Marshall Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marshall averaged
6.19%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.05% and
one month ago for the week of 2024-08-29, the
average rate was 6.32%.
Marshall's average rate one year ago was 7.38%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.02%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Marshall 30 Year Fixed Rate | 2024-10-03 | 6.19% |
Marshall 30 Year Fixed Rate Refi | 2024-10-03 | 6.02% |
Marshall 15 Year Fixed Rate | 2024-10-03 | 5.05% |
Marshall 15 Year Fixed Rate Refi | 2024-10-03 | 5.45% |
Marshall 30 Year FHA | 2024-10-03 | 5.79% |
Marshall 30 Year FHA Refi | 2024-10-03 | 5.69% |
Marshall 30 Year USDA | 2024-10-03 | 6.07% |
Marshall 30 Year USDA Refi | 2024-10-03 | 6.07% |
Marshall 30 Year VA | 2024-10-03 | 5.8% |
Marshall 30 Year VA Refi | 2024-10-03 | 5.7% |
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 39 lenders originated 320
loans during 2023. The total origination value was $66,320,000, with an average loan value of
$207,250.
Marshall's average closing costs are $4,113.
The top Marshall lender as defined by loan originations is Bremer Bank, with
27 loans originated. Their average total fees are
$4,755, which is $683
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Marshall lenders (with over 10 loans originated) are
U.S. Bank ($2,728), Minnwest Bank ($3,795), Bremer Bank ($4,755), UNITED WHOLESALE MORTGAGE, LLC ($5,439) and .
The lowest rate Marshall lenders (with over 10 loans originated) are
Minnwest Bank (6.28%), Bremer Bank (6.80%), U.S. Bank (7.09%), UNITED WHOLESALE MORTGAGE, LLC (7.17%) 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
JONES LANG LASALLE MULTIFAMILY, LLC | $11,285,000 | n/a | 17.0% | |
Bremer Bank | $13,030,000 | $8,410,000 | -35.5% | 12.7% |
UNITED WHOLESALE MORTGAGE, LLC | $5,150,000 | $5,045,000 | -2.0% | 7.6% |
U.S. Bank | $3,770,000 | $4,085,000 | 8.4% | 6.2% |
BankVista | $3,355,000 | n/a | 5.1% | |
QUICKEN LOANS, LLC | $3,395,000 | $3,050,000 | -10.2% | 4.6% |
The Greenwood's State Bank | $2,890,000 | $2,890,000 | 0.0% | 4.4% |
Minnwest Bank | $5,365,000 | $2,885,000 | -46.2% | 4.4% |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,775,000 | $1,670,000 | -5.9% | 2.5% |
Merchants Bank | $1,565,000 | $1,595,000 | 1.9% | 2.4% |
HomeTown Bank | $1,020,000 | $1,545,000 | 51.5% | 2.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $460,000 | $1,395,000 | 203.3% | 2.1% |
Flagstar Bank, FSB | $1,615,000 | $1,260,000 | -22.0% | 1.9% |
Wells Fargo Bank | $2,205,000 | $995,000 | -54.9% | 1.5% |
Plains Commerce Bank | $1,270,000 | $900,000 | -29.1% | 1.4% |
CROSSCOUNTRY MORTGAGE, LLC | $1,950,000 | $885,000 | -54.6% | 1.3% |
BMO Harris Bank | $850,000 | n/a | 1.3% | |
First PREMIER Bank | $730,000 | n/a | 1.1% | |
Mortgage Research Center, LLC | $2,140,000 | $730,000 | -65.9% | 1.1% |
Citizens Alliance Bank | $385,000 | $670,000 | 74.0% | 1.0% |
Prosperity Home Mortgage, LLC | $505,000 | $660,000 | 30.7% | 1.0% |
COMPEER FINANCIAL, FLCA | $330,000 | $580,000 | 75.8% | 0.9% |
NEWREZ LLC | $45,000 | $535,000 | 1,088.9% | 0.8% |
USAA Federal Savings Bank | $75,000 | $535,000 | 613.3% | 0.8% |
First Bank & Trust | $755,000 | $495,000 | -34.4% | 0.7% |
American Mortgage & Equity Consultants, Inc. | $395,000 | $490,000 | 24.1% | 0.7% |
Midwest Bank | $465,000 | n/a | 0.7% | |
Frandsen Bank & Trust | $435,000 | n/a | 0.7% | |
Gate City Bank | $435,000 | n/a | 0.7% | |
IOWA BANKERS MORTGAGE CORPORATION | $295,000 | $425,000 | 44.1% | 0.6% |
MASON MCDUFFIE MORTGAGE CORPORATION | $355,000 | n/a | 0.5% | |
AFFINITY PLUS | $340,000 | $330,000 | -2.9% | 0.5% |
United Prairie Bank | $315,000 | n/a | 0.5% | |
AgCountry Farm Credit Services, FLCA | $300,000 | $310,000 | 3.3% | 0.5% |
EMM LOANS LLC | $295,000 | n/a | 0.4% | |
NBKC BANK | $535,000 | $295,000 | -44.9% | 0.4% |
SOUTHPOINT FINANCIAL | $125,000 | $295,000 | 136.0% | 0.4% |
AMERISAVE MORTGAGE CORPORATION | $410,000 | $290,000 | -29.3% | 0.4% |
WINGS FINANCIAL | $265,000 | n/a | 0.4% | |
Bank of America | $75,000 | $255,000 | 240.0% | 0.4% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $225,000 | n/a | 0.3% | |
EVERETT FINANCIAL, INC. | $1,150,000 | $215,000 | -81.3% | 0.3% |
Citizens Bank Minnesota | $205,000 | n/a | 0.3% | |
First Interstate Bank | $760,000 | $205,000 | -73.0% | 0.3% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $385,000 | $195,000 | -49.4% | 0.3% |
DRAPER AND KRAMER MORTGAGE CORP. | $175,000 | n/a | 0.3% | |
ALTRA | $165,000 | n/a | 0.2% | |
MOVEMENT MORTGAGE, LLC | $495,000 | $165,000 | -66.7% | 0.2% |
HIWAY | $225,000 | $155,000 | -31.1% | 0.2% |
Home Federal Savings Bank | $330,000 | $155,000 | -53.0% | 0.2% |
Servion, Inc. | $55,000 | $155,000 | 181.8% | 0.2% |
Bell Bank | $150,000 | n/a | 0.2% | |
Northwest Bank | $145,000 | n/a | 0.2% | |
PENNYMAC LOAN SERVICES, LLC | $260,000 | $145,000 | -44.2% | 0.2% |
Third Federal Savings and Loan Association of Cleveland | $135,000 | n/a | 0.2% | |
Bank Midwest | $35,000 | $125,000 | 257.1% | 0.2% |
BROKER SOLUTIONS, INC. | $310,000 | $125,000 | -59.7% | 0.2% |
CRESCENT MORTGAGE COMPANY | $2,000,000 | $115,000 | -94.3% | 0.2% |
Bank of the West | $2,120,000 | $105,000 | -95.0% | 0.2% |
JPMorgan Chase Bank | $120,000 | $95,000 | -20.8% | 0.1% |
Axos Bank | $85,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $320,000 | $75,000 | -76.6% | 0.1% |
LOANDEPOT.COM, LLC | $335,000 | $65,000 | -80.6% | 0.1% |
FINANCE OF AMERICA REVERSE LLC | $55,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $115,000 | $55,000 | -52.2% | 0.1% |
Alerus Financial | $45,000 | n/a | 0.1% | |
Coastal Community Bank | $35,000 | n/a | 0.1% | |
Discover Bank | $55,000 | $35,000 | -36.4% | 0.1% |
Marshall's top lender by overall market share is JONES LANG LASALLE MULTIFAMILY, LLC, with 17.0% market share. In second place, with 12.7%, is Bremer Bank, having originated $8,410,000 in loans. In third place, with 7.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $5,045,000 in loans. In fourth place, with 6.2%, is U.S. Bank, having originated $4,085,000 in loans. In fifth place, with 5.1%, is BankVista, having originated $3,355,000 in loans.
Marshall Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Marshall (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 | $116,000 (-12.1%) | $149,103 (-6.9%) | 0.00 | 56 |
2018-02-01 | $115,000 (-16.8%) | $151,039 (-7.6%) | 0.00 | 58 |
2018-03-01 | $129,000 (-10.0%) | $154,239 (-6.7%) | 0.00 | 67 |
2018-04-01 | $140,702 (5.4%) | $156,777 (-3.3%) | 0.00 | 70 |
2018-05-01 | $141,200 (2.7%) | $150,013 (-7.5%) | 0.00 | 74 |
2018-06-01 | $132,450 (-11.4%) | $143,689 (-17.6%) | 0.00 | 80 |
2018-07-01 | $125,000 (-18.3%) | $144,988 (-17.3%) | 0.00 | 83 |
2018-08-01 | $132,000 (-5.7%) | $150,951 (-6.6%) | 0.00 | 88 |
2018-09-01 | $125,000 (-3.9%) | $153,184 (-2.0%) | 0.00 | 95 |
2018-10-01 | $127,500 (0.2%) | $157,108 (-0.1%) | 0.00 | 92 |
2018-11-01 | $146,000 (16.2%) | $161,861 (4.2%) | 0.00 | 99 |
2018-12-01 | $122,500 (-4.9%) | $153,324 (-0.5%) | 0.00 | 95 |
2019-01-01 | $137,000 (18.1%) | $158,455 (6.3%) | 0.00 | 82 |
2019-02-01 | $141,000 (22.6%) | $162,063 (7.3%) | 0.00 | 89 |
2019-03-01 | $144,443 (12.0%) | $160,227 (3.9%) | 0.00 | 95 |
2019-04-01 | $144,393 (2.6%) | $156,011 (-0.5%) | 0.00 | 105 |
2019-05-01 | $145,950 (3.4%) | $159,612 (6.4%) | 0.00 | 100 |
2019-06-01 | $139,900 (5.6%) | $156,308 (8.8%) | 0.00 | 99 |
2019-07-01 | $142,200 (13.8%) | $157,895 (8.9%) | 0.00 | 120 |
2019-08-01 | $138,100 (4.6%) | $156,300 (3.5%) | 0.00 | 120 |
2019-09-01 | $136,075 (8.9%) | $155,282 (1.4%) | 0.00 | 118 |
2019-10-01 | $134,975 (5.9%) | $155,971 (-0.7%) | 0.00 | 117 |
2019-11-01 | $139,900 (-4.2%) | $162,266 (0.3%) | 0.00 | 106 |
2019-12-01 | $134,900 (10.1%) | $159,257 (3.9%) | 0.00 | 90 |
2020-01-01 | $138,675 (1.2%) | $158,110 (-0.2%) | 0.00 | 79 |
2020-02-01 | $125,000 (-11.4%) | $154,226 (-4.8%) | 0.00 | 84 |
2020-03-01 | $130,325 (-9.8%) | $159,114 (-0.7%) | 0.00 | 82 |
2020-04-01 | $128,725 (-10.9%) | $157,502 (1.0%) | 0.00 | 86 |
2020-05-01 | $127,450 (-12.7%) | $161,099 (0.9%) | 0.00 | 86 |
2020-06-01 | $140,725 (0.6%) | $169,812 (8.6%) | 0.00 | 92 |
2020-07-01 | $134,925 (-5.1%) | $171,721 (8.8%) | 0.00 | 99 |
2020-08-01 | $124,500 (-9.9%) | $167,922 (7.4%) | 0.00 | 82 |
2020-09-01 | $119,500 (-12.2%) | $162,089 (4.4%) | 0.00 | 79 |
2020-10-01 | $122,000 (-9.6%) | $158,236 (1.5%) | 0.00 | 81 |
2020-11-01 | $116,950 (-16.4%) | $151,076 (-6.9%) | 0.00 | 70 |
2020-12-01 | $102,100 (-24.3%) | $143,676 (-9.8%) | 0.00 | 63 |
2021-01-01 | $115,000 (-17.1%) | $147,987 (-6.4%) | 0.00 | 46 |
2021-02-01 | $110,125 (-11.9%) | $143,171 (-7.2%) | 0.00 | 45 |
2021-03-01 | $105,000 (-19.4%) | $140,196 (-11.9%) | 0.00 | 38 |
2021-04-01 | $112,750 (-12.4%) | $151,140 (-4.0%) | 0.00 | 34 |
2021-05-01 | $132,500 (4.0%) | $150,495 (-6.6%) | 0.00 | 41 |
2021-06-01 | $150,000 (6.6%) | $167,983 (-1.1%) | 0.00 | 45 |
2021-07-01 | $164,950 (22.3%) | $190,830 (11.1%) | 0.00 | 48 |
2021-08-01 | $153,750 (23.5%) | $181,487 (8.1%) | 0.00 | 43 |
2021-09-01 | $148,125 (24.0%) | $176,552 (8.9%) | 0.00 | 45 |
2021-10-01 | $142,000 (16.4%) | $178,009 (12.5%) | 0.00 | 40 |
2021-11-01 | $148,875 (27.3%) | $216,271 (43.2%) | 0.00 | 36 |
2021-12-01 | $189,475 (85.6%) | $231,002 (60.8%) | 0.00 | 32 |
2022-01-01 | $199,900 (73.8%) | $239,466 (61.8%) | 0.00 | 25 |
2022-02-01 | $199,900 (81.5%) | $231,829 (61.9%) | 0.00 | 21 |
2022-03-01 | $162,250 (54.5%) | $221,035 (57.7%) | 0.00 | 18 |
2022-04-01 | $157,500 (39.7%) | $230,575 (52.6%) | 0.00 | 16 |
2022-05-01 | $189,750 (43.2%) | $251,221 (66.9%) | 0.00 | 24 |
2022-06-01 | $188,750 (25.8%) | $266,127 (58.4%) | 0.00 | 28 |
2022-07-01 | $179,900 (9.1%) | $263,912 (38.3%) | 0.00 | 32 |
2022-08-01 | $173,450 (12.8%) | $251,285 (38.5%) | 0.00 | 32 |
2022-09-01 | $168,500 (13.8%) | $245,982 (39.3%) | 0.00 | 35 |
2022-10-01 | $195,000 (37.3%) | $233,310 (31.1%) | 0.00 | 35 |
2022-11-01 | $143,725 (-3.5%) | $200,449 (-7.3%) | 0.00 | 41 |
2022-12-01 | $140,000 (-26.1%) | $193,170 (-16.4%) | 0.00 | 33 |
2023-01-01 | $143,000 (-28.5%) | $193,094 (-19.4%) | 0.00 | 28 |
2023-02-01 | $184,875 (-7.5%) | $219,269 (-5.4%) | 0.00 | 27 |
2023-03-01 | $180,592 (11.3%) | $216,972 (-1.8%) | 0.00 | 20 |
2023-04-01 | $197,369 (25.3%) | $222,226 (-3.6%) | 0.00 | 25 |
2023-05-01 | $240,750 (26.9%) | $272,238 (8.4%) | 0.00 | 25 |
2023-06-01 | $228,750 (21.2%) | $259,272 (-2.6%) | 0.00 | 30 |
2023-07-01 | $234,000 (30.1%) | $254,732 (-3.5%) | 0.00 | 29 |
2023-08-01 | $234,500 (35.2%) | $257,653 (2.5%) | 0.00 | 35 |
2023-09-01 | $240,000 (42.4%) | $273,517 (11.2%) | 0.00 | 40 |
2023-10-01 | $252,000 (29.2%) | $262,227 (12.4%) | 0.00 | 43 |
2023-11-01 | $233,250 (62.3%) | $233,967 (16.7%) | 0.00 | 37 |
2023-12-01 | $217,500 (55.4%) | $215,560 (11.6%) | 0.00 | 33 |
2024-01-01 | $213,750 (49.5%) | $216,754 (12.3%) | 0.00 | 30 |
2024-02-01 | $187,500 (1.4%) | $211,105 (-3.7%) | 0.00 | 31 |
2024-03-01 | $205,000 (13.5%) | $227,527 (4.9%) | 0.00 | 35 |
2024-04-01 | $177,000 (-10.3%) | $234,533 (5.5%) | 0.00 | 33 |
2024-05-01 | $262,500 (9.0%) | $262,099 (-3.7%) | 0.00 | 35 |
2024-06-01 | $275,000 (20.2%) | $267,388 (3.1%) | 0.00 | 32 |
2024-07-01 | $240,500 (2.8%) | $234,399 (-8.0%) | 0.00 | 34 |
2024-08-01 | $257,000 (9.6%) | $257,354 (-0.1%) | 0.00 | 44 |
2024-09-01 | $249,750 (4.1%) | $257,103 (-6.0%) | 0.00 | 44 |
Marshall's median listing price comes in at 0% of the national average.
Marshall's average listing price for 2024-09-01 was $257,103, a difference of $-16,414 (-6.0%) versus the prior year and $-251 versus the prior month.
For the 2024-09-01 period, Marshall had 44 MLS listings, a difference of 0 listings (0%) versus the prior month and 4 listings (10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Marshall (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,143 sqft |
2018-02-01 | 0 days | 2,117 sqft |
2018-03-01 | 0 days | 2,212 sqft |
2018-04-01 | 0 days | 2,281 sqft |
2018-05-01 | 0 days | 2,196 sqft |
2018-06-01 | 0 days | 2,184 sqft |
2018-07-01 | 0 days | 2,086 sqft |
2018-08-01 | 0 days | 2,189 sqft |
2018-09-01 | 0 days | 2,184 sqft |
2018-10-01 | 0 days | 2,222 sqft |
2018-11-01 | 0 days | 2,245 sqft |
2018-12-01 | 0 days | 2,245 sqft |
2019-01-01 | 0 days | 2,325 sqft |
2019-02-01 | 0 days | 2,233 sqft |
2019-03-01 | 0 days | 2,050 sqft |
2019-04-01 | 0 days | 1,840 sqft |
2019-05-01 | 0 days | 1,846 sqft |
2019-06-01 | 0 days | 1,845 sqft |
2019-07-01 | 0 days | 1,870 sqft |
2019-08-01 | 0 days | 1,867 sqft |
2019-09-01 | 0 days | 1,879 sqft |
2019-10-01 | 0 days | 1,887 sqft |
2019-11-01 | 0 days | 1,845 sqft |
2019-12-01 | 0 days | 1,832 sqft |
2020-01-01 | 0 days | 1,779 sqft |
2020-02-01 | 0 days | 1,790 sqft |
2020-03-01 | 0 days | 1,830 sqft |
2020-04-01 | 0 days | 1,842 sqft |
2020-05-01 | 0 days | 1,851 sqft |
2020-06-01 | 0 days | 1,874 sqft |
2020-07-01 | 0 days | 1,856 sqft |
2020-08-01 | 0 days | 1,843 sqft |
2020-09-01 | 0 days | 1,774 sqft |
2020-10-01 | 0 days | 1,728 sqft |
2020-11-01 | 0 days | 1,664 sqft |
2020-12-01 | 0 days | 1,625 sqft |
2021-01-01 | 0 days | 1,655 sqft |
2021-02-01 | 0 days | 1,700 sqft |
2021-03-01 | 0 days | 1,720 sqft |
2021-04-01 | 0 days | 1,728 sqft |
2021-05-01 | 0 days | 1,695 sqft |
2021-06-01 | 0 days | 1,800 sqft |
2021-07-01 | 0 days | 1,898 sqft |
2021-08-01 | 0 days | 1,814 sqft |
2021-09-01 | 0 days | 1,831 sqft |
2021-10-01 | 0 days | 1,792 sqft |
2021-11-01 | 0 days | 1,775 sqft |
2021-12-01 | 0 days | 1,790 sqft |
2022-01-01 | 0 days | 1,936 sqft |
2022-02-01 | 0 days | 2,241 sqft |
2022-03-01 | 0 days | 2,239 sqft |
2022-04-01 | 0 days | 2,228 sqft |
2022-05-01 | 0 days | 1,873 sqft |
2022-06-01 | 0 days | 1,833 sqft |
2022-07-01 | 0 days | 1,890 sqft |
2022-08-01 | 0 days | 1,755 sqft |
2022-09-01 | 0 days | 1,681 sqft |
2022-10-01 | 0 days | 1,885 sqft |
2022-11-01 | 0 days | 1,757 sqft |
2022-12-01 | 0 days | 1,753 sqft |
2023-01-01 | 0 days | 1,752 sqft |
2023-02-01 | 0 days | 1,854 sqft |
2023-03-01 | 0 days | 1,794 sqft |
2023-04-01 | 0 days | 1,750 sqft |
2023-05-01 | 0 days | 1,900 sqft |
2023-06-01 | 0 days | 1,900 sqft |
2023-07-01 | 0 days | 1,960 sqft |
2023-08-01 | 0 days | 1,932 sqft |
2023-09-01 | 0 days | 1,978 sqft |
2023-10-01 | 0 days | 1,886 sqft |
2023-11-01 | 0 days | 1,784 sqft |
2023-12-01 | 0 days | 1,742 sqft |
2024-01-01 | 0 days | 1,775 sqft |
2024-02-01 | 0 days | 1,800 sqft |
2024-03-01 | 0 days | 1,800 sqft |
2024-04-01 | 0 days | 1,708 sqft |
2024-05-01 | 0 days | 1,987 sqft |
2024-06-01 | 0 days | 2,008 sqft |
2024-07-01 | 0 days | 2,002 sqft |
2024-08-01 | 0 days | 2,109 sqft |
2024-09-01 | 0 days | 2,031 sqft |
Marshall's median square footage for active listings during the 2024-09-01 period was 2,031 sqft. One year prior, the average listing was 1,978 sqft.
Marshall, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 219 | $42,665,000 | $194,817 |
Other | 34 | $2,850,000 | $83,824 |
Cash Out Refi | 30 | $15,300,000 | $510,000 |
Refi | 26 | $4,590,000 | $176,538 |
Home Improvement | 11 | $915,000 | $83,182 |
Marshall's most frequently cited loan purpose was Home Purchase, with 219 originations. The 2nd most popular reason was Other, with 34 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 113 | $19,875,000 | $175,885 |
7-8% | 83 | $13,775,000 | $165,964 |
Over 8% | 53 | $4,805,000 | $90,660 |
5-6% | 44 | $7,480,000 | $170,000 |
<2.5% | 5 | $75,000 | $15,000 |
4-5% | 5 | $14,595,000 | $2,919,000 |
3-4% | 1 | $345,000 | $345,000 |
During 2023, Marshall's most frequently originated rate bucket was 6-7%, with 113 originations.
Loan Sizing (Marshall, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 140 | $20,790,000 | $148,500 |
$100,000 or less | 99 | $5,515,000 | $55,707 |
$200k-400k | 68 | $17,520,000 | $257,647 |
$400k-600k | 7 | $3,315,000 | $473,571 |
$600k-1000k | 3 | $2,615,000 | $871,667 |
$Over $1MM | 3 | $16,565,000 | $5,521,667 |
Marshall's loan sizing saw the bucket of loans from $100k-200k with 140 originations, totaling $20,790,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 155 | $28,895,000 | $186,419 |
60-80% | 62 | $21,760,000 | $350,968 |
20-40% | 36 | $3,410,000 | $94,722 |
Under 20% | 27 | $965,000 | $35,741 |
40-60% | 21 | $5,045,000 | $240,238 |
Over 100% | 3 | $875,000 | $291,667 |
Marshall's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 155 originations, totaling $28,895,000 in origination value.