Bank of America in North Dakota vs the state
29.2%Denial rate+17.73 pts vs state
48.8%Decision denial rate+35.12 pts vs state
30.6%Origination rate-39.13 pts vs state
6.49%Median rate-0.01 pts vs state
0.98Rate spread (pts)+0.74 pts vs state
$148kMedian applicant income
22Loans originated
21Denied
Trend in North Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 57 | 10 | 64.9% | 6.99% | #54 |
| 2024 | 48 | 12 | 39.6% | 7.12% | #67 |
| 2025 | 72 | 22 | 29.2% | 6.49% | #59 |
What Bank of America lends in North Dakota
By loan purpose
By loan type
Why it denied North Dakota applicants
Where in North Dakota
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cass County | 31 | 12 | 8 | 25.8% |
| Burleigh County | 12 | 2 | 6 | 50.0% |
| Stark County | 4 | 2 | 0 | 0.0% |
| Williams County | 4 | 2 | 0 | 0.0% |
| McKenzie County | 3 | 1 | 1 | 33.3% |
| Grand Forks County | 3 | 1 | 0 | 0.0% |
| Morton County | 2 | 0 | 0 | 0.0% |
| Ward County | 2 | 0 | 2 | 100.0% |
| Pembina County | 2 | 0 | 1 | 50.0% |
| Stutsman County | 2 | 1 | 0 | 0.0% |
Other large lenders in North Dakota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Gate City Bank | C | 3,106 | 11.3% | 6.65% |
| First International Bank & Trust | B | 1,112 | 4.0% | 6.63% |
| United Shore Financial Services | B | 881 | 7.5% | 6.25% |
| Rocket Mortgage | C | 827 | 21.6% | 6.63% |
| Bell Bank | A | 806 | 7.7% | 6.99% |
| First Community Credit Union | B | 675 | 7.1% | 6.49% |
| Capital | C | 646 | 3.7% | 7.00% |
| TOWN AND COUNTRY Credit Union | B | 571 | 2.1% | 6.25% |
| Mortgage Research Center | C | 500 | 13.6% | 6.25% |
| Fairway Independent Mortgage | B | 497 | 3.0% | 6.40% |
Frequently asked questions
North Dakota: 72 applications in 2025, of which 22 were originated and 21 denied.
29.2% of all applications, or 48.8% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.
The median rate on loans Bank of America originated in North Dakota in 2025 was 6.49%, against a statewide median of 6.50%.
About this data. Figures are Bank of America's own HMDA filing for properties located in North Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology