Better Mortgage in South Dakota vs the state
17.0%Denial rate+4.20 pts vs state
35.7%Decision denial rate+19.98 pts vs state
30.5%Origination rate-35.53 pts vs state
7.69%Median rate+1.19 pts vs state
1.03Rate spread (pts)+0.85 pts vs state
$120kMedian applicant income
18Loans originated
10Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 12 | 5 | 0.0% | 5.63% | #113 |
| 2024 | 15 | 6 | 13.3% | 6.13% | #109 |
| 2025 | 59 | 18 | 17.0% | 7.69% | #67 |
What Better Mortgage lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Better Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 17 | 5 | 3 | 17.6% |
| Pennington County | 9 | 4 | 1 | 11.1% |
| Lawrence County | 7 | 1 | 2 | 28.6% |
| Lincoln County | 7 | 1 | 1 | 14.3% |
| Brown County | 5 | 2 | 1 | 20.0% |
| Codington County | 3 | 1 | 1 | 33.3% |
| Fall River County | 3 | 1 | 0 | 0.0% |
| Yankton County | 2 | 1 | 0 | 0.0% |
| Butte County | 2 | 0 | 0 | 0.0% |
| Mellette County | 1 | 0 | 1 | 100.0% |
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: 59 applications in 2025, of which 18 were originated and 10 denied.
17.0% of all applications, or 35.7% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Better Mortgage originated in South Dakota in 2025 was 7.69%, against a statewide median of 6.50%.
About this data. Figures are Better 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