North Dakota Refinance Rates & Programs 2026

North Dakota offers affordable housing and very low refinancing costs. From Fargo to Bismarck across the Peace Garden State, here's what you need to know.

Current North Dakota Refinance Rates

| Loan Type | Average Rate | |-----------|--------------| | 30-Year Fixed | 6.22% | | 15-Year Fixed | 5.54% | | FHA 30-Year | 6.17% | | VA 30-Year | 5.50% |

Use our refinance calculator.

North Dakota-Specific Programs

North Dakota Housing Finance Agency (NDHFA)

• FirstHome Program
• DPA assistance (check subordination before refinancing)
• Mortgage Credit Certificates available

USDA Refinancing

Most of North Dakota qualifies for USDA loans outside Fargo, Bismarck, Grand Forks, and Minot.

VA Loans

Minot Air Force Base and Grand Forks AFB. VA IRRRL available.

Cost of Refinancing

Very low:

| Cost Item | Typical Amount | |-----------|---------------| | Origination | $0 - $1,800 | | Appraisal | $350 - $500 | | Title | $500 - $900 | | Recording | $25 - $50 | | Total | $2,500 - $5,000 |

No state mortgage tax.

When to Refinance

Refinance if rates dropped 0.75%+. Low costs mean quick break-even.

FAQ

How long? 25-35 days. Property taxes change? No. Credit score? 580 FHA, 620 conv, 740+ best.

Bottom Line

ND's low costs make refinancing attractive when rates drop 0.75%+.

Get quote: See rates.

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Author: Bill McCoy, licensed broker, 15 years experience.