North Dakota Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in North Dakota averaged
6.77%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
6.52% and
one month ago for the week of 2025-04-17, the
average rate was 6.34%.
North Dakota's average rate one year ago was 6.83%.
For refis of the same type during the week of 2025-05-22, the average rate
was 7.5%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| North Dakota 30 Year Fixed Rate | 2025-05-22 | 6.77% |
| North Dakota 30 Year Fixed Rate Refi | 2025-05-22 | 7.5% |
| North Dakota 15 Year Fixed Rate | 2025-05-22 | 6.61% |
| North Dakota 15 Year Fixed Rate Refi | 2025-05-22 | 6.69% |
| North Dakota 30 Year FHA | 2025-05-22 | 6.31% |
| North Dakota 30 Year FHA Refi | 2025-05-22 | 6.53% |
| North Dakota 30 Year USDA | 2025-05-22 | 5.97% |
| North Dakota 30 Year USDA Refi | 2025-05-22 | 6.43% |
| North Dakota 30 Year VA | 2025-05-22 | 6.24% |
| North Dakota 30 Year VA Refi | 2025-05-22 | 6.06% |
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.).
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.