Largest lenders in Grand Forks County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Gate City Bank | C | 314 | 254 | 8.9% | 6.77% |
| 2 | United Shore Financial Services | B | 178 | 160 | 2.3% | 6.25% |
| 3 | Alerus Financial | B | 123 | 99 | 5.7% | 7.00% |
| 4 | First International Bank & Trust | B | 81 | 69 | 1.2% | 6.50% |
| 5 | Barrington Bank & Trust Company | C | 66 | 55 | 1.5% | 6.25% |
| 6 | First Community Credit Union | B | 59 | 47 | 6.8% | 6.25% |
| 7 | Old National Bank | B | 54 | 40 | 16.7% | 6.43% |
| 8 | Rocket Mortgage | C | 47 | 36 | 14.9% | 6.63% |
| 9 | 21st Mortgage | F | 41 | 10 | 39.0% | 11.98% |
| 10 | Frandsen Bank & Trust | B | 39 | 30 | 5.1% | 6.56% |
| 11 | U.S. Bank | D | 38 | 21 | 26.3% | 7.95% |
| 12 | First State Bank | – | 38 | 37 | 0.0% | — |
| 13 | Mortgage Research Center | C | 38 | 18 | 15.8% | 6.25% |
| 14 | Granite Bank | B | 35 | 29 | 5.7% | 6.50% |
| 15 | First Holding Company of Cavalier | – | 33 | 31 | 0.0% | — |
| 16 | Nations Lending | B | 28 | 26 | 0.0% | 6.69% |
| 17 | Florida Capital Bank | A | 25 | 24 | 4.0% | 6.19% |
| 18 | Ark-La-Tex Financial Services, LLC. | A | 24 | 17 | 4.2% | 6.49% |
| 19 | American Federal Bank | C | 23 | 13 | 8.7% | — |
| 20 | Freedom Mortgage | B | 19 | 11 | 10.5% | 6.25% |
| 21 | Choice Financial Group | B | 17 | 11 | 11.8% | 7.10% |
| 22 | Bremer Bank | B | 17 | 14 | 5.9% | 6.81% |
| 23 | Wells Fargo Bank | B | 15 | 3 | 20.0% | 6.88% |
| 24 | Bank Forward | A | 15 | 12 | 0.0% | — |
| 25 | Pennymac Loan Services | C | 14 | 5 | 21.4% | 8.63% |
Best approval odds in Grand Forks County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | First International Bank & Trust | 70 | 1.4% |
| 2 | Barrington Bank & Trust Company | 56 | 1.8% |
| 3 | United Shore Financial Services | 165 | 2.4% |
| 4 | Alerus Financial | 110 | 6.4% |
| 5 | First Community Credit Union | 51 | 7.8% |
| 6 | Gate City Bank | 285 | 9.8% |
What Grand Forks County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Grand Forks County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,418 | 1,053 | 12.0% | 6.87% | $165,000 |
| 2024 | 1,618 | 1,177 | 11.7% | 6.65% | $185,000 |
| 2025 | 1,705 | 1,263 | 9.4% | 6.50% | $205,000 |
Frequently asked questions
9.4% of applications in Grand Forks County were denied in 2025, against 11.4% statewide in North Dakota.
Gate City Bank, with 314 applications in 2025 and a denial rate of 8.9%.
The median mortgage application in Grand Forks County in 2025 was for $205,000; the median property value on originated loans was $315,000.