Iron Mountain 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 Iron Mountain averaged 6.73% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.74% and one month ago for the week of 2025-02-27, the average rate was 7.15%.

    Iron Mountain's average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.54%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Iron Mountain 30 Year Fixed Rate 2025-04-03 6.73%
    Iron Mountain 30 Year Fixed Rate Refi 2025-04-03 6.54%
    Iron Mountain 15 Year Fixed Rate 2025-04-03 6.02%
    Iron Mountain 15 Year Fixed Rate Refi 2025-04-03 6.42%
    Iron Mountain 30 Year FHA 2025-04-03 6.46%
    Iron Mountain 30 Year FHA Refi 2025-04-03 6.46%
    Iron Mountain 30 Year USDA 2025-04-03 6.22%
    Iron Mountain 30 Year USDA Refi 2025-04-03 6.42%
    Iron Mountain 30 Year VA 2025-04-03 6.06%
    Iron Mountain 30 Year VA Refi 2025-04-03 6.26%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Iron Mountain, MI-WI.

    Iron Mountain 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 Iron Mountain, MI-WI 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    IncredibleBank 30 6.86% $2,834
    Flagstar Bank, FSB 15 6.98% $3,506
    CoVantage Credit Union 14 6.78% $3,401
    Nicolet National Bank 12 7.10% $3,282
    QUICKEN LOANS, LLC 10 7.01% $4,464
    Associated Bank 4 6.94% $2,794
    CARDINAL FINANCIAL 2 6.63% $3,470
    The Huntington National Bank 2 7.13% $3,712
    Bank of America 2 6.00% $4,276
    UNITED WHOLESALE MORTGAGE, LLC 2 6.38% $3,382
    EDUCATORS CREDIT UNION 2 5.94% $1,915
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.81% $6,842
    Fifth Third Bank 2 7.00% $3,707
    FIRST COLONY MORTGAGE CORPORATION 2 6.50% $4,070
    GUARANTEED RATE, INC. 2 7.49% $4,473
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.75% $5,672
    Bell Bank 2 6.63% $5,248
    JPMorgan Chase Bank 2 6.63% $3,738
    STAUNTON FINANCIAL, INC. 1 6.38% $3,915
    Summit Credit Union 1 5.38% $2,525
    Truist 1 7.75% $4,684
    Wells Fargo Bank 1 6.50% $2,788
    WINGS FINANCIAL 1 6.13% $3,046
    AMERISAVE MORTGAGE CORPORATION 1 6.99% $6,380
    ZILLOW HOME LOANS, LLC 1 7.13% $3,068
    Armed Forces Bank 1 7.25% $2,419
    Barrington Bank & Trust Company, N.A. 1 7.13% $4,310
    Discover Bank 1 7.86% $0
    GUILD MORTGAGE COMPANY 1 6.99% $2,832
    Johnson Bank 1 7.00% $723
    LEADERONE FINANCIAL CORPORATION 1 7.25% $3,469
    LOANDEPOT.COM, LLC 1 6.38% $5,784
    MICHIGAN MUTUAL, INC. 1 7.38% $3,297
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 7.00% $3,191
    NBKC BANK 1 8.00% $2,131
    Old National Bank 1 6.88% $3,316
    Paramount Residential Mortgage Group, Inc. 1 6.63% $2,462
    PENNYMAC LOAN SERVICES, LLC 1 7.50% $8,382
    Peoples Bank 1 4.50% $3,099
    PLANET HOME LENDING, LLC 1 7.50% $52,121
    Prosperity Home Mortgage, LLC 1 7.50% $52,121
    Raymond James Bank 1 6.63% $3,367

    Iron Mountain Average Closing Costs & Other Stats

    Iron Mountain, MI-WI's 42 lenders originated 383 loans during 2024. The total origination value was $62,965,000, with an average loan value of $164,399.

    Iron Mountain's average closing costs are $3,670.

    The top Iron Mountain lender as defined by loan originations is IncredibleBank, with 30 loans originated. Their average total fees are $2,834, which is $671 lower than the next largest lender, Flagstar Bank, FSB.

    The lowest fee Iron Mountain lenders (with over 10 loans originated) are IncredibleBank ($2,834), Nicolet National Bank ($3,282), CoVantage Credit Union ($3,401), Flagstar Bank, FSB ($3,506) and QUICKEN LOANS, LLC ($4,464).

    The lowest rate Iron Mountain lenders (with over 10 loans originated) are CoVantage Credit Union (6.78%), IncredibleBank (6.86%), Flagstar Bank, FSB (6.98%), QUICKEN LOANS, LLC (7.01%) and Nicolet National Bank (7.10%).

    Iron Mountain, MI-WI 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
    Flagstar Bank, FSB $5,265,000 $6,625,000 25.8% 10.5%
    IncredibleBank $4,450,000 $6,220,000 39.8% 9.9%
    Mortgage Research Center, LLC $3,455,000 $4,375,000 26.6% 6.9%
    QUICKEN LOANS, LLC $4,005,000 $4,320,000 7.9% 6.9%
    CoVantage Credit Union $3,965,000 $3,815,000 -3.8% 6.1%
    Nicolet National Bank $1,675,000 $3,595,000 114.6% 5.7%
    Range Bank $2,440,000 $3,225,000 32.2% 5.1%
    The Huntington National Bank $1,495,000 $2,120,000 41.8% 3.4%
    UNITED WHOLESALE MORTGAGE, LLC $1,890,000 $1,880,000 -0.5% 3.0%
    Paramount Residential Mortgage Group, Inc. $285,000 $1,575,000 452.6% 2.5%
    USAA Federal Savings Bank $565,000 $1,475,000 161.1% 2.3%
    Associated Bank $980,000 $1,200,000 22.4% 1.9%
    NAVY FEDERAL CREDIT UNION $235,000 $1,120,000 376.6% 1.8%
    Barrington Bank & Trust Company, N.A. $145,000 $1,095,000 655.2% 1.7%
    Bank of America $940,000 n/a 1.5%
    Bell Bank $195,000 $930,000 376.9% 1.5%
    PENNYMAC LOAN SERVICES, LLC $865,000 n/a 1.4%
    GUARANTEED RATE, INC. $855,000 n/a 1.4%
    JPMorgan Chase Bank $250,000 $740,000 196.0% 1.2%
    PLANET HOME LENDING, LLC $730,000 n/a 1.2%
    UMB Bank $635,000 n/a 1.0%
    CARDINAL FINANCIAL $630,000 n/a 1.0%
    NEW DAY FINANCIAL, LLC $515,000 $620,000 20.4% 1.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $365,000 $580,000 58.9% 0.9%
    FIRST COLONY MORTGAGE CORPORATION $565,000 n/a 0.9%
    Fifth Third Bank $560,000 n/a 0.9%
    Prosperity Home Mortgage, LLC $545,000 n/a 0.9%
    Johnson Bank $415,000 $500,000 20.5% 0.8%
    NBKC BANK $155,000 $485,000 212.9% 0.8%
    Wells Fargo Bank $310,000 $435,000 40.3% 0.7%
    EDUCATORS CREDIT UNION $405,000 n/a 0.6%
    FREEDOM MORTGAGE CORPORATION $75,000 $390,000 420.0% 0.6%
    Summit Credit Union $165,000 $370,000 124.2% 0.6%
    BMO Harris Bank $35,000 $355,000 914.3% 0.6%
    MICHIGAN MUTUAL, INC. $320,000 n/a 0.5%
    Laona State Bank $375,000 $310,000 -17.3% 0.5%
    LOANDEPOT.COM, LLC $145,000 $295,000 103.4% 0.5%
    ENDEAVOR CAPITAL, LLC. $275,000 n/a 0.4%
    GreenStone Farm Credit Services, FLCA $115,000 $275,000 139.1% 0.4%
    Raymond James Bank $265,000 n/a 0.4%
    WINGS FINANCIAL $265,000 n/a 0.4%
    Farmers & Merchants State Bank $255,000 n/a 0.4%
    FOX COMMUNITIES $725,000 $255,000 -64.8% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $145,000 $255,000 75.9% 0.4%
    Honor Credit Union $120,000 $215,000 79.2% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $215,000 n/a 0.3%
    Armed Forces Bank $205,000 n/a 0.3%
    LEADERONE FINANCIAL CORPORATION $205,000 n/a 0.3%
    MARINE $205,000 n/a 0.3%
    MORTGAGE 1 INCORPORATED $200,000 n/a 0.3%
    American Airlines Federal Credit Union $185,000 n/a 0.3%
    BROKER SOLUTIONS, INC. $850,000 $185,000 -78.2% 0.3%
    VILLAGE CAPITAL MORTGAGE $185,000 n/a 0.3%
    AMERICAN FINANCIAL NETWORK, INC. $175,000 n/a 0.3%
    Oostburg State Bank $155,000 $175,000 12.9% 0.3%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $780,000 $165,000 -78.8% 0.3%
    THE MORTGAGE LINK, INC. $165,000 n/a 0.3%
    NEWREZ LLC $95,000 $155,000 63.2% 0.2%
    ROYAL UNITED MORTGAGE LLC $420,000 $155,000 -63.1% 0.2%
    Peoples Bank $145,000 n/a 0.2%
    First State Bank $135,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $355,000 $135,000 -62.0% 0.2%
    AMERISAVE MORTGAGE CORPORATION $430,000 $125,000 -70.9% 0.2%
    CALCON MUTUAL MORTGAGE LLC $105,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $125,000 $105,000 -16.0% 0.2%
    STAUNTON FINANCIAL, INC. $105,000 n/a 0.2%
    Truist $95,000 n/a 0.2%
    FINANCE OF AMERICA REVERSE LLC $85,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $145,000 $75,000 -48.3% 0.1%
    Premier Community Bank $245,000 $75,000 -69.4% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $75,000 n/a 0.1%
    Waldo State Bank $75,000 n/a 0.1%
    Discover Bank $65,000 n/a 0.1%
    MICHIGAN FIRST CREDIT UNION $65,000 n/a 0.1%
    Old National Bank $275,000 $65,000 -76.4% 0.1%
    PNC Bank $225,000 $65,000 -71.1% 0.1%
    ZILLOW HOME LOANS, LLC $65,000 n/a 0.1%
    Bank First, N.A. $575,000 $55,000 -90.4% 0.1%
    Consumers Professional Credit Union $55,000 n/a 0.1%
    Figure Lending LLC $25,000 $35,000 40.0% 0.1%
    The Stephenson National Bank and Trust $135,000 $35,000 -74.1% 0.1%
    SPRING EQ, LLC $120,000 $25,000 -79.2% 0.0%

    Iron Mountain's top lender by overall market share is Flagstar Bank, FSB, with 10.5% market share. In second place, with 9.9%, is IncredibleBank, having originated $6,220,000 in loans. In third place, with 6.9%, is Mortgage Research Center, LLC, having originated $4,375,000 in loans. In fourth place, with 6.9%, is QUICKEN LOANS, LLC, having originated $4,320,000 in loans. In fifth place, with 6.1%, is CoVantage Credit Union, having originated $3,815,000 in loans.

    Iron Mountain Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Iron Mountain (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 $129,900 (18.2%) $174,374 (10.0%) 0.00 189
    2018-02-01 $136,850 (9.6%) $181,707 (6.5%) 0.00 197
    2018-03-01 $139,450 (5.3%) $186,181 (8.5%) 0.00 195
    2018-04-01 $139,650 (0.5%) $189,185 (7.9%) 0.00 203
    2018-05-01 $139,900 (0.0%) $189,653 (9.1%) 0.00 229
    2018-06-01 $145,900 (4.3%) $198,473 (9.7%) 0.00 236
    2018-07-01 $157,000 (13.0%) $202,960 (13.3%) 0.00 248
    2018-08-01 $153,350 (11.6%) $198,834 (10.8%) 0.00 268
    2018-09-01 $149,900 (7.8%) $200,477 (13.0%) 0.00 250
    2018-10-01 $149,900 (11.8%) $198,194 (9.7%) 0.00 233
    2018-11-01 $146,200 (12.6%) $195,759 (9.0%) 0.00 228
    2018-12-01 $145,000 (11.6%) $192,085 (10.9%) 0.00 203
    2019-01-01 $139,900 (7.7%) $186,024 (6.7%) 0.00 178
    2019-02-01 $138,725 (1.4%) $186,608 (2.7%) 0.00 168
    2019-03-01 $143,043 (2.6%) $190,547 (2.3%) 0.00 162
    2019-04-01 $149,900 (7.3%) $202,592 (7.1%) 0.00 160
    2019-05-01 $150,550 (7.6%) $211,889 (11.7%) 0.00 161
    2019-06-01 $149,900 (2.7%) $214,756 (8.2%) 0.00 177
    2019-07-01 $149,900 (-4.5%) $211,684 (4.3%) 0.00 200
    2019-08-01 $145,414 (-5.2%) $209,200 (5.2%) 0.00 197
    2019-09-01 $138,684 (-7.5%) $203,574 (1.5%) 0.00 197
    2019-10-01 $133,175 (-11.2%) $199,823 (0.8%) 0.00 198
    2019-11-01 $131,400 (-10.1%) $201,829 (3.1%) 0.00 195
    2019-12-01 $129,900 (-10.4%) $201,676 (5.0%) 0.00 180
    2020-01-01 $133,850 (-4.3%) $201,911 (8.5%) 0.00 155
    2020-02-01 $133,400 (-3.8%) $207,585 (11.2%) 0.00 142
    2020-03-01 $142,425 (-0.4%) $219,035 (15.0%) 0.00 130
    2020-04-01 $147,725 (-1.5%) $247,417 (22.1%) 0.00 123
    2020-05-01 $145,000 (-3.7%) $257,270 (21.4%) 0.00 126
    2020-06-01 $146,250 (-2.4%) $260,336 (21.2%) 0.00 121
    2020-07-01 $175,975 (17.4%) $269,449 (27.3%) 0.00 131
    2020-08-01 $149,900 (3.1%) $252,749 (20.8%) 0.00 126
    2020-09-01 $152,500 (10.0%) $263,284 (29.3%) 0.00 113
    2020-10-01 $142,400 (6.9%) $252,985 (26.6%) 0.00 105
    2020-11-01 $143,650 (9.3%) $244,219 (21.0%) 0.00 107
    2020-12-01 $139,900 (7.7%) $255,812 (26.8%) 0.00 90
    2021-01-01 $144,900 (8.3%) $271,993 (34.7%) 0.00 70
    2021-02-01 $144,925 (8.6%) $297,133 (43.1%) 0.00 60
    2021-03-01 $152,400 (7.0%) $313,650 (43.2%) 0.00 56
    2021-04-01 $169,000 (14.4%) $277,165 (12.0%) 0.00 53
    2021-05-01 $174,000 (20.0%) $255,000 (-0.9%) 0.00 55
    2021-06-01 $179,000 (22.4%) $334,206 (28.4%) 0.00 64
    2021-07-01 $180,850 (2.8%) $374,041 (38.8%) 0.00 69
    2021-08-01 $174,225 (16.2%) $336,231 (33.0%) 0.00 82
    2021-09-01 $171,725 (12.6%) $327,174 (24.3%) 0.00 83
    2021-10-01 $179,900 (26.3%) $348,493 (37.8%) 0.00 80
    2021-11-01 $165,700 (15.4%) $346,183 (41.8%) 0.00 66
    2021-12-01 $169,975 (21.5%) $359,310 (40.5%) 0.00 59
    2022-01-01 $164,900 (13.8%) $364,190 (33.9%) 0.00 48
    2022-02-01 $176,750 (22.0%) $395,288 (33.0%) 0.00 42
    2022-03-01 $228,000 (49.6%) $492,293 (57.0%) 0.00 30
    2022-04-01 $267,000 (58.0%) $489,368 (76.6%) 0.00 37
    2022-05-01 $168,750 (-3.0%) $438,481 (72.0%) 0.00 45
    2022-06-01 $179,500 (0.3%) $393,319 (17.7%) 0.00 52
    2022-07-01 $214,900 (18.8%) $338,187 (-9.6%) 0.00 59
    2022-08-01 $214,900 (23.4%) $309,530 (-7.9%) 0.00 77
    2022-09-01 $187,300 (9.1%) $287,875 (-12.0%) 0.00 79
    2022-10-01 $197,450 (9.8%) $285,369 (-18.1%) 0.00 78
    2022-11-01 $199,900 (20.6%) $287,402 (-17.0%) 0.00 61
    2022-12-01 $179,000 (5.3%) $261,095 (-27.3%) 0.00 59
    2023-01-01 $189,225 (14.8%) $259,025 (-28.9%) 0.00 52
    2023-02-01 $186,725 (5.6%) $319,666 (-19.1%) 0.00 41
    2023-03-01 $186,000 (-18.4%) $308,730 (-37.3%) 0.00 48
    2023-04-01 $189,450 (-29.0%) $307,283 (-37.2%) 0.00 45
    2023-05-01 $202,450 (20.0%) $309,473 (-29.4%) 0.00 46
    2023-06-01 $189,225 (5.4%) $316,833 (-19.5%) 0.00 50
    2023-07-01 $192,400 (-10.5%) $332,781 (-1.6%) 0.00 52
    2023-08-01 $189,225 (-12.0%) $254,465 (-17.8%) 0.00 60
    2023-09-01 $189,900 (1.4%) $333,280 (15.8%) 0.00 60
    2023-10-01 $182,750 (-7.4%) $315,905 (10.7%) 0.00 68
    2023-11-01 $175,925 (-12.0%) $262,372 (-8.7%) 0.00 62
    2023-12-01 $172,250 (-3.8%) $251,491 (-3.7%) 0.00 60
    2024-01-01 $164,900 (-12.9%) $242,888 (-6.2%) 0.00 56
    2024-02-01 $159,900 (-14.4%) $254,371 (-20.4%) 0.00 45
    2024-03-01 $179,900 (-3.3%) $358,095 (16.0%) 0.00 40
    2024-04-01 $179,900 (-5.0%) $391,556 (27.4%) 0.00 33
    2024-05-01 $173,650 (-14.2%) $375,065 (21.2%) 0.00 39
    2024-06-01 $174,900 (-7.6%) $372,844 (17.7%) 0.00 43
    2024-07-01 $174,925 (-9.1%) $326,249 (-2.0%) 0.00 64
    2024-08-01 $168,000 (-11.2%) $275,114 (8.1%) 0.00 70
    2024-09-01 $178,925 (-5.8%) $281,353 (-15.6%) 0.00 81
    2024-10-01 $171,150 (-6.4%) $284,118 (-10.1%) 0.00 87
    2024-11-01 $168,700 (-4.1%) $280,249 (6.8%) 0.00 81
    2024-12-01 $175,000 (1.6%) $279,121 (11.0%) 0.00 77
    2025-01-01 $169,975 (3.1%) $301,509 (24.1%) 0.00 68
    2025-02-01 $163,675 (2.4%) $305,386 (20.1%) 0.00 64
    2025-03-01 $189,900 (5.6%) $328,759 (-8.2%) 0.00 56
    Iron Mountain's median listing price for 2025-03-01 was $189,900, a difference of $10,000 (5.6%) versus the prior year and $26,225 versus the prior month.

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

    Iron Mountain's average listing price for 2025-03-01 was $328,759, a difference of $-29,336 (-8.2%) versus the prior year and $23,373 versus the prior month.

    For the 2025-03-01 period, Iron Mountain had 56 MLS listings, a difference of -8 listings (-13%) versus the prior month and 16 listings (40%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Iron Mountain (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,435 sqft
    2018-02-01 0 days 1,510 sqft
    2018-03-01 0 days 1,553 sqft
    2018-04-01 0 days 1,560 sqft
    2018-05-01 0 days 1,551 sqft
    2018-06-01 0 days 1,566 sqft
    2018-07-01 0 days 1,565 sqft
    2018-08-01 0 days 1,566 sqft
    2018-09-01 0 days 1,595 sqft
    2018-10-01 0 days 1,600 sqft
    2018-11-01 0 days 1,593 sqft
    2018-12-01 0 days 1,566 sqft
    2019-01-01 0 days 1,514 sqft
    2019-02-01 0 days 1,507 sqft
    2019-03-01 0 days 1,568 sqft
    2019-04-01 0 days 1,665 sqft
    2019-05-01 0 days 1,621 sqft
    2019-06-01 0 days 1,596 sqft
    2019-07-01 0 days 1,593 sqft
    2019-08-01 0 days 1,579 sqft
    2019-09-01 0 days 1,588 sqft
    2019-10-01 0 days 1,571 sqft
    2019-11-01 0 days 1,528 sqft
    2019-12-01 0 days 1,499 sqft
    2020-01-01 0 days 1,464 sqft
    2020-02-01 0 days 1,473 sqft
    2020-03-01 0 days 1,558 sqft
    2020-04-01 0 days 1,562 sqft
    2020-05-01 0 days 1,564 sqft
    2020-06-01 0 days 1,571 sqft
    2020-07-01 0 days 1,563 sqft
    2020-08-01 0 days 1,548 sqft
    2020-09-01 0 days 1,506 sqft
    2020-10-01 0 days 1,491 sqft
    2020-11-01 0 days 1,524 sqft
    2020-12-01 0 days 1,535 sqft
    2021-01-01 0 days 1,510 sqft
    2021-02-01 0 days 1,508 sqft
    2021-03-01 0 days 1,553 sqft
    2021-04-01 0 days 1,570 sqft
    2021-05-01 0 days 1,580 sqft
    2021-06-01 0 days 1,560 sqft
    2021-07-01 0 days 1,481 sqft
    2021-08-01 0 days 1,563 sqft
    2021-09-01 0 days 1,530 sqft
    2021-10-01 0 days 1,488 sqft
    2021-11-01 0 days 1,409 sqft
    2021-12-01 0 days 1,396 sqft
    2022-01-01 0 days 1,374 sqft
    2022-02-01 0 days 1,442 sqft
    2022-03-01 0 days 1,400 sqft
    2022-04-01 0 days 1,620 sqft
    2022-05-01 0 days 1,337 sqft
    2022-06-01 0 days 1,429 sqft
    2022-07-01 0 days 1,421 sqft
    2022-08-01 0 days 1,535 sqft
    2022-09-01 0 days 1,422 sqft
    2022-10-01 0 days 1,482 sqft
    2022-11-01 0 days 1,473 sqft
    2022-12-01 0 days 1,512 sqft
    2023-01-01 0 days 1,525 sqft
    2023-02-01 0 days 1,443 sqft
    2023-03-01 0 days 1,488 sqft
    2023-04-01 0 days 1,581 sqft
    2023-05-01 0 days 1,452 sqft
    2023-06-01 0 days 1,519 sqft
    2023-07-01 0 days 1,497 sqft
    2023-08-01 0 days 1,500 sqft
    2023-09-01 0 days 1,600 sqft
    2023-10-01 0 days 1,633 sqft
    2023-11-01 0 days 1,578 sqft
    2023-12-01 0 days 1,510 sqft
    2024-01-01 0 days 1,452 sqft
    2024-02-01 0 days 1,432 sqft
    2024-03-01 0 days 1,504 sqft
    2024-04-01 0 days 1,467 sqft
    2024-05-01 0 days 1,490 sqft
    2024-06-01 0 days 1,612 sqft
    2024-07-01 0 days 1,536 sqft
    2024-08-01 0 days 1,362 sqft
    2024-09-01 0 days 1,475 sqft
    2024-10-01 0 days 1,392 sqft
    2024-11-01 0 days 1,430 sqft
    2024-12-01 0 days 1,440 sqft
    2025-01-01 0 days 1,452 sqft
    2025-02-01 0 days 1,448 sqft
    2025-03-01 0 days 1,443 sqft
    Iron Mountain's median listing age (time on market) for 2025-03-01 was 0 days.

    Iron Mountain's median square footage for active listings during the 2025-03-01 period was 1,443 sqft. One year prior, the average listing was 1,504 sqft.

    Iron Mountain, MI-WI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 224 $42,940,000 $191,696
    Cash Out Refi 51 $7,815,000 $153,235
    Refi 45 $7,745,000 $172,111
    Other 37 $2,725,000 $73,649
    Home Improvement 26 $1,740,000 $66,923

    Iron Mountain's most frequently cited loan purpose was Home Purchase, with 224 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 147 $28,005,000 $190,510
    7-8% 100 $15,140,000 $151,400
    Over 8% 56 $5,230,000 $93,393
    5-6% 45 $9,315,000 $207,000
    4-5% 3 $715,000 $238,333
    <2.5% 2 $220,000 $110,000

    During 2024, Iron Mountain's most frequently originated rate bucket was 6-7%, with 147 originations.

    Loan Sizing (Iron Mountain, MI-WI MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 138 $8,200,000 $59,420
    $100k-200k 136 $19,780,000 $145,441
    $200k-400k 88 $24,000,000 $272,727
    $400k-600k 17 $8,225,000 $483,824
    $600k-1000k 4 $2,760,000 $690,000

    Iron Mountain's loan sizing saw the bucket of loans from $100,000 or less with 138 originations, totaling $8,200,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 171 $33,655,000 $196,813
    60-80% 75 $14,535,000 $193,800
    40-60% 38 $5,290,000 $139,211
    20-40% 34 $2,170,000 $63,824
    Under 20% 25 $755,000 $30,200
    Over 100% 3 $495,000 $165,000

    Iron Mountain's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 171 originations, totaling $33,655,000 in origination value.