Compare Current Bismarck, North Dakota Mortgage Rates

Compare Bismarck, ND mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Bismarck.

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

Bismarck, ND Mortgage Rates as of April 12, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Bismarck, ND Mortgage Rates

April 12, 2024

Current mortgage rates in Bismarck, ND are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Bismarck, ND Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Bismarck, North Dakota?

Below we provide helpful information on the real estate market, home prices and housing affordability in Bismarck. Understand how much you need to earn to afford a home in Bismarck, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bismarck fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Bismarck is right for you.

The median home value for Bismarck, ND (Burleigh County) is $287,382

Based on current mortgage rates and a 10% down payment, you need to make $59,952 per year to buy the median priced home in Bismarck

With this income, you could qualify for a $258,644 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 Bismarck is $1,388

The median household income for Bismarck, ND (Burleigh County) is $69,423

Based on this income, you can afford a home valued at approximately $332,779

The home price you can afford to buy based on household income in Bismarck is 116% of the median home value which means housing prices are average. Bismarck (Burleigh County) ranks 52 out of 53 counties in North Dakota and 2,575 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Bismarck, ND is average


Loan Limits for Bismarck, North Dakota

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bismarck (Burleigh County) below.

Conforming loan limits for Bismarck, ND

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Bismarck, ND

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Bismarck, ND

1 unit: $726,200

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