MANKATO Mortgage Rates

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

30 Year Fixed Rate mortgages in Mankato averaged 5.56% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.23% and one month ago for the week of 2022-04-07, the average rate was 4.68%.

Mankato's average rate one year ago was 2.88%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.45%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Mankato 30 Year Fixed Rate 2022-05-12 5.56%
Mankato 30 Year Fixed Rate Refi 2022-05-12 5.45%
Mankato 15 Year Fixed Rate 2022-05-12 5.83%
Mankato 15 Year Fixed Rate Refi 2022-05-12 4.83%
Mankato 30 Year FHA 2022-05-12 5.12%
Mankato 30 Year FHA Refi 2022-05-12 5.35%
Mankato 30 Year USDA 2022-05-12 5.28%
Mankato 30 Year USDA Refi 2022-05-12 5.5%
Mankato 30 Year VA 2022-05-12 5.16%
Mankato 30 Year VA Refi 2022-05-12 5.23%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MANKATO, MN.

MANKATO Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the MANKATO, MN 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. Total Fees
UNITED WHOLESALE MORTGAGE, LLC 276 2.97% $3,475
Wells Fargo Bank 168 3.10% $2,458
CROSSCOUNTRY MORTGAGE, LLC 132 3.15% $3,859
QUICKEN LOANS, LLC 89 3.17% $4,798
Bremer Bank 68 3.05% $5,375
U.S. Bank 64 3.06% $2,994
Plains Commerce Bank 56 3.10% $4,718
Frandsen Bank & Trust 50 2.96% $3,293
IOWA BANKERS MORTGAGE CORPORATION 39 2.83% $4,272
AFFINITY PLUS 37 3.04% $3,587
PLAZA HOME MORTGAGE, INC. 36 3.06% $4,995
CRESCENT MORTGAGE COMPANY 28 3.05% $4,049
COMPEER FINANCIAL, FLCA 28 3.74% $3,080
Citizens Community Federal 26 3.05% $2,669
Merchants Bank 23 3.12% $4,022
BankVista 22 3.05% $3,482
Citizens Bank Minnesota 21 2.80% $4,068
HomeTown Bank 20 3.28% $3,819
Prosperity Home Mortgage, LLC 18 3.15% $3,293
Alliance Bank 18 2.97% $4,244
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 16 3.34% $3,997
Flagstar Bank, FSB 15 3.24% $3,283
Bank Midwest 14 2.93% $2,991
BROKER SOLUTIONS, INC. 13 3.39% $5,561
Old National Bank 12 3.07% $2,768
GUARANTEED RATE, INC. 11 3.02% $3,775
Bell Bank 10 3.10% $4,175
NEWREZ LLC 10 3.14% $3,435
Cambria Financial Group, LLC 9 3.13% $3,698
InterContinental Capital Group, Inc 8 3.44% $3,760
JPMorgan Chase Bank 8 3.03% $3,294
LOANDEPOT.COM, LLC 7 2.98% $4,080
CALIBER HOME LOANS, INC. 7 3.17% $4,486
Mr. Cooper ( Nationstar Mortgage ) 6 3.35% $4,101
BAY EQUITY LLC 6 3.10% $3,581
First Federal Bank 6 3.10% $4,884
Roundbank 6 2.77% $3,939
Tradition Mortgage, LLC 6 2.94% $2,310
American Mortgage & Equity Consultants, Inc. 5 3.25% $3,534
Cornerstone State Bank 5 3.18% $2,784
FREEDOM MORTGAGE CORPORATION 5 3.40% $3,771
TCF National Bank 5 2.90% $3,020
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.28% $4,388
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 4 3.31% $3,360
Alerus Financial 4 2.97% $1,825
HIWAY 4 3.13% $5,104
BETTER MORTGAGE CORPORATION 4 2.66% $3,383
Stifel Bank and Trust 4 2.84% $2,500
Home Federal Savings Bank 4 3.00% $3,853
AXIA FINANCIAL, LLC 4 3.06% $5,074
Bank of America 4 2.88% $4,857
Goldwater Bank, N.A. 3 3.50% $4,084
The Huntington National Bank 3 3.13% $2,970
AMERISAVE MORTGAGE CORPORATION 3 2.91% $4,286
AMERICAN PORTFOLIO MORTGAGE CORPORATION 3 3.00% $3,595
WINGS FINANCIAL 3 2.96% $3,169
Royal Credit Union 3 3.04% $0
PENNYMAC LOAN SERVICES, LLC 3 3.12% $4,847
MOVEMENT MORTGAGE, LLC 3 3.10% $4,249
CENTRAL MINNESOTA Credit Union 3 3.00% $3,197
Carrington Mortgage Services, LLC 3 3.50% $4,019
CORTRUST MORTGAGE, INC. 2 2.44% $5,860
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.56% $5,608
ALTRA 2 3.49% $2,394
Servion, Inc. 2 2.81% $5,508
HOME POINT FINANCIAL CORPORATION 2 3.31% $2,072
SOFI LENDING CORP. 2 3.50% $2,537
UIF CORPORATION 2 3.25% $3,334
Truist Bank 2 2.85% $2,842
American State Bank 2 2.69% $3,491
Mortgages Unlimited Inc. 2 3.00% $3,724
Mortgage Research Center, LLC 2 3.18% $1,284
Citizens Bank 2 2.88% $3,051
CHARTER WEST BANK 2 3.13% $2,499
KS StateBank 2 3.00% $3,488
First Bank & Trust 2 3.06% $5,705
EVERETT FINANCIAL, INC. 2 3.56% $1,957
AMERICAN FINANCIAL NETWORK, INC. 2 3.31% $8,572
AMERICAN FINANCING CORPORATION 2 3.19% $7,163
Lend Smart Mortgage, LLC 2 4.00% $4,030
GUARANTY HOME MORTGAGE CORPORATION 2 3.13% $3,433
Wyndham Capital Mortgage, Inc. 1 2.75% $1,064
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.63% $3,658
Associated Bank 1 3.13% $2,707
Bank of the West 1 2.88% $3,308
Barrington Bank & Trust Company, N.A. 1 2.99% $4,187
Baxter Credit Union 1 2.88% $3,454
BMO Harris Bank 1 3.00% $2,979
Central Bank 1 3.38% $3,066
DAS Acquisition Company, LLC 1 3.38% $3,143
Deere Employees Credit Union 1 2.25% $3,111
Deerwood Bank 1 2.75% $2,977
DELTA COMMUNITY CREDIT UNION 1 3.00% $1,909
ENVOY MORTGAGE, LTD 1 3.25% $3,497
Farmers & Merchants Savings Bank 1 3.00% $2,269
First Guaranty Mortgage Corporation 1 2.88% $4,488
First National Bank of America 1 8.88% $9,824
First Savings Bank 1 2.88% $8,448
GENEVA FINANCIAL, LLC 1 3.00% $2,696
GUARANTEED RATE AFFINITY, LLC 1 3.13% $3,196
HANCOCK MORTGAGE PARTNERS, LLC 1 3.50% $3,194
Heritage Bank 1 3.88% $2,468
HOMESTEAD FUNDING CORP. 1 2.63% $3,743
Hometown Lenders, Inc. 1 2.99% $2,566
IDEAL 1 3.25% $3,499
IMPAC MORTGAGE CORP. 1 2.63% $9,544
Lake Area Bank 1 4.25% $3,132
LENDERFI, INC. 1 2.88% $1,128
Liberty Bank Minnesota 1 2.63% $1,927
Liberty Savings Bank, F.S.B. 1 3.00% $6,433
LOANFLIGHT LENDING, LLC 1 2.99% $1,532
MEGASTAR FINANCIAL CORP. 1 3.00% $3,099
Midwest Heritage Bank FSB 1 3.25% $3,042
MILEND, INC. 1 3.63% $3,668
Nations Lending Corporation 1 3.50% $5,277
NATIONS RELIABLE LENDING, LLC 1 3.50% $3,552
NETWORK CAPITAL FUNDING CORPORATION 1 2.63% $1,230
OCEANSIDE MORTGAGE COMPANY 1 2.88% $1,336
POLARIS HOME FUNDING CORP. 1 3.50% $10,703
RUOFF MORTGAGE COMPANY, INC. 1 3.38% $2,405
Sierra Pacific Mortgage Company, Inc. 1 3.75% $4,510
SIRVA MORTGAGE, INC. 1 2.88% $2,072
SOUTHWEST FUNDING, LP 1 3.25% $5,425
SPRING EQ, LLC 1 2.50% $0
Summit Mortgage Corporation 1 2.75% $3,740
Texana Bank 1 3.13% $5,764
Think Mutual Bank 1 3.00% $3,771
THRIVENT Federal Credit Union 1 2.88% $3,680
TOP FLITE FINANCIAL, INC. 1 3.13% $3,271
TOWNE MORTGAGE COMPANY 1 3.25% $3,013
West Gate Bank 1 3.13% $2,233
WNB Financial, N.A. 1 3.00% $2,641

MANKATO, MN's 132 lenders originated 4,112 loans during 2021. The total origination value was $877,060,000, with an average loan value of $213,293.

The top MANKATO lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 276 loans originated. Their average total fees are $3,475, which is $1,018 higher than the next largest lender, Wells Fargo Bank.

The lowest fee MANKATO lenders (with over 10 loans originated) are Wells Fargo Bank ($2,458), Citizens Community Federal ($2,669), Old National Bank ($2,768), Bank Midwest ($2,991) and U.S. Bank ($2,994).

The lowest rate MANKATO lenders (with over 10 loans originated) are Citizens Bank Minnesota (2.80%), IOWA BANKERS MORTGAGE CORPORATION (2.83%), Bank Midwest (2.93%), Frandsen Bank & Trust (2.96%) and UNITED WHOLESALE MORTGAGE, LLC (2.97%).

MANKATO, MN Lender 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
UNITED WHOLESALE MORTGAGE, LLC $97,390,000 $113,260,000 16.3% 12.9%
Wells Fargo Bank $67,160,000 $82,845,000 23.4% 9.4%
Community Bank Mankato $116,090,000 $63,110,000 -45.6% 7.2%
Minnesota Valley Federal Credit Union $97,120,000 $50,510,000 -48.0% 5.8%
CROSSCOUNTRY MORTGAGE, LLC $15,305,000 $44,505,000 190.8% 5.1%
U.S. Bank $55,335,000 $37,980,000 -31.4% 4.3%
QUICKEN LOANS, LLC $28,645,000 $35,110,000 22.6% 4.0%
Bremer Bank $45,890,000 $34,570,000 -24.7% 3.9%
SOUTHPOINT FINANCIAL $21,965,000 $22,480,000 2.3% 2.6%
Citizens Community Federal $32,805,000 $20,665,000 -37.0% 2.4%
Plains Commerce Bank $29,555,000 $20,130,000 -31.9% 2.3%
Frandsen Bank & Trust $33,725,000 $19,575,000 -42.0% 2.2%
Pioneer Bank $23,405,000 $19,325,000 -17.4% 2.2%
AFFINITY PLUS $16,545,000 $18,095,000 9.4% 2.1%
FREEDOM MORTGAGE CORPORATION $14,880,000 $14,230,000 -4.4% 1.6%
COMPEER FINANCIAL, FLCA $16,385,000 $13,640,000 -16.8% 1.6%
PLAZA HOME MORTGAGE, INC. $16,150,000 $13,085,000 -19.0% 1.5%
IOWA BANKERS MORTGAGE CORPORATION $11,485,000 $11,385,000 -0.9% 1.3%
BankVista $34,225,000 $11,310,000 -67.0% 1.3%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $8,215,000 $9,340,000 13.7% 1.1%
HomeTown Bank $16,360,000 $9,280,000 -43.3% 1.1%
Citizens Bank Minnesota $8,455,000 $8,815,000 4.3% 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,405,000 $7,945,000 80.4% 0.9%
Merchants Bank $9,340,000 $7,800,000 -16.5% 0.9%
CRESCENT MORTGAGE COMPANY $6,570,000 $7,225,000 10.0% 0.8%
Mortgage Research Center, LLC $2,410,000 $6,530,000 171.0% 0.7%
Alliance Bank $5,400,000 $5,740,000 6.3% 0.7%
LOANDEPOT.COM, LLC $4,460,000 $5,690,000 27.6% 0.6%
Bell Bank $6,585,000 $5,655,000 -14.1% 0.6%
Prosperity Home Mortgage, LLC $790,000 $5,360,000 578.5% 0.6%
PENNYMAC LOAN SERVICES, LLC $2,665,000 $5,325,000 99.8% 0.6%
First Bank & Trust $740,000 $4,995,000 575.0% 0.6%
Bridgewater Bank $2,710,000 $4,745,000 75.1% 0.5%
BROKER SOLUTIONS, INC. $7,215,000 $4,695,000 -34.9% 0.5%
Bank Midwest $2,730,000 $4,490,000 64.5% 0.5%
Flagstar Bank, FSB $3,575,000 $4,085,000 14.3% 0.5%
NEWREZ LLC $1,445,000 $3,830,000 165.1% 0.4%
GUARANTEED RATE, INC. $1,910,000 $3,270,000 71.2% 0.4%
CALIBER HOME LOANS, INC. $3,295,000 $3,250,000 -1.4% 0.4%
Old National Bank $4,170,000 $3,185,000 -23.6% 0.4%
Carrington Mortgage Services, LLC $5,890,000 $3,110,000 -47.2% 0.4%
Cambria Financial Group, LLC $2,865,000 $2,975,000 3.8% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $2,975,000 $2,850,000 -4.2% 0.3%
BETTER MORTGAGE CORPORATION $2,760,000 n/a 0.3%
JPMorgan Chase Bank $1,085,000 $2,750,000 153.5% 0.3%
Cornerstone State Bank $4,530,000 $2,745,000 -39.4% 0.3%
Home Federal Savings Bank $610,000 $2,435,000 299.2% 0.3%
First Federal Bank $2,055,000 $2,430,000 18.2% 0.3%
Stifel Bank and Trust $1,380,000 $2,390,000 73.2% 0.3%
AMERISAVE MORTGAGE CORPORATION $2,455,000 $2,345,000 -4.5% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,045,000 $2,245,000 114.8% 0.3%
Roundbank $4,195,000 $2,135,000 -49.1% 0.2%
American Mortgage & Equity Consultants, Inc. $1,975,000 $2,070,000 4.8% 0.2%
BAY EQUITY LLC $1,785,000 $2,055,000 15.1% 0.2%
AXIA FINANCIAL, LLC $1,335,000 $2,015,000 50.9% 0.2%
HIWAY $1,575,000 $1,765,000 12.1% 0.2%
Bank of America $115,000 $1,660,000 1,343.5% 0.2%
TCF National Bank $2,145,000 $1,620,000 -24.5% 0.2%
Lend Smart Mortgage, LLC $2,125,000 $1,605,000 -24.5% 0.2%
River Bank $1,605,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $1,940,000 $1,540,000 -20.6% 0.2%
LAKEVIEW LOAN SERVICING, LLC $995,000 $1,510,000 51.8% 0.2%
Tradition Mortgage, LLC $2,375,000 $1,465,000 -38.3% 0.2%
InterContinental Capital Group, Inc $825,000 $1,380,000 67.3% 0.2%
USAA Federal Savings Bank $1,890,000 $1,290,000 -31.7% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $475,000 $1,285,000 170.5% 0.1%
HOME POINT FINANCIAL CORPORATION $1,675,000 $1,230,000 -26.6% 0.1%
MOVEMENT MORTGAGE, LLC $475,000 $1,225,000 157.9% 0.1%
The Huntington National Bank $195,000 $1,115,000 471.8% 0.1%
Alerus Financial $395,000 $1,105,000 179.7% 0.1%
MEGASTAR FINANCIAL CORP. $570,000 $1,090,000 91.2% 0.1%
Low VA Rates, LLC $365,000 $1,045,000 186.3% 0.1%
CORTRUST MORTGAGE, INC. $520,000 $1,020,000 96.2% 0.1%
AMERICAN FINANCING CORPORATION $1,015,000 n/a 0.1%
Royal Credit Union $270,000 $1,005,000 272.2% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $555,000 $975,000 75.7% 0.1%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $1,185,000 $970,000 -18.1% 0.1%
EVERETT FINANCIAL, INC. $21,775,000 $905,000 -95.8% 0.1%
WINGS FINANCIAL $4,110,000 $905,000 -78.0% 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $165,000 $870,000 427.3% 0.1%
ALTRA $320,000 $855,000 167.2% 0.1%
SOFI LENDING CORP. $815,000 n/a 0.1%
CENTRAL MINNESOTA Credit Union $810,000 n/a 0.1%
PNC Bank $245,000 $795,000 224.5% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,655,000 $785,000 -52.6% 0.1%
Chartwell Financial, LLC $650,000 $765,000 17.7% 0.1%
HOMESTEAD FUNDING CORP. $855,000 $765,000 -10.5% 0.1%
KS StateBank $765,000 n/a 0.1%
Goldwater Bank, N.A. $1,275,000 $755,000 -40.8% 0.1%
Associated Bank $1,405,000 $725,000 -48.4% 0.1%
Manufacturers Bank & Trust Company $660,000 n/a 0.1%
Lake Area Bank $195,000 $650,000 233.3% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $410,000 $645,000 57.3% 0.1%
ACCELERATE MORTGAGE, LLC $640,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $850,000 $635,000 -25.3% 0.1%
Servion, Inc. $1,455,000 $615,000 -57.7% 0.1%
UIF CORPORATION $370,000 $610,000 64.9% 0.1%
Magnolia Bank $175,000 $600,000 242.9% 0.1%
NBKC BANK $550,000 $585,000 6.4% 0.1%
The First National Bank of Le Center $590,000 $570,000 -3.4% 0.1%
Chicago Mortgage Solutions LLC $560,000 n/a 0.1%
Truist Bank $555,000 n/a 0.1%
The Federal Savings Bank $1,610,000 $550,000 -65.8% 0.1%
INTERCAP LENDING INC. $515,000 $545,000 5.8% 0.1%
GUARANTEED RATE AFFINITY, LLC $305,000 $540,000 77.0% 0.1%
American State Bank $530,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $1,280,000 $530,000 -58.6% 0.1%
GUARANTY HOME MORTGAGE CORPORATION $525,000 n/a 0.1%
FirstBank $395,000 $510,000 29.1% 0.1%
North American Savings Bank, F.S.B. $510,000 n/a 0.1%
IMPAC MORTGAGE CORP. $505,000 n/a 0.1%
Mortgages Unlimited Inc. $135,000 $505,000 274.1% 0.1%
Think Mutual Bank $2,415,000 $490,000 -79.7% 0.1%
CHARTER WEST BANK $485,000 n/a 0.1%
Minnwest Bank $485,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $175,000 $480,000 174.3% 0.1%
Citizens Bank $440,000 $450,000 2.3% 0.1%
Northwest Bank $920,000 $450,000 -51.1% 0.1%
Midwest Heritage Bank FSB $970,000 $435,000 -55.2% 0.0%
BMO Harris Bank $515,000 $430,000 -16.5% 0.0%
TOWNE MORTGAGE COMPANY $420,000 n/a 0.0%
AMERICAN INTERNET MORTGAGE, INC. $125,000 $405,000 224.0% 0.0%
Summit Mortgage Corporation $175,000 $380,000 117.1% 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $235,000 $375,000 59.6% 0.0%
Toyota Financial Savings Bank $375,000 n/a 0.0%
Meridian Bank Corporation $355,000 n/a 0.0%
NATIONS RELIABLE LENDING, LLC $135,000 $350,000 159.3% 0.0%
Arvest Bank $715,000 $345,000 -51.7% 0.0%
ENVOY MORTGAGE, LTD $195,000 $345,000 76.9% 0.0%
Deere Employees Credit Union $165,000 $325,000 97.0% 0.0%
Texana Bank $325,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $315,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $315,000 n/a 0.0%
Bank of the West $305,000 n/a 0.0%
AmRes Corporation $295,000 n/a 0.0%
LENDERFI, INC. $780,000 $295,000 -62.2% 0.0%
Hometown Lenders, Inc. $320,000 $270,000 -15.6% 0.0%
MILEND, INC. $570,000 $270,000 -52.6% 0.0%
AMCAP MORTGAGE, LTD. $265,000 n/a 0.0%
Great Southern Bank $265,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $265,000 $265,000 0.0% 0.0%
LEADERONE FINANCIAL CORPORATION $1,960,000 $260,000 -86.7% 0.0%
Manufacturers and Traders Trust Company $135,000 $260,000 92.6% 0.0%
Bank of England $235,000 $255,000 8.5% 0.0%
RESIDENTIAL BANCORP. $255,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $250,000 n/a 0.0%
THRIVENT Federal Credit Union $415,000 $250,000 -39.8% 0.0%
Baxter Credit Union $185,000 $245,000 32.4% 0.0%
BNC National Bank $245,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $330,000 $245,000 -25.8% 0.0%
Cornerstone First Mortgage, Inc $235,000 n/a 0.0%
Liberty Savings Bank, F.S.B. $235,000 n/a 0.0%
RESULTS MORTGAGE, LLC $490,000 $230,000 -53.1% 0.0%
HANCOCK MORTGAGE PARTNERS, LLC $225,000 n/a 0.0%
The State Bank of Faribault $565,000 $225,000 -60.2% 0.0%
Farmers & Merchants Savings Bank $215,000 n/a 0.0%
GENEVA FINANCIAL, LLC $155,000 $215,000 38.7% 0.0%
First Savings Bank $205,000 n/a 0.0%
SOUTHWEST FUNDING, LP $205,000 n/a 0.0%
First National Bank of America $195,000 $195,000 0.0% 0.0%
SIRVA MORTGAGE, INC. $185,000 n/a 0.0%
SPRING EQ, LLC $80,000 $185,000 131.3% 0.0%
FINANCE OF AMERICA COMMERCIAL LLC $175,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $390,000 $175,000 -55.1% 0.0%
CHURCHILL MORTGAGE CORPORATION $310,000 $165,000 -46.8% 0.0%
Deerwood Bank $135,000 $165,000 22.2% 0.0%
First Guaranty Mortgage Corporation $735,000 $165,000 -77.6% 0.0%
IDEAL $75,000 $165,000 120.0% 0.0%
Liberty Bank Minnesota $860,000 $165,000 -80.8% 0.0%
MAYO EMPLOYEES FEDERAL CREDIT UNION $1,445,000 $165,000 -88.6% 0.0%
Nations Lending Corporation $165,000 n/a 0.0%
UNITED SECURITY FINANCIAL CORP $275,000 $165,000 -40.0% 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $215,000 $155,000 -27.9% 0.0%
Heritage Bank $745,000 $155,000 -79.2% 0.0%
LOANFLIGHT LENDING, LLC $155,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $155,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $430,000 $150,000 -65.1% 0.0%
Central Bank $145,000 n/a 0.0%
DAS Acquisition Company, LLC $205,000 $145,000 -29.3% 0.0%
GUILD MORTGAGE COMPANY $215,000 $145,000 -32.6% 0.0%
LONGBRIDGE FINANCIAL, LLC $145,000 n/a 0.0%
West Gate Bank $145,000 n/a 0.0%
Citizens Alliance Bank $135,000 n/a 0.0%
DELTA COMMUNITY CREDIT UNION $135,000 n/a 0.0%
Lake Elmo Bank $135,000 n/a 0.0%
Lakeview Community Capital, LLC $135,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $165,000 $135,000 -18.2% 0.0%
Discover Bank $85,000 $125,000 47.1% 0.0%
Luana Savings Bank $125,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $125,000 n/a 0.0%
American Bank of the North $535,000 $115,000 -78.5% 0.0%
OCEANSIDE MORTGAGE COMPANY $690,000 $115,000 -83.3% 0.0%
VisionBank $115,000 n/a 0.0%
WNB Financial, N.A. $115,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $105,000 n/a 0.0%
PROVIDENT FUNDING ASSOCIATES, L.P. $460,000 $105,000 -77.2% 0.0%
SHAREPOINT CREDIT UNION $150,000 $100,000 -33.3% 0.0%
Centier Bank $35,000 $95,000 171.4% 0.0%
FAY SERVICING, LLC $95,000 n/a 0.0%
Heartland Credit Union $235,000 $95,000 -59.6% 0.0%
TOP FLITE FINANCIAL, INC. $95,000 n/a 0.0%
Figure Lending LLC $80,000 n/a 0.0%
TIAA, FSB $400,000 $75,000 -81.3% 0.0%
21ST MORTGAGE CORPORATION $80,000 $70,000 -12.5% 0.0%
BANKWEST, INC. $215,000 $60,000 -72.1% 0.0%
TRIAD FINANCIAL SERVICES, INC. $45,000 n/a 0.0%

MANKATO's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 12.9% market share. In second place, with 9.4%, is Wells Fargo Bank, having originated $82,845,000 in loans. In third place, with 7.2%, is Community Bank Mankato, having originated $63,110,000 in loans. In third place, with 5.8%, is Minnesota Valley Federal Credit Union, having originated $50,510,000 in loans. In third place, with 5.1%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $44,505,000 in loans.


MANKATO, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 1,657 $348,515,000 $210,329
Home Purchase 1,489 $362,545,000 $243,482
Cash Out Refi 837 $153,425,000 $183,303
Home Improvement 67 $5,665,000 $84,552
Other 62 $6,910,000 $111,452

Mankato's most frequently cited loan purpose was Refi, with 1,657 originations. The 2nd most popular reason was Home Purchase, with 1,489 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,425 $302,845,000 $212,523
3-4% 1,044 $226,820,000 $217,261
<2.5% 797 $158,235,000 $198,538
4-5% 83 $13,995,000 $168,614
Over 8% 19 $1,075,000 $56,579
5-6% 14 $710,000 $50,714
6-7% 5 $275,000 $55,000
7-8% 1 $45,000 $45,000

During 2021, Mankato's most frequently originated rate bucket was 2.5-3%, with 1,425 originations.

Loan Sizing (MANKATO, MN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,885 $285,905,000 $151,674
$200k-400k 1,481 $391,635,000 $264,440
$100,000 or less 534 $35,520,000 $66,517
$400k-600k 159 $75,275,000 $473,428
$Over $1MM 28 $69,720,000 $2,490,000
$600k-1000k 25 $19,005,000 $760,200

MANKATO's loan sizing saw the bucket of loans from $100k-200k with 1,885 originations, totaling $285,905,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,276 $298,960,000 $234,295
60-80% 1,244 $279,580,000 $224,743
40-60% 485 $79,645,000 $164,216
20-40% 170 $20,950,000 $123,235
Under 20% 115 $5,185,000 $45,087
Over 100% 20 $6,020,000 $301,000

MANKATO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,276 originations, totaling $298,960,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - MANKATO (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 $247,350 (24.7%) $296,493 (18.0%) 0.00 277
2018-02-01 $247,450 (21.3%) $294,862 (15.7%) 0.00 272
2018-03-01 $254,000 (19.2%) $315,453 (22.1%) 0.00 297
2018-04-01 $251,950 (14.6%) $322,423 (19.8%) 0.00 329
2018-05-01 $252,400 (12.4%) $320,912 (14.9%) 0.00 352
2018-06-01 $254,900 (13.4%) $317,115 (12.9%) 0.00 374
2018-07-01 $249,900 (8.7%) $313,426 (8.2%) 0.00 377
2018-08-01 $255,250 (11.0%) $310,292 (7.0%) 0.00 397
2018-09-01 $244,700 (2.4%) $302,121 (3.1%) 0.00 416
2018-10-01 $249,900 (5.1%) $296,995 (-0.1%) 0.00 422
2018-11-01 $249,900 (5.1%) $293,532 (-1.2%) 0.00 400
2018-12-01 $250,000 (2.0%) $297,917 (0.0%) 0.00 347
2019-01-01 $253,950 (2.7%) $297,779 (0.4%) 0.00 311
2019-02-01 $262,450 (6.1%) $301,874 (2.4%) 0.00 307
2019-03-01 $267,571 (5.3%) $306,602 (-2.8%) 0.00 322
2019-04-01 $265,321 (5.3%) $309,735 (-3.9%) 0.00 342
2019-05-01 $269,700 (6.9%) $319,200 (-0.5%) 0.00 383
2019-06-01 $269,900 (5.9%) $312,623 (-1.4%) 0.00 406
2019-07-01 $273,450 (9.4%) $316,654 (1.0%) 0.00 412
2019-08-01 $271,100 (6.2%) $313,206 (0.9%) 0.00 432
2019-09-01 $270,050 (10.4%) $309,776 (2.5%) 0.00 435
2019-10-01 $269,900 (8.0%) $313,319 (5.5%) 0.00 449
2019-11-01 $269,900 (8.0%) $313,861 (6.9%) 0.00 414
2019-12-01 $274,900 (10.0%) $317,752 (6.7%) 0.00 347
2020-01-01 $269,900 (6.3%) $309,450 (3.9%) 0.00 312
2020-02-01 $279,900 (6.7%) $319,662 (5.9%) 0.00 302
2020-03-01 $284,950 (6.5%) $327,612 (6.9%) 0.00 332
2020-04-01 $287,450 (8.3%) $328,053 (5.9%) 0.00 331
2020-05-01 $304,000 (12.7%) $341,570 (7.0%) 0.00 341
2020-06-01 $312,450 (15.8%) $347,530 (11.2%) 0.00 306
2020-07-01 $311,950 (14.1%) $349,362 (10.3%) 0.00 262
2020-08-01 $313,900 (15.8%) $362,593 (15.8%) 0.00 253
2020-09-01 $299,900 (11.1%) $362,760 (17.1%) 0.00 250
2020-10-01 $274,500 (1.7%) $330,104 (5.4%) 0.00 263
2020-11-01 $265,950 (-1.5%) $325,425 (3.7%) 0.00 202
2020-12-01 $272,400 (-0.9%) $337,300 (6.2%) 0.00 184
2021-01-01 $275,000 (1.9%) $360,814 (16.6%) 0.00 137
2021-02-01 $297,400 (6.3%) $375,194 (17.4%) 0.00 110
2021-03-01 $299,450 (5.1%) $377,552 (15.2%) 0.00 126
2021-04-01 $299,450 (4.2%) $388,559 (18.4%) 0.00 145
2021-05-01 $305,000 (0.3%) $377,842 (10.6%) 0.00 118
2021-06-01 $289,450 (-7.4%) $366,893 (5.6%) 0.00 138
2021-07-01 $274,900 (-11.9%) $365,698 (4.7%) 0.00 161
2021-08-01 $275,000 (-12.4%) $361,816 (-0.2%) 0.00 196
2021-09-01 $272,450 (-9.2%) $354,908 (-2.2%) 0.00 199
2021-10-01 $269,900 (-1.7%) $357,972 (8.4%) 0.00 206
2021-11-01 $272,450 (2.4%) $368,702 (13.3%) 0.00 186
2021-12-01 $299,450 (9.9%) $383,464 (13.7%) 0.00 150
2022-01-01 $324,900 (18.2%) $398,573 (10.5%) 0.00 129
2022-02-01 $352,945 (18.7%) $488,749 (30.3%) 0.00 105
2022-03-01 $318,500 (6.4%) $434,935 (15.2%) 0.00 97
2022-04-01 $298,000 (-0.5%) $375,578 (-3.3%) 0.00 113
MANKATO's median listing price for 2022-04-01 was $298,000, a difference of $-1,450 (-0.5%) versus the prior year and $-20,500 versus the prior month.

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

MANKATO's average listing price for 2022-04-01 was $375,578, a difference of $-12,981 (-3.3%) versus the prior year and $-59,357 versus the prior month.

For the 2022-04-01 period, MANKATO had 113 MLS listings, a difference of 16 listings (16%) versus the prior month and -32 listings (-22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - MANKATO (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,189 sqft
2018-02-01 0 days 2,174 sqft
2018-03-01 0 days 2,170 sqft
2018-04-01 0 days 2,187 sqft
2018-05-01 0 days 2,174 sqft
2018-06-01 0 days 2,174 sqft
2018-07-01 0 days 2,172 sqft
2018-08-01 0 days 2,190 sqft
2018-09-01 0 days 2,186 sqft
2018-10-01 0 days 2,170 sqft
2018-11-01 0 days 2,169 sqft
2018-12-01 0 days 2,168 sqft
2019-01-01 0 days 2,214 sqft
2019-02-01 0 days 2,195 sqft
2019-03-01 0 days 2,185 sqft
2019-04-01 0 days 2,181 sqft
2019-05-01 0 days 2,186 sqft
2019-06-01 0 days 2,246 sqft
2019-07-01 0 days 2,277 sqft
2019-08-01 0 days 2,190 sqft
2019-09-01 0 days 2,136 sqft
2019-10-01 0 days 2,161 sqft
2019-11-01 0 days 2,156 sqft
2019-12-01 0 days 2,132 sqft
2020-01-01 0 days 2,101 sqft
2020-02-01 0 days 2,177 sqft
2020-03-01 0 days 2,261 sqft
2020-04-01 0 days 2,235 sqft
2020-05-01 0 days 2,292 sqft
2020-06-01 0 days 2,514 sqft
2020-07-01 0 days 2,592 sqft
2020-08-01 0 days 2,688 sqft
2020-09-01 0 days 2,675 sqft
2020-10-01 0 days 2,492 sqft
2020-11-01 0 days 2,415 sqft
2020-12-01 0 days 2,413 sqft
2021-01-01 0 days 2,504 sqft
2021-02-01 0 days 2,430 sqft
2021-03-01 0 days 2,438 sqft
2021-04-01 0 days 2,475 sqft
2021-05-01 0 days 2,552 sqft
2021-06-01 0 days 2,393 sqft
2021-07-01 0 days 2,379 sqft
2021-08-01 0 days 2,339 sqft
2021-09-01 0 days 2,243 sqft
2021-10-01 0 days 2,280 sqft
2021-11-01 0 days 2,260 sqft
2021-12-01 0 days 2,287 sqft
2022-01-01 0 days 2,347 sqft
2022-02-01 0 days 2,480 sqft
2022-03-01 0 days 2,458 sqft
2022-04-01 0 days 2,270 sqft
MANKATO's median listing age (time on market) for 2022-04-01 was 0 days.

MANKATO's median square footage for active listings during the 2022-04-01 period was 2,270 sqft. One year prior, the average listing was 2,475 sqft.