North Dakota Mortgage Lending
266 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 20,726 HMDA-reported mortgage applications in North Dakota in 2024, originating 13,102 loans and denying 2,244. That puts the statewide denial rate at 10.8% and the approval (origination) rate at 63.2%. The average loan amount across North Dakota was $237,293 at an average note rate of 6.88%. 266 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 52 counties and 5 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 69.6% and denial rate of 10.9%; while Joint applicants had an approval rate of 65.3% and denial rate of 12.1%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Cass County, Burleigh County, Ward County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in North Dakota
Top HMDA-reporting lenders active in North Dakota. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Gate City Bank | 2,328 | 17.8% |
| 2 | First International Bank & Trust | 758 | 5.8% |
| 3 | Bell Bank | 569 | 4.3% |
| 4 | CAPITAL CREDIT UNION | 510 | 3.9% |
| 5 | United Wholesale Mortgage | 508 | 3.9% |
Lending by Race in North Dakota
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 15,076 | 69.6% | 10.9% |
| Joint | 389 | 65.3% | 12.1% |
| Black or African American | 352 | 58.0% | 15.3% |
| Asian | 347 | 65.1% | 14.1% |
| American Indian or Alaska Native | 269 | 47.2% | 23.8% |
| Native Hawaiian or Other Pacific Islander | 19 | 68.4% | 5.3% |
| 2 or more minority races | 18 | 55.6% | 16.7% |
Counties in North Dakota
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Cass County | 5,780 | 3,918 | 8.6% | $269,123 |
| Burleigh County | 2,836 | 1,986 | 7.0% | $253,322 |
| Ward County | 2,017 | 1,276 | 9.7% | $227,211 |
| Grand Forks County | 1,714 | 1,176 | 11.1% | $213,273 |
| Williams County | 1,165 | 660 | 14.7% | $258,236 |
| Stark County | 1,039 | 638 | 10.0% | $307,348 |
| Morton County | 1,033 | 692 | 10.0% | $215,716 |
| Stutsman County | 550 | 351 | 12.7% | $180,527 |
| Richland County | 431 | 280 | 13.2% | $179,432 |
| McKenzie County | 307 | 185 | 10.4% | $372,785 |
| Ramsey County | 273 | 171 | 12.8% | $166,832 |
| McLean County | 251 | 150 | 12.8% | $183,884 |
| Mercer County | 242 | 148 | 14.1% | $178,388 |
| Barnes County | 218 | 126 | 11.5% | $174,771 |
| Traill County | 200 | 126 | 11.0% | $166,950 |
| Walsh County | 193 | 121 | 14.0% | $148,886 |
| Mountrail County | 110 | 74 | 13.6% | $210,273 |
| Rolette County | 104 | 39 | 25.0% | $136,154 |
| Bottineau County | 102 | 66 | 8.8% | $190,784 |
| Ransom County | 98 | 61 | 11.2% | $183,673 |
| Dunn County | 97 | 52 | 15.5% | $234,485 |
| Pembina County | 93 | 60 | 14.0% | $123,817 |
| McHenry County | 90 | 53 | 12.2% | $150,444 |
| Dickey County | 88 | 47 | 12.5% | $244,318 |
| Sargent County | 80 | 45 | 7.5% | $144,750 |
| Renville County | 76 | 38 | 13.2% | $198,289 |
| LaMoure County | 73 | 47 | 15.1% | $133,082 |
| Wells County | 60 | 33 | 16.7% | $140,167 |
| Foster County | 55 | 40 | 9.1% | $163,182 |
| Pierce County | 55 | 33 | 7.3% | $181,182 |
| Hettinger County | 54 | 26 | 27.8% | $158,704 |
| Cavalier County | 51 | 34 | 17.6% | $168,529 |
| Emmons County | 44 | 28 | 4.5% | $150,455 |
| Nelson County | 44 | 27 | 20.4% | $146,591 |
| Golden Valley County | 44 | 24 | 25.0% | $128,864 |
| Steele County | 40 | 31 | 2.5% | $170,000 |
| McIntosh County | 40 | 22 | 7.5% | $112,250 |
| Bowman County | 38 | 21 | 15.8% | $201,842 |
| Kidder County | 37 | 24 | 2.7% | $180,135 |
| Benson County | 37 | 18 | 16.2% | $180,135 |
| Adams County | 37 | 17 | 35.1% | $136,081 |
| Grant County | 30 | 18 | 26.7% | $92,333 |
| Griggs County | 29 | 14 | 13.8% | $118,103 |
| Burke County | 28 | 14 | 14.3% | $134,286 |
| Logan County | 28 | 11 | 35.7% | $102,857 |
| Oliver County | 27 | 17 | 14.8% | $162,778 |
| Towner County | 27 | 15 | 7.4% | $151,296 |
| Eddy County | 25 | 13 | 28.0% | $143,800 |
| Divide County | 23 | 12 | 26.1% | $163,696 |
| Billings County | 20 | 8 | 30.0% | $265,000 |
| Sheridan County | 14 | 9 | 21.4% | $112,143 |
| Sioux County | 1 | 1 | 0.0% | $305,000 |
Metro Areas in North Dakota
Frequently Asked Questions
How many mortgage applications were filed in North Dakota?
What is the mortgage denial rate in North Dakota?
What is the average mortgage loan amount in North Dakota?
How many mortgage lenders operate in North Dakota?
How do mortgage denial rates vary by demographics in North Dakota?
Which counties in North Dakota have the most mortgage activity?
Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
