Winona Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Winona averaged
5.99%
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
6.15% and
one month ago for the week of 2024-08-29, the
average rate was 6.02%.
Winona's average rate one year ago was 7.18%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.62%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Winona 30 Year Fixed Rate | 2024-10-03 | 5.99% |
Winona 30 Year Fixed Rate Refi | 2024-10-03 | 6.62% |
Winona 15 Year Fixed Rate | 2024-10-03 | 5.05% |
Winona 15 Year Fixed Rate Refi | 2024-10-03 | 5.75% |
Winona 30 Year FHA | 2024-10-03 | 6.09% |
Winona 30 Year FHA Refi | 2024-10-03 | 5.69% |
Winona 30 Year USDA | 2024-10-03 | 5.97% |
Winona 30 Year USDA Refi | 2024-10-03 | 5.87% |
Winona 30 Year VA | 2024-10-03 | 5.8% |
Winona 30 Year VA Refi | 2024-10-03 | 5.6% |
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 43 lenders originated 972
loans during 2023. The total origination value was $146,760,000, with an average loan value of
$150,988.
Winona's average closing costs are $3,760.
The top Winona lender as defined by loan originations is Merchants Bank, with
112 loans originated. Their average total fees are
$3,841, which is $242
higher than the next largest lender,
ALTRA.
The lowest fee Winona lenders (with over 10 loans originated) are
ALTRA ($3,599), Merchants Bank ($3,841), Home Federal Savings Bank ($3,868), WNB Financial, N.A. ($3,917) and Bell Bank ($4,656).
The lowest rate Winona lenders (with over 10 loans originated) are
Merchants Bank (6.38%), Home Federal Savings Bank (6.40%), ALTRA (6.75%), Bell Bank (6.91%) and WNB Financial, N.A. (7.06%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
Merchants Bank | $69,905,000 | $50,220,000 | -28.2% | 34.2% |
ALTRA | $36,315,000 | $22,550,000 | -37.9% | 15.4% |
WNB Financial, N.A. | $17,025,000 | $13,300,000 | -21.9% | 9.1% |
Foresight Bank | $555,000 | $4,255,000 | 666.7% | 2.9% |
UNITED WHOLESALE MORTGAGE, LLC | $3,430,000 | $4,040,000 | 17.8% | 2.8% |
Bremer Bank | $4,800,000 | $3,850,000 | -19.8% | 2.6% |
Home Federal Savings Bank | $4,485,000 | $3,455,000 | -23.0% | 2.4% |
Bell Bank | $5,605,000 | $3,340,000 | -40.4% | 2.3% |
Minnwest Bank | $2,455,000 | $2,870,000 | 16.9% | 2.0% |
AFFINITY PLUS | $3,590,000 | $2,220,000 | -38.2% | 1.5% |
U.S. Bank | $1,685,000 | $2,125,000 | 26.1% | 1.4% |
COMPEER FINANCIAL, FLCA | $2,065,000 | n/a | 1.4% | |
QUICKEN LOANS, LLC | $3,195,000 | $1,885,000 | -41.0% | 1.3% |
Peoples State Bank of Plainview | $2,820,000 | $1,705,000 | -39.5% | 1.2% |
Wells Fargo Bank | $5,485,000 | $1,605,000 | -70.7% | 1.1% |
Mortgage Research Center, LLC | $1,755,000 | $1,335,000 | -23.9% | 0.9% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,155,000 | $1,235,000 | 6.9% | 0.8% |
BankVista | $1,890,000 | $1,175,000 | -37.8% | 0.8% |
Think Mutual Bank | $580,000 | $1,025,000 | 76.7% | 0.7% |
Bluff View Bank | $990,000 | n/a | 0.7% | |
MARINE | $1,460,000 | $920,000 | -37.0% | 0.6% |
AMERICAN FINANCIAL NETWORK, INC. | $875,000 | n/a | 0.6% | |
Waterstone Mortgage Corporation | $320,000 | $765,000 | 139.1% | 0.5% |
NAVY FEDERAL CREDIT UNION | $440,000 | $735,000 | 67.0% | 0.5% |
First Federal Bank | $815,000 | $720,000 | -11.7% | 0.5% |
NEWREZ LLC | $650,000 | $720,000 | 10.8% | 0.5% |
21ST MORTGAGE CORPORATION | $1,245,000 | $715,000 | -42.6% | 0.5% |
Citizens State Bank of La Crosse | $2,230,000 | $690,000 | -69.1% | 0.5% |
Prosperity Home Mortgage, LLC | $990,000 | $665,000 | -32.8% | 0.5% |
The Huntington National Bank | $600,000 | n/a | 0.4% | |
First Alliance Credit Union | $640,000 | $575,000 | -10.2% | 0.4% |
CROSSCOUNTRY MORTGAGE, LLC | $360,000 | $570,000 | 58.3% | 0.4% |
Carrington Mortgage Services, LLC | $165,000 | $535,000 | 224.2% | 0.4% |
BROKER SOLUTIONS, INC. | $400,000 | $530,000 | 32.5% | 0.4% |
GUARANTEED RATE, INC. | $415,000 | $525,000 | 26.5% | 0.4% |
Plains Commerce Bank | $115,000 | $515,000 | 347.8% | 0.4% |
Eitzen State Bank | $2,835,000 | $505,000 | -82.2% | 0.3% |
Bank of America | $125,000 | $480,000 | 284.0% | 0.3% |
Servion, Inc. | $750,000 | $475,000 | -36.7% | 0.3% |
LOANDEPOT.COM, LLC | $1,950,000 | $465,000 | -76.2% | 0.3% |
Associated Bank | $600,000 | $420,000 | -30.0% | 0.3% |
City State Bank | $365,000 | n/a | 0.2% | |
BMO Harris Bank | $335,000 | n/a | 0.2% | |
IOWA BANKERS MORTGAGE CORPORATION | $335,000 | n/a | 0.2% | |
Royal Credit Union | $240,000 | $325,000 | 35.4% | 0.2% |
GREENSTATE CREDIT UNION | $320,000 | n/a | 0.2% | |
Manufacturers Bank & Trust Company | $145,000 | $290,000 | 100.0% | 0.2% |
Sterling State Bank | $275,000 | n/a | 0.2% | |
Citizens Bank | $270,000 | n/a | 0.2% | |
F & M Community Bank | $750,000 | $265,000 | -64.7% | 0.2% |
CMG MORTGAGE, INC. | $415,000 | $260,000 | -37.3% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $65,000 | $255,000 | 292.3% | 0.2% |
PROVIDENT FUNDING ASSOCIATES, L.P. | $245,000 | n/a | 0.2% | |
State Bank Financial | $3,610,000 | $245,000 | -93.2% | 0.2% |
MILEND, INC. | $235,000 | n/a | 0.2% | |
American Mortgage & Equity Consultants, Inc. | $2,215,000 | $230,000 | -89.6% | 0.2% |
Baxter Credit Union | $225,000 | n/a | 0.2% | |
Frandsen Bank & Trust | $215,000 | n/a | 0.1% | |
SOUTHPOINT FINANCIAL | $215,000 | n/a | 0.1% | |
UNION HOME MORTGAGE CORP. | $215,000 | n/a | 0.1% | |
The State Bank of Faribault | $165,000 | $205,000 | 24.2% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $195,000 | $195,000 | 0.0% | 0.1% |
GOVERNMENTAL EMPLOYEES | $35,000 | $185,000 | 428.6% | 0.1% |
Sunrise Banks | $185,000 | n/a | 0.1% | |
MOVEMENT MORTGAGE, LLC | $125,000 | $175,000 | 40.0% | 0.1% |
FIRST COMMUNITY MORTGAGE, INC. | $155,000 | n/a | 0.1% | |
NexBank | $155,000 | n/a | 0.1% | |
AXIA FINANCIAL, LLC | $145,000 | n/a | 0.1% | |
HIWAY | $125,000 | n/a | 0.1% | |
CENTRAL MINNESOTA Credit Union | $115,000 | n/a | 0.1% | |
FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.1% | |
Firefighters Credit Union | $930,000 | $115,000 | -87.6% | 0.1% |
Tradition Mortgage, LLC | $580,000 | $115,000 | -80.2% | 0.1% |
TRIAD FINANCIAL SERVICES, INC. | $185,000 | $115,000 | -37.8% | 0.1% |
USAA Federal Savings Bank | $115,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $205,000 | $105,000 | -48.8% | 0.1% |
Barrington Bank & Trust Company, N.A. | $225,000 | $95,000 | -57.8% | 0.1% |
Coastal Community Bank | $55,000 | n/a | 0.0% | |
Deere Employees Credit Union | $215,000 | $55,000 | -74.4% | 0.0% |
Discover Bank | $55,000 | n/a | 0.0% | |
Flagstar Bank, FSB | $575,000 | $55,000 | -90.4% | 0.0% |
ONB Bank | $45,000 | n/a | 0.0% | |
Park Bank | $205,000 | $45,000 | -78.0% | 0.0% |
Centier Bank | $35,000 | n/a | 0.0% | |
University of Wisconsin Credit Union | $185,000 | $35,000 | -81.1% | 0.0% |
IDEAL | $15,000 | n/a | 0.0% |
Winona's top lender by overall market share is Merchants Bank, with 34.2% market share. In second place, with 15.4%, is ALTRA, having originated $22,550,000 in loans. In third place, with 9.1%, is WNB Financial, N.A., having originated $13,300,000 in loans. In fourth place, with 2.9%, is Foresight Bank, having originated $4,255,000 in loans. In fifth place, with 2.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $4,040,000 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 | $164,900 (12.0%) | $209,429 (4.9%) | 0.00 | 93 |
2018-04-01 | $173,675 (16.6%) | $229,213 (12.3%) | 0.00 | 112 |
2018-05-01 | $181,050 (19.3%) | $238,157 (18.9%) | 0.00 | 121 |
2018-06-01 | $179,900 (14.6%) | $247,487 (22.2%) | 0.00 | 131 |
2018-07-01 | $179,900 (3.0%) | $245,641 (18.1%) | 0.00 | 157 |
2018-08-01 | $182,175 (9.7%) | $242,664 (15.9%) | 0.00 | 179 |
2018-09-01 | $179,900 (14.6%) | $240,055 (15.5%) | 0.00 | 189 |
2018-10-01 | $176,950 (14.7%) | $233,798 (14.4%) | 0.00 | 191 |
2018-11-01 | $174,925 (16.7%) | $234,587 (18.4%) | 0.00 | 171 |
2018-12-01 | $174,900 (20.6%) | $242,076 (22.6%) | 0.00 | 136 |
2019-01-01 | $162,400 (8.7%) | $237,080 (18.7%) | 0.00 | 103 |
2019-02-01 | $159,950 (6.7%) | $244,534 (22.3%) | 0.00 | 85 |
2019-03-01 | $189,950 (15.2%) | $265,445 (26.8%) | 0.00 | 96 |
2019-04-01 | $222,475 (28.1%) | $280,239 (22.3%) | 0.00 | 112 |
2019-05-01 | $225,000 (24.3%) | $280,237 (17.7%) | 0.00 | 130 |
2019-06-01 | $225,950 (25.6%) | $283,379 (14.5%) | 0.00 | 138 |
2019-07-01 | $198,100 (10.1%) | $265,745 (8.2%) | 0.00 | 138 |
2019-08-01 | $199,391 (9.5%) | $255,030 (5.1%) | 0.00 | 146 |
2019-09-01 | $199,677 (11.0%) | $245,703 (2.4%) | 0.00 | 153 |
2019-10-01 | $199,868 (13.0%) | $240,597 (2.9%) | 0.00 | 153 |
2019-11-01 | $187,450 (7.2%) | $252,789 (7.8%) | 0.00 | 131 |
2019-12-01 | $193,725 (10.8%) | $227,737 (-5.9%) | 0.00 | 116 |
2020-01-01 | $210,000 (29.3%) | $238,909 (0.8%) | 0.00 | 97 |
2020-02-01 | $194,900 (21.9%) | $227,546 (-7.0%) | 0.00 | 89 |
2020-03-01 | $193,450 (1.8%) | $239,296 (-9.9%) | 0.00 | 83 |
2020-04-01 | $204,900 (-7.9%) | $233,722 (-16.6%) | 0.00 | 92 |
2020-05-01 | $209,900 (-6.7%) | $243,624 (-13.1%) | 0.00 | 100 |
2020-06-01 | $243,700 (7.9%) | $276,304 (-2.5%) | 0.00 | 100 |
2020-07-01 | $222,500 (12.3%) | $272,133 (2.4%) | 0.00 | 96 |
2020-08-01 | $234,500 (17.6%) | $298,605 (17.1%) | 0.00 | 87 |
2020-09-01 | $249,900 (25.2%) | $313,507 (27.6%) | 0.00 | 89 |
2020-10-01 | $224,900 (12.5%) | $290,400 (20.7%) | 0.00 | 89 |
2020-11-01 | $222,475 (18.7%) | $290,857 (15.1%) | 0.00 | 71 |
2020-12-01 | $194,925 (0.6%) | $273,410 (20.1%) | 0.00 | 59 |
2021-01-01 | $215,000 (2.4%) | $267,768 (12.1%) | 0.00 | 43 |
2021-02-01 | $207,500 (6.5%) | $253,725 (11.5%) | 0.00 | 38 |
2021-03-01 | $217,475 (12.4%) | $267,061 (11.6%) | 0.00 | 34 |
2021-04-01 | $176,950 (-13.6%) | $234,916 (0.5%) | 0.00 | 41 |
2021-05-01 | $199,950 (-4.7%) | $274,884 (12.8%) | 0.00 | 43 |
2021-06-01 | $211,950 (-13.0%) | $279,004 (1.0%) | 0.00 | 53 |
2021-07-01 | $219,450 (-1.4%) | $281,876 (3.6%) | 0.00 | 76 |
2021-08-01 | $199,900 (-14.8%) | $266,852 (-10.6%) | 0.00 | 87 |
2021-09-01 | $199,675 (-20.1%) | $263,892 (-15.8%) | 0.00 | 78 |
2021-10-01 | $219,900 (-2.2%) | $277,526 (-4.4%) | 0.00 | 70 |
2021-11-01 | $224,500 (0.9%) | $287,378 (-1.2%) | 0.00 | 52 |
2021-12-01 | $199,950 (2.6%) | $272,381 (-0.4%) | 0.00 | 49 |
2022-01-01 | $184,900 (-14.0%) | $254,404 (-5.0%) | 0.00 | 41 |
2022-02-01 | $202,475 (-2.4%) | $328,024 (29.3%) | 0.00 | 36 |
2022-03-01 | $243,900 (12.2%) | $340,131 (27.4%) | 0.00 | 28 |
2022-04-01 | $211,950 (19.8%) | $327,508 (39.4%) | 0.00 | 32 |
2022-05-01 | $221,150 (10.6%) | $325,274 (18.3%) | 0.00 | 44 |
2022-06-01 | $244,500 (15.4%) | $326,195 (16.9%) | 0.00 | 56 |
2022-07-01 | $244,000 (11.2%) | $317,716 (12.7%) | 0.00 | 62 |
2022-08-01 | $253,500 (26.8%) | $323,608 (21.3%) | 0.00 | 60 |
2022-09-01 | $244,350 (22.4%) | $305,048 (15.6%) | 0.00 | 62 |
2022-10-01 | $249,000 (13.2%) | $332,439 (19.8%) | 0.00 | 61 |
2022-11-01 | $251,100 (11.9%) | $336,519 (17.1%) | 0.00 | 55 |
2022-12-01 | $237,000 (18.5%) | $337,402 (23.9%) | 0.00 | 50 |
2023-01-01 | $287,950 (55.7%) | $374,634 (47.3%) | 0.00 | 42 |
2023-02-01 | $271,150 (33.9%) | $300,567 (-8.4%) | 0.00 | 39 |
2023-03-01 | $257,450 (5.6%) | $296,310 (-12.9%) | 0.00 | 36 |
2023-04-01 | $291,000 (37.3%) | $402,003 (22.8%) | 0.00 | 38 |
2023-05-01 | $298,475 (35.0%) | $412,076 (26.7%) | 0.00 | 46 |
2023-06-01 | $297,650 (21.7%) | $418,783 (28.4%) | 0.00 | 56 |
2023-07-01 | $317,450 (30.1%) | $426,426 (34.2%) | 0.00 | 52 |
2023-08-01 | $302,425 (19.3%) | $421,741 (30.3%) | 0.00 | 60 |
2023-09-01 | $302,450 (23.8%) | $424,983 (39.3%) | 0.00 | 58 |
2023-10-01 | $291,000 (16.9%) | $400,186 (20.4%) | 0.00 | 61 |
2023-11-01 | $357,000 (42.2%) | $448,601 (33.3%) | 0.00 | 56 |
2023-12-01 | $327,500 (38.2%) | $435,432 (29.1%) | 0.00 | 49 |
2024-01-01 | $355,000 (23.3%) | $439,081 (17.2%) | 0.00 | 39 |
2024-02-01 | $452,400 (66.8%) | $500,278 (66.4%) | 0.00 | 36 |
2024-03-01 | $445,000 (72.9%) | $485,115 (63.7%) | 0.00 | 36 |
2024-04-01 | $356,200 (22.4%) | $453,179 (12.7%) | 0.00 | 44 |
2024-05-01 | $376,249 (26.1%) | $445,055 (8.0%) | 0.00 | 45 |
2024-06-01 | $389,950 (31.0%) | $460,082 (9.9%) | 0.00 | 51 |
2024-07-01 | $339,900 (7.1%) | $422,420 (-0.9%) | 0.00 | 53 |
2024-08-01 | $309,900 (2.5%) | $400,499 (-5.0%) | 0.00 | 56 |
2024-09-01 | $275,000 (-9.1%) | $361,507 (-14.9%) | 0.00 | 62 |
Winona's median listing price comes in at 0% of the national average.
Winona's average listing price for 2024-09-01 was $361,507, a difference of $-63,476 (-14.9%) versus the prior year and $-38,992 versus the prior month.
For the 2024-09-01 period, Winona had 62 MLS listings, a difference of 6 listings (11%) versus the prior month and 4 listings (7%) 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 | 2,435 sqft |
2018-04-01 | 0 days | 2,500 sqft |
2018-05-01 | 0 days | 2,513 sqft |
2018-06-01 | 0 days | 2,538 sqft |
2018-07-01 | 0 days | 2,528 sqft |
2018-08-01 | 0 days | 2,463 sqft |
2018-09-01 | 0 days | 2,454 sqft |
2018-10-01 | 0 days | 2,424 sqft |
2018-11-01 | 0 days | 2,445 sqft |
2018-12-01 | 0 days | 2,454 sqft |
2019-01-01 | 0 days | 1,972 sqft |
2019-02-01 | 0 days | 1,929 sqft |
2019-03-01 | 0 days | 2,103 sqft |
2019-04-01 | 0 days | 2,215 sqft |
2019-05-01 | 0 days | 2,130 sqft |
2019-06-01 | 0 days | 2,124 sqft |
2019-07-01 | 0 days | 1,995 sqft |
2019-08-01 | 0 days | 1,991 sqft |
2019-09-01 | 0 days | 1,927 sqft |
2019-10-01 | 0 days | 1,877 sqft |
2019-11-01 | 0 days | 1,863 sqft |
2019-12-01 | 0 days | 1,852 sqft |
2020-01-01 | 0 days | 1,854 sqft |
2020-02-01 | 0 days | 1,770 sqft |
2020-03-01 | 0 days | 1,890 sqft |
2020-04-01 | 0 days | 1,881 sqft |
2020-05-01 | 0 days | 1,896 sqft |
2020-06-01 | 0 days | 2,281 sqft |
2020-07-01 | 0 days | 2,007 sqft |
2020-08-01 | 0 days | 2,160 sqft |
2020-09-01 | 0 days | 2,410 sqft |
2020-10-01 | 0 days | 2,221 sqft |
2020-11-01 | 0 days | 2,199 sqft |
2020-12-01 | 0 days | 1,945 sqft |
2021-01-01 | 0 days | 1,945 sqft |
2021-02-01 | 0 days | 1,939 sqft |
2021-03-01 | 0 days | 1,931 sqft |
2021-04-01 | 0 days | 1,668 sqft |
2021-05-01 | 0 days | 1,919 sqft |
2021-06-01 | 0 days | 1,930 sqft |
2021-07-01 | 0 days | 1,906 sqft |
2021-08-01 | 0 days | 1,720 sqft |
2021-09-01 | 0 days | 1,753 sqft |
2021-10-01 | 0 days | 1,749 sqft |
2021-11-01 | 0 days | 1,792 sqft |
2021-12-01 | 0 days | 1,844 sqft |
2022-01-01 | 0 days | 1,694 sqft |
2022-02-01 | 0 days | 2,367 sqft |
2022-03-01 | 0 days | 2,328 sqft |
2022-04-01 | 0 days | 2,254 sqft |
2022-05-01 | 0 days | 1,705 sqft |
2022-06-01 | 0 days | 1,794 sqft |
2022-07-01 | 0 days | 1,998 sqft |
2022-08-01 | 0 days | 1,899 sqft |
2022-09-01 | 0 days | 1,911 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 |
2023-03-01 | 0 days | 1,824 sqft |
2023-04-01 | 0 days | 2,122 sqft |
2023-05-01 | 0 days | 2,077 sqft |
2023-06-01 | 0 days | 2,052 sqft |
2023-07-01 | 0 days | 2,163 sqft |
2023-08-01 | 0 days | 1,985 sqft |
2023-09-01 | 0 days | 2,041 sqft |
2023-10-01 | 0 days | 2,054 sqft |
2023-11-01 | 0 days | 2,165 sqft |
2023-12-01 | 0 days | 2,127 sqft |
2024-01-01 | 0 days | 2,143 sqft |
2024-02-01 | 0 days | 2,323 sqft |
2024-03-01 | 0 days | 2,540 sqft |
2024-04-01 | 0 days | 2,568 sqft |
2024-05-01 | 0 days | 2,714 sqft |
2024-06-01 | 0 days | 2,540 sqft |
2024-07-01 | 0 days | 2,039 sqft |
2024-08-01 | 0 days | 1,872 sqft |
2024-09-01 | 0 days | 1,714 sqft |
Winona's median square footage for active listings during the 2024-09-01 period was 1,714 sqft. One year prior, the average listing was 2,041 sqft.
Winona, MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 493 | $105,455,000 | $213,905 |
Refi | 164 | $17,130,000 | $104,451 |
Other | 130 | $7,590,000 | $58,385 |
Home Improvement | 128 | $8,260,000 | $64,531 |
Cash Out Refi | 57 | $8,325,000 | $146,053 |
Winona's most frequently cited loan purpose was Home Purchase, with 493 originations. The 2nd most popular reason was Refi, with 164 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 320 | $57,880,000 | $180,875 |
7-8% | 220 | $35,530,000 | $161,500 |
5-6% | 126 | $21,530,000 | $170,873 |
2.5-3% | 111 | $7,765,000 | $69,955 |
Over 8% | 91 | $8,415,000 | $92,473 |
4-5% | 33 | $3,805,000 | $115,303 |
<2.5% | 14 | $210,000 | $15,000 |
3-4% | 8 | $400,000 | $50,000 |
During 2023, Winona's most frequently originated rate bucket was 6-7%, with 320 originations.
Loan Sizing (Winona, MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 428 | $19,700,000 | $46,028 |
$100k-200k | 293 | $43,605,000 | $148,823 |
$200k-400k | 204 | $53,630,000 | $262,892 |
$400k-600k | 36 | $17,130,000 | $475,833 |
$600k-1000k | 8 | $5,590,000 | $698,750 |
$Over $1MM | 3 | $7,105,000 | $2,368,333 |
Winona's loan sizing saw the bucket of loans from $100,000 or less with 428 originations, totaling $19,700,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 296 | $65,790,000 | $222,264 |
Under 20% | 255 | $10,245,000 | $40,176 |
60-80% | 149 | $31,455,000 | $211,107 |
20-40% | 143 | $13,815,000 | $96,608 |
40-60% | 74 | $13,820,000 | $186,757 |
Winona's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 296 originations, totaling $65,790,000 in origination value.