JPMorgan Chase Bank · South Dakota · 2025

JPMorgan Chase Bank in South Dakota: approval rate, denial rate and rates (2025)

JPMorgan Chase Bank took 69 mortgage applications in South Dakota in 2025, ranking #62 of 386 lenders active in the state. It originated 53.6% of them and denied 21.7% (28.9% of the applications it decided), against a statewide denial rate of 12.8%.

69Applicationsin SD
28.9%Decision denial ratestate 15.7%
6.13%Median ratestate 6.50%
$235,000Median loanstate $225,000
$13MVolume21 counties

JPMorgan Chase Bank in South Dakota vs the state

21.7%Denial rate+8.99 pts vs state
28.9%Decision denial rate+13.12 pts vs state
53.6%Origination rate-12.42 pts vs state
6.13%Median rate-0.38 pts vs state
0.06Rate spread (pts)-0.12 pts vs state
$93kMedian applicant income
37Loans originated
15Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202348298.3%6.49%#61
2024503014.0%6.19%#68
2025693721.7%6.13%#62

What JPMorgan Chase Bank lends in South Dakota

By loan purpose

Home purchase 41 59% · 24.4% denied
Refinance 11 16% · 9.1% denied
Cash-out refinance 11 16% · 36.4% denied
Home improvement 1 1% · 0.0% denied
Other / HELOC 5 7% · 0.0% denied

By loan type

Conventional 65 94% · 21.5% denied
FHA 4 6% · 25.0% denied

Why it denied South Dakota applicants

Debt-to-income ratio 7 47%
Insufficient cash 3 20%
Collateral 2 13%
Credit history 1 7%
Employment history 1 7%
Other 1 7%

Where in South Dakota

Counties with the most JPMorgan Chase Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lincoln County 1674 25.0%
Minnehaha County 15103 20.0%
Pennington County 531 20.0%
Brookings County 530 0.0%
Lawrence County 420 0.0%
Davison County 311 33.3%
Day County 211 50.0%
McCook County 202 100.0%
Lake County 220 0.0%
Brown County 210 0.0%

Other large lenders in South Dakota

LenderGradeApplicationsDenial rateMedian rate
Plains Commerce BankB 2,2805.5%6.25%
First PREMIER BankC 1,38911.7%6.88%
First Bank & TrustC 1,32011.2%6.63%
Black Hills Federal Credit UnionD 1,22323.0%7.75%
Rocket MortgageC 1,02716.9%6.75%
CMG MortgageA 9192.3%6.38%
BankwestF 78614.0%7.25%
First Dakota National BankA 6904.6%6.50%
Levo Federal Credit UnionB 6446.8%7.50%
U.S. BankD 63724.0%6.99%

Frequently asked questions

South Dakota: 69 applications in 2025, of which 37 were originated and 15 denied.

21.7% of all applications, or 28.9% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans JPMorgan Chase Bank originated in South Dakota in 2025 was 6.13%, against a statewide median of 6.50%.

About this data. Figures are JPMorgan Chase Bank'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