Mason City Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mason City averaged
6.45%
for the week of 2025-04-10, compared to the national average of
6.62% for the same period.
The average rate for the prior week (2025-04-03) was
6.77% and
one month ago for the week of 2025-03-06, the
average rate was 6.36%.
Mason City's average rate one year ago was 6.95%.
For refis of the same type during the week of 2025-04-10, the average rate
was 7.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2025-04-10 | 6.62% |
Mason City 30 Year Fixed Rate | 2025-04-10 | 6.45% |
Mason City 30 Year Fixed Rate Refi | 2025-04-10 | 7.22% |
Mason City 15 Year Fixed Rate | 2025-04-10 | 5.92% |
Mason City 15 Year Fixed Rate Refi | 2025-04-10 | 6.52% |
Mason City 30 Year FHA | 2025-04-10 | 6.53% |
Mason City 30 Year FHA Refi | 2025-04-10 | 6.23% |
Mason City 30 Year USDA | 2025-04-10 | 6.45% |
Mason City 30 Year USDA Refi | 2025-04-10 | 6.55% |
Mason City 30 Year VA | 2025-04-10 | 6.09% |
Mason City 30 Year VA Refi | 2025-04-10 | 6.19% |
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.).
Mason City Average Closing Costs & Other Stats
Mason City, IA's 55 lenders originated 491
loans during 2024. The total origination value was $82,375,000, with an average loan value of
$167,770.
Mason City's average closing costs are $3,883.
The top Mason City lender as defined by loan originations is Wells Fargo Bank, with
30 loans originated. Their average total fees are
$3,577, which is $630
higher than the next largest lender,
U.S. Bank.
The lowest fee Mason City lenders (with over 10 loans originated) are
VERIDIAN CREDIT UNION ($2,153), IOWA BANKERS MORTGAGE CORPORATION ($2,903), Plains Commerce Bank ($2,933), U.S. Bank ($2,947) and Wells Fargo Bank ($3,577).
The lowest rate Mason City lenders (with over 10 loans originated) are
VERIDIAN CREDIT UNION (5.86%), IOWA BANKERS MORTGAGE CORPORATION (6.23%), Wells Fargo Bank (6.45%), Plains Commerce Bank (6.52%) and U.S. Bank (6.65%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
---|---|---|---|---|
QUICKEN LOANS, LLC | $4,310,000 | $5,740,000 | 33.2% | 7.0% |
Wells Fargo Bank | $10,180,000 | $5,665,000 | -44.4% | 6.9% |
Manufacturers Bank & Trust Company | $5,530,000 | $4,945,000 | -10.6% | 6.0% |
Plains Commerce Bank | $5,780,000 | $4,190,000 | -27.5% | 5.1% |
VERIDIAN CREDIT UNION | $1,530,000 | $3,270,000 | 113.7% | 4.0% |
Mortgage Research Center, LLC | $2,020,000 | $3,230,000 | 59.9% | 3.9% |
U.S. Bank | $2,525,000 | $3,110,000 | 23.2% | 3.8% |
Ames National Corporation/Reliance State Bank | $4,215,000 | $2,880,000 | -31.7% | 3.5% |
GREENSTATE CREDIT UNION | $3,805,000 | $2,840,000 | -25.4% | 3.4% |
IOWA BANKERS MORTGAGE CORPORATION | $2,190,000 | $2,360,000 | 7.8% | 2.9% |
Northwest Bank | $1,770,000 | $1,975,000 | 11.6% | 2.4% |
Bankers Trust Company | $405,000 | $1,645,000 | 306.2% | 2.0% |
USAA Federal Savings Bank | $125,000 | $1,640,000 | 1,212.0% | 2.0% |
CARDINAL FINANCIAL | $1,480,000 | $1,495,000 | 1.0% | 1.8% |
Availa Bank | $1,505,000 | $1,395,000 | -7.3% | 1.7% |
UNION HOME MORTGAGE CORP. | $780,000 | $1,325,000 | 69.9% | 1.6% |
NEW DAY FINANCIAL, LLC | $260,000 | $1,175,000 | 351.9% | 1.4% |
Luana Savings Bank | $765,000 | $1,145,000 | 49.7% | 1.4% |
Flanagan State Bank | $480,000 | $1,050,000 | 118.8% | 1.3% |
CROSSCOUNTRY MORTGAGE, LLC | $135,000 | $960,000 | 611.1% | 1.2% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,425,000 | $960,000 | -32.6% | 1.2% |
VILLAGE CAPITAL MORTGAGE | $870,000 | n/a | 1.1% | |
BROKER SOLUTIONS, INC. | $870,000 | $860,000 | -1.1% | 1.0% |
UNITED WHOLESALE MORTGAGE, LLC | $330,000 | $855,000 | 159.1% | 1.0% |
First National Bank, Ames, Iowa | $835,000 | n/a | 1.0% | |
LOANDEPOT.COM, LLC | $835,000 | $810,000 | -3.0% | 1.0% |
Bank of America | $410,000 | $795,000 | 93.9% | 1.0% |
Servion, Inc. | $545,000 | $660,000 | 21.1% | 0.8% |
NAVY FEDERAL CREDIT UNION | $735,000 | $620,000 | -15.6% | 0.8% |
West Gate Bank | $615,000 | n/a | 0.7% | |
Farm Credit Mid-America, ACA | $460,000 | $585,000 | 27.2% | 0.7% |
Raccoon Valley Bank | $585,000 | n/a | 0.7% | |
Farmers State Bank | $105,000 | $565,000 | 438.1% | 0.7% |
Regions Bank | $555,000 | n/a | 0.7% | |
PENNYMAC LOAN SERVICES, LLC | $825,000 | $515,000 | -37.6% | 0.6% |
Community State Bank | $475,000 | n/a | 0.6% | |
Bell Bank | $1,635,000 | $465,000 | -71.6% | 0.6% |
GUARANTEED RATE, INC. | $330,000 | $455,000 | 37.9% | 0.6% |
First Bank | $105,000 | $430,000 | 309.5% | 0.5% |
FREEDOM MORTGAGE CORPORATION | $430,000 | n/a | 0.5% | |
Central National Bank | $415,000 | n/a | 0.5% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $305,000 | $415,000 | 36.1% | 0.5% |
DuTrac Community Credit Union | $405,000 | n/a | 0.5% | |
VisionBank of Iowa | $395,000 | n/a | 0.5% | |
COMPEER FINANCIAL, FLCA | $390,000 | n/a | 0.5% | |
NEWREZ LLC | $105,000 | $390,000 | 271.4% | 0.5% |
GUARANTEED RATE AFFINITY, LLC | $385,000 | n/a | 0.5% | |
DUPACO COMMUNITY | $990,000 | $370,000 | -62.6% | 0.4% |
HOMESIDE FINANCIAL, LLC | $370,000 | n/a | 0.4% | |
Community Choice Credit Union | $480,000 | $365,000 | -24.0% | 0.4% |
GUILD MORTGAGE COMPANY | $770,000 | $360,000 | -53.2% | 0.4% |
MUTUAL OF OMAHA MORTGAGE, INC. | $355,000 | n/a | 0.4% | |
Northeast Security Bank | $355,000 | n/a | 0.4% | |
Premier Credit Union | $670,000 | $350,000 | -47.8% | 0.4% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | $345,000 | 76.9% | 0.4% |
Figure Lending LLC | $160,000 | $345,000 | 115.6% | 0.4% |
MidWestOne Bank | $315,000 | n/a | 0.4% | |
PREMIA MORTGAGE, LLC | $215,000 | $315,000 | 46.5% | 0.4% |
Texana Bank | $315,000 | n/a | 0.4% | |
ZILLOW HOME LOANS, LLC | $310,000 | n/a | 0.4% | |
Cedar Rapids Bank and Trust Company | $170,000 | $305,000 | 79.4% | 0.4% |
WINGS FINANCIAL | $295,000 | $285,000 | -3.4% | 0.3% |
The Huntington National Bank | $315,000 | $275,000 | -12.7% | 0.3% |
Barrington Bank & Trust Company, N.A. | $270,000 | n/a | 0.3% | |
CEDAR FALLS COMMUNITY CREDIT UNION | $35,000 | $270,000 | 671.4% | 0.3% |
Midwest Heritage Bank FSB | $245,000 | n/a | 0.3% | |
Flagstar Bank, FSB | $250,000 | $240,000 | -4.0% | 0.3% |
Bank Iowa | $290,000 | $225,000 | -22.4% | 0.3% |
I. H. MISSISSIPPI VALLEY CREDIT UNION | $225,000 | n/a | 0.3% | |
Cambria Financial Group, LLC | $205,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $675,000 | $200,000 | -70.4% | 0.2% |
MID AMERICA MORTGAGE, INC. | $125,000 | $195,000 | 56.0% | 0.2% |
Fifth Third Bank | $185,000 | n/a | 0.2% | |
Paramount Bank | $185,000 | n/a | 0.2% | |
FRONTIER FINANCIAL, INC. | $310,000 | $175,000 | -43.5% | 0.2% |
Hills Bank and Trust Company | $5,335,000 | $175,000 | -96.7% | 0.2% |
LAND HOME FINANCIAL SERVICES, INC. | $175,000 | n/a | 0.2% | |
MORTGAGE ACCESS CORP. | $645,000 | $175,000 | -72.9% | 0.2% |
TJC Mortgage, Inc. | $175,000 | n/a | 0.2% | |
GREATER IOWA CREDIT UNION | $400,000 | $170,000 | -57.5% | 0.2% |
BankIowa of Cedar Rapids | $165,000 | n/a | 0.2% | |
Coastal Community Bank | $50,000 | $160,000 | 220.0% | 0.2% |
TOWNE MORTGAGE COMPANY | $145,000 | n/a | 0.2% | |
Bankers' Bank | $710,000 | $125,000 | -82.4% | 0.2% |
AMERICAN FINANCING CORPORATION | $195,000 | $115,000 | -41.0% | 0.1% |
Fidelity Bank & Trust | $90,000 | $115,000 | 27.8% | 0.1% |
GNB Bank | $75,000 | $115,000 | 53.3% | 0.1% |
First Dakota National Bank | $105,000 | n/a | 0.1% | |
First Interstate Bank | $105,000 | n/a | 0.1% | |
American State Bank | $95,000 | n/a | 0.1% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $95,000 | n/a | 0.1% | |
FINANCE OF AMERICA REVERSE LLC | $140,000 | $85,000 | -39.3% | 0.1% |
Lakeview Bank | $85,000 | n/a | 0.1% | |
NexBank | $75,000 | n/a | 0.1% | |
PNC Bank | $75,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $140,000 | $75,000 | -46.4% | 0.1% |
ALTRA | $75,000 | $65,000 | -13.3% | 0.1% |
BELEM SERVICING LLC | $65,000 | n/a | 0.1% | |
BMO Harris Bank | $585,000 | $65,000 | -88.9% | 0.1% |
Johnson Bank | $55,000 | $65,000 | 18.2% | 0.1% |
City State Bank | $55,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $55,000 | n/a | 0.1% | |
Alerus Financial | $45,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $125,000 | $35,000 | -72.0% | 0.0% |
Associated Bank | $35,000 | n/a | 0.0% | |
Exchange State Bank | $35,000 | n/a | 0.0% | |
SPRING EQ, LLC | $65,000 | $35,000 | -46.2% | 0.0% |
Carrington Mortgage Services, LLC | $130,000 | $25,000 | -80.8% | 0.0% |
Mason City's top lender by overall market share is QUICKEN LOANS, LLC, with 7.0% market share. In second place, with 6.9%, is Wells Fargo Bank, having originated $5,665,000 in loans. In third place, with 6.0%, is Manufacturers Bank & Trust Company, having originated $4,945,000 in loans. In fourth place, with 5.1%, is Plains Commerce Bank, having originated $4,190,000 in loans. In fifth place, with 4.0%, is VERIDIAN CREDIT UNION, having originated $3,270,000 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. LouisDate | 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 | $225,000 (29.5%) | $351,072 (46.7%) | 0.00 | 133 |
2022-10-01 | $234,900 (44.6%) | $356,633 (74.3%) | 0.00 | 140 |
2022-11-01 | $232,400 (55.3%) | $354,378 (82.5%) | 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 | $255,000 (20.6%) | $370,643 (30.3%) | 0.00 | 123 |
2023-06-01 | $260,350 (14.2%) | $424,553 (42.5%) | 0.00 | 117 |
2023-07-01 | $279,900 (30.2%) | $443,704 (42.9%) | 0.00 | 115 |
2023-08-01 | $291,625 (35.6%) | $447,730 (34.7%) | 0.00 | 106 |
2023-09-01 | $225,000 (0.0%) | $383,447 (9.2%) | 0.00 | 125 |
2023-10-01 | $230,950 (-1.7%) | $353,502 (-0.9%) | 0.00 | 144 |
2023-11-01 | $220,000 (-5.3%) | $316,020 (-10.8%) | 0.00 | 136 |
2023-12-01 | $222,000 (-10.3%) | $310,947 (-12.8%) | 0.00 | 130 |
2024-01-01 | $223,750 (-4.2%) | $318,316 (-5.4%) | 0.00 | 124 |
2024-02-01 | $217,450 (-13.0%) | $306,260 (-14.2%) | 0.00 | 137 |
2024-03-01 | $227,450 (-9.0%) | $320,941 (-14.2%) | 0.00 | 149 |
2024-04-01 | $239,675 (-3.1%) | $364,804 (-1.6%) | 0.00 | 160 |
2024-05-01 | $295,944 (16.1%) | $389,124 (5.0%) | 0.00 | 183 |
2024-06-01 | $289,000 (11.0%) | $393,175 (-7.4%) | 0.00 | 209 |
2024-07-01 | $299,913 (7.2%) | $394,051 (-11.2%) | 0.00 | 207 |
2024-08-01 | $299,900 (2.8%) | $391,269 (-12.6%) | 0.00 | 212 |
2024-09-01 | $299,450 (33.1%) | $383,318 (0.0%) | 0.00 | 215 |
2024-10-01 | $266,225 (15.3%) | $352,910 (-0.2%) | 0.00 | 261 |
2024-11-01 | $272,400 (23.8%) | $344,582 (9.0%) | 0.00 | 257 |
2024-12-01 | $280,000 (26.1%) | $334,078 (7.4%) | 0.00 | 240 |
2025-01-01 | $280,000 (25.1%) | $332,537 (4.5%) | 0.00 | 232 |
2025-02-01 | $283,750 (30.5%) | $344,180 (12.4%) | 0.00 | 232 |
2025-03-01 | $289,485 (27.3%) | $382,592 (19.2%) | 0.00 | 235 |
Mason City's median listing price comes in at 0% of the national average.
Mason City's average listing price for 2025-03-01 was $382,592, a difference of $61,651 (19.2%) versus the prior year and $38,412 versus the prior month.
For the 2025-03-01 period, Mason City had 235 MLS listings, a difference of 3 listings (1%) versus the prior month and 86 listings (58%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mason City (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 1,980 sqft |
2019-02-01 | 0 days | 1,986 sqft |
2019-03-01 | 0 days | 2,042 sqft |
2019-04-01 | 0 days | 2,120 sqft |
2019-05-01 | 0 days | 2,145 sqft |
2019-06-01 | 0 days | 2,137 sqft |
2019-07-01 | 0 days | 2,031 sqft |
2019-08-01 | 0 days | 2,014 sqft |
2019-09-01 | 0 days | 1,999 sqft |
2019-10-01 | 0 days | 1,990 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 | 1,899 sqft |
2023-06-01 | 0 days | 2,052 sqft |
2023-07-01 | 0 days | 2,132 sqft |
2023-08-01 | 0 days | 2,110 sqft |
2023-09-01 | 0 days | 2,016 sqft |
2023-10-01 | 0 days | 1,936 sqft |
2023-11-01 | 0 days | 2,016 sqft |
2023-12-01 | 0 days | 2,019 sqft |
2024-01-01 | 0 days | 2,027 sqft |
2024-02-01 | 0 days | 1,926 sqft |
2024-03-01 | 0 days | 1,920 sqft |
2024-04-01 | 0 days | 1,875 sqft |
2024-05-01 | 0 days | 1,969 sqft |
2024-06-01 | 0 days | 2,022 sqft |
2024-07-01 | 0 days | 2,025 sqft |
2024-08-01 | 0 days | 2,060 sqft |
2024-09-01 | 0 days | 2,027 sqft |
2024-10-01 | 0 days | 1,873 sqft |
2024-11-01 | 0 days | 1,920 sqft |
2024-12-01 | 0 days | 1,983 sqft |
2025-01-01 | 0 days | 2,016 sqft |
2025-02-01 | 0 days | 2,017 sqft |
2025-03-01 | 0 days | 2,026 sqft |
Mason City's median square footage for active listings during the 2025-03-01 period was 2,026 sqft. One year prior, the average listing was 1,920 sqft.
Mason City, IA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 320 | $58,230,000 | $181,969 |
Refi | 50 | $11,570,000 | $231,400 |
Cash Out Refi | 50 | $7,920,000 | $158,400 |
Other | 42 | $2,570,000 | $61,190 |
Home Improvement | 29 | $2,085,000 | $71,897 |
Mason City's most frequently cited loan purpose was Home Purchase, with 320 originations. The 2nd most popular reason was Refi, with 50 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 213 | $37,305,000 | $175,141 |
7-8% | 80 | $13,540,000 | $169,250 |
5-6% | 68 | $11,570,000 | $170,147 |
Over 8% | 55 | $3,315,000 | $60,273 |
<2.5% | 6 | $30,000 | $5,000 |
4-5% | 1 | $295,000 | $295,000 |
During 2024, Mason City's most frequently originated rate bucket was 6-7%, with 213 originations.
Loan Sizing (Mason City, IA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 184 | $10,870,000 | $59,076 |
$100k-200k | 180 | $25,600,000 | $142,222 |
$200k-400k | 94 | $26,180,000 | $278,511 |
$400k-600k | 25 | $11,835,000 | $473,400 |
$600k-1000k | 6 | $4,380,000 | $730,000 |
$Over $1MM | 2 | $3,510,000 | $1,755,000 |
Mason City's loan sizing saw the bucket of loans from $100,000 or less with 184 originations, totaling $10,870,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 213 | $37,105,000 | $174,202 |
60-80% | 83 | $16,455,000 | $198,253 |
Under 20% | 51 | $2,215,000 | $43,431 |
20-40% | 44 | $4,310,000 | $97,955 |
40-60% | 25 | $4,215,000 | $168,600 |
Over 100% | 1 | $215,000 | $215,000 |
Mason City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 213 originations, totaling $37,105,000 in origination value.