Grand Forks VA Loan Rates, Closing Costs & Stats

GRAND FORKS, 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.

    Grand Forks's 25 lenders originated 171 VA loans during 2024. The total origination value was $49,735,000, with an average VA loan value of $290,848.

    Grand Forks VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Grand Forks averaged 0.06% for the week of 2025-05-30, compared to the national average (all VA variants) of 0% for the same period.

    Grand Forks's average VA mortgage closing costs are $5,957.

    The average rate for the prior week (2025-05-23) was 6.77% and one month ago for the week of 2025-04-25, the average rate was 6.78%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2025-05-30, the average rate was 0.5%.

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

    Grand Forks 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 Grand Forks level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 49 6.11% $8,002
    Mortgage Research Center, LLC 27 6.28% $5,475
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 18 5.99% $7,937
    Barrington Bank & Trust Company, N.A. 10 5.71% $7,092
    USAA Federal Savings Bank 9 6.42% $5,057
    QUICKEN LOANS, LLC 6 6.33% $12,131
    FREEDOM MORTGAGE CORPORATION 6 6.37% $9,659
    NAVY FEDERAL CREDIT UNION 5 5.83% $6,770
    PENNYMAC LOAN SERVICES, LLC 3 5.63% $9,663
    Nations Lending Corporation 3 5.92% $6,612
    LAKEVIEW LOAN SERVICING, LLC 3 5.66% $7,883
    LOANDEPOT.COM, LLC 2 5.06% $3,557
    FIRST COMMUNITY CREDIT UNION 2 5.40% $5,257
    First International Bank & Trust 2 5.94% $12,336
    NBKC BANK 2 5.75% $10,804
    Service Federal Credit Union 2 5.81% $5,070
    Gate City Bank 1 5.25% $5,863
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $4,939
    NEWREZ LLC 1 6.25% $6,148
    Old National Bank 1 6.00% $12,378
    Flagstar Bank, FSB 1 6.25% $10,787
    Farmers Bank & Trust 1 6.25% $6,650
    Bremer Bank 1 5.95% $1,626
    Mr. Cooper ( Nationstar Mortgage ) 1 2.88% $969
    AmeriHome Mortgage Company, LLC 1 6.13% $3,640

    The top Grand Forks VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 49 VA loans originated. Their average total fees are $8,002, which is $2,527 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Grand Forks VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,475), Barrington Bank & Trust Company, N.A. ($7,092), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($7,937), UNITED WHOLESALE MORTGAGE, LLC ($8,002) and .

    The lowest rate Grand Forks VA lenders (with over 10 loans originated) are Barrington Bank & Trust Company, N.A. (5.71%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (5.99%), UNITED WHOLESALE MORTGAGE, LLC (6.11%), Mortgage Research Center, LLC (6.28%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Grand Forks (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 $237,350 (5.5%) $273,776 (5.2%) 0.00 368
    2018-02-01 $236,950 (5.4%) $272,224 (4.1%) 0.00 370
    2018-03-01 $249,500 (10.9%) $274,911 (3.7%) 0.00 388
    2018-04-01 $250,950 (9.2%) $282,320 (6.1%) 0.00 401
    2018-05-01 $259,675 (7.1%) $287,426 (5.6%) 0.00 428
    2018-06-01 $254,000 (5.6%) $280,172 (1.6%) 0.00 493
    2018-07-01 $245,000 (6.6%) $278,141 (2.1%) 0.00 507
    2018-08-01 $238,269 (3.8%) $272,520 (1.5%) 0.00 516
    2018-09-01 $225,000 (-4.2%) $264,301 (-3.3%) 0.00 517
    2018-10-01 $219,900 (-5.4%) $258,438 (-5.0%) 0.00 501
    2018-11-01 $219,900 (-6.4%) $257,171 (-5.2%) 0.00 481
    2018-12-01 $219,900 (-8.3%) $253,796 (-7.5%) 0.00 460
    2019-01-01 $211,500 (-10.9%) $245,148 (-10.5%) 0.00 413
    2019-02-01 $208,250 (-12.1%) $242,389 (-11.0%) 0.00 413
    2019-03-01 $216,657 (-13.2%) $246,456 (-10.4%) 0.00 439
    2019-04-01 $219,000 (-12.7%) $250,298 (-11.3%) 0.00 458
    2019-05-01 $217,650 (-16.2%) $251,230 (-12.6%) 0.00 480
    2019-06-01 $220,000 (-13.4%) $253,126 (-9.7%) 0.00 498
    2019-07-01 $215,450 (-12.1%) $244,430 (-12.1%) 0.00 482
    2019-08-01 $212,077 (-11.0%) $245,257 (-10.0%) 0.00 480
    2019-09-01 $213,693 (-5.0%) $247,055 (-6.5%) 0.00 484
    2019-10-01 $212,270 (-3.5%) $246,206 (-4.7%) 0.00 480
    2019-11-01 $206,750 (-6.0%) $240,716 (-6.4%) 0.00 468
    2019-12-01 $209,900 (-4.6%) $242,280 (-4.5%) 0.00 429
    2020-01-01 $211,900 (0.2%) $242,495 (-1.1%) 0.00 389
    2020-02-01 $209,000 (0.4%) $241,432 (-0.4%) 0.00 376
    2020-03-01 $219,175 (1.2%) $247,314 (0.4%) 0.00 368
    2020-04-01 $227,450 (3.9%) $254,007 (1.5%) 0.00 367
    2020-05-01 $234,900 (7.9%) $255,691 (1.8%) 0.00 359
    2020-06-01 $235,900 (7.2%) $263,201 (4.0%) 0.00 369
    2020-07-01 $230,950 (7.2%) $256,386 (4.9%) 0.00 378
    2020-08-01 $229,900 (8.4%) $256,582 (4.6%) 0.00 356
    2020-09-01 $229,375 (7.3%) $253,925 (2.8%) 0.00 342
    2020-10-01 $216,750 (2.1%) $249,396 (1.3%) 0.00 324
    2020-11-01 $199,900 (-3.3%) $239,769 (-0.4%) 0.00 308
    2020-12-01 $199,900 (-4.8%) $241,218 (-0.4%) 0.00 285
    2021-01-01 $199,500 (-5.9%) $236,943 (-2.3%) 0.00 247
    2021-02-01 $209,000 (0.0%) $262,683 (8.8%) 0.00 227
    2021-03-01 $224,250 (2.3%) $264,946 (7.1%) 0.00 215
    2021-04-01 $237,450 (4.4%) $282,391 (11.2%) 0.00 204
    2021-05-01 $249,900 (6.4%) $292,988 (14.6%) 0.00 180
    2021-06-01 $267,450 (13.4%) $302,910 (15.1%) 0.00 205
    2021-07-01 $249,900 (8.2%) $296,075 (15.5%) 0.00 204
    2021-08-01 $264,390 (15.0%) $289,628 (12.9%) 0.00 218
    2021-09-01 $276,985 (20.8%) $303,573 (19.6%) 0.00 230
    2021-10-01 $274,500 (26.6%) $300,440 (20.5%) 0.00 224
    2021-11-01 $285,000 (42.6%) $308,502 (28.7%) 0.00 215
    2021-12-01 $294,212 (47.2%) $315,129 (30.6%) 0.00 178
    2022-01-01 $297,425 (49.1%) $310,137 (30.9%) 0.00 163
    2022-02-01 $301,325 (44.2%) $305,529 (16.3%) 0.00 150
    2022-03-01 $320,003 (42.7%) $319,126 (20.5%) 0.00 146
    2022-04-01 $320,053 (34.8%) $321,326 (13.8%) 0.00 149
    2022-05-01 $309,900 (24.0%) $331,457 (13.1%) 0.00 167
    2022-06-01 $282,450 (5.6%) $317,670 (4.9%) 0.00 207
    2022-07-01 $269,900 (8.0%) $317,945 (7.4%) 0.00 251
    2022-08-01 $252,450 (-4.5%) $311,079 (7.4%) 0.00 249
    2022-09-01 $249,675 (-9.9%) $309,141 (1.8%) 0.00 235
    2022-10-01 $249,500 (-9.1%) $293,925 (-2.2%) 0.00 233
    2022-11-01 $259,900 (-8.8%) $295,066 (-4.4%) 0.00 238
    2022-12-01 $259,950 (-11.7%) $298,041 (-5.4%) 0.00 209
    2023-01-01 $260,000 (-12.6%) $301,392 (-2.8%) 0.00 198
    2023-02-01 $284,450 (-5.6%) $311,668 (2.0%) 0.00 166
    2023-03-01 $315,800 (-1.3%) $333,159 (4.4%) 0.00 166
    2023-04-01 $299,900 (-6.3%) $330,431 (2.8%) 0.00 166
    2023-05-01 $321,008 (3.6%) $368,123 (11.1%) 0.00 176
    2023-06-01 $314,925 (11.5%) $353,924 (11.4%) 0.00 207
    2023-07-01 $325,000 (20.4%) $361,802 (13.8%) 0.00 233
    2023-08-01 $318,675 (26.2%) $357,730 (15.0%) 0.00 238
    2023-09-01 $299,900 (20.1%) $351,138 (13.6%) 0.00 257
    2023-10-01 $308,125 (23.5%) $343,867 (17.0%) 0.00 264
    2023-11-01 $310,000 (19.3%) $343,690 (16.5%) 0.00 252
    2023-12-01 $310,000 (19.3%) $343,364 (15.2%) 0.00 236
    2024-01-01 $316,250 (21.6%) $345,893 (14.8%) 0.00 214
    2024-02-01 $324,250 (14.0%) $347,917 (11.6%) 0.00 199
    2024-03-01 $330,950 (4.8%) $356,950 (7.1%) 0.00 189
    2024-04-01 $340,044 (13.4%) $373,944 (13.2%) 0.00 213
    2024-05-01 $338,725 (5.5%) $373,389 (1.4%) 0.00 230
    2024-06-01 $344,950 (9.5%) $385,053 (8.8%) 0.00 242
    2024-07-01 $329,000 (1.2%) $384,289 (6.2%) 0.00 253
    2024-08-01 $336,450 (5.6%) $379,163 (6.0%) 0.00 254
    2024-09-01 $329,450 (9.9%) $369,146 (5.1%) 0.00 254
    2024-10-01 $319,650 (3.7%) $369,877 (7.6%) 0.00 253
    2024-11-01 $300,000 (-3.2%) $359,057 (4.5%) 0.00 229
    2024-12-01 $293,000 (-5.5%) $361,530 (5.3%) 0.00 206
    2025-01-01 $283,725 (-10.3%) $343,989 (-0.6%) 0.00 178
    2025-02-01 $287,225 (-11.4%) $351,998 (1.2%) 0.00 164
    2025-03-01 $329,450 (-0.5%) $373,844 (4.7%) 0.00 160
    2025-04-01 $338,410 (-0.5%) $379,213 (1.4%) 0.00 175
    Grand Forks's median listing price for 2025-04-01 was $338,410, a difference of $-1,634 (-0.5%) versus the prior year and $8,960 versus the prior month.

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

    Grand Forks's average listing price for 2025-04-01 was $379,213, a difference of $5,269 (1.4%) versus the prior year and $5,369 versus the prior month.

    For the 2025-04-01 period, Grand Forks had 175 MLS listings, a difference of 15 listings (9%) versus the prior month and -38 listings (-18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Grand Forks (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,214 sqft
    2018-02-01 0 days 2,223 sqft
    2018-03-01 0 days 2,268 sqft
    2018-04-01 0 days 2,320 sqft
    2018-05-01 0 days 2,340 sqft
    2018-06-01 0 days 2,336 sqft
    2018-07-01 0 days 2,314 sqft
    2018-08-01 0 days 2,300 sqft
    2018-09-01 0 days 2,262 sqft
    2018-10-01 0 days 2,258 sqft
    2018-11-01 0 days 2,233 sqft
    2018-12-01 0 days 2,180 sqft
    2019-01-01 0 days 2,173 sqft
    2019-02-01 0 days 2,114 sqft
    2019-03-01 0 days 2,114 sqft
    2019-04-01 0 days 2,114 sqft
    2019-05-01 0 days 2,120 sqft
    2019-06-01 0 days 2,144 sqft
    2019-07-01 0 days 2,102 sqft
    2019-08-01 0 days 2,105 sqft
    2019-09-01 0 days 2,109 sqft
    2019-10-01 0 days 2,112 sqft
    2019-11-01 0 days 2,108 sqft
    2019-12-01 0 days 2,088 sqft
    2020-01-01 0 days 2,075 sqft
    2020-02-01 0 days 2,031 sqft
    2020-03-01 0 days 2,087 sqft
    2020-04-01 0 days 2,112 sqft
    2020-05-01 0 days 2,112 sqft
    2020-06-01 0 days 2,154 sqft
    2020-07-01 0 days 2,156 sqft
    2020-08-01 0 days 2,160 sqft
    2020-09-01 0 days 2,182 sqft
    2020-10-01 0 days 2,184 sqft
    2020-11-01 0 days 2,180 sqft
    2020-12-01 0 days 2,181 sqft
    2021-01-01 0 days 2,120 sqft
    2021-02-01 0 days 2,183 sqft
    2021-03-01 0 days 2,183 sqft
    2021-04-01 0 days 2,183 sqft
    2021-05-01 0 days 2,184 sqft
    2021-06-01 0 days 2,200 sqft
    2021-07-01 0 days 2,160 sqft
    2021-08-01 0 days 2,176 sqft
    2021-09-01 0 days 2,171 sqft
    2021-10-01 0 days 2,042 sqft
    2021-11-01 0 days 2,042 sqft
    2021-12-01 0 days 2,042 sqft
    2022-01-01 0 days 2,042 sqft
    2022-02-01 0 days 2,042 sqft
    2022-03-01 0 days 2,042 sqft
    2022-04-01 0 days 2,042 sqft
    2022-05-01 0 days 2,042 sqft
    2022-06-01 0 days 2,042 sqft
    2022-07-01 0 days 2,042 sqft
    2022-08-01 0 days 2,042 sqft
    2022-09-01 0 days 2,042 sqft
    2022-10-01 0 days 2,042 sqft
    2022-11-01 0 days 2,106 sqft
    2022-12-01 0 days 2,114 sqft
    2023-01-01 0 days 2,074 sqft
    2023-02-01 0 days 2,098 sqft
    2023-03-01 0 days 2,125 sqft
    2023-04-01 0 days 2,168 sqft
    2023-05-01 0 days 2,183 sqft
    2023-06-01 0 days 2,267 sqft
    2023-07-01 0 days 2,311 sqft
    2023-08-01 0 days 2,216 sqft
    2023-09-01 0 days 2,184 sqft
    2023-10-01 0 days 2,135 sqft
    2023-11-01 0 days 2,174 sqft
    2023-12-01 0 days 2,178 sqft
    2024-01-01 0 days 2,130 sqft
    2024-02-01 0 days 2,111 sqft
    2024-03-01 0 days 2,194 sqft
    2024-04-01 0 days 2,165 sqft
    2024-05-01 0 days 2,153 sqft
    2024-06-01 0 days 2,250 sqft
    2024-07-01 0 days 2,275 sqft
    2024-08-01 0 days 2,223 sqft
    2024-09-01 0 days 2,206 sqft
    2024-10-01 0 days 2,282 sqft
    2024-11-01 0 days 2,229 sqft
    2024-12-01 0 days 2,184 sqft
    2025-01-01 0 days 2,119 sqft
    2025-02-01 0 days 2,136 sqft
    2025-03-01 0 days 2,146 sqft
    2025-04-01 0 days 2,179 sqft
    Grand Forks's median listing age (time on market) for 2025-04-01 was 0 days.

    Grand Forks's median square footage for active listings during the 2025-04-01 period was 2,179 sqft. One year prior, the average listing was 2,165 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.