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 6.15% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.36% and one month ago for the week of 2025-02-27, the average rate was 6.27%.

North Dakota's average rate one year ago was 6.4%.

For refis of the same type during the week of 2025-04-03, the average rate was 7.28%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-03 6.64%
North Dakota 30 Year Fixed Rate 2025-04-03 6.15%
North Dakota 30 Year Fixed Rate Refi 2025-04-03 7.28%
North Dakota 15 Year Fixed Rate 2025-04-03 6.22%
North Dakota 15 Year Fixed Rate Refi 2025-04-03 6.7%
North Dakota 30 Year FHA 2025-04-03 6.06%
North Dakota 30 Year FHA Refi 2025-04-03 5.87%
North Dakota 30 Year USDA 2025-04-03 5.66%
North Dakota 30 Year USDA Refi 2025-04-03 6.42%
North Dakota 30 Year VA 2025-04-03 5.68%
North Dakota 30 Year VA Refi 2025-04-03 5.5%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Gate City Bank 694 6.14% $5,155
First International Bank & Trust 261 6.69% $4,658
UNITED WHOLESALE MORTGAGE, LLC 260 6.80% $5,624
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 220 6.49% $6,212
QUICKEN LOANS, LLC 206 6.71% $6,843
FIRST COMMUNITY CREDIT UNION 200 6.31% $4,509
Dakota Community Bank & Trust 132 6.08% $5,363
VALLEY MORTGAGE, INC. 130 6.10% $3,439
Bell Bank 130 6.55% $5,526
U.S. Bank 130 6.52% $3,589
CAPITAL CREDIT UNION 107 6.45% $5,402
TOWN AND COUNTRY Credit Union 106 6.51% $5,342
First Western Bank & Trust 106 6.42% $4,742
ARK-LA-TEX FINANCIAL SERVICES, LLC. 101 6.67% $3,643
Bremer Bank 93 6.34% $5,186
Starion Bank 67 6.32% $4,958
Choice Financial Group 63 6.29% $5,563
Dacotah Bank 56 6.63% $3,066
Alerus Financial 52 6.45% $2,871
Western State Bank 51 6.05% $3,680
NEWREZ LLC 48 6.77% $3,941
Nations Lending Corporation 39 6.25% $4,147
Cambria Financial Group, LLC 37 6.87% $6,471
Barrington Bank & Trust Company, N.A. 36 6.30% $4,285
Flagstar Bank, FSB 34 6.83% $6,057
Wells Fargo Bank 33 6.71% $4,976
BAY EQUITY LLC 29 6.51% $6,296
PRIMARY RESIDENTIAL MORTGAGE, INC. 28 6.63% $7,671
LOANDEPOT.COM, LLC 27 6.84% $6,533
GUARANTEED RATE, INC. 26 6.75% $6,068
Frandsen Bank & Trust 21 6.61% $4,464
CROSSCOUNTRY MORTGAGE, LLC 19 6.83% $4,971
GUILD MORTGAGE COMPANY 19 6.61% $4,494
Deere Employees Credit Union 18 6.42% $4,035
First Federal Bank 17 6.36% $4,053
Bank of England 17 7.50% $6,190
Plains Commerce Bank 17 6.62% $6,513
Merchants Bank 16 6.39% $5,065
FIRST COLONY MORTGAGE CORPORATION 16 6.52% $6,177
NAVY FEDERAL CREDIT UNION 14 6.64% $5,188
JPMorgan Chase Bank 12 6.79% $3,822
TOWNE MORTGAGE COMPANY 11 6.83% $6,322
PENNYMAC LOAN SERVICES, LLC 11 6.75% $9,538
WESTERN COOPERATIVE CREDIT UNION 11 7.01% $5,165
FIRST COMMUNITY MORTGAGE, INC. 10 6.61% $6,637
USAA Federal Savings Bank 10 6.60% $3,682
Servion, Inc. 10 7.08% $4,340
Mortgage Research Center, LLC 10 6.80% $5,060
Florida Capital Bank 9 6.80% $4,964
BMO Harris Bank 9 6.76% $3,932
ZILLOW HOME LOANS, LLC 8 6.84% $5,721
BROKER SOLUTIONS, INC. 8 7.25% $5,500
CENTRAL MINNESOTA Credit Union 8 6.53% $3,071
Stifel Bank and Trust 8 6.34% $2,718
Mr. Cooper ( Nationstar Mortgage ) 8 7.04% $5,941
NexBank 7 6.30% $5,111
The Huntington National Bank 7 7.07% $4,527
Presidential Bank, FSB 6 7.27% $5,161
West Gate Bank 6 6.73% $4,198
Ally Bank 6 6.27% $8,487
FREEDOM MORTGAGE CORPORATION 6 6.77% $5,462
21ST MORTGAGE CORPORATION 6 8.32% $6,149
PREMIA MORTGAGE, LLC 5 6.44% $469
Morgan Stanley Private Bank 5 6.01% $3,192
V.I.P. MORTGAGE, INC. 5 6.88% $5,805
NBKC BANK 4 6.75% $3,296
AFFINITY PLUS 4 6.81% $5,062
American Mortgage & Equity Consultants, Inc. 4 6.81% $8,308
CANOPY MORTGAGE, LLC 4 7.12% $7,559
GUARANTEED RATE AFFINITY, LLC 4 6.64% $2,068
PLAZA HOME MORTGAGE, INC. 4 6.84% $5,115
UNION HOME MORTGAGE CORP. 4 6.75% $6,057
AMERICAN FINANCING CORPORATION 3 6.54% $11,221
AMERISAVE MORTGAGE CORPORATION 3 7.42% $7,764
Discover Bank 3 6.74% $0
Bank of America 3 6.88% $3,417
OPEN MORTGAGE, LLC 3 7.04% $5,846
PENTAGON FEDERAL CREDIT UNION 3 6.67% $4,214
CMG MORTGAGE, INC. 2 6.81% $3,416
WINGS FINANCIAL 2 5.44% $3,544
BANKWEST, INC. 2 6.25% $6,957
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.81% $7,697
CHURCHILL MORTGAGE CORPORATION 2 7.13% $2,811
DEEPHAVEN MORTGAGE LLC 2 8.56% $6,812
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.38% $6,578
ALLIANT CREDIT UNION 2 6.63% $3,008
Prosperity Home Mortgage, LLC 2 6.50% $5,969
OCMBC, INC. 2 7.94% $17,229
AMERICAN PACIFIC MORTGAGE CORPORATION 2 8.13% $6,112
HOMESIDE FINANCIAL, LLC 2 7.88% $13,897
AMERICAN FINANCIAL RESOURCES, INC. 2 6.56% $4,911
AMERICAN FINANCIAL NETWORK, INC. 2 6.88% $2,319
ON Q FINANCIAL, INC. 2 7.06% $4,967
CARDINAL FINANCIAL 2 6.99% $4,750
Commerce Home Mortgage, Inc. 2 9.19% $18,101
SIRVA MORTGAGE, INC. 2 6.31% $5,172
SPIRE Credit Union 2 5.56% $2,742
BETTER MORTGAGE CORPORATION 2 5.94% $4,342
PHH Mortgage Corporation 2 6.62% $9,144
First Central Savings Bank 2 7.13% $9,453
The Central Trust Bank 1 5.99% $11,477
Baxter Credit Union 1 6.00% $5,196
TJC Mortgage, Inc. 1 7.13% $3,618
Bank of Springfield 1 7.52% $3,002
TRIAD FINANCIAL SERVICES, INC. 1 9.90% $8,110
Truist 1 6.88% $3,662
Truity Federal Credit Union 1 7.13% $6,582
UBS Bank USA 1 6.75% $4,185
AXIA FINANCIAL, LLC 1 7.38% $4,081
Utah Power 1 5.75% $8,545
AMERICAN INTERNET MORTGAGE, INC. 1 6.50% $3,181
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.13% $5,144
Granite Community Bank 1 7.13% $6,634
Generations Bank 1 6.88% $3,970
American Bank & Trust 1 6.63% $4,869
First PREMIER Bank 1 5.75% $2,986
First Interstate Bank 1 6.50% $4,160
LENDSURE MORTGAGE CORP. 1 7.88% $8,385
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.12% $5,706
First Dakota National Bank 1 6.50% $2,593
Logan Finance Corporation 1 8.12% $5,049
First Bank & Trust 1 6.63% $4,823
MORTGAGE ACCESS CORP. 1 6.63% $7,225
ENVOY MORTGAGE, LTD 1 6.88% $3,885
Dollar Bank, Federal Savings Bank 1 6.63% $4,486
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.63% $5,929
CORTRUST MORTGAGE, INC. 1 6.50% $5,767
COMMUNITYAMERICA 1 6.50% $3,109
NFM, INC. 1 6.88% $9,063
North Shore Bank of Commerce 1 6.88% $4,172
Old National Bank 1 6.13% $2,936
Pinnacle Bank 1 6.63% $3,012
Citizens Bank 1 7.13% $2,720
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.88% $7,975
Charles Schwab Bank, SSB 1 5.75% $2,032
Century Mortgage Company DBA Century Lending Company 1 7.00% $3,419
Quontic Bank 1 9.13% $17,691
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 6.99% $5,347
Royal Credit Union 1 6.25% $2,714
SeaTrust Mortgage Company 1 6.88% $5,290
CALCON MUTUAL MORTGAGE LLC 1 5.88% $9,932
Stockman Bank of Montana 1 6.50% $17,661

North Dakota Average Closing Costs & Other Stats

North Dakota's 142 lenders originated 13,082 loans during 2024. The total origination value was $3,196,390,000, with an average loan value of $244,335.

North Dakota's average closing costs are $5,183.

The top North Dakota lender as defined by loan originations is Gate City Bank, with 694 loans originated. Their average total fees are $5,155, which is $497 higher than the next largest lender, First International Bank & Trust.

The lowest fee North Dakota lenders (with over 10 loans originated) are Alerus Financial ($2,871), Dacotah Bank ($3,066), VALLEY MORTGAGE, INC. ($3,439), U.S. Bank ($3,589) and ARK-LA-TEX FINANCIAL SERVICES, LLC. ($3,643).

The lowest rate North Dakota lenders (with over 10 loans originated) are Western State Bank (6.05%), Dakota Community Bank & Trust (6.08%), VALLEY MORTGAGE, INC. (6.10%), Gate City Bank (6.14%) and Nations Lending Corporation (6.25%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
Gate City Bank $407,640,000 $416,290,000 2.1% 13.0%
First International Bank & Trust $154,645,000 $183,860,000 18.9% 5.8%
UNITED WHOLESALE MORTGAGE, LLC $115,860,000 $144,470,000 24.7% 4.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $88,970,000 $124,320,000 39.7% 3.9%
Bell Bank $99,385,000 $111,195,000 11.9% 3.5%
TOWN AND COUNTRY Credit Union $90,545,000 $105,890,000 16.9% 3.3%
CAPITAL CREDIT UNION $83,645,000 $102,970,000 23.1% 3.2%
QUICKEN LOANS, LLC $67,995,000 $100,130,000 47.3% 3.1%
FIRST COMMUNITY CREDIT UNION $91,435,000 $82,045,000 -10.3% 2.6%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $77,595,000 $81,975,000 5.6% 2.6%
Starion Bank $44,550,000 $79,170,000 77.7% 2.5%
Dakota Community Bank & Trust $59,695,000 $76,485,000 28.1% 2.4%
U.S. Bank $62,860,000 $73,030,000 16.2% 2.3%
Bremer Bank $82,230,000 $68,195,000 -17.1% 2.1%
American Bank Center $45,310,000 $67,730,000 49.5% 2.1%
Mortgage Research Center, LLC $41,835,000 $67,365,000 61.0% 2.1%
First Western Bank & Trust $78,305,000 $54,545,000 -30.3% 1.7%
VALLEY MORTGAGE, INC. $51,075,000 $50,935,000 -0.3% 1.6%
GUARANTEED RATE, INC. $37,440,000 $50,630,000 35.2% 1.6%
Alerus Financial $72,400,000 $50,255,000 -30.6% 1.6%
American Federal Bank $30,800,000 $37,585,000 22.0% 1.2%
Choice Financial Group $73,080,000 $37,060,000 -49.3% 1.2%
Arbor Realty Trust, Inc. $15,675,000 $36,085,000 130.2% 1.1%
Kirkwood Bank & Trust Co. $18,140,000 $33,970,000 87.3% 1.1%
Dacotah Bank $47,205,000 $29,090,000 -38.4% 0.9%
FREEDOM MORTGAGE CORPORATION $6,875,000 $27,320,000 297.4% 0.9%
NEWREZ LLC $18,885,000 $26,520,000 40.4% 0.8%
Flagstar Bank, FSB $19,480,000 $25,960,000 33.3% 0.8%
Cornerstone Bank $18,895,000 $25,855,000 36.8% 0.8%
ORIX REAL ESTATE CAPITAL, LLC $24,120,000 n/a 0.8%
Bank Forward $36,230,000 $23,270,000 -35.8% 0.7%
PRIMARY RESIDENTIAL MORTGAGE, INC. $6,835,000 $22,500,000 229.2% 0.7%
Western State Bank $15,560,000 $20,815,000 33.8% 0.7%
Nations Lending Corporation $11,115,000 $20,795,000 87.1% 0.7%
Barrington Bank & Trust Company, N.A. $15,230,000 $20,215,000 32.7% 0.6%
JONES LANG LASALLE MULTIFAMILY, LLC $19,095,000 n/a 0.6%
LOANDEPOT.COM, LLC $12,730,000 $18,485,000 45.2% 0.6%
21ST MORTGAGE CORPORATION $3,245,000 $17,680,000 444.8% 0.6%
Cambria Financial Group, LLC $17,570,000 n/a 0.5%
PENNYMAC LOAN SERVICES, LLC $11,350,000 $16,880,000 48.7% 0.5%
NAVY FEDERAL CREDIT UNION $7,315,000 $16,035,000 119.2% 0.5%
Bank of England $22,190,000 $14,725,000 -33.6% 0.5%
Security First Bank of North Dakota $53,380,000 $14,635,000 -72.6% 0.5%
Zions Bank $14,205,000 n/a 0.4%
VISIONBank $20,755,000 $14,045,000 -32.3% 0.4%
Wells Fargo Bank $46,085,000 $14,010,000 -69.6% 0.4%
WESTERN COOPERATIVE CREDIT UNION $17,595,000 $13,900,000 -21.0% 0.4%
CROSSCOUNTRY MORTGAGE, LLC $2,585,000 $13,490,000 421.9% 0.4%
GUILD MORTGAGE COMPANY $3,695,000 $12,595,000 240.9% 0.4%
FIRST COLONY MORTGAGE CORPORATION $4,855,000 $12,435,000 156.1% 0.4%
USAA Federal Savings Bank $10,505,000 $12,410,000 18.1% 0.4%
AgCountry Farm Credit Services, FLCA $6,010,000 $12,290,000 104.5% 0.4%
BNC National Bank $13,800,000 $11,405,000 -17.4% 0.4%
First State Bank $11,255,000 $9,585,000 -14.8% 0.3%
BAY EQUITY LLC $8,050,000 $9,390,000 16.6% 0.3%
National Bank of Commerce $8,545,000 n/a 0.3%
Plains Commerce Bank $13,355,000 $8,240,000 -38.3% 0.3%
JPMorgan Chase Bank $10,890,000 $8,085,000 -25.8% 0.3%
RAILWAY CREDIT UNION $8,865,000 $7,765,000 -12.4% 0.2%
Deere Employees Credit Union $4,805,000 $7,725,000 60.8% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $6,680,000 $7,670,000 14.8% 0.2%
Frandsen Bank & Trust $8,815,000 $7,635,000 -13.4% 0.2%
United Valley Bank $3,900,000 $7,335,000 88.1% 0.2%
BMO Harris Bank $5,515,000 $7,170,000 30.0% 0.2%
BROKER SOLUTIONS, INC. $7,630,000 $6,990,000 -8.4% 0.2%
Unison Bank $12,435,000 $6,985,000 -43.8% 0.2%
V.I.P. MORTGAGE, INC. $4,220,000 $6,905,000 63.6% 0.2%
COLLIERS MORTGAGE LLC $6,165,000 n/a 0.2%
Midwest Bank $4,090,000 $5,980,000 46.2% 0.2%
First Federal Bank $2,370,000 $5,750,000 142.6% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $2,980,000 $5,455,000 83.1% 0.2%
TOWNE MORTGAGE COMPANY $3,110,000 $5,195,000 67.0% 0.2%
The Huntington National Bank $11,710,000 $4,955,000 -57.7% 0.2%
Union State Bank of Fargo $18,475,000 $4,565,000 -75.3% 0.1%
Merchants Bank $3,360,000 $4,405,000 31.1% 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,525,000 $4,370,000 186.6% 0.1%
BANKWEST, INC. $2,200,000 $4,250,000 93.2% 0.1%
NBKC BANK $2,985,000 $4,135,000 38.5% 0.1%
Century Mortgage Company DBA Century Lending Company $1,090,000 $4,085,000 274.8% 0.1%
PREMIA MORTGAGE, LLC $2,090,000 $3,480,000 66.5% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,775,000 $3,445,000 94.1% 0.1%
MID AMERICA MORTGAGE, INC. $3,990,000 $3,440,000 -13.8% 0.1%
VUE COMMUNITY CREDIT UNION $5,500,000 $3,435,000 -37.5% 0.1%
Legacy Bank & Trust Company $3,380,000 n/a 0.1%
Discover Bank $2,655,000 $3,335,000 25.6% 0.1%
Presidential Bank, FSB $3,175,000 n/a 0.1%
PLANET HOME LENDING, LLC $395,000 $3,135,000 693.7% 0.1%
VILLAGE CAPITAL MORTGAGE $1,250,000 $2,835,000 126.8% 0.1%
National Exchange Bank and Trust $2,805,000 n/a 0.1%
Florida Capital Bank $1,370,000 $2,770,000 102.2% 0.1%
Stifel Bank and Trust $235,000 $2,760,000 1,074.5% 0.1%
Morgan Stanley Private Bank $520,000 $2,745,000 427.9% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $585,000 $2,715,000 364.1% 0.1%
CARDINAL FINANCIAL $4,455,000 $2,455,000 -44.9% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $430,000 $2,455,000 470.9% 0.1%
ZILLOW HOME LOANS, LLC $1,850,000 $2,445,000 32.2% 0.1%
Figure Lending LLC $1,950,000 $2,340,000 20.0% 0.1%
AMERISAVE MORTGAGE CORPORATION $4,755,000 $2,320,000 -51.2% 0.1%
CENTRAL MINNESOTA Credit Union $735,000 $2,310,000 214.3% 0.1%
The Greenwood's State Bank $2,275,000 n/a 0.1%
AFFINITY PLUS $2,075,000 $2,265,000 9.2% 0.1%
Servion, Inc. $3,665,000 $2,200,000 -40.0% 0.1%
AMERICAN FINANCING CORPORATION $560,000 $2,160,000 285.7% 0.1%
Carrington Mortgage Services, LLC $875,000 $2,110,000 141.1% 0.1%
Bank of America $1,440,000 $2,050,000 42.4% 0.1%
Equity Prime Mortgage LLC $625,000 $2,045,000 227.2% 0.1%
The Federal Savings Bank $3,995,000 $2,045,000 -48.8% 0.1%
Hometown Credit Union $2,790,000 $1,905,000 -31.7% 0.1%
CANOPY MORTGAGE, LLC $1,900,000 n/a 0.1%
Pinnacle Bank $1,850,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $135,000 $1,755,000 1,200.0% 0.1%
Northwestern Bank, NA $860,000 $1,640,000 90.7% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $470,000 $1,620,000 244.7% 0.1%
Stockman Bank of Montana $1,445,000 $1,565,000 8.3% 0.0%
Coastal Community Bank $720,000 $1,560,000 116.7% 0.0%
American Mortgage & Equity Consultants, Inc. $2,500,000 $1,550,000 -38.0% 0.0%
First Savings Bank $4,320,000 $1,535,000 -64.5% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $535,000 $1,525,000 185.0% 0.0%
NexBank $1,445,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $995,000 $1,420,000 42.7% 0.0%
Magnolia Bank $285,000 $1,410,000 394.7% 0.0%
BETTER MORTGAGE CORPORATION $660,000 $1,385,000 109.8% 0.0%
Ally Bank $685,000 $1,380,000 101.5% 0.0%
West Gate Bank $850,000 $1,330,000 56.5% 0.0%
Minnwest Bank $280,000 $1,285,000 358.9% 0.0%
OCMBC, INC. $1,075,000 $1,225,000 14.0% 0.0%
PENTAGON FEDERAL CREDIT UNION $2,175,000 $1,215,000 -44.1% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,080,000 $1,210,000 12.0% 0.0%
Commerce Home Mortgage, Inc. $195,000 $1,195,000 512.8% 0.0%
Lake Forest Bank & Trust $1,055,000 n/a 0.0%
Beverly Bank & Trust $1,005,000 $1,045,000 4.0% 0.0%
PHH Mortgage Corporation $1,030,000 n/a 0.0%
ON Q FINANCIAL, INC. $1,205,000 $1,015,000 -15.8% 0.0%
Dollar Bank, Federal Savings Bank $635,000 $1,005,000 58.3% 0.0%
Service Federal Credit Union $195,000 $995,000 410.3% 0.0%
CMG MORTGAGE, INC. $1,490,000 $960,000 -35.6% 0.0%
PLAZA HOME MORTGAGE, INC. $1,295,000 $955,000 -26.3% 0.0%
SIRVA MORTGAGE, INC. $955,000 $955,000 0.0% 0.0%
M&T Bank $340,000 $945,000 177.9% 0.0%
NFM, INC. $900,000 n/a 0.0%
WINGS FINANCIAL $775,000 $900,000 16.1% 0.0%
TRIAD FINANCIAL SERVICES, INC. $865,000 $860,000 -0.6% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $830,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $895,000 $815,000 -8.9% 0.0%
Village Bank & Trust $795,000 n/a 0.0%
Valley Premier Bank $480,000 $790,000 64.6% 0.0%
AmeriHome Mortgage Company, LLC $430,000 $785,000 82.6% 0.0%
OPEN MORTGAGE, LLC $1,395,000 $775,000 -44.4% 0.0%
SeaTrust Mortgage Company $4,295,000 $775,000 -82.0% 0.0%
First Interstate Bank $335,000 $765,000 128.4% 0.0%
Generations Bank $765,000 n/a 0.0%
Secured Investment Corp. $225,000 $765,000 240.0% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $430,000 $760,000 76.7% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $605,000 $755,000 24.8% 0.0%
Coulee Bank $755,000 n/a 0.0%
AXIA FINANCIAL, LLC $740,000 n/a 0.0%
Bank of Springfield $735,000 n/a 0.0%
Old National Bank $6,125,000 $730,000 -88.1% 0.0%
First Resource Bank $505,000 $725,000 43.6% 0.0%
The Central Trust Bank $715,000 n/a 0.0%
Town Bank, N.A. $705,000 n/a 0.0%
Waterstone Mortgage Corporation $705,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $1,635,000 $680,000 -58.4% 0.0%
Prosperity Home Mortgage, LLC $380,000 $655,000 72.4% 0.0%
Quontic Bank $295,000 $645,000 118.6% 0.0%
American Bank & Trust $465,000 $610,000 31.2% 0.0%
DOMINION FINANCIAL SERVICES, LLC $600,000 n/a 0.0%
First Central Savings Bank $590,000 n/a 0.0%
Utah Power $585,000 n/a 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $580,000 n/a 0.0%
Wheaton Bank & Trust $565,000 n/a 0.0%
ALLIANT CREDIT UNION $205,000 $560,000 173.2% 0.0%
Truist $640,000 $545,000 -14.8% 0.0%
First National Bank $540,000 n/a 0.0%
867 $530,000 n/a 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $530,000 n/a 0.0%
ENVOY MORTGAGE, LTD $520,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,595,000 $520,000 -67.4% 0.0%
Heritage Bank $495,000 n/a 0.0%
THRIVENT Federal Credit Union $2,175,000 $495,000 -77.2% 0.0%
DEEPHAVEN MORTGAGE LLC $310,000 $485,000 56.5% 0.0%
SPIRE Credit Union $485,000 n/a 0.0%
UBS Bank USA $485,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $480,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $525,000 $445,000 -15.2% 0.0%
First Dakota National Bank $445,000 n/a 0.0%
Ameris Bank $435,000 n/a 0.0%
GREENSTATE CREDIT UNION $275,000 $430,000 56.4% 0.0%
PNC Bank $2,185,000 $425,000 -80.5% 0.0%
Glacier Bank $415,000 n/a 0.0%
Citizens Bank $4,565,000 $385,000 -91.6% 0.0%
DAS Acquisition Company, LLC $385,000 $385,000 0.0% 0.0%
Farmers Bank & Trust $385,000 n/a 0.0%
Baxter Credit Union $475,000 $380,000 -20.0% 0.0%
ALAMEDA MORTGAGE CORPORATION $375,000 n/a 0.0%
Cornerstone First Mortgage, Inc $365,000 n/a 0.0%
Truity Federal Credit Union $810,000 $365,000 -54.9% 0.0%
Armed Forces Bank $680,000 $345,000 -49.3% 0.0%
Charles Schwab Bank, SSB $325,000 n/a 0.0%
Logan Finance Corporation $325,000 n/a 0.0%
Wintrust Bank, N.A. $325,000 n/a 0.0%
AMWEST FUNDING CORP. $305,000 n/a 0.0%
Black Hills Community Bank $65,000 $305,000 369.2% 0.0%
MORTGAGE ACCESS CORP. $305,000 n/a 0.0%
Regions Bank $295,000 n/a 0.0%
Deerwood Bank $290,000 n/a 0.0%
AMERICAN INTERNET MORTGAGE, INC. $85,000 $285,000 235.3% 0.0%
EVERETT FINANCIAL, INC. $1,075,000 $285,000 -73.5% 0.0%
Granite Community Bank $275,000 n/a 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $3,795,000 $275,000 -92.8% 0.0%
Security Bank & Trust Company $275,000 n/a 0.0%
CORNERSTONE HOME LENDING, INC. $255,000 $255,000 0.0% 0.0%
Pioneer Bank & Trust $255,000 n/a 0.0%
CORTRUST MORTGAGE, INC. $245,000 $245,000 0.0% 0.0%
MOVEMENT MORTGAGE, LLC $895,000 $245,000 -72.6% 0.0%
Flanagan State Bank $700,000 $235,000 -66.4% 0.0%
Oakstar Bank $235,000 n/a 0.0%
Pinnacle Bank - Wyoming $235,000 n/a 0.0%
Texana Bank $235,000 n/a 0.0%
Willamette Valley Bank $395,000 $225,000 -43.0% 0.0%
First Bank & Trust $1,575,000 $215,000 -86.3% 0.0%
Ixonia Bank $215,000 n/a 0.0%
BLACK HILLS FEDERAL CREDIT UNION $215,000 $205,000 -4.7% 0.0%
COMMUNITYAMERICA $205,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $205,000 n/a 0.0%
Wilmington Savings Fund Society, FSB $205,000 n/a 0.0%
LENDSURE MORTGAGE CORP. $275,000 $195,000 -29.1% 0.0%
Great Plains National Bank $185,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $145,000 $185,000 27.6% 0.0%
TJC Mortgage, Inc. $180,000 n/a 0.0%
Broadway National Bank $175,000 n/a 0.0%
Center National Bank $175,000 n/a 0.0%
LEGEND LENDING CORPORATION $165,000 n/a 0.0%
Chartwell Financial, LLC $155,000 $150,000 -3.2% 0.0%
HomeTown Bank $145,000 n/a 0.0%
Opportunity Bank of Montana $285,000 $145,000 -49.1% 0.0%
USAlliance Federal Credit Union $140,000 n/a 0.0%
North Shore Bank of Commerce $135,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $120,000 n/a 0.0%
BOKF $95,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $95,000 n/a 0.0%
River Falls State Bank $85,000 n/a 0.0%
COMPEER FINANCIAL, FLCA $275,000 $75,000 -72.7% 0.0%
First PREMIER Bank $135,000 $75,000 -44.4% 0.0%
Schaumburg Bank & Trust $75,000 n/a 0.0%
Connexus Credit Union $95,000 $55,000 -42.1% 0.0%
Royal Credit Union $55,000 n/a 0.0%
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION $55,000 n/a 0.0%
Tyndall Federal Credit Union $25,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $15,000 n/a 0.0%
PERFORMANCE EQUITY PARTNERS, INC. $15,000 n/a 0.0%

North Dakota's top lender by overall market share is Gate City Bank, with 13.0% market share. In second place, with 5.8%, is First International Bank & Trust, having originated $183,860,000 in loans. In third place, with 4.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $144,470,000 in loans. In fourth place, with 3.9%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $124,320,000 in loans. In fifth place, with 3.5%, is Bell Bank, having originated $111,195,000 in loans.

North Dakota Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 8,284 $2,361,750,000 $285,098
Refi 1,429 $428,005,000 $299,514
Other 1,163 $115,525,000 $99,334
Home Improvement 1,151 $86,895,000 $75,495
Cash Out Refi 1,054 $203,970,000 $193,520
NA 1 $245,000 $245,000

North Dakota's most frequently cited loan purpose was Home Purchase, with 8,284 originations. The 2nd most popular reason was Refi, with 1,429 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 4,303 $1,170,195,000 $271,949
5-6% 2,591 $786,395,000 $303,510
7-8% 2,301 $574,705,000 $249,763
Over 8% 2,073 $238,815,000 $115,203
4-5% 475 $114,935,000 $241,968
<2.5% 72 $3,970,000 $55,139
2.5-3% 27 $6,515,000 $241,296
3-4% 17 $2,685,000 $157,941

During 2024, North Dakota's most frequently originated rate bucket was 6-7%, with 4,303 originations.

Loan Sizing (North Dakota MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 5,311 $1,505,675,000 $283,501
$100,000 or less 3,283 $176,825,000 $53,861
$100k-200k 3,085 $463,375,000 $150,203
$400k-600k 1,026 $479,410,000 $467,261
$600k-1000k 270 $192,510,000 $713,000
$Over $1MM 107 $378,595,000 $3,538,271

North Dakota's loan sizing saw the bucket of loans from $200k-400k with 5,311 originations, totaling $1,505,675,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 5,425 $1,525,305,000 $281,162
60-80% 2,127 $768,305,000 $361,215
Under 20% 1,744 $94,480,000 $54,174
20-40% 1,313 $152,965,000 $116,500
40-60% 865 $200,185,000 $231,428
Over 100% 266 $115,470,000 $434,098

North Dakota's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5,425 originations, totaling $1,525,305,000 in origination value.