Grand Forks
Metropolitan Statistical Area · MSA Code 24220
According to CFPB HMDA 2024 application volume among tracked metros, Grand Forks ranks #401 of 418.
Mortgage lending activity in the Grand Forks metro area based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this geography during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Metro-area mortgage activity. The Grand Forks Metropolitan Statistical Area (MSA code 24220) recorded 2,509 HMDA-reported mortgage applications in 2024. Lenders originated 1,693 of those and denied others at a rate of 11.3%, for an approval (origination) rate of 67.5%. The average loan amount across the MSA was $201,269 at an average note rate of 7.01%. 20 major lenders are tracked for this metro - Gate City Bank, United Wholesale Mortgage, Alerus Financial NA lead by origination volume. Among the 418 metros tracked, Grand Forks ranks #21 by denial rate (the 95th percentile for approval-friendliness), and shares its 5-point denial-rate band with 117 other tracked metros.
What MSA numbers tell you, and what they don't. Metro area boundaries are defined by the U.S. Office of Management and Budget and typically span multiple counties, so a single Grand Forks denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. A 11.3% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $201,269 average loan size reflects the MSA's property values and the borrower pool that actually applied, not any single neighborhood. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Grand Forks
In Grand Forks, lead originator Gate City Bank funded 17.5% of 1,693 originated loans, above the fleet's upper tercile (~12.8% top-1). The top three reporters together hold 34.1% of the book, so a handful of names dominate disclosed volume here.
Metros With a Similar Denial Rate
The metro areas closest to Grand Forks's 11.3% denial rate among all 418 tracked MSAs.
Metros With Similar Application Volume
Nationwide MSAs nearest to Grand Forks's 2,509 HMDA applications (deduped against the denial-rate neighbourhood).
Metros With a Similar Average Loan
Nationwide MSAs nearest to Grand Forks's $201,269 average loan (deduped against denial and volume peers).
Lenders active in the Grand Forks metro
Gate City Bank funded 297 of the 1,693 loans originated here, 17.5% of the metro. 20 reporting lenders follow.
| # | Lender | Originated | Applications | Avg Loan | Market Share |
|---|---|---|---|---|---|
| 1 | Gate City Bank | 297 | 384 | $136,458 | 17.5% |
| 2 | United Wholesale Mortgage | 182 | 203 | $292,685 | 10.8% |
| 3 | Alerus Financial NA | 98 | 122 | $179,590 | 5.8% |
| 4 | Bremer Bank NA | 95 | 114 | $178,772 | 5.6% |
| 5 | Frandsen Bank & Trust | 74 | 98 | $150,816 | 4.4% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. Metropolitan Statistical Areas defined by the U.S. Office of Management and Budget (OMB).
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Grand Forks borrowers.
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 Grand Forks 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.