Figure Lending in South Dakota vs the state
34.9%Denial rate+22.18 pts vs state
35.7%Decision denial rate+19.93 pts vs state
40.4%Origination rate-25.63 pts vs state
7.85%Median rate+1.35 pts vs state
1.72Rate spread (pts)+1.54 pts vs state
$92kMedian applicant income
59Loans originated
51Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 87 | 35 | 34.5% | 10.80% | #46 |
| 2024 | 70 | 25 | 37.1% | 10.00% | #60 |
| 2025 | 146 | 59 | 34.9% | 7.85% | #44 |
What Figure Lending lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 28 | 12 | 8 | 28.6% |
| Pennington County | 19 | 8 | 8 | 42.1% |
| Lincoln County | 15 | 6 | 3 | 20.0% |
| Codington County | 8 | 3 | 2 | 25.0% |
| Butte County | 7 | 2 | 4 | 57.1% |
| Lake County | 6 | 1 | 4 | 66.7% |
| Hughes County | 5 | 3 | 2 | 40.0% |
| Union County | 4 | 2 | 0 | 0.0% |
| Brookings County | 4 | 3 | 0 | 0.0% |
| Bon Homme County | 4 | 0 | 2 | 50.0% |
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: 146 applications in 2025, of which 59 were originated and 51 denied.
34.9% 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 Figure Lending originated in South Dakota in 2025 was 7.85%, against a statewide median of 6.50%.
About this data. Figures are Figure Lending'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