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2024 data HMDA 2024 disclosure official source

Towner County

27 mortgage applications, 7.4% denial rate. Verify FIPS 38095 with U.S. Census Bureau →

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North Dakota · FIPS 38095

Local mortgage market. Towner County, North Dakota saw 27 HMDA-reported mortgage applications in 2024. Lenders originated 15 of those loans and denied 2, producing a denial rate of 7.4% and an approval (origination) rate of 55.6%. The average loan amount was $151,296 at an average note rate of 7.16%, with applicants self-reporting average annual income of $34K. 10 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.4x, meaning typical borrowers took on mortgages of about 4.4 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 38095 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

27
Applications
15
Originated
7.4%
Denial Rate
55.6%
Approval Rate
$151,296
Avg Loan Amount
7.16%
Avg Interest Rate
$34K
Avg Applicant Income
4.4x
Loan-to-Income Ratio

Nearby Lenders in Towner 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 First Community Credit Union 2 13.3%
2 Rocket Mortgage 2 13.3%
3 Bravera Bank 2 13.3%
4 Gate City Bank 2 13.3%
5 United Wholesale Mortgage 2 13.3%
Compare First Community Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Towner County?
In the 2024 HMDA reporting year, 27 mortgage applications were filed in Towner County, North Dakota. Of these, 15 were originated (approved and funded), while 2 were denied, resulting in a denial rate of 7.4%.
What is the mortgage denial rate in Towner County?
The mortgage denial rate in Towner County is 7.4%. The approval (origination) rate is 55.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Towner County?
The average mortgage loan amount in Towner County is $151,296. The average interest rate is 7.155%. The average applicant income is $34K.
What is the loan-to-income ratio in Towner County?
The average loan-to-income ratio in Towner County is 4.4x, meaning borrowers took on loans averaging 4.4 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Towner County?
The top mortgage lenders in Towner County by origination volume are First Community Credit Union, Rocket Mortgage, Bravera Bank. In total, 10 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.