Wahpeton Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Wahpeton averaged 6.18% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6% and one month ago for the week of 2023-04-20, the average rate was 6%.

    Wahpeton's average rate one year ago was 4.76%.

    For refis of the same type during the week of 2023-05-25, the average rate was 6.77%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Wahpeton 30 Year Fixed Rate 2023-05-25 6.18%
    Wahpeton 30 Year Fixed Rate Refi 2023-05-25 6.77%
    Wahpeton 15 Year Fixed Rate 2023-05-25 5.77%
    Wahpeton 15 Year Fixed Rate Refi 2023-05-25 5.97%
    Wahpeton 30 Year FHA 2023-05-25 6.51%
    Wahpeton 30 Year FHA Refi 2023-05-25 6.71%
    Wahpeton 30 Year USDA 2023-05-25 6.53%
    Wahpeton 30 Year USDA Refi 2023-05-25 6.83%
    Wahpeton 30 Year VA 2023-05-25 6.61%
    Wahpeton 30 Year VA Refi 2023-05-25 6.61%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Bell Bank 35 4.73% $4,053
    UNITED WHOLESALE MORTGAGE, LLC 26 5.46% $5,489
    Gate City Bank 22 4.76% $4,751
    Bremer Bank 16 4.62% $3,726
    FIRST COMMUNITY CREDIT UNION 15 4.85% $4,159
    QUICKEN LOANS, LLC 8 5.22% $8,788
    Wells Fargo Bank 7 4.73% $5,120
    TOWN AND COUNTRY Credit Union 6 5.00% $4,966
    CALIBER HOME LOANS, INC. 5 4.90% $3,304
    U.S. Bank 5 4.10% $3,617
    HOME POINT FINANCIAL CORPORATION 4 4.84% $5,529
    LOANDEPOT.COM, LLC 3 5.25% $6,214
    GUARANTEED RATE, INC. 2 5.88% $5,951
    JPMorgan Chase Bank 2 5.06% $3,616
    ON Q FINANCIAL, INC. 2 6.44% $4,357
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.56% $6,258
    VALLEY MORTGAGE, INC. 2 4.50% $1,679
    Western State Bank 2 4.50% $4,468
    CAPITAL CREDIT UNION 2 3.12% $3,653
    First Savings Bank 2 4.75% $3,803
    AMERISAVE MORTGAGE CORPORATION 2 5.06% $3,835
    Bank of the West 2 5.19% $6,154
    Flagstar Bank, FSB 1 5.75% $1,568
    AMERICAN FINANCING CORPORATION 1 3.88% $6,132
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.88% $3,018
    CENTRAL MINNESOTA Credit Union 1 5.25% $7,582
    Century Mortgage Company DBA Century Lending Company 1 5.99% $7,083
    CHERRY CREEK MORTGAGE, LLC 1 5.00% $890
    FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $7,323
    First Dakota National Bank 1 3.25% $2,831
    First International Bank & Trust 1 2.88% $6,455
    ALAMEDA MORTGAGE CORPORATION 1 5.75% $3,469
    FREEDOM MORTGAGE CORPORATION 1 4.25% $5,393
    Merchants Bank 1 4.90% $10,380
    Servion, Inc. 1 5.63% $4,336
    The Huntington National Bank 1 3.50% $3,162

    Wahpeton Average Closing Costs & Other Stats

    Wahpeton, ND-MN's 36 lenders originated 528 loans during 2022. The total origination value was $90,570,000, with an average loan value of $171,534.

    Wahpeton's average closing costs are $4,486.

    The top Wahpeton lender as defined by loan originations is Bell Bank, with 35 loans originated. Their average total fees are $4,053, which is $1,436 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Wahpeton lenders (with over 10 loans originated) are Bremer Bank ($3,726), Bell Bank ($4,053), FIRST COMMUNITY CREDIT UNION ($4,159), Gate City Bank ($4,751) and UNITED WHOLESALE MORTGAGE, LLC ($5,489).

    The lowest rate Wahpeton lenders (with over 10 loans originated) are Bremer Bank (4.62%), Bell Bank (4.73%), Gate City Bank (4.76%), FIRST COMMUNITY CREDIT UNION (4.85%) and UNITED WHOLESALE MORTGAGE, LLC (5.46%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Bell Bank $25,710,000 $14,765,000 -42.6% 16.3%
    Gate City Bank $18,840,000 $13,870,000 -26.4% 15.3%
    UNITED WHOLESALE MORTGAGE, LLC $9,385,000 $12,200,000 30.0% 13.5%
    FIRST COMMUNITY CREDIT UNION $7,745,000 $10,450,000 34.9% 11.5%
    Bremer Bank $15,825,000 $6,325,000 -60.0% 7.0%
    QUICKEN LOANS, LLC $5,635,000 $3,740,000 -33.6% 4.1%
    TOWN AND COUNTRY Credit Union $3,235,000 $2,240,000 -30.8% 2.5%
    HOME POINT FINANCIAL CORPORATION $1,950,000 $2,115,000 8.5% 2.3%
    Wells Fargo Bank $3,195,000 $2,060,000 -35.5% 2.3%
    Midwest Bank $1,235,000 $1,250,000 1.2% 1.4%
    CALIBER HOME LOANS, INC. $2,925,000 $1,200,000 -59.0% 1.3%
    LOANDEPOT.COM, LLC $1,775,000 $1,125,000 -36.6% 1.2%
    FREEDOM MORTGAGE CORPORATION $1,770,000 $1,000,000 -43.5% 1.1%
    GUARANTEED RATE, INC. $410,000 $925,000 125.6% 1.0%
    U.S. Bank $3,170,000 $905,000 -71.5% 1.0%
    Century Mortgage Company DBA Century Lending Company $255,000 $860,000 237.3% 0.9%
    First International Bank & Trust $3,635,000 $840,000 -76.9% 0.9%
    Bank of the West $695,000 $805,000 15.8% 0.9%
    American Federal Bank $4,375,000 $715,000 -83.7% 0.8%
    First Western Bank & Trust $770,000 $685,000 -11.0% 0.8%
    AMERISAVE MORTGAGE CORPORATION $645,000 n/a 0.7%
    Merchants Bank $615,000 $645,000 4.9% 0.7%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $585,000 $640,000 9.4% 0.7%
    FINANCE OF AMERICA MORTGAGE LLC $635,000 n/a 0.7%
    VALLEY MORTGAGE, INC. $2,385,000 $580,000 -75.7% 0.6%
    ON Q FINANCIAL, INC. $105,000 $450,000 328.6% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $340,000 $440,000 29.4% 0.5%
    CAPITAL CREDIT UNION $1,725,000 $410,000 -76.2% 0.5%
    CHERRY CREEK MORTGAGE, LLC $395,000 n/a 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $310,000 $390,000 25.8% 0.4%
    CENTRAL MINNESOTA Credit Union $220,000 $385,000 75.0% 0.4%
    AgCountry Farm Credit Services, FLCA $1,315,000 $375,000 -71.5% 0.4%
    Tradition Mortgage, LLC $375,000 n/a 0.4%
    AMERICAN FINANCING CORPORATION $345,000 n/a 0.4%
    Western State Bank $1,520,000 $340,000 -77.6% 0.4%
    First Savings Bank $505,000 $320,000 -36.6% 0.4%
    Servion, Inc. $620,000 $320,000 -48.4% 0.4%
    Choice Financial Group $855,000 $315,000 -63.2% 0.3%
    PENNYMAC LOAN SERVICES, LLC $460,000 $260,000 -43.5% 0.3%
    COMPEER FINANCIAL, FLCA $375,000 $255,000 -32.0% 0.3%
    JPMorgan Chase Bank $340,000 $230,000 -32.4% 0.3%
    Nations Lending Corporation $225,000 n/a 0.2%
    Bank Forward $420,000 $215,000 -48.8% 0.2%
    M&T Bank $215,000 n/a 0.2%
    PLAZA HOME MORTGAGE, INC. $215,000 n/a 0.2%
    Flagstar Bank, FSB $200,000 n/a 0.2%
    Reliabank Dakota $195,000 n/a 0.2%
    Mortgage Research Center, LLC $1,850,000 $190,000 -89.7% 0.2%
    First Dakota National Bank $185,000 n/a 0.2%
    NEWREZ LLC $495,000 $185,000 -62.6% 0.2%
    21ST MORTGAGE CORPORATION $180,000 n/a 0.2%
    Deere Employees Credit Union $220,000 $175,000 -20.5% 0.2%
    The Huntington National Bank $175,000 n/a 0.2%
    Truist $175,000 $175,000 0.0% 0.2%
    AFFINITY PLUS $730,000 $125,000 -82.9% 0.1%
    Bank of America $125,000 n/a 0.1%
    LEADERONE FINANCIAL CORPORATION $125,000 n/a 0.1%
    PREMIER MORTGAGE RESOURCES, L.L.C. $125,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $115,000 n/a 0.1%
    Alerus Financial $1,040,000 $105,000 -89.9% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $105,000 n/a 0.1%
    VISIONBank $95,000 n/a 0.1%
    ALAMEDA MORTGAGE CORPORATION $85,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $295,000 $65,000 -78.0% 0.1%
    Cornerstone Bank $75,000 $65,000 -13.3% 0.1%
    Figure Lending LLC $40,000 n/a 0.0%
    Union State Bank of Fargo $375,000 $25,000 -93.3% 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%

    Wahpeton's top lender by overall market share is Bell Bank, with 16.3% market share. In second place, with 15.3%, is Gate City Bank, having originated $13,870,000 in loans. In third place, with 13.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $12,200,000 in loans. In fourth place, with 11.5%, is FIRST COMMUNITY CREDIT UNION, having originated $10,450,000 in loans. In fifth place, with 7.0%, is Bremer Bank, having originated $6,325,000 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 $145,400 (32.3%) $159,905 (-13.5%) 0.00 55
    2018-02-01 $149,400 (16.9%) $173,019 (-17.3%) 0.00 55
    2018-03-01 $139,900 (1.0%) $161,623 (-25.3%) 0.00 55
    2018-04-01 $162,150 (16.7%) $189,843 (-6.2%) 0.00 52
    2018-05-01 $177,150 (20.0%) $195,244 (-0.8%) 0.00 58
    2018-06-01 $174,900 (16.7%) $200,109 (1.7%) 0.00 73
    2018-07-01 $172,400 (15.4%) $201,389 (3.7%) 0.00 70
    2018-08-01 $161,900 (13.3%) $195,116 (1.1%) 0.00 72
    2018-09-01 $159,900 (6.7%) $187,324 (-5.9%) 0.00 75
    2018-10-01 $164,900 (10.9%) $192,203 (-3.6%) 0.00 72
    2018-11-01 $163,675 (13.7%) $187,294 (-4.6%) 0.00 70
    2018-12-01 $155,400 (8.8%) $183,657 (16.1%) 0.00 71
    2019-01-01 $151,650 (4.3%) $173,269 (8.4%) 0.00 73
    2019-02-01 $154,900 (3.7%) $176,193 (1.8%) 0.00 66
    2019-03-01 $155,900 (11.4%) $177,872 (10.1%) 0.00 64
    2019-04-01 $156,400 (-3.6%) $178,845 (-5.8%) 0.00 52
    2019-05-01 $164,500 (-7.1%) $180,307 (-7.7%) 0.00 54
    2019-06-01 $174,450 (-0.3%) $191,002 (-4.6%) 0.00 71
    2019-07-01 $168,475 (-2.3%) $192,713 (-4.3%) 0.00 74
    2019-08-01 $180,000 (11.2%) $204,522 (4.8%) 0.00 77
    2019-09-01 $184,125 (15.2%) $205,031 (9.5%) 0.00 71
    2019-10-01 $198,900 (20.6%) $212,381 (10.5%) 0.00 71
    2019-11-01 $176,950 (8.1%) $199,696 (6.6%) 0.00 54
    2019-12-01 $177,400 (14.2%) $197,619 (7.6%) 0.00 45
    2020-01-01 $161,175 (6.3%) $188,925 (9.0%) 0.00 36
    2020-02-01 $162,400 (4.8%) $190,717 (8.2%) 0.00 29
    2020-03-01 $179,175 (14.9%) $198,581 (11.6%) 0.00 34
    2020-04-01 $179,900 (15.0%) $209,688 (17.3%) 0.00 36
    2020-05-01 $153,900 (-6.4%) $187,443 (4.0%) 0.00 43
    2020-06-01 $153,325 (-12.1%) $182,343 (-4.5%) 0.00 44
    2020-07-01 $173,150 (2.8%) $195,619 (1.5%) 0.00 42
    2020-08-01 $189,000 (5.0%) $218,878 (7.0%) 0.00 49
    2020-09-01 $186,950 (1.5%) $217,840 (6.3%) 0.00 47
    2020-10-01 $223,450 (12.3%) $232,671 (9.6%) 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 (12.5%) $217,372 (3.7%) 0.00 23
    2021-05-01 $233,750 (51.9%) $227,066 (21.1%) 0.00 26
    2021-06-01 $231,200 (50.8%) $223,152 (22.4%) 0.00 35
    2021-07-01 $251,700 (45.4%) $251,441 (28.5%) 0.00 34
    2021-08-01 $257,275 (36.1%) $260,758 (19.1%) 0.00 31
    2021-09-01 $247,400 (32.3%) $253,791 (16.5%) 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
    Wahpeton's median listing price for 2023-04-01 was $299,500, a difference of $48,500 (19.3%) versus the prior year and $10,556 versus the prior month.

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

    Wahpeton's average listing price for 2023-04-01 was $313,716, a difference of $44,233 (16.4%) versus the prior year and $26,415 versus the prior month.

    For the 2023-04-01 period, Wahpeton had 39 MLS listings, a difference of -3 listings (-7%) versus the prior month and 6 listings (18%) 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 1,589 sqft
    2018-02-01 0 days 1,583 sqft
    2018-03-01 0 days 1,620 sqft
    2018-04-01 0 days 1,953 sqft
    2018-05-01 0 days 2,027 sqft
    2018-06-01 0 days 2,030 sqft
    2018-07-01 0 days 2,043 sqft
    2018-08-01 0 days 1,905 sqft
    2018-09-01 0 days 1,885 sqft
    2018-10-01 0 days 1,987 sqft
    2018-11-01 0 days 1,970 sqft
    2018-12-01 0 days 2,238 sqft
    2019-01-01 0 days 2,151 sqft
    2019-02-01 0 days 2,207 sqft
    2019-03-01 0 days 2,183 sqft
    2019-04-01 0 days 2,216 sqft
    2019-05-01 0 days 2,315 sqft
    2019-06-01 0 days 2,368 sqft
    2019-07-01 0 days 2,336 sqft
    2019-08-01 0 days 2,439 sqft
    2019-09-01 0 days 2,460 sqft
    2019-10-01 0 days 2,472 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 2,558 sqft
    2020-05-01 0 days 2,268 sqft
    2020-06-01 0 days 2,300 sqft
    2020-07-01 0 days 2,302 sqft
    2020-08-01 0 days 2,363 sqft
    2020-09-01 0 days 2,454 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
    Wahpeton's median listing age (time on market) for 2023-04-01 was 0 days.

    Wahpeton's median square footage for active listings during the 2023-04-01 period was 2,360 sqft. One year prior, the average listing was 2,182 sqft.

    Wahpeton, ND-MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 260 $52,760,000 $202,923
    Cash Out Refi 89 $20,845,000 $234,213
    Refi 82 $11,380,000 $138,780
    Other 49 $2,985,000 $60,918
    Home Improvement 48 $2,600,000 $54,167

    Wahpeton's most frequently cited loan purpose was Home Purchase, with 260 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    4-5% 137 $24,515,000 $178,942
    5-6% 137 $24,205,000 $176,679
    3-4% 118 $22,230,000 $188,390
    6-7% 52 $7,140,000 $137,308
    2.5-3% 36 $6,300,000 $175,000
    <2.5% 15 $2,085,000 $139,000
    7-8% 11 $1,605,000 $145,909
    Over 8% 9 $395,000 $43,889

    During 2022, Wahpeton's most frequently originated rate bucket was 4-5%, with 137 originations.

    Loan Sizing (Wahpeton, ND-MN MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 186 $10,370,000 $55,753
    $100k-200k 185 $26,935,000 $145,595
    $200k-400k 130 $34,060,000 $262,000
    $400k-600k 18 $8,980,000 $498,889
    $600k-1000k 5 $3,475,000 $695,000
    $Over $1MM 4 $6,750,000 $1,687,500

    Wahpeton's loan sizing saw the bucket of loans from $100,000 or less with 186 originations, totaling $10,370,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 215 $44,955,000 $209,093
    60-80% 122 $28,380,000 $232,623
    20-40% 71 $5,355,000 $75,423
    Under 20% 54 $1,900,000 $35,185
    40-60% 48 $6,250,000 $130,208
    Over 100% 4 $1,310,000 $327,500

    Wahpeton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 215 originations, totaling $44,955,000 in origination value.