Dickinson FHA Loan Rates, Closing Costs & Stats
Dickinson, ND
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Dickinson's 21 lenders originated 125 FHA loans during 2023. The total origination value was $32,005,000, with an average FHA loan value of $256,040.
Dickinson FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Dickinson
averaged
6.26%
for the week of 2025-02-14, compared to the national average (all FHA variants) of
6.515% for the same period.
Dickinson's average FHA mortgage closing costs are $7,781.
The average rate for the prior week (2025-02-07) was
6.17% and
one month ago for the week of 2025-01-10, the
average rate was 6.33%.
The average rate one year ago was 6.16%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.32%.
Dickinson FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Dickinson level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 22 | 6.55% | $10,310 |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | 21 | 6.83% | $6,222 |
Bank of England | 18 | 6.71% | $10,652 |
Dakota Community Bank & Trust | 13 | 6.16% | $8,402 |
American Bank Center | 6 | 6.47% | $9,484 |
GUILD MORTGAGE COMPANY | 6 | 7.06% | $12,055 |
QUICKEN LOANS, LLC | 5 | 6.62% | $9,925 |
WESTERN COOPERATIVE CREDIT UNION | 5 | 6.55% | $12,074 |
FIRST COLONY MORTGAGE CORPORATION | 4 | 6.53% | $9,054 |
Gate City Bank | 4 | 6.23% | $7,702 |
Unify Home Lending Inc. | 4 | 7.18% | $6,200 |
U.S. Bank | 3 | 6.25% | $6,630 |
OPEN MORTGAGE, LLC | 2 | 6.19% | $13,943 |
SUN WEST MORTGAGE COMPANY, INC. | 2 | 6.19% | $9,105 |
AMERISAVE MORTGAGE CORPORATION | 1 | 5.75% | $7,533 |
Flagstar Bank, FSB | 1 | 5.00% | $8,087 |
NEWREZ LLC | 1 | 6.13% | $8,756 |
Plains Commerce Bank | 1 | 8.38% | $10,550 |
PLANET HOME LENDING, LLC | 1 | 5.50% | $7,896 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.63% | $9,959 |
AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 5.88% | $14,040 |
The top Dickinson FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
22 FHA loans originated. Their average total fees are
$10,310, which is $4,088
higher than the next largest lender,
ARK-LA-TEX FINANCIAL SERVICES, LLC..
The lowest fee Dickinson FHA lenders (with over 10 loans originated) are
ARK-LA-TEX FINANCIAL SERVICES, LLC. ($6,222), Dakota Community Bank & Trust ($8,402), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($10,310), Bank of England ($10,652) and .
The lowest rate Dickinson FHA lenders (with over 10 loans originated) are
Dakota Community Bank & Trust (6.16%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.55%), Bank of England (6.71%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.83%) and .
Dickinson FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
DICKINSON, ND | BILLINGS | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
DICKINSON, ND | STARK | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
DICKINSON, ND | BILLINGS | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
DICKINSON, ND | STARK | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Dickinson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $227,175 (1.2%) | $242,438 (2.0%) | 0.00 | 264 |
2018-02-01 | $229,225 (2.1%) | $244,742 (3.5%) | 0.00 | 264 |
2018-03-01 | $234,000 (2.2%) | $249,278 (3.1%) | 0.00 | 260 |
2018-04-01 | $239,900 (2.1%) | $255,634 (2.9%) | 0.00 | 269 |
2018-05-01 | $239,900 (2.3%) | $267,047 (5.9%) | 0.00 | 290 |
2018-06-01 | $249,000 (3.9%) | $272,538 (6.1%) | 0.00 | 310 |
2018-07-01 | $242,950 (2.5%) | $269,191 (6.5%) | 0.00 | 313 |
2018-08-01 | $235,000 (2.2%) | $267,952 (6.9%) | 0.00 | 312 |
2018-09-01 | $229,000 (1.8%) | $258,706 (3.3%) | 0.00 | 308 |
2018-10-01 | $222,500 (-1.1%) | $249,554 (1.5%) | 0.00 | 304 |
2018-11-01 | $225,000 (0.0%) | $245,627 (1.9%) | 0.00 | 287 |
2018-12-01 | $239,900 (6.6%) | $254,998 (5.9%) | 0.00 | 267 |
2019-01-01 | $241,000 (6.1%) | $267,186 (10.2%) | 0.00 | 228 |
2019-02-01 | $249,000 (8.6%) | $270,469 (10.5%) | 0.00 | 209 |
2019-03-01 | $257,100 (9.9%) | $274,845 (10.3%) | 0.00 | 189 |
2019-04-01 | $267,900 (11.7%) | $284,129 (11.2%) | 0.00 | 179 |
2019-05-01 | $268,400 (11.9%) | $285,911 (7.1%) | 0.00 | 203 |
2019-06-01 | $272,400 (9.4%) | $299,479 (9.9%) | 0.00 | 214 |
2019-07-01 | $268,900 (10.7%) | $299,964 (11.4%) | 0.00 | 215 |
2019-08-01 | $265,718 (13.1%) | $301,087 (12.4%) | 0.00 | 216 |
2019-09-01 | $262,445 (14.6%) | $295,490 (14.2%) | 0.00 | 212 |
2019-10-01 | $259,675 (16.7%) | $291,760 (16.9%) | 0.00 | 207 |
2019-11-01 | $247,000 (9.8%) | $279,016 (13.6%) | 0.00 | 199 |
2019-12-01 | $245,000 (2.1%) | $276,715 (8.5%) | 0.00 | 187 |
2020-01-01 | $259,900 (7.8%) | $280,728 (5.1%) | 0.00 | 163 |
2020-02-01 | $244,000 (-2.0%) | $284,971 (5.4%) | 0.00 | 141 |
2020-03-01 | $258,000 (0.4%) | $287,245 (4.5%) | 0.00 | 137 |
2020-04-01 | $253,450 (-5.4%) | $286,282 (0.8%) | 0.00 | 163 |
2020-05-01 | $255,000 (-5.0%) | $280,252 (-2.0%) | 0.00 | 198 |
2020-06-01 | $259,900 (-4.6%) | $288,431 (-3.7%) | 0.00 | 195 |
2020-07-01 | $258,225 (-4.0%) | $287,678 (-4.1%) | 0.00 | 194 |
2020-08-01 | $258,500 (-2.7%) | $290,287 (-3.6%) | 0.00 | 201 |
2020-09-01 | $254,200 (-3.1%) | $287,347 (-2.8%) | 0.00 | 205 |
2020-10-01 | $250,950 (-3.4%) | $275,961 (-5.4%) | 0.00 | 205 |
2020-11-01 | $249,900 (1.2%) | $271,608 (-2.7%) | 0.00 | 199 |
2020-12-01 | $245,675 (0.3%) | $272,579 (-1.5%) | 0.00 | 192 |
2021-01-01 | $244,900 (-5.8%) | $269,174 (-4.1%) | 0.00 | 183 |
2021-02-01 | $240,000 (-1.6%) | $261,720 (-8.2%) | 0.00 | 185 |
2021-03-01 | $242,225 (-6.1%) | $270,690 (-5.8%) | 0.00 | 170 |
2021-04-01 | $235,000 (-7.3%) | $250,446 (-12.5%) | 0.00 | 202 |
2021-05-01 | $235,000 (-7.8%) | $259,829 (-7.3%) | 0.00 | 181 |
2021-06-01 | $238,675 (-8.2%) | $261,606 (-9.3%) | 0.00 | 179 |
2021-07-01 | $241,000 (-6.7%) | $260,657 (-9.4%) | 0.00 | 193 |
2021-08-01 | $242,000 (-6.4%) | $259,905 (-10.5%) | 0.00 | 183 |
2021-09-01 | $243,675 (-4.1%) | $252,286 (-12.2%) | 0.00 | 183 |
2021-10-01 | $249,900 (-0.4%) | $250,279 (-9.3%) | 0.00 | 181 |
2021-11-01 | $244,900 (-2.0%) | $251,842 (-7.3%) | 0.00 | 171 |
2021-12-01 | $224,900 (-8.5%) | $236,534 (-13.2%) | 0.00 | 151 |
2022-01-01 | $209,950 (-14.3%) | $223,208 (-17.1%) | 0.00 | 103 |
2022-02-01 | $214,950 (-10.4%) | $234,025 (-10.6%) | 0.00 | 105 |
2022-03-01 | $245,000 (1.2%) | $262,085 (-3.2%) | 0.00 | 93 |
2022-04-01 | $249,900 (6.3%) | $277,399 (10.8%) | 0.00 | 81 |
2022-05-01 | $269,900 (14.9%) | $311,313 (19.8%) | 0.00 | 98 |
2022-06-01 | $297,000 (24.4%) | $327,942 (25.4%) | 0.00 | 119 |
2022-07-01 | $295,000 (22.4%) | $333,746 (28.0%) | 0.00 | 127 |
2022-08-01 | $268,475 (10.9%) | $314,144 (20.9%) | 0.00 | 142 |
2022-09-01 | $267,125 (9.6%) | $314,613 (24.7%) | 0.00 | 153 |
2022-10-01 | $265,000 (6.0%) | $311,525 (24.5%) | 0.00 | 163 |
2022-11-01 | $255,200 (4.2%) | $301,919 (19.9%) | 0.00 | 160 |
2022-12-01 | $254,950 (13.4%) | $293,270 (24.0%) | 0.00 | 147 |
2023-01-01 | $251,750 (19.9%) | $297,593 (33.3%) | 0.00 | 137 |
2023-02-01 | $252,000 (17.2%) | $304,954 (30.3%) | 0.00 | 105 |
2023-03-01 | $263,725 (7.6%) | $322,602 (23.1%) | 0.00 | 97 |
2023-04-01 | $257,450 (3.0%) | $322,885 (16.4%) | 0.00 | 96 |
2023-05-01 | $285,000 (5.6%) | $321,842 (3.4%) | 0.00 | 106 |
2023-06-01 | $280,000 (-5.7%) | $327,524 (-0.1%) | 0.00 | 108 |
2023-07-01 | $284,950 (-3.4%) | $336,927 (1.0%) | 0.00 | 112 |
2023-08-01 | $299,000 (11.4%) | $347,260 (10.5%) | 0.00 | 116 |
2023-09-01 | $290,000 (8.6%) | $338,493 (7.6%) | 0.00 | 112 |
2023-10-01 | $289,975 (9.4%) | $340,212 (9.2%) | 0.00 | 103 |
2023-11-01 | $263,450 (3.2%) | $316,942 (5.0%) | 0.00 | 96 |
2023-12-01 | $267,000 (4.7%) | $322,204 (9.9%) | 0.00 | 89 |
2024-01-01 | $304,725 (21.0%) | $342,589 (15.1%) | 0.00 | 79 |
2024-02-01 | $272,450 (8.1%) | $306,293 (0.4%) | 0.00 | 70 |
2024-03-01 | $299,000 (13.4%) | $341,331 (5.8%) | 0.00 | 62 |
2024-04-01 | $341,000 (32.5%) | $377,778 (17.0%) | 0.00 | 64 |
2024-05-01 | $379,000 (33.0%) | $419,058 (30.2%) | 0.00 | 67 |
2024-06-01 | $382,000 (36.4%) | $423,680 (29.4%) | 0.00 | 78 |
2024-07-01 | $373,450 (31.1%) | $419,824 (24.6%) | 0.00 | 85 |
2024-08-01 | $325,000 (8.7%) | $374,574 (7.9%) | 0.00 | 88 |
2024-09-01 | $318,000 (9.7%) | $346,701 (2.4%) | 0.00 | 93 |
2024-10-01 | $299,475 (3.3%) | $362,868 (6.7%) | 0.00 | 96 |
2024-11-01 | $324,900 (23.3%) | $411,960 (30.0%) | 0.00 | 98 |
2024-12-01 | $312,450 (17.0%) | $414,264 (28.6%) | 0.00 | 94 |
2025-01-01 | $288,050 (-5.5%) | $409,151 (19.4%) | 0.00 | 90 |
Dickinson's median listing price comes in at 0% of the national average.
Dickinson's average listing price for 2025-01-01 was $409,151, a difference of $66,562 (19.4%) versus the prior year and $-5,113 versus the prior month.
For the 2025-01-01 period, Dickinson had 90 MLS listings, a difference of -4 listings (-4%) versus the prior month and 11 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Dickinson (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,140 sqft |
2018-02-01 | 0 days | 2,136 sqft |
2018-03-01 | 0 days | 2,118 sqft |
2018-04-01 | 0 days | 2,160 sqft |
2018-05-01 | 0 days | 2,170 sqft |
2018-06-01 | 0 days | 2,200 sqft |
2018-07-01 | 0 days | 2,190 sqft |
2018-08-01 | 0 days | 2,123 sqft |
2018-09-01 | 0 days | 2,120 sqft |
2018-10-01 | 0 days | 2,066 sqft |
2018-11-01 | 0 days | 2,049 sqft |
2018-12-01 | 0 days | 2,136 sqft |
2019-01-01 | 0 days | 2,154 sqft |
2019-02-01 | 0 days | 2,138 sqft |
2019-03-01 | 0 days | 2,128 sqft |
2019-04-01 | 0 days | 2,159 sqft |
2019-05-01 | 0 days | 2,315 sqft |
2019-06-01 | 0 days | 2,385 sqft |
2019-07-01 | 0 days | 2,375 sqft |
2019-08-01 | 0 days | 2,316 sqft |
2019-09-01 | 0 days | 2,278 sqft |
2019-10-01 | 0 days | 2,251 sqft |
2019-11-01 | 0 days | 2,225 sqft |
2019-12-01 | 0 days | 2,166 sqft |
2020-01-01 | 0 days | 2,219 sqft |
2020-02-01 | 0 days | 2,142 sqft |
2020-03-01 | 0 days | 2,176 sqft |
2020-04-01 | 0 days | 2,135 sqft |
2020-05-01 | 0 days | 2,176 sqft |
2020-06-01 | 0 days | 2,168 sqft |
2020-07-01 | 0 days | 2,115 sqft |
2020-08-01 | 0 days | 2,112 sqft |
2020-09-01 | 0 days | 2,146 sqft |
2020-10-01 | 0 days | 2,084 sqft |
2020-11-01 | 0 days | 2,080 sqft |
2020-12-01 | 0 days | 2,056 sqft |
2021-01-01 | 0 days | 2,040 sqft |
2021-02-01 | 0 days | 2,018 sqft |
2021-03-01 | 0 days | 2,029 sqft |
2021-04-01 | 0 days | 1,964 sqft |
2021-05-01 | 0 days | 1,987 sqft |
2021-06-01 | 0 days | 1,950 sqft |
2021-07-01 | 0 days | 2,016 sqft |
2021-08-01 | 0 days | 1,950 sqft |
2021-09-01 | 0 days | 1,950 sqft |
2021-10-01 | 0 days | 1,957 sqft |
2021-11-01 | 0 days | 1,983 sqft |
2021-12-01 | 0 days | 1,950 sqft |
2022-01-01 | 0 days | 1,908 sqft |
2022-02-01 | 0 days | 2,112 sqft |
2022-03-01 | 0 days | 2,198 sqft |
2022-04-01 | 0 days | 2,218 sqft |
2022-05-01 | 0 days | 2,276 sqft |
2022-06-01 | 0 days | 2,399 sqft |
2022-07-01 | 0 days | 2,458 sqft |
2022-08-01 | 0 days | 2,321 sqft |
2022-09-01 | 0 days | 2,271 sqft |
2022-10-01 | 0 days | 2,204 sqft |
2022-11-01 | 0 days | 2,166 sqft |
2022-12-01 | 0 days | 2,161 sqft |
2023-01-01 | 0 days | 2,160 sqft |
2023-02-01 | 0 days | 2,080 sqft |
2023-03-01 | 0 days | 2,104 sqft |
2023-04-01 | 0 days | 2,157 sqft |
2023-05-01 | 0 days | 2,170 sqft |
2023-06-01 | 0 days | 2,208 sqft |
2023-07-01 | 0 days | 2,181 sqft |
2023-08-01 | 0 days | 2,252 sqft |
2023-09-01 | 0 days | 2,307 sqft |
2023-10-01 | 0 days | 2,256 sqft |
2023-11-01 | 0 days | 2,022 sqft |
2023-12-01 | 0 days | 2,016 sqft |
2024-01-01 | 0 days | 2,149 sqft |
2024-02-01 | 0 days | 2,135 sqft |
2024-03-01 | 0 days | 2,248 sqft |
2024-04-01 | 0 days | 2,197 sqft |
2024-05-01 | 0 days | 2,298 sqft |
2024-06-01 | 0 days | 2,296 sqft |
2024-07-01 | 0 days | 2,338 sqft |
2024-08-01 | 0 days | 2,150 sqft |
2024-09-01 | 0 days | 2,118 sqft |
2024-10-01 | 0 days | 2,016 sqft |
2024-11-01 | 0 days | 2,237 sqft |
2024-12-01 | 0 days | 2,139 sqft |
2025-01-01 | 0 days | 2,235 sqft |
Dickinson's median square footage for active listings during the 2025-01-01 period was 2,235 sqft. One year prior, the average listing was 2,149 sqft.