Spirit Lake Mortgage Rates & Closing Costs
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.