FARGO Mortgage Rates
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Fargo averaged
5.67%
for the week of 2022-06-30, compared to the national average of
5.7% for the same period.
The average rate for the prior week (2022-06-23) was
5.78% and
one month ago for the week of 2022-05-26, the
average rate was 5.07%.
Fargo's average rate one year ago was 3.11%.
For refis of the same type during the week of 2022-06-30, the average rate
was 5.65%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-06-30 | 5.7% |
| Fargo 30 Year Fixed Rate | 2022-06-30 | 5.67% |
| Fargo 30 Year Fixed Rate Refi | 2022-06-30 | 5.65% |
| Fargo 15 Year Fixed Rate | 2022-06-30 | 5.11% |
| Fargo 15 Year Fixed Rate Refi | 2022-06-30 | 5.07% |
| Fargo 30 Year FHA | 2022-06-30 | 5.73% |
| Fargo 30 Year FHA Refi | 2022-06-30 | 5.57% |
| Fargo 30 Year USDA | 2022-06-30 | 5.57% |
| Fargo 30 Year USDA Refi | 2022-06-30 | 5.33% |
| Fargo 30 Year VA | 2022-06-30 | 5.51% |
| Fargo 30 Year VA Refi | 2022-06-30 | 5.27% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FARGO, ND-MN.
FARGO Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the FARGO, ND-MN 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.).
FARGO, ND-MN's 147 lenders originated 11,538
loans during 2021. The total origination value was $3,027,890,000, with an average loan value of
$262,428.
The top FARGO lender as defined by loan originations is Gate City Bank, with
970 loans originated. Their average total fees are
$4,886, which is $1,954
higher than the next largest lender,
Bell Bank.
The lowest fee FARGO lenders (with over 10 loans originated) are
Alerus Financial ($2,184), BETTER MORTGAGE CORPORATION ($2,302), Deere Employees Credit Union ($2,817), Western State Bank ($2,874) and Bell Bank ($2,932).
The lowest rate FARGO lenders (with over 10 loans originated) are
Deere Employees Credit Union (2.48%), CAPITAL CREDIT UNION (2.74%), Gate City Bank (2.76%), TOWN AND COUNTRY Credit Union (2.78%) and First Western Bank & Trust (2.81%).
FARGO, ND-MN Lender 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| Gate City Bank | $445,000,000 | $432,600,000 | -2.8% | 14.3% |
| Bell Bank | $337,860,000 | $368,020,000 | 8.9% | 12.2% |
| First International Bank & Trust | $189,720,000 | $191,450,000 | 0.9% | 6.3% |
| VALLEY MORTGAGE, INC. | $156,665,000 | $144,955,000 | -7.5% | 4.8% |
| TOWN AND COUNTRY Credit Union | $165,295,000 | $141,175,000 | -14.6% | 4.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $84,885,000 | $114,300,000 | 34.7% | 3.8% |
| Wells Fargo Bank | $107,315,000 | $106,300,000 | -0.9% | 3.5% |
| Western State Bank | $120,205,000 | $105,965,000 | -11.8% | 3.5% |
| Bank Forward | $60,765,000 | $91,430,000 | 50.5% | 3.0% |
| Bremer Bank | $105,620,000 | $87,115,000 | -17.5% | 2.9% |
| FIRST COMMUNITY CREDIT UNION | $89,820,000 | $79,200,000 | -11.8% | 2.6% |
| First Western Bank & Trust | $14,665,000 | $75,540,000 | 415.1% | 2.5% |
| QUICKEN LOANS, LLC | $70,860,000 | $73,450,000 | 3.7% | 2.4% |
| U.S. Bank | $110,310,000 | $71,485,000 | -35.2% | 2.4% |
| CALIBER HOME LOANS, INC. | $62,395,000 | $70,765,000 | 13.4% | 2.3% |
| CAPITAL CREDIT UNION | $49,135,000 | $61,045,000 | 24.2% | 2.0% |
| Cornerstone Bank | $52,015,000 | $58,690,000 | 12.8% | 1.9% |
| Alerus Financial | $115,085,000 | $57,980,000 | -49.6% | 1.9% |
| Choice Financial Group | $92,270,000 | $57,605,000 | -37.6% | 1.9% |
| Starion Bank | $35,230,000 | $44,105,000 | 25.2% | 1.5% |
| FREEDOM MORTGAGE CORPORATION | $43,060,000 | $41,495,000 | -3.6% | 1.4% |
| American Federal Bank | $62,150,000 | $35,585,000 | -42.7% | 1.2% |
| CENTRAL MINNESOTA Credit Union | $8,860,000 | $27,420,000 | 209.5% | 0.9% |
| VISIONBank | $10,125,000 | $25,155,000 | 148.4% | 0.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $31,850,000 | $22,660,000 | -28.9% | 0.7% |
| Mortgage Research Center, LLC | $16,915,000 | $21,260,000 | 25.7% | 0.7% |
| LOANDEPOT.COM, LLC | $10,505,000 | $19,790,000 | 88.4% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $10,975,000 | $18,770,000 | 71.0% | 0.6% |
| Union State Bank of Fargo | $20,615,000 | $18,615,000 | -9.7% | 0.6% |
| Great Western Bank | $27,690,000 | $18,525,000 | -33.1% | 0.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $11,610,000 | $15,635,000 | 34.7% | 0.5% |
| Merchants Bank | $5,105,000 | $12,915,000 | 153.0% | 0.4% |
| Flagstar Bank, FSB | $9,485,000 | $12,880,000 | 35.8% | 0.4% |
| HOME POINT FINANCIAL CORPORATION | $8,585,000 | $12,665,000 | 47.5% | 0.4% |
| Midwest Bank | $12,395,000 | $12,330,000 | -0.5% | 0.4% |
| Old National Bank | $1,385,000 | $12,105,000 | 774.0% | 0.4% |
| GREYSTONE SERVICING COMPANY LLC | $11,165,000 | n/a | 0.4% | |
| AFFINITY PLUS | $11,220,000 | $11,015,000 | -1.8% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $13,260,000 | $10,055,000 | -24.2% | 0.3% |
| GUARANTEED RATE, INC. | $10,065,000 | $9,840,000 | -2.2% | 0.3% |
| Deere Employees Credit Union | $14,040,000 | $9,735,000 | -30.7% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $9,465,000 | $9,670,000 | 2.2% | 0.3% |
| PARKSIDE LENDING, LLC | $8,630,000 | $9,485,000 | 9.9% | 0.3% |
| BETTER MORTGAGE CORPORATION | $6,415,000 | $8,440,000 | 31.6% | 0.3% |
| USAA Federal Savings Bank | $7,780,000 | $7,505,000 | -3.5% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,505,000 | $7,375,000 | -1.7% | 0.2% |
| JPMorgan Chase Bank | $1,895,000 | $6,805,000 | 259.1% | 0.2% |
| First Savings Bank | $11,440,000 | $6,270,000 | -45.2% | 0.2% |
| Dacotah Bank | $11,180,000 | $6,080,000 | -45.6% | 0.2% |
| PNC Bank | $570,000 | $5,680,000 | 896.5% | 0.2% |
| The Huntington National Bank | $275,000 | $5,305,000 | 1,829.1% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $1,390,000 | $4,940,000 | 255.4% | 0.2% |
| BROKER SOLUTIONS, INC. | $3,730,000 | $4,480,000 | 20.1% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $3,805,000 | $4,420,000 | 16.2% | 0.1% |
| Bank of America | $1,505,000 | $4,125,000 | 174.1% | 0.1% |
| Plains Commerce Bank | $2,565,000 | $4,050,000 | 57.9% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $2,530,000 | $3,995,000 | 57.9% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $4,425,000 | $3,945,000 | -10.8% | 0.1% |
| Bank of the West | $8,725,000 | $3,700,000 | -57.6% | 0.1% |
| Pinnacle Bank | $3,505,000 | n/a | 0.1% | |
| The Federal Savings Bank | $5,640,000 | $3,085,000 | -45.3% | 0.1% |
| American Bank Center | $1,405,000 | $3,050,000 | 117.1% | 0.1% |
| NEWREZ LLC | $2,885,000 | $2,945,000 | 2.1% | 0.1% |
| First Resource Bank | $7,820,000 | $2,530,000 | -67.6% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $700,000 | $2,300,000 | 228.6% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,180,000 | $2,150,000 | -1.4% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,305,000 | $2,055,000 | 57.5% | 0.1% |
| Servion, Inc. | $3,740,000 | $2,015,000 | -46.1% | 0.1% |
| Bank of England | $1,665,000 | $1,855,000 | 11.4% | 0.1% |
| Ally Bank | $1,780,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $530,000 | $1,770,000 | 234.0% | 0.1% |
| NBKC BANK | $1,625,000 | $1,720,000 | 5.8% | 0.1% |
| Frandsen Bank & Trust | $2,085,000 | $1,605,000 | -23.0% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $2,130,000 | $1,565,000 | -26.5% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $1,205,000 | $1,555,000 | 29.0% | 0.1% |
| TCF National Bank | $22,145,000 | $1,540,000 | -93.0% | 0.1% |
| Tradition Mortgage, LLC | $1,185,000 | $1,510,000 | 27.4% | 0.0% |
| SOFI LENDING CORP. | $845,000 | $1,505,000 | 78.1% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $1,380,000 | $1,500,000 | 8.7% | 0.0% |
| North American Savings Bank, F.S.B. | $1,380,000 | $1,490,000 | 8.0% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $1,175,000 | $1,475,000 | 25.5% | 0.0% |
| Kirkwood Bank & Trust Co. | $1,225,000 | $1,465,000 | 19.6% | 0.0% |
| Baxter Credit Union | $1,375,000 | n/a | 0.0% | |
| Citizens Bank | $2,505,000 | $1,320,000 | -47.3% | 0.0% |
| OPEN MORTGAGE, LLC | $405,000 | $1,315,000 | 224.7% | 0.0% |
| Heritage Bank | $1,725,000 | $1,285,000 | -25.5% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $915,000 | $1,240,000 | 35.5% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,370,000 | $1,235,000 | -9.9% | 0.0% |
| FirstBank | $1,680,000 | $1,120,000 | -33.3% | 0.0% |
| ZILLOW HOME LOANS, LLC | $520,000 | $1,105,000 | 112.5% | 0.0% |
| AMERICAN FINANCING CORPORATION | $950,000 | $1,080,000 | 13.7% | 0.0% |
| Carrington Mortgage Services, LLC | $625,000 | $1,010,000 | 61.6% | 0.0% |
| Stifel Bank and Trust | $95,000 | $1,010,000 | 963.2% | 0.0% |
| Raymond James Bank | $615,000 | $1,005,000 | 63.4% | 0.0% |
| BNC National Bank | $2,470,000 | $980,000 | -60.3% | 0.0% |
| AgCountry Farm Credit Services, FLCA | $915,000 | n/a | 0.0% | |
| VILLAGE CAPITAL & INVESTMENT LLC | $355,000 | $875,000 | 146.5% | 0.0% |
| Lend Smart Mortgage, LLC | $275,000 | $860,000 | 212.7% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $850,000 | n/a | 0.0% | |
| NEW DAY FINANCIAL, LLC | $945,000 | $845,000 | -10.6% | 0.0% |
| Magnolia Bank | $730,000 | $840,000 | 15.1% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $840,000 | n/a | 0.0% | |
| COMPEER FINANCIAL, FLCA | $830,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $810,000 | n/a | 0.0% | |
| KS StateBank | $225,000 | $800,000 | 255.6% | 0.0% |
| American National Bank of Minnesota | $70,000 | $790,000 | 1,028.6% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $205,000 | $790,000 | 285.4% | 0.0% |
| Florida Capital Bank | $760,000 | $755,000 | -0.7% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $755,000 | n/a | 0.0% | |
| Bank of Whittier | $105,000 | $750,000 | 614.3% | 0.0% |
| First PREMIER Bank | $1,245,000 | $745,000 | -40.2% | 0.0% |
| Unison Bank | $125,000 | $745,000 | 496.0% | 0.0% |
| UBS Bank USA | $555,000 | $715,000 | 28.8% | 0.0% |
| HOMESTEAD FUNDING CORP. | $700,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $185,000 | $670,000 | 262.2% | 0.0% |
| PREMIA MORTGAGE, LLC | $460,000 | $660,000 | 43.5% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $380,000 | $650,000 | 71.1% | 0.0% |
| CMG MORTGAGE, INC. | $315,000 | $630,000 | 100.0% | 0.0% |
| AMERICAN ADVISORS GROUP | $75,000 | $625,000 | 733.3% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $145,000 | $610,000 | 320.7% | 0.0% |
| KELLER MORTGAGE, LLC | $3,690,000 | $605,000 | -83.6% | 0.0% |
| PHH Mortgage Corporation | $145,000 | $580,000 | 300.0% | 0.0% |
| THRIVENT Federal Credit Union | $375,000 | $575,000 | 53.3% | 0.0% |
| BAY EQUITY LLC | $665,000 | $550,000 | -17.3% | 0.0% |
| Colonial Savings, F.A. | $550,000 | n/a | 0.0% | |
| First Bank & Trust | $1,105,000 | $550,000 | -50.2% | 0.0% |
| CORTRUST MORTGAGE, INC. | $350,000 | $545,000 | 55.7% | 0.0% |
| InterContinental Capital Group, Inc | $540,000 | n/a | 0.0% | |
| First Guaranty Mortgage Corporation | $1,240,000 | $515,000 | -58.5% | 0.0% |
| Strong Home Mortgage, LLC | $515,000 | n/a | 0.0% | |
| MEGASTAR FINANCIAL CORP. | $560,000 | $500,000 | -10.7% | 0.0% |
| ON Q FINANCIAL, INC. | $205,000 | $500,000 | 143.9% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,510,000 | $460,000 | -69.5% | 0.0% |
| Dakota Community Bank & Trust | $620,000 | $460,000 | -25.8% | 0.0% |
| Hometown Lenders, Inc. | $450,000 | n/a | 0.0% | |
| Cf Bank | $375,000 | $445,000 | 18.7% | 0.0% |
| Prosperity Home Mortgage, LLC | $1,285,000 | $440,000 | -65.8% | 0.0% |
| WINGS FINANCIAL | $1,240,000 | $435,000 | -64.9% | 0.0% |
| GUILD MORTGAGE COMPANY | $365,000 | $430,000 | 17.8% | 0.0% |
| Discover Bank | $355,000 | $425,000 | 19.7% | 0.0% |
| Reliabank Dakota | $425,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $400,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $390,000 | $400,000 | 2.6% | 0.0% |
| TIAA, FSB | $185,000 | $400,000 | 116.2% | 0.0% |
| Deerwood Bank | $395,000 | n/a | 0.0% | |
| First Federal Bank of Kansas City | $395,000 | n/a | 0.0% | |
| INLAND BANK & TRUST | $1,060,000 | $395,000 | -62.7% | 0.0% |
| Northpointe Bank | $390,000 | n/a | 0.0% | |
| Security First Bank of North Dakota | $1,335,000 | $390,000 | -70.8% | 0.0% |
| The State Bank of Faribault | $380,000 | n/a | 0.0% | |
| Great Southern Bank | $375,000 | n/a | 0.0% | |
| RiverWood Bank | $145,000 | $370,000 | 155.2% | 0.0% |
| ARC HOME LLC | $365,000 | n/a | 0.0% | |
| Peoples Bank | $365,000 | n/a | 0.0% | |
| RAILWAY CREDIT UNION | $330,000 | $360,000 | 9.1% | 0.0% |
| Central Bank Illinois | $355,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $175,000 | $355,000 | 102.9% | 0.0% |
| Citibank | $425,000 | $345,000 | -18.8% | 0.0% |
| 21ST MORTGAGE CORPORATION | $780,000 | $340,000 | -56.4% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $245,000 | $340,000 | 38.8% | 0.0% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $65,000 | $340,000 | 423.1% | 0.0% |
| Core Bank | $335,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $480,000 | $325,000 | -32.3% | 0.0% |
| American Bank of the North | $215,000 | $295,000 | 37.2% | 0.0% |
| Arvest Bank | $265,000 | $295,000 | 11.3% | 0.0% |
| EVERETT FINANCIAL, INC. | $2,950,000 | $295,000 | -90.0% | 0.0% |
| First Horizon Bank | $275,000 | n/a | 0.0% | |
| CELEBRITY HOME LOANS, LLC | $265,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $265,000 | n/a | 0.0% | |
| UNITED SECURITY FINANCIAL CORP | $265,000 | n/a | 0.0% | |
| GSF Mortgage Corporation | $260,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $500,000 | $255,000 | -49.0% | 0.0% |
| MEMBERS COOPERATIVE | $255,000 | n/a | 0.0% | |
| NP, Inc. | $155,000 | $255,000 | 64.5% | 0.0% |
| ADVANCIAL | $245,000 | n/a | 0.0% | |
| BankVista | $275,000 | $245,000 | -10.9% | 0.0% |
| Commerce Home Mortgage, Inc. | $245,000 | n/a | 0.0% | |
| First National Bank of Omaha | $235,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $230,000 | $230,000 | 0.0% | 0.0% |
| First Midwest Bank | $225,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $1,075,000 | $225,000 | -79.1% | 0.0% |
| HOMESTAR FINANCIAL CORPORATION | $225,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $215,000 | n/a | 0.0% | |
| Associated Bank | $215,000 | n/a | 0.0% | |
| Axos Bank | $530,000 | $215,000 | -59.4% | 0.0% |
| Truist Bank | $395,000 | $215,000 | -45.6% | 0.0% |
| MidWestOne Bank | $125,000 | $205,000 | 64.0% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $205,000 | n/a | 0.0% | |
| Chickasaw Community Bank | $195,000 | n/a | 0.0% | |
| First Home Bank | $195,000 | n/a | 0.0% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $460,000 | $195,000 | -57.6% | 0.0% |
| RBC Bank, (Georgia) | $195,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $175,000 | n/a | 0.0% | |
| Northview Bank | $390,000 | $175,000 | -55.1% | 0.0% |
| Mortgages Unlimited Inc. | $170,000 | n/a | 0.0% | |
| Manufacturers and Traders Trust Company | $105,000 | $165,000 | 57.1% | 0.0% |
| Providence Bank | $165,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $95,000 | $165,000 | 73.7% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $585,000 | $155,000 | -73.5% | 0.0% |
| HANCOCK MORTGAGE PARTNERS, LLC | $150,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $145,000 | $145,000 | 0.0% | 0.0% |
| FINANCE OF AMERICA COMMERCIAL LLC | $145,000 | n/a | 0.0% | |
| First National Bank of America | $135,000 | n/a | 0.0% | |
| Home Federal Savings Bank | $135,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $125,000 | n/a | 0.0% | |
| First Federal Bank | $1,090,000 | $115,000 | -89.4% | 0.0% |
| Lake Area Bank | $115,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $115,000 | n/a | 0.0% | |
| First Interstate Bank | $105,000 | n/a | 0.0% | |
| Nations Lending Corporation | $1,020,000 | $105,000 | -89.7% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $575,000 | $105,000 | -81.7% | 0.0% |
| Bank of Colorado | $95,000 | n/a | 0.0% | |
| BLACK HILLS FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
| Figure Lending LLC | $135,000 | $85,000 | -37.0% | 0.0% |
| Connexus Credit Union | $75,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $145,000 | $75,000 | -48.3% | 0.0% |
| HomeTown Bank | $65,000 | n/a | 0.0% | |
| Northwest Bank | $205,000 | $55,000 | -73.2% | 0.0% |
FARGO's top lender by overall market share is Gate City Bank, with 14.3% market share. In second place, with 12.2%, is Bell Bank, having originated $368,020,000 in loans. In third place, with 6.3%, is First International Bank & Trust, having originated $191,450,000 in loans. In third place, with 4.8%, is VALLEY MORTGAGE, INC., having originated $144,955,000 in loans. In third place, with 4.7%, is TOWN AND COUNTRY Credit Union, having originated $141,175,000 in loans.
FARGO, ND-MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 4,981 | $1,539,605,000 | $309,096 |
| Refi | 3,975 | $1,007,695,000 | $253,508 |
| Cash Out Refi | 1,760 | $388,950,000 | $220,994 |
| Home Improvement | 416 | $48,770,000 | $117,236 |
| Other | 403 | $42,055,000 | $104,355 |
| NA | 3 | $815,000 | $271,667 |
Fargo's most frequently cited loan purpose was Home Purchase, with 4,981 originations. The 2nd most popular reason was Refi, with 3,975 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 4,849 | $1,237,985,000 | $255,307 |
| 3-4% | 3,025 | $972,105,000 | $321,357 |
| <2.5% | 2,778 | $636,710,000 | $229,197 |
| 4-5% | 466 | $73,010,000 | $156,674 |
| 5-6% | 67 | $6,575,000 | $98,134 |
| 6-7% | 23 | $1,855,000 | $80,652 |
| Over 8% | 10 | $730,000 | $73,000 |
| 7-8% | 2 | $180,000 | $90,000 |
During 2021, Fargo's most frequently originated rate bucket was 2.5-3%, with 4,849 originations.
Loan Sizing (FARGO, ND-MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 4,993 | $1,337,595,000 | $267,894 |
| $100k-200k | 4,204 | $650,230,000 | $154,669 |
| $100,000 or less | 1,440 | $83,020,000 | $57,653 |
| $400k-600k | 701 | $331,105,000 | $472,332 |
| $Over $1MM | 108 | $556,530,000 | $5,153,056 |
| $600k-1000k | 92 | $69,410,000 | $754,457 |
FARGO's loan sizing saw the bucket of loans from $200k-400k with 4,993 originations, totaling $1,337,595,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 4,480 | $1,201,580,000 | $268,210 |
| 60-80% | 3,812 | $1,221,580,000 | $320,456 |
| 40-60% | 1,316 | $320,210,000 | $243,321 |
| Under 20% | 660 | $29,890,000 | $45,288 |
| 20-40% | 646 | $81,940,000 | $126,842 |
| Over 100% | 77 | $23,325,000 | $302,922 |
FARGO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 4,480 originations, totaling $1,201,580,000 in origination value.
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 | $258,950 (2.0%) | $302,644 (-1.2%) | 0.95 | 869 |
| 2018-02-01 | $254,900 (-1.9%) | $300,847 (-8.0%) | 0.92 | 898 |
| 2018-03-01 | $257,539 (-2.8%) | $300,877 (-8.8%) | 0.89 | 907 |
| 2018-04-01 | $261,484 (-3.1%) | $307,367 (-7.2%) | 0.88 | 958 |
| 2018-05-01 | $261,650 (-3.8%) | $308,048 (-5.2%) | 0.87 | 1,087 |
| 2018-06-01 | $263,000 (-2.6%) | $305,395 (-5.7%) | 0.88 | 1,179 |
| 2018-07-01 | $260,332 (-2.9%) | $302,429 (-6.0%) | 0.87 | 1,199 |
| 2018-08-01 | $259,900 (2.3%) | $303,026 (0.4%) | 0.87 | 1,229 |
| 2018-09-01 | $255,000 (2.0%) | $304,109 (1.3%) | 0.85 | 1,257 |
| 2018-10-01 | $250,000 (0.0%) | $300,551 (1.0%) | 0.84 | 1,246 |
| 2018-11-01 | $249,900 (-1.0%) | $302,556 (2.2%) | 0.84 | 1,179 |
| 2018-12-01 | $249,900 (-2.0%) | $301,161 (1.9%) | 0.86 | 1,037 |
| 2019-01-01 | $249,950 (-3.5%) | $301,974 (-0.2%) | 0.86 | 911 |
| 2019-02-01 | $257,450 (1.0%) | $306,055 (1.7%) | 0.86 | 930 |
| 2019-03-01 | $260,900 (1.3%) | $310,212 (3.1%) | 0.85 | 999 |
| 2019-04-01 | $264,296 (1.1%) | $314,616 (2.4%) | 0.83 | 1,088 |
| 2019-05-01 | $263,000 (0.5%) | $310,529 (0.8%) | 0.81 | 1,248 |
| 2019-06-01 | $259,900 (-1.2%) | $307,808 (0.8%) | 0.80 | 1,316 |
| 2019-07-01 | $259,639 (-0.3%) | $306,437 (1.3%) | 0.81 | 1,326 |
| 2019-08-01 | $252,814 (-2.7%) | $300,070 (-1.0%) | 0.80 | 1,349 |
| 2019-09-01 | $249,900 (-2.0%) | $294,711 (-3.1%) | 0.79 | 1,363 |
| 2019-10-01 | $249,000 (-0.4%) | $290,600 (-3.3%) | 0.79 | 1,409 |
| 2019-11-01 | $247,000 (-1.2%) | $288,114 (-4.8%) | 0.80 | 1,321 |
| 2019-12-01 | $243,700 (-2.5%) | $288,268 (-4.3%) | 0.81 | 1,138 |
| 2020-01-01 | $239,945 (-4.0%) | $290,633 (-3.8%) | 0.80 | 975 |
| 2020-02-01 | $245,000 (-4.8%) | $293,703 (-4.0%) | 0.79 | 917 |
| 2020-03-01 | $250,113 (-4.1%) | $294,615 (-5.0%) | 0.78 | 945 |
| 2020-04-01 | $259,000 (-2.0%) | $298,760 (-5.0%) | 0.81 | 966 |
| 2020-05-01 | $263,720 (0.3%) | $305,026 (-1.8%) | 0.80 | 953 |
| 2020-06-01 | $269,950 (3.9%) | $315,075 (2.4%) | 0.79 | 954 |
| 2020-07-01 | $269,900 (4.0%) | $316,484 (3.3%) | 0.77 | 900 |
| 2020-08-01 | $269,900 (6.8%) | $323,789 (7.9%) | 0.77 | 905 |
| 2020-09-01 | $267,967 (7.2%) | $316,071 (7.3%) | 0.77 | 879 |
| 2020-10-01 | $268,000 (7.6%) | $311,580 (7.2%) | 0.77 | 847 |
| 2020-11-01 | $265,628 (7.5%) | $307,664 (6.8%) | 0.76 | 772 |
| 2020-12-01 | $271,229 (11.3%) | $308,115 (6.9%) | 0.80 | 683 |
| 2021-01-01 | $279,000 (16.3%) | $321,226 (10.5%) | 0.82 | 556 |
| 2021-02-01 | $294,900 (20.4%) | $340,909 (16.1%) | 0.85 | 464 |
| 2021-03-01 | $295,750 (18.3%) | $337,693 (14.6%) | 0.83 | 450 |
| 2021-04-01 | $301,600 (16.5%) | $345,804 (15.8%) | 0.81 | 464 |
| 2021-05-01 | $314,299 (19.2%) | $358,419 (17.5%) | 0.83 | 458 |
| 2021-06-01 | $317,150 (17.5%) | $356,998 (13.3%) | 0.82 | 509 |
| 2021-07-01 | $314,951 (16.7%) | $354,382 (12.0%) | 0.82 | 540 |
| 2021-08-01 | $317,200 (17.5%) | $357,955 (10.6%) | 0.83 | 580 |
| 2021-09-01 | $318,473 (18.9%) | $350,271 (10.8%) | 0.84 | 581 |
| 2021-10-01 | $326,775 (21.9%) | $350,023 (12.3%) | 0.86 | 555 |
| 2021-11-01 | $328,160 (23.5%) | $352,670 (14.6%) | 0.86 | 511 |
| 2021-12-01 | $337,900 (24.6%) | $363,637 (18.0%) | 0.90 | 427 |
| 2022-01-01 | $343,500 (23.1%) | $361,309 (12.5%) | 0.92 | 371 |
| 2022-02-01 | $349,450 (18.5%) | $387,311 (13.6%) | 0.89 | 360 |
| 2022-03-01 | $359,900 (21.7%) | $428,510 (26.9%) | 0.89 | 350 |
| 2022-04-01 | $364,510 (20.9%) | $423,842 (22.6%) | 0.86 | 385 |
| 2022-05-01 | $366,250 (16.5%) | $415,338 (15.9%) | 0.82 | 496 |
| 2022-06-01 | $353,250 (11.4%) | $402,374 (12.7%) | 0.79 | 587 |
FARGO's median listing price for 2022-06-01 was $353,250, a difference of
$36,100
(11.4%) versus the prior year and
$-13,000 versus the prior month.
FARGO's median listing price comes in at 79% of the national average.
FARGO's average listing price for 2022-06-01 was $402,374, a difference of $45,376 (12.7%) versus the prior year and $-12,964 versus the prior month.
For the 2022-06-01 period, FARGO had 587 MLS listings, a difference of 91 listings (18%) versus the prior month and 78 listings (15%) versus the prior year.
FARGO's median listing price comes in at 79% of the national average.
FARGO's average listing price for 2022-06-01 was $402,374, a difference of $45,376 (12.7%) versus the prior year and $-12,964 versus the prior month.
For the 2022-06-01 period, FARGO had 587 MLS listings, a difference of 91 listings (18%) versus the prior month and 78 listings (15%) 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 | 92 days | 2,325 sqft |
| 2018-02-01 | 51 days | 2,298 sqft |
| 2018-03-01 | 53 days | 2,304 sqft |
| 2018-04-01 | 50 days | 2,347 sqft |
| 2018-05-01 | 44 days | 2,377 sqft |
| 2018-06-01 | 43 days | 2,390 sqft |
| 2018-07-01 | 50 days | 2,351 sqft |
| 2018-08-01 | 57 days | 2,352 sqft |
| 2018-09-01 | 58 days | 2,340 sqft |
| 2018-10-01 | 67 days | 2,312 sqft |
| 2018-11-01 | 75 days | 2,265 sqft |
| 2018-12-01 | 85 days | 2,238 sqft |
| 2019-01-01 | 87 days | 2,212 sqft |
| 2019-02-01 | 83 days | 2,224 sqft |
| 2019-03-01 | 65 days | 2,238 sqft |
| 2019-04-01 | 48 days | 2,255 sqft |
| 2019-05-01 | 42 days | 2,249 sqft |
| 2019-06-01 | 46 days | 2,276 sqft |
| 2019-07-01 | 58 days | 2,302 sqft |
| 2019-08-01 | 60 days | 2,274 sqft |
| 2019-09-01 | 62 days | 2,248 sqft |
| 2019-10-01 | 64 days | 2,236 sqft |
| 2019-11-01 | 70 days | 2,234 sqft |
| 2019-12-01 | 89 days | 2,201 sqft |
| 2020-01-01 | 99 days | 2,201 sqft |
| 2020-02-01 | 99 days | 2,201 sqft |
| 2020-03-01 | 69 days | 2,214 sqft |
| 2020-04-01 | 62 days | 2,234 sqft |
| 2020-05-01 | 60 days | 2,274 sqft |
| 2020-06-01 | 50 days | 2,337 sqft |
| 2020-07-01 | 47 days | 2,340 sqft |
| 2020-08-01 | 52 days | 2,340 sqft |
| 2020-09-01 | 52 days | 2,290 sqft |
| 2020-10-01 | 58 days | 2,236 sqft |
| 2020-11-01 | 71 days | 2,204 sqft |
| 2020-12-01 | 86 days | 2,208 sqft |
| 2021-01-01 | 73 days | 2,232 sqft |
| 2021-02-01 | 52 days | 2,339 sqft |
| 2021-03-01 | 52 days | 2,348 sqft |
| 2021-04-01 | 39 days | 2,315 sqft |
| 2021-05-01 | 36 days | 2,341 sqft |
| 2021-06-01 | 34 days | 2,350 sqft |
| 2021-07-01 | 40 days | 2,343 sqft |
| 2021-08-01 | 41 days | 2,388 sqft |
| 2021-09-01 | 55 days | 2,382 sqft |
| 2021-10-01 | 66 days | 2,368 sqft |
| 2021-11-01 | 68 days | 2,368 sqft |
| 2021-12-01 | 82 days | 2,422 sqft |
| 2022-01-01 | 80 days | 2,400 sqft |
| 2022-02-01 | 64 days | 2,400 sqft |
| 2022-03-01 | 59 days | 2,358 sqft |
| 2022-04-01 | 39 days | 2,343 sqft |
| 2022-05-01 | 32 days | 2,375 sqft |
| 2022-06-01 | 35 days | 2,318 sqft |
FARGO's median listing age (time on market) for 2022-06-01 was 35 days.
This
is 3%
longer
than the same period one year ago.
FARGO's median square footage for active listings during the 2022-06-01 period was 2,318 sqft. One year prior, the average listing was 2,350 sqft.
FARGO's median square footage for active listings during the 2022-06-01 period was 2,318 sqft. One year prior, the average listing was 2,350 sqft.
