New Ulm Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in New Ulm averaged 6.92% for the week of 2025-07-10, compared to the national average of 6.72% for the same period.

    The average rate for the prior week (2025-07-03) was 6.57% and one month ago for the week of 2025-06-05, the average rate was 6.85%.

    New Ulm's average rate one year ago was 7.15%.

    For refis of the same type during the week of 2025-07-10, the average rate was 6.72%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-10 6.72%
    New Ulm 30 Year Fixed Rate 2025-07-10 6.92%
    New Ulm 30 Year Fixed Rate Refi 2025-07-10 6.72%
    New Ulm 15 Year Fixed Rate 2025-07-10 6.06%
    New Ulm 15 Year Fixed Rate Refi 2025-07-10 5.96%
    New Ulm 30 Year FHA 2025-07-10 6.42%
    New Ulm 30 Year FHA Refi 2025-07-10 6.52%
    New Ulm 30 Year USDA 2025-07-10 6.45%
    New Ulm 30 Year USDA Refi 2025-07-10 6.65%
    New Ulm 30 Year VA 2025-07-10 6.57%
    New Ulm 30 Year VA Refi 2025-07-10 6.27%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within New Ulm, MN.

    New Ulm 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 New Ulm, MN 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Frandsen Bank & Trust 16 6.41% $4,071
    QUICKEN LOANS, LLC 11 6.77% $4,918
    UNITED WHOLESALE MORTGAGE, LLC 10 6.94% $5,963
    COMPEER FINANCIAL, FLCA 6 7.77% $3,517
    Bremer Bank 4 6.44% $5,116
    AFFINITY PLUS 4 6.09% $3,903
    HomeTown Bank 3 7.05% $3,264
    Plains Commerce Bank 3 6.79% $3,019
    IOWA BANKERS MORTGAGE CORPORATION 2 6.81% $3,580
    BROKER SOLUTIONS, INC. 2 7.06% $5,431
    EVERETT FINANCIAL, INC. 2 7.63% $5,099
    JPMorgan Chase Bank 2 7.18% $1,942
    PLAZA HOME MORTGAGE, INC. 2 6.81% $3,686
    U.S. Bank 2 6.38% $3,120
    Citizens Community Federal 1 6.88% $3,137
    Granite Community Bank 1 6.50% $3,770
    GUARANTEED RATE, INC. 1 6.75% $3,701
    CENTRAL MINNESOTA Credit Union 1 5.88% $3,389
    Cambria Financial Group, LLC 1 6.99% $4,924
    ALAMEDA MORTGAGE CORPORATION 1 6.99% $6,839
    LOANDEPOT.COM, LLC 1 5.75% $10,006
    MLD MORTGAGE INC. 1 6.49% $6,413
    MOVEMENT MORTGAGE, LLC 1 6.50% $3,394
    NAVY FEDERAL CREDIT UNION 1 6.75% $2,378
    NexBank 1 5.88% $5,812
    PENNYMAC LOAN SERVICES, LLC 1 6.99% $5,016
    Bell Bank 1 7.13% $7,129
    Wells Fargo Bank 1 6.63% $6,188
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.13% $5,902
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.00% $4,366
    RANLIFE, INC. 1 6.88% $6,121
    ROYAL UNITED MORTGAGE LLC 1 7.50% $3,604
    SIRVA MORTGAGE, INC. 1 6.88% $0
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $5,962
    Summit Mortgage Corporation 1 6.63% $3,439
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.50% $5,249
    First Bank & Trust 1 6.49% $5,320

    New Ulm Average Closing Costs & Other Stats

    New Ulm, MN's 37 lenders originated 399 loans during 2024. The total origination value was $59,875,000, with an average loan value of $150,063.

    New Ulm's average closing costs are $4,314.

    The top New Ulm lender as defined by loan originations is Frandsen Bank & Trust, with 16 loans originated. Their average total fees are $4,071, which is $848 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee New Ulm lenders (with over 10 loans originated) are Frandsen Bank & Trust ($4,071), QUICKEN LOANS, LLC ($4,918), UNITED WHOLESALE MORTGAGE, LLC ($5,963), .

    The lowest rate New Ulm lenders (with over 10 loans originated) are Frandsen Bank & Trust (6.41%), QUICKEN LOANS, LLC (6.77%), UNITED WHOLESALE MORTGAGE, LLC (6.94%), .

    New Ulm, MN 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
    SOUTHPOINT FINANCIAL $12,310,000 $13,865,000 12.6% 23.2%
    Frandsen Bank & Trust $5,295,000 $5,655,000 6.8% 9.4%
    Citizens Bank Minnesota $7,570,000 $4,890,000 -35.4% 8.2%
    QUICKEN LOANS, LLC $2,525,000 $3,545,000 40.4% 5.9%
    UNITED WHOLESALE MORTGAGE, LLC $2,825,000 $3,365,000 19.1% 5.6%
    COMPEER FINANCIAL, FLCA $1,100,000 $2,030,000 84.5% 3.4%
    Alliance Bank $2,415,000 $1,480,000 -38.7% 2.5%
    Bank Midwest $625,000 $1,470,000 135.2% 2.5%
    Mortgage Research Center, LLC $155,000 $1,400,000 803.2% 2.3%
    BROKER SOLUTIONS, INC. $1,145,000 n/a 1.9%
    AFFINITY PLUS $130,000 $1,125,000 765.4% 1.9%
    Plains Commerce Bank $350,000 $1,050,000 200.0% 1.8%
    Bremer Bank $540,000 $800,000 48.1% 1.3%
    FREEDOM MORTGAGE CORPORATION $175,000 $770,000 340.0% 1.3%
    LOANDEPOT.COM, LLC $185,000 $725,000 291.9% 1.2%
    CROSSCOUNTRY MORTGAGE, LLC $460,000 $720,000 56.5% 1.2%
    Community Bank Mankato $85,000 $560,000 558.8% 0.9%
    Minnwest Bank $440,000 $560,000 27.3% 0.9%
    Prosperity Home Mortgage, LLC $790,000 $560,000 -29.1% 0.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $430,000 $535,000 24.4% 0.9%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $485,000 n/a 0.8%
    American Mortgage & Equity Consultants, Inc. $475,000 n/a 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $380,000 $465,000 22.4% 0.8%
    U.S. Bank $360,000 $465,000 29.2% 0.8%
    HomeTown Bank $125,000 $460,000 268.0% 0.8%
    BankVista $455,000 n/a 0.8%
    GUARANTEED RATE, INC. $1,095,000 $450,000 -58.9% 0.8%
    PLAZA HOME MORTGAGE, INC. $330,000 $420,000 27.3% 0.7%
    NexBank $395,000 n/a 0.7%
    PENNYMAC LOAN SERVICES, LLC $645,000 $360,000 -44.2% 0.6%
    EVERETT FINANCIAL, INC. $275,000 $355,000 29.1% 0.6%
    Magnolia Bank $335,000 n/a 0.6%
    SIRVA MORTGAGE, INC. $205,000 $335,000 63.4% 0.6%
    Bell Bank $330,000 n/a 0.6%
    IOWA BANKERS MORTGAGE CORPORATION $875,000 $320,000 -63.4% 0.5%
    NAVY FEDERAL CREDIT UNION $320,000 n/a 0.5%
    Flagstar Bank, FSB $385,000 $305,000 -20.8% 0.5%
    Cambria Financial Group, LLC $145,000 $290,000 100.0% 0.5%
    Citizens Community Federal $285,000 n/a 0.5%
    CARDINAL FINANCIAL $255,000 n/a 0.4%
    NEWREZ LLC $225,000 $255,000 13.3% 0.4%
    Wells Fargo Bank $735,000 $255,000 -65.3% 0.4%
    ALAMEDA MORTGAGE CORPORATION $245,000 n/a 0.4%
    Pioneer Bank $155,000 $240,000 54.8% 0.4%
    MLD MORTGAGE INC. $225,000 n/a 0.4%
    Minnesota Valley Federal Credit Union $155,000 $220,000 41.9% 0.4%
    First Bank & Trust $155,000 $215,000 38.7% 0.4%
    PREMIER MORTGAGE RESOURCES, L.L.C. $215,000 n/a 0.4%
    VILLAGE CAPITAL MORTGAGE $215,000 n/a 0.4%
    Northeast Bank $210,000 n/a 0.4%
    Ixonia Bank $205,000 n/a 0.3%
    JPMorgan Chase Bank $115,000 $200,000 73.9% 0.3%
    AmeriHome Mortgage Company, LLC $185,000 n/a 0.3%
    BAY EQUITY LLC $105,000 $175,000 66.7% 0.3%
    Carrington Mortgage Services, LLC $175,000 n/a 0.3%
    Citizens Alliance Bank $210,000 $175,000 -16.7% 0.3%
    CORTRUST MORTGAGE, INC. $175,000 n/a 0.3%
    MinnStar Bank N.A. $495,000 $175,000 -64.6% 0.3%
    Tradition Mortgage, LLC $165,000 $155,000 -6.1% 0.3%
    NEW DAY FINANCIAL, LLC $105,000 $145,000 38.1% 0.2%
    AMERISAVE MORTGAGE CORPORATION $290,000 $135,000 -53.4% 0.2%
    CENTRAL MINNESOTA Credit Union $135,000 n/a 0.2%
    Granite Community Bank $135,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $135,000 $135,000 0.0% 0.2%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $120,000 $120,000 0.0% 0.2%
    Summit Mortgage Corporation $255,000 $105,000 -58.8% 0.2%
    UNION HOME MORTGAGE CORP. $105,000 n/a 0.2%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $95,000 n/a 0.2%
    RANLIFE, INC. $95,000 n/a 0.2%
    The Huntington National Bank $75,000 $90,000 20.0% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $215,000 $85,000 -60.5% 0.1%
    Discover Bank $85,000 n/a 0.1%
    CorTrust Bank $75,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $55,000 n/a 0.1%
    Johnson Bank $45,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $35,000 n/a 0.1%
    Figure Lending LLC $35,000 $35,000 0.0% 0.1%
    NOVATION CREDIT UNION $25,000 n/a 0.0%
    SMW Financial Credit Union $25,000 n/a 0.0%
    Coastal Community Bank $15,000 n/a 0.0%

    New Ulm's top lender by overall market share is SOUTHPOINT FINANCIAL, with 23.2% market share. In second place, with 9.4%, is Frandsen Bank & Trust, having originated $5,655,000 in loans. In third place, with 8.2%, is Citizens Bank Minnesota, having originated $4,890,000 in loans. In fourth place, with 5.9%, is QUICKEN LOANS, LLC, having originated $3,545,000 in loans. In fifth place, with 5.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $3,365,000 in loans.

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

    Realtor.com - New Ulm (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 $127,650 (6.7%) $174,624 (5.0%) 0.00 86
    2018-02-01 $129,900 (4.6%) $186,322 (8.5%) 0.00 75
    2018-03-01 $128,500 (5.0%) $183,275 (5.3%) 0.00 73
    2018-04-01 $147,250 (22.8%) $193,063 (12.5%) 0.00 75
    2018-05-01 $145,813 (15.8%) $188,650 (8.9%) 0.00 81
    2018-06-01 $142,200 (7.8%) $196,918 (7.6%) 0.00 79
    2018-07-01 $135,175 (4.2%) $196,437 (9.0%) 0.00 70
    2018-08-01 $141,925 (10.7%) $203,742 (14.1%) 0.00 76
    2018-09-01 $151,000 (19.9%) $192,305 (12.2%) 0.00 82
    2018-10-01 $148,400 (18.8%) $199,383 (20.3%) 0.00 85
    2018-11-01 $145,175 (18.1%) $202,880 (25.2%) 0.00 76
    2018-12-01 $129,900 (4.0%) $194,159 (16.3%) 0.00 70
    2019-01-01 $132,925 (4.1%) $206,222 (18.1%) 0.00 70
    2019-02-01 $133,400 (2.7%) $204,795 (9.9%) 0.00 72
    2019-03-01 $149,186 (16.1%) $206,340 (12.6%) 0.00 73
    2019-04-01 $153,986 (4.6%) $206,890 (7.2%) 0.00 77
    2019-05-01 $145,975 (0.1%) $199,355 (5.7%) 0.00 83
    2019-06-01 $164,900 (16.0%) $205,564 (4.4%) 0.00 82
    2019-07-01 $154,425 (14.2%) $189,491 (-3.5%) 0.00 85
    2019-08-01 $150,464 (6.0%) $178,763 (-12.3%) 0.00 91
    2019-09-01 $155,659 (3.1%) $186,127 (-3.2%) 0.00 94
    2019-10-01 $156,223 (5.3%) $191,702 (-3.9%) 0.00 97
    2019-11-01 $149,900 (3.3%) $184,679 (-9.0%) 0.00 99
    2019-12-01 $149,900 (15.4%) $190,409 (-1.9%) 0.00 90
    2020-01-01 $149,900 (12.8%) $192,912 (-6.5%) 0.00 84
    2020-02-01 $149,900 (12.4%) $196,894 (-3.9%) 0.00 81
    2020-03-01 $156,175 (4.7%) $197,650 (-4.2%) 0.00 75
    2020-04-01 $170,575 (10.8%) $199,444 (-3.6%) 0.00 75
    2020-05-01 $178,450 (22.3%) $204,745 (2.7%) 0.00 68
    2020-06-01 $183,900 (11.5%) $206,486 (0.5%) 0.00 74
    2020-07-01 $165,950 (7.5%) $184,531 (-2.6%) 0.00 73
    2020-08-01 $159,700 (6.1%) $181,149 (1.3%) 0.00 63
    2020-09-01 $141,150 (-9.3%) $172,132 (-7.5%) 0.00 65
    2020-10-01 $138,700 (-11.2%) $165,153 (-13.9%) 0.00 66
    2020-11-01 $134,900 (-10.0%) $164,208 (-11.1%) 0.00 60
    2020-12-01 $128,650 (-14.2%) $164,772 (-13.5%) 0.00 62
    2021-01-01 $139,900 (-6.7%) $183,375 (-4.9%) 0.00 43
    2021-02-01 $127,400 (-15.0%) $205,717 (4.5%) 0.00 41
    2021-03-01 $149,150 (-4.5%) $221,465 (12.1%) 0.00 40
    2021-04-01 $147,950 (-13.3%) $223,566 (12.1%) 0.00 34
    2021-05-01 $139,900 (-21.6%) $209,170 (2.2%) 0.00 26
    2021-06-01 $146,804 (-20.2%) $209,345 (1.4%) 0.00 36
    2021-07-01 $149,000 (-10.2%) $222,812 (20.8%) 0.00 33
    2021-08-01 $143,175 (-10.4%) $205,003 (13.2%) 0.00 38
    2021-09-01 $159,850 (13.3%) $219,449 (27.5%) 0.00 36
    2021-10-01 $159,700 (15.1%) $214,427 (29.8%) 0.00 43
    2021-11-01 $165,450 (22.7%) $243,416 (48.2%) 0.00 32
    2021-12-01 $162,175 (26.1%) $250,229 (51.9%) 0.00 27
    2022-01-01 $169,900 (21.4%) $290,565 (58.5%) 0.00 19
    2022-02-01 $181,200 (42.2%) $223,012 (8.4%) 0.00 14
    2022-03-01 $172,400 (15.6%) $210,703 (-4.9%) 0.00 20
    2022-04-01 $162,400 (9.8%) $221,468 (-0.9%) 0.00 24
    2022-05-01 $209,900 (50.0%) $230,743 (10.3%) 0.00 27
    2022-06-01 $214,900 (46.4%) $256,610 (22.6%) 0.00 38
    2022-07-01 $234,900 (57.7%) $275,517 (23.7%) 0.00 33
    2022-08-01 $247,450 (72.8%) $279,235 (36.2%) 0.00 28
    2022-09-01 $217,450 (36.0%) $257,947 (17.5%) 0.00 32
    2022-10-01 $215,000 (34.6%) $249,343 (16.3%) 0.00 35
    2022-11-01 $184,000 (11.2%) $234,941 (-3.5%) 0.00 28
    2022-12-01 $199,900 (23.3%) $242,643 (-3.0%) 0.00 19
    2023-01-01 $241,150 (41.9%) $242,652 (-16.5%) 0.00 23
    2023-02-01 $294,900 (62.8%) $285,429 (28.0%) 0.00 21
    2023-03-01 $334,950 (94.3%) $303,232 (43.9%) 0.00 21
    2023-04-01 $284,900 (75.4%) $290,191 (31.0%) 0.00 26
    2023-05-01 $267,400 (27.4%) $294,299 (27.5%) 0.00 25
    2023-06-01 $255,400 (18.9%) $287,122 (11.9%) 0.00 25
    2023-07-01 $259,700 (10.6%) $264,857 (-3.9%) 0.00 24
    2023-08-01 $238,800 (-3.5%) $250,827 (-10.2%) 0.00 33
    2023-09-01 $244,900 (12.6%) $250,906 (-2.7%) 0.00 37
    2023-10-01 $218,650 (1.7%) $234,358 (-6.0%) 0.00 46
    2023-11-01 $223,000 (21.2%) $237,775 (1.2%) 0.00 44
    2023-12-01 $242,450 (21.3%) $243,200 (0.2%) 0.00 36
    2024-01-01 $237,450 (-1.5%) $244,717 (0.9%) 0.00 29
    2024-02-01 $258,650 (-12.3%) $271,985 (-4.7%) 0.00 23
    2024-03-01 $279,900 (-16.4%) $274,600 (-9.4%) 0.00 21
    2024-04-01 $249,950 (-12.3%) $245,290 (-15.5%) 0.00 26
    2024-05-01 $249,900 (-6.5%) $237,086 (-19.4%) 0.00 27
    2024-06-01 $247,500 (-3.1%) $254,970 (-11.2%) 0.00 24
    2024-07-01 $248,100 (-4.5%) $260,513 (-1.6%) 0.00 25
    2024-08-01 $238,700 (0.0%) $235,279 (-6.2%) 0.00 28
    2024-09-01 $222,450 (-9.2%) $235,048 (-6.3%) 0.00 42
    2024-10-01 $196,250 (-10.2%) $225,092 (-4.0%) 0.00 49
    2024-11-01 $219,000 (-1.8%) $231,038 (-2.8%) 0.00 42
    2024-12-01 $231,175 (-4.7%) $249,369 (2.5%) 0.00 29
    2025-01-01 $239,900 (1.0%) $239,736 (-2.0%) 0.00 23
    2025-02-01 $219,900 (-15.0%) $229,181 (-15.7%) 0.00 20
    2025-03-01 $239,900 (-14.3%) $242,464 (-11.7%) 0.00 18
    2025-04-01 $253,650 (1.5%) $286,627 (16.9%) 0.00 19
    2025-05-01 $272,400 (9.0%) $306,855 (29.4%) 0.00 32
    2025-06-01 $239,900 (-3.1%) $266,241 (4.4%) 0.00 32
    New Ulm's median listing price for 2025-06-01 was $239,900, a difference of $-7,600 (-3.1%) versus the prior year and $-32,500 versus the prior month.

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

    New Ulm's average listing price for 2025-06-01 was $266,241, a difference of $11,271 (4.4%) versus the prior year and $-40,614 versus the prior month.

    For the 2025-06-01 period, New Ulm had 32 MLS listings, a difference of 0 listings (0%) versus the prior month and 8 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - New Ulm (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,681 sqft
    2018-02-01 0 days 1,750 sqft
    2018-03-01 0 days 1,802 sqft
    2018-04-01 0 days 1,917 sqft
    2018-05-01 0 days 1,882 sqft
    2018-06-01 0 days 1,975 sqft
    2018-07-01 0 days 1,969 sqft
    2018-08-01 0 days 1,976 sqft
    2018-09-01 0 days 1,973 sqft
    2018-10-01 0 days 1,858 sqft
    2018-11-01 0 days 1,754 sqft
    2018-12-01 0 days 1,775 sqft
    2019-01-01 0 days 1,850 sqft
    2019-02-01 0 days 1,910 sqft
    2019-03-01 0 days 1,812 sqft
    2019-04-01 0 days 1,702 sqft
    2019-05-01 0 days 1,721 sqft
    2019-06-01 0 days 1,874 sqft
    2019-07-01 0 days 1,834 sqft
    2019-08-01 0 days 1,815 sqft
    2019-09-01 0 days 1,857 sqft
    2019-10-01 0 days 1,884 sqft
    2019-11-01 0 days 1,850 sqft
    2019-12-01 0 days 1,891 sqft
    2020-01-01 0 days 1,921 sqft
    2020-02-01 0 days 1,930 sqft
    2020-03-01 0 days 1,885 sqft
    2020-04-01 0 days 2,019 sqft
    2020-05-01 0 days 2,134 sqft
    2020-06-01 0 days 2,368 sqft
    2020-07-01 0 days 2,275 sqft
    2020-08-01 0 days 2,244 sqft
    2020-09-01 0 days 2,079 sqft
    2020-10-01 0 days 2,086 sqft
    2020-11-01 0 days 2,062 sqft
    2020-12-01 0 days 2,076 sqft
    2021-01-01 0 days 2,033 sqft
    2021-02-01 0 days 1,837 sqft
    2021-03-01 0 days 1,974 sqft
    2021-04-01 0 days 2,031 sqft
    2021-05-01 0 days 2,104 sqft
    2021-06-01 0 days 2,136 sqft
    2021-07-01 0 days 2,198 sqft
    2021-08-01 0 days 1,974 sqft
    2021-09-01 0 days 2,240 sqft
    2021-10-01 0 days 2,106 sqft
    2021-11-01 0 days 2,237 sqft
    2021-12-01 0 days 2,007 sqft
    2022-01-01 0 days 2,006 sqft
    2022-02-01 0 days 2,020 sqft
    2022-03-01 0 days 2,006 sqft
    2022-04-01 0 days 2,036 sqft
    2022-05-01 0 days 2,199 sqft
    2022-06-01 0 days 2,204 sqft
    2022-07-01 0 days 2,264 sqft
    2022-08-01 0 days 2,288 sqft
    2022-09-01 0 days 2,174 sqft
    2022-10-01 0 days 2,405 sqft
    2022-11-01 0 days 2,246 sqft
    2022-12-01 0 days 2,088 sqft
    2023-01-01 0 days 1,776 sqft
    2023-02-01 0 days 1,774 sqft
    2023-03-01 0 days 1,804 sqft
    2023-04-01 0 days 2,144 sqft
    2023-05-01 0 days 2,184 sqft
    2023-06-01 0 days 2,176 sqft
    2023-07-01 0 days 2,184 sqft
    2023-08-01 0 days 2,328 sqft
    2023-09-01 0 days 2,348 sqft
    2023-10-01 0 days 2,374 sqft
    2023-11-01 0 days 2,388 sqft
    2023-12-01 0 days 2,306 sqft
    2024-01-01 0 days 2,228 sqft
    2024-02-01 0 days 2,326 sqft
    2024-03-01 0 days 2,082 sqft
    2024-04-01 0 days 1,878 sqft
    2024-05-01 0 days 1,984 sqft
    2024-06-01 0 days 1,933 sqft
    2024-07-01 0 days 2,208 sqft
    2024-08-01 0 days 1,891 sqft
    2024-09-01 0 days 2,156 sqft
    2024-10-01 0 days 2,076 sqft
    2024-11-01 0 days 2,132 sqft
    2024-12-01 0 days 2,198 sqft
    2025-01-01 0 days 2,009 sqft
    2025-02-01 0 days 2,211 sqft
    2025-03-01 0 days 2,387 sqft
    2025-04-01 0 days 2,182 sqft
    2025-05-01 0 days 2,288 sqft
    2025-06-01 0 days 2,281 sqft
    New Ulm's median listing age (time on market) for 2025-06-01 was 0 days.

    New Ulm's median square footage for active listings during the 2025-06-01 period was 2,281 sqft. One year prior, the average listing was 1,933 sqft.

    New Ulm, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 268 $46,290,000 $172,724
    Refi 45 $6,495,000 $144,333
    Home Improvement 39 $2,045,000 $52,436
    Other 29 $1,895,000 $65,345
    Cash Out Refi 18 $3,150,000 $175,000

    New Ulm's most frequently cited loan purpose was Home Purchase, with 268 originations. The 2nd most popular reason was Refi, with 45 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 108 $19,130,000 $177,130
    7-8% 49 $7,185,000 $146,633
    5-6% 26 $5,800,000 $223,077
    Over 8% 14 $1,660,000 $118,571
    <2.5% 4 $530,000 $132,500
    4-5% 1 $145,000 $145,000
    2.5-3% 1 $215,000 $215,000

    During 2024, New Ulm's most frequently originated rate bucket was 6-7%, with 108 originations.

    Loan Sizing (New Ulm, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 161 $24,095,000 $149,658
    $100,000 or less 132 $7,040,000 $53,333
    $200k-400k 99 $25,165,000 $254,192
    $400k-600k 6 $2,760,000 $460,000
    $600k-1000k 1 $815,000 $815,000

    New Ulm's loan sizing saw the bucket of loans from $100k-200k with 161 originations, totaling $24,095,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 110 $20,680,000 $188,000
    60-80% 39 $7,645,000 $196,026
    Under 20% 23 $595,000 $25,870
    40-60% 17 $3,205,000 $188,529
    20-40% 8 $650,000 $81,250
    Over 100% 2 $620,000 $310,000

    New Ulm's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 110 originations, totaling $20,680,000 in origination value.