Fort Dodge 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 Fort Dodge averaged 7.13% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.51% and one month ago for the week of 2024-03-14, the average rate was 6.57%.

    Fort Dodge's average rate one year ago was 6.1%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Fort Dodge 30 Year Fixed Rate 2024-04-18 7.13%
    Fort Dodge 30 Year Fixed Rate Refi 2024-04-18 7%
    Fort Dodge 15 Year Fixed Rate 2024-04-18 6.39%
    Fort Dodge 15 Year Fixed Rate Refi 2024-04-18 6.49%
    Fort Dodge 30 Year FHA 2024-04-18 6.96%
    Fort Dodge 30 Year FHA Refi 2024-04-18 6.66%
    Fort Dodge 30 Year USDA 2024-04-18 6.76%
    Fort Dodge 30 Year USDA Refi 2024-04-18 6.96%
    Fort Dodge 30 Year VA 2024-04-18 6.86%
    Fort Dodge 30 Year VA Refi 2024-04-18 6.66%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Fort Dodge, IA.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GREENSTATE CREDIT UNION 59 6.39% $1,874
    Northwest Bank 45 6.55% $3,324
    FRONTIER FINANCIAL, INC. 25 6.76% $3,436
    IOWA BANKERS MORTGAGE CORPORATION 24 6.69% $2,496
    QUICKEN LOANS, LLC 7 6.69% $6,097
    Wells Fargo Bank 7 6.75% $4,427
    First Interstate Bank 5 7.65% $2,566
    United Bank of Iowa 4 7.22% $2,918
    U.S. Bank 3 6.54% $2,311
    LAND HOME FINANCIAL SERVICES, INC. 3 6.58% $6,326
    Bank Iowa 2 7.00% $2,260
    Servion, Inc. 2 6.88% $3,412
    Farm Credit Mid-America, ACA 2 6.56% $6,541
    HOMESERVICES LENDING, LLC 2 7.00% $5,042
    HOMESIDE FINANCIAL, LLC 1 7.63% $3,142
    Ixonia Bank 1 5.25% $5,130
    JPMorgan Chase Bank 1 6.50% $1,754
    MARINE 1 11.48% $5,122
    Marine Bank 1 6.38% $2,836
    Midwest Heritage Bank FSB 1 6.50% $2,986
    MORTGAGE ACCESS CORP. 1 5.99% $7,865
    Mortgage Research Center, LLC 1 6.38% $1,265
    NBKC BANK 1 7.13% $2,205
    OPEN MORTGAGE, LLC 1 5.99% $2,967
    PENNYMAC LOAN SERVICES, LLC 1 7.50% $4,849
    ROYAL UNITED MORTGAGE LLC 1 7.25% $6,354
    The Huntington National Bank 1 7.63% $3,632
    UNITED WHOLESALE MORTGAGE, LLC 1 6.38% $1,198
    VERIDIAN CREDIT UNION 1 6.50% $1,858
    AMERISAVE MORTGAGE CORPORATION 1 8.50% $4,383
    WINGS FINANCIAL 1 7.25% $2,880
    Bank of America 1 6.63% $2,061
    BROKER SOLUTIONS, INC. 1 7.50% $3,435
    CARDINAL FINANCIAL 1 6.99% $5,474
    Central Bank 1 7.13% $3,883
    Community Choice Credit Union 1 6.50% $2,394
    ENVOY MORTGAGE, LTD 1 5.99% $5,007
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $3,440
    Fidelity Bank & Trust 1 5.63% $1,886
    First Savings Bank 1 8.00% $4,257
    Fortress Bank 1 6.88% $4,532
    GERSHMAN INVESTMENT CORP. 1 6.00% $3,329
    GUARANTEED RATE, INC. 1 6.50% $3,315
    GUILD MORTGAGE COMPANY 1 7.13% $979

    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. Louis
    Date 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
    Fort Dodge's median listing price for 2024-03-01 was $151,200, a difference of $1,275 (0.9%) versus the prior year and $6,200 versus the prior month.

    Fort Dodge's median listing price comes in at 0% of the national average.

    Fort Dodge's average listing price for 2024-03-01 was $183,992, a difference of $-14,412 (-7.3%) versus the prior year and $8,824 versus the prior month.

    For the 2024-03-01 period, Fort Dodge had 81 MLS listings, a difference of -3 listings (-4%) versus the prior month and 14 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fort Dodge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,400 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
    Fort Dodge's median listing age (time on market) for 2024-03-01 was 0 days.

    Fort Dodge's median square footage for active listings during the 2024-03-01 period was 1,427 sqft. One year prior, the average listing was 1,479 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.