Reliabank Dakota at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
61st7.4% deniedPricingmedian rate spread over APOR, weight 30%
69th0.13 ptsProcesswithdrawn + incomplete share, weight 15%
23rd18.5%Closing coststotal loan costs ÷ loan amount, weight 10%
43rd2.09% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 268 | 219 | 3.7% | 4.4% | 6.75% | $53M |
| 2024 | 235 | 183 | 6.4% | 7.5% | 6.75% | $46M |
| 2025 | 216 | 163 | 6.0% | 7.4% | 6.75% | $54M |
What Reliabank Dakota lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 55 investment properties.
Why Reliabank Dakota denies applications
Primary reason reported for each of the 13 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Reliabank Dakota
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 59 | 45 | 8.2% |
| $100k – $150k | 48 | 30 | 6.3% |
| $150k – $250k | 33 | 25 | 3.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 22 | 13 | 27.8% |
| 25–34 | 58 | 43 | 8.5% |
| 35–44 | 39 | 25 | 7.4% |
| 45–54 | 23 | 16 | 5.9% |
| 55–64 | 20 | 16 | 5.9% |
Where Reliabank Dakota lends
5 states and 36 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| South Dakota | 183 | 145 | 3.8% | 6.75% | #36 |
| Minnesota | 20 | 9 | 30.0% | 6.63% | #390 |
| Iowa | 10 | 9 | 0.0% | 6.63% | #357 |
Frequently asked questions
Reliabank Dakota denied 7.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 61st percentile of small mortgage lenders.
The most common reason Reliabank Dakota gave in 2025 was "debt-to-income ratio", cited on 46.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Reliabank Dakota originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.13 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 72% of its applications were for home purchases, 23% for refinancing (including cash-out), and 5% for home improvement or other purposes. By loan type: 79% conventional, 15% FHA, 4% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.