Mutual of Omaha Mortgage · South Dakota · 2025

Mutual of Omaha Mortgage in South Dakota: approval rate, denial rate and rates (2025)

Mutual of Omaha Mortgage took 90 mortgage applications in South Dakota in 2025, ranking #59 of 386 lenders active in the state. It originated 50.0% of them and denied 24.4% (31.9% of the applications it decided), against a statewide denial rate of 12.8%.

90Applicationsin SD
31.9%Decision denial ratestate 15.7%
6.49%Median ratestate 6.50%
$195,000Median loanstate $225,000
$14MVolume29 counties

Mutual of Omaha Mortgage in South Dakota vs the state

24.4%Denial rate+11.69 pts vs state
31.9%Decision denial rate+16.15 pts vs state
50.0%Origination rate-16.04 pts vs state
6.49%Median rate-0.01 pts vs state
0.32Rate spread (pts)+0.14 pts vs state
$71kMedian applicant income
45Loans originated
22Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023572833.3%6.81%#59
2024874725.3%6.75%#51
2025904524.4%6.49%#59

What Mutual of Omaha Mortgage lends in South Dakota

By loan purpose

Home purchase 12 13% · 0.0% denied
Refinance 12 13% · 16.7% denied
Cash-out refinance 46 51% · 32.6% denied
Home improvement 5 6% · 40.0% denied
Other / HELOC 15 17% · 20.0% denied

By loan type

Conventional 30 33% · 23.3% denied
FHA 48 53% · 29.2% denied
VA 12 13% · 8.3% denied

Why it denied South Dakota applicants

Credit history 13 59%
Collateral 6 27%
Debt-to-income ratio 1 5%
Unverifiable information 1 5%
Other 1 5%

Where in South Dakota

Counties with the most Mutual of Omaha Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Minnehaha County 1583 20.0%
Pennington County 15103 20.0%
Lincoln County 833 37.5%
Brown County 740 0.0%
Lawrence County 631 16.7%
Meade County 421 25.0%
Codington County 413 75.0%
Butte County 330 0.0%
Lake County 211 50.0%
Haakon County 201 50.0%

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: 90 applications in 2025, of which 45 were originated and 22 denied.

24.4% of all applications, or 31.9% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans Mutual of Omaha Mortgage originated in South Dakota in 2025 was 6.49%, against a statewide median of 6.50%.

About this data. Figures are Mutual of Omaha 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