Wahpeton Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Wahpeton averaged 6.57% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

The average rate for the prior week (2024-04-04) was 6.71% and one month ago for the week of 2024-03-07, the average rate was 6.67%.

Wahpeton's average rate one year ago was 6.27%.

For refis of the same type during the week of 2024-04-11, the average rate was 6.88%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-04-11 6.88%
Wahpeton 30 Year Fixed Rate 2024-04-11 6.57%
Wahpeton 30 Year Fixed Rate Refi 2024-04-11 6.88%
Wahpeton 15 Year Fixed Rate 2024-04-11 6.36%
Wahpeton 15 Year Fixed Rate Refi 2024-04-11 6.06%
Wahpeton 30 Year FHA 2024-04-11 6.54%
Wahpeton 30 Year FHA Refi 2024-04-11 6.74%
Wahpeton 30 Year USDA 2024-04-11 6.51%
Wahpeton 30 Year USDA Refi 2024-04-11 6.61%
Wahpeton 30 Year VA 2024-04-11 6.37%
Wahpeton 30 Year VA Refi 2024-04-11 6.67%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Wahpeton, ND-MN.

Wahpeton 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 Wahpeton, ND-MN 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
FIRST COMMUNITY CREDIT UNION 17 6.44% $4,573
Bremer Bank 16 6.44% $5,514
Gate City Bank 15 6.18% $6,113
Bell Bank 13 6.83% $4,011
UNITED WHOLESALE MORTGAGE, LLC 12 6.86% $5,944
VALLEY MORTGAGE, INC. 4 6.77% $3,506
QUICKEN LOANS, LLC 4 7.12% $8,935
Tradition Mortgage, LLC 2 6.44% $3,789
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.88% $4,479
Plains Commerce Bank 2 6.75% $7,142
First International Bank & Trust 2 6.50% $3,655
First Western Bank & Trust 2 5.25% $7,121
Century Mortgage Company DBA Century Lending Company 2 6.88% $3,308
U.S. Bank 2 6.94% $3,132
Western State Bank 1 7.00% $3,172
AFFINITY PLUS 1 6.88% $3,152
ZILLOW HOME LOANS, LLC 1 6.88% $5,263
Alerus Financial 1 8.13% $0
CAPITAL CREDIT UNION 1 7.63% $4,088
Choice Financial Group 1 6.00% $5,472
COMPEER FINANCIAL, FLCA 1 8.63% $4,972
Deere Employees Credit Union 1 7.63% $3,039
GREAT RIVER FEDERAL CREDIT UNION 1 5.49% $6,292
Nations Lending Corporation 1 6.60% $3,435
NEWREZ LLC 1 6.99% $12,791
ON Q FINANCIAL, INC. 1 6.99% $1,556
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $4,766
THRIVENT Federal Credit Union 1 6.63% $5,503
TOWN AND COUNTRY Credit Union 1 6.50% $5,036
Wells Fargo Bank 1 6.88% $2,701

Wahpeton Average Closing Costs & Other Stats

Wahpeton, ND-MN's 30 lenders originated 408 loans during 2023. The total origination value was $66,840,000, with an average loan value of $163,824.

Wahpeton's average closing costs are $4,676.

The top Wahpeton lender as defined by loan originations is FIRST COMMUNITY CREDIT UNION, with 17 loans originated. Their average total fees are $4,573, which is $941 lower than the next largest lender, Bremer Bank.

The lowest fee Wahpeton lenders (with over 10 loans originated) are Bell Bank ($4,011), FIRST COMMUNITY CREDIT UNION ($4,573), Bremer Bank ($5,514), UNITED WHOLESALE MORTGAGE, LLC ($5,944) and Gate City Bank ($6,113).

The lowest rate Wahpeton lenders (with over 10 loans originated) are Gate City Bank (6.18%), Bremer Bank (6.44%), FIRST COMMUNITY CREDIT UNION (6.44%), Bell Bank (6.83%) and UNITED WHOLESALE MORTGAGE, LLC (6.86%).

Wahpeton, ND-MN 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
Gate City Bank $13,870,000 $10,270,000 -26.0% 15.4%
Bell Bank $14,765,000 $7,100,000 -51.9% 10.6%
Bremer Bank $6,325,000 $6,955,000 10.0% 10.4%
UNITED WHOLESALE MORTGAGE, LLC $12,200,000 $6,425,000 -47.3% 9.6%
FIRST COMMUNITY CREDIT UNION $10,450,000 $4,605,000 -55.9% 6.9%
Union State Bank of Fargo $25,000 $2,910,000 11,540.0% 4.4%
American Federal Bank $715,000 $2,830,000 295.8% 4.2%
QUICKEN LOANS, LLC $3,740,000 $2,560,000 -31.6% 3.8%
JONES LANG LASALLE MULTIFAMILY, LLC $2,035,000 n/a 3.0%
U.S. Bank $905,000 $1,740,000 92.3% 2.6%
Midwest Bank $1,250,000 $1,190,000 -4.8% 1.8%
Choice Financial Group $315,000 $1,100,000 249.2% 1.6%
NEWREZ LLC $185,000 $1,095,000 491.9% 1.6%
TOWN AND COUNTRY Credit Union $2,240,000 $1,030,000 -54.0% 1.5%
First International Bank & Trust $840,000 $1,010,000 20.2% 1.5%
First Western Bank & Trust $685,000 $955,000 39.4% 1.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $440,000 $935,000 112.5% 1.4%
VALLEY MORTGAGE, INC. $580,000 $930,000 60.3% 1.4%
VISIONBank $95,000 $780,000 721.1% 1.2%
Mortgage Research Center, LLC $190,000 $775,000 307.9% 1.2%
Plains Commerce Bank $715,000 n/a 1.1%
Century Mortgage Company DBA Century Lending Company $860,000 $700,000 -18.6% 1.0%
FREEDOM MORTGAGE CORPORATION $1,000,000 $555,000 -44.5% 0.8%
Nations Lending Corporation $225,000 $395,000 75.6% 0.6%
AMERISAVE MORTGAGE CORPORATION $645,000 $370,000 -42.6% 0.6%
AFFINITY PLUS $125,000 $355,000 184.0% 0.5%
Tradition Mortgage, LLC $375,000 $340,000 -9.3% 0.5%
GREAT RIVER FEDERAL CREDIT UNION $335,000 n/a 0.5%
PLAZA HOME MORTGAGE, INC. $215,000 $320,000 48.8% 0.5%
Alerus Financial $105,000 $305,000 190.5% 0.5%
CAPITAL CREDIT UNION $410,000 $295,000 -28.0% 0.4%
AgCountry Farm Credit Services, FLCA $375,000 $250,000 -33.3% 0.4%
American Mortgage & Equity Consultants, Inc. $250,000 n/a 0.4%
Wells Fargo Bank $2,060,000 $245,000 -88.1% 0.4%
Cornerstone Bank $65,000 $240,000 269.2% 0.4%
Deere Employees Credit Union $175,000 $235,000 34.3% 0.4%
First Savings Bank $320,000 $235,000 -26.6% 0.4%
COMPEER FINANCIAL, FLCA $255,000 $225,000 -11.8% 0.3%
The Federal Savings Bank $225,000 n/a 0.3%
THRIVENT Federal Credit Union $225,000 n/a 0.3%
Starion Bank $215,000 n/a 0.3%
LOANDEPOT.COM, LLC $1,125,000 $195,000 -82.7% 0.3%
ON Q FINANCIAL, INC. $450,000 $195,000 -56.7% 0.3%
ST. CLOUD FINANCIAL $195,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $260,000 $185,000 -28.8% 0.3%
BMO Harris Bank $175,000 n/a 0.3%
GUARANTEED RATE, INC. $925,000 $175,000 -81.1% 0.3%
BANKWEST, INC. $165,000 n/a 0.2%
TOP FLITE FINANCIAL, INC. $155,000 n/a 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $135,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $95,000 n/a 0.1%
RAILWAY CREDIT UNION $85,000 n/a 0.1%
Western State Bank $340,000 $85,000 -75.0% 0.1%
ZILLOW HOME LOANS, LLC $85,000 n/a 0.1%
Discover Bank $75,000 n/a 0.1%
Signature Federal Credit Union $75,000 n/a 0.1%
American National Bank of Minnesota $70,000 n/a 0.1%
Figure Lending LLC $40,000 $70,000 75.0% 0.1%
CENTRAL MINNESOTA Credit Union $385,000 $65,000 -83.1% 0.1%
STAR USA FEDERAL CREDIT UNION $45,000 n/a 0.1%
NAVY FEDERAL CREDIT UNION $25,000 n/a 0.0%

Wahpeton's top lender by overall market share is Gate City Bank, with 15.4% market share. In second place, with 10.6%, is Bell Bank, having originated $7,100,000 in loans. In third place, with 10.4%, is Bremer Bank, having originated $6,955,000 in loans. In fourth place, with 9.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,425,000 in loans. In fifth place, with 6.9%, is FIRST COMMUNITY CREDIT UNION, having originated $4,605,000 in loans.


Wahpeton Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Wahpeton (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 $145,900 (32.8%) $159,725 (-13.6%) 0.00 56
2018-02-01 $149,450 (14.3%) $172,631 (-22.0%) 0.00 56
2018-03-01 $141,400 (0.2%) $161,419 (-29.3%) 0.00 56
2018-04-01 $159,650 (12.5%) $189,131 (-11.8%) 0.00 53
2018-05-01 $175,400 (18.3%) $194,413 (-6.5%) 0.00 59
2018-06-01 $172,400 (15.0%) $199,316 (-3.4%) 0.00 74
2018-07-01 $169,900 (13.3%) $201,289 (-0.8%) 0.00 70
2018-08-01 $161,900 (13.3%) $195,798 (1.5%) 0.00 72
2018-09-01 $159,900 (6.7%) $187,980 (-5.4%) 0.00 75
2018-10-01 $164,900 (10.5%) $192,863 (-3.1%) 0.00 72
2018-11-01 $163,675 (13.1%) $188,324 (-3.9%) 0.00 70
2018-12-01 $155,900 (8.3%) $185,117 (17.0%) 0.00 70
2019-01-01 $155,400 (6.5%) $174,371 (9.2%) 0.00 72
2019-02-01 $155,650 (4.2%) $178,611 (3.5%) 0.00 64
2019-03-01 $157,186 (11.2%) $179,657 (11.3%) 0.00 58
2019-04-01 $160,186 (0.3%) $180,022 (-4.8%) 0.00 50
2019-05-01 $168,900 (-3.7%) $183,552 (-5.6%) 0.00 52
2019-06-01 $179,450 (4.1%) $194,070 (-2.6%) 0.00 69
2019-07-01 $172,450 (1.5%) $195,388 (-2.9%) 0.00 73
2019-08-01 $183,573 (13.4%) $203,901 (4.1%) 0.00 74
2019-09-01 $192,757 (20.6%) $210,630 (12.1%) 0.00 72
2019-10-01 $202,450 (22.8%) $215,716 (11.9%) 0.00 69
2019-11-01 $176,950 (8.1%) $199,696 (6.0%) 0.00 54
2019-12-01 $177,400 (13.8%) $197,619 (6.8%) 0.00 45
2020-01-01 $161,175 (3.7%) $188,925 (8.4%) 0.00 36
2020-02-01 $162,400 (4.3%) $190,717 (6.8%) 0.00 29
2020-03-01 $179,175 (14.0%) $198,581 (10.5%) 0.00 34
2020-04-01 $185,450 (15.8%) $213,218 (18.4%) 0.00 35
2020-05-01 $154,900 (-8.3%) $189,952 (3.5%) 0.00 42
2020-06-01 $154,400 (-14.0%) $184,595 (-4.9%) 0.00 43
2020-07-01 $175,150 (1.6%) $198,343 (1.5%) 0.00 41
2020-08-01 $189,000 (3.0%) $221,649 (8.7%) 0.00 48
2020-09-01 $187,975 (-2.5%) $220,710 (4.8%) 0.00 46
2020-10-01 $223,450 (10.4%) $232,671 (7.9%) 0.00 40
2020-11-01 $203,175 (14.8%) $231,679 (16.0%) 0.00 39
2020-12-01 $149,900 (-15.5%) $219,653 (11.2%) 0.00 38
2021-01-01 $125,000 (-22.4%) $212,592 (12.5%) 0.00 33
2021-02-01 $149,925 (-7.7%) $197,904 (3.8%) 0.00 30
2021-03-01 $172,900 (-3.5%) $202,040 (1.7%) 0.00 24
2021-04-01 $202,400 (9.1%) $217,372 (2.0%) 0.00 23
2021-05-01 $233,750 (50.9%) $227,066 (19.5%) 0.00 26
2021-06-01 $231,200 (49.7%) $223,152 (20.9%) 0.00 35
2021-07-01 $251,700 (43.7%) $251,441 (26.8%) 0.00 34
2021-08-01 $257,275 (36.1%) $260,758 (17.6%) 0.00 31
2021-09-01 $247,400 (31.6%) $253,791 (15.0%) 0.00 34
2021-10-01 $239,150 (7.0%) $228,838 (-1.7%) 0.00 40
2021-11-01 $238,050 (17.2%) $221,875 (-4.2%) 0.00 37
2021-12-01 $222,825 (48.7%) $210,468 (-4.2%) 0.00 38
2022-01-01 $229,950 (84.0%) $212,382 (-0.1%) 0.00 34
2022-02-01 $254,925 (70.0%) $262,063 (32.4%) 0.00 35
2022-03-01 $259,950 (50.4%) $258,963 (28.2%) 0.00 36
2022-04-01 $251,000 (24.0%) $269,483 (24.0%) 0.00 33
2022-05-01 $286,975 (22.8%) $276,048 (21.6%) 0.00 36
2022-06-01 $270,500 (17.0%) $248,788 (11.5%) 0.00 48
2022-07-01 $270,500 (7.5%) $254,409 (1.2%) 0.00 48
2022-08-01 $256,750 (-0.2%) $266,815 (2.3%) 0.00 50
2022-09-01 $256,750 (3.8%) $253,750 (0.0%) 0.00 49
2022-10-01 $254,900 (6.6%) $257,189 (12.4%) 0.00 50
2022-11-01 $238,175 (0.1%) $254,988 (14.9%) 0.00 49
2022-12-01 $266,000 (19.4%) $268,772 (27.7%) 0.00 46
2023-01-01 $271,244 (18.0%) $263,694 (24.2%) 0.00 44
2023-02-01 $286,519 (12.4%) $280,520 (7.0%) 0.00 41
2023-03-01 $288,944 (11.2%) $287,301 (10.9%) 0.00 42
2023-04-01 $299,500 (19.3%) $313,716 (16.4%) 0.00 39
2023-05-01 $297,606 (3.7%) $295,336 (7.0%) 0.00 45
2023-06-01 $319,900 (18.3%) $324,267 (30.3%) 0.00 50
2023-07-01 $324,900 (20.1%) $336,114 (32.1%) 0.00 51
2023-08-01 $297,350 (15.8%) $308,164 (15.5%) 0.00 64
2023-09-01 $339,900 (32.4%) $342,195 (34.9%) 0.00 64
2023-10-01 $357,400 (40.2%) $351,016 (36.5%) 0.00 64
2023-11-01 $429,900 (80.5%) $362,207 (42.1%) 0.00 63
2023-12-01 $399,900 (50.3%) $349,913 (30.2%) 0.00 55
2024-01-01 $369,950 (36.4%) $351,888 (33.5%) 0.00 62
2024-02-01 $349,225 (21.9%) $340,576 (21.4%) 0.00 69
2024-03-01 $409,900 (41.9%) $357,222 (24.3%) 0.00 66
Wahpeton's median listing price for 2024-03-01 was $409,900, a difference of $120,956 (41.9%) versus the prior year and $60,675 versus the prior month.

Wahpeton's median listing price comes in at 0% of the national average.

Wahpeton's average listing price for 2024-03-01 was $357,222, a difference of $69,921 (24.3%) versus the prior year and $16,646 versus the prior month.

For the 2024-03-01 period, Wahpeton had 66 MLS listings, a difference of -3 listings (-4%) versus the prior month and 24 listings (57%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Wahpeton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,600 sqft
2018-02-01 0 days 1,595 sqft
2018-03-01 0 days 1,660 sqft
2018-04-01 0 days 1,936 sqft
2018-05-01 0 days 2,020 sqft
2018-06-01 0 days 2,023 sqft
2018-07-01 0 days 2,030 sqft
2018-08-01 0 days 1,861 sqft
2018-09-01 0 days 1,861 sqft
2018-10-01 0 days 1,872 sqft
2018-11-01 0 days 1,962 sqft
2018-12-01 0 days 2,235 sqft
2019-01-01 0 days 2,096 sqft
2019-02-01 0 days 2,122 sqft
2019-03-01 0 days 2,115 sqft
2019-04-01 0 days 2,140 sqft
2019-05-01 0 days 2,336 sqft
2019-06-01 0 days 2,392 sqft
2019-07-01 0 days 2,370 sqft
2019-08-01 0 days 2,470 sqft
2019-09-01 0 days 2,475 sqft
2019-10-01 0 days 2,498 sqft
2019-11-01 0 days 2,450 sqft
2019-12-01 0 days 2,443 sqft
2020-01-01 0 days 2,450 sqft
2020-02-01 0 days 2,516 sqft
2020-03-01 0 days 2,497 sqft
2020-04-01 0 days 2,600 sqft
2020-05-01 0 days 2,256 sqft
2020-06-01 0 days 2,303 sqft
2020-07-01 0 days 2,316 sqft
2020-08-01 0 days 2,370 sqft
2020-09-01 0 days 2,457 sqft
2020-10-01 0 days 2,468 sqft
2020-11-01 0 days 2,343 sqft
2020-12-01 0 days 2,168 sqft
2021-01-01 0 days 2,115 sqft
2021-02-01 0 days 2,148 sqft
2021-03-01 0 days 2,156 sqft
2021-04-01 0 days 2,469 sqft
2021-05-01 0 days 2,428 sqft
2021-06-01 0 days 2,202 sqft
2021-07-01 0 days 2,202 sqft
2021-08-01 0 days 2,202 sqft
2021-09-01 0 days 2,108 sqft
2021-10-01 0 days 2,070 sqft
2021-11-01 0 days 2,162 sqft
2021-12-01 0 days 2,075 sqft
2022-01-01 0 days 2,086 sqft
2022-02-01 0 days 2,366 sqft
2022-03-01 0 days 2,334 sqft
2022-04-01 0 days 2,182 sqft
2022-05-01 0 days 2,253 sqft
2022-06-01 0 days 2,258 sqft
2022-07-01 0 days 2,358 sqft
2022-08-01 0 days 2,350 sqft
2022-09-01 0 days 2,316 sqft
2022-10-01 0 days 2,310 sqft
2022-11-01 0 days 2,319 sqft
2022-12-01 0 days 2,292 sqft
2023-01-01 0 days 2,310 sqft
2023-02-01 0 days 2,360 sqft
2023-03-01 0 days 2,360 sqft
2023-04-01 0 days 2,360 sqft
2023-05-01 0 days 2,365 sqft
2023-06-01 0 days 2,433 sqft
2023-07-01 0 days 2,432 sqft
2023-08-01 0 days 2,376 sqft
2023-09-01 0 days 2,366 sqft
2023-10-01 0 days 2,386 sqft
2023-11-01 0 days 2,360 sqft
2023-12-01 0 days 2,194 sqft
2024-01-01 0 days 2,184 sqft
2024-02-01 0 days 2,084 sqft
2024-03-01 0 days 1,990 sqft
Wahpeton's median listing age (time on market) for 2024-03-01 was 0 days.

Wahpeton's median square footage for active listings during the 2024-03-01 period was 1,990 sqft. One year prior, the average listing was 2,360 sqft.

Wahpeton, ND-MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 193 $42,315,000 $219,249
Home Improvement 88 $5,500,000 $62,500
Cash Out Refi 45 $9,515,000 $211,444
Other 44 $2,390,000 $54,318
Refi 38 $7,120,000 $187,368

Wahpeton's most frequently cited loan purpose was Home Purchase, with 193 originations. The 2nd most popular reason was Home Improvement, with 88 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 145 $25,095,000 $173,069
7-8% 78 $9,890,000 $126,795
Over 8% 71 $6,485,000 $91,338
5-6% 58 $12,570,000 $216,724
3-4% 18 $860,000 $47,778
2.5-3% 12 $310,000 $25,833
4-5% 4 $3,010,000 $752,500
<2.5% 1 $505,000 $505,000

During 2023, Wahpeton's most frequently originated rate bucket was 6-7%, with 145 originations.

Loan Sizing (Wahpeton, ND-MN MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 178 $8,990,000 $50,506
$100k-200k 118 $17,300,000 $146,610
$200k-400k 90 $23,530,000 $261,444
$400k-600k 13 $6,325,000 $486,538
$600k-1000k 5 $3,185,000 $637,000
$Over $1MM 4 $7,510,000 $1,877,500

Wahpeton's loan sizing saw the bucket of loans from $100,000 or less with 178 originations, totaling $8,990,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 135 $28,985,000 $214,704
Under 20% 82 $2,970,000 $36,220
60-80% 64 $13,760,000 $215,000
20-40% 63 $5,195,000 $82,460
40-60% 39 $6,245,000 $160,128
Over 100% 6 $1,590,000 $265,000

Wahpeton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 135 originations, totaling $28,985,000 in origination value.