Wahpeton Mortgage Rates

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.