Dickinson VA Loan Rates, Closing Costs & Stats

Dickinson, ND

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.

Dickinson's 16 lenders originated 36 VA loans during 2023. The total origination value was $11,240,000, with an average VA loan value of $312,222.

Dickinson VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Dickinson averaged 6.79% for the week of 2024-03-22, compared to the national average (all VA variants) of 6.539% for the same period.

Dickinson's average VA mortgage closing costs are $5,279.

The average rate for the prior week (2024-03-15) was 6.4% and one month ago for the week of 2024-02-16, the average rate was 6.73%.

The average rate one year ago was 6.16%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.74%.

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

Dickinson 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 Dickinson level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 8 6.75% $4,505
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 6.60% $7,143
Dakota Community Bank & Trust 3 5.83% $5,132
BAY EQUITY LLC 2 6.75% $19,907
QUICKEN LOANS, LLC 2 6.19% $4,241
Bank of England 2 6.75% $2,642
The Federal Savings Bank 2 6.69% $13,270
UNITED WHOLESALE MORTGAGE, LLC 1 6.54% $4,895
American Bank Center 1 6.00% $4,547
U.S. Bank 1 5.63% $7,895
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $4,874
FIRST COLONY MORTGAGE CORPORATION 1 6.25% $800
Flagstar Bank, FSB 1 7.25% $8,945
Gate City Bank 1 5.50% $12,435
NAVY FEDERAL CREDIT UNION 1 6.63% $3,781
PENNYMAC LOAN SERVICES, LLC 1 5.25% $13,731

The top Dickinson VA lender as defined by loan originations is Mortgage Research Center, LLC, with 8 VA loans originated. Their average total fees are $4,505, which is $2,638 lower than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

The lowest fee Dickinson VA lenders (with over 10 loans originated) are .

The lowest rate Dickinson VA lenders (with over 10 loans originated) are .


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 $225,725 (2.6%) $245,413 (3.0%) 0.00 237
2018-02-01 $229,450 (4.1%) $250,021 (4.9%) 0.00 237
2018-03-01 $233,000 (2.0%) $253,765 (3.3%) 0.00 235
2018-04-01 $239,675 (2.0%) $260,594 (2.6%) 0.00 244
2018-05-01 $239,900 (1.4%) $268,671 (3.7%) 0.00 261
2018-06-01 $249,000 (3.8%) $273,510 (4.2%) 0.00 284
2018-07-01 $240,450 (0.4%) $269,846 (4.5%) 0.00 289
2018-08-01 $235,000 (0.6%) $269,475 (5.5%) 0.00 284
2018-09-01 $229,900 (1.3%) $261,750 (3.2%) 0.00 281
2018-10-01 $224,000 (-0.4%) $251,772 (0.8%) 0.00 278
2018-11-01 $225,000 (2.3%) $249,615 (3.3%) 0.00 261
2018-12-01 $239,999 (6.7%) $260,256 (7.6%) 0.00 241
2019-01-01 $243,750 (8.0%) $273,967 (11.6%) 0.00 204
2019-02-01 $249,000 (8.5%) $277,472 (11.0%) 0.00 188
2019-03-01 $255,643 (9.7%) $280,863 (10.7%) 0.00 168
2019-04-01 $266,750 (11.3%) $290,876 (11.6%) 0.00 158
2019-05-01 $271,225 (13.1%) $292,475 (8.9%) 0.00 181
2019-06-01 $277,450 (11.4%) $307,078 (12.3%) 0.00 191
2019-07-01 $271,950 (13.1%) $306,188 (13.5%) 0.00 196
2019-08-01 $266,273 (13.3%) $306,364 (13.7%) 0.00 197
2019-09-01 $262,182 (14.0%) $300,519 (14.8%) 0.00 193
2019-10-01 $254,500 (13.6%) $296,623 (17.8%) 0.00 187
2019-11-01 $243,250 (8.1%) $278,168 (11.4%) 0.00 177
2019-12-01 $239,900 (0.0%) $275,819 (6.0%) 0.00 166
2020-01-01 $244,000 (0.1%) $278,108 (1.5%) 0.00 146
2020-02-01 $238,000 (-4.4%) $280,510 (1.1%) 0.00 125
2020-03-01 $246,000 (-3.8%) $283,001 (0.8%) 0.00 122
2020-04-01 $244,475 (-8.4%) $282,997 (-2.7%) 0.00 148
2020-05-01 $246,400 (-9.2%) $278,273 (-4.9%) 0.00 180
2020-06-01 $246,800 (-11.1%) $286,684 (-6.6%) 0.00 180
2020-07-01 $244,925 (-9.9%) $285,048 (-6.9%) 0.00 177
2020-08-01 $245,000 (-8.0%) $290,134 (-5.3%) 0.00 184
2020-09-01 $244,950 (-6.6%) $287,581 (-4.3%) 0.00 187
2020-10-01 $244,900 (-3.8%) $277,565 (-6.4%) 0.00 185
2020-11-01 $248,450 (2.1%) $276,655 (-0.5%) 0.00 179
2020-12-01 $244,900 (2.1%) $275,608 (-0.1%) 0.00 174
2021-01-01 $242,450 (-0.6%) $273,037 (-1.8%) 0.00 161
2021-02-01 $240,000 (0.8%) $264,281 (-5.8%) 0.00 163
2021-03-01 $240,000 (-2.4%) $273,992 (-3.2%) 0.00 148
2021-04-01 $230,000 (-5.9%) $250,759 (-11.4%) 0.00 183
2021-05-01 $234,950 (-4.7%) $260,293 (-6.5%) 0.00 163
2021-06-01 $233,750 (-5.3%) $262,929 (-8.3%) 0.00 160
2021-07-01 $239,950 (-2.0%) $260,984 (-8.4%) 0.00 174
2021-08-01 $239,975 (-2.1%) $260,135 (-10.3%) 0.00 163
2021-09-01 $239,975 (-2.0%) $255,024 (-11.3%) 0.00 163
2021-10-01 $244,950 (0.0%) $251,493 (-9.4%) 0.00 162
2021-11-01 $237,500 (-4.4%) $251,992 (-8.9%) 0.00 155
2021-12-01 $214,900 (-12.3%) $236,345 (-14.3%) 0.00 137
2022-01-01 $210,000 (-13.4%) $224,834 (-17.7%) 0.00 102
2022-02-01 $218,700 (-8.9%) $233,628 (-11.6%) 0.00 103
2022-03-01 $245,000 (2.1%) $257,310 (-6.1%) 0.00 88
2022-04-01 $249,900 (8.7%) $267,382 (6.6%) 0.00 77
2022-05-01 $271,800 (15.7%) $311,748 (19.8%) 0.00 90
2022-06-01 $297,450 (27.3%) $329,674 (25.4%) 0.00 110
2022-07-01 $295,000 (22.9%) $335,111 (28.4%) 0.00 119
2022-08-01 $269,725 (12.4%) $319,281 (22.7%) 0.00 134
2022-09-01 $269,000 (12.1%) $317,881 (24.7%) 0.00 146
2022-10-01 $267,500 (9.2%) $313,770 (24.8%) 0.00 156
2022-11-01 $260,725 (9.8%) $311,503 (23.6%) 0.00 150
2022-12-01 $265,500 (23.6%) $302,323 (27.9%) 0.00 138
2023-01-01 $256,000 (21.9%) $301,068 (33.9%) 0.00 127
2023-02-01 $252,000 (15.2%) $306,859 (31.4%) 0.00 97
2023-03-01 $265,250 (8.3%) $322,498 (25.3%) 0.00 92
2023-04-01 $255,000 (2.0%) $323,277 (20.9%) 0.00 91
2023-05-01 $274,975 (1.2%) $319,552 (2.5%) 0.00 97
2023-06-01 $273,675 (-8.0%) $325,553 (-1.3%) 0.00 96
2023-07-01 $269,900 (-8.5%) $326,802 (-2.5%) 0.00 98
2023-08-01 $297,000 (10.1%) $339,007 (6.2%) 0.00 104
2023-09-01 $289,900 (7.8%) $322,546 (1.5%) 0.00 99
2023-10-01 $285,400 (6.7%) $322,318 (2.7%) 0.00 90
2023-11-01 $262,000 (0.5%) $302,710 (-2.8%) 0.00 84
2023-12-01 $259,450 (-2.3%) $301,831 (-0.2%) 0.00 81
2024-01-01 $311,175 (21.6%) $321,608 (6.8%) 0.00 71
2024-02-01 $279,000 (10.7%) $312,617 (1.9%) 0.00 63
Dickinson's median listing price for 2024-02-01 was $279,000, a difference of $27,000 (10.7%) versus the prior year and $-32,175 versus the prior month.

Dickinson's median listing price comes in at 0% of the national average.

Dickinson's average listing price for 2024-02-01 was $312,617, a difference of $5,758 (1.9%) versus the prior year and $-8,991 versus the prior month.

For the 2024-02-01 period, Dickinson had 63 MLS listings, a difference of -8 listings (-11%) versus the prior month and -34 listings (-35%) 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 2,228 sqft
2018-02-01 0 days 2,223 sqft
2018-03-01 0 days 2,202 sqft
2018-04-01 0 days 2,288 sqft
2018-05-01 0 days 2,304 sqft
2018-06-01 0 days 2,296 sqft
2018-07-01 0 days 2,254 sqft
2018-08-01 0 days 2,204 sqft
2018-09-01 0 days 2,219 sqft
2018-10-01 0 days 2,140 sqft
2018-11-01 0 days 2,126 sqft
2018-12-01 0 days 2,244 sqft
2019-01-01 0 days 2,234 sqft
2019-02-01 0 days 2,224 sqft
2019-03-01 0 days 2,232 sqft
2019-04-01 0 days 2,260 sqft
2019-05-01 0 days 2,393 sqft
2019-06-01 0 days 2,472 sqft
2019-07-01 0 days 2,449 sqft
2019-08-01 0 days 2,417 sqft
2019-09-01 0 days 2,399 sqft
2019-10-01 0 days 2,381 sqft
2019-11-01 0 days 2,352 sqft
2019-12-01 0 days 2,258 sqft
2020-01-01 0 days 2,276 sqft
2020-02-01 0 days 2,225 sqft
2020-03-01 0 days 2,237 sqft
2020-04-01 0 days 2,215 sqft
2020-05-01 0 days 2,211 sqft
2020-06-01 0 days 2,214 sqft
2020-07-01 0 days 2,176 sqft
2020-08-01 0 days 2,176 sqft
2020-09-01 0 days 2,208 sqft
2020-10-01 0 days 2,164 sqft
2020-11-01 0 days 2,145 sqft
2020-12-01 0 days 2,111 sqft
2021-01-01 0 days 2,120 sqft
2021-02-01 0 days 2,073 sqft
2021-03-01 0 days 2,082 sqft
2021-04-01 0 days 2,023 sqft
2021-05-01 0 days 2,054 sqft
2021-06-01 0 days 2,044 sqft
2021-07-01 0 days 2,080 sqft
2021-08-01 0 days 2,076 sqft
2021-09-01 0 days 2,003 sqft
2021-10-01 0 days 2,080 sqft
2021-11-01 0 days 2,093 sqft
2021-12-01 0 days 2,030 sqft
2022-01-01 0 days 1,923 sqft
2022-02-01 0 days 2,119 sqft
2022-03-01 0 days 2,198 sqft
2022-04-01 0 days 2,220 sqft
2022-05-01 0 days 2,329 sqft
2022-06-01 0 days 2,420 sqft
2022-07-01 0 days 2,469 sqft
2022-08-01 0 days 2,343 sqft
2022-09-01 0 days 2,285 sqft
2022-10-01 0 days 2,212 sqft
2022-11-01 0 days 2,168 sqft
2022-12-01 0 days 2,167 sqft
2023-01-01 0 days 2,164 sqft
2023-02-01 0 days 2,078 sqft
2023-03-01 0 days 2,080 sqft
2023-04-01 0 days 2,155 sqft
2023-05-01 0 days 2,169 sqft
2023-06-01 0 days 2,187 sqft
2023-07-01 0 days 2,204 sqft
2023-08-01 0 days 2,280 sqft
2023-09-01 0 days 2,340 sqft
2023-10-01 0 days 2,256 sqft
2023-11-01 0 days 2,046 sqft
2023-12-01 0 days 2,064 sqft
2024-01-01 0 days 2,169 sqft
2024-02-01 0 days 2,200 sqft
Dickinson's median listing age (time on market) for 2024-02-01 was 0 days.

Dickinson's median square footage for active listings during the 2024-02-01 period was 2,200 sqft. One year prior, the average listing was 2,078 sqft.

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.