Iowa Bankers Mortgage in South Dakota vs the state
20.5%Denial rate+7.70 pts vs state
20.5%Decision denial rate+4.72 pts vs state
79.6%Origination rate+13.51 pts vs state
6.50%Median rate0.00 pts vs state
0.02Rate spread (pts)-0.17 pts vs state
$97kMedian applicant income
35Loans originated
9Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 37 | 34 | 0.0% | 6.25% | #72 |
| 2024 | 68 | 52 | 17.7% | 6.50% | #62 |
| 2025 | 44 | 35 | 20.5% | 6.50% | #76 |
What Iowa Bankers 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 Iowa Bankers Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lincoln County | 14 | 11 | 3 | 21.4% |
| Minnehaha County | 11 | 11 | 0 | 0.0% |
| Union County | 9 | 7 | 2 | 22.2% |
| Turner County | 4 | 1 | 3 | 75.0% |
| Hutchinson County | 2 | 1 | 1 | 50.0% |
| Pennington County | 1 | 1 | 0 | 0.0% |
| Kingsbury County | 1 | 1 | 0 | 0.0% |
| Brookings County | 1 | 1 | 0 | 0.0% |
| Lake 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: 44 applications in 2025, of which 35 were originated and 9 denied.
20.5% of all applications, or 20.5% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Iowa Bankers Mortgage originated in South Dakota in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are Iowa Bankers 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