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Purpose: State: Loan Amount: Loan Type: Points:
$ GO
Institution Payments Rates Apr Points Fees Last Update   Phone
AimLoan.com – A Direct Lender $1122.61 3.500% 3.703% 1.697% $1950.00 10/07/2011
AimLoan.com – A Direct Lender $1157.79 3.750% 3.814% 0.000% $1950.00 10/07/2011
AimLoan.com – A Direct Lender $1140.13 3.625% 3.754% 0.789% $1950.00 10/07/2011
Data provided by Informa Research Services click here for details

Current Mortgage Rates


For people living in North Dakota, and throughout the rest of the United States, now would be an excellent time to either enter the real estate market or refinance an existing mortgage. While housing prices have fallen in markets across the country, owning a home is still a great way to build long-term wealth and the historically low interest rates, along with the lower housing prices, make now a very affordable time to own a home.

While North Dakota mortgage rates are extremely low today, the recent housing downturn and high rate of mortgage defaults have made many banks tighten their lending standards. Due to the tightened lending standards, getting good mortgage rates is more challenging than it was a few years ago. In order to qualify for the best rates on a new mortgage, there are several qualifying factors that you will have to meet.

One of the most significant qualifying factors to get the lowest North Dakota mortgage rates is to have plenty of equity in your home. While the North Dakota housing market has not been as turbulent as others in the country, many homeowners in North Dakota have lost between 10 and 20% of their housing value over the past five years. Due to the declining housing prices, those who did not put forth much of a down payment may no longer have any equity in their homes. In order to qualify for good mortgage rates, you will need to have at least 20% equity in your home based on the current value. Any less than that, and you will be charged a higher rate and may have to pay private mortgage insurance.

Beyond having plenty of equity in your home, in order to qualify for the lowest possible interest rates on your mortgage, you will have to have a good credit score. A few years ago most banks were willing to give a mortgage to someone even if they had less than a 650 credit score. Since so many people with poor credit have since defaulted on their loan payments, banks now require their borrowers to have a good score. To qualify for the best rates, you will need to have a score of 740 or better. If your score is less than that, you will likely be charged a higher interest rate so the banks can compensate themselves for taking on the additional risk.

4.25% 30 Year Fixed Rate
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