Fargo Mortgage Lending in 2025
Explore mortgage lending activity in Fargo (MSA/MD Code 22020) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.
Credit Decision Outcomes (2025)
Outcomes for 3,614 actionable applications (Actions 1, 2, and 3).
How Fargo Compares
Metro vs. State Baseline (2025)
| Metric | Fargo | North Dakota |
|---|---|---|
| Actionable Apps | 3,614 | 9,802 |
| Approval Rate | 90.01% | 87.73% |
| Denial Rate | 9.99% | 12.27% |
| Originations | 3,180 | 8,376 |
| Originated Volume | $974.95 Million | $2.43 Billion |
| Median Loan | $275,000 | $265,000 |
Lending Trends in Fargo
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 4,011 | 4,458 | +11.14% |
| Actionable Apps | 3,356 | 3,614 | +7.69% |
| Originations | 3,049 | 3,180 | +4.30% |
| Approval Rate | 92.07% | 90.01% | -2.06 pp |
| Denial Rate | 7.93% | 9.99% | +2.06 pp |
| Median Loan | $265,000 | $275,000 | +3.77% |
| Dollar Volume | $888.59 Million | $974.95 Million | +9.72% |
Applications by Borrower Income (Fargo)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 905 | 92.82% | 7.18% |
| $150k+ | 780 | 94.87% | 5.13% |
| $50k–$99,999 | 1,424 | 90.10% | 9.90% |
| <$50k | 269 | 66.54% | 33.46% |
| Income unavailable/entity | 236 | 89.41% | 10.59% |
Geographic Market Context
Regional integration within North Dakota (2025)
22020, anchored in North Dakota (ND-MN).
Parent State Association
Explore North Dakota statewide mortgage activity
Fargo is part of OpenFileData’s statewide coverage of North Dakota. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →