Newrez in South Dakota vs the state
19.3%Denial rate+6.56 pts vs state
30.7%Decision denial rate+15.00 pts vs state
42.7%Origination rate-23.39 pts vs state
6.25%Median rate-0.25 pts vs state
-0.02Rate spread (pts)-0.21 pts vs state
$106kMedian applicant income
148Loans originated
67Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 114 | 36 | 27.2% | 6.44% | #41 |
| 2024 | 201 | 81 | 18.4% | 6.25% | #33 |
| 2025 | 347 | 148 | 19.3% | 6.25% | #19 |
What Newrez lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 100 | 44 | 19 | 19.0% |
| Pennington County | 75 | 37 | 12 | 16.0% |
| Lincoln County | 33 | 18 | 7 | 21.2% |
| Meade County | 24 | 6 | 3 | 12.5% |
| Lawrence County | 17 | 9 | 3 | 17.6% |
| Codington County | 10 | 1 | 4 | 40.0% |
| Beadle County | 9 | 3 | 0 | 0.0% |
| Union County | 8 | 2 | 3 | 37.5% |
| Butte County | 7 | 1 | 2 | 28.6% |
| Davison County | 5 | 3 | 0 | 0.0% |
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: 347 applications in 2025, of which 148 were originated and 67 denied.
19.3% of all applications, or 30.7% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Newrez originated in South Dakota in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Newrez'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