Railway in North Dakota vs the state
12.1%Denial rate+0.63 pts vs state
12.6%Decision denial rate-1.11 pts vs state
83.6%Origination rate+13.93 pts vs state
—Median rate
—Rate spread (pts)
$85kMedian applicant income
97Loans originated
14Denied
Trend in North Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 83 | 69 | 9.6% | — | #44 |
| 2024 | 71 | 63 | 7.0% | — | #56 |
| 2025 | 116 | 97 | 12.1% | — | #41 |
What Railway lends in North Dakota
By loan purpose
By loan type
Where in North Dakota
Counties with the most Railway applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Burleigh County | 64 | 52 | 9 | 14.1% |
| Morton County | 37 | 32 | 3 | 8.1% |
| Kidder County | 4 | 4 | 0 | 0.0% |
| Ward County | 3 | 3 | 0 | 0.0% |
| Rolette County | 1 | 0 | 1 | 100.0% |
| Mercer County | 1 | 1 | 0 | 0.0% |
| McLean County | 1 | 1 | 0 | 0.0% |
| McHenry County | 1 | 1 | 0 | 0.0% |
| Barnes County | 1 | 1 | 0 | 0.0% |
| Grand Forks 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: 116 applications in 2025, of which 97 were originated and 14 denied.
12.1% of all applications, or 12.6% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Railway'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