FARGO Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Fargo averaged 6.53% for the week of 2024-02-29, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-02-22) was 6.19% and one month ago for the week of 2024-01-25, the average rate was 5.88%.

Fargo's average rate one year ago was 6.02%.

For refis of the same type during the week of 2024-02-29, the average rate was 5.67%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-29 6.94%
Fargo 30 Year Fixed Rate 2024-02-29 6.53%
Fargo 30 Year Fixed Rate Refi 2024-02-29 5.67%
Fargo 15 Year Fixed Rate 2024-02-29 5.78%
Fargo 15 Year Fixed Rate Refi 2024-02-29 5.21%
Fargo 30 Year FHA 2024-02-29 6.02%
Fargo 30 Year FHA Refi 2024-02-29 6.89%
Fargo 30 Year USDA 2024-02-29 6.53%
Fargo 30 Year USDA Refi 2024-02-29 6.93%
Fargo 30 Year VA 2024-02-29 6.2%
Fargo 30 Year VA Refi 2024-02-29 6.72%
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 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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Gate City Bank 617 4.17% $5,664
Bell Bank 317 4.62% $4,165
UNITED WHOLESALE MORTGAGE, LLC 222 5.21% $5,495
VALLEY MORTGAGE, INC. 184 4.70% $4,054
First International Bank & Trust 147 4.59% $5,036
TOWN AND COUNTRY Credit Union 119 4.57% $4,881
Western State Bank 109 4.93% $3,867
Wells Fargo Bank 106 4.44% $4,515
QUICKEN LOANS, LLC 92 4.71% $6,148
Bremer Bank 83 4.74% $5,371
FIRST COMMUNITY CREDIT UNION 77 4.68% $5,013
First Western Bank & Trust 74 4.67% $4,571
U.S. Bank 74 4.86% $4,228
CALIBER HOME LOANS, INC. 60 4.71% $5,497
Alerus Financial 50 4.98% $3,599
CAPITAL CREDIT UNION 41 4.39% $6,404
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 37 5.05% $4,968
FINANCE OF AMERICA MORTGAGE LLC 33 4.82% $5,413
Choice Financial Group 33 4.77% $5,008
LOANDEPOT.COM, LLC 28 4.98% $5,595
Deere Employees Credit Union 22 3.18% $3,024
ARK-LA-TEX FINANCIAL SERVICES, LLC. 18 5.44% $7,455
The Huntington National Bank 18 4.99% $4,407
Union State Bank of Fargo 13 4.39% $4,907
CARDINAL FINANCIAL 13 4.72% $9,340
GUARANTEED RATE, INC. 13 4.93% $5,337
JPMorgan Chase Bank 11 4.44% $3,791
CENTRAL MINNESOTA Credit Union 10 5.18% $3,646
Plains Commerce Bank 9 4.94% $5,145
HOME POINT FINANCIAL CORPORATION 9 4.93% $5,828
Starion Bank 8 4.25% $3,878
Servion, Inc. 7 4.79% $5,180
PENNYMAC LOAN SERVICES, LLC 7 4.07% $7,211
Mr. Cooper ( Nationstar Mortgage ) 6 4.47% $8,979
Ally Bank 6 4.17% $5,441
Barrington Bank & Trust Company, N.A. 6 4.87% $6,755
BETTER MORTGAGE CORPORATION 5 4.00% $2,943
FREEDOM MORTGAGE CORPORATION 5 4.95% $4,982
AMERISAVE MORTGAGE CORPORATION 5 4.25% $9,081
AFFINITY PLUS 5 5.23% $4,951
Stifel Bank and Trust 4 3.97% $2,906
Bank Forward 4 4.38% $4,221
Bank of America 4 4.63% $4,774
North American Savings Bank, F.S.B. 4 4.56% $3,854
THRIVENT Federal Credit Union 3 4.29% $3,276
Merchants Bank 3 4.82% $5,956
EVERETT FINANCIAL, INC. 3 5.92% $2,162
Citizens Bank 3 3.42% $5,459
American Mortgage & Equity Consultants, Inc. 3 5.29% $4,809
First Savings Bank 3 4.88% $5,337
CROSSCOUNTRY MORTGAGE, LLC 3 4.71% $5,519
American Bank & Trust 3 4.92% $5,608
American Bank Center 3 5.53% $5,157
Bank of England 3 4.67% $6,058
WINGS FINANCIAL 3 4.33% $2,708
BROKER SOLUTIONS, INC. 3 5.33% $4,434
Flagstar Bank, FSB 3 4.52% $5,547
ALAMEDA MORTGAGE CORPORATION 2 6.13% $5,320
MORIA DEVELOPMENT, INC. 2 5.88% $5,322
PNC Bank 2 5.31% $3,152
Discover Bank 2 4.74% $0
Frandsen Bank & Trust 2 3.63% $2,964
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.63% $3,834
Prosperity Home Mortgage, LLC 2 6.38% $5,251
Bank of the West 2 3.38% $4,777
MUTUAL OF OMAHA MORTGAGE, INC. 2 4.63% $6,322
CORTRUST MORTGAGE, INC. 2 3.75% $4,431
NBKC BANK 2 4.31% $3,125
SOFI LENDING CORP. 2 4.06% $2,729
Gateway First Bank 2 5.50% $3,163
ZILLOW HOME LOANS, LLC 2 5.13% $7,190
Paramount Residential Mortgage Group, Inc. 2 5.19% $2,163
USAA Federal Savings Bank 2 5.13% $4,877
NAVY FEDERAL CREDIT UNION 1 6.88% $7,867
NEWREZ LLC 1 4.50% $4,347
Northview Bank 1 5.63% $4,161
Northwest Bank 1 4.50% $5,312
ON Q FINANCIAL, INC. 1 6.00% $3,218
BMO Harris Bank 1 5.63% $5,024
PHH Mortgage Corporation 1 5.38% $9,167
BAY EQUITY LLC 1 4.13% $6,341
PLANET HOME LENDING, LLC 1 4.75% $994
PREMIA MORTGAGE, LLC 1 5.25% $7,874
PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.75% $7,316
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.63% $6,495
RBC Bank, (Georgia) 1 5.00% $2,541
RESIDENTIAL BANCORP 1 6.50% $3,895
ROYAL UNITED MORTGAGE LLC 1 6.00% $7,858
Axos Bank 1 7.13% $2,878
ATLANTA POSTAL 1 3.13% $3,765
Summit Mortgage Corporation 1 7.63% $3,327
ARC HOME LLC 1 4.00% $1,362
AmeriHome Mortgage Company, LLC 1 3.13% $1,234
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 3.25% $2,818
Amerifirst Financial, Inc. 1 5.88% $0
AMERICAN FINANCING CORPORATION 1 5.75% $5,551
Wyndham Capital Mortgage, Inc. 1 2.88% $2,338
DIGITAL Federal Credit Union 1 5.25% $5,227
Devon Bank 1 7.00% $5,280
EVANSVILLE TEACHERS 1 3.25% $3,042
Dakota Community Bank & Trust 1 3.38% $7,662
Dacotah Bank 1 5.63% $4,340
First Horizon Bank 1 5.50% $6,173
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.13% $3,188
First Interstate Bank 1 4.00% $4,063
First National Bank of America 1 7.38% $12,135
First National Bank of Omaha 1 5.38% $3,045
Florida Capital Bank 1 4.63% $5,210
Fortress Bank 1 5.13% $3,892
FOUR POINTS 1 5.13% $2,647
City National Bank 1 2.99% $3,314
City Bank 1 4.25% $4,059
Goldman Sachs Bank USA 1 3.75% $6,394
Heritage Bank 1 6.75% $4,632
Home Federal Savings Bank 1 4.25% $6,109
Century Mortgage Company DBA Century Lending Company 1 6.13% $0
HOMESTEAD FUNDING CORP. 1 3.88% $2,770
Carrollton Bank 1 7.13% $3,886
LEADERONE FINANCIAL CORPORATION 1 3.63% $7,828
Lend Smart Mortgage, LLC 1 4.50% $7,791
MEMBERS COOPERATIVE 1 4.75% $7,785
Minnwest Bank 1 6.63% $3,955
Morgan Stanley Private Bank 1 3.45% $3,676
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.50% $3,303
Mortgages Unlimited Inc. 1 5.00% $4,444
BOKF 1 4.00% $3,512
M&T Bank 1 4.13% $2,733

FARGO Average Closing Costs & Other Stats

FARGO, ND-MN's 127 lenders originated 6,556 loans during 2022. The total origination value was $1,819,670,000, with an average loan value of $277,558.

FARGO's average closing costs are $4,458.

The top FARGO lender as defined by loan originations is Gate City Bank, with 617 loans originated. Their average total fees are $5,664, which is $1,499 higher than the next largest lender, Bell Bank.

The lowest fee FARGO lenders (with over 10 loans originated) are Deere Employees Credit Union ($3,024), Alerus Financial ($3,599), CENTRAL MINNESOTA Credit Union ($3,646), JPMorgan Chase Bank ($3,791) and Western State Bank ($3,867).

The lowest rate FARGO lenders (with over 10 loans originated) are Deere Employees Credit Union (3.18%), Gate City Bank (4.17%), Union State Bank of Fargo (4.39%), CAPITAL CREDIT UNION (4.39%) and JPMorgan Chase Bank (4.44%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Gate City Bank $432,600,000 $300,735,000 -30.5% 16.5%
Bell Bank $368,020,000 $225,020,000 -38.9% 12.4%
First International Bank & Trust $191,450,000 $99,210,000 -48.2% 5.5%
UNITED WHOLESALE MORTGAGE, LLC $114,300,000 $94,380,000 -17.4% 5.2%
Western State Bank $105,965,000 $73,525,000 -30.6% 4.0%
TOWN AND COUNTRY Credit Union $141,175,000 $70,590,000 -50.0% 3.9%
VALLEY MORTGAGE, INC. $144,955,000 $68,255,000 -52.9% 3.8%
CAPITAL CREDIT UNION $61,045,000 $68,190,000 11.7% 3.7%
Choice Financial Group $57,605,000 $60,600,000 5.2% 3.3%
Starion Bank $44,105,000 $58,565,000 32.8% 3.2%
First Western Bank & Trust $75,540,000 $53,940,000 -28.6% 3.0%
FIRST COMMUNITY CREDIT UNION $79,200,000 $43,170,000 -45.5% 2.4%
Bremer Bank $87,115,000 $42,160,000 -51.6% 2.3%
American Federal Bank $35,585,000 $41,020,000 15.3% 2.3%
Wells Fargo Bank $106,300,000 $40,805,000 -61.6% 2.2%
Grandbridge Real Estate Capital LLC $40,780,000 n/a 2.2%
U.S. Bank $71,485,000 $33,485,000 -53.2% 1.8%
QUICKEN LOANS, LLC $73,450,000 $31,235,000 -57.5% 1.7%
CALIBER HOME LOANS, INC. $70,765,000 $28,575,000 -59.6% 1.6%
Alerus Financial $57,980,000 $28,265,000 -51.3% 1.6%
Union State Bank of Fargo $18,615,000 $17,920,000 -3.7% 1.0%
First Interstate Bank $105,000 $16,685,000 15,790.5% 0.9%
Mortgage Research Center, LLC $21,260,000 $15,830,000 -25.5% 0.9%
FINANCE OF AMERICA MORTGAGE LLC $4,940,000 $14,200,000 187.4% 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $15,635,000 $13,800,000 -11.7% 0.8%
VISIONBank $25,155,000 $13,420,000 -46.7% 0.7%
LOANDEPOT.COM, LLC $19,790,000 $10,985,000 -44.5% 0.6%
GUARANTEED RATE, INC. $9,840,000 $10,490,000 6.6% 0.6%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $22,660,000 $10,220,000 -54.9% 0.6%
Deere Employees Credit Union $9,735,000 $10,110,000 3.9% 0.6%
NEWREZ LLC $2,945,000 $9,855,000 234.6% 0.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $10,055,000 $9,230,000 -8.2% 0.5%
Midwest Bank $12,330,000 $8,680,000 -29.6% 0.5%
The Huntington National Bank $5,305,000 $6,745,000 27.1% 0.4%
Bridgewater Bank $6,255,000 n/a 0.3%
PENNYMAC LOAN SERVICES, LLC $18,770,000 $6,230,000 -66.8% 0.3%
Cornerstone Bank $58,690,000 $5,660,000 -90.4% 0.3%
JPMorgan Chase Bank $6,805,000 $5,415,000 -20.4% 0.3%
USAA Federal Savings Bank $7,505,000 $5,320,000 -29.1% 0.3%
FREEDOM MORTGAGE CORPORATION $41,495,000 $5,105,000 -87.7% 0.3%
Flagstar Bank, FSB $12,880,000 $4,770,000 -63.0% 0.3%
CENTRAL MINNESOTA Credit Union $27,420,000 $4,445,000 -83.8% 0.2%
JONES LANG LASALLE MULTIFAMILY, LLC $4,385,000 n/a 0.2%
HOME POINT FINANCIAL CORPORATION $12,665,000 $4,140,000 -67.3% 0.2%
AFFINITY PLUS $11,015,000 $3,995,000 -63.7% 0.2%
NAVY FEDERAL CREDIT UNION $3,995,000 $3,835,000 -4.0% 0.2%
Bank Forward $91,430,000 $3,540,000 -96.1% 0.2%
AMERISAVE MORTGAGE CORPORATION $9,670,000 $3,380,000 -65.0% 0.2%
First Resource Bank $2,530,000 $3,060,000 20.9% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $7,375,000 $2,975,000 -59.7% 0.2%
Plains Commerce Bank $4,050,000 $2,810,000 -30.6% 0.2%
Barrington Bank & Trust Company, N.A. $4,420,000 $2,500,000 -43.4% 0.1%
Servion, Inc. $2,015,000 $2,315,000 14.9% 0.1%
The Federal Savings Bank $3,085,000 $2,015,000 -34.7% 0.1%
Merchants Bank $12,915,000 $1,945,000 -84.9% 0.1%
American Bank Center $3,050,000 $1,810,000 -40.7% 0.1%
Ally Bank $1,780,000 $1,765,000 -0.8% 0.1%
BETTER MORTGAGE CORPORATION $8,440,000 $1,650,000 -80.5% 0.1%
North American Savings Bank, F.S.B. $1,490,000 $1,585,000 6.4% 0.1%
BROKER SOLUTIONS, INC. $4,480,000 $1,550,000 -65.4% 0.1%
Great Western Bank $18,525,000 $1,365,000 -92.6% 0.1%
Goldman Sachs Bank USA $1,355,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $2,150,000 $1,315,000 -38.8% 0.1%
First Savings Bank $6,270,000 $1,230,000 -80.4% 0.1%
AgCountry Farm Credit Services, FLCA $915,000 $1,180,000 29.0% 0.1%
Discover Bank $425,000 $1,155,000 171.8% 0.1%
ALAMEDA MORTGAGE CORPORATION $1,150,000 n/a 0.1%
Bank of England $1,855,000 $1,150,000 -38.0% 0.1%
Bank of the West $3,700,000 $1,105,000 -70.1% 0.1%
Stifel Bank and Trust $1,010,000 $1,090,000 7.9% 0.1%
Paramount Residential Mortgage Group, Inc. $1,565,000 $1,085,000 -30.7% 0.1%
American National Bank of Minnesota $790,000 $1,070,000 35.4% 0.1%
Bank of America $4,125,000 $1,015,000 -75.4% 0.1%
Security First Bank of North Dakota $390,000 $940,000 141.0% 0.1%
MID AMERICA MORTGAGE, INC. $1,555,000 $920,000 -40.8% 0.1%
Fortress Bank $915,000 n/a 0.1%
EVERETT FINANCIAL, INC. $295,000 $860,000 191.5% 0.0%
Citizens Bank $1,320,000 $855,000 -35.2% 0.0%
PLAZA HOME MORTGAGE, INC. $840,000 $850,000 1.2% 0.0%
American Mortgage & Equity Consultants, Inc. $1,500,000 $815,000 -45.7% 0.0%
NBKC BANK $1,720,000 $795,000 -53.8% 0.0%
OPEN MORTGAGE, LLC $1,315,000 $750,000 -43.0% 0.0%
AMERICAN FINANCING CORPORATION $1,080,000 $740,000 -31.5% 0.0%
Lend Smart Mortgage, LLC $860,000 $740,000 -14.0% 0.0%
American Bank & Trust $715,000 n/a 0.0%
PREMIA MORTGAGE, LLC $660,000 $700,000 6.1% 0.0%
Tradition Capital Bank $670,000 n/a 0.0%
Armed Forces Bank $650,000 n/a 0.0%
BAY EQUITY LLC $550,000 $650,000 18.2% 0.0%
WINGS FINANCIAL $435,000 $640,000 47.1% 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $630,000 n/a 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $1,235,000 $570,000 -53.8% 0.0%
Morgan Stanley Private Bank $565,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $610,000 $560,000 -8.2% 0.0%
THRIVENT Federal Credit Union $575,000 $555,000 -3.5% 0.0%
First Horizon Bank $275,000 $545,000 98.2% 0.0%
Dakota Community Bank & Trust $460,000 $505,000 9.8% 0.0%
Summit Mortgage Corporation $505,000 n/a 0.0%
BMO Harris Bank $495,000 n/a 0.0%
Frandsen Bank & Trust $1,605,000 $475,000 -70.4% 0.0%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $340,000 $475,000 39.7% 0.0%
Florida Capital Bank $755,000 $470,000 -37.7% 0.0%
Wyndham Capital Mortgage, Inc. $850,000 $455,000 -46.5% 0.0%
FOUR POINTS $445,000 n/a 0.0%
Commerce Home Mortgage, Inc. $245,000 $440,000 79.6% 0.0%
Gateway First Bank $440,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $440,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $340,000 $420,000 23.5% 0.0%
Amerifirst Financial, Inc. $415,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $325,000 $415,000 27.7% 0.0%
MEMBERS COOPERATIVE $255,000 $415,000 62.7% 0.0%
CORTRUST MORTGAGE, INC. $545,000 $410,000 -24.8% 0.0%
MORIA DEVELOPMENT, INC. $400,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $1,105,000 $400,000 -63.8% 0.0%
City National Bank $395,000 n/a 0.0%
First Federal Bank $115,000 $395,000 243.5% 0.0%
PNC Bank $5,680,000 $395,000 -93.0% 0.0%
JAMES B. NUTTER & COMPANY $385,000 n/a 0.0%
RBC Bank, (Georgia) $195,000 $385,000 97.4% 0.0%
Prosperity Home Mortgage, LLC $440,000 $380,000 -13.6% 0.0%
DIGITAL Federal Credit Union $375,000 n/a 0.0%
Dacotah Bank $6,080,000 $350,000 -94.2% 0.0%
HOMESIDE FINANCIAL, LLC $1,770,000 $345,000 -80.5% 0.0%
NFM, INC. $335,000 n/a 0.0%
Home Federal Savings Bank $135,000 $325,000 140.7% 0.0%
First State Bank $320,000 n/a 0.0%
ARC HOME LLC $365,000 $315,000 -13.7% 0.0%
Goldwater Bank, N.A. $255,000 $315,000 23.5% 0.0%
American Investors Bank and Mortgage $305,000 n/a 0.0%
First National Bank of America $135,000 $305,000 125.9% 0.0%
Northwest Bank $55,000 $305,000 454.5% 0.0%
SOFI LENDING CORP. $1,505,000 $300,000 -80.1% 0.0%
City Bank $285,000 n/a 0.0%
First National Bank of Omaha $235,000 $285,000 21.3% 0.0%
CITY-COUNTY CREDIT UNION $275,000 n/a 0.0%
Figure Lending LLC $85,000 $270,000 217.6% 0.0%
CMG MORTGAGE, INC. $630,000 $265,000 -57.9% 0.0%
EMBRACE HOME LOANS, INC. $145,000 $265,000 82.8% 0.0%
EVANSVILLE TEACHERS $265,000 n/a 0.0%
American Heritage National Bank $255,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $810,000 $255,000 -68.5% 0.0%
Mortgages Unlimited Inc. $170,000 $255,000 50.0% 0.0%
Devon Bank $235,000 n/a 0.0%
Minnwest Bank $235,000 n/a 0.0%
Unison Bank $745,000 $230,000 -69.1% 0.0%
ATLANTA POSTAL $225,000 n/a 0.0%
BOKF $225,000 n/a 0.0%
First National Bank $225,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $1,240,000 $225,000 -81.9% 0.0%
RESIDENTIAL BANCORP. $225,000 n/a 0.0%
HOMESTEAD FUNDING CORP. $700,000 $215,000 -69.3% 0.0%
Northview Bank $175,000 $215,000 22.9% 0.0%
Woodlands National Bank $215,000 n/a 0.0%
21ST MORTGAGE CORPORATION $340,000 $210,000 -38.2% 0.0%
VILLAGE CAPITAL MORTGAGE $875,000 $210,000 -76.0% 0.0%
Century Mortgage Company DBA Century Lending Company $205,000 n/a 0.0%
Farmers & Merchants Savings Bank $205,000 n/a 0.0%
Third Federal Savings and Loan Association of Cleveland $205,000 n/a 0.0%
Equity Prime Mortgage LLC $355,000 $195,000 -45.1% 0.0%
PLANET HOME LENDING, LLC $195,000 n/a 0.0%
Texana Bank $195,000 n/a 0.0%
Axos Bank $215,000 $185,000 -14.0% 0.0%
Heritage Bank $1,285,000 $185,000 -85.6% 0.0%
NATIONS RELIABLE LENDING, LLC $175,000 n/a 0.0%
Carrollton Bank $165,000 n/a 0.0%
Magnolia Bank $840,000 $165,000 -80.4% 0.0%
ON Q FINANCIAL, INC. $500,000 $165,000 -67.0% 0.0%
PHH Mortgage Corporation $580,000 $165,000 -71.6% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $155,000 n/a 0.0%
IOWA BANKERS MORTGAGE CORPORATION $155,000 n/a 0.0%
S1L, Inc. $155,000 n/a 0.0%
Tradition Mortgage, LLC $1,510,000 $155,000 -89.7% 0.0%
HOMEXPRESS MORTGAGE CORP. $145,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $75,000 $145,000 93.3% 0.0%
Cache Valley Bank $135,000 n/a 0.0%
RiverWood Bank $370,000 $135,000 -63.5% 0.0%
FINANCE OF AMERICA REVERSE LLC $125,000 n/a 0.0%
BNC National Bank $980,000 $115,000 -88.3% 0.0%
M&T Bank $165,000 $115,000 -30.3% 0.0%
HIWAY $110,000 n/a 0.0%
CITIZENS EQUITY FIRST $105,000 n/a 0.0%
Deerwood Bank $395,000 $105,000 -73.4% 0.0%
FirstBank $1,120,000 $105,000 -90.6% 0.0%
Baxter Credit Union $1,375,000 $75,000 -94.5% 0.0%
RAILWAY CREDIT UNION $360,000 $65,000 -81.9% 0.0%
QUORUM FEDERAL CREDIT UNION $55,000 n/a 0.0%
BANKWEST, INC. $35,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $35,000 n/a 0.0%
SPRING EQ, LLC $25,000 n/a 0.0%

FARGO's top lender by overall market share is Gate City Bank, with 16.5% market share. In second place, with 12.4%, is Bell Bank, having originated $225,020,000 in loans. In third place, with 5.5%, is First International Bank & Trust, having originated $99,210,000 in loans. In fourth place, with 5.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $94,380,000 in loans. In fifth place, with 4.0%, is Western State Bank, having originated $73,525,000 in loans.


FARGO Housing Market Trends (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 $259,875 (2.4%) $302,763 (-1.4%) 0.96 848
2018-02-01 $254,923 (-1.9%) $302,147 (-8.2%) 0.93 870
2018-03-01 $256,731 (-4.3%) $302,402 (-9.0%) 0.90 873
2018-04-01 $260,031 (-3.7%) $308,176 (-7.5%) 0.88 930
2018-05-01 $260,772 (-4.9%) $309,626 (-5.2%) 0.87 1,051
2018-06-01 $262,950 (-2.8%) $306,589 (-5.6%) 0.88 1,132
2018-07-01 $260,028 (-2.3%) $302,992 (-6.0%) 0.87 1,167
2018-08-01 $259,900 (2.0%) $302,860 (-0.4%) 0.87 1,206
2018-09-01 $254,990 (1.3%) $302,135 (0.2%) 0.86 1,233
2018-10-01 $250,672 (-0.1%) $299,192 (-0.6%) 0.85 1,217
2018-11-01 $249,900 (-1.7%) $300,693 (1.1%) 0.85 1,154
2018-12-01 $249,900 (-2.4%) $300,615 (1.0%) 0.86 1,014
2019-01-01 $249,900 (-3.8%) $302,671 (0.0%) 0.86 893
2019-02-01 $258,120 (1.3%) $307,307 (1.7%) 0.87 914
2019-03-01 $259,734 (1.2%) $310,018 (2.5%) 0.85 984
2019-04-01 $261,197 (0.5%) $312,610 (1.4%) 0.83 1,074
2019-05-01 $263,125 (0.9%) $310,015 (0.1%) 0.82 1,229
2019-06-01 $259,900 (-1.2%) $306,864 (0.1%) 0.81 1,296
2019-07-01 $259,409 (-0.2%) $305,120 (0.7%) 0.81 1,307
2019-08-01 $252,793 (-2.7%) $299,375 (-1.2%) 0.80 1,341
2019-09-01 $249,634 (-2.1%) $294,773 (-2.4%) 0.80 1,366
2019-10-01 $247,029 (-1.5%) $290,375 (-3.0%) 0.80 1,383
2019-11-01 $245,000 (-2.0%) $287,972 (-4.2%) 0.80 1,292
2019-12-01 $240,813 (-3.6%) $288,241 (-4.1%) 0.80 1,113
2020-01-01 $239,945 (-4.0%) $290,503 (-4.0%) 0.80 954
2020-02-01 $245,000 (-5.1%) $294,462 (-4.2%) 0.80 896
2020-03-01 $249,950 (-3.8%) $295,028 (-4.8%) 0.78 925
2020-04-01 $259,700 (-0.6%) $300,764 (-3.8%) 0.81 947
2020-05-01 $264,900 (0.7%) $306,507 (-1.1%) 0.81 933
2020-06-01 $269,925 (3.9%) $316,753 (3.2%) 0.80 932
2020-07-01 $269,900 (4.0%) $317,613 (4.1%) 0.78 872
2020-08-01 $269,900 (6.8%) $324,959 (8.6%) 0.77 875
2020-09-01 $269,881 (8.1%) $319,652 (8.4%) 0.77 848
2020-10-01 $269,778 (9.2%) $315,867 (8.8%) 0.77 812
2020-11-01 $269,545 (10.0%) $310,647 (7.9%) 0.79 749
2020-12-01 $271,912 (12.9%) $310,338 (7.7%) 0.81 662
2021-01-01 $278,943 (16.3%) $323,634 (11.4%) 0.83 537
2021-02-01 $295,236 (20.5%) $343,026 (16.5%) 0.86 454
2021-03-01 $296,554 (18.7%) $338,955 (14.9%) 0.84 438
2021-04-01 $302,000 (16.3%) $347,715 (15.6%) 0.82 455
2021-05-01 $315,000 (18.9%) $358,070 (16.8%) 0.84 451
2021-06-01 $318,700 (18.1%) $359,532 (13.5%) 0.84 506
2021-07-01 $319,950 (18.5%) $357,813 (12.7%) 0.84 532
2021-08-01 $317,400 (17.6%) $358,237 (10.2%) 0.85 560
2021-09-01 $318,633 (18.1%) $348,420 (9.0%) 0.85 561
2021-10-01 $327,055 (21.2%) $350,217 (10.9%) 0.87 544
2021-11-01 $328,495 (21.9%) $351,257 (13.1%) 0.88 506
2021-12-01 $338,995 (24.7%) $361,565 (16.5%) 0.92 416
2022-01-01 $345,000 (23.7%) $360,013 (11.2%) 0.93 364
2022-02-01 $349,950 (18.5%) $385,380 (12.4%) 0.91 351
2022-03-01 $366,835 (23.7%) $429,715 (26.8%) 0.92 338
2022-04-01 $370,000 (22.5%) $426,661 (22.7%) 0.88 378
2022-05-01 $371,366 (17.9%) $418,168 (16.8%) 0.85 476
2022-06-01 $362,752 (13.8%) $409,167 (13.8%) 0.81 540
2022-07-01 $369,350 (15.4%) $419,740 (17.3%) 0.83 553
2022-08-01 $364,325 (14.8%) $419,626 (17.1%) 0.84 571
2022-09-01 $359,910 (13.0%) $409,412 (17.5%) 0.84 636
2022-10-01 $354,911 (8.5%) $403,402 (15.2%) 0.84 670
2022-11-01 $353,955 (7.8%) $404,681 (15.2%) 0.85 711
2022-12-01 $354,900 (4.7%) $398,181 (10.1%) 0.88 680
2023-01-01 $364,978 (5.8%) $412,112 (14.5%) 0.90 596
2023-02-01 $377,225 (7.8%) $425,879 (10.5%) 0.91 542
2023-03-01 $380,893 (3.8%) $434,033 (1.0%) 0.90 546
2023-04-01 $382,465 (3.4%) $441,858 (3.6%) 0.89 551
2023-05-01 $389,900 (5.0%) $449,183 (7.4%) 0.88 621
2023-06-01 $389,900 (7.5%) $449,646 (9.9%) 0.88 659
2023-07-01 $385,000 (4.2%) $441,257 (5.1%) 0.88 672
2023-08-01 $372,546 (2.3%) $433,623 (3.3%) 0.86 735
2023-09-01 $364,900 (1.4%) $409,719 (0.1%) 0.85 868
2023-10-01 $357,843 (0.8%) $403,301 (0.0%) 0.84 858
2023-11-01 $354,975 (0.3%) $403,984 (-0.2%) 0.85 861
2023-12-01 $360,350 (1.5%) $410,772 (3.2%) 0.88 734
2024-01-01 $359,900 (-1.4%) $413,610 (0.4%) 0.88 642
FARGO's median listing price for 2024-01-01 was $359,900, a difference of $-5,078 (-1.4%) versus the prior year and $-450 versus the prior month.

FARGO's median listing price comes in at 88% of the national average.

FARGO's average listing price for 2024-01-01 was $413,610, a difference of $1,498 (0.4%) versus the prior year and $2,838 versus the prior month.

For the 2024-01-01 period, FARGO had 642 MLS listings, a difference of -92 listings (-13%) versus the prior month and 46 listings (8%) 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 88 days 2,339 sqft
2018-02-01 48 days 2,298 sqft
2018-03-01 53 days 2,314 sqft
2018-04-01 46 days 2,347 sqft
2018-05-01 39 days 2,390 sqft
2018-06-01 40 days 2,399 sqft
2018-07-01 49 days 2,365 sqft
2018-08-01 55 days 2,352 sqft
2018-09-01 58 days 2,340 sqft
2018-10-01 65 days 2,317 sqft
2018-11-01 73 days 2,268 sqft
2018-12-01 85 days 2,240 sqft
2019-01-01 86 days 2,217 sqft
2019-02-01 78 days 2,230 sqft
2019-03-01 60 days 2,242 sqft
2019-04-01 46 days 2,255 sqft
2019-05-01 39 days 2,256 sqft
2019-06-01 46 days 2,274 sqft
2019-07-01 57 days 2,296 sqft
2019-08-01 58 days 2,274 sqft
2019-09-01 60 days 2,255 sqft
2019-10-01 61 days 2,234 sqft
2019-11-01 69 days 2,230 sqft
2019-12-01 87 days 2,201 sqft
2020-01-01 95 days 2,201 sqft
2020-02-01 91 days 2,201 sqft
2020-03-01 65 days 2,213 sqft
2020-04-01 59 days 2,237 sqft
2020-05-01 57 days 2,274 sqft
2020-06-01 45 days 2,340 sqft
2020-07-01 46 days 2,340 sqft
2020-08-01 51 days 2,345 sqft
2020-09-01 50 days 2,340 sqft
2020-10-01 57 days 2,296 sqft
2020-11-01 67 days 2,225 sqft
2020-12-01 83 days 2,214 sqft
2021-01-01 71 days 2,239 sqft
2021-02-01 47 days 2,355 sqft
2021-03-01 47 days 2,360 sqft
2021-04-01 36 days 2,324 sqft
2021-05-01 33 days 2,341 sqft
2021-06-01 32 days 2,349 sqft
2021-07-01 38 days 2,343 sqft
2021-08-01 44 days 2,401 sqft
2021-09-01 53 days 2,383 sqft
2021-10-01 60 days 2,396 sqft
2021-11-01 62 days 2,389 sqft
2021-12-01 80 days 2,438 sqft
2022-01-01 75 days 2,417 sqft
2022-02-01 58 days 2,410 sqft
2022-03-01 56 days 2,372 sqft
2022-04-01 38 days 2,332 sqft
2022-05-01 30 days 2,359 sqft
2022-06-01 34 days 2,318 sqft
2022-07-01 44 days 2,326 sqft
2022-08-01 46 days 2,318 sqft
2022-09-01 43 days 2,258 sqft
2022-10-01 51 days 2,250 sqft
2022-11-01 58 days 2,212 sqft
2022-12-01 71 days 2,183 sqft
2023-01-01 86 days 2,185 sqft
2023-02-01 86 days 2,190 sqft
2023-03-01 62 days 2,183 sqft
2023-04-01 57 days 2,190 sqft
2023-05-01 53 days 2,241 sqft
2023-06-01 51 days 2,341 sqft
2023-07-01 53 days 2,341 sqft
2023-08-01 57 days 2,267 sqft
2023-09-01 57 days 2,266 sqft
2023-10-01 61 days 2,251 sqft
2023-11-01 60 days 2,250 sqft
2023-12-01 72 days 2,242 sqft
2024-01-01 76 days 2,200 sqft
FARGO's median listing age (time on market) for 2024-01-01 was 76 days. This is -12% shorter than the same period one year ago.

FARGO's median square footage for active listings during the 2024-01-01 period was 2,200 sqft. One year prior, the average listing was 2,185 sqft.

FARGO, ND-MN Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
56514 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
56519 Fargo, ND-MN $610 $720 $880 $1,250 $1,510
56525 Fargo, ND-MN $580 $690 $840 $1,190 $1,440
56529 Fargo, ND-MN $570 $670 $820 $1,160 $1,400
56536 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
56546 Fargo, ND-MN $610 $720 $880 $1,250 $1,510
56547 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
56549 Fargo, ND-MN $600 $710 $870 $1,240 $1,490
56552 Fargo, ND-MN $570 $670 $810 $1,160 $1,390
56554 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
56560 Fargo, ND-MN $580 $690 $840 $1,190 $1,440
56561 Fargo, ND-MN $610 $720 $880 $1,250 $1,510
56562 Fargo, ND-MN $610 $720 $880 $1,250 $1,510
56563 Fargo, ND-MN $610 $720 $880 $1,250 $1,510
56572 Fargo, ND-MN $610 $720 $880 $1,250 $1,510
56574 Fargo, ND-MN $610 $720 $880 $1,250 $1,510
56580 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
56584 Fargo, ND-MN $610 $720 $880 $1,250 $1,510
56585 Fargo, ND-MN $560 $660 $800 $1,140 $1,370
56594 Fargo, ND-MN $610 $720 $880 $1,250 $1,510
58002 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58004 Fargo, ND-MN $630 $740 $900 $1,280 $1,540
58005 Fargo, ND-MN $710 $830 $1,020 $1,440 $1,740
58006 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58007 Fargo, ND-MN $560 $660 $800 $1,140 $1,370
58011 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58012 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58015 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58021 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58027 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58029 Fargo, ND-MN $560 $650 $800 $1,130 $1,370
58031 Fargo, ND-MN $650 $760 $930 $1,320 $1,590
58035 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58036 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58038 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58042 Fargo, ND-MN $900 $1,060 $1,290 $1,830 $2,210
58045 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58046 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58047 Fargo, ND-MN $580 $690 $840 $1,190 $1,440
58048 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58051 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58052 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58059 Fargo, ND-MN $700 $830 $1,010 $1,430 $1,730
58064 Fargo, ND-MN $550 $650 $790 $1,130 $1,370
58068 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58071 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58078 Fargo, ND-MN $630 $750 $910 $1,290 $1,560
58079 Fargo, ND-MN $600 $700 $850 $1,210 $1,460
58102 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58103 Fargo, ND-MN $570 $670 $820 $1,160 $1,400
58104 Fargo, ND-MN $710 $840 $1,020 $1,450 $1,750
58105 Fargo, ND-MN $540 $650 $790 $1,130 $1,370
58106 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58107 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58108 Fargo, ND-MN $600 $710 $860 $1,220 $1,470
58109 Fargo, ND-MN $600 $710 $860 $1,220 $1,470

2022 Average & Median Rent Data Statistics
FARGO, ND-MN average 1BR rent: $701, median: $705
FARGO, ND-MN average 2BR rent: $853, median: $855
FARGO, ND-MN average 3BR rent: $1,214, median: $1,215

FARGO, ND-MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 4,041 $1,304,855,000 $322,904
Refi 766 $238,540,000 $311,410
Cash Out Refi 650 $176,740,000 $271,908
Home Improvement 580 $42,210,000 $72,776
Other 519 $57,325,000 $110,453

Fargo's most frequently cited loan purpose was Home Purchase, with 4,041 originations. The 2nd most popular reason was Refi, with 766 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 1,846 $528,270,000 $286,170
3-4% 1,666 $594,880,000 $357,071
5-6% 1,468 $324,660,000 $221,158
6-7% 617 $121,375,000 $196,718
2.5-3% 449 $122,135,000 $272,016
7-8% 146 $20,930,000 $143,356
<2.5% 121 $28,725,000 $237,397
Over 8% 42 $2,470,000 $58,810

During 2022, Fargo's most frequently originated rate bucket was 4-5%, with 1,846 originations.

Loan Sizing (FARGO, ND-MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 2,720 $752,650,000 $276,710
$100k-200k 1,773 $272,915,000 $153,928
$100,000 or less 1,349 $69,045,000 $51,182
$400k-600k 491 $232,485,000 $473,493
$600k-1000k 143 $99,435,000 $695,350
$Over $1MM 80 $393,140,000 $4,914,250

FARGO's loan sizing saw the bucket of loans from $200k-400k with 2,720 originations, totaling $752,650,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,720 $830,040,000 $305,162
60-80% 1,616 $633,830,000 $392,222
Under 20% 870 $38,920,000 $44,736
20-40% 584 $67,100,000 $114,897
40-60% 484 $141,510,000 $292,376
Over 100% 72 $30,070,000 $417,639

FARGO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,720 originations, totaling $830,040,000 in origination value.