North Dakota FHA Loan Rates, Closing Costs & Stats

North Dakota

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    North Dakota FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in North Dakota averaged 6.27% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    North Dakota's average FHA mortgage closing costs are $7,620.

    The average rate for the prior week (2025-03-28) was 6.07% and one month ago for the week of 2025-02-28, the average rate was 6.15%.

    The average rate one year ago was 6.27%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.97%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    North Dakota FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the North Dakota level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 163 6.30% $10,984
    Gate City Bank 153 5.60% $9,727
    QUICKEN LOANS, LLC 106 6.40% $11,018
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 97 6.05% $6,692
    UNITED WHOLESALE MORTGAGE, LLC 72 6.33% $10,683
    First International Bank & Trust 47 6.03% $9,290
    FIRST COMMUNITY CREDIT UNION 41 5.59% $7,379
    Nations Lending Corporation 40 6.01% $5,920
    Dakota Community Bank & Trust 37 5.76% $9,832
    FREEDOM MORTGAGE CORPORATION 36 6.22% $11,290
    Flagstar Bank, FSB 33 6.12% $9,247
    VALLEY MORTGAGE, INC. 32 5.85% $6,824
    GUARANTEED RATE, INC. 32 6.50% $12,109
    LOANDEPOT.COM, LLC 29 6.68% $11,708
    U.S. Bank 29 6.22% $8,339
    TOWN AND COUNTRY Credit Union 28 5.88% $10,752
    PRIMARY RESIDENTIAL MORTGAGE, INC. 22 6.04% $9,027
    Bank of England 22 6.72% $10,426
    FIRST COLONY MORTGAGE CORPORATION 21 6.21% $12,786
    WESTERN COOPERATIVE CREDIT UNION 20 5.92% $10,190
    V.I.P. MORTGAGE, INC. 17 6.29% $11,137
    BROKER SOLUTIONS, INC. 16 6.76% $10,923
    CROSSCOUNTRY MORTGAGE, LLC 15 6.56% $12,472
    GUILD MORTGAGE COMPANY 15 6.73% $12,926
    CAPITAL CREDIT UNION 14 6.02% $11,999
    Barrington Bank & Trust Company, N.A. 14 6.25% $8,602
    First Western Bank & Trust 13 5.68% $7,842
    NEWREZ LLC 12 6.49% $11,277
    MID AMERICA MORTGAGE, INC. 10 6.63% $7,558
    MUTUAL OF OMAHA MORTGAGE, INC. 9 6.49% $16,334
    PENNYMAC LOAN SERVICES, LLC 9 6.11% $10,880
    Cambria Financial Group, LLC 9 6.15% $11,905
    Alerus Financial 8 6.26% $4,931
    CARDINAL FINANCIAL 8 6.80% $13,669
    Mr. Cooper ( Nationstar Mortgage ) 8 6.80% $13,758
    Starion Bank 8 5.87% $7,948
    BAY EQUITY LLC 8 6.36% $10,538
    Plains Commerce Bank 7 6.46% $9,362
    Century Mortgage Company DBA Century Lending Company 7 6.79% $9,804
    SUN WEST MORTGAGE COMPANY, INC. 6 6.40% $9,070
    Western State Bank 6 6.35% $7,389
    Bremer Bank 6 6.18% $6,823
    Dacotah Bank 5 5.98% $4,256
    PLANET HOME LENDING, LLC 5 5.45% $5,853
    Bell Bank 5 6.45% $9,795
    TOWNE MORTGAGE COMPANY 5 6.35% $11,963
    AMERICAN FINANCING CORPORATION 5 5.42% $16,097
    Equity Prime Mortgage LLC 4 7.88% $12,739
    LAKEVIEW LOAN SERVICING, LLC 4 6.28% $9,293
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.44% $6,300
    Mortgage Research Center, LLC 3 6.75% $8,454
    ON Q FINANCIAL, INC. 3 6.54% $7,680
    Servion, Inc. 3 6.75% $6,502
    Presidential Bank, FSB 2 6.75% $11,068
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.00% $9,248
    AmeriHome Mortgage Company, LLC 2 6.13% $7,131
    AMERISAVE MORTGAGE CORPORATION 2 7.00% $11,815
    CANOPY MORTGAGE, LLC 2 6.31% $11,657
    JPMorgan Chase Bank 2 7.37% $7,277
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.50% $13,935
    SeaTrust Mortgage Company 2 7.44% $9,745
    VILLAGE CAPITAL MORTGAGE 2 6.75% $16,144
    Waterstone Mortgage Corporation 2 7.06% $11,805
    Wells Fargo Bank 2 6.13% $8,929
    PREMIA MORTGAGE, LLC 1 6.25% $7,838
    ALAMEDA MORTGAGE CORPORATION 1 6.63% $11,384
    GREENSTATE CREDIT UNION 1 6.13% $5,731
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $14,987
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $16,580
    ZILLOW HOME LOANS, LLC 1 7.25% $11,426
    Florida Capital Bank 1 6.63% $7,300
    Sierra Pacific Mortgage Company, Inc. 1 6.50% $4,843
    EVERETT FINANCIAL, INC. 1 6.00% $16,929
    ENVOY MORTGAGE, LTD 1 7.13% $9,238
    Cornerstone First Mortgage, Inc 1 7.63% $12,228
    Citizens Bank 1 6.50% $5,938
    Carrington Mortgage Services, LLC 1 6.25% $12,173
    CALCON MUTUAL MORTGAGE LLC 1 5.75% $15,482
    BETTER MORTGAGE CORPORATION 1 6.25% $11,958
    AXIA FINANCIAL, LLC 1 7.25% $12,572
    BANKWEST, INC. 1 5.75% $9,793
    Old National Bank 1 6.00% $11,738
    NBKC BANK 1 6.25% $13,798
    LEGEND LENDING CORPORATION 1 6.63% $11,682
    Ixonia Bank 1 6.63% $16,596
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.88% $10,246

    The top North Dakota FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 163 FHA loans originated. Their average total fees are $10,984, which is $1,257 higher than the next largest lender, Gate City Bank.

    The lowest fee North Dakota FHA lenders (with over 10 loans originated) are Nations Lending Corporation ($5,920), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($6,692), VALLEY MORTGAGE, INC. ($6,824), FIRST COMMUNITY CREDIT UNION ($7,379) and MID AMERICA MORTGAGE, INC. ($7,558).

    The lowest rate North Dakota FHA lenders (with over 10 loans originated) are FIRST COMMUNITY CREDIT UNION (5.59%), Gate City Bank (5.60%), First Western Bank & Trust (5.68%), Dakota Community Bank & Trust (5.76%) and VALLEY MORTGAGE, INC. (5.85%).

    North Dakota FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NON-METRO ADAMS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BARNES 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BENSON 2022 $420,680 $538,650 $651,050 $809,150
    DICKINSON, ND BILLINGS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BOTTINEAU 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BOWMAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BURKE 2022 $420,680 $538,650 $651,050 $809,150
    BISMARCK, ND BURLEIGH 2022 $420,680 $538,650 $651,050 $809,150
    FARGO, ND-MN CASS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CAVALIER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DICKEY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DIVIDE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DUNN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO EDDY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO EMMONS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FOSTER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GOLDEN VALLEY 2022 $420,680 $538,650 $651,050 $809,150
    GRAND FORKS, ND-MN GRAND FORKS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GRANT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GRIGGS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HETTINGER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO KIDDER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LAMOURE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LOGAN 2022 $420,680 $538,650 $651,050 $809,150
    MINOT, ND MCHENRY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MCINTOSH 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MCKENZIE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MCLEAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MERCER 2022 $420,680 $538,650 $651,050 $809,150
    BISMARCK, ND MORTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MOUNTRAIL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NELSON 2022 $420,680 $538,650 $651,050 $809,150
    BISMARCK, ND OLIVER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PEMBINA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PIERCE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RAMSEY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RANSOM 2022 $420,680 $538,650 $651,050 $809,150
    MINOT, ND RENVILLE 2022 $420,680 $538,650 $651,050 $809,150
    WAHPETON, ND-MN RICHLAND 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ROLETTE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SARGENT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SHERIDAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SIOUX 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SLOPE 2022 $420,680 $538,650 $651,050 $809,150
    DICKINSON, ND STARK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO STEELE 2022 $420,680 $538,650 $651,050 $809,150
    JAMESTOWN, ND STUTSMAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TOWNER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TRAILL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WALSH 2022 $420,680 $538,650 $651,050 $809,150
    MINOT, ND WARD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WELLS 2022 $420,680 $538,650 $651,050 $809,150
    WILLISTON, ND WILLIAMS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ADAMS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BARNES 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BENSON 2023 $472,030 $604,400 $730,525 $907,900
    DICKINSON, ND BILLINGS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BOTTINEAU 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BOWMAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BURKE 2023 $472,030 $604,400 $730,525 $907,900
    BISMARCK, ND BURLEIGH 2023 $472,030 $604,400 $730,525 $907,900
    FARGO, ND-MN CASS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CAVALIER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DICKEY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DIVIDE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DUNN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO EDDY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO EMMONS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FOSTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GOLDEN VALLEY 2023 $472,030 $604,400 $730,525 $907,900
    GRAND FORKS, ND-MN GRAND FORKS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GRANT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GRIGGS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HETTINGER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO KIDDER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LAMOURE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LOGAN 2023 $472,030 $604,400 $730,525 $907,900
    MINOT, ND MCHENRY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MCINTOSH 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MCKENZIE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MCLEAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MERCER 2023 $472,030 $604,400 $730,525 $907,900
    BISMARCK, ND MORTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MOUNTRAIL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NELSON 2023 $472,030 $604,400 $730,525 $907,900
    BISMARCK, ND OLIVER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PEMBINA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PIERCE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RAMSEY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RANSOM 2023 $472,030 $604,400 $730,525 $907,900
    MINOT, ND RENVILLE 2023 $472,030 $604,400 $730,525 $907,900
    WAHPETON, ND-MN RICHLAND 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ROLETTE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SARGENT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SHERIDAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SIOUX 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SLOPE 2023 $472,030 $604,400 $730,525 $907,900
    DICKINSON, ND STARK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO STEELE 2023 $472,030 $604,400 $730,525 $907,900
    JAMESTOWN, ND STUTSMAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TOWNER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TRAILL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WALSH 2023 $472,030 $604,400 $730,525 $907,900
    MINOT, ND WARD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WELLS 2023 $472,030 $604,400 $730,525 $907,900
    WILLISTON, ND WILLIAMS 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).