Spirit Lake Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Spirit Lake averaged 6.3% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2023-11-22) was 6.47% and one month ago for the week of 2023-10-26, the average rate was 6.97%.

    Spirit Lake's average rate one year ago was 5.66%.

    For refis of the same type during the week of 2023-11-30, the average rate was 7.82%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Spirit Lake 30 Year Fixed Rate 2023-11-30 6.3%
    Spirit Lake 30 Year Fixed Rate Refi 2023-11-30 7.82%
    Spirit Lake 15 Year Fixed Rate 2023-11-30 6.56%
    Spirit Lake 15 Year Fixed Rate Refi 2023-11-30 6.66%
    Spirit Lake 30 Year FHA 2023-11-30 7.05%
    Spirit Lake 30 Year FHA Refi 2023-11-30 6.75%
    Spirit Lake 30 Year USDA 2023-11-30 6.8%
    Spirit Lake 30 Year USDA Refi 2023-11-30 6.8%
    Spirit Lake 30 Year VA 2023-11-30 6.97%
    Spirit Lake 30 Year VA Refi 2023-11-30 6.97%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Northwest Bank 85 4.15% $3,214
    Central Bank 57 4.30% $5,463
    Bank Midwest 29 4.87% $2,382
    IOWA BANKERS MORTGAGE CORPORATION 15 4.38% $2,927
    Tradition Mortgage, LLC 13 4.48% $4,688
    QUICKEN LOANS, LLC 8 5.23% $5,034
    Wells Fargo Bank 6 4.58% $3,902
    Bankers' Bank 6 4.48% $2,379
    GREENSTATE CREDIT UNION 6 3.65% $1,974
    JPMorgan Chase Bank 4 4.38% $6,127
    VERIDIAN CREDIT UNION 4 4.31% $1,828
    First Dakota National Bank 3 4.05% $14,658
    U.S. Bank 3 4.04% $3,140
    Access Bank 2 4.25% $3,876
    Bank Iowa 2 4.44% $2,253
    First Bank & Trust 2 5.31% $7,913
    Arvest Bank 2 5.00% $4,038
    Plains Commerce Bank 2 6.13% $7,451
    Flanagan State Bank 2 4.88% $5,543
    FREEDOM MORTGAGE CORPORATION 2 5.44% $6,240
    American State Bank 2 5.00% $1,826
    The First National Bank in Sioux Falls 2 3.31% $7,945
    Truist 2 5.38% $4,243
    Farmers State Bank 2 3.50% $1,979
    Collins Community Credit Union 2 5.44% $1,940
    Morgan Stanley Private Bank 1 2.75% $2,868
    Mr. Cooper ( Nationstar Mortgage ) 1 3.25% $10,895
    M&T Bank 1 5.13% $6,338
    Premier Credit Union 1 6.25% $4,587
    RESIDENTIAL BANCORP 1 4.63% $3,615
    Security First Bank 1 4.00% $1,984
    Servion, Inc. 1 5.75% $5,757
    The Central Trust Bank 1 5.63% $2,545
    United Bank of Iowa 1 3.50% $3,272
    Veritex Community Bank 1 5.13% $3,599
    West Gate Bank 1 2.88% $2,496
    American Bank & Trust 1 4.75% $3,526
    AmeriHome Mortgage Company, LLC 1 5.50% $4,882
    AMERISAVE MORTGAGE CORPORATION 1 3.50% $8,660
    Associated Bank 1 4.75% $15,521
    Bank of America 1 3.38% $5,317
    BNY Mellon 1 4.75% $3,817
    CARDINAL FINANCIAL 1 2.63% $29,926
    Community Choice Credit Union 1 4.63% $2,138
    COMPEER FINANCIAL, FLCA 1 6.88% $4,557
    CORTRUST MORTGAGE, INC. 1 5.38% $4,917
    CU MORTGAGE DIRECT, LLC 1 4.50% $5,886
    Dundee Bank 1 3.63% $2,743
    DUPACO COMMUNITY 1 3.38% $2,983
    Fifth Third Bank 1 5.75% $2,875
    First Bank 1 3.25% $6,299
    First PREMIER Bank 1 3.00% $2,441
    Flagstar Bank, FSB 1 5.75% $6,770
    Gateway First Bank 1 3.50% $6,062
    Great Southern Bank 1 5.63% $2,802
    Heritage Bank 1 5.13% $3,478
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.63% $3,304
    HOME POINT FINANCIAL CORPORATION 1 3.25% $2,000
    I. H. MISSISSIPPI VALLEY CREDIT UNION 1 3.63% $2,214
    LOANDEPOT.COM, LLC 1 5.88% $5,776

    Spirit Lake Average Closing Costs & Other Stats

    Spirit Lake, IA's 60 lenders originated 687 loans during 2022. The total origination value was $203,785,000, with an average loan value of $296,630.

    Spirit Lake's average closing costs are $3,164.

    The top Spirit Lake lender as defined by loan originations is Northwest Bank, with 85 loans originated. Their average total fees are $3,214, which is $2,248 lower than the next largest lender, Central Bank.

    The lowest fee Spirit Lake lenders (with over 10 loans originated) are Bank Midwest ($2,382), IOWA BANKERS MORTGAGE CORPORATION ($2,927), Northwest Bank ($3,214), Tradition Mortgage, LLC ($4,688) and Central Bank ($5,463).

    The lowest rate Spirit Lake lenders (with over 10 loans originated) are Northwest Bank (4.15%), Central Bank (4.30%), IOWA BANKERS MORTGAGE CORPORATION (4.38%), Tradition Mortgage, LLC (4.48%) and Bank Midwest (4.87%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Northwest Bank $97,070,000 $54,705,000 -43.6% 26.8%
    Central Bank $36,300,000 $33,655,000 -7.3% 16.5%
    Bank Midwest $18,235,000 $11,710,000 -35.8% 5.7%
    First Dakota National Bank $4,995,000 $8,415,000 68.5% 4.1%
    Wells Fargo Bank $7,160,000 $6,160,000 -14.0% 3.0%
    IOWA BANKERS MORTGAGE CORPORATION $16,545,000 $5,795,000 -65.0% 2.8%
    Tradition Mortgage, LLC $17,115,000 $4,445,000 -74.0% 2.2%
    Peoples Bank $125,000 $4,080,000 3,164.0% 2.0%
    U.S. Bank $9,290,000 $4,045,000 -56.5% 2.0%
    JPMorgan Chase Bank $3,840,000 n/a 1.9%
    Primebank $2,960,000 n/a 1.5%
    Bankers' Bank $2,810,000 $2,840,000 1.1% 1.4%
    QUICKEN LOANS, LLC $9,090,000 $2,495,000 -72.6% 1.2%
    American State Bank $4,580,000 $2,400,000 -47.6% 1.2%
    Availa Bank $305,000 $2,160,000 608.2% 1.1%
    Bank of America $2,005,000 n/a 1.0%
    GREENSTATE CREDIT UNION $3,220,000 $1,810,000 -43.8% 0.9%
    Midwest Heritage Bank FSB $255,000 $1,795,000 603.9% 0.9%
    BNY Mellon $1,765,000 n/a 0.9%
    VERIDIAN CREDIT UNION $640,000 $1,600,000 150.0% 0.8%
    Plains Commerce Bank $6,625,000 $1,585,000 -76.1% 0.8%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $800,000 $1,385,000 73.1% 0.7%
    West Gate Bank $590,000 $1,375,000 133.1% 0.7%
    Manufacturers Bank & Trust Company $285,000 $1,350,000 373.7% 0.7%
    Paramount Residential Mortgage Group, Inc. $2,735,000 $1,340,000 -51.0% 0.7%
    SIOUXLAND FEDERAL CREDIT UNION $1,600,000 $1,305,000 -18.4% 0.6%
    Farmers State Bank $255,000 $1,290,000 405.9% 0.6%
    Mortgage Research Center, LLC $600,000 $1,290,000 115.0% 0.6%
    The First National Bank in Sioux Falls $4,125,000 $1,285,000 -68.8% 0.6%
    CORTRUST MORTGAGE, INC. $1,575,000 $1,255,000 -20.3% 0.6%
    First Savings Bank $1,165,000 n/a 0.6%
    Flanagan State Bank $325,000 $1,125,000 246.2% 0.6%
    United Bank of Iowa $4,550,000 $1,085,000 -76.2% 0.5%
    First Bank & Trust $715,000 $990,000 38.5% 0.5%
    Collins Community Credit Union $325,000 $980,000 201.5% 0.5%
    Bank Iowa $305,000 $970,000 218.0% 0.5%
    Flagstar Bank, FSB $1,365,000 $915,000 -33.0% 0.4%
    Midstates Bank $505,000 $910,000 80.2% 0.4%
    Access Bank $820,000 n/a 0.4%
    First Bank $275,000 $690,000 150.9% 0.3%
    Charles Schwab Bank, SSB $655,000 n/a 0.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $380,000 $645,000 69.7% 0.3%
    Community Choice Credit Union $580,000 n/a 0.3%
    HOME POINT FINANCIAL CORPORATION $575,000 $580,000 0.9% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,010,000 $550,000 -45.5% 0.3%
    GUILD MORTGAGE COMPANY $420,000 $535,000 27.4% 0.3%
    Morgan Stanley Private Bank $1,315,000 $515,000 -60.8% 0.3%
    Five Points Bank $505,000 n/a 0.2%
    Truist $390,000 $500,000 28.2% 0.2%
    AMERISAVE MORTGAGE CORPORATION $1,290,000 $490,000 -62.0% 0.2%
    FREEDOM MORTGAGE CORPORATION $4,300,000 $475,000 -89.0% 0.2%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $475,000 n/a 0.2%
    HOMESERVICES LENDING, LLC $455,000 n/a 0.2%
    Arvest Bank $135,000 $435,000 222.2% 0.2%
    RESIDENTIAL BANCORP. $430,000 n/a 0.2%
    First PREMIER Bank $1,720,000 $425,000 -75.3% 0.2%
    NAVY FEDERAL CREDIT UNION $425,000 n/a 0.2%
    Associated Bank $405,000 n/a 0.2%
    Reliabank Dakota $95,000 $405,000 326.3% 0.2%
    Bank of Colorado $395,000 n/a 0.2%
    LOANDEPOT.COM, LLC $1,530,000 $375,000 -75.5% 0.2%
    PLANET HOME LENDING, LLC $415,000 $370,000 -10.8% 0.2%
    COMPEER FINANCIAL, FLCA $365,000 n/a 0.2%
    CEDAR FALLS COMMUNITY CREDIT UNION $355,000 n/a 0.2%
    FIRST $175,000 $355,000 102.9% 0.2%
    Security First Bank $355,000 n/a 0.2%
    Chickasaw Community Bank $1,395,000 $345,000 -75.3% 0.2%
    Pinnacle Bank $610,000 $315,000 -48.4% 0.2%
    BROKER SOLUTIONS, INC. $165,000 $310,000 87.9% 0.2%
    Security Savings Bank $305,000 n/a 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $380,000 $295,000 -22.4% 0.1%
    Veritex Community Bank $295,000 n/a 0.1%
    Servion, Inc. $275,000 n/a 0.1%
    Great Southern Bank $35,000 $265,000 657.1% 0.1%
    CU MORTGAGE DIRECT, LLC $255,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $235,000 n/a 0.1%
    Citizens Bank $225,000 n/a 0.1%
    First Federal Bank $570,000 $225,000 -60.5% 0.1%
    PNC Bank $1,935,000 $215,000 -88.9% 0.1%
    The Security National Bank of Sioux City, Iowa $1,810,000 $210,000 -88.4% 0.1%
    AMERICAN FINANCING CORPORATION $205,000 n/a 0.1%
    Telco Triad Community Credit Union $205,000 n/a 0.1%
    VisionBank of Iowa $700,000 $195,000 -72.1% 0.1%
    American Bank & Trust $875,000 $185,000 -78.9% 0.1%
    Dundee Bank $185,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $95,000 $185,000 94.7% 0.1%
    ZILLOW HOME LOANS, LLC $185,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $1,090,000 $175,000 -83.9% 0.1%
    Premier Credit Union $175,000 n/a 0.1%
    The Central Trust Bank $175,000 n/a 0.1%
    M&T Bank $255,000 $165,000 -35.3% 0.1%
    AmeriHome Mortgage Company, LLC $155,000 n/a 0.1%
    Denver Savings Bank $155,000 n/a 0.1%
    Frandsen Bank & Trust $155,000 n/a 0.1%
    Gateway First Bank $215,000 $155,000 -27.9% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $135,000 n/a 0.1%
    Heritage Bank $915,000 $130,000 -85.8% 0.1%
    Fifth Third Bank $115,000 n/a 0.1%
    Security National Bank of South Dakota $115,000 n/a 0.1%
    Frontier Bank $640,000 $105,000 -83.6% 0.1%
    SPRING EQ, LLC $100,000 n/a 0.0%
    DUPACO COMMUNITY $95,000 n/a 0.0%
    LAKEVIEW LOAN SERVICING, LLC $390,000 $95,000 -75.6% 0.0%
    PENNYMAC LOAN SERVICES, LLC $75,000 n/a 0.0%
    ROYAL UNITED MORTGAGE LLC $145,000 $75,000 -48.3% 0.0%
    Glenwood State Bank $25,000 $35,000 40.0% 0.0%
    VOYAGE FEDERAL CREDIT UNION $275,000 $15,000 -94.5% 0.0%

    Spirit Lake's top lender by overall market share is Northwest Bank, with 26.8% market share. In second place, with 16.5%, is Central Bank, having originated $33,655,000 in loans. In third place, with 5.7%, is Bank Midwest, having originated $11,710,000 in loans. In fourth place, with 4.1%, is First Dakota National Bank, having originated $8,415,000 in loans. In fifth place, with 3.0%, is Wells Fargo Bank, having originated $6,160,000 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
    Spirit Lake's median listing price for 2023-11-01 was $389,020, a difference of $64,120 (19.7%) versus the prior year and $14,010 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 2023-11-01 was $740,445, a difference of $142,107 (23.8%) versus the prior year and $24,861 versus the prior month.

    For the 2023-11-01 period, Spirit Lake had 107 MLS listings, a difference of -5 listings (-4%) versus the prior month and 5 listings (5%) 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
    Spirit Lake's median listing age (time on market) for 2023-11-01 was 0 days.

    Spirit Lake's median square footage for active listings during the 2023-11-01 period was 1,588 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 374 $128,340,000 $343,155
    Refi 115 $37,245,000 $323,870
    Cash Out Refi 75 $16,925,000 $225,667
    Other 70 $15,800,000 $225,714
    Home Improvement 53 $5,475,000 $103,302

    Spirit Lake's most frequently cited loan purpose was Home Purchase, with 374 originations. The 2nd most popular reason was Refi, with 115 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 214 $74,300,000 $347,196
    4-5% 189 $52,955,000 $280,185
    5-6% 131 $30,295,000 $231,260
    6-7% 39 $7,545,000 $193,462
    <2.5% 37 $10,605,000 $286,622
    2.5-3% 35 $13,745,000 $392,714
    7-8% 11 $1,455,000 $132,273
    Over 8% 6 $1,730,000 $288,333

    During 2022, Spirit Lake's most frequently originated rate bucket was 3-4%, with 214 originations.

    Loan Sizing (Spirit Lake, IA MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 201 $55,045,000 $273,856
    $100k-200k 187 $27,605,000 $147,620
    $100,000 or less 152 $8,340,000 $54,868
    $400k-600k 85 $40,085,000 $471,588
    $600k-1000k 35 $24,745,000 $707,000
    $Over $1MM 27 $47,965,000 $1,776,481

    Spirit Lake's loan sizing saw the bucket of loans from $200k-400k with 201 originations, totaling $55,045,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 205 $72,955,000 $355,878
    60-80% 181 $67,685,000 $373,950
    40-60% 99 $26,045,000 $263,081
    Under 20% 90 $6,270,000 $69,667
    20-40% 84 $18,790,000 $223,690
    Over 100% 2 $720,000 $360,000

    Spirit Lake's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 205 originations, totaling $72,955,000 in origination value.