Fargo VA Loan Rates, Closing Costs & Stats

FARGO, ND-MN

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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.

    Fargo's 58 lenders originated 341 VA loans during 2024. The total origination value was $109,445,000, with an average VA loan value of $320,953.

    Fargo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Fargo averaged 0.07% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Fargo's average VA mortgage closing costs are $5,935.

    The average rate for the prior week (2025-06-13) was 6.62% and one month ago for the week of 2025-05-16, the average rate was 6.68%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.15%.

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

    Fargo 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 Fargo level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 54 6.42% $6,622
    UNITED WHOLESALE MORTGAGE, LLC 29 5.99% $7,967
    Gate City Bank 22 5.46% $10,396
    VALLEY MORTGAGE, INC. 16 5.74% $6,995
    TOWN AND COUNTRY Credit Union 14 6.00% $4,615
    Cambria Financial Group, LLC 13 6.33% $9,500
    FREEDOM MORTGAGE CORPORATION 12 6.29% $6,893
    PRIMARY RESIDENTIAL MORTGAGE, INC. 11 6.08% $9,895
    QUICKEN LOANS, LLC 10 5.78% $11,241
    Bell Bank 9 6.15% $5,721
    First International Bank & Trust 9 5.88% $8,043
    PENNYMAC LOAN SERVICES, LLC 9 5.81% $5,220
    USAA Federal Savings Bank 8 6.14% $10,863
    NEWREZ LLC 8 5.98% $3,669
    FIRST COMMUNITY CREDIT UNION 8 6.15% $8,487
    LOANDEPOT.COM, LLC 7 6.02% $9,609
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 5.95% $9,628
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 5.38% $7,702
    NAVY FEDERAL CREDIT UNION 4 5.44% $7,221
    VILLAGE CAPITAL MORTGAGE 4 5.69% $3,559
    Magnolia Bank 3 6.04% $21,358
    BAY EQUITY LLC 3 6.04% $5,012
    The Federal Savings Bank 3 6.04% $14,184
    FIRST COLONY MORTGAGE CORPORATION 3 6.21% $8,556
    MUTUAL OF OMAHA MORTGAGE, INC. 3 5.83% $11,891
    Alerus Financial 2 6.75% $14,002
    Bremer Bank 2 6.06% $7,872
    CAPITAL CREDIT UNION 2 6.25% $4,615
    GUARANTEED RATE, INC. 2 6.12% $5,930
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.62% $3,605
    U.S. Bank 2 6.69% $4,917
    Western State Bank 2 6.06% $4,672
    LADERA LENDING, INC. 1 5.75% $6,525
    Lakeview Community Capital, LLC 1 5.75% $3,347
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $4,541
    Flanagan State Bank 1 6.63% $12,837
    Flagstar Bank, FSB 1 6.25% $9,738
    First Western Bank & Trust 1 6.13% $17,980
    First Federal Bank 1 5.88% $28,866
    Equity Prime Mortgage LLC 1 5.88% $13,654
    NBKC BANK 1 6.63% $2,275
    Dacotah Bank 1 6.75% $11,881
    CROSSCOUNTRY MORTGAGE, LLC 1 5.63% $2,875
    Plains Commerce Bank 1 5.25% $15,962
    PLANET HOME LENDING, LLC 1 5.75% $6,334
    CMG MORTGAGE, INC. 1 7.13% $4,810
    Century Mortgage Company DBA Century Lending Company 1 5.99% $343
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $63,554
    Carrington Mortgage Services, LLC 1 6.13% $12,203
    BLACK HILLS FEDERAL CREDIT UNION 1 5.75% $3,539
    Bank of England 1 7.00% $3,103
    AMERISAVE MORTGAGE CORPORATION 1 6.00% $22,261
    Willamette Valley Bank 1 6.13% $13,991
    AmeriHome Mortgage Company, LLC 1 5.99% $3,258
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $29,634
    GUILD MORTGAGE COMPANY 1 6.25% $12,142
    Wells Fargo Bank 1 5.63% $10,015
    JPMorgan Chase Bank 1 6.25% $7,492

    The top Fargo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 54 VA loans originated. Their average total fees are $6,622, which is $1,344 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Fargo VA lenders (with over 10 loans originated) are TOWN AND COUNTRY Credit Union ($4,615), Mortgage Research Center, LLC ($6,622), FREEDOM MORTGAGE CORPORATION ($6,893), VALLEY MORTGAGE, INC. ($6,995) and UNITED WHOLESALE MORTGAGE, LLC ($7,967).

    The lowest rate Fargo VA lenders (with over 10 loans originated) are Gate City Bank (5.46%), VALLEY MORTGAGE, INC. (5.74%), QUICKEN LOANS, LLC (5.78%), UNITED WHOLESALE MORTGAGE, LLC (5.99%) and TOWN AND COUNTRY Credit Union (6.00%).

    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.