Loandepot.Com in South Dakota vs the state
34.2%Denial rate+21.40 pts vs state
40.9%Decision denial rate+25.15 pts vs state
46.3%Origination rate-19.70 pts vs state
6.75%Median rate+0.25 pts vs state
0.68Rate spread (pts)+0.49 pts vs state
$72kMedian applicant income
76Loans originated
56Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 83 | 45 | 27.7% | 6.25% | #50 |
| 2024 | 158 | 81 | 32.3% | 6.50% | #40 |
| 2025 | 164 | 76 | 34.2% | 6.75% | #41 |
What Loandepot.Com lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Loandepot.Com applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 34 | 11 | 13 | 38.2% |
| Pennington County | 27 | 11 | 10 | 37.0% |
| Lawrence County | 13 | 7 | 3 | 23.1% |
| Lincoln County | 9 | 8 | 1 | 11.1% |
| Brookings County | 8 | 2 | 2 | 25.0% |
| Meade County | 7 | 2 | 5 | 71.4% |
| Brown County | 7 | 3 | 3 | 42.9% |
| Yankton County | 7 | 5 | 1 | 14.3% |
| Hughes County | 6 | 1 | 3 | 50.0% |
| Fall River County | 4 | 2 | 2 | 50.0% |
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: 164 applications in 2025, of which 76 were originated and 56 denied.
34.2% of all applications, or 40.9% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Loandepot.Com originated in South Dakota in 2025 was 6.75%, against a statewide median of 6.50%.
About this data. Figures are Loandepot.Com'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