What are the average closing costs in Otter Tail County County?

In Otter Tail County County, the median total loan costs on purchase mortgages were $5,100 in 2024, based on 408 originations.

Which lender has the lowest closing costs in Otter Tail County County?

Among lenders with 10+ originations in Otter Tail County County, MORTGAGE RESEARCH CENTER, LLC had the lowest median total closing costs at $2,565 in 2024.

How do closing costs in Otter Tail County County compare to Minnesota?

Otter Tail County County closing costs (median $5,100) are 10.9% below the Minnesota state median of $5,722.

Lowest closing cost mortgage lenders in Otter Tail County County, Minnesota

In Otter Tail County, Minnesota, homebuyers paid a median of $5,100 in closing costs in 2024 — below the Minnesota median of $5,722. The county saw 408 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, MORTGAGE RESEARCH CENTER, LLC offered the lowest median costs at $2,565, which is $2,198 less than the county median.

Homebuyers in Otter Tail County County who chose MORTGAGE RESEARCH CENTER, LLC paid $2,535 less in closing costs than the county median.

County Median Costs

$5,100

−10.9% vs Minnesota ($5,722)

Median Rate

6.620%

+0.0% vs national (6.620%)

Median Origination

$2,603

Purchase Originations

408

vs Minnesota Median

10.9% below

$-622

vs National Median

24.3% below

$-1,641

Lender rankings in Otter Tail County County

9 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	Bell Bank	$3,340	6.875%	$1,078	33	−$1,339
2	AFFINITY PLUS	$4,168	6.438%	$1,960	10	−$511
3	Merchants Bank, National Association	$4,239	6.338%	$2,072	12	−$440
4	Tradition Mortgage, LLC	$4,260	6.495%	$2,368	24	−$418
5	Bremer Bank, National Association	$4,639	6.500%	$2,288	13	−$40
6	UNITED WHOLESALE MORTGAGE, LLC	$4,799	6.999%	$2,828	47	+$120
7	Gate City Bank	$5,468	6.125%	$3,172	44	+$790
8	PRIMARY RESIDENTIAL MORTGAGE, INC.	$6,279	6.625%	$3,995	15	+$1,600

Includes lenders with 10+ purchase originations in Otter Tail County County. Source: HMDA 2024. Sorted by median total loan costs.

View detailed closing cost breakdowns and user reviews for lenders in Minnesota → Lender Directory

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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.