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2024 data HMDA 2024 disclosure official source

Grand Forks County

1,714 mortgage applications, 11.1% denial rate. Verify FIPS 38035 with U.S. Census Bureau →

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North Dakota · FIPS 38035

Local mortgage market. Grand Forks County, North Dakota saw 1,714 HMDA-reported mortgage applications in 2024. Lenders originated 1,176 of those loans and denied 190, producing a denial rate of 11.1% and an approval (origination) rate of 68.6%. The average loan amount was $213,273 at an average note rate of 6.97%, with applicants self-reporting average annual income of $36K. 100 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.9x, meaning typical borrowers took on mortgages of about 5.9 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 38035 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

1,714
Applications
1,176
Originated
11.1%
Denial Rate
68.6%
Approval Rate
$213,273
Avg Loan Amount
6.97%
Avg Interest Rate
$36K
Avg Applicant Income
5.9x
Loan-to-Income Ratio

Nearby Lenders in Grand Forks County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Gate City Bank 249 21.2%
2 United Wholesale Mortgage 139 11.8%
3 Alerus Financial NA 92 7.8%
4 Barrington Bank & Trust Company, N.A. 59 5.0%
5 Ark-La-Tex Financial Services LLC 51 4.3%
Compare Gate City Bank vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Grand Forks County?
In the 2024 HMDA reporting year, 1,714 mortgage applications were filed in Grand Forks County, North Dakota. Of these, 1,176 were originated (approved and funded), while 190 were denied, resulting in a denial rate of 11.1%.
What is the mortgage denial rate in Grand Forks County?
The mortgage denial rate in Grand Forks County is 11.1%. The approval (origination) rate is 68.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Grand Forks County?
The average mortgage loan amount in Grand Forks County is $213,273. The average interest rate is 6.968%. The average applicant income is $36K.
What is the loan-to-income ratio in Grand Forks County?
The average loan-to-income ratio in Grand Forks County is 5.9x, meaning borrowers took on loans averaging 5.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Grand Forks County?
The top mortgage lenders in Grand Forks County by origination volume are Gate City Bank, United Wholesale Mortgage, Alerus Financial NA. In total, 100 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.