Watertown 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 Watertown averaged 6.97% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 6.76% and one month ago for the week of 2023-08-17, the average rate was 6.87%.

    Watertown's average rate one year ago was 5.7%.

    For refis of the same type during the week of 2023-09-21, the average rate was 7.69%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Watertown 30 Year Fixed Rate 2023-09-21 6.97%
    Watertown 30 Year Fixed Rate Refi 2023-09-21 7.69%
    Watertown 15 Year Fixed Rate 2023-09-21 6.44%
    Watertown 15 Year Fixed Rate Refi 2023-09-21 6.74%
    Watertown 30 Year FHA 2023-09-21 6.78%
    Watertown 30 Year FHA Refi 2023-09-21 6.84%
    Watertown 30 Year USDA 2023-09-21 6.92%
    Watertown 30 Year USDA Refi 2023-09-21 7.12%
    Watertown 30 Year VA 2023-09-21 6.72%
    Watertown 30 Year VA Refi 2023-09-21 6.72%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Watertown, SD.

    Watertown 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 Watertown, SD 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
    First PREMIER Bank 42 4.41% $4,182
    American Bank & Trust 36 4.98% $4,463
    Dacotah Bank 30 4.26% $3,066
    First Bank & Trust 30 4.79% $4,651
    Plains Commerce Bank 19 4.96% $5,118
    CU MORTGAGE DIRECT, LLC 19 4.57% $5,102
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 19 5.13% $3,921
    Reliabank Dakota 14 4.98% $4,988
    QUICKEN LOANS, LLC 12 4.76% $6,207
    Wells Fargo Bank 12 5.02% $3,234
    CHURCHILL MORTGAGE CORPORATION 10 5.27% $5,730
    GUARANTEED RATE, INC. 6 5.25% $3,051
    First Interstate Bank 4 4.41% $4,150
    U.S. Bank 4 4.25% $5,646
    First Dakota National Bank 4 4.87% $5,335
    CORTRUST MORTGAGE, INC. 3 4.79% $4,342
    Farm Credit Mid-America, ACA 3 4.37% $9,286
    Summit Mortgage Corporation 3 5.08% $3,463
    Carrington Mortgage Services, LLC 2 5.63% $12,522
    North American Savings Bank, F.S.B. 2 4.94% $2,103
    First International Bank & Trust 2 5.81% $17,449
    Arvest Bank 2 5.00% $5,840
    Central Bank 2 4.25% $4,855
    Minnwest Bank 2 6.10% $2,334
    WINGS FINANCIAL 1 3.75% $2,520
    ZILLOW HOME LOANS, LLC 1 5.50% $2,517
    AMERICAN FINANCING CORPORATION 1 6.63% $6,778
    American State Bank 1 6.13% $2,420
    Amerifirst Financial, Inc. 1 4.38% $4,212
    AMERISAVE MORTGAGE CORPORATION 1 3.63% $1,855
    BANKWEST, INC. 1 6.88% $5,152
    BLACK HILLS FEDERAL CREDIT UNION 1 2.99% $7,792
    BROKER SOLUTIONS, INC. 1 4.88% $3,284
    Citizens Bank 1 4.88% $5,932
    CROSSCOUNTRY MORTGAGE, LLC 1 5.50% $5,419
    First Western Bank & Trust 1 5.38% $2,968
    Flagstar Bank, FSB 1 5.50% $7,800
    GUARANTY HOME MORTGAGE CORPORATION 1 6.00% $6,400
    HomeTown Bank 1 5.25% $6,015
    JPMorgan Chase Bank 1 4.50% $7,277
    Lend Smart Mortgage, LLC 1 3.38% $6,365
    LOANDEPOT.COM, LLC 1 3.13% $7,097
    Mr. Cooper ( Nationstar Mortgage ) 1 4.99% $7,904
    NAVY FEDERAL CREDIT UNION 1 5.13% $1,865
    PENNYMAC LOAN SERVICES, LLC 1 4.88% $5,318
    PLANET HOME LENDING, LLC 1 4.25% $6,055
    SIOUX FALLS 1 5.13% $5,041
    The First National Bank in Sioux Falls 1 5.13% $6,578
    The Huntington National Bank 1 4.50% $3,927

    Watertown Average Closing Costs & Other Stats

    Watertown, SD's 49 lenders originated 857 loans during 2022. The total origination value was $189,275,000, with an average loan value of $220,858.

    Watertown's average closing costs are $4,655.

    The top Watertown lender as defined by loan originations is First PREMIER Bank, with 42 loans originated. Their average total fees are $4,182, which is $281 lower than the next largest lender, American Bank & Trust.

    The lowest fee Watertown lenders (with over 10 loans originated) are Dacotah Bank ($3,066), Wells Fargo Bank ($3,234), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,921), First PREMIER Bank ($4,182) and American Bank & Trust ($4,463).

    The lowest rate Watertown lenders (with over 10 loans originated) are Dacotah Bank (4.26%), First PREMIER Bank (4.41%), CU MORTGAGE DIRECT, LLC (4.57%), QUICKEN LOANS, LLC (4.76%) and First Bank & Trust (4.79%).

    Watertown, SD 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
    American Bank & Trust $35,980,000 $28,725,000 -20.2% 15.2%
    First PREMIER Bank $45,875,000 $22,415,000 -51.1% 11.8%
    First Bank & Trust $32,085,000 $16,190,000 -49.5% 8.6%
    Dacotah Bank $28,845,000 $15,300,000 -47.0% 8.1%
    Plains Commerce Bank $23,970,000 $12,140,000 -49.4% 6.4%
    Reliabank Dakota $20,370,000 $10,140,000 -50.2% 5.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $19,955,000 $9,370,000 -53.0% 5.0%
    Bank Midwest $8,975,000 n/a 4.7%
    CU MORTGAGE DIRECT, LLC $14,980,000 $8,350,000 -44.3% 4.4%
    First Interstate Bank $7,060,000 n/a 3.7%
    QUICKEN LOANS, LLC $12,765,000 $6,230,000 -51.2% 3.3%
    Wells Fargo Bank $6,705,000 $3,610,000 -46.2% 1.9%
    GUARANTEED RATE, INC. $7,590,000 $3,505,000 -53.8% 1.9%
    U.S. Bank $3,075,000 $3,170,000 3.1% 1.7%
    First International Bank & Trust $900,000 $3,140,000 248.9% 1.7%
    Farm Credit Mid-America, ACA $3,165,000 $2,905,000 -8.2% 1.5%
    CHURCHILL MORTGAGE CORPORATION $1,960,000 $2,870,000 46.4% 1.5%
    Central Bank $840,000 $1,810,000 115.5% 1.0%
    First Dakota National Bank $5,400,000 $1,785,000 -66.9% 0.9%
    Mortgage Research Center, LLC $1,120,000 $1,045,000 -6.7% 0.6%
    CORTRUST MORTGAGE, INC. $3,270,000 $1,035,000 -68.3% 0.5%
    LOANDEPOT.COM, LLC $2,465,000 $1,030,000 -58.2% 0.5%
    Carrington Mortgage Services, LLC $75,000 $1,000,000 1,233.3% 0.5%
    Summit Mortgage Corporation $380,000 $775,000 103.9% 0.4%
    BANKWEST, INC. $235,000 $655,000 178.7% 0.3%
    BLACK HILLS FEDERAL CREDIT UNION $420,000 $650,000 54.8% 0.3%
    NAVY FEDERAL CREDIT UNION $1,290,000 $625,000 -51.6% 0.3%
    North American Savings Bank, F.S.B. $620,000 n/a 0.3%
    The First National Bank in Sioux Falls $605,000 $570,000 -5.8% 0.3%
    Great Western Bank $14,780,000 $560,000 -96.2% 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $730,000 $555,000 -24.0% 0.3%
    The Huntington National Bank $225,000 $555,000 146.7% 0.3%
    Arvest Bank $550,000 n/a 0.3%
    Flagstar Bank, FSB $320,000 $490,000 53.1% 0.3%
    Northpointe Bank $485,000 n/a 0.3%
    USAA Federal Savings Bank $635,000 $460,000 -27.6% 0.2%
    FREEDOM MORTGAGE CORPORATION $4,185,000 $455,000 -89.1% 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $835,000 $400,000 -52.1% 0.2%
    PENNYMAC LOAN SERVICES, LLC $1,740,000 $390,000 -77.6% 0.2%
    HomeTown Bank $375,000 n/a 0.2%
    GUARANTY HOME MORTGAGE CORPORATION $365,000 n/a 0.2%
    Lend Smart Mortgage, LLC $215,000 $355,000 65.1% 0.2%
    Alerus Financial $285,000 $345,000 21.1% 0.2%
    TRIAD FINANCIAL SERVICES, INC. $335,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $2,010,000 $330,000 -83.6% 0.2%
    Citizens Bank $515,000 $325,000 -36.9% 0.2%
    Gateway First Bank $315,000 n/a 0.2%
    SIOUX FALLS $400,000 $315,000 -21.3% 0.2%
    AMERICAN ADVISORS GROUP $355,000 $265,000 -25.4% 0.1%
    BROKER SOLUTIONS, INC. $510,000 $265,000 -48.0% 0.1%
    ZILLOW HOME LOANS, LLC $265,000 n/a 0.1%
    Minnwest Bank $250,000 n/a 0.1%
    JPMorgan Chase Bank $650,000 $240,000 -63.1% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $105,000 $235,000 123.8% 0.1%
    AMERICAN FINANCING CORPORATION $125,000 $215,000 72.0% 0.1%
    AMERISAVE MORTGAGE CORPORATION $590,000 $205,000 -65.3% 0.1%
    First Guaranty Mortgage Corporation $205,000 n/a 0.1%
    Heritage Bank $385,000 $205,000 -46.8% 0.1%
    PLANET HOME LENDING, LLC $195,000 n/a 0.1%
    CMG MORTGAGE, INC. $155,000 $185,000 19.4% 0.1%
    FIRST COMMUNITY CREDIT UNION $185,000 n/a 0.1%
    First Western Bank & Trust $155,000 n/a 0.1%
    FOUR POINTS $465,000 $155,000 -66.7% 0.1%
    NEWREZ LLC $105,000 $145,000 38.1% 0.1%
    WINGS FINANCIAL $145,000 n/a 0.1%
    American State Bank $125,000 n/a 0.1%
    First National Bank $1,340,000 $125,000 -90.7% 0.1%
    Amerifirst Financial, Inc. $85,000 $115,000 35.3% 0.1%
    21ST MORTGAGE CORPORATION $495,000 $105,000 -78.8% 0.1%
    SIOUX EMPIRE $75,000 n/a 0.0%
    Deere Employees Credit Union $55,000 n/a 0.0%

    Watertown's top lender by overall market share is American Bank & Trust, with 15.2% market share. In second place, with 11.8%, is First PREMIER Bank, having originated $22,415,000 in loans. In third place, with 8.6%, is First Bank & Trust, having originated $16,190,000 in loans. In fourth place, with 8.1%, is Dacotah Bank, having originated $15,300,000 in loans. In fifth place, with 6.4%, is Plains Commerce Bank, having originated $12,140,000 in loans.

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

    Realtor.com - Watertown (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 $234,900 (6.0%) $253,075 (5.7%) 0.00 155
    2018-02-01 $233,650 (5.0%) $252,012 (3.4%) 0.00 161
    2018-03-01 $239,450 (10.7%) $259,176 (8.0%) 0.00 174
    2018-04-01 $242,350 (15.5%) $262,767 (12.2%) 0.00 171
    2018-05-01 $239,900 (20.0%) $257,736 (10.4%) 0.00 183
    2018-06-01 $249,900 (17.4%) $265,221 (8.2%) 0.00 181
    2018-07-01 $233,369 (7.8%) $249,621 (0.7%) 0.00 187
    2018-08-01 $229,900 (6.2%) $250,208 (1.1%) 0.00 183
    2018-09-01 $229,900 (4.6%) $248,666 (-0.4%) 0.00 175
    2018-10-01 $232,400 (4.5%) $247,008 (-2.5%) 0.00 167
    2018-11-01 $227,250 (3.8%) $244,826 (0.5%) 0.00 164
    2018-12-01 $229,400 (4.3%) $244,788 (-1.1%) 0.00 146
    2019-01-01 $225,000 (-4.2%) $241,635 (-4.5%) 0.00 137
    2019-02-01 $211,200 (-9.6%) $232,798 (-7.6%) 0.00 140
    2019-03-01 $223,200 (-6.8%) $238,145 (-8.1%) 0.00 146
    2019-04-01 $233,725 (-3.6%) $243,556 (-7.3%) 0.00 152
    2019-05-01 $229,900 (-4.2%) $240,693 (-6.6%) 0.00 186
    2019-06-01 $229,900 (-8.0%) $236,046 (-11.0%) 0.00 199
    2019-07-01 $227,400 (-2.6%) $234,395 (-6.1%) 0.00 208
    2019-08-01 $218,627 (-4.9%) $231,750 (-7.4%) 0.00 203
    2019-09-01 $209,218 (-9.0%) $227,392 (-8.6%) 0.00 197
    2019-10-01 $202,945 (-12.7%) $224,486 (-9.1%) 0.00 187
    2019-11-01 $199,900 (-12.0%) $224,145 (-8.5%) 0.00 169
    2019-12-01 $209,000 (-8.9%) $228,649 (-6.6%) 0.00 142
    2020-01-01 $219,675 (-2.4%) $238,496 (-1.3%) 0.00 127
    2020-02-01 $229,000 (8.4%) $240,951 (3.5%) 0.00 140
    2020-03-01 $225,925 (1.2%) $238,473 (0.1%) 0.00 139
    2020-04-01 $221,950 (-5.0%) $244,037 (0.2%) 0.00 146
    2020-05-01 $219,900 (-4.4%) $248,711 (3.3%) 0.00 167
    2020-06-01 $244,900 (6.5%) $261,706 (10.9%) 0.00 181
    2020-07-01 $254,650 (12.0%) $269,196 (14.9%) 0.00 166
    2020-08-01 $249,900 (14.3%) $262,574 (13.3%) 0.00 139
    2020-09-01 $228,400 (9.2%) $260,953 (14.8%) 0.00 135
    2020-10-01 $219,900 (8.4%) $260,324 (16.0%) 0.00 128
    2020-11-01 $212,400 (6.3%) $255,280 (13.9%) 0.00 113
    2020-12-01 $229,900 (10.0%) $278,926 (22.0%) 0.00 95
    2021-01-01 $222,400 (1.2%) $275,242 (15.4%) 0.00 88
    2021-02-01 $232,475 (1.5%) $290,211 (20.4%) 0.00 72
    2021-03-01 $261,150 (15.6%) $311,510 (30.6%) 0.00 77
    2021-04-01 $309,900 (39.6%) $322,964 (32.3%) 0.00 95
    2021-05-01 $339,900 (54.6%) $336,098 (35.1%) 0.00 97
    2021-06-01 $339,900 (38.8%) $356,649 (36.3%) 0.00 100
    2021-07-01 $375,000 (47.3%) $380,606 (41.4%) 0.00 102
    2021-08-01 $339,900 (36.0%) $369,820 (40.8%) 0.00 107
    2021-09-01 $339,900 (48.8%) $360,643 (38.2%) 0.00 106
    2021-10-01 $339,900 (54.6%) $353,526 (35.8%) 0.00 93
    2021-11-01 $339,900 (60.0%) $334,028 (30.9%) 0.00 78
    2021-12-01 $334,900 (45.7%) $320,359 (14.9%) 0.00 69
    2022-01-01 $339,900 (52.8%) $338,782 (23.1%) 0.00 54
    2022-02-01 $339,900 (46.2%) $362,159 (24.8%) 0.00 56
    2022-03-01 $339,900 (30.2%) $361,236 (16.0%) 0.00 53
    2022-04-01 $332,400 (7.3%) $322,662 (-0.1%) 0.00 54
    2022-05-01 $341,150 (0.4%) $386,299 (14.9%) 0.00 76
    2022-06-01 $364,900 (7.4%) $399,729 (12.1%) 0.00 83
    2022-07-01 $349,900 (-6.7%) $388,318 (2.0%) 0.00 88
    2022-08-01 $357,175 (5.1%) $396,114 (7.1%) 0.00 79
    2022-09-01 $379,450 (11.6%) $407,096 (12.9%) 0.00 87
    2022-10-01 $339,900 (0.0%) $379,878 (7.5%) 0.00 77
    2022-11-01 $339,900 (0.0%) $380,089 (13.8%) 0.00 70
    2022-12-01 $339,900 (1.5%) $369,332 (15.3%) 0.00 62
    2023-01-01 $339,900 (0.0%) $377,434 (11.4%) 0.00 56
    2023-02-01 $347,400 (2.2%) $381,324 (5.3%) 0.00 48
    2023-03-01 $364,900 (7.4%) $417,981 (15.7%) 0.00 46
    2023-04-01 $379,900 (14.3%) $463,434 (43.6%) 0.00 59
    2023-05-01 $399,225 (17.0%) $484,994 (25.6%) 0.00 80
    2023-06-01 $399,225 (9.4%) $492,396 (23.2%) 0.00 87
    2023-07-01 $399,900 (14.3%) $503,709 (29.7%) 0.00 83
    2023-08-01 $392,400 (9.9%) $502,554 (26.9%) 0.00 87
    Watertown's median listing price for 2023-08-01 was $392,400, a difference of $35,225 (9.9%) versus the prior year and $-7,500 versus the prior month.

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

    Watertown's average listing price for 2023-08-01 was $502,554, a difference of $106,440 (26.9%) versus the prior year and $-1,155 versus the prior month.

    For the 2023-08-01 period, Watertown had 87 MLS listings, a difference of 4 listings (5%) versus the prior month and 8 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Watertown (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,293 sqft
    2018-02-01 0 days 2,313 sqft
    2018-03-01 0 days 2,356 sqft
    2018-04-01 0 days 2,432 sqft
    2018-05-01 0 days 2,431 sqft
    2018-06-01 0 days 2,433 sqft
    2018-07-01 0 days 2,309 sqft
    2018-08-01 0 days 2,303 sqft
    2018-09-01 0 days 2,304 sqft
    2018-10-01 0 days 2,294 sqft
    2018-11-01 0 days 2,338 sqft
    2018-12-01 0 days 2,344 sqft
    2019-01-01 0 days 2,304 sqft
    2019-02-01 0 days 2,270 sqft
    2019-03-01 0 days 2,307 sqft
    2019-04-01 0 days 2,352 sqft
    2019-05-01 0 days 2,301 sqft
    2019-06-01 0 days 2,234 sqft
    2019-07-01 0 days 2,231 sqft
    2019-08-01 0 days 2,171 sqft
    2019-09-01 0 days 2,176 sqft
    2019-10-01 0 days 2,179 sqft
    2019-11-01 0 days 2,128 sqft
    2019-12-01 0 days 2,140 sqft
    2020-01-01 0 days 2,195 sqft
    2020-02-01 0 days 2,195 sqft
    2020-03-01 0 days 2,173 sqft
    2020-04-01 0 days 2,155 sqft
    2020-05-01 0 days 2,172 sqft
    2020-06-01 0 days 2,306 sqft
    2020-07-01 0 days 2,320 sqft
    2020-08-01 0 days 2,307 sqft
    2020-09-01 0 days 2,286 sqft
    2020-10-01 0 days 2,215 sqft
    2020-11-01 0 days 2,204 sqft
    2020-12-01 0 days 2,219 sqft
    2021-01-01 0 days 2,088 sqft
    2021-02-01 0 days 2,169 sqft
    2021-03-01 0 days 2,233 sqft
    2021-04-01 0 days 2,066 sqft
    2021-05-01 0 days 1,731 sqft
    2021-06-01 0 days 1,731 sqft
    2021-07-01 0 days 1,753 sqft
    2021-08-01 0 days 1,742 sqft
    2021-09-01 0 days 1,731 sqft
    2021-10-01 0 days 1,731 sqft
    2021-11-01 0 days 1,731 sqft
    2021-12-01 0 days 1,697 sqft
    2022-01-01 0 days 1,731 sqft
    2022-02-01 0 days 1,731 sqft
    2022-03-01 0 days 1,731 sqft
    2022-04-01 0 days 1,731 sqft
    2022-05-01 0 days 1,731 sqft
    2022-06-01 0 days 1,772 sqft
    2022-07-01 0 days 1,921 sqft
    2022-08-01 0 days 2,282 sqft
    2022-09-01 0 days 2,305 sqft
    2022-10-01 0 days 2,138 sqft
    2022-11-01 0 days 2,004 sqft
    2022-12-01 0 days 2,004 sqft
    2023-01-01 0 days 1,988 sqft
    2023-02-01 0 days 1,795 sqft
    2023-03-01 0 days 1,770 sqft
    2023-04-01 0 days 1,991 sqft
    2023-05-01 0 days 2,268 sqft
    2023-06-01 0 days 2,034 sqft
    2023-07-01 0 days 2,109 sqft
    2023-08-01 0 days 1,614 sqft
    Watertown's median listing age (time on market) for 2023-08-01 was 0 days.

    Watertown's median square footage for active listings during the 2023-08-01 period was 1,614 sqft. One year prior, the average listing was 2,282 sqft.

    Watertown, SD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 471 $133,885,000 $284,257
    Refi 152 $25,070,000 $164,934
    Cash Out Refi 92 $18,900,000 $205,435
    Home Improvement 90 $6,000,000 $66,667
    Other 52 $5,420,000 $104,231

    Watertown's most frequently cited loan purpose was Home Purchase, with 471 originations. The 2nd most popular reason was Refi, with 152 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 236 $45,190,000 $191,483
    4-5% 198 $47,160,000 $238,182
    3-4% 188 $52,100,000 $277,128
    6-7% 106 $21,170,000 $199,717
    2.5-3% 66 $14,380,000 $217,879
    7-8% 31 $3,165,000 $102,097
    Over 8% 16 $730,000 $45,625
    <2.5% 14 $3,800,000 $271,429

    During 2022, Watertown's most frequently originated rate bucket was 5-6%, with 236 originations.

    Loan Sizing (Watertown, SD MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 275 $74,915,000 $272,418
    $100k-200k 273 $40,335,000 $147,747
    $100,000 or less 235 $12,605,000 $53,638
    $400k-600k 42 $20,020,000 $476,667
    $600k-1000k 22 $16,040,000 $729,091
    $Over $1MM 10 $25,360,000 $2,536,000

    Watertown's loan sizing saw the bucket of loans from $200k-400k with 275 originations, totaling $74,915,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 316 $80,020,000 $253,228
    60-80% 209 $64,535,000 $308,780
    20-40% 126 $13,750,000 $109,127
    Under 20% 108 $4,850,000 $44,907
    40-60% 72 $16,110,000 $223,750
    Over 100% 13 $7,245,000 $557,308

    Watertown's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 316 originations, totaling $80,020,000 in origination value.