Spirit Lake Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Spirit Lake averaged 7.11% for the week of 2025-05-22, compared to the national average of 6.86% for the same period.

    The average rate for the prior week (2025-05-15) was 6.96% and one month ago for the week of 2025-04-17, the average rate was 6.68%.

    Spirit Lake's average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-05-22, the average rate was 6.86%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-05-22 6.86%
    Spirit Lake 30 Year Fixed Rate 2025-05-22 7.11%
    Spirit Lake 30 Year Fixed Rate Refi 2025-05-22 6.86%
    Spirit Lake 15 Year Fixed Rate 2025-05-22 6.11%
    Spirit Lake 15 Year Fixed Rate Refi 2025-05-22 6.11%
    Spirit Lake 30 Year FHA 2025-05-22 6.41%
    Spirit Lake 30 Year FHA Refi 2025-05-22 6.51%
    Spirit Lake 30 Year USDA 2025-05-22 6.23%
    Spirit Lake 30 Year USDA Refi 2025-05-22 6.53%
    Spirit Lake 30 Year VA 2025-05-22 6.72%
    Spirit Lake 30 Year VA Refi 2025-05-22 6.32%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Northwest Bank 74 6.77% $4,286
    Central Bank 31 6.64% $6,139
    IOWA BANKERS MORTGAGE CORPORATION 13 6.42% $3,467
    Plains Commerce Bank 7 6.55% $7,107
    GREENSTATE CREDIT UNION 6 6.66% $2,303
    UNITED WHOLESALE MORTGAGE, LLC 5 6.95% $9,665
    Wells Fargo Bank 5 6.63% $3,443
    QUICKEN LOANS, LLC 5 6.72% $5,555
    NAVY FEDERAL CREDIT UNION 4 6.25% $4,860
    U.S. Bank 4 6.28% $4,730
    V.I.P. MORTGAGE, INC. 3 6.21% $5,528
    Farm Credit Mid-America, ACA 3 7.13% $8,085
    Luana Savings Bank 2 7.38% $1,753
    AmeriHome Mortgage Company, LLC 2 6.93% $5,317
    Bankers' Bank 2 6.19% $3,216
    Bankers Trust Company 2 7.38% $2,942
    CORNHUSKER BANK 2 7.25% $3,186
    First Dakota National Bank 2 6.86% $10,652
    Great Southern Bank 2 6.75% $3,738
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.88% $7,213
    American Bank & Trust 2 7.00% $16,892
    ROYAL UNITED MORTGAGE LLC 2 7.13% $5,703
    VERIDIAN CREDIT UNION 2 6.06% $2,417
    Goldman Sachs Bank USA 1 5.65% $2,946
    BROKER SOLUTIONS, INC. 1 7.49% $4,577
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $3,088
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 8.13% $9,625
    Armed Forces Bank 1 6.63% $3,617
    Deere Employees Credit Union 1 5.74% $2,884
    Johnson Bank 1 6.85% $3,610
    JPMorgan Chase Bank 1 4.88% $2,898
    American Mortgage & Equity Consultants, Inc. 1 7.13% $3,387
    MEMBERS1st Community Credit Union 1 7.50% $32,889
    Core Bank 1 7.13% $3,225
    NBKC BANK 1 6.38% $2,723
    Community Choice Credit Union 1 6.99% $2,554
    Pinnacle Bank 1 6.99% $3,709
    Charles Schwab Bank, SSB 1 5.75% $4,178
    PLAZA HOME MORTGAGE, INC. 1 7.38% $3,845
    CARDINAL FINANCIAL 1 7.63% $5,707
    Quontic Bank 1 8.75% $12,684
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.50% $4,540
    SIOUX FALLS 1 6.63% $5,155
    SIOUXLAND FEDERAL CREDIT UNION 1 5.88% $14,194
    TOWNE MORTGAGE COMPANY 1 6.25% $6,519
    First International Bank & Trust 1 6.63% $5,406
    First National Bank of Omaha 1 7.00% $3,654
    First PREMIER Bank 1 6.88% $6,195
    Frandsen Bank & Trust 1 8.09% $5,203
    Gateway First Bank 1 7.88% $2,646

    Spirit Lake Average Closing Costs & Other Stats

    Spirit Lake, IA's 50 lenders originated 570 loans during 2024. The total origination value was $196,890,000, with an average loan value of $345,421.

    Spirit Lake's average closing costs are $3,554.

    The top Spirit Lake lender as defined by loan originations is Northwest Bank, with 74 loans originated. Their average total fees are $4,286, which is $1,853 lower than the next largest lender, Central Bank.

    The lowest fee Spirit Lake lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION ($3,467), Northwest Bank ($4,286), Central Bank ($6,139), .

    The lowest rate Spirit Lake lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION (6.42%), Central Bank (6.64%), Northwest Bank (6.77%), .

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    Northwest Bank $44,240,000 $49,110,000 11.0% 24.9%
    Central Bank $24,400,000 $32,170,000 31.8% 16.3%
    First Dakota National Bank $3,235,000 $11,820,000 265.4% 6.0%
    COLLIERS MORTGAGE LLC $9,730,000 n/a 4.9%
    American State Bank $1,315,000 $9,235,000 602.3% 4.7%
    Bankers Trust Company $4,185,000 $5,915,000 41.3% 3.0%
    Bank Midwest $7,175,000 $4,670,000 -34.9% 2.4%
    U.S. Bank $1,340,000 $3,665,000 173.5% 1.9%
    GREENSTATE CREDIT UNION $805,000 $3,190,000 296.3% 1.6%
    IOWA BANKERS MORTGAGE CORPORATION $3,425,000 $3,070,000 -10.4% 1.6%
    American Bank & Trust $1,635,000 $2,975,000 82.0% 1.5%
    Plains Commerce Bank $4,765,000 $2,905,000 -39.0% 1.5%
    Peoples Bank $1,500,000 $2,655,000 77.0% 1.3%
    Security National Bank of South Dakota $2,585,000 n/a 1.3%
    QUICKEN LOANS, LLC $1,370,000 $2,410,000 75.9% 1.2%
    Primebank $2,385,000 $2,175,000 -8.8% 1.1%
    Wells Fargo Bank $880,000 $2,080,000 136.4% 1.1%
    UNITED WHOLESALE MORTGAGE, LLC $255,000 $2,010,000 688.2% 1.0%
    MEMBERS1st Community Credit Union $1,485,000 $2,005,000 35.0% 1.0%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $560,000 $1,685,000 200.9% 0.9%
    Deere Employees Credit Union $465,000 $1,440,000 209.7% 0.7%
    The Security National Bank of Sioux City, Iowa $3,715,000 $1,435,000 -61.4% 0.7%
    City State Bank $3,885,000 $1,305,000 -66.4% 0.7%
    LOANDEPOT.COM, LLC $420,000 $1,295,000 208.3% 0.7%
    SIOUXLAND FEDERAL CREDIT UNION $65,000 $1,285,000 1,876.9% 0.7%
    NAVY FEDERAL CREDIT UNION $265,000 $1,250,000 371.7% 0.6%
    Mortgage Research Center, LLC $1,415,000 $1,235,000 -12.7% 0.6%
    V.I.P. MORTGAGE, INC. $2,635,000 $1,200,000 -54.5% 0.6%
    Farm Credit Mid-America, ACA $205,000 $1,185,000 478.0% 0.6%
    Luana Savings Bank $115,000 $1,060,000 821.7% 0.5%
    AmeriHome Mortgage Company, LLC $470,000 $1,020,000 117.0% 0.5%
    Availa Bank $1,115,000 $1,020,000 -8.5% 0.5%
    United Bank of Iowa $490,000 $985,000 101.0% 0.5%
    PENNYMAC LOAN SERVICES, LLC $910,000 n/a 0.5%
    JPMorgan Chase Bank $2,010,000 $880,000 -56.2% 0.4%
    Frandsen Bank & Trust $850,000 n/a 0.4%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $765,000 n/a 0.4%
    Goldman Sachs Bank USA $755,000 $725,000 -4.0% 0.4%
    Flanagan State Bank $960,000 $695,000 -27.6% 0.4%
    Farmers & Merchants Savings Bank $665,000 n/a 0.3%
    VERIDIAN CREDIT UNION $440,000 $615,000 39.8% 0.3%
    ALLIANT $610,000 n/a 0.3%
    NBKC BANK $585,000 n/a 0.3%
    CORNHUSKER BANK $175,000 $580,000 231.4% 0.3%
    FREEDOM MORTGAGE CORPORATION $125,000 $580,000 364.0% 0.3%
    Johnson Bank $575,000 n/a 0.3%
    First Bank & Trust $1,755,000 $560,000 -68.1% 0.3%
    Midstates Bank $540,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $365,000 $525,000 43.8% 0.3%
    First International Bank & Trust $365,000 $505,000 38.4% 0.3%
    Midwest Heritage Bank FSB $2,175,000 $500,000 -77.0% 0.3%
    GEORGIA'S OWN $465,000 n/a 0.2%
    First National Bank of Omaha $455,000 n/a 0.2%
    CARDINAL FINANCIAL $445,000 n/a 0.2%
    Gateway First Bank $445,000 n/a 0.2%
    Quontic Bank $435,000 n/a 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $345,000 $415,000 20.3% 0.2%
    First PREMIER Bank $375,000 $390,000 4.0% 0.2%
    VILLAGE CAPITAL MORTGAGE $335,000 n/a 0.2%
    Bankers' Bank $320,000 n/a 0.2%
    Core Bank $155,000 $315,000 103.2% 0.2%
    Sierra Pacific Mortgage Company, Inc. $315,000 n/a 0.2%
    Armed Forces Bank $305,000 n/a 0.2%
    Great Southern Bank $300,000 n/a 0.2%
    FIRST COMMUNITY MORTGAGE, INC. $295,000 n/a 0.1%
    Houghton State Bank $325,000 $295,000 -9.2% 0.1%
    NEW DAY FINANCIAL, LLC $295,000 n/a 0.1%
    BROKER SOLUTIONS, INC. $285,000 n/a 0.1%
    Charles Schwab Bank, SSB $265,000 n/a 0.1%
    LONGBRIDGE FINANCIAL, LLC $265,000 n/a 0.1%
    SIOUX FALLS $265,000 n/a 0.1%
    VisionBank of Iowa $235,000 n/a 0.1%
    Community Choice Credit Union $470,000 $230,000 -51.1% 0.1%
    Pinnacle Bank $215,000 n/a 0.1%
    PLAZA HOME MORTGAGE, INC. $245,000 $215,000 -12.2% 0.1%
    American Mortgage & Equity Consultants, Inc. $205,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $195,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $870,000 $195,000 -77.6% 0.1%
    PLANET HOME LENDING, LLC $195,000 n/a 0.1%
    FIRST $100,000 $185,000 85.0% 0.1%
    Flagstar Bank, FSB $380,000 $170,000 -55.3% 0.1%
    Premier Bank $265,000 $165,000 -37.7% 0.1%
    TOWNE MORTGAGE COMPANY $665,000 $165,000 -75.2% 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $155,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $150,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $105,000 n/a 0.1%
    Security Savings Bank $105,000 n/a 0.1%
    Carrington Mortgage Services, LLC $95,000 n/a 0.0%
    Equity Prime Mortgage LLC $95,000 n/a 0.0%
    FIRST COLONY MORTGAGE CORPORATION $95,000 n/a 0.0%
    MID AMERICA MORTGAGE, INC. $95,000 n/a 0.0%
    PNC Bank $55,000 n/a 0.0%
    AMERISAVE MORTGAGE CORPORATION $45,000 n/a 0.0%
    Coastal Community Bank $45,000 n/a 0.0%
    Mr. Cooper ( Nationstar Mortgage ) $285,000 $45,000 -84.2% 0.0%
    Glenwood State Bank $65,000 $5,000 -92.3% 0.0%

    Spirit Lake's top lender by overall market share is Northwest Bank, with 24.9% market share. In second place, with 16.3%, is Central Bank, having originated $32,170,000 in loans. In third place, with 6.0%, is First Dakota National Bank, having originated $11,820,000 in loans. In fourth place, with 4.9%, is COLLIERS MORTGAGE LLC, having originated $9,730,000 in loans. In fifth place, with 4.7%, is American State Bank, having originated $9,235,000 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
    2024-12-01 $379,290 (-4.7%) $717,360 (22.2%) 0.00 149
    2025-01-01 $382,545 (-0.7%) $661,641 (16.2%) 0.00 132
    2025-02-01 $388,100 (2.9%) $715,365 (21.4%) 0.00 129
    2025-03-01 $412,000 (8.3%) $735,038 (28.1%) 0.00 132
    2025-04-01 $444,925 (9.9%) $780,097 (26.9%) 0.00 147
    Spirit Lake's median listing price for 2025-04-01 was $444,925, a difference of $39,975 (9.9%) versus the prior year and $32,925 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 2025-04-01 was $780,097, a difference of $165,491 (26.9%) versus the prior year and $45,059 versus the prior month.

    For the 2025-04-01 period, Spirit Lake had 147 MLS listings, a difference of 15 listings (11%) versus the prior month and 40 listings (37%) 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 1,714 sqft
    2020-06-01 0 days 1,903 sqft
    2020-07-01 0 days 1,948 sqft
    2020-08-01 0 days 1,632 sqft
    2020-09-01 0 days 1,705 sqft
    2020-10-01 0 days 1,495 sqft
    2020-11-01 0 days 1,700 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 1,577 sqft
    2021-07-01 0 days 1,750 sqft
    2021-08-01 0 days 1,487 sqft
    2021-09-01 0 days 1,588 sqft
    2021-10-01 0 days 1,588 sqft
    2021-11-01 0 days 1,578 sqft
    2021-12-01 0 days 1,560 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 1,868 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 1,664 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
    2024-12-01 0 days 1,480 sqft
    2025-01-01 0 days 1,480 sqft
    2025-02-01 0 days 1,536 sqft
    2025-03-01 0 days 1,504 sqft
    2025-04-01 0 days 1,537 sqft
    Spirit Lake's median listing age (time on market) for 2025-04-01 was 0 days.

    Spirit Lake's median square footage for active listings during the 2025-04-01 period was 1,537 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 314 $130,410,000 $415,318
    Refi 90 $30,190,000 $335,444
    Home Improvement 81 $8,475,000 $104,630
    Other 43 $15,635,000 $363,605
    Cash Out Refi 42 $12,180,000 $290,000

    Spirit Lake's most frequently cited loan purpose was Home Purchase, with 314 originations. The 2nd most popular reason was Refi, with 90 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 192 $62,650,000 $326,302
    5-6% 108 $25,290,000 $234,167
    7-8% 101 $49,055,000 $485,693
    Over 8% 95 $23,895,000 $251,526
    4-5% 3 $1,065,000 $355,000
    <2.5% 2 $20,000 $10,000
    3-4% 1 $3,755,000 $3,755,000
    2.5-3% 1 $115,000 $115,000

    During 2024, Spirit Lake's most frequently originated rate bucket was 6-7%, with 192 originations.

    Loan Sizing (Spirit Lake, IA MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 183 $52,375,000 $286,202
    $100,000 or less 142 $6,860,000 $48,310
    $100k-200k 127 $18,395,000 $144,843
    $400k-600k 52 $24,910,000 $479,038
    $600k-1000k 35 $25,435,000 $726,714
    $Over $1MM 31 $68,915,000 $2,223,065

    Spirit Lake's loan sizing saw the bucket of loans from $200k-400k with 183 originations, totaling $52,375,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    60-80% 124 $64,630,000 $521,210
    Under 20% 117 $7,965,000 $68,077
    80-100% 112 $43,400,000 $387,500
    20-40% 72 $12,100,000 $168,056
    40-60% 66 $25,760,000 $390,303
    Over 100% 3 $915,000 $305,000

    Spirit Lake's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 124 originations, totaling $64,630,000 in origination value.