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 6.32% for the week of 2024-02-22, compared to the national average of 6.9% for the same period.

The average rate for the prior week (2024-02-15) was 6.59% and one month ago for the week of 2024-01-18, the average rate was 6.42%.

Rochester's average rate one year ago was 6.37%.

For refis of the same type during the week of 2024-02-22, the average rate was 6.42%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-22 6.9%
Rochester 30 Year Fixed Rate 2024-02-22 6.32%
Rochester 30 Year Fixed Rate Refi 2024-02-22 6.42%
Rochester 15 Year Fixed Rate 2024-02-22 6.02%
Rochester 15 Year Fixed Rate Refi 2024-02-22 5.18%
Rochester 30 Year FHA 2024-02-22 -0.36%
Rochester 30 Year FHA Refi 2024-02-22 -0.1%
Rochester 30 Year USDA 2024-02-22 0.1%
Rochester 30 Year USDA Refi 2024-02-22 -0.2%
Rochester 30 Year VA 2024-02-22 -0.3%
Rochester 30 Year VA Refi 2024-02-22 -0.2%
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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 233 5.08% $5,673
Think Mutual Bank 225 4.65% $4,514
Bell Bank 178 4.61% $5,895
Home Federal Savings Bank 140 4.91% $4,573
Wells Fargo Bank 131 4.95% $4,562
Bremer Bank 113 4.72% $6,867
ALTRA 113 4.71% $4,239
Merchants Bank 110 4.59% $4,431
QUICKEN LOANS, LLC 91 4.90% $6,144
U.S. Bank 86 4.93% $4,472
First Federal Bank 80 5.03% $4,803
LOANDEPOT.COM, LLC 69 5.01% $6,205
Prosperity Home Mortgage, LLC 67 5.02% $5,427
GUARANTEED RATE AFFINITY, LLC 62 4.90% $5,029
GUARANTEED RATE, INC. 54 4.94% $4,980
MAYO EMPLOYEES FEDERAL CREDIT UNION 47 4.22% $4,778
RESULTS MORTGAGE, LLC 47 4.91% $4,915
Servion, Inc. 46 5.19% $4,606
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 42 5.19% $5,181
Barrington Bank & Trust Company, N.A. 35 5.05% $4,581
PRIMELENDING, A PLAINSCAPITAL COMPANY 33 5.04% $5,671
Associated Bank 30 4.37% $4,204
The Huntington National Bank 22 4.36% $4,069
CARDINAL FINANCIAL 17 5.23% $6,937
AFFINITY PLUS 16 5.11% $4,345
WNB Financial, N.A. 16 4.45% $4,132
Mr. Cooper ( Nationstar Mortgage ) 15 4.51% $6,840
COMPEER FINANCIAL, FLCA 15 5.68% $4,174
CROSSCOUNTRY MORTGAGE, LLC 14 5.03% $7,103
JPMorgan Chase Bank 13 4.32% $4,539
BAY EQUITY LLC 13 5.41% $4,677
WINGS FINANCIAL 12 4.83% $2,948
First Alliance Credit Union 12 5.09% $3,792
Cambria Financial Group, LLC 11 5.02% $4,153
Summit Mortgage Corporation 11 4.99% $4,832
FREEDOM MORTGAGE CORPORATION 10 4.53% $4,889
PENNYMAC LOAN SERVICES, LLC 10 5.06% $5,130
BETTER MORTGAGE CORPORATION 9 3.15% $4,627
Minnwest Bank 8 4.84% $4,341
Manufacturers Bank & Trust Company 8 5.31% $5,804
CRESCENT MORTGAGE COMPANY 7 5.89% $6,807
BROKER SOLUTIONS, INC. 7 5.46% $5,131
Citizens Bank 7 5.88% $4,607
Bank of America 6 4.13% $3,468
Coulee Bank 6 4.54% $7,889
Frandsen Bank & Trust 5 5.26% $4,683
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 5 4.55% $4,378
AMERISAVE MORTGAGE CORPORATION 5 5.47% $5,749
BMO Harris Bank 5 3.73% $3,897
American Mortgage & Equity Consultants, Inc. 5 5.62% $7,751
EVERETT FINANCIAL, INC. 5 5.55% $1,632
LAND HOME FINANCIAL SERVICES, INC. 5 5.63% $7,047
Alerus Financial 5 4.08% $1,373
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.05% $4,317
Plains Commerce Bank 5 4.13% $4,530
Flagstar Bank, FSB 5 4.59% $5,039
Tradition Mortgage, LLC 5 4.62% $2,730
NAVY FEDERAL CREDIT UNION 5 4.68% $2,382
Lend Smart Mortgage, LLC 4 5.81% $5,346
Ally Bank 4 4.00% $6,088
ALAMEDA MORTGAGE CORPORATION 4 6.72% $8,409
GUIDANCE RESIDENTIAL, LLC 4 5.59% $4,764
Royal Credit Union 4 4.66% $2,645
Goldwater Bank, N.A. 4 5.06% $4,637
Century Mortgage Company DBA Century Lending Company 4 6.34% $6,534
NEWREZ LLC 3 4.17% $5,272
LAKEVIEW LOAN SERVICING, LLC 3 4.41% $3,856
PREMIA MORTGAGE, LLC 3 4.71% $3,996
Alliance Bank 3 4.25% $4,137
CORTRUST MORTGAGE, INC. 3 6.25% $8,470
Morgan Stanley Private Bank 3 3.72% $3,284
PLAZA HOME MORTGAGE, INC. 3 6.75% $6,869
AMERICAN FINANCING CORPORATION 3 3.96% $3,954
NBKC BANK 3 4.67% $3,071
MILEND, INC. 3 4.50% $7,722
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.42% $6,734
Northpointe Bank 3 4.00% $5,140
ZILLOW HOME LOANS, LLC 2 3.69% $5,127
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.63% $4,827
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 4.50% $17,333
Baxter Credit Union 2 4.50% $2,527
CALIBER HOME LOANS, INC. 2 3.07% $6,496
Carrington Mortgage Services, LLC 2 4.88% $6,702
Citizens State Bank of La Crosse 2 5.56% $3,359
Deere Employees Credit Union 2 3.25% $2,791
ENVOY MORTGAGE, LTD 2 4.93% $5,890
First Bank & Trust 2 4.38% $7,769
First Western Trust Bank 2 5.56% $3,093
Gate City Bank 2 2.94% $3,931
HIWAY 2 4.38% $2,279
KELLER MORTGAGE, LLC 2 5.06% $3,920
KeyBank 2 3.50% $2,097
Mortgages Unlimited Inc. 2 4.75% $9,709
North American Savings Bank, F.S.B. 2 4.06% $6,339
Old National Bank 2 5.19% $3,762
ROYAL UNITED MORTGAGE LLC 2 4.00% $5,664
THRIVENT Federal Credit Union 2 3.63% $3,840
MASON MCDUFFIE MORTGAGE CORPORATION 1 5.63% $7,476
IncredibleBank 1 4.50% $3,281
MEGASTAR FINANCIAL CORP. 1 5.50% $4,420
Hometown Lenders, Inc. 1 5.38% $3,498
Midwest Heritage Bank FSB 1 5.88% $2,582
HOMESTAR FINANCIAL CORPORATION 1 5.38% $5,315
HOMESIDE FINANCIAL, LLC 1 4.38% $3,294
HOME POINT FINANCIAL CORPORATION 1 6.63% $5,793
MORIA DEVELOPMENT, INC. 1 6.13% $8,750
AXIA FINANCIAL, LLC 1 4.25% $9,429
MOVEMENT MORTGAGE, LLC 1 3.19% $7,053
HANCOCK MORTGAGE PARTNERS, LLC 1 3.63% $4,688
GUARANTY HOME MORTGAGE CORPORATION 1 3.63% $3,121
NATIONAL COOPERATIVE BANK, N.A. 1 3.63% $2,430
Great Southern Bank 1 2.90% $3,853
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 5.38% $6,510
NETWORK CAPITAL FUNDING CORPORATION 1 5.25% $3,788
Fortress Bank 1 5.75% $2,770
West Gate Bank 1 7.25% $2,242
FM Home Loans, LLC 1 5.13% $10,081
Northwest Bank 1 3.88% $1,716
Auto Club Trust, FSB 1 3.99% $2,354
First National Bank of America 1 7.13% $8,659
PHH Mortgage Corporation 1 4.88% $3,332
First International Bank & Trust 1 4.13% $2,645
First Home Bank 1 4.38% $5,771
PNC Bank 1 5.38% $6,910
FINANCE OF AMERICA MORTGAGE LLC 1 6.88% $3,252
Fidelity Bank & Trust 1 4.25% $2,825
DUPACO COMMUNITY 1 3.00% $4,915
Discover Bank 1 4.99% $0
RBC Bank, (Georgia) 1 6.38% $1,856
Renasant Bank 1 4.88% $2,947
Dacotah Bank 1 5.63% $9,829
Collins Community Credit Union 1 3.99% $2,904
American State Bank 1 4.13% $3,546
RUOFF MORTGAGE COMPANY, INC. 1 6.88% $540
CMG MORTGAGE, INC. 1 5.63% $11,915
Sierra Pacific Mortgage Company, Inc. 1 3.50% $8,205
SOUTHWEST FUNDING, LP 1 5.25% $5,815
STAR ONE CREDIT UNION 1 3.25% $3,583
Stifel Bank and Trust 1 5.25% $2,673
SUMMIT FUNDING, INC. 1 4.99% $7,917
City National Bank 1 4.09% $3,540
Sunflower Bank 1 4.99% $4,688
The Central Trust Bank 1 5.00% $3,400
Citizens Bank Minnesota 1 3.88% $6,238
CHERRY CREEK MORTGAGE, LLC 1 4.75% $775
THOMPSON KANE & COMPANY, LLC 1 5.25% $4,471
AMERICAN INTERNET MORTGAGE, INC. 1 5.00% $3,737
TOPLINE FEDERAL CREDIT UNION 1 5.00% $6,768
CENTRAL MINNESOTA Credit Union 1 5.25% $3,131
TruHome Solutions, LLC 1 5.00% $5,357
Central Bank 1 3.25% $11,775
UBS Bank USA 1 5.13% $4,211
UMB Bank 1 4.72% $4,575
CALCON MUTUAL MORTGAGE LLC 1 5.63% $3,070
University of Wisconsin Credit Union 1 4.38% $2,706
USAA Federal Savings Bank 1 6.00% $8,433
Bank of England 1 7.13% $4,737
V.I.P. MORTGAGE, INC. 1 4.50% $3,642
Waterstone Mortgage Corporation 1 6.99% $7,316
Johnson Bank 1 3.38% $2,326
Lincoln Savings Bank 1 3.00% $3,209
Ixonia Bank 1 4.75% $7,046
LOANFLIGHT LENDING, LLC 1 3.88% $2,288
IOWA BANKERS MORTGAGE CORPORATION 1 3.63% $4,605

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 $294,353 (21.4%) $329,513 (12.6%) 1.09 496
2018-02-01 $299,200 (21.4%) $341,398 (16.2%) 1.09 490
2018-03-01 $319,900 (27.7%) $360,296 (19.8%) 1.12 552
2018-04-01 $314,900 (12.5%) $362,808 (15.2%) 1.07 584
2018-05-01 $304,475 (10.8%) $359,002 (11.9%) 1.02 606
2018-06-01 $299,900 (10.1%) $353,964 (10.1%) 1.00 642
2018-07-01 $295,725 (9.5%) $347,977 (9.6%) 0.99 722
2018-08-01 $283,200 (3.0%) $334,261 (6.2%) 0.95 739
2018-09-01 $279,900 (7.7%) $329,024 (7.5%) 0.94 783
2018-10-01 $274,950 (3.3%) $322,071 (3.2%) 0.93 782
2018-11-01 $274,900 (-0.8%) $324,692 (4.0%) 0.93 732
2018-12-01 $296,450 (5.9%) $341,416 (7.9%) 1.02 638
2019-01-01 $307,950 (4.6%) $353,599 (7.3%) 1.06 490
2019-02-01 $303,225 (1.4%) $355,534 (4.1%) 1.02 378
2019-03-01 $313,329 (-2.1%) $358,144 (-0.6%) 1.02 504
2019-04-01 $319,900 (1.6%) $365,430 (0.7%) 1.02 655
2019-05-01 $319,050 (4.8%) $360,446 (0.4%) 1.00 698
2019-06-01 $309,900 (3.3%) $359,396 (1.5%) 0.97 709
2019-07-01 $309,450 (4.6%) $359,467 (3.3%) 0.97 744
2019-08-01 $307,173 (8.5%) $357,955 (7.1%) 0.97 752
2019-09-01 $303,082 (8.3%) $354,861 (7.9%) 0.97 765
2019-10-01 $298,575 (8.6%) $351,141 (9.0%) 0.96 767
2019-11-01 $294,900 (7.3%) $348,701 (7.4%) 0.97 725
2019-12-01 $298,700 (0.8%) $355,828 (4.2%) 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 (6.6%) $399,982 (11.3%) 0.96 484
2020-08-01 $320,000 (4.2%) $394,674 (10.3%) 0.92 479
2020-09-01 $309,975 (2.3%) $388,845 (9.6%) 0.89 452
2020-10-01 $298,500 (0.0%) $377,285 (7.5%) 0.86 449
2020-11-01 $287,400 (-2.5%) $385,700 (10.6%) 0.84 362
2020-12-01 $292,450 (-2.1%) $391,383 (10.0%) 0.87 291
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 (5.5%) $410,142 (5.5%) 0.87 401
2021-10-01 $336,500 (12.7%) $414,957 (10.0%) 0.90 423
2021-11-01 $343,950 (19.7%) $426,060 (10.5%) 0.92 375
2021-12-01 $349,900 (19.6%) $439,082 (12.2%) 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 $379,000 (16.2%) $472,213 (15.0%) 0.95 224
2022-04-01 $389,450 (17.6%) $465,474 (13.1%) 0.93 255
2022-05-01 $392,475 (16.0%) $479,428 (15.2%) 0.90 293
2022-06-01 $379,000 (12.1%) $468,993 (14.4%) 0.84 333
2022-07-01 $364,900 (8.4%) $454,662 (8.3%) 0.82 394
2022-08-01 $377,500 (18.0%) $463,334 (10.9%) 0.87 414
2022-09-01 $370,425 (13.3%) $464,510 (13.3%) 0.87 429
2022-10-01 $382,450 (13.7%) $459,325 (10.7%) 0.90 461
2022-11-01 $385,175 (12.0%) $454,603 (6.7%) 0.93 428
2022-12-01 $381,950 (9.2%) $451,332 (2.8%) 0.94 357
2023-01-01 $394,900 (11.2%) $458,736 (3.9%) 0.98 302
2023-02-01 $413,828 (9.7%) $488,214 (3.1%) 1.00 273
2023-03-01 $414,171 (9.3%) $498,326 (5.5%) 0.98 308
2023-04-01 $414,900 (6.5%) $500,582 (7.5%) 0.96 337
2023-05-01 $418,393 (6.6%) $513,104 (7.0%) 0.95 346
2023-06-01 $418,393 (10.4%) $510,184 (8.8%) 0.94 363
2023-07-01 $410,000 (12.4%) $501,082 (10.2%) 0.93 367
2023-08-01 $399,925 (5.9%) $486,722 (5.1%) 0.92 442
2023-09-01 $385,000 (3.9%) $465,387 (0.2%) 0.90 467
2023-10-01 $385,000 (0.7%) $461,984 (0.6%) 0.91 505
2023-11-01 $380,925 (-1.1%) $470,118 (3.4%) 0.91 489
2023-12-01 $379,900 (-0.5%) $474,629 (5.2%) 0.93 431
ROCHESTER's median listing price for 2023-12-01 was $379,900, a difference of $-2,050 (-0.5%) versus the prior year and $-1,025 versus the prior month.

ROCHESTER's median listing price comes in at 93% of the national average.

ROCHESTER's average listing price for 2023-12-01 was $474,629, a difference of $23,297 (5.2%) versus the prior year and $4,511 versus the prior month.

For the 2023-12-01 period, ROCHESTER had 431 MLS listings, a difference of -58 listings (-12%) versus the prior month and 74 listings (21%) 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 2,567 sqft
2018-02-01 89 days 2,600 sqft
2018-03-01 48 days 2,800 sqft
2018-04-01 43 days 2,781 sqft
2018-05-01 47 days 2,721 sqft
2018-06-01 46 days 2,729 sqft
2018-07-01 49 days 2,727 sqft
2018-08-01 55 days 2,616 sqft
2018-09-01 57 days 2,596 sqft
2018-10-01 59 days 2,520 sqft
2018-11-01 66 days 2,524 sqft
2018-12-01 81 days 2,536 sqft
2019-01-01 93 days 2,094 sqft
2019-02-01 64 days 2,102 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 51 days 2,253 sqft
2019-09-01 54 days 2,224 sqft
2019-10-01 59 days 2,198 sqft
2019-11-01 71 days 2,163 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 2,166 sqft
2020-10-01 45 days 2,109 sqft
2020-11-01 53 days 2,045 sqft
2020-12-01 58 days 2,062 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 31 days 2,513 sqft
2022-04-01 31 days 2,544 sqft
2022-05-01 33 days 2,330 sqft
2022-06-01 36 days 2,179 sqft
2022-07-01 37 days 2,138 sqft
2022-08-01 39 days 2,147 sqft
2022-09-01 46 days 2,120 sqft
2022-10-01 47 days 2,149 sqft
2022-11-01 59 days 2,136 sqft
2022-12-01 73 days 2,085 sqft
2023-01-01 84 days 2,097 sqft
2023-02-01 69 days 2,198 sqft
2023-03-01 47 days 2,229 sqft
2023-04-01 39 days 2,225 sqft
2023-05-01 39 days 2,343 sqft
2023-06-01 46 days 2,354 sqft
2023-07-01 47 days 2,334 sqft
2023-08-01 41 days 2,257 sqft
2023-09-01 42 days 2,149 sqft
2023-10-01 47 days 2,151 sqft
2023-11-01 57 days 2,158 sqft
2023-12-01 69 days 2,092 sqft
ROCHESTER's median listing age (time on market) for 2023-12-01 was 69 days. This is -5% shorter than the same period one year ago.

ROCHESTER's median square footage for active listings during the 2023-12-01 period was 2,092 sqft. One year prior, the average listing was 2,085 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.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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.