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2024 data HMDA 2024 disclosure official source

McLean County

251 mortgage applications, 12.8% denial rate. Verify FIPS 38055 with U.S. Census Bureau →

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North Dakota · FIPS 38055

Local mortgage market. McLean County, North Dakota saw 251 HMDA-reported mortgage applications in 2024. Lenders originated 150 of those loans and denied 32, producing a denial rate of 12.8% and an approval (origination) rate of 59.8%. The average loan amount was $183,884 at an average note rate of 7.00%, with applicants self-reporting average annual income of $34K. 46 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.4x, meaning typical borrowers took on mortgages of about 5.4 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 38055 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

251
Applications
150
Originated
12.8%
Denial Rate
59.8%
Approval Rate
$183,884
Avg Loan Amount
7.00%
Avg Interest Rate
$34K
Avg Applicant Income
5.4x
Loan-to-Income Ratio

Nearby Lenders in McLean 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 16 10.7%
2 First Western Bank & Trust 15 10.0%
3 Bnc National Bank 13 8.7%
4 Aspire Community Federal Credit Union 10 6.7%
5 Capital Credit Union 10 6.7%
Compare Gate City Bank vs First Western Bank & Trust →

Frequently Asked Questions

How many mortgage applications were filed in McLean County?
In the 2024 HMDA reporting year, 251 mortgage applications were filed in McLean County, North Dakota. Of these, 150 were originated (approved and funded), while 32 were denied, resulting in a denial rate of 12.8%.
What is the mortgage denial rate in McLean County?
The mortgage denial rate in McLean County is 12.8%. The approval (origination) rate is 59.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in McLean County?
The average mortgage loan amount in McLean County is $183,884. The average interest rate is 7.001%. The average applicant income is $34K.
What is the loan-to-income ratio in McLean County?
The average loan-to-income ratio in McLean County is 5.4x, meaning borrowers took on loans averaging 5.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in McLean County?
The top mortgage lenders in McLean County by origination volume are Gate City Bank, First Western Bank & Trust, Bnc National Bank. In total, 46 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.