Which mortgage lender in the Fargo, ND area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Fargo, ND area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Fargo, ND area in terms of interest rate is Gate City Bank, with an average “Rate Difference” of -0.08%. This means that, comparing similar borrowers, Gate City Bank provided a -0.08% lower interest rate for its customers than other lenders in the area. Gate City Bank has a market share of 19.2%. It is the most popular lender in the Fargo, ND area.
Our detailed ranking of mortgage lenders in the Fargo, ND area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Fargo, ND is Gate City Bank. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is US Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Town & Country Credit Union. The cheapest VA mortgage provider is First International Bank & Trust. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Fargo, ND
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gate City Bank | -0.08% | 19.16% | |
| Bell Bank | -0.07% | 17.16% | |
| Town & Country Credit Union | -0.06% | 6.63% | |
| BlackRidgeBANK | -0.02% | 3.19% | |
| Capital Credit Union North Dakota | -0.02% | 0.73% | |
| Valley Mortgage | -0.01% | 7.29% | |
| Choice Financial Group | -0.00% | 0.80% | |
| Affinity Plus Federal Credit Union | 0.02% | 0.84% | |
| Alerus Financial | 0.02% | 2.78% | |
| First International Bank & Trust | 0.02% | 6.27% | |
| US Bank | 0.03% | 3.85% | |
| First Community Credit Union | 0.05% | 2.96% | |
| Western State Bank | 0.05% | 4.26% | |
| Benchmark | 0.06% | 0.96% | |
| Guaranteed Rate | 0.08% | 1.14% | |
| Bremer Bank | 0.08% | 4.44% | |
| Wells Fargo Bank | 0.08% | 6.29% | |
| Caliber Home Loans | 0.09% | 3.87% | |
| TCF Bank | 0.10% | 2.83% | |
| Quicken Loans | 0.25% | 4.56% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bell Bank | -0.06% | 18.14% | |
| Town & Country Credit Union | -0.03% | 6.96% | |
| Gate City Bank | -0.03% | 18.11% | |
| Capital Credit Union North Dakota | -0.03% | 0.65% | |
| US Bank | -0.03% | 3.87% | |
| Alerus Financial | -0.01% | 2.65% | |
| First Community Credit Union | -0.01% | 2.55% | |
| Valley Mortgage | -0.01% | 9.25% | |
| Choice Financial Group | -0.00% | 0.82% | |
| Wells Fargo Bank | 0.00% | 5.74% | |
| First International Bank & Trust | 0.02% | 6.10% | |
| BlackRidgeBANK | 0.03% | 3.08% | |
| Affinity Plus Federal Credit Union | 0.04% | 0.57% | |
| Benchmark | 0.06% | 1.15% | |
| Western State Bank | 0.07% | 4.59% | |
| Guaranteed Rate | 0.09% | 1.47% | |
| Caliber Home Loans | 0.09% | 4.59% | |
| Bremer Bank | 0.09% | 4.55% | |
| TCF Bank | 0.11% | 3.69% | |
| Quicken Loans | 0.11% | 1.47% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gate City Bank | -0.16% | 21.00% | |
| Town & Country Credit Union | -0.12% | 6.06% | |
| BlackRidgeBANK | -0.09% | 3.38% | |
| Bell Bank | -0.09% | 15.44% | |
| Valley Mortgage | -0.05% | 3.88% | |
| Choice Financial Group | -0.00% | 0.75% | |
| Affinity Plus Federal Credit Union | 0.01% | 1.31% | |
| Capital Credit Union North Dakota | 0.01% | 0.88% | |
| Western State Bank | 0.01% | 3.69% | |
| First International Bank & Trust | 0.02% | 6.56% | |
| Guaranteed Rate | 0.02% | 0.56% | |
| Bremer Bank | 0.05% | 4.25% | |
| Benchmark | 0.05% | 0.62% | |
| Caliber Home Loans | 0.07% | 2.62% | |
| Alerus Financial | 0.08% | 3.00% | |
| TCF Bank | 0.08% | 1.31% | |
| First Community Credit Union | 0.11% | 3.69% | |
| US Bank | 0.13% | 3.81% | |
| Wells Fargo Bank | 0.19% | 7.25% | |
| Quicken Loans | 0.28% | 9.94% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gate City Bank | -0.09% | 21.01% | |
| Bell Bank | -0.08% | 18.58% | |
| Town & Country Credit Union | -0.04% | 5.54% | |
| Valley Mortgage | -0.03% | 6.10% | |
| BlackRidgeBANK | -0.02% | 2.99% | |
| Capital Credit Union North Dakota | -0.01% | 0.64% | |
| Choice Financial Group | 0.00% | 0.98% | |
| Affinity Plus Federal Credit Union | 0.02% | 1.01% | |
| Alerus Financial | 0.03% | 3.05% | |
| US Bank | 0.04% | 4.00% | |
| First International Bank & Trust | 0.04% | 6.04% | |
| First Community Credit Union | 0.05% | 3.25% | |
| Western State Bank | 0.06% | 3.81% | |
| Benchmark | 0.07% | 0.87% | |
| Guaranteed Rate | 0.08% | 0.76% | |
| Bremer Bank | 0.08% | 4.42% | |
| Wells Fargo Bank | 0.09% | 7.50% | |
| TCF Bank | 0.12% | 2.46% | |
| Caliber Home Loans | 0.14% | 2.74% | |
| Quicken Loans | 0.30% | 4.25% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Bell Bank | -0.08% | 19.78% | |
| Gate City Bank | -0.04% | 20.01% | |
| Capital Credit Union North Dakota | -0.04% | 0.47% | |
| US Bank | -0.03% | 4.14% | |
| Valley Mortgage | -0.02% | 7.77% | |
| First Community Credit Union | -0.02% | 2.70% | |
| Alerus Financial | -0.02% | 2.89% | |
| Choice Financial Group | 0.00% | 1.07% | |
| Wells Fargo Bank | 0.01% | 7.07% | |
| Town & Country Credit Union | 0.02% | 5.63% | |
| Affinity Plus Federal Credit Union | 0.04% | 0.70% | |
| BlackRidgeBANK | 0.04% | 3.02% | |
| First International Bank & Trust | 0.04% | 5.91% | |
| Benchmark | 0.07% | 1.07% | |
| Western State Bank | 0.09% | 4.19% | |
| Bremer Bank | 0.09% | 4.56% | |
| Guaranteed Rate | 0.10% | 0.98% | |
| TCF Bank | 0.12% | 3.26% | |
| Quicken Loans | 0.13% | 1.35% | |
| Caliber Home Loans | 0.15% | 3.44% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gate City Bank | -0.17% | 22.53% | |
| Town & Country Credit Union | -0.14% | 5.40% | |
| BlackRidgeBANK | -0.11% | 2.95% | |
| Bell Bank | -0.09% | 16.77% | |
| Valley Mortgage | -0.06% | 3.58% | |
| Choice Financial Group | -0.00% | 0.84% | |
| Capital Credit Union North Dakota | 0.01% | 0.91% | |
| Affinity Plus Federal Credit Union | 0.01% | 1.47% | |
| Western State Bank | 0.01% | 3.23% | |
| Guaranteed Rate | 0.02% | 0.42% | |
| First International Bank & Trust | 0.03% | 6.25% | |
| Bremer Bank | 0.06% | 4.21% | |
| Benchmark | 0.06% | 0.56% | |
| Alerus Financial | 0.08% | 3.30% | |
| TCF Bank | 0.09% | 1.26% | |
| Caliber Home Loans | 0.12% | 1.68% | |
| First Community Credit Union | 0.12% | 4.07% | |
| US Bank | 0.14% | 3.79% | |
| Wells Fargo Bank | 0.19% | 8.14% | |
| Quicken Loans | 0.34% | 8.63% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Town & Country Credit Union | -0.15% | 14.14% | |
| First International Bank & Trust | -0.04% | 5.53% | |
| Capital Credit Union North Dakota | -0.04% | 1.43% | |
| BlackRidgeBANK | -0.03% | 3.48% | |
| Alerus Financial | -0.01% | 1.64% | |
| Caliber Home Loans | -0.01% | 6.56% | |
| Wells Fargo Bank | 0.01% | 0.20% | |
| US Bank | 0.01% | 1.02% | |
| Western State Bank | 0.01% | 7.38% | |
| Gate City Bank | 0.02% | 10.66% | |
| Valley Mortgage | 0.02% | 14.96% | |
| Benchmark | 0.02% | 1.43% | |
| Bell Bank | 0.03% | 10.45% | |
| First Community Credit Union | 0.04% | 2.25% | |
| Quicken Loans | 0.06% | 5.53% | |
| Guaranteed Rate | 0.08% | 3.28% | |
| TCF Bank | 0.08% | 4.92% | |
| Bremer Bank | 0.09% | 5.12% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Town & Country Credit Union | -0.16% | 13.43% | |
| First International Bank & Trust | -0.04% | 6.25% | |
| Capital Credit Union North Dakota | -0.04% | 1.62% | |
| BlackRidgeBANK | -0.04% | 3.01% | |
| Alerus Financial | -0.01% | 1.85% | |
| Caliber Home Loans | -0.01% | 6.48% | |
| US Bank | 0.01% | 0.93% | |
| Wells Fargo Bank | 0.01% | 0.23% | |
| Western State Bank | 0.02% | 7.18% | |
| Gate City Bank | 0.02% | 11.11% | |
| Valley Mortgage | 0.02% | 15.97% | |
| Benchmark | 0.02% | 1.62% | |
| Bell Bank | 0.03% | 11.81% | |
| First Community Credit Union | 0.05% | 2.31% | |
| Quicken Loans | 0.08% | 1.85% | |
| Guaranteed Rate | 0.08% | 3.70% | |
| TCF Bank | 0.09% | 5.32% | |
| Bremer Bank | 0.09% | 5.32% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Town & Country Credit Union | -0.09% | 19.64% | |
| Gate City Bank | -0.01% | 7.14% | |
| BlackRidgeBANK | -0.01% | 7.14% | |
| First Community Credit Union | -0.01% | 1.79% | |
| Western State Bank | 0.00% | 8.93% | |
| Bremer Bank | 0.01% | 3.57% | |
| Caliber Home Loans | 0.01% | 7.14% | |
| TCF Bank | 0.02% | 1.79% | |
| US Bank | 0.02% | 1.79% | |
| Valley Mortgage | 0.03% | 7.14% | |
| Quicken Loans | 0.04% | 33.93% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.03% | 24.49% | |
| Wells Fargo Bank | -0.01% | 4.08% | |
| Gate City Bank | -0.01% | 16.33% | |
| Caliber Home Loans | -0.01% | 2.04% | |
| Bremer Bank | -0.00% | 8.16% | |
| Affinity Plus Federal Credit Union | -0.00% | 2.04% | |
| Guaranteed Rate | 0.00% | 2.04% | |
| Valley Mortgage | 0.01% | 2.04% | |
| Alerus Financial | 0.01% | 2.04% | |
| Town & Country Credit Union | 0.01% | 2.04% | |
| BlackRidgeBANK | 0.02% | 4.08% | |
| Bell Bank | 0.03% | 30.61% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.04% | 26.47% | |
| Gate City Bank | -0.01% | 17.65% | |
| Wells Fargo Bank | -0.01% | 5.88% | |
| Caliber Home Loans | -0.01% | 2.94% | |
| Bremer Bank | -0.00% | 2.94% | |
| Affinity Plus Federal Credit Union | 0.00% | 2.94% | |
| Guaranteed Rate | 0.01% | 2.94% | |
| Alerus Financial | 0.01% | 2.94% | |
| Town & Country Credit Union | 0.02% | 2.94% | |
| BlackRidgeBANK | 0.02% | 5.88% | |
| Bell Bank | 0.04% | 26.47% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Gate City Bank | -0.02% | 13.33% | |
| Bremer Bank | -0.01% | 20.00% | |
| Valley Mortgage | 0.00% | 6.67% | |
| US Bank | 0.01% | 20.00% | |
| Bell Bank | 0.01% | 40.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First International Bank & Trust | -0.05% | 11.51% | |
| BlackRidgeBANK | -0.03% | 5.04% | |
| Town & Country Credit Union | -0.03% | 8.27% | |
| Bell Bank | -0.02% | 8.27% | |
| Gate City Bank | -0.02% | 10.79% | |
| First Community Credit Union | -0.01% | 1.08% | |
| Valley Mortgage | -0.00% | 10.07% | |
| Western State Bank | -0.00% | 5.40% | |
| Caliber Home Loans | 0.00% | 14.03% | |
| Wells Fargo Bank | 0.01% | 1.80% | |
| Capital Credit Union North Dakota | 0.01% | 0.72% | |
| Guaranteed Rate | 0.01% | 2.16% | |
| Alerus Financial | 0.02% | 1.44% | |
| US Bank | 0.02% | 3.24% | |
| Benchmark | 0.02% | 1.44% | |
| Bremer Bank | 0.03% | 2.88% | |
| TCF Bank | 0.03% | 4.32% | |
| Quicken Loans | 0.11% | 7.55% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First International Bank & Trust | -0.03% | 9.20% | |
| Town & Country Credit Union | -0.02% | 8.05% | |
| Bell Bank | -0.02% | 12.07% | |
| Gate City Bank | -0.01% | 12.07% | |
| First Community Credit Union | -0.01% | 1.72% | |
| Valley Mortgage | -0.00% | 12.64% | |
| Western State Bank | 0.00% | 4.02% | |
| Wells Fargo Bank | 0.01% | 2.87% | |
| Guaranteed Rate | 0.01% | 1.72% | |
| Caliber Home Loans | 0.01% | 14.37% | |
| Capital Credit Union North Dakota | 0.02% | 0.57% | |
| Benchmark | 0.02% | 1.15% | |
| BlackRidgeBANK | 0.02% | 3.45% | |
| Quicken Loans | 0.02% | 2.30% | |
| Alerus Financial | 0.02% | 1.72% | |
| US Bank | 0.02% | 3.45% | |
| Bremer Bank | 0.03% | 2.87% | |
| TCF Bank | 0.03% | 5.75% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| BlackRidgeBANK | -0.07% | 7.69% | |
| First International Bank & Trust | -0.07% | 15.38% | |
| Town & Country Credit Union | -0.04% | 8.65% | |
| Gate City Bank | -0.02% | 8.65% | |
| Caliber Home Loans | -0.02% | 13.46% | |
| Western State Bank | -0.01% | 7.69% | |
| Capital Credit Union North Dakota | -0.00% | 0.96% | |
| Valley Mortgage | -0.00% | 5.77% | |
| Alerus Financial | 0.00% | 0.96% | |
| TCF Bank | 0.01% | 1.92% | |
| Bell Bank | 0.01% | 1.92% | |
| US Bank | 0.01% | 2.88% | |
| Guaranteed Rate | 0.01% | 2.88% | |
| Benchmark | 0.02% | 1.92% | |
| Bremer Bank | 0.03% | 2.88% | |
| Quicken Loans | 0.13% | 16.35% |
* Data is compiled for the Fargo, ND commuting zone area, which comprises of counties of Clay County, MN, Norman County, MN, Wilkin County, MN, Cass County, ND, and Richland County, ND. This includes cities/towns/communities of Fargo, ND as well as Moorhead, MN, West Fargo, ND, Comstock, MN, Mapleton, ND, Dilworth, MN, Wahpeton, ND, Ulen, MN, Barnesville, MN, Kindred, ND, Casselton, ND, Breckenridge, MN, Abercrombie, ND, Wyndmere, ND, Kent, MN, Argusville, ND, Felton, MN, Hankinson, ND, Perley, MN, Tower City, ND, Ada, MN, Twin Valley, MN, and Fairmount, ND. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Fargo, ND area. For mortgage lender rankings in other cities, click here.