STATE MARKET PROFILE · HMDA PUBLIC DATA

South Dakota mortgage market

Name: South Dakota Mortgage Market 2025
Creator: MortRadar
License: https://mortradar.com/legal/attribution

Who lends in South Dakota, how much, and how it is changing — origination volume, denial rates, the top lenders by volume, and the purchase vs refinance mix, 2018–2025, from HMDA public data. Figures are as of activity year 2025 (latest available). Free — no account required.

Origination volume · 2025

$4.82B

+18.3% vs 2024

Originations · 2025

17,111

+7.7% vs 2024

Denial rate · 2025

12.7%

denied / actioned

HMDA reporters · 2025

396

HMDA reporters

Rank among states & territories

#47

of 54 states & territories by volume

Share of U.S. volume

0.2%

U.S. $2.41T

Median loan amount

$235K

U.S. $245K

Top lender

Plains Commerce Bank

9.7% of the state

◈

MARKET SHARE

Plains Commerce Bank led South Dakota in 2025 with $467.2M — 9.7% of the state's disclosed volume. South Dakota ranks #47 of 54 states & territories by origination volume, 0.2% of the national total. Statewide volume rose +18.3% from 2024.

Origination volume by year

South Dakota dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS

Loan purpose mix

Share of 2025 ORIGINATED LOANS — a unit mix. No source publishes purpose-level dollars, so this is never a $ share.

Purchase58%

Refinance29%

Other purposes14%

Denial rate by year

South Dakota vs the U.S. · denials / actioned applications

% · STATE VS U.S.

Agency channel mix

Share of 2025 originations

Conventional75%

FHA13%

VA11%

USDA / RHS1%

Lenders in South Dakota · 2025

All 396 lenders that reported in South Dakota, ranked by origination volume · sort, filter and export any of them · each row opens the company profile

EVERY SOUTH DAKOTA RECORD →

1Plains Commerce Bank1,570$467.2M9.7%

−9.3%

2CMG Mortgage689$227.3M4.7%

+43.1%

3First Premier Bank942$223.8M4.6%

+19.4%

4First Dakota National Bak576$220.6M4.6%

+17.2%

5First Bank & Trust972$212.9M4.4%

−2.7%

6Rocket Mortgage753$158.6M3.3%

+30.6%

7First International Bank & Trust503$156.1M3.2%

+78.2%

8American Bank & Trust417$144.9M3.0%

+61.9%

9Black Hills Federal Credit Union738$143.9M3.0%

−13.7%

10United Wholesale Mortgage426$141.8M2.9%

+28.5%

11Bankwest494$115.1M2.4%

−6.7%

12Dacotah Bank433$115.1M2.4%

+14.8%

13Fairway Independent Mortgage375$105.9M2.2%

+22.8%

14Central Bank304$97.5M2.0%

+61.7%

15Levo Federal Credit Union541$97.1M2.0%

+29.1%

16Mortgage Research Center298$94.8M2.0%

+52.0%

17U.S. Bank392$89.8M1.9%

+19.9%

18First Interstate Bank364$67.1M1.4%

+11.8%

19Granite Bank229$61.8M1.3%

+37.3%

20Cortrust Mortgage229$60.7M1.3%

+12.9%

21The First National Bank in Sioux Falls170$55.4M1.1%

+10.0%

22NewRez148$54.3M1.1%

+115.8%

23First National Bank189$53.8M1.1%

+45.4%

24Freedom Mortgage162$51.8M1.1%

+79.1%

25Guaranteed Rate173$51.3M1.1%

+2.0%

26Reliabank Dakota145$50.0M1.0%

+17.6%

27American Neighborhood Mortgage Acceptance135$49.6M1.0%

+12445.6%

28Pioneer Bank & Trust130$48.7M1.0%

+8.5%

29CrossCountry Mortgage175$47.3M1.0%

+21.5%

30PennyMac Loan Services187$45.8M1.0%

+24.4%

31Security National Bank of SD47$45.6M0.9%

+192.1%

32Black Hills Community Bank113$41.7M0.9%

+38.7%

33Credit Union Mortgage Direct169$41.5M0.9%

+36.3%

34Service First Federal Credit Union140$41.0M0.9%

−8.9%

35Cortrust Bank270$38.8M0.8%

+30.9%

36Gateway First Bank148$37.1M0.8%

+11.4%

37Farm Credit Mid-America, Aca91$36.5M0.8%

−5.7%

38Wells Fargo Bank134$34.0M0.7%

+2.3%

39Kind Lending89$33.1M0.7%

+42.5%

40American Pacific Mortgage79$28.5M0.6%

+41.8%

41Colliers Mortgage2$27.9M0.6%—

42Navy Federal Credit Union104$23.4M0.5%

+86.0%

43Northwest Bank24$20.4M0.4%

+272.1%

44Quoin Financial Bank41$19.6M0.4%

+85.7%

45First Western Bank & Trust9$19.5M0.4%

+654.1%

46Citizens Bank81$19.1M0.4%

+95.9%

47Bellwether Enterprise Real Estate Capital2$19.0M0.4%—

48Security First Bank37$18.8M0.4%

+33.7%

49PNC Bank4$17.5M0.4%

+1338.7%

50Nationstar Mortgage93$16.9M0.4%

+35.9%

51Arbor Realty Trust1$16.6M0.3%—

52Peoples Bank15$16.4M0.3%

+665.7%

53Bank Midwest5$15.2M0.3%

+21.8%

54West Gate Bank44$14.4M0.3%

+78.0%

55Mutual of Omaha Mortgage45$13.9M0.3%

+5.5%

56Cornerstone Bank19$13.3M0.3%

−67.5%

57Security Savings Bank36$13.2M0.3%

+198.4%

58Lakeview Loan Servicing46$13.1M0.3%

+15.6%

59American State Bank32$13.1M0.3%

−47.3%

60loanDepot76$12.8M0.3%

−16.8%

61JPMorgan Chase Bank37$12.6M0.3%

−32.4%

62USAA Federal Savings Bank36$11.5M0.2%

−4.7%

63Sentinel Federal Credit Union35$11.3M0.2%

+55.0%

64Highmark Federal Credit Union42$11.2M0.2%

−12.0%

65Voyage Federal Credit Union74$11.1M0.2%

+29.2%

66Rivers Edge Bank55$11.1M0.2%

+86.6%

67Aspen Federal Credit Union58$11.0M0.2%

+166.4%

68Frontier Bank38$11.0M0.2%

−5.8%

69Minnwest Bank49$10.9M0.2%

−64.7%

70BMO Harris Bank49$10.7M0.2%

+38.6%

71New Day Financial39$10.5M0.2%

+45.9%

72First National Bank of Omaha54$10.4M0.2%

−81.0%

73The27$10.4M0.2%

+106.7%

74CBRE Multifamily Capital1$9.6M0.2%

−64.3%

75Iowa Bankers Mortgage35$9.0M0.2%

−41.3%

76First Savings Bank14$8.9M0.2%

+104.4%

77American Financial Resources33$8.8M0.2%

+190.2%

78Towne Mortgage23$8.7M0.2%

+0.8%

79The Security National Bank of Sioux City, Iowa20$8.4M0.2%

−48.2%

80New American Funding39$8.1M0.2%

−4.2%

81Servion29$8.0M0.2%

−16.6%

82Amerisave Mortgage62$7.8M0.2%

+47.2%

83Union Home Mortgage19$7.7M0.2%

+22.8%

84Siouxland Federal Credit Union27$7.2M0.1%

+34.6%

85Morgan Stanley Private Bank8$7.0M0.1%

+9.9%

86Guild Mortgage21$6.7M0.1%

+32.5%

87Sofi Bank40$6.6M0.1%

+287.1%

88Cardinal Financial Company, Li31$6.5M0.1%

−19.3%

89Planet Home Lending27$6.4M0.1%

+9.6%

90Equity Prime Mortgage22$6.3M0.1%

+309.1%

91First State Bank Southwest18$5.9M0.1%

+33.2%

92Village Capital & Investment16$5.6M0.1%

+80.1%

93Primary Residential Mortgage23$5.4M0.1%

+4.2%

94PHH Mortgage17$5.0M0.1%

+113.0%

95Bank Five Nine1$5.0M0.1%—

96Premier Bank23$4.9M0.1%

+134.4%

97Bank of America25$4.8M0.1%

+74.9%

98Flanagan State Bank15$4.8M0.1%

+61.0%

99Better Mortgage18$4.8M0.1%

+205.1%

100Bluestone Federal Credit Union50$4.7M0.1%

−9.9%

101Change Lending7$4.6M0.1%

+2400.0%

102Availa Bank12$4.6M0.1%

+458.8%

10321st Mortgage46$4.6M0.1%

−15.8%

104NBKC Bank12$4.6M0.1%

−41.6%

105Huntington National Bank12$4.2M0.1%

+15.0%

106Figure Lending59$4.1M0.1%

+194.3%

107Sage Home Loans13$4.1M0.1%

+648.2%

108Bell Bank14$4.1M0.1%

−34.5%

109Berkadia Commercial Mortgage1$4.0M0.1%

−45.3%

110Plaza Home Mortgage11$3.9M0.1%

+172.3%

111Northern Hills FCU23$3.8M0.1%

−52.1%

112Click n' Close14$3.7M0.1%

−0.9%

113Primebank14$3.7M0.1%

+45.1%

114Merchants Bank11$3.7M0.1%

+427.9%

115Mission Loans27$3.6M0.1%

+1.7%

116Bank of Dixon County14$3.5M0.1%

+158.4%

117Barrington Bank & Trust Company11$3.3M0.1%

+64.7%

118Ark-La-Tex Financial Services7$3.2M0.1%

+1.4%

119Mortgage Solutions of Colorado10$3.2M0.1%

+697.5%

120Flagstar Bank14$3.1M0.1%

−79.2%

121American Financing19$3.1M0.1%

+74.1%

122Genisys Credit Union2$3.1M0.1%—

123Lower9$2.9M0.1%

+104.5%

124Premia Mortgage7$2.9M0.1%

+834.9%

125Midwest Bank2$2.9M0.1%

+145.2%

126Heritage Bank10$2.9M0.1%

−7.3%

127Liberty National Bank15$2.7M0.1%

−35.7%

128Bravera Bank5$2.7M0.1%

+562.2%

129Raymond James Bank3$2.7M0.1%

+84.7%

130PrimeLending6$2.7M0.1%

+279.0%

131Triad Financial Services29$2.7M0.1%

+75.1%

132Greenstate Credit Union11$2.7M0.1%

−7.3%

133AmeriHome Mortgage9$2.7M0.1%

−29.9%

134Carrington Mortgage Services12$2.6M0.1%

−21.0%

135The Loan Store8$2.5M0.1%

+21.8%

136First Technology Federal Credit Union1$2.3M0.0%—

137A&D Mortgage9$2.2M0.0%

+985.4%

138Coastal Community Bank44$2.2M0.0%

+5.7%

139BOKF4$2.2M0.0%

+1312.9%

140Pentagon Federal Credit Union10$2.1M0.0%

+7.0%

141Discover Bank21$2.1M0.0%

−69.9%

142The Central Trust Bank4$2.1M0.0%—

143ReadyCap Commercial1$2.0M0.0%—

144City National Bank1$2.0M0.0%—

145Movement Mortgage8$2.0M0.0%

+6.1%

146Loanunited.Com6$1.9M0.0%

+329.2%

147Stifel Bank & Trust6$1.9M0.0%

−22.1%

148Frandsen Bank & Trust7$1.9M0.0%

+76.3%

149Charter West Bank7$1.9M0.0%

+77.7%

150American Internet Mortgage5$1.9M0.0%

+207.4%

151Colorado7$1.9M0.0%—

152Baxter Credit Union4$1.8M0.0%

+302.3%

153Nexbank4$1.7M0.0%

+253.1%

154Calcon Mutual Mortgage2$1.7M0.0%—

155Compeer Financial2$1.7M0.0%

+119.2%

156Finance of America Reverse8$1.7M0.0%

+85.7%

157Das Acquisition5$1.7M0.0%

−28.3%

158Alliant Credit Union3$1.6M0.0%

+181.9%

159Pinnacle Bank5$1.6M0.0%

+4.5%

160Zillow Home Loans8$1.6M0.0%

−14.4%

161Wings Financial Credit Union4$1.6M0.0%

+30.1%

162First Federal Bank4$1.6M0.0%

−59.5%

163Charles Schwab Bank4$1.6M0.0%

+58.4%

164Sunrise Banks5$1.5M0.0%—

165Arvest Bank6$1.5M0.0%

−19.8%

166Midwest Heritage Bank5$1.5M0.0%

−35.1%

167Luminate Bank6$1.4M0.0%—

168Flat Branch Mortgage3$1.4M0.0%—

169Citibank6$1.4M0.0%

−18.2%

170Paramount Residential Mortgage3$1.3M0.0%

−17.2%

171Churchill Mortgage8$1.3M0.0%

−38.9%

172Union Bank and Trust Company3$1.3M0.0%—

173Pinnacle Bank - Wyoming4$1.3M0.0%

+95.3%

174First Community Bank1$1.3M0.0%—

175Waterstone Mortgage5$1.2M0.0%

+130.8%

176Farmers Bank & Trust3$1.2M0.0%

+71.7%

177HomeTown Bank5$1.2M0.0%

+219.2%

178Deephaven Mortgage3$1.2M0.0%—

179HomeBridge Financial Services7$1.2M0.0%

−28.9%

180Magnolia Bank3$1.1M0.0%

+33.1%

181Gate City Bank4$1.1M0.0%

−5.0%

182Kiavi Funding5$1.1M0.0%—

183Veridian Credit Union4$1.1M0.0%

+24.3%

184Points West Community Bank2$1.1M0.0%—

185Think Mutual Bank3$995K0.0%—

186Bank Forward2$950K0.0%—

187Pioneer Bank2$930K0.0%

−69.3%

188M&T Bank3$925K0.0%

+54.2%

189University Bank6$890K0.0%

+91.4%

190SIRVA Mortgage3$885K0.0%

−48.8%

191Kirkwood Bank & Trust Co1$865K0.0%—

192Guaranteed Rate Affinity2$830K0.0%

−18.6%

193Town and Country Credit Union5$825K0.0%

+126.0%

194Canopy Mortgage2$810K0.0%

−19.8%

195Bank of Whittier1$805K0.0%—

196Axos Bank3$795K0.0%—

197Arbor Bank2$790K0.0%—

198Lakeview Community Capital3$755K0.0%

+132.3%

199Castle & Cooke Mortgage1$725K0.0%

−34.7%

200Premier Mortgage Resources3$715K0.0%—

201Choice Financial Group1$715K0.0%

+1200.0%

202Dakota Community Bank & Trust4$710K0.0%

−71.9%

203Cornerstone First Mortgage2$710K0.0%—

204Four Points Federal Credit Union2$710K0.0%

−25.7%

205Old National Bank3$705K0.0%

+11.0%

206OCMBC3$705K0.0%

−37.3%

207Starion Bank3$695K0.0%

+71.6%

208Western State Bank2$690K0.0%

+84.0%

209Everett Financial3$685K0.0%

+621.1%

210V.I.P. Mortgage3$665K0.0%

−72.5%

211Vanderbilt Mortgage & Finance1$665K0.0%—

212Servis One2$660K0.0%

+63.0%

213Pinnacle Bank1$635K0.0%—

214MidFirst Bank1$615K0.0%—

215Empeople Credit Union4$600K0.0%

−67.5%

216Angel Oak Mortgage Solutions3$595K0.0%

+2.6%

217Summit Mortgage1$595K0.0%—

218First Community Credit Union4$580K0.0%

+480.0%

219Goldman Sachs Bank USA1$575K0.0%—

220Blaze Credit Union2$570K0.0%

+1528.6%

221Success Lending2$570K0.0%

+50.0%

222Geneva Financial1$555K0.0%

−2.6%

223Adams Bank & Trust2$550K0.0%—

224Armed Forces Bank1$545K0.0%—

225Prosperity Home Mortgage2$540K0.0%

−82.7%

226Primis Bank1$525K0.0%

+218.2%

227Gateway Bank1$525K0.0%—

228United Bank of Iowa2$520K0.0%—

229Sun West Mortgage2$520K0.0%

−40.2%

230Lincoln Federal SVGS BK of Ne2$510K0.0%

+61.9%

231The State Bank of Faribault2$510K0.0%

+161.5%

232UBS Bank USA1$505K0.0%

−90.5%

233First Colony Mortgage Corporat3$485K0.0%—

234Gold Star Mortgage Financial Group1$485K0.0%

+14.1%

235KS StateBank1$485K0.0%

−66.0%

236Thrivent Federal Credit Union3$475K0.0%

+79.2%

237Eastman Credit Union1$475K0.0%

+458.8%

238EMM Loans1$475K0.0%—

239First Community Mortgage2$470K0.0%

−61.6%

240Railway Credit Union2$470K0.0%

+46.9%

241Unison Bank2$470K0.0%—

242Longbridge Financial3$465K0.0%

−13.1%

243SouthPoint Financial Credit Union3$465K0.0%—

244Verus1$465K0.0%—

245Cornerstone Capital Bank3$455K0.0%

−18.0%

246Dundee Bank1$455K0.0%—

247Devon Bank1$455K0.0%

+111.6%

248All Credit Considered Mortgage1$455K0.0%—

249Peoples State Bank of Plainview1$425K0.0%

−14.1%

250Northview Bank1$425K0.0%—

251First National Bank of America1$405K0.0%

+636.4%

252Homestead Funding1$395K0.0%

−58.9%

253Homeowners Financial Group1$385K0.0%

−62.4%

254Central National Bank1$375K0.0%—

255Citizens Bank Minnesota1$375K0.0%—

256Five Points Bank1$375K0.0%

+257.1%

257Real Genius1$365K0.0%—

258Polaris Home Funding2$350K0.0%

−51.0%

259Capital Credit Union2$340K0.0%

−65.3%

260NQM Funding1$335K0.0%—

261AgCountry Farm Credit Services, FLCA1$325K0.0%

−88.6%

262Nations Lending1$325K0.0%

+8.3%

263American Federal Bank1$325K0.0%—

264Commerce Bank1$325K0.0%—

265Dominion Financial Services2$320K0.0%

+42.2%

266Bny Mellon1$315K0.0%—

267City & County Credit Union1$315K0.0%—

268First Western Trust Bank1$305K0.0%—

269Transportation Federal Credit Union1$305K0.0%—

270Alameda Mortgage1$305K0.0%—

271SFMC1$305K0.0%—

272Peoples Bank1$305K0.0%—

273Atlantic Union Bank1$305K0.0%—

274Bank of Utah2$300K0.0%—

275US Mortgage1$295K0.0%—

276Alerus Financial1$295K0.0%

−58.5%

277Citizens Alliance Bank1$295K0.0%

+103.4%

278Home Federal Savings and Loan2$290K0.0%—

279Northpointe Bank1$285K0.0%

−25.0%

280Premier Credit Union4$280K0.0%

−28.2%

281Sunflower Bank2$280K0.0%

−47.2%

282Chevron Federal Credit Union1$275K0.0%—

283Go Mortgage1$265K0.0%—

284Heritage Bank1$265K0.0%

−37.6%

285Nationwide Mortgage Bankers1$265K0.0%—

286Atkins Savings Bank & Trust1$265K0.0%—

287First Savings Bank1$265K0.0%

−77.8%

288Meridian Trust Federal Credit Union2$260K0.0%—

289Quontic Bank1$255K0.0%

−21.5%

290Connexus Credit Union1$255K0.0%—

291American Mortgage Bank1$255K0.0%—

292RoundPoint Mortgage Servicing1$255K0.0%—

293Bremer Bank1$255K0.0%

−98.3%

294RANLife1$255K0.0%—

295Franklin Loan1$245K0.0%—

296Bruning Bank1$245K0.0%

−26.9%

297Fourleaf Federal Credit Union3$235K0.0%

−77.7%

298ANB Bank2$230K0.0%—

299Oceanfirst Bank1$225K0.0%

−57.9%

300Envoy Mortgage1$225K0.0%—

301Lendsure Mortgage1$225K0.0%—

302Frontier Bank1$215K0.0%—

303MortgageOne1$215K0.0%—

304CBI Bank & Trust1$215K0.0%—

305Bay Equity1$215K0.0%

−87.6%

306Platte Valley Bank1$215K0.0%—

307American Financial Network1$205K0.0%

−33.9%

308Stockman Bank of Montana1$205K0.0%—

309Spring EQ1$205K0.0%—

310Bank of Colorado1$205K0.0%—

311Bankers Trust Company1$195K0.0%—

312KodaBank1$185K0.0%

−54.3%

313Ally Bank1$185K0.0%

−74.8%

314F&M Bank1$185K0.0%—

315Synergy One Lending1$165K0.0%

−80.0%

316Farmers Insurance Federal Credit Union1$165K0.0%

−46.8%

317American Airlines Federal Cred2$160K0.0%

−62.4%

318Willamette Valley Bank1$155K0.0%

−39.2%

319Novation Credit Union3$145K0.0%

+0.0%

320Core Bank1$145K0.0%—

321Exchange Bank1$135K0.0%—

322BankFirst1$135K0.0%

−90.6%

323Valon Mortgage1$135K0.0%—

324First National Bank2$130K0.0%—

325Communityamerica Federal Credit Union1$125K0.0%

−49.0%

326Service Federal Credit Union2$120K0.0%

−11.1%

327Thrivent Bank1$115K0.0%—

328First State Bank1$115K0.0%—

329BankChampaign1$105K0.0%—

330Hometown Credit Union1$105K0.0%—

331Deerwood Bank1$105K0.0%—

332Truist Bank1$95K0.0%

−72.5%

333Credit Human Federal Credit Un1$55K0.0%

−66.7%

334Signature Federal Credit Union1$55K0.0%

+57.1%

335Mason-McDuffie Mortgage1$55K0.0%—

336Great Southern Bank1$35K0.0%

−87.5%

337Telco Triad Community Credit Union HMDA 20250———

338Smartfi Home Loans0———

339State Departmenet Federal Credit Union0———

340RCN Capital0———

341Fidelity Bank0———

342Radiant Credit Union0———

343Founders Federal Credit Union0———

344Skyward Credit Union0———

345Summit Mortgage0———

346Southwest Stage Funding0———

347TruHome Solutions0———

348Hanscom Federal Credit Union0———

349Arc Home0———

350Liberty Federal Credit Union0———

351Presidential Bank0———

352Opportunity Bank of Montana0———

353Data Mortgage0———

354Cambria Financial Group0———

355Genway Home Mortgage0———

356LendingOne0———

357Credit Union of Colorado, A Federal Credit Union0———

358Luminate Home Loans0———

359Riversone Bank0———

360Liberty Home Mortgage0———

361Shelby County State Bank0———

362Simmons Bank0———

363Canvas Credit Union0———

364Bankers' Bank0———

365Oneaz Credit Union0———

366Redwood Residential Acquisition0———

367Builder Finance0———

368Bridgewater Bank0———

369T2 Financial0———

370NOVA Financial & Investment0———

371Advancial Federal Credit Union0———

372Lument Real Estate Capital0———

373North American Savings Bank0———

374Boeing Employees' Credit Union0———

375NFM0———

376Peoples Mortgage0———

377Elements Financial Federal Cre0———

378Firstbank0———

379Truity Federal Credit Union0———

380Quorum Federal Credit Union0———

381Teachers Federal Credit Union0———

382Texana Bank0———

383Alliance Bank0———

384Bison State Bank0———

385Ixonia Bank0———

386Congressional Federal Credit Union0———

387Dupaco Community Credit Union0———

388Advia Credit Union0———

389Merchants Bank of Indiana0———

390Apex Bank0———

391Servbank0———

392Washington County Bank0———

393National Bank of Commerce0———

394Emporium Tpo0———

395Enterprise Bank & Trust0———

396Fifth Third Bank0———

1-4 family dwellings: Originations whose derived dwelling category is Single Family (1-4 Units) — site-built or manufactured.

ON THIS PAGE · This page is published for search and is served from cache, so it cannot read a scope from the address bar. The pills open the South Dakota state hub, which honours the rung; the figures here stay on the full HMDA basis and the ladder below states exactly what that includes.

What “originations” counts

Every rung below is a strict subset of the one above it, for South Dakota in 2025. No single HMDA slice equals the industry origination figure, so this shows the whole ladder rather than picking one and claiming it matches.

All HMDA originations17,111$4.8B100.0%— the widest basis

1-4 family dwellings16,873$4.4B90.4%5+ unit multifamily · 238 loans · $461.1M

1-4 family, first lien13,606$4B84.0%junior and subordinate liens · 3,267 loans · $307.5M

1-4 family, first lien, closed-end(disclosure only)13,116$4B82.3%home-equity lines of credit · 490 loans · $82.1M

1-4 family, first lien, closed-end, consumer-purpose(disclosure only)12,404$3.8B79.1%business-purpose loans and reverse mortgages · 712 loans · $156.7M

Source: HMDA public loan-application data (CFPB/FFIEC), action taken = 1, activity year 2025. The two lowest rungs are shown for disclosure and are not selectable — a HELOC flag or a business-purpose flag that the filer claimed the partial exemption on arrives unreported, so those two rungs keep unreported records rather than guessing.

Counties in South Dakota

Mortgage lending by county — 32 with enough origination volume to profile, largest first

Minnehaha County 4,705 Pennington County 2,661 Lincoln County 2,011 Meade County 742 Lawrence County 678 Brookings County 519 Codington County 595 Brown County 460 Union County 350 Yankton County 343 Davison County 346 Custer County 225 Lake County 262 Hughes County 299 Butte County 235 Clay County 244 Fall River County 192 Turner County 189 Beadle County 187 Hamlin County 145 McCook County 126 Grant County 137 Hutchinson County 111 Moody County 92 Kingsbury County 88 Day County 74 Charles Mix County 61 Roberts County 84 Bon Homme County 72 Deuel County 68 Walworth County 61 Brule County 51

COUNTY PROFILES INCLUDE

Origination volume and denial rate, market concentration, the top lenders operating there, ACS housing and income context, and FEMA natural-hazard exposure.

Go deeper

South Dakota in the full MortRadar app

South Dakota market benchmarks →Interactive year-by-year volume, rates, and channel-mix charts South Dakota state hub — every dataset →HMDA lender share, FHA, Fannie/Freddie, Ginnie Mae, VA, NMLS licensing, the state housing finance agency, CFPB complaints and market context, one tab each Top Mortgage Players →Cross-metric national leaderboard: HMDA, Ginnie, FHA, market cap National market hub →U.S. origination totals, movers, and the state map

Other state markets

Largest states by 2025 volume

California$344.74B Texas$186.23B Florida$183.52B New York$116.18B North Carolina$89.58B Washington$81.03B Georgia$79.74B Virginia$77.59B

All 50 states + DC →

Attribution & methodology. South Dakota figures are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); “state share” is a lender’s share of the state’s disclosed origination volume; 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.

Fair-lending context: denial rates and demographic figures shown here are descriptive statistics derived from public HMDA and U.S. Census data. HMDA does not contain the credit, income, or underwriting variables that explain most lending outcomes, so a difference between lenders or areas is a statistical observation about published data — not evidence of, and not a determination of, discrimination or redlining by any institution.