Marshalltown 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 Marshalltown averaged 6.68% 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 6.66% and one month ago for the week of 2024-03-14, the average rate was 6.72%.

    Marshalltown's average rate one year ago was 6.05%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.4%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Marshalltown 30 Year Fixed Rate 2024-04-18 6.68%
    Marshalltown 30 Year Fixed Rate Refi 2024-04-18 7.4%
    Marshalltown 15 Year Fixed Rate 2024-04-18 6.59%
    Marshalltown 15 Year Fixed Rate Refi 2024-04-18 6.79%
    Marshalltown 30 Year FHA 2024-04-18 6.91%
    Marshalltown 30 Year FHA Refi 2024-04-18 6.96%
    Marshalltown 30 Year USDA 2024-04-18 7.06%
    Marshalltown 30 Year USDA Refi 2024-04-18 6.76%
    Marshalltown 30 Year VA 2024-04-18 6.66%
    Marshalltown 30 Year VA Refi 2024-04-18 6.86%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Marshalltown, IA.

    Marshalltown 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 Marshalltown, IA 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
    IOWA BANKERS MORTGAGE CORPORATION 35 6.30% $2,740
    GUARANTEED RATE, INC. 17 6.66% $4,329
    GREENSTATE CREDIT UNION 11 6.64% $2,157
    MEMBERS1st Community Credit Union 11 5.97% $3,974
    COMMUNITY 1ST CREDIT UNION 11 6.48% $2,677
    Wells Fargo Bank 10 6.84% $5,378
    VERIDIAN CREDIT UNION 10 6.61% $1,954
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 6.66% $4,533
    QUICKEN LOANS, LLC 8 6.63% $5,600
    U.S. Bank 6 6.65% $2,888
    Home Federal Savings Bank 5 6.15% $3,064
    Lincoln Savings Bank 5 6.73% $2,952
    UNITED WHOLESALE MORTGAGE, LLC 4 7.24% $4,212
    GUILD MORTGAGE COMPANY 3 6.88% $5,051
    Bank Iowa 3 6.37% $2,677
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.95% $4,793
    Farm Credit Mid-America, ACA 3 6.75% $7,570
    First Interstate Bank 3 7.29% $3,544
    MidWestOne Bank 3 6.33% $4,226
    NAVY FEDERAL CREDIT UNION 2 6.38% $1,317
    Barrington Bank & Trust Company, N.A. 2 8.06% $4,750
    HOMESERVICES LENDING, LLC 2 7.00% $5,276
    Northwest Bank 2 6.75% $8,866
    PENNYMAC LOAN SERVICES, LLC 2 7.19% $3,112
    HOMESIDE FINANCIAL, LLC 1 6.38% $3,655
    FRONTIER FINANCIAL, INC. 1 7.13% $1,035
    JPMorgan Chase Bank 1 6.25% $1,841
    LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $5,869
    FREEDOM MORTGAGE CORPORATION 1 6.75% $4,444
    MARINE 1 9.13% $3,176
    Fortress Bank 1 6.75% $3,032
    Flagstar Bank, FSB 1 7.54% $4,417
    Ally Bank 1 5.50% $8,240
    NEWREZ LLC 1 6.63% $5,982
    Community Choice Credit Union 1 7.63% $5,234
    Capitol Federal Savings Bank 1 6.00% $2,625
    Farmers State Bank 1 6.50% $2,002
    Tradesmen Community Credit Union 1 7.00% $5,334
    DUPACO COMMUNITY 1 6.63% $2,168
    USAA Federal Savings Bank 1 5.75% $8,932
    GERSHMAN INVESTMENT CORP. 1 7.25% $2,684
    Gateway First Bank 1 6.50% $2,992
    COMPASS MORTGAGE, INC. 1 7.25% $5,788

    Marshalltown Average Closing Costs & Other Stats

    Marshalltown, IA's 43 lenders originated 494 loans during 2023. The total origination value was $63,920,000, with an average loan value of $129,393.

    Marshalltown's average closing costs are $3,750.

    The top Marshalltown lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with 35 loans originated. Their average total fees are $2,740, which is $1,589 lower than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Marshalltown lenders (with over 10 loans originated) are VERIDIAN CREDIT UNION ($1,954), GREENSTATE CREDIT UNION ($2,157), COMMUNITY 1ST CREDIT UNION ($2,677), IOWA BANKERS MORTGAGE CORPORATION ($2,740) and MEMBERS1st Community Credit Union ($3,974).

    The lowest rate Marshalltown lenders (with over 10 loans originated) are MEMBERS1st Community Credit Union (5.97%), IOWA BANKERS MORTGAGE CORPORATION (6.30%), COMMUNITY 1ST CREDIT UNION (6.48%), VERIDIAN CREDIT UNION (6.61%) and GREENSTATE CREDIT UNION (6.64%).

    Marshalltown, IA 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
    IOWA BANKERS MORTGAGE CORPORATION $9,720,000 $6,830,000 -29.7% 10.7%
    GUARANTEED RATE, INC. $9,495,000 $6,645,000 -30.0% 10.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $1,855,000 $3,320,000 79.0% 5.2%
    GREENSTATE CREDIT UNION $3,365,000 $2,920,000 -13.2% 4.6%
    QUICKEN LOANS, LLC $6,070,000 $2,545,000 -58.1% 4.0%
    Wells Fargo Bank $3,120,000 $2,250,000 -27.9% 3.5%
    VERIDIAN CREDIT UNION $3,110,000 $2,190,000 -29.6% 3.4%
    Lincoln Savings Bank $1,580,000 $2,010,000 27.2% 3.1%
    GNB Bank $3,730,000 $1,865,000 -50.0% 2.9%
    MEMBERS1st Community Credit Union $3,735,000 $1,850,000 -50.5% 2.9%
    MidWestOne Bank $2,650,000 $1,645,000 -37.9% 2.6%
    COMMUNITY 1ST CREDIT UNION $170,000 $1,560,000 817.6% 2.4%
    GUILD MORTGAGE COMPANY $335,000 $1,455,000 334.3% 2.3%
    Mortgage Research Center, LLC $1,770,000 $1,445,000 -18.4% 2.3%
    U.S. Bank $2,385,000 $1,365,000 -42.8% 2.1%
    UNITED WHOLESALE MORTGAGE, LLC $370,000 $1,355,000 266.2% 2.1%
    Northwest Bank $525,000 $1,205,000 129.5% 1.9%
    Ixonia Bank $125,000 $1,165,000 832.0% 1.8%
    Farm Credit Mid-America, ACA $95,000 $1,085,000 1,042.1% 1.7%
    BROKER SOLUTIONS, INC. $400,000 $915,000 128.8% 1.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,240,000 $875,000 -29.4% 1.4%
    Home Federal Savings Bank $595,000 $830,000 39.5% 1.3%
    First Bankers Trust Company $790,000 n/a 1.2%
    Bank Iowa $240,000 $700,000 191.7% 1.1%
    First Interstate Bank $2,030,000 $570,000 -71.9% 0.9%
    PENNYMAC LOAN SERVICES, LLC $385,000 $545,000 41.6% 0.9%
    First National Bank, Ames, Iowa $6,275,000 $525,000 -91.6% 0.8%
    GERSHMAN INVESTMENT CORP. $675,000 $480,000 -28.9% 0.8%
    HOMESIDE FINANCIAL, LLC $360,000 $465,000 29.2% 0.7%
    Flagstar Bank, FSB $1,440,000 $435,000 -69.8% 0.7%
    HOMESERVICES LENDING, LLC $420,000 n/a 0.7%
    NEWREZ LLC $410,000 n/a 0.6%
    V.I.P. MORTGAGE, INC. $95,000 $370,000 289.5% 0.6%
    Barrington Bank & Trust Company, N.A. $230,000 $365,000 58.7% 0.6%
    Farmers State Bank $155,000 $285,000 83.9% 0.4%
    Community Choice Credit Union $380,000 $255,000 -32.9% 0.4%
    NAVY FEDERAL CREDIT UNION $75,000 $250,000 233.3% 0.4%
    OPEN MORTGAGE, LLC $635,000 $245,000 -61.4% 0.4%
    USAA Federal Savings Bank $335,000 $225,000 -32.8% 0.4%
    Availa Bank $1,170,000 $220,000 -81.2% 0.3%
    Tradesmen Community Credit Union $220,000 n/a 0.3%
    COMPASS MORTGAGE, INC. $330,000 $205,000 -37.9% 0.3%
    DUPACO COMMUNITY $925,000 $205,000 -77.8% 0.3%
    ENVOY MORTGAGE, LTD $205,000 n/a 0.3%
    Capitol Federal Savings Bank $405,000 $185,000 -54.3% 0.3%
    Figure Lending LLC $185,000 n/a 0.3%
    LOANDEPOT.COM, LLC $450,000 $185,000 -58.9% 0.3%
    PREMIA MORTGAGE, LLC $135,000 $185,000 37.0% 0.3%
    Gateway First Bank $125,000 $175,000 40.0% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $130,000 $175,000 34.6% 0.3%
    Green Belt Bank & Trust $120,000 $170,000 41.7% 0.3%
    Ally Bank $400,000 $165,000 -58.8% 0.3%
    Fortress Bank $155,000 n/a 0.2%
    CMG MORTGAGE, INC. $145,000 n/a 0.2%
    Lakeview Community Capital, LLC $145,000 n/a 0.2%
    STOCKTON MORTGAGE CORPORATION $145,000 n/a 0.2%
    Coastal Community Bank $140,000 n/a 0.2%
    Great Southern Bank $670,000 $135,000 -79.9% 0.2%
    VILLAGE CAPITAL MORTGAGE $115,000 $135,000 17.4% 0.2%
    FRONTIER FINANCIAL, INC. $220,000 $125,000 -43.2% 0.2%
    LAND HOME FINANCIAL SERVICES, INC. $525,000 $125,000 -76.2% 0.2%
    MARINE $175,000 $120,000 -31.4% 0.2%
    CARDINAL FINANCIAL $575,000 $115,000 -80.0% 0.2%
    FREEDOM MORTGAGE CORPORATION $125,000 $115,000 -8.0% 0.2%
    Luana Savings Bank $40,000 $115,000 187.5% 0.2%
    TOWNE MORTGAGE COMPANY $115,000 n/a 0.2%
    FINANCE OF AMERICA REVERSE LLC $105,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $140,000 $105,000 -25.0% 0.2%
    Bankers Trust Company $260,000 $100,000 -61.5% 0.2%
    Bank of the West $120,000 $95,000 -20.8% 0.1%
    Servion, Inc. $95,000 n/a 0.1%
    JPMorgan Chase Bank $555,000 $85,000 -84.7% 0.1%
    LONGBRIDGE FINANCIAL, LLC $65,000 n/a 0.1%
    St Charles Bank & Trust $65,000 n/a 0.1%
    ALLIANT $320,000 $35,000 -89.1% 0.1%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $690,000 $25,000 -96.4% 0.0%
    Regions Bank $25,000 n/a 0.0%
    Deere Employees Credit Union $1,045,000 $15,000 -98.6% 0.0%

    Marshalltown's top lender by overall market share is IOWA BANKERS MORTGAGE CORPORATION, with 10.7% market share. In second place, with 10.4%, is GUARANTEED RATE, INC., having originated $6,645,000 in loans. In third place, with 5.2%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $3,320,000 in loans. In fourth place, with 4.6%, is GREENSTATE CREDIT UNION, having originated $2,920,000 in loans. In fifth place, with 4.0%, is QUICKEN LOANS, LLC, having originated $2,545,000 in loans.

    Marshalltown Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Marshalltown (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 $84,975 (-29.1%) $121,172 (-10.1%) 0.00 83
    2018-02-01 $88,075 (-23.4%) $132,804 (3.6%) 0.00 73
    2018-03-01 $89,900 (-25.0%) $131,296 (2.4%) 0.00 74
    2018-04-01 $93,050 (-19.7%) $135,148 (-0.1%) 0.00 67
    2018-05-01 $100,925 (-9.2%) $137,568 (-6.1%) 0.00 70
    2018-06-01 $104,900 (-10.9%) $137,655 (-11.9%) 0.00 83
    2018-07-01 $124,900 (12.6%) $147,748 (-1.1%) 0.00 98
    2018-08-01 $124,900 (19.0%) $145,455 (-0.8%) 0.00 96
    2018-09-01 $133,900 (27.7%) $157,304 (8.8%) 0.00 84
    2018-10-01 $134,900 (30.0%) $156,213 (4.7%) 0.00 94
    2018-11-01 $131,150 (34.9%) $154,071 (9.2%) 0.00 100
    2018-12-01 $122,400 (36.2%) $147,909 (14.3%) 0.00 108
    2019-01-01 $119,900 (41.1%) $144,550 (19.3%) 0.00 96
    2019-02-01 $116,900 (32.7%) $139,445 (5.0%) 0.00 91
    2019-03-01 $114,900 (27.8%) $143,332 (9.2%) 0.00 80
    2019-04-01 $116,900 (25.6%) $148,489 (9.9%) 0.00 73
    2019-05-01 $127,500 (26.3%) $151,615 (10.2%) 0.00 71
    2019-06-01 $149,900 (42.9%) $162,962 (18.4%) 0.00 65
    2019-07-01 $136,150 (9.0%) $159,239 (7.8%) 0.00 62
    2019-08-01 $134,400 (7.6%) $160,363 (10.3%) 0.00 71
    2019-09-01 $141,150 (5.4%) $164,867 (4.8%) 0.00 79
    2019-10-01 $145,650 (8.0%) $167,869 (7.5%) 0.00 86
    2019-11-01 $137,400 (4.8%) $160,620 (4.3%) 0.00 90
    2019-12-01 $127,200 (3.9%) $148,659 (0.5%) 0.00 98
    2020-01-01 $129,900 (8.3%) $157,917 (9.3%) 0.00 89
    2020-02-01 $123,900 (6.0%) $158,496 (13.7%) 0.00 82
    2020-03-01 $129,900 (13.1%) $163,627 (14.2%) 0.00 78
    2020-04-01 $139,900 (19.7%) $173,608 (16.9%) 0.00 72
    2020-05-01 $144,800 (13.6%) $178,678 (17.9%) 0.00 57
    2020-06-01 $142,400 (-5.0%) $181,974 (11.7%) 0.00 58
    2020-07-01 $167,175 (22.8%) $195,735 (22.9%) 0.00 58
    2020-08-01 $143,700 (6.9%) $192,489 (20.0%) 0.00 59
    2020-09-01 $142,450 (0.9%) $175,303 (6.3%) 0.00 55
    2020-10-01 $139,900 (-4.0%) $172,764 (2.9%) 0.00 47
    2020-11-01 $131,150 (-4.6%) $173,499 (8.0%) 0.00 39
    2020-12-01 $121,150 (-4.8%) $165,126 (11.1%) 0.00 32
    2021-01-01 $119,900 (-7.7%) $149,447 (-5.4%) 0.00 35
    2021-02-01 $82,850 (-33.1%) $128,164 (-19.1%) 0.00 24
    2021-03-01 $72,400 (-44.3%) $140,818 (-13.9%) 0.00 24
    2021-04-01 $92,700 (-33.7%) $137,299 (-20.9%) 0.00 23
    2021-05-01 $99,900 (-31.0%) $147,891 (-17.2%) 0.00 35
    2021-06-01 $145,400 (2.1%) $179,696 (-1.3%) 0.00 35
    2021-07-01 $162,000 (-3.1%) $196,018 (0.1%) 0.00 35
    2021-08-01 $131,425 (-8.5%) $176,174 (-8.5%) 0.00 42
    2021-09-01 $137,450 (-3.5%) $176,423 (0.6%) 0.00 46
    2021-10-01 $129,900 (-7.2%) $170,084 (-1.6%) 0.00 44
    2021-11-01 $126,150 (-3.8%) $154,267 (-11.1%) 0.00 46
    2021-12-01 $107,500 (-11.3%) $140,013 (-15.2%) 0.00 40
    2022-01-01 $119,900 (0.0%) $141,835 (-5.1%) 0.00 35
    2022-02-01 $117,675 (42.0%) $154,243 (20.4%) 0.00 28
    2022-03-01 $103,675 (43.2%) $137,651 (-2.3%) 0.00 35
    2022-04-01 $110,000 (18.7%) $152,295 (10.9%) 0.00 31
    2022-05-01 $117,450 (17.6%) $175,976 (19.0%) 0.00 31
    2022-06-01 $131,925 (-9.3%) $187,082 (4.1%) 0.00 39
    2022-07-01 $145,000 (-10.5%) $190,322 (-2.9%) 0.00 53
    2022-08-01 $128,975 (-1.9%) $178,521 (1.3%) 0.00 54
    2022-09-01 $145,500 (5.9%) $185,378 (5.1%) 0.00 51
    2022-10-01 $135,000 (3.9%) $184,936 (8.7%) 0.00 54
    2022-11-01 $182,175 (44.4%) $201,262 (30.5%) 0.00 52
    2022-12-01 $184,950 (72.1%) $195,936 (39.9%) 0.00 46
    2023-01-01 $174,900 (45.9%) $188,679 (33.0%) 0.00 43
    2023-02-01 $189,900 (61.4%) $206,779 (34.1%) 0.00 31
    2023-03-01 $165,700 (59.8%) $189,948 (38.0%) 0.00 30
    2023-04-01 $149,900 (36.3%) $188,223 (23.6%) 0.00 34
    2023-05-01 $154,925 (31.9%) $190,767 (8.4%) 0.00 43
    2023-06-01 $167,475 (27.0%) $219,827 (17.5%) 0.00 43
    2023-07-01 $171,250 (18.1%) $211,244 (11.0%) 0.00 43
    2023-08-01 $196,200 (52.1%) $225,836 (26.5%) 0.00 48
    2023-09-01 $174,900 (20.2%) $232,609 (25.5%) 0.00 48
    2023-10-01 $172,400 (27.7%) $222,009 (20.1%) 0.00 55
    2023-11-01 $145,189 (-20.3%) $205,567 (2.1%) 0.00 50
    2023-12-01 $149,900 (-19.0%) $208,622 (6.5%) 0.00 41
    2024-01-01 $142,400 (-18.6%) $207,007 (9.7%) 0.00 43
    2024-02-01 $133,675 (-29.6%) $192,150 (-7.1%) 0.00 36
    2024-03-01 $144,900 (-12.6%) $223,535 (17.7%) 0.00 36
    Marshalltown's median listing price for 2024-03-01 was $144,900, a difference of $-20,800 (-12.6%) versus the prior year and $11,225 versus the prior month.

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

    Marshalltown's average listing price for 2024-03-01 was $223,535, a difference of $33,587 (17.7%) versus the prior year and $31,385 versus the prior month.

    For the 2024-03-01 period, Marshalltown had 36 MLS listings, a difference of 0 listings (0%) versus the prior month and 6 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marshalltown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,389 sqft
    2018-02-01 0 days 1,506 sqft
    2018-03-01 0 days 1,456 sqft
    2018-04-01 0 days 1,440 sqft
    2018-05-01 0 days 1,454 sqft
    2018-06-01 0 days 1,483 sqft
    2018-07-01 0 days 1,502 sqft
    2018-08-01 0 days 1,487 sqft
    2018-09-01 0 days 1,466 sqft
    2018-10-01 0 days 1,458 sqft
    2018-11-01 0 days 1,417 sqft
    2018-12-01 0 days 1,420 sqft
    2019-01-01 0 days 1,385 sqft
    2019-02-01 0 days 1,362 sqft
    2019-03-01 0 days 1,418 sqft
    2019-04-01 0 days 1,418 sqft
    2019-05-01 0 days 1,418 sqft
    2019-06-01 0 days 1,606 sqft
    2019-07-01 0 days 1,566 sqft
    2019-08-01 0 days 1,571 sqft
    2019-09-01 0 days 1,581 sqft
    2019-10-01 0 days 1,587 sqft
    2019-11-01 0 days 1,464 sqft
    2019-12-01 0 days 1,343 sqft
    2020-01-01 0 days 1,398 sqft
    2020-02-01 0 days 1,429 sqft
    2020-03-01 0 days 1,421 sqft
    2020-04-01 0 days 1,450 sqft
    2020-05-01 0 days 1,488 sqft
    2020-06-01 0 days 1,629 sqft
    2020-07-01 0 days 1,671 sqft
    2020-08-01 0 days 1,658 sqft
    2020-09-01 0 days 1,517 sqft
    2020-10-01 0 days 1,502 sqft
    2020-11-01 0 days 1,563 sqft
    2020-12-01 0 days 1,409 sqft
    2021-01-01 0 days 1,282 sqft
    2021-02-01 0 days 1,096 sqft
    2021-03-01 0 days 1,143 sqft
    2021-04-01 0 days 1,141 sqft
    2021-05-01 0 days 1,225 sqft
    2021-06-01 0 days 1,374 sqft
    2021-07-01 0 days 1,463 sqft
    2021-08-01 0 days 1,317 sqft
    2021-09-01 0 days 1,286 sqft
    2021-10-01 0 days 1,285 sqft
    2021-11-01 0 days 1,297 sqft
    2021-12-01 0 days 1,303 sqft
    2022-01-01 0 days 1,294 sqft
    2022-02-01 0 days 1,323 sqft
    2022-03-01 0 days 1,206 sqft
    2022-04-01 0 days 1,260 sqft
    2022-05-01 0 days 1,362 sqft
    2022-06-01 0 days 1,336 sqft
    2022-07-01 0 days 1,477 sqft
    2022-08-01 0 days 1,485 sqft
    2022-09-01 0 days 1,480 sqft
    2022-10-01 0 days 1,345 sqft
    2022-11-01 0 days 1,374 sqft
    2022-12-01 0 days 1,339 sqft
    2023-01-01 0 days 1,279 sqft
    2023-02-01 0 days 1,232 sqft
    2023-03-01 0 days 1,326 sqft
    2023-04-01 0 days 1,336 sqft
    2023-05-01 0 days 1,243 sqft
    2023-06-01 0 days 1,369 sqft
    2023-07-01 0 days 1,275 sqft
    2023-08-01 0 days 1,342 sqft
    2023-09-01 0 days 1,291 sqft
    2023-10-01 0 days 1,336 sqft
    2023-11-01 0 days 1,271 sqft
    2023-12-01 0 days 1,248 sqft
    2024-01-01 0 days 1,289 sqft
    2024-02-01 0 days 1,235 sqft
    2024-03-01 0 days 1,350 sqft
    Marshalltown's median listing age (time on market) for 2024-03-01 was 0 days.

    Marshalltown's median square footage for active listings during the 2024-03-01 period was 1,350 sqft. One year prior, the average listing was 1,326 sqft.

    Marshalltown, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 347 $52,625,000 $151,657
    Cash Out Refi 44 $4,720,000 $107,273
    Home Improvement 39 $2,505,000 $64,231
    Other 32 $1,640,000 $51,250
    Refi 32 $2,430,000 $75,938

    Marshalltown's most frequently cited loan purpose was Home Purchase, with 347 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 196 $30,240,000 $154,286
    7-8% 105 $14,155,000 $134,810
    5-6% 72 $9,380,000 $130,278
    Over 8% 49 $2,685,000 $54,796
    <2.5% 8 $50,000 $6,250
    4-5% 5 $475,000 $95,000
    3-4% 3 $205,000 $68,333

    During 2023, Marshalltown's most frequently originated rate bucket was 6-7%, with 196 originations.

    Loan Sizing (Marshalltown, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 208 $11,450,000 $55,048
    $100k-200k 208 $30,100,000 $144,712
    $200k-400k 71 $18,235,000 $256,831
    $400k-600k 4 $1,910,000 $477,500
    $600k-1000k 3 $2,225,000 $741,667

    Marshalltown's loan sizing saw the bucket of loans from $100,000 or less with 208 originations, totaling $11,450,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 227 $37,725,000 $166,189
    60-80% 91 $12,695,000 $139,505
    20-40% 45 $2,485,000 $55,222
    Under 20% 44 $1,150,000 $26,136
    40-60% 28 $2,830,000 $101,071

    Marshalltown's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 227 originations, totaling $37,725,000 in origination value.