21st Mortgage · South Dakota · 2025

21st Mortgage in South Dakota: approval rate, denial rate and rates (2025)

21st Mortgage took 214 mortgage applications in South Dakota in 2025, ranking #31 of 386 lenders active in the state. It originated 21.5% of them and denied 46.3% (67.4% of the applications it decided), against a statewide denial rate of 12.8%.

214Applicationsin SD
67.4%Decision denial ratestate 15.7%
10.12%Median ratestate 6.50%
$85,000Median loanstate $225,000
$4.6MVolume43 counties

21st Mortgage in South Dakota vs the state

46.3%Denial rate+33.51 pts vs state
67.4%Decision denial rate+51.62 pts vs state
21.5%Origination rate-44.54 pts vs state
10.12%Median rate+3.62 pts vs state
5.02Rate spread (pts)+4.84 pts vs state
$61kMedian applicant income
46Loans originated
99Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231832851.4%10.68%#33
20242516240.6%9.84%#26
20252144646.3%10.12%#31

What 21st Mortgage lends in South Dakota

By loan purpose

Home purchase 208 97% · 45.7% denied
Refinance 2 1% · 50.0% denied
Cash-out refinance 3 1% · 66.7% denied
Home improvement 1 0% · 100.0% denied

By loan type

Conventional 214 100% · 46.3% denied

Why it denied South Dakota applicants

Credit history 68 69%
Debt-to-income ratio 24 24%
Insufficient cash 4 4%
Incomplete application 2 2%
Collateral 1 1%

Where in South Dakota

Counties with the most 21st Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pennington County 38721 55.3%
Minnehaha County 34821 61.8%
Clay County 2478 33.3%
Codington County 1308 61.5%
Yankton County 1105 45.5%
Oglala Lakota County 914 44.4%
Lincoln County 915 55.6%
Moody County 512 40.0%
Meade County 521 20.0%
Brookings County 513 60.0%

Other large lenders in South Dakota

LenderGradeApplicationsDenial rateMedian rate
Plains Commerce BankB 2,2805.5%6.25%
First PREMIER BankC 1,38911.7%6.88%
First Bank & TrustC 1,32011.2%6.63%
Black Hills Federal Credit UnionD 1,22323.0%7.75%
Rocket MortgageC 1,02716.9%6.75%
CMG MortgageA 9192.3%6.38%
BankwestF 78614.0%7.25%
First Dakota National BankA 6904.6%6.50%
Levo Federal Credit UnionB 6446.8%7.50%
U.S. BankD 63724.0%6.99%

Frequently asked questions

South Dakota: 214 applications in 2025, of which 46 were originated and 99 denied.

46.3% of all applications, or 67.4% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans 21st Mortgage originated in South Dakota in 2025 was 10.12%, against a statewide median of 6.50%.

About this data. Figures are 21st Mortgage's own HMDA filing for properties located in South Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology