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Security First Bank of North Dakota

Mandan, ND

Security First Bank of North Dakota processed 60 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 55 loans with a 3.3% denial rate. Home Purchase was the primary loan purpose. Based in Mandan, ND. The approval rate of 91.7% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Security First Bank of North Dakota's 91.7% origination rate tells you how often an application turned into funded money; the 3.3% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (60 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

60
Applications
55
Originated
3.3%
Denial Rate
$431,667
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 60 55 2 $431,667

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Security First Bank of North Dakota (LEI: 549300P4RGN7F1H2N265) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 39 37 $400,385
Refinancing 15 14 $449,000
Cash-out Refinancing 3 1 $131,667
Home Improvement 2 2 $210,000
Other 1 1 $2,735,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White * 39 89.7% 2.6%
2 or more minority races * 1 0.0% 100.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino * 40 87.5% 5.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in ND

Other HMDA-reporting lenders in ND with similar activity. Compare any two side-by-side.

Bell Bank

Fargo, ND

13,496 apps 10,872 originated 5.8% denied

Gate City Bank

Fargo, ND

4,682 apps 3,056 originated 10.3% denied

Alerus Financial NA

GRAND FORKS, ND

2,632 apps 2,038 originated 6.6% denied

First International Bank & Trust

Minot, ND

1,791 apps 1,437 originated 6.6% denied

First Community Credit Union

JAMESTOWN, ND

1,333 apps 512 originated 18.4% denied
Compare Security First Bank of North Dakota vs Bell Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Security First Bank of North Dakota process?
Security First Bank of North Dakota processed 60 mortgage applications in the 2024 HMDA reporting year. Of these, 55 were originated (approved and funded), and 2 were denied.
What is Security First Bank of North Dakota's mortgage approval rate?
Security First Bank of North Dakota has an approval (origination) rate of 91.7%, meaning 91.7% of all applications resulted in a funded mortgage. The denial rate is 3.3%.
What is the average loan amount at Security First Bank of North Dakota?
The average mortgage loan amount at Security First Bank of North Dakota is $431,667.
What types of mortgage loans does Security First Bank of North Dakota offer?
Security First Bank of North Dakota processes Conventional loans. The most common type is Conventional with 60 applications and an average loan amount of $431,667.
What loan purposes does Security First Bank of North Dakota serve?
Security First Bank of North Dakota serves the following loan purposes: Home Purchase (39 applications), Refinancing (15 applications), Cash-out Refinancing (3 applications), Home Improvement (2 applications), Other (1 applications). Home Purchase is the most common purpose.
Where is Security First Bank of North Dakota located?
Security First Bank of North Dakota is headquartered in Mandan, ND. The lender is identified by LEI 549300P4RGN7F1H2N265 in HMDA data.
How does Security First Bank of North Dakota compare in lending across racial demographics?
Security First Bank of North Dakota reports demographic lending data under HMDA requirements. White applicants have an approval rate of 89.7% and denial rate of 2.6%; 2 or more minority races applicants have an approval rate of 0.0% and denial rate of 100.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is 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.