North Dakota Rates by Credit Score
720 Credit Score Mortgage Rates in North Dakota
A 720 FICO in North Dakota is in the excellent range. Risk-based pricing adjustments shrink dramatically and rebate-rich pricing becomes available.
Conventional Loan Facts
- Down payment as low as 3% for first-time homebuyers, 5% for others
- Down payment assistance programs available to fully cover the 3% down payment
- Private Mortgage Insurance (PMI) required below 80% LTV - automatically removed at 78%
- Maximum DTI typically 45%, up to 50% with strong compensating factors
- Minimum credit score generally 620; best rates at 740+
- Available for primary residence, second home, or investment property
- No upfront mortgage insurance premium - only monthly PMI if applicable
North Dakota Housing Market for a 720 FICO Buyer
North Dakota's median home price is around $270,000. At 20% down, that's a $54,000 down payment and a $216,000 loan - well within the $200,000+ minimum for the Loan Factory $2,000 Best Price Guarantee. The pricer above is preset to this scenario.
Median home price
$270,000
Effective property tax rate
0.98% (≈$2,646/yr at median price)
Top metros
Fargo, Bismarck, Grand Forks
Frequently Asked Questions
What is the best mortgage rate for a 720 credit score in North Dakota?+
The pricer above returns live wholesale rates for a 720 FICO in Bismarck, North Dakota. A 720 FICO in North Dakota is in the excellent range. Risk-based pricing adjustments shrink dramatically and rebate-rich pricing becomes available. Use the tabs to switch between Conventional, FHA, and VA.
Can I get a Conventional loan in North Dakota with 720 FICO?+
Yes. 720 is comfortably above the 620 Conventional minimum in North Dakota.
Is FHA or Conventional better at 720 FICO in Bismarck?+
Usually Conventional at 720 FICO in Bismarck - the Conventional risk-based adjustments shrink at this score and you avoid upfront MIP.
What is the North Dakota loan limit at a 720 FICO?+
Loan limits in North Dakota are not driven by FICO - they are set by FHFA based on county home prices. The 2026 baseline conforming limit is $806,500. North Dakota mostly follows the baseline. Your FICO affects rate and approval, not loan size.
Are mortgage rates for 720 FICO different in North Dakota vs other states?+
No - rates are uniform nationally. Lenders do not adjust mortgage pricing by state. Property taxes, insurance, and DPA programs differ, which affect total payment but not interest rate.
Is the $2,000 Best Price Guarantee available at 720 FICO in North Dakota?+
Yes. The Loan Factory $2,000 Best Price Guarantee is FICO-agnostic and covers qualifying Conv/FHA/VA loans of $200,000+ in North Dakota.
Apply at 720 FICO in North Dakota
Wholesale pricing, $0 origination, $2,000 guarantee on qualifying loans.
Start my application