Nationstar Mortgage · South Dakota · 2025

Nationstar Mortgage in South Dakota: approval rate, denial rate and rates (2025)

Nationstar Mortgage took 131 mortgage applications in South Dakota in 2025, ranking #49 of 386 lenders active in the state. It originated 71.0% of them and denied 13.7% (16.2% of the applications it decided), against a statewide denial rate of 12.8%.

131Applicationsin SD
16.2%Decision denial ratestate 15.7%
8.25%Median ratestate 6.50%
$125,000Median loanstate $225,000
$17MVolume28 counties

Nationstar Mortgage in South Dakota vs the state

13.7%Denial rate+0.99 pts vs state
16.2%Decision denial rate+0.49 pts vs state
71.0%Origination rate+4.95 pts vs state
8.25%Median rate+1.75 pts vs state
2.58Rate spread (pts)+2.40 pts vs state
$104kMedian applicant income
93Loans originated
18Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023774019.5%6.75%#53
2024915815.4%6.99%#50
20251319313.7%8.25%#49

What Nationstar Mortgage lends in South Dakota

By loan purpose

Home purchase 20 15% · 15.0% denied
Refinance 19 15% · 5.3% denied
Cash-out refinance 29 22% · 20.7% denied
Home improvement 13 10% · 7.7% denied
Other / HELOC 50 38% · 14.0% denied

By loan type

Conventional 105 80% · 13.3% denied
FHA 14 11% · 14.3% denied
VA 12 9% · 16.7% denied

Why it denied South Dakota applicants

Collateral 8 44%
Debt-to-income ratio 3 17%
Credit history 3 17%
Other 2 11%
Incomplete application 1 6%
Insufficient cash 1 6%

Where in South Dakota

Counties with the most Nationstar Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pennington County 32235 15.6%
Minnehaha County 25184 16.0%
Lincoln County 15104 26.7%
Meade County 760 0.0%
Lawrence County 740 0.0%
Clay County 650 0.0%
Davison County 540 0.0%
Codington County 430 0.0%
Brown County 321 33.3%
Fall River County 321 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: 131 applications in 2025, of which 93 were originated and 18 denied.

13.7% of all applications, or 16.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans Nationstar Mortgage originated in South Dakota in 2025 was 8.25%, against a statewide median of 6.50%.

About this data. Figures are Nationstar 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