Mortgage lending in Olmsted County
3,562 mortgages were originated in Olmsted County, Minnesota, in 2025.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 3,562
- Median rate
- 6.500%
- Median lender fees
- $4,632
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $245,000
- Above the going rate (spread over APOR)
- 0.160
- Paid discount points
- 29.4%
- Received lender credits
- 25.6%
- Purchases / refinances
- 59.2% / 21.8%
- Conventional / FHA / VA
- 89.6% / 6.1% / 4.2%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 72.9% of loans here — see methodology.
Loan limits here in 2026
- Conforming limit
- $832,750
- FHA limit
- $541,287
- Median home price
- $330,000
- That home, 20% down
- $264,000
A median-priced home with 20% down leaves $568,750 of room under the conforming limit, so the ceiling rarely binds on an ordinary purchase.
Borrow more than $832,750 and the loan becomes jumbo — outside agency rules, priced by each lender on its own terms. How limits work
Median price is HUD's figure for the 2026 limit calculation, not a live market quote.
Who lent here
Lenders with at least 50 loans in Olmsted County, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Think Mutual Bank | 398 | $3,819 | 6.690% |
| United Shore Financial Services, LLC | 335 | $6,127 | 6.399% |
| Alerus Financial, National Association | 164 | $4,175 | 6.495% |
| Mayo Employees Federal Credit Union | 153 | $152 | 6.590% |
| U.S. Bank National Association | 144 | $4,220 | 6.625% |
| Bell Bank | 139 | $5,675 | 6.490% |
| Merchants Bank, National Association | 128 | $5,030 | 6.150% |
| ALTRA Federal Credit Union | 120 | $4,873 | 6.513% |
| First Alliance Credit Union | 114 | $231 | 7.000% |
| Rocket Mortgage, LLC | 100 | $4,991 | 6.500% |
What lenders charged here
Lender fees on a $245,000 loan, based on what was actually charged in Olmsted County — not a rule of thumb.
From 2,598 loans where fees were reported. This is what the lender charges — sections A and B of a Loan Estimate. Title, appraisal, taxes and the escrow deposit your lender collects up front for future tax and insurance bills are extra and not in these figures. Compare two offers