Mortgage rates in North Dakota
30-yr fixed 7.18% · Freddie Mac PMMS, week of Nov 5, 2026 · APR benchmark 7.19% (APOR for locks from Nov 9, 2026) · Last reviewed Oct 18, 2026 by the Editorial Team
North Dakota offers stable prices and steady energy-driven demand.
Mortgage rates today by loan type
These are national averages. Lenders in North Dakota price off the same national market, so treat them as a benchmark: your quote depends on your credit, down payment, loan size and points. The APR benchmark folds in typical points and fees, so it shows what a prime borrower's APR looks like this week.
| Loan type | Avg rate | APR benchmarkAPOR | Source · as of | What it measures |
|---|---|---|---|---|
| 30-year fixed | 7.18% | 7.19% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 20-year fixed | 6.66% | 6.93% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 15-year fixed | 6.57% | 6.67% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 10-year fixed | 6.31% | 6.82% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 5-year ARM | 6.73% | 6.67% | Zillow (via NerdWallet)Nov 6, 2026 | Fixed for 5 years, then adjusts; APOR = prime ARM benchmark |
| 7-year ARM | — | 6.50% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| 10-year ARM | — | 6.63% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| FHA 30-year | 6.89% | — | Optimal Blue OBMMINov 5, 2026 | Locked FHA loans, all credit profiles; daily |
| VA 30-year | 6.71% | — | Optimal Blue OBMMINov 5, 2026 | Locked VA loans; daily |
| USDA 30-year | 6.86% | — | Optimal Blue OBMMINov 5, 2026 | Locked USDA loans; daily |
| Jumbo 30-year | 7.25% | — | Optimal Blue OBMMINov 5, 2026 | Locked loans above the conforming limit; daily |
APR benchmark = FFIEC/CFPB Average Prime Offer Rate for rate locks in the week starting Nov 9, 2026 (published in advance): a prime borrower's APR including typical points and fees. It is not a quote; your APR depends on credit, down payment and the points you pay. APOR is not published for FHA, VA, USDA or jumbo loans.
Calculate your North Dakota mortgage payment
The calculator starts from North Dakota's median list price, 20% down, the state's 0.95% effective property tax, its median insurance premium and its average closing costs. Switch to FHA or VA, change the down payment, or pick your county to set its conforming limit. For the month-by-month split of principal and interest, open the month-by-month amortization. To see how North Dakota's property tax and insurance compare with every other state, try the taxes-and-insurance payment calculator.
North Dakota vs. the U.S.
North Dakota's median list price is 12% below the U.S. median, so at the same 7.18% rate the principal and interest on a 20%-down loan runs $271 a month less. Five-year price growth here was the 13th-slowest of 51 jurisdictions.
| Measure | North Dakota | U.S. |
|---|---|---|
| Median list priceRealtor.com, Oct 2026 | $365,000 | $415,000 |
| Principal + interest, 20% down30-yr avg 7.18% | $1,978 | $2,249 |
| Average home-purchase loanHMDA 2025 | $321,234 | $404,828 |
| Average closing costsincl. transfer taxes | $2,243 | $4,661 |
| Median conventional rate paid2025 purchase loans | 6.38% | 6.50% |
| Mortgage approval rateHMDA 2025 | 85.9% | 76.6% |
| Home values, 1 yearFHFA index, Q2 2026 | +4.7% | +3.0% |
| Home values, 5 yearsFHFA index, Q2 2026 | +35.5% | +41.3% |
What North Dakota borrowers actually paid in 2025
This is the state-specific part. Federal HMDA records show the rate and costs on every North Dakota home-purchase loan closed in 2025. We compare like with like: 30-year fixed, first-lien, one-unit primary homes. On conventional loans, North Dakota borrowers paid 0.15 percentage points below the market benchmark at lock, the 2nd-lowest of all 50 states and the District of Columbia.
| 2025 purchase loans | Median rateND · U.S. | Over benchmarkND · U.S. | Closing costsND · U.S. | Paid pointsshare of loans | Median downequity on refis · ND |
|---|---|---|---|---|---|
| Conventional 30-yr fixed (conforming, 20%+ down)1,394 loans | 6.38%6.50% | −0.15+0.02 | $4,964$5,476 | 37.9%53.2% | 22.4% |
| FHA 30-yr fixed1,041 loans | 6.20%6.25% | +0.35+0.42 | $9,490$11,291 | 39.4%59.3% | 3.5% |
| VA 30-yr fixed824 loans | 6.13%6.13% | −0.38−0.36 | $7,145$6,554 | 52.9%59.3% | 0% |
| Conventional rate-and-term refinance168 loans | 6.25%6.38% | −0.09−0.06 | $4,912$4,390 | 42.9%45.4% | 29.4% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), medians. "Over benchmark" = rate spread, the APR minus APOR on the lock date, which removes the effect of when each loan locked. Closing costs = total loan costs on the Closing Disclosure. HMDA has no credit scores, so these are what borrowers paid, not what you will be offered. See the lenders active in North Dakota and what their borrowers paid.
North Dakota's biggest conventional lenders: what their borrowers paid
The 8 largest conventional lenders in North Dakota by 2025 purchase loans, out of 202 that made one. Each row is the median for that lender's comparable loans here: 30-year fixed, conforming, 20% or more down. A lower figure over the benchmark means cheaper pricing for the same week.
| Lender | 2025 loansshare in ND | Median rate | Over benchmark | Originationmedian | Paid pointsshare · median | Median down |
|---|---|---|---|---|---|---|
| Gate City Bank | 80313.9% | 6.13% | −0.38 | $3,595 | 17%$900 | 20.9% |
| First International Bank & Trust | 4307.4% | 6.50% | −0.13 | $1,472 | 56%$2,365 | 22.7% |
| United Wholesale Mortgage | 3115.4% | 6.50% | +0.07 | $3,495 | 37%$1,350 | 25% |
| First Community Credit Union | 2614.5% | 6.25% | −0.24 | $3,183 | 18%$656 | 23.1% |
| Bell Bank | 2574.4% | 6.49% | −0.12 | $1,542 | 72%$1,766 | 24% |
| Town And Country Credit Union | 1853.2% | 6.38% | −0.17 | $3,091 | 22%$776 | 25% |
| Fairway Independent Mortgage | 1793.1% | 6.49% | +0.11 | $3,673 | 73%$2,782 | 22.6% |
| Dakota Community Bank & Trust, National Association | 1652.9% | 6.00% | −0.34 | $2,925 | 12%$1,480 | 25.9% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), lenders with at least 30 comparable loans in North Dakota. Minimum credit scores are not shown here: conventional loans usually start at 620 (a lender floor; Fannie Mae's automated underwriting sets none), FHA 580 (500 with 10% down), VA none set by VA (lenders often 620). HMDA has no credit scores, so a lender's medians reflect its own mix of borrowers. FHA and VA lenders: North Dakota lender rankings.
How rates have moved
Weekly national averages over the past 30 days to 5 years. The 30- and 15-year lines are Freddie Mac average rates; the ARM lines are the APOR APR benchmark, because no free weekly ARM rate series exists.
- Now
- 7.18%
- Nov 5, 2026
- 1 week ago
- 7.24%
- −0.06 pts
- 1 month ago
- 7.40%
- −0.22 pts
- 1 year ago
- 6.22%
- +0.96 pts
30-year fixed: Freddie Mac PMMS (rate), weekly. National series.
What a mortgage costs in North Dakota
On a home at North Dakota's median list price of $365,000 with 20% down, the loan works out to $292,000, or about $1,978 a month in principal and interest at the 7.18% 30-year average.
What makes North Dakota different is the cost around the loan. Its 0.95% effective property-tax rate adds roughly $289 a month, and homeowners insurance — at the state's median 0.54% of home value — about $164 more, bringing the all-in estimate to $2,431. That figure is principal and interest at the 30-year average, property tax and insurance; at 20% down a conventional loan has no PMI, and HOA dues or local special assessments are not included. Your own price and down payment will move the number — work backward from your income with the price-you-can-afford calculator.
Payment at the $365,000 median list price by down payment and loan type
| Loan | Rate | Monthlyall-in | Mortgage ins. | Cash to close | Income needed28% rule · yearly |
|---|---|---|---|---|---|
| Conventional, 20% downNo PMI | 7.18%Freddie Mac 30-yr avg | $2,431P&I $1,978 | — | $75,243 | $104,000 |
| Conventional, 10% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $2,870P&I $2,225 | $192 | $38,743 | $123,000 |
| Conventional, 5% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $3,004P&I $2,349 | $202 | $20,493 | $129,000 |
| Conventional, 3% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $3,058P&I $2,398 | $207 | $13,193 | $131,000 |
| FHA, 3.5% down1.75% upfront MIP financed + annual MIP | 6.89%OBMMI FHA avg | $2,972P&I $2,358 | $161 | $15,018 | $127,000 |
| VA, 0% down2.15% funding fee financed; no monthly MI | 6.71%OBMMI VA avg | $2,861P&I $2,408 | — | $2,243 | $123,000 |
Monthly = principal and interest + property tax (0.95% effective) + homeowners insurance (about $164/mo — North Dakota's median premium, 0.54% of home value) + mortgage insurance. HOA dues and local special assessments are not included. Cash to close = down payment + North Dakota's average closing costs ($2,243). PMI is an illustrative 0.7% a year; FHA and VA figures use HUD's MIP schedule and VA's first-use funding fee. Income needed = the gross yearly income at which the monthly figure is 28% of pay, the classic housing-cost guideline. Lenders also limit your total monthly debts as a share of income, so car, student-loan and card payments raise the income you need.
Prices, loan limits and payments in North Dakota's biggest counties
Home prices, and so the loan you need, vary more inside North Dakota than rates do. The table covers the largest county markets. Pick a row to load it into the calculator above.
| County | Median list priceSep 2026 · yr/yr | Avg purchase loanHMDA 2025 | Conforming limitmax price at 20% down | At 20% down | Est. paymentP&I + tax + ins. | Calculator |
|---|---|---|---|---|---|---|
| Cass County712 homes for sale · Sep 2026 | $399,625-0.1% | $409,0072,411 loans | $832,750$1,040,937 | Conforming$319,700 loan | $2,661at 7.18% | |
| Burleigh County262 homes for sale · Sep 2026 | $499,923+8.4% | $341,3201,231 loans | $832,750$1,040,937 | Conforming$399,938 loan | $3,329at 7.18% | |
| Ward County175 homes for sale · Sep 2026 | $326,200-1.1% | $296,572846 loans | $832,750$1,040,937 | Conforming$260,960 loan | $2,172at 7.18% | |
| Grand Forks County151 homes for sale · Sep 2026 | $407,183+3.8% | $292,935741 loans | $832,750$1,040,937 | Conforming$325,746 loan | $2,712at 7.18% | |
| Stark County114 homes for sale · Sep 2026 | $356,000+1.1% | $290,809470 loans | $832,750$1,040,937 | Conforming$284,800 loan | $2,371at 7.18% | |
| Morton County99 homes for sale · Sep 2026 | $377,900-7.8% | $287,370422 loans | $832,750$1,040,937 | Conforming$302,320 loan | $2,517at 7.18% | |
| Williams County90 homes for sale · Sep 2026 | $421,250+8% | $322,701422 loans | $832,750$1,040,937 | Conforming$337,000 loan | $2,805at 7.18% | |
| Richland County63 homes for sale · Sep 2026 | $332,925-19.8% | $215,577156 loans | $832,750$1,040,937 | Conforming$266,340 loan | $2,217at 7.18% | |
| Bottineau County53 homes for sale · Sep 2026 | $267,500+0.9% | $245,17557 loans | $832,750$1,040,937 | Conforming$214,000 loan | $1,781at 7.18% | |
| Mclean County46 homes for sale · Sep 2026 | $357,225+8.7% | $225,092109 loans | $832,750$1,040,937 | Conforming$285,780 loan | $2,379at 7.18% | |
| Mckenzie County41 homes for sale · Sep 2026 | $470,000+4.4% | $381,181144 loans | $832,750$1,040,937 | Conforming$376,000 loan | $3,130at 7.18% | |
| Ramsey County38 homes for sale · Sep 2026 | $330,000+28.3% | $233,77890 loans | $832,750$1,040,937 | Conforming$264,000 loan | $2,198at 7.18% |
Sources: Realtor.com county research data (median listing price, Sep 2026); FHFA 2026 one-unit conforming limits; 2025 HMDA home-purchase originations (average loan, all loan types). Payments use the 30-year average (7.18%, or the jumbo average 7.25% above the limit), North Dakota's 0.95% effective property tax and its median insurance premium (0.54% of value), both from Census ACS 2024 data; county tax rates differ. Max price at 20% down = the county limit ÷ 0.8, the highest price at which a 20%-down loan stays conforming. Homes for sale = active Realtor.com listings in the month, excluding pending sales.
What's different about buying a home in North Dakota
Rates are national, but the rules around the loan are not. These North Dakota specifics can change your payment, your closing or your protections as a borrower.
Residential taxable value is 4.5% of market value
North Dakota calculates a home's taxable value at 4.5% of its true and full value, then applies the local millage rate. In the Tax Commissioner's example, a $275,000 home in a 250-mill area owes $3,095, so the local mill levy shapes the tax portion of a payment.
Source: tax.nd.govPrimary Residence Credit: up to $1,600 off tax
North Dakota homeowners who live in their home as a primary residence can apply online each year, January 1 through April 1, for a property tax credit of up to $1,600 (2026 applications). It can't exceed the tax due, has no age or income limits, and is limited to one per household.
Source: tax.nd.govNo deficiency judgment on owner-occupied homes
North Dakota bars a deficiency judgment in a foreclosure of residential property with four or fewer units, on up to forty contiguous acres, containing a residence the owner occupies as a homestead. The lender cannot obtain a judgment for any shortfall; other property types can still face one.
Source: ndlegis.govPre-foreclosure notice and a sixty-day redemption period
A North Dakota lender must serve written notice thirty to ninety days before starting a foreclosure, and the owner can reinstate the mortgage by curing the default within thirty days of notice. After the sale, the owner generally has sixty days to redeem and keeps possession meanwhile.
Source: ndlegis.govFlood damage isn't covered by homeowners insurance
North Dakota's Insurance Department says flood damage is not covered under a standard homeowners policy. Flood insurance is a special policy backed by the federal NFIP, sold whether or not the home is in a floodplain, and it normally takes effect 30 days after purchase, so plan ahead of closing.
Source: insurance.nd.govChecked against official sources on October 20, 2026. Laws and programs change; confirm details with the agency named or a local real estate attorney.
How North Dakota buyers finance their homes
North Dakota's loan mix tracks the country's closely: 78.2% conventional, 11.6% FHA and 9.7% VA in 2025, against 78.0%, 13.2% and 8.2% nationally. Its FHA share ranks 22nd-lowest among the states.
| Loan type | Share in ND | U.S. share | Approval in ND | Avg loan in ND |
|---|---|---|---|---|
| Conventional | 78.2% | 78.0% | 86.3% | $272,401 |
| FHA | 11.6% | 13.2% | 81.8% | $271,311 |
| VA | 9.7% | 8.2% | 87.7% | $322,848 |
| USDA | 0.6% | 0.6% | 86.0% | $194,186 |
The average North Dakota home loan in 2025 was $276,680 — 22% below the U.S. average of $352,861, the 17th-smallest of 51 jurisdictions. Home purchases accounted for 71.8% of those loans (U.S. 64.2%); cash-out refinances for 10.9% (U.S. 17.1%), a sign that fewer owners here borrowed against their equity.
Source: 2025 HMDA originations, FFIEC/CFPB. Approval = originated ÷ (originated + denied).
North Dakota loan limits for 2026
All 53 of North Dakota's counties use the 2026 baseline conforming limit of $832,750 for a one-unit home. Any loan above that is a jumbo loan here, which usually means a larger down payment and cash reserves. See the full national grid in our national loan limit grid.
County limits: FHFA 2026 conforming loan limit list (one-unit properties; two- to four-unit limits are higher).
Cash you'll need to close in North Dakota
Average closing costs in North Dakota are about $2,243 including transfer taxes (among the lowest in the country). On a home at the median list price of $365,000:
| 20% down | 3% down | |
|---|---|---|
| Down payment | $73,000 | $10,950 |
| Average closing costs | $2,243 | $2,243 |
| Cash to close (estimate) | $75,243 | $13,193 |
Prepaid taxes and insurance are extra. Closing-cost averages by state (source: Bankrate).
Transfer taxes and recording rules in North Dakota
North Dakota voters amended the state constitution in 2014 (Measure 2, now Article X, Section 27) to forbid the state and local governments from imposing mortgage taxes or any sales or transfer tax on the mortgage or transfer of real property. Source: vip.sos.nd.gov
Getting approved in North Dakota
Federal HMDA lending records show North Dakota lenders originated 14,333 home loans in 2025 and denied 2,353 applications — an approval rate near 85.9% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our state-by-state approval data, and how North Dakota ranks for lender complaint report (255 on record).
Shopping for a loan? See the most active mortgage lenders in North Dakota, ranked by federal HMDA volume.
Down-payment help in North Dakota
You rarely need 20% down. These are the main programs from NDHFA, North Dakota's housing finance agency; they are offered through participating lenders, usually alongside the agency's own first mortgage.
Down Payment and Closing Cost Assistance (DCA)
NDHFA assistance equal to 3% of the first mortgage for the down payment, closing costs and prepaids, used with its FirstHome loan for buyers who haven't owned a home in three years; it can't be stacked with other assistance programs.
Source: ndhfa.orgStart
A parallel NDHFA 3% assistance option for one- and two-unit homes where the buyer lives in one unit.
Source: ndhfa.orgChecked against official sources on October 9, 2026. Assistance amounts, income limits and funding change during the year — confirm current terms with NDHFA or a participating lender.
No state mortgage credit certificate in North Dakota
North Dakota Housing's homeownership programs include no MCC. MCC programs by state.
Check current terms at NDHFA, see how a smaller down payment changes your number with the down-payment size calculator, or compare nationwide assistance programs.
How these numbers are measured
- Freddie Mac PMMS (30- and 15-year): a weekly average of rates offered to borrowers with 20% down and strong credit, published Thursdays; latest week Nov 5, 2026. Points are not reported.
- Optimal Blue OBMMI (FHA, VA, USDA, jumbo): daily averages of rates actually locked, across credit profiles. Points vary by loan.
- APOR (APR benchmark): FFIEC/CFPB's weekly Average Prime Offer Rate, an APR that includes typical points and fees for a prime borrower. Regulators use it to flag higher-priced loans.
- HMDA 2025 (North Dakota vs U.S.): rates, costs, points and down payments on loans that actually closed, reported by lenders to federal regulators. Updated once a year.
- Census ACS 2024 (property tax and insurance): what homeowners with a mortgage in North Dakota reported paying — the median real-estate tax divided by the median home value, and the median insurance premium as a share of value. Updated once a year.
- Interest rate vs APR: the rate sets your payment; the APR adds points and lender fees spread over the loan. Compare APRs on Loan Estimates for the same day and loan type.
Rates and APOR refresh every week; HMDA, loan limits and closing-cost averages refresh when their publishers release new data. Reviewed by our editorial desk. Full sources and formulas: sourcing notes.
North Dakota mortgage FAQ
What is a good mortgage rate in North Dakota right now?
A 30-year fixed close to the national average of 7.18% (Freddie Mac, week of Nov 5, 2026) is a fair benchmark for a borrower with strong credit and 20% down. In 2025, North Dakota's conventional buyers paid a median 6.38%.
Quotes well above that usually reflect lower credit, a small down payment or lender credits taken in exchange for a higher rate.
Are mortgage rates higher in North Dakota than in other states?
No, if anything slightly lower. In 2025 HMDA records, North Dakota's median conventional 30-year rate was 6.38%, against 6.50% nationally.
Against the benchmark for each loan's lock week, which counts points and fees, North Dakota loans priced 0.15 percentage points below it (the 2nd-lowest of all 50 states and the District of Columbia), against 0.02 above nationally.
Rates are set mainly in one national market, so your credit, down payment and loan size matter more.
What are current jumbo mortgage rates in North Dakota?
The national jumbo 30-year average is 7.25% (Optimal Blue). A loan is jumbo above the $832,750 conforming limit, which applies in every North Dakota county. Jumbo lenders typically want 10–20% down, a 700+ credit score and 6–12 months of reserves.
Should I choose a 15-year or 30-year mortgage?
On a $292,000 loan (20% down on North Dakota's median list price), a 30-year at 7.18% costs $1,978 a month and a 15-year at 6.57% costs $2,555.
The 15-year saves about $252,240 in interest but needs $577 more a month, so it fits only if that payment is comfortable.
How much does a 1% difference in mortgage rates change my monthly payment?
On a $292,000 loan (20% down on North Dakota's median list price), moving from 7.18% to 8.18% raises the principal-and-interest payment from $1,978 to $2,179, or $201 a month.
Over 30 years that is about $72,445 more in interest, which is why comparing several lenders on the same day matters.
Are mortgage rates different for purchase and refinance loans?
Yes, slightly. In 2025, North Dakota's conventional rate-and-term refinances closed at a median 6.25% and purchases at 6.38%, partly because refinances bunch up when rates dip. Refinances priced 0.09 percentage points below the market benchmark; cash-out refinances usually cost more. Your own pricing depends on credit, loan-to-value and points.
How much is a $400,000 mortgage at 7.18% interest?
About $2,710 a month in principal and interest over 30 years. In North Dakota, a $500,000 home with that loan adds roughly $396 a month in property tax at the 0.95% effective rate, plus homeowners insurance. Over 30 years the loan costs about $575,506 in interest.
How much income do I need to buy a home in North Dakota?
About $104,000 a year for a home at the $365,000 median list price with 20% down, if the full $2,431 monthly payment, including tax and insurance, stays within 28% of gross income.
Smaller down payments add mortgage insurance and raise that figure; existing debts lower what lenders approve.
What down payment assistance is available in North Dakota?
NDHFA, the state housing finance agency, runs Down Payment and Closing Cost Assistance (DCA) and Start, offered through participating lenders. Help usually comes as a grant or a deferred or forgivable second loan paired with the agency's first mortgage.
Amounts, income limits and funding change during the year, so confirm current terms with NDHFA or a participating lender before you apply.
- Freddie Mac — Primary Mortgage Market Survey
- FFIEC / CFPB — Average Prime Offer Rates (APOR)
- FFIEC / CFPB — HMDA data browser (2025 loan-level records)
- Optimal Blue OBMMI via FRED (FHA, VA, USDA, jumbo)
- FHFA — 2026 conforming loan limits by county
- U.S. Census Bureau — 2024 American Community Survey microdata (property tax and homeowners insurance)
- HUD — Handbook 4000.1 (FHA mortgage insurance)
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.