Minot Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Minot averaged 6.68% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 6.37% and one month ago for the week of 2023-08-17, the average rate was 6.28%.

    Minot's average rate one year ago was 5.21%.

    For refis of the same type during the week of 2023-09-21, the average rate was 7.29%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Minot 30 Year Fixed Rate 2023-09-21 6.68%
    Minot 30 Year Fixed Rate Refi 2023-09-21 7.29%
    Minot 15 Year Fixed Rate 2023-09-21 6.74%
    Minot 15 Year Fixed Rate Refi 2023-09-21 6.44%
    Minot 30 Year FHA 2023-09-21 6.4%
    Minot 30 Year FHA Refi 2023-09-21 7.24%
    Minot 30 Year USDA 2023-09-21 6.92%
    Minot 30 Year USDA Refi 2023-09-21 7.02%
    Minot 30 Year VA 2023-09-21 6.41%
    Minot 30 Year VA Refi 2023-09-21 6.62%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Minot, ND.

    Minot 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 Minot, ND 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
    Gate City Bank 116 4.15% $4,939
    TOWN AND COUNTRY Credit Union 67 4.51% $4,770
    First International Bank & Trust 57 4.79% $2,771
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 37 4.94% $2,419
    First Western Bank & Trust 32 4.74% $3,918
    American Bank Center 18 5.05% $4,843
    Wells Fargo Bank 17 5.12% $3,857
    PRIMARY RESIDENTIAL MORTGAGE, INC. 13 5.03% $5,030
    QUICKEN LOANS, LLC 12 4.58% $6,456
    Bremer Bank 10 4.75% $5,211
    GUARANTEED RATE, INC. 8 5.06% $7,773
    Flagstar Bank, FSB 8 4.90% $5,681
    Mr. Cooper ( Nationstar Mortgage ) 4 4.37% $8,820
    UNITED WHOLESALE MORTGAGE, LLC 4 5.40% $4,068
    U.S. Bank 3 4.33% $1,800
    GREAT RIVER FEDERAL CREDIT UNION 3 4.16% $3,047
    Servion, Inc. 3 5.92% $3,898
    Dacotah Bank 3 4.13% $3,701
    NEWREZ LLC 3 4.88% $4,893
    CRESCENT MORTGAGE COMPANY 3 4.21% $5,202
    LOANDEPOT.COM, LLC 2 3.38% $6,795
    PREMIA MORTGAGE, LLC 2 4.56% $0
    Plains Commerce Bank 2 5.44% $5,143
    First National Bank 2 4.50% $2,791
    HOME POINT FINANCIAL CORPORATION 2 4.50% $6,643
    CALIBER HOME LOANS, INC. 2 4.75% $3,447
    JPMorgan Chase Bank 2 4.87% $1
    Bell Bank 2 3.31% $3,119
    NAVY FEDERAL CREDIT UNION 1 5.88% $15,212
    Ally Bank 1 4.38% $8,398
    AMCAP MORTGAGE, LTD. 1 6.13% $6,059
    AMERISAVE MORTGAGE CORPORATION 1 2.88% $21,727
    BAY EQUITY LLC 1 2.88% $6,473
    BETTER MORTGAGE CORPORATION 1 5.25% $3,363
    Citizens Bank 1 4.75% $3,793
    FINANCE OF AMERICA MORTGAGE LLC 1 5.88% $5,995
    FREEDOM MORTGAGE CORPORATION 1 5.88% $6,261
    Hometown Lenders, Inc. 1 3.88% $6,976
    Ixonia Bank 1 4.99% $4,818
    Magnolia Bank 1 6.13% $6,997
    Alerus Financial 1 3.38% $110
    Paramount Residential Mortgage Group, Inc. 1 5.88% $7,865
    PLANET HOME LENDING, LLC 1 2.88% $4,721
    S1L, Inc. 1 4.75% $4,244
    The Central Trust Bank 1 5.88% $3,595
    The Huntington National Bank 1 2.38% $4,879
    Truist 1 3.63% $6,514
    Unify Home Lending Inc. 1 7.50% $2,191
    UNIVERSAL LENDING CORPORATION 1 7.13% $5,536

    Minot Average Closing Costs & Other Stats

    Minot, ND's 49 lenders originated 1,439 loans during 2022. The total origination value was $344,455,000, with an average loan value of $239,371.

    Minot's average closing costs are $5,015.

    The top Minot lender as defined by loan originations is Gate City Bank, with 116 loans originated. Their average total fees are $4,939, which is $168 higher than the next largest lender, TOWN AND COUNTRY Credit Union.

    The lowest fee Minot lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($2,419), First International Bank & Trust ($2,771), Wells Fargo Bank ($3,857), First Western Bank & Trust ($3,918) and TOWN AND COUNTRY Credit Union ($4,770).

    The lowest rate Minot lenders (with over 10 loans originated) are Gate City Bank (4.15%), TOWN AND COUNTRY Credit Union (4.51%), QUICKEN LOANS, LLC (4.58%), First Western Bank & Trust (4.74%) and Bremer Bank (4.75%).

    Minot, ND 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
    TOWN AND COUNTRY Credit Union $86,640,000 $53,480,000 -38.3% 15.5%
    Gate City Bank $99,455,000 $51,765,000 -48.0% 15.0%
    First International Bank & Trust $54,515,000 $38,010,000 -30.3% 11.0%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $41,925,000 $30,075,000 -28.3% 8.7%
    First Western Bank & Trust $31,735,000 $25,540,000 -19.5% 7.4%
    Mortgage Research Center, LLC $26,330,000 $14,965,000 -43.2% 4.3%
    GUARANTEED RATE, INC. $18,530,000 $11,595,000 -37.4% 3.4%
    Dacotah Bank $5,125,000 $10,385,000 102.6% 3.0%
    QUICKEN LOANS, LLC $27,790,000 $9,715,000 -65.0% 2.8%
    Flagstar Bank, FSB $14,320,000 $9,015,000 -37.0% 2.6%
    Cornerstone Bank $1,060,000 $8,720,000 722.6% 2.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $15,360,000 $7,655,000 -50.2% 2.2%
    Bremer Bank $15,360,000 $6,530,000 -57.5% 1.9%
    American Bank Center $12,150,000 $6,000,000 -50.6% 1.7%
    Wells Fargo Bank $7,255,000 $4,745,000 -34.6% 1.4%
    Plains Commerce Bank $410,000 $4,680,000 1,041.5% 1.4%
    UNITED WHOLESALE MORTGAGE, LLC $3,860,000 $4,290,000 11.1% 1.2%
    FREEDOM MORTGAGE CORPORATION $18,365,000 $2,990,000 -83.7% 0.9%
    NAVY FEDERAL CREDIT UNION $2,830,000 $2,930,000 3.5% 0.9%
    U.S. Bank $6,750,000 $2,430,000 -64.0% 0.7%
    LOANDEPOT.COM, LLC $7,080,000 $2,085,000 -70.6% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $980,000 $2,050,000 109.2% 0.6%
    USAA Federal Savings Bank $6,070,000 $1,825,000 -69.9% 0.5%
    AMERISAVE MORTGAGE CORPORATION $2,050,000 $1,610,000 -21.5% 0.5%
    The Federal Savings Bank $2,815,000 $1,310,000 -53.5% 0.4%
    FIRST COMMUNITY CREDIT UNION $3,855,000 $1,220,000 -68.4% 0.4%
    CRESCENT MORTGAGE COMPANY $1,210,000 $1,205,000 -0.4% 0.3%
    Servion, Inc. $215,000 $1,180,000 448.8% 0.3%
    NEWREZ LLC $630,000 $1,040,000 65.1% 0.3%
    Barrington Bank & Trust Company, N.A. $2,265,000 $970,000 -57.2% 0.3%
    PENNYMAC LOAN SERVICES, LLC $8,660,000 $960,000 -88.9% 0.3%
    PREMIA MORTGAGE, LLC $305,000 $935,000 206.6% 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,030,000 $915,000 -11.2% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,140,000 $900,000 -21.1% 0.3%
    Kirkwood Bank & Trust Co. $3,170,000 $860,000 -72.9% 0.2%
    RAILWAY CREDIT UNION $295,000 $860,000 191.5% 0.2%
    Bell Bank $430,000 $735,000 70.9% 0.2%
    CAPITAL CREDIT UNION $725,000 $735,000 1.4% 0.2%
    CALIBER HOME LOANS, INC. $7,725,000 $665,000 -91.4% 0.2%
    First National Bank $365,000 $600,000 64.4% 0.2%
    The Huntington National Bank $310,000 $550,000 77.4% 0.2%
    Alerus Financial $205,000 $525,000 156.1% 0.2%
    CMG MORTGAGE, INC. $270,000 $525,000 94.4% 0.2%
    Amerifirst Financial, Inc. $505,000 n/a 0.1%
    JPMorgan Chase Bank $630,000 $495,000 -21.4% 0.1%
    BROKER SOLUTIONS, INC. $2,650,000 $480,000 -81.9% 0.1%
    PLANET HOME LENDING, LLC $475,000 n/a 0.1%
    SECURITYNATIONAL MORTGAGE COMPANY $455,000 n/a 0.1%
    AMERICAN INTERNET MORTGAGE, INC. $235,000 $450,000 91.5% 0.1%
    GUILD MORTGAGE COMPANY $1,450,000 $450,000 -69.0% 0.1%
    Paramount Residential Mortgage Group, Inc. $480,000 $435,000 -9.4% 0.1%
    BAY EQUITY LLC $790,000 $385,000 -51.3% 0.1%
    Ally Bank $565,000 $375,000 -33.6% 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $375,000 n/a 0.1%
    Stockman Bank of Montana $4,330,000 $375,000 -91.3% 0.1%
    HOME POINT FINANCIAL CORPORATION $4,450,000 $370,000 -91.7% 0.1%
    Unify Home Lending Inc. $365,000 n/a 0.1%
    Citizens Bank $400,000 $360,000 -10.0% 0.1%
    Northpointe Bank $225,000 $345,000 53.3% 0.1%
    PENTAGON FEDERAL CREDIT UNION $245,000 $335,000 36.7% 0.1%
    Truist $515,000 $335,000 -35.0% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $2,180,000 $330,000 -84.9% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $90,000 $330,000 266.7% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $325,000 n/a 0.1%
    BNC National Bank $745,000 $325,000 -56.4% 0.1%
    GREAT RIVER FEDERAL CREDIT UNION $325,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $315,000 n/a 0.1%
    Red River Bank $315,000 n/a 0.1%
    Gateway First Bank $285,000 n/a 0.1%
    North American Savings Bank, F.S.B. $600,000 $285,000 -52.5% 0.1%
    Armed Forces Bank $275,000 n/a 0.1%
    The Central Trust Bank $275,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $695,000 $270,000 -61.2% 0.1%
    S1L, Inc. $255,000 n/a 0.1%
    BANKWEST, INC. $470,000 $250,000 -46.8% 0.1%
    American Federal Bank $225,000 $245,000 8.9% 0.1%
    PLAZA HOME MORTGAGE, INC. $245,000 n/a 0.1%
    WESTERN COOPERATIVE CREDIT UNION $245,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $1,795,000 $235,000 -86.9% 0.1%
    CHERRY CREEK MORTGAGE, LLC $205,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $110,000 $205,000 86.4% 0.1%
    PNC Bank $195,000 n/a 0.1%
    AMCAP MORTGAGE, LTD. $470,000 $175,000 -62.8% 0.1%
    First Savings Bank $755,000 $175,000 -76.8% 0.1%
    Magnolia Bank $175,000 n/a 0.1%
    Hometown Lenders, Inc. $165,000 n/a 0.0%
    Discover Bank $140,000 n/a 0.0%
    Ixonia Bank $135,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $525,000 $110,000 -79.0% 0.0%
    ALAMEDA MORTGAGE CORPORATION $105,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $105,000 n/a 0.0%
    FINANCE OF AMERICA REVERSE LLC $75,000 n/a 0.0%
    First Guaranty Mortgage Corporation $8,225,000 $75,000 -99.1% 0.0%
    UNIVERSAL LENDING CORPORATION $65,000 n/a 0.0%
    Figure Lending LLC $45,000 $45,000 0.0% 0.0%
    Bethpage Federal Credit Union $35,000 n/a 0.0%

    Minot's top lender by overall market share is TOWN AND COUNTRY Credit Union, with 15.5% market share. In second place, with 15.0%, is Gate City Bank, having originated $51,765,000 in loans. In third place, with 11.0%, is First International Bank & Trust, having originated $38,010,000 in loans. In fourth place, with 8.7%, is ARK-LA-TEX FINANCIAL SERVICES, LLC., having originated $30,075,000 in loans. In fifth place, with 7.4%, is First Western Bank & Trust, having originated $25,540,000 in loans.

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

    Realtor.com - Minot (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 $208,450 (-4.5%) $230,361 (-2.1%) 0.00 404
    2018-02-01 $210,000 (-1.2%) $236,507 (3.3%) 0.00 396
    2018-03-01 $210,000 (-1.6%) $236,582 (2.6%) 0.00 394
    2018-04-01 $219,900 (4.8%) $240,121 (3.7%) 0.00 404
    2018-05-01 $219,900 (8.8%) $278,740 (21.1%) 0.00 456
    2018-06-01 $219,900 (10.0%) $279,745 (25.1%) 0.00 494
    2018-07-01 $219,900 (9.4%) $280,108 (26.4%) 0.00 514
    2018-08-01 $219,000 (9.6%) $278,707 (25.6%) 0.00 497
    2018-09-01 $214,900 (4.9%) $279,997 (24.1%) 0.00 486
    2018-10-01 $209,925 (2.3%) $277,616 (21.8%) 0.00 482
    2018-11-01 $203,250 (-2.1%) $272,975 (18.5%) 0.00 481
    2018-12-01 $199,900 (-2.5%) $271,581 (17.2%) 0.00 420
    2019-01-01 $199,450 (-4.3%) $273,371 (18.7%) 0.00 374
    2019-02-01 $199,725 (-4.9%) $272,637 (15.3%) 0.00 382
    2019-03-01 $204,243 (-2.7%) $253,142 (7.0%) 0.00 418
    2019-04-01 $209,900 (-4.6%) $225,260 (-6.2%) 0.00 461
    2019-05-01 $209,925 (-4.5%) $226,906 (-18.6%) 0.00 481
    2019-06-01 $214,500 (-2.5%) $225,329 (-19.5%) 0.00 469
    2019-07-01 $211,250 (-3.9%) $225,805 (-19.4%) 0.00 475
    2019-08-01 $207,173 (-5.4%) $224,373 (-19.5%) 0.00 465
    2019-09-01 $203,082 (-5.5%) $223,345 (-20.2%) 0.00 445
    2019-10-01 $199,900 (-4.8%) $221,071 (-20.4%) 0.00 421
    2019-11-01 $195,450 (-3.8%) $215,927 (-20.9%) 0.00 375
    2019-12-01 $189,500 (-5.2%) $212,889 (-21.6%) 0.00 301
    2020-01-01 $186,475 (-6.5%) $211,363 (-22.7%) 0.00 251
    2020-02-01 $187,500 (-6.1%) $209,064 (-23.3%) 0.00 252
    2020-03-01 $195,000 (-4.5%) $219,448 (-13.3%) 0.00 273
    2020-04-01 $199,925 (-4.8%) $220,819 (-2.0%) 0.00 288
    2020-05-01 $209,450 (-0.2%) $235,970 (4.0%) 0.00 297
    2020-06-01 $212,450 (-1.0%) $241,908 (7.4%) 0.00 313
    2020-07-01 $219,450 (3.9%) $248,972 (10.3%) 0.00 298
    2020-08-01 $214,900 (3.7%) $248,462 (10.7%) 0.00 279
    2020-09-01 $203,500 (0.2%) $244,976 (9.7%) 0.00 256
    2020-10-01 $194,900 (-2.5%) $239,403 (8.3%) 0.00 226
    2020-11-01 $194,900 (-0.3%) $233,197 (8.0%) 0.00 207
    2020-12-01 $208,250 (9.9%) $234,126 (10.0%) 0.00 198
    2021-01-01 $198,000 (6.2%) $229,251 (8.5%) 0.00 166
    2021-02-01 $208,750 (11.3%) $232,088 (11.0%) 0.00 166
    2021-03-01 $208,500 (6.9%) $231,471 (5.5%) 0.00 149
    2021-04-01 $205,750 (2.9%) $241,803 (9.5%) 0.00 141
    2021-05-01 $205,000 (-2.1%) $243,633 (3.3%) 0.00 168
    2021-06-01 $209,975 (-1.2%) $251,384 (3.9%) 0.00 185
    2021-07-01 $209,900 (-4.4%) $257,044 (3.2%) 0.00 207
    2021-08-01 $214,950 (0.0%) $244,462 (-1.6%) 0.00 212
    2021-09-01 $219,950 (8.1%) $245,557 (0.2%) 0.00 209
    2021-10-01 $207,900 (6.7%) $245,140 (2.4%) 0.00 175
    2021-11-01 $194,350 (-0.3%) $223,305 (-4.2%) 0.00 166
    2021-12-01 $204,900 (-1.6%) $220,734 (-5.7%) 0.00 143
    2022-01-01 $193,700 (-2.2%) $205,717 (-10.3%) 0.00 121
    2022-02-01 $184,975 (-11.4%) $206,641 (-11.0%) 0.00 102
    2022-03-01 $199,975 (-4.1%) $219,690 (-5.1%) 0.00 99
    2022-04-01 $210,000 (2.1%) $227,791 (-5.8%) 0.00 107
    2022-05-01 $226,175 (10.3%) $252,150 (3.5%) 0.00 130
    2022-06-01 $239,900 (14.3%) $269,275 (7.1%) 0.00 170
    2022-07-01 $247,900 (18.1%) $272,055 (5.8%) 0.00 188
    2022-08-01 $249,975 (16.3%) $279,274 (14.2%) 0.00 208
    2022-09-01 $249,100 (13.3%) $280,845 (14.4%) 0.00 213
    2022-10-01 $239,450 (15.2%) $274,037 (11.8%) 0.00 217
    2022-11-01 $230,750 (18.7%) $263,305 (17.9%) 0.00 205
    2022-12-01 $230,000 (12.3%) $260,837 (18.2%) 0.00 187
    2023-01-01 $229,900 (18.7%) $254,741 (23.8%) 0.00 166
    2023-02-01 $224,950 (21.6%) $262,062 (26.8%) 0.00 135
    2023-03-01 $228,700 (14.4%) $282,315 (28.5%) 0.00 125
    2023-04-01 $239,900 (14.2%) $297,455 (30.6%) 0.00 108
    2023-05-01 $241,975 (7.0%) $305,924 (21.3%) 0.00 123
    2023-06-01 $243,550 (1.5%) $304,045 (12.9%) 0.00 131
    2023-07-01 $232,500 (-6.2%) $284,890 (4.7%) 0.00 140
    2023-08-01 $237,450 (-5.0%) $287,877 (3.1%) 0.00 156
    Minot's median listing price for 2023-08-01 was $237,450, a difference of $-12,525 (-5.0%) versus the prior year and $4,950 versus the prior month.

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

    Minot's average listing price for 2023-08-01 was $287,877, a difference of $8,603 (3.1%) versus the prior year and $2,987 versus the prior month.

    For the 2023-08-01 period, Minot had 156 MLS listings, a difference of 16 listings (11%) versus the prior month and -52 listings (-25%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Minot (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,140 sqft
    2018-02-01 0 days 2,150 sqft
    2018-03-01 0 days 2,164 sqft
    2018-04-01 0 days 2,174 sqft
    2018-05-01 0 days 2,128 sqft
    2018-06-01 0 days 2,183 sqft
    2018-07-01 0 days 2,183 sqft
    2018-08-01 0 days 2,182 sqft
    2018-09-01 0 days 2,185 sqft
    2018-10-01 0 days 2,148 sqft
    2018-11-01 0 days 2,107 sqft
    2018-12-01 0 days 2,078 sqft
    2019-01-01 0 days 2,054 sqft
    2019-02-01 0 days 2,046 sqft
    2019-03-01 0 days 2,029 sqft
    2019-04-01 0 days 2,027 sqft
    2019-05-01 0 days 2,058 sqft
    2019-06-01 0 days 2,080 sqft
    2019-07-01 0 days 2,093 sqft
    2019-08-01 0 days 2,088 sqft
    2019-09-01 0 days 2,086 sqft
    2019-10-01 0 days 2,084 sqft
    2019-11-01 0 days 2,088 sqft
    2019-12-01 0 days 2,046 sqft
    2020-01-01 0 days 2,041 sqft
    2020-02-01 0 days 2,024 sqft
    2020-03-01 0 days 2,069 sqft
    2020-04-01 0 days 2,080 sqft
    2020-05-01 0 days 2,133 sqft
    2020-06-01 0 days 2,149 sqft
    2020-07-01 0 days 2,156 sqft
    2020-08-01 0 days 2,138 sqft
    2020-09-01 0 days 2,095 sqft
    2020-10-01 0 days 2,097 sqft
    2020-11-01 0 days 2,157 sqft
    2020-12-01 0 days 2,183 sqft
    2021-01-01 0 days 2,052 sqft
    2021-02-01 0 days 2,087 sqft
    2021-03-01 0 days 2,115 sqft
    2021-04-01 0 days 2,113 sqft
    2021-05-01 0 days 2,069 sqft
    2021-06-01 0 days 2,106 sqft
    2021-07-01 0 days 2,134 sqft
    2021-08-01 0 days 2,120 sqft
    2021-09-01 0 days 2,109 sqft
    2021-10-01 0 days 2,006 sqft
    2021-11-01 0 days 1,982 sqft
    2021-12-01 0 days 1,984 sqft
    2022-01-01 0 days 1,912 sqft
    2022-02-01 0 days 1,835 sqft
    2022-03-01 0 days 1,951 sqft
    2022-04-01 0 days 1,989 sqft
    2022-05-01 0 days 2,055 sqft
    2022-06-01 0 days 2,026 sqft
    2022-07-01 0 days 2,097 sqft
    2022-08-01 0 days 2,127 sqft
    2022-09-01 0 days 2,152 sqft
    2022-10-01 0 days 2,184 sqft
    2022-11-01 0 days 2,185 sqft
    2022-12-01 0 days 2,178 sqft
    2023-01-01 0 days 2,142 sqft
    2023-02-01 0 days 2,100 sqft
    2023-03-01 0 days 2,047 sqft
    2023-04-01 0 days 2,162 sqft
    2023-05-01 0 days 2,139 sqft
    2023-06-01 0 days 2,197 sqft
    2023-07-01 0 days 2,030 sqft
    2023-08-01 0 days 2,093 sqft
    Minot's median listing age (time on market) for 2023-08-01 was 0 days.

    Minot's median square footage for active listings during the 2023-08-01 period was 2,093 sqft. One year prior, the average listing was 2,127 sqft.

    Minot, ND Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,067 $274,215,000 $256,996
    Refi 143 $32,135,000 $224,720
    Cash Out Refi 127 $26,895,000 $211,772
    Home Improvement 69 $7,095,000 $102,826
    Other 33 $4,115,000 $124,697

    Minot's most frequently cited loan purpose was Home Purchase, with 1,067 originations. The 2nd most popular reason was Refi, with 143 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 438 $115,030,000 $262,626
    5-6% 334 $73,220,000 $219,222
    3-4% 318 $83,460,000 $262,453
    2.5-3% 127 $33,345,000 $262,559
    6-7% 123 $20,585,000 $167,358
    <2.5% 50 $11,130,000 $222,600
    7-8% 30 $5,160,000 $172,000
    Over 8% 9 $395,000 $43,889

    During 2022, Minot's most frequently originated rate bucket was 4-5%, with 438 originations.

    Loan Sizing (Minot, ND MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 664 $179,790,000 $270,768
    $100k-200k 440 $68,240,000 $155,091
    $100,000 or less 222 $13,370,000 $60,225
    $400k-600k 92 $43,230,000 $469,891
    $600k-1000k 12 $8,340,000 $695,000
    $Over $1MM 9 $31,485,000 $3,498,333

    Minot's loan sizing saw the bucket of loans from $200k-400k with 664 originations, totaling $179,790,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 778 $194,520,000 $250,026
    60-80% 300 $87,550,000 $291,833
    Over 100% 113 $32,305,000 $285,885
    40-60% 100 $18,070,000 $180,700
    Under 20% 69 $2,975,000 $43,116
    20-40% 60 $5,760,000 $96,000

    Minot's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 778 originations, totaling $194,520,000 in origination value.