FARGO Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fargo averaged
6.41%
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
6.74% and
one month ago for the week of 2025-05-15, the
average rate was 6.51%.
Fargo's average rate one year ago was 6.55%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.36%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Fargo 30 Year Fixed Rate | 2025-06-18 | 6.41% |
| Fargo 30 Year Fixed Rate Refi | 2025-06-18 | 7.36% |
| Fargo 15 Year Fixed Rate | 2025-06-18 | 6.12% |
| Fargo 15 Year Fixed Rate Refi | 2025-06-18 | 6.06% |
| Fargo 30 Year FHA | 2025-06-18 | -0.21% |
| Fargo 30 Year FHA Refi | 2025-06-18 | 0% |
| Fargo 30 Year USDA | 2025-06-18 | -0.1% |
| Fargo 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Fargo 30 Year VA | 2025-06-18 | -0.19% |
| Fargo 30 Year VA Refi | 2025-06-18 | -0.43% |
FARGO 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 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 Average Closing Costs & Other Stats
FARGO, ND-MN's 95 lenders originated 5,247
loans during 2024. The total origination value was $1,337,155,000, with an average loan value of
$254,842.
FARGO's average closing costs are $4,769.
The top FARGO lender as defined by loan originations is Gate City Bank, with
328 loans originated. Their average total fees are
$5,329, which is $77
higher than the next largest lender,
Bell Bank.
The lowest fee FARGO lenders (with over 10 loans originated) are
Alerus Financial ($2,156), CENTRAL MINNESOTA Credit Union ($3,167), VALLEY MORTGAGE, INC. ($3,532), U.S. Bank ($3,576) and Western State Bank ($3,898).
The lowest rate FARGO lenders (with over 10 loans originated) are
Western State Bank (6.04%), FIRST COMMUNITY CREDIT UNION (6.08%), VALLEY MORTGAGE, INC. (6.16%), Nations Lending Corporation (6.24%) and Gate City Bank (6.26%).
FARGO, ND-MN 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 | $189,935,000 | $179,640,000 | -5.4% | 13.4% |
| Bell Bank | $115,755,000 | $127,895,000 | 10.5% | 9.6% |
| First International Bank & Trust | $58,355,000 | $63,100,000 | 8.1% | 4.7% |
| TOWN AND COUNTRY Credit Union | $56,535,000 | $63,020,000 | 11.5% | 4.7% |
| VALLEY MORTGAGE, INC. | $54,770,000 | $61,040,000 | 11.4% | 4.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $73,515,000 | $56,890,000 | -22.6% | 4.3% |
| Starion Bank | $13,235,000 | $36,700,000 | 177.3% | 2.7% |
| Cornerstone Bank | $8,380,000 | $36,350,000 | 333.8% | 2.7% |
| Alerus Financial | $28,670,000 | $33,355,000 | 16.3% | 2.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $17,590,000 | $32,595,000 | 85.3% | 2.4% |
| QUICKEN LOANS, LLC | $19,170,000 | $32,580,000 | 70.0% | 2.4% |
| FIRST COMMUNITY CREDIT UNION | $34,050,000 | $30,865,000 | -9.4% | 2.3% |
| Arbor Realty Trust, Inc. | $15,675,000 | $30,740,000 | 96.1% | 2.3% |
| American Federal Bank | $24,340,000 | $27,650,000 | 13.6% | 2.1% |
| Bremer Bank | $27,425,000 | $27,610,000 | 0.7% | 2.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $4,570,000 | $23,565,000 | 415.6% | 1.8% |
| CAPITAL CREDIT UNION | $19,730,000 | $23,440,000 | 18.8% | 1.8% |
| First Western Bank & Trust | $37,355,000 | $23,035,000 | -38.3% | 1.7% |
| Cambria Financial Group, LLC | $21,085,000 | n/a | 1.6% | |
| Western State Bank | $16,035,000 | $20,555,000 | 28.2% | 1.5% |
| U.S. Bank | $21,105,000 | $19,205,000 | -9.0% | 1.4% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $19,095,000 | n/a | 1.4% | |
| Choice Financial Group | $24,200,000 | $17,650,000 | -27.1% | 1.3% |
| Mortgage Research Center, LLC | $11,325,000 | $15,760,000 | 39.2% | 1.2% |
| NEWREZ LLC | $14,310,000 | $14,595,000 | 2.0% | 1.1% |
| VISIONBank | $21,070,000 | $13,835,000 | -34.3% | 1.0% |
| Midwest Bank | $7,570,000 | $13,360,000 | 76.5% | 1.0% |
| Nations Lending Corporation | $11,120,000 | $12,820,000 | 15.3% | 1.0% |
| FIRST COLONY MORTGAGE CORPORATION | $12,690,000 | n/a | 0.9% | |
| BAY EQUITY LLC | $5,985,000 | $11,625,000 | 94.2% | 0.9% |
| Bank Forward | $45,365,000 | $8,960,000 | -80.2% | 0.7% |
| National Bank of Commerce | $8,545,000 | n/a | 0.6% | |
| PENNYMAC LOAN SERVICES, LLC | $5,775,000 | $8,090,000 | 40.1% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $3,805,000 | $7,980,000 | 109.7% | 0.6% |
| LOANDEPOT.COM, LLC | $5,320,000 | $7,795,000 | 46.5% | 0.6% |
| Dacotah Bank | $1,405,000 | $7,620,000 | 442.3% | 0.6% |
| GUARANTEED RATE, INC. | $5,330,000 | $7,315,000 | 37.2% | 0.5% |
| COLLIERS MORTGAGE LLC | $6,165,000 | n/a | 0.5% | |
| Deere Employees Credit Union | $4,190,000 | $5,955,000 | 42.1% | 0.4% |
| BMO Harris Bank | $4,375,000 | $5,380,000 | 23.0% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $4,030,000 | $5,070,000 | 25.8% | 0.4% |
| AFFINITY PLUS | $3,395,000 | $4,535,000 | 33.6% | 0.3% |
| Union State Bank of Fargo | $16,530,000 | $4,460,000 | -73.0% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $5,510,000 | $4,320,000 | -21.6% | 0.3% |
| First Interstate Bank | $460,000 | $4,275,000 | 829.3% | 0.3% |
| Plains Commerce Bank | $3,990,000 | $4,180,000 | 4.8% | 0.3% |
| Kirkwood Bank & Trust Co. | $4,030,000 | n/a | 0.3% | |
| Valley Premier Bank | $4,690,000 | $4,025,000 | -14.2% | 0.3% |
| JPMorgan Chase Bank | $6,040,000 | $3,970,000 | -34.3% | 0.3% |
| CENTRAL MINNESOTA Credit Union | $3,080,000 | $3,380,000 | 9.7% | 0.3% |
| GUILD MORTGAGE COMPANY | $775,000 | $3,380,000 | 336.1% | 0.3% |
| Wells Fargo Bank | $10,535,000 | $3,380,000 | -67.9% | 0.3% |
| 21ST MORTGAGE CORPORATION | $1,255,000 | $3,240,000 | 158.2% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,155,000 | $3,055,000 | 41.8% | 0.2% |
| Northwestern Bank, NA | $5,725,000 | $2,920,000 | -49.0% | 0.2% |
| Flagstar Bank, FSB | $2,655,000 | $2,855,000 | 7.5% | 0.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,225,000 | $2,775,000 | 126.5% | 0.2% |
| TOWNE MORTGAGE COMPANY | $2,455,000 | $2,730,000 | 11.2% | 0.2% |
| Merchants Bank | $1,075,000 | $2,695,000 | 150.7% | 0.2% |
| CANOPY MORTGAGE, LLC | $2,685,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $2,520,000 | $2,555,000 | 1.4% | 0.2% |
| The Huntington National Bank | $3,650,000 | $2,520,000 | -31.0% | 0.2% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,980,000 | n/a | 0.1% | |
| Bank of America | $930,000 | $1,920,000 | 106.5% | 0.1% |
| Morgan Stanley Private Bank | $520,000 | $1,815,000 | 249.0% | 0.1% |
| Discover Bank | $1,270,000 | $1,690,000 | 33.1% | 0.1% |
| Minnwest Bank | $155,000 | $1,600,000 | 932.3% | 0.1% |
| V.I.P. MORTGAGE, INC. | $4,415,000 | $1,570,000 | -64.4% | 0.1% |
| Legacy Bank & Trust Company | $1,495,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $1,475,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $3,245,000 | $1,390,000 | -57.2% | 0.1% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,370,000 | $1,390,000 | -41.4% | 0.1% |
| Equity Prime Mortgage LLC | $265,000 | $1,320,000 | 398.1% | 0.1% |
| NBKC BANK | $1,280,000 | n/a | 0.1% | |
| Security First Bank of North Dakota | $355,000 | $1,280,000 | 260.6% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $920,000 | $1,190,000 | 29.3% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,185,000 | n/a | 0.1% | |
| Magnolia Bank | $1,165,000 | n/a | 0.1% | |
| Security Bank & Trust Company | $1,160,000 | n/a | 0.1% | |
| Figure Lending LLC | $725,000 | $1,135,000 | 56.6% | 0.1% |
| Lake Forest Bank & Trust | $1,055,000 | n/a | 0.1% | |
| AMERISAVE MORTGAGE CORPORATION | $950,000 | $1,045,000 | 10.0% | 0.1% |
| Carrington Mortgage Services, LLC | $125,000 | $1,040,000 | 732.0% | 0.1% |
| Dollar Bank, Federal Savings Bank | $635,000 | $1,005,000 | 58.3% | 0.1% |
| AmeriHome Mortgage Company, LLC | $995,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $500,000 | $900,000 | 80.0% | 0.1% |
| WINGS FINANCIAL | $360,000 | $900,000 | 150.0% | 0.1% |
| AgCountry Farm Credit Services, FLCA | $855,000 | n/a | 0.1% | |
| First Savings Bank | $4,040,000 | $845,000 | -79.1% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,830,000 | $815,000 | -55.5% | 0.1% |
| Generations Bank | $765,000 | n/a | 0.1% | |
| First Resource Bank | $1,120,000 | $725,000 | -35.3% | 0.1% |
| The Central Trust Bank | $715,000 | n/a | 0.1% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $705,000 | n/a | 0.1% | |
| The Federal Savings Bank | $955,000 | $705,000 | -26.2% | 0.1% |
| ZILLOW HOME LOANS, LLC | $195,000 | $675,000 | 246.2% | 0.1% |
| Ally Bank | $305,000 | $665,000 | 118.0% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $655,000 | n/a | 0.0% | |
| NexBank | $635,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $225,000 | $615,000 | 173.3% | 0.0% |
| First Bank & Trust | $1,060,000 | $600,000 | -43.4% | 0.0% |
| First Federal Bank | $655,000 | $545,000 | -16.8% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $610,000 | $500,000 | -18.0% | 0.0% |
| UBS Bank USA | $485,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $480,000 | n/a | 0.0% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $2,585,000 | $480,000 | -81.4% | 0.0% |
| BETTER MORTGAGE CORPORATION | $475,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $475,000 | n/a | 0.0% | |
| M&T Bank | $135,000 | $465,000 | 244.4% | 0.0% |
| Coastal Community Bank | $180,000 | $460,000 | 155.6% | 0.0% |
| Commerce Home Mortgage, Inc. | $450,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $450,000 | n/a | 0.0% | |
| First Dakota National Bank | $445,000 | n/a | 0.0% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $445,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $335,000 | $430,000 | 28.4% | 0.0% |
| CMG MORTGAGE, INC. | $540,000 | $430,000 | -20.4% | 0.0% |
| CoVantage Credit Union | $430,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $285,000 | $425,000 | 49.1% | 0.0% |
| Frandsen Bank & Trust | $720,000 | $410,000 | -43.1% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $750,000 | $405,000 | -46.0% | 0.0% |
| Dakota Community Bank & Trust | $910,000 | $395,000 | -56.6% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $895,000 | $385,000 | -57.0% | 0.0% |
| Lakeview Community Capital, LLC | $375,000 | n/a | 0.0% | |
| West Gate Bank | $375,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $155,000 | $365,000 | 135.5% | 0.0% |
| First Central Savings Bank | $345,000 | n/a | 0.0% | |
| SPIRE Credit Union | $345,000 | n/a | 0.0% | |
| FIRST COMMUNITY MORTGAGE, INC. | $340,000 | $325,000 | -4.4% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $1,225,000 | $325,000 | -73.5% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $315,000 | n/a | 0.0% | |
| IDEAL | $315,000 | n/a | 0.0% | |
| 867 | $305,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $305,000 | n/a | 0.0% | |
| Black Hills Community Bank | $305,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $295,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $295,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $295,000 | n/a | 0.0% | |
| Baxter Credit Union | $475,000 | $290,000 | -38.9% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $85,000 | $285,000 | 235.3% | 0.0% |
| First State Bank | $245,000 | $280,000 | 14.3% | 0.0% |
| First State Bank of St. Charles, Missouri | $285,000 | $275,000 | -3.5% | 0.0% |
| American Bank Center | $1,185,000 | $265,000 | -77.6% | 0.0% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $255,000 | n/a | 0.0% | |
| LADERA LENDING, INC. | $255,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $585,000 | $255,000 | -56.4% | 0.0% |
| UNION HOME MORTGAGE CORP. | $255,000 | n/a | 0.0% | |
| First National Bank | $245,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $645,000 | $235,000 | -63.6% | 0.0% |
| Flanagan State Bank | $235,000 | n/a | 0.0% | |
| Ixonia Bank | $235,000 | n/a | 0.0% | |
| Servion, Inc. | $780,000 | $235,000 | -69.9% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $230,000 | n/a | 0.0% | |
| VERIDIAN CREDIT UNION | $225,000 | n/a | 0.0% | |
| Willamette Valley Bank | $395,000 | $225,000 | -43.0% | 0.0% |
| GUIDANCE RESIDENTIAL, LLC | $215,000 | n/a | 0.0% | |
| RiverWood Bank | $215,000 | n/a | 0.0% | |
| American Bank & Trust | $465,000 | $205,000 | -55.9% | 0.0% |
| BLACK HILLS FEDERAL CREDIT UNION | $205,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $205,000 | n/a | 0.0% | |
| Wilmington Savings Fund Society, FSB | $205,000 | n/a | 0.0% | |
| Truist | $195,000 | n/a | 0.0% | |
| BANKWEST, INC. | $190,000 | n/a | 0.0% | |
| Bank of England | $225,000 | $185,000 | -17.8% | 0.0% |
| Star Bank | $185,000 | n/a | 0.0% | |
| Citizens Bank | $375,000 | $180,000 | -52.0% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $165,000 | n/a | 0.0% | |
| Park State Bank | $135,000 | $165,000 | 22.2% | 0.0% |
| American National Bank of Minnesota | $625,000 | $155,000 | -75.2% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $105,000 | $155,000 | 47.6% | 0.0% |
| Opportunity Bank of Montana | $145,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $65,000 | $120,000 | 84.6% | 0.0% |
| USAlliance Federal Credit Union | $75,000 | n/a | 0.0% | |
| Royal Credit Union | $65,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $55,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| Tyndall Federal Credit Union | $25,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $1,825,000 | $15,000 | -99.2% | 0.0% |
FARGO's top lender by overall market share is Gate City Bank, with 13.4% market share. In second place, with 9.6%, is Bell Bank, having originated $127,895,000 in loans. In third place, with 4.7%, is First International Bank & Trust, having originated $63,100,000 in loans. In fourth place, with 4.7%, is TOWN AND COUNTRY Credit Union, having originated $63,020,000 in loans. In fifth place, with 4.6%, is VALLEY MORTGAGE, INC., having originated $61,040,000 in loans.
FARGO, ND-MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,253 | $1,028,205,000 | $316,079 |
| Home Improvement | 559 | $41,635,000 | $74,481 |
| Other | 546 | $55,650,000 | $101,923 |
| Refi | 536 | $139,700,000 | $260,634 |
| Cash Out Refi | 351 | $71,515,000 | $203,746 |
| NA | 2 | $450,000 | $225,000 |
Fargo's most frequently cited loan purpose was Home Purchase, with 3,253 originations. The 2nd most popular reason was Home Improvement, with 559 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,844 | $510,430,000 | $276,806 |
| 5-6% | 1,006 | $334,010,000 | $332,018 |
| Over 8% | 954 | $103,090,000 | $108,061 |
| 7-8% | 916 | $249,990,000 | $272,915 |
| 4-5% | 134 | $34,480,000 | $257,313 |
| <2.5% | 63 | $1,135,000 | $18,016 |
| 3-4% | 6 | $760,000 | $126,667 |
| 2.5-3% | 4 | $1,420,000 | $355,000 |
During 2024, Fargo's most frequently originated rate bucket was 6-7%, with 1,844 originations.
Loan Sizing (FARGO, ND-MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,328 | $655,070,000 | $281,387 |
| $100,000 or less | 1,346 | $64,730,000 | $48,091 |
| $100k-200k | 1,043 | $159,105,000 | $152,546 |
| $400k-600k | 357 | $166,955,000 | $467,661 |
| $600k-1000k | 119 | $86,295,000 | $725,168 |
| $Over $1MM | 54 | $205,000,000 | $3,796,296 |
FARGO's loan sizing saw the bucket of loans from $200k-400k with 2,328 originations, totaling $655,070,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 2,108 | $642,960,000 | $305,009 |
| Under 20% | 947 | $47,395,000 | $50,048 |
| 60-80% | 882 | $368,530,000 | $417,834 |
| 20-40% | 581 | $68,565,000 | $118,012 |
| 40-60% | 323 | $72,395,000 | $224,133 |
| Over 100% | 62 | $26,030,000 | $419,839 |
FARGO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,108 originations, totaling $642,960,000 in origination value.