· Freddie Mac PMMS
Informational only. 30YearMortgageRates.com is not a lender. Rates shown are national/regional averages sourced from Freddie Mac PMMS. Actual terms vary by borrower, lender, and market conditions. Full disclosures.
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Fargo, ND MORTGAGE RATES • UPDATED

30-Year Mortgage Rates in Fargo, ND

Compare current 30-year fixed mortgage rates in Fargo, ND. Find the best local lenders, understand Fargo market trends, and secure competitive rates for your home purchase or refinance.

$285,000
Median Home Price
6.37%
Avg 30-Yr Rate
Upper Midwest
Market Region
Quick Answer

As of April 2026, the average 30-year fixed mortgage rate in Fargo, ND is approximately 6.37%, based on national survey data from Freddie Mac. Rates in Fargo generally track the Upper Midwest average, influenced by local housing demand, lender competition, and economic conditions. The median home price in Fargo is approximately $285,000. Red River Valley hub.

Expert Answer · Data-Verified

How do I get a 30-year fixed mortgage in Fargo, ND?

As of April 18, 2026, the average 30-year fixed mortgage rate in Fargo, ND is approximately 6.37%, based on Freddie Mac Primary Mortgage Market Survey (PMMS) data. The median home price in Fargo, ND is approximately $275,000, making the estimated monthly principal and interest payment on a 20%-down conventional loan approximately $1,926.

Borrowers in Fargo, ND can choose among conventional 30-year fixed, FHA, VA, USDA, and jumbo loans. The 2026 FHA loan limit in North Dakota is $524,225 for a single-family home, which means the majority of Fargo, ND purchases qualify for FHA financing with as little as 3.5% down for credit scores of 580 or higher. VA loans offer zero down payment for eligible veterans and active-duty service members. Jumbo loans apply above the conforming and FHA limits and generally require credit scores above 700 and 10–20% down.

To secure the best available rate in Fargo, ND, compare APRs (not just rates) from at least three ND-licensed lenders within a 14-day window so credit inquiries score as a single event. Credit scores of 740 or higher typically receive the lowest rates; scores below 680 pay 0.25%–0.75% more. First-time buyers may qualify for the North Dakota Housing Finance Authority programs, which can provide down payment assistance and below-market interest rates. Rate locks in North Dakota typically run 30–60 days from pre-approval to closing.

Source: Freddie Mac PMMS. Last reviewed . Reviewed by 30YearMortgageRates.com editorial team. Rate shown is an informational regional average, not a lender offer. 30YearMortgageRates.com is not a lender. Actual terms vary by borrower qualifications, lender, and market conditions.

Current Mortgage Rates in Fargo, ND

Compare average mortgage rates available to Fargo borrowers. Rates are based on national averages from Freddie Mac and may vary by lender, credit score, and loan amount.

Loan TypeRateAPREst. Payment
30-Year Fixed6.37%6.82%$1,925/mo
15-Year Fixed5.90%6.12%$2,585/mo
FHA 30-Year6.25%7.15%$1,845/mo
VA 30-Year6.15%6.38%$1,815/mo
Jumbo 30-Year6.85%7.02%$2,125/mo

Top Mortgage Lenders in Fargo, ND

Compare mortgage lenders serving Fargo borrowers. All lenders shown are licensed to operate in North Dakota.

Full-Service Mortgage Bank
  • Competitive 30-year fixed rates
  • Local Fargo branch offices
  • Same-day pre-approval available
  • Dedicated ND loan officers
View Lender Details

Licensed ND Mortgage Broker
  • Low rate guarantee programs
  • Online application portal
  • First-time buyer specialists
  • Down payment assistance guidance
View Lender Details

Regional Mortgage Company
  • Serving North Dakota since 2005
  • FHA/VA/USDA loan options
  • Free rate lock for 60 days
  • Local market expertise
View Lender Details

Fargo Housing Market Overview

Understanding the Fargo real estate market helps borrowers make informed mortgage decisions in North Dakota.

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Fargo Home Prices

The median home price in Fargo is approximately $285,000. Local prices reflect the Upper Midwest market dynamics and Fargo's specific economic conditions and housing supply.

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Fargo Market Trends

Fargo's housing market reflects broader North Dakota trends. Local inventory levels, days on market, and price appreciation help determine the best timing for mortgage applications.

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Cost of Living in Fargo

Fargo's cost of living, including property taxes and insurance rates, affects the total homeownership cost beyond the mortgage payment for ND residents.

Factors Affecting Mortgage Rates in Fargo

Several local and national factors influence the mortgage rates available to Fargo homebuyers.

Credit Score in Fargo

Your credit score is the biggest factor in your Fargo mortgage rate. Aim for 740+ for the best rates. Borrowers with excellent credit save thousands over the life of a 30-year loan.

Down Payment & LTV

A 20% down payment on a $285,000 home in Fargo avoids PMI. FHA loans allow 3.5% down, making homeownership more accessible in Fargo's market.

Local Lender Competition

Shopping 3-4 Fargo-area lenders can save 0.25-0.5% on your rate. Compare banks, credit unions, and mortgage brokers serving the Fargo market.

Rate Lock Strategy

When you find a competitive rate in Fargo, lock it. Rate locks of 30-60 days protect you from market volatility during the closing process in ND.

Frequently Asked Questions: Fargo Mortgage Rates

What is the current 30-year mortgage rate in Fargo, ND?+

The average 30-year fixed rate in Fargo is approximately 6.37% as of April 2026, based on Freddie Mac data. Your actual rate depends on credit score, down payment, loan amount, and lender. Shopping multiple Fargo lenders typically saves 0.25-0.5%.

How much is a down payment on a home in Fargo?+

With a median home price of $285,000 in Fargo, a 20% down payment would be about $57,000. FHA loans require just 3.5% down, and VA loans offer zero down for eligible veterans in ND.

What credit score do I need for the best rates in Fargo?+

For the best mortgage rates in Fargo, aim for a credit score of 740+. Scores of 760+ get the absolute best rates. FHA loans in ND accept scores as low as 580 with 3.5% down.

Are there first-time homebuyer programs in Fargo?+

Yes. The North Dakota Housing Finance Authority offers down payment assistance and below-market rate programs. Federal programs including FHA, VA, and USDA loans are also available to Fargo buyers. Contact local lenders for current program availability.

Should I choose a 30-year or 15-year mortgage in Fargo?+

A 30-year fixed offers lower monthly payments, ideal for Fargo buyers wanting payment flexibility. A 15-year saves on total interest but requires higher payments. With Fargo's median price of $285,000, most buyers choose the 30-year for affordability.

Back to North Dakota Rates

Compare Nearby Mortgage Markets

Explore mortgage rates and housing data in nearby cities to find the best market for your home purchase.

More Cities in North Dakota

Bismarck, ND$295,000Median Home PriceGrand Forks, ND$245,000Median Home Price

Nearby State Markets

Minneapolis, MN$325,000Median Home PriceSaint Paul, MN$285,000Median Home PriceSioux Falls, SD$295,000Median Home PriceRapid City, SD$325,000Median Home PriceBillings, MT$365,000Median Home PriceMissoula, MT$495,000Median Home Price
View All North Dakota Mortgage Rates →

Top Mortgage Lenders in Fargo, North Dakota

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