Owatonna Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Owatonna averaged 6.94% for the week of 2024-05-09, compared to the national average of 7.09% for the same period.

The average rate for the prior week (2024-05-02) was 7.07% and one month ago for the week of 2024-04-04, the average rate was 6.87%.

Owatonna's average rate one year ago was 6.24%.

For refis of the same type during the week of 2024-05-09, the average rate was 7.49%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-09 7.09%
Owatonna 30 Year Fixed Rate 2024-05-09 6.94%
Owatonna 30 Year Fixed Rate Refi 2024-05-09 7.49%
Owatonna 15 Year Fixed Rate 2024-05-09 6.18%
Owatonna 15 Year Fixed Rate Refi 2024-05-09 6.98%
Owatonna 30 Year FHA 2024-05-09 6.71%
Owatonna 30 Year FHA Refi 2024-05-09 6.59%
Owatonna 30 Year USDA 2024-05-09 6.79%
Owatonna 30 Year USDA Refi 2024-05-09 6.59%
Owatonna 30 Year VA 2024-05-09 6.49%
Owatonna 30 Year VA Refi 2024-05-09 6.79%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Owatonna, MN.

Owatonna 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 Owatonna, 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 47 6.82% $7,134
U.S. Bank 15 6.67% $3,683
GUARANTEED RATE, INC. 15 6.77% $5,628
Bremer Bank 13 6.84% $5,550
Wells Fargo Bank 12 6.90% $3,067
UNITED WHOLESALE MORTGAGE, LLC 12 6.64% $7,627
QUICKEN LOANS, LLC 11 6.69% $8,668
IOWA BANKERS MORTGAGE CORPORATION 8 6.44% $5,415
TOWNE MORTGAGE COMPANY 8 7.05% $5,838
Cambria Financial Group, LLC 8 7.17% $6,072
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 7.14% $5,076
BAY EQUITY LLC 5 6.77% $4,410
Prosperity Home Mortgage, LLC 4 7.03% $5,128
Bell Bank 4 6.69% $5,405
SIRVA MORTGAGE, INC. 4 6.72% $2,257
AMERISAVE MORTGAGE CORPORATION 3 6.42% $6,240
Merchants Bank 3 6.32% $4,465
Summit Mortgage Corporation 3 6.88% $3,605
WINGS FINANCIAL 3 6.67% $3,584
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 7.13% $4,837
HIWAY 2 7.13% $3,134
BROKER SOLUTIONS, INC. 2 7.38% $6,958
Plains Commerce Bank 2 6.88% $8,126
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 7.06% $8,711
NEWREZ LLC 2 7.63% $5,961
AMERICAN FINANCING CORPORATION 2 6.68% $4,587
AFFINITY PLUS 2 7.25% $6,078
CARDINAL FINANCIAL 2 6.43% $6,089
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 5.38% $2,837
USAA Federal Savings Bank 1 7.00% $4,133
VERIDIAN CREDIT UNION 1 5.75% $3,285
V.I.P. MORTGAGE, INC. 1 7.25% $3,490
ZILLOW HOME LOANS, LLC 1 7.50% $2,952
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.88% $4,096
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.00% $11,703
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $6,276
Barrington Bank & Trust Company, N.A. 1 7.50% $5,980
BETTER MORTGAGE CORPORATION 1 6.88% $2,449
COMPEER FINANCIAL, FLCA 1 8.38% $5,657
DELMAR FINANCIAL COMPANY 1 6.38% $3,976
First Federal Bank 1 6.00% $4,980
First Savings Bank 1 6.75% $2,850
Flagstar Bank, FSB 1 7.88% $3,538
Frandsen Bank & Trust 1 6.25% $3,431
FREEDOM MORTGAGE CORPORATION 1 7.63% $6,203
GUARANTEED RATE AFFINITY, LLC 1 5.88% $8,266
Home Federal Savings Bank 1 7.50% $4,039
Ixonia Bank 1 7.00% $3,845
LAKEVIEW LOAN SERVICING, LLC 1 6.63% $5,847
LOANDEPOT.COM, LLC 1 6.99% $5,200
MEGASTAR FINANCIAL CORP. 1 6.50% $5,608
Minnwest Bank 1 6.38% $7,770
MORTGAGE ACCESS CORP. 1 6.25% $6,649
Mortgage Research Center, LLC 1 6.99% $3,387
PENNYMAC LOAN SERVICES, LLC 1 6.00% $4,217
PLAZA HOME MORTGAGE, INC. 1 6.63% $4,360
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $3,988
Servion, Inc. 1 8.13% $5,536
Think Mutual Bank 1 6.38% $3,994
THRIVENT Federal Credit Union 1 6.75% $3,861

Owatonna Average Closing Costs & Other Stats

Owatonna, MN's 60 lenders originated 564 loans during 2023. The total origination value was $123,570,000, with an average loan value of $219,096.

Owatonna's average closing costs are $4,981.

The top Owatonna lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 47 loans originated. Their average total fees are $7,134, which is $3,451 higher than the next largest lender, U.S. Bank.

The lowest fee Owatonna lenders (with over 10 loans originated) are Wells Fargo Bank ($3,067), U.S. Bank ($3,683), Bremer Bank ($5,550), GUARANTEED RATE, INC. ($5,628) and CROSSCOUNTRY MORTGAGE, LLC ($7,134).

The lowest rate Owatonna lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.64%), U.S. Bank (6.67%), QUICKEN LOANS, LLC (6.69%), GUARANTEED RATE, INC. (6.77%) and CROSSCOUNTRY MORTGAGE, LLC (6.82%).

Owatonna, 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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
CROSSCOUNTRY MORTGAGE, LLC $17,135,000 $17,520,000 2.2% 14.2%
National Bank of Commerce $23,010,000 $16,005,000 -30.4% 13.0%
GUARANTEED RATE, INC. $6,190,000 $7,065,000 14.1% 5.7%
U.S. Bank $5,875,000 $5,810,000 -1.1% 4.7%
Bremer Bank $6,745,000 $5,790,000 -14.2% 4.7%
QUICKEN LOANS, LLC $4,440,000 $5,735,000 29.2% 4.6%
UNITED WHOLESALE MORTGAGE, LLC $4,295,000 $5,235,000 21.9% 4.2%
Wells Fargo Bank $9,195,000 $3,560,000 -61.3% 2.9%
Cambria Financial Group, LLC $3,530,000 $3,510,000 -0.6% 2.8%
TOWNE MORTGAGE COMPANY $6,560,000 $3,295,000 -49.8% 2.7%
Profinium Inc. $3,180,000 n/a 2.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,135,000 $3,105,000 -1.0% 2.5%
IOWA BANKERS MORTGAGE CORPORATION $1,830,000 $2,450,000 33.9% 2.0%
Mortgage Research Center, LLC $2,330,000 $1,980,000 -15.0% 1.6%
SIRVA MORTGAGE, INC. $650,000 $1,630,000 150.8% 1.3%
Prosperity Home Mortgage, LLC $2,215,000 $1,620,000 -26.9% 1.3%
BAY EQUITY LLC $2,040,000 $1,450,000 -28.9% 1.2%
Mr. Cooper ( Nationstar Mortgage ) $1,380,000 $1,325,000 -4.0% 1.1%
Bell Bank $1,700,000 $1,300,000 -23.5% 1.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $490,000 $1,295,000 164.3% 1.0%
USAA Federal Savings Bank $255,000 $1,070,000 319.6% 0.9%
AFFINITY PLUS $1,560,000 $1,065,000 -31.7% 0.9%
BROKER SOLUTIONS, INC. $1,595,000 $980,000 -38.6% 0.8%
Plains Commerce Bank $3,090,000 $915,000 -70.4% 0.7%
Minnwest Bank $970,000 $890,000 -8.2% 0.7%
Servion, Inc. $400,000 $865,000 116.3% 0.7%
The State Bank of Faribault $985,000 $840,000 -14.7% 0.7%
Manufacturers Bank & Trust Company $1,990,000 $835,000 -58.0% 0.7%
CARDINAL FINANCIAL $2,140,000 $825,000 -61.4% 0.7%
AMERISAVE MORTGAGE CORPORATION $1,065,000 $740,000 -30.5% 0.6%
WINGS FINANCIAL $1,985,000 $720,000 -63.7% 0.6%
NEWREZ LLC $440,000 $715,000 62.5% 0.6%
Merchants Bank $1,395,000 $685,000 -50.9% 0.6%
FREEDOM MORTGAGE CORPORATION $1,445,000 $675,000 -53.3% 0.5%
HIWAY $300,000 $665,000 121.7% 0.5%
LOANDEPOT.COM, LLC $3,165,000 $665,000 -79.0% 0.5%
Summit Mortgage Corporation $670,000 $625,000 -6.7% 0.5%
PENNYMAC LOAN SERVICES, LLC $1,210,000 $605,000 -50.0% 0.5%
VERIDIAN CREDIT UNION $580,000 n/a 0.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $185,000 $560,000 202.7% 0.5%
Barrington Bank & Trust Company, N.A. $535,000 $545,000 1.9% 0.4%
COMPEER FINANCIAL, FLCA $2,785,000 $535,000 -80.8% 0.4%
PLAZA HOME MORTGAGE, INC. $660,000 $500,000 -24.2% 0.4%
AMERICAN PACIFIC MORTGAGE CORPORATION $205,000 $480,000 134.1% 0.4%
Frandsen Bank & Trust $1,000,000 $465,000 -53.5% 0.4%
Home Federal Savings Bank $3,650,000 $420,000 -88.5% 0.3%
First Savings Bank $400,000 n/a 0.3%
AMERICAN FINANCING CORPORATION $175,000 $395,000 125.7% 0.3%
Citizens Bank $290,000 $375,000 29.3% 0.3%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $4,965,000 $350,000 -93.0% 0.3%
MORTGAGE ACCESS CORP. $325,000 n/a 0.3%
Discover Bank $150,000 $320,000 113.3% 0.3%
HOMEOWNERS FINANCIAL GROUP USA, LLC $320,000 n/a 0.3%
MID AMERICA MORTGAGE, INC. $320,000 n/a 0.3%
Bank of England $965,000 $285,000 -70.5% 0.2%
Lakeview Bank $285,000 n/a 0.2%
Ixonia Bank $280,000 n/a 0.2%
LAKEVIEW LOAN SERVICING, LLC $320,000 $270,000 -15.6% 0.2%
Bluff View Bank $265,000 n/a 0.2%
EVERETT FINANCIAL, INC. $265,000 n/a 0.2%
Paramount Residential Mortgage Group, Inc. $285,000 $255,000 -10.5% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $245,000 n/a 0.2%
CALIBER HOME LOANS, INC. $245,000 n/a 0.2%
DELMAR FINANCIAL COMPANY $235,000 n/a 0.2%
First Federal Bank $530,000 $235,000 -55.7% 0.2%
Mid-Continent Funding, Inc. $245,000 $235,000 -4.1% 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $440,000 $225,000 -48.9% 0.2%
MEGASTAR FINANCIAL CORP. $225,000 n/a 0.2%
Platinum Bank $225,000 n/a 0.2%
PREMIER MORTGAGE RESOURCES, L.L.C. $225,000 n/a 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,085,000 $215,000 -80.2% 0.2%
Figure Lending LLC $150,000 $200,000 33.3% 0.2%
GUARANTEED RATE AFFINITY, LLC $195,000 n/a 0.2%
MILEND, INC. $615,000 $195,000 -68.3% 0.2%
V.I.P. MORTGAGE, INC. $195,000 n/a 0.2%
Axos Bank $185,000 n/a 0.1%
Carrington Mortgage Services, LLC $185,000 n/a 0.1%
Centier Bank $185,000 n/a 0.1%
Flagstar Bank, FSB $510,000 $185,000 -63.7% 0.1%
American Mortgage & Equity Consultants, Inc. $765,000 $180,000 -76.5% 0.1%
Century Mortgage Company DBA Century Lending Company $180,000 n/a 0.1%
First Bank & Trust $705,000 $180,000 -74.5% 0.1%
BETTER MORTGAGE CORPORATION $785,000 $175,000 -77.7% 0.1%
COMMUNITY MORTGAGE FUNDING, LLC $175,000 n/a 0.1%
Equity Prime Mortgage LLC $175,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $160,000 n/a 0.1%
PNC Bank $155,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $145,000 $145,000 0.0% 0.1%
THRIVENT Federal Credit Union $135,000 n/a 0.1%
TOWER $125,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $410,000 $120,000 -70.7% 0.1%
Think Mutual Bank $300,000 $105,000 -65.0% 0.1%
The Huntington National Bank $910,000 $80,000 -91.2% 0.1%
Cornerstone State Bank $75,000 n/a 0.1%
BUILDING TRADES FEDERAL CREDIT UNION $65,000 n/a 0.1%
Coastal Community Bank $65,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $780,000 $55,000 -92.9% 0.0%
NOVATION CREDIT UNION $55,000 n/a 0.0%
Midwest Heritage Bank FSB $45,000 n/a 0.0%
SPIRE Credit Union $25,000 $45,000 80.0% 0.0%
BMO Harris Bank $25,000 n/a 0.0%
CAPITAL CREDIT UNION $25,000 n/a 0.0%
MAYO EMPLOYEES FEDERAL CREDIT UNION $15,000 n/a 0.0%

Owatonna's top lender by overall market share is CROSSCOUNTRY MORTGAGE, LLC, with 14.2% market share. In second place, with 13.0%, is National Bank of Commerce, having originated $16,005,000 in loans. In third place, with 5.7%, is GUARANTEED RATE, INC., having originated $7,065,000 in loans. In fourth place, with 4.7%, is U.S. Bank, having originated $5,810,000 in loans. In fifth place, with 4.7%, is Bremer Bank, having originated $5,790,000 in loans.


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

Realtor.com - Owatonna (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 $199,700 (35.5%) $236,700 (29.4%) 0.00 68
2018-02-01 $184,800 (15.6%) $222,855 (14.1%) 0.00 69
2018-03-01 $202,250 (33.5%) $232,882 (18.4%) 0.00 71
2018-04-01 $221,600 (27.0%) $252,251 (17.1%) 0.00 71
2018-05-01 $212,700 (0.2%) $244,073 (4.0%) 0.00 78
2018-06-01 $215,000 (2.4%) $241,586 (3.7%) 0.00 82
2018-07-01 $206,150 (-3.0%) $239,150 (3.7%) 0.00 81
2018-08-01 $212,725 (0.7%) $244,981 (4.9%) 0.00 88
2018-09-01 $206,750 (-4.7%) $239,989 (0.1%) 0.00 100
2018-10-01 $202,450 (-6.7%) $233,853 (-3.0%) 0.00 103
2018-11-01 $197,900 (-2.0%) $216,729 (-7.6%) 0.00 106
2018-12-01 $199,500 (-7.2%) $216,929 (-8.4%) 0.00 98
2019-01-01 $201,450 (0.9%) $218,470 (-7.7%) 0.00 85
2019-02-01 $209,450 (13.3%) $225,248 (1.1%) 0.00 76
2019-03-01 $210,471 (4.1%) $231,728 (-0.5%) 0.00 74
2019-04-01 $208,996 (-5.7%) $231,794 (-8.1%) 0.00 86
2019-05-01 $221,150 (4.0%) $240,377 (-1.5%) 0.00 100
2019-06-01 $228,900 (6.5%) $244,643 (1.3%) 0.00 98
2019-07-01 $241,750 (17.3%) $253,429 (6.0%) 0.00 104
2019-08-01 $227,587 (7.0%) $247,732 (1.1%) 0.00 107
2019-09-01 $224,117 (8.4%) $243,371 (1.4%) 0.00 112
2019-10-01 $223,570 (10.4%) $240,866 (3.0%) 0.00 110
2019-11-01 $231,400 (16.9%) $251,393 (16.0%) 0.00 100
2019-12-01 $228,900 (14.7%) $246,605 (13.7%) 0.00 87
2020-01-01 $223,425 (10.9%) $243,065 (11.3%) 0.00 74
2020-02-01 $218,900 (4.5%) $241,745 (7.3%) 0.00 64
2020-03-01 $215,550 (2.4%) $242,147 (4.5%) 0.00 64
2020-04-01 $219,450 (5.0%) $251,511 (8.5%) 0.00 55
2020-05-01 $249,000 (12.6%) $253,389 (5.4%) 0.00 71
2020-06-01 $253,900 (10.9%) $264,222 (8.0%) 0.00 71
2020-07-01 $257,150 (6.4%) $268,655 (6.0%) 0.00 54
2020-08-01 $249,900 (9.8%) $266,310 (7.5%) 0.00 62
2020-09-01 $243,650 (8.7%) $265,673 (9.2%) 0.00 61
2020-10-01 $229,900 (2.8%) $264,204 (9.7%) 0.00 46
2020-11-01 $206,575 (-10.7%) $259,009 (3.0%) 0.00 45
2020-12-01 $202,400 (-11.6%) $243,729 (-1.2%) 0.00 31
2021-01-01 $199,700 (-10.6%) $234,870 (-3.4%) 0.00 26
2021-02-01 $199,250 (-9.0%) $228,660 (-5.4%) 0.00 25
2021-03-01 $233,725 (8.4%) $252,995 (4.5%) 0.00 27
2021-04-01 $264,900 (20.7%) $269,072 (7.0%) 0.00 30
2021-05-01 $224,900 (-9.7%) $253,344 (0.0%) 0.00 24
2021-06-01 $253,300 (-0.2%) $279,867 (5.9%) 0.00 25
2021-07-01 $239,900 (-6.7%) $264,231 (-1.7%) 0.00 39
2021-08-01 $256,250 (2.5%) $258,912 (-2.8%) 0.00 36
2021-09-01 $240,000 (-1.5%) $252,614 (-4.9%) 0.00 54
2021-10-01 $229,900 (0.0%) $240,763 (-8.9%) 0.00 49
2021-11-01 $235,950 (14.2%) $248,581 (-4.0%) 0.00 48
2021-12-01 $232,425 (14.8%) $259,171 (6.3%) 0.00 38
2022-01-01 $234,900 (17.6%) $263,667 (12.3%) 0.00 33
2022-02-01 $249,150 (25.0%) $246,421 (7.8%) 0.00 21
2022-03-01 $226,950 (-2.9%) $254,485 (0.6%) 0.00 19
2022-04-01 $274,900 (3.8%) $267,500 (-0.6%) 0.00 21
2022-05-01 $275,950 (22.7%) $303,323 (19.7%) 0.00 31
2022-06-01 $263,350 (4.0%) $279,666 (-0.1%) 0.00 39
2022-07-01 $279,000 (16.3%) $296,218 (12.1%) 0.00 42
2022-08-01 $279,750 (9.2%) $305,129 (17.9%) 0.00 50
2022-09-01 $276,250 (15.1%) $301,202 (19.2%) 0.00 43
2022-10-01 $289,900 (26.1%) $312,143 (29.7%) 0.00 46
2022-11-01 $284,900 (20.8%) $305,718 (23.0%) 0.00 50
2022-12-01 $286,950 (23.5%) $317,225 (22.4%) 0.00 39
2023-01-01 $289,675 (23.3%) $329,345 (24.9%) 0.00 34
2023-02-01 $286,950 (15.2%) $347,817 (41.2%) 0.00 30
2023-03-01 $288,425 (27.1%) $335,898 (32.0%) 0.00 22
2023-04-01 $339,000 (23.3%) $396,304 (48.2%) 0.00 21
2023-05-01 $334,925 (21.4%) $381,585 (25.8%) 0.00 23
2023-06-01 $302,950 (15.0%) $356,509 (27.5%) 0.00 25
2023-07-01 $299,900 (7.5%) $352,800 (19.1%) 0.00 37
2023-08-01 $283,000 (1.2%) $330,539 (8.3%) 0.00 44
2023-09-01 $319,500 (15.7%) $368,178 (22.2%) 0.00 49
2023-10-01 $339,900 (17.3%) $369,823 (18.5%) 0.00 50
2023-11-01 $309,800 (8.7%) $335,772 (9.8%) 0.00 47
2023-12-01 $299,900 (4.5%) $319,779 (0.8%) 0.00 37
2024-01-01 $322,325 (11.3%) $345,662 (5.0%) 0.00 33
2024-02-01 $349,900 (21.9%) $351,267 (1.0%) 0.00 31
2024-03-01 $359,000 (24.5%) $349,749 (4.1%) 0.00 26
2024-04-01 $342,000 (0.9%) $364,270 (-8.1%) 0.00 35
Owatonna's median listing price for 2024-04-01 was $342,000, a difference of $3,000 (0.9%) versus the prior year and $-17,000 versus the prior month.

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

Owatonna's average listing price for 2024-04-01 was $364,270, a difference of $-32,034 (-8.1%) versus the prior year and $14,521 versus the prior month.

For the 2024-04-01 period, Owatonna had 35 MLS listings, a difference of 9 listings (35%) versus the prior month and 14 listings (67%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Owatonna (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,560 sqft
2018-02-01 0 days 2,468 sqft
2018-03-01 0 days 2,404 sqft
2018-04-01 0 days 2,499 sqft
2018-05-01 0 days 2,356 sqft
2018-06-01 0 days 2,498 sqft
2018-07-01 0 days 2,374 sqft
2018-08-01 0 days 2,437 sqft
2018-09-01 0 days 2,428 sqft
2018-10-01 0 days 2,372 sqft
2018-11-01 0 days 2,303 sqft
2018-12-01 0 days 2,253 sqft
2019-01-01 0 days 1,855 sqft
2019-02-01 0 days 1,906 sqft
2019-03-01 0 days 1,873 sqft
2019-04-01 0 days 1,863 sqft
2019-05-01 0 days 1,956 sqft
2019-06-01 0 days 2,011 sqft
2019-07-01 0 days 2,001 sqft
2019-08-01 0 days 1,979 sqft
2019-09-01 0 days 1,946 sqft
2019-10-01 0 days 1,938 sqft
2019-11-01 0 days 2,036 sqft
2019-12-01 0 days 2,013 sqft
2020-01-01 0 days 1,986 sqft
2020-02-01 0 days 1,760 sqft
2020-03-01 0 days 1,777 sqft
2020-04-01 0 days 1,997 sqft
2020-05-01 0 days 1,918 sqft
2020-06-01 0 days 2,093 sqft
2020-07-01 0 days 2,143 sqft
2020-08-01 0 days 2,175 sqft
2020-09-01 0 days 2,130 sqft
2020-10-01 0 days 1,890 sqft
2020-11-01 0 days 1,801 sqft
2020-12-01 0 days 1,750 sqft
2021-01-01 0 days 1,645 sqft
2021-02-01 0 days 1,790 sqft
2021-03-01 0 days 1,800 sqft
2021-04-01 0 days 1,858 sqft
2021-05-01 0 days 1,842 sqft
2021-06-01 0 days 1,823 sqft
2021-07-01 0 days 1,813 sqft
2021-08-01 0 days 1,844 sqft
2021-09-01 0 days 1,933 sqft
2021-10-01 0 days 1,813 sqft
2021-11-01 0 days 1,828 sqft
2021-12-01 0 days 1,785 sqft
2022-01-01 0 days 1,779 sqft
2022-02-01 0 days 2,047 sqft
2022-03-01 0 days 2,185 sqft
2022-04-01 0 days 2,500 sqft
2022-05-01 0 days 1,958 sqft
2022-06-01 0 days 1,850 sqft
2022-07-01 0 days 2,034 sqft
2022-08-01 0 days 2,014 sqft
2022-09-01 0 days 1,926 sqft
2022-10-01 0 days 1,932 sqft
2022-11-01 0 days 1,886 sqft
2022-12-01 0 days 1,868 sqft
2023-01-01 0 days 1,893 sqft
2023-02-01 0 days 1,847 sqft
2023-03-01 0 days 1,825 sqft
2023-04-01 0 days 2,025 sqft
2023-05-01 0 days 2,059 sqft
2023-06-01 0 days 1,993 sqft
2023-07-01 0 days 1,915 sqft
2023-08-01 0 days 1,961 sqft
2023-09-01 0 days 2,000 sqft
2023-10-01 0 days 2,235 sqft
2023-11-01 0 days 1,969 sqft
2023-12-01 0 days 1,976 sqft
2024-01-01 0 days 1,943 sqft
2024-02-01 0 days 1,944 sqft
2024-03-01 0 days 1,984 sqft
2024-04-01 0 days 1,992 sqft
Owatonna's median listing age (time on market) for 2024-04-01 was 0 days.

Owatonna's median square footage for active listings during the 2024-04-01 period was 1,992 sqft. One year prior, the average listing was 2,025 sqft.

Owatonna, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 394 $101,750,000 $258,249
Cash Out Refi 72 $12,520,000 $173,889
Other 44 $3,290,000 $74,773
Home Improvement 37 $2,565,000 $69,324
Refi 17 $3,445,000 $202,647

Owatonna's most frequently cited loan purpose was Home Purchase, with 394 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 236 $67,130,000 $284,449
7-8% 128 $27,240,000 $212,813
5-6% 72 $14,880,000 $206,667
Over 8% 72 $7,200,000 $100,000
<2.5% 12 $180,000 $15,000
4-5% 2 $500,000 $250,000

During 2023, Owatonna's most frequently originated rate bucket was 6-7%, with 236 originations.

Loan Sizing (Owatonna, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 237 $62,945,000 $265,591
$100k-200k 179 $28,035,000 $156,620
$100,000 or less 124 $5,600,000 $45,161
$400k-600k 21 $9,475,000 $451,190
$600k-1000k 2 $1,510,000 $755,000
$Over $1MM 1 $16,005,000 $16,005,000

Owatonna's loan sizing saw the bucket of loans from $200k-400k with 237 originations, totaling $62,945,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 266 $65,320,000 $245,564
60-80% 112 $40,490,000 $361,518
Under 20% 76 $2,410,000 $31,711
20-40% 44 $3,890,000 $88,409
40-60% 28 $4,360,000 $155,714
Over 100% 3 $755,000 $251,667

Owatonna's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 266 originations, totaling $65,320,000 in origination value.