American Financing in South Dakota vs the state
31.2%Denial rate+18.40 pts vs state
45.2%Decision denial rate+29.51 pts vs state
31.2%Origination rate-34.89 pts vs state
6.25%Median rate-0.25 pts vs state
0.03Rate spread (pts)-0.15 pts vs state
$97kMedian applicant income
19Loans originated
19Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 22 | 6 | 40.9% | 6.63% | #89 |
| 2024 | 48 | 9 | 45.8% | 5.99% | #71 |
| 2025 | 61 | 19 | 31.2% | 6.25% | #64 |
What American Financing lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most American Financing applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 14 | 6 | 3 | 21.4% |
| Pennington County | 9 | 2 | 3 | 33.3% |
| Lincoln County | 6 | 0 | 4 | 66.7% |
| Lawrence County | 4 | 1 | 0 | 0.0% |
| Butte County | 4 | 3 | 0 | 0.0% |
| Clay County | 3 | 0 | 3 | 100.0% |
| Brookings County | 3 | 2 | 0 | 0.0% |
| Turner County | 2 | 1 | 0 | 0.0% |
| Hamlin County | 2 | 1 | 1 | 50.0% |
| Meade County | 2 | 1 | 0 | 0.0% |
Other large lenders in South Dakota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Plains Commerce Bank | B | 2,280 | 5.5% | 6.25% |
| First PREMIER Bank | C | 1,389 | 11.7% | 6.88% |
| First Bank & Trust | C | 1,320 | 11.2% | 6.63% |
| Black Hills Federal Credit Union | D | 1,223 | 23.0% | 7.75% |
| Rocket Mortgage | C | 1,027 | 16.9% | 6.75% |
| CMG Mortgage | A | 919 | 2.3% | 6.38% |
| Bankwest | F | 786 | 14.0% | 7.25% |
| First Dakota National Bank | A | 690 | 4.6% | 6.50% |
| Levo Federal Credit Union | B | 644 | 6.8% | 7.50% |
| U.S. Bank | D | 637 | 24.0% | 6.99% |
Frequently asked questions
South Dakota: 61 applications in 2025, of which 19 were originated and 19 denied.
31.2% of all applications, or 45.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans American Financing originated in South Dakota in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are American Financing'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