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 6.87% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.1% and one month ago for the week of 2023-02-09, the average rate was 6.09%.

    Iron Mountain's average rate one year ago was 4.02%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.55%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Iron Mountain 30 Year Fixed Rate 2023-03-16 6.87%
    Iron Mountain 30 Year Fixed Rate Refi 2023-03-16 6.55%
    Iron Mountain 15 Year Fixed Rate 2023-03-16 5.95%
    Iron Mountain 15 Year Fixed Rate Refi 2023-03-16 5.88%
    Iron Mountain 30 Year FHA 2023-03-16 6.74%
    Iron Mountain 30 Year FHA Refi 2023-03-16 6.53%
    Iron Mountain 30 Year USDA 2023-03-16 6.74%
    Iron Mountain 30 Year USDA Refi 2023-03-16 6.37%
    Iron Mountain 30 Year VA 2023-03-16 6.3%
    Iron Mountain 30 Year VA Refi 2023-03-16 6.08%
    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    QUICKEN LOANS, LLC 31 3.12% $4,404
    IncredibleBank 31 3.10% $2,209
    Range Bank 28 2.86% $3,322
    CoVantage Credit Union 23 3.14% $2,685
    mBank 11 3.43% $2,004
    Flagstar Bank, FSB 10 3.10% $2,339
    Wells Fargo Bank 6 3.63% $3,398
    Associated Bank 6 3.08% $2,641
    Nicolet National Bank 4 3.16% $2,462
    UNITED WHOLESALE MORTGAGE, LLC 4 3.19% $3,596
    FINANCE OF AMERICA MORTGAGE LLC 3 2.91% $2,617
    GUARANTEED RATE, INC. 3 3.17% $2,693
    The Huntington National Bank 3 3.35% $2,507
    FOX COMMUNITIES 3 3.08% $1,199
    The Stephenson National Bank and Trust 2 3.39% $1,943
    HOME POINT FINANCIAL CORPORATION 2 4.00% $2,289
    NEWREZ LLC 2 3.12% $2,379
    Barrington Bank & Trust Company, N.A. 2 3.38% $1,821
    BROKER SOLUTIONS, INC. 2 3.50% $3,091
    Waterstone Mortgage Corporation 2 3.50% $3,007
    HOMESIDE FINANCIAL, LLC 2 2.88% $3,541
    LOANDEPOT.COM, LLC 2 3.75% $4,307
    NAVY FEDERAL CREDIT UNION 1 4.88% $1,542
    Neighborhood Loans, Inc. 1 3.50% $4,950
    North American Savings Bank, F.S.B. 1 2.88% $1,604
    Northpointe Bank 1 3.25% $2,621
    NORTHWESTERN MUTUAL 1 2.95% $1,010
    Old National Bank 1 3.38% $2,852
    PARKSIDE LENDING, LLC 1 2.63% $2,757
    PCM 1 3.49% $876
    PENNYMAC LOAN SERVICES, LLC 1 3.00% $5,711
    PLANET HOME LENDING, LLC 1 4.75% $2,150
    Prosperity Home Mortgage, LLC 1 3.25% $2,066
    S1L, Inc. 1 3.63% $4,766
    SCIENT Federal Credit Union 1 3.00% $2,194
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.63% $4,360
    THRIVENT Federal Credit Union 1 3.25% $3,730
    TOWNE MORTGAGE COMPANY 1 3.63% $2,159
    U.S. Bank 1 2.88% $2,018
    Ally Bank 1 2.75% $1,854
    ZILLOW HOME LOANS, LLC 1 3.38% $6,337
    AMERICAN FINANCING CORPORATION 1 4.00% $4,023
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.38% $3,484
    AMERISAVE MORTGAGE CORPORATION 1 2.75% $4,511
    Baxter Credit Union 1 3.25% $2,315
    BMO Harris Bank 1 3.38% $2,916
    Community First Credit Union 1 3.00% $2,367
    Denmark State Bank 1 3.00% $960
    DOW CHEMICAL EMPLOYEES' 1 3.13% $1,901
    DRAPER AND KRAMER MORTGAGE CORP. 1 3.38% $2,514
    EVERETT FINANCIAL, INC. 1 3.25% $1,219
    FIRST STATE MORTGAGE SERVICES, LLC 1 3.38% $2,274
    Frankenmuth Credit Union 1 3.25% $2,264
    Honor Credit Union 1 3.75% $2,151
    Horicon Bank 1 2.75% $1,837
    INLANTA MORTGAGE, INC. 1 3.25% $2,387
    Johnson Bank 1 3.70% $3,217
    JPMorgan Chase Bank 1 3.13% $2,199
    LAKE MICHIGAN CREDIT UNION 1 3.25% $2,238
    MARINE 1 8.73% $3,887
    Mortgage Research Center, LLC 1 3.13% $4,429
    Mr. Cooper ( Nationstar Mortgage ) 1 3.25% $5,474

    Iron Mountain Average Closing Costs & Other Stats

    Iron Mountain, MI-WI's 62 lenders originated 595 loans during 2021. The total origination value was $83,585,000, with an average loan value of $140,479.

    Iron Mountain's average closing costs are $3,199.

    The top Iron Mountain lender as defined by loan originations is QUICKEN LOANS, LLC, with 31 loans originated. Their average total fees are $4,404, which is $2,195 higher than the next largest lender, IncredibleBank.

    The lowest fee Iron Mountain lenders (with over 10 loans originated) are mBank ($2,004), IncredibleBank ($2,209), Flagstar Bank, FSB ($2,339), CoVantage Credit Union ($2,685) and Range Bank ($3,322).

    The lowest rate Iron Mountain lenders (with over 10 loans originated) are Range Bank (2.86%), IncredibleBank (3.10%), Flagstar Bank, FSB (3.10%), QUICKEN LOANS, LLC (3.12%) and CoVantage Credit Union (3.14%).

    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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    QUICKEN LOANS, LLC $10,225,000 $10,570,000 3.4% 12.6%
    Range Bank $11,230,000 $8,010,000 -28.7% 9.6%
    IncredibleBank $10,360,000 $7,355,000 -29.0% 8.8%
    Flagstar Bank, FSB $8,200,000 $6,860,000 -16.3% 8.2%
    Mortgage Research Center, LLC $1,730,000 $4,935,000 185.3% 5.9%
    CoVantage Credit Union $3,865,000 $4,675,000 21.0% 5.6%
    mBank $5,010,000 $2,850,000 -43.1% 3.4%
    Wells Fargo Bank $1,185,000 $2,495,000 110.5% 3.0%
    The Huntington National Bank $1,625,000 $2,060,000 26.8% 2.5%
    UNITED WHOLESALE MORTGAGE, LLC $835,000 $1,910,000 128.7% 2.3%
    Nicolet National Bank $930,000 $1,510,000 62.4% 1.8%
    FREEDOM MORTGAGE CORPORATION $675,000 $1,425,000 111.1% 1.7%
    Associated Bank $1,625,000 $1,340,000 -17.5% 1.6%
    NAVY FEDERAL CREDIT UNION $1,015,000 $935,000 -7.9% 1.1%
    FINANCE OF AMERICA MORTGAGE LLC $945,000 $900,000 -4.8% 1.1%
    USAA Federal Savings Bank $1,610,000 $900,000 -44.1% 1.1%
    PENNYMAC LOAN SERVICES, LLC $245,000 $885,000 261.2% 1.1%
    HOME POINT FINANCIAL CORPORATION $400,000 $875,000 118.8% 1.0%
    Barrington Bank & Trust Company, N.A. $200,000 $835,000 317.5% 1.0%
    Old National Bank $125,000 $820,000 556.0% 1.0%
    FOX COMMUNITIES $455,000 $795,000 74.7% 1.0%
    BROKER SOLUTIONS, INC. $300,000 $695,000 131.7% 0.8%
    U.S. Bank $510,000 $645,000 26.5% 0.8%
    JPMorgan Chase Bank $635,000 $615,000 -3.1% 0.7%
    NEWREZ LLC $305,000 $550,000 80.3% 0.7%
    LAKEVIEW LOAN SERVICING, LLC $315,000 $520,000 65.1% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $425,000 $490,000 15.3% 0.6%
    Servion, Inc. $85,000 $475,000 458.8% 0.6%
    Tomahawk Community Bank SSB $475,000 n/a 0.6%
    Fortifi Bank $395,000 $440,000 11.4% 0.5%
    HOMESIDE FINANCIAL, LLC $415,000 n/a 0.5%
    The Stephenson National Bank and Trust $960,000 $410,000 -57.3% 0.5%
    GUARANTEED RATE, INC. $600,000 $395,000 -34.2% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $580,000 $395,000 -31.9% 0.5%
    BMO Harris Bank $240,000 $390,000 62.5% 0.5%
    Waterstone Mortgage Corporation $390,000 n/a 0.5%
    KS StateBank $365,000 n/a 0.4%
    Honor Credit Union $430,000 $360,000 -16.3% 0.4%
    LOANDEPOT.COM, LLC $1,095,000 $360,000 -67.1% 0.4%
    EVERETT FINANCIAL, INC. $610,000 $355,000 -41.8% 0.4%
    Johnson Bank $865,000 $350,000 -59.5% 0.4%
    GreenStone Farm Credit Services, FLCA $155,000 $335,000 116.1% 0.4%
    Ally Bank $115,000 $325,000 182.6% 0.4%
    River Bank $305,000 n/a 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $385,000 $295,000 -23.4% 0.4%
    PARKSIDE LENDING, LLC $220,000 $295,000 34.1% 0.4%
    American National Bank - Fox Cities $285,000 n/a 0.3%
    PENTAGON FEDERAL CREDIT UNION $135,000 $285,000 111.1% 0.3%
    Laona State Bank $390,000 $275,000 -29.5% 0.3%
    AMERISAVE MORTGAGE CORPORATION $265,000 $270,000 1.9% 0.3%
    DAS Acquisition Company, LLC $255,000 n/a 0.3%
    North American Savings Bank, F.S.B. $255,000 n/a 0.3%
    Bank of America $245,000 n/a 0.3%
    GSF Mortgage Corporation $245,000 n/a 0.3%
    Summit Credit Union $115,000 $240,000 108.7% 0.3%
    ACCELERATE MORTGAGE, LLC $235,000 n/a 0.3%
    S1L, Inc. $235,000 n/a 0.3%
    Denmark State Bank $195,000 $210,000 7.7% 0.3%
    Community First Credit Union $800,000 $205,000 -74.4% 0.2%
    Fifth Third Bank $470,000 $205,000 -56.4% 0.2%
    THRIVENT Federal Credit Union $205,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $265,000 $185,000 -30.2% 0.2%
    Ameris Bank $185,000 n/a 0.2%
    GUARANTEED RATE AFFINITY, LLC $185,000 n/a 0.2%
    Prevail Bank $185,000 n/a 0.2%
    DRAPER AND KRAMER MORTGAGE CORP. $175,000 n/a 0.2%
    LAKE MICHIGAN CREDIT UNION $105,000 $175,000 66.7% 0.2%
    INLANTA MORTGAGE, INC. $105,000 $165,000 57.1% 0.2%
    PLANET HOME LENDING, LLC $165,000 n/a 0.2%
    Prosperity Home Mortgage, LLC $165,000 n/a 0.2%
    ZILLOW HOME LOANS, LLC $355,000 $165,000 -53.5% 0.2%
    MARINE $130,000 $160,000 23.1% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $155,000 n/a 0.2%
    FIRST STATE MORTGAGE SERVICES, LLC $155,000 n/a 0.2%
    Oostburg State Bank $155,000 $155,000 0.0% 0.2%
    SCIENT Federal Credit Union $155,000 n/a 0.2%
    TOP FLITE FINANCIAL, INC. $85,000 $155,000 82.4% 0.2%
    First Guaranty Mortgage Corporation $75,000 $145,000 93.3% 0.2%
    Bank of Deerfield $135,000 n/a 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $150,000 $135,000 -10.0% 0.2%
    Carrington Mortgage Services, LLC $135,000 n/a 0.2%
    Low VA Rates, LLC $135,000 n/a 0.2%
    NEW DAY FINANCIAL, LLC $1,260,000 $130,000 -89.7% 0.2%
    AMERICAN ADVISORS GROUP $125,000 n/a 0.1%
    Bank First, N.A. $475,000 $125,000 -73.7% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $115,000 n/a 0.1%
    Bank of Milton $115,000 n/a 0.1%
    FIRST CENTENNIAL MORTGAGE CORPORATION $115,000 n/a 0.1%
    Northpointe Bank $115,000 n/a 0.1%
    Horicon Bank $105,000 n/a 0.1%
    MORTGAGE CENTER L.C $105,000 n/a 0.1%
    Neighborhood Loans, Inc. $105,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $285,000 $105,000 -63.2% 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $65,000 $105,000 61.5% 0.1%
    Bank Five Nine $95,000 n/a 0.1%
    DOW CHEMICAL EMPLOYEES' $95,000 n/a 0.1%
    Michigan Educational Credit Union $95,000 n/a 0.1%
    MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $600,000 $95,000 -84.2% 0.1%
    NORTHWESTERN MUTUAL $95,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $45,000 $85,000 88.9% 0.1%
    Frankenmuth Credit Union $85,000 n/a 0.1%
    PCM $410,000 $85,000 -79.3% 0.1%
    University of Wisconsin Credit Union $95,000 $85,000 -10.5% 0.1%
    VILLAGE CAPITAL & INVESTMENT LLC $315,000 $85,000 -73.0% 0.1%
    CALIBER HOME LOANS, INC. $75,000 n/a 0.1%
    Manufacturers and Traders Trust Company $160,000 $75,000 -53.1% 0.1%
    Baxter Credit Union $65,000 n/a 0.1%
    Citizens Bank $65,000 n/a 0.1%
    Bank of Luxemburg $55,000 n/a 0.1%
    Bell Bank $55,000 n/a 0.1%
    F&A Federal Credit Union $55,000 n/a 0.1%
    TOWNE MORTGAGE COMPANY $55,000 n/a 0.1%
    UNISON CREDIT UNION $55,000 n/a 0.1%
    CAPITAL Credit Union $400,000 $45,000 -88.8% 0.1%
    MICHIGAN SCHOOLS AND GOVERNMENT $45,000 n/a 0.1%
    UNITEDONE Credit Union $45,000 $45,000 0.0% 0.1%
    Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%

    Iron Mountain's top lender by overall market share is QUICKEN LOANS, LLC, with 12.6% market share. In second place, with 9.6%, is Range Bank, having originated $8,010,000 in loans. In third place, with 8.8%, is IncredibleBank, having originated $7,355,000 in loans. In fourth place, with 8.2%, is Flagstar Bank, FSB, having originated $6,860,000 in loans. In fifth place, with 5.9%, is Mortgage Research Center, LLC, having originated $4,935,000 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 (9.9%) 0.00 189
    2018-02-01 $136,850 (9.6%) $181,707 (6.5%) 0.00 197
    2018-03-01 $139,000 (6.0%) $185,936 (8.5%) 0.00 196
    2018-04-01 $139,650 (-0.2%) $189,470 (8.2%) 0.00 203
    2018-05-01 $139,900 (-1.4%) $189,913 (8.9%) 0.00 229
    2018-06-01 $149,500 (6.9%) $199,795 (10.2%) 0.00 236
    2018-07-01 $158,725 (14.0%) $204,219 (13.9%) 0.00 248
    2018-08-01 $154,475 (11.7%) $200,265 (11.5%) 0.00 266
    2018-09-01 $154,900 (11.2%) $202,242 (13.9%) 0.00 247
    2018-10-01 $153,100 (14.0%) $199,892 (10.5%) 0.00 231
    2018-11-01 $148,475 (14.3%) $198,069 (10.0%) 0.00 225
    2018-12-01 $148,000 (13.9%) $194,917 (12.5%) 0.00 199
    2019-01-01 $142,900 (10.0%) $187,818 (7.7%) 0.00 173
    2019-02-01 $139,450 (1.9%) $189,213 (4.1%) 0.00 163
    2019-03-01 $143,614 (3.3%) $192,723 (3.7%) 0.00 158
    2019-04-01 $151,200 (8.3%) $204,612 (8.0%) 0.00 157
    2019-05-01 $151,325 (8.2%) $213,291 (12.3%) 0.00 158
    2019-06-01 $149,900 (0.3%) $216,493 (8.4%) 0.00 174
    2019-07-01 $149,900 (-5.6%) $213,413 (4.5%) 0.00 196
    2019-08-01 $144,445 (-6.5%) $210,504 (5.1%) 0.00 193
    2019-09-01 $136,264 (-12.0%) $204,190 (1.0%) 0.00 192
    2019-10-01 $129,900 (-15.2%) $199,981 (0.0%) 0.00 193
    2019-11-01 $129,900 (-12.5%) $201,212 (1.6%) 0.00 191
    2019-12-01 $129,900 (-12.2%) $201,730 (3.5%) 0.00 177
    2020-01-01 $134,975 (-5.6%) $202,062 (7.6%) 0.00 152
    2020-02-01 $133,900 (-4.0%) $207,957 (9.9%) 0.00 139
    2020-03-01 $142,975 (-0.5%) $219,707 (14.0%) 0.00 127
    2020-04-01 $149,175 (-1.3%) $249,140 (21.8%) 0.00 120
    2020-05-01 $148,450 (-1.9%) $261,489 (22.6%) 0.00 122
    2020-06-01 $148,450 (-1.0%) $263,945 (21.9%) 0.00 118
    2020-07-01 $175,975 (17.4%) $273,642 (28.2%) 0.00 127
    2020-08-01 $149,900 (3.8%) $256,526 (21.9%) 0.00 123
    2020-09-01 $152,500 (11.9%) $265,791 (30.2%) 0.00 110
    2020-10-01 $142,400 (9.6%) $256,834 (28.4%) 0.00 101
    2020-11-01 $143,650 (10.6%) $247,894 (23.2%) 0.00 103
    2020-12-01 $142,400 (9.6%) $258,618 (28.2%) 0.00 89
    2021-01-01 $144,900 (7.4%) $271,206 (34.2%) 0.00 69
    2021-02-01 $144,950 (8.3%) $298,709 (43.6%) 0.00 59
    2021-03-01 $161,150 (12.7%) $317,820 (44.7%) 0.00 55
    2021-04-01 $174,225 (16.8%) $281,758 (13.1%) 0.00 51
    2021-05-01 $179,000 (20.6%) $255,000 (-2.5%) 0.00 55
    2021-06-01 $179,000 (20.6%) $334,206 (26.6%) 0.00 64
    2021-07-01 $180,850 (2.8%) $374,041 (36.7%) 0.00 68
    2021-08-01 $174,450 (16.4%) $338,398 (31.9%) 0.00 81
    2021-09-01 $176,725 (15.9%) $329,606 (24.0%) 0.00 82
    2021-10-01 $182,450 (28.1%) $351,351 (36.8%) 0.00 79
    2021-11-01 $165,700 (15.4%) $346,183 (39.7%) 0.00 66
    2021-12-01 $169,975 (19.4%) $359,310 (38.9%) 0.00 59
    2022-01-01 $164,900 (13.8%) $364,190 (34.3%) 0.00 48
    2022-02-01 $176,750 (21.9%) $395,288 (32.3%) 0.00 42
    2022-03-01 $228,000 (41.5%) $492,293 (54.9%) 0.00 30
    2022-04-01 $265,500 (52.4%) $489,368 (73.7%) 0.00 37
    2022-05-01 $153,050 (-14.5%) $426,739 (67.4%) 0.00 45
    2022-06-01 $172,300 (-3.7%) $387,317 (15.9%) 0.00 52
    2022-07-01 $204,700 (13.2%) $338,187 (-9.6%) 0.00 59
    2022-08-01 $227,175 (30.2%) $311,006 (-8.1%) 0.00 76
    2022-09-01 $186,050 (5.3%) $290,371 (-11.9%) 0.00 78
    2022-10-01 $199,900 (9.6%) $286,445 (-18.5%) 0.00 77
    2022-11-01 $202,425 (22.2%) $279,028 (-19.4%) 0.00 60
    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
    Iron Mountain's median listing price for 2023-02-01 was $186,725, a difference of $9,975 (5.6%) versus the prior year and $-2,500 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 2023-02-01 was $319,666, a difference of $-75,622 (-19.1%) versus the prior year and $60,641 versus the prior month.

    For the 2023-02-01 period, Iron Mountain had 41 MLS listings, a difference of -11 listings (-21%) versus the prior month and -1 listings (-2%) 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 1,550 sqft
    2018-04-01 0 days 1,560 sqft
    2018-05-01 0 days 1,551 sqft
    2018-06-01 0 days 1,590 sqft
    2018-07-01 0 days 1,581 sqft
    2018-08-01 0 days 1,584 sqft
    2018-09-01 0 days 1,600 sqft
    2018-10-01 0 days 1,609 sqft
    2018-11-01 0 days 1,614 sqft
    2018-12-01 0 days 1,600 sqft
    2019-01-01 0 days 1,557 sqft
    2019-02-01 0 days 1,550 sqft
    2019-03-01 0 days 1,600 sqft
    2019-04-01 0 days 1,691 sqft
    2019-05-01 0 days 1,647 sqft
    2019-06-01 0 days 1,600 sqft
    2019-07-01 0 days 1,612 sqft
    2019-08-01 0 days 1,597 sqft
    2019-09-01 0 days 1,599 sqft
    2019-10-01 0 days 1,580 sqft
    2019-11-01 0 days 1,533 sqft
    2019-12-01 0 days 1,499 sqft
    2020-01-01 0 days 1,481 sqft
    2020-02-01 0 days 1,489 sqft
    2020-03-01 0 days 1,566 sqft
    2020-04-01 0 days 1,572 sqft
    2020-05-01 0 days 1,576 sqft
    2020-06-01 0 days 1,578 sqft
    2020-07-01 0 days 1,584 sqft
    2020-08-01 0 days 1,559 sqft
    2020-09-01 0 days 1,519 sqft
    2020-10-01 0 days 1,512 sqft
    2020-11-01 0 days 1,575 sqft
    2020-12-01 0 days 1,543 sqft
    2021-01-01 0 days 1,510 sqft
    2021-02-01 0 days 1,508 sqft
    2021-03-01 0 days 1,570 sqft
    2021-04-01 0 days 1,597 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 1,580 sqft
    2021-09-01 0 days 1,550 sqft
    2021-10-01 0 days 1,492 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 1,580 sqft
    2022-05-01 0 days 1,306 sqft
    2022-06-01 0 days 1,413 sqft
    2022-07-01 0 days 1,421 sqft
    2022-08-01 0 days 1,536 sqft
    2022-09-01 0 days 1,429 sqft
    2022-10-01 0 days 1,500 sqft
    2022-11-01 0 days 1,491 sqft
    2022-12-01 0 days 1,512 sqft
    2023-01-01 0 days 1,518 sqft
    2023-02-01 0 days 1,443 sqft
    Iron Mountain's median listing age (time on market) for 2023-02-01 was 0 days.

    Iron Mountain's median square footage for active listings during the 2023-02-01 period was 1,443 sqft. One year prior, the average listing was 1,442 sqft.

    Iron Mountain, MI-WI Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 262 $39,720,000 $151,603
    Refi 173 $24,555,000 $141,936
    Cash Out Refi 125 $16,455,000 $131,640
    Other 22 $1,920,000 $87,273
    Home Improvement 13 $935,000 $71,923

    Iron Mountain's most frequently cited loan purpose was Home Purchase, with 262 originations. The 2nd most popular reason was Refi, with 173 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 211 $27,665,000 $131,114
    2.5-3% 199 $30,445,000 $152,990
    <2.5% 128 $20,050,000 $156,641
    4-5% 31 $2,855,000 $92,097
    5-6% 10 $530,000 $53,000
    6-7% 5 $285,000 $57,000
    Over 8% 2 $120,000 $60,000
    7-8% 1 $25,000 $25,000

    During 2021, Iron Mountain's most frequently originated rate bucket was 3-4%, with 211 originations.

    Loan Sizing (Iron Mountain, MI-WI MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 248 $34,980,000 $141,048
    $100,000 or less 230 $15,110,000 $65,696
    $200k-400k 106 $27,980,000 $263,962
    $400k-600k 10 $4,880,000 $488,000
    $600k-1000k 1 $635,000 $635,000

    Iron Mountain's loan sizing saw the bucket of loans from $100k-200k with 248 originations, totaling $34,980,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 243 $37,725,000 $155,247
    60-80% 209 $30,035,000 $143,708
    40-60% 60 $7,100,000 $118,333
    20-40% 29 $2,015,000 $69,483
    Under 20% 21 $785,000 $37,381
    Over 100% 2 $470,000 $235,000

    Iron Mountain's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 243 originations, totaling $37,725,000 in origination value.