Border Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
80th3.7% deniedProcesswithdrawn + incomplete share, weight 15%
69th7.7%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 338 | 315 | 2.1% | 2.2% | — | $57M |
| 2024 | 278 | 252 | 3.2% | 3.4% | — | $41M |
| 2025 | 325 | 288 | 3.4% | 3.7% | — | $74M |
What Border Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 29 manufactured homes, 52 investment properties.
Who gets approved at Border Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 39 | 30 | 8.8% |
| $50k – $100k | 111 | 95 | 3.1% |
| $100k – $150k | 77 | 72 | 4.0% |
| $150k – $250k | 50 | 46 | 2.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 28 | 25 | 0.0% |
| 25–34 | 69 | 61 | 3.2% |
| 35–44 | 65 | 57 | 5.0% |
| 45–54 | 47 | 42 | 4.6% |
| 55–64 | 52 | 45 | 6.1% |
| 65–74 | 24 | 21 | 0.0% |
Where Border Bank lends
3 states and 31 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Minnesota | 280 | 250 | 2.9% | — | #119 |
| North Dakota | 43 | 36 | 7.0% | — | #78 |
Frequently asked questions
Border Bank denied 3.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 80th percentile of small mortgage lenders.
In 2025, 45% of its applications were for home purchases, 34% for refinancing (including cash-out), and 20% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.