Planet Home Lending in South Dakota vs the state
15.6%Denial rate+2.88 pts vs state
15.6%Decision denial rate-0.10 pts vs state
84.4%Origination rate+18.34 pts vs state
6.25%Median rate-0.25 pts vs state
0.19Rate spread (pts)+0.01 pts vs state
$83kMedian applicant income
27Loans originated
5Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 9 | 6 | 33.3% | 5.69% | #123 |
| 2024 | 24 | 18 | 25.0% | 6.31% | #93 |
| 2025 | 32 | 27 | 15.6% | 6.25% | #89 |
What Planet Home Lending lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Planet Home Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Grant County | 6 | 5 | 1 | 16.7% |
| Pennington County | 5 | 4 | 1 | 20.0% |
| Minnehaha County | 4 | 4 | 0 | 0.0% |
| Fall River County | 2 | 1 | 1 | 50.0% |
| Custer County | 2 | 2 | 0 | 0.0% |
| Meade County | 2 | 2 | 0 | 0.0% |
| Turner County | 2 | 2 | 0 | 0.0% |
| Brookings County | 2 | 2 | 0 | 0.0% |
| Lincoln County | 2 | 2 | 0 | 0.0% |
| Davison County | 1 | 1 | 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: 32 applications in 2025, of which 27 were originated and 5 denied.
15.6% of all applications, or 15.6% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Planet Home Lending originated in South Dakota in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Planet Home Lending'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