Owatonna Mortgage Rates

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

30 Year Fixed Rate mortgages in Owatonna averaged 5.82% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.13% and one month ago for the week of 2022-05-26, the average rate was 5.42%.

Owatonna's average rate one year ago was 3.4%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.95%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Owatonna 30 Year Fixed Rate 2022-06-30 5.82%
Owatonna 30 Year Fixed Rate Refi 2022-06-30 5.95%
Owatonna 15 Year Fixed Rate 2022-06-30 4.97%
Owatonna 15 Year Fixed Rate Refi 2022-06-30 4.87%
Owatonna 30 Year FHA 2022-06-30 5.59%
Owatonna 30 Year FHA Refi 2022-06-30 5.33%
Owatonna 30 Year USDA 2022-06-30 5.43%
Owatonna 30 Year USDA Refi 2022-06-30 5.64%
Owatonna 30 Year VA 2022-06-30 5.66%
Owatonna 30 Year VA Refi 2022-06-30 5.25%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
CROSSCOUNTRY MORTGAGE, LLC 71 3.14% $4,556
Plains Commerce Bank 70 3.04% $4,989
Wells Fargo Bank 49 3.28% $2,524
QUICKEN LOANS, LLC 46 3.09% $5,028
Bremer Bank 36 2.99% $4,734
TOWNE MORTGAGE COMPANY 34 2.97% $4,706
U.S. Bank 29 3.14% $2,749
UNITED WHOLESALE MORTGAGE, LLC 22 3.02% $3,413
BAY EQUITY LLC 19 3.09% $3,576
LOANDEPOT.COM, LLC 16 3.23% $5,332
GUARANTEED RATE, INC. 14 3.00% $4,238
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 3.28% $4,433
Roundbank 13 2.76% $4,552
HomeTown Bank 12 3.25% $4,928
PENNYMAC LOAN SERVICES, LLC 10 3.44% $4,370
Barrington Bank & Trust Company, N.A. 10 3.04% $3,350
AFFINITY PLUS 9 3.18% $3,345
Bell Bank 7 3.05% $3,295
Flagstar Bank, FSB 6 3.34% $4,521
NEWREZ LLC 6 3.37% $4,278
AMERISAVE MORTGAGE CORPORATION 5 2.95% $3,843
AMERICAN PORTFOLIO MORTGAGE CORPORATION 5 3.28% $3,560
Citizens Community Federal 4 3.06% $2,781
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.25% $4,077
Merchants Bank 4 2.87% $3,763
Mr. Cooper ( Nationstar Mortgage ) 4 3.19% $6,916
ALTRA 4 3.14% $2,885
COMPEER FINANCIAL, FLCA 4 3.69% $4,448
Prosperity Home Mortgage, LLC 4 3.44% $3,214
IOWA BANKERS MORTGAGE CORPORATION 3 2.75% $3,988
Home Federal Savings Bank 3 3.25% $3,603
Mortgages Unlimited Inc. 3 3.29% $5,790
BROKER SOLUTIONS, INC. 3 3.25% $4,926
Servion, Inc. 3 3.29% $4,095
InterContinental Capital Group, Inc 3 3.12% $3,864
BETTER MORTGAGE CORPORATION 3 2.75% $3,728
Bank of America 2 3.50% $2,802
AMERICAN FINANCING CORPORATION 2 2.94% $2,234
MANN FINANCIAL INC. 2 3.25% $4,719
PLAZA HOME MORTGAGE, INC. 2 3.43% $4,125
Frandsen Bank & Trust 2 3.13% $3,774
AXIA FINANCIAL, LLC 2 3.25% $5,164
FREEDOM MORTGAGE CORPORATION 2 3.31% $807
CALIBER HOME LOANS, INC. 2 3.34% $3,143
GUARANTEED RATE AFFINITY, LLC 2 3.19% $3,748
Cambria Financial Group, LLC 2 2.88% $5,745
Tradition Mortgage, LLC 2 2.94% $2,789
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 2 3.00% $2,863
Lake Area Bank 2 3.19% $7,166
Citizens Bank Minnesota 2 3.00% $3,278
HOME POINT FINANCIAL CORPORATION 2 3.56% $3,302
ZILLOW HOME LOANS, LLC 1 3.25% $3,619
Alerus Financial 1 2.88% $1,649
Alliance Bank 1 3.00% $4,806
AMERICAN FINANCIAL NETWORK, INC. 1 3.38% $8,510
American Mortgage & Equity Consultants, Inc. 1 3.13% $2,251
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.99% $6,261
Arvest Bank 1 3.25% $4,598
Bank Midwest 1 2.75% $4,366
Carrington Mortgage Services, LLC 1 3.38% $3,133
CITIZENS EQUITY FIRST 1 3.38% $3,036
CMG MORTGAGE, INC. 1 3.38% $5,438
COMPASS MORTGAGE, INC. 1 2.88% $3,335
Cornerstone State Bank 1 3.50% $633
CORTRUST MORTGAGE, INC. 1 2.38% $3,713
EVERETT FINANCIAL, INC. 1 3.38% $2,104
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 1 4.50% $3,658
FINANCE OF AMERICA MORTGAGE LLC 1 2.88% $4,847
First Federal Bank 1 3.38% $3,287
First National Bank of America 1 6.75% $7,020
First Savings Bank 1 3.25% $2,046
Gate City Bank 1 2.75% $5,388
GUILD MORTGAGE COMPANY 1 2.88% $2,016
HOMESIDE FINANCIAL, LLC 1 2.88% $4,835
Hometown Lenders, Inc. 1 3.00% $5,841
JPMorgan Chase Bank 1 3.38% $1,676
LAND HOME FINANCIAL SERVICES, INC. 1 2.88% $4,309
LEADERONE FINANCIAL CORPORATION 1 2.75% $3,601
Lend Smart Mortgage, LLC 1 2.75% $8,320
Liberty Bank Minnesota 1 3.38% $2,406
Manufacturers and Traders Trust Company 1 3.50% $2,575
MICHIGAN MUTUAL, INC. 1 3.75% $2,308
MILEND, INC. 1 3.25% $2,441
MORTGAGE ACCESS CORP. 1 2.99% $3,403
Mortgage Research Center, LLC 1 2.50% $1,197
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.63% $3,716
MY Credit Union 1 3.13% $2,972
NATIONS RELIABLE LENDING, LLC 1 2.75% $3,082
NBKC BANK 1 2.88% $2,425
Northwest Bank 1 2.88% $3,283
POLARIS HOME FUNDING CORP. 1 3.38% $8,089
PREMIA MORTGAGE, LLC 1 2.88% $0
PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.88% $2,200
RESULTS MORTGAGE, LLC 1 3.50% $3,156
ROYAL UNITED MORTGAGE LLC 1 3.13% $4,973
STEARNS LENDING, LLC 1 3.38% $2,396
Stifel Bank and Trust 1 3.00% $2,816
Summit Mortgage Corporation 1 2.63% $2,810
Think Mutual Bank 1 3.00% $2,984
WINGS FINANCIAL 1 2.88% $2,926
WNB Financial, N.A. 1 3.25% $5,257
Wyndham Capital Mortgage, Inc. 1 2.88% $1,480

Owatonna, MN's 102 lenders originated 1,598 loans during 2021. The total origination value was $302,520,000, with an average loan value of $189,312.

The top Owatonna lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 71 loans originated. Their average total fees are $4,556, which is $432 lower than the next largest lender, Plains Commerce Bank.

The lowest fee Owatonna lenders (with over 10 loans originated) are Wells Fargo Bank ($2,524), U.S. Bank ($2,749), Barrington Bank & Trust Company, N.A. ($3,350), UNITED WHOLESALE MORTGAGE, LLC ($3,413) and BAY EQUITY LLC ($3,576).

The lowest rate Owatonna lenders (with over 10 loans originated) are Roundbank (2.76%), TOWNE MORTGAGE COMPANY (2.97%), Bremer Bank (2.99%), GUARANTEED RATE, INC. (3.00%) and UNITED WHOLESALE MORTGAGE, LLC (3.02%).

Owatonna, MN Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
CROSSCOUNTRY MORTGAGE, LLC $685,000 $33,910,000 4,850.4% 11.2%
Plains Commerce Bank $27,310,000 $24,005,000 -12.1% 7.9%
QUICKEN LOANS, LLC $17,690,000 $21,035,000 18.9% 7.0%
Wells Fargo Bank $15,275,000 $19,645,000 28.6% 6.5%
U.S. Bank $20,890,000 $19,390,000 -7.2% 6.4%
TOWNE MORTGAGE COMPANY $9,940,000 $15,715,000 58.1% 5.2%
Bremer Bank $18,660,000 $13,185,000 -29.3% 4.4%
UNITED WHOLESALE MORTGAGE, LLC $5,505,000 $9,980,000 81.3% 3.3%
GUARANTEED RATE, INC. $5,205,000 $7,630,000 46.6% 2.5%
FREEDOM MORTGAGE CORPORATION $7,415,000 $7,300,000 -1.6% 2.4%
BAY EQUITY LLC $11,080,000 $6,910,000 -37.6% 2.3%
LOANDEPOT.COM, LLC $3,690,000 $6,700,000 81.6% 2.2%
Royal Credit Union $470,000 $5,655,000 1,103.2% 1.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,165,000 $4,890,000 125.9% 1.6%
Roundbank $7,210,000 $4,285,000 -40.6% 1.4%
PENNYMAC LOAN SERVICES, LLC $1,600,000 $4,100,000 156.3% 1.4%
Community Bank Mankato $1,700,000 $4,085,000 140.3% 1.4%
Barrington Bank & Trust Company, N.A. $4,410,000 $3,645,000 -17.3% 1.2%
Mr. Cooper ( Nationstar Mortgage ) $2,790,000 $3,405,000 22.0% 1.1%
Bell Bank $3,100,000 $3,295,000 6.3% 1.1%
HomeTown Bank $4,475,000 $2,925,000 -34.6% 1.0%
COMPEER FINANCIAL, FLCA $7,000,000 $2,895,000 -58.6% 1.0%
Mortgage Research Center, LLC $1,650,000 $2,670,000 61.8% 0.9%
NEWREZ LLC $560,000 $2,625,000 368.8% 0.9%
The State Bank of Faribault $2,220,000 $2,435,000 9.7% 0.8%
AFFINITY PLUS $1,695,000 $2,390,000 41.0% 0.8%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,395,000 $2,090,000 -12.7% 0.7%
Prosperity Home Mortgage, LLC $2,145,000 $1,990,000 -7.2% 0.7%
AMERISAVE MORTGAGE CORPORATION $1,115,000 $1,970,000 76.7% 0.7%
Home Federal Savings Bank $5,135,000 $1,945,000 -62.1% 0.6%
Merchants Bank $1,320,000 $1,840,000 39.4% 0.6%
CALIBER HOME LOANS, INC. $1,280,000 $1,665,000 30.1% 0.6%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $195,000 $1,615,000 728.2% 0.5%
Flagstar Bank, FSB $1,675,000 $1,610,000 -3.9% 0.5%
Servion, Inc. $1,570,000 $1,590,000 1.3% 0.5%
First Bank & Trust $535,000 $1,575,000 194.4% 0.5%
USAA Federal Savings Bank $1,045,000 $1,500,000 43.5% 0.5%
HOME POINT FINANCIAL CORPORATION $1,840,000 $1,350,000 -26.6% 0.4%
Mortgages Unlimited Inc. $695,000 $1,330,000 91.4% 0.4%
LAKEVIEW LOAN SERVICING, LLC $1,235,000 n/a 0.4%
IOWA BANKERS MORTGAGE CORPORATION $4,605,000 $1,215,000 -73.6% 0.4%
BETTER MORTGAGE CORPORATION $1,130,000 n/a 0.4%
Summit Mortgage Corporation $290,000 $1,120,000 286.2% 0.4%
Think Mutual Bank $2,185,000 $1,115,000 -49.0% 0.4%
Tradition Mortgage, LLC $1,110,000 $1,080,000 -2.7% 0.4%
PLAZA HOME MORTGAGE, INC. $135,000 $1,070,000 692.6% 0.4%
BROKER SOLUTIONS, INC. $900,000 $1,050,000 16.7% 0.3%
Citizens Community Federal $1,985,000 $950,000 -52.1% 0.3%
Carrington Mortgage Services, LLC $580,000 $935,000 61.2% 0.3%
Lake Area Bank $360,000 $885,000 145.8% 0.3%
VILLAGE CAPITAL & INVESTMENT LLC $360,000 $790,000 119.4% 0.3%
Cambria Financial Group, LLC $685,000 $780,000 13.9% 0.3%
LEADERONE FINANCIAL CORPORATION $1,885,000 $780,000 -58.6% 0.3%
InterContinental Capital Group, Inc $665,000 $750,000 12.8% 0.2%
Frandsen Bank & Trust $330,000 $740,000 124.2% 0.2%
RESULTS MORTGAGE, LLC $905,000 $730,000 -19.3% 0.2%
ALTRA $330,000 $710,000 115.2% 0.2%
SOUTHPOINT FINANCIAL $710,000 n/a 0.2%
The Federal Savings Bank $1,030,000 $710,000 -31.1% 0.2%
NEW DAY FINANCIAL, LLC $440,000 $690,000 56.8% 0.2%
Cornerstone State Bank $215,000 $665,000 209.3% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $325,000 $665,000 104.6% 0.2%
Peoples State Bank of Plainview $630,000 n/a 0.2%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $600,000 n/a 0.2%
LAND HOME FINANCIAL SERVICES, INC. $910,000 $595,000 -34.6% 0.2%
AXIA FINANCIAL, LLC $290,000 $560,000 93.1% 0.2%
FINANCE OF AMERICA MORTGAGE LLC $550,000 n/a 0.2%
GUARANTEED RATE AFFINITY, LLC $545,000 n/a 0.2%
JPMorgan Chase Bank $1,060,000 $530,000 -50.0% 0.2%
Citizens Bank Minnesota $205,000 $525,000 156.1% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $645,000 $520,000 -19.4% 0.2%
North American Savings Bank, F.S.B. $560,000 $520,000 -7.1% 0.2%
MEGASTAR FINANCIAL CORP. $215,000 $510,000 137.2% 0.2%
AMERICAN FINANCING CORPORATION $505,000 n/a 0.2%
Woodlands National Bank $480,000 n/a 0.2%
First Guaranty Mortgage Corporation $115,000 $470,000 308.7% 0.2%
Associated Bank $465,000 $455,000 -2.2% 0.2%
First Federal Bank $1,070,000 $455,000 -57.5% 0.2%
Community Resource Bank $540,000 $435,000 -19.4% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $330,000 $400,000 21.2% 0.1%
Bank of America $345,000 $390,000 13.0% 0.1%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $385,000 n/a 0.1%
MANN FINANCIAL INC. $380,000 n/a 0.1%
POLARIS HOME FUNDING CORP. $380,000 n/a 0.1%
Discover Bank $35,000 $370,000 957.1% 0.1%
Lend Smart Mortgage, LLC $320,000 $370,000 15.6% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $320,000 $365,000 14.1% 0.1%
PROVIDENT FUNDING ASSOCIATES, L.P. $360,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $1,230,000 $340,000 -72.4% 0.1%
Alerus Financial $320,000 n/a 0.1%
CORTRUST MORTGAGE, INC. $175,000 $320,000 82.9% 0.1%
Wyndham Capital Mortgage, Inc. $185,000 $315,000 70.3% 0.1%
EVERETT FINANCIAL, INC. $28,785,000 $300,000 -99.0% 0.1%
Hometown Lenders, Inc. $295,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $115,000 $285,000 147.8% 0.1%
CMG MORTGAGE, INC. $195,000 $275,000 41.0% 0.1%
Bank Midwest $145,000 $265,000 82.8% 0.1%
PREMIA MORTGAGE, LLC $255,000 n/a 0.1%
CITIZENS EQUITY FIRST $245,000 n/a 0.1%
Gate City Bank $245,000 n/a 0.1%
WNB Financial, N.A. $245,000 n/a 0.1%
Arvest Bank $235,000 n/a 0.1%
KELLER MORTGAGE, LLC $235,000 n/a 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $235,000 n/a 0.1%
Chicago Mortgage Solutions LLC $225,000 n/a 0.1%
Ixonia Bank $225,000 n/a 0.1%
Bank of England $195,000 $215,000 10.3% 0.1%
Midwest Heritage Bank FSB $500,000 $215,000 -57.0% 0.1%
NATIONS RELIABLE LENDING, LLC $215,000 n/a 0.1%
NBKC BANK $870,000 $215,000 -75.3% 0.1%
Stifel Bank and Trust $215,000 n/a 0.1%
MICHIGAN MUTUAL, INC. $205,000 n/a 0.1%
MILEND, INC. $205,000 n/a 0.1%
Minnesota Valley Federal Credit Union $205,000 n/a 0.1%
MORTGAGE ACCESS CORP. $205,000 n/a 0.1%
WINGS FINANCIAL $95,000 $205,000 115.8% 0.1%
Alliance Bank $115,000 $195,000 69.6% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $195,000 n/a 0.1%
First National Bank of America $185,000 n/a 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $175,000 $185,000 5.7% 0.1%
HOMESIDE FINANCIAL, LLC $460,000 $185,000 -59.8% 0.1%
MY Credit Union $185,000 n/a 0.1%
PNC Bank $185,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $175,000 $175,000 0.0% 0.1%
Magnolia Bank $370,000 $175,000 -52.7% 0.1%
Paramount Residential Mortgage Group, Inc. $725,000 $170,000 -76.6% 0.1%
CENTRAL MINNESOTA Credit Union $165,000 n/a 0.1%
CONTOUR MORTGAGE CORPORATION $165,000 n/a 0.1%
Foresight Bank $165,000 n/a 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $165,000 n/a 0.1%
SUN WEST MORTGAGE COMPANY, INC. $165,000 n/a 0.1%
Watermark Capital, Inc. $165,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $165,000 $155,000 -6.1% 0.1%
Low VA Rates, LLC $155,000 n/a 0.1%
PENTAGON FEDERAL CREDIT UNION $155,000 n/a 0.1%
COMPASS MORTGAGE, INC. $145,000 n/a 0.0%
First Savings Bank $145,000 n/a 0.0%
Goldwater Bank, N.A. $350,000 $145,000 -58.6% 0.0%
HIWAY $25,000 $145,000 480.0% 0.0%
Manufacturers and Traders Trust Company $145,000 n/a 0.0%
GUILD MORTGAGE COMPANY $135,000 n/a 0.0%
Lakeview Community Capital, LLC $135,000 n/a 0.0%
Northwest Bank $135,000 n/a 0.0%
STEARNS LENDING, LLC $135,000 n/a 0.0%
Heritage Bank $165,000 $125,000 -24.2% 0.0%
MAYO EMPLOYEES FEDERAL CREDIT UNION $125,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $115,000 n/a 0.0%
Axos Bank $115,000 n/a 0.0%
Manufacturers Bank & Trust Company $115,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $105,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $135,000 $105,000 -22.2% 0.0%
American Mortgage & Equity Consultants, Inc. $10,925,000 $95,000 -99.1% 0.0%
Liberty Bank Minnesota $290,000 $85,000 -70.7% 0.0%
Colonial Savings, F.A. $115,000 $75,000 -34.8% 0.0%
Figure Lending LLC $70,000 $75,000 7.1% 0.0%
The Huntington National Bank $75,000 n/a 0.0%
21ST MORTGAGE CORPORATION $35,000 $70,000 100.0% 0.0%
Bridgewater Bank $65,000 n/a 0.0%
Fidelity Bank $65,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $25,000 $15,000 -40.0% 0.0%
THRIVENT Federal Credit Union $15,000 n/a 0.0%

Owatonna's top lender by overall market share is CROSSCOUNTRY MORTGAGE, LLC, with 11.2% market share. In second place, with 7.9%, is Plains Commerce Bank, having originated $24,005,000 in loans. In third place, with 7.0%, is QUICKEN LOANS, LLC, having originated $21,035,000 in loans. In third place, with 6.5%, is Wells Fargo Bank, having originated $19,645,000 in loans. In third place, with 6.4%, is U.S. Bank, having originated $19,390,000 in loans.


Owatonna, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 616 $106,720,000 $173,247
Home Purchase 584 $130,060,000 $222,705
Cash Out Refi 341 $61,135,000 $179,282
Other 33 $2,695,000 $81,667
Home Improvement 24 $1,910,000 $79,583

Owatonna's most frequently cited loan purpose was Refi, with 616 originations. The 2nd most popular reason was Home Purchase, with 584 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 630 $126,310,000 $200,492
3-4% 539 $98,505,000 $182,755
<2.5% 330 $56,760,000 $172,000
4-5% 43 $5,135,000 $119,419
5-6% 9 $405,000 $45,000
Over 8% 4 $120,000 $30,000
7-8% 3 $135,000 $45,000
6-7% 2 $220,000 $110,000

During 2021, Owatonna's most frequently originated rate bucket was 2.5-3%, with 630 originations.

Loan Sizing (Owatonna, MN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 811 $122,705,000 $151,301
$200k-400k 531 $137,335,000 $258,635
$100,000 or less 215 $13,415,000 $62,395
$400k-600k 35 $16,115,000 $460,429
$600k-1000k 3 $2,105,000 $701,667
$Over $1MM 3 $10,845,000 $3,615,000

Owatonna's loan sizing saw the bucket of loans from $100k-200k with 811 originations, totaling $122,705,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 596 $116,160,000 $194,899
80-100% 575 $123,285,000 $214,409
40-60% 197 $28,745,000 $145,914
20-40% 72 $6,180,000 $85,833
Under 20% 60 $1,610,000 $26,833
Over 100% 12 $2,390,000 $199,167

Owatonna's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 596 originations, totaling $116,160,000 in origination value.


Market Conditions (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 $204,700 (39.3%) $231,126 (28.2%) 0.00 108
2018-02-01 $192,400 (23.8%) $219,843 (15.3%) 0.00 105
2018-03-01 $214,900 (43.4%) $232,954 (22.2%) 0.00 108
2018-04-01 $220,450 (26.7%) $252,073 (18.4%) 0.00 111
2018-05-01 $215,950 (2.9%) $247,052 (5.2%) 0.00 115
2018-06-01 $214,900 (2.9%) $242,214 (4.6%) 0.00 122
2018-07-01 $201,500 (-3.1%) $240,048 (5.8%) 0.00 123
2018-08-01 $209,950 (4.0%) $242,394 (7.4%) 0.00 130
2018-09-01 $200,000 (-4.8%) $241,470 (3.4%) 0.00 149
2018-10-01 $197,900 (-6.7%) $238,275 (1.7%) 0.00 157
2018-11-01 $197,900 (-1.1%) $221,651 (-1.9%) 0.00 170
2018-12-01 $195,900 (-4.0%) $218,160 (-5.3%) 0.00 159
2019-01-01 $202,450 (-1.1%) $218,551 (-5.4%) 0.00 84
2019-02-01 $207,450 (7.8%) $224,674 (2.2%) 0.00 82
2019-03-01 $209,386 (-2.6%) $230,559 (-1.0%) 0.00 79
2019-04-01 $209,900 (-4.8%) $232,329 (-7.8%) 0.00 90
2019-05-01 $219,900 (1.8%) $238,380 (-3.5%) 0.00 107
2019-06-01 $224,900 (4.7%) $243,598 (0.6%) 0.00 109
2019-07-01 $234,400 (16.3%) $253,413 (5.6%) 0.00 113
2019-08-01 $228,675 (8.9%) $249,743 (3.0%) 0.00 114
2019-09-01 $226,638 (13.3%) $244,469 (1.2%) 0.00 112
2019-10-01 $228,638 (15.5%) $245,518 (3.0%) 0.00 112
2019-11-01 $232,900 (17.7%) $257,128 (16.0%) 0.00 107
2019-12-01 $229,900 (17.4%) $253,649 (16.3%) 0.00 94
2020-01-01 $214,900 (6.2%) $243,148 (11.3%) 0.00 79
2020-02-01 $195,900 (-5.6%) $238,525 (6.2%) 0.00 68
2020-03-01 $199,200 (-4.9%) $240,218 (4.2%) 0.00 67
2020-04-01 $214,950 (2.4%) $254,702 (9.6%) 0.00 59
2020-05-01 $239,900 (9.1%) $252,837 (6.1%) 0.00 78
2020-06-01 $251,950 (12.0%) $261,887 (7.5%) 0.00 77
2020-07-01 $247,200 (5.5%) $262,926 (3.8%) 0.00 57
2020-08-01 $249,900 (9.3%) $263,353 (5.5%) 0.00 65
2020-09-01 $239,900 (5.9%) $261,861 (7.1%) 0.00 63
2020-10-01 $221,500 (-3.1%) $260,619 (6.2%) 0.00 50
2020-11-01 $205,450 (-11.8%) $250,042 (-2.8%) 0.00 50
2020-12-01 $198,500 (-13.7%) $236,062 (-6.9%) 0.00 35
2021-01-01 $199,500 (-7.2%) $228,351 (-6.1%) 0.00 30
2021-02-01 $197,450 (0.8%) $222,165 (-6.9%) 0.00 29
2021-03-01 $219,900 (10.4%) $257,091 (7.0%) 0.00 32
2021-04-01 $247,400 (15.1%) $269,662 (5.9%) 0.00 35
2021-05-01 $224,900 (-6.3%) $265,520 (5.0%) 0.00 31
2021-06-01 $249,900 (-0.8%) $278,883 (6.5%) 0.00 30
2021-07-01 $239,900 (-3.0%) $266,652 (1.4%) 0.00 43
2021-08-01 $241,750 (-3.3%) $257,131 (-2.4%) 0.00 42
2021-09-01 $232,450 (-3.1%) $252,956 (-3.4%) 0.00 62
2021-10-01 $219,900 (-0.7%) $236,187 (-9.4%) 0.00 54
2021-11-01 $234,900 (14.3%) $248,628 (-0.6%) 0.00 54
2021-12-01 $229,950 (15.8%) $256,279 (8.6%) 0.00 46
2022-01-01 $229,900 (15.2%) $260,294 (14.0%) 0.00 40
2022-02-01 $250,400 (26.8%) $251,309 (13.1%) 0.00 24
2022-03-01 $222,450 (1.2%) $252,099 (-1.9%) 0.00 22
2022-04-01 $274,900 (11.1%) $259,403 (-3.8%) 0.00 26
2022-05-01 $274,950 (22.3%) $295,906 (11.4%) 0.00 35
2022-06-01 $259,000 (3.6%) $281,304 (0.9%) 0.00 45
Owatonna's median listing price for 2022-06-01 was $259,000, a difference of $9,100 (3.6%) versus the prior year and $-15,950 versus the prior month.

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

Owatonna's average listing price for 2022-06-01 was $281,304, a difference of $2,421 (0.9%) versus the prior year and $-14,602 versus the prior month.

For the 2022-06-01 period, Owatonna had 45 MLS listings, a difference of 10 listings (29%) versus the prior month and 15 listings (50%) 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 2,413 sqft
2018-02-01 0 days 2,304 sqft
2018-03-01 0 days 2,264 sqft
2018-04-01 0 days 2,283 sqft
2018-05-01 0 days 2,288 sqft
2018-06-01 0 days 2,326 sqft
2018-07-01 0 days 2,264 sqft
2018-08-01 0 days 2,249 sqft
2018-09-01 0 days 2,276 sqft
2018-10-01 0 days 2,250 sqft
2018-11-01 0 days 2,222 sqft
2018-12-01 0 days 2,114 sqft
2019-01-01 0 days 1,862 sqft
2019-02-01 0 days 1,924 sqft
2019-03-01 0 days 1,892 sqft
2019-04-01 0 days 1,888 sqft
2019-05-01 0 days 1,948 sqft
2019-06-01 0 days 1,980 sqft
2019-07-01 0 days 1,980 sqft
2019-08-01 0 days 1,967 sqft
2019-09-01 0 days 1,927 sqft
2019-10-01 0 days 1,964 sqft
2019-11-01 0 days 2,072 sqft
2019-12-01 0 days 2,019 sqft
2020-01-01 0 days 1,993 sqft
2020-02-01 0 days 1,768 sqft
2020-03-01 0 days 1,819 sqft
2020-04-01 0 days 1,989 sqft
2020-05-01 0 days 1,890 sqft
2020-06-01 0 days 2,090 sqft
2020-07-01 0 days 2,116 sqft
2020-08-01 0 days 2,126 sqft
2020-09-01 0 days 2,103 sqft
2020-10-01 0 days 1,812 sqft
2020-11-01 0 days 1,795 sqft
2020-12-01 0 days 1,758 sqft
2021-01-01 0 days 1,710 sqft
2021-02-01 0 days 1,800 sqft
2021-03-01 0 days 1,872 sqft
2021-04-01 0 days 1,892 sqft
2021-05-01 0 days 1,872 sqft
2021-06-01 0 days 1,840 sqft
2021-07-01 0 days 1,863 sqft
2021-08-01 0 days 1,888 sqft
2021-09-01 0 days 1,939 sqft
2021-10-01 0 days 1,813 sqft
2021-11-01 0 days 1,852 sqft
2021-12-01 0 days 1,820 sqft
2022-01-01 0 days 1,816 sqft
2022-02-01 0 days 2,031 sqft
2022-03-01 0 days 2,086 sqft
2022-04-01 0 days 2,500 sqft
2022-05-01 0 days 1,968 sqft
2022-06-01 0 days 1,890 sqft
Owatonna's median listing age (time on market) for 2022-06-01 was 0 days.

Owatonna's median square footage for active listings during the 2022-06-01 period was 1,890 sqft. One year prior, the average listing was 1,840 sqft.