Willmar Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
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
Willmar's median listing price for 2024-09-01 was $387,425, a difference of $42,425 (12.3%) versus the prior year and $-7,575 versus the prior month.

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. 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
Willmar's median listing age (time on market) for 2024-09-01 was 0 days.

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.