Levo Federal Credit Union · South Dakota · 2025

Levo Federal Credit Union in South Dakota: approval rate, denial rate and rates (2025)

Levo Federal Credit Union took 644 mortgage applications in South Dakota in 2025, ranking #9 of 386 lenders active in the state. It originated 84.0% of them and denied 6.8% (7.5% of the applications it decided), against a statewide denial rate of 12.8%.

644Applicationsin SD
7.5%Decision denial ratestate 15.7%
7.50%Median ratestate 6.50%
$125,000Median loanstate $225,000
$97MVolume24 counties

Levo Federal Credit Union in South Dakota vs the state

6.8%Denial rate-5.92 pts vs state
7.5%Decision denial rate-8.25 pts vs state
84.0%Origination rate+17.97 pts vs state
7.50%Median rate+1.00 pts vs state
0.24Rate spread (pts)+0.06 pts vs state
$114kMedian applicant income
541Loans originated
44Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237095875.5%7.75%#6
20246295097.0%8.50%#10
20256445416.8%7.50%#9

What Levo Federal Credit Union lends in South Dakota

By loan purpose

Home purchase 158 25% · 1.9% denied
Refinance 33 5% · 12.1% denied
Cash-out refinance 384 60% · 0.5% denied
Other / HELOC 69 11% · 50.7% denied

By loan type

Conventional 588 91% · 6.8% denied
FHA 36 6% · 11.1% denied
VA 14 2% · 0.0% denied
USDA / RHS 6 1% · 0.0% denied

Why it denied South Dakota applicants

Debt-to-income ratio 30 68%
Credit history 7 16%
Other 3 7%
Insufficient cash 2 5%
Employment history 1 2%
Collateral 1 2%

Where in South Dakota

Counties with the most Levo Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Minnehaha County 41334532 7.7%
Lincoln County 1691488 4.7%
Turner County 12110 0.0%
Union County 852 25.0%
Lake County 842 25.0%
McCook County 550 0.0%
Davison County 320 0.0%
Brookings County 330 0.0%
Yankton County 330 0.0%
Day 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%
U.S. BankD 63724.0%6.99%
First Interstate BankD 61526.2%8.25%

Frequently asked questions

South Dakota: 644 applications in 2025, of which 541 were originated and 44 denied.

6.8% of all applications, or 7.5% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans Levo Federal Credit Union originated in South Dakota in 2025 was 7.50%, against a statewide median of 6.50%.

About this data. Figures are Levo Federal Credit Union'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