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 6.66% for the week of 2024-07-03, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-27) was 6.37% and one month ago for the week of 2024-05-30, the average rate was 6.54%.

North Dakota's average rate one year ago was 6.62%.

For refis of the same type during the week of 2024-07-03, the average rate was 6.8%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-03 6.95%
North Dakota 30 Year Fixed Rate 2024-07-03 6.66%
North Dakota 30 Year Fixed Rate Refi 2024-07-03 6.8%
North Dakota 15 Year Fixed Rate 2024-07-03 6.38%
North Dakota 15 Year Fixed Rate Refi 2024-07-03 6.75%
North Dakota 30 Year FHA 2024-07-03 6.62%
North Dakota 30 Year FHA Refi 2024-07-03 6.72%
North Dakota 30 Year USDA 2024-07-03 6.36%
North Dakota 30 Year USDA Refi 2024-07-03 6.54%
North Dakota 30 Year VA 2024-07-03 6.49%
North Dakota 30 Year VA Refi 2024-07-03 6.48%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Gate City Bank 781 6.08% $5,565
UNITED WHOLESALE MORTGAGE, LLC 256 6.88% $5,355
FIRST COMMUNITY CREDIT UNION 221 6.38% $4,646
First International Bank & Trust 208 6.70% $4,689
QUICKEN LOANS, LLC 144 6.82% $6,685
U.S. Bank 140 6.74% $3,741
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 139 6.78% $5,704
First Western Bank & Trust 128 6.24% $4,790
VALLEY MORTGAGE, INC. 123 6.46% $3,714
American Bank Center 113 6.52% $4,876
Bell Bank 112 6.49% $5,497
Dakota Community Bank & Trust 112 6.42% $5,408
ARK-LA-TEX FINANCIAL SERVICES, LLC. 107 6.68% $3,898
Bremer Bank 103 6.61% $5,564
Choice Financial Group 97 6.21% $6,043
CAPITAL CREDIT UNION 87 6.41% $5,261
Alerus Financial 76 6.75% $2,911
TOWN AND COUNTRY Credit Union 75 6.37% $5,155
Starion Bank 62 5.63% $6,501
Wells Fargo Bank 49 6.53% $5,767
NEWREZ LLC 43 6.61% $5,621
Western State Bank 39 6.67% $3,446
Barrington Bank & Trust Company, N.A. 37 6.40% $4,422
Dacotah Bank 36 6.79% $3,989
Bank of England 36 7.25% $5,650
Unify Home Lending Inc. 34 6.87% $4,773
Flagstar Bank, FSB 33 6.75% $7,223
WESTERN COOPERATIVE CREDIT UNION 28 6.49% $5,095
JPMorgan Chase Bank 28 6.65% $3,240
GUARANTEED RATE, INC. 28 7.01% $7,099
Plains Commerce Bank 26 6.74% $5,711
Nations Lending Corporation 25 6.69% $3,546
First Savings Bank 23 6.67% $4,230
Frandsen Bank & Trust 22 6.75% $5,494
The Huntington National Bank 22 6.79% $3,590
BAY EQUITY LLC 21 6.56% $5,963
Bank Forward 21 6.54% $4,028
LOANDEPOT.COM, LLC 21 7.03% $6,347
PENNYMAC LOAN SERVICES, LLC 19 6.56% $6,694
Servion, Inc. 15 7.08% $4,626
Mr. Cooper ( Nationstar Mortgage ) 12 6.73% $9,104
MANN FINANCIAL INC. 11 5.26% $573
Merchants Bank 11 6.79% $5,706
Deere Employees Credit Union 10 6.32% $3,104
SeaTrust Mortgage Company 10 6.70% $6,040
FIRST COLONY MORTGAGE CORPORATION 10 6.25% $5,506
BROKER SOLUTIONS, INC. 10 7.06% $7,085
BMO Harris Bank 9 6.60% $3,751
USAA Federal Savings Bank 9 6.67% $5,315
Citizens Bank 9 6.40% $5,124
PRIMARY RESIDENTIAL MORTGAGE, INC. 9 6.86% $7,547
First Federal Bank 8 6.83% $5,895
BNC National Bank 8 6.18% $6,907
AMERISAVE MORTGAGE CORPORATION 8 6.67% $6,623
Mortgage Research Center, LLC 8 6.98% $3,506
Florida Capital Bank 7 6.79% $3,978
AMCAP MORTGAGE, LTD. 7 6.80% $6,075
GUILD MORTGAGE COMPANY 6 6.23% $5,409
American Mortgage & Equity Consultants, Inc. 6 6.94% $7,124
ZILLOW HOME LOANS, LLC 5 6.68% $5,807
ON Q FINANCIAL, INC. 5 7.57% $3,802
PREMIA MORTGAGE, LLC 4 6.18% $1,319
AFFINITY PLUS 4 6.44% $5,209
CROSSCOUNTRY MORTGAGE, LLC 4 6.88% $4,600
GREAT RIVER FEDERAL CREDIT UNION 4 5.65% $4,815
NAVY FEDERAL CREDIT UNION 4 7.06% $3,459
PREMIER MORTGAGE RESOURCES, L.L.C. 4 7.21% $7,348
Stockman Bank of Montana 4 6.34% $4,998
THRIVENT Federal Credit Union 4 6.69% $5,861
TOWNE MORTGAGE COMPANY 4 6.91% $7,772
CMG MORTGAGE, INC. 3 5.63% $6,272
SIRVA MORTGAGE, INC. 3 6.83% $54
MUTUAL OF OMAHA MORTGAGE, INC. 3 7.37% $5,029
CRESCENT MORTGAGE COMPANY 3 7.17% $4,875
Ally Bank 3 6.96% $6,065
CARDINAL FINANCIAL 3 6.16% $11,410
PNC Bank 3 6.83% $4,714
CENTRAL MINNESOTA Credit Union 3 7.09% $2,743
NBKC BANK 3 6.38% $2,930
FREEDOM MORTGAGE CORPORATION 3 6.38% $8,501
Baxter Credit Union 2 6.25% $2,305
PLAZA HOME MORTGAGE, INC. 2 7.56% $3,724
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 9.38% $15,439
EVERETT FINANCIAL, INC. 2 7.25% $6,048
ACADEMY MORTGAGE CORPORATION 2 6.31% $9,759
LAKEVIEW LOAN SERVICING, LLC 2 6.56% $8,425
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.88% $5,980
CHURCHILL MORTGAGE CORPORATION 2 6.81% $5,548
BETTER MORTGAGE CORPORATION 2 5.75% $2,206
First Bank & Trust 2 5.81% $8,216
West Gate Bank 2 7.00% $5,449
Truity Federal Credit Union 2 6.06% $4,362
GUARANTEED RATE AFFINITY, LLC 2 6.63% $14
Century Mortgage Company DBA Century Lending Company 2 6.13% $0
MEGASTAR FINANCIAL CORP. 2 6.50% $3,743
WINGS FINANCIAL 2 5.69% $2,619
Discover Bank 2 10.12% $0
Gateway First Bank 2 6.88% $3,493
Park State Bank 2 6.81% $5,637
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.19% $4,299
TRIAD FINANCIAL SERVICES, INC. 2 8.05% $6,900
BANKWEST, INC. 1 6.63% $3,803
Bank of the West 1 5.75% $3,897
Stifel Bank and Trust 1 5.75% $4,296
Stride Bank 1 7.13% $3,548
Summit Mortgage Corporation 1 5.75% $3,705
Bank of America 1 6.50% $2,980
Wyndham Capital Mortgage, Inc. 1 6.63% $3,017
TOTAL MORTGAGE SERVICES, LLC 1 5.99% $6,835
Arvest Bank 1 7.63% $2,734
ALLIANT CREDIT UNION 1 6.38% $3,229
ARC HOME LLC 1 7.50% $8,474
UNION HOME MORTGAGE CORP. 1 6.88% $2,448
UNIVERSAL LENDING CORPORATION 1 7.50% $9,205
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.38% $3,912
AMERICAN INTERNET MORTGAGE, INC. 1 6.50% $2,464
AMERICAN FINANCING CORPORATION 1 6.88% $7,867
American Bank & Trust 1 6.38% $7,228
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $4,796
Flanagan State Bank 1 6.25% $14,991
Fortress Bank 1 5.63% $5,187
Firstar Bank 1 6.38% $2,648
AmeriHome Mortgage Company, LLC 1 6.13% $5,244
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.38% $6,717
GREENSTATE CREDIT UNION 1 6.99% $3,661
Dollar Bank, Federal Savings Bank 1 6.25% $3,091
HOMESIDE FINANCIAL, LLC 1 7.50% $24,360
Lend Smart Mortgage, LLC 1 6.50% $2,599
LENDSURE MORTGAGE CORP. 1 9.00% $9,369
Liberty Bank Minnesota 1 7.00% $1,674
LIBERTY HOME MORTGAGE CORPORATION 1 6.75% $4,994
CORTRUST MORTGAGE, INC. 1 6.00% $6,140
Magnolia Bank 1 6.62% $9,118
COMPEER FINANCIAL, FLCA 1 8.63% $5,538
Minnwest Bank 1 6.75% $3,298
Morgan Stanley Private Bank 1 6.85% $2,817
CITIZENS EQUITY FIRST 1 6.13% $2,274
MOVEMENT MORTGAGE, LLC 1 6.38% $7,497
Citibank 1 5.88% $2,507
NETWORK CAPITAL FUNDING CORPORATION 1 7.13% $3,518
NEXERA HOLDING LLC 1 8.88% $12,344
Northpointe Bank 1 6.25% $6,242
OCMBC, INC. 1 8.25% $15,458
OPEN MORTGAGE, LLC 1 7.50% $12,221
Opportunity Bank of Montana 1 6.00% $6,094
PENTAGON FEDERAL CREDIT UNION 1 5.63% $5,402
CALIBER HOME LOANS, INC. 1 6.00% $3,501
Willamette Valley Bank 1 6.50% $9,223
BLACK HILLS FEDERAL CREDIT UNION 1 6.62% $5,431
Prosperity Home Mortgage, LLC 1 6.13% $4,514
RBC Bank, (Georgia) 1 5.88% $1,692
RESIDENTIAL BANCORP 1 6.99% $5,236
Service Federal Credit Union 1 5.50% $3,797

North Dakota Average Closing Costs & Other Stats

North Dakota's 153 lenders originated 11,922 loans during 2023. The total origination value was $2,893,600,000, with an average loan value of $242,711.

North Dakota's average closing costs are $5,043.

The top North Dakota lender as defined by loan originations is Gate City Bank, with 781 loans originated. Their average total fees are $5,565, which is $210 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee North Dakota lenders (with over 10 loans originated) are MANN FINANCIAL INC. ($573), Alerus Financial ($2,911), Deere Employees Credit Union ($3,104), JPMorgan Chase Bank ($3,240) and Western State Bank ($3,446).

The lowest rate North Dakota lenders (with over 10 loans originated) are MANN FINANCIAL INC. (5.26%), Starion Bank (5.63%), Gate City Bank (6.08%), Choice Financial Group (6.21%) and First Western Bank & Trust (6.24%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Gate City Bank $632,705,000 $407,640,000 -35.6% 14.1%
First International Bank & Trust $249,985,000 $154,645,000 -38.1% 5.3%
UNITED WHOLESALE MORTGAGE, LLC $155,070,000 $115,860,000 -25.3% 4.0%
Bell Bank $180,445,000 $99,385,000 -44.9% 3.4%
FIRST COMMUNITY CREDIT UNION $102,050,000 $91,435,000 -10.4% 3.2%
TOWN AND COUNTRY Credit Union $118,455,000 $90,545,000 -23.6% 3.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $62,070,000 $88,970,000 43.3% 3.1%
CAPITAL CREDIT UNION $154,605,000 $83,645,000 -45.9% 2.9%
Bremer Bank $116,255,000 $82,230,000 -29.3% 2.8%
First Western Bank & Trust $116,985,000 $78,305,000 -33.1% 2.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $89,545,000 $77,595,000 -13.3% 2.7%
Choice Financial Group $121,590,000 $73,080,000 -39.9% 2.5%
Alerus Financial $50,970,000 $72,400,000 42.0% 2.5%
QUICKEN LOANS, LLC $104,125,000 $67,995,000 -34.7% 2.3%
U.S. Bank $85,225,000 $62,860,000 -26.2% 2.2%
Dakota Community Bank & Trust $70,510,000 $59,695,000 -15.3% 2.1%
Security First Bank of North Dakota $10,185,000 $53,380,000 424.1% 1.8%
VALLEY MORTGAGE, INC. $61,485,000 $51,075,000 -16.9% 1.8%
Dacotah Bank $53,980,000 $47,205,000 -12.6% 1.6%
Wells Fargo Bank $67,505,000 $46,085,000 -31.7% 1.6%
American Bank Center $82,225,000 $45,310,000 -44.9% 1.6%
Starion Bank $89,360,000 $44,550,000 -50.1% 1.5%
BERKADIA COMMERCIAL MORTGAGE LLC $1,825,000 $44,535,000 2,340.3% 1.5%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $59,450,000 $43,055,000 -27.6% 1.5%
Mortgage Research Center, LLC $55,625,000 $41,835,000 -24.8% 1.4%
GUARANTEED RATE, INC. $57,915,000 $37,440,000 -35.4% 1.3%
Bank Forward $20,675,000 $36,230,000 75.2% 1.3%
American Federal Bank $42,360,000 $30,800,000 -27.3% 1.1%
Unify Home Lending Inc. $35,885,000 $23,620,000 -34.2% 0.8%
Bank of England $33,555,000 $22,190,000 -33.9% 0.8%
VISIONBank $12,780,000 $20,755,000 62.4% 0.7%
Flagstar Bank, FSB $34,590,000 $19,480,000 -43.7% 0.7%
Cornerstone Bank $35,255,000 $18,895,000 -46.4% 0.7%
NEWREZ LLC $15,725,000 $18,885,000 20.1% 0.7%
Union State Bank of Fargo $17,610,000 $18,475,000 4.9% 0.6%
Kirkwood Bank & Trust Co. $30,000,000 $18,140,000 -39.5% 0.6%
WESTERN COOPERATIVE CREDIT UNION $21,785,000 $17,595,000 -19.2% 0.6%
Arbor Realty Trust, Inc. $15,675,000 n/a 0.5%
Western State Bank $73,485,000 $15,560,000 -78.8% 0.5%
Barrington Bank & Trust Company, N.A. $24,555,000 $15,230,000 -38.0% 0.5%
BNC National Bank $38,790,000 $13,800,000 -64.4% 0.5%
Plains Commerce Bank $25,410,000 $13,355,000 -47.4% 0.5%
LOANDEPOT.COM, LLC $32,345,000 $12,730,000 -60.6% 0.4%
Unison Bank $19,975,000 $12,435,000 -37.7% 0.4%
The Huntington National Bank $26,445,000 $11,710,000 -55.7% 0.4%
PENNYMAC LOAN SERVICES, LLC $22,365,000 $11,350,000 -49.3% 0.4%
First State Bank $14,740,000 $11,255,000 -23.6% 0.4%
Nations Lending Corporation $1,005,000 $11,115,000 1,006.0% 0.4%
JPMorgan Chase Bank $13,605,000 $10,890,000 -20.0% 0.4%
USAA Federal Savings Bank $15,910,000 $10,505,000 -34.0% 0.4%
RAILWAY CREDIT UNION $8,570,000 $8,865,000 3.4% 0.3%
Frandsen Bank & Trust $6,820,000 $8,815,000 29.3% 0.3%
WALKER & DUNLOP, LLC $8,215,000 n/a 0.3%
BAY EQUITY LLC $1,745,000 $8,050,000 361.3% 0.3%
BROKER SOLUTIONS, INC. $5,995,000 $7,630,000 27.3% 0.3%
NAVY FEDERAL CREDIT UNION $14,395,000 $7,315,000 -49.2% 0.3%
FREEDOM MORTGAGE CORPORATION $16,825,000 $6,875,000 -59.1% 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $8,575,000 $6,835,000 -20.3% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $10,390,000 $6,680,000 -35.7% 0.2%
Old National Bank $285,000 $6,125,000 2,049.1% 0.2%
AgCountry Farm Credit Services, FLCA $2,685,000 $6,010,000 123.8% 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $5,605,000 n/a 0.2%
BMO Harris Bank $1,145,000 $5,515,000 381.7% 0.2%
VUE COMMUNITY CREDIT UNION $9,345,000 $5,500,000 -41.1% 0.2%
AMCAP MORTGAGE, LTD. $11,845,000 $4,870,000 -58.9% 0.2%
FIRST COLONY MORTGAGE CORPORATION $2,805,000 $4,855,000 73.1% 0.2%
Deere Employees Credit Union $10,540,000 $4,805,000 -54.4% 0.2%
AMERISAVE MORTGAGE CORPORATION $12,480,000 $4,755,000 -61.9% 0.2%
Citizens Bank $8,490,000 $4,565,000 -46.2% 0.2%
CARDINAL FINANCIAL $16,770,000 $4,455,000 -73.4% 0.2%
First Savings Bank $4,945,000 $4,320,000 -12.6% 0.1%
SeaTrust Mortgage Company $4,295,000 n/a 0.1%
V.I.P. MORTGAGE, INC. $4,220,000 n/a 0.1%
Midwest Bank $1,310,000 $4,090,000 212.2% 0.1%
The Federal Savings Bank $3,945,000 $3,995,000 1.3% 0.1%
MID AMERICA MORTGAGE, INC. $4,670,000 $3,990,000 -14.6% 0.1%
United Valley Bank $3,900,000 n/a 0.1%
PREMIER MORTGAGE RESOURCES, L.L.C. $805,000 $3,795,000 371.4% 0.1%
GUILD MORTGAGE COMPANY $17,215,000 $3,695,000 -78.5% 0.1%
Servion, Inc. $8,810,000 $3,665,000 -58.4% 0.1%
Merchants Bank $14,875,000 $3,360,000 -77.4% 0.1%
21ST MORTGAGE CORPORATION $3,650,000 $3,245,000 -11.1% 0.1%
TOWNE MORTGAGE COMPANY $3,110,000 n/a 0.1%
NBKC BANK $945,000 $2,985,000 215.9% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $2,440,000 $2,980,000 22.1% 0.1%
Hometown Credit Union $4,035,000 $2,790,000 -30.9% 0.1%
Discover Bank $2,615,000 $2,655,000 1.5% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $3,315,000 $2,585,000 -22.0% 0.1%
American Mortgage & Equity Consultants, Inc. $1,370,000 $2,500,000 82.5% 0.1%
First Federal Bank $395,000 $2,370,000 500.0% 0.1%
Unity Bank $2,275,000 n/a 0.1%
BANKWEST, INC. $3,040,000 $2,200,000 -27.6% 0.1%
PNC Bank $2,075,000 $2,185,000 5.3% 0.1%
PENTAGON FEDERAL CREDIT UNION $2,035,000 $2,175,000 6.9% 0.1%
THRIVENT Federal Credit Union $855,000 $2,175,000 154.4% 0.1%
MANN FINANCIAL INC. $670,000 $2,130,000 217.9% 0.1%
PREMIA MORTGAGE, LLC $5,420,000 $2,090,000 -61.4% 0.1%
AFFINITY PLUS $1,370,000 $2,075,000 51.5% 0.1%
Figure Lending LLC $400,000 $1,950,000 387.5% 0.1%
ZILLOW HOME LOANS, LLC $1,745,000 $1,850,000 6.0% 0.1%
CRESCENT MORTGAGE COMPANY $3,000,000 $1,815,000 -39.5% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $455,000 $1,775,000 290.1% 0.1%
Grandbridge Real Estate Capital LLC $61,310,000 $1,765,000 -97.1% 0.1%
CHURCHILL MORTGAGE CORPORATION $410,000 $1,635,000 298.8% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $275,000 $1,595,000 480.0% 0.1%
First Bank & Trust $1,575,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $2,930,000 $1,525,000 -48.0% 0.1%
CMG MORTGAGE, INC. $1,555,000 $1,490,000 -4.2% 0.1%
Stockman Bank of Montana $2,105,000 $1,445,000 -31.4% 0.0%
Bank of America $2,095,000 $1,440,000 -31.3% 0.0%
OPEN MORTGAGE, LLC $570,000 $1,395,000 144.7% 0.0%
Florida Capital Bank $8,360,000 $1,370,000 -83.6% 0.0%
PLAZA HOME MORTGAGE, INC. $705,000 $1,295,000 83.7% 0.0%
VILLAGE CAPITAL MORTGAGE $770,000 $1,250,000 62.3% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $1,205,000 n/a 0.0%
ON Q FINANCIAL, INC. $1,935,000 $1,205,000 -37.7% 0.0%
Century Mortgage Company DBA Century Lending Company $1,065,000 $1,090,000 2.3% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $975,000 $1,080,000 10.8% 0.0%
EVERETT FINANCIAL, INC. $550,000 $1,075,000 95.5% 0.0%
OCMBC, INC. $1,075,000 n/a 0.0%
GREAT RIVER FEDERAL CREDIT UNION $325,000 $1,020,000 213.8% 0.0%
Beverly Bank & Trust $1,005,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $510,000 $995,000 95.1% 0.0%
SIRVA MORTGAGE, INC. $955,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $1,030,000 $895,000 -13.1% 0.0%
MOVEMENT MORTGAGE, LLC $895,000 n/a 0.0%
Carrington Mortgage Services, LLC $875,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $695,000 $865,000 24.5% 0.0%
Northwestern Bank, NA $860,000 n/a 0.0%
West Gate Bank $850,000 n/a 0.0%
Truity Federal Credit Union $810,000 n/a 0.0%
DIGITAL Federal Credit Union $375,000 $775,000 106.7% 0.0%
Gateway First Bank $1,775,000 $775,000 -56.3% 0.0%
WINGS FINANCIAL $1,100,000 $775,000 -29.5% 0.0%
CENTRAL MINNESOTA Credit Union $770,000 $735,000 -4.5% 0.0%
Coastal Community Bank $720,000 n/a 0.0%
Flanagan State Bank $700,000 n/a 0.0%
Ally Bank $1,995,000 $685,000 -65.7% 0.0%
Armed Forces Bank $1,535,000 $680,000 -55.7% 0.0%
BETTER MORTGAGE CORPORATION $4,755,000 $660,000 -86.1% 0.0%
Truist $2,355,000 $640,000 -72.8% 0.0%
Dollar Bank, Federal Savings Bank $635,000 n/a 0.0%
SKYONE Federal Credit Union $635,000 n/a 0.0%
Equity Prime Mortgage LLC $235,000 $625,000 166.0% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $605,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $195,000 $585,000 200.0% 0.0%
ACADEMY MORTGAGE CORPORATION $570,000 n/a 0.0%
CALIBER HOME LOANS, INC. $46,325,000 $570,000 -98.8% 0.0%
Park State Bank $570,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $2,785,000 $560,000 -79.9% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $3,500,000 $535,000 -84.7% 0.0%
Paramount Residential Mortgage Group, Inc. $1,765,000 $530,000 -70.0% 0.0%
FINANCE OF AMERICA REVERSE LLC $200,000 $525,000 162.5% 0.0%
Morgan Stanley Private Bank $1,365,000 $520,000 -61.9% 0.0%
First Resource Bank $3,060,000 $505,000 -83.5% 0.0%
Valley Premier Bank $480,000 n/a 0.0%
Baxter Credit Union $225,000 $475,000 111.1% 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $470,000 n/a 0.0%
American Bank & Trust $1,190,000 $465,000 -60.9% 0.0%
SOUTHWEST STAGE FUNDING, LLC $245,000 $465,000 89.8% 0.0%
Bank of the West $2,670,000 $450,000 -83.1% 0.0%
TOTAL MORTGAGE SERVICES, LLC $440,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $700,000 $430,000 -38.6% 0.0%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $430,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $275,000 $430,000 56.4% 0.0%
American Airlines Federal Credit Union $420,000 n/a 0.0%
VERVE, A CREDIT UNION $2,680,000 $415,000 -84.5% 0.0%
Hinsdale Bank & Trust Company $405,000 n/a 0.0%
PLANET HOME LENDING, LLC $1,690,000 $395,000 -76.6% 0.0%
Willamette Valley Bank $500,000 $395,000 -21.0% 0.0%
DAS Acquisition Company, LLC $385,000 n/a 0.0%
Prosperity Home Mortgage, LLC $1,400,000 $380,000 -72.9% 0.0%
Home State Bank $365,000 n/a 0.0%
M&T Bank $200,000 $340,000 70.0% 0.0%
First Interstate Bank $19,900,000 $335,000 -98.3% 0.0%
MEGASTAR FINANCIAL CORP. $320,000 n/a 0.0%
CITYWIDE HOME LOANS, LLC $315,000 n/a 0.0%
Peoples Bank $135,000 $315,000 133.3% 0.0%
DEEPHAVEN MORTGAGE LLC $310,000 n/a 0.0%
UNIVERSAL LENDING CORPORATION $65,000 $305,000 369.2% 0.0%
ARC HOME LLC $490,000 $295,000 -39.8% 0.0%
Quontic Bank $295,000 n/a 0.0%
RESIDENTIAL BANCORP $810,000 $295,000 -63.6% 0.0%
Magnolia Bank $795,000 $285,000 -64.2% 0.0%
Opportunity Bank of Montana $285,000 n/a 0.0%
HIWAY $75,000 $280,000 273.3% 0.0%
Minnwest Bank $235,000 $280,000 19.1% 0.0%
COMPEER FINANCIAL, FLCA $255,000 $275,000 7.8% 0.0%
GREENSTATE CREDIT UNION $275,000 n/a 0.0%
LENDSURE MORTGAGE CORP. $275,000 n/a 0.0%
Northpointe Bank $630,000 $275,000 -56.3% 0.0%
The First National Bank in Sioux Falls $260,000 n/a 0.0%
CORNERSTONE HOME LENDING, INC. $255,000 n/a 0.0%
CITIZENS EQUITY FIRST $105,000 $245,000 133.3% 0.0%
CORTRUST MORTGAGE, INC. $505,000 $245,000 -51.5% 0.0%
Citibank $235,000 n/a 0.0%
HOMESTAR FINANCIAL CORPORATION $4,270,000 $235,000 -94.5% 0.0%
Stifel Bank and Trust $3,175,000 $235,000 -92.6% 0.0%
NEXERA HOLDING LLC $225,000 n/a 0.0%
RBC Bank, (Georgia) $780,000 $225,000 -71.2% 0.0%
Secured Investment Corp. $225,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $710,000 $225,000 -68.3% 0.0%
BLACK HILLS FEDERAL CREDIT UNION $95,000 $215,000 126.3% 0.0%
First National Bank of Omaha $470,000 $215,000 -54.3% 0.0%
Liberty Bank Minnesota $215,000 n/a 0.0%
Signature Federal Credit Union $215,000 n/a 0.0%
ALLIANT CREDIT UNION $205,000 n/a 0.0%
Fortress Bank $915,000 $205,000 -77.6% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $205,000 n/a 0.0%
CBI Bank & Trust $195,000 n/a 0.0%
Commerce Home Mortgage, Inc. $765,000 $195,000 -74.5% 0.0%
Firstar Bank $195,000 n/a 0.0%
Service Federal Credit Union $470,000 $195,000 -58.5% 0.0%
TOP FLITE FINANCIAL, INC. $155,000 $180,000 16.1% 0.0%
Arvest Bank $175,000 n/a 0.0%
Chartwell Financial, LLC $195,000 $155,000 -20.5% 0.0%
Chickasaw Community Bank $195,000 $155,000 -20.5% 0.0%
LONGBRIDGE FINANCIAL, LLC $125,000 $145,000 16.0% 0.0%
First PREMIER Bank $490,000 $135,000 -72.4% 0.0%
UNION HOME MORTGAGE CORP. $135,000 n/a 0.0%
Summit Mortgage Corporation $470,000 $105,000 -77.7% 0.0%
Connexus Credit Union $95,000 n/a 0.0%
Stride Bank $95,000 n/a 0.0%
AMERICAN INTERNET MORTGAGE, INC. $605,000 $85,000 -86.0% 0.0%
Lend Smart Mortgage, LLC $1,880,000 $75,000 -96.0% 0.0%
Black Hills Community Bank $65,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $365,000 $55,000 -84.9% 0.0%
UNITED $55,000 n/a 0.0%
STAR USA FEDERAL CREDIT UNION $25,000 $45,000 80.0% 0.0%
Centier Bank $55,000 $35,000 -36.4% 0.0%

North Dakota's top lender by overall market share is Gate City Bank, with 14.1% market share. In second place, with 5.3%, is First International Bank & Trust, having originated $154,645,000 in loans. In third place, with 4.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $115,860,000 in loans. In fourth place, with 3.4%, is Bell Bank, having originated $99,385,000 in loans. In fifth place, with 3.2%, is FIRST COMMUNITY CREDIT UNION, having originated $91,435,000 in loans.

North Dakota Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 7,763 $2,157,105,000 $277,870
Home Improvement 1,190 $89,280,000 $75,025
Other 1,088 $140,330,000 $128,980
Refi 973 $345,455,000 $355,041
Cash Out Refi 907 $161,335,000 $177,878
NA 1 $95,000 $95,000

North Dakota's most frequently cited loan purpose was Home Purchase, with 7,763 originations. The 2nd most popular reason was Home Improvement, with 1,190 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 4,547 $1,121,675,000 $246,685
7-8% 2,364 $538,640,000 $227,851
5-6% 2,159 $649,465,000 $300,818
Over 8% 1,695 $185,935,000 $109,696
4-5% 174 $71,920,000 $413,333
3-4% 150 $40,430,000 $269,533
2.5-3% 50 $21,990,000 $439,800
<2.5% 16 $3,230,000 $201,875

During 2023, North Dakota's most frequently originated rate bucket was 6-7%, with 4,547 originations.

Loan Sizing (North Dakota MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 4,553 $1,267,395,000 $278,365
$100,000 or less 3,194 $170,150,000 $53,272
$100k-200k 3,039 $454,845,000 $149,669
$400k-600k 795 $371,765,000 $467,629
$600k-1000k 239 $169,625,000 $709,728
$Over $1MM 102 $459,820,000 $4,508,039

North Dakota's loan sizing saw the bucket of loans from $200k-400k with 4,553 originations, totaling $1,267,395,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 5,152 $1,364,150,000 $264,781
60-80% 2,126 $709,920,000 $333,923
Under 20% 1,632 $80,130,000 $49,099
20-40% 1,214 $151,040,000 $124,415
40-60% 796 $261,170,000 $328,103
Over 100% 202 $95,430,000 $472,426

North Dakota's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5,152 originations, totaling $1,364,150,000 in origination value.