Today's North Dakota (ND) Mortgage Rates

North Dakota (ND) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 176,688
Loan purchased by the institution: 46,136
Application denied by financial institution: 32,083
Application withdrawn by applicant: 21,189
Application approved but not accepted: 10,467
File closed for incompleteness: 5,464
Preapproval request denied by financial institution: 13
Preapproval request approved but not accepted: 1

Purpose of Loans

Refinancing: 137,336
Home purchase: 129,825
Home improvement: 24,880

Mortgage Types

Conventional: 218,782
FHA-insured: 48,723
VA-guaranteed: 19,114
FSA/RHS-guaranteed: 5,422

Mortage Actions by Applicant Race

White: 236,082
Not applicable: 33,273
Information not provided by applicant in mail, Internet, or telephone application: 16,544
American Indian or Alaska Native: 2,768
Asian: 1,766
Black or African American: 1,253
Native Hawaiian or Other Pacific Islander: 355

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 239,467
Not applicable: 33,319
Information not provided by applicant in mail, Internet, or telephone application: 16,738
Hispanic or Latino: 2,517

Mortage Actions by Applicant Sex

Male: 190,434
Female: 56,767
Not applicable: 33,276
Information not provided by applicant in mail, Internet, or telephone application: 11,564

Mortage Actions by Agency Name

Office of the Comptroller of the Currency: 90,554
Federal Deposit Insurance Corporation: 52,794
Department of Housing and Urban Development: 48,719
Consumer Financial Protection Bureau: 47,226
Office of Thrift Supervision: 21,400
National Credit Union Administration: 20,217
Federal Reserve System: 11,131

Mortage Actions by County

Mortage Actions by City

Unknown: 117,621
Fargo – ND, MN: 80,498
Bismarck – ND: 66,592
Grand Forks – ND, MN: 27,330

Mortage Denial Reasons

Unknown: 268,513
Credit history: 7,165
Debt-to-income ratio: 5,578
Collateral: 5,150
Other: 2,242
Credit application incomplete: 1,586
Unverifiable information: 681
Employment history: 667
Insufficient cash (downpayment, closing costs): 434
Mortgage insurance denied: 25

HOEPA Status of Mortage Loans

Not a HOEPA loan: 291,750
HOEPA loan: 291

Lien Status of Mortage Loans

Secured by a first lien: 218,553
Not applicable: 46,136
Secured by a subordinate lien: 22,401
Not secured by a lien: 4,951

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 272,478
Not owner-occupied as a principal dwelling: 17,965
Not applicable: 1,598

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 278,595
Manufactured housing: 11,583
Multifamily dwelling: 1,863

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 144,091
Fannie Mae (FNMA): 39,487
Freddie Mac (FHLMC): 31,094
Ginnie Mae (GNMA): 20,169
Other type of purchaser: 19,425
Life insurance company, credit union, mortgage bank, or finance company: 16,191
Commercial bank, savings bank or savings association: 15,216
Affiliate institution: 5,365
Private securitization: 997
Farmer Mac (FAMC): 6