Worthington Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Worthington averaged
7.06%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.09% and
one month ago for the week of 2025-05-15, the
average rate was 6.86%.
Worthington's average rate one year ago was 6.9%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Worthington 30 Year Fixed Rate | 2025-06-18 | 7.06% |
| Worthington 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Worthington 15 Year Fixed Rate | 2025-06-18 | 5.76% |
| Worthington 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
| Worthington 30 Year FHA | 2025-06-18 | -0.2% |
| Worthington 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Worthington 30 Year USDA | 2025-06-18 | 0.1% |
| Worthington 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Worthington 30 Year VA | 2025-06-18 | 0% |
| Worthington 30 Year VA Refi | 2025-06-18 | -0.2% |
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.).
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, 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.