Freedom Mortgage in South Dakota vs the state
7.6%Denial rate-5.17 pts vs state
11.8%Decision denial rate-3.91 pts vs state
47.2%Origination rate-18.81 pts vs state
6.00%Median rate-0.50 pts vs state
-0.25Rate spread (pts)-0.43 pts vs state
$90kMedian applicant income
162Loans originated
26Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 74 | 26 | 10.8% | 6.75% | #54 |
| 2024 | 202 | 108 | 7.9% | 6.25% | #32 |
| 2025 | 343 | 162 | 7.6% | 6.00% | #21 |
What Freedom 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 Freedom Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pennington County | 98 | 48 | 3 | 3.1% |
| Minnehaha County | 68 | 31 | 6 | 8.8% |
| Lincoln County | 34 | 20 | 1 | 2.9% |
| Meade County | 21 | 12 | 4 | 19.0% |
| Lawrence County | 17 | 5 | 2 | 11.8% |
| Brown County | 13 | 8 | 0 | 0.0% |
| Yankton County | 12 | 3 | 2 | 16.7% |
| Brookings County | 11 | 5 | 1 | 9.1% |
| Hughes County | 7 | 6 | 0 | 0.0% |
| Codington County | 7 | 2 | 1 | 14.3% |
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: 343 applications in 2025, of which 162 were originated and 26 denied.
7.6% of all applications, or 11.8% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Freedom Mortgage originated in South Dakota in 2025 was 6.00%, against a statewide median of 6.50%.
About this data. Figures are Freedom 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