Arvest Bank · South Dakota · 2025

Arvest Bank in South Dakota: approval rate, denial rate and rates (2025)

Arvest Bank took 13 mortgage applications in South Dakota in 2025, ranking #121 of 386 lenders active in the state. It originated 46.2% of them and denied 15.4% (25.0% of the applications it decided), against a statewide denial rate of 12.8%.

13Applicationsin SD
25.0%Decision denial ratestate 15.7%
6.13%Median ratestate 6.50%
$325,000Median loanstate $225,000
$1.5MVolume6 counties

Arvest Bank in South Dakota vs the state

15.4%Denial rate+2.63 pts vs state
25.0%Decision denial rate+9.27 pts vs state
46.2%Origination rate-19.89 pts vs state
6.13%Median rate-0.38 pts vs state
0.51Rate spread (pts)+0.32 pts vs state
$118kMedian applicant income
6Loans originated
2Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023820.0%6.81%#126
202411818.2%6.88%#118
202513615.4%6.13%#121

What Arvest Bank lends in South Dakota

By loan purpose

Home purchase 2 15% · 0.0% denied
Refinance 4 31% · 50.0% denied
Cash-out refinance 7 54% · 0.0% denied

By loan type

Conventional 11 85% · 18.2% denied
FHA 2 15% · 0.0% denied

Why it denied South Dakota applicants

Debt-to-income ratio 2 100%

Where in South Dakota

Counties with the most Arvest Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Minnehaha County 612 33.3%
Lincoln County 210 0.0%
Moody County 210 0.0%
Brookings County 110 0.0%
Hutchinson County 110 0.0%
Yankton County 110 0.0%

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: 13 applications in 2025, of which 6 were originated and 2 denied.

15.4% of all applications, or 25.0% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans Arvest Bank originated in South Dakota in 2025 was 6.13%, against a statewide median of 6.50%.

About this data. Figures are Arvest Bank'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