Mason City Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mason City averaged 6.65% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 6.89% and one month ago for the week of 2023-08-10, the average rate was 6.73%.

Mason City's average rate one year ago was 5.36%.

For refis of the same type during the week of 2023-09-14, the average rate was 7.78%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Mason City 30 Year Fixed Rate 2023-09-14 6.65%
Mason City 30 Year Fixed Rate Refi 2023-09-14 7.78%
Mason City 15 Year Fixed Rate 2023-09-14 6.71%
Mason City 15 Year Fixed Rate Refi 2023-09-14 6.41%
Mason City 30 Year FHA 2023-09-14 6.82%
Mason City 30 Year FHA Refi 2023-09-14 6.79%
Mason City 30 Year USDA 2023-09-14 7.18%
Mason City 30 Year USDA Refi 2023-09-14 6.88%
Mason City 30 Year VA 2023-09-14 6.81%
Mason City 30 Year VA Refi 2023-09-14 6.91%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Mason City, IA.

Mason City 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 Mason City, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Wells Fargo Bank 44 5.19% $3,053
U.S. Bank 29 4.82% $2,563
Plains Commerce Bank 22 5.06% $3,004
QUICKEN LOANS, LLC 18 5.19% $5,598
GREENSTATE CREDIT UNION 11 3.69% $1,897
Bankers' Bank 10 4.76% $3,895
IOWA BANKERS MORTGAGE CORPORATION 10 4.83% $2,305
Manufacturers Bank & Trust Company 7 5.70% $4,092
VERIDIAN CREDIT UNION 6 5.04% $1,819
Lincoln Savings Bank 4 4.25% $4,877
Flagstar Bank, FSB 4 6.41% $4,452
BROKER SOLUTIONS, INC. 4 5.25% $3,823
Deere Employees Credit Union 4 3.40% $2,887
CARDINAL FINANCIAL 4 5.65% $6,523
JPMorgan Chase Bank 4 4.75% $4,551
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 4.58% $5,024
CALIBER HOME LOANS, INC. 3 5.87% $4,841
Servion, Inc. 3 5.25% $3,482
LOANDEPOT.COM, LLC 2 4.69% $5,425
Fidelity Bank 2 4.56% $2,787
AMERICAN FINANCING CORPORATION 2 4.75% $3,852
Farmers State Bank 2 3.94% $1,594
Collins Community Credit Union 2 4.43% $1,737
Merchants Bank 2 4.90% $3,544
AMERISAVE MORTGAGE CORPORATION 2 5.06% $5,835
Northwest Bank 2 4.94% $2,307
PENNYMAC LOAN SERVICES, LLC 2 4.00% $4,217
GERSHMAN INVESTMENT CORP. 2 4.75% $2,664
GUILD MORTGAGE COMPANY 2 5.31% $5,957
MORTGAGE ACCESS CORP. 2 5.69% $4,279
Luana Savings Bank 2 3.88% $1,494
Northview Bank 1 4.88% $2,234
Peoples Bank 1 4.63% $4,379
QUORUM FEDERAL CREDIT UNION 1 4.25% $2,478
Regions Bank 1 4.25% $4,708
The Dart Bank 1 4.75% $3,261
Think Mutual Bank 1 4.50% $3,773
UBS Bank USA 1 4.00% $1,801
UNITED WHOLESALE MORTGAGE, LLC 1 5.50% $4,507
USAA Federal Savings Bank 1 6.38% $3,286
Vibrant Credit Union 1 3.50% $2,140
WINGS FINANCIAL 1 4.75% $2,650
Alerus Financial 1 5.50% $3,177
ZILLOW HOME LOANS, LLC 1 2.88% $6,303
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.88% $4,168
AmeriHome Mortgage Company, LLC 1 6.13% $5,094
Associated Bank 1 5.50% $2,455
Bank Iowa 1 3.88% $2,089
Bank Midwest 1 3.75% $3,736
BETTER MORTGAGE CORPORATION 1 5.75% $1,634
BMO Harris Bank 1 5.13% $2,960
Carrington Mortgage Services, LLC 1 6.88% $3,580
Charles Schwab Bank, SSB 1 4.68% $2,423
COMPEER FINANCIAL, FLCA 1 7.00% $2,341
CU MORTGAGE DIRECT, LLC 1 5.25% $4,043
DAS Acquisition Company, LLC 1 3.38% $3,562
DUPACO COMMUNITY 1 5.00% $2,881
Farm Credit Mid-America, ACA 1 4.75% $8,365
First Interstate Bank 1 3.00% $2,931
FREEDOM MORTGAGE CORPORATION 1 3.38% $2,270
GUARANTEED RATE, INC. 1 4.38% $3,148
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.13% $2,979
Hills Bank and Trust Company 1 3.13% $2,166
HIWAY 1 6.25% $4,672
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.13% $4,054
HomeTown Bank 1 4.88% $3,440
Hometown Lenders, Inc. 1 4.99% $2,464
INLANTA MORTGAGE, INC. 1 5.38% $4,259
LEADERONE FINANCIAL CORPORATION 1 3.38% $2,906
Midwest Heritage Bank FSB 1 5.75% $2,871
MidWestOne Bank 1 3.50% $3,141
Morgan Stanley Private Bank 1 2.85% $4,766
Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $5,795
Northpointe Bank 1 3.38% $5,876

Mason City Average Closing Costs & Other Stats

Mason City, IA's 74 lenders originated 638 loans during 2022. The total origination value was $114,700,000, with an average loan value of $179,781.

Mason City's average closing costs are $3,622.

The top Mason City lender as defined by loan originations is Wells Fargo Bank, with 44 loans originated. Their average total fees are $3,053, which is $489 higher than the next largest lender, U.S. Bank.

The lowest fee Mason City lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($1,897), IOWA BANKERS MORTGAGE CORPORATION ($2,305), U.S. Bank ($2,563), Plains Commerce Bank ($3,004) and Wells Fargo Bank ($3,053).

The lowest rate Mason City lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION (3.69%), Bankers' Bank (4.76%), U.S. Bank (4.82%), IOWA BANKERS MORTGAGE CORPORATION (4.83%) and Plains Commerce Bank (5.06%).

Mason City, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Wells Fargo Bank $30,005,000 $14,270,000 -52.4% 12.4%
CorTrust Bank $9,975,000 n/a 8.7%
U.S. Bank $14,600,000 $7,325,000 -49.8% 6.4%
Plains Commerce Bank $9,895,000 $6,710,000 -32.2% 5.9%
QUICKEN LOANS, LLC $13,870,000 $6,380,000 -54.0% 5.6%
Manufacturers Bank & Trust Company $13,705,000 $6,340,000 -53.7% 5.5%
Mortgage Research Center, LLC $3,175,000 $4,775,000 50.4% 4.2%
GREENSTATE CREDIT UNION $5,100,000 $4,340,000 -14.9% 3.8%
IOWA BANKERS MORTGAGE CORPORATION $9,385,000 $3,615,000 -61.5% 3.2%
Bankers' Bank $5,860,000 $2,570,000 -56.1% 2.2%
VERIDIAN CREDIT UNION $4,260,000 $2,360,000 -44.6% 2.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $495,000 $2,125,000 329.3% 1.9%
Deere Employees Credit Union $380,000 $1,820,000 378.9% 1.6%
BANKORION $1,705,000 n/a 1.5%
First Interstate Bank $1,575,000 n/a 1.4%
AMERISAVE MORTGAGE CORPORATION $1,885,000 $1,570,000 -16.7% 1.4%
Lincoln Savings Bank $1,905,000 $1,380,000 -27.6% 1.2%
Flagstar Bank, FSB $425,000 $1,330,000 212.9% 1.2%
BankIowa of Cedar Rapids $365,000 $1,205,000 230.1% 1.1%
Morgan Stanley Private Bank $325,000 $1,175,000 261.5% 1.0%
CALIBER HOME LOANS, INC. $995,000 $1,085,000 9.0% 0.9%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,205,000 $1,075,000 -51.2% 0.9%
UNITED WHOLESALE MORTGAGE, LLC $550,000 $930,000 69.1% 0.8%
Luana Savings Bank $3,380,000 $900,000 -73.4% 0.8%
LOANDEPOT.COM, LLC $2,430,000 $890,000 -63.4% 0.8%
Servion, Inc. $915,000 $835,000 -8.7% 0.7%
ALLIANT $830,000 n/a 0.7%
Northwest Bank $1,335,000 $795,000 -40.4% 0.7%
BROKER SOLUTIONS, INC. $410,000 $785,000 91.5% 0.7%
GUILD MORTGAGE COMPANY $1,845,000 $775,000 -58.0% 0.7%
Farmers State Bank $2,020,000 $765,000 -62.1% 0.7%
GUARANTEED RATE, INC. $420,000 $705,000 67.9% 0.6%
Bankers Trust Company $1,295,000 $640,000 -50.6% 0.6%
USAA Federal Savings Bank $425,000 $640,000 50.6% 0.6%
Midwest Heritage Bank FSB $460,000 $620,000 34.8% 0.5%
PENNYMAC LOAN SERVICES, LLC $1,080,000 $620,000 -42.6% 0.5%
Farm Credit Mid-America, ACA $1,205,000 $570,000 -52.7% 0.5%
BMO Harris Bank $555,000 n/a 0.5%
AMERICAN FINANCING CORPORATION $545,000 n/a 0.5%
COMPEER FINANCIAL, FLCA $280,000 $530,000 89.3% 0.5%
JPMorgan Chase Bank $1,405,000 $515,000 -63.3% 0.4%
Regions Bank $435,000 $510,000 17.2% 0.4%
AMERICAN FINANCE HOUSE LARIBA $505,000 n/a 0.4%
Bank of America $355,000 $465,000 31.0% 0.4%
EMBRACE HOME LOANS, INC. $195,000 $425,000 117.9% 0.4%
Merchants Bank $5,275,000 $425,000 -91.9% 0.4%
Collins Community Credit Union $205,000 $420,000 104.9% 0.4%
FREEDOM MORTGAGE CORPORATION $1,365,000 $410,000 -70.0% 0.4%
GERSHMAN INVESTMENT CORP. $865,000 $410,000 -52.6% 0.4%
INLANTA MORTGAGE, INC. $405,000 n/a 0.4%
NAVY FEDERAL CREDIT UNION $715,000 $380,000 -46.9% 0.3%
Hills Bank and Trust Company $55,000 $375,000 581.8% 0.3%
The Federal Savings Bank $345,000 n/a 0.3%
VILLAGE CAPITAL MORTGAGE $605,000 $345,000 -43.0% 0.3%
Bank Midwest $340,000 n/a 0.3%
The Dart Bank $335,000 n/a 0.3%
Peoples Bank $315,000 n/a 0.3%
Carrington Mortgage Services, LLC $885,000 $310,000 -65.0% 0.3%
Fidelity Bank $125,000 $310,000 148.0% 0.3%
MORTGAGE ACCESS CORP. $650,000 $300,000 -53.8% 0.3%
NEW DAY FINANCIAL, LLC $1,045,000 $295,000 -71.8% 0.3%
Bank of the West $275,000 n/a 0.2%
HOMESTAR FINANCIAL CORPORATION $275,000 n/a 0.2%
MidWestOne Bank $270,000 n/a 0.2%
DUPACO COMMUNITY $530,000 $265,000 -50.0% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $2,305,000 $265,000 -88.5% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $255,000 n/a 0.2%
FLAT BRANCH MORTGAGE, INC. $255,000 n/a 0.2%
Northpointe Bank $255,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $305,000 $255,000 -16.4% 0.2%
Bank Iowa $270,000 $250,000 -7.4% 0.2%
Midstates Bank $245,000 n/a 0.2%
Think Mutual Bank $245,000 n/a 0.2%
Vibrant Credit Union $245,000 n/a 0.2%
NATIONWIDE MORTGAGE BANKERS, INC. $235,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $550,000 $235,000 -57.3% 0.2%
Green Belt Bank & Trust $485,000 $230,000 -52.6% 0.2%
Charles Schwab Bank, SSB $225,000 n/a 0.2%
UBS Bank USA $225,000 n/a 0.2%
ENVOY MORTGAGE, LTD $215,000 n/a 0.2%
Ohnward Bank & Trust $210,000 n/a 0.2%
PENTAGON FEDERAL CREDIT UNION $195,000 n/a 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $300,000 $185,000 -38.3% 0.2%
Associated Bank $115,000 $175,000 52.2% 0.2%
BETTER MORTGAGE CORPORATION $495,000 $175,000 -64.6% 0.2%
Cf Bank $175,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $175,000 n/a 0.2%
Waterstone Mortgage Corporation $175,000 n/a 0.2%
FINANCE OF AMERICA MORTGAGE LLC $245,000 $160,000 -34.7% 0.1%
LEADERONE FINANCIAL CORPORATION $145,000 n/a 0.1%
HIWAY $135,000 n/a 0.1%
Alerus Financial $125,000 n/a 0.1%
DAS Acquisition Company, LLC $125,000 n/a 0.1%
Equity Prime Mortgage LLC $125,000 n/a 0.1%
First National Bank, Ames, Iowa $405,000 $125,000 -69.1% 0.1%
HomeTown Bank $115,000 n/a 0.1%
Figure Lending LLC $110,000 n/a 0.1%
Bank of England $200,000 $105,000 -47.5% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $105,000 n/a 0.1%
LIBERTY HOME MORTGAGE CORPORATION $105,000 $100,000 -4.8% 0.1%
AmeriHome Mortgage Company, LLC $95,000 $95,000 0.0% 0.1%
CU MORTGAGE DIRECT, LLC $95,000 n/a 0.1%
First Savings Bank $95,000 n/a 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $95,000 n/a 0.1%
Hometown Lenders, Inc. $95,000 n/a 0.1%
Fidelity Bank & Trust $810,000 $90,000 -88.9% 0.1%
Chicago Mortgage Solutions LLC $85,000 n/a 0.1%
GREATER IOWA CREDIT UNION $85,000 n/a 0.1%
MARINE $100,000 $85,000 -15.0% 0.1%
Citizens Bank $75,000 n/a 0.1%
Northview Bank $75,000 n/a 0.1%
Foresight Bank $65,000 n/a 0.1%
QUORUM FEDERAL CREDIT UNION $65,000 n/a 0.1%
WINGS FINANCIAL $55,000 n/a 0.0%
CEDAR FALLS COMMUNITY CREDIT UNION $400,000 $45,000 -88.8% 0.0%
Community Choice Credit Union $285,000 $35,000 -87.7% 0.0%
AMERICAN ADVISORS GROUP $45,000 $15,000 -66.7% 0.0%
Signature Federal Credit Union $15,000 n/a 0.0%

Mason City's top lender by overall market share is Wells Fargo Bank, with 12.4% market share. In second place, with 8.7%, is CorTrust Bank, having originated $9,975,000 in loans. In third place, with 6.4%, is U.S. Bank, having originated $7,325,000 in loans. In fourth place, with 5.9%, is Plains Commerce Bank, having originated $6,710,000 in loans. In fifth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $6,380,000 in loans.


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

Realtor.com - Mason City (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 $135,450 (4.2%) $195,274 (5.3%) 0.00 262
2018-02-01 $139,900 (0.0%) $197,527 (-0.7%) 0.00 277
2018-03-01 $144,985 (2.7%) $211,988 (5.6%) 0.00 268
2018-04-01 $144,703 (-0.1%) $216,359 (4.7%) 0.00 288
2018-05-01 $152,425 (2.8%) $230,640 (8.3%) 0.00 315
2018-06-01 $149,900 (0.2%) $236,614 (10.6%) 0.00 346
2018-07-01 $148,825 (1.2%) $229,871 (11.0%) 0.00 348
2018-08-01 $147,225 (2.8%) $225,338 (14.0%) 0.00 351
2018-09-01 $143,233 (4.6%) $215,033 (8.5%) 0.00 348
2018-10-01 $147,912 (11.5%) $210,646 (8.7%) 0.00 349
2018-11-01 $145,000 (7.4%) $207,901 (6.4%) 0.00 342
2018-12-01 $139,900 (3.6%) $201,773 (1.3%) 0.00 303
2019-01-01 $140,950 (4.1%) $204,863 (4.9%) 0.00 290
2019-02-01 $147,250 (5.3%) $206,726 (4.7%) 0.00 296
2019-03-01 $152,086 (4.9%) $210,884 (-0.5%) 0.00 305
2019-04-01 $154,893 (7.0%) $216,666 (0.1%) 0.00 323
2019-05-01 $159,900 (4.9%) $225,348 (-2.3%) 0.00 347
2019-06-01 $170,000 (13.4%) $236,573 (0.0%) 0.00 352
2019-07-01 $169,433 (13.9%) $223,249 (-2.9%) 0.00 400
2019-08-01 $169,463 (15.1%) $222,898 (-1.1%) 0.00 400
2019-09-01 $169,062 (18.0%) $222,111 (3.3%) 0.00 393
2019-10-01 $168,325 (13.8%) $220,944 (4.9%) 0.00 389
2019-11-01 $159,900 (10.3%) $212,501 (2.2%) 0.00 384
2019-12-01 $156,850 (12.1%) $204,654 (1.4%) 0.00 336
2020-01-01 $161,475 (14.6%) $210,105 (2.6%) 0.00 299
2020-02-01 $161,050 (9.4%) $208,286 (0.8%) 0.00 324
2020-03-01 $159,825 (5.1%) $204,677 (-2.9%) 0.00 318
2020-04-01 $162,302 (4.8%) $214,532 (-1.0%) 0.00 291
2020-05-01 $174,000 (8.8%) $221,637 (-1.7%) 0.00 304
2020-06-01 $169,600 (-0.2%) $224,129 (-5.3%) 0.00 305
2020-07-01 $171,750 (1.4%) $223,763 (0.2%) 0.00 262
2020-08-01 $175,000 (3.3%) $233,075 (4.6%) 0.00 224
2020-09-01 $173,225 (2.5%) $224,378 (1.0%) 0.00 217
2020-10-01 $149,625 (-11.1%) $205,505 (-7.0%) 0.00 197
2020-11-01 $141,700 (-11.4%) $199,662 (-6.0%) 0.00 197
2020-12-01 $136,675 (-12.9%) $191,523 (-6.4%) 0.00 191
2021-01-01 $148,600 (-8.0%) $201,710 (-4.0%) 0.00 174
2021-02-01 $163,000 (1.2%) $206,742 (-0.7%) 0.00 141
2021-03-01 $174,750 (9.3%) $225,378 (10.1%) 0.00 133
2021-04-01 $202,600 (24.8%) $245,512 (14.4%) 0.00 145
2021-05-01 $214,500 (23.3%) $274,114 (23.7%) 0.00 153
2021-06-01 $191,150 (12.7%) $249,409 (11.3%) 0.00 168
2021-07-01 $175,000 (1.9%) $232,759 (4.0%) 0.00 185
2021-08-01 $170,625 (-2.5%) $228,246 (-2.1%) 0.00 189
2021-09-01 $173,750 (0.3%) $239,297 (6.7%) 0.00 169
2021-10-01 $162,500 (8.6%) $204,620 (-0.4%) 0.00 181
2021-11-01 $149,650 (5.6%) $194,226 (-2.7%) 0.00 160
2021-12-01 $147,000 (7.6%) $193,862 (1.2%) 0.00 157
2022-01-01 $158,250 (6.5%) $199,443 (-1.1%) 0.00 140
2022-02-01 $144,395 (-11.4%) $193,699 (-6.3%) 0.00 122
2022-03-01 $138,400 (-20.8%) $190,776 (-15.4%) 0.00 112
2022-04-01 $162,500 (-19.8%) $208,594 (-15.0%) 0.00 113
2022-05-01 $211,500 (-1.4%) $284,541 (3.8%) 0.00 109
2022-06-01 $228,000 (19.3%) $298,010 (19.5%) 0.00 119
2022-07-01 $215,000 (22.9%) $310,594 (33.4%) 0.00 135
2022-08-01 $215,000 (26.0%) $332,328 (45.6%) 0.00 141
2022-09-01 $225,750 (29.9%) $354,183 (48.0%) 0.00 134
2022-10-01 $234,900 (44.6%) $356,633 (74.3%) 0.00 140
2022-11-01 $232,400 (55.3%) $355,273 (82.9%) 0.00 152
2022-12-01 $247,450 (68.3%) $356,642 (84.0%) 0.00 138
2023-01-01 $233,575 (47.6%) $336,432 (68.7%) 0.00 124
2023-02-01 $249,900 (73.1%) $356,907 (84.3%) 0.00 127
2023-03-01 $249,900 (80.6%) $374,087 (96.1%) 0.00 114
2023-04-01 $247,450 (52.3%) $370,824 (77.8%) 0.00 109
2023-05-01 $251,250 (18.8%) $371,136 (30.4%) 0.00 122
2023-06-01 $257,500 (12.9%) $425,525 (42.8%) 0.00 116
2023-07-01 $277,400 (29.0%) $444,878 (43.2%) 0.00 114
2023-08-01 $290,475 (35.1%) $449,037 (35.1%) 0.00 105
Mason City's median listing price for 2023-08-01 was $290,475, a difference of $75,475 (35.1%) versus the prior year and $13,075 versus the prior month.

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

Mason City's average listing price for 2023-08-01 was $449,037, a difference of $116,709 (35.1%) versus the prior year and $4,159 versus the prior month.

For the 2023-08-01 period, Mason City had 105 MLS listings, a difference of -9 listings (-8%) versus the prior month and -36 listings (-26%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mason City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,911 sqft
2018-02-01 0 days 1,927 sqft
2018-03-01 0 days 1,962 sqft
2018-04-01 0 days 1,968 sqft
2018-05-01 0 days 1,998 sqft
2018-06-01 0 days 1,996 sqft
2018-07-01 0 days 1,967 sqft
2018-08-01 0 days 2,000 sqft
2018-09-01 0 days 1,968 sqft
2018-10-01 0 days 1,972 sqft
2018-11-01 0 days 2,002 sqft
2018-12-01 0 days 1,968 sqft
2019-01-01 0 days 1,987 sqft
2019-02-01 0 days 1,989 sqft
2019-03-01 0 days 2,047 sqft
2019-04-01 0 days 2,125 sqft
2019-05-01 0 days 2,146 sqft
2019-06-01 0 days 2,138 sqft
2019-07-01 0 days 2,035 sqft
2019-08-01 0 days 2,020 sqft
2019-09-01 0 days 2,009 sqft
2019-10-01 0 days 2,000 sqft
2019-11-01 0 days 2,001 sqft
2019-12-01 0 days 1,976 sqft
2020-01-01 0 days 1,996 sqft
2020-02-01 0 days 1,944 sqft
2020-03-01 0 days 1,944 sqft
2020-04-01 0 days 1,976 sqft
2020-05-01 0 days 1,976 sqft
2020-06-01 0 days 1,944 sqft
2020-07-01 0 days 1,984 sqft
2020-08-01 0 days 1,994 sqft
2020-09-01 0 days 1,952 sqft
2020-10-01 0 days 1,905 sqft
2020-11-01 0 days 1,910 sqft
2020-12-01 0 days 1,870 sqft
2021-01-01 0 days 1,876 sqft
2021-02-01 0 days 1,895 sqft
2021-03-01 0 days 1,880 sqft
2021-04-01 0 days 1,779 sqft
2021-05-01 0 days 1,833 sqft
2021-06-01 0 days 1,820 sqft
2021-07-01 0 days 1,860 sqft
2021-08-01 0 days 1,881 sqft
2021-09-01 0 days 1,872 sqft
2021-10-01 0 days 1,874 sqft
2021-11-01 0 days 1,886 sqft
2021-12-01 0 days 1,890 sqft
2022-01-01 0 days 1,900 sqft
2022-02-01 0 days 1,838 sqft
2022-03-01 0 days 1,888 sqft
2022-04-01 0 days 1,790 sqft
2022-05-01 0 days 1,912 sqft
2022-06-01 0 days 1,960 sqft
2022-07-01 0 days 1,975 sqft
2022-08-01 0 days 1,963 sqft
2022-09-01 0 days 1,975 sqft
2022-10-01 0 days 1,911 sqft
2022-11-01 0 days 1,982 sqft
2022-12-01 0 days 2,003 sqft
2023-01-01 0 days 2,042 sqft
2023-02-01 0 days 2,023 sqft
2023-03-01 0 days 1,872 sqft
2023-04-01 0 days 1,851 sqft
2023-05-01 0 days 1,903 sqft
2023-06-01 0 days 2,056 sqft
2023-07-01 0 days 2,138 sqft
2023-08-01 0 days 2,118 sqft
Mason City's median listing age (time on market) for 2023-08-01 was 0 days.

Mason City's median square footage for active listings during the 2023-08-01 period was 2,118 sqft. One year prior, the average listing was 1,963 sqft.

Mason City, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 436 $82,890,000 $190,115
Cash Out Refi 103 $17,105,000 $166,068
Refi 60 $11,100,000 $185,000
Other 20 $2,170,000 $108,500
Home Improvement 19 $1,435,000 $75,526

Mason City's most frequently cited loan purpose was Home Purchase, with 436 originations. The 2nd most popular reason was Cash Out Refi, with 103 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 174 $28,490,000 $163,736
4-5% 169 $25,485,000 $150,799
3-4% 128 $22,750,000 $177,734
6-7% 79 $11,615,000 $147,025
2.5-3% 32 $8,150,000 $254,688
<2.5% 22 $2,090,000 $95,000
7-8% 19 $2,615,000 $137,632
Over 8% 3 $285,000 $95,000

During 2022, Mason City's most frequently originated rate bucket was 5-6%, with 174 originations.

Loan Sizing (Mason City, IA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 268 $37,490,000 $139,888
$100,000 or less 216 $13,880,000 $64,259
$200k-400k 119 $31,405,000 $263,908
$400k-600k 25 $12,015,000 $480,600
$Over $1MM 6 $17,000,000 $2,833,333
$600k-1000k 4 $2,910,000 $727,500

Mason City's loan sizing saw the bucket of loans from $100k-200k with 268 originations, totaling $37,490,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 354 $60,580,000 $171,130
60-80% 143 $25,265,000 $176,678
40-60% 57 $10,045,000 $176,228
Under 20% 34 $800,000 $23,529
20-40% 30 $2,720,000 $90,667
Over 100% 6 $1,710,000 $285,000

Mason City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 354 originations, totaling $60,580,000 in origination value.