AmeriSave Mortgage · South Dakota · 2025

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

AmeriSave Mortgage took 239 mortgage applications in South Dakota in 2025, ranking #27 of 386 lenders active in the state. It originated 25.9% of them and denied 60.7% (70.1% of the applications it decided), against a statewide denial rate of 12.8%.

239Applicationsin SD
70.1%Decision denial ratestate 15.7%
8.31%Median ratestate 6.50%
$105,000Median loanstate $225,000
$7.8MVolume44 counties

AmeriSave Mortgage in South Dakota vs the state

60.7%Denial rate+47.92 pts vs state
70.1%Decision denial rate+54.32 pts vs state
25.9%Origination rate-40.10 pts vs state
8.31%Median rate+1.81 pts vs state
2.44Rate spread (pts)+2.26 pts vs state
$73kMedian applicant income
62Loans originated
145Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231743125.3%6.25%#34
20242513372.1%9.25%#25
20252396260.7%8.31%#27

What AmeriSave Mortgage lends in South Dakota

By loan purpose

Home purchase 6 3% · 33.3% denied
Refinance 4 2% · 50.0% denied
Cash-out refinance 229 96% · 61.6% denied

By loan type

Conventional 133 56% · 56.4% denied
FHA 84 35% · 64.3% denied
VA 22 9% · 72.7% denied

Why it denied South Dakota applicants

Incomplete application 79 54%
Collateral 20 14%
Debt-to-income ratio 14 10%
Credit history 14 10%
Unverifiable information 14 10%
Insufficient cash 4 3%

Where in South Dakota

Counties with the most AmeriSave Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pennington County 38921 55.3%
Minnehaha County 34524 70.6%
Meade County 1677 43.8%
Lincoln County 1457 50.0%
Fall River County 13210 76.9%
Brookings County 1035 50.0%
Davison County 935 55.6%
Brown County 844 50.0%
Codington County 725 71.4%
Hughes County 715 71.4%

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: 239 applications in 2025, of which 62 were originated and 145 denied.

60.7% of all applications, or 70.1% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans AmeriSave Mortgage originated in South Dakota in 2025 was 8.31%, against a statewide median of 6.50%.

About this data. Figures are AmeriSave 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