Willmar Mortgage Rates

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

30 Year Fixed Rate mortgages in Willmar averaged 6.01% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.02% and one month ago for the week of 2022-05-26, the average rate was 5.21%.

Willmar's average rate one year ago was 3.06%.

For refis of the same type during the week of 2022-06-30, the average rate was 5.53%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Willmar 30 Year Fixed Rate 2022-06-30 6.01%
Willmar 30 Year Fixed Rate Refi 2022-06-30 5.53%
Willmar 15 Year Fixed Rate 2022-06-30 5.17%
Willmar 15 Year Fixed Rate Refi 2022-06-30 4.79%
Willmar 30 Year FHA 2022-06-30 5.63%
Willmar 30 Year FHA Refi 2022-06-30 5.59%
Willmar 30 Year USDA 2022-06-30 5.78%
Willmar 30 Year USDA Refi 2022-06-30 5.41%
Willmar 30 Year VA 2022-06-30 5.82%
Willmar 30 Year VA Refi 2022-06-30 5.33%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Heritage Bank 101 3.04% $4,477
Bremer Bank 66 3.08% $4,179
QUICKEN LOANS, LLC 48 3.18% $4,954
UNITED WHOLESALE MORTGAGE, LLC 40 3.07% $3,217
U.S. Bank 33 3.04% $3,372
CENTRAL MINNESOTA Credit Union 27 3.20% $3,212
First Savings Bank 21 2.90% $3,946
Flagstar Bank, FSB 21 3.26% $3,967
Wells Fargo Bank 21 3.08% $2,404
HOMEOWNERS FINANCIAL GROUP USA, LLC 20 3.21% $2,932
Servion, Inc. 20 3.15% $4,332
Plains Commerce Bank 13 3.10% $4,411
LOANDEPOT.COM, LLC 7 3.00% $5,103
FREEDOM MORTGAGE CORPORATION 7 3.23% $1,866
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 3.03% $6,107
Mr. Cooper ( Nationstar Mortgage ) 6 3.29% $4,660
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 3.08% $1,973
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 6 3.04% $3,676
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 3.12% $3,399
PENNYMAC LOAN SERVICES, LLC 5 3.05% $4,484
Bell Bank 5 3.05% $4,068
EVERETT FINANCIAL, INC. 4 3.13% $1,729
PREMIA MORTGAGE, LLC 4 2.69% $1,420
Prosperity Home Mortgage, LLC 4 3.03% $5,320
HOME POINT FINANCIAL CORPORATION 4 3.06% $2,459
Truist Bank 4 2.84% $3,640
American Mortgage & Equity Consultants, Inc. 3 2.92% $2,285
CALIBER HOME LOANS, INC. 3 2.98% $4,197
Summit Mortgage Corporation 3 3.21% $2,990
WINGS FINANCIAL 3 2.63% $3,679
Tradition Mortgage, LLC 3 3.21% $2,801
NEWREZ LLC 3 3.08% $4,224
GUARANTEED RATE, INC. 3 3.25% $3,025
HomeTown Bank 3 3.00% $4,711
American Bank of the North 3 2.63% $4,170
HIWAY 3 2.88% $4,004
BROKER SOLUTIONS, INC. 2 3.43% $3,831
PLAZA HOME MORTGAGE, INC. 2 3.06% $6,315
CHURCHILL MORTGAGE CORPORATION 2 3.00% $2,946
BAY EQUITY LLC 2 3.06% $5,551
Bank of the West 2 3.56% $7,294
UNION HOME MORTGAGE CORP. 2 2.88% $3,907
Baxter Credit Union 2 3.31% $3,749
LEADERONE FINANCIAL CORPORATION 2 3.13% $3,580
Mortgages Unlimited Inc. 1 3.63% $6,425
MOVEMENT MORTGAGE, LLC 1 2.88% $3,571
NETWORK CAPITAL FUNDING CORPORATION 1 3.25% $7,845
PENTAGON FEDERAL CREDIT UNION 1 3.38% $1,572
PHH Mortgage Corporation 1 2.88% $3,152
Royal Credit Union 1 3.13% $0
Sierra Pacific Mortgage Company, Inc. 1 3.75% $4,503
Simmons Bank 1 4.75% $3,471
SOFI LENDING CORP. 1 3.25% $3,765
SPIRE Credit Union 1 2.88% $3,609
ST. CLOUD FINANCIAL 1 3.00% $4,994
Stifel Bank and Trust 1 2.88% $2,061
TOPLINE FEDERAL CREDIT UNION 1 2.63% $4,249
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.88% $4,159
Wilmington Savings Fund Society, FSB 1 4.13% $2,982
Liberty Bank Minnesota 1 2.75% $2,261
Alerus Financial 1 3.00% $4,070
AMERICAN FINANCIAL NETWORK, INC. 1 3.13% $10,734
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.13% $4,429
American State Bank 1 3.00% $4,568
AmeriHome Mortgage Company, LLC 1 2.88% $5,030
AMERISAVE MORTGAGE CORPORATION 1 2.88% $4,692
Bank of America 1 3.00% $2,843
BETTER MORTGAGE CORPORATION 1 3.00% $3,702
Cambria Financial Group, LLC 1 3.25% $3,480
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.75% $3,502
Carrington Mortgage Services, LLC 1 3.38% $3,834
Citizens Bank Minnesota 1 2.50% $4,380
CMG MORTGAGE, INC. 1 2.99% $3,178
CORTRUST MORTGAGE, INC. 1 2.50% $5,391
CRESCENT MORTGAGE COMPANY 1 2.99% $4,798
CROSSCOUNTRY MORTGAGE, LLC 1 3.38% $4,148
Deerwood Bank 1 3.13% $6,203
Devon Bank 1 3.25% $3,499
EMM LOANS LLC 1 2.88% $7,081
ENVOY MORTGAGE, LTD 1 2.99% $3,636
First Federal Bank 1 3.00% $4,537
First Guaranty Mortgage Corporation 1 3.38% $5,374
First National Bank 1 2.88% $2,769
First Western Bank & Trust 1 2.88% $3,694
Gate City Bank 1 2.75% $6,361
Goldwater Bank, N.A. 1 2.75% $9,340
GREAT RIVER FEDERAL CREDIT UNION 1 3.13% $5,557
Great Southern Bank 1 3.13% $2,107
GUARANTEED RATE AFFINITY, LLC 1 3.13% $8,001
GUIDANCE RESIDENTIAL, LLC 1 3.63% $3,487
GUILD MORTGAGE COMPANY 1 3.13% $1,286
HANCOCK MORTGAGE PARTNERS, LLC 1 3.88% $3,629
HOME MORTGAGE ALLIANCE, LLC 1 3.13% $2,319
HOMESIDE FINANCIAL, LLC 1 2.99% $3,466
Hometown Lenders, Inc. 1 2.88% $5,968
InterContinental Capital Group, Inc 1 3.49% $2,964
Ixonia Bank 1 3.38% $2,708
Lend Smart Mortgage, LLC 1 3.50% $1,744
AFFINITY PLUS 1 3.00% $4,320
MANN FINANCIAL INC. 1 4.75% $3,769
MEGASTAR FINANCIAL CORP. 1 3.13% $3,096
Merchants Bank 1 2.65% $5,085
Mortgage Research Center, LLC 1 2.38% $3,330

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.

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 Lender 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 third place, with 4.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $12,895,000 in loans. In third place, with 4.1%, is U.S. Bank, having originated $12,720,000 in loans.


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.


Market Conditions (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 $259,700 (20.1%) $328,756 (6.1%) 0.00 186
2018-02-01 $268,350 (19.6%) $332,287 (6.5%) 0.00 193
2018-03-01 $274,650 (20.2%) $342,040 (10.4%) 0.00 210
2018-04-01 $279,900 (12.5%) $348,725 (6.8%) 0.00 216
2018-05-01 $279,900 (15.2%) $349,274 (5.3%) 0.00 232
2018-06-01 $252,379 (3.5%) $328,991 (-1.4%) 0.00 248
2018-07-01 $239,450 (-4.2%) $309,836 (-8.7%) 0.00 250
2018-08-01 $234,950 (-5.3%) $307,858 (-6.4%) 0.00 244
2018-09-01 $249,888 (0.4%) $322,005 (-0.1%) 0.00 241
2018-10-01 $236,100 (-1.5%) $318,064 (-0.1%) 0.00 259
2018-11-01 $226,250 (-9.5%) $319,571 (-0.7%) 0.00 249
2018-12-01 $219,800 (-12.1%) $297,451 (-10.1%) 0.00 218
2019-01-01 $195,000 (-24.9%) $296,753 (-9.7%) 0.00 185
2019-02-01 $219,850 (-18.1%) $320,957 (-3.4%) 0.00 167
2019-03-01 $219,943 (-19.9%) $326,638 (-4.5%) 0.00 177
2019-04-01 $227,450 (-18.7%) $318,505 (-8.7%) 0.00 192
2019-05-01 $239,644 (-14.4%) $319,452 (-8.5%) 0.00 222
2019-06-01 $249,700 (-1.1%) $337,028 (2.4%) 0.00 226
2019-07-01 $275,000 (14.9%) $351,694 (13.5%) 0.00 231
2019-08-01 $282,371 (20.2%) $357,937 (16.3%) 0.00 222
2019-09-01 $270,000 (8.1%) $352,265 (9.4%) 0.00 223
2019-10-01 $263,250 (11.5%) $347,927 (9.4%) 0.00 220
2019-11-01 $264,900 (17.1%) $342,823 (7.3%) 0.00 209
2019-12-01 $252,350 (14.8%) $335,644 (12.8%) 0.00 210
2020-01-01 $256,450 (31.5%) $326,881 (10.2%) 0.00 198
2020-02-01 $265,000 (20.5%) $329,605 (2.7%) 0.00 189
2020-03-01 $287,000 (30.5%) $342,891 (5.0%) 0.00 183
2020-04-01 $279,944 (23.1%) $340,623 (6.9%) 0.00 178
2020-05-01 $289,900 (21.0%) $363,642 (13.8%) 0.00 179
2020-06-01 $281,500 (12.7%) $368,085 (9.2%) 0.00 175
2020-07-01 $256,350 (-6.8%) $354,340 (0.8%) 0.00 185
2020-08-01 $263,000 (-6.9%) $355,347 (-0.7%) 0.00 161
2020-09-01 $262,400 (-2.8%) $347,930 (-1.2%) 0.00 147
2020-10-01 $245,900 (-6.6%) $330,902 (-4.9%) 0.00 125
2020-11-01 $250,000 (-5.6%) $339,345 (-1.0%) 0.00 106
2020-12-01 $285,000 (12.9%) $371,484 (10.7%) 0.00 79
2021-01-01 $274,700 (7.1%) $392,639 (20.1%) 0.00 66
2021-02-01 $269,950 (1.9%) $399,769 (21.3%) 0.00 70
2021-03-01 $303,444 (5.7%) $397,562 (15.9%) 0.00 67
2021-04-01 $297,394 (6.2%) $450,096 (32.1%) 0.00 76
2021-05-01 $255,000 (-12.0%) $385,299 (6.0%) 0.00 81
2021-06-01 $239,999 (-14.7%) $389,936 (5.9%) 0.00 82
2021-07-01 $235,950 (-8.0%) $359,282 (1.4%) 0.00 92
2021-08-01 $253,250 (-3.7%) $364,612 (2.6%) 0.00 103
2021-09-01 $230,900 (-12.0%) $357,753 (2.8%) 0.00 90
2021-10-01 $215,000 (-12.6%) $335,493 (1.4%) 0.00 85
2021-11-01 $187,450 (-25.0%) $295,494 (-12.9%) 0.00 79
2021-12-01 $197,000 (-30.9%) $277,883 (-25.2%) 0.00 56
2022-01-01 $215,000 (-21.7%) $302,170 (-23.0%) 0.00 38
2022-02-01 $255,000 (-5.5%) $365,485 (-8.6%) 0.00 29
2022-03-01 $254,000 (-16.3%) $404,500 (1.8%) 0.00 28
2022-04-01 $257,000 (-13.6%) $380,439 (-15.5%) 0.00 33
2022-05-01 $257,350 (0.9%) $397,250 (3.1%) 0.00 45
2022-06-01 $257,450 (7.3%) $383,249 (-1.7%) 0.00 59
Willmar's median listing price for 2022-06-01 was $257,450, a difference of $17,451 (7.3%) versus the prior year and $100 versus the prior month.

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

Willmar's average listing price for 2022-06-01 was $383,249, a difference of $-6,687 (-1.7%) versus the prior year and $-14,001 versus the prior month.

For the 2022-06-01 period, Willmar had 59 MLS listings, a difference of 14 listings (31%) versus the prior month and -23 listings (-28%) 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 2,448 sqft
2018-02-01 0 days 2,486 sqft
2018-03-01 0 days 2,448 sqft
2018-04-01 0 days 2,448 sqft
2018-05-01 0 days 2,426 sqft
2018-06-01 0 days 2,302 sqft
2018-07-01 0 days 2,291 sqft
2018-08-01 0 days 2,248 sqft
2018-09-01 0 days 2,346 sqft
2018-10-01 0 days 2,340 sqft
2018-11-01 0 days 2,257 sqft
2018-12-01 0 days 2,152 sqft
2019-01-01 0 days 2,148 sqft
2019-02-01 0 days 2,269 sqft
2019-03-01 0 days 2,151 sqft
2019-04-01 0 days 2,074 sqft
2019-05-01 0 days 2,062 sqft
2019-06-01 0 days 2,152 sqft
2019-07-01 0 days 2,247 sqft
2019-08-01 0 days 2,199 sqft
2019-09-01 0 days 2,104 sqft
2019-10-01 0 days 2,073 sqft
2019-11-01 0 days 2,060 sqft
2019-12-01 0 days 2,124 sqft
2020-01-01 0 days 2,069 sqft
2020-02-01 0 days 2,088 sqft
2020-03-01 0 days 2,080 sqft
2020-04-01 0 days 1,953 sqft
2020-05-01 0 days 2,128 sqft
2020-06-01 0 days 2,193 sqft
2020-07-01 0 days 2,205 sqft
2020-08-01 0 days 2,192 sqft
2020-09-01 0 days 2,219 sqft
2020-10-01 0 days 2,229 sqft
2020-11-01 0 days 2,246 sqft
2020-12-01 0 days 2,401 sqft
2021-01-01 0 days 2,400 sqft
2021-02-01 0 days 2,528 sqft
2021-03-01 0 days 2,577 sqft
2021-04-01 0 days 2,431 sqft
2021-05-01 0 days 2,112 sqft
2021-06-01 0 days 2,056 sqft
2021-07-01 0 days 2,084 sqft
2021-08-01 0 days 2,037 sqft
2021-09-01 0 days 2,011 sqft
2021-10-01 0 days 1,950 sqft
2021-11-01 0 days 1,919 sqft
2021-12-01 0 days 1,732 sqft
2022-01-01 0 days 1,976 sqft
2022-02-01 0 days 2,346 sqft
2022-03-01 0 days 2,069 sqft
2022-04-01 0 days 2,160 sqft
2022-05-01 0 days 1,975 sqft
2022-06-01 0 days 2,035 sqft
Willmar's median listing age (time on market) for 2022-06-01 was 0 days.

Willmar's median square footage for active listings during the 2022-06-01 period was 2,035 sqft. One year prior, the average listing was 2,056 sqft.