Wahpeton Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Wahpeton averaged
6.68%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.61% and
one month ago for the week of 2025-05-15, the
average rate was 6.48%.
Wahpeton's average rate one year ago was 6.72%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Wahpeton 30 Year Fixed Rate | 2025-06-18 | 6.68% |
| Wahpeton 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
| Wahpeton 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Wahpeton 15 Year Fixed Rate Refi | 2025-06-18 | 6.36% |
| Wahpeton 30 Year FHA | 2025-06-18 | -0.1% |
| Wahpeton 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Wahpeton 30 Year USDA | 2025-06-18 | -0.2% |
| Wahpeton 30 Year USDA Refi | 2025-06-18 | 0% |
| Wahpeton 30 Year VA | 2025-06-18 | -0.2% |
| Wahpeton 30 Year VA Refi | 2025-06-18 | -0.2% |
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.).
Wahpeton Average Closing Costs & Other Stats
Wahpeton, ND-MN's 30 lenders originated 400
loans during 2024. The total origination value was $70,840,000, with an average loan value of
$177,100.
Wahpeton's average closing costs are $4,840.
The top Wahpeton lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
21 loans originated. Their average total fees are
$5,394, which is $677
higher than the next largest lender,
FIRST COMMUNITY CREDIT UNION.
The lowest fee Wahpeton lenders (with over 10 loans originated) are
Bremer Bank ($3,479), Gate City Bank ($4,488), FIRST COMMUNITY CREDIT UNION ($4,717), Bell Bank ($4,720) and UNITED WHOLESALE MORTGAGE, LLC ($5,394).
The lowest rate Wahpeton lenders (with over 10 loans originated) are
Gate City Bank (6.24%), Bremer Bank (6.37%), FIRST COMMUNITY CREDIT UNION (6.40%), Bell Bank (6.72%) and QUICKEN LOANS, LLC (6.84%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $6,425,000 | $8,370,000 | 30.3% | 11.8% |
| Bell Bank | $7,100,000 | $7,905,000 | 11.3% | 11.2% |
| Gate City Bank | $10,270,000 | $7,135,000 | -30.5% | 10.1% |
| FIRST COMMUNITY CREDIT UNION | $4,605,000 | $6,315,000 | 37.1% | 8.9% |
| Midwest Bank | $1,190,000 | $4,125,000 | 246.6% | 5.8% |
| QUICKEN LOANS, LLC | $2,560,000 | $3,925,000 | 53.3% | 5.5% |
| Bremer Bank | $6,955,000 | $3,440,000 | -50.5% | 4.9% |
| TOWN AND COUNTRY Credit Union | $1,030,000 | $2,315,000 | 124.8% | 3.3% |
| AgCountry Farm Credit Services, FLCA | $250,000 | $1,955,000 | 682.0% | 2.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $935,000 | $1,825,000 | 95.2% | 2.6% |
| Choice Financial Group | $1,100,000 | $1,800,000 | 63.6% | 2.5% |
| Mortgage Research Center, LLC | $775,000 | $1,625,000 | 109.7% | 2.3% |
| First International Bank & Trust | $1,010,000 | $1,525,000 | 51.0% | 2.2% |
| American Federal Bank | $2,830,000 | $1,345,000 | -52.5% | 1.9% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $135,000 | $1,335,000 | 888.9% | 1.9% |
| First Western Bank & Trust | $955,000 | $1,180,000 | 23.6% | 1.7% |
| Cambria Financial Group, LLC | $1,165,000 | n/a | 1.6% | |
| U.S. Bank | $1,740,000 | $1,010,000 | -42.0% | 1.4% |
| VALLEY MORTGAGE, INC. | $930,000 | $880,000 | -5.4% | 1.2% |
| Wells Fargo Bank | $245,000 | $800,000 | 226.5% | 1.1% |
| LOANDEPOT.COM, LLC | $195,000 | $795,000 | 307.7% | 1.1% |
| BMO Harris Bank | $175,000 | $590,000 | 237.1% | 0.8% |
| GUARANTEED RATE, INC. | $175,000 | $580,000 | 231.4% | 0.8% |
| Century Mortgage Company DBA Century Lending Company | $700,000 | $565,000 | -19.3% | 0.8% |
| West Gate Bank | $470,000 | n/a | 0.7% | |
| Mr. Cooper ( Nationstar Mortgage ) | $450,000 | n/a | 0.6% | |
| Bank Forward | $415,000 | n/a | 0.6% | |
| BAY EQUITY LLC | $390,000 | n/a | 0.6% | |
| CAPITAL CREDIT UNION | $295,000 | $390,000 | 32.2% | 0.6% |
| Plains Commerce Bank | $715,000 | $345,000 | -51.7% | 0.5% |
| Union State Bank of Fargo | $2,910,000 | $335,000 | -88.5% | 0.5% |
| Frandsen Bank & Trust | $325,000 | n/a | 0.5% | |
| Loan Simple, Inc. | $325,000 | n/a | 0.5% | |
| CMG MORTGAGE, INC. | $295,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $185,000 | $295,000 | 59.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $285,000 | n/a | 0.4% | |
| VILLAGE CAPITAL MORTGAGE | $285,000 | n/a | 0.4% | |
| AFFINITY PLUS | $355,000 | $255,000 | -28.2% | 0.4% |
| Kirkwood Bank & Trust Co. | $255,000 | n/a | 0.4% | |
| First Bank & Trust | $215,000 | n/a | 0.3% | |
| V.I.P. MORTGAGE, INC. | $215,000 | n/a | 0.3% | |
| THRIVENT Federal Credit Union | $225,000 | $210,000 | -6.7% | 0.3% |
| COMMUNITYAMERICA | $205,000 | n/a | 0.3% | |
| Nations Lending Corporation | $395,000 | $195,000 | -50.6% | 0.3% |
| Bridgewater Bank | $185,000 | n/a | 0.3% | |
| Equity Prime Mortgage LLC | $185,000 | n/a | 0.3% | |
| CENTRAL MINNESOTA Credit Union | $65,000 | $175,000 | 169.2% | 0.2% |
| Alerus Financial | $305,000 | $155,000 | -49.2% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $555,000 | $155,000 | -72.1% | 0.2% |
| Carrington Mortgage Services, LLC | $145,000 | n/a | 0.2% | |
| Discover Bank | $75,000 | $140,000 | 86.7% | 0.2% |
| Northview Bank | $135,000 | n/a | 0.2% | |
| Western State Bank | $85,000 | $135,000 | 58.8% | 0.2% |
| Cornerstone Bank | $240,000 | $125,000 | -47.9% | 0.2% |
| Merchants Bank | $115,000 | n/a | 0.2% | |
| NEWREZ LLC | $1,095,000 | $115,000 | -89.5% | 0.2% |
| Dacotah Bank | $105,000 | n/a | 0.1% | |
| Tradition Mortgage, LLC | $340,000 | $85,000 | -75.0% | 0.1% |
| BANKWEST, INC. | $165,000 | $75,000 | -54.5% | 0.1% |
| Figure Lending LLC | $70,000 | $35,000 | -50.0% | 0.0% |
| Coastal Community Bank | $25,000 | n/a | 0.0% | |
| NAVY FEDERAL CREDIT UNION | $25,000 | $15,000 | -40.0% | 0.0% |
| Star Bank | $15,000 | n/a | 0.0% |
Wahpeton's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 11.8% market share. In second place, with 11.2%, is Bell Bank, having originated $7,905,000 in loans. In third place, with 10.1%, is Gate City Bank, having originated $7,135,000 in loans. In fourth place, with 8.9%, is FIRST COMMUNITY CREDIT UNION, having originated $6,315,000 in loans. In fifth place, with 5.8%, is Midwest Bank, having originated $4,125,000 in loans.
Wahpeton, ND-MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 216 | $51,200,000 | $237,037 |
| Cash Out Refi | 54 | $8,770,000 | $162,407 |
| Other | 46 | $3,460,000 | $75,217 |
| Home Improvement | 45 | $2,295,000 | $51,000 |
| Refi | 39 | $5,115,000 | $131,154 |
Wahpeton's most frequently cited loan purpose was Home Purchase, with 216 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 145 | $30,425,000 | $209,828 |
| 7-8% | 92 | $15,040,000 | $163,478 |
| Over 8% | 70 | $5,600,000 | $80,000 |
| 5-6% | 58 | $11,630,000 | $200,517 |
| 4-5% | 16 | $1,260,000 | $78,750 |
| <2.5% | 3 | $15,000 | $5,000 |
During 2024, 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 | 142 | $7,190,000 | $50,634 |
| $100k-200k | 127 | $19,115,000 | $150,512 |
| $200k-400k | 116 | $31,740,000 | $273,621 |
| $400k-600k | 9 | $4,225,000 | $469,444 |
| $600k-1000k | 4 | $2,800,000 | $700,000 |
| $Over $1MM | 2 | $5,770,000 | $2,885,000 |
Wahpeton's loan sizing saw the bucket of loans from $100,000 or less with 142 originations, totaling $7,190,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 157 | $33,705,000 | $214,682 |
| 60-80% | 73 | $17,895,000 | $245,137 |
| Under 20% | 66 | $2,290,000 | $34,697 |
| 20-40% | 44 | $3,500,000 | $79,545 |
| 40-60% | 41 | $5,895,000 | $143,780 |
| Over 100% | 1 | $425,000 | $425,000 |
Wahpeton's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 157 originations, totaling $33,705,000 in origination value.