Sofi Bank in North Dakota vs the state
4.2%Denial rate-7.27 pts vs state
14.3%Decision denial rate+0.57 pts vs state
23.6%Origination rate-46.08 pts vs state
7.99%Median rate+1.49 pts vs state
2.43Rate spread (pts)+2.19 pts vs state
$120kMedian applicant income
17Loans originated
3Denied
Trend in North Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 12 | 3 | 25.0% | 6.25% | #108 |
| 2024 | 20 | 9 | 0.0% | 6.63% | #91 |
| 2025 | 72 | 17 | 4.2% | 7.99% | #58 |
What Sofi Bank lends in North Dakota
By loan purpose
By loan type
Why it denied North Dakota applicants
Where in North Dakota
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cass County | 19 | 7 | 0 | 0.0% |
| Burleigh County | 15 | 1 | 1 | 6.7% |
| Grand Forks County | 10 | 5 | 2 | 20.0% |
| Ward County | 6 | 0 | 0 | 0.0% |
| Williams County | 6 | 0 | 0 | 0.0% |
| Morton County | 4 | 2 | 0 | 0.0% |
| Stark County | 2 | 0 | 0 | 0.0% |
| Pembina County | 2 | 0 | 0 | 0.0% |
| Richland County | 1 | 0 | 0 | 0.0% |
| Sargent County | 1 | 0 | 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: 72 applications in 2025, of which 17 were originated and 3 denied.
4.2% of all applications, or 14.3% of the applications it actually decided on. The North Dakota statewide average across all lenders was 11.4%.
The median rate on loans Sofi Bank originated in North Dakota in 2025 was 7.99%, against a statewide median of 6.50%.
About this data. Figures are Sofi 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