Grand Forks

Compare Current Grand Forks, North Dakota Mortgage Rates

Compare Grand Forks, 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 Grand Forks.

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

Grand Forks, ND Mortgage Rates as of December 1, 2022
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Grand Forks, ND Mortgage Rates

December 1, 2022

Current mortgage rates in Grand Forks, 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
Grand Forks, ND Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Grand Forks, North Dakota?

Below we provide helpful information on the real estate market, home prices and housing affordability in Grand Forks. Understand how much you need to earn to afford a home in Grand Forks, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Grand Forks 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 Grand Forks is right for you.

The median home value for Grand Forks, ND is $243,154

Based on current mortgage rates and a 10% down payment, you need to make $39,840 per year to buy the median priced home in Grand Forks

With this income, you could qualify for a $218,838 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 Grand Forks is $923

The median household income for Grand Forks, ND is $61,201

Based on this income, you can afford a home valued at approximately $373,528

The home price you can afford to buy based on household income in Grand Forks is 154% of the median home value which means housing prices are average. Grand Forks ranks 52 out of 53 counties in North Dakota and 2,540 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Grand Forks, North Dakota

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Grand Forks below.

Conforming loan limits for Grand Forks, ND

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Grand Forks, ND

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Grand Forks, ND

1 unit: $647,200

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