Largest mortgage lenders in North Dakota
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Gate City Bank | C | 3,106 | 2,368 | 11.3% | 6.65% |
| 2 | First International Bank & Trust | B | 1,112 | 941 | 4.0% | 6.63% |
| 3 | United Shore Financial Services | B | 881 | 725 | 7.5% | 6.25% |
| 4 | Rocket Mortgage | C | 827 | 549 | 21.6% | 6.63% |
| 5 | Bell Bank | A | 806 | 674 | 7.7% | 6.99% |
| 6 | First Community Credit Union | B | 675 | 518 | 7.1% | 6.49% |
| 7 | Capital | C | 646 | 516 | 3.7% | 7.00% |
| 8 | TOWN AND COUNTRY Credit Union | B | 571 | 470 | 2.1% | 6.25% |
| 9 | Mortgage Research Center | C | 500 | 276 | 13.6% | 6.25% |
| 10 | Fairway Independent Mortgage | B | 497 | 382 | 3.0% | 6.40% |
| 11 | U.S. Bank | D | 486 | 239 | 30.0% | 7.30% |
| 12 | 21st Mortgage | F | 390 | 108 | 42.8% | 11.10% |
| 13 | Bravera Bank | A | 365 | 326 | 2.2% | — |
| 14 | Dakota Community Bank & Trust | B | 351 | 281 | 4.6% | 6.25% |
| 15 | Alerus Financial | B | 298 | 235 | 9.4% | 7.00% |
| 16 | Newrez | D | 271 | 109 | 15.5% | 6.49% |
| 17 | First Western Bank & Trust | B | 254 | 205 | 2.8% | 6.63% |
| 18 | Pennymac Loan Services | C | 246 | 110 | 15.9% | 6.31% |
| 19 | Loandepot.Com | D | 243 | 121 | 25.9% | 6.49% |
| 20 | Freedom Mortgage | B | 238 | 89 | 16.8% | 6.25% |
| 21 | Ark-La-Tex Financial Services, LLC. | A | 231 | 176 | 2.6% | 6.20% |
| 22 | Starion Bank | B | 214 | 166 | 2.8% | 6.50% |
| 23 | Choice Financial Group | B | 211 | 168 | 4.3% | 6.65% |
| 24 | Broker Solutions | D | 203 | 83 | 14.8% | 6.88% |
| 25 | Guaranteed Rate | B | 194 | 101 | 9.3% | 6.38% |
Best approval odds in North Dakota
Lowest decision denial rate among lenders that decided at least 300 North Dakota applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Bravera Bank | 337 | 2.4% | — |
| 2 | TOWN AND COUNTRY Credit Union | 482 | 2.5% | 6.25% |
| 3 | Fairway Independent Mortgage | 398 | 3.8% | 6.40% |
| 4 | Capital | 540 | 4.4% | 7.00% |
| 5 | First International Bank & Trust | 992 | 4.4% | 6.63% |
| 6 | Dakota Community Bank & Trust | 301 | 5.3% | 6.25% |
| 7 | United Shore Financial Services | 797 | 8.3% | 6.25% |
| 8 | Bell Bank | 746 | 8.3% | 6.99% |
| 9 | First Community Credit Union | 566 | 8.5% | 6.49% |
| 10 | Gate City Bank | 2,758 | 12.7% | 6.65% |
Lowest median rates in North Dakota
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Ark-La-Tex Financial Services, LLC. | 176 | 6.20% | 2.6% |
| 2 | Valley Mortgage | 172 | 6.23% | 3.1% |
| 3 | Dakota Community Bank & Trust | 281 | 6.25% | 4.6% |
| 4 | Mortgage Research Center | 276 | 6.25% | 13.6% |
| 5 | TOWN AND COUNTRY Credit Union | 470 | 6.25% | 2.1% |
| 6 | United Shore Financial Services | 724 | 6.25% | 7.5% |
| 7 | Pennymac Loan Services | 110 | 6.31% | 15.9% |
| 8 | Western State Bank | 121 | 6.38% | 3.5% |
| 9 | Guaranteed Rate | 101 | 6.38% | 9.3% |
| 10 | Fairway Independent Mortgage | 382 | 6.40% | 3.0% |
What North Dakota borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why North Dakota applications were denied
North Dakota mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 17,150 | 11,926 | 11.4% | 6.74% | $175,000 | 282 |
| 2024 | 18,988 | 13,107 | 11.8% | 6.65% | $185,000 | 311 |
| 2025 | 20,568 | 14,333 | 11.4% | 6.50% | $205,000 | 322 |
North Dakota counties
Counties with at least 200 applications in 2025, most active first.
Frequently asked questions
11.4% of mortgage applications in North Dakota were denied in 2025 (13.7% of applications that reached a decision). Nationally the rate was 18.0%.
Gate City Bank handled the most applications in North Dakota in 2025: 3,106, with a denial rate of 11.3%.
Among lenders that decided at least 300 applications in North Dakota, Bravera Bank had the lowest decision denial rate at 2.4%.
The median interest rate on loans originated in North Dakota in 2025 was 6.50%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.