Watertown Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Watertown averaged
6.02%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.92% and
one month ago for the week of 2024-09-05, the
average rate was 6.25%.
Watertown's average rate one year ago was 7.29%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.62%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Watertown 30 Year Fixed Rate | 2024-10-10 | 6.02% |
Watertown 30 Year Fixed Rate Refi | 2024-10-10 | 6.62% |
Watertown 15 Year Fixed Rate | 2024-10-10 | 5.51% |
Watertown 15 Year Fixed Rate Refi | 2024-10-10 | 5.91% |
Watertown 30 Year FHA | 2024-10-10 | 6.2% |
Watertown 30 Year FHA Refi | 2024-10-10 | 5.9% |
Watertown 30 Year USDA | 2024-10-10 | 5.88% |
Watertown 30 Year USDA Refi | 2024-10-10 | 5.88% |
Watertown 30 Year VA | 2024-10-10 | 5.85% |
Watertown 30 Year VA Refi | 2024-10-10 | 5.75% |
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.).
Watertown Average Closing Costs & Other Stats
Watertown, SD's 36 lenders originated 579
loans during 2023. The total origination value was $126,935,000, with an average loan value of
$219,231.
Watertown's average closing costs are $4,754.
The top Watertown lender as defined by loan originations is American Bank & Trust, with
26 loans originated. Their average total fees are
$4,924, which is $1,437
higher than the next largest lender,
First PREMIER Bank.
The lowest fee Watertown lenders (with over 10 loans originated) are
Dacotah Bank ($3,416), First PREMIER Bank ($3,486), Plains Commerce Bank ($4,389), Reliabank Dakota ($4,477) and American Bank & Trust ($4,924).
The lowest rate Watertown lenders (with over 10 loans originated) are
Dacotah Bank (6.29%), Plains Commerce Bank (6.49%), Reliabank Dakota (6.50%), American Bank & Trust (6.57%) and First Bank & Trust (6.58%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
American Bank & Trust | $28,725,000 | $20,130,000 | -29.9% | 15.9% |
First Bank & Trust | $16,190,000 | $13,320,000 | -17.7% | 10.5% |
First PREMIER Bank | $22,415,000 | $13,240,000 | -40.9% | 10.4% |
Dacotah Bank | $15,300,000 | $11,885,000 | -22.3% | 9.4% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $9,370,000 | $11,235,000 | 19.9% | 8.9% |
Plains Commerce Bank | $12,140,000 | $9,595,000 | -21.0% | 7.6% |
Union State Bank of Fargo | $5,785,000 | n/a | 4.6% | |
QUICKEN LOANS, LLC | $6,230,000 | $4,400,000 | -29.4% | 3.5% |
Reliabank Dakota | $10,140,000 | $4,105,000 | -59.5% | 3.2% |
First Interstate Bank | $7,060,000 | $2,475,000 | -64.9% | 1.9% |
USAA Federal Savings Bank | $460,000 | $2,450,000 | 432.6% | 1.9% |
GUARANTEED RATE, INC. | $3,505,000 | $2,405,000 | -31.4% | 1.9% |
Mortgage Research Center, LLC | $1,045,000 | $2,120,000 | 102.9% | 1.7% |
Bell Bank | $1,780,000 | n/a | 1.4% | |
CHURCHILL MORTGAGE CORPORATION | $2,870,000 | $1,375,000 | -52.1% | 1.1% |
UNITED WHOLESALE MORTGAGE, LLC | $1,240,000 | n/a | 1.0% | |
First International Bank & Trust | $3,140,000 | $1,115,000 | -64.5% | 0.9% |
First Dakota National Bank | $1,785,000 | $1,035,000 | -42.0% | 0.8% |
Servion, Inc. | $1,025,000 | n/a | 0.8% | |
BLACK HILLS FEDERAL CREDIT UNION | $650,000 | $1,020,000 | 56.9% | 0.8% |
Cornerstone Bank | $965,000 | n/a | 0.8% | |
AgCountry Farm Credit Services, FLCA | $935,000 | n/a | 0.7% | |
PENNYMAC LOAN SERVICES, LLC | $390,000 | $785,000 | 101.3% | 0.6% |
Wells Fargo Bank | $3,610,000 | $760,000 | -78.9% | 0.6% |
The First National Bank in Sioux Falls | $570,000 | $680,000 | 19.3% | 0.5% |
First Western Bank & Trust | $155,000 | $620,000 | 300.0% | 0.5% |
Deere Employees Credit Union | $55,000 | $595,000 | 981.8% | 0.5% |
SIOUX FALLS | $315,000 | $550,000 | 74.6% | 0.4% |
BOKF | $535,000 | n/a | 0.4% | |
CORNERSTONE HOME LENDING, INC. | $525,000 | n/a | 0.4% | |
Summit Mortgage Corporation | $775,000 | $520,000 | -32.9% | 0.4% |
Heritage Bank | $205,000 | $475,000 | 131.7% | 0.4% |
NAVY FEDERAL CREDIT UNION | $625,000 | $455,000 | -27.2% | 0.4% |
VOYAGE FEDERAL CREDIT UNION | $455,000 | n/a | 0.4% | |
Mr. Cooper ( Nationstar Mortgage ) | $400,000 | $420,000 | 5.0% | 0.3% |
Gate City Bank | $415,000 | n/a | 0.3% | |
Primebank | $405,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $205,000 | $340,000 | 65.9% | 0.3% |
CU MORTGAGE DIRECT, LLC | $8,350,000 | $340,000 | -95.9% | 0.3% |
FIRST COMMUNITY CREDIT UNION | $185,000 | $315,000 | 70.3% | 0.2% |
North American Savings Bank, F.S.B. | $620,000 | $315,000 | -49.2% | 0.2% |
BANKWEST, INC. | $655,000 | $305,000 | -53.4% | 0.2% |
BMO Harris Bank | $305,000 | n/a | 0.2% | |
NBKC BANK | $305,000 | n/a | 0.2% | |
Citizens Bank | $325,000 | $295,000 | -9.2% | 0.2% |
V.I.P. MORTGAGE, INC. | $295,000 | n/a | 0.2% | |
Discover Bank | $290,000 | n/a | 0.2% | |
CROSSCOUNTRY MORTGAGE, LLC | $555,000 | $285,000 | -48.6% | 0.2% |
Flagstar Bank, FSB | $490,000 | $265,000 | -45.9% | 0.2% |
Simmons Bank | $215,000 | n/a | 0.2% | |
FREEDOM MORTGAGE CORPORATION | $455,000 | $205,000 | -54.9% | 0.2% |
BROKER SOLUTIONS, INC. | $265,000 | $200,000 | -24.5% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $330,000 | $185,000 | -43.9% | 0.1% |
U.S. Bank | $3,170,000 | $130,000 | -95.9% | 0.1% |
Farm Credit Mid-America, ACA | $2,905,000 | $125,000 | -95.7% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $105,000 | $80,000 | -23.8% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $335,000 | $80,000 | -76.1% | 0.1% |
Bank of America | $75,000 | n/a | 0.1% | |
Coastal Community Bank | $40,000 | n/a | 0.0% |
Watertown's top lender by overall market share is American Bank & Trust, with 15.9% market share. In second place, with 10.5%, is First Bank & Trust, having originated $13,320,000 in loans. In third place, with 10.4%, is First PREMIER Bank, having originated $13,240,000 in loans. In fourth place, with 9.4%, is Dacotah Bank, having originated $11,885,000 in loans. In fifth place, with 8.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $11,235,000 in loans.
Watertown Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Watertown (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $234,900 (6.1%) | $252,219 (5.3%) | 0.00 | 154 |
2018-02-01 | $233,650 (5.6%) | $252,012 (3.4%) | 0.00 | 160 |
2018-03-01 | $239,000 (10.5%) | $258,848 (7.9%) | 0.00 | 172 |
2018-04-01 | $243,500 (16.0%) | $262,899 (12.3%) | 0.00 | 169 |
2018-05-01 | $239,900 (20.0%) | $257,056 (10.1%) | 0.00 | 180 |
2018-06-01 | $249,900 (17.7%) | $265,356 (8.3%) | 0.00 | 180 |
2018-07-01 | $232,700 (7.8%) | $248,982 (0.4%) | 0.00 | 186 |
2018-08-01 | $229,900 (7.5%) | $248,841 (1.2%) | 0.00 | 180 |
2018-09-01 | $229,900 (5.5%) | $245,142 (-1.3%) | 0.00 | 169 |
2018-10-01 | $229,900 (3.7%) | $243,296 (-3.0%) | 0.00 | 162 |
2018-11-01 | $225,200 (4.1%) | $243,512 (1.0%) | 0.00 | 161 |
2018-12-01 | $229,400 (4.3%) | $245,154 (-0.6%) | 0.00 | 144 |
2019-01-01 | $225,100 (-4.2%) | $242,143 (-4.0%) | 0.00 | 136 |
2019-02-01 | $212,450 (-9.1%) | $233,235 (-7.5%) | 0.00 | 139 |
2019-03-01 | $222,929 (-6.7%) | $237,899 (-8.1%) | 0.00 | 144 |
2019-04-01 | $231,625 (-4.9%) | $242,086 (-7.9%) | 0.00 | 148 |
2019-05-01 | $229,900 (-4.2%) | $238,929 (-7.1%) | 0.00 | 181 |
2019-06-01 | $229,900 (-8.0%) | $235,616 (-11.2%) | 0.00 | 196 |
2019-07-01 | $227,150 (-2.4%) | $234,613 (-5.8%) | 0.00 | 206 |
2019-08-01 | $218,627 (-4.9%) | $231,932 (-6.8%) | 0.00 | 201 |
2019-09-01 | $209,218 (-9.0%) | $227,430 (-7.2%) | 0.00 | 196 |
2019-10-01 | $202,945 (-11.7%) | $224,429 (-7.8%) | 0.00 | 186 |
2019-11-01 | $199,400 (-11.5%) | $224,053 (-8.0%) | 0.00 | 168 |
2019-12-01 | $209,000 (-8.9%) | $228,581 (-6.8%) | 0.00 | 141 |
2020-01-01 | $219,225 (-2.6%) | $238,493 (-1.5%) | 0.00 | 126 |
2020-02-01 | $226,950 (6.8%) | $240,965 (3.3%) | 0.00 | 138 |
2020-03-01 | $224,450 (0.7%) | $238,470 (0.2%) | 0.00 | 138 |
2020-04-01 | $219,900 (-5.1%) | $243,350 (0.5%) | 0.00 | 143 |
2020-05-01 | $219,900 (-4.4%) | $248,190 (3.9%) | 0.00 | 165 |
2020-06-01 | $241,150 (4.9%) | $261,435 (11.0%) | 0.00 | 179 |
2020-07-01 | $252,900 (11.3%) | $269,170 (14.7%) | 0.00 | 165 |
2020-08-01 | $249,900 (14.3%) | $262,499 (13.2%) | 0.00 | 138 |
2020-09-01 | $227,800 (8.9%) | $260,933 (14.7%) | 0.00 | 134 |
2020-10-01 | $219,900 (8.4%) | $260,299 (16.0%) | 0.00 | 127 |
2020-11-01 | $207,400 (4.0%) | $255,325 (14.0%) | 0.00 | 112 |
2020-12-01 | $224,900 (7.6%) | $279,225 (22.2%) | 0.00 | 94 |
2021-01-01 | $219,900 (0.3%) | $275,506 (15.5%) | 0.00 | 87 |
2021-02-01 | $232,475 (2.4%) | $290,211 (20.4%) | 0.00 | 72 |
2021-03-01 | $261,150 (16.4%) | $311,510 (30.6%) | 0.00 | 77 |
2021-04-01 | $309,900 (40.9%) | $322,964 (32.7%) | 0.00 | 95 |
2021-05-01 | $339,900 (54.6%) | $336,098 (35.4%) | 0.00 | 97 |
2021-06-01 | $339,900 (41.0%) | $356,649 (36.4%) | 0.00 | 100 |
2021-07-01 | $375,000 (48.3%) | $380,606 (41.4%) | 0.00 | 102 |
2021-08-01 | $339,900 (36.0%) | $369,820 (40.9%) | 0.00 | 107 |
2021-09-01 | $339,900 (49.2%) | $360,941 (38.3%) | 0.00 | 106 |
2021-10-01 | $339,900 (54.6%) | $353,526 (35.8%) | 0.00 | 93 |
2021-11-01 | $339,900 (63.9%) | $334,028 (30.8%) | 0.00 | 78 |
2021-12-01 | $334,900 (48.9%) | $320,359 (14.7%) | 0.00 | 69 |
2022-01-01 | $339,900 (54.6%) | $338,782 (23.0%) | 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%) | $395,208 (10.8%) | 0.00 | 82 |
2022-07-01 | $349,900 (-6.7%) | $383,095 (0.7%) | 0.00 | 87 |
2022-08-01 | $354,900 (4.4%) | $391,221 (5.8%) | 0.00 | 77 |
2022-09-01 | $372,400 (9.6%) | $399,841 (10.8%) | 0.00 | 85 |
2022-10-01 | $339,900 (0.0%) | $377,058 (6.7%) | 0.00 | 76 |
2022-11-01 | $339,900 (0.0%) | $376,925 (12.8%) | 0.00 | 69 |
2022-12-01 | $339,900 (1.5%) | $365,672 (14.1%) | 0.00 | 61 |
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 (24.6%) | 0.00 | 87 |
2023-07-01 | $399,900 (14.3%) | $503,709 (31.5%) | 0.00 | 83 |
2023-08-01 | $392,400 (10.6%) | $502,554 (28.5%) | 0.00 | 87 |
2023-09-01 | $369,900 (-0.7%) | $472,086 (18.1%) | 0.00 | 100 |
2023-10-01 | $349,450 (2.8%) | $451,649 (19.8%) | 0.00 | 102 |
2023-11-01 | $344,675 (1.4%) | $430,838 (14.3%) | 0.00 | 96 |
2023-12-01 | $349,900 (2.9%) | $431,824 (18.1%) | 0.00 | 90 |
2024-01-01 | $353,650 (4.1%) | $435,101 (15.3%) | 0.00 | 76 |
2024-02-01 | $379,900 (9.4%) | $439,929 (15.4%) | 0.00 | 74 |
2024-03-01 | $374,900 (2.7%) | $406,679 (-2.7%) | 0.00 | 59 |
2024-04-01 | $380,900 (0.3%) | $415,406 (-10.4%) | 0.00 | 72 |
2024-05-01 | $371,000 (-7.1%) | $385,546 (-20.5%) | 0.00 | 83 |
2024-06-01 | $359,000 (-10.1%) | $382,158 (-22.4%) | 0.00 | 93 |
2024-07-01 | $348,650 (-12.8%) | $382,191 (-24.1%) | 0.00 | 106 |
2024-08-01 | $349,900 (-10.8%) | $389,755 (-22.5%) | 0.00 | 112 |
2024-09-01 | $357,100 (-3.5%) | $395,474 (-16.2%) | 0.00 | 112 |
Watertown's median listing price comes in at 0% of the national average.
Watertown's average listing price for 2024-09-01 was $395,474, a difference of $-76,612 (-16.2%) versus the prior year and $5,719 versus the prior month.
For the 2024-09-01 period, Watertown had 112 MLS listings, a difference of 0 listings (0%) versus the prior month and 12 listings (12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Watertown (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,286 sqft |
2018-02-01 | 0 days | 2,313 sqft |
2018-03-01 | 0 days | 2,354 sqft |
2018-04-01 | 0 days | 2,433 sqft |
2018-05-01 | 0 days | 2,433 sqft |
2018-06-01 | 0 days | 2,434 sqft |
2018-07-01 | 0 days | 2,295 sqft |
2018-08-01 | 0 days | 2,299 sqft |
2018-09-01 | 0 days | 2,304 sqft |
2018-10-01 | 0 days | 2,288 sqft |
2018-11-01 | 0 days | 2,323 sqft |
2018-12-01 | 0 days | 2,349 sqft |
2019-01-01 | 0 days | 2,304 sqft |
2019-02-01 | 0 days | 2,275 sqft |
2019-03-01 | 0 days | 2,309 sqft |
2019-04-01 | 0 days | 2,355 sqft |
2019-05-01 | 0 days | 2,308 sqft |
2019-06-01 | 0 days | 2,265 sqft |
2019-07-01 | 0 days | 2,251 sqft |
2019-08-01 | 0 days | 2,188 sqft |
2019-09-01 | 0 days | 2,186 sqft |
2019-10-01 | 0 days | 2,184 sqft |
2019-11-01 | 0 days | 2,143 sqft |
2019-12-01 | 0 days | 2,147 sqft |
2020-01-01 | 0 days | 2,195 sqft |
2020-02-01 | 0 days | 2,205 sqft |
2020-03-01 | 0 days | 2,175 sqft |
2020-04-01 | 0 days | 2,157 sqft |
2020-05-01 | 0 days | 2,169 sqft |
2020-06-01 | 0 days | 2,298 sqft |
2020-07-01 | 0 days | 2,320 sqft |
2020-08-01 | 0 days | 2,288 sqft |
2020-09-01 | 0 days | 2,282 sqft |
2020-10-01 | 0 days | 2,193 sqft |
2020-11-01 | 0 days | 2,192 sqft |
2020-12-01 | 0 days | 2,202 sqft |
2021-01-01 | 0 days | 2,080 sqft |
2021-02-01 | 0 days | 2,173 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 | 1,742 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 | 1,815 sqft |
2022-07-01 | 0 days | 1,932 sqft |
2022-08-01 | 0 days | 2,297 sqft |
2022-09-01 | 0 days | 2,316 sqft |
2022-10-01 | 0 days | 2,185 sqft |
2022-11-01 | 0 days | 2,010 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 |
2023-09-01 | 0 days | 1,574 sqft |
2023-10-01 | 0 days | 1,501 sqft |
2023-11-01 | 0 days | 1,466 sqft |
2023-12-01 | 0 days | 1,525 sqft |
2024-01-01 | 0 days | 1,525 sqft |
2024-02-01 | 0 days | 1,525 sqft |
2024-03-01 | 0 days | 1,532 sqft |
2024-04-01 | 0 days | 1,530 sqft |
2024-05-01 | 0 days | 1,467 sqft |
2024-06-01 | 0 days | 1,427 sqft |
2024-07-01 | 0 days | 1,427 sqft |
2024-08-01 | 0 days | 1,976 sqft |
2024-09-01 | 0 days | 1,951 sqft |
Watertown's median square footage for active listings during the 2024-09-01 period was 1,951 sqft. One year prior, the average listing was 1,574 sqft.
Watertown, SD Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 340 | $96,670,000 | $284,324 |
Refi | 85 | $12,355,000 | $145,353 |
Home Improvement | 68 | $5,330,000 | $78,382 |
Cash Out Refi | 48 | $8,890,000 | $185,208 |
Other | 38 | $3,690,000 | $97,105 |
Watertown's most frequently cited loan purpose was Home Purchase, with 340 originations. The 2nd most popular reason was Refi, with 85 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 195 | $46,515,000 | $238,538 |
Over 8% | 127 | $15,185,000 | $119,567 |
5-6% | 122 | $25,290,000 | $207,295 |
7-8% | 121 | $31,515,000 | $260,455 |
2.5-3% | 7 | $195,000 | $27,857 |
4-5% | 3 | $1,285,000 | $428,333 |
<2.5% | 1 | $155,000 | $155,000 |
3-4% | 1 | $555,000 | $555,000 |
During 2023, Watertown's most frequently originated rate bucket was 6-7%, with 195 originations.
Loan Sizing (Watertown, SD MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 179 | $50,075,000 | $279,749 |
$100,000 or less | 173 | $9,375,000 | $54,191 |
$100k-200k | 164 | $24,690,000 | $150,549 |
$400k-600k | 49 | $23,455,000 | $478,673 |
$600k-1000k | 8 | $6,070,000 | $758,750 |
$Over $1MM | 6 | $13,270,000 | $2,211,667 |
Watertown's loan sizing saw the bucket of loans from $200k-400k with 179 originations, totaling $50,075,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 198 | $49,680,000 | $250,909 |
60-80% | 122 | $37,220,000 | $305,082 |
Under 20% | 107 | $6,195,000 | $57,897 |
20-40% | 77 | $10,585,000 | $137,468 |
40-60% | 58 | $12,590,000 | $217,069 |
Over 100% | 13 | $4,345,000 | $334,231 |
Watertown's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 198 originations, totaling $49,680,000 in origination value.