Willmar Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Willmar averaged 7.06% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 7.07% and one month ago for the week of 2024-10-10, the average rate was 6.3%.

    Willmar's average rate one year ago was 7.38%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Willmar 30 Year Fixed Rate 2024-11-14 7.06%
    Willmar 30 Year Fixed Rate Refi 2024-11-14 7.08%
    Willmar 15 Year Fixed Rate 2024-11-14 5.89%
    Willmar 15 Year Fixed Rate Refi 2024-11-14 6.29%
    Willmar 30 Year FHA 2024-11-14 0%
    Willmar 30 Year FHA Refi 2024-11-14 0.2%
    Willmar 30 Year USDA 2024-11-14 -0.1%
    Willmar 30 Year USDA Refi 2024-11-14 -0.1%
    Willmar 30 Year VA 2024-11-14 0%
    Willmar 30 Year VA Refi 2024-11-14 -0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Willmar, MN.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Heritage Bank 35 6.87% $5,116
    Bremer Bank 24 6.78% $5,016
    HOMEOWNERS FINANCIAL GROUP USA, LLC 18 7.10% $5,144
    CENTRAL MINNESOTA Credit Union 16 6.78% $2,982
    UNITED WHOLESALE MORTGAGE, LLC 13 6.97% $7,145
    U.S. Bank 10 6.79% $4,498
    QUICKEN LOANS, LLC 7 6.94% $7,478
    First Savings Bank 7 6.50% $4,873
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 6 6.44% $5,900
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.92% $3,386
    AFFINITY PLUS 6 6.31% $4,226
    GUARANTEED RATE, INC. 5 6.98% $4,744
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.95% $6,470
    BROKER SOLUTIONS, INC. 5 7.28% $7,773
    LOANDEPOT.COM, LLC 4 6.59% $4,404
    Servion, Inc. 4 6.75% $4,632
    CROSSCOUNTRY MORTGAGE, LLC 4 7.47% $9,504
    Prosperity Home Mortgage, LLC 4 7.13% $5,224
    PENNYMAC LOAN SERVICES, LLC 4 7.25% $3,907
    Minnwest Bank 4 6.22% $5,940
    Wells Fargo Bank 3 6.75% $5,273
    EVERETT FINANCIAL, INC. 3 7.33% $6,792
    The Huntington National Bank 3 6.66% $6,999
    Flagstar Bank, FSB 3 7.17% $7,166
    Truist 2 6.44% $4,662
    Bell Bank 2 7.13% $7,883
    CARDINAL FINANCIAL 2 6.50% $8,545
    JPMorgan Chase Bank 2 6.81% $7,203
    MOVEMENT MORTGAGE, LLC 2 7.63% $4,326
    Mr. Cooper ( Nationstar Mortgage ) 2 6.24% $6,107
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.18% $4,486
    Royal Credit Union 2 6.56% $7,005
    ST. CLOUD FINANCIAL 2 6.75% $6,877
    UNION HOME MORTGAGE CORP. 2 7.75% $5,691
    ZILLOW HOME LOANS, LLC 1 6.75% $3,245
    ARC HOME LLC 1 6.50% $2,986
    NAVY FEDERAL CREDIT UNION 1 8.25% $10,901
    NEWREZ LLC 1 7.25% $5,325
    First Bank & Trust 1 6.50% $4,426
    Plains Commerce Bank 1 7.00% $3,560
    PREMIA MORTGAGE, LLC 1 6.38% $2,999
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.38% $3,545
    Farmers Bank & Trust 1 6.88% $3,924
    Deerwood Bank 1 5.63% $4,838
    Ally Bank 1 5.88% $12,728
    CORTRUST MORTGAGE, INC. 1 6.75% $3,738
    SPIRE Credit Union 1 8.13% $4,672
    WINGS FINANCIAL 1 5.38% $3,307
    The Central Trust Bank 1 7.50% $3,062
    The First National Bank in Sioux Falls 1 7.13% $8,527
    COMPEER FINANCIAL, FLCA 1 7.50% $4,242
    TOPLINE FEDERAL CREDIT UNION 1 6.63% $2,878
    Citizens Bank 1 7.00% $3,556
    GUARANTY HOME MORTGAGE CORPORATION 1 6.50% $7,595
    HIWAY 1 6.13% $2,890
    GENEVA FINANCIAL, LLC 1 7.50% $11,806
    Citibank 1 7.00% $2,767
    FREEDOM MORTGAGE CORPORATION 1 5.75% $5,561
    First National Bank 1 6.62% $4,087
    Mortgage Research Center, LLC 1 6.99% $0

    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. Louis
    Date 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
    2024-10-01 $384,925 (11.7%) $488,788 (22.9%) 0.00 104
    Willmar's median listing price for 2024-10-01 was $384,925, a difference of $40,425 (11.7%) versus the prior year and $-2,500 versus the prior month.

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

    Willmar's average listing price for 2024-10-01 was $488,788, a difference of $91,198 (22.9%) versus the prior year and $17,361 versus the prior month.

    For the 2024-10-01 period, Willmar had 104 MLS listings, a difference of 22 listings (27%) versus the prior month and 26 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Willmar (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,428 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
    2024-10-01 0 days 2,083 sqft
    Willmar's median listing age (time on market) for 2024-10-01 was 0 days.

    Willmar's median square footage for active listings during the 2024-10-01 period was 2,083 sqft. One year prior, the average listing was 2,084 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.