Lakeview Loan Servicing · South Dakota · 2025

Lakeview Loan Servicing in South Dakota: approval rate, denial rate and rates (2025)

Lakeview Loan Servicing took 155 mortgage applications in South Dakota in 2025, ranking #43 of 386 lenders active in the state. It originated 29.7% of them and denied 44.5% (50.7% of the applications it decided), against a statewide denial rate of 12.8%.

155Applicationsin SD
50.7%Decision denial ratestate 15.7%
6.25%Median ratestate 6.50%
$285,000Median loanstate $225,000
$13MVolume25 counties

Lakeview Loan Servicing in South Dakota vs the state

44.5%Denial rate+31.77 pts vs state
50.7%Decision denial rate+35.01 pts vs state
29.7%Origination rate-36.36 pts vs state
6.25%Median rate-0.25 pts vs state
0.01Rate spread (pts)-0.18 pts vs state
$96kMedian applicant income
46Loans originated
69Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023321056.3%6.81%#76
20241123839.3%6.25%#47
20251554644.5%6.25%#43

What Lakeview Loan Servicing lends in South Dakota

By loan purpose

Home purchase 4 3% · 0.0% denied
Refinance 97 63% · 43.3% denied
Cash-out refinance 25 16% · 44.0% denied
Other / HELOC 29 19% · 55.2% denied

By loan type

Conventional 55 35% · 50.9% denied
FHA 46 30% · 47.8% denied
VA 54 35% · 35.2% denied

Why it denied South Dakota applicants

Incomplete application 53 77%
Other 6 9%
Credit history 5 7%
Collateral 3 4%
Debt-to-income ratio 2 3%

Where in South Dakota

Counties with the most Lakeview Loan Servicing applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pennington County 471021 44.7%
Minnehaha County 27816 59.3%
Meade County 24911 45.8%
Lincoln County 922 22.2%
Codington County 622 33.3%
Lawrence County 512 40.0%
Fall River County 521 20.0%
Brookings County 421 25.0%
Sanborn County 311 33.3%
Turner County 311 33.3%

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: 155 applications in 2025, of which 46 were originated and 69 denied.

44.5% of all applications, or 50.7% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans Lakeview Loan Servicing originated in South Dakota in 2025 was 6.25%, against a statewide median of 6.50%.

About this data. Figures are Lakeview Loan Servicing'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