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%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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. Louis
Date 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 for 2025-01-01 was $288,050, a difference of $-16,675 (-5.5%) versus the prior year and $-24,400 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2025-01-01 was 0 days.

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.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).