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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Gate City Bank 970 2.76% $4,886
Bell Bank 654 2.97% $2,932
VALLEY MORTGAGE, INC. 375 2.86% $3,797
UNITED WHOLESALE MORTGAGE, LLC 290 2.97% $4,368
First International Bank & Trust 285 2.97% $3,053
TOWN AND COUNTRY Credit Union 262 2.78% $3,759
Wells Fargo Bank 225 3.02% $3,678
Western State Bank 220 3.01% $2,874
FIRST COMMUNITY CREDIT UNION 155 2.89% $4,509
QUICKEN LOANS, LLC 144 3.05% $4,920
Bremer Bank 144 3.11% $4,437
CALIBER HOME LOANS, INC. 135 3.05% $4,209
Alerus Financial 130 2.97% $2,184
U.S. Bank 130 3.05% $3,469
First Western Bank & Trust 121 2.81% $3,743
CAPITAL CREDIT UNION 74 2.74% $4,618
Choice Financial Group 60 2.92% $4,123
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 50 3.18% $4,116
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 44 3.10% $3,885
LOANDEPOT.COM, LLC 42 2.95% $4,407
Starion Bank 38 2.85% $4,142
PARKSIDE LENDING, LLC 27 2.95% $4,333
AMERISAVE MORTGAGE CORPORATION 26 2.87% $4,230
Flagstar Bank, FSB 26 3.25% $4,087
ARK-LA-TEX FINANCIAL SERVICES, LLC. 25 3.08% $3,912
PENNYMAC LOAN SERVICES, LLC 25 3.07% $4,428
CENTRAL MINNESOTA Credit Union 24 3.12% $3,146
Merchants Bank 19 2.97% $5,099
Deere Employees Credit Union 19 2.48% $2,817
GUARANTEED RATE, INC. 19 3.09% $4,322
BETTER MORTGAGE CORPORATION 19 2.86% $2,302
HOME POINT FINANCIAL CORPORATION 17 2.92% $3,183
AFFINITY PLUS 16 3.10% $4,394
FINANCE OF AMERICA MORTGAGE LLC 15 3.02% $4,140
First Savings Bank 15 3.17% $4,727
JPMorgan Chase Bank 14 2.86% $3,268
BROKER SOLUTIONS, INC. 12 3.07% $3,939
Mr. Cooper ( Nationstar Mortgage ) 11 3.31% $4,246
Plains Commerce Bank 10 3.06% $5,368
Bank Forward 9 3.01% $4,738
The Huntington National Bank 9 3.10% $3,868
Bank of the West 8 3.30% $3,253
Bank of America 5 2.70% $6,824
FREEDOM MORTGAGE CORPORATION 5 3.20% $1,382
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.25% $2,630
CRESCENT MORTGAGE COMPANY 4 2.97% $4,185
Ally Bank 4 2.78% $3,039
Servion, Inc. 4 3.03% $4,186
SOFI LENDING CORP. 4 2.81% $3,657
NBKC BANK 4 3.22% $2,317
Baxter Credit Union 4 2.91% $7,046
Barrington Bank & Trust Company, N.A. 4 2.84% $5,676
Lend Smart Mortgage, LLC 4 3.34% $3,872
HOMESIDE FINANCIAL, LLC 4 3.53% $4,178
HOMEOWNERS FINANCIAL GROUP USA, LLC 4 3.28% $3,758
CROSSCOUNTRY MORTGAGE, LLC 3 3.12% $4,491
FirstBank 3 3.08% $1,461
American Bank Center 3 2.79% $5,504
AmeriHome Mortgage Company, LLC 3 2.99% $2,279
AMERICAN FINANCING CORPORATION 3 2.79% $4,250
American Mortgage & Equity Consultants, Inc. 3 3.13% $2,415
The Federal Savings Bank 3 3.25% $3,374
Mortgage Research Center, LLC 3 3.12% $2,752
NAVY FEDERAL CREDIT UNION 3 3.33% $4,549
AMERICAN INTERNET MORTGAGE, INC. 3 2.83% $2,770
TCF National Bank 3 2.92% $3,444
Bank of England 2 3.31% $3,789
BAY EQUITY LLC 2 3.19% $2,686
BNC National Bank 2 3.06% $3,316
Dakota Community Bank & Trust 2 2.87% $4,763
First Bank & Trust 2 2.56% $5,118
First PREMIER Bank 2 2.69% $3,931
Florida Capital Bank 2 2.81% $4,437
Great Western Bank 2 3.19% $4,676
GUARANTEED RATE AFFINITY, LLC 2 2.88% $3,450
InterContinental Capital Group, Inc 2 3.19% $2,299
KELLER MORTGAGE, LLC 2 3.00% $2,659
MEGASTAR FINANCIAL CORP. 2 3.31% $3,399
NEWREZ LLC 2 3.44% $2,664
PREMIA MORTGAGE, LLC 2 2.87% $107
Prosperity Home Mortgage, LLC 2 3.06% $2,777
Stifel Bank and Trust 2 2.88% $3,098
THRIVENT Federal Credit Union 2 3.13% $3,148
Wyndham Capital Mortgage, Inc. 2 2.81% $2,138
ZILLOW HOME LOANS, LLC 2 2.81% $4,192
HomeTown Bank 1 3.00% $2,852
Hometown Lenders, Inc. 1 3.25% $3,126
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 2.88% $3,655
First Federal Bank of Kansas City 1 3.00% $2,793
UBS Bank USA 1 2.38% $4,351
KS StateBank 1 3.13% $2,751
Lake Area Bank 1 3.00% $4,677
LEADERONE FINANCIAL CORPORATION 1 3.13% $3,301
First Federal Bank 1 3.38% $5,270
EMBRACE HOME LOANS, INC. 1 3.38% $2,677
Associated Bank 1 3.13% $2,091
Discover Bank 1 3.99% $0
MidWestOne Bank 1 3.63% $3,673
Deerwood Bank 1 2.88% $7,407
Mortgages Unlimited Inc. 1 3.25% $5,110
MOVEMENT MORTGAGE, LLC 1 2.88% $5,471
Dacotah Bank 1 3.30% $1,865
Core Bank 1 3.12% $2,481
Connexus Credit Union 1 3.75% $2,132
COMPEER FINANCIAL, FLCA 1 3.38% $5,364
Arvest Bank 1 2.88% $3,634
North American Savings Bank, F.S.B. 1 2.38% $8,473
Northview Bank 1 3.25% $3,569
ON Q FINANCIAL, INC. 1 3.75% $5,612
Colonial Savings, F.A. 1 2.88% $5,392
Citizens Bank 1 3.13% $2,523
PENTAGON FEDERAL CREDIT UNION 1 2.88% $1,428
Citibank 1 3.38% $2,580
PNC Bank 1 3.38% $3,125
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 5.88% $3,316
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 2.50% $5,349
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.38% $2,960
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.38% $3,023
Providence Bank 1 2.75% $2,992
PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.88% $2,316
CHERRY CREEK MORTGAGE, LLC 1 3.00% $823
Raymond James Bank 1 2.88% $3,459
RBC Bank, (Georgia) 1 3.63% $1,760
Reliabank Dakota 1 2.38% $7,752
Cf Bank 1 2.75% $2,103
Sierra Pacific Mortgage Company, Inc. 1 3.25% $2,844
Central Bank Illinois 1 3.25% $2,189
CELEBRITY HOME LOANS, LLC 1 3.13% $4,035
STEARNS LENDING, LLC 1 2.88% $2,019
American Bank of the North 1 3.00% $6,197
SUN WEST MORTGAGE COMPANY, INC. 1 2.63% $3,696
Carrington Mortgage Services, LLC 1 3.25% $4,736
BLACK HILLS FEDERAL CREDIT UNION 1 2.99% $3,498
BankVista 1 3.00% $5,380
WINGS FINANCIAL 1 3.25% $3,071
Great Southern Bank 1 3.34% $2,955
ADVANCIAL 1 3.38% $3,269
Tradition Mortgage, LLC 1 2.99% $3,232
Frandsen Bank & Trust 1 3.13% $4,279
GUARANTY HOME MORTGAGE CORPORATION 1 3.25% $4,782
HANCOCK MORTGAGE PARTNERS, LLC 1 3.75% $4,204
Heritage Bank 1 3.00% $4,293
First Horizon Bank 1 3.00% $3,093
First Home Bank 1 2.88% $7,787
First Guaranty Mortgage Corporation 1 2.63% $5,164
HOMESTAR FINANCIAL CORPORATION 1 3.00% $4,667
HOMESTEAD FUNDING CORP. 1 2.75% $3,010

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.

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.