States › North Dakota › Grand Forks County
Grand Forks County, North Dakota
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Grand Forks County, North Dakota, saw 1,618 HMDA-reported applications and 1,177 originations ($263m) in 2024.
That is 37.6 originations per 1,000 households, against 39.6 for North Dakota and 48.0 nationally.
The county's denial rate was 13.6%, close to the state rate of 14.3%. The median rate spread on originated loans was 0.3 percentage points and 13.2% of originations were 1.5 points or more above the average prime offer rate.
18 lenders reached 25 applications in the county; the most active by originations were Gate City Bank (249), United Wholesale Mortgage (139) and Alerus Financial NA (92).
Originations were up 12% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Gate City Bank | 320 | 249 | $36m | 15.0% | — |
| 2 | United Wholesale Mortgage | 151 | 139 | $42m | 2.1% | — |
| 3 | Alerus Financial NA | 112 | 92 | $19m | 5.9% | — |
| 4 | Barrington Bank & Trust Company, N.A. | 68 | 59 | $15m | 1.7% | — |
| 5 | Ark-La-Tex Financial Services LLC | 61 | 51 | $13m | 1.9% | — |
| 6 | First International Bank & Trust | 58 | 49 | $11m | 5.8% | — |
| 7 | First Community Credit Union | 63 | 41 | $11m | 16.3% | — |
| 8 | Frandsen Bank & Trust | 55 | 39 | $6.5m | 11.4% | — |
| 9 | Bremer Bank NA | 47 | 39 | $7.6m | 11.4% | — |
| 10 | Nations Lending Corporation | 40 | 39 | $8.7m | 0.0% | — |
| 11 | Rocket Mortgage | 44 | 33 | $5.3m | 18.6% | — |
| 12 | First State Bank | 34 | 33 | $6.3m | 0.0% | — |
| 13 | American Federal Bank | 34 | 24 | $11m | 6.9% | — |
| 14 | Us Bank, N.A. | 39 | 23 | $3.5m | 30.3% | — |
| 15 | Mortgage Research Center | 32 | 20 | $4.8m | — | — |
| 16 | 21st Mortgage | 48 | 7 | $365k | 77.4% | — |
| 17 | Navy Federal Credit Union | 25 | 7 | $2.0m | — | — |
| 18 | Discover Bank | 30 | 5 | $315k | — | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 18. Denial rate is denials over decided applications in this county.
Compared with North Dakota and the nation
| Measure | This county | North Dakota | United States |
|---|---|---|---|
| Denial rate | 13.6% | 14.3% | 24.3% |
| Median rate spread, pp | 0.3 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 13.2% | 13.2% | 15.6% |
| Average originated loan | $224k | $244k | $329k |
| Originations per 1,000 households | 37.6 | 39.6 | 48.0 |
| Home purchase share of originations | 62.1% | 63.4% | 57.0% |
| FHA-insured share | 11.0% | 13.0% | 13.4% |
| VA-guaranteed share | 12.1% | 9.5% | 7.9% |
Rate spread distribution
Share of 982 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: North Dakota). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 62% (731)Home improvement 9% (107)Refinancing 12% (147)Cash-out refinancing 8% (96)Other purpose 8% (96)
By type
Conventional 77% (903)FHA 11% (130)VA 12% (142)USDA 0% (2)
Trend by year
ApplicationsOriginations
This countyNorth Dakota
Questions and answers
Which lenders are most active in Grand Forks County, ND?
By 2024 originations: Gate City Bank (249), United Wholesale Mortgage (139), Alerus Financial NA (92), Barrington Bank & Trust Company, N.A. (59), Ark-La-Tex Financial Services LLC (51). 18 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Grand Forks County?
13.6% of decided applications were denied in 2024, against 14.3% across North Dakota and 24.3% nationally.
How many mortgages were originated in Grand Forks County in 2024?
1,177 loans totalling $263m, from 1,618 applications; 37.6 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 38035; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.