Iron Mountain Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Iron Mountain averaged 6.37% for the week of 2024-03-14, compared to the national average of 6.74% for the same period.

The average rate for the prior week (2024-03-07) was 6.61% and one month ago for the week of 2024-02-08, the average rate was 6.27%.

Iron Mountain's average rate one year ago was 6.66%.

For refis of the same type during the week of 2024-03-14, the average rate was 6.94%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-14 6.74%
Iron Mountain 30 Year Fixed Rate 2024-03-14 6.37%
Iron Mountain 30 Year Fixed Rate Refi 2024-03-14 6.94%
Iron Mountain 15 Year Fixed Rate 2024-03-14 6.06%
Iron Mountain 15 Year Fixed Rate Refi 2024-03-14 6.16%
Iron Mountain 30 Year FHA 2024-03-14 6.7%
Iron Mountain 30 Year FHA Refi 2024-03-14 6.6%
Iron Mountain 30 Year USDA 2024-03-14 6.79%
Iron Mountain 30 Year USDA Refi 2024-03-14 6.79%
Iron Mountain 30 Year VA 2024-03-14 6.64%
Iron Mountain 30 Year VA Refi 2024-03-14 6.64%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
IncredibleBank 23 5.42% $2,290
QUICKEN LOANS, LLC 17 5.09% $6,007
CoVantage Credit Union 14 5.11% $3,123
Range Bank 14 4.62% $3,033
Flagstar Bank, FSB 12 4.62% $2,751
Nicolet National Bank 11 4.89% $3,151
Wells Fargo Bank 7 5.57% $4,393
FINANCE OF AMERICA MORTGAGE LLC 4 5.44% $5,942
The Huntington National Bank 3 5.34% $4,639
Associated Bank 3 4.46% $2,609
BROKER SOLUTIONS, INC. 2 7.56% $3,990
JPMorgan Chase Bank 2 6.63% $2,160
The Stephenson National Bank and Trust 2 5.06% $2,120
THRIVENT Federal Credit Union 2 3.00% $3,034
UNITED WHOLESALE MORTGAGE, LLC 2 6.38% $2,497
Mortgage Research Center, LLC 2 4.94% $4,213
PLUS RELOCATION MORTGAGE, LLC 2 7.50% $2,571
FOX COMMUNITIES 2 4.56% $1,542
Honor Credit Union 2 7.25% $2,397
PCM 2 3.74% $1,416
PENNYMAC LOAN SERVICES, LLC 1 6.12% $1,811
ROYAL UNITED MORTGAGE LLC 1 5.50% $6,489
SOFI LENDING CORP. 1 3.25% $2,037
The Port Washington State Bank 1 4.50% $2,006
TOWER 1 6.63% $2,578
U.S. Bank 1 4.00% $2,123
Neighborhood Loans, Inc. 1 5.13% $4,247
Ally Bank 1 7.75% $5,746
AMERISAVE MORTGAGE CORPORATION 1 2.88% $1,607
BLG HOLDINGS, INC. 1 5.50% $3,801
CAPITAL Credit Union 1 3.25% $1,870
Citadel Servicing Corporation 1 7.13% $19,104
Community First Credit Union 1 3.63% $1,873
Discover Bank 1 7.99% $0
EDUCATORS CREDIT UNION 1 5.25% $1,635
FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.25% $3,635
FIRST NORTHERN Credit Union 1 3.75% $2,207
Gateway First Bank 1 6.50% $6,912
HOME POINT FINANCIAL CORPORATION 1 4.50% $2,938
Hometown Bank 1 5.99% $1,686
Johnson Bank 1 3.20% $2,903
LOANDEPOT.COM, LLC 1 3.25% $1,293
MOVEMENT MORTGAGE, LLC 1 6.99% $3,511
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.88% $3,309
ACADEMY MORTGAGE CORPORATION 1 4.88% $4,146
Old National Bank 1 7.50% $2,305

Iron Mountain Average Closing Costs & Other Stats

Iron Mountain, MI-WI's 46 lenders originated 401 loans during 2022. The total origination value was $64,465,000, with an average loan value of $160,761.

Iron Mountain's average closing costs are $3,380.

The top Iron Mountain lender as defined by loan originations is IncredibleBank, with 23 loans originated. Their average total fees are $2,290, which is $3,717 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Iron Mountain lenders (with over 10 loans originated) are IncredibleBank ($2,290), Flagstar Bank, FSB ($2,751), Range Bank ($3,033), CoVantage Credit Union ($3,123) and Nicolet National Bank ($3,151).

The lowest rate Iron Mountain lenders (with over 10 loans originated) are Range Bank (4.62%), Flagstar Bank, FSB (4.62%), Nicolet National Bank (4.89%), QUICKEN LOANS, LLC (5.09%) and CoVantage Credit Union (5.11%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
QUICKEN LOANS, LLC $10,570,000 $5,970,000 -43.5% 9.3%
IncredibleBank $7,355,000 $5,330,000 -27.5% 8.3%
Range Bank $8,010,000 $5,235,000 -34.6% 8.1%
Flagstar Bank, FSB $6,860,000 $5,040,000 -26.5% 7.8%
Mortgage Research Center, LLC $4,935,000 $4,545,000 -7.9% 7.1%
Nicolet National Bank $1,510,000 $4,130,000 173.5% 6.4%
CoVantage Credit Union $4,675,000 $3,795,000 -18.8% 5.9%
The Huntington National Bank $2,060,000 $2,250,000 9.2% 3.5%
Grandbridge Real Estate Capital LLC $1,805,000 n/a 2.8%
Wells Fargo Bank $2,495,000 $1,740,000 -30.3% 2.7%
FINANCE OF AMERICA MORTGAGE LLC $900,000 $1,430,000 58.9% 2.2%
AMERISAVE MORTGAGE CORPORATION $270,000 $1,160,000 329.6% 1.8%
Associated Bank $1,340,000 $895,000 -33.2% 1.4%
THRIVENT Federal Credit Union $205,000 $830,000 304.9% 1.3%
HOME POINT FINANCIAL CORPORATION $875,000 $735,000 -16.0% 1.1%
FOX COMMUNITIES $795,000 $680,000 -14.5% 1.1%
Northview Bank $655,000 n/a 1.0%
Bank First, N.A. $125,000 $645,000 416.0% 1.0%
JPMorgan Chase Bank $615,000 $630,000 2.4% 1.0%
NAVY FEDERAL CREDIT UNION $935,000 $605,000 -35.3% 0.9%
Laona State Bank $275,000 $580,000 110.9% 0.9%
Forward Bank $535,000 n/a 0.8%
PENNYMAC LOAN SERVICES, LLC $885,000 $515,000 -41.8% 0.8%
Oostburg State Bank $155,000 $505,000 225.8% 0.8%
UNITED WHOLESALE MORTGAGE, LLC $1,910,000 $475,000 -75.1% 0.7%
LAKEVIEW LOAN SERVICING, LLC $520,000 $455,000 -12.5% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $490,000 $430,000 -12.2% 0.7%
PCM $85,000 $430,000 405.9% 0.7%
CALIBER HOME LOANS, INC. $75,000 $425,000 466.7% 0.7%
Ally Bank $325,000 $395,000 21.5% 0.6%
Hometown Bank $385,000 n/a 0.6%
LOANDEPOT.COM, LLC $360,000 $375,000 4.2% 0.6%
MOVEMENT MORTGAGE, LLC $375,000 n/a 0.6%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $95,000 $370,000 289.5% 0.6%
Community First Credit Union $205,000 $360,000 75.6% 0.6%
PLUS RELOCATION MORTGAGE, LLC $360,000 n/a 0.6%
Citadel Servicing Corporation $355,000 n/a 0.6%
MARINE $160,000 $355,000 121.9% 0.6%
NEW DAY FINANCIAL, LLC $130,000 $350,000 169.2% 0.5%
Honor Credit Union $360,000 $345,000 -4.2% 0.5%
LIMA ONE CAPITAL, LLC $345,000 n/a 0.5%
FIRST CENTENNIAL MORTGAGE CORPORATION $115,000 $315,000 173.9% 0.5%
The Port Washington State Bank $315,000 n/a 0.5%
Old National Bank $820,000 $285,000 -65.2% 0.4%
TOWER $285,000 n/a 0.4%
EDUCATORS CREDIT UNION $270,000 n/a 0.4%
BLG HOLDINGS, INC. $265,000 n/a 0.4%
RELIANCE FIRST CAPITAL, LLC $265,000 n/a 0.4%
The Stephenson National Bank and Trust $410,000 $260,000 -36.6% 0.4%
University of Wisconsin Credit Union $85,000 $260,000 205.9% 0.4%
Johnson Bank $350,000 $240,000 -31.4% 0.4%
Neighborhood Loans, Inc. $105,000 $240,000 128.6% 0.4%
PNC Bank $235,000 n/a 0.4%
CHURCHILL MORTGAGE CORPORATION $85,000 $230,000 170.6% 0.4%
EVERETT FINANCIAL, INC. $355,000 $225,000 -36.6% 0.3%
M&T Bank $75,000 $225,000 200.0% 0.3%
Gateway First Bank $205,000 n/a 0.3%
Third Federal Savings and Loan Association of Cleveland $205,000 n/a 0.3%
GreenStone Farm Credit Services, FLCA $335,000 $185,000 -44.8% 0.3%
ACADEMY MORTGAGE CORPORATION $175,000 n/a 0.3%
American Mortgage & Equity Consultants, Inc. $175,000 n/a 0.3%
SOFI LENDING CORP. $175,000 n/a 0.3%
Summit Credit Union $240,000 $155,000 -35.4% 0.2%
CAPITAL Credit Union $45,000 $145,000 222.2% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $145,000 n/a 0.2%
First Federal Bank $135,000 n/a 0.2%
Premier Community Bank $135,000 n/a 0.2%
WNB Financial, N.A. $135,000 n/a 0.2%
BROKER SOLUTIONS, INC. $695,000 $130,000 -81.3% 0.2%
AMERICAN FINANCING CORPORATION $185,000 $125,000 -32.4% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $395,000 $125,000 -68.4% 0.2%
UNISON CREDIT UNION $55,000 $125,000 127.3% 0.2%
Discover Bank $105,000 n/a 0.2%
Peoples State Bank $105,000 n/a 0.2%
Wolf River Community Bank $105,000 n/a 0.2%
GENEVA FINANCIAL, LLC $85,000 n/a 0.1%
U.S. Bank $645,000 $85,000 -86.8% 0.1%
FIRST NORTHERN Credit Union $75,000 n/a 0.1%
FREEDOM MORTGAGE CORPORATION $1,425,000 $75,000 -94.7% 0.1%
ROYAL UNITED MORTGAGE LLC $105,000 $75,000 -28.6% 0.1%
Vibrant Credit Union $75,000 n/a 0.1%
Bank of America $245,000 $65,000 -73.5% 0.1%
Carrington Mortgage Services, LLC $135,000 $65,000 -51.9% 0.1%
Denmark State Bank $210,000 $65,000 -69.0% 0.1%
DFCU FINANCIAL $35,000 n/a 0.1%
Citizens Bank $65,000 $25,000 -61.5% 0.0%
THE PESHTIGO NATIONAL BANK $25,000 n/a 0.0%

Iron Mountain's top lender by overall market share is QUICKEN LOANS, LLC, with 9.3% market share. In second place, with 8.3%, is IncredibleBank, having originated $5,330,000 in loans. In third place, with 8.1%, is Range Bank, having originated $5,235,000 in loans. In fourth place, with 7.8%, is Flagstar Bank, FSB, having originated $5,040,000 in loans. In fifth place, with 7.1%, is Mortgage Research Center, LLC, having originated $4,545,000 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%) $174,268 (10.0%) 0.00 189
2018-02-01 $135,000 (8.1%) $181,639 (6.5%) 0.00 197
2018-03-01 $139,000 (5.0%) $186,136 (8.5%) 0.00 195
2018-04-01 $139,400 (0.3%) $189,205 (7.9%) 0.00 203
2018-05-01 $139,900 (0.0%) $189,662 (9.1%) 0.00 229
2018-06-01 $145,900 (4.3%) $198,473 (9.6%) 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 (12.8%) $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 (11.8%) $192,085 (10.9%) 0.00 203
2019-01-01 $139,900 (7.7%) $186,024 (6.8%) 0.00 178
2019-02-01 $138,725 (2.8%) $186,608 (2.7%) 0.00 168
2019-03-01 $143,043 (2.9%) $190,547 (2.4%) 0.00 162
2019-04-01 $149,900 (7.5%) $202,515 (7.0%) 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 $145,264 (-5.3%) $208,905 (5.1%) 0.00 197
2019-09-01 $138,309 (-7.7%) $202,837 (1.2%) 0.00 196
2019-10-01 $132,150 (-11.8%) $198,792 (0.3%) 0.00 197
2019-11-01 $129,900 (-11.2%) $200,746 (2.6%) 0.00 194
2019-12-01 $129,900 (-10.4%) $200,979 (4.6%) 0.00 179
2020-01-01 $133,725 (-4.4%) $201,128 (8.1%) 0.00 154
2020-02-01 $132,900 (-4.2%) $206,783 (10.8%) 0.00 141
2020-03-01 $142,400 (-0.5%) $218,264 (14.6%) 0.00 129
2020-04-01 $147,225 (-1.8%) $247,139 (22.0%) 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 (3.2%) $252,877 (21.1%) 0.00 126
2020-09-01 $155,500 (12.4%) $265,207 (30.8%) 0.00 113
2020-10-01 $142,400 (7.8%) $252,985 (27.3%) 0.00 105
2020-11-01 $143,650 (10.6%) $244,219 (21.7%) 0.00 107
2020-12-01 $139,900 (7.7%) $255,812 (27.3%) 0.00 90
2021-01-01 $144,900 (8.4%) $271,993 (35.2%) 0.00 70
2021-02-01 $144,925 (9.1%) $297,133 (43.7%) 0.00 60
2021-03-01 $157,400 (10.5%) $315,133 (44.4%) 0.00 55
2021-04-01 $169,000 (14.8%) $277,165 (12.2%) 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%) $336,955 (33.3%) 0.00 81
2021-09-01 $171,725 (10.4%) $327,174 (23.4%) 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 (44.9%) $492,293 (56.2%) 0.00 30
2022-04-01 $265,500 (57.1%) $481,715 (73.8%) 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 (-8.1%) 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 (-28.6%) $307,283 (-36.2%) 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
Iron Mountain's median listing price for 2024-01-01 was $164,900, a difference of $-24,325 (-12.9%) versus the prior year and $-7,350 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 2024-01-01 was $242,888, a difference of $-16,137 (-6.2%) versus the prior year and $-8,603 versus the prior month.

For the 2024-01-01 period, Iron Mountain had 56 MLS listings, a difference of -4 listings (-7%) versus the prior month and 4 listings (8%) 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 1,424 sqft
2018-02-01 0 days 1,489 sqft
2018-03-01 0 days 1,550 sqft
2018-04-01 0 days 1,558 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 1,577 sqft
2019-09-01 0 days 1,584 sqft
2019-10-01 0 days 1,562 sqft
2019-11-01 0 days 1,526 sqft
2019-12-01 0 days 1,488 sqft
2020-01-01 0 days 1,455 sqft
2020-02-01 0 days 1,456 sqft
2020-03-01 0 days 1,555 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 1,509 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 1,575 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 1,557 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 1,618 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
Iron Mountain's median listing age (time on market) for 2024-01-01 was 0 days.

Iron Mountain's median square footage for active listings during the 2024-01-01 period was 1,452 sqft. One year prior, the average listing was 1,525 sqft.

Iron Mountain, MI-WI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 219 $40,095,000 $183,082
Cash Out Refi 77 $12,015,000 $156,039
Refi 64 $8,930,000 $139,531
Other 23 $2,295,000 $99,783
Home Improvement 18 $1,130,000 $62,778

Iron Mountain's most frequently cited loan purpose was Home Purchase, with 219 originations. The 2nd most popular reason was Cash Out Refi, with 77 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 105 $17,405,000 $165,762
4-5% 90 $15,660,000 $174,000
3-4% 74 $12,460,000 $168,378
6-7% 52 $7,450,000 $143,269
2.5-3% 29 $4,595,000 $158,448
7-8% 23 $2,945,000 $128,043
<2.5% 11 $2,085,000 $189,545
Over 8% 8 $620,000 $77,500

During 2022, Iron Mountain's most frequently originated rate bucket was 5-6%, with 105 originations.

Loan Sizing (Iron Mountain, MI-WI MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 152 $9,460,000 $62,237
$100k-200k 144 $20,690,000 $143,681
$200k-400k 85 $23,195,000 $272,882
$400k-600k 17 $8,015,000 $471,471
$600k-1000k 2 $1,300,000 $650,000
$Over $1MM 1 $1,805,000 $1,805,000

Iron Mountain's loan sizing saw the bucket of loans from $100,000 or less with 152 originations, totaling $9,460,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 181 $32,595,000 $180,083
60-80% 111 $18,275,000 $164,640
40-60% 38 $5,960,000 $156,842
20-40% 29 $2,355,000 $81,207
Under 20% 28 $2,900,000 $103,571
Over 100% 4 $1,070,000 $267,500

Iron Mountain's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 181 originations, totaling $32,595,000 in origination value.