Grand Forks County
North Dakota · FIPS 38035
According to CFPB HMDA 2024 application volume among U.S. counties, Grand Forks County ranks #1,020 of 3,223, and #4 of 53 in North Dakota.
Mortgage lending activity in Grand Forks County, North Dakota based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Grand Forks County, North Dakota lenders denied 190 of the applications reported here, financing the rest 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Grand Forks County
In Grand Forks County, lead originator Gate City Bank funded 21.2% of 1,176 originated loans, above the county fleet's upper tercile (~16.7% top-1). The top three reporters together hold 40.8% of the book, so a handful of names dominate disclosed volume here.
Counties With Similar Application Volume
Nationwide counties nearest to Grand Forks County's 1,714 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Grand Forks County's $213,273 average loan (deduped against volume peers).
Lenders active in Grand Forks County
Gate City Bank funded 249 of the 1,176 loans originated in Grand Forks County, 21.2% of the county. 100 lenders reported activity here.
| # | 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% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Grand Forks County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Grand Forks County borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.