Spirit Lake Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Spirit Lake averaged 6.4% for the week of 2024-12-05, compared to the national average of 6.69% for the same period.

The average rate for the prior week (2024-11-27) was 6.72% and one month ago for the week of 2024-10-31, the average rate was 6.63%.

Spirit Lake's average rate one year ago was 7.03%.

For refis of the same type during the week of 2024-12-05, the average rate was 6.89%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-12-05 6.69%
Spirit Lake 30 Year Fixed Rate 2024-12-05 6.4%
Spirit Lake 30 Year Fixed Rate Refi 2024-12-05 6.89%
Spirit Lake 15 Year Fixed Rate 2024-12-05 6.16%
Spirit Lake 15 Year Fixed Rate Refi 2024-12-05 6.46%
Spirit Lake 30 Year FHA 2024-12-05 6.16%
Spirit Lake 30 Year FHA Refi 2024-12-05 6.26%
Spirit Lake 30 Year USDA 2024-12-05 6.43%
Spirit Lake 30 Year USDA Refi 2024-12-05 6.33%
Spirit Lake 30 Year VA 2024-12-05 6.14%
Spirit Lake 30 Year VA Refi 2024-12-05 6.14%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Spirit Lake, IA.

Spirit Lake 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 Spirit Lake, IA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Northwest Bank 74 6.34% $4,442
Central Bank 33 6.11% $4,350
IOWA BANKERS MORTGAGE CORPORATION 10 6.69% $4,573
V.I.P. MORTGAGE, INC. 9 6.63% $4,991
First Bank & Trust 4 5.94% $5,807
Primebank 4 6.88% $4,647
Bankers Trust Company 4 6.84% $2,340
GREENSTATE CREDIT UNION 3 6.58% $2,166
Plains Commerce Bank 3 7.16% $7,637
First Dakota National Bank 3 6.99% $4,052
HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.69% $6,347
AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.31% $8,364
JPMorgan Chase Bank 2 7.13% $13,777
U.S. Bank 2 6.75% $3,621
Flanagan State Bank 2 6.63% $7,053
American State Bank 2 6.50% $3,450
Wells Fargo Bank 2 7.06% $4,387
American Bank & Trust 2 6.31% $7,173
Goldman Sachs Bank USA 1 5.10% $2,746
GREATER IOWA CREDIT UNION 1 8.13% $2,076
MEMBERS1st Community Credit Union 1 7.50% $20,486
Mr. Cooper ( Nationstar Mortgage ) 1 6.49% $8,440
NAVY FEDERAL CREDIT UNION 1 5.75% $11,359
NEWREZ LLC 1 6.13% $5,707
QUICKEN LOANS, LLC 1 6.88% $5,504
Raccoon Valley Bank 1 6.65% $1,602
Reliabank Dakota 1 7.13% $8,211
TOWNE MORTGAGE COMPANY 1 8.38% $10,325
Tradition Mortgage, LLC 1 6.13% $9,077
Truist 1 6.63% $5,587
UNITED WHOLESALE MORTGAGE, LLC 1 7.00% $3,954
VERITAS FUNDING, LLC 1 7.38% $17,748
West Gate Bank 1 8.63% $3,178
American National Bank 1 7.50% $3,418
AmeriHome Mortgage Company, LLC 1 7.00% $5,376
Arbor Bank 1 6.25% $2,855
Arvest Bank 1 6.50% $1,429
Bank Iowa 1 6.88% $5,647
Bank of America 1 6.75% $5,098
BMO Harris Bank 1 7.25% $5,473
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.38% $7,772
COMPEER FINANCIAL, FLCA 1 7.38% $5,288
CORNHUSKER BANK 1 6.50% $1,076
Deere Employees Credit Union 1 6.50% $4,119
Farm Credit Mid-America, ACA 1 8.00% $6,100
First Federal Savings and Loan Association of Lakewood 1 6.83% $4,008
First International Bank & Trust 1 5.75% $285
First PREMIER Bank 1 7.25% $2,595
First Savings Bank 1 6.75% $5,235
Five Points Bank 1 7.25% $3,070

Spirit Lake Average Closing Costs & Other Stats

Spirit Lake, IA's 50 lenders originated 525 loans during 2023. The total origination value was $154,205,000, with an average loan value of $293,724.

Spirit Lake's average closing costs are $3,355.

The top Spirit Lake lender as defined by loan originations is Northwest Bank, with 74 loans originated. Their average total fees are $4,442, which is $91 higher than the next largest lender, Central Bank.

The lowest fee Spirit Lake lenders (with over 10 loans originated) are Central Bank ($4,350), Northwest Bank ($4,442), IOWA BANKERS MORTGAGE CORPORATION ($4,573), .

The lowest rate Spirit Lake lenders (with over 10 loans originated) are Central Bank (6.11%), Northwest Bank (6.34%), IOWA BANKERS MORTGAGE CORPORATION (6.69%), .

Spirit Lake, IA Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Northwest Bank $54,705,000 $44,240,000 -19.1% 28.7%
Central Bank $33,655,000 $24,400,000 -27.5% 15.8%
Bank Midwest $11,710,000 $7,175,000 -38.7% 4.7%
Plains Commerce Bank $1,585,000 $4,765,000 200.6% 3.1%
Bankers Trust Company $4,185,000 n/a 2.7%
City State Bank $3,885,000 n/a 2.5%
The Security National Bank of Sioux City, Iowa $210,000 $3,715,000 1,669.0% 2.4%
IOWA BANKERS MORTGAGE CORPORATION $5,795,000 $3,425,000 -40.9% 2.2%
First Dakota National Bank $8,415,000 $3,235,000 -61.6% 2.1%
V.I.P. MORTGAGE, INC. $2,635,000 n/a 1.7%
Primebank $2,960,000 $2,385,000 -19.4% 1.5%
Midwest Heritage Bank FSB $1,795,000 $2,175,000 21.2% 1.4%
JPMorgan Chase Bank $3,840,000 $2,010,000 -47.7% 1.3%
First Bank & Trust $990,000 $1,755,000 77.3% 1.1%
American Bank & Trust $185,000 $1,635,000 783.8% 1.1%
Bank of America $2,005,000 $1,505,000 -24.9% 1.0%
Peoples Bank $4,080,000 $1,500,000 -63.2% 1.0%
MEMBERS1st Community Credit Union $1,485,000 n/a 1.0%
Mortgage Research Center, LLC $1,290,000 $1,415,000 9.7% 0.9%
QUICKEN LOANS, LLC $2,495,000 $1,370,000 -45.1% 0.9%
U.S. Bank $4,045,000 $1,340,000 -66.9% 0.9%
American State Bank $2,400,000 $1,315,000 -45.2% 0.9%
Reliabank Dakota $405,000 $1,125,000 177.8% 0.7%
Availa Bank $2,160,000 $1,115,000 -48.4% 0.7%
BMO Harris Bank $1,080,000 n/a 0.7%
Flanagan State Bank $1,125,000 $960,000 -14.7% 0.6%
Five Points Bank $505,000 $940,000 86.1% 0.6%
Wells Fargo Bank $6,160,000 $880,000 -85.7% 0.6%
Paramount Residential Mortgage Group, Inc. $1,340,000 $870,000 -35.1% 0.6%
GREATER IOWA CREDIT UNION $850,000 n/a 0.6%
GREENSTATE CREDIT UNION $1,810,000 $805,000 -55.5% 0.5%
AMERICAN PACIFIC MORTGAGE CORPORATION $790,000 n/a 0.5%
Goldman Sachs Bank USA $755,000 n/a 0.5%
Security National Bank of Omaha $715,000 n/a 0.5%
Bridgewater Bank $710,000 n/a 0.5%
TOWNE MORTGAGE COMPANY $665,000 n/a 0.4%
The First National Bank in Sioux Falls $1,285,000 $595,000 -53.7% 0.4%
HOMEOWNERS FINANCIAL GROUP USA, LLC $1,385,000 $560,000 -59.6% 0.4%
Raccoon Valley Bank $555,000 n/a 0.4%
COMPEER FINANCIAL, FLCA $365,000 $505,000 38.4% 0.3%
United Bank of Iowa $1,085,000 $490,000 -54.8% 0.3%
West Gate Bank $1,375,000 $485,000 -64.7% 0.3%
AmeriHome Mortgage Company, LLC $155,000 $470,000 203.2% 0.3%
Community Choice Credit Union $580,000 $470,000 -19.0% 0.3%
Deere Employees Credit Union $465,000 n/a 0.3%
VERIDIAN CREDIT UNION $1,600,000 $440,000 -72.5% 0.3%
Lincoln Savings Bank $425,000 n/a 0.3%
LOANDEPOT.COM, LLC $375,000 $420,000 12.0% 0.3%
First Federal Savings and Loan Association of Lakewood $415,000 n/a 0.3%
Citizens Bank Minnesota $395,000 n/a 0.3%
CITY FIRST MORTGAGE SERVICES, L.L.C. $395,000 n/a 0.3%
Flagstar Bank, FSB $915,000 $380,000 -58.5% 0.2%
First PREMIER Bank $425,000 $375,000 -11.8% 0.2%
Barrington Bank & Trust Company, N.A. $365,000 n/a 0.2%
First International Bank & Trust $365,000 n/a 0.2%
First State Bank $355,000 n/a 0.2%
SUN WEST MORTGAGE COMPANY, INC. $345,000 n/a 0.2%
VERITAS FUNDING, LLC $335,000 n/a 0.2%
AMERICAN FINANCIAL NETWORK, INC. $325,000 n/a 0.2%
GUILD MORTGAGE COMPANY $535,000 $325,000 -39.3% 0.2%
Houghton State Bank $325,000 n/a 0.2%
Tradition Mortgage, LLC $4,445,000 $325,000 -92.7% 0.2%
Bank Iowa $970,000 $315,000 -67.5% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $295,000 $285,000 -3.4% 0.2%
TRIAD FINANCIAL SERVICES, INC. $135,000 $275,000 103.7% 0.2%
NAVY FEDERAL CREDIT UNION $425,000 $265,000 -37.6% 0.2%
Premier Bank $265,000 n/a 0.2%
Chickasaw Community Bank $345,000 $255,000 -26.1% 0.2%
UNITED WHOLESALE MORTGAGE, LLC $255,000 n/a 0.2%
Ally Bank $245,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $245,000 n/a 0.2%
FOUR POINTS $235,000 n/a 0.2%
Arbor Bank $215,000 n/a 0.1%
Citizens Alliance Bank $215,000 n/a 0.1%
Truist $500,000 $215,000 -57.0% 0.1%
Arvest Bank $435,000 $205,000 -52.9% 0.1%
BETTER MORTGAGE CORPORATION $175,000 $205,000 17.1% 0.1%
Farm Credit Mid-America, ACA $205,000 n/a 0.1%
CORNHUSKER BANK $175,000 n/a 0.1%
First Savings Bank $1,165,000 $175,000 -85.0% 0.1%
GUARANTEED RATE, INC. $175,000 n/a 0.1%
American National Bank $160,000 n/a 0.1%
Core Bank $155,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $135,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $130,000 n/a 0.1%
BANKWEST, INC. $125,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $125,000 n/a 0.1%
FREEDOM MORTGAGE CORPORATION $475,000 $125,000 -73.7% 0.1%
Citizens Bank $225,000 $115,000 -48.9% 0.1%
Luana Savings Bank $115,000 n/a 0.1%
FIRST $355,000 $100,000 -71.8% 0.1%
NEWREZ LLC $95,000 n/a 0.1%
Signature Federal Credit Union $85,000 n/a 0.1%
Denver Savings Bank $155,000 $80,000 -48.4% 0.1%
Glenwood State Bank $35,000 $65,000 85.7% 0.0%
SIOUXLAND FEDERAL CREDIT UNION $1,305,000 $65,000 -95.0% 0.0%
Washington County Bank $65,000 n/a 0.0%
GTE Federal Credit Union $55,000 n/a 0.0%
DUPACO COMMUNITY $95,000 $35,000 -63.2% 0.0%

Spirit Lake's top lender by overall market share is Northwest Bank, with 28.7% market share. In second place, with 15.8%, is Central Bank, having originated $24,400,000 in loans. In third place, with 4.7%, is Bank Midwest, having originated $7,175,000 in loans. In fourth place, with 3.1%, is Plains Commerce Bank, having originated $4,765,000 in loans. In fifth place, with 2.7%, is Bankers Trust Company, having originated $4,185,000 in loans.


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

Realtor.com - Spirit Lake (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 $243,825 (-2.4%) $409,697 (5.7%) 0.00 215
2018-02-01 $245,938 (-2.1%) $423,644 (10.0%) 0.00 219
2018-03-01 $279,900 (10.6%) $472,664 (28.5%) 0.00 207
2018-04-01 $296,200 (14.4%) $486,417 (20.1%) 0.00 233
2018-05-01 $301,749 (12.1%) $488,350 (11.2%) 0.00 233
2018-06-01 $319,000 (25.4%) $492,116 (12.7%) 0.00 242
2018-07-01 $324,800 (30.3%) $492,498 (15.7%) 0.00 236
2018-08-01 $321,975 (27.5%) $431,217 (-2.4%) 0.00 246
2018-09-01 $324,850 (25.1%) $435,042 (-2.1%) 0.00 237
2018-10-01 $338,875 (28.0%) $449,230 (1.9%) 0.00 224
2018-11-01 $335,200 (34.6%) $438,603 (3.3%) 0.00 205
2018-12-01 $329,000 (34.6%) $438,933 (5.7%) 0.00 181
2019-01-01 $323,750 (32.8%) $434,079 (6.0%) 0.00 162
2019-02-01 $323,350 (31.5%) $426,234 (0.6%) 0.00 172
2019-03-01 $323,357 (15.5%) $420,360 (-11.1%) 0.00 203
2019-04-01 $324,900 (9.7%) $422,019 (-13.2%) 0.00 236
2019-05-01 $329,000 (9.0%) $432,644 (-11.4%) 0.00 263
2019-06-01 $329,000 (3.1%) $463,606 (-5.8%) 0.00 277
2019-07-01 $310,975 (-4.3%) $451,412 (-8.3%) 0.00 296
2019-08-01 $302,427 (-6.1%) $447,190 (3.7%) 0.00 291
2019-09-01 $292,568 (-9.9%) $439,912 (1.1%) 0.00 280
2019-10-01 $280,950 (-17.1%) $435,060 (-3.2%) 0.00 260
2019-11-01 $275,000 (-18.0%) $429,499 (-2.1%) 0.00 227
2019-12-01 $271,000 (-17.6%) $402,178 (-8.4%) 0.00 191
2020-01-01 $299,750 (-7.4%) $425,320 (-2.0%) 0.00 164
2020-02-01 $288,500 (-10.8%) $425,303 (-0.2%) 0.00 168
2020-03-01 $281,350 (-13.0%) $408,649 (-2.8%) 0.00 175
2020-04-01 $316,250 (-2.7%) $426,550 (1.1%) 0.00 192
2020-05-01 $317,500 (-3.5%) $502,861 (16.2%) 0.00 211
2020-06-01 $332,500 (1.1%) $547,660 (18.1%) 0.00 192
2020-07-01 $320,750 (3.1%) $551,294 (22.1%) 0.00 190
2020-08-01 $270,000 (-10.7%) $493,216 (10.3%) 0.00 158
2020-09-01 $256,500 (-12.3%) $469,486 (6.7%) 0.00 131
2020-10-01 $256,250 (-8.8%) $476,831 (9.6%) 0.00 116
2020-11-01 $258,375 (-6.1%) $517,164 (20.4%) 0.00 99
2020-12-01 $254,500 (-6.1%) $504,255 (25.4%) 0.00 87
2021-01-01 $254,500 (-15.1%) $394,606 (-7.2%) 0.00 78
2021-02-01 $249,500 (-13.5%) $354,279 (-16.7%) 0.00 76
2021-03-01 $255,000 (-9.4%) $453,375 (11.0%) 0.00 59
2021-04-01 $245,750 (-22.3%) $444,032 (4.1%) 0.00 59
2021-05-01 $246,500 (-22.4%) $429,802 (-14.5%) 0.00 58
2021-06-01 $283,375 (-14.8%) $654,721 (19.6%) 0.00 51
2021-07-01 $287,000 (-10.5%) $648,495 (17.6%) 0.00 56
2021-08-01 $288,375 (6.8%) $518,479 (5.1%) 0.00 78
2021-09-01 $289,900 (13.0%) $472,801 (0.7%) 0.00 95
2021-10-01 $289,900 (13.1%) $493,768 (3.6%) 0.00 91
2021-11-01 $289,900 (12.2%) $499,211 (-3.5%) 0.00 69
2021-12-01 $289,900 (13.9%) $494,075 (-2.0%) 0.00 64
2022-01-01 $289,900 (13.9%) $476,345 (20.7%) 0.00 54
2022-02-01 $289,900 (16.2%) $361,291 (2.0%) 0.00 53
2022-03-01 $289,900 (13.7%) $411,537 (-9.2%) 0.00 51
2022-04-01 $314,900 (28.1%) $654,708 (47.5%) 0.00 60
2022-05-01 $314,900 (27.8%) $690,028 (60.6%) 0.00 64
2022-06-01 $319,950 (12.9%) $693,437 (5.9%) 0.00 71
2022-07-01 $325,000 (13.2%) $802,094 (23.7%) 0.00 92
2022-08-01 $303,275 (5.2%) $651,537 (25.7%) 0.00 104
2022-09-01 $312,400 (7.8%) $629,703 (33.2%) 0.00 93
2022-10-01 $328,400 (13.3%) $625,270 (26.6%) 0.00 106
2022-11-01 $324,900 (12.1%) $598,338 (19.9%) 0.00 102
2022-12-01 $326,650 (12.7%) $618,921 (25.3%) 0.00 98
2023-01-01 $324,500 (11.9%) $601,526 (26.3%) 0.00 93
2023-02-01 $324,500 (11.9%) $606,753 (67.9%) 0.00 89
2023-03-01 $324,500 (11.9%) $658,782 (60.1%) 0.00 84
2023-04-01 $328,400 (4.3%) $610,175 (-6.8%) 0.00 96
2023-05-01 $349,900 (11.1%) $691,644 (0.2%) 0.00 106
2023-06-01 $339,150 (6.0%) $714,006 (3.0%) 0.00 109
2023-07-01 $338,650 (4.2%) $777,435 (-3.1%) 0.00 104
2023-08-01 $349,450 (15.2%) $748,980 (15.0%) 0.00 96
2023-09-01 $349,000 (11.7%) $736,836 (17.0%) 0.00 104
2023-10-01 $375,010 (14.2%) $715,584 (14.4%) 0.00 112
2023-11-01 $389,020 (19.7%) $740,445 (23.8%) 0.00 107
2023-12-01 $398,000 (21.8%) $586,846 (-5.2%) 0.00 96
2024-01-01 $385,030 (18.7%) $569,290 (-5.4%) 0.00 85
2024-02-01 $377,030 (16.2%) $589,165 (-2.9%) 0.00 88
2024-03-01 $380,270 (17.2%) $573,647 (-12.9%) 0.00 105
2024-04-01 $404,950 (23.3%) $614,606 (0.7%) 0.00 107
2024-05-01 $476,875 (36.3%) $751,374 (8.6%) 0.00 112
2024-06-01 $450,000 (32.7%) $800,367 (12.1%) 0.00 128
2024-07-01 $363,250 (7.3%) $787,651 (1.3%) 0.00 153
2024-08-01 $359,000 (2.7%) $798,615 (6.6%) 0.00 149
2024-09-01 $430,575 (23.4%) $826,890 (12.2%) 0.00 158
2024-10-01 $449,250 (19.8%) $851,292 (19.0%) 0.00 165
2024-11-01 $415,000 (6.7%) $788,990 (6.6%) 0.00 163
Spirit Lake's median listing price for 2024-11-01 was $415,000, a difference of $25,980 (6.7%) versus the prior year and $-34,250 versus the prior month.

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

Spirit Lake's average listing price for 2024-11-01 was $788,990, a difference of $48,545 (6.6%) versus the prior year and $-62,302 versus the prior month.

For the 2024-11-01 period, Spirit Lake had 163 MLS listings, a difference of -2 listings (-1%) versus the prior month and 56 listings (52%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Spirit Lake (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,770 sqft
2018-02-01 0 days 1,760 sqft
2018-03-01 0 days 1,944 sqft
2018-04-01 0 days 1,921 sqft
2018-05-01 0 days 1,929 sqft
2018-06-01 0 days 2,089 sqft
2018-07-01 0 days 2,082 sqft
2018-08-01 0 days 2,082 sqft
2018-09-01 0 days 2,136 sqft
2018-10-01 0 days 2,196 sqft
2018-11-01 0 days 2,148 sqft
2018-12-01 0 days 2,228 sqft
2019-01-01 0 days 2,082 sqft
2019-02-01 0 days 2,001 sqft
2019-03-01 0 days 1,941 sqft
2019-04-01 0 days 1,979 sqft
2019-05-01 0 days 1,980 sqft
2019-06-01 0 days 1,985 sqft
2019-07-01 0 days 1,916 sqft
2019-08-01 0 days 1,896 sqft
2019-09-01 0 days 1,854 sqft
2019-10-01 0 days 1,835 sqft
2019-11-01 0 days 1,811 sqft
2019-12-01 0 days 1,728 sqft
2020-01-01 0 days 1,747 sqft
2020-02-01 0 days 1,704 sqft
2020-03-01 0 days 1,704 sqft
2020-04-01 0 days 1,719 sqft
2020-05-01 0 days 1,704 sqft
2020-06-01 0 days 1,895 sqft
2020-07-01 0 days 1,936 sqft
2020-08-01 0 days 1,629 sqft
2020-09-01 0 days 1,693 sqft
2020-10-01 0 days 1,488 sqft
2020-11-01 0 days 1,647 sqft
2020-12-01 0 days 1,478 sqft
2021-01-01 0 days 1,440 sqft
2021-02-01 0 days 1,404 sqft
2021-03-01 0 days 1,427 sqft
2021-04-01 0 days 1,371 sqft
2021-05-01 0 days 1,408 sqft
2021-06-01 0 days 1,536 sqft
2021-07-01 0 days 1,704 sqft
2021-08-01 0 days 1,478 sqft
2021-09-01 0 days 1,588 sqft
2021-10-01 0 days 1,588 sqft
2021-11-01 0 days 1,557 sqft
2021-12-01 0 days 1,536 sqft
2022-01-01 0 days 1,478 sqft
2022-02-01 0 days 1,492 sqft
2022-03-01 0 days 1,588 sqft
2022-04-01 0 days 1,588 sqft
2022-05-01 0 days 1,588 sqft
2022-06-01 0 days 1,588 sqft
2022-07-01 0 days 1,865 sqft
2022-08-01 0 days 1,588 sqft
2022-09-01 0 days 1,588 sqft
2022-10-01 0 days 1,588 sqft
2022-11-01 0 days 1,588 sqft
2022-12-01 0 days 1,588 sqft
2023-01-01 0 days 1,588 sqft
2023-02-01 0 days 1,588 sqft
2023-03-01 0 days 1,588 sqft
2023-04-01 0 days 1,588 sqft
2023-05-01 0 days 1,588 sqft
2023-06-01 0 days 1,588 sqft
2023-07-01 0 days 1,588 sqft
2023-08-01 0 days 1,588 sqft
2023-09-01 0 days 1,588 sqft
2023-10-01 0 days 1,588 sqft
2023-11-01 0 days 1,588 sqft
2023-12-01 0 days 1,588 sqft
2024-01-01 0 days 1,588 sqft
2024-02-01 0 days 1,588 sqft
2024-03-01 0 days 1,588 sqft
2024-04-01 0 days 1,588 sqft
2024-05-01 0 days 1,669 sqft
2024-06-01 0 days 1,652 sqft
2024-07-01 0 days 1,541 sqft
2024-08-01 0 days 1,541 sqft
2024-09-01 0 days 1,562 sqft
2024-10-01 0 days 1,588 sqft
2024-11-01 0 days 1,541 sqft
Spirit Lake's median listing age (time on market) for 2024-11-01 was 0 days.

Spirit Lake's median square footage for active listings during the 2024-11-01 period was 1,541 sqft. One year prior, the average listing was 1,588 sqft.

Spirit Lake, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 332 $120,800,000 $363,855
Home Improvement 68 $5,650,000 $83,088
Refi 50 $14,000,000 $280,000
Other 47 $8,625,000 $183,511
Cash Out Refi 28 $5,130,000 $183,214

Spirit Lake's most frequently cited loan purpose was Home Purchase, with 332 originations. The 2nd most popular reason was Home Improvement, with 68 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 183 $54,405,000 $297,295
7-8% 123 $29,515,000 $239,959
5-6% 86 $23,820,000 $276,977
Over 8% 72 $15,660,000 $217,500
4-5% 11 $6,525,000 $593,182
3-4% 4 $1,430,000 $357,500
<2.5% 1 $5,000 $5,000

During 2023, Spirit Lake's most frequently originated rate bucket was 6-7%, with 183 originations.

Loan Sizing (Spirit Lake, IA MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 173 $49,035,000 $283,439
$100,000 or less 128 $6,510,000 $50,859
$100k-200k 123 $18,025,000 $146,545
$400k-600k 48 $22,450,000 $467,708
$600k-1000k 35 $26,665,000 $761,857
$Over $1MM 18 $31,520,000 $1,751,111

Spirit Lake's loan sizing saw the bucket of loans from $200k-400k with 173 originations, totaling $49,035,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 135 $43,965,000 $325,667
60-80% 126 $46,230,000 $366,905
Under 20% 85 $4,765,000 $56,059
20-40% 72 $15,900,000 $220,833
40-60% 60 $19,710,000 $328,500
Over 100% 1 $345,000 $345,000

Spirit Lake's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 135 originations, totaling $43,965,000 in origination value.