Mortgage Refinancing in North Dakota
Real refinance data for North Dakota from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
972
2023 HMDA data
Avg Loan Amount
$355,401
National: $410,429
Denial Rate
14.66%
▲ Below national avg
Median Home Value
$241,100
U.S. Census Bureau
Source: HMDA 2023 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in North Dakota
Originations by Year
Refinance originations in North Dakota by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in North Dakota
Source: FHFA House Price Index
Top Lenders in North Dakota
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | Gate City Bank | 3,545 | - |
| 2 | Gate City Bank | 2,841 | - |
| 3 | First International Bank & Trust | 1,142 | - |
| 4 | U.s. Bank National Association | 1,085 | - |
| 5 | First Community Credit Union | 1,081 | - |
| 6 | First Community Credit Union | 1,026 | - |
| 7 | Bell Bank | 905 | - |
| 8 | Capital Credit Union | 869 | - |
| 9 | Rocket Mortgage LLC | 835 | - |
| 10 | First International Bank & Trust | 788 | - |
Ranked by total HMDA filings in the state (2023). Source: HMDA via CFPB.
Compare all lenders →How North Dakota Compares
| Metric | North Dakota | National Avg |
|---|---|---|
| Refinance Originations | 972 | 435,709 |
| Avg Loan Amount | $355,401 | $410,429 |
| Denial Rate | 14.66% | 27.87% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2023, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.38%
▲ 6.22% prev
15-Year Fixed
5.75%
▲ 5.54% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in North Dakota in 2023?
In 2023, there were 972 refinance originations in North Dakota, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in North Dakota?
The average refinance loan amount in North Dakota was $355,401 in 2023. This reflects originated loans reported through HMDA.
What is the refinance denial rate in North Dakota?
The refinance denial rate in North Dakota was 14.66% in 2023. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in North Dakota?
The most active lenders in North Dakota by HMDA filing volume include Gate City Bank, Gate City Bank, First International Bank & Trust. See the full list above for details.
Is it a good time to refinance in North Dakota?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in North Dakota, including tips, regulations, and state programs.
Read the North Dakota Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.