Fargo VA Loan Rates, Closing Costs & Stats

FARGO, ND-MN

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 6.23% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

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

The average rate for the prior week (2025-03-28) was 6.25% and one month ago for the week of 2025-02-28, the average rate was 6.33%.

The average rate one year ago was 6.34%.

For refis of the same type during the week of 2025-04-04, the average rate was 5.81%.

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%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fargo (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 $259,875 (2.4%) $302,763 (-1.4%) 0.96 848
2018-02-01 $254,923 (-2.1%) $302,147 (-8.2%) 0.93 870
2018-03-01 $256,731 (-4.3%) $302,402 (-9.0%) 0.90 873
2018-04-01 $260,031 (-3.7%) $308,176 (-7.6%) 0.88 930
2018-05-01 $261,032 (-4.9%) $309,697 (-5.3%) 0.87 1,050
2018-06-01 $262,950 (-3.0%) $306,589 (-5.7%) 0.88 1,132
2018-07-01 $259,775 (-2.7%) $302,795 (-6.1%) 0.87 1,166
2018-08-01 $259,900 (1.9%) $302,670 (-0.6%) 0.87 1,205
2018-09-01 $254,945 (1.1%) $301,955 (0.1%) 0.86 1,232
2018-10-01 $250,336 (-0.3%) $299,035 (-0.6%) 0.85 1,216
2018-11-01 $249,900 (-1.7%) $300,510 (1.0%) 0.85 1,153
2018-12-01 $249,900 (-2.4%) $300,398 (0.9%) 0.86 1,013
2019-01-01 $249,900 (-3.8%) $302,438 (-0.1%) 0.86 892
2019-02-01 $257,791 (1.1%) $307,081 (1.6%) 0.87 913
2019-03-01 $259,437 (1.1%) $309,889 (2.5%) 0.85 984
2019-04-01 $261,160 (0.4%) $312,661 (1.5%) 0.83 1,074
2019-05-01 $263,373 (0.9%) $310,199 (0.2%) 0.82 1,227
2019-06-01 $259,900 (-1.2%) $307,044 (0.2%) 0.81 1,294
2019-07-01 $259,175 (-0.2%) $305,212 (0.8%) 0.81 1,305
2019-08-01 $252,769 (-2.7%) $299,420 (-1.1%) 0.80 1,340
2019-09-01 $249,574 (-2.1%) $294,809 (-2.4%) 0.80 1,365
2019-10-01 $246,927 (-1.4%) $290,403 (-2.9%) 0.80 1,381
2019-11-01 $245,000 (-2.0%) $288,032 (-4.2%) 0.80 1,290
2019-12-01 $242,204 (-3.1%) $288,325 (-4.0%) 0.81 1,111
2020-01-01 $239,968 (-4.0%) $290,608 (-3.9%) 0.80 952
2020-02-01 $245,000 (-5.0%) $294,584 (-4.1%) 0.80 894
2020-03-01 $249,950 (-3.7%) $295,160 (-4.8%) 0.78 923
2020-04-01 $259,900 (-0.5%) $300,872 (-3.8%) 0.81 946
2020-05-01 $264,900 (0.6%) $306,585 (-1.2%) 0.81 933
2020-06-01 $269,925 (3.9%) $316,753 (3.2%) 0.80 932
2020-07-01 $269,900 (4.1%) $317,613 (4.1%) 0.78 872
2020-08-01 $269,900 (6.8%) $324,964 (8.5%) 0.77 874
2020-09-01 $269,780 (8.1%) $319,652 (8.4%) 0.77 847
2020-10-01 $269,770 (9.3%) $315,868 (8.8%) 0.77 811
2020-11-01 $269,420 (10.0%) $310,651 (7.9%) 0.79 748
2020-12-01 $271,897 (12.3%) $310,353 (7.6%) 0.81 661
2021-01-01 $278,886 (16.2%) $323,676 (11.4%) 0.83 536
2021-02-01 $295,523 (20.6%) $343,134 (16.5%) 0.86 453
2021-03-01 $297,004 (18.8%) $339,070 (14.9%) 0.84 438
2021-04-01 $302,000 (16.2%) $347,715 (15.6%) 0.82 455
2021-05-01 $315,000 (18.9%) $358,070 (16.8%) 0.84 451
2021-06-01 $318,700 (18.1%) $359,532 (13.5%) 0.84 506
2021-07-01 $319,950 (18.5%) $357,813 (12.7%) 0.84 532
2021-08-01 $317,400 (17.6%) $358,237 (10.2%) 0.85 560
2021-09-01 $318,633 (18.1%) $348,420 (9.0%) 0.85 561
2021-10-01 $327,055 (21.2%) $350,217 (10.9%) 0.87 544
2021-11-01 $328,495 (21.9%) $351,257 (13.1%) 0.88 506
2021-12-01 $338,995 (24.7%) $361,565 (16.5%) 0.92 416
2022-01-01 $345,000 (23.7%) $360,013 (11.2%) 0.93 364
2022-02-01 $349,950 (18.4%) $385,380 (12.3%) 0.91 351
2022-03-01 $366,835 (23.5%) $429,715 (26.7%) 0.92 338
2022-04-01 $370,000 (22.5%) $426,661 (22.7%) 0.88 378
2022-05-01 $371,366 (17.9%) $418,168 (16.8%) 0.85 476
2022-06-01 $362,752 (13.8%) $409,167 (13.8%) 0.81 540
2022-07-01 $369,350 (15.4%) $419,740 (17.3%) 0.83 553
2022-08-01 $364,325 (14.8%) $419,761 (17.2%) 0.84 571
2022-09-01 $359,910 (13.0%) $409,412 (17.5%) 0.84 636
2022-10-01 $354,911 (8.5%) $403,402 (15.2%) 0.84 670
2022-11-01 $353,955 (7.8%) $404,681 (15.2%) 0.85 711
2022-12-01 $354,900 (4.7%) $398,181 (10.1%) 0.88 680
2023-01-01 $364,978 (5.8%) $412,112 (14.5%) 0.90 596
2023-02-01 $377,225 (7.8%) $425,879 (10.5%) 0.91 542
2023-03-01 $380,893 (3.8%) $434,033 (1.0%) 0.90 546
2023-04-01 $382,465 (3.4%) $441,858 (3.6%) 0.89 551
2023-05-01 $389,900 (5.0%) $449,183 (7.4%) 0.88 621
2023-06-01 $389,900 (7.5%) $449,646 (9.9%) 0.88 659
2023-07-01 $385,000 (4.2%) $441,410 (5.2%) 0.88 671
2023-08-01 $372,546 (2.3%) $433,623 (3.3%) 0.86 735
2023-09-01 $364,900 (1.4%) $409,719 (0.1%) 0.85 868
2023-10-01 $357,843 (0.8%) $403,301 (0.0%) 0.84 858
2023-11-01 $354,975 (0.3%) $403,984 (-0.2%) 0.85 861
2023-12-01 $360,350 (1.5%) $410,772 (3.2%) 0.88 734
2024-01-01 $359,900 (-1.4%) $413,610 (0.4%) 0.88 642
2024-02-01 $365,000 (-3.2%) $422,950 (-0.7%) 0.88 641
2024-03-01 $384,900 (1.1%) $435,311 (0.3%) 0.91 700
2024-04-01 $386,325 (1.0%) $439,438 (-0.6%) 0.90 729
2024-05-01 $385,610 (-1.1%) $441,786 (-1.7%) 0.88 855
2024-06-01 $399,000 (2.3%) $456,377 (1.5%) 0.91 800
2024-07-01 $399,900 (3.9%) $459,872 (4.2%) 0.91 829
2024-08-01 $396,000 (6.3%) $461,647 (6.5%) 0.92 889
2024-09-01 $385,000 (5.5%) $455,327 (11.1%) 0.91 935
2024-10-01 $378,900 (5.9%) $448,117 (11.1%) 0.89 973
2024-11-01 $374,900 (5.6%) $451,946 (11.9%) 0.90 915
2024-12-01 $371,933 (3.2%) $453,078 (10.3%) 0.92 817
2025-01-01 $372,195 (3.4%) $450,310 (8.9%) 0.93 727
2025-02-01 $376,835 (3.2%) $455,905 (7.8%) 0.91 686
2025-03-01 $385,999 (0.3%) $466,685 (7.2%) 0.00 677
Fargo's median listing price for 2025-03-01 was $385,999, a difference of $1,099 (0.3%) versus the prior year and $9,164 versus the prior month.

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

Fargo's average listing price for 2025-03-01 was $466,685, a difference of $31,374 (7.2%) versus the prior year and $10,780 versus the prior month.

For the 2025-03-01 period, Fargo had 677 MLS listings, a difference of -9 listings (-1%) versus the prior month and -23 listings (-3%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fargo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 88 days 2,339 sqft
2018-02-01 48 days 2,298 sqft
2018-03-01 53 days 2,314 sqft
2018-04-01 46 days 2,347 sqft
2018-05-01 39 days 2,390 sqft
2018-06-01 40 days 2,398 sqft
2018-07-01 49 days 2,364 sqft
2018-08-01 55 days 2,352 sqft
2018-09-01 58 days 2,340 sqft
2018-10-01 65 days 2,317 sqft
2018-11-01 73 days 2,266 sqft
2018-12-01 85 days 2,239 sqft
2019-01-01 86 days 2,215 sqft
2019-02-01 77 days 2,230 sqft
2019-03-01 60 days 2,242 sqft
2019-04-01 46 days 2,255 sqft
2019-05-01 39 days 2,256 sqft
2019-06-01 46 days 2,273 sqft
2019-07-01 57 days 2,296 sqft
2019-08-01 58 days 2,274 sqft
2019-09-01 60 days 2,255 sqft
2019-10-01 61 days 2,234 sqft
2019-11-01 69 days 2,227 sqft
2019-12-01 87 days 2,201 sqft
2020-01-01 96 days 2,201 sqft
2020-02-01 91 days 2,201 sqft
2020-03-01 65 days 2,212 sqft
2020-04-01 59 days 2,236 sqft
2020-05-01 57 days 2,274 sqft
2020-06-01 45 days 2,340 sqft
2020-07-01 46 days 2,340 sqft
2020-08-01 51 days 2,345 sqft
2020-09-01 50 days 2,340 sqft
2020-10-01 57 days 2,296 sqft
2020-11-01 67 days 2,220 sqft
2020-12-01 83 days 2,213 sqft
2021-01-01 71 days 2,236 sqft
2021-02-01 46 days 2,354 sqft
2021-03-01 47 days 2,360 sqft
2021-04-01 36 days 2,324 sqft
2021-05-01 33 days 2,341 sqft
2021-06-01 32 days 2,349 sqft
2021-07-01 38 days 2,343 sqft
2021-08-01 44 days 2,401 sqft
2021-09-01 53 days 2,383 sqft
2021-10-01 60 days 2,396 sqft
2021-11-01 62 days 2,389 sqft
2021-12-01 80 days 2,438 sqft
2022-01-01 75 days 2,417 sqft
2022-02-01 58 days 2,410 sqft
2022-03-01 56 days 2,372 sqft
2022-04-01 38 days 2,332 sqft
2022-05-01 30 days 2,359 sqft
2022-06-01 34 days 2,318 sqft
2022-07-01 44 days 2,326 sqft
2022-08-01 46 days 2,321 sqft
2022-09-01 43 days 2,258 sqft
2022-10-01 51 days 2,250 sqft
2022-11-01 58 days 2,212 sqft
2022-12-01 71 days 2,183 sqft
2023-01-01 86 days 2,185 sqft
2023-02-01 86 days 2,190 sqft
2023-03-01 62 days 2,183 sqft
2023-04-01 57 days 2,190 sqft
2023-05-01 53 days 2,241 sqft
2023-06-01 51 days 2,341 sqft
2023-07-01 53 days 2,341 sqft
2023-08-01 57 days 2,267 sqft
2023-09-01 57 days 2,266 sqft
2023-10-01 61 days 2,251 sqft
2023-11-01 60 days 2,250 sqft
2023-12-01 72 days 2,244 sqft
2024-01-01 76 days 2,201 sqft
2024-02-01 46 days 2,226 sqft
2024-03-01 51 days 2,280 sqft
2024-04-01 52 days 2,252 sqft
2024-05-01 42 days 2,246 sqft
2024-06-01 49 days 2,320 sqft
2024-07-01 52 days 2,364 sqft
2024-08-01 50 days 2,285 sqft
2024-09-01 53 days 2,283 sqft
2024-10-01 61 days 2,258 sqft
2024-11-01 68 days 2,187 sqft
2024-12-01 81 days 2,160 sqft
2025-01-01 90 days 2,119 sqft
2025-02-01 88 days 2,123 sqft
2025-03-01 0 days 2,160 sqft
Fargo's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Fargo's median square footage for active listings during the 2025-03-01 period was 2,160 sqft. One year prior, the average listing was 2,280 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.