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 6.79% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 6.43% and one month ago for the week of 2023-08-10, the average rate was 6.27%.

    Fort Dodge's average rate one year ago was 5.4%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.68%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Fort Dodge 30 Year Fixed Rate 2023-09-14 6.79%
    Fort Dodge 30 Year Fixed Rate Refi 2023-09-14 7.68%
    Fort Dodge 15 Year Fixed Rate 2023-09-14 6.41%
    Fort Dodge 15 Year Fixed Rate Refi 2023-09-14 7.01%
    Fort Dodge 30 Year FHA 2023-09-14 6.64%
    Fort Dodge 30 Year FHA Refi 2023-09-14 7.19%
    Fort Dodge 30 Year USDA 2023-09-14 6.78%
    Fort Dodge 30 Year USDA Refi 2023-09-14 6.98%
    Fort Dodge 30 Year VA 2023-09-14 7.01%
    Fort Dodge 30 Year VA Refi 2023-09-14 6.91%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    GREENSTATE CREDIT UNION 112 4.34% $1,832
    Northwest Bank 53 4.59% $2,771
    IOWA BANKERS MORTGAGE CORPORATION 30 4.96% $2,230
    FRONTIER FINANCIAL, INC. 21 5.32% $3,217
    Wells Fargo Bank 11 4.61% $2,813
    First Interstate Bank 10 4.58% $2,607
    United Bank of Iowa 8 4.84% $2,628
    QUICKEN LOANS, LLC 7 5.82% $4,321
    LAND HOME FINANCIAL SERVICES, INC. 7 5.52% $4,015
    NAVY FEDERAL CREDIT UNION 4 6.66% $3,895
    Great Western Bank 3 3.33% $2,311
    U.S. Bank 3 5.62% $2,272
    Mr. Cooper ( Nationstar Mortgage ) 3 4.79% $4,251
    VERIDIAN CREDIT UNION 3 4.42% $1,768
    Truist 2 5.69% $6,249
    BROKER SOLUTIONS, INC. 2 4.38% $3,576
    Farm Credit Mid-America, ACA 2 6.29% $8,801
    FINANCE OF AMERICA MORTGAGE LLC 2 6.13% $5,290
    Fortress Bank 2 4.06% $2,496
    MORTGAGE ACCESS CORP. 2 6.00% $4,104
    GREATER IOWA CREDIT UNION 1 3.25% $2,166
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 4.49% $2,545
    Equity Prime Mortgage LLC 1 6.88% $5,237
    Deere Employees Credit Union 1 3.75% $2,977
    CROSSCOUNTRY MORTGAGE, LLC 1 3.88% $4,668
    LOANDEPOT.COM, LLC 1 4.63% $4,713
    Mazuma Credit Union 1 6.13% $4,084
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.88% $3,145
    Mortgage Research Center, LLC 1 7.38% $1,095
    MOVEMENT MORTGAGE, LLC 1 6.88% $6,224
    COMPASS MORTGAGE, INC. 1 5.63% $3,435
    Colonial Savings, F.A. 1 5.13% $4,826
    Northpointe Bank 1 5.99% $5,809
    CMG MORTGAGE, INC. 1 3.13% $2,846
    PENNYMAC LOAN SERVICES, LLC 1 5.63% $3,017
    PNC Bank 1 4.25% $2,372
    Central Bank 1 4.25% $3,234
    ROYAL UNITED MORTGAGE LLC 1 5.50% $6,253
    Servion, Inc. 1 6.00% $3,886
    AMERICAN FINANCING CORPORATION 1 4.50% $2,829
    Carrington Mortgage Services, LLC 1 5.38% $5,382
    UNITED WHOLESALE MORTGAGE, LLC 1 6.74% $2,155
    Bank of America 1 3.75% $2,623
    AmeriHome Mortgage Company, LLC 1 3.50% $4,914
    FirstBank 1 5.63% $2,681

    Fort Dodge Average Closing Costs & Other Stats

    Fort Dodge, IA's 45 lenders originated 802 loans during 2022. The total origination value was $110,790,000, with an average loan value of $138,142.

    Fort Dodge's average closing costs are $2,931.

    The top Fort Dodge lender as defined by loan originations is GREENSTATE CREDIT UNION, with 112 loans originated. Their average total fees are $1,832, which is $939 lower than the next largest lender, Northwest Bank.

    The lowest fee Fort Dodge lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($1,832), IOWA BANKERS MORTGAGE CORPORATION ($2,230), First Interstate Bank ($2,607), Northwest Bank ($2,771) and Wells Fargo Bank ($2,813).

    The lowest rate Fort Dodge lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION (4.34%), First Interstate Bank (4.58%), Northwest Bank (4.59%), Wells Fargo Bank (4.61%) and IOWA BANKERS MORTGAGE CORPORATION (4.96%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    GREENSTATE CREDIT UNION $29,530,000 $21,270,000 -28.0% 19.2%
    Northwest Bank $24,620,000 $18,845,000 -23.5% 17.0%
    First Interstate Bank $16,855,000 n/a 15.2%
    FRONTIER FINANCIAL, INC. $9,750,000 $7,670,000 -21.3% 6.9%
    IOWA BANKERS MORTGAGE CORPORATION $14,015,000 $6,650,000 -52.6% 6.0%
    Availa Bank $4,485,000 $5,055,000 12.7% 4.6%
    QUICKEN LOANS, LLC $8,325,000 $3,635,000 -56.3% 3.3%
    Wells Fargo Bank $5,605,000 $2,430,000 -56.6% 2.2%
    U.S. Bank $755,000 $1,920,000 154.3% 1.7%
    United Bank of Iowa $2,565,000 $1,620,000 -36.8% 1.5%
    Great Western Bank $4,150,000 $1,600,000 -61.4% 1.4%
    LAND HOME FINANCIAL SERVICES, INC. $3,115,000 $1,525,000 -51.0% 1.4%
    First Bank $300,000 $1,210,000 303.3% 1.1%
    NAVY FEDERAL CREDIT UNION $840,000 $1,105,000 31.5% 1.0%
    Mortgage Research Center, LLC $810,000 $980,000 21.0% 0.9%
    Farm Credit Mid-America, ACA $2,375,000 $820,000 -65.5% 0.7%
    USAA Federal Savings Bank $640,000 $775,000 21.1% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $1,315,000 $670,000 -49.0% 0.6%
    PENNYMAC LOAN SERVICES, LLC $510,000 $650,000 27.5% 0.6%
    AMERICAN PACIFIC MORTGAGE CORPORATION $75,000 $610,000 713.3% 0.6%
    AMERISAVE MORTGAGE CORPORATION $500,000 $605,000 21.0% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $545,000 $585,000 7.3% 0.5%
    MORTGAGE ACCESS CORP. $560,000 n/a 0.5%
    VERIDIAN CREDIT UNION $255,000 $540,000 111.8% 0.5%
    CMG MORTGAGE, INC. $525,000 n/a 0.5%
    FREEDOM MORTGAGE CORPORATION $2,105,000 $520,000 -75.3% 0.5%
    Green Belt Bank & Trust $800,000 $485,000 -39.4% 0.4%
    Truist $85,000 $440,000 417.6% 0.4%
    NEWREZ LLC $265,000 $410,000 54.7% 0.4%
    GERSHMAN INVESTMENT CORP. $1,290,000 $380,000 -70.5% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $205,000 $365,000 78.0% 0.3%
    UNITED WHOLESALE MORTGAGE, LLC $365,000 n/a 0.3%
    FINANCE OF AMERICA MORTGAGE LLC $360,000 n/a 0.3%
    Deere Employees Credit Union $310,000 $340,000 9.7% 0.3%
    HOMESIDE FINANCIAL, LLC $400,000 $330,000 -17.5% 0.3%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $295,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $290,000 n/a 0.3%
    PNC Bank $275,000 n/a 0.2%
    GUARANTEED RATE AFFINITY, LLC $265,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $265,000 n/a 0.2%
    Two Rivers Bank & Trust $265,000 n/a 0.2%
    City State Bank $260,000 n/a 0.2%
    EMBRACE HOME LOANS, INC. $155,000 $255,000 64.5% 0.2%
    SERVICE FIRST FEDERAL CREDIT UNION $235,000 n/a 0.2%
    Flagstar Bank, FSB $230,000 n/a 0.2%
    Fortress Bank $230,000 n/a 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $185,000 $215,000 16.2% 0.2%
    Equity Prime Mortgage LLC $215,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $125,000 $210,000 68.0% 0.2%
    Fidelity Bank $200,000 n/a 0.2%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $185,000 n/a 0.2%
    Plains Commerce Bank $185,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $790,000 $175,000 -77.8% 0.2%
    Mazuma Credit Union $175,000 n/a 0.2%
    Midwest Heritage Bank FSB $235,000 $175,000 -25.5% 0.2%
    Community Choice Credit Union $620,000 $170,000 -72.6% 0.2%
    ALLIANT $165,000 n/a 0.1%
    First Central State Bank $155,000 n/a 0.1%
    Arvest Bank $125,000 $145,000 16.0% 0.1%
    Colonial Savings, F.A. $315,000 $145,000 -54.0% 0.1%
    COMPASS MORTGAGE, INC. $145,000 n/a 0.1%
    LOANDEPOT.COM, LLC $1,245,000 $145,000 -88.4% 0.1%
    Carrington Mortgage Services, LLC $255,000 $140,000 -45.1% 0.1%
    Great Southern Bank $135,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $135,000 n/a 0.1%
    Bank Iowa $1,175,000 $120,000 -89.8% 0.1%
    ENVOY MORTGAGE, LTD $115,000 n/a 0.1%
    Servion, Inc. $515,000 $115,000 -77.7% 0.1%
    ALTRA $105,000 n/a 0.1%
    Central Bank $105,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $95,000 n/a 0.1%
    MOVEMENT MORTGAGE, LLC $95,000 n/a 0.1%
    Regions Bank $115,000 $95,000 -17.4% 0.1%
    AMERICAN ADVISORS GROUP $45,000 $85,000 88.9% 0.1%
    AMERICAN FINANCING CORPORATION $85,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $135,000 $85,000 -37.0% 0.1%
    GREATER IOWA CREDIT UNION $75,000 n/a 0.1%
    JPMorgan Chase Bank $590,000 $75,000 -87.3% 0.1%
    VILLAGE CAPITAL MORTGAGE $135,000 $75,000 -44.4% 0.1%
    FirstBank $65,000 n/a 0.1%
    Luana Savings Bank $405,000 $65,000 -84.0% 0.1%
    Northpointe Bank $65,000 n/a 0.1%
    SPRING EQ, LLC $55,000 n/a 0.0%
    Bank of America $45,000 n/a 0.0%
    Denver Savings Bank $45,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $150,000 $35,000 -76.7% 0.0%
    Old National Bank $25,000 n/a 0.0%
    RIVER VALLEY CREDIT UNION $15,000 n/a 0.0%

    Fort Dodge's top lender by overall market share is GREENSTATE CREDIT UNION, with 19.2% market share. In second place, with 17.0%, is Northwest Bank, having originated $18,845,000 in loans. In third place, with 15.2%, is First Interstate Bank, having originated $16,855,000 in loans. In fourth place, with 6.9%, is FRONTIER FINANCIAL, INC., having originated $7,670,000 in loans. In fifth place, with 6.0%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $6,650,000 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 $144,900 (23.4%) $171,943 (20.3%) 0.00 103
    2020-11-01 $149,900 (31.5%) $177,433 (30.0%) 0.00 97
    2020-12-01 $144,900 (23.9%) $179,819 (29.9%) 0.00 94
    2021-01-01 $149,900 (23.0%) $195,515 (36.0%) 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 (-6.1%) $173,833 (1.1%) 0.00 72
    2021-11-01 $125,075 (-16.6%) $168,107 (-5.3%) 0.00 67
    2021-12-01 $136,200 (-6.0%) $167,121 (-7.1%) 0.00 63
    2022-01-01 $130,000 (-13.3%) $165,980 (-15.1%) 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
    Fort Dodge's median listing price for 2023-08-01 was $174,900, a difference of $28,650 (19.6%) versus the prior year and $-5,000 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 2023-08-01 was $184,422, a difference of $20,405 (12.4%) versus the prior year and $-33,827 versus the prior month.

    For the 2023-08-01 period, Fort Dodge had 92 MLS listings, a difference of 7 listings (8%) versus the prior month and 10 listings (12%) 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 1,516 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 1,624 sqft
    2020-12-01 0 days 1,641 sqft
    2021-01-01 0 days 1,602 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
    Fort Dodge's median listing age (time on market) for 2023-08-01 was 0 days.

    Fort Dodge's median square footage for active listings during the 2023-08-01 period was 1,474 sqft. One year prior, the average listing was 1,427 sqft.

    Fort Dodge, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 512 $83,500,000 $163,086
    Refi 96 $11,660,000 $121,458
    Home Improvement 76 $3,660,000 $48,158
    Cash Out Refi 75 $8,535,000 $113,800
    Other 43 $3,435,000 $79,884

    Fort Dodge's most frequently cited loan purpose was Home Purchase, with 512 originations. The 2nd most popular reason was Refi, with 96 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 193 $26,475,000 $137,176
    5-6% 191 $22,935,000 $120,079
    4-5% 175 $34,845,000 $199,114
    6-7% 89 $10,245,000 $115,112
    7-8% 28 $2,840,000 $101,429
    2.5-3% 24 $2,910,000 $121,250
    <2.5% 15 $1,765,000 $117,667
    Over 8% 13 $515,000 $39,615

    During 2022, Fort Dodge's most frequently originated rate bucket was 3-4%, with 193 originations.

    Loan Sizing (Fort Dodge, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 382 $20,680,000 $54,136
    $100k-200k 304 $42,300,000 $139,145
    $200k-400k 100 $26,220,000 $262,200
    $400k-600k 11 $4,955,000 $450,455
    $600k-1000k 4 $3,090,000 $772,500
    $Over $1MM 1 $13,545,000 $13,545,000

    Fort Dodge's loan sizing saw the bucket of loans from $100,000 or less with 382 originations, totaling $20,680,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 366 $53,060,000 $144,973
    60-80% 148 $33,770,000 $228,176
    Under 20% 81 $1,735,000 $21,420
    40-60% 67 $7,665,000 $114,403
    20-40% 65 $5,535,000 $85,154
    Over 100% 3 $815,000 $271,667

    Fort Dodge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 366 originations, totaling $53,060,000 in origination value.