Winona Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Winona averaged 7.07% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.85% and one month ago for the week of 2024-03-14, the average rate was 6.61%.

    Winona's average rate one year ago was 6.24%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.2%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Winona 30 Year Fixed Rate 2024-04-18 7.07%
    Winona 30 Year Fixed Rate Refi 2024-04-18 7.2%
    Winona 15 Year Fixed Rate 2024-04-18 6.59%
    Winona 15 Year Fixed Rate Refi 2024-04-18 6.89%
    Winona 30 Year FHA 2024-04-18 6.66%
    Winona 30 Year FHA Refi 2024-04-18 7.06%
    Winona 30 Year USDA 2024-04-18 6.66%
    Winona 30 Year USDA Refi 2024-04-18 6.66%
    Winona 30 Year VA 2024-04-18 6.66%
    Winona 30 Year VA Refi 2024-04-18 6.96%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Winona, MN.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Merchants Bank 112 6.38% $3,841
    ALTRA 74 6.75% $3,599
    WNB Financial, N.A. 26 7.06% $3,917
    Home Federal Savings Bank 13 6.40% $3,868
    Bell Bank 10 6.91% $4,656
    Bremer Bank 8 6.92% $4,840
    Minnwest Bank 6 6.17% $3,606
    U.S. Bank 6 6.96% $3,875
    QUICKEN LOANS, LLC 6 7.14% $4,872
    UNITED WHOLESALE MORTGAGE, LLC 5 7.10% $3,916
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.92% $5,042
    COMPEER FINANCIAL, FLCA 4 7.97% $6,045
    Think Mutual Bank 3 6.67% $5,361
    CROSSCOUNTRY MORTGAGE, LLC 2 6.88% $5,029
    First Alliance Credit Union 2 6.31% $2,974
    First Federal Bank 2 6.63% $6,198
    Prosperity Home Mortgage, LLC 2 6.75% $4,020
    Associated Bank 2 6.50% $3,445
    Servion, Inc. 2 6.44% $2,829
    The Huntington National Bank 2 7.25% $4,501
    Waterstone Mortgage Corporation 2 8.06% $6,066
    Wells Fargo Bank 2 5.44% $6,933
    NAVY FEDERAL CREDIT UNION 1 8.13% $4,236
    Bank of America 1 7.63% $6,976
    Barrington Bank & Trust Company, N.A. 1 6.75% $3,418
    Baxter Credit Union 1 6.63% $3,130
    CENTRAL MINNESOTA Credit Union 1 7.13% $2,088
    CMG MORTGAGE, INC. 1 7.49% $5,073
    Frandsen Bank & Trust 1 7.13% $5,046
    GREENSTATE CREDIT UNION 1 6.99% $2,266
    GUARANTEED RATE, INC. 1 6.98% $3,095
    HIWAY 1 6.00% $3,132
    IOWA BANKERS MORTGAGE CORPORATION 1 7.25% $3,004
    LAKEVIEW LOAN SERVICING, LLC 1 6.99% $9,496
    MILEND, INC. 1 8.00% $6,177
    Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $11,366
    AFFINITY PLUS 1 6.88% $3,776
    NEWREZ LLC 1 7.13% $5,594
    NexBank 1 7.13% $7,220
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 7.13% $8,569
    Royal Credit Union 1 6.38% $0
    Tradition Mortgage, LLC 1 7.63% $3,581
    USAA Federal Savings Bank 1 6.00% $3,002

    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. Louis
    Date 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
    Winona's median listing price for 2024-03-01 was $445,000, a difference of $187,550 (72.9%) versus the prior year and $-7,400 versus the prior month.

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

    Winona's average listing price for 2024-03-01 was $485,115, a difference of $188,805 (63.7%) versus the prior year and $-15,163 versus the prior month.

    For the 2024-03-01 period, Winona had 36 MLS listings, a difference of 0 listings (0%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Winona (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,245 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
    Winona's median listing age (time on market) for 2024-03-01 was 0 days.

    Winona's median square footage for active listings during the 2024-03-01 period was 2,540 sqft. One year prior, the average listing was 1,824 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.