Pennymac Loan Services in North Dakota vs the state
15.9%Denial rate+4.41 pts vs state
25.7%Decision denial rate+11.94 pts vs state
44.7%Origination rate-24.97 pts vs state
6.31%Median rate-0.19 pts vs state
0.44Rate spread (pts)+0.20 pts vs state
$96kMedian applicant income
110Loans originated
39Denied
Trend in North Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 112 | 50 | 13.4% | 6.12% | #33 |
| 2024 | 146 | 66 | 15.8% | 6.13% | #28 |
| 2025 | 246 | 110 | 15.9% | 6.31% | #18 |
What Pennymac Loan Services lends in North Dakota
By loan purpose
By loan type
Why it denied North Dakota applicants
Where in North Dakota
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cass County | 64 | 26 | 8 | 12.5% |
| Ward County | 43 | 19 | 7 | 16.3% |
| Burleigh County | 29 | 15 | 6 | 20.7% |
| Stark County | 26 | 13 | 5 | 19.2% |
| Morton County | 15 | 6 | 2 | 13.3% |
| Grand Forks County | 14 | 5 | 3 | 21.4% |
| Williams County | 8 | 4 | 0 | 0.0% |
| McKenzie County | 4 | 3 | 0 | 0.0% |
| Richland County | 3 | 2 | 0 | 0.0% |
| Barnes County | 3 | 1 | 1 | 33.3% |
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: 246 applications in 2025, of which 110 were originated and 39 denied.
15.9% of all applications, or 25.7% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.
The median rate on loans Pennymac Loan Services originated in North Dakota in 2025 was 6.31%, against a statewide median of 6.50%.
About this data. Figures are Pennymac Loan Services'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