Fergus Falls Mortgage Rates

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

30 Year Fixed Rate mortgages in Fergus Falls averaged 5.59% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.8% and one month ago for the week of 2022-05-26, the average rate was 4.89%.

Fergus Falls's average rate one year ago was 2.97%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.77%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Fergus Falls 30 Year Fixed Rate 2022-06-30 5.59%
Fergus Falls 30 Year Fixed Rate Refi 2022-06-30 5.77%
Fergus Falls 15 Year Fixed Rate 2022-06-30 4.74%
Fergus Falls 15 Year Fixed Rate Refi 2022-06-30 4.73%
Fergus Falls 30 Year FHA 2022-06-30 5.67%
Fergus Falls 30 Year FHA Refi 2022-06-30 5.82%
Fergus Falls 30 Year USDA 2022-06-30 5.32%
Fergus Falls 30 Year USDA Refi 2022-06-30 5.89%
Fergus Falls 30 Year VA 2022-06-30 5.53%
Fergus Falls 30 Year VA Refi 2022-06-30 5.08%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Merchants Bank 145 2.98% $3,893
Gate City Bank 124 2.80% $4,661
Bell Bank 112 3.02% $3,039
UNITED WHOLESALE MORTGAGE, LLC 100 2.91% $4,752
Bremer Bank 68 3.06% $4,895
Tradition Mortgage, LLC 64 3.05% $3,369
QUICKEN LOANS, LLC 58 3.06% $4,732
Wells Fargo Bank 48 2.97% $4,173
CENTRAL MINNESOTA Credit Union 31 3.17% $2,856
U.S. Bank 24 3.04% $3,448
Plains Commerce Bank 22 2.90% $4,264
AFFINITY PLUS 22 3.06% $3,290
First International Bank & Trust 18 3.13% $3,528
CALIBER HOME LOANS, INC. 17 3.10% $5,200
TOWN AND COUNTRY Credit Union 15 2.85% $4,749
LOANDEPOT.COM, LLC 14 3.04% $4,485
First Western Bank & Trust 13 2.78% $4,254
CRESCENT MORTGAGE COMPANY 13 3.06% $3,728
VALLEY MORTGAGE, INC. 10 2.81% $3,939
Flagstar Bank, FSB 10 2.97% $4,005
FIRST COMMUNITY CREDIT UNION 9 2.82% $5,672
Alerus Financial 9 2.76% $4,352
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 9 3.05% $4,778
PENNYMAC LOAN SERVICES, LLC 9 3.27% $4,117
PRIMARY RESIDENTIAL MORTGAGE, INC. 9 3.07% $4,757
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.36% $5,124
HOMEOWNERS FINANCIAL GROUP USA, LLC 7 3.13% $3,789
Choice Financial Group 7 2.86% $4,640
BROKER SOLUTIONS, INC. 6 3.43% $3,986
Western State Bank 6 2.88% $3,149
AMERISAVE MORTGAGE CORPORATION 5 2.80% $4,820
Mr. Cooper ( Nationstar Mortgage ) 5 3.23% $4,589
HOME POINT FINANCIAL CORPORATION 4 2.97% $2,954
American Mortgage & Equity Consultants, Inc. 4 2.84% $2,461
Bank of the West 4 3.00% $2,690
CAPITAL CREDIT UNION 4 3.25% $4,479
LEADERONE FINANCIAL CORPORATION 4 2.75% $4,444
NEWREZ LLC 4 3.25% $3,764
PLAZA HOME MORTGAGE, INC. 4 3.09% $4,127
JPMorgan Chase Bank 3 2.91% $2,681
WINGS FINANCIAL 3 2.79% $3,606
Summit Mortgage Corporation 3 3.04% $5,350
Citizens Bank 3 2.96% $2,705
Mortgages Unlimited Inc. 3 2.92% $4,890
First Savings Bank 3 3.00% $4,397
Servion, Inc. 2 2.75% $2,409
FREEDOM MORTGAGE CORPORATION 2 3.69% $2,800
Watermark Capital, Inc. 2 2.81% $2,438
CORTRUST MORTGAGE, INC. 2 2.69% $3,846
Goldwater Bank, N.A. 2 2.94% $4,973
AMERICAN FINANCING CORPORATION 2 2.81% $4,621
CROSSCOUNTRY MORTGAGE, LLC 2 2.94% $5,128
MILEND, INC. 2 3.31% $6,448
NAVY FEDERAL CREDIT UNION 2 3.81% $2,346
FINANCE OF AMERICA MORTGAGE LLC 2 4.19% $6,584
Barrington Bank & Trust Company, N.A. 2 3.00% $3,022
Bank Forward 2 3.19% $5,550
Associated Bank 2 3.50% $2,194
COMPEER FINANCIAL, FLCA 2 3.56% $2,774
Carrington Mortgage Services, LLC 1 3.00% $4,895
MICHIGAN MUTUAL, INC. 1 3.38% $2,570
Mortgage Research Center, LLC 1 2.99% $1,860
MOVEMENT MORTGAGE, LLC 1 2.25% $0
CANOPY MORTGAGE, LLC 1 2.99% $5,252
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $3,511
Nations Lending Corporation 1 3.13% $4,997
NBKC BANK 1 2.63% $2,679
WNB Financial, N.A. 1 2.88% $2,713
Northview Bank 1 3.13% $4,087
Old National Bank 1 3.00% $3,298
ONY GLO, INC. 1 2.50% $3,595
PARKSIDE LENDING, LLC 1 3.13% $3,785
BMO Harris Bank 1 2.88% $3,058
PHH Mortgage Corporation 1 4.25% $2,399
Wyndham Capital Mortgage, Inc. 1 3.00% $3,947
POLARIS HOME FUNDING CORP. 1 3.50% $4,782
Bank of England 1 3.38% $4,241
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.99% $3,367
Prosperity Home Mortgage, LLC 1 3.25% $5,193
PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.75% $3,759
Bank of America 1 3.00% $2,809
RELIANCE FIRST CAPITAL, LLC 1 4.13% $14,474
Roundbank 1 2.88% $7,195
ROYAL UNITED MORTGAGE LLC 1 3.75% $4,999
Starion Bank 1 3.00% $4,030
Stifel Bank and Trust 1 2.88% $2,231
THRIVENT Federal Credit Union 1 3.25% $4,568
TOPLINE FEDERAL CREDIT UNION 1 3.25% $3,124
TOTAL MORTGAGE SERVICES, LLC 1 3.00% $562
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 2.75% $4,067
AmeriHome Mortgage Company, LLC 1 3.38% $1,874
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 3.50% $4,300
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.50% $3,123
Waterstone Mortgage Corporation 1 3.00% $9,067
American National Bank 1 3.63% $2,714
Dacotah Bank 1 3.00% $6,858
Deerwood Bank 1 3.00% $4,012
Dakota Community Bank & Trust 1 3.13% $6,649
EVERETT FINANCIAL, INC. 1 3.00% $2,131
First Bank & Trust 1 2.88% $5,852
Cornerstone National Bank & Trust Company 1 3.13% $2,816
First National Bank 1 2.88% $3,384
COMPASS MORTGAGE, INC. 1 2.75% $2,419
Citizens Community Federal 1 2.88% $2,804
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.25% $5,064
Great Western Bank 1 2.88% $2,670
HANCOCK MORTGAGE PARTNERS, LLC 1 3.88% $3,684
Heritage Bank 1 3.38% $5,167
CHERRY CREEK MORTGAGE, LLC 1 2.75% $319
CHARTER WEST BANK 1 3.13% $2,704
HOMESIDE FINANCIAL, LLC 1 2.63% $3,513
HOMESTEAD FUNDING CORP. 1 2.75% $4,915
INLANTA MORTGAGE, INC. 1 3.13% $2,829
Ixonia Bank 1 2.63% $2,286
Lend Smart Mortgage, LLC 1 3.13% $2,372
Cf Bank 1 2.88% $1,765
LOANFLIGHT LENDING, LLC 1 2.49% $1,271

Fergus Falls, MN's 117 lenders originated 2,733 loans during 2021. The total origination value was $587,745,000, with an average loan value of $215,055.

The top Fergus Falls lender as defined by loan originations is Merchants Bank, with 145 loans originated. Their average total fees are $3,893, which is $769 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 ($2,856), Bell Bank ($3,039), AFFINITY PLUS ($3,290), Tradition Mortgage, LLC ($3,369) and U.S. Bank ($3,448).

The lowest rate Fergus Falls lenders (with over 10 loans originated) are First Western Bank & Trust (2.78%), Gate City Bank (2.80%), VALLEY MORTGAGE, INC. (2.81%), TOWN AND COUNTRY Credit Union (2.85%) and Plains Commerce Bank (2.90%).

Fergus Falls, MN Lender 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
Bell Bank $66,590,000 $57,900,000 -13.1% 9.9%
Gate City Bank $53,755,000 $55,735,000 3.7% 9.5%
Merchants Bank $75,285,000 $53,310,000 -29.2% 9.1%
UNITED WHOLESALE MORTGAGE, LLC $35,745,000 $37,675,000 5.4% 6.4%
Bremer Bank $67,990,000 $35,660,000 -47.6% 6.1%
Wells Fargo Bank $20,010,000 $27,125,000 35.6% 4.6%
QUICKEN LOANS, LLC $27,790,000 $25,630,000 -7.8% 4.4%
Tradition Mortgage, LLC $21,320,000 $19,690,000 -7.6% 3.4%
American Federal Bank $21,035,000 $15,415,000 -26.7% 2.6%
U.S. Bank $18,820,000 $13,815,000 -26.6% 2.4%
Midwest Bank $11,855,000 $12,560,000 5.9% 2.1%
FREEDOM MORTGAGE CORPORATION $10,755,000 $10,965,000 2.0% 1.9%
CENTRAL MINNESOTA Credit Union $9,895,000 $10,520,000 6.3% 1.8%
First International Bank & Trust $16,215,000 $9,920,000 -38.8% 1.7%
AFFINITY PLUS $11,195,000 $9,645,000 -13.8% 1.6%
Plains Commerce Bank $13,750,000 $9,345,000 -32.0% 1.6%
CALIBER HOME LOANS, INC. $5,960,000 $8,880,000 49.0% 1.5%
TOWN AND COUNTRY Credit Union $8,045,000 $5,945,000 -26.1% 1.0%
LOANDEPOT.COM, LLC $4,405,000 $5,770,000 31.0% 1.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $8,155,000 $5,490,000 -32.7% 0.9%
Mortgage Research Center, LLC $3,570,000 $5,375,000 50.6% 0.9%
CAPITAL CREDIT UNION $6,155,000 $5,300,000 -13.9% 0.9%
First Western Bank & Trust $415,000 $5,290,000 1,174.7% 0.9%
PENNYMAC LOAN SERVICES, LLC $3,395,000 $4,930,000 45.2% 0.8%
Alerus Financial $6,855,000 $4,925,000 -28.2% 0.8%
Choice Financial Group $2,685,000 $4,835,000 80.1% 0.8%
CRESCENT MORTGAGE COMPANY $1,845,000 $4,555,000 146.9% 0.8%
VALLEY MORTGAGE, INC. $4,225,000 $4,530,000 7.2% 0.8%
American National Bank of Minnesota $5,285,000 $4,285,000 -18.9% 0.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,625,000 $4,245,000 161.2% 0.7%
FIRST COMMUNITY CREDIT UNION $4,670,000 $3,725,000 -20.2% 0.6%
VISIONBank $535,000 $3,655,000 583.2% 0.6%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,170,000 $3,635,000 67.5% 0.6%
Flagstar Bank, FSB $4,365,000 $3,465,000 -20.6% 0.6%
BROKER SOLUTIONS, INC. $3,675,000 $3,095,000 -15.8% 0.5%
Bank of the West $5,400,000 $2,910,000 -46.1% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $2,630,000 $2,810,000 6.8% 0.5%
CROSSCOUNTRY MORTGAGE, LLC $755,000 $2,690,000 256.3% 0.5%
NEWREZ LLC $750,000 $2,565,000 242.0% 0.4%
HOMEOWNERS FINANCIAL GROUP USA, LLC $6,740,000 $2,530,000 -62.5% 0.4%
Western State Bank $5,305,000 $2,525,000 -52.4% 0.4%
AMERISAVE MORTGAGE CORPORATION $1,855,000 $2,420,000 30.5% 0.4%
AgCountry Farm Credit Services, FLCA $1,280,000 $2,105,000 64.5% 0.4%
American Mortgage & Equity Consultants, Inc. $185,000 $2,085,000 1,027.0% 0.4%
LEADERONE FINANCIAL CORPORATION $6,325,000 $2,065,000 -67.4% 0.4%
JPMorgan Chase Bank $1,390,000 $1,650,000 18.7% 0.3%
HOME POINT FINANCIAL CORPORATION $1,850,000 $1,625,000 -12.2% 0.3%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,650,000 $1,495,000 -9.4% 0.3%
Union State Bank of Fargo $970,000 $1,495,000 54.1% 0.3%
Chicago Mortgage Solutions LLC $1,365,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $975,000 $1,325,000 35.9% 0.2%
First Resource Bank $1,290,000 n/a 0.2%
NAVY FEDERAL CREDIT UNION $145,000 $1,285,000 786.2% 0.2%
The Federal Savings Bank $2,485,000 $1,275,000 -48.7% 0.2%
Frandsen Bank & Trust $875,000 $1,255,000 43.4% 0.2%
USAA Federal Savings Bank $2,150,000 $1,170,000 -45.6% 0.2%
First Savings Bank $1,220,000 $1,140,000 -6.6% 0.2%
Servion, Inc. $1,865,000 $1,090,000 -41.6% 0.2%
Starion Bank $1,785,000 $1,040,000 -41.7% 0.2%
THRIVENT Federal Credit Union $605,000 $1,030,000 70.2% 0.2%
Cambria Financial Group, LLC $205,000 $1,010,000 392.7% 0.2%
LAKEVIEW LOAN SERVICING, LLC $790,000 $1,010,000 27.8% 0.2%
Barrington Bank & Trust Company, N.A. $615,000 $935,000 52.0% 0.2%
First Bank & Trust $305,000 $855,000 180.3% 0.1%
Summit Mortgage Corporation $980,000 $830,000 -15.3% 0.1%
WINGS FINANCIAL $10,095,000 $800,000 -92.1% 0.1%
Bank Forward $1,650,000 $790,000 -52.1% 0.1%
KELLER MORTGAGE, LLC $1,490,000 $770,000 -48.3% 0.1%
BMO Harris Bank $735,000 n/a 0.1%
Citizens Bank $215,000 $720,000 234.9% 0.1%
MILEND, INC. $295,000 $705,000 139.0% 0.1%
COMPEER FINANCIAL, FLCA $985,000 $685,000 -30.5% 0.1%
Associated Bank $175,000 $655,000 274.3% 0.1%
First State Bank and Trust $635,000 n/a 0.1%
Prosperity Home Mortgage, LLC $1,270,000 $610,000 -52.0% 0.1%
CORTRUST MORTGAGE, INC. $515,000 $605,000 17.5% 0.1%
BETTER MORTGAGE CORPORATION $600,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $580,000 n/a 0.1%
Mortgages Unlimited Inc. $390,000 $565,000 44.9% 0.1%
Carrington Mortgage Services, LLC $515,000 $560,000 8.7% 0.1%
Community Savings Bank $550,000 n/a 0.1%
HOMESIDE FINANCIAL, LLC $200,000 $550,000 175.0% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $545,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $1,965,000 $545,000 -72.3% 0.1%
Cf Bank $545,000 n/a 0.1%
Lake Area Bank $1,310,000 $545,000 -58.4% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $545,000 n/a 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $545,000 n/a 0.1%
HIWAY $1,180,000 $535,000 -54.7% 0.1%
AMERICAN FINANCING CORPORATION $920,000 $510,000 -44.6% 0.1%
RESULTS MORTGAGE, LLC $165,000 $485,000 193.9% 0.1%
RiverWood Bank $540,000 $485,000 -10.2% 0.1%
Deerwood Bank $530,000 $475,000 -10.4% 0.1%
Waterstone Mortgage Corporation $245,000 $465,000 89.8% 0.1%
Bank of America $185,000 $450,000 143.2% 0.1%
Bank of England $225,000 $450,000 100.0% 0.1%
CANOPY MORTGAGE, LLC $445,000 n/a 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $445,000 n/a 0.1%
Roundbank $515,000 $445,000 -13.6% 0.1%
HOMESTEAD FUNDING CORP. $435,000 n/a 0.1%
RELIANCE FIRST CAPITAL, LLC $435,000 n/a 0.1%
First National Bank $425,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $415,000 n/a 0.1%
ONY GLO, INC. $415,000 n/a 0.1%
Goldwater Bank, N.A. $455,000 $410,000 -9.9% 0.1%
Dakota Community Bank & Trust $475,000 $405,000 -14.7% 0.1%
Heritage Bank $560,000 $405,000 -27.7% 0.1%
Lend Smart Mortgage, LLC $155,000 $405,000 161.3% 0.1%
Dacotah Bank $830,000 $395,000 -52.4% 0.1%
OPEN MORTGAGE, LLC $145,000 $395,000 172.4% 0.1%
BNC National Bank $385,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $265,000 $380,000 43.4% 0.1%
MOVEMENT MORTGAGE, LLC $380,000 n/a 0.1%
North American Savings Bank, F.S.B. $380,000 n/a 0.1%
NBKC BANK $550,000 $375,000 -31.8% 0.1%
Ixonia Bank $365,000 n/a 0.1%
CHERRY CREEK MORTGAGE, LLC $395,000 $355,000 -10.1% 0.1%
The Central Trust Bank $355,000 n/a 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $320,000 $350,000 9.4% 0.1%
NEW DAY FINANCIAL, LLC $600,000 $350,000 -41.7% 0.1%
Deere Employees Credit Union $360,000 $340,000 -5.6% 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $145,000 $340,000 134.5% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $340,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $335,000 n/a 0.1%
INLANTA MORTGAGE, INC. $335,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $325,000 n/a 0.1%
PLANET HOME LENDING, LLC $325,000 n/a 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $320,000 n/a 0.1%
Unison Bank $155,000 $315,000 103.2% 0.1%
Citizens Community Federal $195,000 $310,000 59.0% 0.1%
Great Western Bank $2,240,000 $305,000 -86.4% 0.1%
Watermark Capital, Inc. $425,000 $300,000 -29.4% 0.1%
ARC HOME LLC $295,000 n/a 0.1%
Old National Bank $320,000 $295,000 -7.8% 0.1%
LAND HOME FINANCIAL SERVICES, INC. $460,000 $285,000 -38.0% 0.0%
Cornerstone National Bank & Trust Company $275,000 n/a 0.0%
TIAA, FSB $395,000 $275,000 -30.4% 0.0%
GUARANTEED RATE, INC. $615,000 $270,000 -56.1% 0.0%
TOP FLITE FINANCIAL, INC. $260,000 n/a 0.0%
CASTLE & COOKE MORTGAGE, LLC $255,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $285,000 $255,000 -10.5% 0.0%
Cornerstone Bank $1,845,000 $235,000 -87.3% 0.0%
LOANFLIGHT LENDING, LLC $235,000 n/a 0.0%
Sherburne State Bank $235,000 n/a 0.0%
Stifel Bank and Trust $375,000 $235,000 -37.3% 0.0%
INTERCAP LENDING INC. $225,000 n/a 0.0%
IOWA BANKERS MORTGAGE CORPORATION $225,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $340,000 $225,000 -33.8% 0.0%
AMERICAN ADVISORS GROUP $595,000 $220,000 -63.0% 0.0%
HANCOCK MORTGAGE PARTNERS, LLC $205,000 $220,000 7.3% 0.0%
COMPASS MORTGAGE, INC. $215,000 n/a 0.0%
EVERETT FINANCIAL, INC. $1,480,000 $215,000 -85.5% 0.0%
Manufacturers and Traders Trust Company $215,000 n/a 0.0%
Northview Bank $940,000 $215,000 -77.1% 0.0%
BAY EQUITY LLC $930,000 $205,000 -78.0% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $205,000 n/a 0.0%
PARKSIDE LENDING, LLC $1,105,000 $205,000 -81.4% 0.0%
Peoples Bank $205,000 n/a 0.0%
First Home Bank $195,000 n/a 0.0%
Northwest Bank $365,000 $195,000 -46.6% 0.0%
St. Paul Federal Credit Union $275,000 $195,000 -29.1% 0.0%
First Federal Bank $410,000 $185,000 -54.9% 0.0%
American Bank & Trust $205,000 $175,000 -14.6% 0.0%
CHARTER WEST BANK $165,000 n/a 0.0%
American National Bank $155,000 n/a 0.0%
InterContinental Capital Group, Inc $155,000 n/a 0.0%
STEARNS LENDING, LLC $690,000 $155,000 -77.5% 0.0%
Liberty Bank Minnesota $545,000 $145,000 -73.4% 0.0%
PHH Mortgage Corporation $405,000 $145,000 -64.2% 0.0%
AMCAP MORTGAGE, LTD. $135,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $135,000 $135,000 0.0% 0.0%
POLARIS HOME FUNDING CORP. $215,000 $135,000 -37.2% 0.0%
TRIAD FINANCIAL SERVICES, INC. $135,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $820,000 $135,000 -83.5% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $165,000 $125,000 -24.2% 0.0%
SOUTHPOINT FINANCIAL $125,000 n/a 0.0%
Citibank $175,000 $115,000 -34.3% 0.0%
Citizens Bank Minnesota $115,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $165,000 $115,000 -30.3% 0.0%
TOPLINE FEDERAL CREDIT UNION $305,000 $115,000 -62.3% 0.0%
TOTAL MORTGAGE SERVICES, LLC $115,000 n/a 0.0%
MICHIGAN MUTUAL, INC. $105,000 n/a 0.0%
Nations Lending Corporation $135,000 $105,000 -22.2% 0.0%
FAY SERVICING, LLC $95,000 n/a 0.0%
WNB Financial, N.A. $85,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $490,000 $75,000 -84.7% 0.0%
American Bank of the North $1,145,000 $65,000 -94.3% 0.0%
Figure Lending LLC $35,000 $65,000 85.7% 0.0%
21ST MORTGAGE CORPORATION $55,000 $55,000 0.0% 0.0%
Utah Power $55,000 n/a 0.0%
MINNCO CREDIT UNION $45,000 n/a 0.0%
American Heritage National Bank $35,000 n/a 0.0%

Fergus Falls's top lender by overall market share is Bell Bank, with 9.9% market share. In second place, with 9.5%, is Gate City Bank, having originated $55,735,000 in loans. In third place, with 9.1%, is Merchants Bank, having originated $53,310,000 in loans. In third place, with 6.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $37,675,000 in loans. In third place, with 6.1%, is Bremer Bank, having originated $35,660,000 in loans.


Fergus Falls, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 958 $201,170,000 $209,990
Home Purchase 923 $227,155,000 $246,105
Cash Out Refi 643 $138,475,000 $215,358
Other 118 $13,830,000 $117,203
Home Improvement 91 $7,115,000 $78,187

Fergus Falls's most frequently cited loan purpose was Refi, with 958 originations. The 2nd most popular reason was Home Purchase, with 923 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,069 $256,445,000 $239,892
3-4% 749 $145,925,000 $194,826
<2.5% 622 $132,130,000 $212,428
4-5% 96 $10,380,000 $108,125
5-6% 14 $1,250,000 $89,286
6-7% 5 $275,000 $55,000
Over 8% 2 $120,000 $60,000
7-8% 1 $15,000 $15,000

During 2021, Fergus Falls's most frequently originated rate bucket was 2.5-3%, with 1,069 originations.

Loan Sizing (Fergus Falls, MN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,027 $151,975,000 $147,980
$200k-400k 944 $260,720,000 $276,186
$100,000 or less 499 $31,045,000 $62,214
$400k-600k 218 $103,920,000 $476,697
$600k-1000k 37 $26,515,000 $716,622
$Over $1MM 8 $13,570,000 $1,696,250

Fergus Falls's loan sizing saw the bucket of loans from $100k-200k with 1,027 originations, totaling $151,975,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 922 $235,600,000 $255,531
80-100% 732 $171,670,000 $234,522
40-60% 444 $89,380,000 $201,306
20-40% 245 $29,595,000 $120,796
Under 20% 152 $6,010,000 $39,539
Over 100% 7 $1,815,000 $259,286

Fergus Falls's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 922 originations, totaling $235,600,000 in origination value.


Market Conditions (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 $225,000 (4.0%) $348,064 (21.2%) 0.00 305
2018-02-01 $239,000 (12.5%) $361,618 (28.5%) 0.00 306
2018-03-01 $250,000 (8.7%) $359,149 (23.3%) 0.00 344
2018-04-01 $267,300 (7.0%) $359,737 (14.2%) 0.00 416
2018-05-01 $272,000 (8.8%) $351,047 (8.8%) 0.00 493
2018-06-01 $275,000 (10.0%) $354,748 (11.4%) 0.00 556
2018-07-01 $278,500 (13.7%) $343,903 (10.2%) 0.00 547
2018-08-01 $275,000 (14.6%) $335,357 (5.5%) 0.00 524
2018-09-01 $259,000 (10.3%) $318,591 (1.6%) 0.00 527
2018-10-01 $249,950 (8.7%) $308,549 (-2.3%) 0.00 498
2018-11-01 $249,900 (11.1%) $306,002 (-6.1%) 0.00 408
2018-12-01 $241,900 (7.5%) $299,721 (-11.4%) 0.00 326
2019-01-01 $229,900 (2.2%) $278,382 (-20.0%) 0.00 241
2019-02-01 $239,900 (0.4%) $289,572 (-19.9%) 0.00 238
2019-03-01 $254,943 (2.0%) $309,258 (-13.9%) 0.00 274
2019-04-01 $274,900 (2.8%) $334,007 (-7.2%) 0.00 317
2019-05-01 $269,900 (-0.8%) $331,423 (-5.6%) 0.00 414
2019-06-01 $249,900 (-9.1%) $325,183 (-8.3%) 0.00 463
2019-07-01 $264,450 (-5.0%) $330,178 (-4.0%) 0.00 460
2019-08-01 $257,800 (-6.3%) $323,864 (-3.4%) 0.00 452
2019-09-01 $252,500 (-2.5%) $315,245 (-1.1%) 0.00 435
2019-10-01 $249,900 (0.0%) $315,659 (2.3%) 0.00 403
2019-11-01 $259,000 (3.6%) $321,985 (5.2%) 0.00 321
2019-12-01 $259,450 (7.3%) $315,937 (5.4%) 0.00 253
2020-01-01 $256,950 (11.8%) $308,046 (10.7%) 0.00 211
2020-02-01 $249,900 (4.2%) $303,458 (4.8%) 0.00 218
2020-03-01 $249,900 (-2.0%) $313,785 (1.5%) 0.00 285
2020-04-01 $249,450 (-9.3%) $300,472 (-10.0%) 0.00 313
2020-05-01 $275,000 (1.9%) $339,797 (2.5%) 0.00 324
2020-06-01 $269,900 (8.0%) $336,284 (3.4%) 0.00 326
2020-07-01 $269,900 (2.1%) $354,003 (7.2%) 0.00 326
2020-08-01 $269,000 (4.3%) $344,161 (6.3%) 0.00 299
2020-09-01 $269,900 (6.9%) $358,605 (13.8%) 0.00 285
2020-10-01 $250,000 (0.0%) $344,363 (9.1%) 0.00 242
2020-11-01 $222,450 (-14.1%) $320,003 (-0.6%) 0.00 224
2020-12-01 $247,000 (-4.8%) $327,520 (3.7%) 0.00 179
2021-01-01 $245,000 (-4.7%) $330,322 (7.2%) 0.00 131
2021-02-01 $224,900 (-10.0%) $333,532 (9.9%) 0.00 119
2021-03-01 $247,000 (-1.2%) $366,726 (16.9%) 0.00 133
2021-04-01 $269,900 (8.2%) $394,364 (31.3%) 0.00 149
2021-05-01 $269,000 (-2.2%) $381,971 (12.4%) 0.00 137
2021-06-01 $259,500 (-3.9%) $375,464 (11.7%) 0.00 152
2021-07-01 $287,450 (6.5%) $405,514 (14.6%) 0.00 172
2021-08-01 $273,750 (1.8%) $388,169 (12.8%) 0.00 179
2021-09-01 $279,900 (3.7%) $378,735 (5.6%) 0.00 179
2021-10-01 $269,900 (8.0%) $389,749 (13.2%) 0.00 167
2021-11-01 $283,500 (27.4%) $407,761 (27.4%) 0.00 131
2021-12-01 $253,500 (2.6%) $366,571 (11.9%) 0.00 114
2022-01-01 $260,900 (6.5%) $380,013 (15.0%) 0.00 94
2022-02-01 $319,900 (42.2%) $400,873 (20.2%) 0.00 109
2022-03-01 $339,950 (37.6%) $419,247 (14.3%) 0.00 92
2022-04-01 $335,000 (24.1%) $403,770 (2.4%) 0.00 114
2022-05-01 $325,000 (20.8%) $423,333 (10.8%) 0.00 151
2022-06-01 $329,950 (27.2%) $430,443 (14.6%) 0.00 275
Fergus Falls's median listing price for 2022-06-01 was $329,950, a difference of $70,450 (27.2%) versus the prior year and $4,950 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 2022-06-01 was $430,443, a difference of $54,979 (14.6%) versus the prior year and $7,110 versus the prior month.

For the 2022-06-01 period, Fergus Falls had 275 MLS listings, a difference of 124 listings (82%) versus the prior month and 123 listings (81%) 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 1,834 sqft
2018-02-01 0 days 1,805 sqft
2018-03-01 0 days 1,910 sqft
2018-04-01 0 days 1,963 sqft
2018-05-01 0 days 1,937 sqft
2018-06-01 0 days 1,926 sqft
2018-07-01 0 days 1,991 sqft
2018-08-01 0 days 2,000 sqft
2018-09-01 0 days 2,000 sqft
2018-10-01 0 days 2,000 sqft
2018-11-01 0 days 2,000 sqft
2018-12-01 0 days 1,936 sqft
2019-01-01 0 days 1,925 sqft
2019-02-01 0 days 2,078 sqft
2019-03-01 0 days 2,083 sqft
2019-04-01 0 days 2,049 sqft
2019-05-01 0 days 1,903 sqft
2019-06-01 0 days 1,860 sqft
2019-07-01 0 days 1,931 sqft
2019-08-01 0 days 1,878 sqft
2019-09-01 0 days 1,811 sqft
2019-10-01 0 days 1,878 sqft
2019-11-01 0 days 1,904 sqft
2019-12-01 0 days 1,850 sqft
2020-01-01 0 days 1,768 sqft
2020-02-01 0 days 1,800 sqft
2020-03-01 0 days 1,788 sqft
2020-04-01 0 days 1,756 sqft
2020-05-01 0 days 1,878 sqft
2020-06-01 0 days 1,880 sqft
2020-07-01 0 days 1,996 sqft
2020-08-01 0 days 1,934 sqft
2020-09-01 0 days 1,992 sqft
2020-10-01 0 days 1,776 sqft
2020-11-01 0 days 1,764 sqft
2020-12-01 0 days 1,776 sqft
2021-01-01 0 days 1,612 sqft
2021-02-01 0 days 1,800 sqft
2021-03-01 0 days 1,962 sqft
2021-04-01 0 days 1,934 sqft
2021-05-01 0 days 1,952 sqft
2021-06-01 0 days 1,929 sqft
2021-07-01 0 days 1,934 sqft
2021-08-01 0 days 1,993 sqft
2021-09-01 0 days 1,942 sqft
2021-10-01 0 days 2,014 sqft
2021-11-01 0 days 2,102 sqft
2021-12-01 0 days 2,044 sqft
2022-01-01 0 days 2,012 sqft
2022-02-01 0 days 2,093 sqft
2022-03-01 0 days 2,133 sqft
2022-04-01 0 days 1,944 sqft
2022-05-01 0 days 1,916 sqft
2022-06-01 0 days 1,964 sqft
Fergus Falls's median listing age (time on market) for 2022-06-01 was 0 days.

Fergus Falls's median square footage for active listings during the 2022-06-01 period was 1,964 sqft. One year prior, the average listing was 1,929 sqft.