North Dakota
Mortgage Loan Application
Totals and Details
in 2003

Find mortgage statistics and mortgage data for North Dakota.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2021 in all of North Dakota.
You can organize this information by metropolitan area and by county.

Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 49,308
Total Mortgage Loan Application Amount $4,369,854,000
Average Mortgage Loan Application Amount $88,000
Highest Mortgage Loan Application Amount $5,625,000
Average Applicant Income $52,000
Highest Applicant Income $5,187,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in North Dakota, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for North Dakota in 2003

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing (home purchase or home improvement, one-to-four family) 34,087 $3,049,780,000 $89,000 $1,171,000 $54,000 $4,176,000
Home Purchase (one-to-four family) 12,886 $1,180,212,000 $91,000 $713,000 $50,000 $5,187,000
Home Improvement (one-to-four family) 2,183 $51,976,000 $23,000 $4,200,000 $54,000 $3,240,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 152 $87,886,000 $578,000 $5,625,000 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 39,329 $3,408,105,000 $86,000 $4,200,000 $53,000 $5,187,000
Not applicable 5,078 $573,992,000 $113,000 $5,625,000 $8,000 $3,194,000
Information not provided by applicant in mail or telephone application 3,688 $283,867,000 $76,000 $787,000 $59,000 $4,176,000
Other 354 $34,603,000 $97,000 $646,000 $74,000 $864,000
American Indian or Alaskan Native 273 $17,410,000 $63,000 $224,000 $48,000 $416,000
Hispanic 234 $18,617,000 $79,000 $600,000 $51,000 $369,000
Asian or Pacific Islander 210 $20,955,000 $99,000 $323,000 $69,000 $1,167,000
Black 142 $12,305,000 $86,000 $323,000 $66,000 $722,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 43,981 $3,915,008,000 $89,000 $5,625,000 $56,000 $5,187,000
FHA-insured (Federal Housing Administration) 3,059 $249,864,000 $81,000 $157,000 $34,000 $876,000
VA-guaranteed (Veterans Administration) 2,072 $191,776,000 $92,000 $240,000 $26,000 $294,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 196 $13,206,000 $67,000 $175,000 $29,000 $63,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 30,177 $2,706,593,000 $89,000 $5,625,000 $58,000 $5,187,000
Loan Purchased By The Institution 8,805 $874,849,000 $99,000 $645,000 $26,000 $3,194,000
Application Denied By Financial Institution 4,880 $328,597,000 $67,000 $4,200,000 $51,000 $3,240,000
Application Withdrawn By Applicant 2,956 $266,447,000 $90,000 $650,000 $58,000 $4,176,000
Application Approved But Not Accepted 1,835 $140,886,000 $76,000 $520,000 $57,000 $512,000
File Closed For Incompleteness 655 $52,482,000 $80,000 $500,000 $59,000 $684,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 1,362 $81,140,000 $59,000 $4,200,000 $53,000 $3,240,000
Other 701 $49,757,000 $70,000 $684,000 $52,000 $580,000
Credit Application Incomplete 639 $57,130,000 $89,000 $385,000 $60,000 $689,000
Debt-To-Income Ratio 636 $41,986,000 $66,000 $957,000 $43,000 $744,000
Collateral 557 $38,831,000 $69,000 $787,000 $56,000 $894,000
Employment History 65 $3,458,000 $53,000 $170,000 $42,000 $510,000
Unverifiable Information 56 $4,772,000 $85,000 $230,000 $61,000 $964,000
Insufficient Cash (Downpayment, Closing Cost) 40 $3,017,000 $75,000 $192,000 $62,000 $600,000
Mortgage Insurance Denied 8 $177,000 $22,000 $61,000 $48,000 $126,000
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Mortgage Loan Application Totals in 2003 by North Dakota Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
BISMARCK, ND 10,766 $ 1,019,859,000 $ 94,000 $ 56,000
FARGO-MOORHEAD, ND-MN 15,841 $ 1,664,610,000 $ 105,000 $ 64,000
GRAND FORKS, ND-MN 5,294 $ 486,657,000 $ 91,000 $ 56,000
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Mortgage Loan Application Totals in 2003 by North Dakota County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adams 114 $ 5,765,000 $ 50,000 $ 37,000
Barnes 698 $ 43,874,000 $ 62,000 $ 47,000
Benson 61 $ 3,125,000 $ 51,000 $ 53,000
Billings 21 $ 1,584,000 $ 75,000 $ 46,000
Bottineau 260 $ 18,759,000 $ 72,000 $ 54,000
Bowman 191 $ 10,705,000 $ 56,000 $ 41,000
Burke 24 $ 1,303,000 $ 54,000 $ 61,000
Burleigh 8,226 $ 803,991,000 $ 97,000 $ 56,000
Cass 15,859 $ 1,667,066,000 $ 105,000 $ 64,000
Cavalier 164 $ 8,864,000 $ 54,000 $ 46,000
Dickey 269 $ 14,103,000 $ 52,000 $ 44,000
Divide 40 $ 1,891,000 $ 47,000 $ 59,000
Dunn 104 $ 5,888,000 $ 56,000 $ 49,000
Eddy 80 $ 4,262,000 $ 53,000 $ 52,000
Emmons 76 $ 4,058,000 $ 53,000 $ 41,000
Foster 152 $ 9,616,000 $ 63,000 $ 50,000
Golden Valley 44 $ 2,008,000 $ 45,000 $ 37,000
Grand Forks 5,308 $ 487,945,000 $ 91,000 $ 55,000
Grant 26 $ 1,214,000 $ 46,000 $ 45,000
Griggs 75 $ 4,314,000 $ 57,000 $ 32,000
Hettinger 61 $ 3,461,000 $ 56,000 $ 42,000
Kidder 81 $ 4,989,000 $ 61,000 $ 49,000
LaMoure 94 $ 5,899,000 $ 62,000 $ 55,000
Logan 51 $ 2,583,000 $ 50,000 $ 43,000
McHenry 166 $ 9,572,000 $ 57,000 $ 41,000
McIntosh 284 $ 17,962,000 $ 63,000 $ 52,000
McKenzie 109 $ 6,133,000 $ 56,000 $ 61,000
McLean 449 $ 29,611,000 $ 65,000 $ 50,000
Mercer 380 $ 24,546,000 $ 64,000 $ 54,000
Morton 2,546 $ 216,271,000 $ 84,000 $ 56,000
Mountrail 81 $ 3,896,000 $ 48,000 $ 41,000
Nelson 90 $ 4,772,000 $ 53,000 $ 41,000
Oliver 80 $ 4,537,000 $ 56,000 $ 55,000
Pembina 426 $ 25,188,000 $ 59,000 $ 47,000
Pierce 153 $ 8,746,000 $ 57,000 $ 42,000
Ramsey 586 $ 40,097,000 $ 68,000 $ 44,000
Ransom 320 $ 23,835,000 $ 74,000 $ 48,000
Renville 107 $ 5,744,000 $ 53,000 $ 48,000
Richland 1,215 $ 96,065,000 $ 79,000 $ 49,000
Rolette 155 $ 8,115,000 $ 52,000 $ 43,000
Sargent 119 $ 7,433,000 $ 62,000 $ 43,000
Sheridan 22 $ 1,255,000 $ 57,000 $ 50,000
Sioux 20 $ 722,000 $ 36,000 $ 32,000
Slope 3 $ 151,000 $ 50,000 $ 144,000
Stark 2,155 $ 162,502,000 $ 75,000 $ 46,000
Steele 55 $ 3,360,000 $ 61,000 $ 51,000
Stutsman 1,331 $ 85,613,000 $ 64,000 $ 48,000
Towner 83 $ 4,414,000 $ 53,000 $ 44,000
Traill 511 $ 33,827,000 $ 66,000 $ 48,000
Walsh 609 $ 34,415,000 $ 56,000 $ 46,000
Ward 4,098 $ 328,792,000 $ 80,000 $ 48,000
Wells 126 $ 6,711,000 $ 53,000 $ 43,000
Williams 890 $ 52,635,000 $ 59,000 $ 44,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in North Dakota.

If you prefer, you can download a copy of the entire list of mortgage lenders in North Dakota and search similar information back through 2003.

Download the North Dakota Lender List