# Choice Financial Group

> **Canonical URL:** https://saferate.com/lenders/choice-financial-group


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Choice Financial Group is a bank, headquartered in Fargo, ND, serving borrowers across 16 states, with 154 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 61% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 58% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300BB4LSE4JRRGV15
- **Headquarters:** Fargo, ND
- **Geographic Reach:** Multi-Region
- **States Served:** 16
- **State List:** AZ, CA, FL, GA, MN, MT, ND, NE, OH, SC, SD, TN, TX, WA, WI, WY
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 39/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 42/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.003%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,661
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 154
- **Dollar Volume:** $66 million
- **Applications Received:** 189
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $426,104
- **Average Borrower Income:** $239,227
- **Average Property Value:** $623,961

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 48/100 | 135 | -0.002% | $3,506 | Sound ☺️ |
| Jumbo | 45/100 | 18 | -0.014% | $7,493 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 122 loans, Score: 49/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 49/100 | 138 | $59M | -0.002% | Sound ☺️ |
| Refinance | 24/100 | 16 | $7M | -0.012% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| ND | 73 | 1.00% | 71/100 |
| MN | 51 | 0.08% | 61/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 51 | 49/100 |
| Fargo, ND | ND-MN | 36 | 66/100 |
| Minneapolis | MN-WI | 18 | 50/100 |
| Bismarck, ND | ND | 11 | 48/100 |
| Grand Forks, ND | ND-MN | 11 | 54/100 |

## Where This Lender Ranks

Choice Financial Group appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#8** in Grand Forks, ND for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/grand-forks-nd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Fargo, ND for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Bismarck, ND for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bismarck-nd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in Fargo, ND Banks
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks)
- 🏆 **#13** in Grand Forks, ND for Conventional Loans
  - [View Full Rankings](https://saferate.com/grand-forks-nd/best-mortgage-lenders/conventional-loans)
- 🏆 **#16** in North Dakota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#16** in Bismarck, ND for Conventional Loans
  - [View Full Rankings](https://saferate.com/bismarck-nd/best-mortgage-lenders/conventional-loans)
- 🏆 **#18** in North Dakota Banks
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks)

## Frequently Asked Questions

### What loan types does Choice Financial Group offer?

Choice Financial Group offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Choice Financial Group offer mortgages?

Choice Financial Group offers mortgages in 16 states: AZ, CA, FL, GA, MN, MT, ND, NE, OH, SC, SD, TN, TX, WA, WI, WY.

### How competitive are Choice Financial Group's mortgage rates?

Choice Financial Group has a pricing score of 39/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.003% below market average.

### What type of lender is Choice Financial Group?

Choice Financial Group is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Fargo, ND.

### What is Choice Financial Group's loan approval success rate?

Choice Financial Group has a pull-through score of 42/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/choice-financial-group

### How to Cite

> "Choice Financial Group Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/choice-financial-group

---

**[View Interactive Profile →](https://saferate.com/lenders/choice-financial-group)**