ROCHESTER Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Rochester averaged
6.62%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
6.77% and
one month ago for the week of 2025-04-17, the
average rate was 6.59%.
Rochester's average rate one year ago was 6.78%.
For refis of the same type during the week of 2025-05-22, the average rate
was 7.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Rochester 30 Year Fixed Rate | 2025-05-22 | 6.62% |
| Rochester 30 Year Fixed Rate Refi | 2025-05-22 | 7.29% |
| Rochester 15 Year Fixed Rate | 2025-05-22 | 6.15% |
| Rochester 15 Year Fixed Rate Refi | 2025-05-22 | 6.41% |
| Rochester 30 Year FHA | 2025-05-22 | 6.96% |
| Rochester 30 Year FHA Refi | 2025-05-22 | 6.81% |
| Rochester 30 Year USDA | 2025-05-22 | 6.53% |
| Rochester 30 Year USDA Refi | 2025-05-22 | 6.23% |
| Rochester 30 Year VA | 2025-05-22 | 6.51% |
| Rochester 30 Year VA Refi | 2025-05-22 | 6.32% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within ROCHESTER, MN.
ROCHESTER 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 ROCHESTER, 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.).
ROCHESTER Average Closing Costs & Other Stats
ROCHESTER, MN's 136 lenders originated 4,609
loans during 2024. The total origination value was $1,127,145,000, with an average loan value of
$244,553.
ROCHESTER's average closing costs are $4,770.
The top ROCHESTER lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
225 loans originated. Their average total fees are
$6,793, which is $2,380
higher than the next largest lender,
Think Mutual Bank.
The lowest fee ROCHESTER lenders (with over 10 loans originated) are
Think Mutual Bank ($4,413), Servion, Inc. ($4,421), Minnwest Bank ($4,437), Associated Bank ($4,458) and Barrington Bank & Trust Company, N.A. ($4,577).
The lowest rate ROCHESTER lenders (with over 10 loans originated) are
Minnwest Bank (6.23%), Merchants Bank (6.39%), First Federal Bank (6.40%), AFFINITY PLUS (6.41%) and MAYO EMPLOYEES FEDERAL CREDIT UNION (6.41%).
ROCHESTER, 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 |
|---|---|---|---|---|
| Think Mutual Bank | $93,130,000 | $106,605,000 | 14.5% | 9.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $91,335,000 | $102,400,000 | 12.1% | 9.1% |
| Alerus Financial | $975,000 | $63,225,000 | 6,384.6% | 5.6% |
| Bremer Bank | $32,590,000 | $55,740,000 | 71.0% | 4.9% |
| Bell Bank | $90,125,000 | $51,630,000 | -42.7% | 4.6% |
| Merchants Bank | $32,875,000 | $41,555,000 | 26.4% | 3.7% |
| MAYO EMPLOYEES FEDERAL CREDIT UNION | $31,405,000 | $38,770,000 | 23.5% | 3.4% |
| U.S. Bank | $32,860,000 | $37,460,000 | 14.0% | 3.3% |
| ALTRA | $39,740,000 | $35,770,000 | -10.0% | 3.2% |
| QUICKEN LOANS, LLC | $21,500,000 | $32,765,000 | 52.4% | 2.9% |
| Foresight Bank | $28,320,000 | $29,360,000 | 3.7% | 2.6% |
| GUARANTEED RATE, INC. | $29,885,000 | $27,390,000 | -8.3% | 2.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $16,690,000 | $24,145,000 | 44.7% | 2.1% |
| First Federal Bank | $19,285,000 | $21,980,000 | 14.0% | 2.0% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $18,725,000 | n/a | 1.7% | |
| LOANDEPOT.COM, LLC | $16,735,000 | $18,235,000 | 9.0% | 1.6% |
| GUARANTEED RATE AFFINITY, LLC | $15,175,000 | $17,890,000 | 17.9% | 1.6% |
| Prosperity Home Mortgage, LLC | $18,890,000 | $16,790,000 | -11.1% | 1.5% |
| Peoples State Bank of Plainview | $17,205,000 | $16,065,000 | -6.6% | 1.4% |
| Associated Bank | $15,380,000 | $15,610,000 | 1.5% | 1.4% |
| COLLIERS MORTGAGE LLC | $13,135,000 | n/a | 1.2% | |
| AFFINITY PLUS | $11,940,000 | $12,855,000 | 7.7% | 1.1% |
| First Alliance Credit Union | $10,460,000 | $12,560,000 | 20.1% | 1.1% |
| Servion, Inc. | $6,135,000 | $11,885,000 | 93.7% | 1.1% |
| COMPEER FINANCIAL, FLCA | $7,535,000 | $10,605,000 | 40.7% | 0.9% |
| Wells Fargo Bank | $13,095,000 | $9,940,000 | -24.1% | 0.9% |
| Sunrise Banks | $420,000 | $8,915,000 | 2,022.6% | 0.8% |
| Plains Commerce Bank | $1,725,000 | $8,700,000 | 404.3% | 0.8% |
| Frandsen Bank & Trust | $11,990,000 | $8,330,000 | -30.5% | 0.7% |
| F & M Community Bank | $18,445,000 | $7,820,000 | -57.6% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $7,485,000 | $7,630,000 | 1.9% | 0.7% |
| BAY EQUITY LLC | $4,025,000 | $7,510,000 | 86.6% | 0.7% |
| BROKER SOLUTIONS, INC. | $2,610,000 | $7,430,000 | 184.7% | 0.7% |
| Barrington Bank & Trust Company, N.A. | $5,055,000 | $6,400,000 | 26.6% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $5,875,000 | $6,280,000 | 6.9% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $3,160,000 | $6,025,000 | 90.7% | 0.5% |
| Royal Credit Union | $1,925,000 | $5,990,000 | 211.2% | 0.5% |
| Coulee Bank | $4,000,000 | $5,880,000 | 47.0% | 0.5% |
| NEWREZ LLC | $3,170,000 | $5,810,000 | 83.3% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $4,205,000 | $5,705,000 | 35.7% | 0.5% |
| JPMorgan Chase Bank | $1,975,000 | $5,380,000 | 172.4% | 0.5% |
| Minnwest Bank | $5,605,000 | $5,375,000 | -4.1% | 0.5% |
| Mortgage Research Center, LLC | $6,350,000 | $5,190,000 | -18.3% | 0.5% |
| Manufacturers Bank & Trust Company | $3,700,000 | $5,130,000 | 38.6% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $4,840,000 | $4,975,000 | 2.8% | 0.4% |
| Sterling State Bank | $8,430,000 | $4,685,000 | -44.4% | 0.4% |
| The Huntington National Bank | $2,130,000 | $4,075,000 | 91.3% | 0.4% |
| WNB Financial, N.A. | $2,365,000 | $3,790,000 | 60.3% | 0.3% |
| American Mortgage & Equity Consultants, Inc. | $1,570,000 | $3,745,000 | 138.5% | 0.3% |
| MARINE | $2,540,000 | $3,480,000 | 37.0% | 0.3% |
| WINGS FINANCIAL | $3,595,000 | $3,150,000 | -12.4% | 0.3% |
| ONB Bank | $17,650,000 | $2,830,000 | -84.0% | 0.3% |
| Cambria Financial Group, LLC | $1,680,000 | $2,725,000 | 62.2% | 0.2% |
| Baxter Credit Union | $2,455,000 | n/a | 0.2% | |
| BMO Harris Bank | $2,065,000 | $2,225,000 | 7.7% | 0.2% |
| JMAC LENDING, INC. | $2,200,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $1,490,000 | $2,080,000 | 39.6% | 0.2% |
| Bridgewater Bank | $185,000 | $2,055,000 | 1,010.8% | 0.2% |
| NexBank | $695,000 | $2,035,000 | 192.8% | 0.2% |
| SPIRE Credit Union | $695,000 | $2,025,000 | 191.4% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $395,000 | $1,970,000 | 398.7% | 0.2% |
| Park State Bank | $1,940,000 | n/a | 0.2% | |
| Mr. Cooper ( Nationstar Mortgage ) | $1,735,000 | $1,920,000 | 10.7% | 0.2% |
| UNION HOME MORTGAGE CORP. | $1,860,000 | n/a | 0.2% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $2,045,000 | $1,835,000 | -10.3% | 0.2% |
| Citizens Bank | $1,860,000 | $1,715,000 | -7.8% | 0.2% |
| VERIDIAN CREDIT UNION | $495,000 | $1,715,000 | 246.5% | 0.2% |
| Morgan Stanley Private Bank | $1,675,000 | $1,710,000 | 2.1% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $4,585,000 | $1,640,000 | -64.2% | 0.1% |
| Discover Bank | $1,175,000 | $1,635,000 | 39.1% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $660,000 | $1,605,000 | 143.2% | 0.1% |
| UIF CORPORATION | $915,000 | $1,525,000 | 66.7% | 0.1% |
| Alliance Bank | $1,565,000 | $1,490,000 | -4.8% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $750,000 | $1,490,000 | 98.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $175,000 | $1,475,000 | 742.9% | 0.1% |
| Granite Community Bank | $1,430,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $335,000 | $1,375,000 | 310.4% | 0.1% |
| EVERETT FINANCIAL, INC. | $1,390,000 | $1,375,000 | -1.1% | 0.1% |
| Eitzen State Bank | $505,000 | $1,225,000 | 142.6% | 0.1% |
| Equity Prime Mortgage LLC | $1,205,000 | n/a | 0.1% | |
| Bank of America | $1,300,000 | $1,200,000 | -7.7% | 0.1% |
| NBKC BANK | $1,805,000 | $1,190,000 | -34.1% | 0.1% |
| TOPLINE FEDERAL CREDIT UNION | $1,165,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $535,000 | $1,150,000 | 115.0% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $350,000 | $1,130,000 | 222.9% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $450,000 | $1,130,000 | 151.1% | 0.1% |
| Summit Mortgage Corporation | $1,685,000 | $1,120,000 | -33.5% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $845,000 | $1,070,000 | 26.6% | 0.1% |
| Tradition Mortgage, LLC | $1,695,000 | $1,035,000 | -38.9% | 0.1% |
| Nations Lending Corporation | $700,000 | $985,000 | 40.7% | 0.1% |
| Platinum Bank | $945,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $795,000 | $925,000 | 16.4% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $350,000 | $910,000 | 160.0% | 0.1% |
| Dollar Bank, Federal Savings Bank | $905,000 | n/a | 0.1% | |
| Midwest Heritage Bank FSB | $900,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $235,000 | $860,000 | 266.0% | 0.1% |
| Security Bank & Trust Company | $860,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $595,000 | $850,000 | 42.9% | 0.1% |
| CARDINAL FINANCIAL | $1,890,000 | $840,000 | -55.6% | 0.1% |
| Carrington Mortgage Services, LLC | $830,000 | $815,000 | -1.8% | 0.1% |
| IOWA BANKERS MORTGAGE CORPORATION | $510,000 | $765,000 | 50.0% | 0.1% |
| Hiawatha National Bank | $755,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $780,000 | $735,000 | -5.8% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $720,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $1,455,000 | $715,000 | -50.9% | 0.1% |
| Flagstar Bank, FSB | $595,000 | $695,000 | 16.8% | 0.1% |
| State Bank Financial | $445,000 | $675,000 | 51.7% | 0.1% |
| Connexus Credit Union | $660,000 | n/a | 0.1% | |
| OCMBC, INC. | $655,000 | n/a | 0.1% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $655,000 | n/a | 0.1% | |
| TOWNE MORTGAGE COMPANY | $520,000 | $655,000 | 26.0% | 0.1% |
| Ixonia Bank | $650,000 | n/a | 0.1% | |
| MEMBER FIRST MORTGAGE, LLC | $650,000 | n/a | 0.1% | |
| Leader Bank | $645,000 | n/a | 0.1% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $645,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $790,000 | $640,000 | -19.0% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $635,000 | n/a | 0.1% | |
| Meridian Bank Corporation | $635,000 | n/a | 0.1% | |
| River Bank | $615,000 | n/a | 0.1% | |
| BLACK HILLS FEDERAL CREDIT UNION | $610,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $1,000,000 | $610,000 | -39.0% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $145,000 | $580,000 | 300.0% | 0.1% |
| Home Mortgage Alliance Corp | $570,000 | n/a | 0.1% | |
| Old National Bank | $640,000 | $555,000 | -13.3% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $195,000 | $550,000 | 182.1% | 0.0% |
| First International Bank & Trust | $535,000 | n/a | 0.0% | |
| Sunflower Bank | $530,000 | n/a | 0.0% | |
| First Independence Bank | $525,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $570,000 | $525,000 | -7.9% | 0.0% |
| PREMIA MORTGAGE, LLC | $845,000 | $520,000 | -38.5% | 0.0% |
| GUILD MORTGAGE COMPANY | $375,000 | $510,000 | 36.0% | 0.0% |
| DELMAR FINANCIAL COMPANY | $495,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $1,080,000 | $490,000 | -54.6% | 0.0% |
| MORTGAGEONE, INC. | $485,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $925,000 | $480,000 | -48.1% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $285,000 | $480,000 | 68.4% | 0.0% |
| ZILLOW HOME LOANS, LLC | $1,005,000 | $480,000 | -52.2% | 0.0% |
| Armed Forces Bank | $475,000 | n/a | 0.0% | |
| Pioneer Bank | $235,000 | $465,000 | 97.9% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $255,000 | $445,000 | 74.5% | 0.0% |
| The Miners National Bank of Eveleth | $435,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $425,000 | n/a | 0.0% | |
| First National Bank of Omaha | $365,000 | $415,000 | 13.7% | 0.0% |
| Loan Simple, Inc. | $415,000 | n/a | 0.0% | |
| Johnson Bank | $85,000 | $405,000 | 376.5% | 0.0% |
| Lincoln Savings Bank | $405,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $410,000 | $400,000 | -2.4% | 0.0% |
| The Loan Store, Inc. | $345,000 | $400,000 | 15.9% | 0.0% |
| Deerwood Bank | $685,000 | $395,000 | -42.3% | 0.0% |
| Figure Lending LLC | $390,000 | $380,000 | -2.6% | 0.0% |
| Ally Bank | $870,000 | $370,000 | -57.5% | 0.0% |
| MidFirst Bank | $365,000 | n/a | 0.0% | |
| The Peoples Community Bank | $365,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $355,000 | n/a | 0.0% | |
| First Bank | $355,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $1,275,000 | $355,000 | -72.2% | 0.0% |
| Coastal Community Bank | $425,000 | $350,000 | -17.6% | 0.0% |
| Community Bank Mankato | $235,000 | $345,000 | 46.8% | 0.0% |
| Dacotah Bank | $345,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $395,000 | $345,000 | -12.7% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $340,000 | n/a | 0.0% | |
| University of Wisconsin Credit Union | $190,000 | $340,000 | 78.9% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,210,000 | $335,000 | -72.3% | 0.0% |
| Renasant Bank | $335,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $105,000 | $325,000 | 209.5% | 0.0% |
| NBH Bank | $325,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $315,000 | n/a | 0.0% | |
| Vermillion State Bank | $315,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $305,000 | n/a | 0.0% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $125,000 | $295,000 | 136.0% | 0.0% |
| ADVANCIAL | $285,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $285,000 | n/a | 0.0% | |
| DUPACO COMMUNITY | $505,000 | $285,000 | -43.6% | 0.0% |
| Waterstone Mortgage Corporation | $285,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $280,000 | n/a | 0.0% | |
| PNC Bank | $715,000 | $280,000 | -60.8% | 0.0% |
| Liberty Bank Minnesota | $275,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $420,000 | $275,000 | -34.5% | 0.0% |
| PremierBank | $275,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $220,000 | $270,000 | 22.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $265,000 | n/a | 0.0% | |
| FOX COMMUNITIES | $265,000 | n/a | 0.0% | |
| First National Bank | $260,000 | n/a | 0.0% | |
| Academy Bank | $405,000 | $255,000 | -37.0% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $300,000 | $255,000 | -15.0% | 0.0% |
| IDEAL | $250,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $430,000 | $245,000 | -43.0% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $195,000 | $245,000 | 25.6% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $55,000 | $230,000 | 318.2% | 0.0% |
| Bethpage Federal Credit Union | $220,000 | $225,000 | 2.3% | 0.0% |
| Citizens Community Federal | $225,000 | n/a | 0.0% | |
| The Federal Savings Bank | $670,000 | $225,000 | -66.4% | 0.0% |
| BankVista | $155,000 | $215,000 | 38.7% | 0.0% |
| Heritage Bank | $315,000 | $215,000 | -31.7% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $215,000 | n/a | 0.0% | |
| AMERICAN FINANCE HOUSE LARIBA | $205,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $195,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $2,515,000 | $185,000 | -92.6% | 0.0% |
| First Western Bank & Trust | $185,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $165,000 | $185,000 | 12.1% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $235,000 | $175,000 | -25.5% | 0.0% |
| EMM LOANS LLC | $390,000 | $165,000 | -57.7% | 0.0% |
| Forward Bank | $165,000 | n/a | 0.0% | |
| BankIowa of Cedar Rapids | $155,000 | n/a | 0.0% | |
| GMFS LLC | $155,000 | n/a | 0.0% | |
| Nicolet National Bank | $155,000 | n/a | 0.0% | |
| CEDAR FALLS COMMUNITY CREDIT UNION | $145,000 | n/a | 0.0% | |
| Highland Bank | $145,000 | n/a | 0.0% | |
| Profinium Inc. | $225,000 | $145,000 | -35.6% | 0.0% |
| PyraMax Bank, FSB | $135,000 | n/a | 0.0% | |
| The State Bank of Faribault | $135,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $700,000 | $125,000 | -82.1% | 0.0% |
| Cornerstone State Bank | $125,000 | n/a | 0.0% | |
| CorTrust Bank | $125,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $610,000 | $125,000 | -79.5% | 0.0% |
| Jonah Bank of Wyoming | $125,000 | n/a | 0.0% | |
| Northwest Bank | $125,000 | n/a | 0.0% | |
| TruHome Solutions, LLC | $125,000 | n/a | 0.0% | |
| Summit Credit Union | $315,000 | $115,000 | -63.5% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $105,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $105,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL | $105,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $75,000 | n/a | 0.0% | |
| North Shore Federal Credit Union | $75,000 | n/a | 0.0% | |
| The Bank of Elk River | $75,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $155,000 | $70,000 | -54.8% | 0.0% |
| SPRING EQ, LLC | $70,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $420,000 | $65,000 | -84.5% | 0.0% |
| LOANPAL, LLC | $225,000 | $65,000 | -71.1% | 0.0% |
| 21ST MORTGAGE CORPORATION | $70,000 | $45,000 | -35.7% | 0.0% |
| Signature Federal Credit Union | $15,000 | $45,000 | 200.0% | 0.0% |
| First American Bank | $55,000 | $35,000 | -36.4% | 0.0% |
| STAR USA FEDERAL CREDIT UNION | $35,000 | n/a | 0.0% | |
| The First National Bank of Le Center | $25,000 | n/a | 0.0% |
ROCHESTER's top lender by overall market share is Think Mutual Bank, with 9.5% market share. In second place, with 9.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $102,400,000 in loans. In third place, with 5.6%, is Alerus Financial, having originated $63,225,000 in loans. In fourth place, with 4.9%, is Bremer Bank, having originated $55,740,000 in loans. In fifth place, with 4.6%, is Bell Bank, having originated $51,630,000 in loans.
ROCHESTER Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - ROCHESTER (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 | $294,875 (21.0%) | $330,136 (12.7%) | 1.09 | 495 |
| 2018-02-01 | $299,700 (21.1%) | $341,746 (16.2%) | 1.09 | 489 |
| 2018-03-01 | $319,900 (27.4%) | $360,613 (19.8%) | 1.12 | 551 |
| 2018-04-01 | $315,925 (12.9%) | $363,578 (15.4%) | 1.07 | 581 |
| 2018-05-01 | $307,950 (12.0%) | $359,415 (11.8%) | 1.03 | 604 |
| 2018-06-01 | $299,900 (9.7%) | $354,093 (10.0%) | 1.00 | 641 |
| 2018-07-01 | $296,100 (8.5%) | $348,041 (9.3%) | 0.99 | 722 |
| 2018-08-01 | $283,675 (3.2%) | $334,360 (6.1%) | 0.95 | 739 |
| 2018-09-01 | $279,900 (7.7%) | $329,024 (7.5%) | 0.94 | 781 |
| 2018-10-01 | $274,950 (2.8%) | $322,233 (3.2%) | 0.93 | 779 |
| 2018-11-01 | $274,900 (-1.3%) | $324,856 (3.9%) | 0.93 | 730 |
| 2018-12-01 | $295,900 (5.7%) | $341,095 (7.6%) | 1.02 | 637 |
| 2019-01-01 | $307,950 (4.4%) | $353,641 (7.1%) | 1.06 | 490 |
| 2019-02-01 | $303,225 (1.2%) | $355,561 (4.0%) | 1.02 | 378 |
| 2019-03-01 | $313,329 (-2.1%) | $358,144 (-0.7%) | 1.02 | 504 |
| 2019-04-01 | $319,900 (1.3%) | $365,430 (0.5%) | 1.02 | 655 |
| 2019-05-01 | $319,050 (3.6%) | $360,446 (0.3%) | 1.00 | 698 |
| 2019-06-01 | $309,900 (3.3%) | $359,377 (1.5%) | 0.97 | 708 |
| 2019-07-01 | $308,425 (4.2%) | $359,447 (3.3%) | 0.97 | 743 |
| 2019-08-01 | $307,173 (8.3%) | $357,935 (7.1%) | 0.97 | 751 |
| 2019-09-01 | $303,082 (8.3%) | $354,837 (7.9%) | 0.97 | 764 |
| 2019-10-01 | $297,950 (8.4%) | $351,122 (9.0%) | 0.96 | 766 |
| 2019-11-01 | $294,900 (7.3%) | $348,686 (7.3%) | 0.97 | 724 |
| 2019-12-01 | $298,700 (1.0%) | $355,828 (4.3%) | 1.00 | 600 |
| 2020-01-01 | $309,175 (0.4%) | $356,717 (0.9%) | 1.03 | 525 |
| 2020-02-01 | $319,950 (5.5%) | $373,241 (5.0%) | 1.05 | 474 |
| 2020-03-01 | $317,450 (1.3%) | $374,902 (4.7%) | 1.00 | 506 |
| 2020-04-01 | $319,950 (0.0%) | $370,116 (1.3%) | 1.00 | 552 |
| 2020-05-01 | $321,250 (0.7%) | $378,297 (5.0%) | 0.98 | 561 |
| 2020-06-01 | $328,725 (6.1%) | $389,683 (8.4%) | 0.97 | 535 |
| 2020-07-01 | $329,900 (7.0%) | $399,982 (11.3%) | 0.96 | 484 |
| 2020-08-01 | $320,000 (4.2%) | $394,674 (10.3%) | 0.92 | 479 |
| 2020-09-01 | $309,200 (2.0%) | $389,076 (9.7%) | 0.89 | 451 |
| 2020-10-01 | $297,500 (-0.2%) | $377,379 (7.5%) | 0.85 | 448 |
| 2020-11-01 | $286,150 (-3.0%) | $385,831 (10.7%) | 0.84 | 361 |
| 2020-12-01 | $291,200 (-2.5%) | $391,545 (10.0%) | 0.87 | 290 |
| 2021-01-01 | $302,400 (-2.2%) | $404,364 (13.4%) | 0.90 | 242 |
| 2021-02-01 | $316,400 (-1.1%) | $409,997 (9.9%) | 0.92 | 242 |
| 2021-03-01 | $327,325 (3.1%) | $410,978 (9.6%) | 0.93 | 260 |
| 2021-04-01 | $331,225 (3.5%) | $411,401 (11.2%) | 0.90 | 239 |
| 2021-05-01 | $338,500 (5.4%) | $416,322 (10.1%) | 0.90 | 223 |
| 2021-06-01 | $338,225 (2.9%) | $410,133 (5.3%) | 0.89 | 253 |
| 2021-07-01 | $336,500 (2.0%) | $419,891 (5.0%) | 0.89 | 324 |
| 2021-08-01 | $319,900 (0.0%) | $417,635 (5.8%) | 0.85 | 364 |
| 2021-09-01 | $327,000 (5.8%) | $410,142 (5.4%) | 0.87 | 401 |
| 2021-10-01 | $336,500 (13.1%) | $414,957 (10.0%) | 0.90 | 423 |
| 2021-11-01 | $343,950 (20.2%) | $426,060 (10.4%) | 0.92 | 375 |
| 2021-12-01 | $349,900 (20.2%) | $439,082 (12.1%) | 0.95 | 303 |
| 2022-01-01 | $355,000 (17.4%) | $441,460 (9.2%) | 0.96 | 242 |
| 2022-02-01 | $377,425 (19.3%) | $473,697 (15.5%) | 0.98 | 205 |
| 2022-03-01 | $379,950 (16.1%) | $472,084 (14.9%) | 0.95 | 226 |
| 2022-04-01 | $389,900 (17.7%) | $465,439 (13.1%) | 0.93 | 258 |
| 2022-05-01 | $394,700 (16.6%) | $479,290 (15.1%) | 0.90 | 296 |
| 2022-06-01 | $379,900 (12.3%) | $468,952 (14.3%) | 0.85 | 336 |
| 2022-07-01 | $365,000 (8.5%) | $454,720 (8.3%) | 0.82 | 397 |
| 2022-08-01 | $382,400 (19.5%) | $463,338 (10.9%) | 0.88 | 416 |
| 2022-09-01 | $372,500 (13.9%) | $464,522 (13.3%) | 0.87 | 432 |
| 2022-10-01 | $384,900 (14.4%) | $459,347 (10.7%) | 0.91 | 464 |
| 2022-11-01 | $385,975 (12.2%) | $454,688 (6.7%) | 0.93 | 430 |
| 2022-12-01 | $384,450 (9.9%) | $451,446 (2.8%) | 0.95 | 359 |
| 2023-01-01 | $396,150 (11.6%) | $458,800 (3.9%) | 0.98 | 303 |
| 2023-02-01 | $414,950 (9.9%) | $488,187 (3.1%) | 1.00 | 273 |
| 2023-03-01 | $414,171 (9.0%) | $498,326 (5.6%) | 0.98 | 308 |
| 2023-04-01 | $414,900 (6.4%) | $500,582 (7.6%) | 0.96 | 338 |
| 2023-05-01 | $418,921 (6.1%) | $512,997 (7.0%) | 0.95 | 347 |
| 2023-06-01 | $419,146 (10.3%) | $510,071 (8.8%) | 0.94 | 364 |
| 2023-07-01 | $410,000 (12.3%) | $501,082 (10.2%) | 0.93 | 368 |
| 2023-08-01 | $399,950 (4.6%) | $486,658 (5.0%) | 0.92 | 442 |
| 2023-09-01 | $385,000 (3.4%) | $465,387 (0.2%) | 0.90 | 467 |
| 2023-10-01 | $385,000 (0.0%) | $462,102 (0.6%) | 0.91 | 504 |
| 2023-11-01 | $380,925 (-1.3%) | $470,118 (3.4%) | 0.91 | 489 |
| 2023-12-01 | $379,900 (-1.2%) | $475,143 (5.3%) | 0.93 | 432 |
| 2024-01-01 | $406,222 (2.5%) | $519,674 (13.3%) | 0.99 | 345 |
| 2024-02-01 | $399,950 (-3.6%) | $537,591 (10.1%) | 0.96 | 316 |
| 2024-03-01 | $419,900 (1.4%) | $538,943 (8.2%) | 0.99 | 347 |
| 2024-04-01 | $431,550 (4.0%) | $550,824 (10.0%) | 1.00 | 381 |
| 2024-05-01 | $427,875 (2.1%) | $543,642 (6.0%) | 0.97 | 433 |
| 2024-06-01 | $405,000 (-3.4%) | $523,849 (2.7%) | 0.92 | 472 |
| 2024-07-01 | $417,000 (1.7%) | $534,631 (6.7%) | 0.95 | 520 |
| 2024-08-01 | $419,900 (5.0%) | $542,970 (11.6%) | 0.98 | 518 |
| 2024-09-01 | $404,950 (5.2%) | $538,516 (15.7%) | 0.95 | 554 |
| 2024-10-01 | $420,000 (9.1%) | $538,509 (16.5%) | 0.99 | 560 |
| 2024-11-01 | $429,000 (12.6%) | $535,298 (13.9%) | 1.03 | 535 |
| 2024-12-01 | $417,400 (9.9%) | $544,184 (14.5%) | 1.04 | 445 |
| 2025-01-01 | $420,725 (3.6%) | $549,411 (5.7%) | 1.05 | 386 |
| 2025-02-01 | $438,450 (9.6%) | $578,948 (7.7%) | 1.06 | 375 |
| 2025-03-01 | $430,000 (2.4%) | $560,021 (3.9%) | 1.01 | 436 |
| 2025-04-01 | $448,150 (3.9%) | $574,169 (4.2%) | 1.04 | 495 |
ROCHESTER's median listing price for 2025-04-01 was $448,150, a difference of
$16,600
(3.9%) versus the prior year and
$18,150 versus the prior month.
ROCHESTER's median listing price comes in at 104% of the national average.
ROCHESTER's average listing price for 2025-04-01 was $574,169, a difference of $23,345 (4.2%) versus the prior year and $14,148 versus the prior month.
For the 2025-04-01 period, ROCHESTER had 495 MLS listings, a difference of 59 listings (14%) versus the prior month and 114 listings (30%) versus the prior year.
ROCHESTER's median listing price comes in at 104% of the national average.
ROCHESTER's average listing price for 2025-04-01 was $574,169, a difference of $23,345 (4.2%) versus the prior year and $14,148 versus the prior month.
For the 2025-04-01 period, ROCHESTER had 495 MLS listings, a difference of 59 listings (14%) versus the prior month and 114 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - ROCHESTER (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 88 days | 2,570 sqft |
| 2018-02-01 | 89 days | 2,605 sqft |
| 2018-03-01 | 48 days | 2,801 sqft |
| 2018-04-01 | 43 days | 2,786 sqft |
| 2018-05-01 | 47 days | 2,728 sqft |
| 2018-06-01 | 46 days | 2,730 sqft |
| 2018-07-01 | 49 days | 2,729 sqft |
| 2018-08-01 | 55 days | 2,616 sqft |
| 2018-09-01 | 57 days | 2,598 sqft |
| 2018-10-01 | 59 days | 2,522 sqft |
| 2018-11-01 | 66 days | 2,528 sqft |
| 2018-12-01 | 81 days | 2,536 sqft |
| 2019-01-01 | 93 days | 2,099 sqft |
| 2019-02-01 | 63 days | 2,107 sqft |
| 2019-03-01 | 49 days | 2,151 sqft |
| 2019-04-01 | 46 days | 2,206 sqft |
| 2019-05-01 | 47 days | 2,210 sqft |
| 2019-06-01 | 51 days | 2,240 sqft |
| 2019-07-01 | 50 days | 2,250 sqft |
| 2019-08-01 | 50 days | 2,252 sqft |
| 2019-09-01 | 55 days | 2,223 sqft |
| 2019-10-01 | 59 days | 2,196 sqft |
| 2019-11-01 | 71 days | 2,162 sqft |
| 2019-12-01 | 86 days | 2,152 sqft |
| 2020-01-01 | 86 days | 2,127 sqft |
| 2020-02-01 | 88 days | 2,208 sqft |
| 2020-03-01 | 44 days | 2,167 sqft |
| 2020-04-01 | 42 days | 2,185 sqft |
| 2020-05-01 | 50 days | 2,234 sqft |
| 2020-06-01 | 52 days | 2,247 sqft |
| 2020-07-01 | 51 days | 2,310 sqft |
| 2020-08-01 | 46 days | 2,210 sqft |
| 2020-09-01 | 47 days | 2,168 sqft |
| 2020-10-01 | 45 days | 2,113 sqft |
| 2020-11-01 | 53 days | 2,048 sqft |
| 2020-12-01 | 58 days | 2,068 sqft |
| 2021-01-01 | 63 days | 1,978 sqft |
| 2021-02-01 | 50 days | 2,017 sqft |
| 2021-03-01 | 32 days | 2,091 sqft |
| 2021-04-01 | 31 days | 2,023 sqft |
| 2021-05-01 | 36 days | 2,096 sqft |
| 2021-06-01 | 32 days | 2,085 sqft |
| 2021-07-01 | 36 days | 2,090 sqft |
| 2021-08-01 | 36 days | 2,098 sqft |
| 2021-09-01 | 42 days | 2,087 sqft |
| 2021-10-01 | 43 days | 2,123 sqft |
| 2021-11-01 | 45 days | 2,073 sqft |
| 2021-12-01 | 58 days | 2,064 sqft |
| 2022-01-01 | 65 days | 2,198 sqft |
| 2022-02-01 | 40 days | 2,540 sqft |
| 2022-03-01 | 30 days | 2,518 sqft |
| 2022-04-01 | 31 days | 2,541 sqft |
| 2022-05-01 | 32 days | 2,335 sqft |
| 2022-06-01 | 37 days | 2,189 sqft |
| 2022-07-01 | 37 days | 2,144 sqft |
| 2022-08-01 | 39 days | 2,154 sqft |
| 2022-09-01 | 46 days | 2,128 sqft |
| 2022-10-01 | 47 days | 2,158 sqft |
| 2022-11-01 | 59 days | 2,146 sqft |
| 2022-12-01 | 73 days | 2,090 sqft |
| 2023-01-01 | 84 days | 2,099 sqft |
| 2023-02-01 | 70 days | 2,198 sqft |
| 2023-03-01 | 47 days | 2,229 sqft |
| 2023-04-01 | 39 days | 2,224 sqft |
| 2023-05-01 | 39 days | 2,340 sqft |
| 2023-06-01 | 46 days | 2,350 sqft |
| 2023-07-01 | 47 days | 2,334 sqft |
| 2023-08-01 | 42 days | 2,249 sqft |
| 2023-09-01 | 42 days | 2,147 sqft |
| 2023-10-01 | 47 days | 2,152 sqft |
| 2023-11-01 | 57 days | 2,158 sqft |
| 2023-12-01 | 69 days | 2,092 sqft |
| 2024-01-01 | 78 days | 2,151 sqft |
| 2024-02-01 | 73 days | 2,152 sqft |
| 2024-03-01 | 39 days | 2,251 sqft |
| 2024-04-01 | 39 days | 2,263 sqft |
| 2024-05-01 | 42 days | 2,273 sqft |
| 2024-06-01 | 47 days | 2,215 sqft |
| 2024-07-01 | 42 days | 2,248 sqft |
| 2024-08-01 | 49 days | 2,239 sqft |
| 2024-09-01 | 47 days | 2,154 sqft |
| 2024-10-01 | 50 days | 2,229 sqft |
| 2024-11-01 | 58 days | 2,237 sqft |
| 2024-12-01 | 72 days | 2,201 sqft |
| 2025-01-01 | 85 days | 2,203 sqft |
| 2025-02-01 | 86 days | 2,210 sqft |
| 2025-03-01 | 39 days | 2,142 sqft |
| 2025-04-01 | 38 days | 2,268 sqft |
ROCHESTER's median listing age (time on market) for 2025-04-01 was 38 days.
This
is -4%
shorter
than the same period one year ago.
ROCHESTER's median square footage for active listings during the 2025-04-01 period was 2,268 sqft. One year prior, the average listing was 2,263 sqft.
ROCHESTER's median square footage for active listings during the 2025-04-01 period was 2,268 sqft. One year prior, the average listing was 2,263 sqft.
ROCHESTER, MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,813 | $839,905,000 | $298,580 |
| Refi | 503 | $135,625,000 | $269,632 |
| Other | 457 | $48,085,000 | $105,219 |
| Home Improvement | 454 | $32,280,000 | $71,101 |
| Cash Out Refi | 382 | $71,250,000 | $186,518 |
Rochester's most frequently cited loan purpose was Home Purchase, with 2,813 originations. The 2nd most popular reason was Refi, with 503 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 2,034 | $556,990,000 | $273,840 |
| 7-8% | 891 | $195,875,000 | $219,837 |
| 5-6% | 567 | $174,915,000 | $308,492 |
| Over 8% | 509 | $48,795,000 | $95,864 |
| <2.5% | 91 | $2,005,000 | $22,033 |
| 4-5% | 29 | $9,425,000 | $325,000 |
| 3-4% | 9 | $10,815,000 | $1,201,667 |
| 2.5-3% | 2 | $640,000 | $320,000 |
During 2024, Rochester's most frequently originated rate bucket was 6-7%, with 2,034 originations.
Loan Sizing (ROCHESTER, MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,802 | $502,870,000 | $279,062 |
| $100,000 or less | 1,302 | $63,750,000 | $48,963 |
| $100k-200k | 931 | $140,525,000 | $150,940 |
| $400k-600k | 388 | $185,350,000 | $477,706 |
| $600k-1000k | 134 | $96,970,000 | $723,657 |
| $Over $1MM | 52 | $137,680,000 | $2,647,692 |
ROCHESTER's loan sizing saw the bucket of loans from $200k-400k with 1,802 originations, totaling $502,870,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,614 | $552,200,000 | $342,131 |
| Under 20% | 853 | $39,045,000 | $45,774 |
| 60-80% | 844 | $269,630,000 | $319,467 |
| 20-40% | 487 | $55,175,000 | $113,296 |
| 40-60% | 302 | $70,650,000 | $233,940 |
| Over 100% | 22 | $7,180,000 | $326,364 |
ROCHESTER's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,614 originations, totaling $552,200,000 in origination value.