North Dakota Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 20,151 mortgage applications in North Dakota totaling $4.8 billion, up 11% from 2023. The average application was for $237,000, and applicants reported an average income of $128,000. 65% of applications resulted in an originated loan and 10% were denied. The most active lenders were Gate City Bank (3,068 applications), First International Bank & Trust and Bell Bank.
See the top mortgage lenders in North Dakota, browse lending by metro area and by county, or see the mortgage lenders headquartered in North Dakota and North Dakota lenders by city.
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Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into North Dakota's mortgage market trends.
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 20,151 |
| Total Mortgage Loan Application Amount | $4,784,335,000 |
| Average Mortgage Loan Application Amount | $237,000 |
| Highest Mortgage Loan Application Amount | $28,135,000 |
| Average Applicant Income | $128,000 |
| Highest Applicant Income | $5,389,000 |
Top 25 Mortgage Lenders in North Dakota (2024)
Ranked by the number of mortgage applications each lender received for properties in North Dakota in 2024, wherever the lender is based. For lenders headquartered in the state, see the full list of North Dakota mortgage companies. For the lenders that made the most loans here in 2025, with the top FHA, VA, purchase and refinance lenders, see top mortgage lenders in North Dakota.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Gate City Bank Fargo, ND |
3,068 | $527,230,000 | $171,848 | $137,803 |
| 2 | First International Bank & Trust Minot, ND |
924 | $222,430,000 | $240,725 | $148,606 |
| 3 | Bell Bank Fargo, ND |
700 | $137,950,000 | $197,071 | $145,335 |
| 4 | Capital Credit Union Bismarck, ND |
635 | $118,595,000 | $186,763 | $118,077 |
| 5 | Town and Country Credit Union Minot, ND |
622 | $131,290,000 | $211,077 | $138,745 |
| 6 | United Wholesale Mortgage Plymouth, MI |
592 | $167,890,000 | $283,597 | $122,302 |
| 7 | First Community Credit Union Jamestown, ND |
586 | $105,870,000 | $180,665 | $103,385 |
| 8 | Fairway Independent Mort Corp Madison, WI |
582 | $164,290,000 | $282,285 | $105,924 |
| 9 | US Bank, N.A. Cincinnati, OH |
543 | $115,435,000 | $212,587 | $127,257 |
| 10 | PennyMac Loan Services LLC Westlake Village, CA |
493 | $134,425,000 | $272,667 | $111,958 |
| 11 | Newrez LLC Fort Washington, PA |
458 | $133,650,000 | $291,812 | $110,319 |
| 12 | Mortgage Research Center Columbia, MO |
436 | $112,250,000 | $257,454 | $97,571 |
| 13 | Ark-La-Tex Financial Services LLC Plano, TX |
381 | $100,655,000 | $264,186 | $102,910 |
| 14 | Dakota Community Bank & Trust, NA Hebron, ND |
374 | $94,820,000 | $253,529 | $119,021 |
| 15 | Discover Bank Greenwood, DE |
333 | $25,475,000 | $76,501 | $125,960 |
| 16 | Bravera Bank Dickinson, ND |
314 | $85,650,000 | $272,770 | $139,244 |
| 17 | Freedom Mortgage Corporation Boca Raton, FL |
312 | $95,390,000 | $305,737 | $114,311 |
| 18 | Guaranteed Rate, Inc. Chicago, IL |
294 | $77,140,000 | $262,380 | $98,299 |
| 19 | 21st Mortgage Knoxville, TN |
273 | $35,685,000 | $130,714 | $75,150 |
| 20 | First Western Bank & Trust Minot, ND |
273 | $69,905,000 | $256,062 | $145,724 |
| 21 | Bremer Bank NA Saint Paul, MN |
270 | $77,490,000 | $287,000 | $176,770 |
| 22 | Alerus Financial NA Grand Forks, ND |
266 | $57,340,000 | $215,563 | $157,041 |
| 23 | Starion Bank Mandan, ND |
209 | $91,425,000 | $437,440 | $158,781 |
| 24 | Valley Mortgage, Inc. Fargo, ND |
201 | $57,095,000 | $284,054 | $112,900 |
| 25 | loanDepot.com LLC Irvine, CA |
187 | $37,105,000 | $198,422 | $107,850 |
The tables below break down 2024 mortgage applications in North Dakota by loan purpose, applicant race, loan type, outcome and denial reason, followed by totals for every metro area and county. Click a column heading to sort.
Mortgage Loan Application Detail Totals for North Dakota in 2024
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 | 12,021 | $3,351,915,000 | $278,000 | $26,125,000 | $125,000 | $5,389,000 |
| Refinancing | 2,197 | $696,245,000 | $316,000 | $28,135,000 | $156,000 | $3,730,000 |
| Other Purpose | 2,088 | $188,890,000 | $90,000 | $6,165,000 | $129,000 | $1,830,000 |
| Cash-out Refinancing | 2,086 | $415,160,000 | $199,000 | $14,335,000 | $113,000 | $2,083,000 |
| Home Improvement | 1,742 | $129,340,000 | $74,000 | $2,135,000 | $139,000 | $1,061,000 |
| Not Applicable | 17 | $2,785,000 | $163,000 | $1,205,000 | $60,000 | $60,000 |
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 | 14,399 | $3,021,105,000 | $209,000 | $4,805,000 | $129,000 | $5,202,000 |
| Not applicable | 2,252 | $1,004,750,000 | $446,000 | $28,135,000 | $167,000 | $580,000 |
| Not Provided | 1,794 | $364,740,000 | $203,000 | $2,505,000 | $134,000 | $5,389,000 |
| Hispanic | 647 | $136,945,000 | $211,000 | $1,235,000 | $102,000 | $779,000 |
| Black or African American | 372 | $94,860,000 | $255,000 | $775,000 | $109,000 | $627,000 |
| Asian | 359 | $96,025,000 | $267,000 | $1,405,000 | $151,000 | $1,173,000 |
| American Indian or Alaskan Native | 307 | $60,995,000 | $198,000 | $915,000 | $117,000 | $1,568,000 |
| Native Hawaiian or Other Pacific Islander | 21 | $4,915,000 | $234,000 | $475,000 | $122,000 | $270,000 |
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) | 14,766 | $3,263,880,000 | $221,000 | $27,215,000 | $137,000 | $5,389,000 |
| FHA-insured (Federal Housing Administration) | 3,016 | $824,120,000 | $273,000 | $28,135,000 | $95,000 | $3,329,000 |
| VA-guaranteed (Veterans Administration) | 2,191 | $660,845,000 | $301,000 | $1,595,000 | $106,000 | $858,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 178 | $35,490,000 | $199,000 | $435,000 | $80,000 | $372,000 |
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 | 13,097 | $3,178,275,000 | $242,000 | $26,125,000 | $132,000 | $5,298,000 |
| Application Withdrawn By Applicant | 2,280 | $586,400,000 | $257,000 | $28,135,000 | $131,000 | $5,389,000 |
| Application Denied By Financial Institution | 2,078 | $357,720,000 | $172,000 | $27,215,000 | $98,000 | $2,900,000 |
| Loan Purchased By The Institution | 1,696 | $488,650,000 | $288,000 | $1,815,000 | $141,000 | $834,000 |
| File Closed For Incompleteness | 615 | $103,185,000 | $167,000 | $1,525,000 | $136,000 | $3,600,000 |
| Application Approved But Not Accepted | 353 | $62,495,000 | $177,000 | $1,125,000 | $125,000 | $563,000 |
| Preapproval Denied by Financial Institution | 19 | $3,635,000 | $191,000 | $495,000 | $60,000 | $152,000 |
| Preapproval Approved but not Accepted | 13 | $3,975,000 | $305,000 | $635,000 | $115,000 | $194,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 17,013 | $4,176,925,000 | $245,000 | $28,135,000 | $131,000 | $5,389,000 |
| Debt-To-Income Ratio | 1,689 | $347,815,000 | $205,000 | $4,805,000 | $115,000 | $5,202,000 |
| Credit History | 579 | $64,925,000 | $112,000 | $1,405,000 | $100,000 | $1,059,000 |
| Collateral | 409 | $60,095,000 | $146,000 | $1,505,000 | $118,000 | $1,119,000 |
| Credit Application Incomplete | 229 | $35,785,000 | $156,000 | $705,000 | $114,000 | $1,500,000 |
| Other | 136 | $77,040,000 | $566,000 | $27,215,000 | $121,000 | $2,900,000 |
| Unverifiable Information | 40 | $10,450,000 | $261,000 | $1,825,000 | $94,000 | $364,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 35 | $7,085,000 | $202,000 | $715,000 | $114,000 | $650,000 |
| Employment History | 21 | $4,215,000 | $200,000 | $395,000 | $67,000 | $247,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Mortgage Loan Application Totals in 2024 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 | 3,896 | $ 945,650,000 | $ 242,000 | $ 133,000 |
| Fargo, ND-MN | 5,780 | $ 1,555,530,000 | $ 269,000 | $ 138,000 |
| Grand Forks, ND-MN | 1,714 | $ 365,550,000 | $ 213,000 | $ 125,000 |
| Minot, ND | 2,183 | $ 486,895,000 | $ 223,000 | $ 123,000 |
Mortgage Loan Application Totals in 2024 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 | 37 | $ 5,035,000 | $ 136,000 | $ 100,000 |
| Barnes | 218 | $ 38,100,000 | $ 174,000 | $ 97,000 |
| Benson | 37 | $ 6,665,000 | $ 180,000 | $ 89,000 |
| Billings | 20 | $ 5,300,000 | $ 265,000 | $ 102,000 |
| Bottineau | 102 | $ 19,460,000 | $ 190,000 | $ 130,000 |
| Bowman | 38 | $ 7,670,000 | $ 201,000 | $ 95,000 |
| Burke | 28 | $ 3,760,000 | $ 134,000 | $ 92,000 |
| Burleigh | 2,836 | $ 718,420,000 | $ 253,000 | $ 138,000 |
| Cass | 5,780 | $ 1,555,530,000 | $ 269,000 | $ 138,000 |
| Cavalier | 51 | $ 8,595,000 | $ 168,000 | $ 134,000 |
| Dickey | 88 | $ 21,500,000 | $ 244,000 | $ 93,000 |
| Divide | 23 | $ 3,765,000 | $ 163,000 | $ 82,000 |
| Dunn | 97 | $ 22,745,000 | $ 234,000 | $ 122,000 |
| Eddy | 25 | $ 3,595,000 | $ 143,000 | $ 110,000 |
| Emmons | 44 | $ 6,620,000 | $ 150,000 | $ 93,000 |
| Foster | 55 | $ 8,975,000 | $ 163,000 | $ 138,000 |
| Golden Valley | 44 | $ 5,670,000 | $ 128,000 | $ 162,000 |
| Grand Forks | 1,714 | $ 365,550,000 | $ 213,000 | $ 125,000 |
| Grant | 30 | $ 2,770,000 | $ 92,000 | $ 70,000 |
| Griggs | 29 | $ 3,425,000 | $ 118,000 | $ 103,000 |
| Hettinger | 54 | $ 8,570,000 | $ 158,000 | $ 110,000 |
| Kidder | 37 | $ 6,665,000 | $ 180,000 | $ 93,000 |
| LaMoure | 73 | $ 9,715,000 | $ 133,000 | $ 95,000 |
| Logan | 28 | $ 2,880,000 | $ 102,000 | $ 69,000 |
| McHenry | 90 | $ 13,540,000 | $ 150,000 | $ 85,000 |
| McIntosh | 40 | $ 4,490,000 | $ 112,000 | $ 65,000 |
| McKenzie | 307 | $ 114,445,000 | $ 372,000 | $ 133,000 |
| McLean | 251 | $ 46,155,000 | $ 183,000 | $ 122,000 |
| Mercer | 242 | $ 43,170,000 | $ 178,000 | $ 120,000 |
| Morton | 1,033 | $ 222,835,000 | $ 215,000 | $ 120,000 |
| Mountrail | 110 | $ 23,130,000 | $ 210,000 | $ 139,000 |
| Nelson | 44 | $ 6,450,000 | $ 146,000 | $ 91,000 |
| Oliver | 27 | $ 4,395,000 | $ 162,000 | $ 95,000 |
| Pembina | 93 | $ 11,515,000 | $ 123,000 | $ 94,000 |
| Pierce | 55 | $ 9,965,000 | $ 181,000 | $ 104,000 |
| Ramsey | 273 | $ 45,545,000 | $ 166,000 | $ 127,000 |
| Ransom | 98 | $ 18,000,000 | $ 183,000 | $ 93,000 |
| Renville | 76 | $ 15,070,000 | $ 198,000 | $ 124,000 |
| Richland | 431 | $ 77,335,000 | $ 179,000 | $ 124,000 |
| Rolette | 104 | $ 14,160,000 | $ 136,000 | $ 99,000 |
| Sargent | 80 | $ 11,580,000 | $ 144,000 | $ 96,000 |
| Sheridan | 14 | $ 1,570,000 | $ 112,000 | $ 93,000 |
| Sioux | 1 | $ 305,000 | $ 305,000 | $ 272,000 |
| Slope | 3 | $ 525,000 | $ 175,000 | $ 99,000 |
| Stark | 1,039 | $ 319,335,000 | $ 307,000 | $ 127,000 |
| Steele | 40 | $ 6,800,000 | $ 170,000 | $ 110,000 |
| Stutsman | 550 | $ 99,290,000 | $ 180,000 | $ 104,000 |
| Towner | 27 | $ 4,085,000 | $ 151,000 | $ 99,000 |
| Traill | 200 | $ 33,390,000 | $ 166,000 | $ 116,000 |
| Walsh | 193 | $ 28,735,000 | $ 148,000 | $ 105,000 |
| Ward | 2,017 | $ 458,285,000 | $ 227,000 | $ 125,000 |
| Wells | 60 | $ 8,410,000 | $ 140,000 | $ 97,000 |
| Williams | 1,165 | $ 300,845,000 | $ 258,000 | $ 137,000 |
Our comprehensive HMDA mortgage statistics offer invaluable insights into North Dakota's 2024 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.
This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively.
Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of North Dakota's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.
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