Minot VA Loan Rates, Closing Costs & Stats

Minot, 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.

    Minot's 40 lenders originated 353 VA loans during 2024. The total origination value was $98,385,000, with an average VA loan value of $278,711.

    Minot VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Minot averaged 6.05% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Minot's average VA mortgage closing costs are $6,025.

    The average rate for the prior week (2025-07-11) was 6.04% and one month ago for the week of 2025-06-13, the average rate was 6.52%.

    The average rate one year ago was 6.01%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.48%.

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

    Minot 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 Minot level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 61 6.39% $5,949
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 56 5.75% $6,651
    TOWN AND COUNTRY Credit Union 33 5.86% $6,543
    NAVY FEDERAL CREDIT UNION 18 5.72% $7,415
    Gate City Bank 16 5.21% $9,693
    First International Bank & Trust 11 5.94% $9,801
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 6.06% $7,942
    GUARANTEED RATE, INC. 9 5.67% $4,682
    UNITED WHOLESALE MORTGAGE, LLC 9 5.80% $7,545
    FREEDOM MORTGAGE CORPORATION 8 6.20% $8,879
    USAA Federal Savings Bank 7 6.04% $10,972
    QUICKEN LOANS, LLC 7 6.21% $13,279
    First Western Bank & Trust 7 5.76% $5,383
    PENNYMAC LOAN SERVICES, LLC 6 5.83% $12,405
    Flagstar Bank, FSB 5 6.75% $6,891
    LOANDEPOT.COM, LLC 3 6.04% $12,119
    Plains Commerce Bank 3 6.42% $10,556
    CROSSCOUNTRY MORTGAGE, LLC 3 5.92% $3,648
    Dacotah Bank 2 6.06% $8,652
    PLANET HOME LENDING, LLC 2 5.99% $3,469
    VILLAGE CAPITAL MORTGAGE 1 6.25% $1,980
    Ameris Bank 1 6.50% $20,096
    Armed Forces Bank 1 6.75% $12,936
    Barrington Bank & Trust Company, N.A. 1 6.75% $7,178
    BROKER SOLUTIONS, INC. 1 6.49% $12,433
    Century Mortgage Company DBA Century Lending Company 1 5.25% $6,505
    CORNERSTONE HOME LENDING, INC. 1 6.13% $6,768
    DAS Acquisition Company, LLC 1 6.75% $3,359
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $3,298
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $11,858
    MOVEMENT MORTGAGE, LLC 1 6.75% $8,014
    Mr. Cooper ( Nationstar Mortgage ) 1 6.25% $7,688
    NBKC BANK 1 6.13% $6,574
    NEWREZ LLC 1 4.75% $10,187
    Oakstar Bank 1 6.13% $6,562
    PNC Bank 1 6.75% $19,327
    Service Federal Credit Union 1 6.63% $6,243
    Texana Bank 1 6.49% $2,197
    U.S. Bank 1 6.60% $2,482
    AmeriHome Mortgage Company, LLC 1 5.50% $5,108

    The top Minot VA lender as defined by loan originations is Mortgage Research Center, LLC, with 61 VA loans originated. Their average total fees are $5,949, which is $702 lower than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

    The lowest fee Minot VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,949), TOWN AND COUNTRY Credit Union ($6,543), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($6,651), NAVY FEDERAL CREDIT UNION ($7,415) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,942).

    The lowest rate Minot VA lenders (with over 10 loans originated) are Gate City Bank (5.21%), NAVY FEDERAL CREDIT UNION (5.72%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (5.75%), TOWN AND COUNTRY Credit Union (5.86%) and First International Bank & Trust (5.94%).

    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.