7,445,000 0.6% 2.8%
    Kensington Bank $55,000 $7,130,000 12,863.6% 2.6%
    American Federal Bank $6,125,000 $6,655,000 8.7% 2.5%
    AFFINITY PLUS $6,655,000 $5,835,000 -12.3% 2.2%
    Midwest Bank $4,145,000 $5,635,000 35.9% 2.1%
    U.S. Bank $5,355,000 $5,200,000 -2.9% 1.9%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $4,755,000 $4,310,000 -9.4% 1.6%
    Mortgage Research Center, LLC $3,455,000 $3,910,000 13.2% 1.4%
    CENTRAL MINNESOTA Credit Union $3,750,000 $3,705,000 -1.2% 1.4%
    FIRST COMMUNITY CREDIT UNION $2,225,000 $3,375,000 51.7% 1.2%
    AgCountry Farm Credit Services, FLCA $1,510,000 $3,145,000 108.3% 1.2%
    TOWN AND COUNTRY Credit Union $810,000 $3,135,000 287.0% 1.2%
    PENNYMAC LOAN SERVICES, LLC $1,300,000 $2,805,000 115.8% 1.0%
    BMO Harris Bank $2,470,000 $2,765,000 11.9% 1.0%
    Alerus Financial $890,000 $2,745,000 208.4% 1.0%
    RiverWood Bank $695,000 $2,540,000 265.5% 0.9%
    Choice Financial Group $1,775,000 $2,440,000 37.5% 0.9%
    American National Bank of Minnesota $2,830,000 $2,305,000 -18.6% 0.9%
    NEWREZ LLC $1,280,000 $2,170,000 69.5% 0.8%
    Merchants Bank $1,645,000 $2,155,000 31.0% 0.8%
    BROKER SOLUTIONS, INC. $1,230,000 $2,045,000 66.3% 0.8%
    LOANDEPOT.COM, LLC $630,000 $2,035,000 223.0% 0.8%
    American Mortgage & Equity Consultants, Inc. $155,000 $2,020,000 1,203.2% 0.7%
    UBS Bank USA $525,000 $1,810,000 244.8% 0.7%
    GUARANTEED RATE, INC. $2,500,000 $1,775,000 -29.0% 0.7%
    Associated Bank $1,685,000 n/a 0.6%
    FREEDOM MORTGAGE CORPORATION $415,000 $1,615,000 289.2% 0.6%
    Cornerstone Bank $335,000 $1,580,000 371.6% 0.6%
    Nations Lending Corporation $1,450,000 $1,575,000 8.6% 0.6%
    Union State Bank of Fargo $1,430,000 n/a 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,095,000 $1,375,000 25.6% 0.5%
    NAVY FEDERAL CREDIT UNION $1,270,000 $1,355,000 6.7% 0.5%
    Flagstar Bank, FSB $760,000 $1,320,000 73.7% 0.5%
    Paramount Residential Mortgage Group, Inc. $965,000 $1,250,000 29.5% 0.5%
    First Dakota National Bank $1,210,000 n/a 0.4%
    CROSSCOUNTRY MORTGAGE, LLC $545,000 $1,195,000 119.3% 0.4%
    ENVOY MORTGAGE, LTD $1,155,000 n/a 0.4%
    USAA Federal Savings Bank $470,000 $1,130,000 140.4% 0.4%
    VILLAGE CAPITAL MORTGAGE $950,000 $1,080,000 13.7% 0.4%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,535,000 $1,050,000 -31.6% 0.4%
    VALLEY MORTGAGE, INC. $690,000 $1,010,000 46.4% 0.4%
    Wells Fargo Bank $2,935,000 $965,000 -67.1% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $885,000 $950,000 7.3% 0.4%
    ZILLOW HOME LOANS, LLC $380,000 $910,000 139.5% 0.3%
    Morgan Stanley Private Bank $345,000 $905,000 162.3% 0.3%
    Summit Mortgage Corporation $150,000 $905,000 503.3% 0.3%
    Plains Commerce Bank $560,000 $890,000 58.9% 0.3%
    Mr. Cooper ( Nationstar Mortgage ) $45,000 $885,000 1,866.7% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $510,000 $850,000 66.7% 0.3%
    West Gate Bank $850,000 n/a 0.3%
    PLAZA HOME MORTGAGE, INC. $145,000 $820,000 465.5% 0.3%
    Security State Bank of Marine $815,000 n/a 0.3%
    CAPITAL CREDIT UNION $1,245,000 $805,000 -35.3% 0.3%
    PLANET HOME LENDING, LLC $350,000 $790,000 125.7% 0.3%
    Liberty Bank Minnesota $350,000 $695,000 98.6% 0.3%
    Loan Simple, Inc. $665,000 n/a 0.2%
    Heritage Bank $645,000 n/a 0.2%
    SPIRE Credit Union $645,000 n/a 0.2%
    Charles Schwab Bank, SSB $635,000 n/a 0.2%
    Citizens Bank $270,000 $615,000 127.8% 0.2%
    Barrington Bank & Trust Company, N.A. $585,000 n/a 0.2%
    WINGS FINANCIAL $245,000 $580,000 136.7% 0.2%
    FIRST COLONY MORTGAGE CORPORATION $570,000 n/a 0.2%
    NATIONS DIRECT MORTGAGE, LLC $565,000 n/a 0.2%
    Sherburne State Bank $565,000 n/a 0.2%
    American Heritage National Bank $285,000 $540,000 89.5% 0.2%
    Cambria Financial Group, LLC $515,000 n/a 0.2%
    TOPLINE FEDERAL CREDIT UNION $225,000 $510,000 126.7% 0.2%
    HomeTown Bank $485,000 n/a 0.2%
    Kirkwood Bank & Trust Co. $485,000 n/a 0.2%
    First Bank & Trust $145,000 $480,000 231.0% 0.2%
    VISIONBank $700,000 $475,000 -32.1% 0.2%
    BAY EQUITY LLC $460,000 $470,000 2.2% 0.2%
    Discover Bank $485,000 $470,000 -3.1% 0.2%
    SWBC MORTGAGE CORPORATION $465,000 n/a 0.2%
    FINANCE OF AMERICA REVERSE LLC $460,000 n/a 0.2%
    American Bank Center $455,000 n/a 0.2%
    Servion, Inc. $85,000 $445,000 423.5% 0.2%
    Texana Bank $425,000 n/a 0.2%
    Community First National Bank $415,000 n/a 0.2%
    First Western Bank & Trust $2,840,000 $415,000 -85.4% 0.2%
    Prosperity Home Mortgage, LLC $715,000 $405,000 -43.4% 0.1%
    The Federal Savings Bank $520,000 $385,000 -26.0% 0.1%
    Northview Bank $165,000 $380,000 130.3% 0.1%
    NEW DAY FINANCIAL, LLC $365,000 n/a 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $355,000 n/a 0.1%
    LENDINGHOME FUNDING CORPORATION $350,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $345,000 n/a 0.1%
    Magnolia Bank $345,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $165,000 $345,000 109.1% 0.1%
    First Federal Bank $335,000 n/a 0.1%
    Starion Bank $700,000 $335,000 -52.1% 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $1,530,000 $330,000 -78.4% 0.1%
    Granite Community Bank $325,000 n/a 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $555,000 $320,000 -42.3% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $25,000 $320,000 1,180.0% 0.1%
    THRIVENT Federal Credit Union $310,000 n/a 0.1%
    NBKC BANK $680,000 $305,000 -55.1% 0.1%
    The Huntington National Bank $1,835,000 $305,000 -83.4% 0.1%
    AMERICAN FINANCING CORPORATION $295,000 n/a 0.1%
    LOANPAL, LLC $295,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $295,000 n/a 0.1%
    LENOX FINANCIAL MORTGAGE CORPORATION $285,000 n/a 0.1%
    UNION HOME MORTGAGE CORP. $285,000 n/a 0.1%
    PREMIER MORTGAGE RESOURCES, L.L.C. $430,000 $280,000 -34.9% 0.1%
    GENISYS $270,000 n/a 0.1%
    Bank of Colorado $265,000 n/a 0.1%
    Deerwood Bank $1,125,000 $260,000 -76.9% 0.1%
    AMERISAVE MORTGAGE CORPORATION $135,000 $250,000 85.2% 0.1%
    MEMBERS COOPERATIVE $85,000 $235,000 176.5% 0.1%
    Peoples Bank $235,000 n/a 0.1%
    Bank of America $25,000 $230,000 820.0% 0.1%
    Figure Lending LLC $315,000 $225,000 -28.6% 0.1%
    MOVEMENT MORTGAGE, LLC $225,000 n/a 0.1%
    United Valley Bank $225,000 n/a 0.1%
    JPMorgan Chase Bank $220,000 n/a 0.1%
    Baxter Credit Union $205,000 n/a 0.1%
    Connexus Credit Union $205,000 n/a 0.1%
    Truist $205,000 n/a 0.1%
    PREMIER LENDING, INC. $190,000 n/a 0.1%
    867 $185,000 n/a 0.1%
    Residential Mortgage Solutions, Inc. $185,000 n/a 0.1%
    First Bank $165,000 n/a 0.1%
    CANOPY MORTGAGE, LLC $155,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $145,000 n/a 0.1%
    First State Bank $555,000 $145,000 -73.9% 0.1%
    COMPEER FINANCIAL, FLCA $345,000 $135,000 -60.9% 0.0%
    Royal Credit Union $930,000 $130,000 -86.0% 0.0%
    21ST MORTGAGE CORPORATION $125,000 n/a 0.0%
    CHURCHILL MORTGAGE CORPORATION $355,000 $125,000 -64.8% 0.0%
    Dakota Community Bank & Trust $115,000 n/a 0.0%
    Think Mutual Bank $105,000 n/a 0.0%
    IDEAL $90,000 n/a 0.0%
    Coastal Community Bank $105,000 $80,000 -23.8% 0.0%
    Dacotah Bank $65,000 n/a 0.0%
    Heartland Credit Union $65,000 n/a 0.0%
    Northwest Bank $65,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $145,000 $55,000 -62.1% 0.0%
    Highland Bank $45,000 n/a 0.0%
    SPRING EQ, LLC $45,000 n/a 0.0%
    GREAT RIVER FEDERAL CREDIT UNION $25,000 n/a 0.0%

    Fergus Falls's top lender by overall market share is Gate City Bank, with 10.0% market share. In second place, with 10.0%, is Bell Bank, having originated $27,040,000 in loans. In third place, with 8.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $23,005,000 in loans. In fourth place, with 5.7%, is Bremer Bank, having originated $15,490,000 in loans. In fifth place, with 4.6%, is QUICKEN LOANS, LLC, having originated $12,335,000 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 $216,642 (8.4%) $342,295 (19.1%) 0.00 261
    2018-02-01 $218,900 (11.0%) $350,889 (23.8%) 0.00 268
    2018-03-01 $227,000 (3.7%) $364,960 (22.8%) 0.00 287
    2018-04-01 $241,000 (0.5%) $361,572 (13.4%) 0.00 355
    2018-05-01 $243,625 (-0.7%) $351,913 (9.0%) 0.00 421
    2018-06-01 $254,950 (6.3%) $348,306 (9.1%) 0.00 476
    2018-07-01 $259,225 (12.7%) $335,418 (7.2%) 0.00 472
    2018-08-01 $261,750 (16.4%) $335,087 (7.9%) 0.00 461
    2018-09-01 $249,900 (11.1%) $323,237 (3.9%) 0.00 467
    2018-10-01 $249,450 (14.2%) $316,549 (2.6%) 0.00 433
    2018-11-01 $248,225 (15.3%) $316,130 (-1.3%) 0.00 352
    2018-12-01 $241,900 (11.9%) $309,270 (-6.6%) 0.00 292
    2019-01-01 $229,900 (6.1%) $281,050 (-17.9%) 0.00 222
    2019-02-01 $239,900 (9.6%) $303,604 (-13.5%) 0.00 216
    2019-03-01 $254,707 (12.2%) $321,792 (-11.8%) 0.00 243
    2019-04-01 $271,257 (12.6%) $340,541 (-5.8%) 0.00 276
    2019-05-01 $263,700 (8.2%) $343,469 (-2.4%) 0.00 357
    2019-06-01 $249,900 (-2.0%) $333,637 (-4.2%) 0.00 395
    2019-07-01 $260,100 (0.3%) $338,624 (1.0%) 0.00 385
    2019-08-01 $258,155 (-1.4%) $331,780 (-1.0%) 0.00 371
    2019-09-01 $253,511 (1.5%) $322,139 (-0.3%) 0.00 358
    2019-10-01 $249,900 (0.2%) $317,830 (0.4%) 0.00 336
    2019-11-01 $242,400 (-2.4%) $315,512 (-0.2%) 0.00 275
    2019-12-01 $241,288 (-0.3%) $297,418 (-3.8%) 0.00 212
    2020-01-01 $228,625 (-0.6%) $280,719 (-0.1%) 0.00 171
    2020-02-01 $228,500 (-4.8%) $277,844 (-8.5%) 0.00 182
    2020-03-01 $237,450 (-6.8%) $301,270 (-6.4%) 0.00 233
    2020-04-01 $238,675 (-12.0%) $300,698 (-11.7%) 0.00 254
    2020-05-01 $269,900 (2.4%) $336,799 (-1.9%) 0.00 277
    2020-06-01 $269,900 (8.0%) $336,549 (0.9%) 0.00 273
    2020-07-01 $269,925 (3.8%) $349,155 (3.1%) 0.00 267
    2020-08-01 $269,900 (4.6%) $342,442 (3.2%) 0.00 249
    2020-09-01 $271,175 (7.0%) $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 (-3.3%) $322,123 (2.1%) 0.00 185
    2020-12-01 $249,000 (3.2%) $337,712 (13.6%) 0.00 150
    2021-01-01 $247,000 (8.0%) $352,492 (25.6%) 0.00 107
    2021-02-01 $236,975 (3.7%) $368,031 (32.5%) 0.00 89
    2021-03-01 $247,975 (4.4%) $386,663 (28.3%) 0.00 99
    2021-04-01 $272,400 (14.1%) $424,428 (41.2%) 0.00 105
    2021-05-01 $269,900 (0.0%) $404,107 (20.0%) 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 (11.5%) 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 (24.8%) $431,912 (1.8%) 0.00 90
    2022-05-01 $327,500 (21.3%) $430,649 (6.6%) 0.00 126
    2022-06-01 $313,500 (22.1%) $433,506 (12.3%) 0.00 174
    2022-07-01 $329,900 (10.0%) $443,519 (6.5%) 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 (27.3%) $520,197 (20.0%) 0.00 166
    2023-07-01 $399,500 (21.1%) $498,061 (12.3%) 0.00 203
    2023-08-01 $400,000 (14.3%) $490,006 (9.4%) 0.00 223
    2023-09-01 $389,900 (11.4%) $465,102 (7.1%) 0.00 229
    2023-10-01 $373,350 (11.5%) $458,529 (10.5%) 0.00 220
    2023-11-01 $358,450 (3.2%) $442,476 (3.0%) 0.00 202
    2023-12-01 $349,950 (-2.6%) $437,221 (-1.4%) 0.00 181
    2024-01-01 $340,000 (-4.7%) $428,940 (1.1%) 0.00 143
    2024-02-01 $343,875 (1.7%) $442,405 (3.3%) 0.00 123
    2024-03-01 $389,000 (4.4%) $472,225 (1.4%) 0.00 157
    2024-04-01 $399,900 (0.2%) $482,055 (-9.0%) 0.00 178
    2024-05-01 $399,900 (0.1%) $475,481 (-10.5%) 0.00 228
    2024-06-01 $419,900 (5.2%) $515,842 (-0.8%) 0.00 244
    2024-07-01 $419,975 (5.1%) $572,527 (15.0%) 0.00 239
    2024-08-01 $399,900 (0.0%) $550,356 (12.3%) 0.00 248
    2024-09-01 $387,950 (-0.5%) $550,229 (18.3%) 0.00 260
    2024-10-01 $371,950 (-0.4%) $536,900 (17.1%) 0.00 246
    2024-11-01 $360,000 (0.4%) $521,636 (17.9%) 0.00 220
    2024-12-01 $359,725 (2.8%) $535,050 (22.4%) 0.00 175
    2025-01-01 $358,225 (5.4%) $552,547 (28.8%) 0.00 152
    2025-02-01 $364,750 (6.1%) $582,627 (31.7%) 0.00 150
    2025-03-01 $385,000 (-1.0%) $585,477 (24.0%) 0.00 167
    Fergus Falls's median listing price for 2025-03-01 was $385,000, a difference of $-4,000 (-1.0%) versus the prior year and $20,250 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 2025-03-01 was $585,477, a difference of $113,252 (24.0%) versus the prior year and $2,850 versus the prior month.

    For the 2025-03-01 period, Fergus Falls had 167 MLS listings, a difference of 17 listings (11%) versus the prior month and 10 listings (6%) 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 1,805 sqft
    2018-04-01 0 days 1,860 sqft
    2018-05-01 0 days 1,857 sqft
    2018-06-01 0 days 1,911 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 2,018 sqft
    2018-11-01 0 days 2,060 sqft
    2018-12-01 0 days 2,008 sqft
    2019-01-01 0 days 1,982 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 1,872 sqft
    2019-07-01 0 days 1,926 sqft
    2019-08-01 0 days 1,906 sqft
    2019-09-01 0 days 1,890 sqft
    2019-10-01 0 days 1,880 sqft
    2019-11-01 0 days 1,872 sqft
    2019-12-01 0 days 1,859 sqft
    2020-01-01 0 days 1,764 sqft
    2020-02-01 0 days 1,812 sqft
    2020-03-01 0 days 1,791 sqft
    2020-04-01 0 days 1,776 sqft
    2020-05-01 0 days 1,900 sqft
    2020-06-01 0 days 1,917 sqft
    2020-07-01 0 days 2,000 sqft
    2020-08-01 0 days 1,919 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 1,889 sqft
    2021-05-01 0 days 1,924 sqft
    2021-06-01 0 days 1,767 sqft
    2021-07-01 0 days 1,934 sqft
    2021-08-01 0 days 1,986 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 2,037 sqft
    2022-07-01 0 days 1,900 sqft
    2022-08-01 0 days 1,883 sqft
    2022-09-01 0 days 1,717 sqft
    2022-10-01 0 days 1,770 sqft
    2022-11-01 0 days 1,818 sqft
    2022-12-01 0 days 1,877 sqft
    2023-01-01 0 days 1,875 sqft
    2023-02-01 0 days 1,882 sqft
    2023-03-01 0 days 1,901 sqft
    2023-04-01 0 days 1,936 sqft
    2023-05-01 0 days 1,964 sqft
    2023-06-01 0 days 2,016 sqft
    2023-07-01 0 days 1,902 sqft
    2023-08-01 0 days 1,976 sqft
    2023-09-01 0 days 1,984 sqft
    2023-10-01 0 days 1,980 sqft
    2023-11-01 0 days 1,937 sqft
    2023-12-01 0 days 1,908 sqft
    2024-01-01 0 days 1,905 sqft
    2024-02-01 0 days 1,924 sqft
    2024-03-01 0 days 1,832 sqft
    2024-04-01 0 days 1,831 sqft
    2024-05-01 0 days 1,875 sqft
    2024-06-01 0 days 1,872 sqft
    2024-07-01 0 days 1,854 sqft
    2024-08-01 0 days 1,894 sqft
    2024-09-01 0 days 1,815 sqft
    2024-10-01 0 days 1,836 sqft
    2024-11-01 0 days 1,892 sqft
    2024-12-01 0 days 1,944 sqft
    2025-01-01 0 days 1,971 sqft
    2025-02-01 0 days 1,975 sqft
    2025-03-01 0 days 1,936 sqft
    Fergus Falls's median listing age (time on market) for 2025-03-01 was 0 days.

    Fergus Falls's median square footage for active listings during the 2025-03-01 period was 1,936 sqft. One year prior, the average listing was 1,832 sqft.

    Fergus Falls, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 652 $174,890,000 $268,236
    Refi 153 $40,455,000 $264,412
    Cash Out Refi 135 $31,845,000 $235,889
    Home Improvement 130 $11,690,000 $89,923
    Other 119 $11,505,000 $96,681

    Fergus Falls's most frequently cited loan purpose was Home Purchase, with 652 originations. The 2nd most popular reason was Refi, with 153 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 426 $106,490,000 $249,977
    7-8% 274 $62,470,000 $227,993
    Over 8% 210 $26,290,000 $125,190
    5-6% 137 $34,395,000 $251,058
    <2.5% 22 $390,000 $17,727
    4-5% 8 $3,070,000 $383,750

    During 2024, Fergus Falls's most frequently originated rate bucket was 6-7%, with 426 originations.

    Loan Sizing (Fergus Falls, MN MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 358 $100,240,000 $280,000
    $100k-200k 350 $51,720,000 $147,771
    $100,000 or less 324 $15,810,000 $48,796
    $400k-600k 104 $49,660,000 $477,500
    $600k-1000k 39 $28,165,000 $722,179
    $Over $1MM 14 $24,790,000 $1,770,714

    Fergus Falls's loan sizing saw the bucket of loans from $200k-400k with 358 originations, totaling $100,240,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 388 $104,110,000 $268,325
    60-80% 224 $69,860,000 $311,875
    Under 20% 186 $8,480,000 $45,591
    20-40% 170 $22,230,000 $130,765
    40-60% 97 $24,845,000 $256,134
    Over 100% 6 $1,590,000 $265,000

    Fergus Falls's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 388 originations, totaling $104,110,000 in origination value.