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Valley Mortgage, Inc.

Fargo, ND

Valley Mortgage, Inc. processed 293 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 253 loans with a 0.7% denial rate. Home Purchase was the primary loan purpose. Based in Fargo, ND. The approval rate of 86.3% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Valley Mortgage, Inc. processed 293 HMDA-reported mortgage applications in 2024, originating 253 loans and denying 2 for a denial rate of 0.7% (applicants themselves withdrew 36 files before a decision). The average loan amount was $274,181 at a 6.098% average note rate, and applicants self-reported an average income of $28,000. The lender reports under LEI 549300PLVU3OBFUIPI18 from Fargo, ND.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Valley Mortgage, Inc.'s 86.3% origination rate tells you how often an application turned into funded money; the 0.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Unverifiable information, Debt-to-income ratio, which together explain the majority of rejections. Most activity concentrated in Conventional loans (221 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.

293
Applications
253
Originated
0.7%
Denial Rate
$274,181
Avg Loan Amount
Avg Interest Rate: 6.098% Avg Applicant Income: $28,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 221 188 1 $268,891
FHA 53 47 1 $280,472
VA 18 17 0 $327,778
USDA 1 1 0 $145,000

Top loan types — Valley Mortgage, Inc.

Top loan types — Valley Mortgage, Inc. Horizontal bar chart of the top 4 items by value (applications). Top loan types — Valley Mortgage, Inc. Top 4 1. Conventional 221 2. FHA 53 3. VA 18 4. USDA 1 Top 5 loan types by application volume at Valley Mortgage, Inc. (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Valley Mortgage, Inc. (LEI: 549300PLVU3OBFUIPI18) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Collateral
1
Unverifiable information
1
Debt-to-income ratio
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 280 243 $274,250
Refinancing 13 10 $272,692

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 247 86.6% 0.4%
Asian 26 84.6% 3.9%
Black or African American 13 84.6% 0.0%
Joint 4 75.0% 0.0%
American Indian or Alaska Native 1 100.0% 0.0%

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 282 86.5% 0.7%
Hispanic or Latino 5 100.0% 0.0%
Joint 4 75.0% 0.0%

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 Valley Mortgage, Inc. vs Bell Bank →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did Valley Mortgage, Inc. process?
Valley Mortgage, Inc. processed 293 mortgage applications in the 2023 HMDA reporting year. Of these, 253 were originated (approved and funded), 36 were withdrawn by the applicant, and 2 were denied.
What is Valley Mortgage, Inc.'s mortgage approval rate?
Valley Mortgage, Inc. has an approval (origination) rate of 86.3%, meaning 86.3% of all applications resulted in a funded mortgage. The denial rate is 0.7%.
What is the average loan amount at Valley Mortgage, Inc.?
The average mortgage loan amount at Valley Mortgage, Inc. is $274,181. The average interest rate is 6.098%. The average applicant income is $28,000.
What are the most common reasons for mortgage denial at Valley Mortgage, Inc.?
The most common reasons for mortgage denial at Valley Mortgage, Inc. are: Collateral, Unverifiable information, Debt-to-income ratio. In total, 2 applications were denied out of 293 total applications.
What types of mortgage loans does Valley Mortgage, Inc. offer?
Valley Mortgage, Inc. processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 221 applications and an average loan amount of $268,891.
What loan purposes does Valley Mortgage, Inc. serve?
Valley Mortgage, Inc. serves the following loan purposes: Home Purchase (280 applications), Refinancing (13 applications). Home Purchase is the most common purpose.
Where is Valley Mortgage, Inc. located?
Valley Mortgage, Inc. is headquartered in Fargo, ND. The lender is identified by LEI 549300PLVU3OBFUIPI18 in HMDA data.
How does Valley Mortgage, Inc. compare in lending across racial demographics?
Valley Mortgage, Inc. reports demographic lending data under HMDA requirements. White applicants have an approval rate of 86.6% and denial rate of 0.4%; Asian applicants have an approval rate of 84.6% and denial rate of 3.9%; Black or African American applicants have an approval rate of 84.6% and denial rate of 0.0%. 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.