Hutchinson Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hutchinson averaged
6.68%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.61% and
one month ago for the week of 2025-05-15, the
average rate was 6.58%.
Hutchinson's average rate one year ago was 6.82%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.91%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
Hutchinson 30 Year Fixed Rate | 2025-06-18 | 6.68% |
Hutchinson 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
Hutchinson 15 Year Fixed Rate | 2025-06-18 | 5.96% |
Hutchinson 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
Hutchinson 30 Year FHA | 2025-06-18 | 0.1% |
Hutchinson 30 Year FHA Refi | 2025-06-18 | 0% |
Hutchinson 30 Year USDA | 2025-06-18 | 0% |
Hutchinson 30 Year USDA Refi | 2025-06-18 | -0.2% |
Hutchinson 30 Year VA | 2025-06-18 | 0.1% |
Hutchinson 30 Year VA Refi | 2025-06-18 | 0% |
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.).
Hutchinson Average Closing Costs & Other Stats
Hutchinson, MN's 60 lenders originated 646
loans during 2024. The total origination value was $127,870,000, with an average loan value of
$197,941.
Hutchinson's average closing costs are $5,055.
The top Hutchinson lender as defined by loan originations is CORTRUST MORTGAGE, INC., with
52 loans originated. Their average total fees are
$5,505, which is $304
higher than the next largest lender,
Summit Mortgage Corporation.
The lowest fee Hutchinson lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC ($5,122), Summit Mortgage Corporation ($5,202), CORTRUST MORTGAGE, INC. ($5,505), Bell Bank ($5,935) and QUICKEN LOANS, LLC ($6,019).
The lowest rate Hutchinson lenders (with over 10 loans originated) are
CORTRUST MORTGAGE, INC. (6.24%), QUICKEN LOANS, LLC (6.50%), Bell Bank (6.55%), Summit Mortgage Corporation (6.66%) and CROSSCOUNTRY MORTGAGE, LLC (6.73%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
---|---|---|---|---|
CORTRUST MORTGAGE, INC. | $10,490,000 | $15,190,000 | 44.8% | 11.9% |
Security Bank & Trust Company | $3,430,000 | $10,660,000 | 210.8% | 8.3% |
UNITED WHOLESALE MORTGAGE, LLC | $10,845,000 | $8,855,000 | -18.3% | 6.9% |
Summit Mortgage Corporation | $7,870,000 | $7,250,000 | -7.9% | 5.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,085,000 | $7,135,000 | -11.8% | 5.6% |
BROKER SOLUTIONS, INC. | $4,490,000 | $4,665,000 | 3.9% | 3.6% |
Bell Bank | $4,260,000 | $4,255,000 | -0.1% | 3.3% |
QUICKEN LOANS, LLC | $6,295,000 | $3,915,000 | -37.8% | 3.1% |
CROSSCOUNTRY MORTGAGE, LLC | $3,595,000 | $3,220,000 | -10.4% | 2.5% |
SOUTHPOINT FINANCIAL | $3,340,000 | $2,665,000 | -20.2% | 2.1% |
CorTrust Bank | $3,390,000 | $2,575,000 | -24.0% | 2.0% |
PENNYMAC LOAN SERVICES, LLC | $2,395,000 | $2,535,000 | 5.8% | 2.0% |
LOANDEPOT.COM, LLC | $895,000 | $2,190,000 | 144.7% | 1.7% |
Mortgage Research Center, LLC | $2,225,000 | $2,170,000 | -2.5% | 1.7% |
Old National Bank | $1,495,000 | $1,765,000 | 18.1% | 1.4% |
WINGS FINANCIAL | $340,000 | $1,695,000 | 398.5% | 1.3% |
Tradition Mortgage, LLC | $95,000 | $1,645,000 | 1,631.6% | 1.3% |
NOVATION CREDIT UNION | $975,000 | $1,440,000 | 47.7% | 1.1% |
NEWREZ LLC | $480,000 | $1,425,000 | 196.9% | 1.1% |
COMPEER FINANCIAL, FLCA | $620,000 | $1,410,000 | 127.4% | 1.1% |
NEW DAY FINANCIAL, LLC | $700,000 | $1,365,000 | 95.0% | 1.1% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $985,000 | $1,255,000 | 27.4% | 1.0% |
U.S. Bank | $2,425,000 | $1,240,000 | -48.9% | 1.0% |
HomeTown Bank | $655,000 | $1,210,000 | 84.7% | 0.9% |
Prosperity Home Mortgage, LLC | $3,685,000 | $1,145,000 | -68.9% | 0.9% |
American Mortgage & Equity Consultants, Inc. | $380,000 | $1,125,000 | 196.1% | 0.9% |
PREMIER LENDING, INC. | $1,100,000 | n/a | 0.9% | |
PLAZA HOME MORTGAGE, INC. | $1,060,000 | n/a | 0.8% | |
EVERETT FINANCIAL, INC. | $640,000 | $1,045,000 | 63.3% | 0.8% |
Alerus Financial | $270,000 | $1,040,000 | 285.2% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $440,000 | $1,025,000 | 133.0% | 0.8% |
ZILLOW HOME LOANS, LLC | $995,000 | n/a | 0.8% | |
The Huntington National Bank | $1,455,000 | $975,000 | -33.0% | 0.8% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,270,000 | $745,000 | -41.3% | 0.6% |
Florida Capital Bank | $730,000 | n/a | 0.6% | |
Kensington Bank | $490,000 | $705,000 | 43.9% | 0.6% |
Citizens Alliance Bank | $25,000 | $700,000 | 2,700.0% | 0.5% |
CARDINAL FINANCIAL | $165,000 | $685,000 | 315.2% | 0.5% |
University of Wisconsin Credit Union | $640,000 | n/a | 0.5% | |
Royal Credit Union | $585,000 | $625,000 | 6.8% | 0.5% |
Granite Community Bank | $620,000 | n/a | 0.5% | |
AFFINITY PLUS | $270,000 | $610,000 | 125.9% | 0.5% |
Park State Bank | $605,000 | n/a | 0.5% | |
GUARANTEED RATE AFFINITY, LLC | $600,000 | n/a | 0.5% | |
Wells Fargo Bank | $1,585,000 | $600,000 | -62.1% | 0.5% |
GUARANTEED RATE, INC. | $1,115,000 | $530,000 | -52.5% | 0.4% |
MOVEMENT MORTGAGE, LLC | $825,000 | $525,000 | -36.4% | 0.4% |
MASON MCDUFFIE MORTGAGE CORPORATION | $520,000 | n/a | 0.4% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,210,000 | $515,000 | -57.4% | 0.4% |
CHURCHILL MORTGAGE CORPORATION | $275,000 | $510,000 | 85.5% | 0.4% |
Equity Prime Mortgage LLC | $500,000 | n/a | 0.4% | |
South Story Bank & Trust | $265,000 | $495,000 | 86.8% | 0.4% |
LAKEVIEW LOAN SERVICING, LLC | $745,000 | $490,000 | -34.2% | 0.4% |
MORTGAGE ACCESS CORP. | $455,000 | n/a | 0.4% | |
Discover Bank | $590,000 | $430,000 | -27.1% | 0.3% |
Coulee Bank | $420,000 | n/a | 0.3% | |
Cedar Rapids Bank and Trust Company | $415,000 | n/a | 0.3% | |
GREENSTATE CREDIT UNION | $405,000 | n/a | 0.3% | |
Figure Lending LLC | $60,000 | $395,000 | 558.3% | 0.3% |
VILLAGE CAPITAL MORTGAGE | $395,000 | n/a | 0.3% | |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $390,000 | n/a | 0.3% | |
Cambria Financial Group, LLC | $340,000 | $380,000 | 11.8% | 0.3% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $375,000 | $370,000 | -1.3% | 0.3% |
Sierra Pacific Mortgage Company, Inc. | $360,000 | n/a | 0.3% | |
SPIRE Credit Union | $445,000 | $350,000 | -21.3% | 0.3% |
First National Bank of America | $175,000 | $345,000 | 97.1% | 0.3% |
Carrington Mortgage Services, LLC | $55,000 | $335,000 | 509.1% | 0.3% |
First National Bank Minnesota | $335,000 | n/a | 0.3% | |
AXIA FINANCIAL, LLC | $370,000 | $315,000 | -14.9% | 0.2% |
RiverWood Bank | $295,000 | n/a | 0.2% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $1,035,000 | $285,000 | -72.5% | 0.2% |
Bremer Bank | $1,625,000 | $275,000 | -83.1% | 0.2% |
Ixonia Bank | $235,000 | $275,000 | 17.0% | 0.2% |
Frandsen Bank & Trust | $235,000 | $260,000 | 10.6% | 0.2% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $255,000 | n/a | 0.2% | |
SUCCESS MORTGAGE PARTNERS, INC. | $245,000 | n/a | 0.2% | |
Barrington Bank & Trust Company, N.A. | $890,000 | $225,000 | -74.7% | 0.2% |
Coastal Community Bank | $240,000 | $225,000 | -6.3% | 0.2% |
MEMBERS COOPERATIVE | $225,000 | n/a | 0.2% | |
Plains Commerce Bank | $225,000 | n/a | 0.2% | |
Flagstar Bank, FSB | $875,000 | $220,000 | -74.9% | 0.2% |
Bank Midwest | $205,000 | n/a | 0.2% | |
Minnwest Bank | $205,000 | n/a | 0.2% | |
Merchants Bank | $195,000 | n/a | 0.2% | |
GUILD MORTGAGE COMPANY | $190,000 | n/a | 0.1% | |
TRIAD FINANCIAL SERVICES, INC. | $35,000 | $190,000 | 442.9% | 0.1% |
Arvest Bank | $185,000 | n/a | 0.1% | |
Associated Bank | $715,000 | $185,000 | -74.1% | 0.1% |
GSF Mortgage Corporation | $255,000 | $185,000 | -27.5% | 0.1% |
M&T Bank | $185,000 | n/a | 0.1% | |
CENTRAL MINNESOTA Credit Union | $285,000 | $175,000 | -38.6% | 0.1% |
Community Resource Bank | $175,000 | n/a | 0.1% | |
JPMorgan Chase Bank | $175,000 | n/a | 0.1% | |
TOP FLITE FINANCIAL, INC. | $165,000 | n/a | 0.1% | |
BAY EQUITY LLC | $2,080,000 | $155,000 | -92.5% | 0.1% |
Century Mortgage Company DBA Century Lending Company | $155,000 | n/a | 0.1% | |
Morgan Stanley Private Bank | $155,000 | n/a | 0.1% | |
NexBank | $155,000 | n/a | 0.1% | |
PNC Bank | $150,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $145,000 | n/a | 0.1% | |
BANKWEST, INC. | $295,000 | $140,000 | -52.5% | 0.1% |
21ST MORTGAGE CORPORATION | $175,000 | $120,000 | -31.4% | 0.1% |
Northview Bank | $265,000 | $105,000 | -60.4% | 0.1% |
Platinum Bank | $105,000 | n/a | 0.1% | |
SPRING EQ, LLC | $105,000 | n/a | 0.1% | |
VERIDIAN CREDIT UNION | $105,000 | n/a | 0.1% | |
Think Mutual Bank | $100,000 | n/a | 0.1% | |
Deerwood Bank | $120,000 | $85,000 | -29.2% | 0.1% |
Bridgewater Bank | $2,900,000 | $75,000 | -97.4% | 0.1% |
BUILDING TRADES FEDERAL CREDIT UNION | $75,000 | n/a | 0.1% | |
Cornerstone State Bank | $75,000 | n/a | 0.1% | |
Baxter Credit Union | $35,000 | $65,000 | 85.7% | 0.1% |
NAVY FEDERAL CREDIT UNION | $180,000 | $60,000 | -66.7% | 0.0% |
First State Bank of Le Center | $250,000 | $55,000 | -78.0% | 0.0% |
The Loan Store, Inc. | $45,000 | n/a | 0.0% | |
Bank of America | $65,000 | $35,000 | -46.2% | 0.0% |
Hutchinson's top lender by overall market share is CORTRUST MORTGAGE, INC., with 11.9% market share. In second place, with 8.3%, is Security Bank & Trust Company, having originated $10,660,000 in loans. In third place, with 6.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $8,855,000 in loans. In fourth place, with 5.7%, is Summit Mortgage Corporation, having originated $7,250,000 in loans. In fifth place, with 5.6%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $7,135,000 in loans.
Hutchinson, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 402 | $96,430,000 | $239,876 |
Other | 66 | $4,430,000 | $67,121 |
Cash Out Refi | 64 | $11,080,000 | $173,125 |
Refi | 58 | $12,230,000 | $210,862 |
Home Improvement | 56 | $3,700,000 | $66,071 |
Hutchinson's most frequently cited loan purpose was Home Purchase, with 402 originations. The 2nd most popular reason was Other, with 66 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 277 | $58,145,000 | $209,910 |
7-8% | 119 | $24,405,000 | $205,084 |
Over 8% | 81 | $7,515,000 | $92,778 |
5-6% | 57 | $14,685,000 | $257,632 |
<2.5% | 19 | $305,000 | $16,053 |
4-5% | 8 | $2,020,000 | $252,500 |
During 2024, Hutchinson's most frequently originated rate bucket was 6-7%, with 277 originations.
Loan Sizing (Hutchinson, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 243 | $64,545,000 | $265,617 |
$100k-200k | 183 | $28,635,000 | $156,475 |
$100,000 or less | 182 | $8,880,000 | $48,791 |
$400k-600k | 33 | $15,225,000 | $461,364 |
$600k-1000k | 4 | $2,710,000 | $677,500 |
$Over $1MM | 1 | $7,875,000 | $7,875,000 |
Hutchinson's loan sizing saw the bucket of loans from $200k-400k with 243 originations, totaling $64,545,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 273 | $67,155,000 | $245,989 |
60-80% | 98 | $22,560,000 | $230,204 |
Under 20% | 86 | $3,040,000 | $35,349 |
20-40% | 64 | $5,800,000 | $90,625 |
40-60% | 31 | $5,505,000 | $177,581 |
Over 100% | 7 | $1,845,000 | $263,571 |
Hutchinson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 273 originations, totaling $67,155,000 in origination value.