Bismarck VA Loan Rates, Closing Costs & Stats

BISMARCK, ND

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Bismarck's 32 lenders originated 173 VA loans during 2024. The total origination value was $63,765,000, with an average VA loan value of $368,584.

    Bismarck VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bismarck averaged -0.04% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Bismarck's average VA mortgage closing costs are $6,719.

    The average rate for the prior week (2025-06-13) was 6.61% and one month ago for the week of 2025-05-16, the average rate was 6.27%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.27%.

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

    Bismarck VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bismarck level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 21 6.24% $5,398
    Gate City Bank 21 5.64% $10,738
    UNITED WHOLESALE MORTGAGE, LLC 17 6.12% $4,642
    FREEDOM MORTGAGE CORPORATION 10 6.42% $10,534
    Dakota Community Bank & Trust 9 5.66% $7,931
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 5.73% $6,602
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 5.71% $5,372
    Flagstar Bank, FSB 8 6.06% $4,022
    GUARANTEED RATE, INC. 8 5.90% $5,879
    First International Bank & Trust 5 6.33% $10,835
    QUICKEN LOANS, LLC 4 6.22% $16,678
    NEWREZ LLC 4 5.72% $6,880
    Bremer Bank 3 5.73% $9,943
    USAA Federal Savings Bank 3 6.21% $6,253
    LOANDEPOT.COM, LLC 3 5.58% $18,619
    Bank of England 3 6.92% $11,152
    FIRST COMMUNITY CREDIT UNION 3 5.86% $10,330
    The Huntington National Bank 2 6.20% $7,253
    PENNYMAC LOAN SERVICES, LLC 2 5.38% $5,672
    CAPITAL CREDIT UNION 2 6.25% $9,928
    NAVY FEDERAL CREDIT UNION 2 6.00% $8,032
    Century Mortgage Company DBA Century Lending Company 1 5.25% $8,363
    First Federal Bank 1 6.25% $13,296
    First Western Bank & Trust 1 5.99% $16,058
    Magnolia Bank 1 4.75% $17,959
    Barrington Bank & Trust Company, N.A. 1 6.25% $2,480
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $9,846
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $6,140
    Presidential Bank, FSB 1 6.75% $12,767
    SUN WEST MORTGAGE COMPANY, INC. 1 6.38% $21,227
    The Federal Savings Bank 1 6.63% $17,083
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $8,033

    The top Bismarck VA lender as defined by loan originations is Mortgage Research Center, LLC, with 21 VA loans originated. Their average total fees are $5,398, which is $5,341 lower than the next largest lender, Gate City Bank.

    The lowest fee Bismarck VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($4,642), Mortgage Research Center, LLC ($5,398), FREEDOM MORTGAGE CORPORATION ($10,534), Gate City Bank ($10,738) and .

    The lowest rate Bismarck VA lenders (with over 10 loans originated) are Gate City Bank (5.64%), UNITED WHOLESALE MORTGAGE, LLC (6.12%), Mortgage Research Center, LLC (6.24%), FREEDOM MORTGAGE CORPORATION (6.42%) and .

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.