Hutchinson Mortgage Rates

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

30 Year Fixed Rate mortgages in Hutchinson averaged 5.79% 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 5.39%.

Hutchinson's average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.89%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Hutchinson 30 Year Fixed Rate 2022-06-30 5.79%
Hutchinson 30 Year Fixed Rate Refi 2022-06-30 5.89%
Hutchinson 15 Year Fixed Rate 2022-06-30 4.94%
Hutchinson 15 Year Fixed Rate Refi 2022-06-30 4.97%
Hutchinson 30 Year FHA 2022-06-30 5.63%
Hutchinson 30 Year FHA Refi 2022-06-30 5.76%
Hutchinson 30 Year USDA 2022-06-30 5.81%
Hutchinson 30 Year USDA Refi 2022-06-30 5.06%
Hutchinson 30 Year VA 2022-06-30 5.71%
Hutchinson 30 Year VA Refi 2022-06-30 5.21%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hutchinson, MN.

Hutchinson 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 Hutchinson, 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
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 107 3.16% $4,493
CORTRUST MORTGAGE, INC. 84 2.74% $4,488
QUICKEN LOANS, LLC 53 3.08% $4,527
UNITED WHOLESALE MORTGAGE, LLC 47 3.01% $3,965
BROKER SOLUTIONS, INC. 30 3.23% $3,483
Wells Fargo Bank 27 3.15% $3,064
LOANDEPOT.COM, LLC 17 3.37% $3,893
Bell Bank 17 3.04% $3,534
FREEDOM MORTGAGE CORPORATION 14 3.22% $1,785
Servion, Inc. 14 3.19% $4,324
PENNYMAC LOAN SERVICES, LLC 12 3.10% $4,096
CROSSCOUNTRY MORTGAGE, LLC 11 3.20% $4,482
Old National Bank 11 3.01% $2,735
Mr. Cooper ( Nationstar Mortgage ) 10 3.29% $4,075
Flagstar Bank, FSB 10 3.16% $3,600
U.S. Bank 10 3.25% $2,961
Summit Mortgage Corporation 9 3.14% $3,713
CALIBER HOME LOANS, INC. 8 3.14% $2,940
Prosperity Home Mortgage, LLC 8 3.16% $3,571
Merchants Bank 8 2.96% $3,802
BAY EQUITY LLC 7 3.14% $3,756
Bremer Bank 7 3.05% $6,038
AMERISAVE MORTGAGE CORPORATION 7 2.73% $5,623
GUARANTEED RATE, INC. 7 2.96% $3,625
Alerus Financial 6 3.27% $2,963
HomeTown Bank 6 3.19% $4,211
Waterstone Mortgage Corporation 5 3.33% $4,213
NEWREZ LLC 5 3.18% $3,439
PLAZA HOME MORTGAGE, INC. 5 3.04% $4,449
Plains Commerce Bank 5 2.95% $4,490
First Savings Bank 5 3.15% $4,592
GUARANTEED RATE AFFINITY, LLC 4 2.97% $3,266
HOME POINT FINANCIAL CORPORATION 4 3.03% $3,308
COMPEER FINANCIAL, FLCA 4 4.09% $2,968
RESULTS MORTGAGE, LLC 4 3.00% $3,407
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.28% $3,212
Manufacturers and Traders Trust Company 4 3.28% $4,462
BETTER MORTGAGE CORPORATION 4 3.34% $1,423
SPIRE Credit Union 3 3.29% $3,324
AFFINITY PLUS 3 2.83% $3,614
LEADERONE FINANCIAL CORPORATION 3 2.83% $2,865
JPMorgan Chase Bank 3 3.32% $3,700
Cambria Financial Group, LLC 3 3.38% $3,248
Tradition Mortgage, LLC 3 3.21% $2,349
Frandsen Bank & Trust 3 2.88% $3,901
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 3 3.04% $2,954
Goldwater Bank, N.A. 3 3.25% $4,487
AXIA FINANCIAL, LLC 3 3.21% $4,152
WINGS FINANCIAL 2 2.63% $2,987
American Mortgage & Equity Consultants, Inc. 2 3.25% $3,521
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 3.50% $3,668
Associated Bank 2 2.94% $3,058
CHURCHILL MORTGAGE CORPORATION 2 3.81% $4,039
CMG MORTGAGE, INC. 2 3.38% $3,533
FirstBank 2 3.12% $1,894
GSF Mortgage Corporation 2 3.25% $7,848
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 3.13% $3,961
MANN FINANCIAL INC. 2 3.06% $3,378
MEGASTAR FINANCIAL CORP. 2 3.19% $2,929
Mortgages Unlimited Inc. 2 2.94% $5,622
Nations Lending Corporation 2 2.88% $7,548
Paramount Residential Mortgage Group, Inc. 2 3.56% $3,984
PENTAGON FEDERAL CREDIT UNION 2 3.13% $1,571
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.75% $4,683
Royal Credit Union 2 2.88% $0
SHAREPOINT CREDIT UNION 2 3.19% $3,032
Heritage Bank 1 2.63% $4,261
Meridian Bank Corporation 1 3.00% $2,621
MILEND, INC. 1 3.13% $5,200
UNION HOME MORTGAGE CORP. 1 2.75% $5,598
MOVEMENT MORTGAGE, LLC 1 3.44% $3,243
GUILD MORTGAGE COMPANY 1 3.50% $5,951
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.50% $4,990
Bank Midwest 1 3.00% $3,600
GUARANTY HOME MORTGAGE CORPORATION 1 3.50% $3,139
GENEVA FINANCIAL, LLC 1 3.50% $4,921
ARC HOME LLC 1 2.75% $6,064
Gate City Bank 1 2.50% $4,429
AmeriHome Mortgage Company, LLC 1 3.50% $3,002
First Internet Bank of Indiana 1 2.88% $3,280
First Federal Bank 1 3.00% $2,835
Alliance Bank 1 3.63% $3,124
EVERETT FINANCIAL, INC. 1 3.25% $2,202
Discover Bank 1 4.25% $0
Citizens Bank Minnesota 1 3.00% $5,364
WESTconsin Credit Union 1 3.00% $2,393
RUOFF MORTGAGE COMPANY, INC. 1 3.50% $3,285
CHERRY CREEK MORTGAGE, LLC 1 2.75% $770
ACADEMY MORTGAGE CORPORATION 1 2.88% $3,347
CENTRAL MINNESOTA Credit Union 1 3.00% $2,784
STEARNS LENDING, LLC 1 3.25% $2,039
Baxter Credit Union 1 3.50% $3,322
The Federal Savings Bank 1 3.38% $2,753
Think Mutual Bank 1 2.88% $3,899
TOPLINE FEDERAL CREDIT UNION 1 3.13% $2,480
TOTAL MORTGAGE SERVICES, LLC 1 2.74% $842
KS StateBank 1 3.00% $2,407
Lake Area Bank 1 3.50% $2,959
KELLER MORTGAGE, LLC 1 3.25% $2,260
Liberty Bank Minnesota 1 2.88% $2,262
LIBERTY HOME MORTGAGE CORPORATION 1 3.75% $3,745
InterContinental Capital Group, Inc 1 3.49% $2,993
BankVista 1 2.50% $3,554
HOMESTEAD FUNDING CORP. 1 3.00% $3,130
Bank of America 1 3.00% $3,652

Hutchinson, MN's 105 lenders originated 1,672 loans during 2021. The total origination value was $328,120,000, with an average loan value of $196,244.

The top Hutchinson lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 107 loans originated. Their average total fees are $4,493, which is $4 higher than the next largest lender, CORTRUST MORTGAGE, INC..

The lowest fee Hutchinson lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($1,785), Old National Bank ($2,735), U.S. Bank ($2,961), Wells Fargo Bank ($3,064) and BROKER SOLUTIONS, INC. ($3,483).

The lowest rate Hutchinson lenders (with over 10 loans originated) are CORTRUST MORTGAGE, INC. (2.74%), UNITED WHOLESALE MORTGAGE, LLC (3.01%), Old National Bank (3.01%), Bell Bank (3.04%) and QUICKEN LOANS, LLC (3.08%).

Hutchinson, 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
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $27,995,000 $31,505,000 12.5% 9.6%
CORTRUST MORTGAGE, INC. $28,710,000 $30,625,000 6.7% 9.3%
QUICKEN LOANS, LLC $21,575,000 $20,385,000 -5.5% 6.2%
UNITED WHOLESALE MORTGAGE, LLC $11,535,000 $15,115,000 31.0% 4.6%
BROKER SOLUTIONS, INC. $15,650,000 $13,385,000 -14.5% 4.1%
SOUTHPOINT FINANCIAL $11,480,000 $13,370,000 16.5% 4.1%
WINGS FINANCIAL $13,845,000 $13,195,000 -4.7% 4.0%
Wells Fargo Bank $8,190,000 $12,135,000 48.2% 3.7%
FREEDOM MORTGAGE CORPORATION $11,690,000 $12,130,000 3.8% 3.7%
Bell Bank $4,605,000 $6,855,000 48.9% 2.1%
CROSSCOUNTRY MORTGAGE, LLC $3,570,000 $6,560,000 83.8% 2.0%
PENNYMAC LOAN SERVICES, LLC $2,935,000 $5,875,000 100.2% 1.8%
LOANDEPOT.COM, LLC $3,815,000 $5,085,000 33.3% 1.5%
Old National Bank $3,395,000 $5,060,000 49.0% 1.5%
U.S. Bank $5,260,000 $4,960,000 -5.7% 1.5%
BAY EQUITY LLC $2,860,000 $4,920,000 72.0% 1.5%
Bridgewater Bank $2,055,000 $4,765,000 131.9% 1.5%
Servion, Inc. $3,125,000 $4,620,000 47.8% 1.4%
CENTRAL MINNESOTA Credit Union $185,000 $4,240,000 2,191.9% 1.3%
Flagstar Bank, FSB $2,770,000 $4,200,000 51.6% 1.3%
Prosperity Home Mortgage, LLC $4,030,000 $4,045,000 0.4% 1.2%
LAKEVIEW LOAN SERVICING, LLC $2,395,000 $3,695,000 54.3% 1.1%
Summit Mortgage Corporation $2,400,000 $3,335,000 39.0% 1.0%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,460,000 $3,170,000 117.1% 1.0%
Mr. Cooper ( Nationstar Mortgage ) $2,990,000 $3,130,000 4.7% 1.0%
CALIBER HOME LOANS, INC. $1,875,000 $3,035,000 61.9% 0.9%
HomeTown Bank $7,305,000 $2,935,000 -59.8% 0.9%
NOVATION CREDIT UNION $1,180,000 $2,740,000 132.2% 0.8%
NEWREZ LLC $1,890,000 $2,685,000 42.1% 0.8%
HOME POINT FINANCIAL CORPORATION $2,340,000 $2,565,000 9.6% 0.8%
Bremer Bank $3,280,000 $2,440,000 -25.6% 0.7%
Merchants Bank $2,140,000 $2,395,000 11.9% 0.7%
Mortgage Research Center, LLC $1,755,000 $2,260,000 28.8% 0.7%
GUARANTEED RATE, INC. $1,730,000 $2,235,000 29.2% 0.7%
First Savings Bank $1,380,000 $2,210,000 60.1% 0.7%
AMERISAVE MORTGAGE CORPORATION $1,630,000 $2,035,000 24.8% 0.6%
Frandsen Bank & Trust $2,280,000 $1,840,000 -19.3% 0.6%
RESULTS MORTGAGE, LLC $1,005,000 $1,725,000 71.6% 0.5%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $760,000 $1,670,000 119.7% 0.5%
Waterstone Mortgage Corporation $1,470,000 $1,645,000 11.9% 0.5%
CorTrust Bank $205,000 $1,605,000 682.9% 0.5%
PLAZA HOME MORTGAGE, INC. $710,000 $1,590,000 123.9% 0.5%
Alerus Financial $1,860,000 $1,545,000 -16.9% 0.5%
GUARANTEED RATE AFFINITY, LLC $1,495,000 $1,515,000 1.3% 0.5%
Plains Commerce Bank $1,800,000 $1,480,000 -17.8% 0.5%
AFFINITY PLUS $1,950,000 $1,460,000 -25.1% 0.4%
Bank of the West $225,000 $1,375,000 511.1% 0.4%
JPMorgan Chase Bank $1,550,000 $1,365,000 -11.9% 0.4%
Paramount Residential Mortgage Group, Inc. $225,000 $1,185,000 426.7% 0.4%
COMPEER FINANCIAL, FLCA $5,010,000 $1,150,000 -77.0% 0.4%
BETTER MORTGAGE CORPORATION $1,085,000 n/a 0.3%
USAA Federal Savings Bank $660,000 $1,080,000 63.6% 0.3%
NEW DAY FINANCIAL, LLC $840,000 $1,070,000 27.4% 0.3%
GUILD MORTGAGE COMPANY $115,000 $1,035,000 800.0% 0.3%
Mortgages Unlimited Inc. $2,300,000 $1,005,000 -56.3% 0.3%
LEADERONE FINANCIAL CORPORATION $2,025,000 $990,000 -51.1% 0.3%
Cambria Financial Group, LLC $1,070,000 $980,000 -8.4% 0.3%
Goldwater Bank, N.A. $285,000 $940,000 229.8% 0.3%
Carrington Mortgage Services, LLC $1,115,000 $935,000 -16.1% 0.3%
Tradition Mortgage, LLC $205,000 $900,000 339.0% 0.3%
Lake Area Bank $310,000 $890,000 187.1% 0.3%
Dairy State Bank $765,000 n/a 0.2%
GSF Mortgage Corporation $410,000 $760,000 85.4% 0.2%
KELLER MORTGAGE, LLC $895,000 $755,000 -15.6% 0.2%
Manufacturers and Traders Trust Company $95,000 $745,000 684.2% 0.2%
American Mortgage & Equity Consultants, Inc. $1,140,000 $715,000 -37.3% 0.2%
MidWestOne Bank $705,000 n/a 0.2%
BankVista $660,000 n/a 0.2%
AXIA FINANCIAL, LLC $1,340,000 $650,000 -51.5% 0.2%
CMG MORTGAGE, INC. $175,000 $645,000 268.6% 0.2%
First Federal Bank $645,000 n/a 0.2%
Citizens Bank Minnesota $245,000 $635,000 159.2% 0.2%
Lend Smart Mortgage, LLC $890,000 $625,000 -29.8% 0.2%
FirstBank $105,000 $600,000 471.4% 0.2%
Chicago Mortgage Solutions LLC $580,000 n/a 0.2%
21ST MORTGAGE CORPORATION $65,000 $570,000 776.9% 0.2%
Barrington Bank & Trust Company, N.A. $1,095,000 $570,000 -47.9% 0.2%
HANCOCK MORTGAGE PARTNERS, LLC $570,000 n/a 0.2%
Associated Bank $345,000 $565,000 63.8% 0.2%
InterContinental Capital Group, Inc $225,000 $535,000 137.8% 0.2%
Bank of England $430,000 $520,000 20.9% 0.2%
HOMEOWNERS FINANCIAL GROUP USA, LLC $370,000 $515,000 39.2% 0.2%
SHAREPOINT CREDIT UNION $495,000 n/a 0.2%
SPIRE Credit Union $370,000 $490,000 32.4% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $550,000 $470,000 -14.5% 0.1%
PNC Bank $95,000 $450,000 373.7% 0.1%
UNION HOME MORTGAGE CORP. $445,000 n/a 0.1%
First Guaranty Mortgage Corporation $280,000 $440,000 57.1% 0.1%
Florida Capital Bank $750,000 $435,000 -42.0% 0.1%
Citizens Alliance Bank $225,000 $430,000 91.1% 0.1%
Nations Lending Corporation $420,000 n/a 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $405,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $135,000 $400,000 196.3% 0.1%
HOMESTEAD FUNDING CORP. $385,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $380,000 n/a 0.1%
ENVOY MORTGAGE, LTD $205,000 $380,000 85.4% 0.1%
ZILLOW HOME LOANS, LLC $375,000 n/a 0.1%
Alliance Bank $360,000 n/a 0.1%
MEGASTAR FINANCIAL CORP. $1,530,000 $360,000 -76.5% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $420,000 $350,000 -16.7% 0.1%
PENTAGON FEDERAL CREDIT UNION $340,000 n/a 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $235,000 $340,000 44.7% 0.1%
CHURCHILL MORTGAGE CORPORATION $335,000 n/a 0.1%
MANN FINANCIAL INC. $370,000 $330,000 -10.8% 0.1%
CHERRY CREEK MORTGAGE, LLC $325,000 n/a 0.1%
KS StateBank $155,000 $325,000 109.7% 0.1%
IOWA BANKERS MORTGAGE CORPORATION $85,000 $320,000 276.5% 0.1%
NAVY FEDERAL CREDIT UNION $135,000 $310,000 129.6% 0.1%
Think Mutual Bank $935,000 $310,000 -66.8% 0.1%
First Internet Bank of Indiana $305,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $225,000 $300,000 33.3% 0.1%
Royal Credit Union $2,080,000 $300,000 -85.6% 0.1%
Bank of America $880,000 $290,000 -67.0% 0.1%
MID AMERICA MORTGAGE, INC. $205,000 $265,000 29.3% 0.1%
Heritage Bank $335,000 $255,000 -23.9% 0.1%
ACCELERATE MORTGAGE, LLC $245,000 n/a 0.1%
Bank Midwest $245,000 n/a 0.1%
EVERETT FINANCIAL, INC. $5,040,000 $245,000 -95.1% 0.1%
Hometown Lenders, Inc. $245,000 n/a 0.1%
MILEND, INC. $345,000 $245,000 -29.0% 0.1%
TOPLINE FEDERAL CREDIT UNION $245,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $110,000 $220,000 100.0% 0.1%
GENEVA FINANCIAL, LLC $465,000 $205,000 -55.9% 0.1%
Discover Bank $55,000 $200,000 263.6% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $195,000 n/a 0.1%
The Federal Savings Bank $450,000 $195,000 -56.7% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $1,165,000 $190,000 -83.7% 0.1%
ARC HOME LLC $185,000 n/a 0.1%
ACADEMY MORTGAGE CORPORATION $175,000 n/a 0.1%
Gate City Bank $400,000 $175,000 -56.3% 0.1%
STEARNS LENDING, LLC $155,000 $175,000 12.9% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $450,000 $175,000 -61.1% 0.1%
Auto Club Trust, FSB $165,000 n/a 0.1%
Baxter Credit Union $760,000 $165,000 -78.3% 0.1%
HOMESIDE FINANCIAL, LLC $210,000 $165,000 -21.4% 0.1%
Ixonia Bank $165,000 n/a 0.1%
Liberty Bank Minnesota $165,000 n/a 0.1%
Low VA Rates, LLC $185,000 $165,000 -10.8% 0.1%
AmeriHome Mortgage Company, LLC $125,000 $155,000 24.0% 0.0%
NATIONS RELIABLE LENDING, LLC $175,000 $155,000 -11.4% 0.0%
WESTconsin Credit Union $155,000 n/a 0.0%
REVERSE MORTGAGE FUNDING LLC $135,000 n/a 0.0%
TOTAL MORTGAGE SERVICES, LLC $135,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $135,000 $130,000 -3.7% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $165,000 $125,000 -24.2% 0.0%
Meridian Bank Corporation $125,000 n/a 0.0%
First National Bank $115,000 n/a 0.0%
Roundbank $115,000 n/a 0.0%
GUARANTY HOME MORTGAGE CORPORATION $105,000 n/a 0.0%
RELIANCE FIRST CAPITAL, LLC $105,000 $105,000 0.0% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $95,000 n/a 0.0%
AMERICAN ADVISORS GROUP $90,000 n/a 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $330,000 $85,000 -74.2% 0.0%
RUOFF MORTGAGE COMPANY, INC. $85,000 n/a 0.0%
Great Southern Bank $70,000 n/a 0.0%
American Bank of the North $215,000 $65,000 -69.8% 0.0%
SPRING EQ, LLC $85,000 $55,000 -35.3% 0.0%
BMO Harris Bank $25,000 n/a 0.0%
The Huntington National Bank $25,000 n/a 0.0%
First Western Bank & Trust $250,000 $15,000 -94.0% 0.0%

Hutchinson's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 9.6% market share. In second place, with 9.3%, is CORTRUST MORTGAGE, INC., having originated $30,625,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $20,385,000 in loans. In third place, with 4.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $15,115,000 in loans. In third place, with 4.1%, is BROKER SOLUTIONS, INC., having originated $13,385,000 in loans.


Hutchinson, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 681 $127,545,000 $187,291
Home Purchase 567 $128,145,000 $226,005
Cash Out Refi 361 $63,735,000 $176,551
Home Improvement 34 $6,380,000 $187,647
Other 29 $2,315,000 $79,828

Hutchinson's most frequently cited loan purpose was Refi, with 681 originations. The 2nd most popular reason was Home Purchase, with 567 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 642 $122,740,000 $191,184
3-4% 541 $118,785,000 $219,566
<2.5% 348 $60,470,000 $173,764
4-5% 29 $4,185,000 $144,310
5-6% 8 $240,000 $30,000
6-7% 4 $180,000 $45,000
7-8% 4 $420,000 $105,000
Over 8% 2 $150,000 $75,000

During 2021, Hutchinson's most frequently originated rate bucket was 2.5-3%, with 642 originations.

Loan Sizing (Hutchinson, MN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 850 $128,510,000 $151,188
$200k-400k 555 $145,255,000 $261,721
$100,000 or less 225 $15,015,000 $66,733
$400k-600k 34 $15,530,000 $456,765
$Over $1MM 6 $22,340,000 $3,723,333
$600k-1000k 2 $1,470,000 $735,000

Hutchinson's loan sizing saw the bucket of loans from $100k-200k with 850 originations, totaling $128,510,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 590 $131,470,000 $222,831
60-80% 544 $113,160,000 $208,015
40-60% 226 $33,080,000 $146,372
20-40% 68 $10,030,000 $147,500
Under 20% 61 $2,385,000 $39,098
Over 100% 11 $3,105,000 $282,273

Hutchinson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 590 originations, totaling $131,470,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Hutchinson (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 $183,450 (4.3%) $196,099 (-1.7%) 0.00 69
2018-02-01 $179,900 (-1.2%) $203,740 (-1.3%) 0.00 68
2018-03-01 $202,900 (8.3%) $217,164 (7.3%) 0.00 60
2018-04-01 $192,900 (13.5%) $218,530 (9.7%) 0.00 57
2018-05-01 $204,950 (18.9%) $223,340 (12.6%) 0.00 66
2018-06-01 $202,900 (11.0%) $234,354 (13.1%) 0.00 85
2018-07-01 $202,950 (14.4%) $229,032 (13.6%) 0.00 98
2018-08-01 $209,950 (17.0%) $224,111 (11.1%) 0.00 97
2018-09-01 $209,900 (23.5%) $221,999 (14.0%) 0.00 104
2018-10-01 $187,450 (3.6%) $221,065 (10.9%) 0.00 113
2018-11-01 $187,450 (5.7%) $218,070 (12.6%) 0.00 112
2018-12-01 $184,950 (5.7%) $216,739 (12.3%) 0.00 90
2019-01-01 $199,900 (9.0%) $214,507 (9.4%) 0.00 79
2019-02-01 $189,900 (5.6%) $224,089 (10.0%) 0.00 71
2019-03-01 $204,900 (1.0%) $229,672 (5.8%) 0.00 69
2019-04-01 $220,950 (14.5%) $234,118 (7.1%) 0.00 83
2019-05-01 $234,900 (14.6%) $247,050 (10.6%) 0.00 92
2019-06-01 $229,900 (13.3%) $239,993 (2.4%) 0.00 116
2019-07-01 $227,400 (12.1%) $240,199 (4.9%) 0.00 122
2019-08-01 $228,471 (8.8%) $243,871 (8.8%) 0.00 133
2019-09-01 $226,971 (8.1%) $247,830 (11.6%) 0.00 134
2019-10-01 $215,950 (15.2%) $240,255 (8.7%) 0.00 125
2019-11-01 $239,000 (27.5%) $243,836 (11.8%) 0.00 116
2019-12-01 $239,900 (29.7%) $250,958 (15.8%) 0.00 91
2020-01-01 $239,350 (19.7%) $249,219 (16.2%) 0.00 86
2020-02-01 $244,900 (29.0%) $248,446 (10.9%) 0.00 81
2020-03-01 $238,550 (16.4%) $241,740 (5.3%) 0.00 71
2020-04-01 $229,900 (4.1%) $244,149 (4.3%) 0.00 70
2020-05-01 $236,000 (0.5%) $250,518 (1.4%) 0.00 77
2020-06-01 $229,450 (-0.2%) $255,962 (6.7%) 0.00 82
2020-07-01 $229,950 (1.1%) $263,164 (9.6%) 0.00 72
2020-08-01 $229,900 (0.6%) $266,236 (9.2%) 0.00 66
2020-09-01 $229,900 (1.3%) $261,566 (5.5%) 0.00 63
2020-10-01 $229,900 (6.5%) $253,077 (5.3%) 0.00 51
2020-11-01 $225,000 (-5.9%) $252,339 (3.5%) 0.00 38
2020-12-01 $219,950 (-8.3%) $250,470 (-0.2%) 0.00 31
2021-01-01 $249,999 (4.5%) $272,077 (9.2%) 0.00 30
2021-02-01 $239,950 (-2.0%) $246,768 (-0.7%) 0.00 26
2021-03-01 $253,450 (6.3%) $278,142 (15.1%) 0.00 28
2021-04-01 $270,218 (17.5%) $290,760 (19.1%) 0.00 39
2021-05-01 $259,900 (10.1%) $265,483 (6.0%) 0.00 30
2021-06-01 $269,450 (17.4%) $273,746 (7.0%) 0.00 36
2021-07-01 $252,450 (9.8%) $297,953 (13.2%) 0.00 41
2021-08-01 $269,900 (17.4%) $328,036 (23.2%) 0.00 48
2021-09-01 $254,900 (10.9%) $318,354 (21.7%) 0.00 67
2021-10-01 $264,900 (15.2%) $313,756 (24.0%) 0.00 60
2021-11-01 $259,900 (15.5%) $318,804 (26.3%) 0.00 54
2021-12-01 $257,200 (16.9%) $311,880 (24.5%) 0.00 38
2022-01-01 $269,900 (8.0%) $283,345 (4.1%) 0.00 31
2022-02-01 $280,000 (16.7%) $338,744 (37.3%) 0.00 26
2022-03-01 $272,200 (7.4%) $340,915 (22.6%) 0.00 24
2022-04-01 $299,900 (11.0%) $349,409 (20.2%) 0.00 30
2022-05-01 $310,000 (19.3%) $362,239 (36.5%) 0.00 37
2022-06-01 $315,000 (16.9%) $364,868 (33.3%) 0.00 42
Hutchinson's median listing price for 2022-06-01 was $315,000, a difference of $45,550 (16.9%) versus the prior year and $5,000 versus the prior month.

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

Hutchinson's average listing price for 2022-06-01 was $364,868, a difference of $91,122 (33.3%) versus the prior year and $2,629 versus the prior month.

For the 2022-06-01 period, Hutchinson had 42 MLS listings, a difference of 5 listings (14%) versus the prior month and 6 listings (17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Hutchinson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,765 sqft
2018-02-01 0 days 1,834 sqft
2018-03-01 0 days 1,889 sqft
2018-04-01 0 days 1,855 sqft
2018-05-01 0 days 1,896 sqft
2018-06-01 0 days 2,034 sqft
2018-07-01 0 days 1,893 sqft
2018-08-01 0 days 1,968 sqft
2018-09-01 0 days 2,020 sqft
2018-10-01 0 days 2,020 sqft
2018-11-01 0 days 2,043 sqft
2018-12-01 0 days 1,878 sqft
2019-01-01 0 days 1,851 sqft
2019-02-01 0 days 1,933 sqft
2019-03-01 0 days 1,918 sqft
2019-04-01 0 days 1,934 sqft
2019-05-01 0 days 1,897 sqft
2019-06-01 0 days 1,940 sqft
2019-07-01 0 days 1,950 sqft
2019-08-01 0 days 1,940 sqft
2019-09-01 0 days 1,932 sqft
2019-10-01 0 days 1,872 sqft
2019-11-01 0 days 1,960 sqft
2019-12-01 0 days 2,088 sqft
2020-01-01 0 days 2,019 sqft
2020-02-01 0 days 2,019 sqft
2020-03-01 0 days 1,978 sqft
2020-04-01 0 days 1,955 sqft
2020-05-01 0 days 1,980 sqft
2020-06-01 0 days 1,989 sqft
2020-07-01 0 days 2,008 sqft
2020-08-01 0 days 1,888 sqft
2020-09-01 0 days 1,811 sqft
2020-10-01 0 days 1,915 sqft
2020-11-01 0 days 2,058 sqft
2020-12-01 0 days 2,017 sqft
2021-01-01 0 days 1,887 sqft
2021-02-01 0 days 1,615 sqft
2021-03-01 0 days 1,978 sqft
2021-04-01 0 days 1,847 sqft
2021-05-01 0 days 1,768 sqft
2021-06-01 0 days 1,813 sqft
2021-07-01 0 days 1,690 sqft
2021-08-01 0 days 1,879 sqft
2021-09-01 0 days 1,850 sqft
2021-10-01 0 days 1,872 sqft
2021-11-01 0 days 1,925 sqft
2021-12-01 0 days 1,864 sqft
2022-01-01 0 days 1,678 sqft
2022-02-01 0 days 2,391 sqft
2022-03-01 0 days 2,252 sqft
2022-04-01 0 days 2,456 sqft
2022-05-01 0 days 2,100 sqft
2022-06-01 0 days 2,083 sqft
Hutchinson's median listing age (time on market) for 2022-06-01 was 0 days.

Hutchinson's median square footage for active listings during the 2022-06-01 period was 2,083 sqft. One year prior, the average listing was 1,813 sqft.