North Dakota VA Loan Rates, Closing Costs & Stats

North Dakota

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    North Dakota VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in North Dakota averaged 6.1% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    North Dakota's average VA mortgage closing costs are $6,077.

    The average rate for the prior week (2025-03-28) was 6.02% and one month ago for the week of 2025-02-28, the average rate was 6%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.9%.

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

    North Dakota VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 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
    Mortgage Research Center, LLC 234 6.41% $5,476
    UNITED WHOLESALE MORTGAGE, LLC 121 6.03% $7,438
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 105 5.89% $6,670
    Gate City Bank 56 5.45% $10,311
    FREEDOM MORTGAGE CORPORATION 41 6.33% $8,647
    TOWN AND COUNTRY Credit Union 40 5.85% $6,701
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 39 5.94% $7,552
    USAA Federal Savings Bank 33 6.24% $8,586
    QUICKEN LOANS, LLC 32 6.34% $12,032
    NAVY FEDERAL CREDIT UNION 31 5.79% $6,983
    First International Bank & Trust 26 5.97% $9,699
    PENNYMAC LOAN SERVICES, LLC 22 5.68% $8,462
    GUARANTEED RATE, INC. 21 5.93% $6,192
    Barrington Bank & Trust Company, N.A. 18 5.97% $6,129
    NEWREZ LLC 17 6.01% $5,239
    Flagstar Bank, FSB 17 6.32% $6,170
    FIRST COMMUNITY CREDIT UNION 16 5.86% $7,534
    Dakota Community Bank & Trust 15 5.73% $7,402
    LOANDEPOT.COM, LLC 14 5.73% $11,790
    VALLEY MORTGAGE, INC. 13 5.60% $7,065
    PRIMARY RESIDENTIAL MORTGAGE, INC. 11 6.18% $11,367
    Cambria Financial Group, LLC 11 6.34% $9,478
    First Western Bank & Trust 10 5.86% $7,644
    Bank of England 9 6.72% $7,548
    U.S. Bank 9 6.57% $6,911
    CROSSCOUNTRY MORTGAGE, LLC 8 6.36% $5,363
    LAKEVIEW LOAN SERVICING, LLC 8 5.94% $5,318
    CAPITAL CREDIT UNION 7 6.04% $8,234
    Bremer Bank 7 5.93% $7,212
    VILLAGE CAPITAL MORTGAGE 7 5.89% $4,229
    The Federal Savings Bank 7 6.11% $15,096
    Mr. Cooper ( Nationstar Mortgage ) 7 5.89% $5,946
    Bell Bank 6 6.13% $5,440
    PLANET HOME LENDING, LLC 5 5.94% $4,564
    Plains Commerce Bank 5 6.03% $10,879
    NBKC BANK 4 6.06% $7,614
    Magnolia Bank 4 5.69% $19,106
    Dacotah Bank 4 6.12% $9,014
    MUTUAL OF OMAHA MORTGAGE, INC. 4 6.06% $12,207
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.66% $2,788
    Nations Lending Corporation 3 5.79% $4,592
    Century Mortgage Company DBA Century Lending Company 3 5.50% $5,070
    Western State Bank 3 6.21% $4,709
    Service Federal Credit Union 3 6.08% $5,461
    PREMIA MORTGAGE, LLC 2 5.94% $4,453
    BROKER SOLUTIONS, INC. 2 6.87% $8,275
    FIRST COLONY MORTGAGE CORPORATION 2 6.00% $10,484
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.25% $10,852
    Alerus Financial 2 6.75% $14,002
    SUN WEST MORTGAGE COMPANY, INC. 2 6.06% $42,391
    The Huntington National Bank 2 6.20% $7,253
    Wells Fargo Bank 2 6.13% $6,181
    Flanagan State Bank 1 6.63% $12,837
    Oakstar Bank 1 6.13% $6,562
    First Federal Bank 1 6.25% $13,296
    Farmers Bank & Trust 1 6.25% $6,650
    Equity Prime Mortgage LLC 1 5.88% $13,654
    PLAZA HOME MORTGAGE, INC. 1 5.99% $5,005
    PNC Bank 1 6.75% $19,327
    Willamette Valley Bank 1 6.13% $13,991
    Presidential Bank, FSB 1 6.75% $12,767
    DAS Acquisition Company, LLC 1 6.75% $3,359
    Prosperity Home Mortgage, LLC 1 5.25% $2,275
    CORNERSTONE HOME LENDING, INC. 1 6.13% $6,768
    CMG MORTGAGE, INC. 1 7.13% $4,810
    WESTERN COOPERATIVE CREDIT UNION 1 6.13% $13,016
    Texana Bank 1 6.49% $2,197
    BLACK HILLS FEDERAL CREDIT UNION 1 5.75% $3,539
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $2,258
    BAY EQUITY LLC 1 5.75% $4,294
    UNION HOME MORTGAGE CORP. 1 6.00% $2,991
    Armed Forces Bank 1 6.75% $12,936
    Ameris Bank 1 6.50% $20,096
    AMERISAVE MORTGAGE CORPORATION 1 6.00% $22,261
    AmeriHome Mortgage Company, LLC 1 5.50% $5,108
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.50% $29,634
    M&T Bank 1 6.13% $8,507
    MOVEMENT MORTGAGE, LLC 1 6.75% $8,014
    JPMorgan Chase Bank 1 6.25% $7,492
    GUILD MORTGAGE COMPANY 1 6.25% $12,142

    The top North Dakota VA lender as defined by loan originations is Mortgage Research Center, LLC, with 234 VA loans originated. Their average total fees are $5,476, which is $1,962 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee North Dakota VA lenders (with over 10 loans originated) are NEWREZ LLC ($5,239), Mortgage Research Center, LLC ($5,476), Barrington Bank & Trust Company, N.A. ($6,129), Flagstar Bank, FSB ($6,170) and GUARANTEED RATE, INC. ($6,192).

    The lowest rate North Dakota VA lenders (with over 10 loans originated) are Gate City Bank (5.45%), VALLEY MORTGAGE, INC. (5.60%), PENNYMAC LOAN SERVICES, LLC (5.68%), Dakota Community Bank & Trust (5.73%) and LOANDEPOT.COM, LLC (5.73%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.