Worthington Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Worthington averaged 6.59% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.9% and one month ago for the week of 2025-02-27, the average rate was 6.81%.

Worthington's average rate one year ago was 7.14%.

For refis of the same type during the week of 2025-04-03, the average rate was 6.74%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-03 6.64%
Worthington 30 Year Fixed Rate 2025-04-03 6.59%
Worthington 30 Year Fixed Rate Refi 2025-04-03 6.74%
Worthington 15 Year Fixed Rate 2025-04-03 5.92%
Worthington 15 Year Fixed Rate Refi 2025-04-03 6.02%
Worthington 30 Year FHA 2025-04-03 6.06%
Worthington 30 Year FHA Refi 2025-04-03 6.26%
Worthington 30 Year USDA 2025-04-03 6.12%
Worthington 30 Year USDA Refi 2025-04-03 6.12%
Worthington 30 Year VA 2025-04-03 6.26%
Worthington 30 Year VA Refi 2025-04-03 5.86%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Worthington, MN.

Worthington 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 Worthington, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Plains Commerce Bank 15 7.18% $5,155
QUICKEN LOANS, LLC 14 6.59% $6,015
Servion, Inc. 11 6.92% $5,544
TOWNE MORTGAGE COMPANY 10 6.88% $5,003
COMPEER FINANCIAL, FLCA 6 7.75% $3,804
IOWA BANKERS MORTGAGE CORPORATION 5 6.50% $4,237
American Bank & Trust 3 6.63% $3,545
PREMIER LENDING, INC. 2 7.13% $6,083
U.S. Bank 2 7.19% $1,595
Wells Fargo Bank 2 7.06% $3,881
LOANDEPOT.COM, LLC 2 6.31% $5,702
MOVEMENT MORTGAGE, LLC 1 5.99% $5,986
NAVY FEDERAL CREDIT UNION 1 6.63% $2,591
NEWREZ LLC 1 6.50% $4,984
Northwest Bank 1 6.75% $1,836
Park State Bank 1 5.75% $5,117
PENNYMAC LOAN SERVICES, LLC 1 6.62% $7,175
PENTAGON FEDERAL CREDIT UNION 1 6.38% $3,050
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.99% $8,249
Summit Mortgage Corporation 1 7.13% $8,195
West Gate Bank 1 7.50% $3,025
AMERISAVE MORTGAGE CORPORATION 1 5.88% $5,484
Barrington Bank & Trust Company, N.A. 1 7.50% $6,418
BMO Harris Bank 1 8.00% $3,051
CARDINAL FINANCIAL 1 7.38% $6,440
EVERETT FINANCIAL, INC. 1 7.50% $6,993
First Bank & Trust 1 5.88% $3,508
First Western Bank & Trust 1 7.50% $7,511
GUARANTEED RATE, INC. 1 7.25% $4,104
Merchants Bank 1 6.90% $13,455
Minnwest Bank 1 6.25% $4,959

Worthington Average Closing Costs & Other Stats

Worthington, MN's 31 lenders originated 252 loans during 2024. The total origination value was $43,690,000, with an average loan value of $173,373.

Worthington's average closing costs are $5,164.

The top Worthington lender as defined by loan originations is Plains Commerce Bank, with 15 loans originated. Their average total fees are $5,155, which is $860 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Worthington lenders (with over 10 loans originated) are TOWNE MORTGAGE COMPANY ($5,003), Plains Commerce Bank ($5,155), Servion, Inc. ($5,544), QUICKEN LOANS, LLC ($6,015) and .

The lowest rate Worthington lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.59%), TOWNE MORTGAGE COMPANY (6.88%), Servion, Inc. (6.92%), Plains Commerce Bank (7.18%) and .

Worthington, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
QUICKEN LOANS, LLC $2,625,000 $4,565,000 73.9% 10.4%
Plains Commerce Bank $4,145,000 $3,545,000 -14.5% 8.1%
Servion, Inc. $555,000 $3,040,000 447.7% 7.0%
TOWNE MORTGAGE COMPANY $410,000 $3,000,000 631.7% 6.9%
COMPEER FINANCIAL, FLCA $2,375,000 $1,725,000 -27.4% 3.9%
American Bank & Trust $2,865,000 $1,285,000 -55.1% 2.9%
IOWA BANKERS MORTGAGE CORPORATION $145,000 $1,055,000 627.6% 2.4%
U.S. Bank $745,000 n/a 1.7%
GUARANTEED RATE, INC. $305,000 $655,000 114.8% 1.5%
LOANDEPOT.COM, LLC $585,000 $625,000 6.8% 1.4%
BMO Harris Bank $535,000 n/a 1.2%
PREMIER LENDING, INC. $525,000 n/a 1.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $95,000 $420,000 342.1% 1.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 $410,000 148.5% 0.9%
NAVY FEDERAL CREDIT UNION $255,000 $400,000 56.9% 0.9%
Minnwest Bank $230,000 $385,000 67.4% 0.9%
Summit Mortgage Corporation $385,000 n/a 0.9%
Wells Fargo Bank $680,000 $355,000 -47.8% 0.8%
First Western Bank & Trust $45,000 $350,000 677.8% 0.8%
Merchants Bank $325,000 n/a 0.7%
Mortgage Research Center, LLC $155,000 $310,000 100.0% 0.7%
Community Bank Mankato $295,000 n/a 0.7%
MOVEMENT MORTGAGE, LLC $235,000 $265,000 12.8% 0.6%
First PREMIER Bank $415,000 $255,000 -38.6% 0.6%
Barrington Bank & Trust Company, N.A. $235,000 $245,000 4.3% 0.6%
VILLAGE CAPITAL MORTGAGE $245,000 n/a 0.6%
Security Savings Bank $235,000 n/a 0.5%
Royal Credit Union $225,000 n/a 0.5%
The Federal Savings Bank $225,000 n/a 0.5%
USAA Federal Savings Bank $225,000 n/a 0.5%
American Mortgage & Equity Consultants, Inc. $215,000 n/a 0.5%
AMERISAVE MORTGAGE CORPORATION $215,000 n/a 0.5%
Cambria Financial Group, LLC $215,000 n/a 0.5%
PREMIA MORTGAGE, LLC $215,000 n/a 0.5%
EVERETT FINANCIAL, INC. $210,000 n/a 0.5%
Park State Bank $205,000 n/a 0.5%
CARDINAL FINANCIAL $370,000 $155,000 -58.1% 0.4%
NEWREZ LLC $155,000 n/a 0.4%
PENTAGON FEDERAL CREDIT UNION $155,000 n/a 0.4%
UNITED WHOLESALE MORTGAGE, LLC $145,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $135,000 n/a 0.3%
SOUTHPOINT FINANCIAL $125,000 n/a 0.3%
Mid-Continent Funding, Inc. $115,000 n/a 0.3%
West Gate Bank $115,000 n/a 0.3%
Citizens Bank $105,000 n/a 0.2%
Premier Bank $165,000 $95,000 -42.4% 0.2%
First Bank & Trust $345,000 $85,000 -75.4% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $75,000 n/a 0.2%
Discover Bank $125,000 $75,000 -40.0% 0.2%
Northwest Bank $75,000 n/a 0.2%
ALLIANT $55,000 n/a 0.1%
Coastal Community Bank $105,000 $55,000 -47.6% 0.1%
SIOUX EMPIRE $25,000 n/a 0.1%

Worthington's top lender by overall market share is QUICKEN LOANS, LLC, with 10.4% market share. In second place, with 8.1%, is Plains Commerce Bank, having originated $3,545,000 in loans. In third place, with 7.0%, is Servion, Inc., having originated $3,040,000 in loans. In fourth place, with 6.9%, is TOWNE MORTGAGE COMPANY, having originated $3,000,000 in loans. In fifth place, with 3.9%, is COMPEER FINANCIAL, FLCA, having originated $1,725,000 in loans.


Worthington Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Worthington (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 $169,600 (41.5%) $163,064 (15.7%) 0.00 36
2018-02-01 $156,575 (39.3%) $164,175 (27.1%) 0.00 38
2018-03-01 $160,950 (34.2%) $167,361 (17.9%) 0.00 40
2018-04-01 $167,750 (19.9%) $167,629 (-1.3%) 0.00 44
2018-05-01 $176,850 (13.1%) $171,155 (-11.9%) 0.00 49
2018-06-01 $167,450 (21.5%) $169,350 (-14.2%) 0.00 49
2018-07-01 $162,975 (21.7%) $170,981 (-12.8%) 0.00 61
2018-08-01 $179,800 (31.3%) $177,996 (4.1%) 0.00 64
2018-09-01 $167,450 (31.9%) $173,371 (6.3%) 0.00 61
2018-10-01 $158,475 (22.0%) $162,734 (0.5%) 0.00 63
2018-11-01 $159,900 (21.8%) $172,535 (9.4%) 0.00 59
2018-12-01 $162,400 (1.6%) $179,222 (10.2%) 0.00 58
2019-01-01 $167,450 (-1.3%) $181,647 (11.4%) 0.00 50
2019-02-01 $176,225 (12.6%) $183,358 (11.7%) 0.00 47
2019-03-01 $182,400 (13.3%) $189,176 (13.0%) 0.00 48
2019-04-01 $184,275 (9.9%) $196,049 (17.0%) 0.00 54
2019-05-01 $173,050 (-2.2%) $185,142 (8.2%) 0.00 70
2019-06-01 $177,450 (6.0%) $183,669 (8.5%) 0.00 75
2019-07-01 $169,900 (4.3%) $176,433 (3.2%) 0.00 74
2019-08-01 $173,082 (-3.7%) $176,309 (-1.0%) 0.00 75
2019-09-01 $174,105 (4.0%) $175,039 (1.0%) 0.00 70
2019-10-01 $174,900 (10.4%) $174,782 (7.4%) 0.00 64
2019-11-01 $169,900 (6.3%) $167,930 (-2.7%) 0.00 53
2019-12-01 $167,175 (2.9%) $169,638 (-5.4%) 0.00 53
2020-01-01 $177,200 (5.8%) $176,385 (-2.9%) 0.00 48
2020-02-01 $177,450 (0.7%) $176,065 (-4.0%) 0.00 42
2020-03-01 $186,200 (2.1%) $181,885 (-3.9%) 0.00 45
2020-04-01 $185,700 (0.8%) $185,132 (-5.6%) 0.00 44
2020-05-01 $179,500 (3.7%) $183,000 (-1.2%) 0.00 39
2020-06-01 $186,825 (5.3%) $183,191 (-0.3%) 0.00 40
2020-07-01 $180,450 (6.2%) $183,862 (4.2%) 0.00 41
2020-08-01 $183,700 (6.1%) $194,606 (10.4%) 0.00 41
2020-09-01 $224,950 (29.2%) $228,860 (30.8%) 0.00 38
2020-10-01 $189,900 (8.6%) $234,189 (34.0%) 0.00 39
2020-11-01 $174,250 (2.6%) $233,421 (39.0%) 0.00 37
2020-12-01 $174,850 (4.6%) $237,565 (40.0%) 0.00 33
2021-01-01 $175,000 (-1.2%) $237,303 (34.5%) 0.00 37
2021-02-01 $177,300 (-0.1%) $243,265 (38.2%) 0.00 32
2021-03-01 $210,325 (13.0%) $251,509 (38.3%) 0.00 23
2021-04-01 $167,450 (-9.8%) $217,154 (17.3%) 0.00 21
2021-05-01 $222,250 (23.8%) $233,010 (27.3%) 0.00 26
2021-06-01 $202,500 (8.4%) $226,969 (23.9%) 0.00 21
2021-07-01 $175,000 (-3.0%) $225,041 (22.4%) 0.00 16
2021-08-01 $188,250 (2.5%) $233,086 (19.8%) 0.00 21
2021-09-01 $249,575 (11.0%) $252,377 (10.3%) 0.00 25
2021-10-01 $199,900 (5.3%) $242,744 (3.7%) 0.00 28
2021-11-01 $188,075 (7.9%) $216,630 (-7.2%) 0.00 20
2021-12-01 $188,675 (7.9%) $191,898 (-19.2%) 0.00 15
2022-01-01 $224,500 (28.3%) $205,535 (-13.4%) 0.00 13
2022-02-01 $182,000 (2.7%) $205,359 (-15.6%) 0.00 13
2022-03-01 $174,700 (-16.9%) $195,552 (-22.3%) 0.00 16
2022-04-01 $180,750 (7.9%) $229,125 (5.5%) 0.00 18
2022-05-01 $197,175 (-11.3%) $233,590 (0.3%) 0.00 25
2022-06-01 $234,800 (16.0%) $252,759 (11.4%) 0.00 27
2022-07-01 $199,900 (14.2%) $240,500 (6.9%) 0.00 36
2022-08-01 $226,250 (20.2%) $244,314 (4.8%) 0.00 38
2022-09-01 $264,575 (6.0%) $252,406 (0.0%) 0.00 33
2022-10-01 $252,250 (26.2%) $252,103 (3.9%) 0.00 30
2022-11-01 $245,875 (30.7%) $245,344 (13.3%) 0.00 30
2022-12-01 $238,500 (26.4%) $238,000 (24.0%) 0.00 27
2023-01-01 $241,075 (7.4%) $232,353 (13.1%) 0.00 25
2023-02-01 $187,225 (2.9%) $216,233 (5.3%) 0.00 24
2023-03-01 $209,750 (20.1%) $225,450 (15.3%) 0.00 22
2023-04-01 $245,000 (35.6%) $251,765 (9.9%) 0.00 24
2023-05-01 $284,125 (44.1%) $273,618 (17.1%) 0.00 26
2023-06-01 $282,475 (20.3%) $289,731 (14.6%) 0.00 26
2023-07-01 $271,950 (36.0%) $294,828 (22.6%) 0.00 30
2023-08-01 $289,250 (27.9%) $297,893 (21.9%) 0.00 32
2023-09-01 $293,500 (10.9%) $296,063 (17.3%) 0.00 31
2023-10-01 $281,250 (11.5%) $287,115 (13.9%) 0.00 32
2023-11-01 $297,350 (20.9%) $284,968 (16.2%) 0.00 28
2023-12-01 $295,000 (23.7%) $278,623 (17.1%) 0.00 31
2024-01-01 $286,375 (18.8%) $274,818 (18.3%) 0.00 36
2024-02-01 $249,900 (33.5%) $271,916 (25.8%) 0.00 36
2024-03-01 $292,000 (39.2%) $294,647 (30.7%) 0.00 30
2024-04-01 $284,850 (16.3%) $291,256 (15.7%) 0.00 33
2024-05-01 $285,000 (0.3%) $283,077 (3.5%) 0.00 38
2024-06-01 $285,000 (0.9%) $285,502 (-1.5%) 0.00 42
2024-07-01 $274,450 (0.9%) $284,537 (-3.5%) 0.00 46
2024-08-01 $259,000 (-10.5%) $276,796 (-7.1%) 0.00 50
2024-09-01 $254,000 (-13.5%) $273,641 (-7.6%) 0.00 51
2024-10-01 $261,600 (-7.0%) $286,746 (-0.1%) 0.00 50
2024-11-01 $239,000 (-19.6%) $257,818 (-9.5%) 0.00 46
2024-12-01 $223,725 (-24.2%) $259,724 (-6.8%) 0.00 39
2025-01-01 $244,900 (-14.5%) $279,735 (1.8%) 0.00 40
2025-02-01 $249,900 (0.0%) $293,640 (8.0%) 0.00 40
2025-03-01 $240,000 (-17.8%) $288,447 (-2.1%) 0.00 42
Worthington's median listing price for 2025-03-01 was $240,000, a difference of $-52,000 (-17.8%) versus the prior year and $-9,900 versus the prior month.

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

Worthington's average listing price for 2025-03-01 was $288,447, a difference of $-6,200 (-2.1%) versus the prior year and $-5,193 versus the prior month.

For the 2025-03-01 period, Worthington had 42 MLS listings, a difference of 2 listings (5%) versus the prior month and 12 listings (40%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Worthington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,304 sqft
2018-02-01 0 days 2,412 sqft
2018-03-01 0 days 2,384 sqft
2018-04-01 0 days 2,326 sqft
2018-05-01 0 days 2,257 sqft
2018-06-01 0 days 2,204 sqft
2018-07-01 0 days 2,080 sqft
2018-08-01 0 days 2,104 sqft
2018-09-01 0 days 2,085 sqft
2018-10-01 0 days 2,114 sqft
2018-11-01 0 days 2,142 sqft
2018-12-01 0 days 2,284 sqft
2019-01-01 0 days 2,437 sqft
2019-02-01 0 days 2,396 sqft
2019-03-01 0 days 2,169 sqft
2019-04-01 0 days 1,974 sqft
2019-05-01 0 days 1,852 sqft
2019-06-01 0 days 1,871 sqft
2019-07-01 0 days 1,877 sqft
2019-08-01 0 days 1,910 sqft
2019-09-01 0 days 1,946 sqft
2019-10-01 0 days 1,980 sqft
2019-11-01 0 days 1,879 sqft
2019-12-01 0 days 1,875 sqft
2020-01-01 0 days 2,019 sqft
2020-02-01 0 days 1,988 sqft
2020-03-01 0 days 2,019 sqft
2020-04-01 0 days 2,016 sqft
2020-05-01 0 days 2,024 sqft
2020-06-01 0 days 2,103 sqft
2020-07-01 0 days 1,934 sqft
2020-08-01 0 days 2,129 sqft
2020-09-01 0 days 2,235 sqft
2020-10-01 0 days 2,120 sqft
2020-11-01 0 days 1,740 sqft
2020-12-01 0 days 1,616 sqft
2021-01-01 0 days 1,738 sqft
2021-02-01 0 days 1,833 sqft
2021-03-01 0 days 1,852 sqft
2021-04-01 0 days 1,821 sqft
2021-05-01 0 days 1,928 sqft
2021-06-01 0 days 1,756 sqft
2021-07-01 0 days 1,611 sqft
2021-08-01 0 days 1,939 sqft
2021-09-01 0 days 1,995 sqft
2021-10-01 0 days 1,937 sqft
2021-11-01 0 days 1,873 sqft
2021-12-01 0 days 1,796 sqft
2022-01-01 0 days 1,456 sqft
2022-02-01 0 days 2,192 sqft
2022-03-01 0 days 2,051 sqft
2022-04-01 0 days 1,978 sqft
2022-05-01 0 days 1,595 sqft
2022-06-01 0 days 1,684 sqft
2022-07-01 0 days 1,634 sqft
2022-08-01 0 days 1,863 sqft
2022-09-01 0 days 1,663 sqft
2022-10-01 0 days 1,823 sqft
2022-11-01 0 days 1,744 sqft
2022-12-01 0 days 1,702 sqft
2023-01-01 0 days 1,655 sqft
2023-02-01 0 days 1,574 sqft
2023-03-01 0 days 1,579 sqft
2023-04-01 0 days 1,872 sqft
2023-05-01 0 days 1,953 sqft
2023-06-01 0 days 1,962 sqft
2023-07-01 0 days 1,908 sqft
2023-08-01 0 days 1,894 sqft
2023-09-01 0 days 1,920 sqft
2023-10-01 0 days 1,972 sqft
2023-11-01 0 days 2,037 sqft
2023-12-01 0 days 2,054 sqft
2024-01-01 0 days 2,025 sqft
2024-02-01 0 days 2,028 sqft
2024-03-01 0 days 2,054 sqft
2024-04-01 0 days 2,034 sqft
2024-05-01 0 days 1,996 sqft
2024-06-01 0 days 1,856 sqft
2024-07-01 0 days 1,905 sqft
2024-08-01 0 days 1,766 sqft
2024-09-01 0 days 1,859 sqft
2024-10-01 0 days 1,879 sqft
2024-11-01 0 days 1,746 sqft
2024-12-01 0 days 1,735 sqft
2025-01-01 0 days 1,850 sqft
2025-02-01 0 days 1,801 sqft
2025-03-01 0 days 1,872 sqft
Worthington's median listing age (time on market) for 2025-03-01 was 0 days.

Worthington's median square footage for active listings during the 2025-03-01 period was 1,872 sqft. One year prior, the average listing was 2,054 sqft.

Worthington, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 158 $31,280,000 $197,975
Cash Out Refi 44 $6,770,000 $153,864
Refi 21 $3,215,000 $153,095
Other 17 $1,715,000 $100,882
Home Improvement 12 $710,000 $59,167

Worthington's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Cash Out Refi, with 44 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 76 $14,060,000 $185,000
7-8% 60 $10,290,000 $171,500
5-6% 19 $3,215,000 $169,211
Over 8% 17 $1,415,000 $83,235
<2.5% 3 $65,000 $21,667

During 2024, Worthington's most frequently originated rate bucket was 6-7%, with 76 originations.

Loan Sizing (Worthington, MN MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 96 $14,130,000 $147,188
$200k-400k 91 $24,225,000 $266,209
$100,000 or less 61 $3,345,000 $54,836
$400k-600k 3 $1,375,000 $458,333
$600k-1000k 1 $615,000 $615,000

Worthington's loan sizing saw the bucket of loans from $100k-200k with 96 originations, totaling $14,130,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 87 $19,125,000 $219,828
60-80% 36 $5,300,000 $147,222
Under 20% 18 $520,000 $28,889
40-60% 16 $2,340,000 $146,250
20-40% 15 $1,115,000 $74,333
Over 100% 1 $185,000 $185,000

Worthington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 87 originations, totaling $19,125,000 in origination value.