Williston Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Williston averaged 6.43% 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 6.15% and one month ago for the week of 2023-04-20, the average rate was 6.15%.

    Williston's average rate one year ago was 4.91%.

    For refis of the same type during the week of 2023-05-25, the average rate was 7.07%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Williston 30 Year Fixed Rate 2023-05-25 6.43%
    Williston 30 Year Fixed Rate Refi 2023-05-25 7.07%
    Williston 15 Year Fixed Rate 2023-05-25 5.77%
    Williston 15 Year Fixed Rate Refi 2023-05-25 5.87%
    Williston 30 Year FHA 2023-05-25 6.16%
    Williston 30 Year FHA Refi 2023-05-25 6.71%
    Williston 30 Year USDA 2023-05-25 6.53%
    Williston 30 Year USDA Refi 2023-05-25 6.63%
    Williston 30 Year VA 2023-05-25 6.31%
    Williston 30 Year VA Refi 2023-05-25 6.21%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Williston, ND.

    Williston 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 Williston, ND 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
    Gate City Bank 56 4.19% $6,133
    U.S. Bank 53 4.83% $4,325
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 5.26% $5,320
    First International Bank & Trust 24 5.41% $2,829
    WESTERN COOPERATIVE CREDIT UNION 22 5.02% $5,794
    Unify Home Lending Inc. 16 5.47% $4,392
    LOANDEPOT.COM, LLC 13 5.18% $6,313
    AMCAP MORTGAGE, LTD. 13 5.16% $5,581
    HOME POINT FINANCIAL CORPORATION 10 4.83% $4,795
    QUICKEN LOANS, LLC 8 5.11% $6,185
    Wells Fargo Bank 5 4.88% $6,524
    CARDINAL FINANCIAL 5 4.55% $10,309
    UNITED WHOLESALE MORTGAGE, LLC 5 5.97% $7,229
    BROKER SOLUTIONS, INC. 4 5.15% $7,773
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 5.15% $3,563
    Mr. Cooper ( Nationstar Mortgage ) 4 5.31% $5,621
    GUILD MORTGAGE COMPANY 3 4.67% $6,086
    TOWN AND COUNTRY Credit Union 3 4.79% $4,889
    GUARANTEED RATE, INC. 3 5.55% $4,240
    ZILLOW HOME LOANS, LLC 2 4.50% $8,492
    PENNYMAC LOAN SERVICES, LLC 2 4.75% $4,600
    GUARANTEED RATE AFFINITY, LLC 1 5.38% $0
    Flagstar Bank, FSB 1 3.39% $6,779
    Deerwood Bank 1 3.88% $3,916
    Dacotah Bank 1 5.38% $5,942
    HOMESTAR FINANCIAL CORPORATION 1 4.00% $4,165
    LAKEVIEW LOAN SERVICING, LLC 1 4.13% $4,360
    CROSSCOUNTRY MORTGAGE, LLC 1 3.75% $6,783
    MANN FINANCIAL INC. 1 5.13% $3,884
    Mortgage Research Center, LLC 1 5.99% $1,883
    Colonial Savings, F.A. 1 3.75% $4,133
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.25% $6,418
    NAVY FEDERAL CREDIT UNION 1 5.50% $1,898
    Northpointe Bank 1 4.88% $3,172
    21ST MORTGAGE CORPORATION 1 8.55% $3,430
    PENTAGON FEDERAL CREDIT UNION 1 3.13% $1,251
    Plains Commerce Bank 1 4.63% $11,976
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 4.99% $1,218
    CHURCHILL MORTGAGE CORPORATION 1 5.63% $4,715
    RBC Bank, (Georgia) 1 6.00% $3,023
    The Huntington National Bank 1 4.13% $4,114
    BOKF 1 3.75% $3,138
    BMO Harris Bank 1 5.25% $4,633
    BANKWEST, INC. 1 4.00% $4,066
    AMERISAVE MORTGAGE CORPORATION 1 3.88% $5,877
    American Mortgage & Equity Consultants, Inc. 1 3.63% $6,192
    AFFINITY PLUS 1 3.13% $4,333
    Western State Bank 1 3.50% $3,201
    Gateway First Bank 1 3.88% $0

    Williston Average Closing Costs & Other Stats

    Williston, ND's 49 lenders originated 713 loans during 2022. The total origination value was $198,925,000, with an average loan value of $278,997.

    Williston's average closing costs are $6,052.

    The top Williston lender as defined by loan originations is Gate City Bank, with 56 loans originated. Their average total fees are $6,133, which is $1,808 higher than the next largest lender, U.S. Bank.

    The lowest fee Williston lenders (with over 10 loans originated) are First International Bank & Trust ($2,829), U.S. Bank ($4,325), Unify Home Lending Inc. ($4,392), HOME POINT FINANCIAL CORPORATION ($4,795) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,320).

    The lowest rate Williston lenders (with over 10 loans originated) are Gate City Bank (4.19%), U.S. Bank (4.83%), HOME POINT FINANCIAL CORPORATION (4.83%), WESTERN COOPERATIVE CREDIT UNION (5.02%) and AMCAP MORTGAGE, LTD. (5.16%).

    Williston, ND 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
    Gate City Bank $41,050,000 $27,660,000 -32.6% 13.9%
    U.S. Bank $18,650,000 $20,705,000 11.0% 10.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $20,570,000 $17,255,000 -16.1% 8.7%
    First International Bank & Trust $20,415,000 $14,110,000 -30.9% 7.1%
    AMCAP MORTGAGE, LTD. $9,940,000 $10,015,000 0.8% 5.0%
    WESTERN COOPERATIVE CREDIT UNION $9,570,000 $9,640,000 0.7% 4.8%
    Unify Home Lending Inc. $16,970,000 $8,025,000 -52.7% 4.0%
    LOANDEPOT.COM, LLC $14,765,000 $7,815,000 -47.1% 3.9%
    Associated Bank $7,805,000 n/a 3.9%
    QUICKEN LOANS, LLC $26,755,000 $7,300,000 -72.7% 3.7%
    GUARANTEED RATE, INC. $15,685,000 $7,170,000 -54.3% 3.6%
    Dacotah Bank $1,550,000 $6,485,000 318.4% 3.3%
    Mortgage Research Center, LLC $6,795,000 $4,955,000 -27.1% 2.5%
    UNITED WHOLESALE MORTGAGE, LLC $3,015,000 $3,035,000 0.7% 1.5%
    HOME POINT FINANCIAL CORPORATION $9,705,000 $2,940,000 -69.7% 1.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $8,480,000 $2,690,000 -68.3% 1.4%
    Mr. Cooper ( Nationstar Mortgage ) $795,000 $2,680,000 237.1% 1.3%
    Wells Fargo Bank $2,185,000 $2,440,000 11.7% 1.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $3,790,000 $2,140,000 -43.5% 1.1%
    FREEDOM MORTGAGE CORPORATION $9,820,000 $1,870,000 -81.0% 0.9%
    Cornerstone Bank $55,000 $1,515,000 2,654.5% 0.8%
    Hometown Lenders, Inc. $1,380,000 n/a 0.7%
    PENNYMAC LOAN SERVICES, LLC $3,060,000 $1,345,000 -56.0% 0.7%
    USAA Federal Savings Bank $1,060,000 $1,235,000 16.5% 0.6%
    BANKWEST, INC. $1,970,000 $1,115,000 -43.4% 0.6%
    American Bank Center $420,000 $1,100,000 161.9% 0.6%
    TOWN AND COUNTRY Credit Union $1,060,000 $1,090,000 2.8% 0.5%
    Flagstar Bank, FSB $1,415,000 $1,065,000 -24.7% 0.5%
    GUILD MORTGAGE COMPANY $7,330,000 $1,020,000 -86.1% 0.5%
    CALIBER HOME LOANS, INC. $3,700,000 $935,000 -74.7% 0.5%
    BROKER SOLUTIONS, INC. $900,000 $875,000 -2.8% 0.4%
    Plains Commerce Bank $485,000 $870,000 79.4% 0.4%
    AMERISAVE MORTGAGE CORPORATION $3,945,000 $860,000 -78.2% 0.4%
    AMERICAN FINANCING CORPORATION $1,095,000 $735,000 -32.9% 0.4%
    JPMorgan Chase Bank $1,005,000 $705,000 -29.9% 0.4%
    IncredibleBank $655,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $395,000 $650,000 64.6% 0.3%
    NAVY FEDERAL CREDIT UNION $2,080,000 $605,000 -70.9% 0.3%
    The Federal Savings Bank $710,000 $600,000 -15.5% 0.3%
    Armed Forces Bank $555,000 n/a 0.3%
    American Mortgage & Equity Consultants, Inc. $185,000 $455,000 145.9% 0.2%
    Royal Credit Union $455,000 n/a 0.2%
    First Interstate Bank $450,000 n/a 0.2%
    NEWREZ LLC $2,900,000 $440,000 -84.8% 0.2%
    Unison Bank $125,000 $435,000 248.0% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $1,845,000 $430,000 -76.7% 0.2%
    Amerifirst Financial, Inc. $425,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $320,000 $410,000 28.1% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $400,000 $410,000 2.5% 0.2%
    Colonial Savings, F.A. $405,000 n/a 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $405,000 n/a 0.2%
    RBC Bank, (Georgia) $395,000 n/a 0.2%
    MID AMERICA MORTGAGE, INC. $660,000 $385,000 -41.7% 0.2%
    HOMESTAR FINANCIAL CORPORATION $265,000 $355,000 34.0% 0.2%
    The Huntington National Bank $205,000 $345,000 68.3% 0.2%
    Kirkwood Bank & Trust Co. $855,000 $340,000 -60.2% 0.2%
    Willamette Valley Bank $790,000 $325,000 -58.9% 0.2%
    CAPITAL CREDIT UNION $255,000 $315,000 23.5% 0.2%
    Ally Bank $345,000 $305,000 -11.6% 0.2%
    BOKF $305,000 n/a 0.2%
    Bank of England $4,480,000 $285,000 -93.6% 0.1%
    Northpointe Bank $285,000 n/a 0.1%
    Gateway First Bank $385,000 $275,000 -28.6% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $3,165,000 $275,000 -91.3% 0.1%
    21ST MORTGAGE CORPORATION $35,000 $270,000 671.4% 0.1%
    Lend Smart Mortgage, LLC $265,000 n/a 0.1%
    NATIONS RELIABLE LENDING, LLC $265,000 n/a 0.1%
    Stockman Bank of Montana $255,000 $265,000 3.9% 0.1%
    Commerce Home Mortgage, Inc. $245,000 n/a 0.1%
    The Central Trust Bank $245,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $235,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $235,000 n/a 0.1%
    AFFINITY PLUS $215,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $215,000 n/a 0.1%
    VILLAGE CAPITAL MORTGAGE $985,000 $195,000 -80.2% 0.1%
    American National Bank of Minnesota $165,000 n/a 0.1%
    First Savings Bank $770,000 $165,000 -78.6% 0.1%
    THRIVENT Federal Credit Union $160,000 n/a 0.1%
    MANN FINANCIAL INC. $255,000 $155,000 -39.2% 0.1%
    BMO Harris Bank $145,000 n/a 0.1%
    GUARANTEED RATE AFFINITY, LLC $145,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $125,000 n/a 0.1%
    Western State Bank $125,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $165,000 $115,000 -30.3% 0.1%
    Deerwood Bank $115,000 n/a 0.1%
    Figure Lending LLC $105,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $65,000 n/a 0.0%
    Centier Bank $55,000 n/a 0.0%
    Discover Bank $125,000 $55,000 -56.0% 0.0%
    STAR USA FEDERAL CREDIT UNION $25,000 n/a 0.0%

    Williston's top lender by overall market share is Gate City Bank, with 13.9% market share. In second place, with 10.4%, is U.S. Bank, having originated $20,705,000 in loans. In third place, with 8.7%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $17,255,000 in loans. In fourth place, with 7.1%, is First International Bank & Trust, having originated $14,110,000 in loans. In fifth place, with 5.0%, is AMCAP MORTGAGE, LTD., having originated $10,015,000 in loans.

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

    Realtor.com - Williston (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 $234,500 (-3.1%) $261,852 (-1.9%) 0.00 171
    2018-02-01 $229,675 (-4.6%) $258,040 (-1.8%) 0.00 178
    2018-03-01 $229,900 (-6.9%) $259,740 (-2.8%) 0.00 185
    2018-04-01 $238,000 (-8.3%) $267,166 (-4.2%) 0.00 192
    2018-05-01 $250,000 (0.0%) $290,368 (7.5%) 0.00 202
    2018-06-01 $257,000 (4.1%) $294,954 (10.6%) 0.00 188
    2018-07-01 $256,950 (4.5%) $285,713 (-1.3%) 0.00 189
    2018-08-01 $259,975 (3.8%) $297,400 (0.8%) 0.00 196
    2018-09-01 $259,950 (4.0%) $294,428 (2.9%) 0.00 204
    2018-10-01 $247,450 (7.1%) $293,917 (8.3%) 0.00 192
    2018-11-01 $249,925 (9.5%) $300,911 (12.7%) 0.00 178
    2018-12-01 $239,900 (6.6%) $302,358 (11.3%) 0.00 158
    2019-01-01 $242,475 (3.4%) $323,069 (23.4%) 0.00 133
    2019-02-01 $239,900 (4.5%) $307,926 (19.3%) 0.00 119
    2019-03-01 $245,000 (6.6%) $316,140 (21.7%) 0.00 115
    2019-04-01 $266,950 (12.2%) $311,860 (16.7%) 0.00 124
    2019-05-01 $279,450 (11.8%) $300,216 (3.4%) 0.00 130
    2019-06-01 $300,000 (16.7%) $331,505 (12.4%) 0.00 161
    2019-07-01 $299,450 (16.5%) $334,588 (17.1%) 0.00 154
    2019-08-01 $299,900 (15.4%) $337,806 (13.6%) 0.00 165
    2019-09-01 $284,950 (9.6%) $325,802 (10.7%) 0.00 147
    2019-10-01 $294,450 (19.0%) $323,589 (10.1%) 0.00 164
    2019-11-01 $292,500 (17.0%) $322,336 (7.1%) 0.00 172
    2019-12-01 $300,000 (25.1%) $325,555 (7.7%) 0.00 165
    2020-01-01 $297,425 (22.7%) $320,172 (-0.9%) 0.00 135
    2020-02-01 $292,450 (21.9%) $325,187 (5.6%) 0.00 126
    2020-03-01 $304,825 (24.4%) $336,370 (6.4%) 0.00 133
    2020-04-01 $298,950 (12.0%) $330,959 (6.1%) 0.00 142
    2020-05-01 $292,900 (4.8%) $327,323 (9.0%) 0.00 155
    2020-06-01 $275,000 (-8.3%) $302,517 (-8.7%) 0.00 143
    2020-07-01 $275,000 (-8.2%) $303,277 (-9.4%) 0.00 146
    2020-08-01 $274,950 (-8.3%) $300,373 (-11.1%) 0.00 171
    2020-09-01 $289,500 (1.6%) $297,724 (-8.6%) 0.00 182
    2020-10-01 $292,900 (-0.5%) $298,502 (-7.8%) 0.00 200
    2020-11-01 $279,975 (-4.3%) $305,533 (-5.2%) 0.00 212
    2020-12-01 $281,225 (-6.3%) $312,534 (-4.0%) 0.00 211
    2021-01-01 $289,000 (-2.8%) $318,611 (-0.5%) 0.00 202
    2021-02-01 $296,975 (1.6%) $326,215 (0.3%) 0.00 181
    2021-03-01 $299,000 (-1.9%) $327,156 (-2.7%) 0.00 176
    2021-04-01 $299,450 (0.2%) $330,487 (-0.1%) 0.00 177
    2021-05-01 $307,450 (5.0%) $331,269 (1.2%) 0.00 170
    2021-06-01 $321,500 (16.9%) $336,589 (11.3%) 0.00 167
    2021-07-01 $322,450 (17.3%) $335,036 (10.5%) 0.00 187
    2021-08-01 $294,450 (7.1%) $320,147 (6.6%) 0.00 201
    2021-09-01 $283,650 (-2.0%) $319,806 (7.4%) 0.00 190
    2021-10-01 $289,900 (-1.0%) $322,625 (8.1%) 0.00 185
    2021-11-01 $287,450 (2.7%) $323,426 (5.9%) 0.00 176
    2021-12-01 $271,250 (-3.6%) $318,384 (1.9%) 0.00 162
    2022-01-01 $297,500 (2.9%) $320,967 (0.7%) 0.00 130
    2022-02-01 $280,000 (-5.7%) $317,622 (-2.6%) 0.00 121
    2022-03-01 $352,450 (17.9%) $338,990 (3.6%) 0.00 93
    2022-04-01 $379,900 (26.9%) $354,371 (7.2%) 0.00 100
    2022-05-01 $377,450 (22.8%) $366,338 (10.6%) 0.00 99
    2022-06-01 $359,375 (11.8%) $364,040 (8.2%) 0.00 105
    2022-07-01 $375,000 (16.3%) $361,876 (8.0%) 0.00 128
    2022-08-01 $347,850 (18.1%) $349,436 (9.2%) 0.00 118
    2022-09-01 $357,450 (26.0%) $372,981 (16.6%) 0.00 119
    2022-10-01 $330,000 (13.8%) $383,425 (18.9%) 0.00 131
    2022-11-01 $359,900 (25.2%) $401,121 (24.0%) 0.00 128
    2022-12-01 $354,500 (30.7%) $405,862 (27.5%) 0.00 125
    2023-01-01 $381,175 (28.1%) $423,973 (32.1%) 0.00 123
    2023-02-01 $366,100 (30.8%) $421,709 (32.8%) 0.00 102
    2023-03-01 $379,950 (7.8%) $434,748 (28.3%) 0.00 88
    2023-04-01 $377,000 (-0.8%) $391,776 (10.6%) 0.00 70
    Williston's median listing price for 2023-04-01 was $377,000, a difference of $-2,900 (-0.8%) versus the prior year and $-2,950 versus the prior month.

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

    Williston's average listing price for 2023-04-01 was $391,776, a difference of $37,405 (10.6%) versus the prior year and $-42,972 versus the prior month.

    For the 2023-04-01 period, Williston had 70 MLS listings, a difference of -18 listings (-20%) versus the prior month and -30 listings (-30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Williston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,004 sqft
    2018-02-01 0 days 1,886 sqft
    2018-03-01 0 days 1,819 sqft
    2018-04-01 0 days 1,901 sqft
    2018-05-01 0 days 2,000 sqft
    2018-06-01 0 days 1,978 sqft
    2018-07-01 0 days 1,931 sqft
    2018-08-01 0 days 1,994 sqft
    2018-09-01 0 days 1,989 sqft
    2018-10-01 0 days 1,900 sqft
    2018-11-01 0 days 1,921 sqft
    2018-12-01 0 days 1,920 sqft
    2019-01-01 0 days 1,956 sqft
    2019-02-01 0 days 1,952 sqft
    2019-03-01 0 days 1,983 sqft
    2019-04-01 0 days 1,899 sqft
    2019-05-01 0 days 1,882 sqft
    2019-06-01 0 days 2,040 sqft
    2019-07-01 0 days 2,091 sqft
    2019-08-01 0 days 2,112 sqft
    2019-09-01 0 days 2,160 sqft
    2019-10-01 0 days 2,158 sqft
    2019-11-01 0 days 2,130 sqft
    2019-12-01 0 days 2,106 sqft
    2020-01-01 0 days 2,079 sqft
    2020-02-01 0 days 2,013 sqft
    2020-03-01 0 days 2,025 sqft
    2020-04-01 0 days 2,083 sqft
    2020-05-01 0 days 2,084 sqft
    2020-06-01 0 days 2,056 sqft
    2020-07-01 0 days 2,046 sqft
    2020-08-01 0 days 2,072 sqft
    2020-09-01 0 days 2,030 sqft
    2020-10-01 0 days 2,150 sqft
    2020-11-01 0 days 2,030 sqft
    2020-12-01 0 days 2,083 sqft
    2021-01-01 0 days 2,128 sqft
    2021-02-01 0 days 2,202 sqft
    2021-03-01 0 days 2,184 sqft
    2021-04-01 0 days 2,243 sqft
    2021-05-01 0 days 2,280 sqft
    2021-06-01 0 days 2,272 sqft
    2021-07-01 0 days 2,244 sqft
    2021-08-01 0 days 2,097 sqft
    2021-09-01 0 days 2,099 sqft
    2021-10-01 0 days 2,156 sqft
    2021-11-01 0 days 2,196 sqft
    2021-12-01 0 days 2,150 sqft
    2022-01-01 0 days 2,174 sqft
    2022-02-01 0 days 2,189 sqft
    2022-03-01 0 days 1,895 sqft
    2022-04-01 0 days 1,820 sqft
    2022-05-01 0 days 1,805 sqft
    2022-06-01 0 days 1,897 sqft
    2022-07-01 0 days 1,832 sqft
    2022-08-01 0 days 1,821 sqft
    2022-09-01 0 days 1,823 sqft
    2022-10-01 0 days 1,890 sqft
    2022-11-01 0 days 1,906 sqft
    2022-12-01 0 days 1,847 sqft
    2023-01-01 0 days 1,821 sqft
    2023-02-01 0 days 1,741 sqft
    2023-03-01 0 days 1,785 sqft
    2023-04-01 0 days 1,756 sqft
    Williston's median listing age (time on market) for 2023-04-01 was 0 days.

    Williston's median square footage for active listings during the 2023-04-01 period was 1,756 sqft. One year prior, the average listing was 1,820 sqft.

    Williston, ND Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 507 $153,745,000 $303,245
    Refi 78 $26,380,000 $338,205
    Cash Out Refi 60 $13,840,000 $230,667
    Home Improvement 47 $3,135,000 $66,702
    Other 21 $1,825,000 $86,905

    Williston's most frequently cited loan purpose was Home Purchase, with 507 originations. The 2nd most popular reason was Refi, with 78 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 187 $57,075,000 $305,214
    4-5% 172 $44,910,000 $261,105
    3-4% 167 $51,965,000 $311,168
    6-7% 87 $22,935,000 $263,621
    2.5-3% 37 $10,185,000 $275,270
    7-8% 34 $7,020,000 $206,471
    <2.5% 14 $3,250,000 $232,143
    Over 8% 11 $645,000 $58,636

    During 2022, Williston's most frequently originated rate bucket was 5-6%, with 187 originations.

    Loan Sizing (Williston, ND MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 394 $114,200,000 $289,848
    $100k-200k 149 $22,225,000 $149,161
    $100,000 or less 82 $4,620,000 $56,341
    $400k-600k 74 $34,460,000 $465,676
    $600k-1000k 9 $6,695,000 $743,889
    $Over $1MM 5 $16,725,000 $3,345,000

    Williston's loan sizing saw the bucket of loans from $200k-400k with 394 originations, totaling $114,200,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 443 $135,265,000 $305,339
    60-80% 125 $40,065,000 $320,520
    Under 20% 47 $2,355,000 $50,106
    20-40% 38 $4,030,000 $106,053
    40-60% 38 $10,760,000 $283,158
    Over 100% 12 $3,640,000 $303,333

    Williston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 443 originations, totaling $135,265,000 in origination value.