Rocket Mortgage in South Dakota vs the state
16.9%Denial rate+4.19 pts vs state
18.2%Decision denial rate+2.51 pts vs state
73.3%Origination rate+7.28 pts vs state
6.75%Median rate+0.25 pts vs state
0.63Rate spread (pts)+0.45 pts vs state
$92kMedian applicant income
753Loans originated
174Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 633 | 467 | 16.9% | 6.75% | #10 |
| 2024 | 777 | 602 | 14.4% | 6.63% | #5 |
| 2025 | 1,027 | 753 | 16.9% | 6.75% | #5 |
What Rocket Mortgage lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Rocket Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 199 | 156 | 27 | 13.6% |
| Pennington County | 176 | 140 | 23 | 13.1% |
| Lincoln County | 70 | 53 | 10 | 14.3% |
| Lawrence County | 53 | 35 | 6 | 11.3% |
| Meade County | 44 | 33 | 5 | 11.4% |
| Brown County | 43 | 28 | 12 | 27.9% |
| Codington County | 32 | 22 | 6 | 18.8% |
| Union County | 31 | 24 | 5 | 16.1% |
| Custer County | 26 | 17 | 7 | 26.9% |
| Yankton County | 24 | 16 | 4 | 16.7% |
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% |
| 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% |
| First Interstate Bank | D | 615 | 26.2% | 8.25% |
Frequently asked questions
South Dakota: 1,027 applications in 2025, of which 753 were originated and 174 denied.
16.9% of all applications, or 18.2% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Rocket Mortgage originated in South Dakota in 2025 was 6.75%, against a statewide median of 6.50%.
About this data. Figures are Rocket 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