North Dakota
Mortgage Loan Application
Totals and Details
in 2016

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 32,670
Total Mortgage Loan Application Amount $6,776,520,000
Average Mortgage Loan Application Amount $207,000
Highest Mortgage Loan Application Amount $27,000,000
Average Applicant Income $82,000
Highest Applicant Income $9,998,000
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Mortgage Loan Application Detail Totals for North Dakota in 2016

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
Home Purchase 15,381 $3,408,230,000 $221,000 $27,000,000 $77,000 $6,159,000
Refinancing 14,532 $3,102,169,000 $213,000 $27,000,000 $85,000 $9,998,000
Home Improvement 2,757 $266,121,000 $96,000 $17,106,000 $90,000 $3,111,000

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 24,573 $4,541,471,000 $184,000 $7,500,000 $96,000 $9,998,000
Not applicable 5,065 $1,718,785,000 $339,000 $27,000,000 $9,000 $1,420,000
Not Provided 1,728 $296,655,000 $171,000 $750,000 $90,000 $3,111,000
American Indian or Alaskan Native 417 $54,255,000 $130,000 $690,000 $85,000 $4,800,000
Hispanic 348 $62,367,000 $179,000 $595,000 $71,000 $569,000
Asian 276 $54,574,000 $197,000 $683,000 $118,000 $5,000,000
Black or African American 211 $38,462,000 $182,000 $621,000 $88,000 $820,000
Native Hawaiin or Other Pacific Islander 52 $9,951,000 $191,000 $417,000 $72,000 $296,000

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) 23,479 $4,932,911,000 $210,000 $27,000,000 $95,000 $9,998,000
FHA-insured (Federal Housing Administration) 4,919 $911,936,000 $185,000 $10,338,000 $48,000 $1,150,000
VA-guaranteed (Veterans Administration) 3,551 $826,088,000 $232,000 $998,000 $49,000 $2,376,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 721 $105,585,000 $146,000 $1,399,000 $48,000 $901,000

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 19,580 $4,215,041,000 $215,000 $27,000,000 $95,000 $9,998,000
Loan Purchased By The Institution 4,992 $1,076,337,000 $215,000 $2,250,000 $26,000 $1,626,000
Application Denied By Financial Institution 4,120 $702,874,000 $170,000 $19,000,000 $81,000 $4,800,000
Application Withdrawn By Applicant 2,567 $518,913,000 $202,000 $17,000,000 $94,000 $2,376,000
File Closed For Incompleteness 799 $137,221,000 $171,000 $1,189,000 $68,000 $1,800,000
Application Approved But Not Accepted 612 $126,134,000 $206,000 $10,480,000 $85,000 $870,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

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
Debt-To-Income Ratio 540 $85,692,000 $158,000 $1,000,000 $60,000 $975,000
Credit History 493 $56,272,000 $114,000 $878,000 $70,000 $489,000
Collateral 418 $100,485,000 $240,000 $19,000,000 $99,000 $1,700,000
Credit Application Incomplete 225 $39,172,000 $174,000 $552,000 $77,000 $463,000
Other 143 $25,646,000 $179,000 $3,935,000 $84,000 $1,040,000
Unverifiable Information 65 $12,359,000 $190,000 $652,000 $87,000 $641,000
Insufficient Cash (Downpayment, Closing Cost) 50 $10,648,000 $212,000 $675,000 $101,000 $1,443,000
Employment History 49 $8,255,000 $168,000 $417,000 $54,000 $201,000
Mortgage Insurance Denied 1 $33,000 $33,000 $33,000 $79,000 $79,000
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Mortgage Loan Application Totals in 2016 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 7,280 $ 1,553,617,000 $ 213,000 $ 87,000
FARGO, ND-MN 9,123 $ 2,087,586,000 $ 228,000 $ 86,000
GRAND FORKS, ND-MN 2,892 $ 606,057,000 $ 209,000 $ 81,000
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Mortgage Loan Application Totals in 2016 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 54 $ 8,292,000 $ 153,000 $ 111,000
Barnes 382 $ 54,902,000 $ 143,000 $ 79,000
Benson 54 $ 7,724,000 $ 143,000 $ 86,000
Billings 22 $ 4,485,000 $ 203,000 $ 92,000
Bottineau 156 $ 26,730,000 $ 171,000 $ 100,000
Bowman 70 $ 9,919,000 $ 141,000 $ 75,000
Burke 59 $ 9,628,000 $ 163,000 $ 69,000
Burleigh 5,450 $ 1,186,447,000 $ 217,000 $ 90,000
Cass 9,127 $ 2,087,795,000 $ 228,000 $ 86,000
Cavalier 113 $ 12,254,000 $ 108,000 $ 80,000
Dickey 130 $ 13,716,000 $ 105,000 $ 94,000
Divide 46 $ 6,386,000 $ 138,000 $ 82,000
Dunn 124 $ 25,059,000 $ 202,000 $ 115,000
Eddy 62 $ 8,564,000 $ 138,000 $ 60,000
Emmons 64 $ 9,914,000 $ 154,000 $ 50,000
Foster 100 $ 13,018,000 $ 130,000 $ 68,000
Golden Valley 60 $ 10,279,000 $ 171,000 $ 140,000
Grand Forks 2,894 $ 606,107,000 $ 209,000 $ 81,000
Grant 47 $ 8,302,000 $ 176,000 $ 108,000
Griggs 27 $ 3,892,000 $ 144,000 $ 64,000
Hettinger 50 $ 5,144,000 $ 102,000 $ 50,000
Kidder 78 $ 10,880,000 $ 139,000 $ 99,000
LaMoure 69 $ 8,850,000 $ 128,000 $ 61,000
Logan 29 $ 4,785,000 $ 165,000 $ 56,000
McHenry 149 $ 22,059,000 $ 148,000 $ 74,000
McIntosh 23 $ 2,180,000 $ 94,000 $ 48,000
McKenzie 494 $ 129,437,000 $ 262,000 $ 79,000
McLean 347 $ 60,204,000 $ 173,000 $ 86,000
Mercer 331 $ 57,946,000 $ 175,000 $ 84,000
Morton 1,747 $ 352,290,000 $ 201,000 $ 75,000
Mountrail 234 $ 52,068,000 $ 222,000 $ 109,000
Nelson 56 $ 9,619,000 $ 171,000 $ 56,000
Oliver 68 $ 13,616,000 $ 200,000 $ 106,000
Pembina 148 $ 14,327,000 $ 96,000 $ 61,000
Pierce 91 $ 13,075,000 $ 143,000 $ 82,000
Ramsey 368 $ 47,290,000 $ 128,000 $ 68,000
Ransom 163 $ 21,926,000 $ 134,000 $ 77,000
Renville 72 $ 11,543,000 $ 160,000 $ 72,000
Richland 558 $ 81,198,000 $ 145,000 $ 70,000
Rolette 222 $ 17,534,000 $ 78,000 $ 61,000
Sargent 137 $ 17,808,000 $ 129,000 $ 158,000
Sheridan 24 $ 3,503,000 $ 145,000 $ 54,000
Sioux 16 $ 1,347,000 $ 84,000 $ 86,000
Slope 4 $ 1,453,000 $ 363,000 $ 186,000
Stark 1,826 $ 409,695,000 $ 224,000 $ 77,000
Steele 61 $ 6,540,000 $ 107,000 $ 63,000
Stutsman 851 $ 122,941,000 $ 144,000 $ 70,000
Towner 40 $ 4,178,000 $ 104,000 $ 65,000
Traill 279 $ 39,881,000 $ 142,000 $ 57,000
Walsh 234 $ 23,837,000 $ 101,000 $ 60,000
Ward 2,923 $ 648,850,000 $ 221,000 $ 70,000
Wells 100 $ 12,379,000 $ 123,000 $ 69,000
Williams 1,438 $ 374,847,000 $ 260,000 $ 84,000
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