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
5.99%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
5.81% and
one month ago for the week of 2023-04-20, the
average rate was 5.81%.
Rochester's average rate one year ago was 4.97%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.79%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Rochester 30 Year Fixed Rate | 2023-05-25 | 5.99% |
| Rochester 30 Year Fixed Rate Refi | 2023-05-25 | 5.79% |
| Rochester 15 Year Fixed Rate | 2023-05-25 | 5.7% |
| Rochester 15 Year Fixed Rate Refi | 2023-05-25 | 5.06% |
| Rochester 30 Year FHA | 2023-05-25 | 6.15% |
| Rochester 30 Year FHA Refi | 2023-05-25 | 6.81% |
| Rochester 30 Year USDA | 2023-05-25 | 6.63% |
| Rochester 30 Year USDA Refi | 2023-05-25 | 6.83% |
| Rochester 30 Year VA | 2023-05-25 | 5.71% |
| Rochester 30 Year VA Refi | 2023-05-25 | 6.21% |
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 164 lenders originated 5,782
loans during 2022. The total origination value was $1,442,880,000, with an average loan value of
$249,547.
ROCHESTER's average closing costs are $4,477.
The top ROCHESTER lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
233 loans originated. Their average total fees are
$5,673, which is $1,160
higher than the next largest lender,
Think Mutual Bank.
The lowest fee ROCHESTER lenders (with over 10 loans originated) are
WINGS FINANCIAL ($2,948), First Alliance Credit Union ($3,792), The Huntington National Bank ($4,069), WNB Financial, N.A. ($4,132) and Cambria Financial Group, LLC ($4,153).
The lowest rate ROCHESTER lenders (with over 10 loans originated) are
MAYO EMPLOYEES FEDERAL CREDIT UNION (4.22%), JPMorgan Chase Bank (4.32%), The Huntington National Bank (4.36%), Associated Bank (4.37%) and WNB Financial, N.A. (4.45%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Think Mutual Bank | $273,965,000 | $126,540,000 | -53.8% | 8.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $138,445,000 | $103,915,000 | -24.9% | 7.2% |
| Home Federal Savings Bank | $139,935,000 | $79,515,000 | -43.2% | 5.5% |
| Bell Bank | $141,225,000 | $70,545,000 | -50.0% | 4.9% |
| Bremer Bank | $128,860,000 | $65,695,000 | -49.0% | 4.6% |
| ALTRA | $76,690,000 | $57,880,000 | -24.5% | 4.0% |
| Wells Fargo Bank | $115,270,000 | $49,670,000 | -56.9% | 3.4% |
| U.S. Bank | $104,035,000 | $47,700,000 | -54.2% | 3.3% |
| Merchants Bank | $74,870,000 | $47,155,000 | -37.0% | 3.3% |
| QUICKEN LOANS, LLC | $99,855,000 | $37,505,000 | -62.4% | 2.6% |
| MAYO EMPLOYEES FEDERAL CREDIT UNION | $36,450,000 | $37,480,000 | 2.8% | 2.6% |
| LOANDEPOT.COM, LLC | $74,955,000 | $32,610,000 | -56.5% | 2.3% |
| Minnwest Bank | $13,470,000 | $32,110,000 | 138.4% | 2.2% |
| Prosperity Home Mortgage, LLC | $41,320,000 | $27,165,000 | -34.3% | 1.9% |
| Foresight Bank | $38,535,000 | $27,015,000 | -29.9% | 1.9% |
| GUARANTEED RATE AFFINITY, LLC | $37,595,000 | $26,955,000 | -28.3% | 1.9% |
| Busey Bank | $26,835,000 | n/a | 1.9% | |
| First Federal Bank | $86,060,000 | $26,165,000 | -69.6% | 1.8% |
| CBRE MULTIFAMILY CAPITAL, INC. | $25,515,000 | n/a | 1.8% | |
| GUARANTEED RATE, INC. | $44,920,000 | $23,220,000 | -48.3% | 1.6% |
| Peoples State Bank of Plainview | $24,645,000 | $22,325,000 | -9.4% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $21,765,000 | $19,440,000 | -10.7% | 1.3% |
| Citywide Banks | $19,360,000 | n/a | 1.3% | |
| RESULTS MORTGAGE, LLC | $31,060,000 | $18,810,000 | -39.4% | 1.3% |
| Associated Bank | $26,980,000 | $17,095,000 | -36.6% | 1.2% |
| F & M Community Bank | $32,170,000 | $15,950,000 | -50.4% | 1.1% |
| Servion, Inc. | $37,415,000 | $15,905,000 | -57.5% | 1.1% |
| Barrington Bank & Trust Company, N.A. | $39,805,000 | $13,390,000 | -66.4% | 0.9% |
| AFFINITY PLUS | $35,380,000 | $12,320,000 | -65.2% | 0.9% |
| Mortgage Research Center, LLC | $12,975,000 | $12,130,000 | -6.5% | 0.8% |
| Manufacturers Bank & Trust Company | $26,750,000 | $11,880,000 | -55.6% | 0.8% |
| Coulee Bank | $14,705,000 | $11,840,000 | -19.5% | 0.8% |
| First Alliance Credit Union | $20,680,000 | $10,770,000 | -47.9% | 0.7% |
| The Huntington National Bank | $7,065,000 | $10,350,000 | 46.5% | 0.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $19,260,000 | $9,485,000 | -50.8% | 0.7% |
| COMPEER FINANCIAL, FLCA | $12,665,000 | $7,985,000 | -37.0% | 0.6% |
| WNB Financial, N.A. | $12,620,000 | $7,895,000 | -37.4% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $16,385,000 | $7,530,000 | -54.0% | 0.5% |
| Bridgewater Bank | $275,000 | $7,145,000 | 2,498.2% | 0.5% |
| JPMorgan Chase Bank | $8,705,000 | $6,755,000 | -22.4% | 0.5% |
| BAY EQUITY LLC | $9,265,000 | $6,085,000 | -34.3% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $5,900,000 | $6,060,000 | 2.7% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $24,005,000 | $6,035,000 | -74.9% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $13,660,000 | $5,955,000 | -56.4% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $34,655,000 | $5,055,000 | -85.4% | 0.4% |
| Farmers State Bank | $4,825,000 | n/a | 0.3% | |
| Mr. Cooper ( Nationstar Mortgage ) | $11,555,000 | $4,350,000 | -62.4% | 0.3% |
| Royal Credit Union | $1,740,000 | $4,335,000 | 149.1% | 0.3% |
| Summit Mortgage Corporation | $2,980,000 | $4,080,000 | 36.9% | 0.3% |
| WaterStone Bank, SSB | $4,015,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $7,000,000 | $3,995,000 | -42.9% | 0.3% |
| Grandbridge Real Estate Capital LLC | $3,900,000 | n/a | 0.3% | |
| WINGS FINANCIAL | $35,085,000 | $3,725,000 | -89.4% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $17,775,000 | $3,640,000 | -79.5% | 0.3% |
| Sunrise Banks | $3,580,000 | n/a | 0.2% | |
| Bank of America | $9,920,000 | $3,495,000 | -64.8% | 0.2% |
| BETTER MORTGAGE CORPORATION | $10,105,000 | $3,110,000 | -69.2% | 0.2% |
| CRESCENT MORTGAGE COMPANY | $7,715,000 | $2,915,000 | -62.2% | 0.2% |
| Cambria Financial Group, LLC | $1,805,000 | $2,775,000 | 53.7% | 0.2% |
| BMO Harris Bank | $1,165,000 | $2,705,000 | 132.2% | 0.2% |
| Flagstar Bank, FSB | $4,820,000 | $2,680,000 | -44.4% | 0.2% |
| West Bank | $20,155,000 | $2,660,000 | -86.8% | 0.2% |
| Plains Commerce Bank | $7,935,000 | $2,555,000 | -67.8% | 0.2% |
| Alerus Financial | $2,960,000 | $2,445,000 | -17.4% | 0.2% |
| MARINE | $3,800,000 | $2,440,000 | -35.8% | 0.2% |
| NEWREZ LLC | $6,655,000 | $2,210,000 | -66.8% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $2,815,000 | $2,115,000 | -24.9% | 0.1% |
| USAA Federal Savings Bank | $5,900,000 | $2,100,000 | -64.4% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $2,095,000 | $1,985,000 | -5.3% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,930,000 | n/a | 0.1% | |
| Eitzen State Bank | $1,905,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $12,095,000 | $1,900,000 | -84.3% | 0.1% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $2,760,000 | $1,840,000 | -33.3% | 0.1% |
| EVERETT FINANCIAL, INC. | $1,385,000 | $1,820,000 | 31.4% | 0.1% |
| Goldwater Bank, N.A. | $1,070,000 | $1,755,000 | 64.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $405,000 | $1,750,000 | 332.1% | 0.1% |
| Ally Bank | $1,715,000 | n/a | 0.1% | |
| Old National Bank | $1,915,000 | $1,690,000 | -11.7% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,035,000 | $1,635,000 | 58.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $4,565,000 | $1,615,000 | -64.6% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $1,600,000 | n/a | 0.1% | |
| ALAMEDA MORTGAGE CORPORATION | $1,545,000 | n/a | 0.1% | |
| Citizens Bank | $4,440,000 | $1,365,000 | -69.3% | 0.1% |
| Flagship Banks Minnesota | $1,350,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $655,000 | $1,340,000 | 104.6% | 0.1% |
| Sentry Bank | $1,100,000 | $1,325,000 | 20.5% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $1,015,000 | $1,320,000 | 30.0% | 0.1% |
| PREMIA MORTGAGE, LLC | $1,265,000 | $1,285,000 | 1.6% | 0.1% |
| Northpointe Bank | $1,040,000 | $1,265,000 | 21.6% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $2,565,000 | $1,255,000 | -51.1% | 0.1% |
| First Bank & Trust | $1,005,000 | $1,245,000 | 23.9% | 0.1% |
| Frandsen Bank & Trust | $1,200,000 | $1,240,000 | 3.3% | 0.1% |
| NBKC BANK | $5,015,000 | $1,230,000 | -75.5% | 0.1% |
| IOWA BANKERS MORTGAGE CORPORATION | $5,275,000 | $1,210,000 | -77.1% | 0.1% |
| Community Bank Mankato | $1,215,000 | $1,205,000 | -0.8% | 0.1% |
| CORTRUST MORTGAGE, INC. | $125,000 | $1,135,000 | 808.0% | 0.1% |
| Citizens State Bank of La Crosse | $770,000 | $1,110,000 | 44.2% | 0.1% |
| Carrington Mortgage Services, LLC | $3,650,000 | $1,055,000 | -71.1% | 0.1% |
| Armed Forces Bank | $1,040,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $3,385,000 | $1,025,000 | -69.7% | 0.1% |
| Tradition Mortgage, LLC | $7,090,000 | $1,025,000 | -85.5% | 0.1% |
| Morgan Stanley Private Bank | $860,000 | $985,000 | 14.5% | 0.1% |
| KELLER MORTGAGE, LLC | $6,645,000 | $895,000 | -86.5% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $340,000 | $870,000 | 155.9% | 0.1% |
| MILEND, INC. | $865,000 | n/a | 0.1% | |
| UMB Bank | $125,000 | $865,000 | 592.0% | 0.1% |
| American Federal Bank | $860,000 | n/a | 0.1% | |
| Mortgages Unlimited Inc. | $875,000 | $850,000 | -2.9% | 0.1% |
| HIWAY | $1,230,000 | $840,000 | -31.7% | 0.1% |
| First International Bank & Trust | $275,000 | $830,000 | 201.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,340,000 | $825,000 | -64.7% | 0.1% |
| Lend Smart Mortgage, LLC | $2,195,000 | $810,000 | -63.1% | 0.1% |
| Great Southern Bank | $795,000 | n/a | 0.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,065,000 | $785,000 | -74.4% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,125,000 | $785,000 | -30.2% | 0.1% |
| Johnson Bank | $480,000 | $765,000 | 59.4% | 0.1% |
| Bank of England | $1,705,000 | $755,000 | -55.7% | 0.1% |
| Alliance Bank | $4,165,000 | $750,000 | -82.0% | 0.1% |
| CMG MORTGAGE, INC. | $340,000 | $730,000 | 114.7% | 0.1% |
| Discover Bank | $715,000 | $725,000 | 1.4% | 0.1% |
| PHH Mortgage Corporation | $310,000 | $720,000 | 132.3% | 0.0% |
| Deere Employees Credit Union | $655,000 | $715,000 | 9.2% | 0.0% |
| HOME POINT FINANCIAL CORPORATION | $2,930,000 | $675,000 | -77.0% | 0.0% |
| AMERICAN FINANCING CORPORATION | $1,130,000 | $650,000 | -42.5% | 0.0% |
| Dacotah Bank | $645,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $1,255,000 | $635,000 | -49.4% | 0.0% |
| The Federal Savings Bank | $4,560,000 | $635,000 | -86.1% | 0.0% |
| KeyBank | $1,180,000 | $630,000 | -46.6% | 0.0% |
| North American Savings Bank, F.S.B. | $1,365,000 | $630,000 | -53.8% | 0.0% |
| POLARIS HOME FUNDING CORP. | $195,000 | $615,000 | 215.4% | 0.0% |
| PNC Bank | $370,000 | $605,000 | 63.5% | 0.0% |
| THRIVENT Federal Credit Union | $845,000 | $600,000 | -29.0% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $1,495,000 | $600,000 | -59.9% | 0.0% |
| Gate City Bank | $2,340,000 | $570,000 | -75.6% | 0.0% |
| AXIA FINANCIAL, LLC | $225,000 | $565,000 | 151.1% | 0.0% |
| Central Bank | $545,000 | $565,000 | 3.7% | 0.0% |
| River Bank | $565,000 | n/a | 0.0% | |
| UBS Bank USA | $155,000 | $565,000 | 264.5% | 0.0% |
| City National Bank | $805,000 | $560,000 | -30.4% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $555,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $555,000 | n/a | 0.0% | |
| Ixonia Bank | $135,000 | $540,000 | 300.0% | 0.0% |
| ENVOY MORTGAGE, LTD | $850,000 | $530,000 | -37.6% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $1,790,000 | $510,000 | -71.5% | 0.0% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $4,285,000 | $485,000 | -88.7% | 0.0% |
| The State Bank of Faribault | $205,000 | $485,000 | 136.6% | 0.0% |
| TOWNE MORTGAGE COMPANY | $2,275,000 | $475,000 | -79.1% | 0.0% |
| Kerndt Brothers Savings Bank | $265,000 | $470,000 | 77.4% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $1,520,000 | $470,000 | -69.1% | 0.0% |
| First Western Trust Bank | $3,575,000 | $460,000 | -87.1% | 0.0% |
| AMERICAN ADVISORS GROUP | $265,000 | $455,000 | 71.7% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $735,000 | $450,000 | -38.8% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $2,065,000 | $450,000 | -78.2% | 0.0% |
| Baxter Credit Union | $1,550,000 | $440,000 | -71.6% | 0.0% |
| DAS Acquisition Company, LLC | $435,000 | n/a | 0.0% | |
| Community Resource Bank | $930,000 | $430,000 | -53.8% | 0.0% |
| Lincoln Savings Bank | $175,000 | $425,000 | 142.9% | 0.0% |
| DUPACO COMMUNITY | $310,000 | $415,000 | 33.9% | 0.0% |
| First Guaranty Mortgage Corporation | $1,685,000 | $410,000 | -75.7% | 0.0% |
| Hometown Equity Mortgage, LLC | $410,000 | n/a | 0.0% | |
| LOANFLIGHT LENDING, LLC | $570,000 | $405,000 | -28.9% | 0.0% |
| STAR ONE CREDIT UNION | $395,000 | n/a | 0.0% | |
| Waterstone Mortgage Corporation | $545,000 | $395,000 | -27.5% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $605,000 | $375,000 | -38.0% | 0.0% |
| Citizens Bank Minnesota | $540,000 | $365,000 | -32.4% | 0.0% |
| University of Wisconsin Credit Union | $365,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $2,935,000 | $355,000 | -87.9% | 0.0% |
| First State Bank and Trust | $355,000 | n/a | 0.0% | |
| Collins Community Credit Union | $345,000 | n/a | 0.0% | |
| HomePromise Corporation | $345,000 | n/a | 0.0% | |
| Lake Elmo Bank | $345,000 | n/a | 0.0% | |
| TOPLINE FEDERAL CREDIT UNION | $345,000 | n/a | 0.0% | |
| WESTconsin Credit Union | $225,000 | $345,000 | 53.3% | 0.0% |
| Midwest Heritage Bank FSB | $1,565,000 | $340,000 | -78.3% | 0.0% |
| CITY-COUNTY CREDIT UNION | $335,000 | n/a | 0.0% | |
| THOMPSON KANE & COMPANY, LLC | $285,000 | $325,000 | 14.0% | 0.0% |
| M&T Bank | $115,000 | $320,000 | 178.3% | 0.0% |
| FM Home Loans, LLC | $315,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $590,000 | $315,000 | -46.6% | 0.0% |
| Renasant Bank | $315,000 | n/a | 0.0% | |
| NEW DAY FINANCIAL, LLC | $2,020,000 | $310,000 | -84.7% | 0.0% |
| IncredibleBank | $305,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $580,000 | $295,000 | -49.1% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $760,000 | $290,000 | -61.8% | 0.0% |
| CorTrust Bank | $115,000 | $285,000 | 147.8% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $65,000 | $285,000 | 338.5% | 0.0% |
| American Investors Bank and Mortgage | $275,000 | n/a | 0.0% | |
| Auto Club Trust, FSB | $430,000 | $275,000 | -36.0% | 0.0% |
| First PREMIER Bank | $460,000 | $275,000 | -40.2% | 0.0% |
| SUMMIT FUNDING, INC. | $245,000 | $275,000 | 12.2% | 0.0% |
| American State Bank | $95,000 | $265,000 | 178.9% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,300,000 | $265,000 | -79.6% | 0.0% |
| MORIA DEVELOPMENT, INC. | $235,000 | $265,000 | 12.8% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $600,000 | $265,000 | -55.8% | 0.0% |
| SPRING EQ, LLC | $545,000 | $265,000 | -51.4% | 0.0% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $255,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $615,000 | $255,000 | -58.5% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $710,000 | $245,000 | -65.5% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $245,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $255,000 | $245,000 | -3.9% | 0.0% |
| IDEAL | $400,000 | $240,000 | -40.0% | 0.0% |
| Fidelity Bank & Trust | $195,000 | $235,000 | 20.5% | 0.0% |
| First National Bank of America | $275,000 | $235,000 | -14.5% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $235,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $465,000 | $235,000 | -49.5% | 0.0% |
| The Central Trust Bank | $1,135,000 | $235,000 | -79.3% | 0.0% |
| Truist | $2,565,000 | $235,000 | -90.8% | 0.0% |
| Hometown Lenders, Inc. | $975,000 | $230,000 | -76.4% | 0.0% |
| Equity Prime Mortgage LLC | $225,000 | n/a | 0.0% | |
| First Home Bank | $135,000 | $225,000 | 66.7% | 0.0% |
| First State Bank of St. Charles, Missouri | $225,000 | n/a | 0.0% | |
| Fortress Bank | $225,000 | n/a | 0.0% | |
| NFM, INC. | $225,000 | n/a | 0.0% | |
| Northwest Bank | $225,000 | n/a | 0.0% | |
| Figure Lending LLC | $155,000 | $215,000 | 38.7% | 0.0% |
| NP, Inc. | $215,000 | n/a | 0.0% | |
| Sunflower Bank | $215,000 | n/a | 0.0% | |
| CENTRAL MINNESOTA Credit Union | $205,000 | n/a | 0.0% | |
| Nations Lending Corporation | $665,000 | $205,000 | -69.2% | 0.0% |
| Star Choice Credit Union | $205,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $205,000 | n/a | 0.0% | |
| West Gate Bank | $105,000 | $205,000 | 95.2% | 0.0% |
| Bank of the West | $320,000 | $200,000 | -37.5% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $8,360,000 | $200,000 | -97.6% | 0.0% |
| NATIONAL COOPERATIVE BANK, N.A. | $65,000 | $195,000 | 200.0% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $235,000 | $185,000 | -21.3% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $435,000 | $175,000 | -59.8% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $175,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $1,850,000 | $175,000 | -90.5% | 0.0% |
| PROPER RATE, LLC | $175,000 | n/a | 0.0% | |
| Republic Bank & Trust Company | $175,000 | n/a | 0.0% | |
| TruHome Solutions, LLC | $175,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $165,000 | n/a | 0.0% | |
| SOUTHWEST FUNDING, LP | $195,000 | $165,000 | -15.4% | 0.0% |
| ALLIANT CREDIT UNION | $160,000 | n/a | 0.0% | |
| Associated Healthcare Credit Union | $155,000 | n/a | 0.0% | |
| GOVERNMENTAL EMPLOYEES | $155,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $225,000 | $155,000 | -31.1% | 0.0% |
| SPIRE Credit Union | $425,000 | $155,000 | -63.5% | 0.0% |
| USAlliance Federal Credit Union | $155,000 | n/a | 0.0% | |
| First American Bank | $145,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $145,000 | n/a | 0.0% | |
| SOUTHPOINT FINANCIAL | $330,000 | $145,000 | -56.1% | 0.0% |
| INLANTA MORTGAGE, INC. | $280,000 | $135,000 | -51.8% | 0.0% |
| Assurance Financial Group, L.L.C. | $125,000 | n/a | 0.0% | |
| ILLINOIS STATE CREDIT UNION | $205,000 | $125,000 | -39.0% | 0.0% |
| State Bank Financial | $125,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $115,000 | n/a | 0.0% | |
| TOWN AND COUNTRY Credit Union | $115,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $110,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $195,000 | $105,000 | -46.2% | 0.0% |
| Security Financial Bank | $240,000 | $105,000 | -56.3% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $1,675,000 | $85,000 | -94.9% | 0.0% |
| Deerwood Bank | $80,000 | n/a | 0.0% | |
| Centier Bank | $75,000 | $75,000 | 0.0% | 0.0% |
| Heartland Credit Union | $60,000 | n/a | 0.0% | |
| Summit Credit Union | $25,000 | n/a | 0.0% |
ROCHESTER's top lender by overall market share is Think Mutual Bank, with 8.8% market share. In second place, with 7.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $103,915,000 in loans. In third place, with 5.5%, is Home Federal Savings Bank, having originated $79,515,000 in loans. In fourth place, with 4.9%, is Bell Bank, having originated $70,545,000 in loans. In fifth place, with 4.6%, is Bremer Bank, having originated $65,695,000 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 (20.5%) | $330,136 (12.7%) | 1.09 | 495 |
| 2018-02-01 | $299,700 (21.1%) | $341,746 (16.1%) | 1.09 | 489 |
| 2018-03-01 | $319,900 (26.7%) | $360,613 (19.7%) | 1.12 | 551 |
| 2018-04-01 | $315,925 (12.9%) | $363,578 (15.3%) | 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 | $295,800 (5.7%) | $341,017 (7.6%) | 1.02 | 637 |
| 2019-01-01 | $308,175 (4.5%) | $353,846 (7.2%) | 1.06 | 490 |
| 2019-02-01 | $299,975 (0.1%) | $351,931 (3.0%) | 1.01 | 378 |
| 2019-03-01 | $319,900 (0.0%) | $367,412 (1.9%) | 1.07 | 608 |
| 2019-04-01 | $319,900 (1.3%) | $365,789 (0.6%) | 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 | $319,700 (12.7%) | $369,436 (10.5%) | 1.00 | 725 |
| 2019-09-01 | $317,450 (13.4%) | $367,393 (11.7%) | 1.00 | 688 |
| 2019-10-01 | $297,950 (8.4%) | $351,122 (9.0%) | 0.96 | 768 |
| 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 (0.3%) | $356,717 (0.8%) | 1.03 | 525 |
| 2020-02-01 | $319,950 (6.7%) | $373,241 (6.1%) | 1.05 | 474 |
| 2020-03-01 | $317,450 (-0.8%) | $374,902 (2.0%) | 1.00 | 506 |
| 2020-04-01 | $319,950 (0.0%) | $370,116 (1.2%) | 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 (0.1%) | $394,674 (6.8%) | 0.92 | 479 |
| 2020-09-01 | $309,200 (-2.6%) | $389,076 (5.9%) | 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 | $326,075 (2.7%) | $410,702 (9.6%) | 0.93 | 261 |
| 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%) | $471,109 (14.9%) | 0.98 | 205 |
| 2022-03-01 | $379,475 (16.4%) | $472,148 (15.0%) | 0.95 | 225 |
| 2022-04-01 | $389,900 (17.7%) | $465,439 (13.1%) | 0.93 | 257 |
| 2022-05-01 | $393,600 (16.3%) | $476,494 (14.5%) | 0.90 | 295 |
| 2022-06-01 | $379,900 (12.3%) | $468,962 (14.3%) | 0.85 | 335 |
| 2022-07-01 | $365,000 (8.5%) | $454,697 (8.3%) | 0.82 | 396 |
| 2022-08-01 | $382,400 (19.5%) | $463,329 (10.9%) | 0.88 | 416 |
| 2022-09-01 | $372,475 (13.9%) | $464,509 (13.3%) | 0.87 | 431 |
| 2022-10-01 | $384,900 (14.4%) | $459,308 (10.7%) | 0.91 | 463 |
| 2022-11-01 | $385,425 (12.1%) | $454,635 (6.7%) | 0.93 | 429 |
| 2022-12-01 | $384,000 (9.8%) | $451,377 (2.8%) | 0.95 | 358 |
| 2023-01-01 | $394,900 (11.2%) | $458,736 (3.9%) | 0.98 | 302 |
| 2023-02-01 | $413,828 (9.7%) | $488,214 (3.6%) | 1.00 | 273 |
| 2023-03-01 | $414,171 (9.1%) | $498,326 (5.5%) | 0.98 | 308 |
| 2023-04-01 | $414,950 (6.4%) | $500,582 (7.6%) | 0.97 | 338 |
ROCHESTER's median listing price for 2023-04-01 was $414,950, a difference of
$25,050
(6.4%) versus the prior year and
$779 versus the prior month.
ROCHESTER's median listing price comes in at 97% of the national average.
ROCHESTER's average listing price for 2023-04-01 was $500,582, a difference of $35,143 (7.6%) versus the prior year and $2,256 versus the prior month.
For the 2023-04-01 period, ROCHESTER had 338 MLS listings, a difference of 30 listings (10%) versus the prior month and 81 listings (32%) versus the prior year.
ROCHESTER's median listing price comes in at 97% of the national average.
ROCHESTER's average listing price for 2023-04-01 was $500,582, a difference of $35,143 (7.6%) versus the prior year and $2,256 versus the prior month.
For the 2023-04-01 period, ROCHESTER had 338 MLS listings, a difference of 30 listings (10%) versus the prior month and 81 listings (32%) 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 | 92 days | 2,570 sqft |
| 2018-02-01 | 94 days | 2,605 sqft |
| 2018-03-01 | 53 days | 2,801 sqft |
| 2018-04-01 | 46 days | 2,786 sqft |
| 2018-05-01 | 50 days | 2,728 sqft |
| 2018-06-01 | 49 days | 2,730 sqft |
| 2018-07-01 | 51 days | 2,729 sqft |
| 2018-08-01 | 58 days | 2,616 sqft |
| 2018-09-01 | 59 days | 2,598 sqft |
| 2018-10-01 | 63 days | 2,522 sqft |
| 2018-11-01 | 69 days | 2,528 sqft |
| 2018-12-01 | 86 days | 2,536 sqft |
| 2019-01-01 | 99 days | 2,103 sqft |
| 2019-02-01 | 66 days | 2,071 sqft |
| 2019-03-01 | 61 days | 2,213 sqft |
| 2019-04-01 | 51 days | 2,204 sqft |
| 2019-05-01 | 52 days | 2,210 sqft |
| 2019-06-01 | 56 days | 2,240 sqft |
| 2019-07-01 | 55 days | 2,250 sqft |
| 2019-08-01 | 60 days | 2,277 sqft |
| 2019-09-01 | 63 days | 2,292 sqft |
| 2019-10-01 | 65 days | 2,196 sqft |
| 2019-11-01 | 73 days | 2,162 sqft |
| 2019-12-01 | 90 days | 2,152 sqft |
| 2020-01-01 | 90 days | 2,127 sqft |
| 2020-02-01 | 94 days | 2,208 sqft |
| 2020-03-01 | 48 days | 2,167 sqft |
| 2020-04-01 | 44 days | 2,185 sqft |
| 2020-05-01 | 52 days | 2,234 sqft |
| 2020-06-01 | 57 days | 2,247 sqft |
| 2020-07-01 | 53 days | 2,310 sqft |
| 2020-08-01 | 49 days | 2,210 sqft |
| 2020-09-01 | 50 days | 2,168 sqft |
| 2020-10-01 | 49 days | 2,113 sqft |
| 2020-11-01 | 55 days | 2,048 sqft |
| 2020-12-01 | 60 days | 2,068 sqft |
| 2021-01-01 | 65 days | 1,978 sqft |
| 2021-02-01 | 51 days | 2,017 sqft |
| 2021-03-01 | 34 days | 2,090 sqft |
| 2021-04-01 | 32 days | 2,023 sqft |
| 2021-05-01 | 36 days | 2,096 sqft |
| 2021-06-01 | 34 days | 2,085 sqft |
| 2021-07-01 | 36 days | 2,090 sqft |
| 2021-08-01 | 36 days | 2,097 sqft |
| 2021-09-01 | 42 days | 2,087 sqft |
| 2021-10-01 | 43 days | 2,123 sqft |
| 2021-11-01 | 46 days | 2,073 sqft |
| 2021-12-01 | 58 days | 2,064 sqft |
| 2022-01-01 | 67 days | 2,198 sqft |
| 2022-02-01 | 41 days | 2,538 sqft |
| 2022-03-01 | 31 days | 2,515 sqft |
| 2022-04-01 | 31 days | 2,541 sqft |
| 2022-05-01 | 33 days | 2,332 sqft |
| 2022-06-01 | 37 days | 2,185 sqft |
| 2022-07-01 | 37 days | 2,139 sqft |
| 2022-08-01 | 39 days | 2,149 sqft |
| 2022-09-01 | 46 days | 2,124 sqft |
| 2022-10-01 | 47 days | 2,153 sqft |
| 2022-11-01 | 59 days | 2,140 sqft |
| 2022-12-01 | 74 days | 2,088 sqft |
| 2023-01-01 | 86 days | 2,099 sqft |
| 2023-02-01 | 72 days | 2,198 sqft |
| 2023-03-01 | 47 days | 2,226 sqft |
| 2023-04-01 | 40 days | 2,224 sqft |
ROCHESTER's median listing age (time on market) for 2023-04-01 was 40 days.
This
is 29%
longer
than the same period one year ago.
ROCHESTER's median square footage for active listings during the 2023-04-01 period was 2,224 sqft. One year prior, the average listing was 2,541 sqft.
ROCHESTER's median square footage for active listings during the 2023-04-01 period was 2,224 sqft. One year prior, the average listing was 2,541 sqft.
ROCHESTER, MN Average Rent (2023)
Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.
| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 55901 | Rochester, MN | $780 | $920 | $1,160 | $1,650 | $1,990 |
| 55902 | Rochester, MN | $840 | $990 | $1,250 | $1,780 | $2,140 |
| 55903 | Rochester, MN | $740 | $880 | $1,110 | $1,580 | $1,900 |
| 55904 | Rochester, MN | $670 | $790 | $1,000 | $1,420 | $1,710 |
| 55905 | Rochester, MN | $740 | $880 | $1,110 | $1,580 | $1,900 |
| 55906 | Rochester, MN | $660 | $770 | $980 | $1,390 | $1,680 |
| 55917 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55920 | Rochester, MN | $740 | $880 | $1,110 | $1,580 | $1,900 |
| 55923 | Rochester, MN | $640 | $720 | $920 | $1,310 | $1,590 |
| 55924 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55927 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55929 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55932 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55934 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55940 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55944 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55946 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55955 | Rochester, MN | $650 | $770 | $970 | $1,380 | $1,660 |
| 55956 | Rochester, MN | $610 | $740 | $920 | $1,310 | $1,590 |
| 55960 | Rochester, MN | $740 | $870 | $1,090 | $1,550 | $1,860 |
| 55963 | Rochester, MN | $790 | $930 | $1,180 | $1,680 | $2,020 |
| 55964 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55972 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55973 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55976 | Rochester, MN | $680 | $800 | $1,010 | $1,430 | $1,730 |
| 55982 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
| 55985 | Rochester, MN | $720 | $850 | $1,080 | $1,530 | $1,850 |
| 55991 | Rochester, MN | $610 | $720 | $920 | $1,310 | $1,590 |
2022 Average & Median Rent Data Statistics
ROCHESTER, MN average 1BR rent: $781, median: $720
ROCHESTER, MN average 2BR rent: $992, median: $920
ROCHESTER, MN average 3BR rent: $1,411, median: $1,310
ROCHESTER, MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,342 | $1,038,680,000 | $310,796 |
| Refi | 749 | $169,735,000 | $226,615 |
| Cash Out Refi | 747 | $159,985,000 | $214,170 |
| Home Improvement | 606 | $44,480,000 | $73,399 |
| Other | 338 | $30,000,000 | $88,757 |
Rochester's most frequently cited loan purpose was Home Purchase, with 3,342 originations. The 2nd most popular reason was Refi, with 749 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1,402 | $370,350,000 | $264,158 |
| 4-5% | 1,344 | $340,300,000 | $253,199 |
| 3-4% | 1,242 | $334,900,000 | $269,646 |
| 6-7% | 648 | $126,140,000 | $194,660 |
| 2.5-3% | 392 | $106,220,000 | $270,969 |
| <2.5% | 169 | $46,795,000 | $276,893 |
| 7-8% | 140 | $20,150,000 | $143,929 |
| Over 8% | 65 | $4,985,000 | $76,692 |
During 2022, Rochester's most frequently originated rate bucket was 5-6%, with 1,402 originations.
Loan Sizing (ROCHESTER, MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,227 | $612,475,000 | $275,022 |
| $100k-200k | 1,466 | $221,390,000 | $151,016 |
| $100,000 or less | 1,385 | $67,965,000 | $49,072 |
| $400k-600k | 473 | $224,725,000 | $475,106 |
| $600k-1000k | 166 | $119,850,000 | $721,988 |
| $Over $1MM | 65 | $196,475,000 | $3,022,692 |
ROCHESTER's loan sizing saw the bucket of loans from $200k-400k with 2,227 originations, totaling $612,475,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,130 | $683,310,000 | $320,803 |
| 60-80% | 1,356 | $433,990,000 | $320,052 |
| Under 20% | 877 | $42,375,000 | $48,318 |
| 20-40% | 514 | $57,720,000 | $112,296 |
| 40-60% | 485 | $116,815,000 | $240,856 |
| Over 100% | 34 | $14,070,000 | $413,824 |
ROCHESTER's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,130 originations, totaling $683,310,000 in origination value.