Capital in North Dakota vs the state
3.7%Denial rate-7.72 pts vs state
4.4%Decision denial rate-9.28 pts vs state
79.9%Origination rate+10.19 pts vs state
7.00%Median rate+0.50 pts vs state
0.62Rate spread (pts)+0.38 pts vs state
$107kMedian applicant income
516Loans originated
24Denied
Trend in North Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 610 | 503 | 2.0% | 6.74% | #5 |
| 2024 | 635 | 510 | 3.2% | 7.31% | #6 |
| 2025 | 646 | 516 | 3.7% | 7.00% | #7 |
What Capital lends in North Dakota
By loan purpose
By loan type
Why it denied North Dakota applicants
Where in North Dakota
Counties with the most Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Burleigh County | 299 | 242 | 13 | 4.3% |
| Morton County | 141 | 111 | 4 | 2.8% |
| Cass County | 82 | 65 | 4 | 4.9% |
| Mercer County | 62 | 52 | 1 | 1.6% |
| McLean County | 16 | 12 | 0 | 0.0% |
| Oliver County | 9 | 8 | 1 | 11.1% |
| Stark County | 7 | 5 | 0 | 0.0% |
| Ward County | 4 | 4 | 0 | 0.0% |
| Kidder County | 3 | 2 | 0 | 0.0% |
| Grant 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% |
| 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% |
| U.S. Bank | D | 486 | 30.0% | 7.30% |
Frequently asked questions
North Dakota: 646 applications in 2025, of which 516 were originated and 24 denied.
3.7% of all applications, or 4.4% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.
The median rate on loans Capital originated in North Dakota in 2025 was 7.00%, against a statewide median of 6.50%.
About this data. Figures are Capital'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