Willmar Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Willmar averaged
6.1%
for the week of 2024-10-03, compared to the national average of
6.12% for the same period.
The average rate for the prior week (2024-09-26) was
6.16% and
one month ago for the week of 2024-08-29, the
average rate was 6.33%.
Willmar's average rate one year ago was 7.29%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.72%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Willmar 30 Year Fixed Rate | 2024-10-03 | 6.1% |
Willmar 30 Year Fixed Rate Refi | 2024-10-03 | 6.72% |
Willmar 15 Year Fixed Rate | 2024-10-03 | 5.35% |
Willmar 15 Year Fixed Rate Refi | 2024-10-03 | 5.35% |
Willmar 30 Year FHA | 2024-10-03 | 5.69% |
Willmar 30 Year FHA Refi | 2024-10-03 | 5.79% |
Willmar 30 Year USDA | 2024-10-03 | 6.07% |
Willmar 30 Year USDA Refi | 2024-10-03 | 6.07% |
Willmar 30 Year VA | 2024-10-03 | 5.6% |
Willmar 30 Year VA Refi | 2024-10-03 | 5.6% |
Willmar 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 Willmar, 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.).
Willmar Average Closing Costs & Other Stats
Willmar, MN's 60 lenders originated 571
loans during 2023. The total origination value was $127,265,000, with an average loan value of
$222,881.
Willmar's average closing costs are $4,542.
The top Willmar lender as defined by loan originations is Heritage Bank, with
35 loans originated. Their average total fees are
$5,116, which is $101
higher than the next largest lender,
Bremer Bank.
The lowest fee Willmar lenders (with over 10 loans originated) are
CENTRAL MINNESOTA Credit Union ($2,982), U.S. Bank ($4,498), Bremer Bank ($5,016), Heritage Bank ($5,116) and HOMEOWNERS FINANCIAL GROUP USA, LLC ($5,144).
The lowest rate Willmar lenders (with over 10 loans originated) are
Bremer Bank (6.78%), CENTRAL MINNESOTA Credit Union (6.78%), U.S. Bank (6.79%), Heritage Bank (6.87%) and UNITED WHOLESALE MORTGAGE, LLC (6.97%).
Willmar, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
WINGS FINANCIAL | $160,000 | $14,320,000 | 8,850.0% | 11.3% |
Bremer Bank | $20,225,000 | $14,265,000 | -29.5% | 11.2% |
Heritage Bank | $17,335,000 | $12,150,000 | -29.9% | 9.5% |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $6,490,000 | $6,855,000 | 5.6% | 5.4% |
UNITED WHOLESALE MORTGAGE, LLC | $9,710,000 | $6,495,000 | -33.1% | 5.1% |
CENTRAL MINNESOTA Credit Union | $11,740,000 | $5,150,000 | -56.1% | 4.0% |
QUICKEN LOANS, LLC | $8,280,000 | $4,365,000 | -47.3% | 3.4% |
U.S. Bank | $7,825,000 | $3,210,000 | -59.0% | 2.5% |
AFFINITY PLUS | $1,075,000 | $3,060,000 | 184.7% | 2.4% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $995,000 | $2,445,000 | 145.7% | 1.9% |
EVERETT FINANCIAL, INC. | $3,000,000 | $2,240,000 | -25.3% | 1.8% |
Kensington Bank | $2,220,000 | n/a | 1.7% | |
First Savings Bank | $3,680,000 | $2,160,000 | -41.3% | 1.7% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $7,380,000 | $2,155,000 | -70.8% | 1.7% |
CROSSCOUNTRY MORTGAGE, LLC | $1,705,000 | $2,145,000 | 25.8% | 1.7% |
Citizens Alliance Bank | $1,750,000 | $2,000,000 | 14.3% | 1.6% |
Flagstar Bank, FSB | $3,745,000 | $1,905,000 | -49.1% | 1.5% |
GUARANTEED RATE, INC. | $1,275,000 | $1,810,000 | 42.0% | 1.4% |
HomeTown Bank | $1,050,000 | $1,665,000 | 58.6% | 1.3% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,910,000 | $1,630,000 | -14.7% | 1.3% |
Prosperity Home Mortgage, LLC | $1,270,000 | $1,545,000 | 21.7% | 1.2% |
Minnwest Bank | $730,000 | $1,450,000 | 98.6% | 1.1% |
BROKER SOLUTIONS, INC. | $670,000 | $1,390,000 | 107.5% | 1.1% |
LOANDEPOT.COM, LLC | $1,580,000 | $1,380,000 | -12.7% | 1.1% |
PENNYMAC LOAN SERVICES, LLC | $2,375,000 | $1,170,000 | -50.7% | 0.9% |
Mortgage Research Center, LLC | $1,805,000 | $1,095,000 | -39.3% | 0.9% |
Wells Fargo Bank | $4,605,000 | $1,020,000 | -77.9% | 0.8% |
JPMorgan Chase Bank | $920,000 | $970,000 | 5.4% | 0.8% |
The Huntington National Bank | $200,000 | $955,000 | 377.5% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $1,365,000 | $865,000 | -36.6% | 0.7% |
Servion, Inc. | $3,945,000 | $865,000 | -78.1% | 0.7% |
First Bank & Trust | $215,000 | $860,000 | 300.0% | 0.7% |
SOUTHPOINT FINANCIAL | $205,000 | $770,000 | 275.6% | 0.6% |
ST. CLOUD FINANCIAL | $410,000 | $740,000 | 80.5% | 0.6% |
CARDINAL FINANCIAL | $200,000 | $735,000 | 267.5% | 0.6% |
Bell Bank | $1,935,000 | $670,000 | -65.4% | 0.5% |
UNION HOME MORTGAGE CORP. | $305,000 | $660,000 | 116.4% | 0.5% |
MOVEMENT MORTGAGE, LLC | $295,000 | $645,000 | 118.6% | 0.5% |
AgCountry Farm Credit Services, FLCA | $350,000 | $610,000 | 74.3% | 0.5% |
The Central Trust Bank | $595,000 | n/a | 0.5% | |
ZILLOW HOME LOANS, LLC | $555,000 | n/a | 0.4% | |
The First National Bank in Sioux Falls | $545,000 | n/a | 0.4% | |
Farmers Bank & Trust | $515,000 | n/a | 0.4% | |
The Federal Savings Bank | $255,000 | $505,000 | 98.0% | 0.4% |
SPIRE Credit Union | $95,000 | $495,000 | 421.1% | 0.4% |
NAVY FEDERAL CREDIT UNION | $235,000 | $485,000 | 106.4% | 0.4% |
COMPEER FINANCIAL, FLCA | $1,145,000 | $480,000 | -58.1% | 0.4% |
Liberty Bank Minnesota | $480,000 | n/a | 0.4% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $470,000 | $480,000 | 2.1% | 0.4% |
PREMIA MORTGAGE, LLC | $325,000 | $465,000 | 43.1% | 0.4% |
Truist | $630,000 | $420,000 | -33.3% | 0.3% |
Bank Midwest | $95,000 | $385,000 | 305.3% | 0.3% |
HIWAY | $390,000 | $385,000 | -1.3% | 0.3% |
TOPLINE FEDERAL CREDIT UNION | $355,000 | $370,000 | 4.2% | 0.3% |
Royal Credit Union | $260,000 | $360,000 | 38.5% | 0.3% |
Plains Commerce Bank | $1,340,000 | $330,000 | -75.4% | 0.3% |
Ally Bank | $325,000 | n/a | 0.3% | |
BMO Harris Bank | $310,000 | n/a | 0.2% | |
Deerwood Bank | $685,000 | $305,000 | -55.5% | 0.2% |
First Western Bank & Trust | $925,000 | $300,000 | -67.6% | 0.2% |
Manufacturers Bank & Trust Company | $295,000 | n/a | 0.2% | |
First National Bank | $285,000 | n/a | 0.2% | |
Security Bank & Trust Company | $285,000 | n/a | 0.2% | |
NEWREZ LLC | $1,185,000 | $260,000 | -78.1% | 0.2% |
Community Resource Bank | $255,000 | n/a | 0.2% | |
GUARANTY HOME MORTGAGE CORPORATION | $255,000 | n/a | 0.2% | |
Mr. Cooper ( Nationstar Mortgage ) | $1,165,000 | $250,000 | -78.5% | 0.2% |
The State Bank of Faribault | $245,000 | n/a | 0.2% | |
TOTAL MORTGAGE SERVICES, LLC | $240,000 | n/a | 0.2% | |
Discover Bank | $215,000 | n/a | 0.2% | |
GUARANTEED RATE AFFINITY, LLC | $215,000 | n/a | 0.2% | |
Citizens Independent Bank | $205,000 | n/a | 0.2% | |
First National Community Bank | $205,000 | n/a | 0.2% | |
GENEVA FINANCIAL, LLC | $205,000 | n/a | 0.2% | |
Lakeview Bank | $205,000 | n/a | 0.2% | |
PENTAGON FEDERAL CREDIT UNION | $45,000 | $205,000 | 355.6% | 0.2% |
DRAPER AND KRAMER MORTGAGE CORP. | $165,000 | $195,000 | 18.2% | 0.2% |
Flagship Banks Minnesota | $195,000 | n/a | 0.2% | |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $185,000 | n/a | 0.1% | |
BankVista | $235,000 | $185,000 | -21.3% | 0.1% |
Citizens Bank | $185,000 | n/a | 0.1% | |
North Shore Bank of Commerce | $185,000 | n/a | 0.1% | |
American Mortgage & Equity Consultants, Inc. | $305,000 | $170,000 | -44.3% | 0.1% |
Frandsen Bank & Trust | $380,000 | $165,000 | -56.6% | 0.1% |
CMG MORTGAGE, INC. | $355,000 | $160,000 | -54.9% | 0.1% |
Carrington Mortgage Services, LLC | $130,000 | n/a | 0.1% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $125,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $495,000 | $125,000 | -74.7% | 0.1% |
Third Federal Savings and Loan Association of Cleveland | $125,000 | n/a | 0.1% | |
IDEAL | $115,000 | n/a | 0.1% | |
Coastal Community Bank | $105,000 | n/a | 0.1% | |
CORTRUST MORTGAGE, INC. | $200,000 | $105,000 | -47.5% | 0.1% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $105,000 | n/a | 0.1% | |
Bonanza Valley State Bank | $100,000 | n/a | 0.1% | |
ARC HOME LLC | $95,000 | n/a | 0.1% | |
Citibank | $95,000 | n/a | 0.1% | |
LIMA ONE CAPITAL, LLC | $95,000 | n/a | 0.1% | |
Baxter Credit Union | $175,000 | $75,000 | -57.1% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $75,000 | n/a | 0.1% | |
CHURCHILL MORTGAGE CORPORATION | $225,000 | $65,000 | -71.1% | 0.1% |
Community Development Bank, FSB | $65,000 | n/a | 0.1% | |
Central Bank | $385,000 | $55,000 | -85.7% | 0.0% |
Old National Bank | $55,000 | n/a | 0.0% |
Willmar's top lender by overall market share is WINGS FINANCIAL, with 11.3% market share. In second place, with 11.2%, is Bremer Bank, having originated $14,265,000 in loans. In third place, with 9.5%, is Heritage Bank, having originated $12,150,000 in loans. In fourth place, with 5.4%, is HOMEOWNERS FINANCIAL GROUP USA, LLC, having originated $6,855,000 in loans. In fifth place, with 5.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $6,495,000 in loans.
Willmar Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Willmar (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 | $251,069 (18.8%) | $324,892 (5.0%) | 0.00 | 169 |
2018-02-01 | $254,500 (15.5%) | $321,755 (5.0%) | 0.00 | 174 |
2018-03-01 | $266,100 (16.5%) | $326,029 (5.0%) | 0.00 | 189 |
2018-04-01 | $269,675 (8.9%) | $337,277 (4.0%) | 0.00 | 197 |
2018-05-01 | $272,975 (13.1%) | $336,707 (2.2%) | 0.00 | 212 |
2018-06-01 | $249,000 (2.4%) | $324,797 (-2.3%) | 0.00 | 229 |
2018-07-01 | $239,450 (-4.2%) | $308,774 (-8.6%) | 0.00 | 232 |
2018-08-01 | $232,450 (-5.3%) | $303,730 (-6.6%) | 0.00 | 222 |
2018-09-01 | $244,944 (-0.4%) | $313,083 (-2.1%) | 0.00 | 221 |
2018-10-01 | $233,050 (-1.0%) | $311,714 (-0.5%) | 0.00 | 233 |
2018-11-01 | $222,125 (-10.0%) | $311,562 (-2.5%) | 0.00 | 222 |
2018-12-01 | $217,500 (-12.7%) | $294,332 (-10.7%) | 0.00 | 198 |
2019-01-01 | $199,447 (-20.6%) | $287,931 (-11.4%) | 0.00 | 171 |
2019-02-01 | $220,800 (-13.2%) | $332,817 (3.4%) | 0.00 | 158 |
2019-03-01 | $224,999 (-15.5%) | $330,116 (1.3%) | 0.00 | 176 |
2019-04-01 | $229,950 (-14.7%) | $318,801 (-5.5%) | 0.00 | 197 |
2019-05-01 | $242,394 (-11.2%) | $321,319 (-4.6%) | 0.00 | 225 |
2019-06-01 | $254,977 (2.4%) | $339,357 (4.5%) | 0.00 | 228 |
2019-07-01 | $275,000 (14.9%) | $352,034 (14.0%) | 0.00 | 234 |
2019-08-01 | $282,055 (21.3%) | $357,383 (17.7%) | 0.00 | 224 |
2019-09-01 | $272,461 (11.2%) | $352,138 (12.5%) | 0.00 | 224 |
2019-10-01 | $259,500 (11.4%) | $344,206 (10.4%) | 0.00 | 224 |
2019-11-01 | $259,500 (16.8%) | $337,697 (8.4%) | 0.00 | 209 |
2019-12-01 | $249,600 (14.8%) | $329,754 (12.0%) | 0.00 | 210 |
2020-01-01 | $256,050 (28.4%) | $330,289 (14.7%) | 0.00 | 198 |
2020-02-01 | $260,000 (17.8%) | $328,618 (-1.3%) | 0.00 | 190 |
2020-03-01 | $282,225 (25.4%) | $341,089 (3.3%) | 0.00 | 183 |
2020-04-01 | $278,597 (21.2%) | $340,676 (6.9%) | 0.00 | 180 |
2020-05-01 | $289,900 (19.6%) | $360,025 (12.1%) | 0.00 | 180 |
2020-06-01 | $282,450 (10.8%) | $370,896 (9.3%) | 0.00 | 178 |
2020-07-01 | $255,000 (-7.3%) | $354,107 (0.6%) | 0.00 | 186 |
2020-08-01 | $256,950 (-8.9%) | $353,745 (-1.0%) | 0.00 | 163 |
2020-09-01 | $257,425 (-5.5%) | $347,001 (-1.5%) | 0.00 | 149 |
2020-10-01 | $250,000 (-3.7%) | $330,910 (-3.9%) | 0.00 | 125 |
2020-11-01 | $244,950 (-5.6%) | $335,422 (-0.7%) | 0.00 | 108 |
2020-12-01 | $281,675 (12.9%) | $370,154 (12.3%) | 0.00 | 80 |
2021-01-01 | $270,000 (5.5%) | $392,639 (18.9%) | 0.00 | 66 |
2021-02-01 | $269,900 (3.8%) | $401,632 (22.2%) | 0.00 | 70 |
2021-03-01 | $303,444 (7.5%) | $397,728 (16.6%) | 0.00 | 68 |
2021-04-01 | $288,000 (3.4%) | $448,335 (31.6%) | 0.00 | 78 |
2021-05-01 | $232,500 (-19.8%) | $380,520 (5.7%) | 0.00 | 83 |
2021-06-01 | $234,999 (-16.8%) | $389,882 (5.1%) | 0.00 | 83 |
2021-07-01 | $231,900 (-9.1%) | $358,108 (1.1%) | 0.00 | 96 |
2021-08-01 | $250,000 (-2.7%) | $365,109 (3.2%) | 0.00 | 106 |
2021-09-01 | $228,175 (-11.4%) | $359,051 (3.5%) | 0.00 | 93 |
2021-10-01 | $215,000 (-14.0%) | $336,595 (1.7%) | 0.00 | 87 |
2021-11-01 | $187,450 (-23.5%) | $298,167 (-11.1%) | 0.00 | 81 |
2021-12-01 | $202,000 (-28.3%) | $282,292 (-23.7%) | 0.00 | 59 |
2022-01-01 | $215,000 (-20.4%) | $301,287 (-23.3%) | 0.00 | 40 |
2022-02-01 | $254,750 (-5.6%) | $364,118 (-9.3%) | 0.00 | 30 |
2022-03-01 | $254,000 (-16.3%) | $401,602 (1.0%) | 0.00 | 31 |
2022-04-01 | $257,000 (-10.8%) | $382,414 (-14.7%) | 0.00 | 35 |
2022-05-01 | $262,500 (12.9%) | $401,114 (5.4%) | 0.00 | 48 |
2022-06-01 | $267,475 (13.8%) | $383,012 (-1.8%) | 0.00 | 64 |
2022-07-01 | $272,500 (17.5%) | $370,411 (3.4%) | 0.00 | 70 |
2022-08-01 | $316,250 (26.5%) | $425,735 (16.6%) | 0.00 | 63 |
2022-09-01 | $297,250 (30.3%) | $457,582 (27.4%) | 0.00 | 54 |
2022-10-01 | $345,000 (60.5%) | $493,186 (46.5%) | 0.00 | 62 |
2022-11-01 | $353,450 (88.6%) | $479,809 (60.9%) | 0.00 | 56 |
2022-12-01 | $340,000 (68.3%) | $468,489 (66.0%) | 0.00 | 50 |
2023-01-01 | $340,000 (58.1%) | $461,695 (53.2%) | 0.00 | 40 |
2023-02-01 | $358,944 (40.9%) | $458,843 (26.0%) | 0.00 | 35 |
2023-03-01 | $349,250 (37.5%) | $447,673 (11.5%) | 0.00 | 38 |
2023-04-01 | $334,000 (30.0%) | $465,589 (21.8%) | 0.00 | 32 |
2023-05-01 | $318,850 (21.5%) | $436,904 (8.9%) | 0.00 | 38 |
2023-06-01 | $357,475 (33.7%) | $466,612 (21.8%) | 0.00 | 59 |
2023-07-01 | $350,000 (28.4%) | $428,475 (15.7%) | 0.00 | 71 |
2023-08-01 | $365,950 (15.7%) | $452,069 (6.2%) | 0.00 | 79 |
2023-09-01 | $345,000 (16.1%) | $400,103 (-12.6%) | 0.00 | 81 |
2023-10-01 | $344,500 (-0.1%) | $397,590 (-19.4%) | 0.00 | 78 |
2023-11-01 | $335,000 (-5.2%) | $386,410 (-19.5%) | 0.00 | 78 |
2023-12-01 | $342,500 (0.7%) | $380,197 (-18.9%) | 0.00 | 66 |
2024-01-01 | $374,950 (10.3%) | $466,320 (1.0%) | 0.00 | 51 |
2024-02-01 | $385,425 (7.4%) | $506,370 (10.4%) | 0.00 | 51 |
2024-03-01 | $374,500 (7.2%) | $500,948 (11.9%) | 0.00 | 47 |
2024-04-01 | $384,450 (15.1%) | $508,764 (9.3%) | 0.00 | 52 |
2024-05-01 | $384,900 (20.7%) | $538,357 (23.2%) | 0.00 | 65 |
2024-06-01 | $384,900 (7.7%) | $485,735 (4.1%) | 0.00 | 68 |
2024-07-01 | $386,950 (10.6%) | $493,951 (15.3%) | 0.00 | 70 |
2024-08-01 | $395,000 (7.9%) | $501,926 (11.0%) | 0.00 | 77 |
2024-09-01 | $387,425 (12.3%) | $471,427 (17.8%) | 0.00 | 82 |
Willmar's median listing price comes in at 0% of the national average.
Willmar's average listing price for 2024-09-01 was $471,427, a difference of $71,324 (17.8%) versus the prior year and $-30,499 versus the prior month.
For the 2024-09-01 period, Willmar had 82 MLS listings, a difference of 5 listings (6%) versus the prior month and 1 listings (1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Willmar (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,428 sqft |
2018-02-01 | 0 days | 2,435 sqft |
2018-03-01 | 0 days | 2,432 sqft |
2018-04-01 | 0 days | 2,434 sqft |
2018-05-01 | 0 days | 2,398 sqft |
2018-06-01 | 0 days | 2,344 sqft |
2018-07-01 | 0 days | 2,346 sqft |
2018-08-01 | 0 days | 2,323 sqft |
2018-09-01 | 0 days | 2,348 sqft |
2018-10-01 | 0 days | 2,343 sqft |
2018-11-01 | 0 days | 2,269 sqft |
2018-12-01 | 0 days | 2,190 sqft |
2019-01-01 | 0 days | 2,189 sqft |
2019-02-01 | 0 days | 2,355 sqft |
2019-03-01 | 0 days | 2,181 sqft |
2019-04-01 | 0 days | 2,087 sqft |
2019-05-01 | 0 days | 2,118 sqft |
2019-06-01 | 0 days | 2,210 sqft |
2019-07-01 | 0 days | 2,264 sqft |
2019-08-01 | 0 days | 2,214 sqft |
2019-09-01 | 0 days | 2,131 sqft |
2019-10-01 | 0 days | 2,070 sqft |
2019-11-01 | 0 days | 2,072 sqft |
2019-12-01 | 0 days | 2,108 sqft |
2020-01-01 | 0 days | 2,084 sqft |
2020-02-01 | 0 days | 2,084 sqft |
2020-03-01 | 0 days | 2,071 sqft |
2020-04-01 | 0 days | 1,953 sqft |
2020-05-01 | 0 days | 2,120 sqft |
2020-06-01 | 0 days | 2,189 sqft |
2020-07-01 | 0 days | 2,193 sqft |
2020-08-01 | 0 days | 2,158 sqft |
2020-09-01 | 0 days | 2,217 sqft |
2020-10-01 | 0 days | 2,229 sqft |
2020-11-01 | 0 days | 2,214 sqft |
2020-12-01 | 0 days | 2,361 sqft |
2021-01-01 | 0 days | 2,387 sqft |
2021-02-01 | 0 days | 2,520 sqft |
2021-03-01 | 0 days | 2,577 sqft |
2021-04-01 | 0 days | 2,341 sqft |
2021-05-01 | 0 days | 2,075 sqft |
2021-06-01 | 0 days | 2,020 sqft |
2021-07-01 | 0 days | 2,028 sqft |
2021-08-01 | 0 days | 2,026 sqft |
2021-09-01 | 0 days | 1,972 sqft |
2021-10-01 | 0 days | 1,976 sqft |
2021-11-01 | 0 days | 1,948 sqft |
2021-12-01 | 0 days | 1,818 sqft |
2022-01-01 | 0 days | 1,976 sqft |
2022-02-01 | 0 days | 2,103 sqft |
2022-03-01 | 0 days | 2,033 sqft |
2022-04-01 | 0 days | 2,160 sqft |
2022-05-01 | 0 days | 1,976 sqft |
2022-06-01 | 0 days | 2,153 sqft |
2022-07-01 | 0 days | 2,069 sqft |
2022-08-01 | 0 days | 2,239 sqft |
2022-09-01 | 0 days | 2,228 sqft |
2022-10-01 | 0 days | 2,241 sqft |
2022-11-01 | 0 days | 2,199 sqft |
2022-12-01 | 0 days | 1,996 sqft |
2023-01-01 | 0 days | 1,978 sqft |
2023-02-01 | 0 days | 2,013 sqft |
2023-03-01 | 0 days | 2,195 sqft |
2023-04-01 | 0 days | 2,025 sqft |
2023-05-01 | 0 days | 2,032 sqft |
2023-06-01 | 0 days | 2,299 sqft |
2023-07-01 | 0 days | 2,057 sqft |
2023-08-01 | 0 days | 2,083 sqft |
2023-09-01 | 0 days | 2,054 sqft |
2023-10-01 | 0 days | 2,084 sqft |
2023-11-01 | 0 days | 2,022 sqft |
2023-12-01 | 0 days | 1,989 sqft |
2024-01-01 | 0 days | 2,028 sqft |
2024-02-01 | 0 days | 2,002 sqft |
2024-03-01 | 0 days | 2,002 sqft |
2024-04-01 | 0 days | 2,002 sqft |
2024-05-01 | 0 days | 2,080 sqft |
2024-06-01 | 0 days | 2,054 sqft |
2024-07-01 | 0 days | 2,171 sqft |
2024-08-01 | 0 days | 2,178 sqft |
2024-09-01 | 0 days | 2,138 sqft |
Willmar's median square footage for active listings during the 2024-09-01 period was 2,138 sqft. One year prior, the average listing was 2,054 sqft.
Willmar, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 387 | $88,695,000 | $229,186 |
Cash Out Refi | 57 | $23,615,000 | $414,298 |
Other | 49 | $5,085,000 | $103,776 |
Refi | 46 | $6,900,000 | $150,000 |
Home Improvement | 32 | $2,970,000 | $92,813 |
Willmar's most frequently cited loan purpose was Home Purchase, with 387 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 226 | $50,950,000 | $225,442 |
7-8% | 137 | $29,685,000 | $216,679 |
Over 8% | 81 | $9,935,000 | $122,654 |
5-6% | 62 | $27,760,000 | $447,742 |
<2.5% | 17 | $245,000 | $14,412 |
4-5% | 2 | $810,000 | $405,000 |
During 2023, Willmar's most frequently originated rate bucket was 6-7%, with 226 originations.
Loan Sizing (Willmar, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 194 | $29,320,000 | $151,134 |
$200k-400k | 177 | $47,685,000 | $269,407 |
$100,000 or less | 150 | $7,370,000 | $49,133 |
$400k-600k | 32 | $15,380,000 | $480,625 |
$600k-1000k | 15 | $11,155,000 | $743,667 |
$Over $1MM | 3 | $16,355,000 | $5,451,667 |
Willmar's loan sizing saw the bucket of loans from $100k-200k with 194 originations, totaling $29,320,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 223 | $56,845,000 | $254,910 |
60-80% | 117 | $43,485,000 | $371,667 |
Under 20% | 87 | $3,255,000 | $37,414 |
20-40% | 56 | $6,100,000 | $108,929 |
40-60% | 48 | $9,640,000 | $200,833 |
Willmar's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 223 originations, totaling $56,845,000 in origination value.