Plaza Home Mortgage · South Dakota · 2025

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

Plaza Home Mortgage took 17 mortgage applications in South Dakota in 2025, ranking #112 of 386 lenders active in the state. It originated 64.7% of them and denied 17.7% (21.4% of the applications it decided), against a statewide denial rate of 12.8%.

17Applicationsin SD
21.4%Decision denial ratestate 15.7%
6.50%Median ratestate 6.50%
$265,000Median loanstate $225,000
$3.9MVolume6 counties

Plaza Home Mortgage in South Dakota vs the state

17.7%Denial rate+4.90 pts vs state
21.4%Decision denial rate+5.70 pts vs state
64.7%Origination rate-1.33 pts vs state
6.50%Median rate0.00 pts vs state
0.39Rate spread (pts)+0.21 pts vs state
$118kMedian applicant income
11Loans originated
3Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023630.0%6.75%#147
20247528.6%7.19%#143
2025171117.7%6.50%#112

What Plaza Home Mortgage lends in South Dakota

By loan purpose

Home purchase 10 59% · 20.0% denied
Refinance 2 12% · 0.0% denied
Cash-out refinance 5 29% · 20.0% denied

By loan type

Conventional 10 59% · 10.0% denied
FHA 4 24% · 50.0% denied
VA 3 18% · 0.0% denied

Why it denied South Dakota applicants

Debt-to-income ratio 1 33%
Insufficient cash 1 33%
Other 1 33%

Where in South Dakota

Counties with the most Plaza Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pennington County 1172 18.2%
Meade County 220 0.0%
Custer County 110 0.0%
Fall River County 110 0.0%
Roberts County 101 100.0%
Beadle County 100 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: 17 applications in 2025, of which 11 were originated and 3 denied.

17.7% of all applications, or 21.4% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

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

About this data. Figures are Plaza Home 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