Willmar Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Willmar averaged
6.91%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.74% and
one month ago for the week of 2023-02-09, the
average rate was 6.23%.
Willmar's average rate one year ago was 3.86%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.63%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Willmar 30 Year Fixed Rate | 2023-03-16 | 6.91% |
| Willmar 30 Year Fixed Rate Refi | 2023-03-16 | 6.63% |
| Willmar 15 Year Fixed Rate | 2023-03-16 | 6.04% |
| Willmar 15 Year Fixed Rate Refi | 2023-03-16 | 6.06% |
| Willmar 30 Year FHA | 2023-03-16 | 6.51% |
| Willmar 30 Year FHA Refi | 2023-03-16 | 6.37% |
| Willmar 30 Year USDA | 2023-03-16 | 6.58% |
| Willmar 30 Year USDA Refi | 2023-03-16 | 6.51% |
| Willmar 30 Year VA | 2023-03-16 | 6.14% |
| Willmar 30 Year VA Refi | 2023-03-16 | 5.95% |
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 103 lenders originated 1,566
loans during 2021. The total origination value was $311,840,000, with an average loan value of
$199,132.
Willmar's average closing costs are $4,173.
The top Willmar lender as defined by loan originations is Heritage Bank, with
101 loans originated. Their average total fees are
$4,477, which is $298
higher than the next largest lender,
Bremer Bank.
The lowest fee Willmar lenders (with over 10 loans originated) are
Wells Fargo Bank ($2,404), HOMEOWNERS FINANCIAL GROUP USA, LLC ($2,932), CENTRAL MINNESOTA Credit Union ($3,212), UNITED WHOLESALE MORTGAGE, LLC ($3,217) and U.S. Bank ($3,372).
The lowest rate Willmar lenders (with over 10 loans originated) are
First Savings Bank (2.90%), Heritage Bank (3.04%), U.S. Bank (3.04%), UNITED WHOLESALE MORTGAGE, LLC (3.07%) and Wells Fargo Bank (3.08%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| Heritage Bank | $89,070,000 | $47,560,000 | -46.6% | 15.3% |
| Bremer Bank | $55,375,000 | $37,825,000 | -31.7% | 12.1% |
| QUICKEN LOANS, LLC | $14,745,000 | $17,740,000 | 20.3% | 5.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $8,425,000 | $12,895,000 | 53.1% | 4.1% |
| U.S. Bank | $12,480,000 | $12,720,000 | 1.9% | 4.1% |
| CENTRAL MINNESOTA Credit Union | $12,350,000 | $10,960,000 | -11.3% | 3.5% |
| ORIX REAL ESTATE CAPITAL, LLC | $10,360,000 | n/a | 3.3% | |
| FREEDOM MORTGAGE CORPORATION | $10,225,000 | $9,860,000 | -3.6% | 3.2% |
| First Savings Bank | $7,665,000 | $9,840,000 | 28.4% | 3.2% |
| Wells Fargo Bank | $9,655,000 | $9,190,000 | -4.8% | 2.9% |
| Servion, Inc. | $7,115,000 | $9,000,000 | 26.5% | 2.9% |
| Flagstar Bank, FSB | $3,700,000 | $8,250,000 | 123.0% | 2.6% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $6,720,000 | $7,945,000 | 18.2% | 2.5% |
| LOANDEPOT.COM, LLC | $2,325,000 | $4,730,000 | 103.4% | 1.5% |
| Plains Commerce Bank | $9,090,000 | $4,570,000 | -49.7% | 1.5% |
| HomeTown Bank | $4,245,000 | $4,145,000 | -2.4% | 1.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,375,000 | $3,250,000 | 136.4% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $6,990,000 | $3,215,000 | -54.0% | 1.0% |
| Bell Bank | $2,765,000 | $3,110,000 | 12.5% | 1.0% |
| Mortgage Research Center, LLC | $810,000 | $2,790,000 | 244.4% | 0.9% |
| NEWREZ LLC | $265,000 | $2,725,000 | 928.3% | 0.9% |
| EVERETT FINANCIAL, INC. | $3,205,000 | $2,595,000 | -19.0% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,945,000 | $2,350,000 | 20.8% | 0.8% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,300,000 | n/a | 0.7% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $1,370,000 | $2,300,000 | 67.9% | 0.7% |
| PLAZA HOME MORTGAGE, INC. | $595,000 | $2,170,000 | 264.7% | 0.7% |
| Citizens Alliance Bank | $4,080,000 | $1,950,000 | -52.2% | 0.6% |
| First Guaranty Mortgage Corporation | $330,000 | $1,895,000 | 474.2% | 0.6% |
| American Mortgage & Equity Consultants, Inc. | $995,000 | $1,825,000 | 83.4% | 0.6% |
| HOME POINT FINANCIAL CORPORATION | $3,935,000 | $1,800,000 | -54.3% | 0.6% |
| Coulee Bank | $1,785,000 | n/a | 0.6% | |
| BROKER SOLUTIONS, INC. | $660,000 | $1,705,000 | 158.3% | 0.5% |
| WINGS FINANCIAL | $210,000 | $1,630,000 | 676.2% | 0.5% |
| GUARANTEED RATE, INC. | $2,505,000 | $1,625,000 | -35.1% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,660,000 | $1,530,000 | -7.8% | 0.5% |
| Tradition Mortgage, LLC | $2,120,000 | $1,450,000 | -31.6% | 0.5% |
| UNION HOME MORTGAGE CORP. | $495,000 | $1,395,000 | 181.8% | 0.4% |
| Baxter Credit Union | $1,325,000 | n/a | 0.4% | |
| Truist Bank | $2,320,000 | $1,160,000 | -50.0% | 0.4% |
| CALIBER HOME LOANS, INC. | $765,000 | $1,110,000 | 45.1% | 0.4% |
| American Bank of the North | $3,910,000 | $1,070,000 | -72.6% | 0.3% |
| Prosperity Home Mortgage, LLC | $3,945,000 | $1,070,000 | -72.9% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $760,000 | $1,045,000 | 37.5% | 0.3% |
| AFFINITY PLUS | $1,950,000 | $940,000 | -51.8% | 0.3% |
| AgCountry Farm Credit Services, FLCA | $630,000 | $915,000 | 45.2% | 0.3% |
| HIWAY | $1,525,000 | $910,000 | -40.3% | 0.3% |
| ST. CLOUD FINANCIAL | $245,000 | $905,000 | 269.4% | 0.3% |
| PREMIA MORTGAGE, LLC | $900,000 | n/a | 0.3% | |
| Old National Bank | $570,000 | $860,000 | 50.9% | 0.3% |
| SOUTHPOINT FINANCIAL | $335,000 | $850,000 | 153.7% | 0.3% |
| Deerwood Bank | $515,000 | $800,000 | 55.3% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,065,000 | $785,000 | -26.3% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,435,000 | $780,000 | -45.6% | 0.3% |
| BAY EQUITY LLC | $770,000 | n/a | 0.2% | |
| First Western Bank & Trust | $195,000 | $765,000 | 292.3% | 0.2% |
| BMO Harris Bank | $745,000 | $760,000 | 2.0% | 0.2% |
| Sentry Bank | $1,835,000 | $755,000 | -58.9% | 0.2% |
| Citizens Bank Minnesota | $330,000 | $735,000 | 122.7% | 0.2% |
| Frandsen Bank & Trust | $505,000 | $600,000 | 18.8% | 0.2% |
| COMPEER FINANCIAL, FLCA | $1,220,000 | $590,000 | -51.6% | 0.2% |
| AmeriHome Mortgage Company, LLC | $570,000 | n/a | 0.2% | |
| Merchants Bank | $2,600,000 | $570,000 | -78.1% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $1,725,000 | $565,000 | -67.2% | 0.2% |
| USAA Federal Savings Bank | $625,000 | $560,000 | -10.4% | 0.2% |
| Carrington Mortgage Services, LLC | $95,000 | $555,000 | 484.2% | 0.2% |
| American State Bank | $195,000 | $545,000 | 179.5% | 0.2% |
| Citizens Bank | $545,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $460,000 | $545,000 | 18.5% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $105,000 | $535,000 | 409.5% | 0.2% |
| IOWA BANKERS MORTGAGE CORPORATION | $115,000 | $510,000 | 343.5% | 0.2% |
| Royal Credit Union | $115,000 | $505,000 | 339.1% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $1,975,000 | $495,000 | -74.9% | 0.2% |
| InterContinental Capital Group, Inc | $305,000 | $490,000 | 60.7% | 0.2% |
| Lend Smart Mortgage, LLC | $155,000 | $470,000 | 203.2% | 0.2% |
| Stifel Bank and Trust | $455,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $115,000 | $450,000 | 291.3% | 0.1% |
| Goldwater Bank, N.A. | $350,000 | $435,000 | 24.3% | 0.1% |
| Mortgages Unlimited Inc. | $675,000 | $430,000 | -36.3% | 0.1% |
| NEW DAY FINANCIAL, LLC | $485,000 | $430,000 | -11.3% | 0.1% |
| Bank of America | $1,085,000 | $415,000 | -61.8% | 0.1% |
| GUILD MORTGAGE COMPANY | $115,000 | $405,000 | 252.2% | 0.1% |
| Bank of the West | $400,000 | n/a | 0.1% | |
| Cambria Financial Group, LLC | $530,000 | $400,000 | -24.5% | 0.1% |
| CORTRUST MORTGAGE, INC. | $1,610,000 | $400,000 | -75.2% | 0.1% |
| Great Southern Bank | $415,000 | $395,000 | -4.8% | 0.1% |
| The Federal Savings Bank | $1,000,000 | $355,000 | -64.5% | 0.1% |
| Bank Midwest | $795,000 | $345,000 | -56.6% | 0.1% |
| FOUR POINTS | $345,000 | n/a | 0.1% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $250,000 | $340,000 | 36.0% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $205,000 | $340,000 | 65.9% | 0.1% |
| NBKC BANK | $335,000 | n/a | 0.1% | |
| NP, Inc. | $375,000 | $335,000 | -10.7% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $335,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $115,000 | $325,000 | 182.6% | 0.1% |
| Gate City Bank | $470,000 | $315,000 | -33.0% | 0.1% |
| PHH Mortgage Corporation | $375,000 | $315,000 | -16.0% | 0.1% |
| TOPLINE FEDERAL CREDIT UNION | $35,000 | $315,000 | 800.0% | 0.1% |
| BankVista | $745,000 | $310,000 | -58.4% | 0.1% |
| Ixonia Bank | $305,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $95,000 | $300,000 | 215.8% | 0.1% |
| Lake Area Bank | $360,000 | $300,000 | -16.7% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $295,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $600,000 | $290,000 | -51.7% | 0.1% |
| First Bank & Trust | $1,760,000 | $285,000 | -83.8% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $940,000 | $285,000 | -69.7% | 0.1% |
| VILLAGE CAPITAL & INVESTMENT LLC | $325,000 | $285,000 | -12.3% | 0.1% |
| First Interstate Bank | $275,000 | n/a | 0.1% | |
| First National Bank | $75,000 | $275,000 | 266.7% | 0.1% |
| Northwest Bank | $265,000 | $275,000 | 3.8% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $135,000 | $270,000 | 100.0% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $445,000 | $265,000 | -40.4% | 0.1% |
| Summit Mortgage Corporation | $1,485,000 | $265,000 | -82.2% | 0.1% |
| American Airlines Federal Credit Union | $255,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $255,000 | n/a | 0.1% | |
| CRESCENT MORTGAGE COMPANY | $885,000 | $255,000 | -71.2% | 0.1% |
| GUIDANCE RESIDENTIAL, LLC | $175,000 | $250,000 | 42.9% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $250,000 | n/a | 0.1% | |
| Bank of England | $450,000 | $245,000 | -45.6% | 0.1% |
| ENVOY MORTGAGE, LTD | $410,000 | $245,000 | -40.2% | 0.1% |
| GREAT RIVER FEDERAL CREDIT UNION | $245,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $245,000 | n/a | 0.1% | |
| OCMBC, INC. | $245,000 | n/a | 0.1% | |
| AXIA FINANCIAL, LLC | $205,000 | $225,000 | 9.8% | 0.1% |
| Cornerstone State Bank | $225,000 | n/a | 0.1% | |
| Simmons Bank | $220,000 | n/a | 0.1% | |
| MILEND, INC. | $215,000 | n/a | 0.1% | |
| SOFI LENDING CORP. | $215,000 | n/a | 0.1% | |
| American Bank & Trust | $1,020,000 | $200,000 | -80.4% | 0.1% |
| Sunflower Bank | $195,000 | n/a | 0.1% | |
| The Huntington National Bank | $850,000 | $195,000 | -77.1% | 0.1% |
| Hometown Equity Mortgage, LLC | $190,000 | n/a | 0.1% | |
| Hometown Lenders, Inc. | $185,000 | n/a | 0.1% | |
| Devon Bank | $175,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $95,000 | $170,000 | 78.9% | 0.1% |
| CMG MORTGAGE, INC. | $520,000 | $165,000 | -68.3% | 0.1% |
| First Federal Bank | $755,000 | $165,000 | -78.1% | 0.1% |
| Liberty Bank Minnesota | $450,000 | $165,000 | -63.3% | 0.1% |
| Lakeview Community Capital, LLC | $155,000 | n/a | 0.0% | |
| SPIRE Credit Union | $65,000 | $155,000 | 138.5% | 0.0% |
| Wilmington Savings Fund Society, FSB | $155,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $155,000 | n/a | 0.0% | |
| HOME MORTGAGE ALLIANCE, LLC | $145,000 | n/a | 0.0% | |
| Alerus Financial | $605,000 | $135,000 | -77.7% | 0.0% |
| EMM LOANS LLC | $135,000 | n/a | 0.0% | |
| MEGASTAR FINANCIAL CORP. | $465,000 | $135,000 | -71.0% | 0.0% |
| Minnesota Valley Federal Credit Union | $295,000 | $135,000 | -54.2% | 0.0% |
| PNC Bank | $135,000 | n/a | 0.0% | |
| Manufacturers and Traders Trust Company | $75,000 | $125,000 | 66.7% | 0.0% |
| AMERICAN ADVISORS GROUP | $250,000 | $115,000 | -54.0% | 0.0% |
| St. Paul Federal Credit Union | $115,000 | n/a | 0.0% | |
| CCM Finance, LLC | $105,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $105,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $555,000 | $95,000 | -82.9% | 0.0% |
| KELLER MORTGAGE, LLC | $295,000 | $85,000 | -71.2% | 0.0% |
| Figure Lending LLC | $45,000 | $80,000 | 77.8% | 0.0% |
| 21ST MORTGAGE CORPORATION | $75,000 | n/a | 0.0% | |
| MANN FINANCIAL INC. | $125,000 | $65,000 | -48.0% | 0.0% |
| Minnwest Bank | $65,000 | $65,000 | 0.0% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $65,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $155,000 | $65,000 | -58.1% | 0.0% |
| Peoples Bank | $200,000 | $45,000 | -77.5% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $35,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $305,000 | $25,000 | -91.8% | 0.0% |
Willmar's top lender by overall market share is Heritage Bank, with 15.3% market share. In second place, with 12.1%, is Bremer Bank, having originated $37,825,000 in loans. In third place, with 5.7%, is QUICKEN LOANS, LLC, having originated $17,740,000 in loans. In fourth place, with 4.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $12,895,000 in loans. In fifth place, with 4.1%, is U.S. Bank, having originated $12,720,000 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 | $213,750 (-14.2%) | $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%) | $318,853 (-5.5%) | 0.00 | 198 |
| 2019-05-01 | $241,147 (-11.7%) | $320,899 (-4.7%) | 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 (16.8%) | $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 (6.8%) | 0.00 | 180 |
| 2020-05-01 | $289,900 (20.2%) | $360,025 (12.2%) | 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 |
Willmar's median listing price comes in at 0% of the national average.
Willmar's average listing price for 2023-02-01 was $458,843, a difference of $94,725 (26.0%) versus the prior year and $-2,852 versus the prior month.
For the 2023-02-01 period, Willmar had 35 MLS listings, a difference of -5 listings (-13%) versus the prior month and 5 listings (17%) 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 | 2,419 sqft |
| 2018-02-01 | 0 days | 2,433 sqft |
| 2018-03-01 | 0 days | 2,424 sqft |
| 2018-04-01 | 0 days | 2,429 sqft |
| 2018-05-01 | 0 days | 2,394 sqft |
| 2018-06-01 | 0 days | 2,342 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 | 2,113 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 | 2,094 sqft |
| 2021-06-01 | 0 days | 2,038 sqft |
| 2021-07-01 | 0 days | 2,056 sqft |
| 2021-08-01 | 0 days | 2,029 sqft |
| 2021-09-01 | 0 days | 1,988 sqft |
| 2021-10-01 | 0 days | 1,976 sqft |
| 2021-11-01 | 0 days | 1,959 sqft |
| 2021-12-01 | 0 days | 1,829 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 |
Willmar's median square footage for active listings during the 2023-02-01 period was 2,013 sqft. One year prior, the average listing was 2,103 sqft.
Willmar, MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 610 | $130,060,000 | $213,213 |
| Refi | 506 | $104,060,000 | $205,652 |
| Cash Out Refi | 351 | $67,745,000 | $193,006 |
| Other | 56 | $4,830,000 | $86,250 |
| Home Improvement | 43 | $5,145,000 | $119,651 |
Willmar's most frequently cited loan purpose was Home Purchase, with 610 originations. The 2nd most popular reason was Refi, with 506 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 613 | $127,195,000 | $207,496 |
| 3-4% | 438 | $86,330,000 | $197,100 |
| <2.5% | 390 | $82,870,000 | $212,487 |
| 4-5% | 80 | $9,790,000 | $122,375 |
| 5-6% | 12 | $1,070,000 | $89,167 |
| 6-7% | 3 | $195,000 | $65,000 |
| Over 8% | 2 | $130,000 | $65,000 |
During 2021, Willmar's most frequently originated rate bucket was 2.5-3%, with 613 originations.
Loan Sizing (Willmar, MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 715 | $105,195,000 | $147,126 |
| $200k-400k | 481 | $128,165,000 | $266,455 |
| $100,000 or less | 279 | $17,965,000 | $64,391 |
| $400k-600k | 73 | $34,815,000 | $476,918 |
| $600k-1000k | 14 | $10,630,000 | $759,286 |
| $Over $1MM | 4 | $15,070,000 | $3,767,500 |
Willmar's loan sizing saw the bucket of loans from $100k-200k with 715 originations, totaling $105,195,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 546 | $118,990,000 | $217,930 |
| 80-100% | 538 | $110,180,000 | $204,796 |
| 40-60% | 232 | $42,800,000 | $184,483 |
| 20-40% | 100 | $12,640,000 | $126,400 |
| Under 20% | 65 | $1,955,000 | $30,077 |
| Over 100% | 13 | $12,835,000 | $987,308 |
Willmar's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 546 originations, totaling $118,990,000 in origination value.