Applications / Mortgage Analytics / Lenders / North Dakota / Valley Mortgage
Fargo, ND · Independent non-bank lender · CFPB · 243 loans in 2025
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243
loans originated, 2025
277
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Valley Mortgage is a Fargo home-purchase lender, fifth in its home market, whose lending has barely moved since 2023.
Purchases make up 91.4% of its loans. It made 243 in 2025, down 4%, while similar lenders, independent non-bank lenders making between half and twice as many loans, fell by 1% and the whole market grew by 10%. Its count has barely moved in three years: 246, 253, then 243.
Borrowers with low or moderate incomes (LMI) took 36.6% of its loans, against 22.6% at similar lenders, more than about three in four of them. Yet only 6.2% of its loans were in LMI neighborhoods, against 18.2%, among the lowest tenth. It lends in 23 counties, mostly in North Dakota and Minnesota, and the figure may reflect how few poorer tracts those places hold, which these data do not show. Loans guaranteed by the Department of Veterans Affairs (VA) are 8.2% of its book, about double the peer figure.
Its typical rate was 6.25%, lower than nearly nine in ten similar lenders, whose typical rate was 6.50%. It turned down 2.3% of home-purchase applications, against 3.5% at similar lenders.
In Fargo it ranked fifth of 207 lenders with 3.6% of dollars lent, down from 4.5%. Bell Bank, Gate City Bank and First International Bank & Trust lead. Its dollar lending across all markets rose, from $70.2 million to $76.6 million, so the slip may reflect faster growth by rivals in Fargo rather than a retreat. It gained a little in Grand Forks.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Valley Mortgage took 277 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 91.4% · Refinance 8.6%
Conventional 75.7% · FHA 15.2% · VA 8.2% · USDA (RHS or FSA) 0.8% · of 243 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| North Dakota | 172 | 70.8% |
| Minnesota | 71 | 29.2% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Fargo | 200 |
| Minneapolis-St. Paul-Bloomington | 5 |
| Grand Forks | 3 |
| Bismarck | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300PLVU3OBFUIPI18 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4321066 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7411981350 | |
| Respondent ID (the HMDA filer code before 2018) | 71664600003 | 2004–2004 |
Established date not on record. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Valley Mortgage's data.
Valley Mortgage's data
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