Guaranteed Rate in South Dakota vs the state
8.9%Denial rate-3.82 pts vs state
12.3%Decision denial rate-3.41 pts vs state
61.8%Origination rate-4.25 pts vs state
6.38%Median rate-0.13 pts vs state
0.12Rate spread (pts)-0.07 pts vs state
$102kMedian applicant income
173Loans originated
25Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 220 | 145 | 5.0% | 6.75% | #29 |
| 2024 | 240 | 189 | 5.0% | 6.53% | #27 |
| 2025 | 280 | 173 | 8.9% | 6.38% | #25 |
What Guaranteed Rate lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Guaranteed Rate applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 58 | 35 | 4 | 6.9% |
| Brookings County | 56 | 45 | 2 | 3.6% |
| Lincoln County | 34 | 19 | 6 | 17.6% |
| Codington County | 21 | 19 | 1 | 4.8% |
| Yankton County | 13 | 8 | 1 | 7.7% |
| Pennington County | 13 | 6 | 3 | 23.1% |
| Brown County | 11 | 6 | 1 | 9.1% |
| Union County | 7 | 5 | 1 | 14.3% |
| Grant County | 7 | 3 | 1 | 14.3% |
| Hamlin County | 6 | 2 | 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: 280 applications in 2025, of which 173 were originated and 25 denied.
8.9% of all applications, or 12.3% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Guaranteed Rate originated in South Dakota in 2025 was 6.38%, against a statewide median of 6.50%.
About this data. Figures are Guaranteed Rate'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