North Dakota

Current North Dakota Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in North Dakota. Review free, personalized mortgage rates for North Dakota based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in North Dakota. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates for North Dakota as of September 22, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's North Dakota Mortgage Rates Compare?

September 22, 2020

The current average rate for a 30 year fixed rate mortgage in North Dakota is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
North Dakota Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in North Dakota?

Below we offer valuable insights on the housing market and real estate prices in North Dakota. Understand how much you need to make to buy a house in North Dakota, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in North Dakota is affordable for you. We provide this helpful information to help you decide if living in North Dakota is right for you.

The median home value for North Dakota is $202,863

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in North Dakota is $36,510

With this income, you could qualify for a $182,577 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in North Dakota is $846

The median household income for North Dakota is $65,240

Based on this income, you can afford a home valued at approximately $362,495

The home price you can afford to buy based on household income in North Dakota is 179% of the median home value which means housing prices are affordable. North Dakota ranks 12 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in North Dakota is affordable


Additional Mortgage Resources for North Dakota Residents

Mortgage Rates for North Dakota Cities

Bismarck Mortgage Rates

Fargo Mortgage Rates

Grand Forks Mortgage Rates

Minot Mortgage Rates

Williston Mortgage Rates