Spring Eq in South Dakota vs the state
80.0%Denial rate+67.25 pts vs state
80.0%Decision denial rate+64.27 pts vs state
10.0%Origination rate-56.04 pts vs state
7.20%Median rate+0.70 pts vs state
1.54Rate spread (pts)+1.36 pts vs state
$92kMedian applicant income
1Loans originated
8Denied
What Spring Eq lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Spring Eq applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lawrence County | 2 | 0 | 2 | 100.0% |
| Minnehaha County | 2 | 0 | 2 | 100.0% |
| Pennington County | 1 | 0 | 1 | 100.0% |
| Union County | 1 | 1 | 0 | 0.0% |
| Bon Homme County | 1 | 0 | 0 | 0.0% |
| Codington County | 1 | 0 | 1 | 100.0% |
| Hughes County | 1 | 0 | 1 | 100.0% |
| Custer County | 1 | 0 | 1 | 100.0% |
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: 10 applications in 2025, of which 1 were originated and 8 denied.
80.0% of all applications, or 80.0% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Spring Eq originated in South Dakota in 2025 was 7.20%, against a statewide median of 6.50%.
About this data. Figures are Spring Eq'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