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MARKET BENCHMARKS · HMDA PUBLIC DATA

North Dakota mortgage market benchmarks

North Dakota origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

14,333

+9.4% vs 2024

2024: 13,102

Volume 2025

$3.97B

originated $
2024: $3.20B

Denial rate 2025

11.4%

denied / actioned
2024: 11.8% denied / actioned

Reporting lenders 2025

330

HMDA reporters
2024: 320 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$2.5B$5B$7.5B$10B20182019202020212022202320242025$3.97B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%6.8%13.6%2018201920202021202220232024202511.4%

North Dakota market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
202533020,68514,333$3.97B2025 origination volume14,333 loans originated11.4%2025 denial rate20,685 applications actioned58.4%31.9%
202432019,03013,102$3.20B2024 origination volume13,102 loans originated11.8%2024 denial rate19,030 applications actioned63.4%27.0%
202329317,19411,928$2.90B2023 origination volume11,928 loans originated11.4%2023 denial rate17,194 applications actioned65.1%23.4%
202232523,05616,152$4.14B2022 origination volume16,152 loans originated10.7%2022 denial rate23,056 applications actioned61.7%34.7%
202134438,33428,007$6.78B2021 origination volume28,007 loans originated8.6%2021 denial rate38,334 applications actioned43.5%66.0%
202032639,74929,174$7.10B2020 origination volume29,174 loans originated8.4%2020 denial rate39,749 applications actioned36.2%72.6%
201931924,77718,178$4.21B2019 origination volume18,178 loans originated10.5%2019 denial rate24,777 applications actioned54.4%48.4%
201830721,78416,165$3.26B2018 origination volume16,165 loans originated11.2%2018 denial rate21,784 applications actioned59.0%41.8%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

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