Hutchinson Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Hutchinson averaged 6.85% for the week of 2024-06-13, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-06) was 7.19% and one month ago for the week of 2024-05-09, the average rate was 7.19%.

Hutchinson's average rate one year ago was 6.51%.

For refis of the same type during the week of 2024-06-13, the average rate was 7.15%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-13 6.95%
Hutchinson 30 Year Fixed Rate 2024-06-13 6.85%
Hutchinson 30 Year Fixed Rate Refi 2024-06-13 7.15%
Hutchinson 15 Year Fixed Rate 2024-06-13 5.97%
Hutchinson 15 Year Fixed Rate Refi 2024-06-13 6.27%
Hutchinson 30 Year FHA 2024-06-13 6.81%
Hutchinson 30 Year FHA Refi 2024-06-13 6.81%
Hutchinson 30 Year USDA 2024-06-13 6.91%
Hutchinson 30 Year USDA Refi 2024-06-13 6.71%
Hutchinson 30 Year VA 2024-06-13 6.22%
Hutchinson 30 Year VA Refi 2024-06-13 6.22%
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 lender, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CORTRUST MORTGAGE, INC. 37 6.52% $6,216
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 6.71% $7,260
Summit Mortgage Corporation 22 6.91% $5,561
UNITED WHOLESALE MORTGAGE, LLC 17 7.13% $5,545
QUICKEN LOANS, LLC 15 6.72% $8,283
Servion, Inc. 10 6.75% $4,955
CROSSCOUNTRY MORTGAGE, LLC 10 6.79% $6,386
Bell Bank 10 7.02% $5,613
Prosperity Home Mortgage, LLC 8 6.66% $4,901
BAY EQUITY LLC 6 6.79% $5,228
BROKER SOLUTIONS, INC. 6 7.12% $6,723
Wells Fargo Bank 6 7.06% $5,485
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 7.20% $4,919
PENNYMAC LOAN SERVICES, LLC 5 6.75% $5,134
Barrington Bank & Trust Company, N.A. 4 6.59% $4,965
U.S. Bank 4 6.50% $4,647
Bremer Bank 4 6.53% $6,939
Mr. Cooper ( Nationstar Mortgage ) 3 6.71% $8,651
GUARANTEED RATE, INC. 3 6.03% $7,756
CRESCENT MORTGAGE COMPANY 3 7.38% $4,311
Flagstar Bank, FSB 3 7.12% $6,657
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 3 6.37% $3,905
Royal Credit Union 2 8.19% $8,786
Neighborhood Loans, Inc. 2 6.69% $6,794
NEWREZ LLC 2 7.25% $5,953
Old National Bank 2 6.81% $3,786
COMPEER FINANCIAL, FLCA 2 7.75% $3,806
TOPLINE FEDERAL CREDIT UNION 2 5.88% $4,783
First Savings Bank 2 6.81% $4,237
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.88% $8,929
Bank of England 2 6.69% $6,084
WINGS FINANCIAL 1 7.25% $3,282
American Mortgage & Equity Consultants, Inc. 1 7.13% $5,432
AMERITRUST MORTGAGE CORPORATION 1 7.13% $5,326
AXIA FINANCIAL, LLC 1 6.25% $7,515
Cambria Financial Group, LLC 1 6.50% $4,455
CENTRAL MINNESOTA Credit Union 1 6.63% $3,458
Citizens Bank Minnesota 1 5.50% $4,510
Deere Employees Credit Union 1 6.50% $3,590
Discover Bank 1 6.99% $0
DRAPER AND KRAMER MORTGAGE CORP. 1 7.25% $5,049
EVERETT FINANCIAL, INC. 1 6.38% $4,363
First Bank & Trust 1 5.75% $8,230
First National Bank of America 1 8.88% $7,164
Frandsen Bank & Trust 1 8.17% $5,508
FREEDOM MORTGAGE CORPORATION 1 6.75% $5,039
IOWA BANKERS MORTGAGE CORPORATION 1 6.38% $3,421
Ixonia Bank 1 7.25% $3,939
MOVEMENT MORTGAGE, LLC 1 6.88% $7,362
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.88% $5,385
Nations Lending Corporation 1 7.88% $4,253
Nicolet National Bank 1 6.75% $3,672
Northpointe Bank 1 6.63% $4,277
Northview Bank 1 7.13% $4,937
SIRVA MORTGAGE, INC. 1 7.88% $0
SUPERIOR CHOICE 1 6.19% $7,015
The Huntington National Bank 1 7.25% $11,541
Tradition Mortgage, LLC 1 5.88% $2,780
Alerus Financial 1 6.38% $2,785

Hutchinson Average Closing Costs & Other Stats

Hutchinson, MN's 59 lenders originated 652 loans during 2023. The total origination value was $145,220,000, with an average loan value of $222,730.

Hutchinson's average closing costs are $4,916.

The top Hutchinson lender as defined by loan originations is CORTRUST MORTGAGE, INC., with 37 loans originated. Their average total fees are $6,216, which is $1,044 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Hutchinson lenders (with over 10 loans originated) are Servion, Inc. ($4,955), UNITED WHOLESALE MORTGAGE, LLC ($5,545), Summit Mortgage Corporation ($5,561), Bell Bank ($5,613) and CORTRUST MORTGAGE, INC. ($6,216).

The lowest rate Hutchinson lenders (with over 10 loans originated) are CORTRUST MORTGAGE, INC. (6.52%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.71%), QUICKEN LOANS, LLC (6.72%), Servion, Inc. (6.75%) and CROSSCOUNTRY MORTGAGE, LLC (6.79%).

Hutchinson, MN 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
GREYSTONE FUNDING COMPANY LLC $13,635,000 n/a 9.4%
UNITED WHOLESALE MORTGAGE, LLC $10,265,000 $10,845,000 5.7% 7.5%
CORTRUST MORTGAGE, INC. $11,995,000 $10,490,000 -12.5% 7.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $12,310,000 $8,085,000 -34.3% 5.6%
Summit Mortgage Corporation $6,390,000 $7,870,000 23.2% 5.4%
QUICKEN LOANS, LLC $8,285,000 $6,295,000 -24.0% 4.3%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $6,005,000 n/a 4.1%
BROKER SOLUTIONS, INC. $8,425,000 $4,490,000 -46.7% 3.1%
Bell Bank $5,130,000 $4,260,000 -17.0% 2.9%
Prosperity Home Mortgage, LLC $3,035,000 $3,685,000 21.4% 2.5%
CROSSCOUNTRY MORTGAGE, LLC $3,780,000 $3,595,000 -4.9% 2.5%
Security Bank & Trust Company $3,430,000 n/a 2.4%
CorTrust Bank $2,545,000 $3,390,000 33.2% 2.3%
SOUTHPOINT FINANCIAL $1,955,000 $3,340,000 70.8% 2.3%
Bridgewater Bank $2,900,000 n/a 2.0%
U.S. Bank $3,015,000 $2,425,000 -19.6% 1.7%
PENNYMAC LOAN SERVICES, LLC $4,050,000 $2,395,000 -40.9% 1.6%
Mortgage Research Center, LLC $2,120,000 $2,225,000 5.0% 1.5%
BAY EQUITY LLC $1,025,000 $2,080,000 102.9% 1.4%
Servion, Inc. $2,250,000 $2,020,000 -10.2% 1.4%
Bremer Bank $1,535,000 $1,625,000 5.9% 1.1%
Wells Fargo Bank $4,885,000 $1,585,000 -67.6% 1.1%
Old National Bank $3,095,000 $1,495,000 -51.7% 1.0%
The Huntington National Bank $400,000 $1,455,000 263.8% 1.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,190,000 $1,270,000 6.7% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $1,085,000 $1,210,000 11.5% 0.8%
GUARANTEED RATE, INC. $1,360,000 $1,115,000 -18.0% 0.8%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,035,000 n/a 0.7%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $2,250,000 $985,000 -56.2% 0.7%
NOVATION CREDIT UNION $1,525,000 $975,000 -36.1% 0.7%
LOANDEPOT.COM, LLC $1,660,000 $895,000 -46.1% 0.6%
Barrington Bank & Trust Company, N.A. $890,000 n/a 0.6%
Flagstar Bank, FSB $2,015,000 $875,000 -56.6% 0.6%
Center National Bank $350,000 $850,000 142.9% 0.6%
MOVEMENT MORTGAGE, LLC $205,000 $825,000 302.4% 0.6%
Bank of England $675,000 $765,000 13.3% 0.5%
LAKEVIEW LOAN SERVICING, LLC $1,225,000 $745,000 -39.2% 0.5%
Flagship Banks Minnesota $1,960,000 $725,000 -63.0% 0.5%
Associated Bank $425,000 $715,000 68.2% 0.5%
NEW DAY FINANCIAL, LLC $145,000 $700,000 382.8% 0.5%
HomeTown Bank $930,000 $655,000 -29.6% 0.5%
EVERETT FINANCIAL, INC. $1,845,000 $640,000 -65.3% 0.4%
COMPEER FINANCIAL, FLCA $1,735,000 $620,000 -64.3% 0.4%
SIRVA MORTGAGE, INC. $285,000 $610,000 114.0% 0.4%
Discover Bank $100,000 $590,000 490.0% 0.4%
CRESCENT MORTGAGE COMPANY $585,000 n/a 0.4%
Royal Credit Union $660,000 $585,000 -11.4% 0.4%
TOPLINE FEDERAL CREDIT UNION $280,000 $540,000 92.9% 0.4%
Kensington Bank $490,000 n/a 0.3%
Neighborhood Loans, Inc. $490,000 n/a 0.3%
NEWREZ LLC $1,260,000 $480,000 -61.9% 0.3%
MID AMERICA MORTGAGE, INC. $460,000 n/a 0.3%
SPIRE Credit Union $305,000 $445,000 45.9% 0.3%
FREEDOM MORTGAGE CORPORATION $2,450,000 $440,000 -82.0% 0.3%
American Mortgage & Equity Consultants, Inc. $955,000 $380,000 -60.2% 0.3%
MORTGAGE SOLUTIONS OF COLORADO, LLC $165,000 $375,000 127.3% 0.3%
AXIA FINANCIAL, LLC $145,000 $370,000 155.2% 0.3%
ACHIEVA CREDIT UNION $365,000 n/a 0.3%
First Bank & Trust $165,000 $360,000 118.2% 0.2%
Sherburne State Bank $345,000 n/a 0.2%
Cambria Financial Group, LLC $1,500,000 $340,000 -77.3% 0.2%
First Savings Bank $2,125,000 $340,000 -84.0% 0.2%
WINGS FINANCIAL $1,125,000 $340,000 -69.8% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $225,000 $320,000 42.2% 0.2%
SUPERIOR CHOICE $315,000 n/a 0.2%
BANKWEST, INC. $295,000 n/a 0.2%
CENTRAL MINNESOTA Credit Union $285,000 n/a 0.2%
CITY FIRST MORTGAGE SERVICES, L.L.C. $285,000 n/a 0.2%
CHURCHILL MORTGAGE CORPORATION $330,000 $275,000 -16.7% 0.2%
AFFINITY PLUS $415,000 $270,000 -34.9% 0.2%
Alerus Financial $7,120,000 $270,000 -96.2% 0.2%
Northpointe Bank $270,000 n/a 0.2%
Northview Bank $265,000 n/a 0.2%
South Story Bank & Trust $265,000 n/a 0.2%
USAA Federal Savings Bank $580,000 $265,000 -54.3% 0.2%
GSF Mortgage Corporation $195,000 $255,000 30.8% 0.2%
First State Bank of Le Center $250,000 n/a 0.2%
Coastal Community Bank $240,000 n/a 0.2%
Nations Lending Corporation $125,000 $240,000 92.0% 0.2%
AgCountry Farm Credit Services, FLCA $235,000 n/a 0.2%
Frandsen Bank & Trust $35,000 $235,000 571.4% 0.2%
Ixonia Bank $400,000 $235,000 -41.3% 0.2%
Citizens Bank Minnesota $325,000 $230,000 -29.2% 0.2%
IOWA BANKERS MORTGAGE CORPORATION $415,000 $225,000 -45.8% 0.2%
Nicolet National Bank $585,000 $225,000 -61.5% 0.2%
Deere Employees Credit Union $215,000 n/a 0.1%
AMERITRUST MORTGAGE CORPORATION $195,000 n/a 0.1%
Choice Financial Group $195,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $405,000 $190,000 -53.1% 0.1%
First Federal Bank $185,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $285,000 $180,000 -36.8% 0.1%
21ST MORTGAGE CORPORATION $450,000 $175,000 -61.1% 0.1%
First National Bank of America $175,000 n/a 0.1%
CARDINAL FINANCIAL $1,695,000 $165,000 -90.3% 0.1%
The First National Bank of Le Center $165,000 n/a 0.1%
CONTOUR MORTGAGE CORPORATION $155,000 n/a 0.1%
Union State Bank of Fargo $135,000 n/a 0.1%
Deerwood Bank $35,000 $120,000 242.9% 0.1%
AMERISAVE MORTGAGE CORPORATION $740,000 $115,000 -84.5% 0.1%
BankVista $300,000 $105,000 -65.0% 0.1%
Centier Bank $105,000 n/a 0.1%
Tradition Mortgage, LLC $745,000 $95,000 -87.2% 0.1%
HIWAY $320,000 $75,000 -76.6% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $495,000 $75,000 -84.8% 0.1%
South Metro Federal Credit Union $75,000 n/a 0.1%
Bank of America $65,000 n/a 0.0%
Figure Lending LLC $60,000 $60,000 0.0% 0.0%
Carrington Mortgage Services, LLC $875,000 $55,000 -93.7% 0.0%
Connexus Credit Union $55,000 n/a 0.0%
Baxter Credit Union $180,000 $35,000 -80.6% 0.0%
TRIAD FINANCIAL SERVICES, INC. $35,000 n/a 0.0%
Citizens Alliance Bank $665,000 $25,000 -96.2% 0.0%

Hutchinson's top lender by overall market share is GREYSTONE FUNDING COMPANY LLC, with 9.4% market share. In second place, with 7.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $10,845,000 in loans. In third place, with 7.2%, is CORTRUST MORTGAGE, INC., having originated $10,490,000 in loans. In fourth place, with 5.6%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $8,085,000 in loans. In fifth place, with 5.4%, is Summit Mortgage Corporation, having originated $7,870,000 in loans.


Hutchinson Housing Market Trends (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 (9.6%) $196,951 (0.4%) 0.00 69
2018-02-01 $179,900 (-2.1%) $203,128 (0.2%) 0.00 68
2018-03-01 $202,900 (10.0%) $217,164 (8.9%) 0.00 60
2018-04-01 $189,800 (11.7%) $216,940 (10.4%) 0.00 57
2018-05-01 $197,425 (14.5%) $222,967 (13.6%) 0.00 65
2018-06-01 $218,350 (19.0%) $235,513 (14.8%) 0.00 83
2018-07-01 $202,700 (13.4%) $228,635 (13.9%) 0.00 97
2018-08-01 $209,925 (17.3%) $224,212 (10.7%) 0.00 98
2018-09-01 $209,900 (23.5%) $223,603 (15.0%) 0.00 104
2018-10-01 $188,700 (2.5%) $222,034 (10.6%) 0.00 115
2018-11-01 $189,900 (7.4%) $220,650 (13.5%) 0.00 115
2018-12-01 $184,950 (5.7%) $217,612 (12.4%) 0.00 90
2019-01-01 $197,400 (7.6%) $215,309 (9.3%) 0.00 80
2019-02-01 $189,900 (5.6%) $227,036 (11.8%) 0.00 72
2019-03-01 $206,421 (1.7%) $232,376 (7.0%) 0.00 72
2019-04-01 $221,946 (16.9%) $236,543 (9.0%) 0.00 84
2019-05-01 $234,900 (19.0%) $247,466 (11.0%) 0.00 93
2019-06-01 $223,400 (2.3%) $239,993 (1.9%) 0.00 116
2019-07-01 $227,400 (12.2%) $241,054 (5.4%) 0.00 123
2019-08-01 $218,823 (4.2%) $238,388 (6.3%) 0.00 130
2019-09-01 $217,207 (3.5%) $242,156 (8.3%) 0.00 128
2019-10-01 $215,425 (14.2%) $239,227 (7.7%) 0.00 124
2019-11-01 $227,400 (19.8%) $240,783 (9.1%) 0.00 113
2019-12-01 $238,800 (29.1%) $246,600 (13.3%) 0.00 92
2020-01-01 $239,500 (21.3%) $248,992 (15.6%) 0.00 87
2020-02-01 $242,400 (27.7%) $249,114 (9.7%) 0.00 79
2020-03-01 $235,250 (14.0%) $239,697 (3.2%) 0.00 71
2020-04-01 $217,150 (-2.2%) $236,556 (0.0%) 0.00 68
2020-05-01 $229,900 (-2.1%) $244,539 (-1.2%) 0.00 75
2020-06-01 $225,500 (0.9%) $250,589 (4.4%) 0.00 81
2020-07-01 $229,450 (0.9%) $257,613 (6.9%) 0.00 71
2020-08-01 $229,900 (5.1%) $261,136 (9.5%) 0.00 66
2020-09-01 $228,675 (5.3%) $253,609 (4.7%) 0.00 63
2020-10-01 $232,450 (7.9%) $254,861 (6.5%) 0.00 51
2020-11-01 $225,000 (-1.1%) $254,006 (5.5%) 0.00 38
2020-12-01 $219,950 (-7.9%) $247,278 (0.3%) 0.00 31
2021-01-01 $249,950 (4.4%) $270,006 (8.4%) 0.00 30
2021-02-01 $238,700 (-1.5%) $246,379 (-1.1%) 0.00 27
2021-03-01 $251,700 (7.0%) $280,587 (17.1%) 0.00 29
2021-04-01 $262,530 (20.9%) $291,596 (23.3%) 0.00 39
2021-05-01 $256,900 (11.7%) $263,926 (7.9%) 0.00 31
2021-06-01 $267,175 (18.5%) $273,216 (9.0%) 0.00 37
2021-07-01 $253,450 (10.5%) $300,827 (16.8%) 0.00 40
2021-08-01 $272,400 (18.5%) $328,315 (25.7%) 0.00 50
2021-09-01 $255,400 (11.7%) $319,824 (26.1%) 0.00 68
2021-10-01 $264,900 (14.0%) $312,885 (22.8%) 0.00 61
2021-11-01 $259,900 (15.5%) $317,678 (25.1%) 0.00 56
2021-12-01 $256,750 (16.7%) $310,155 (25.4%) 0.00 40
2022-01-01 $259,900 (4.0%) $282,300 (4.6%) 0.00 32
2022-02-01 $278,750 (16.8%) $337,803 (37.1%) 0.00 27
2022-03-01 $272,200 (8.1%) $342,063 (21.9%) 0.00 24
2022-04-01 $299,900 (14.2%) $349,409 (19.8%) 0.00 31
2022-05-01 $305,000 (18.7%) $361,701 (37.1%) 0.00 37
2022-06-01 $312,425 (16.9%) $364,590 (33.4%) 0.00 44
2022-07-01 $314,900 (24.3%) $355,382 (18.1%) 0.00 49
2022-08-01 $297,750 (9.3%) $350,375 (6.7%) 0.00 47
2022-09-01 $258,475 (1.2%) $330,555 (3.4%) 0.00 47
2022-10-01 $249,950 (-5.6%) $314,056 (0.4%) 0.00 56
2022-11-01 $274,450 (5.6%) $315,416 (-0.7%) 0.00 55
2022-12-01 $254,950 (-0.7%) $287,538 (-7.3%) 0.00 40
2023-01-01 $269,900 (3.9%) $283,049 (0.3%) 0.00 37
2023-02-01 $317,400 (13.9%) $325,077 (-3.8%) 0.00 26
2023-03-01 $348,675 (28.1%) $364,525 (6.6%) 0.00 25
2023-04-01 $319,900 (6.7%) $372,292 (6.6%) 0.00 34
2023-05-01 $335,975 (10.2%) $376,697 (4.2%) 0.00 41
2023-06-01 $312,450 (0.0%) $365,181 (0.2%) 0.00 45
2023-07-01 $284,950 (-9.5%) $340,629 (-4.2%) 0.00 44
2023-08-01 $305,000 (2.4%) $344,152 (-1.8%) 0.00 48
2023-09-01 $309,900 (19.9%) $339,476 (2.7%) 0.00 54
2023-10-01 $317,200 (26.9%) $334,304 (6.5%) 0.00 64
2023-11-01 $300,000 (9.3%) $325,145 (3.1%) 0.00 58
2023-12-01 $279,500 (9.6%) $307,714 (7.0%) 0.00 37
2024-01-01 $294,050 (9.0%) $315,069 (11.3%) 0.00 30
2024-02-01 $310,975 (-2.0%) $337,140 (3.7%) 0.00 30
2024-03-01 $339,900 (-2.5%) $345,866 (-5.1%) 0.00 31
2024-04-01 $320,250 (0.1%) $360,010 (-3.3%) 0.00 43
2024-05-01 $344,950 (2.7%) $384,607 (2.1%) 0.00 45
Hutchinson's median listing price for 2024-05-01 was $344,950, a difference of $8,975 (2.7%) versus the prior year and $24,700 versus the prior month.

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

Hutchinson's average listing price for 2024-05-01 was $384,607, a difference of $7,910 (2.1%) versus the prior year and $24,597 versus the prior month.

For the 2024-05-01 period, Hutchinson had 45 MLS listings, a difference of 2 listings (5%) versus the prior month and 4 listings (10%) 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 1,835 sqft
2018-03-01 0 days 1,892 sqft
2018-04-01 0 days 1,859 sqft
2018-05-01 0 days 1,880 sqft
2018-06-01 0 days 2,005 sqft
2018-07-01 0 days 1,892 sqft
2018-08-01 0 days 1,963 sqft
2018-09-01 0 days 2,020 sqft
2018-10-01 0 days 2,020 sqft
2018-11-01 0 days 2,045 sqft
2018-12-01 0 days 1,890 sqft
2019-01-01 0 days 1,856 sqft
2019-02-01 0 days 1,941 sqft
2019-03-01 0 days 1,928 sqft
2019-04-01 0 days 1,936 sqft
2019-05-01 0 days 1,900 sqft
2019-06-01 0 days 1,939 sqft
2019-07-01 0 days 1,950 sqft
2019-08-01 0 days 1,939 sqft
2019-09-01 0 days 1,922 sqft
2019-10-01 0 days 1,907 sqft
2019-11-01 0 days 1,938 sqft
2019-12-01 0 days 2,039 sqft
2020-01-01 0 days 2,001 sqft
2020-02-01 0 days 2,050 sqft
2020-03-01 0 days 1,924 sqft
2020-04-01 0 days 1,873 sqft
2020-05-01 0 days 1,955 sqft
2020-06-01 0 days 1,974 sqft
2020-07-01 0 days 1,972 sqft
2020-08-01 0 days 1,823 sqft
2020-09-01 0 days 1,784 sqft
2020-10-01 0 days 1,885 sqft
2020-11-01 0 days 2,058 sqft
2020-12-01 0 days 1,934 sqft
2021-01-01 0 days 1,886 sqft
2021-02-01 0 days 1,572 sqft
2021-03-01 0 days 1,982 sqft
2021-04-01 0 days 1,845 sqft
2021-05-01 0 days 1,767 sqft
2021-06-01 0 days 1,799 sqft
2021-07-01 0 days 1,646 sqft
2021-08-01 0 days 1,871 sqft
2021-09-01 0 days 1,831 sqft
2021-10-01 0 days 1,872 sqft
2021-11-01 0 days 1,903 sqft
2021-12-01 0 days 1,877 sqft
2022-01-01 0 days 1,706 sqft
2022-02-01 0 days 2,392 sqft
2022-03-01 0 days 2,236 sqft
2022-04-01 0 days 2,424 sqft
2022-05-01 0 days 2,108 sqft
2022-06-01 0 days 2,076 sqft
2022-07-01 0 days 2,068 sqft
2022-08-01 0 days 2,045 sqft
2022-09-01 0 days 1,828 sqft
2022-10-01 0 days 1,799 sqft
2022-11-01 0 days 1,902 sqft
2022-12-01 0 days 1,797 sqft
2023-01-01 0 days 1,686 sqft
2023-02-01 0 days 1,800 sqft
2023-03-01 0 days 2,072 sqft
2023-04-01 0 days 2,161 sqft
2023-05-01 0 days 2,192 sqft
2023-06-01 0 days 2,099 sqft
2023-07-01 0 days 1,833 sqft
2023-08-01 0 days 1,901 sqft
2023-09-01 0 days 2,123 sqft
2023-10-01 0 days 2,008 sqft
2023-11-01 0 days 1,853 sqft
2023-12-01 0 days 1,854 sqft
2024-01-01 0 days 1,719 sqft
2024-02-01 0 days 1,778 sqft
2024-03-01 0 days 1,830 sqft
2024-04-01 0 days 1,834 sqft
2024-05-01 0 days 1,990 sqft
Hutchinson's median listing age (time on market) for 2024-05-01 was 0 days.

Hutchinson's median square footage for active listings during the 2024-05-01 period was 1,990 sqft. One year prior, the average listing was 2,192 sqft.

Hutchinson, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 423 $96,225,000 $227,482
Home Improvement 64 $3,400,000 $53,125
Other 59 $4,445,000 $75,339
Cash Out Refi 57 $11,835,000 $207,632
Refi 48 $23,310,000 $485,625
NA 1 $6,005,000 $6,005,000

Hutchinson's most frequently cited loan purpose was Home Purchase, with 423 originations. The 2nd most popular reason was Home Improvement, with 64 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 266 $60,550,000 $227,632
7-8% 125 $27,085,000 $216,680
Over 8% 69 $5,395,000 $78,188
5-6% 66 $14,790,000 $224,091
<2.5% 9 $395,000 $43,889
4-5% 7 $14,525,000 $2,075,000

During 2023, Hutchinson's most frequently originated rate bucket was 6-7%, with 266 originations.

Loan Sizing (Hutchinson, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 243 $64,915,000 $267,140
$100k-200k 185 $28,515,000 $154,135
$100,000 or less 182 $9,110,000 $50,055
$400k-600k 31 $14,505,000 $467,903
$600k-1000k 6 $4,430,000 $738,333
$Over $1MM 5 $23,745,000 $4,749,000

Hutchinson's loan sizing saw the bucket of loans from $200k-400k with 243 originations, totaling $64,915,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 262 $65,020,000 $248,168
60-80% 108 $28,140,000 $260,556
Under 20% 78 $2,990,000 $38,333
20-40% 55 $4,195,000 $76,273
40-60% 33 $19,905,000 $603,182
Over 100% 7 $2,045,000 $292,143

Hutchinson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 262 originations, totaling $65,020,000 in origination value.