Minnwest Bank closing costs and rates (2024)
In 2024, Minnwest Bank originated 175 purchase mortgages at a median interest rate of 6.12% and median total closing costs of $4,600. That is $2,141 below the national median of $6,741. Minnwest Bank is most active in Minnesota with 166 originations there.
Purchase Originations
175
Median Total Costs
$4,600
−31.8% vs national ($6,741)
Median Rate
6.125%
−7.5% vs national (6.620%)
Median Origination
$2,448
Median Lender Credits
$50
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 174 | 6.125% | $4,606 | $2,474 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Minnesota | 166 | 6.125% | $4,550 | #68 |
| South Dakota | 9 | 6.250% | $4,697 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,191 | 6.125% | — | 3 | −$2,409 | |
| 2 | $2,863 | 6.000% | — | 8 | −$1,737 | |
| 3 | $3,210 | 6.000% | — | 3 | −$1,390 | |
| 4 | $3,376 | 6.188% | — | 4 | −$1,224 | |
| 5 | $3,416 | 5.875% | — | 3 | −$1,184 | |
| 6 | $3,682 | 6.250% | — | 17 | −$918 | |
| 7 | $4,042 | 6.000% | — | 5 | −$558 | |
| 8 | $4,052 | 6.125% | — | 5 | −$548 | |
| 9 | $4,257 | 6.062% | — | 8 | −$343 | |
| 10 | $4,259 | 6.375% | — | 3 | −$341 | |
| 11 | $4,346 | 6.125% | — | 19 | −$254 | |
| 12 | $4,532 | 6.250% | — | 19 | −$68 | |
| 13 | $5,257 | 6.125% | — | 10 | +$657 | |
| 14 | $5,271 | 6.000% | — | 3 | +$671 | |
| 15 | $5,418 | 6.312% | — | 2 | +$818 | |
| 16 | $5,608 | 5.625% | — | 7 | +$1,008 | |
| 17 | $5,765 | 6.812% | — | 6 | +$1,165 | |
| 18 | $6,002 | 6.000% | — | 3 | +$1,402 | |
| 19 | $6,398 | 6.125% | — | 8 | +$1,798 | |
| 20 | $6,422 | 6.375% | — | 5 | +$1,822 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.