North Dakota
Mortgage Loan Application
Totals and Details
in 2018

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 2003-2018 in all of North Dakota.
You can organize this information by metropolitan area and by county.

Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 24,712
Total Mortgage Loan Application Amount $4,912,050,000
Average Mortgage Loan Application Amount $198,000
Highest Mortgage Loan Application Amount $25,235,000
Average Applicant Income $99,000
Highest Applicant Income $4,440,000

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 2018

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 13,771 $3,106,575,000 $225,000 $21,505,000 $97,000 $4,440,000
Cash-out Refinancing 4,082 $758,660,000 $185,000 $14,005,000 $90,000 $1,216,000
Refinancing 3,603 $809,405,000 $224,000 $25,235,000 $108,000 $1,653,000
Other Purpose 1,544 $114,190,000 $73,000 $905,000 $114,000 $2,116,000
Home Improvement 1,487 $91,405,000 $61,000 $585,000 $110,000 $1,188,000
Not Applicable 225 $31,815,000 $141,000 $835,000 $110,000 $428,000

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 18,932 $3,358,950,000 $177,000 $4,535,000 $99,000 $4,440,000
Not applicable 2,772 $1,042,020,000 $375,000 $25,235,000 $111,000 $644,000
Not Provided 1,933 $310,445,000 $160,000 $1,365,000 $104,000 $1,200,000
Hispanic 359 $67,245,000 $187,000 $875,000 $81,000 $786,000
American Indian or Alaskan Native 283 $44,365,000 $156,000 $775,000 $96,000 $861,000
Asian 195 $40,995,000 $210,000 $1,205,000 $107,000 $880,000
Black or African American 187 $38,375,000 $205,000 $785,000 $96,000 $1,000,000
Native Hawaiian or Other Pacific Islander 20 $3,640,000 $182,000 $335,000 $80,000 $223,000

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) 18,304 $3,596,590,000 $196,000 $25,235,000 $108,000 $4,440,000
FHA-insured (Federal Housing Administration) 3,413 $656,305,000 $192,000 $12,755,000 $71,000 $853,000
VA-guaranteed (Veterans Administration) 2,335 $549,785,000 $235,000 $845,000 $82,000 $1,560,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 660 $109,370,000 $165,000 $415,000 $61,000 $424,000

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 16,164 $3,265,420,000 $202,000 $25,235,000 $102,000 $3,186,000
Loan Purchased By The Institution 2,968 $659,970,000 $222,000 $1,515,000 $108,000 $900,000
Application Withdrawn By Applicant 2,549 $518,755,000 $203,000 $11,305,000 $98,000 $1,653,000
Application Denied By Financial Institution 2,413 $363,205,000 $150,000 $8,415,000 $83,000 $4,440,000
File Closed For Incompleteness 361 $62,225,000 $172,000 $1,725,000 $91,000 $1,047,000
Application Approved But Not Accepted 255 $42,095,000 $165,000 $455,000 $105,000 $750,000
Preapproval Approved but not Accepted 2 $380,000 $190,000 $245,000 $46,000 $46,000
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
Not applicable 21,273 $4,345,855,000 $204,000 $25,235,000 $101,000 $3,186,000
Debt-To-Income Ratio 1,603 $291,455,000 $181,000 $7,205,000 $91,000 $1,608,000
Credit History 599 $62,905,000 $105,000 $495,000 $86,000 $966,000
Collateral 546 $76,790,000 $140,000 $1,175,000 $87,000 $673,000
Credit Application Incomplete 278 $55,460,000 $199,000 $1,015,000 $109,000 $4,440,000
Other 211 $34,705,000 $164,000 $555,000 $91,000 $1,800,000
Unverifiable Information 104 $15,870,000 $152,000 $445,000 $95,000 $680,000
Insufficient Cash (Downpayment, Closing Cost) 52 $12,630,000 $242,000 $4,365,000 $84,000 $343,000
Employment History 44 $7,680,000 $174,000 $565,000 $68,000 $302,000
Mortgage Insurance Denied 2 $8,700,000 $4,350,000 $8,415,000 $138,000 $138,000
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Mortgage Loan Application Totals in 2018 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 5,050 $ 1,053,320,000 $ 208,000 $ 102,000
FARGO, ND-MN 7,110 $ 1,496,930,000 $ 210,000 $ 109,000
GRAND FORKS, ND-MN 2,207 $ 438,805,000 $ 198,000 $ 101,000
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Mortgage Loan Application Totals in 2018 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 56 $ 7,130,000 $ 127,000 $ 74,000
Barnes 348 $ 52,280,000 $ 150,000 $ 81,000
Benson 49 $ 7,525,000 $ 153,000 $ 85,000
Billings 16 $ 3,940,000 $ 246,000 $ 152,000
Bottineau 125 $ 20,665,000 $ 165,000 $ 108,000
Bowman 51 $ 6,185,000 $ 121,000 $ 93,000
Burke 43 $ 4,855,000 $ 112,000 $ 62,000
Burleigh 3,721 $ 789,545,000 $ 212,000 $ 107,000
Cass 7,115 $ 1,497,665,000 $ 210,000 $ 109,000
Cavalier 95 $ 10,225,000 $ 107,000 $ 86,000
Dickey 126 $ 15,100,000 $ 119,000 $ 76,000
Divide 31 $ 5,575,000 $ 179,000 $ 107,000
Dunn 109 $ 21,365,000 $ 196,000 $ 103,000
Eddy 29 $ 2,665,000 $ 91,000 $ 78,000
Emmons 56 $ 5,060,000 $ 90,000 $ 63,000
Foster 88 $ 10,220,000 $ 116,000 $ 107,000
Golden Valley 40 $ 4,170,000 $ 104,000 $ 76,000
Grand Forks 2,209 $ 438,885,000 $ 198,000 $ 101,000
Grant 35 $ 3,615,000 $ 103,000 $ 82,000
Griggs 54 $ 6,740,000 $ 124,000 $ 91,000
Hettinger 46 $ 5,900,000 $ 128,000 $ 71,000
Kidder 44 $ 5,630,000 $ 127,000 $ 97,000
LaMoure 71 $ 7,805,000 $ 109,000 $ 68,000
Logan 29 $ 2,085,000 $ 71,000 $ 71,000
McHenry 129 $ 19,385,000 $ 150,000 $ 80,000
McIntosh 43 $ 2,955,000 $ 68,000 $ 95,000
McKenzie 499 $ 135,955,000 $ 272,000 $ 106,000
McLean 254 $ 38,710,000 $ 152,000 $ 119,000
Mercer 214 $ 35,530,000 $ 166,000 $ 95,000
Morton 1,272 $ 255,250,000 $ 200,000 $ 91,000
Mountrail 192 $ 32,470,000 $ 169,000 $ 111,000
Nelson 50 $ 6,200,000 $ 124,000 $ 64,000
Oliver 52 $ 8,000,000 $ 153,000 $ 114,000
Pembina 118 $ 13,170,000 $ 111,000 $ 86,000
Pierce 89 $ 10,005,000 $ 112,000 $ 94,000
Ramsey 312 $ 43,440,000 $ 139,000 $ 81,000
Ransom 122 $ 15,470,000 $ 126,000 $ 81,000
Renville 47 $ 6,775,000 $ 144,000 $ 98,000
Richland 526 $ 63,710,000 $ 121,000 $ 76,000
Rolette 124 $ 11,640,000 $ 93,000 $ 74,000
Sargent 91 $ 10,185,000 $ 111,000 $ 72,000
Sheridan 22 $ 1,860,000 $ 84,000 $ 54,000
Sioux 7 $ 635,000 $ 90,000 $ 52,000
Slope 10 $ 1,720,000 $ 172,000 $ 152,000
Stark 1,449 $ 350,725,000 $ 242,000 $ 97,000
Steele 35 $ 3,895,000 $ 111,000 $ 87,000
Stutsman 674 $ 92,250,000 $ 136,000 $ 81,000
Towner 35 $ 3,725,000 $ 106,000 $ 60,000
Traill 261 $ 37,395,000 $ 143,000 $ 90,000
Walsh 185 $ 17,945,000 $ 97,000 $ 68,000
Ward 1,888 $ 363,060,000 $ 192,000 $ 92,000
Wells 88 $ 9,060,000 $ 102,000 $ 68,000
Williams 1,338 $ 386,100,000 $ 288,000 $ 103,000

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