North Dakota Mortgage Lending in 2025
Explore residential mortgage lending activity in North Dakota using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 9,802 actionable applications (Actions 1, 2, and 3).
How North Dakota Compares
Key metrics: North Dakota vs. U.S. (2025)
| Metric | North Dakota | U.S. |
|---|---|---|
| Actionable Apps | 9,802 | 5,197,320 |
| Approval Rate | 87.73% | 82.12% |
| Denial Rate | 12.27% | 17.88% |
| Originations | 8,376 | 4,052,301 |
| Originated Volume | $2.43 Billion | $1.58 Trillion |
| Median Loan | $265,000 | $325,000 |
Lending Trends in North Dakota
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 11,448 | 12,131 | +5.97% |
| Actionable Apps | 9,152 | 9,802 | +7.10% |
| Originations | 7,881 | 8,376 | +6.28% |
| Approval Rate | 87.78% | 87.73% | -0.05 pp |
| Denial Rate | 12.22% | 12.27% | +0.05 pp |
| Median Loan | $255,000 | $265,000 | +3.92% |
| Dollar Volume | $2.17 Billion | $2.43 Billion | +12.20% |
Applications by Borrower Income (North Dakota)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 2,586 | 91.14% | 8.86% |
| $150k+ | 1,998 | 92.74% | 7.26% |
| $50k–$99,999 | 3,751 | 87.60% | 12.40% |
| <$50k | 817 | 65.48% | 34.52% |
| Income unavailable/entity | 650 | 87.38% | 12.62% |
Metropolitan Areas in North Dakota
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| Fargo | 3,614 | 3,180 | 90.01% |
| Bismarck | 1,783 | 1,550 | 89.12% |
| Grand Forks | 1,153 | 1,017 | 89.51% |
| Minot | 1,123 | 993 | 91.27% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in North Dakota (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | Gate City Bank | 1,071 | 94.75% |
| 2 | United Wholesale Mortgage | 704 | 91.73% |
| 3 | First International Bank & Trust | 590 | 98.34% |
| 4 | ROCKET MORTGAGE | 400 | 75.64% |
| 5 | FAIRWAY INDEPENDENT MORT CORP | 365 | 96.82% |
| 6 | Town and Country Credit Union | 323 | 97.29% |
| 7 | Bell Bank | 296 | 95.51% |
| 8 | FIRST COMMUNITY CREDIT UNION | 285 | 94.68% |
| 9 | Mortgage Research Center | 272 | 80.59% |
| 10 | CAPITAL CREDIT UNION | 209 | 98.12% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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