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 7.05% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

The average rate for the prior week (2024-07-03) was 7.11% and one month ago for the week of 2024-06-06, the average rate was 7.25%.

Mason City's average rate one year ago was 6.67%.

For refis of the same type during the week of 2024-07-11, the average rate was 6.89%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-11 6.89%
Mason City 30 Year Fixed Rate 2024-07-11 7.05%
Mason City 30 Year Fixed Rate Refi 2024-07-11 6.89%
Mason City 15 Year Fixed Rate 2024-07-11 5.97%
Mason City 15 Year Fixed Rate Refi 2024-07-11 6.17%
Mason City 30 Year FHA 2024-07-11 6.81%
Mason City 30 Year FHA Refi 2024-07-11 6.56%
Mason City 30 Year USDA 2024-07-11 6.87%
Mason City 30 Year USDA Refi 2024-07-11 6.67%
Mason City 30 Year VA 2024-07-11 6.56%
Mason City 30 Year VA Refi 2024-07-11 6.56%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Wells Fargo Bank 20 6.74% $3,629
U.S. Bank 12 6.88% $3,570
QUICKEN LOANS, LLC 10 6.86% $5,461
Plains Commerce Bank 9 6.64% $3,743
GREENSTATE CREDIT UNION 8 6.62% $2,316
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 7.44% $2,943
IOWA BANKERS MORTGAGE CORPORATION 5 6.60% $3,073
VERIDIAN CREDIT UNION 5 6.88% $2,035
DUPACO COMMUNITY 4 6.53% $2,865
UNION HOME MORTGAGE CORP. 4 7.66% $5,071
Bankers' Bank 4 6.63% $5,300
GUILD MORTGAGE COMPANY 3 7.21% $6,566
Mr. Cooper ( Nationstar Mortgage ) 3 6.50% $6,380
JPMorgan Chase Bank 2 6.75% $2,537
Deere Employees Credit Union 2 6.88% $3,258
Luana Savings Bank 2 6.75% $1,143
Northwest Bank 2 6.38% $3,213
PENNYMAC LOAN SERVICES, LLC 2 6.75% $4,091
Premier Credit Union 2 6.63% $4,136
GREATER IOWA CREDIT UNION 2 7.19% $2,021
GUARANTEED RATE, INC. 2 6.81% $4,248
Servion, Inc. 2 6.88% $4,032
CARDINAL FINANCIAL 2 5.99% $6,236
Bank of America 2 8.38% $5,608
UNITED WHOLESALE MORTGAGE, LLC 2 7.41% $4,130
The Huntington National Bank 1 7.38% $3,699
Tradition Mortgage, LLC 1 7.13% $7,168
ALLIANT CREDIT UNION 1 6.88% $2,982
WINGS FINANCIAL 1 4.88% $3,120
AmeriHome Mortgage Company, LLC 1 6.38% $2,808
Bank Iowa 1 7.75% $2,802
Bell Bank 1 6.50% $6,403
BMO Harris Bank 1 5.88% $4,273
BROKER SOLUTIONS, INC. 1 7.88% $6,052
CHARTER WEST BANK 1 7.50% $2,714
Community Choice Credit Union 1 6.75% $2,396
Farm Credit Mid-America, ACA 1 7.38% $6,303
Farmers State Bank 1 7.25% $2,130
First Savings Bank 1 6.50% $3,586
Flagstar Bank, FSB 1 6.13% $3,026
FRONTIER FINANCIAL, INC. 1 6.63% $4,476
Gateway First Bank 1 6.88% $4,725
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.38% $4,500
Johnson Bank 1 6.00% $2,728
Lincoln Savings Bank 1 7.03% $4,589
LOANDEPOT.COM, LLC 1 6.99% $11,916
MORTGAGE ACCESS CORP. 1 6.49% $6,238
PREMIA MORTGAGE, LLC 1 6.00% $1,148
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $4,582
Primebank 1 6.25% $4,909
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $5,647
ROYAL UNITED MORTGAGE LLC 1 6.25% $6,901
The Central Trust Bank 1 7.50% $4,221

Mason City Average Closing Costs & Other Stats

Mason City, IA's 53 lenders originated 482 loans during 2023. The total origination value was $82,330,000, with an average loan value of $170,809.

Mason City's average closing costs are $3,779.

The top Mason City lender as defined by loan originations is Wells Fargo Bank, with 20 loans originated. Their average total fees are $3,629, which is $60 higher than the next largest lender, U.S. Bank.

The lowest fee Mason City lenders (with over 10 loans originated) are U.S. Bank ($3,570), Wells Fargo Bank ($3,629), QUICKEN LOANS, LLC ($5,461), .

The lowest rate Mason City lenders (with over 10 loans originated) are Wells Fargo Bank (6.74%), QUICKEN LOANS, LLC (6.86%), U.S. Bank (6.88%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Wells Fargo Bank $14,270,000 $10,180,000 -28.7% 12.4%
Plains Commerce Bank $6,710,000 $5,780,000 -13.9% 7.0%
Manufacturers Bank & Trust Company $6,340,000 $5,530,000 -12.8% 6.7%
Hills Bank and Trust Company $375,000 $5,335,000 1,322.7% 6.5%
QUICKEN LOANS, LLC $6,380,000 $4,310,000 -32.4% 5.2%
Ames National Corporation/Reliance State Bank $4,215,000 n/a 5.1%
GREENSTATE CREDIT UNION $4,340,000 $3,805,000 -12.3% 4.6%
U.S. Bank $7,325,000 $2,525,000 -65.5% 3.1%
IOWA BANKERS MORTGAGE CORPORATION $3,615,000 $2,190,000 -39.4% 2.7%
Mortgage Research Center, LLC $4,775,000 $2,020,000 -57.7% 2.5%
Northwest Bank $795,000 $1,770,000 122.6% 2.1%
Bell Bank $1,635,000 n/a 2.0%
VERIDIAN CREDIT UNION $2,360,000 $1,530,000 -35.2% 1.9%
Availa Bank $1,505,000 n/a 1.8%
CARDINAL FINANCIAL $1,075,000 $1,480,000 37.7% 1.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,125,000 $1,425,000 -32.9% 1.7%
DUPACO COMMUNITY $265,000 $990,000 273.6% 1.2%
BROKER SOLUTIONS, INC. $785,000 $870,000 10.8% 1.1%
LOANDEPOT.COM, LLC $890,000 $835,000 -6.2% 1.0%
PENNYMAC LOAN SERVICES, LLC $620,000 $825,000 33.1% 1.0%
UNION HOME MORTGAGE CORP. $780,000 n/a 0.9%
GUILD MORTGAGE COMPANY $775,000 $770,000 -0.6% 0.9%
Luana Savings Bank $900,000 $765,000 -15.0% 0.9%
NAVY FEDERAL CREDIT UNION $380,000 $735,000 93.4% 0.9%
Bankers' Bank $2,570,000 $710,000 -72.4% 0.9%
Mr. Cooper ( Nationstar Mortgage ) $265,000 $675,000 154.7% 0.8%
Premier Credit Union $670,000 n/a 0.8%
MORTGAGE ACCESS CORP. $300,000 $645,000 115.0% 0.8%
BMO Harris Bank $555,000 $585,000 5.4% 0.7%
Servion, Inc. $835,000 $545,000 -34.7% 0.7%
ALLIANT $830,000 $530,000 -36.1% 0.6%
Community Choice Credit Union $35,000 $480,000 1,271.4% 0.6%
Flanagan State Bank $480,000 n/a 0.6%
Lincoln Savings Bank $1,380,000 $465,000 -66.3% 0.6%
Farm Credit Mid-America, ACA $570,000 $460,000 -19.3% 0.6%
Deere Employees Credit Union $1,820,000 $450,000 -75.3% 0.5%
Bank of America $465,000 $410,000 -11.8% 0.5%
Collins Community Credit Union $420,000 $410,000 -2.4% 0.5%
Bankers Trust Company $640,000 $405,000 -36.7% 0.5%
GREATER IOWA CREDIT UNION $85,000 $400,000 370.6% 0.5%
Sierra Pacific Mortgage Company, Inc. $355,000 n/a 0.4%
Tradition Mortgage, LLC $355,000 n/a 0.4%
GUARANTEED RATE, INC. $705,000 $330,000 -53.2% 0.4%
UNITED WHOLESALE MORTGAGE, LLC $930,000 $330,000 -64.5% 0.4%
MORTGAGE SOLUTIONS OF COLORADO, LLC $325,000 n/a 0.4%
The Huntington National Bank $315,000 n/a 0.4%
FRONTIER FINANCIAL, INC. $310,000 n/a 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $105,000 $305,000 190.5% 0.4%
Primebank $295,000 n/a 0.4%
WINGS FINANCIAL $55,000 $295,000 436.4% 0.4%
Bank Iowa $250,000 $290,000 16.0% 0.4%
Gateway First Bank $285,000 n/a 0.3%
ENDEAVOR CAPITAL, LLC. $280,000 n/a 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $265,000 n/a 0.3%
HOMEOWNERS FINANCIAL GROUP USA, LLC $260,000 n/a 0.3%
JPMorgan Chase Bank $515,000 $260,000 -49.5% 0.3%
NEW DAY FINANCIAL, LLC $295,000 $260,000 -11.9% 0.3%
Flagstar Bank, FSB $1,330,000 $250,000 -81.2% 0.3%
PREMIA MORTGAGE, LLC $215,000 n/a 0.3%
AMERICAN FINANCING CORPORATION $545,000 $195,000 -64.2% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $255,000 $195,000 -23.5% 0.2%
AmeriHome Mortgage Company, LLC $95,000 $195,000 105.3% 0.2%
Quad City Bank and Trust Company $185,000 n/a 0.2%
TruBank $180,000 n/a 0.2%
First Savings Bank $95,000 $175,000 84.2% 0.2%
Cedar Rapids Bank and Trust Company $170,000 n/a 0.2%
Figure Lending LLC $110,000 $160,000 45.5% 0.2%
FINANCE OF AMERICA REVERSE LLC $140,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $235,000 $140,000 -40.4% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $135,000 n/a 0.2%
The Readlyn Savings Bank $135,000 n/a 0.2%
Carrington Mortgage Services, LLC $310,000 $130,000 -58.1% 0.2%
AMERISAVE MORTGAGE CORPORATION $1,570,000 $125,000 -92.0% 0.2%
MID AMERICA MORTGAGE, INC. $125,000 n/a 0.2%
NFM, INC. $125,000 n/a 0.2%
USAA Federal Savings Bank $640,000 $125,000 -80.5% 0.2%
Farmers State Bank $765,000 $105,000 -86.3% 0.1%
First Bank $105,000 n/a 0.1%
NEWREZ LLC $105,000 n/a 0.1%
CHARTER WEST BANK $95,000 n/a 0.1%
Fidelity Bank & Trust $90,000 $90,000 0.0% 0.1%
PLAZA HOME MORTGAGE, INC. $90,000 n/a 0.1%
ALLIANT CREDIT UNION $75,000 n/a 0.1%
ALTRA $75,000 n/a 0.1%
GNB Bank $75,000 n/a 0.1%
SPRING EQ, LLC $65,000 n/a 0.1%
Johnson Bank $55,000 n/a 0.1%
Coastal Community Bank $50,000 n/a 0.1%
HIWAY $135,000 $45,000 -66.7% 0.1%
The Central Trust Bank $45,000 n/a 0.1%
AFFINITY $35,000 n/a 0.0%
Bremer Bank $35,000 n/a 0.0%
CEDAR FALLS COMMUNITY CREDIT UNION $45,000 $35,000 -22.2% 0.0%

Mason City's top lender by overall market share is Wells Fargo Bank, with 12.4% market share. In second place, with 7.0%, is Plains Commerce Bank, having originated $5,780,000 in loans. In third place, with 6.7%, is Manufacturers Bank & Trust Company, having originated $5,530,000 in loans. In fourth place, with 6.5%, is Hills Bank and Trust Company, having originated $5,335,000 in loans. In fifth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $4,310,000 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 $225,000 (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 $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
2023-09-01 $225,000 (0.0%) $384,022 (9.4%) 0.00 124
2023-10-01 $229,725 (-2.2%) $353,802 (-0.8%) 0.00 143
2023-11-01 $219,750 (-5.4%) $316,106 (-10.8%) 0.00 135
2023-12-01 $220,000 (-11.1%) $311,034 (-12.8%) 0.00 129
2024-01-01 $222,475 (-4.8%) $318,470 (-5.3%) 0.00 123
2024-02-01 $216,225 (-13.5%) $306,318 (-14.2%) 0.00 136
2024-03-01 $225,000 (-10.0%) $321,093 (-14.2%) 0.00 148
2024-04-01 $239,450 (-3.2%) $365,233 (-1.5%) 0.00 159
2024-05-01 $299,888 (19.4%) $396,069 (6.7%) 0.00 183
2024-06-01 $289,000 (12.2%) $392,070 (-7.9%) 0.00 209
Mason City's median listing price for 2024-06-01 was $289,000, a difference of $31,500 (12.2%) versus the prior year and $-10,888 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 2024-06-01 was $392,070, a difference of $-33,455 (-7.9%) versus the prior year and $-3,999 versus the prior month.

For the 2024-06-01 period, Mason City had 209 MLS listings, a difference of 26 listings (14%) versus the prior month and 93 listings (80%) 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
2023-09-01 0 days 2,024 sqft
2023-10-01 0 days 1,944 sqft
2023-11-01 0 days 2,020 sqft
2023-12-01 0 days 2,022 sqft
2024-01-01 0 days 2,030 sqft
2024-02-01 0 days 1,935 sqft
2024-03-01 0 days 1,923 sqft
2024-04-01 0 days 1,879 sqft
2024-05-01 0 days 1,975 sqft
2024-06-01 0 days 2,028 sqft
Mason City's median listing age (time on market) for 2024-06-01 was 0 days.

Mason City's median square footage for active listings during the 2024-06-01 period was 2,028 sqft. One year prior, the average listing was 2,056 sqft.

Mason City, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 360 $70,740,000 $196,500
Cash Out Refi 37 $5,205,000 $140,676
Other 32 $1,970,000 $61,563
Home Improvement 28 $1,530,000 $54,643
Refi 25 $2,885,000 $115,400

Mason City's most frequently cited loan purpose was Home Purchase, with 360 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 172 $34,490,000 $200,523
7-8% 101 $16,375,000 $162,129
5-6% 62 $12,060,000 $194,516
Over 8% 56 $3,820,000 $68,214
<2.5% 15 $95,000 $6,333
4-5% 1 $295,000 $295,000
3-4% 1 $115,000 $115,000

During 2023, Mason City's most frequently originated rate bucket was 6-7%, with 172 originations.

Loan Sizing (Mason City, IA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 183 $25,705,000 $140,464
$100,000 or less 179 $9,615,000 $53,715
$200k-400k 96 $26,140,000 $272,292
$400k-600k 17 $8,115,000 $477,353
$Over $1MM 6 $12,120,000 $2,020,000
$600k-1000k 1 $635,000 $635,000

Mason City's loan sizing saw the bucket of loans from $100k-200k with 183 originations, totaling $25,705,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 231 $40,405,000 $174,913
60-80% 59 $17,245,000 $292,288
Under 20% 49 $1,465,000 $29,898
20-40% 41 $2,925,000 $71,341
40-60% 24 $3,890,000 $162,083
Over 100% 6 $1,330,000 $221,667

Mason City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 231 originations, totaling $40,405,000 in origination value.