Fairway Independent Mortgage in South Dakota vs the state
2.2%Denial rate-10.51 pts vs state
2.8%Decision denial rate-12.89 pts vs state
76.5%Origination rate+10.49 pts vs state
6.25%Median rate-0.25 pts vs state
0.23Rate spread (pts)+0.04 pts vs state
$94kMedian applicant income
375Loans originated
11Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 359 | 303 | 3.3% | 6.88% | #16 |
| 2024 | 396 | 321 | 4.0% | 6.50% | #18 |
| 2025 | 490 | 375 | 2.2% | 6.25% | #17 |
What Fairway Independent 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 Fairway Independent Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 237 | 173 | 5 | 2.1% |
| Lincoln County | 92 | 74 | 3 | 3.3% |
| Codington County | 46 | 38 | 2 | 4.3% |
| Hamlin County | 24 | 19 | 0 | 0.0% |
| Brookings County | 10 | 7 | 1 | 10.0% |
| Clark County | 8 | 7 | 0 | 0.0% |
| Yankton County | 8 | 7 | 0 | 0.0% |
| Pennington County | 8 | 7 | 0 | 0.0% |
| Turner County | 5 | 5 | 0 | 0.0% |
| Union County | 5 | 3 | 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: 490 applications in 2025, of which 375 were originated and 11 denied.
2.2% of all applications, or 2.8% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Fairway Independent Mortgage originated in South Dakota in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Fairway Independent 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