Reliabank Dakota · South Dakota · 2025

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

Reliabank Dakota took 183 mortgage applications in South Dakota in 2025, ranking #36 of 386 lenders active in the state. It originated 79.2% of them and denied 3.8% (4.6% of the applications it decided), against a statewide denial rate of 12.8%.

183Applicationsin SD
4.6%Decision denial ratestate 15.7%
6.75%Median ratestate 6.50%
$275,000Median loanstate $225,000
$50MVolume21 counties

Reliabank Dakota in South Dakota vs the state

3.8%Denial rate-8.92 pts vs state
4.6%Decision denial rate-11.12 pts vs state
79.2%Origination rate+13.19 pts vs state
6.75%Median rate+0.25 pts vs state
0.13Rate spread (pts)-0.06 pts vs state
$111kMedian applicant income
145Loans originated
7Denied

Trend in South Dakota

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232281923.5%6.77%#27
20242061664.9%6.88%#31
20251831453.8%6.75%#36

What Reliabank Dakota lends in South Dakota

By loan purpose

Home purchase 128 70% · 5.5% denied
Refinance 42 23% · 0.0% denied
Cash-out refinance 4 2% · 0.0% denied
Home improvement 3 2% · 0.0% denied
Other / HELOC 6 3% · 0.0% denied

By loan type

Conventional 146 80% · 2.1% denied
FHA 27 15% · 11.1% denied
VA 8 4% · 0.0% denied
USDA / RHS 2 1% · 50.0% denied

Why it denied South Dakota applicants

Debt-to-income ratio 4 57%
Collateral 1 14%
Insufficient cash 1 14%
Credit history 1 14%

Where in South Dakota

Counties with the most Reliabank Dakota applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Minnehaha County 79672 2.5%
Lincoln County 34232 5.9%
Codington County 24190 0.0%
Hutchinson County 1290 0.0%
Turner County 862 25.0%
Hamlin County 660 0.0%
McCook County 430 0.0%
Brookings County 220 0.0%
Lake County 220 0.0%
Grant 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: 183 applications in 2025, of which 145 were originated and 7 denied.

3.8% of all applications, or 4.6% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.

The median rate on loans Reliabank Dakota originated in South Dakota in 2025 was 6.75%, against a statewide median of 6.50%.

About this data. Figures are Reliabank Dakota'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