Mortgage Rates in North Dakota

As of Tuesday, April 13, 2021, current rates in North Dakota are 3.21% for a 30-year fixed, and 2.44% for a 15-year fixed.

Bankrate has offers for North Dakota mortgage and refinances from top partners that are well below the national average. Compare, apply, and start saving today.

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $548,250 May Have Different Loan Terms: If you are seeking a loan for more than $548,250, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

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Compare today's average mortgage rates in the state of North Dakota. Bankrate aggregates mortgage rates from multiple sources to provide averages for North Dakota.

North Dakota Mortgage Interest Rates Tuesday, April 13
Loan Term Interest Rate Change 1 Day Rate Last Week
30-year fixed mortgage rate 3.21% trend-up-red 0.08% 3.29%
15-year fixed mortgage rate 2.44% trend-up-red 0.07% 2.51%
30-year fixed jumbo mortgage rate 3.20% trend-up-red 0.07% 3.27%
30-year fixed refinance rate 3.29% trend-up-red 0.13% 3.42%

Lenders nationwide provide weekday mortgage rates to our comprehensive national survey to help consumers in their mortgage process. To learn more about the different rate averages Bankrate publishes above, see Understanding Bankrate's Rate Averages.

North Dakota mortgage overview

By Zach Wichter

North Dakota tends to have more affordable housing compared to the rest of the U.S., with a median home value of $185,000, according to Census figures.

If you’re buying a home in North Dakota, keep in mind that a new state law requires sellers in North Dakota to provide homebuyers with a disclosure form which lists details about the property. The North Dakota Residential Real Estate Disclosure Statement is the one most sellers use. Its purpose is to protect the buyer and the integrity of the home sale.

First-time homebuyer programs in North Dakota

The North Dakota Housing Finance Agency (NDHFA) offers programs which can help first-time homebuyers, including the disabled, veterans and low- to moderate-income residents. First-time homebuyers also have access to down payment assistance programs through the organization.

FirstHome Program

The FirstHome program through the NDHFA helps first-time homebuyers with low- to moderate-income and who have not owned a home in the past three years (including a manufactured home on a permanent foundation) obtain an affordable mortgage. Depending on the lender, the program may offer less stringent requirements for a minimum down payment than other kinds of mortgages.

Eligibility requirements include being a North Dakota resident; the property in question must be the primary residence; and the borrower must make a minimum upfront $500 cash payment. Homebuyers need to meet income requirements, as well, which vary based on the size of your household and county, and home price purchase limits.

DCA Program

NDHFA’s DCA program offers down payment and closing cost assistance to homebuyers, both first-time and repeat buyers, along with an affordable mortgage. You’ll need to have an NDHFA mortgage to qualify.

To be eligible for the DCA program, borrowers must use it exclusively (i.e., no other assistance can be applied), purchase a home that they’ll live in, either a one- or two-unit property, and meet qualifying income limits based on county and household size. Additional requirements include completing a homebuyer education course — the certificate of completion needs to be dated before loan closing — and purchasing a property not within a 100-year flood plain.

Start Program

The Start program also offers closing cost and down payment assistance for those who have their first mortgage from HDHFA and can meet the income requirements. Homebuyers cannot use this program with other down payment assistance programs, and the one- or two-unit property needs to be occupied by the owner.

North Dakota Roots Program

First-time homebuyers who exceed FirstHome program income limits may be able to obtain an affordable mortgage through the North Dakota Roots Program instead. Through the program, the NDHFA offers affordable mortgage loans to moderate-income buyers, whether they be first-timers or previous homeowners.

Borrowers need to make a $500 minimum upfront cash payment, use the home as a primary residence and meet income requirements. In addition, the property price needs to comply with current Fannie Mae/Freddie Mac (or the applicable loan guarantor) conforming loan amounts.

North Dakota mortgage refinancing

North Dakota homeowners interested in refinancing can compare refinance rates from private lenders, banks and mortgage brokers. Whichever offer and lender you decide to refinance with, it’s a good idea to understand your goals, do extensive research and shop around. That way you’ll ensure you’re getting the best rates and terms.