Pennymac Loan Services in South Dakota vs the state
9.6%Denial rate-3.18 pts vs state
14.5%Decision denial rate-1.19 pts vs state
54.2%Origination rate-11.84 pts vs state
6.63%Median rate+0.13 pts vs state
0.42Rate spread (pts)+0.24 pts vs state
$105kMedian applicant income
187Loans originated
33Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 232 | 119 | 13.4% | 6.63% | #26 |
| 2024 | 294 | 148 | 14.0% | 6.25% | #21 |
| 2025 | 345 | 187 | 9.6% | 6.63% | #20 |
What Pennymac Loan Services lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pennington County | 101 | 59 | 6 | 5.9% |
| Minnehaha County | 52 | 23 | 7 | 13.5% |
| Meade County | 38 | 26 | 1 | 2.6% |
| Lincoln County | 26 | 16 | 4 | 15.4% |
| Lawrence County | 16 | 11 | 0 | 0.0% |
| Hughes County | 11 | 7 | 1 | 9.1% |
| Brown County | 10 | 4 | 0 | 0.0% |
| Union County | 9 | 5 | 1 | 11.1% |
| Codington County | 9 | 6 | 1 | 11.1% |
| Custer County | 8 | 5 | 1 | 12.5% |
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: 345 applications in 2025, of which 187 were originated and 33 denied.
9.6% of all applications, or 14.5% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Pennymac Loan Services originated in South Dakota in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Pennymac Loan Services'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