North Dakota Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in North Dakota averaged 6.45% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 6.84% and one month ago for the week of 2023-08-17, the average rate was 6.55%.

North Dakota's average rate one year ago was 5.58%.

For refis of the same type during the week of 2023-09-21, the average rate was 6.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
North Dakota 30 Year Fixed Rate 2023-09-21 6.45%
North Dakota 30 Year Fixed Rate Refi 2023-09-21 6.32%
North Dakota 15 Year Fixed Rate 2023-09-21 6.2%
North Dakota 15 Year Fixed Rate Refi 2023-09-21 5.61%
North Dakota 30 Year FHA 2023-09-21 6.59%
North Dakota 30 Year FHA Refi 2023-09-21 5.46%
North Dakota 30 Year USDA 2023-09-21 6.38%
North Dakota 30 Year USDA Refi 2023-09-21 6.82%
North Dakota 30 Year VA 2023-09-21 6.16%
North Dakota 30 Year VA Refi 2023-09-21 6.62%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within North Dakota.

North Dakota 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 North Dakota 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 1,240 4.20% $5,494
First International Bank & Trust 359 4.76% $4,487
UNITED WHOLESALE MORTGAGE, LLC 350 5.36% $4,965
Bell Bank 259 4.55% $4,230
FIRST COMMUNITY CREDIT UNION 217 4.84% $4,640
QUICKEN LOANS, LLC 216 4.83% $6,469
Wells Fargo Bank 184 4.59% $4,378
U.S. Bank 183 4.91% $3,872
TOWN AND COUNTRY Credit Union 175 4.56% $4,871
Bremer Bank 173 4.70% $5,349
VALLEY MORTGAGE, INC. 166 4.76% $4,092
Dakota Community Bank & Trust 156 4.75% $5,265
ARK-LA-TEX FINANCIAL SERVICES, LLC. 153 5.07% $4,167
American Bank Center 148 4.67% $4,864
CAPITAL CREDIT UNION 144 4.46% $5,651
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 143 5.16% $5,124
First Western Bank & Trust 136 4.78% $4,428
Western State Bank 117 4.99% $3,695
Choice Financial Group 115 4.38% $6,434
Alerus Financial 103 4.87% $3,627
CALIBER HOME LOANS, INC. 89 4.39% $4,216
Starion Bank 72 4.19% $5,050
Bank of England 70 5.23% $4,041
BNC National Bank 68 4.94% $5,117
GUARANTEED RATE, INC. 67 4.76% $6,792
LOANDEPOT.COM, LLC 66 4.72% $6,049
The Huntington National Bank 65 4.58% $4,067
Barrington Bank & Trust Company, N.A. 60 4.68% $5,519
Unify Home Lending Inc. 59 5.43% $4,121
Flagstar Bank, FSB 45 4.94% $5,728
WESTERN COOPERATIVE CREDIT UNION 44 4.77% $5,971
HOME POINT FINANCIAL CORPORATION 43 4.53% $5,673
Dacotah Bank 39 4.70% $3,841
Bank Forward 38 4.59% $3,378
Merchants Bank 37 4.72% $4,858
GUILD MORTGAGE COMPANY 36 4.82% $5,436
Plains Commerce Bank 34 4.91% $5,680
JPMorgan Chase Bank 34 4.60% $2,512
FINANCE OF AMERICA MORTGAGE LLC 32 4.96% $5,322
Servion, Inc. 31 5.04% $5,077
PENNYMAC LOAN SERVICES, LLC 28 4.55% $5,414
Deere Employees Credit Union 24 3.50% $3,024
Citizens Bank 22 4.34% $5,447
Florida Capital Bank 22 4.66% $5,257
CARDINAL FINANCIAL 20 4.53% $8,686
AMERISAVE MORTGAGE CORPORATION 20 4.06% $8,401
First Savings Bank 20 5.16% $5,178
Frandsen Bank & Trust 18 4.78% $4,346
Mr. Cooper ( Nationstar Mortgage ) 18 4.48% $6,999
AMCAP MORTGAGE, LTD. 17 5.33% $5,785
PRIMARY RESIDENTIAL MORTGAGE, INC. 14 5.02% $4,758
PREMIA MORTGAGE, LLC 13 4.58% $1,711
BROKER SOLUTIONS, INC. 13 4.83% $6,467
BETTER MORTGAGE CORPORATION 12 4.14% $4,504
Mortgage Research Center, LLC 11 5.56% $2,961
Union State Bank of Fargo 10 4.22% $4,355
ON Q FINANCIAL, INC. 9 6.22% $4,014
NAVY FEDERAL CREDIT UNION 9 5.51% $4,596
Ally Bank 8 4.36% $4,530
CROSSCOUNTRY MORTGAGE, LLC 7 5.02% $7,048
NEWREZ LLC 7 5.05% $5,255
CRESCENT MORTGAGE COMPANY 7 4.52% $5,706
Paramount Residential Mortgage Group, Inc. 6 5.21% $2,976
AMERICAN FINANCING CORPORATION 6 4.77% $5,927
MUTUAL OF OMAHA MORTGAGE, INC. 6 5.06% $6,362
ZILLOW HOME LOANS, LLC 6 5.19% $7,042
First Interstate Bank 6 4.54% $4,457
Stifel Bank and Trust 6 4.02% $2,826
Bank of America 6 4.90% $3,859
FREEDOM MORTGAGE CORPORATION 5 5.65% $6,741
Truist 5 4.10% $5,924
Bank of the West 5 3.98% $5,206
PNC Bank 5 4.90% $3,744
American Bank & Trust 4 5.06% $6,205
Discover Bank 4 4.74% $0
North American Savings Bank, F.S.B. 4 5.13% $3,878
FIRST COLONY MORTGAGE CORPORATION 4 6.31% $6,005
AmeriHome Mortgage Company, LLC 4 4.43% $3,907
LAKEVIEW LOAN SERVICING, LLC 4 3.94% $3,303
WINGS FINANCIAL 4 4.47% $2,536
Gateway First Bank 4 4.41% $2,935
BANKWEST, INC. 4 4.50% $4,153
BMO Harris Bank 3 5.25% $4,482
ALAMEDA MORTGAGE CORPORATION 3 6.00% $4,703
HOMESTAR FINANCIAL CORPORATION 3 5.67% $3,626
NBKC BANK 3 5.25% $3,191
Hometown Lenders, Inc. 3 4.75% $8,578
SOFI LENDING CORP. 3 3.83% $2,858
MORIA DEVELOPMENT, INC. 3 5.63% $6,932
American Mortgage & Equity Consultants, Inc. 3 4.58% $5,683
Prosperity Home Mortgage, LLC 3 5.54% $5,154
USAA Federal Savings Bank 3 6.13% $3,528
THRIVENT Federal Credit Union 3 4.79% $3,403
BAY EQUITY LLC 3 3.58% $7,152
GREAT RIVER FEDERAL CREDIT UNION 3 4.16% $3,047
Summit Mortgage Corporation 2 4.81% $5,428
AFFINITY PLUS 2 4.50% $3,709
AMERICAN FINANCIAL RESOURCES, INC. 2 3.87% $5,515
BOKF 2 3.88% $3,325
CENTRAL MINNESOTA Credit Union 2 4.75% $5,856
Century Mortgage Company DBA Century Lending Company 2 6.06% $3,541
CHURCHILL MORTGAGE CORPORATION 2 4.75% $4,011
City National Bank 2 3.05% $2,825
CORTRUST MORTGAGE, INC. 2 3.75% $4,431
Deerwood Bank 2 3.94% $5,075
FirstBank 2 3.94% $2,741
First Dakota National Bank 2 4.44% $4,456
First National Bank 2 4.50% $2,791
First PREMIER Bank 2 5.56% $4,496
GUARANTEED RATE AFFINITY, LLC 2 5.44% $2,423
Ixonia Bank 2 4.68% $9,079
Lend Smart Mortgage, LLC 2 4.38% $5,110
Morgan Stanley Private Bank 2 4.18% $3,393
PENTAGON FEDERAL CREDIT UNION 2 4.00% $1,845
PHH Mortgage Corporation 2 4.69% $8,103
PLANET HOME LENDING, LLC 2 3.81% $2,857
PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.38% $6,423
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.93% $8,684
RBC Bank, (Georgia) 2 5.50% $2,782
RESIDENTIAL BANCORP 2 8.88% $11,608
Stockman Bank of Montana 2 5.63% $7,068
21ST MORTGAGE CORPORATION 2 8.28% $5,009
Operating Engineers Local Union #3 1 4.50% $3,059
Paramount Bank 1 4.75% $2,454
LEADERONE FINANCIAL CORPORATION 1 3.63% $7,828
HOMESTEAD FUNDING CORP. 1 3.88% $2,770
BLACK HILLS FEDERAL CREDIT UNION 1 4.38% $4,235
Baxter Credit Union 1 5.75% $2,410
Home Federal Savings Bank 1 4.25% $6,109
Bank of Colorado 1 6.75% $3,710
Goldwater Bank, N.A. 1 3.50% $2,270
Goldman Sachs Bank USA 1 3.75% $6,394
Axos Bank 1 7.13% $2,878
FOUR POINTS 1 5.13% $2,647
ATLANTA POSTAL 1 4.75% $3,416
Fortress Bank 1 5.13% $3,892
First National Bank of Omaha 1 5.38% $3,045
Willamette Valley Bank 1 6.63% $6,789
Armed Forces Bank 1 6.13% $1,839
S1L, Inc. 1 4.75% $4,244
First National Bank of America 1 9.00% $7,995
Simmons Bank 1 5.13% $1,747
First Internet Bank of Indiana 1 5.00% $2,540
First Horizon Bank 1 5.50% $6,173
STAR ONE CREDIT UNION 1 2.38% $1,851
EVANSVILLE TEACHERS 1 3.25% $3,042
Wyndham Capital Mortgage, Inc. 1 2.88% $2,338
Summit Community Bank, Inc. 1 4.25% $2,985
ARC HOME LLC 1 4.00% $1,362
The Central Trust Bank 1 5.88% $3,595
Elements Financial Federal Credit Union 1 3.88% $5,394
DIGITAL Federal Credit Union 1 5.25% $5,227
TOP FLITE FINANCIAL, INC. 1 5.50% $6,578
TOWER 1 5.75% $2,833
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.13% $3,188
Colonial Savings, F.A. 1 3.75% $4,133
CMG MORTGAGE, INC. 1 6.13% $5,567
City Bank 1 4.25% $4,059
CHERRY CREEK MORTGAGE, LLC 1 5.00% $890
UNIVERSAL LENDING CORPORATION 1 7.13% $5,536
Charles Schwab Bank, SSB 1 3.35% $3,343
Nations Lending Corporation 1 3.88% $6,285
M&T Bank 1 6.75% $3,572
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.50% $3,303
Minnwest Bank 1 6.63% $3,955
MANN FINANCIAL INC. 1 5.13% $3,884
Northpointe Bank 1 4.88% $3,172
Northwest Bank 1 4.50% $5,312
Old National Bank 1 4.75% $2,912
Magnolia Bank 1 6.13% $6,997

North Dakota Average Closing Costs & Other Stats

North Dakota's 170 lenders originated 16,148 loans during 2022. The total origination value was $4,137,500,000, with an average loan value of $256,224.

North Dakota's average closing costs are $4,912.

The top North Dakota lender as defined by loan originations is Gate City Bank, with 1,240 loans originated. Their average total fees are $5,494, which is $1,007 higher than the next largest lender, First International Bank & Trust.

The lowest fee North Dakota lenders (with over 10 loans originated) are PREMIA MORTGAGE, LLC ($1,711), JPMorgan Chase Bank ($2,512), Mortgage Research Center, LLC ($2,961), Deere Employees Credit Union ($3,024) and Bank Forward ($3,378).

The lowest rate North Dakota lenders (with over 10 loans originated) are Deere Employees Credit Union (3.50%), AMERISAVE MORTGAGE CORPORATION (4.06%), BETTER MORTGAGE CORPORATION (4.14%), Starion Bank (4.19%) and Gate City Bank (4.20%).

North Dakota 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 $989,415,000 $632,705,000 -36.1% 15.3%
First International Bank & Trust $394,340,000 $249,985,000 -36.6% 6.0%
Bell Bank $326,310,000 $180,445,000 -44.7% 4.4%
UNITED WHOLESALE MORTGAGE, LLC $191,710,000 $155,070,000 -19.1% 3.7%
CAPITAL CREDIT UNION $191,710,000 $154,605,000 -19.4% 3.7%
Choice Financial Group $144,500,000 $121,590,000 -15.9% 2.9%
TOWN AND COUNTRY Credit Union $213,955,000 $118,455,000 -44.6% 2.9%
First Western Bank & Trust $158,705,000 $116,985,000 -26.3% 2.8%
Bremer Bank $171,785,000 $116,255,000 -32.3% 2.8%
QUICKEN LOANS, LLC $275,590,000 $104,125,000 -62.2% 2.5%
FIRST COMMUNITY CREDIT UNION $157,840,000 $102,050,000 -35.3% 2.5%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $127,645,000 $89,545,000 -29.8% 2.2%
Starion Bank $121,880,000 $89,360,000 -26.7% 2.2%
U.S. Bank $161,490,000 $85,225,000 -47.2% 2.1%
American Bank Center $124,100,000 $82,225,000 -33.7% 2.0%
Western State Bank $104,520,000 $73,485,000 -29.7% 1.8%
Dakota Community Bank & Trust $154,420,000 $70,510,000 -54.3% 1.7%
Wells Fargo Bank $149,470,000 $67,505,000 -54.8% 1.6%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $55,860,000 $62,070,000 11.1% 1.5%
VALLEY MORTGAGE, INC. $122,270,000 $61,485,000 -49.7% 1.5%
Grandbridge Real Estate Capital LLC $61,310,000 n/a 1.5%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $1,995,000 $59,450,000 2,879.9% 1.4%
GUARANTEED RATE, INC. $100,920,000 $57,915,000 -42.6% 1.4%
Mortgage Research Center, LLC $87,350,000 $55,625,000 -36.3% 1.3%
Dacotah Bank $54,500,000 $53,980,000 -1.0% 1.3%
Alerus Financial $105,330,000 $50,970,000 -51.6% 1.2%
CALIBER HOME LOANS, INC. $137,595,000 $46,325,000 -66.3% 1.1%
American Federal Bank $43,050,000 $42,360,000 -1.6% 1.0%
BNC National Bank $70,945,000 $38,790,000 -45.3% 0.9%
Unify Home Lending Inc. $46,090,000 $35,885,000 -22.1% 0.9%
Cornerstone Bank $67,450,000 $35,255,000 -47.7% 0.9%
Flagstar Bank, FSB $66,995,000 $34,590,000 -48.4% 0.8%
Bank of England $79,285,000 $33,555,000 -57.7% 0.8%
LOANDEPOT.COM, LLC $69,635,000 $32,345,000 -53.6% 0.8%
Kirkwood Bank & Trust Co. $72,865,000 $30,000,000 -58.8% 0.7%
The Huntington National Bank $37,795,000 $26,445,000 -30.0% 0.6%
Plains Commerce Bank $20,075,000 $25,410,000 26.6% 0.6%
Barrington Bank & Trust Company, N.A. $43,955,000 $24,555,000 -44.1% 0.6%
PENNYMAC LOAN SERVICES, LLC $62,650,000 $22,365,000 -64.3% 0.5%
JONES LANG LASALLE MULTIFAMILY, LLC $22,070,000 n/a 0.5%
WESTERN COOPERATIVE CREDIT UNION $21,280,000 $21,785,000 2.4% 0.5%
Bank Forward $118,135,000 $20,675,000 -82.5% 0.5%
Unison Bank $23,160,000 $19,975,000 -13.8% 0.5%
First Interstate Bank $470,000 $19,900,000 4,134.0% 0.5%
Union State Bank of Fargo $19,400,000 $17,610,000 -9.2% 0.4%
GUILD MORTGAGE COMPANY $43,805,000 $17,215,000 -60.7% 0.4%
FREEDOM MORTGAGE CORPORATION $114,720,000 $16,825,000 -85.3% 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $51,140,000 $16,770,000 -67.2% 0.4%
USAA Federal Savings Bank $26,915,000 $15,910,000 -40.9% 0.4%
HOME POINT FINANCIAL CORPORATION $40,095,000 $15,760,000 -60.7% 0.4%
NEWREZ LLC $17,780,000 $15,725,000 -11.6% 0.4%
Merchants Bank $44,665,000 $14,875,000 -66.7% 0.4%
First State Bank $14,740,000 n/a 0.4%
NAVY FEDERAL CREDIT UNION $15,895,000 $14,395,000 -9.4% 0.3%
CIBC Bank USA $14,005,000 n/a 0.3%
JPMorgan Chase Bank $13,620,000 $13,605,000 -0.1% 0.3%
FINANCE OF AMERICA MORTGAGE LLC $5,280,000 $13,335,000 152.6% 0.3%
VISIONBank $11,065,000 $12,780,000 15.5% 0.3%
AMERISAVE MORTGAGE CORPORATION $30,125,000 $12,480,000 -58.6% 0.3%
AMCAP MORTGAGE, LTD. $15,445,000 $11,845,000 -23.3% 0.3%
Deere Employees Credit Union $10,720,000 $10,540,000 -1.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $19,960,000 $10,390,000 -47.9% 0.3%
Security First Bank of North Dakota $35,005,000 $10,185,000 -70.9% 0.2%
VUE COMMUNITY CREDIT UNION $7,795,000 $9,345,000 19.9% 0.2%
Servion, Inc. $13,935,000 $8,810,000 -36.8% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $16,990,000 $8,575,000 -49.5% 0.2%
RAILWAY CREDIT UNION $10,635,000 $8,570,000 -19.4% 0.2%
Citizens Bank $16,865,000 $8,490,000 -49.7% 0.2%
Florida Capital Bank $23,295,000 $8,360,000 -64.1% 0.2%
Associated Bank $7,805,000 n/a 0.2%
Frandsen Bank & Trust $17,880,000 $6,820,000 -61.9% 0.2%
Bridgewater Bank $6,255,000 n/a 0.2%
BROKER SOLUTIONS, INC. $12,215,000 $5,995,000 -50.9% 0.1%
PREMIA MORTGAGE, LLC $5,380,000 $5,420,000 0.7% 0.1%
First Savings Bank $175,000 $4,945,000 2,725.7% 0.1%
BETTER MORTGAGE CORPORATION $21,565,000 $4,755,000 -78.0% 0.1%
MID AMERICA MORTGAGE, INC. $10,695,000 $4,670,000 -56.3% 0.1%
HOMESTAR FINANCIAL CORPORATION $1,175,000 $4,270,000 263.4% 0.1%
Hometown Credit Union $4,035,000 n/a 0.1%
The Federal Savings Bank $14,170,000 $3,945,000 -72.2% 0.1%
21ST MORTGAGE CORPORATION $4,140,000 $3,650,000 -11.8% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $2,045,000 $3,500,000 71.1% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $4,300,000 $3,315,000 -22.9% 0.1%
Stifel Bank and Trust $5,395,000 $3,175,000 -41.1% 0.1%
First Resource Bank $2,530,000 $3,060,000 20.9% 0.1%
BANKWEST, INC. $8,145,000 $3,040,000 -62.7% 0.1%
CRESCENT MORTGAGE COMPANY $4,345,000 $3,000,000 -31.0% 0.1%
Hometown Lenders, Inc. $245,000 $3,000,000 1,124.5% 0.1%
LAKEVIEW LOAN SERVICING, LLC $22,000,000 $2,930,000 -86.7% 0.1%
FIRST COLONY MORTGAGE CORPORATION $2,805,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $2,970,000 $2,785,000 -6.2% 0.1%
AgCountry Farm Credit Services, FLCA $2,985,000 $2,685,000 -10.1% 0.1%
VERVE, A CREDIT UNION $2,680,000 n/a 0.1%
Bank of the West $4,280,000 $2,670,000 -37.6% 0.1%
Discover Bank $1,015,000 $2,615,000 157.6% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $3,980,000 $2,440,000 -38.7% 0.1%
Truist $4,920,000 $2,355,000 -52.1% 0.1%
Stockman Bank of Montana $4,965,000 $2,105,000 -57.6% 0.1%
Bank of America $4,475,000 $2,095,000 -53.2% 0.1%
PNC Bank $6,230,000 $2,075,000 -66.7% 0.1%
PENTAGON FEDERAL CREDIT UNION $4,655,000 $2,035,000 -56.3% 0.0%
Ally Bank $5,945,000 $1,995,000 -66.4% 0.0%
North American Savings Bank, F.S.B. $4,440,000 $1,950,000 -56.1% 0.0%
ON Q FINANCIAL, INC. $1,930,000 $1,935,000 0.3% 0.0%
Lend Smart Mortgage, LLC $2,005,000 $1,880,000 -6.2% 0.0%
BERKADIA COMMERCIAL MORTGAGE LLC $1,825,000 n/a 0.0%
Gateway First Bank $1,015,000 $1,775,000 74.9% 0.0%
Paramount Residential Mortgage Group, Inc. $2,270,000 $1,765,000 -22.2% 0.0%
BAY EQUITY LLC $1,835,000 $1,745,000 -4.9% 0.0%
ZILLOW HOME LOANS, LLC $2,410,000 $1,745,000 -27.6% 0.0%
PLANET HOME LENDING, LLC $1,350,000 $1,690,000 25.2% 0.0%
CMG MORTGAGE, INC. $2,375,000 $1,555,000 -34.5% 0.0%
Armed Forces Bank $1,535,000 n/a 0.0%
KS StateBank $2,045,000 $1,405,000 -31.3% 0.0%
Prosperity Home Mortgage, LLC $440,000 $1,400,000 218.2% 0.0%
AFFINITY PLUS $5,915,000 $1,370,000 -76.8% 0.0%
American Mortgage & Equity Consultants, Inc. $1,870,000 $1,370,000 -26.7% 0.0%
Great Western Bank $10,660,000 $1,365,000 -87.2% 0.0%
Morgan Stanley Private Bank $1,365,000 n/a 0.0%
Goldman Sachs Bank USA $1,355,000 n/a 0.0%
Midwest Bank $3,245,000 $1,310,000 -59.6% 0.0%
American National Bank of Minnesota $415,000 $1,235,000 197.6% 0.0%
American Bank & Trust $85,000 $1,190,000 1,300.0% 0.0%
BMO Harris Bank $1,145,000 n/a 0.0%
S1L, Inc. $1,130,000 n/a 0.0%
WINGS FINANCIAL $1,040,000 $1,100,000 5.8% 0.0%
Century Mortgage Company DBA Century Lending Company $255,000 $1,065,000 317.6% 0.0%
HOMESIDE FINANCIAL, LLC $4,040,000 $1,030,000 -74.5% 0.0%
Nations Lending Corporation $2,410,000 $1,005,000 -58.3% 0.0%
The Central Trust Bank $745,000 $985,000 32.2% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $945,000 $975,000 3.2% 0.0%
ALAMEDA MORTGAGE CORPORATION $960,000 n/a 0.0%
NBKC BANK $4,330,000 $945,000 -78.2% 0.0%
Amerifirst Financial, Inc. $930,000 n/a 0.0%
Fortress Bank $185,000 $915,000 394.6% 0.0%
BOKF $385,000 $865,000 124.7% 0.0%
THRIVENT Federal Credit Union $1,170,000 $855,000 -26.9% 0.0%
RESIDENTIAL BANCORP. $810,000 n/a 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $805,000 n/a 0.0%
Lake Forest Bank & Trust $795,000 n/a 0.0%
Magnolia Bank $2,575,000 $795,000 -69.1% 0.0%
RBC Bank, (Georgia) $195,000 $780,000 300.0% 0.0%
CENTRAL MINNESOTA Credit Union $21,745,000 $770,000 -96.5% 0.0%
VILLAGE CAPITAL MORTGAGE $5,455,000 $770,000 -85.9% 0.0%
Commerce Home Mortgage, Inc. $245,000 $765,000 212.2% 0.0%
Elements Financial Federal Credit Union $760,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $4,520,000 $710,000 -84.3% 0.0%
PLAZA HOME MORTGAGE, INC. $1,255,000 $705,000 -43.8% 0.0%
AmeriHome Mortgage Company, LLC $625,000 $700,000 12.0% 0.0%
TRIAD FINANCIAL SERVICES, INC. $730,000 $695,000 -4.8% 0.0%
MANN FINANCIAL INC. $420,000 $670,000 59.5% 0.0%
MORIA DEVELOPMENT, INC. $665,000 n/a 0.0%
IncredibleBank $135,000 $655,000 385.2% 0.0%
Northpointe Bank $310,000 $630,000 103.2% 0.0%
SOFI LENDING CORP. $2,640,000 $610,000 -76.9% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $2,780,000 $605,000 -78.2% 0.0%
CHERRY CREEK MORTGAGE, LLC $600,000 n/a 0.0%
First National Bank $365,000 $600,000 64.4% 0.0%
Paramount Bank $600,000 n/a 0.0%
Libertyville Bank & Trust $595,000 n/a 0.0%
OPEN MORTGAGE, LLC $1,800,000 $570,000 -68.3% 0.0%
NP, Inc. $245,000 $565,000 130.6% 0.0%
EVERETT FINANCIAL, INC. $1,320,000 $550,000 -58.3% 0.0%
Deerwood Bank $280,000 $545,000 94.6% 0.0%
First Horizon Bank $700,000 $545,000 -22.1% 0.0%
First Dakota National Bank $540,000 n/a 0.0%
LEADERONE FINANCIAL CORPORATION $165,000 $540,000 227.3% 0.0%
Royal Credit Union $540,000 n/a 0.0%
Charles Schwab Bank, SSB $525,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $700,000 $510,000 -27.1% 0.0%
CORTRUST MORTGAGE, INC. $2,050,000 $505,000 -75.4% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $255,000 $500,000 96.1% 0.0%
Willamette Valley Bank $790,000 $500,000 -36.7% 0.0%
ARC HOME LLC $1,050,000 $490,000 -53.3% 0.0%
City National Bank $215,000 $490,000 127.9% 0.0%
First PREMIER Bank $780,000 $490,000 -37.2% 0.0%
PHH Mortgage Corporation $880,000 $475,000 -46.0% 0.0%
First National Bank of Omaha $235,000 $470,000 100.0% 0.0%
Service Federal Credit Union $305,000 $470,000 54.1% 0.0%
Summit Mortgage Corporation $470,000 n/a 0.0%
AMERICAN ADVISORS GROUP $1,310,000 $465,000 -64.5% 0.0%
SECURITYNATIONAL MORTGAGE COMPANY $455,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $755,000 $455,000 -39.7% 0.0%
FOUR POINTS $445,000 n/a 0.0%
Low VA Rates, LLC $4,630,000 $445,000 -90.4% 0.0%
NATIONS RELIABLE LENDING, LLC $135,000 $430,000 218.5% 0.0%
Tradition Capital Bank $425,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $1,465,000 $410,000 -72.0% 0.0%
Colonial Savings, F.A. $845,000 $405,000 -52.1% 0.0%
Figure Lending LLC $310,000 $400,000 29.0% 0.0%
Ixonia Bank $795,000 $400,000 -49.7% 0.0%
First Federal Bank $905,000 $395,000 -56.4% 0.0%
JAMES B. NUTTER & COMPANY $205,000 $385,000 87.8% 0.0%
DIGITAL Federal Credit Union $375,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $365,000 n/a 0.0%
First National Bank of America $135,000 $360,000 166.7% 0.0%
FirstBank $1,940,000 $330,000 -83.0% 0.0%
GREAT RIVER FEDERAL CREDIT UNION $325,000 n/a 0.0%
Home Federal Savings Bank $135,000 $325,000 140.7% 0.0%
Simmons Bank $325,000 n/a 0.0%
Mutual Federal Bank $315,000 n/a 0.0%
Red River Bank $315,000 n/a 0.0%
American Investors Bank and Mortgage $305,000 n/a 0.0%
First Internet Bank of Indiana $305,000 n/a 0.0%
Northwest Bank $55,000 $305,000 454.5% 0.0%
City Bank $285,000 n/a 0.0%
Old National Bank $12,105,000 $285,000 -97.6% 0.0%
CITY-COUNTY CREDIT UNION $275,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $9,910,000 $275,000 -97.2% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $275,000 $275,000 0.0% 0.0%
EMBRACE HOME LOANS, INC. $450,000 $265,000 -41.1% 0.0%
EVANSVILLE TEACHERS $265,000 n/a 0.0%
Northview Bank $225,000 $265,000 17.8% 0.0%
COMPEER FINANCIAL, FLCA $840,000 $255,000 -69.6% 0.0%
SOUTHWEST STAGE FUNDING, LLC $545,000 $245,000 -55.0% 0.0%
Equity Prime Mortgage LLC $355,000 $235,000 -33.8% 0.0%
Minnwest Bank $235,000 n/a 0.0%
Baxter Credit Union $1,610,000 $225,000 -86.0% 0.0%
CANOPY MORTGAGE, LLC $225,000 n/a 0.0%
First National Bank $365,000 $225,000 -38.4% 0.0%
Devon Bank $225,000 $215,000 -4.4% 0.0%
HOMESTEAD FUNDING CORP. $760,000 $215,000 -71.7% 0.0%
NBH Bank $1,735,000 $215,000 -87.6% 0.0%
STAR ONE CREDIT UNION $335,000 $215,000 -35.8% 0.0%
Summit Community Bank, Inc. $215,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $200,000 n/a 0.0%
M&T Bank $845,000 $200,000 -76.3% 0.0%
Chartwell Financial, LLC $175,000 $195,000 11.4% 0.0%
Chickasaw Community Bank $195,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $305,000 $195,000 -36.1% 0.0%
Reliabank Dakota $425,000 $195,000 -54.1% 0.0%
Axos Bank $1,100,000 $185,000 -83.2% 0.0%
Wyoming Bank & Trust $175,000 n/a 0.0%
Community First National Bank $155,000 n/a 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $155,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $790,000 $155,000 -80.4% 0.0%
ATLANTA POSTAL $135,000 n/a 0.0%
Peoples Bank $135,000 n/a 0.0%
AXIA FINANCIAL, LLC $515,000 $125,000 -75.7% 0.0%
LONGBRIDGE FINANCIAL, LLC $155,000 $125,000 -19.4% 0.0%
Operating Engineers Local Union #3 $125,000 n/a 0.0%
Goldwater Bank, N.A. $1,600,000 $115,000 -92.8% 0.0%
Pioneer Bank & Trust $115,000 n/a 0.0%
South State Bank $115,000 n/a 0.0%
Bank of Colorado $95,000 $105,000 10.5% 0.0%
CITIZENS EQUITY FIRST $105,000 n/a 0.0%
UBS Bank USA $105,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $55,000 $100,000 81.8% 0.0%
BLACK HILLS FEDERAL CREDIT UNION $95,000 $95,000 0.0% 0.0%
First Guaranty Mortgage Corporation $19,915,000 $75,000 -99.6% 0.0%
HIWAY $415,000 $75,000 -81.9% 0.0%
TOWER $75,000 n/a 0.0%
United States Senate Federal Credit Union $75,000 n/a 0.0%
UNIVERSAL LENDING CORPORATION $105,000 $65,000 -38.1% 0.0%
Centier Bank $55,000 n/a 0.0%
Heritage Bank $1,500,000 $45,000 -97.0% 0.0%
Bethpage Federal Credit Union $35,000 $35,000 0.0% 0.0%
STAR USA FEDERAL CREDIT UNION $25,000 n/a 0.0%

North Dakota's top lender by overall market share is Gate City Bank, with 15.3% market share. In second place, with 6.0%, is First International Bank & Trust, having originated $249,985,000 in loans. In third place, with 4.4%, is Bell Bank, having originated $180,445,000 in loans. In fourth place, with 3.7%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $155,070,000 in loans. In fifth place, with 3.7%, is CAPITAL CREDIT UNION, having originated $154,605,000 in loans.

North Dakota Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 9,969 $2,930,085,000 $293,920
Refi 2,134 $554,120,000 $259,663
Cash Out Refi 1,732 $443,040,000 $255,797
Home Improvement 1,286 $99,420,000 $77,309
Other 1,025 $108,895,000 $106,239
NA 2 $1,940,000 $970,000

North Dakota's most frequently cited loan purpose was Home Purchase, with 9,969 originations. The 2nd most popular reason was Refi, with 2,134 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 4,389 $1,119,585,000 $255,089
3-4% 3,919 $1,240,885,000 $316,633
5-6% 3,697 $819,115,000 $221,562
6-7% 1,487 $299,275,000 $201,261
2.5-3% 1,139 $291,015,000 $255,500
7-8% 382 $58,080,000 $152,042
<2.5% 334 $77,230,000 $231,228
Over 8% 138 $10,430,000 $75,580

During 2022, North Dakota's most frequently originated rate bucket was 4-5%, with 4,389 originations.

Loan Sizing (North Dakota MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 6,349 $1,754,665,000 $276,369
$100k-200k 4,597 $695,735,000 $151,345
$100,000 or less 3,537 $198,415,000 $56,097
$400k-600k 1,220 $577,030,000 $472,975
$600k-1000k 293 $205,205,000 $700,358
$Over $1MM 152 $706,450,000 $4,647,697

North Dakota's loan sizing saw the bucket of loans from $200k-400k with 6,349 originations, totaling $1,754,665,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 7,089 $1,984,715,000 $279,971
60-80% 3,789 $1,254,085,000 $330,980
Under 20% 1,613 $81,195,000 $50,338
20-40% 1,346 $146,870,000 $109,116
40-60% 1,282 $337,100,000 $262,949
Over 100% 310 $149,290,000 $481,581

North Dakota's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 7,089 originations, totaling $1,984,715,000 in origination value.