See the latest North Dakota mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 years. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in North Dakota could be easier with today’s mortgage rates.
North Dakota Mortgage Rates –
The table below shows today’s home purchase mortgage rates for North Dakota, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.31% | 6.36% | 6.41% | |
| North Dakota | 6.40% | 6.45% | 6.50% | |
| Credit Unions | 6.00% | 6.05% | 6.20% | 8.8/10 |
| Online lenders | 6.10% | 6.15% | 6.30% | 8.0/10 |
| Banks | 6.40% | 6.45% | 6.50% | 8.0/10 |
| 30 year fixed | 6.40% | 6.45% | 6.50% | |
| 30 year fixed FHA | 6.87% | 6.92% | 6.97% | |
| 30 year fixed VA | 6.13% | 6.18% | 6.23% | |
| 30 year fixed Jumbo | 6.63% | 7.01% | 7.20% | |
| 20 year fixed | 5.95% | 6.00% | 6.05% | |
| 15 year fixed | 6.07% | 6.12% | 6.17% | |
| 10 year fixed | 5.99% | 6.04% | 6.09% | |
| 3 year ARM | 4.86% | 4.91% | 4.96% | |
| 5 year ARM | 6.42% | 6.47% | 6.52% | |
| 7 year ARM | 6.44% | 6.49% | 6.54% | |
| 10 year ARM | 6.40% | 6.45% | 6.50% | |
| Satisfaction | 9.0/10 | 8.2/10 | 8.5/10 |
Source: MFP’s Community Home Purchase Rates Survey from North Dakota members in the last 30 days.
How North Dakota Compares to National Averages
- North Dakota mortgage rates (6.40% for best credit scores) are slightly above national averages (national average: 6.31%).
- Credit unions are more competitive: In North Dakota, credit unions offer 6.00%, banks 6.40%, online lenders 6.10%.
Mortgage Options in North Dakota
- 30 year fixed: 6.40% - most popular long-term option for predictable payments
- 20 year fixed: 5.95% - balance between payment size and interest savings
- 15 year fixed: 6.07% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.99% - shortest fixed-term option with competitive rates
- 10 year variable: 4.86% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.42% - A mid-term variable option...
- 5 year variable: 6.44% - Shorter-term variable mortgage...
- 3 year variable: 6.40% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Cities Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Fargo | 6.39% | 5.60% |
| Bismarck | 6.43% | 5.64% |
| Grand Forks | 6.41% | 5.62% |
| Minot | 6.45% | 5.66% |
| Williston | 6.42% | 5.63% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by ND Homeowners
North Dakota homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in North Dakota
FAQs – North Dakota Mortgage Rates
Are home purchase rates higher in North Dakota than the U.S. average?
North Dakota mortgage rates typically run slightly above the national average, though competitive local lenders can help borrowers find favorable terms.
What credit score is best for buying a home in North Dakota?
A credit score of 720 or higher typically secures the best mortgage rates available in North Dakota.
Is it better to choose a fixed-rate or ARM in North Dakota?
Fixed-rate mortgages provide payment stability for long-term homeowners, while ARMs may benefit those planning to move or refinance within a few years.
More North Dakota Home Information:
North Dakota Best Mortgage Lenders
North Dakota Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for North Dakota Homeowners.