FARGO Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Fargo averaged 6.81% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2023-11-22) was 6.48% and one month ago for the week of 2023-10-26, the average rate was 7.28%.

    Fargo's average rate one year ago was 5.97%.

    For refis of the same type during the week of 2023-11-30, the average rate was 6.25%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Fargo 30 Year Fixed Rate 2023-11-30 6.81%
    Fargo 30 Year Fixed Rate Refi 2023-11-30 6.25%
    Fargo 15 Year Fixed Rate 2023-11-30 6.18%
    Fargo 15 Year Fixed Rate Refi 2023-11-30 5.21%
    Fargo 30 Year FHA 2023-11-30 6.28%
    Fargo 30 Year FHA Refi 2023-11-30 7.15%
    Fargo 30 Year USDA 2023-11-30 7.2%
    Fargo 30 Year USDA Refi 2023-11-30 6.8%
    Fargo 30 Year VA 2023-11-30 6.46%
    Fargo 30 Year VA Refi 2023-11-30 6.57%
    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 $260,581 (-4.9%) $309,505 (-5.3%) 0.87 1,051
    2018-06-01 $262,950 (-2.8%) $306,589 (-5.6%) 0.88 1,132
    2018-07-01 $259,775 (-2.4%) $302,795 (-6.0%) 0.87 1,166
    2018-08-01 $259,900 (2.0%) $302,670 (-0.5%) 0.87 1,205
    2018-09-01 $254,945 (1.3%) $301,955 (0.2%) 0.86 1,232
    2018-10-01 $250,336 (-0.3%) $299,035 (-0.6%) 0.85 1,216
    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 (1.0%) $310,015 (0.2%) 0.82 1,229
    2019-06-01 $259,900 (-1.2%) $306,864 (0.1%) 0.81 1,296
    2019-07-01 $259,409 (-0.1%) $305,120 (0.8%) 0.81 1,307
    2019-08-01 $252,793 (-2.7%) $299,375 (-1.1%) 0.80 1,341
    2019-09-01 $249,634 (-2.1%) $294,773 (-2.4%) 0.80 1,366
    2019-10-01 $247,029 (-1.3%) $290,375 (-2.9%) 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%) $449,340 (7.5%) 0.88 620
    2023-06-01 $389,900 (7.5%) $450,484 (10.1%) 0.88 656
    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
    FARGO's median listing price for 2023-11-01 was $354,975, a difference of $1,020 (0.3%) versus the prior year and $-2,868 versus the prior month.

    FARGO's median listing price comes in at 85% of the national average.

    FARGO's average listing price for 2023-11-01 was $403,984, a difference of $-697 (-0.2%) versus the prior year and $683 versus the prior month.

    For the 2023-11-01 period, FARGO had 861 MLS listings, a difference of 3 listings (0%) versus the prior month and 150 listings (21%) 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 2,363 sqft
    2018-08-01 55 days 2,352 sqft
    2018-09-01 58 days 2,340 sqft
    2018-10-01 65 days 2,315 sqft
    2018-11-01 73 days 2,266 sqft
    2018-12-01 85 days 2,239 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 2,272 sqft
    2019-09-01 60 days 2,254 sqft
    2019-10-01 61 days 2,234 sqft
    2019-11-01 69 days 2,229 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 2,212 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 2,340 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
    FARGO's median listing age (time on market) for 2023-11-01 was 60 days. This is 3% longer than the same period one year ago.

    FARGO's median square footage for active listings during the 2023-11-01 period was 2,250 sqft. One year prior, the average listing was 2,212 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.