BISMARCK Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Bismarck averaged
6.25%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.68% and
one month ago for the week of 2025-05-15, the
average rate was 6.45%.
Bismarck's average rate one year ago was 6.49%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.71%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Bismarck 30 Year Fixed Rate | 2025-06-18 | 6.25% |
| Bismarck 30 Year Fixed Rate Refi | 2025-06-18 | 6.71% |
| Bismarck 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Bismarck 15 Year Fixed Rate Refi | 2025-06-18 | 6.16% |
| Bismarck 30 Year FHA | 2025-06-18 | -0.42% |
| Bismarck 30 Year FHA Refi | 2025-06-18 | -0.2% |
| Bismarck 30 Year USDA | 2025-06-18 | 0.1% |
| Bismarck 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Bismarck 30 Year VA | 2025-06-18 | -0.33% |
| Bismarck 30 Year VA Refi | 2025-06-18 | -0.2% |
BISMARCK Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the BISMARCK, ND market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
BISMARCK Average Closing Costs & Other Stats
BISMARCK, ND's 61 lenders originated 2,694
loans during 2024. The total origination value was $663,180,000, with an average loan value of
$246,169.
BISMARCK's average closing costs are $5,467.
The top BISMARCK lender as defined by loan originations is Gate City Bank, with
167 loans originated. Their average total fees are
$5,047, which is $278
lower than the next largest lender,
Dakota Community Bank & Trust.
The lowest fee BISMARCK lenders (with over 10 loans originated) are
NEWREZ LLC ($2,264), U.S. Bank ($2,958), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,012), UNITED WHOLESALE MORTGAGE, LLC ($4,210) and FIRST COMMUNITY CREDIT UNION ($4,277).
The lowest rate BISMARCK lenders (with over 10 loans originated) are
FIRST COMMUNITY CREDIT UNION (5.92%), Dakota Community Bank & Trust (5.98%), Gate City Bank (6.02%), Choice Financial Group (6.07%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.19%).
BISMARCK, ND Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Gate City Bank | $100,700,000 | $112,050,000 | 11.3% | 16.9% |
| CAPITAL CREDIT UNION | $55,015,000 | $67,120,000 | 22.0% | 10.1% |
| Dakota Community Bank & Trust | $35,250,000 | $43,265,000 | 22.7% | 6.5% |
| First International Bank & Trust | $36,530,000 | $42,825,000 | 17.2% | 6.5% |
| American Bank Center | $16,445,000 | $36,265,000 | 120.5% | 5.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $21,630,000 | $26,415,000 | 22.1% | 4.0% |
| Kirkwood Bank & Trust Co. | $15,885,000 | $25,665,000 | 61.6% | 3.9% |
| Starion Bank | $23,670,000 | $24,820,000 | 4.9% | 3.7% |
| Bremer Bank | $2,855,000 | $23,700,000 | 730.1% | 3.6% |
| QUICKEN LOANS, LLC | $10,270,000 | $19,950,000 | 94.3% | 3.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $9,820,000 | $17,470,000 | 77.9% | 2.6% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $23,360,000 | $17,305,000 | -25.9% | 2.6% |
| GUARANTEED RATE, INC. | $13,545,000 | $17,145,000 | 26.6% | 2.6% |
| Security First Bank of North Dakota | $51,990,000 | $12,755,000 | -75.5% | 1.9% |
| First Western Bank & Trust | $16,460,000 | $12,015,000 | -27.0% | 1.8% |
| FIRST COMMUNITY CREDIT UNION | $18,665,000 | $11,930,000 | -36.1% | 1.8% |
| Flagstar Bank, FSB | $8,625,000 | $10,790,000 | 25.1% | 1.6% |
| FREEDOM MORTGAGE CORPORATION | $840,000 | $9,380,000 | 1,016.7% | 1.4% |
| BNC National Bank | $11,280,000 | $9,350,000 | -17.1% | 1.4% |
| U.S. Bank | $9,995,000 | $8,935,000 | -10.6% | 1.3% |
| NEWREZ LLC | $3,365,000 | $8,385,000 | 149.2% | 1.3% |
| Choice Financial Group | $21,695,000 | $7,670,000 | -64.6% | 1.2% |
| RAILWAY CREDIT UNION | $7,235,000 | $7,020,000 | -3.0% | 1.1% |
| Mortgage Research Center, LLC | $4,925,000 | $6,770,000 | 37.5% | 1.0% |
| Cornerstone Bank | $2,850,000 | $5,115,000 | 79.5% | 0.8% |
| First Federal Bank | $1,135,000 | $4,070,000 | 258.6% | 0.6% |
| VUE COMMUNITY CREDIT UNION | $5,035,000 | $3,435,000 | -31.8% | 0.5% |
| Bell Bank | $1,940,000 | $3,105,000 | 60.1% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $1,760,000 | $3,075,000 | 74.7% | 0.5% |
| Wells Fargo Bank | $3,605,000 | $2,830,000 | -21.5% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $685,000 | $2,555,000 | 273.0% | 0.4% |
| Dacotah Bank | $13,400,000 | $2,355,000 | -82.4% | 0.4% |
| Bank of England | $4,940,000 | $2,335,000 | -52.7% | 0.4% |
| LOANDEPOT.COM, LLC | $1,460,000 | $2,290,000 | 56.8% | 0.3% |
| TOWN AND COUNTRY Credit Union | $1,085,000 | $1,960,000 | 80.6% | 0.3% |
| Stifel Bank and Trust | $1,930,000 | n/a | 0.3% | |
| Legacy Bank & Trust Company | $1,885,000 | n/a | 0.3% | |
| TOWNE MORTGAGE COMPANY | $540,000 | $1,805,000 | 234.3% | 0.3% |
| Plains Commerce Bank | $2,770,000 | $1,710,000 | -38.3% | 0.3% |
| USAA Federal Savings Bank | $1,270,000 | $1,695,000 | 33.5% | 0.3% |
| NBKC BANK | $1,185,000 | $1,655,000 | 39.7% | 0.2% |
| The Huntington National Bank | $2,345,000 | $1,600,000 | -31.8% | 0.2% |
| BANKWEST, INC. | $120,000 | $1,565,000 | 1,204.2% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $265,000 | $1,480,000 | 458.5% | 0.2% |
| PLANET HOME LENDING, LLC | $1,155,000 | n/a | 0.2% | |
| 21ST MORTGAGE CORPORATION | $450,000 | $1,090,000 | 142.2% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,515,000 | $1,090,000 | -28.1% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $585,000 | $1,010,000 | 72.6% | 0.2% |
| West Gate Bank | $275,000 | $950,000 | 245.5% | 0.1% |
| Morgan Stanley Private Bank | $930,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $560,000 | $855,000 | 52.7% | 0.1% |
| JPMorgan Chase Bank | $2,990,000 | $810,000 | -72.9% | 0.1% |
| BETTER MORTGAGE CORPORATION | $415,000 | $800,000 | 92.8% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $795,000 | n/a | 0.1% | |
| Presidential Bank, FSB | $745,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $255,000 | $740,000 | 190.2% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $615,000 | $710,000 | 15.4% | 0.1% |
| PHH Mortgage Corporation | $680,000 | n/a | 0.1% | |
| Hometown Credit Union | $755,000 | $670,000 | -11.3% | 0.1% |
| BMO Harris Bank | $920,000 | $625,000 | -32.1% | 0.1% |
| GUILD MORTGAGE COMPANY | $875,000 | $615,000 | -29.7% | 0.1% |
| Utah Power | $585,000 | n/a | 0.1% | |
| Union State Bank of Fargo | $575,000 | n/a | 0.1% | |
| Discover Bank | $505,000 | $560,000 | 10.9% | 0.1% |
| SeaTrust Mortgage Company | $4,295,000 | $550,000 | -87.2% | 0.1% |
| CMG MORTGAGE, INC. | $760,000 | $530,000 | -30.3% | 0.1% |
| Carrington Mortgage Services, LLC | $295,000 | $510,000 | 72.9% | 0.1% |
| Old National Bank | $6,125,000 | $505,000 | -91.8% | 0.1% |
| Figure Lending LLC | $570,000 | $480,000 | -15.8% | 0.1% |
| Waterstone Mortgage Corporation | $430,000 | n/a | 0.1% | |
| AgCountry Farm Credit Services, FLCA | $405,000 | n/a | 0.1% | |
| Magnolia Bank | $385,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $385,000 | $375,000 | -2.6% | 0.1% |
| ENVOY MORTGAGE, LTD | $355,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $355,000 | n/a | 0.1% | |
| The Federal Savings Bank | $345,000 | n/a | 0.1% | |
| NexBank | $320,000 | n/a | 0.0% | |
| WESTERN COOPERATIVE CREDIT UNION | $285,000 | $320,000 | 12.3% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $315,000 | n/a | 0.0% | |
| American Federal Bank | $905,000 | $310,000 | -65.7% | 0.0% |
| VALLEY MORTGAGE, INC. | $165,000 | $305,000 | 84.8% | 0.0% |
| Citizens Bank | $3,190,000 | $300,000 | -90.6% | 0.0% |
| Coastal Community Bank | $140,000 | $300,000 | 114.3% | 0.0% |
| Equity Prime Mortgage LLC | $145,000 | $295,000 | 103.4% | 0.0% |
| First Savings Bank | $295,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $685,000 | $290,000 | -57.7% | 0.0% |
| CARDINAL FINANCIAL | $285,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $275,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $275,000 | n/a | 0.0% | |
| Barrington Bank & Trust Company, N.A. | $400,000 | $255,000 | -36.3% | 0.0% |
| First Central Savings Bank | $245,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $100,000 | $245,000 | 145.0% | 0.0% |
| AMERISAVE MORTGAGE CORPORATION | $985,000 | $240,000 | -75.6% | 0.0% |
| Pinnacle Bank - Wyoming | $235,000 | n/a | 0.0% | |
| Ixonia Bank | $215,000 | n/a | 0.0% | |
| Bank of America | $160,000 | $210,000 | 31.3% | 0.0% |
| Deerwood Bank | $205,000 | n/a | 0.0% | |
| Unison Bank | $175,000 | $205,000 | 17.1% | 0.0% |
| Stockman Bank of Montana | $200,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $175,000 | n/a | 0.0% | |
| Secured Investment Corp. | $145,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $195,000 | $125,000 | -35.9% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $365,000 | $115,000 | -68.5% | 0.0% |
| Deere Employees Credit Union | $95,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $85,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| CENTRAL MINNESOTA Credit Union | $55,000 | n/a | 0.0% | |
| AFFINITY PLUS | $45,000 | n/a | 0.0% |
BISMARCK's top lender by overall market share is Gate City Bank, with 16.9% market share. In second place, with 10.1%, is CAPITAL CREDIT UNION, having originated $67,120,000 in loans. In third place, with 6.5%, is Dakota Community Bank & Trust, having originated $43,265,000 in loans. In fourth place, with 6.5%, is First International Bank & Trust, having originated $42,825,000 in loans. In fifth place, with 5.5%, is American Bank Center, having originated $36,265,000 in loans.
BISMARCK, ND Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,628 | $493,610,000 | $303,200 |
| Other | 317 | $30,525,000 | $96,293 |
| Refi | 303 | $77,975,000 | $257,343 |
| Home Improvement | 283 | $22,105,000 | $78,110 |
| Cash Out Refi | 163 | $38,965,000 | $239,049 |
Bismarck's most frequently cited loan purpose was Home Purchase, with 1,628 originations. The 2nd most popular reason was Other, with 317 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 751 | $228,185,000 | $303,842 |
| 5-6% | 515 | $152,435,000 | $295,990 |
| 7-8% | 504 | $120,540,000 | $239,167 |
| Over 8% | 465 | $46,055,000 | $99,043 |
| 4-5% | 94 | $24,170,000 | $257,128 |
| 3-4% | 7 | $1,105,000 | $157,857 |
| 2.5-3% | 6 | $1,180,000 | $196,667 |
| <2.5% | 3 | $305,000 | $101,667 |
During 2024, Bismarck's most frequently originated rate bucket was 6-7%, with 751 originations.
Loan Sizing (BISMARCK, ND MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,064 | $305,540,000 | $287,162 |
| $100,000 or less | 723 | $39,575,000 | $54,737 |
| $100k-200k | 528 | $78,370,000 | $148,428 |
| $400k-600k | 291 | $136,515,000 | $469,124 |
| $600k-1000k | 67 | $46,905,000 | $700,075 |
| $Over $1MM | 21 | $56,275,000 | $2,679,762 |
BISMARCK's loan sizing saw the bucket of loans from $200k-400k with 1,064 originations, totaling $305,540,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 892 | $275,600,000 | $308,969 |
| 60-80% | 461 | $170,275,000 | $369,360 |
| Under 20% | 460 | $26,380,000 | $57,348 |
| 20-40% | 285 | $34,965,000 | $122,684 |
| 40-60% | 184 | $43,370,000 | $235,707 |
| Over 100% | 40 | $17,510,000 | $437,750 |
BISMARCK's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 892 originations, totaling $275,600,000 in origination value.