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Bismarck

Current Mortgage Rates in Bismarck, North Dakota

Compare mortgage rates and fees for leading lenders in Bismarck, ND. 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 lender offering the best 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.

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Mortgage Rates in Bismarck, ND as of October 22, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Bismarck, ND Mortgage Rates Compare?

October 22, 2019

The current average rate for a 30 year fixed rate mortgage in Bismarck 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
Today's
Bismarck, ND Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Bismarck, North Dakota?

The median home value for Bismarck, ND (Burleigh County) is $267,064

The median household income for Bismarck, ND (Burleigh County) is $69,366

Based on current mortgage rates and a 10% down payment, you need to make $49,549 per year to buy the median priced home in Bismarck

The home price you can afford to buy based on household income in Bismarck is 140% of the median home value which means housing prices are average

Bismarck (Burleigh County) ranks 53 out of 53 counties in North Dakota and 2,676 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

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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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Bismarck, ND

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Bismarck, ND

1 unit: $484,350

Additional Mortgage Resources for Bismarck, ND Residents

Mortgage Rates for North Dakota Cities

Bismarck Mortgage Rates

Fargo Mortgage Rates

Grand Forks Mortgage Rates

Minot Mortgage Rates

Williston Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index