Mortgage Lenders and Brokers in Ray, North Dakota
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Ray, North Dakota mortgage lenders include Western Cooperative Credit UnionWestern Cooperative Credit Union24 Railroad Ave, Ray, ND 58849A5.0 ★Texas Ratio: 9.52%, Gate City BankGate City Bank1725 Golf Dr, Bismarck, ND 58503A+5.0 ★Texas Ratio: 5.49%, First International Bank & TrustFirst International Bank & Trust616 Oak Street, Alexander, ND 58831B+4.8 ★Texas Ratio: 17.46%, US Bank, N.A.US Bank, N.A.423 E Bismarck Expy, Bismarck, ND 58504A+5.0 ★Texas Ratio: 2.85%, Dacotah BankDacotah Bank4324 Highway 281, Belcourt, ND 58316A5.0 ★Texas Ratio: 12.58%, Aspire Community Federal Credit UnionAspire Community Federal Credit Union1430 S BROADWAY, MINOT, ND 58701 5933A+5.0 ★Texas Ratio: 2.12%, Rocket Mortgage, United Wholesale Mortgage, CrossCountry Mortgage, LLC, and Fairway Independent Mort Corp. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Ray, North Dakota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Ray are listed first, then lenders elsewhere in North Dakota, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Ray, North Dakota
Market share is the lender's share of all home loans closed in Ray, North Dakota. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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24 Railroad Ave, Ray, ND 58849 A5.0 ★Texas Ratio: 9.52% |
FHA, USDA | 5 | 9.6% | 100% | $259,000 | View |
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★ 5 stars, 1 review 1725 Golf Dr, Bismarck, ND 58503 A+5.0 ★Texas Ratio: 5.49% |
Conventional, HELOC | 4 +3 HELOCs |
7.7% | 66.7% | $227,500 | View |
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616 Oak Street, Alexander, ND 58831 B+4.8 ★Texas Ratio: 17.46% |
Conventional, HELOC | 3 +2 HELOCs |
5.8% | 100% | $555,000 | View |
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423 E Bismarck Expy, Bismarck, ND 58504 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 2 | 3.8% | 100% | $140,000 | View |
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4324 Highway 281, Belcourt, ND 58316 A5.0 ★Texas Ratio: 12.58% |
Conventional | 1 | 1.9% | 100% | $325,000 | View |
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1430 S BROADWAY, MINOT, ND 58701 5933 A+5.0 ★Texas Ratio: 2.12% |
Conventional | 1 | 1.9% | 100% | $165,000 | View |
Rocket Mortgage
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Conventional, FHA | 8 | 15.4% | 66.7% | $333,750 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 4 | 7.7% | 100% | $282,500 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 4 | 7.7% | 100% | $502,500 | |
Fairway Independent Mort Corp
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Conventional, FHA | 4 | 7.7% | 100% | $482,500 | |
Newrez LLC
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FHA, VA | 2 | 3.8% | 66.7% | $350,000 | |
Triad Financial Services, Inc.
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Conventional | 2 | 3.8% | 100% | $135,000 | |
Mortgage Research Center
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VA | 2 | 3.8% | 66.7% | $350,000 | |
American Neighborhood Mortgage Acceptance Company
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Conventional, FHA | 2 | 3.8% | 100% | $305,000 | |
Guaranteed Rate Affinity, LLC
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FHA | 1 | 1.9% | 100% | $455,000 | |
Freedom Mortgage Corporation
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VA | 1 | 1.9% | 33.3% | $225,000 | |
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A5.0 ★Texas Ratio: 13.85% |
Conventional | 1 | 1.9% | 100% | $225,000 | View |
American Financing Corporation
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Conventional | 1 | 1.9% | 25% | $165,000 | |
Nationstar Mortgage
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Conventional | 1 | 1.9% | 100% | $65,000 | |
Better Mortgage Corporation
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Conventional | 1 | 1.9% | 50% | $55,000 | |
Navy Federal Credit Union
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Conventional | 1 | 1.9% | 100% | $305,000 | |
Plaza Home Mortgage, Inc
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Conventional | 1 | 1.9% | 100% | $555,000 | |
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★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Ray Mortgage Rate Trends
Daily average mortgage rates for North Dakota compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Ray, North Dakota
Looking for mortgage lenders near me or mortgage brokers near me in Ray? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Ray in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Ray, ND
Use these to narrow the list above. Each category shows how many Ray, ND lenders fit and what that kind of lender is usually best for.
Who Lends in Ray, ND
Independent mortgage companies closed 65.4 percent of home loans in Ray, North Dakota in 2025, banks 21.2 percent and credit unions 13.5 percent. Rocket Mortgage was the largest mortgage company, Gate City Bank the largest bank and Western Cooperative Credit Union the largest credit union. Among lenders headquartered in North Dakota, Western Cooperative Credit Union led with 5 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Title or escrow companies usually handle closings in North Dakota. None. North Dakota has no real estate transfer tax and no mortgage recording tax.
More North Dakota Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Ray, ND
By home loans closed in 2025, Western Cooperative Credit Union was the largest mortgage lender in Ray, North Dakota with 5 loans, about 9.6 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
8 lenders closed FHA loans in Ray, North Dakota in 2025, led by Western Cooperative Credit Union with 4. 5 lenders closed VA loans, led by Mortgage Research Center, and 1 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 6 banks and 3 credit unions closed home loans in Ray, North Dakota in 2025, alongside 14 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Ray, North Dakota during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Ray, North Dakota for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Ray. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
