Lower in North Dakota vs the state
14.3%Denial rate+2.85 pts vs state
20.0%Decision denial rate+6.28 pts vs state
57.1%Origination rate-12.55 pts vs state
6.75%Median rate+0.25 pts vs state
0.83Rate spread (pts)+0.59 pts vs state
$95kMedian applicant income
4Loans originated
1Denied
Trend in North Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6 | 3 | 16.7% | 7.50% | #132 |
| 2024 | 5 | 3 | 20.0% | 8.13% | #147 |
| 2025 | 7 | 4 | 14.3% | 6.75% | #148 |
What Lower lends in North Dakota
By loan purpose
By loan type
Why it denied North Dakota applicants
Where in North Dakota
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Burleigh County | 2 | 0 | 0 | 0.0% |
| Mountrail County | 1 | 1 | 0 | 0.0% |
| Cass County | 1 | 0 | 1 | 100.0% |
| Grand Forks County | 1 | 1 | 0 | 0.0% |
| Ward County | 1 | 1 | 0 | 0.0% |
| Williams 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: 7 applications in 2025, of which 4 were originated and 1 denied.
14.3% of all applications, or 20.0% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.
The median rate on loans Lower originated in North Dakota in 2025 was 6.75%, against a statewide median of 6.50%.
About this data. Figures are Lower'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