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2024 data HMDA 2024 disclosure official source

Mercer County

242 mortgage applications, 14.1% denial rate. Verify FIPS 38057 with U.S. Census Bureau →

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North Dakota · FIPS 38057

Local mortgage market. Mercer County, North Dakota saw 242 HMDA-reported mortgage applications in 2024. Lenders originated 148 of those loans and denied 34, producing a denial rate of 14.1% and an approval (origination) rate of 61.2%. The average loan amount was $178,388 at an average note rate of 6.97%, with applicants self-reporting average annual income of $33K. 40 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 38057 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

242
Applications
148
Originated
14.1%
Denial Rate
61.2%
Approval Rate
$178,388
Avg Loan Amount
6.97%
Avg Interest Rate
$33K
Avg Applicant Income
5.4x
Loan-to-Income Ratio

Nearby Lenders in Mercer 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 Capital Credit Union 39 26.4%
2 The Union Bank 17 11.5%
3 Guaranteed Rate, INC. 13 8.8%
4 Rocket Mortgage 11 7.4%
5 Us Bank, N.A. 8 5.4%
Compare Capital Credit Union vs The Union Bank →

Frequently Asked Questions

How many mortgage applications were filed in Mercer County?
In the 2024 HMDA reporting year, 242 mortgage applications were filed in Mercer County, North Dakota. Of these, 148 were originated (approved and funded), while 34 were denied, resulting in a denial rate of 14.1%.
What is the mortgage denial rate in Mercer County?
The mortgage denial rate in Mercer County is 14.1%. The approval (origination) rate is 61.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Mercer County?
The average mortgage loan amount in Mercer County is $178,388. The average interest rate is 6.966%. The average applicant income is $33K.
What is the loan-to-income ratio in Mercer County?
The average loan-to-income ratio in Mercer 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 Mercer County?
The top mortgage lenders in Mercer County by origination volume are Capital Credit Union, The Union Bank, Guaranteed Rate, INC.. In total, 40 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.