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