BMO Bank in North Dakota vs the state
24.2%Denial rate+12.80 pts vs state
32.7%Decision denial rate+18.93 pts vs state
48.5%Origination rate-21.21 pts vs state
9.32%Median rate+2.81 pts vs state
2.07Rate spread (pts)+1.83 pts vs state
$80kMedian applicant income
32Loans originated
16Denied
Trend in North Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 37 | 19 | 24.3% | 7.00% | #69 |
| 2024 | 78 | 32 | 32.1% | 8.55% | #52 |
| 2025 | 66 | 32 | 24.2% | 9.32% | #61 |
What BMO Bank lends in North Dakota
By loan purpose
By loan type
Why it denied North Dakota applicants
Where in North Dakota
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Golden Valley County | 23 | 4 | 10 | 43.5% |
| Stark County | 16 | 11 | 3 | 18.8% |
| Cass County | 12 | 7 | 1 | 8.3% |
| Richland County | 9 | 6 | 1 | 11.1% |
| Grand Forks County | 2 | 1 | 0 | 0.0% |
| Williams County | 1 | 1 | 0 | 0.0% |
| Griggs County | 1 | 1 | 0 | 0.0% |
| Pembina County | 1 | 0 | 1 | 100.0% |
| Burleigh County | 1 | 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: 66 applications in 2025, of which 32 were originated and 16 denied.
24.2% of all applications, or 32.7% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.
The median rate on loans BMO Bank originated in North Dakota in 2025 was 9.32%, against a statewide median of 6.50%.
About this data. Figures are BMO Bank'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