Wahpeton Mortgage Rates

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  • Trends
  • Rates vs. Fees
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  • Market Share
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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Wahpeton averaged 5.97% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

    The average rate for the prior week (2022-06-16) was 6.04% and one month ago for the week of 2022-05-19, the average rate was 5.31%.

    Wahpeton's average rate one year ago was 2.8%.

    For refis of the same type during the week of 2022-06-23, the average rate was 6.02%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-23 5.81%
    Wahpeton 30 Year Fixed Rate 2022-06-23 5.97%
    Wahpeton 30 Year Fixed Rate Refi 2022-06-23 6.02%
    Wahpeton 15 Year Fixed Rate 2022-06-23 5.12%
    Wahpeton 15 Year Fixed Rate Refi 2022-06-23 5.28%
    Wahpeton 30 Year FHA 2022-06-23 0%
    Wahpeton 30 Year FHA Refi 2022-06-23 0.03%
    Wahpeton 30 Year USDA 2022-06-23 -0.01%
    Wahpeton 30 Year USDA Refi 2022-06-23 -0.22%
    Wahpeton 30 Year VA 2022-06-23 -0.05%
    Wahpeton 30 Year VA Refi 2022-06-23 -0.47%
    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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Bell Bank 59 3.08% $2,800
    Gate City Bank 49 2.83% $4,566
    Bremer Bank 38 3.11% $4,129
    UNITED WHOLESALE MORTGAGE, LLC 28 3.06% $4,237
    FIRST COMMUNITY CREDIT UNION 27 2.99% $3,899
    QUICKEN LOANS, LLC 16 3.10% $4,576
    CALIBER HOME LOANS, INC. 9 3.02% $4,502
    Wells Fargo Bank 7 3.20% $3,827
    First International Bank & Trust 5 2.85% $2,353
    U.S. Bank 5 2.94% $2,623
    CAPITAL CREDIT UNION 4 2.72% $5,443
    TOWN AND COUNTRY Credit Union 3 2.88% $4,459
    LOANDEPOT.COM, LLC 3 3.13% $3,267
    Servion, Inc. 3 3.38% $4,014
    VALLEY MORTGAGE, INC. 3 2.63% $3,312
    Western State Bank 3 3.21% $2,437
    Deere Employees Credit Union 2 2.94% $2,979
    Merchants Bank 2 3.46% $4,375
    First Western Bank & Trust 2 2.87% $3,955
    Alerus Financial 2 2.75% $2,638
    Bank of the West 2 3.38% $3,564
    FREEDOM MORTGAGE CORPORATION 2 3.50% $1,344
    WINGS FINANCIAL 1 3.25% $2,738
    Baxter Credit Union 1 3.00% $2,558
    BROKER SOLUTIONS, INC. 1 2.88% $2,796
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.88% $2,972
    COMPEER FINANCIAL, FLCA 1 3.13% $2,643
    CORTRUST MORTGAGE, INC. 1 3.00% $5,410
    CRESCENT MORTGAGE COMPANY 1 2.75% $7,417
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.30% $3,683
    First Savings Bank 1 3.50% $5,292
    Frandsen Bank & Trust 1 2.75% $5,884
    GUILD MORTGAGE COMPANY 1 3.38% $3,688
    HOME POINT FINANCIAL CORPORATION 1 3.13% $2,351
    JPMorgan Chase Bank 1 3.13% $5,455
    MOVEMENT MORTGAGE, LLC 1 3.13% $5,239
    Mr. Cooper ( Nationstar Mortgage ) 1 3.25% $2,456
    ON Q FINANCIAL, INC. 1 3.50% $3,063
    PNC Bank 1 3.13% $3,166
    Starion Bank 1 2.38% $2,399
    AFFINITY PLUS 1 3.00% $2,515

    Wahpeton, ND-MN's 41 lenders originated 782 loans during 2021. The total origination value was $139,370,000, with an average loan value of $178,223.

    The top Wahpeton lender as defined by loan originations is Bell Bank, with 59 loans originated. Their average total fees are $2,800, which is $1,766 lower than the next largest lender, Gate City Bank.

    The lowest fee Wahpeton lenders (with over 10 loans originated) are Bell Bank ($2,800), FIRST COMMUNITY CREDIT UNION ($3,899), Bremer Bank ($4,129), UNITED WHOLESALE MORTGAGE, LLC ($4,237) and Gate City Bank ($4,566).

    The lowest rate Wahpeton lenders (with over 10 loans originated) are Gate City Bank (2.83%), FIRST COMMUNITY CREDIT UNION (2.99%), UNITED WHOLESALE MORTGAGE, LLC (3.06%), Bell Bank (3.08%) and QUICKEN LOANS, LLC (3.10%).

    Wahpeton, ND-MN Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Bell Bank $22,995,000 $25,710,000 11.8% 18.4%
    Gate City Bank $15,960,000 $18,840,000 18.0% 13.5%
    Bremer Bank $27,060,000 $15,825,000 -41.5% 11.4%
    UNITED WHOLESALE MORTGAGE, LLC $4,400,000 $9,385,000 113.3% 6.7%
    FIRST COMMUNITY CREDIT UNION $9,200,000 $7,745,000 -15.8% 5.6%
    QUICKEN LOANS, LLC $4,300,000 $5,635,000 31.0% 4.0%
    American Federal Bank $2,295,000 $4,375,000 90.6% 3.1%
    First International Bank & Trust $3,000,000 $3,635,000 21.2% 2.6%
    TOWN AND COUNTRY Credit Union $2,525,000 $3,235,000 28.1% 2.3%
    Wells Fargo Bank $3,305,000 $3,195,000 -3.3% 2.3%
    U.S. Bank $4,305,000 $3,170,000 -26.4% 2.3%
    CALIBER HOME LOANS, INC. $2,520,000 $2,925,000 16.1% 2.1%
    ORIX REAL ESTATE CAPITAL, LLC $2,775,000 n/a 2.0%
    VALLEY MORTGAGE, INC. $1,520,000 $2,385,000 56.9% 1.7%
    HOME POINT FINANCIAL CORPORATION $1,950,000 n/a 1.4%
    Mortgage Research Center, LLC $175,000 $1,850,000 957.1% 1.3%
    LOANDEPOT.COM, LLC $590,000 $1,775,000 200.8% 1.3%
    FREEDOM MORTGAGE CORPORATION $2,125,000 $1,770,000 -16.7% 1.3%
    CAPITAL CREDIT UNION $565,000 $1,725,000 205.3% 1.2%
    Western State Bank $2,175,000 $1,520,000 -30.1% 1.1%
    AgCountry Farm Credit Services, FLCA $205,000 $1,315,000 541.5% 0.9%
    Midwest Bank $2,835,000 $1,235,000 -56.4% 0.9%
    Alerus Financial $1,205,000 $1,040,000 -13.7% 0.7%
    Choice Financial Group $2,685,000 $855,000 -68.2% 0.6%
    First Western Bank & Trust $770,000 n/a 0.6%
    AFFINITY PLUS $395,000 $730,000 84.8% 0.5%
    Bank of the West $1,455,000 $695,000 -52.2% 0.5%
    Servion, Inc. $800,000 $620,000 -22.5% 0.4%
    Merchants Bank $360,000 $615,000 70.8% 0.4%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $895,000 $585,000 -34.6% 0.4%
    First Savings Bank $1,030,000 $505,000 -51.0% 0.4%
    NEWREZ LLC $495,000 n/a 0.4%
    Great Western Bank $485,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $500,000 $460,000 -8.0% 0.3%
    BROKER SOLUTIONS, INC. $445,000 n/a 0.3%
    LAKEVIEW LOAN SERVICING, LLC $155,000 $430,000 177.4% 0.3%
    Bank Forward $195,000 $420,000 115.4% 0.3%
    GUARANTEED RATE, INC. $410,000 n/a 0.3%
    COMPEER FINANCIAL, FLCA $375,000 n/a 0.3%
    CRESCENT MORTGAGE COMPANY $115,000 $375,000 226.1% 0.3%
    Union State Bank of Fargo $375,000 n/a 0.3%
    Starion Bank $225,000 $370,000 64.4% 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $370,000 $340,000 -8.1% 0.2%
    JPMorgan Chase Bank $95,000 $340,000 257.9% 0.2%
    CORTRUST MORTGAGE, INC. $325,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $185,000 $310,000 67.6% 0.2%
    BETTER MORTGAGE CORPORATION $125,000 $295,000 136.0% 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $285,000 n/a 0.2%
    First Guaranty Mortgage Corporation $265,000 n/a 0.2%
    Frandsen Bank & Trust $265,000 n/a 0.2%
    Century Mortgage Company DBA Century Lending Company $255,000 n/a 0.2%
    First PREMIER Bank $165,000 $255,000 54.5% 0.2%
    PNC Bank $255,000 n/a 0.2%
    USAA Federal Savings Bank $400,000 $250,000 -37.5% 0.2%
    GUILD MORTGAGE COMPANY $245,000 n/a 0.2%
    MOVEMENT MORTGAGE, LLC $245,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $245,000 n/a 0.2%
    Baxter Credit Union $235,000 n/a 0.2%
    CENTRAL MINNESOTA Credit Union $220,000 n/a 0.2%
    Deere Employees Credit Union $280,000 $220,000 -21.4% 0.2%
    American Mortgage & Equity Consultants, Inc. $235,000 $215,000 -8.5% 0.2%
    ACADEMY MORTGAGE CORPORATION $175,000 n/a 0.1%
    Truist Bank $175,000 n/a 0.1%
    WINGS FINANCIAL $175,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 n/a 0.1%
    First Federal Bank $145,000 n/a 0.1%
    Barrington Bank & Trust Company, N.A. $405,000 $105,000 -74.1% 0.1%
    ON Q FINANCIAL, INC. $105,000 n/a 0.1%
    Cornerstone Bank $75,000 n/a 0.1%
    Dacotah Bank $380,000 $75,000 -80.3% 0.1%
    Discover Bank $55,000 n/a 0.0%
    BANKWEST, INC. $45,000 $25,000 -44.4% 0.0%

    Wahpeton's top lender by overall market share is Bell Bank, with 18.4% market share. In second place, with 13.5%, is Gate City Bank, having originated $18,840,000 in loans. In third place, with 11.4%, is Bremer Bank, having originated $15,825,000 in loans. In third place, with 6.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $9,385,000 in loans. In third place, with 5.6%, is FIRST COMMUNITY CREDIT UNION, having originated $7,745,000 in loans.

    Wahpeton, ND-MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 335 $66,365,000 $198,104
    Refi 227 $41,425,000 $182,489
    Cash Out Refi 151 $25,795,000 $170,828
    Home Improvement 37 $3,725,000 $100,676
    Other 32 $2,060,000 $64,375

    Wahpeton's most frequently cited loan purpose was Home Purchase, with 335 originations. The 2nd most popular reason was Refi, with 227 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 322 $62,330,000 $193,571
    3-4% 230 $38,040,000 $165,391
    <2.5% 162 $29,870,000 $184,383
    4-5% 29 $2,325,000 $80,172
    5-6% 13 $735,000 $56,538
    6-7% 1 $15,000 $15,000
    7-8% 1 $55,000 $55,000
    Over 8% 1 $15,000 $15,000

    During 2021, Wahpeton's most frequently originated rate bucket was 2.5-3%, with 322 originations.

    Loan Sizing (Wahpeton, ND-MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 324 $46,900,000 $144,753
    $200k-400k 221 $58,585,000 $265,090
    $100,000 or less 203 $12,975,000 $63,916
    $400k-600k 28 $13,040,000 $465,714
    $600k-1000k 3 $2,005,000 $668,333
    $Over $1MM 3 $5,865,000 $1,955,000

    Wahpeton's loan sizing saw the bucket of loans from $100k-200k with 324 originations, totaling $46,900,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 338 $63,920,000 $189,112
    60-80% 226 $44,180,000 $195,487
    40-60% 88 $13,560,000 $154,091
    20-40% 53 $4,225,000 $79,717
    Under 20% 34 $1,250,000 $36,765
    Over 100% 9 $4,405,000 $489,444

    Wahpeton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 338 originations, totaling $63,920,000 in origination value.

    Market Conditions (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 $149,450 (25.7%) $171,977 (-15.4%) 0.00 62
    2018-02-01 $152,400 (9.5%) $187,807 (-15.1%) 0.00 64
    2018-03-01 $147,900 (-4.6%) $173,946 (-32.3%) 0.00 68
    2018-04-01 $163,900 (17.9%) $199,423 (-19.0%) 0.00 63
    2018-05-01 $174,900 (17.4%) $195,792 (-15.4%) 0.00 72
    2018-06-01 $174,900 (16.6%) $201,085 (-14.0%) 0.00 89
    2018-07-01 $174,900 (16.7%) $206,319 (-9.1%) 0.00 80
    2018-08-01 $163,900 (11.5%) $201,480 (-10.7%) 0.00 80
    2018-09-01 $159,900 (6.7%) $194,399 (-18.7%) 0.00 82
    2018-10-01 $165,000 (8.3%) $197,042 (-18.0%) 0.00 81
    2018-11-01 $159,900 (8.1%) $184,355 (-13.1%) 0.00 80
    2018-12-01 $155,900 (7.5%) $178,672 (4.1%) 0.00 99
    2019-01-01 $154,900 (3.7%) $173,081 (0.6%) 0.00 92
    2019-02-01 $158,900 (4.3%) $179,542 (-4.4%) 0.00 63
    2019-03-01 $157,186 (6.3%) $180,720 (3.9%) 0.00 59
    2019-04-01 $157,686 (-3.8%) $182,966 (-8.3%) 0.00 52
    2019-05-01 $164,500 (-6.0%) $183,778 (-6.1%) 0.00 50
    2019-06-01 $179,900 (2.9%) $189,383 (-5.8%) 0.00 65
    2019-07-01 $167,500 (-4.2%) $190,600 (-7.6%) 0.00 69
    2019-08-01 $179,943 (9.8%) $198,424 (-1.5%) 0.00 68
    2019-09-01 $179,993 (12.6%) $198,227 (2.0%) 0.00 68
    2019-10-01 $196,400 (19.0%) $204,701 (3.9%) 0.00 71
    2019-11-01 $160,000 (0.1%) $193,887 (5.2%) 0.00 58
    2019-12-01 $160,000 (2.6%) $190,837 (6.8%) 0.00 47
    2020-01-01 $159,950 (3.3%) $184,228 (6.4%) 0.00 37
    2020-02-01 $159,900 (0.6%) $188,238 (4.8%) 0.00 29
    2020-03-01 $177,000 (12.6%) $196,693 (8.8%) 0.00 34
    2020-04-01 $184,450 (17.0%) $210,477 (15.0%) 0.00 37
    2020-05-01 $159,900 (-2.8%) $189,763 (3.3%) 0.00 42
    2020-06-01 $157,400 (-12.5%) $184,752 (-2.5%) 0.00 43
    2020-07-01 $173,900 (3.8%) $189,845 (-0.4%) 0.00 39
    2020-08-01 $184,900 (2.8%) $204,773 (3.2%) 0.00 47
    2020-09-01 $186,950 (3.9%) $218,466 (10.2%) 0.00 44
    2020-10-01 $229,900 (17.1%) $239,489 (17.0%) 0.00 37
    2020-11-01 $201,450 (25.9%) $217,775 (12.3%) 0.00 39
    2020-12-01 $137,400 (-14.1%) $207,974 (9.0%) 0.00 37
    2021-01-01 $116,900 (-26.9%) $200,711 (9.0%) 0.00 32
    2021-02-01 $147,400 (-7.8%) $195,296 (3.8%) 0.00 29
    2021-03-01 $171,900 (-2.9%) $197,978 (0.7%) 0.00 24
    2021-04-01 $192,450 (4.3%) $196,439 (-6.7%) 0.00 23
    2021-05-01 $225,000 (40.7%) $215,958 (13.8%) 0.00 28
    2021-06-01 $224,950 (42.9%) $214,653 (16.2%) 0.00 36
    2021-07-01 $254,400 (46.3%) $242,951 (28.0%) 0.00 38
    2021-08-01 $252,150 (36.4%) $239,467 (16.9%) 0.00 37
    2021-09-01 $244,900 (31.0%) $232,705 (6.5%) 0.00 36
    2021-10-01 $239,900 (4.4%) $230,492 (-3.8%) 0.00 42
    2021-11-01 $236,200 (17.3%) $224,279 (3.0%) 0.00 40
    2021-12-01 $196,900 (43.3%) $201,887 (-2.9%) 0.00 41
    2022-01-01 $175,000 (49.7%) $197,700 (-1.5%) 0.00 38
    2022-02-01 $245,450 (66.5%) $238,948 (22.4%) 0.00 39
    2022-03-01 $254,900 (48.3%) $252,394 (27.5%) 0.00 39
    2022-04-01 $225,000 (16.9%) $251,746 (28.2%) 0.00 35
    2022-05-01 $266,000 (18.2%) $251,651 (16.5%) 0.00 38
    Wahpeton's median listing price for 2022-05-01 was $266,000, a difference of $41,000 (18.2%) versus the prior year and $41,000 versus the prior month.

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

    Wahpeton's average listing price for 2022-05-01 was $251,651, a difference of $35,693 (16.5%) versus the prior year and $-95 versus the prior month.

    For the 2022-05-01 period, Wahpeton had 38 MLS listings, a difference of 3 listings (9%) versus the prior month and 10 listings (36%) 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 1,700 sqft
    2018-02-01 0 days 1,700 sqft
    2018-03-01 0 days 1,728 sqft
    2018-04-01 0 days 1,987 sqft
    2018-05-01 0 days 2,016 sqft
    2018-06-01 0 days 2,016 sqft
    2018-07-01 0 days 2,035 sqft
    2018-08-01 0 days 1,928 sqft
    2018-09-01 0 days 1,904 sqft
    2018-10-01 0 days 1,865 sqft
    2018-11-01 0 days 1,865 sqft
    2018-12-01 0 days 1,986 sqft
    2019-01-01 0 days 1,892 sqft
    2019-02-01 0 days 1,952 sqft
    2019-03-01 0 days 1,993 sqft
    2019-04-01 0 days 2,041 sqft
    2019-05-01 0 days 2,362 sqft
    2019-06-01 0 days 2,392 sqft
    2019-07-01 0 days 2,364 sqft
    2019-08-01 0 days 2,465 sqft
    2019-09-01 0 days 2,400 sqft
    2019-10-01 0 days 2,436 sqft
    2019-11-01 0 days 2,376 sqft
    2019-12-01 0 days 2,302 sqft
    2020-01-01 0 days 2,450 sqft
    2020-02-01 0 days 2,472 sqft
    2020-03-01 0 days 2,558 sqft
    2020-04-01 0 days 2,666 sqft
    2020-05-01 0 days 2,256 sqft
    2020-06-01 0 days 2,302 sqft
    2020-07-01 0 days 2,303 sqft
    2020-08-01 0 days 2,356 sqft
    2020-09-01 0 days 2,418 sqft
    2020-10-01 0 days 2,496 sqft
    2020-11-01 0 days 2,288 sqft
    2020-12-01 0 days 2,143 sqft
    2021-01-01 0 days 2,115 sqft
    2021-02-01 0 days 2,154 sqft
    2021-03-01 0 days 2,146 sqft
    2021-04-01 0 days 2,313 sqft
    2021-05-01 0 days 2,368 sqft
    2021-06-01 0 days 2,202 sqft
    2021-07-01 0 days 2,167 sqft
    2021-08-01 0 days 2,081 sqft
    2021-09-01 0 days 2,009 sqft
    2021-10-01 0 days 2,182 sqft
    2021-11-01 0 days 2,172 sqft
    2021-12-01 0 days 2,060 sqft
    2022-01-01 0 days 2,048 sqft
    2022-02-01 0 days 2,202 sqft
    2022-03-01 0 days 2,276 sqft
    2022-04-01 0 days 2,124 sqft
    2022-05-01 0 days 2,163 sqft
    Wahpeton's median listing age (time on market) for 2022-05-01 was 0 days.

    Wahpeton's median square footage for active listings during the 2022-05-01 period was 2,163 sqft. One year prior, the average listing was 2,368 sqft.