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 7.22% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 7.1% and one month ago for the week of 2024-03-14, the average rate was 6.66%.

    Iron Mountain's average rate one year ago was 6.49%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.5%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Iron Mountain 30 Year Fixed Rate 2024-04-18 7.22%
    Iron Mountain 30 Year Fixed Rate Refi 2024-04-18 7.5%
    Iron Mountain 15 Year Fixed Rate 2024-04-18 6.19%
    Iron Mountain 15 Year Fixed Rate Refi 2024-04-18 6.49%
    Iron Mountain 30 Year FHA 2024-04-18 6.66%
    Iron Mountain 30 Year FHA Refi 2024-04-18 6.66%
    Iron Mountain 30 Year USDA 2024-04-18 6.76%
    Iron Mountain 30 Year USDA Refi 2024-04-18 6.96%
    Iron Mountain 30 Year VA 2024-04-18 6.96%
    Iron Mountain 30 Year VA Refi 2024-04-18 6.66%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    IncredibleBank 21 6.80% $2,661
    Flagstar Bank, FSB 20 6.86% $2,854
    CoVantage Credit Union 14 6.98% $3,269
    Range Bank 11 7.07% $3,079
    QUICKEN LOANS, LLC 9 6.89% $5,958
    FOX COMMUNITIES 4 6.97% $1,871
    Nicolet National Bank 4 7.16% $2,881
    U.S. Bank 3 6.91% $4,301
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 3 6.75% $3,128
    UNITED WHOLESALE MORTGAGE, LLC 3 6.48% $6,855
    Associated Bank 3 6.58% $2,514
    CROSSCOUNTRY MORTGAGE, LLC 2 7.44% $3,943
    The Huntington National Bank 2 7.31% $3,724
    BROKER SOLUTIONS, INC. 2 6.94% $4,718
    Mortgage Research Center, LLC 1 5.75% $1,401
    MOVEMENT MORTGAGE, LLC 1 7.44% $4,661
    NBKC BANK 1 7.38% $1,538
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.88% $7,856
    PROPER RATE, LLC 1 7.63% $3,013
    Royal Credit Union 1 6.75% $0
    ROYAL UNITED MORTGAGE LLC 1 7.63% $5,291
    Servion, Inc. 1 6.00% $3,328
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 8.64% $888
    UNITED 1 7.50% $4,398
    University of Wisconsin Credit Union 1 7.00% $3,024
    VERVE, A CREDIT UNION 1 7.13% $3,017
    Ally Bank 1 6.75% $2,986
    Waukesha State Bank 1 5.50% $0
    Bank First, N.A. 1 7.63% $2,729
    Bell Bank 1 7.49% $5,428
    CHURCHILL MORTGAGE CORPORATION 1 6.75% $3,188
    CIBM Bank 1 7.63% $3,251
    COMPEER FINANCIAL, FLCA 1 8.13% $2,691
    GSF Mortgage Corporation 1 5.99% $4,268
    GUILD MORTGAGE COMPANY 1 6.00% $3,613
    Heritage Bank 1 6.35% $12,662
    Honor Credit Union 1 6.25% $2,607
    Johnson Bank 1 7.63% $2,460
    JPMorgan Chase Bank 1 7.63% $1,888
    LAFCU 1 6.38% $4,913
    Landmark Credit Union 1 5.88% $1,977

    Iron Mountain Average Closing Costs & Other Stats

    Iron Mountain, MI-WI's 41 lenders originated 335 loans during 2023. The total origination value was $48,775,000, with an average loan value of $145,597.

    Iron Mountain's average closing costs are $3,512.

    The top Iron Mountain lender as defined by loan originations is IncredibleBank, with 21 loans originated. Their average total fees are $2,661, which is $193 lower than the next largest lender, Flagstar Bank, FSB.

    The lowest fee Iron Mountain lenders (with over 10 loans originated) are IncredibleBank ($2,661), Flagstar Bank, FSB ($2,854), Range Bank ($3,079), CoVantage Credit Union ($3,269) and .

    The lowest rate Iron Mountain lenders (with over 10 loans originated) are IncredibleBank (6.80%), Flagstar Bank, FSB (6.86%), CoVantage Credit Union (6.98%), Range Bank (7.07%) and .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Flagstar Bank, FSB $5,040,000 $5,265,000 4.5% 10.8%
    IncredibleBank $5,330,000 $4,450,000 -16.5% 9.1%
    QUICKEN LOANS, LLC $5,970,000 $4,005,000 -32.9% 8.2%
    CoVantage Credit Union $3,795,000 $3,965,000 4.5% 8.1%
    Mortgage Research Center, LLC $4,545,000 $3,455,000 -24.0% 7.1%
    Range Bank $5,235,000 $2,440,000 -53.4% 5.0%
    UNITED WHOLESALE MORTGAGE, LLC $475,000 $1,890,000 297.9% 3.9%
    Nicolet National Bank $4,130,000 $1,675,000 -59.4% 3.4%
    The Huntington National Bank $2,250,000 $1,495,000 -33.6% 3.1%
    American National Bank - Fox Cities $1,205,000 n/a 2.5%
    U.S. Bank $85,000 $1,035,000 1,117.6% 2.1%
    Heritage Bank $1,005,000 n/a 2.1%
    Associated Bank $895,000 $980,000 9.5% 2.0%
    BROKER SOLUTIONS, INC. $130,000 $850,000 553.8% 1.7%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $370,000 $780,000 110.8% 1.6%
    FOX COMMUNITIES $680,000 $725,000 6.6% 1.5%
    Bank First, N.A. $645,000 $575,000 -10.9% 1.2%
    USAA Federal Savings Bank $565,000 n/a 1.2%
    NEW DAY FINANCIAL, LLC $350,000 $515,000 47.1% 1.1%
    GUARANTEED RATE AFFINITY, LLC $465,000 n/a 1.0%
    AMERISAVE MORTGAGE CORPORATION $1,160,000 $430,000 -62.9% 0.9%
    CROSSCOUNTRY MORTGAGE, LLC $145,000 $420,000 189.7% 0.9%
    ROYAL UNITED MORTGAGE LLC $75,000 $420,000 460.0% 0.9%
    Johnson Bank $240,000 $415,000 72.9% 0.9%
    Laona State Bank $580,000 $375,000 -35.3% 0.8%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $365,000 n/a 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $430,000 $355,000 -17.4% 0.7%
    THRIVENT Federal Credit Union $830,000 $340,000 -59.0% 0.7%
    Community First Credit Union $360,000 $320,000 -11.1% 0.7%
    Wells Fargo Bank $1,740,000 $310,000 -82.2% 0.6%
    Paramount Residential Mortgage Group, Inc. $285,000 n/a 0.6%
    Old National Bank $285,000 $275,000 -3.5% 0.6%
    JPMorgan Chase Bank $630,000 $250,000 -60.3% 0.5%
    FirstBank Southwest $245,000 n/a 0.5%
    Premier Community Bank $135,000 $245,000 81.5% 0.5%
    VERVE, A CREDIT UNION $245,000 n/a 0.5%
    NAVY FEDERAL CREDIT UNION $605,000 $235,000 -61.2% 0.5%
    PNC Bank $235,000 $225,000 -4.3% 0.5%
    The Federal Savings Bank $215,000 n/a 0.4%
    Royal Credit Union $205,000 n/a 0.4%
    GSF Mortgage Corporation $200,000 n/a 0.4%
    Bell Bank $195,000 n/a 0.4%
    Waukesha State Bank $185,000 n/a 0.4%
    Century Mortgage Company DBA Century Lending Company $175,000 n/a 0.4%
    PROPER RATE, LLC $165,000 n/a 0.3%
    Summit Credit Union $155,000 $165,000 6.5% 0.3%
    COMPEER FINANCIAL, FLCA $155,000 n/a 0.3%
    Landmark Credit Union $155,000 n/a 0.3%
    NBKC BANK $155,000 n/a 0.3%
    Oostburg State Bank $505,000 $155,000 -69.3% 0.3%
    AMERICAN FINANCING CORPORATION $125,000 $145,000 16.0% 0.3%
    Barrington Bank & Trust Company, N.A. $145,000 n/a 0.3%
    GUILD MORTGAGE COMPANY $145,000 n/a 0.3%
    LAFCU $145,000 n/a 0.3%
    LOANDEPOT.COM, LLC $375,000 $145,000 -61.3% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $125,000 $145,000 16.0% 0.3%
    The Stephenson National Bank and Trust $260,000 $135,000 -48.1% 0.3%
    CHURCHILL MORTGAGE CORPORATION $230,000 $125,000 -45.7% 0.3%
    CIBM Bank $125,000 n/a 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $125,000 n/a 0.3%
    University of Wisconsin Credit Union $260,000 $125,000 -51.9% 0.3%
    Honor Credit Union $345,000 $120,000 -65.2% 0.2%
    SPRING EQ, LLC $120,000 n/a 0.2%
    GreenStone Farm Credit Services, FLCA $185,000 $115,000 -37.8% 0.2%
    STOCKTON MORTGAGE CORPORATION $115,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $105,000 n/a 0.2%
    Ally Bank $395,000 $105,000 -73.4% 0.2%
    Frankenmuth Credit Union $105,000 n/a 0.2%
    East Wisconsin Savings Bank $95,000 n/a 0.2%
    NEWREZ LLC $95,000 n/a 0.2%
    RAPID MORTGAGE COMPANY $95,000 n/a 0.2%
    Servion, Inc. $95,000 n/a 0.2%
    Citizens Bank $25,000 $85,000 240.0% 0.2%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $85,000 n/a 0.2%
    FREEDOM MORTGAGE CORPORATION $75,000 $75,000 0.0% 0.2%
    MOVEMENT MORTGAGE, LLC $375,000 $75,000 -80.0% 0.2%
    Wolf River Community Bank $105,000 $75,000 -28.6% 0.2%
    BLC Community Bank $65,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $55,000 n/a 0.1%
    UNITED $55,000 n/a 0.1%
    CAPITAL Credit Union $145,000 $45,000 -69.0% 0.1%
    WNB Financial, N.A. $135,000 $45,000 -66.7% 0.1%
    BMO Harris Bank $35,000 n/a 0.1%
    Figure Lending LLC $25,000 n/a 0.1%

    Iron Mountain's top lender by overall market share is Flagstar Bank, FSB, with 10.8% market share. In second place, with 9.1%, is IncredibleBank, having originated $4,450,000 in loans. In third place, with 8.2%, is QUICKEN LOANS, LLC, having originated $4,005,000 in loans. In fourth place, with 8.1%, is CoVantage Credit Union, having originated $3,965,000 in loans. In fifth place, with 7.1%, is Mortgage Research Center, LLC, having originated $3,455,000 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
    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
    Iron Mountain's median listing price for 2024-03-01 was $179,900, a difference of $-6,100 (-3.3%) versus the prior year and $20,000 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 2024-03-01 was $358,095, a difference of $49,365 (16.0%) versus the prior year and $103,724 versus the prior month.

    For the 2024-03-01 period, Iron Mountain had 40 MLS listings, a difference of -5 listings (-11%) versus the prior month and -8 listings (-17%) 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
    2024-02-01 0 days 1,432 sqft
    2024-03-01 0 days 1,504 sqft
    Iron Mountain's median listing age (time on market) for 2024-03-01 was 0 days.

    Iron Mountain's median square footage for active listings during the 2024-03-01 period was 1,504 sqft. One year prior, the average listing was 1,488 sqft.

    Iron Mountain, MI-WI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 212 $37,550,000 $177,123
    Cash Out Refi 52 $5,330,000 $102,500
    Other 30 $2,090,000 $69,667
    Home Improvement 22 $1,440,000 $65,455
    Refi 19 $2,365,000 $124,474

    Iron Mountain's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Cash Out Refi, with 52 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 133 $22,305,000 $167,707
    7-8% 100 $12,110,000 $121,100
    Over 8% 46 $3,410,000 $74,130
    5-6% 40 $7,480,000 $187,000
    4-5% 5 $875,000 $175,000

    During 2023, Iron Mountain's most frequently originated rate bucket was 6-7%, with 133 originations.

    Loan Sizing (Iron Mountain, MI-WI MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 140 $7,800,000 $55,714
    $100k-200k 125 $18,335,000 $146,680
    $200k-400k 60 $16,570,000 $276,167
    $400k-600k 8 $3,860,000 $482,500
    $Over $1MM 2 $2,210,000 $1,105,000

    Iron Mountain's loan sizing saw the bucket of loans from $100,000 or less with 140 originations, totaling $7,800,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 159 $28,715,000 $180,597
    60-80% 73 $11,005,000 $150,753
    20-40% 36 $2,310,000 $64,167
    Under 20% 31 $1,075,000 $34,677
    40-60% 24 $2,860,000 $119,167
    Over 100% 1 $215,000 $215,000

    Iron Mountain's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 159 originations, totaling $28,715,000 in origination value.