Fort Dodge Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fort Dodge averaged
6.27%
for the week of 2024-10-24, compared to the national average of
6.54% for the same period.
The average rate for the prior week (2024-10-17) was
6.17% and
one month ago for the week of 2024-09-19, the
average rate was 5.82%.
Fort Dodge's average rate one year ago was 7.66%.
For refis of the same type during the week of 2024-10-24, the average rate
was 7.04%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-24 | 6.54% |
Fort Dodge 30 Year Fixed Rate | 2024-10-24 | 6.27% |
Fort Dodge 30 Year Fixed Rate Refi | 2024-10-24 | 7.04% |
Fort Dodge 15 Year Fixed Rate | 2024-10-24 | 5.71% |
Fort Dodge 15 Year Fixed Rate Refi | 2024-10-24 | 5.71% |
Fort Dodge 30 Year FHA | 2024-10-24 | 6.05% |
Fort Dodge 30 Year FHA Refi | 2024-10-24 | 6.45% |
Fort Dodge 30 Year USDA | 2024-10-24 | 6.39% |
Fort Dodge 30 Year USDA Refi | 2024-10-24 | 6.09% |
Fort Dodge 30 Year VA | 2024-10-24 | 6.34% |
Fort Dodge 30 Year VA Refi | 2024-10-24 | 6.34% |
Fort Dodge 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 Fort Dodge, IA 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.).
Fort Dodge Average Closing Costs & Other Stats
Fort Dodge, IA's 44 lenders originated 546
loans during 2023. The total origination value was $67,250,000, with an average loan value of
$123,168.
Fort Dodge's average closing costs are $3,034.
The top Fort Dodge lender as defined by loan originations is GREENSTATE CREDIT UNION, with
59 loans originated. Their average total fees are
$1,874, which is $1,450
lower than the next largest lender,
Northwest Bank.
The lowest fee Fort Dodge lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION ($1,874), IOWA BANKERS MORTGAGE CORPORATION ($2,496), Northwest Bank ($3,324), FRONTIER FINANCIAL, INC. ($3,436) and .
The lowest rate Fort Dodge lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION (6.39%), Northwest Bank (6.55%), IOWA BANKERS MORTGAGE CORPORATION (6.69%), FRONTIER FINANCIAL, INC. (6.76%) and .
Fort Dodge, IA 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 |
---|---|---|---|---|
GREENSTATE CREDIT UNION | $21,270,000 | $12,400,000 | -41.7% | 18.4% |
Northwest Bank | $18,845,000 | $11,695,000 | -37.9% | 17.4% |
FRONTIER FINANCIAL, INC. | $7,670,000 | $7,215,000 | -5.9% | 10.7% |
Availa Bank | $5,055,000 | $6,700,000 | 32.5% | 10.0% |
IOWA BANKERS MORTGAGE CORPORATION | $6,650,000 | $4,775,000 | -28.2% | 7.1% |
QUICKEN LOANS, LLC | $3,635,000 | $3,035,000 | -16.5% | 4.5% |
First Interstate Bank | $16,855,000 | $1,790,000 | -89.4% | 2.7% |
Wells Fargo Bank | $2,430,000 | $1,605,000 | -34.0% | 2.4% |
BROKER SOLUTIONS, INC. | $290,000 | $1,005,000 | 246.6% | 1.5% |
Farm Credit Mid-America, ACA | $820,000 | $975,000 | 18.9% | 1.4% |
United Bank of Iowa | $1,620,000 | $775,000 | -52.2% | 1.2% |
LAND HOME FINANCIAL SERVICES, INC. | $1,525,000 | $695,000 | -54.4% | 1.0% |
VERIDIAN CREDIT UNION | $540,000 | $600,000 | 11.1% | 0.9% |
HOMESERVICES LENDING, LLC | $580,000 | n/a | 0.9% | |
Servion, Inc. | $115,000 | $560,000 | 387.0% | 0.8% |
The Huntington National Bank | $535,000 | n/a | 0.8% | |
Community Choice Credit Union | $170,000 | $515,000 | 202.9% | 0.8% |
U.S. Bank | $1,920,000 | $510,000 | -73.4% | 0.8% |
GUILD MORTGAGE COMPANY | $505,000 | n/a | 0.8% | |
Bank Iowa | $120,000 | $495,000 | 312.5% | 0.7% |
FREEDOM MORTGAGE CORPORATION | $520,000 | $400,000 | -23.1% | 0.6% |
21ST MORTGAGE CORPORATION | $175,000 | $360,000 | 105.7% | 0.5% |
Mount Vernon Bank and Trust Company | $335,000 | n/a | 0.5% | |
Mortgage Research Center, LLC | $980,000 | $325,000 | -66.8% | 0.5% |
Bank of America | $45,000 | $305,000 | 577.8% | 0.5% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $295,000 | $305,000 | 3.4% | 0.5% |
Paramount Residential Mortgage Group, Inc. | $275,000 | n/a | 0.4% | |
MORTGAGE ACCESS CORP. | $560,000 | $265,000 | -52.7% | 0.4% |
FLAT BRANCH MORTGAGE, INC. | $250,000 | n/a | 0.4% | |
GUARANTEED RATE, INC. | $250,000 | n/a | 0.4% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $585,000 | $240,000 | -59.0% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $650,000 | $240,000 | -63.1% | 0.4% |
Green Belt Bank & Trust | $485,000 | $235,000 | -51.5% | 0.3% |
JPMorgan Chase Bank | $75,000 | $230,000 | 206.7% | 0.3% |
Ames National Corporation/Reliance State Bank | $225,000 | n/a | 0.3% | |
WINGS FINANCIAL | $215,000 | n/a | 0.3% | |
Marine Bank | $205,000 | n/a | 0.3% | |
First National Bank of Omaha | $195,000 | n/a | 0.3% | |
Fortress Bank | $230,000 | $195,000 | -15.2% | 0.3% |
UNITED WHOLESALE MORTGAGE, LLC | $365,000 | $195,000 | -46.6% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $265,000 | $190,000 | -28.3% | 0.3% |
Deere Employees Credit Union | $340,000 | $185,000 | -45.6% | 0.3% |
ENVOY MORTGAGE, LTD | $115,000 | $185,000 | 60.9% | 0.3% |
VisionBank of Iowa | $185,000 | n/a | 0.3% | |
First Savings Bank | $175,000 | n/a | 0.3% | |
Iowa State Bank | $175,000 | n/a | 0.3% | |
Adams Bank & Trust | $165,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $165,000 | n/a | 0.2% | |
First Bank | $1,210,000 | $160,000 | -86.8% | 0.2% |
Flanagan State Bank | $155,000 | n/a | 0.2% | |
Chickasaw Community Bank | $145,000 | n/a | 0.2% | |
Midwest Heritage Bank FSB | $175,000 | $145,000 | -17.1% | 0.2% |
NBKC BANK | $145,000 | n/a | 0.2% | |
HOMESIDE FINANCIAL, LLC | $330,000 | $135,000 | -59.1% | 0.2% |
Central Bank | $105,000 | $125,000 | 19.0% | 0.2% |
RESIDENTIAL MORTGAGE NETWORK, INC. | $125,000 | n/a | 0.2% | |
GERSHMAN INVESTMENT CORP. | $380,000 | $115,000 | -69.7% | 0.2% |
MARINE | $115,000 | n/a | 0.2% | |
Fidelity Bank & Trust | $105,000 | n/a | 0.2% | |
GNB Bank | $85,000 | n/a | 0.1% | |
LOANDEPOT.COM, LLC | $145,000 | $85,000 | -41.4% | 0.1% |
OPEN MORTGAGE, LLC | $85,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $605,000 | $75,000 | -87.6% | 0.1% |
CARDINAL FINANCIAL | $365,000 | $75,000 | -79.5% | 0.1% |
Plains Commerce Bank | $185,000 | $75,000 | -59.5% | 0.1% |
SOUTHPOINT FINANCIAL | $75,000 | n/a | 0.1% | |
Coastal Community Bank | $65,000 | n/a | 0.1% | |
Luana Savings Bank | $65,000 | $65,000 | 0.0% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $35,000 | $60,000 | 71.4% | 0.1% |
Ixonia Bank | $55,000 | n/a | 0.1% | |
First Option Bank | $45,000 | n/a | 0.1% | |
RIVER VALLEY CREDIT UNION | $15,000 | $45,000 | 200.0% | 0.1% |
Figure Lending LLC | $35,000 | n/a | 0.1% | |
Citizens Bank | $25,000 | n/a | 0.0% | |
NAVY FEDERAL CREDIT UNION | $1,105,000 | $25,000 | -97.7% | 0.0% |
GREATER IOWA CREDIT UNION | $75,000 | $15,000 | -80.0% | 0.0% |
Fort Dodge's top lender by overall market share is GREENSTATE CREDIT UNION, with 18.4% market share. In second place, with 17.4%, is Northwest Bank, having originated $11,695,000 in loans. In third place, with 10.7%, is FRONTIER FINANCIAL, INC., having originated $7,215,000 in loans. In fourth place, with 10.0%, is Availa Bank, having originated $6,700,000 in loans. In fifth place, with 7.1%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $4,775,000 in loans.
Fort Dodge Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Fort Dodge (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $104,250 (30.6%) | $140,615 (16.7%) | 0.00 | 147 |
2018-02-01 | $109,850 (42.9%) | $143,484 (23.3%) | 0.00 | 139 |
2018-03-01 | $114,900 (45.5%) | $144,117 (22.2%) | 0.00 | 135 |
2018-04-01 | $122,475 (55.0%) | $150,418 (18.5%) | 0.00 | 151 |
2018-05-01 | $123,200 (50.8%) | $150,463 (16.3%) | 0.00 | 148 |
2018-06-01 | $115,000 (33.0%) | $142,854 (13.4%) | 0.00 | 164 |
2018-07-01 | $104,975 (24.4%) | $140,370 (11.5%) | 0.00 | 170 |
2018-08-01 | $109,550 (21.8%) | $142,716 (3.5%) | 0.00 | 181 |
2018-09-01 | $108,900 (9.2%) | $137,352 (-4.3%) | 0.00 | 195 |
2018-10-01 | $109,900 (5.0%) | $138,401 (-3.2%) | 0.00 | 188 |
2018-11-01 | $109,950 (7.3%) | $135,755 (-6.8%) | 0.00 | 181 |
2018-12-01 | $117,450 (17.6%) | $135,622 (-1.8%) | 0.00 | 171 |
2019-01-01 | $121,650 (16.7%) | $139,352 (-0.9%) | 0.00 | 163 |
2019-02-01 | $125,950 (14.7%) | $142,427 (-0.7%) | 0.00 | 139 |
2019-03-01 | $123,900 (7.8%) | $145,503 (1.0%) | 0.00 | 129 |
2019-04-01 | $119,900 (-2.1%) | $144,206 (-4.1%) | 0.00 | 138 |
2019-05-01 | $122,200 (-0.8%) | $150,387 (-0.1%) | 0.00 | 146 |
2019-06-01 | $119,500 (3.9%) | $152,748 (6.9%) | 0.00 | 152 |
2019-07-01 | $118,850 (13.2%) | $349,515 (149.0%) | 0.00 | 158 |
2019-08-01 | $117,555 (7.3%) | $292,597 (105.0%) | 0.00 | 162 |
2019-09-01 | $115,836 (6.4%) | $206,521 (50.4%) | 0.00 | 162 |
2019-10-01 | $117,391 (6.8%) | $142,966 (3.3%) | 0.00 | 161 |
2019-11-01 | $114,000 (3.7%) | $136,496 (0.6%) | 0.00 | 151 |
2019-12-01 | $116,975 (-0.4%) | $138,387 (2.0%) | 0.00 | 144 |
2020-01-01 | $121,875 (0.2%) | $143,755 (3.2%) | 0.00 | 132 |
2020-02-01 | $124,900 (-0.8%) | $148,568 (4.3%) | 0.00 | 132 |
2020-03-01 | $132,000 (6.5%) | $163,709 (12.5%) | 0.00 | 133 |
2020-04-01 | $138,325 (15.4%) | $164,578 (14.1%) | 0.00 | 127 |
2020-05-01 | $149,900 (22.7%) | $175,126 (16.5%) | 0.00 | 115 |
2020-06-01 | $141,700 (18.6%) | $171,569 (12.3%) | 0.00 | 113 |
2020-07-01 | $152,450 (28.3%) | $175,774 (-49.7%) | 0.00 | 103 |
2020-08-01 | $132,450 (12.7%) | $172,545 (-41.0%) | 0.00 | 100 |
2020-09-01 | $132,950 (14.8%) | $165,679 (-19.8%) | 0.00 | 93 |
2020-10-01 | $147,400 (25.6%) | $172,671 (20.8%) | 0.00 | 103 |
2020-11-01 | $149,900 (31.5%) | $178,530 (30.8%) | 0.00 | 97 |
2020-12-01 | $144,900 (23.9%) | $179,819 (29.9%) | 0.00 | 94 |
2021-01-01 | $157,400 (29.2%) | $197,105 (37.1%) | 0.00 | 90 |
2021-02-01 | $137,450 (10.1%) | $193,529 (30.3%) | 0.00 | 77 |
2021-03-01 | $169,950 (28.8%) | $201,172 (22.9%) | 0.00 | 73 |
2021-04-01 | $164,300 (18.8%) | $186,074 (13.1%) | 0.00 | 63 |
2021-05-01 | $159,900 (6.7%) | $188,878 (7.9%) | 0.00 | 59 |
2021-06-01 | $143,675 (1.4%) | $187,548 (9.3%) | 0.00 | 64 |
2021-07-01 | $139,450 (-8.5%) | $182,423 (3.8%) | 0.00 | 65 |
2021-08-01 | $131,500 (-0.7%) | $179,373 (4.0%) | 0.00 | 62 |
2021-09-01 | $122,450 (-7.9%) | $169,611 (2.4%) | 0.00 | 69 |
2021-10-01 | $136,000 (-7.7%) | $173,833 (0.7%) | 0.00 | 72 |
2021-11-01 | $125,075 (-16.6%) | $168,107 (-5.8%) | 0.00 | 67 |
2021-12-01 | $136,200 (-6.0%) | $167,121 (-7.1%) | 0.00 | 63 |
2022-01-01 | $130,000 (-17.4%) | $165,980 (-15.8%) | 0.00 | 56 |
2022-02-01 | $118,700 (-13.6%) | $151,816 (-21.6%) | 0.00 | 53 |
2022-03-01 | $146,000 (-14.1%) | $196,060 (-2.5%) | 0.00 | 53 |
2022-04-01 | $149,900 (-8.8%) | $183,579 (-1.3%) | 0.00 | 52 |
2022-05-01 | $145,750 (-8.9%) | $180,522 (-4.4%) | 0.00 | 60 |
2022-06-01 | $144,750 (0.8%) | $183,900 (-2.0%) | 0.00 | 67 |
2022-07-01 | $139,000 (-0.3%) | $165,792 (-9.1%) | 0.00 | 85 |
2022-08-01 | $146,250 (11.2%) | $164,017 (-8.6%) | 0.00 | 82 |
2022-09-01 | $159,900 (30.6%) | $179,675 (5.9%) | 0.00 | 83 |
2022-10-01 | $149,900 (10.2%) | $171,441 (-1.4%) | 0.00 | 85 |
2022-11-01 | $149,900 (19.9%) | $163,782 (-2.6%) | 0.00 | 86 |
2022-12-01 | $149,500 (9.8%) | $155,956 (-6.7%) | 0.00 | 74 |
2023-01-01 | $149,550 (15.0%) | $161,789 (-2.5%) | 0.00 | 65 |
2023-02-01 | $149,600 (26.0%) | $202,238 (33.2%) | 0.00 | 67 |
2023-03-01 | $149,925 (2.7%) | $198,404 (1.2%) | 0.00 | 67 |
2023-04-01 | $160,000 (6.7%) | $228,270 (24.3%) | 0.00 | 53 |
2023-05-01 | $168,925 (15.9%) | $221,160 (22.5%) | 0.00 | 66 |
2023-06-01 | $159,675 (10.3%) | $222,028 (20.7%) | 0.00 | 62 |
2023-07-01 | $179,900 (29.4%) | $218,249 (31.6%) | 0.00 | 85 |
2023-08-01 | $174,900 (19.6%) | $184,422 (12.4%) | 0.00 | 92 |
2023-09-01 | $169,000 (5.7%) | $184,071 (2.5%) | 0.00 | 94 |
2023-10-01 | $159,900 (6.7%) | $176,747 (3.1%) | 0.00 | 91 |
2023-11-01 | $149,900 (0.0%) | $177,071 (8.1%) | 0.00 | 87 |
2023-12-01 | $149,900 (0.3%) | $171,374 (9.9%) | 0.00 | 85 |
2024-01-01 | $141,925 (-5.1%) | $165,305 (2.2%) | 0.00 | 81 |
2024-02-01 | $145,000 (-3.1%) | $175,168 (-13.4%) | 0.00 | 84 |
2024-03-01 | $151,200 (0.9%) | $183,992 (-7.3%) | 0.00 | 81 |
2024-04-01 | $158,650 (-0.8%) | $175,697 (-23.0%) | 0.00 | 95 |
2024-05-01 | $167,000 (-1.1%) | $188,178 (-14.9%) | 0.00 | 100 |
2024-06-01 | $171,000 (7.1%) | $198,909 (-10.4%) | 0.00 | 108 |
2024-07-01 | $159,675 (-11.2%) | $191,264 (-12.4%) | 0.00 | 105 |
2024-08-01 | $165,000 (-5.7%) | $198,415 (7.6%) | 0.00 | 100 |
2024-09-01 | $169,900 (0.5%) | $202,778 (10.2%) | 0.00 | 106 |
Fort Dodge's median listing price comes in at 0% of the national average.
Fort Dodge's average listing price for 2024-09-01 was $202,778, a difference of $18,707 (10.2%) versus the prior year and $4,363 versus the prior month.
For the 2024-09-01 period, Fort Dodge had 106 MLS listings, a difference of 6 listings (6%) versus the prior month and 12 listings (13%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fort Dodge (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,400 sqft |
2018-02-01 | 0 days | 1,383 sqft |
2018-03-01 | 0 days | 1,407 sqft |
2018-04-01 | 0 days | 1,471 sqft |
2018-05-01 | 0 days | 1,489 sqft |
2018-06-01 | 0 days | 1,493 sqft |
2018-07-01 | 0 days | 1,513 sqft |
2018-08-01 | 0 days | 1,521 sqft |
2018-09-01 | 0 days | 1,475 sqft |
2018-10-01 | 0 days | 1,492 sqft |
2018-11-01 | 0 days | 1,483 sqft |
2018-12-01 | 0 days | 1,470 sqft |
2019-01-01 | 0 days | 1,433 sqft |
2019-02-01 | 0 days | 1,461 sqft |
2019-03-01 | 0 days | 1,507 sqft |
2019-04-01 | 0 days | 1,552 sqft |
2019-05-01 | 0 days | 1,564 sqft |
2019-06-01 | 0 days | 1,622 sqft |
2019-07-01 | 0 days | 1,553 sqft |
2019-08-01 | 0 days | 1,537 sqft |
2019-09-01 | 0 days | 1,526 sqft |
2019-10-01 | 0 days | 1,525 sqft |
2019-11-01 | 0 days | 1,517 sqft |
2019-12-01 | 0 days | 1,481 sqft |
2020-01-01 | 0 days | 1,484 sqft |
2020-02-01 | 0 days | 1,488 sqft |
2020-03-01 | 0 days | 1,537 sqft |
2020-04-01 | 0 days | 1,544 sqft |
2020-05-01 | 0 days | 1,571 sqft |
2020-06-01 | 0 days | 1,582 sqft |
2020-07-01 | 0 days | 1,643 sqft |
2020-08-01 | 0 days | 1,593 sqft |
2020-09-01 | 0 days | 1,599 sqft |
2020-10-01 | 0 days | 1,602 sqft |
2020-11-01 | 0 days | 1,640 sqft |
2020-12-01 | 0 days | 1,641 sqft |
2021-01-01 | 0 days | 1,607 sqft |
2021-02-01 | 0 days | 1,582 sqft |
2021-03-01 | 0 days | 1,628 sqft |
2021-04-01 | 0 days | 1,566 sqft |
2021-05-01 | 0 days | 1,648 sqft |
2021-06-01 | 0 days | 1,651 sqft |
2021-07-01 | 0 days | 1,625 sqft |
2021-08-01 | 0 days | 1,639 sqft |
2021-09-01 | 0 days | 1,571 sqft |
2021-10-01 | 0 days | 1,564 sqft |
2021-11-01 | 0 days | 1,472 sqft |
2021-12-01 | 0 days | 1,458 sqft |
2022-01-01 | 0 days | 1,450 sqft |
2022-02-01 | 0 days | 1,445 sqft |
2022-03-01 | 0 days | 1,458 sqft |
2022-04-01 | 0 days | 1,692 sqft |
2022-05-01 | 0 days | 1,585 sqft |
2022-06-01 | 0 days | 1,448 sqft |
2022-07-01 | 0 days | 1,428 sqft |
2022-08-01 | 0 days | 1,427 sqft |
2022-09-01 | 0 days | 1,500 sqft |
2022-10-01 | 0 days | 1,498 sqft |
2022-11-01 | 0 days | 1,469 sqft |
2022-12-01 | 0 days | 1,519 sqft |
2023-01-01 | 0 days | 1,487 sqft |
2023-02-01 | 0 days | 1,506 sqft |
2023-03-01 | 0 days | 1,479 sqft |
2023-04-01 | 0 days | 1,476 sqft |
2023-05-01 | 0 days | 1,439 sqft |
2023-06-01 | 0 days | 1,439 sqft |
2023-07-01 | 0 days | 1,490 sqft |
2023-08-01 | 0 days | 1,474 sqft |
2023-09-01 | 0 days | 1,485 sqft |
2023-10-01 | 0 days | 1,452 sqft |
2023-11-01 | 0 days | 1,420 sqft |
2023-12-01 | 0 days | 1,296 sqft |
2024-01-01 | 0 days | 1,296 sqft |
2024-02-01 | 0 days | 1,351 sqft |
2024-03-01 | 0 days | 1,427 sqft |
2024-04-01 | 0 days | 1,420 sqft |
2024-05-01 | 0 days | 1,421 sqft |
2024-06-01 | 0 days | 1,416 sqft |
2024-07-01 | 0 days | 1,337 sqft |
2024-08-01 | 0 days | 1,482 sqft |
2024-09-01 | 0 days | 1,435 sqft |
Fort Dodge's median square footage for active listings during the 2024-09-01 period was 1,435 sqft. One year prior, the average listing was 1,485 sqft.
Fort Dodge, IA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 363 | $52,585,000 | $144,862 |
Refi | 61 | $7,045,000 | $115,492 |
Home Improvement | 51 | $2,145,000 | $42,059 |
Other | 38 | $1,580,000 | $41,579 |
Cash Out Refi | 33 | $3,895,000 | $118,030 |
Fort Dodge's most frequently cited loan purpose was Home Purchase, with 363 originations. The 2nd most popular reason was Refi, with 61 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 208 | $28,360,000 | $136,346 |
7-8% | 111 | $13,965,000 | $125,811 |
5-6% | 75 | $10,775,000 | $143,667 |
Over 8% | 73 | $4,055,000 | $55,548 |
<2.5% | 3 | $15,000 | $5,000 |
4-5% | 2 | $510,000 | $255,000 |
During 2023, Fort Dodge's most frequently originated rate bucket was 6-7%, with 208 originations.
Loan Sizing (Fort Dodge, IA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 265 | $13,995,000 | $52,811 |
$100k-200k | 198 | $27,900,000 | $140,909 |
$200k-400k | 75 | $19,135,000 | $255,133 |
$400k-600k | 7 | $3,575,000 | $510,714 |
$Over $1MM | 1 | $2,645,000 | $2,645,000 |
Fort Dodge's loan sizing saw the bucket of loans from $100,000 or less with 265 originations, totaling $13,995,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 247 | $36,845,000 | $149,170 |
60-80% | 85 | $12,745,000 | $149,941 |
Under 20% | 64 | $1,850,000 | $28,906 |
20-40% | 43 | $2,425,000 | $56,395 |
40-60% | 28 | $3,130,000 | $111,786 |
Over 100% | 3 | $655,000 | $218,333 |
Fort Dodge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 247 originations, totaling $36,845,000 in origination value.