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 5.96% for the week of 2025-03-14, compared to the national average (all VA variants) of 6.169% for the same period.

    North Dakota's average VA mortgage closing costs are $5,905.

    The average rate for the prior week (2025-03-07) was 6% and one month ago for the week of 2025-02-07, the average rate was 6.55%.

    The average rate one year ago was 6.14%.

    For refis of the same type during the week of 2025-03-14, the average rate was 6.43%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 156 6.81% $5,920
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 91 6.22% $6,566
    UNITED WHOLESALE MORTGAGE, LLC 63 6.18% $7,114
    Gate City Bank 59 5.96% $7,731
    TOWN AND COUNTRY Credit Union 44 5.71% $6,232
    QUICKEN LOANS, LLC 34 6.23% $11,665
    USAA Federal Savings Bank 27 6.67% $6,877
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 21 6.62% $11,044
    First International Bank & Trust 19 5.98% $5,039
    First Western Bank & Trust 17 6.15% $6,299
    NAVY FEDERAL CREDIT UNION 17 5.83% $6,265
    Barrington Bank & Trust Company, N.A. 16 6.35% $6,230
    FREEDOM MORTGAGE CORPORATION 14 6.83% $11,297
    GUARANTEED RATE, INC. 14 6.33% $5,531
    FIRST COMMUNITY CREDIT UNION 12 5.89% $6,427
    VALLEY MORTGAGE, INC. 12 6.24% $9,067
    Flagstar Bank, FSB 12 6.46% $8,354
    The Federal Savings Bank 11 6.30% $16,432
    Wells Fargo Bank 10 5.74% $7,847
    Dakota Community Bank & Trust 10 5.65% $8,465
    PENNYMAC LOAN SERVICES, LLC 10 5.54% $8,096
    CAPITAL CREDIT UNION 9 6.11% $12,754
    LOANDEPOT.COM, LLC 9 5.88% $10,917
    Mr. Cooper ( Nationstar Mortgage ) 8 5.89% $12,364
    Dacotah Bank 7 6.41% $4,893
    U.S. Bank 7 6.16% $6,937
    BROKER SOLUTIONS, INC. 5 5.98% $10,846
    NEWREZ LLC 5 6.20% $7,617
    Nations Lending Corporation 5 6.21% $7,865
    The Huntington National Bank 5 6.23% $7,764
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.05% $8,741
    PREMIER MORTGAGE RESOURCES, L.L.C. 5 6.60% $9,367
    Bank of England 5 6.83% $5,505
    PENTAGON FEDERAL CREDIT UNION 4 5.28% $10,434
    American Bank Center 4 5.94% $6,501
    NBKC BANK 4 5.47% $4,705
    Plains Commerce Bank 3 6.67% $8,786
    VILLAGE CAPITAL MORTGAGE 3 6.42% $7,481
    Unify Home Lending Inc. 3 6.49% $5,254
    CRESCENT MORTGAGE COMPANY 3 6.46% $8,159
    JPMorgan Chase Bank 3 6.54% $2,278
    BAY EQUITY LLC 3 6.71% $15,939
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.56% $10,157
    AMCAP MORTGAGE, LTD. 2 6.13% $20,720
    LAKEVIEW LOAN SERVICING, LLC 2 5.75% $17,705
    Citizens Bank 2 5.88% $7,480
    TOWNE MORTGAGE COMPANY 2 7.06% $12,762
    AMERISAVE MORTGAGE CORPORATION 2 5.94% $12,464
    Western State Bank 2 6.75% $1,926
    Bell Bank 2 6.88% $4,050
    Armed Forces Bank 2 5.63% $14,586
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $3,781
    Bank of America 1 6.63% $4,746
    BNC National Bank 1 6.38% $16,834
    Bremer Bank 1 6.75% $5,655
    CARDINAL FINANCIAL 1 5.50% $5,947
    CITYWIDE HOME LOANS, LLC 1 6.75% $16,444
    CORNERSTONE HOME LENDING, INC. 1 6.63% $16,609
    CROSSCOUNTRY MORTGAGE, LLC 1 7.13% $26,705
    DAS Acquisition Company, LLC 1 7.75% $750
    Equity Prime Mortgage LLC 1 7.38% $5,796
    First Bank & Trust 1 5.50% $7,059
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $800
    First Federal Bank 1 6.75% $6,483
    Gateway First Bank 1 6.75% $771
    GUARANTEED RATE AFFINITY, LLC 1 6.75% $413
    MOVEMENT MORTGAGE, LLC 1 6.13% $12,667
    Alerus Financial 1 6.25% $366
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $8,061
    Prosperity Home Mortgage, LLC 1 6.63% $1,988
    Servion, Inc. 1 6.25% $4,365
    WESTERN COOPERATIVE CREDIT UNION 1 6.00% $14,707
    West Gate Bank 1 6.99% $3,390

    The top North Dakota VA lender as defined by loan originations is Mortgage Research Center, LLC, with 156 VA loans originated. Their average total fees are $5,920, which is $646 lower than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

    The lowest fee North Dakota VA lenders (with over 10 loans originated) are First International Bank & Trust ($5,039), GUARANTEED RATE, INC. ($5,531), Mortgage Research Center, LLC ($5,920), Barrington Bank & Trust Company, N.A. ($6,230) and TOWN AND COUNTRY Credit Union ($6,232).

    The lowest rate North Dakota VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.54%), Dakota Community Bank & Trust (5.65%), TOWN AND COUNTRY Credit Union (5.71%), Wells Fargo Bank (5.74%) and NAVY FEDERAL CREDIT UNION (5.83%).

    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.