Winona Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Winona averaged
6.84%
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
6.67% and
one month ago for the week of 2023-02-09, the
average rate was 6.46%.
Winona's average rate one year ago was 3.33%.
For refis of the same type during the week of 2023-03-16, the average rate
was 7.16%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Winona 30 Year Fixed Rate | 2023-03-16 | 6.84% |
Winona 30 Year Fixed Rate Refi | 2023-03-16 | 7.16% |
Winona 15 Year Fixed Rate | 2023-03-16 | 6.73% |
Winona 15 Year Fixed Rate Refi | 2023-03-16 | 6.43% |
Winona 30 Year FHA | 2023-03-16 | 6.25% |
Winona 30 Year FHA Refi | 2023-03-16 | 6.24% |
Winona 30 Year USDA | 2023-03-16 | 6.09% |
Winona 30 Year USDA Refi | 2023-03-16 | 6.14% |
Winona 30 Year VA | 2023-03-16 | 6.27% |
Winona 30 Year VA Refi | 2023-03-16 | 5.91% |
Winona 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 Winona, 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.).
Winona Average Closing Costs & Other Stats
Winona, MN's 66 lenders originated 1,331
loans during 2022. The total origination value was $214,665,000, with an average loan value of
$161,281.
Winona's average closing costs are $3,665.
The top Winona lender as defined by loan originations is Merchants Bank, with
148 loans originated. Their average total fees are
$3,756, which is $245
higher than the next largest lender,
ALTRA.
The lowest fee Winona lenders (with over 10 loans originated) are
WNB Financial, N.A. ($3,434), AFFINITY PLUS ($3,506), ALTRA ($3,511), Merchants Bank ($3,756) and Bell Bank ($3,992).
The lowest rate Winona lenders (with over 10 loans originated) are
Wells Fargo Bank (4.67%), Merchants Bank (4.79%), ALTRA (4.83%), WNB Financial, N.A. (4.95%) and Home Federal Savings Bank (5.13%).
Winona, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Merchants Bank | $90,195,000 | $69,905,000 | -22.5% | 32.6% |
ALTRA | $55,605,000 | $36,315,000 | -34.7% | 16.9% |
WNB Financial, N.A. | $33,835,000 | $17,025,000 | -49.7% | 7.9% |
Bell Bank | $1,655,000 | $5,605,000 | 238.7% | 2.6% |
Wells Fargo Bank | $18,145,000 | $5,485,000 | -69.8% | 2.6% |
Bremer Bank | $12,070,000 | $4,800,000 | -60.2% | 2.2% |
Home Federal Savings Bank | $10,800,000 | $4,485,000 | -58.5% | 2.1% |
State Bank Financial | $3,610,000 | n/a | 1.7% | |
AFFINITY PLUS | $9,470,000 | $3,590,000 | -62.1% | 1.7% |
UNITED WHOLESALE MORTGAGE, LLC | $2,620,000 | $3,430,000 | 30.9% | 1.6% |
QUICKEN LOANS, LLC | $8,070,000 | $3,195,000 | -60.4% | 1.5% |
Eitzen State Bank | $2,835,000 | n/a | 1.3% | |
Peoples State Bank of Plainview | $4,915,000 | $2,820,000 | -42.6% | 1.3% |
Minnwest Bank | $2,070,000 | $2,455,000 | 18.6% | 1.1% |
Citizens State Bank of La Crosse | $3,095,000 | $2,230,000 | -27.9% | 1.0% |
American Mortgage & Equity Consultants, Inc. | $215,000 | $2,215,000 | 930.2% | 1.0% |
Grandbridge Real Estate Capital LLC | $2,020,000 | n/a | 0.9% | |
LOANDEPOT.COM, LLC | $2,555,000 | $1,950,000 | -23.7% | 0.9% |
BankVista | $1,890,000 | n/a | 0.9% | |
Mortgage Research Center, LLC | $2,245,000 | $1,755,000 | -21.8% | 0.8% |
U.S. Bank | $2,250,000 | $1,685,000 | -25.1% | 0.8% |
MARINE | $1,265,000 | $1,460,000 | 15.4% | 0.7% |
21ST MORTGAGE CORPORATION | $260,000 | $1,245,000 | 378.8% | 0.6% |
JPMorgan Chase Bank | $115,000 | $1,200,000 | 943.5% | 0.6% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,340,000 | $1,155,000 | -13.8% | 0.5% |
Coulee Bank | $520,000 | $1,080,000 | 107.7% | 0.5% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $570,000 | $1,020,000 | 78.9% | 0.5% |
Prosperity Home Mortgage, LLC | $3,155,000 | $990,000 | -68.6% | 0.5% |
Firefighters Credit Union | $420,000 | $930,000 | 121.4% | 0.4% |
RESULTS MORTGAGE, LLC | $1,455,000 | $920,000 | -36.8% | 0.4% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,855,000 | $845,000 | -54.4% | 0.4% |
LAND HOME FINANCIAL SERVICES, INC. | $2,265,000 | $845,000 | -62.7% | 0.4% |
First Federal Bank | $2,015,000 | $815,000 | -59.6% | 0.4% |
EVERETT FINANCIAL, INC. | $805,000 | n/a | 0.4% | |
FREEDOM MORTGAGE CORPORATION | $3,525,000 | $805,000 | -77.2% | 0.4% |
F & M Community Bank | $940,000 | $750,000 | -20.2% | 0.3% |
Servion, Inc. | $1,895,000 | $750,000 | -60.4% | 0.3% |
Blackhawk Bank | $735,000 | n/a | 0.3% | |
NEWREZ LLC | $525,000 | $650,000 | 23.8% | 0.3% |
KELLER MORTGAGE, LLC | $465,000 | $645,000 | 38.7% | 0.3% |
First Alliance Credit Union | $315,000 | $640,000 | 103.2% | 0.3% |
AMERICAN INTERNET MORTGAGE, INC. | $635,000 | n/a | 0.3% | |
Associated Bank | $510,000 | $600,000 | 17.6% | 0.3% |
Think Mutual Bank | $3,255,000 | $580,000 | -82.2% | 0.3% |
Tradition Mortgage, LLC | $580,000 | n/a | 0.3% | |
Flagstar Bank, FSB | $420,000 | $575,000 | 36.9% | 0.3% |
GUARANTEED RATE AFFINITY, LLC | $2,140,000 | $565,000 | -73.6% | 0.3% |
Foresight Bank | $920,000 | $555,000 | -39.7% | 0.3% |
Old National Bank | $195,000 | $555,000 | 184.6% | 0.3% |
NAVY FEDERAL CREDIT UNION | $310,000 | $440,000 | 41.9% | 0.2% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $425,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $725,000 | $415,000 | -42.8% | 0.2% |
GUARANTEED RATE, INC. | $1,135,000 | $415,000 | -63.4% | 0.2% |
BROKER SOLUTIONS, INC. | $400,000 | n/a | 0.2% | |
PLAZA HOME MORTGAGE, INC. | $700,000 | $390,000 | -44.3% | 0.2% |
CROSSCOUNTRY MORTGAGE, LLC | $1,150,000 | $360,000 | -68.7% | 0.2% |
MAYO EMPLOYEES FEDERAL CREDIT UNION | $610,000 | $355,000 | -41.8% | 0.2% |
GUILD MORTGAGE COMPANY | $335,000 | n/a | 0.2% | |
Waterstone Mortgage Corporation | $320,000 | n/a | 0.1% | |
Paramount Residential Mortgage Group, Inc. | $395,000 | $315,000 | -20.3% | 0.1% |
PENNYMAC LOAN SERVICES, LLC | $1,605,000 | $310,000 | -80.7% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $235,000 | $255,000 | 8.5% | 0.1% |
NEW DAY FINANCIAL, LLC | $315,000 | $245,000 | -22.2% | 0.1% |
Johnson Bank | $285,000 | $240,000 | -15.8% | 0.1% |
Royal Credit Union | $220,000 | $240,000 | 9.1% | 0.1% |
Heritage Bank | $230,000 | n/a | 0.1% | |
Barrington Bank & Trust Company, N.A. | $1,180,000 | $225,000 | -80.9% | 0.1% |
CO-OP Credit Union | $25,000 | $225,000 | 800.0% | 0.1% |
Colonial Savings, F.A. | $215,000 | n/a | 0.1% | |
Deere Employees Credit Union | $215,000 | n/a | 0.1% | |
M&T Bank | $280,000 | $215,000 | -23.2% | 0.1% |
Ally Bank | $205,000 | n/a | 0.1% | |
AMERICAN PORTFOLIO MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $340,000 | $205,000 | -39.7% | 0.1% |
Park Bank | $270,000 | $205,000 | -24.1% | 0.1% |
Summit Mortgage Corporation | $195,000 | $205,000 | 5.1% | 0.1% |
Century Mortgage Company DBA Century Lending Company | $195,000 | n/a | 0.1% | |
LAKEVIEW LOAN SERVICING, LLC | $145,000 | $195,000 | 34.5% | 0.1% |
ALAMEDA MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
BAY EQUITY LLC | $565,000 | $185,000 | -67.3% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $95,000 | $185,000 | 94.7% | 0.1% |
University of Wisconsin Credit Union | $185,000 | n/a | 0.1% | |
Carrington Mortgage Services, LLC | $165,000 | n/a | 0.1% | |
The State Bank of Faribault | $165,000 | n/a | 0.1% | |
ALLIANT CREDIT UNION | $155,000 | n/a | 0.1% | |
Gate City Bank | $155,000 | n/a | 0.1% | |
WINGS FINANCIAL | $145,000 | $155,000 | 6.9% | 0.1% |
Manufacturers Bank & Trust Company | $155,000 | $145,000 | -6.5% | 0.1% |
North American Savings Bank, F.S.B. | $145,000 | n/a | 0.1% | |
BEST CAPITAL FUNDING | $215,000 | $135,000 | -37.2% | 0.1% |
Royal Bank | $135,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $925,000 | $130,000 | -85.9% | 0.1% |
Alerus Financial | $165,000 | $125,000 | -24.2% | 0.1% |
Bank of America | $135,000 | $125,000 | -7.4% | 0.1% |
Community Resource Bank | $125,000 | n/a | 0.1% | |
MOVEMENT MORTGAGE, LLC | $275,000 | $125,000 | -54.5% | 0.1% |
DUPACO COMMUNITY | $115,000 | n/a | 0.1% | |
Plains Commerce Bank | $1,390,000 | $115,000 | -91.7% | 0.1% |
Deseret First Credit Union | $105,000 | n/a | 0.0% | |
STAR USA FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
Figure Lending LLC | $75,000 | n/a | 0.0% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $65,000 | n/a | 0.0% | |
Mr. Cooper ( Nationstar Mortgage ) | $240,000 | $65,000 | -72.9% | 0.0% |
BUILDING TRADES FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
SPIRE Credit Union | $175,000 | $45,000 | -74.3% | 0.0% |
GOVERNMENTAL EMPLOYEES | $75,000 | $35,000 | -53.3% | 0.0% |
First Bank & Trust | $65,000 | $25,000 | -61.5% | 0.0% |
Winona's top lender by overall market share is Merchants Bank, with 32.6% market share. In second place, with 16.9%, is ALTRA, having originated $36,315,000 in loans. In third place, with 7.9%, is WNB Financial, N.A., having originated $17,025,000 in loans. In fourth place, with 2.6%, is Bell Bank, having originated $5,605,000 in loans. In fifth place, with 2.6%, is Wells Fargo Bank, having originated $5,485,000 in loans.
Winona Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Winona (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 | $149,450 (7.5%) | $199,737 (4.4%) | 0.00 | 103 |
2018-02-01 | $149,900 (6.2%) | $199,911 (4.4%) | 0.00 | 93 |
2018-03-01 | $162,400 (10.3%) | $207,642 (4.0%) | 0.00 | 93 |
2018-04-01 | $173,675 (16.6%) | $229,213 (12.3%) | 0.00 | 112 |
2018-05-01 | $180,800 (19.6%) | $237,801 (19.1%) | 0.00 | 121 |
2018-06-01 | $177,700 (14.0%) | $247,487 (22.6%) | 0.00 | 131 |
2018-07-01 | $180,950 (3.6%) | $246,683 (18.6%) | 0.00 | 156 |
2018-08-01 | $182,400 (9.1%) | $243,548 (15.8%) | 0.00 | 178 |
2018-09-01 | $179,900 (14.6%) | $240,897 (15.9%) | 0.00 | 189 |
2018-10-01 | $176,200 (14.3%) | $233,397 (14.1%) | 0.00 | 191 |
2018-11-01 | $174,900 (16.9%) | $233,922 (18.0%) | 0.00 | 169 |
2018-12-01 | $174,900 (20.6%) | $242,406 (22.8%) | 0.00 | 135 |
2019-01-01 | $162,300 (8.6%) | $238,908 (19.6%) | 0.00 | 101 |
2019-02-01 | $157,975 (5.4%) | $248,905 (24.5%) | 0.00 | 83 |
2019-03-01 | $191,350 (17.8%) | $266,210 (28.2%) | 0.00 | 95 |
2019-04-01 | $222,475 (28.1%) | $280,335 (22.3%) | 0.00 | 112 |
2019-05-01 | $225,000 (24.5%) | $280,438 (17.9%) | 0.00 | 129 |
2019-06-01 | $227,000 (27.7%) | $284,173 (14.8%) | 0.00 | 136 |
2019-07-01 | $197,450 (9.1%) | $265,689 (7.7%) | 0.00 | 136 |
2019-08-01 | $199,900 (9.6%) | $255,830 (5.0%) | 0.00 | 145 |
2019-09-01 | $199,900 (11.1%) | $246,641 (2.4%) | 0.00 | 152 |
2019-10-01 | $199,900 (13.5%) | $241,784 (3.6%) | 0.00 | 152 |
2019-11-01 | $189,900 (8.6%) | $254,197 (8.7%) | 0.00 | 131 |
2019-12-01 | $196,450 (12.3%) | $229,012 (-5.5%) | 0.00 | 116 |
2020-01-01 | $206,200 (27.1%) | $238,588 (-0.1%) | 0.00 | 97 |
2020-02-01 | $194,900 (23.4%) | $229,672 (-7.7%) | 0.00 | 87 |
2020-03-01 | $198,675 (3.8%) | $242,501 (-8.9%) | 0.00 | 80 |
2020-04-01 | $206,900 (-7.0%) | $235,572 (-16.0%) | 0.00 | 90 |
2020-05-01 | $209,900 (-6.7%) | $244,429 (-12.8%) | 0.00 | 99 |
2020-06-01 | $242,700 (6.9%) | $276,609 (-2.7%) | 0.00 | 99 |
2020-07-01 | $222,500 (12.7%) | $272,516 (2.6%) | 0.00 | 95 |
2020-08-01 | $239,950 (20.0%) | $308,240 (20.5%) | 0.00 | 85 |
2020-09-01 | $249,925 (25.0%) | $316,922 (28.5%) | 0.00 | 86 |
2020-10-01 | $226,950 (13.5%) | $291,504 (20.6%) | 0.00 | 87 |
2020-11-01 | $220,000 (15.9%) | $293,064 (15.3%) | 0.00 | 67 |
2020-12-01 | $196,400 (0.0%) | $276,758 (20.9%) | 0.00 | 56 |
2021-01-01 | $223,700 (8.5%) | $267,040 (11.9%) | 0.00 | 41 |
2021-02-01 | $209,975 (7.7%) | $255,793 (11.4%) | 0.00 | 38 |
2021-03-01 | $220,000 (10.7%) | $268,257 (10.6%) | 0.00 | 34 |
2021-04-01 | $184,925 (-10.6%) | $241,292 (2.4%) | 0.00 | 41 |
2021-05-01 | $199,950 (-4.7%) | $274,884 (12.5%) | 0.00 | 43 |
2021-06-01 | $209,475 (-13.7%) | $279,108 (0.9%) | 0.00 | 53 |
2021-07-01 | $219,450 (-1.4%) | $283,356 (4.0%) | 0.00 | 75 |
2021-08-01 | $199,400 (-16.9%) | $263,501 (-14.5%) | 0.00 | 84 |
2021-09-01 | $199,900 (-20.0%) | $264,123 (-16.7%) | 0.00 | 77 |
2021-10-01 | $220,000 (-3.1%) | $277,849 (-4.7%) | 0.00 | 68 |
2021-11-01 | $223,475 (1.6%) | $288,772 (-1.5%) | 0.00 | 52 |
2021-12-01 | $199,700 (1.7%) | $270,433 (-2.3%) | 0.00 | 48 |
2022-01-01 | $184,900 (-17.3%) | $254,404 (-4.7%) | 0.00 | 40 |
2022-02-01 | $203,700 (-3.0%) | $330,507 (29.2%) | 0.00 | 34 |
2022-03-01 | $244,375 (11.1%) | $342,496 (27.7%) | 0.00 | 26 |
2022-04-01 | $211,950 (14.6%) | $327,508 (35.7%) | 0.00 | 29 |
2022-05-01 | $221,150 (10.6%) | $325,274 (18.3%) | 0.00 | 41 |
2022-06-01 | $245,875 (17.4%) | $327,432 (17.3%) | 0.00 | 53 |
2022-07-01 | $244,000 (11.2%) | $317,716 (12.1%) | 0.00 | 62 |
2022-08-01 | $253,500 (27.1%) | $324,625 (23.2%) | 0.00 | 60 |
2022-09-01 | $244,350 (22.2%) | $305,893 (15.8%) | 0.00 | 62 |
2022-10-01 | $249,000 (13.2%) | $332,439 (19.7%) | 0.00 | 61 |
2022-11-01 | $251,100 (12.4%) | $336,519 (16.5%) | 0.00 | 53 |
2022-12-01 | $237,000 (18.7%) | $339,357 (25.5%) | 0.00 | 49 |
2023-01-01 | $287,950 (55.7%) | $374,634 (47.3%) | 0.00 | 41 |
2023-02-01 | $271,150 (33.1%) | $300,567 (-9.1%) | 0.00 | 39 |
Winona's median listing price comes in at 0% of the national average.
Winona's average listing price for 2023-02-01 was $300,567, a difference of $-29,940 (-9.1%) versus the prior year and $-74,067 versus the prior month.
For the 2023-02-01 period, Winona had 39 MLS listings, a difference of -2 listings (-5%) versus the prior month and 5 listings (15%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Winona (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,245 sqft |
2018-02-01 | 0 days | 2,258 sqft |
2018-03-01 | 0 days | 2,394 sqft |
2018-04-01 | 0 days | 2,500 sqft |
2018-05-01 | 0 days | 2,512 sqft |
2018-06-01 | 0 days | 2,536 sqft |
2018-07-01 | 0 days | 2,540 sqft |
2018-08-01 | 0 days | 2,466 sqft |
2018-09-01 | 0 days | 2,457 sqft |
2018-10-01 | 0 days | 2,421 sqft |
2018-11-01 | 0 days | 2,439 sqft |
2018-12-01 | 0 days | 2,449 sqft |
2019-01-01 | 0 days | 1,969 sqft |
2019-02-01 | 0 days | 1,927 sqft |
2019-03-01 | 0 days | 2,092 sqft |
2019-04-01 | 0 days | 2,213 sqft |
2019-05-01 | 0 days | 2,130 sqft |
2019-06-01 | 0 days | 2,124 sqft |
2019-07-01 | 0 days | 1,941 sqft |
2019-08-01 | 0 days | 1,941 sqft |
2019-09-01 | 0 days | 1,907 sqft |
2019-10-01 | 0 days | 1,877 sqft |
2019-11-01 | 0 days | 1,857 sqft |
2019-12-01 | 0 days | 1,852 sqft |
2020-01-01 | 0 days | 1,854 sqft |
2020-02-01 | 0 days | 1,730 sqft |
2020-03-01 | 0 days | 1,905 sqft |
2020-04-01 | 0 days | 1,857 sqft |
2020-05-01 | 0 days | 1,847 sqft |
2020-06-01 | 0 days | 2,256 sqft |
2020-07-01 | 0 days | 1,978 sqft |
2020-08-01 | 0 days | 2,228 sqft |
2020-09-01 | 0 days | 2,399 sqft |
2020-10-01 | 0 days | 2,197 sqft |
2020-11-01 | 0 days | 2,198 sqft |
2020-12-01 | 0 days | 1,964 sqft |
2021-01-01 | 0 days | 1,992 sqft |
2021-02-01 | 0 days | 1,927 sqft |
2021-03-01 | 0 days | 1,923 sqft |
2021-04-01 | 0 days | 1,663 sqft |
2021-05-01 | 0 days | 1,919 sqft |
2021-06-01 | 0 days | 1,920 sqft |
2021-07-01 | 0 days | 1,912 sqft |
2021-08-01 | 0 days | 1,718 sqft |
2021-09-01 | 0 days | 1,763 sqft |
2021-10-01 | 0 days | 1,739 sqft |
2021-11-01 | 0 days | 1,835 sqft |
2021-12-01 | 0 days | 1,853 sqft |
2022-01-01 | 0 days | 1,694 sqft |
2022-02-01 | 0 days | 2,399 sqft |
2022-03-01 | 0 days | 2,328 sqft |
2022-04-01 | 0 days | 2,254 sqft |
2022-05-01 | 0 days | 1,704 sqft |
2022-06-01 | 0 days | 1,794 sqft |
2022-07-01 | 0 days | 1,998 sqft |
2022-08-01 | 0 days | 1,900 sqft |
2022-09-01 | 0 days | 1,910 sqft |
2022-10-01 | 0 days | 2,119 sqft |
2022-11-01 | 0 days | 2,037 sqft |
2022-12-01 | 0 days | 2,003 sqft |
2023-01-01 | 0 days | 2,022 sqft |
2023-02-01 | 0 days | 1,737 sqft |
Winona's median square footage for active listings during the 2023-02-01 period was 1,737 sqft. One year prior, the average listing was 2,399 sqft.
Winona, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 674 | $133,350,000 | $197,849 |
Refi | 297 | $42,615,000 | $143,485 |
Other | 138 | $8,560,000 | $62,029 |
Cash Out Refi | 122 | $25,370,000 | $207,951 |
Home Improvement | 100 | $4,770,000 | $47,700 |
Winona's most frequently cited loan purpose was Home Purchase, with 674 originations. The 2nd most popular reason was Refi, with 297 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 281 | $25,945,000 | $92,331 |
5-6% | 270 | $47,190,000 | $174,778 |
3-4% | 263 | $50,465,000 | $191,882 |
4-5% | 253 | $51,155,000 | $202,194 |
6-7% | 121 | $18,805,000 | $155,413 |
<2.5% | 43 | $4,745,000 | $110,349 |
7-8% | 36 | $4,000,000 | $111,111 |
Over 8% | 17 | $1,175,000 | $69,118 |
During 2022, Winona's most frequently originated rate bucket was 2.5-3%, with 281 originations.
Loan Sizing (Winona, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 504 | $24,410,000 | $48,433 |
$100k-200k | 463 | $69,395,000 | $149,881 |
$200k-400k | 301 | $79,365,000 | $263,671 |
$400k-600k | 43 | $20,295,000 | $471,977 |
$600k-1000k | 14 | $9,670,000 | $690,714 |
$Over $1MM | 6 | $11,530,000 | $1,921,667 |
Winona's loan sizing saw the bucket of loans from $100,000 or less with 504 originations, totaling $24,410,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 435 | $96,395,000 | $221,598 |
60-80% | 283 | $61,345,000 | $216,767 |
Under 20% | 252 | $10,790,000 | $42,817 |
20-40% | 152 | $11,870,000 | $78,092 |
40-60% | 137 | $20,315,000 | $148,285 |
Over 100% | 4 | $1,140,000 | $285,000 |
Winona's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 435 originations, totaling $96,395,000 in origination value.