Spirit Lake Mortgage Rates & Closing Costs

  • JUMP TO:
  • 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 6.71% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.59% and one month ago for the week of 2024-03-14, the average rate was 6.65%.

    Spirit Lake's average rate one year ago was 6.08%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.1%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Spirit Lake 30 Year Fixed Rate 2024-04-18 6.71%
    Spirit Lake 30 Year Fixed Rate Refi 2024-04-18 7.1%
    Spirit Lake 15 Year Fixed Rate 2024-04-18 6.49%
    Spirit Lake 15 Year Fixed Rate Refi 2024-04-18 6.39%
    Spirit Lake 30 Year FHA 2024-04-18 6.76%
    Spirit Lake 30 Year FHA Refi 2024-04-18 6.96%
    Spirit Lake 30 Year USDA 2024-04-18 6.76%
    Spirit Lake 30 Year USDA Refi 2024-04-18 6.66%
    Spirit Lake 30 Year VA 2024-04-18 6.76%
    Spirit Lake 30 Year VA Refi 2024-04-18 6.66%
    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
    Spirit Lake's median listing price for 2024-03-01 was $380,270, a difference of $55,770 (17.2%) versus the prior year and $3,240 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 2024-03-01 was $573,647, a difference of $-85,135 (-12.9%) versus the prior year and $-15,518 versus the prior month.

    For the 2024-03-01 period, Spirit Lake had 105 MLS listings, a difference of 17 listings (19%) versus the prior month and 21 listings (25%) 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
    Spirit Lake's median listing age (time on market) for 2024-03-01 was 0 days.

    Spirit Lake's median square footage for active listings during the 2024-03-01 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 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.