Finance of America Reverse in South Dakota vs the state
8.3%Denial rate-4.42 pts vs state
11.1%Decision denial rate-4.62 pts vs state
66.7%Origination rate+0.63 pts vs state
6.25%Median rate-0.25 pts vs state
—Rate spread (pts)
$33kMedian applicant income
8Loans originated
1Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 19 | 13 | 15.8% | 7.83% | #96 |
| 2024 | 10 | 8 | 10.0% | 7.06% | #125 |
| 2025 | 12 | 8 | 8.3% | 6.25% | #125 |
What Finance of America Reverse lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Finance of America Reverse applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pennington County | 3 | 2 | 0 | 0.0% |
| Custer County | 2 | 1 | 1 | 50.0% |
| Minnehaha County | 2 | 1 | 0 | 0.0% |
| Yankton County | 2 | 1 | 0 | 0.0% |
| Turner County | 1 | 1 | 0 | 0.0% |
| Lake County | 1 | 1 | 0 | 0.0% |
| Potter County | 1 | 1 | 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: 12 applications in 2025, of which 8 were originated and 1 denied.
8.3% of all applications, or 11.1% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Finance of America Reverse originated in South Dakota in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Finance of America Reverse'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