Granite Bank · North Dakota · 2025

Granite Bank in North Dakota: approval rate, denial rate and rates (2025)

Granite Bank took 169 mortgage applications in North Dakota in 2025, ranking #30 of 322 lenders active in the state. It originated 80.5% of them and denied 5.3% (6.2% of the applications it decided), against a statewide denial rate of 11.4%.

169Applicationsin ND
6.2%Decision denial ratestate 13.7%
6.50%Median ratestate 6.50%
$275,000Median loanstate $205,000
$39MVolume18 counties

Granite Bank in North Dakota vs the state

5.3%Denial rate-6.11 pts vs state
6.2%Decision denial rate-7.51 pts vs state
80.5%Origination rate+10.78 pts vs state
6.50%Median rate0.00 pts vs state
0.39Rate spread (pts)+0.15 pts vs state
$101kMedian applicant income
136Loans originated
9Denied

What Granite Bank lends in North Dakota

By loan purpose

Home purchase 148 88% · 4.7% denied
Refinance 18 11% · 5.6% denied
Cash-out refinance 2 1% · 50.0% denied
Home improvement 1 1% · 0.0% denied

By loan type

Conventional 91 54% · 2.2% denied
FHA 55 33% · 12.7% denied
VA 22 13% · 0.0% denied
USDA / RHS 1 1% · 0.0% denied

Why it denied North Dakota applicants

Debt-to-income ratio 6 67%
Incomplete application 1 11%
Credit history 1 11%
Collateral 1 11%

Where in North Dakota

Counties with the most Granite Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Stark County 43334 9.3%
Cass County 35262 5.7%
Grand Forks County 35292 5.7%
Burleigh County 23210 0.0%
Morton County 980 0.0%
Hettinger County 440 0.0%
McLean County 320 0.0%
Mercer County 320 0.0%
Williams County 220 0.0%
Traill County 220 0.0%

Other large lenders in North Dakota

LenderGradeApplicationsDenial rateMedian rate
Gate City BankC 3,10611.3%6.65%
First International Bank & TrustB 1,1124.0%6.63%
United Shore Financial ServicesB 8817.5%6.25%
Rocket MortgageC 82721.6%6.63%
Bell BankA 8067.7%6.99%
First Community Credit UnionB 6757.1%6.49%
CapitalC 6463.7%7.00%
TOWN AND COUNTRY Credit UnionB 5712.1%6.25%
Mortgage Research CenterC 50013.6%6.25%
Fairway Independent MortgageB 4973.0%6.40%

Frequently asked questions

North Dakota: 169 applications in 2025, of which 136 were originated and 9 denied.

5.3% of all applications, or 6.2% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.

The median rate on loans Granite Bank originated in North Dakota in 2025 was 6.50%, against a statewide median of 6.50%.

About this data. Figures are Granite 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