CMG Mortgage · South Dakota · 2025

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

CMG Mortgage took 919 mortgage applications in South Dakota in 2025, ranking #6 of 386 lenders active in the state. It originated 75.0% of them and denied 2.3% (2.7% of the applications it decided), against a statewide denial rate of 12.8%.

919Applicationsin SD
2.7%Decision denial ratestate 15.7%
6.38%Median ratestate 6.50%
$295,000Median loanstate $225,000
$227MVolume22 counties

CMG Mortgage in South Dakota vs the state

2.3%Denial rate-10.46 pts vs state
2.7%Decision denial rate-13.01 pts vs state
75.0%Origination rate+8.93 pts vs state
6.38%Median rate-0.13 pts vs state
0.05Rate spread (pts)-0.14 pts vs state
$104kMedian applicant income
689Loans originated
21Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236515170.8%6.63%#8
20246304951.0%6.63%#9
20259196892.3%6.38%#6

What CMG Mortgage lends in South Dakota

By loan purpose

Home purchase 705 77% · 1.0% denied
Refinance 138 15% · 9.4% denied
Cash-out refinance 68 7% · 1.5% denied
Other / HELOC 8 1% · 0.0% denied

By loan type

Conventional 501 55% · 2.8% denied
FHA 170 18% · 1.8% denied
VA 183 20% · 1.1% denied
USDA / RHS 65 7% · 3.1% denied

Why it denied South Dakota applicants

Debt-to-income ratio 5 24%
Incomplete application 5 24%
Collateral 3 14%
Unverifiable information 2 10%
Other 2 10%
Credit history 1 5%
Employment history 1 5%
Insufficient cash 1 5%
Mortgage insurance denied 1 5%

Where in South Dakota

Counties with the most CMG Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pennington County 57343012 2.1%
Meade County 1391095 3.6%
Lawrence County 97792 2.1%
Butte County 35261 2.9%
Custer County 21170 0.0%
Fall River County 12110 0.0%
Minnehaha County 840 0.0%
Hughes County 440 0.0%
Lincoln County 310 0.0%
Union County 220 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%
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%
First Interstate BankD 61526.2%8.25%

Frequently asked questions

South Dakota: 919 applications in 2025, of which 689 were originated and 21 denied.

2.3% of all applications, or 2.7% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans CMG Mortgage originated in South Dakota in 2025 was 6.38%, against a statewide median of 6.50%.

About this data. Figures are CMG 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