Northwest Bank · South Dakota · 2025

Northwest Bank in South Dakota: approval rate, denial rate and rates (2025)

Northwest Bank took 27 mortgage applications in South Dakota in 2025, ranking #95 of 386 lenders active in the state. It originated 88.9% of them and denied 0.0% (0.0% of the applications it decided), against a statewide denial rate of 12.8%.

27Applicationsin SD
0.0%Decision denial ratestate 15.7%
6.50%Median ratestate 6.50%
$255,000Median loanstate $225,000
$20MVolume7 counties

Northwest Bank in South Dakota vs the state

0.0%Denial rate-12.75 pts vs state
0.0%Decision denial rate-15.73 pts vs state
88.9%Origination rate+22.85 pts vs state
6.50%Median rate0.00 pts vs state
-0.30Rate spread (pts)-0.49 pts vs state
$104kMedian applicant income
24Loans originated
0Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
202327233.7%6.63%#83
202423180.0%6.00%#95
202527240.0%6.50%#95

What Northwest Bank lends in South Dakota

By loan purpose

Home purchase 17 63% · 0.0% denied
Refinance 4 15% · 0.0% denied
Cash-out refinance 2 7% · 0.0% denied
Home improvement 4 15% · 0.0% denied

By loan type

Conventional 26 96% · 0.0% denied
FHA 1 4% · 0.0% denied

Where in South Dakota

Counties with the most Northwest Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Union County 13120 0.0%
Minnehaha County 550 0.0%
Lincoln County 320 0.0%
Brookings County 330 0.0%
Kingsbury County 110 0.0%
Codington County 100 0.0%
Brown County 110 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%
Levo Federal Credit UnionB 6446.8%7.50%
U.S. BankD 63724.0%6.99%

Frequently asked questions

South Dakota: 27 applications in 2025, of which 24 were originated and 0 denied.

0.0% of all applications, or 0.0% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans Northwest Bank originated in South Dakota in 2025 was 6.50%, against a statewide median of 6.50%.

About this data. Figures are Northwest Bank'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