Iron Mountain Mortgage Rates & Closing Costs
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.