Marshall Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marshall averaged
7.04%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.97% and
one month ago for the week of 2025-05-15, the
average rate was 7.04%.
Marshall's average rate one year ago was 6.88%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.21%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Marshall 30 Year Fixed Rate | 2025-06-18 | 7.04% |
| Marshall 30 Year Fixed Rate Refi | 2025-06-18 | 7.21% |
| Marshall 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Marshall 15 Year Fixed Rate Refi | 2025-06-18 | 6.16% |
| Marshall 30 Year FHA | 2025-06-18 | 0.2% |
| Marshall 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Marshall 30 Year USDA | 2025-06-18 | 0% |
| Marshall 30 Year USDA Refi | 2025-06-18 | 0% |
| Marshall 30 Year VA | 2025-06-18 | -0.2% |
| Marshall 30 Year VA Refi | 2025-06-18 | -0.1% |
Marshall 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 Marshall, 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.).
Marshall Average Closing Costs & Other Stats
Marshall, MN's 37 lenders originated 321
loans during 2024. The total origination value was $60,155,000, with an average loan value of
$187,399.
Marshall's average closing costs are $4,201.
The top Marshall lender as defined by loan originations is Minnwest Bank, with
20 loans originated. Their average total fees are
$4,211, which is $266
lower than the next largest lender,
Bremer Bank.
The lowest fee Marshall lenders (with over 10 loans originated) are
U.S. Bank ($3,278), Minnwest Bank ($4,211), Bremer Bank ($4,477), UNITED WHOLESALE MORTGAGE, LLC ($5,358) and .
The lowest rate Marshall lenders (with over 10 loans originated) are
Minnwest Bank (6.38%), U.S. Bank (6.75%), UNITED WHOLESALE MORTGAGE, LLC (6.87%), Bremer Bank (6.94%) and .
Marshall, MN 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Profinium Inc. | $8,005,000 | n/a | 13.3% | |
| Bremer Bank | $8,410,000 | $6,175,000 | -26.6% | 10.3% |
| Minnwest Bank | $2,885,000 | $6,140,000 | 112.8% | 10.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,045,000 | $4,140,000 | -17.9% | 6.9% |
| QUICKEN LOANS, LLC | $3,050,000 | $3,220,000 | 5.6% | 5.4% |
| U.S. Bank | $4,085,000 | $3,010,000 | -26.3% | 5.0% |
| The Greenwood's State Bank | $2,890,000 | $2,805,000 | -2.9% | 4.7% |
| Mortgage Research Center, LLC | $730,000 | $2,380,000 | 226.0% | 4.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,670,000 | $2,155,000 | 29.0% | 3.6% |
| Plains Commerce Bank | $900,000 | $1,685,000 | 87.2% | 2.8% |
| Merchants Bank | $1,595,000 | $1,460,000 | -8.5% | 2.4% |
| MOVEMENT MORTGAGE, LLC | $165,000 | $1,015,000 | 515.2% | 1.7% |
| COMPEER FINANCIAL, FLCA | $580,000 | $935,000 | 61.2% | 1.6% |
| HomeTown Bank | $1,545,000 | $875,000 | -43.4% | 1.5% |
| BMO Harris Bank | $850,000 | $835,000 | -1.8% | 1.4% |
| Alerus Financial | $45,000 | $745,000 | 1,555.6% | 1.2% |
| Citizens Alliance Bank | $670,000 | $725,000 | 8.2% | 1.2% |
| First PREMIER Bank | $730,000 | $640,000 | -12.3% | 1.1% |
| Flagstar Bank, FSB | $1,260,000 | $640,000 | -49.2% | 1.1% |
| American Mortgage & Equity Consultants, Inc. | $490,000 | $630,000 | 28.6% | 1.0% |
| Prosperity Home Mortgage, LLC | $660,000 | $535,000 | -18.9% | 0.9% |
| JPMorgan Chase Bank | $95,000 | $485,000 | 410.5% | 0.8% |
| AgCountry Farm Credit Services, FLCA | $310,000 | $450,000 | 45.2% | 0.7% |
| PLAZA HOME MORTGAGE, INC. | $410,000 | n/a | 0.7% | |
| Midwest Bank | $465,000 | $405,000 | -12.9% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,395,000 | $400,000 | -71.3% | 0.7% |
| AMERICAN FINANCIAL NETWORK, INC. | $390,000 | n/a | 0.6% | |
| PLANET HOME LENDING, LLC | $350,000 | n/a | 0.6% | |
| SOUTHPOINT FINANCIAL | $295,000 | $345,000 | 16.9% | 0.6% |
| Servion, Inc. | $155,000 | $340,000 | 119.4% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $290,000 | $335,000 | 15.5% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $145,000 | $325,000 | 124.1% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $885,000 | $310,000 | -65.0% | 0.5% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $295,000 | n/a | 0.5% | |
| AFFINITY PLUS | $330,000 | $280,000 | -15.2% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $280,000 | n/a | 0.5% | |
| Citizens Bank | $255,000 | n/a | 0.4% | |
| NBKC BANK | $295,000 | $255,000 | -13.6% | 0.4% |
| First International Bank & Trust | $235,000 | n/a | 0.4% | |
| Granite Community Bank | $235,000 | n/a | 0.4% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $225,000 | $225,000 | 0.0% | 0.4% |
| Discover Bank | $35,000 | $225,000 | 542.9% | 0.4% |
| Loan Simple, Inc. | $225,000 | n/a | 0.4% | |
| Gate City Bank | $435,000 | $215,000 | -50.6% | 0.4% |
| EVERETT FINANCIAL, INC. | $215,000 | $210,000 | -2.3% | 0.3% |
| First Dakota National Bank | $210,000 | n/a | 0.3% | |
| LENDINGHOME FUNDING CORPORATION | $205,000 | n/a | 0.3% | |
| Premier Bank | $195,000 | n/a | 0.3% | |
| CMG MORTGAGE, INC. | $185,000 | n/a | 0.3% | |
| PREMIER LENDING, INC. | $180,000 | n/a | 0.3% | |
| BLACK HILLS FEDERAL CREDIT UNION | $175,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $170,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $125,000 | $165,000 | 32.0% | 0.3% |
| First National Bank of Omaha | $165,000 | n/a | 0.3% | |
| TOP FLITE FINANCIAL, INC. | $165,000 | n/a | 0.3% | |
| Third Federal Savings and Loan Association of Cleveland | $135,000 | $155,000 | 14.8% | 0.3% |
| Heritage Bank | $145,000 | n/a | 0.2% | |
| NEWREZ LLC | $535,000 | $145,000 | -72.9% | 0.2% |
| Wells Fargo Bank | $995,000 | $140,000 | -85.9% | 0.2% |
| The Huntington National Bank | $130,000 | n/a | 0.2% | |
| Arvest Bank | $125,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $125,000 | n/a | 0.2% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $195,000 | $120,000 | -38.5% | 0.2% |
| NEW DAY FINANCIAL, LLC | $95,000 | n/a | 0.2% | |
| CORTRUST MORTGAGE, INC. | $75,000 | n/a | 0.1% | |
| Deere Employees Credit Union | $75,000 | n/a | 0.1% | |
| Frandsen Bank & Trust | $435,000 | $75,000 | -82.8% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $75,000 | n/a | 0.1% | |
| LOANDEPOT.COM, LLC | $65,000 | $75,000 | 15.4% | 0.1% |
| CARDINAL FINANCIAL | $65,000 | n/a | 0.1% | |
| Coastal Community Bank | $35,000 | $55,000 | 57.1% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $55,000 | n/a | 0.1% | |
| Figure Lending LLC | $45,000 | n/a | 0.1% | |
| First Alliance Credit Union | $45,000 | n/a | 0.1% | |
| AFFINITY | $35,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $35,000 | n/a | 0.1% |
Marshall's top lender by overall market share is Profinium Inc., with 13.3% market share. In second place, with 10.3%, is Bremer Bank, having originated $6,175,000 in loans. In third place, with 10.2%, is Minnwest Bank, having originated $6,140,000 in loans. In fourth place, with 6.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,140,000 in loans. In fifth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $3,220,000 in loans.
Marshall, MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 201 | $45,805,000 | $227,886 |
| Cash Out Refi | 41 | $5,605,000 | $136,707 |
| Other | 28 | $3,300,000 | $117,857 |
| Home Improvement | 26 | $1,170,000 | $45,000 |
| Refi | 25 | $4,275,000 | $171,000 |
Marshall's most frequently cited loan purpose was Home Purchase, with 201 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 127 | $22,755,000 | $179,173 |
| 7-8% | 71 | $14,745,000 | $207,676 |
| Over 8% | 62 | $5,680,000 | $91,613 |
| 5-6% | 31 | $5,635,000 | $181,774 |
| <2.5% | 16 | $300,000 | $18,750 |
| 4-5% | 2 | $450,000 | $225,000 |
| 3-4% | 1 | $615,000 | $615,000 |
During 2024, Marshall's most frequently originated rate bucket was 6-7%, with 127 originations.
Loan Sizing (Marshall, MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 121 | $18,455,000 | $152,521 |
| $100,000 or less | 116 | $6,020,000 | $51,897 |
| $200k-400k | 69 | $18,085,000 | $262,101 |
| $400k-600k | 9 | $4,175,000 | $463,889 |
| $600k-1000k | 4 | $2,610,000 | $652,500 |
| $Over $1MM | 2 | $10,810,000 | $5,405,000 |
Marshall's loan sizing saw the bucket of loans from $100k-200k with 121 originations, totaling $18,455,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 140 | $27,700,000 | $197,857 |
| 60-80% | 64 | $14,560,000 | $227,500 |
| Under 20% | 45 | $1,285,000 | $28,556 |
| 20-40% | 34 | $2,270,000 | $66,765 |
| 40-60% | 22 | $3,000,000 | $136,364 |
| Over 100% | 2 | $800,000 | $400,000 |
Marshall's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 140 originations, totaling $27,700,000 in origination value.