North Dakota Mortgage Rates & Closing Costs
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% |
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 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.