Largest lenders in Brookings County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | First Bank & Trust | C | 296 | 214 | 9.8% | 6.63% |
| 2 | Guaranteed Rate | B | 56 | 45 | 3.6% | 6.50% |
| 3 | Plains Commerce Bank | B | 36 | 23 | 5.6% | 6.38% |
| 4 | Rocket Mortgage | C | 23 | 18 | 8.7% | 7.25% |
| 5 | Central Bank | A | 21 | 17 | 0.0% | 6.50% |
| 6 | Dacotah Bank | B | 17 | 14 | 5.9% | 6.35% |
| 7 | Mortgage Research Center | C | 16 | 9 | 12.5% | 5.99% |
| 8 | First PREMIER Bank | C | 15 | 12 | 6.7% | 6.50% |
| 9 | Cardinal Financial Company, Limited Partnership | B | 14 | 10 | 7.1% | 6.56% |
| 10 | Bankwest | F | 12 | 8 | 16.7% | 7.02% |
| 11 | Freedom Mortgage | B | 11 | 5 | 9.1% | 6.75% |
| 12 | Wells Fargo Bank | B | 10 | 7 | 0.0% | 5.75% |
| 13 | AmeriSave Mortgage | D | 10 | 3 | 50.0% | 8.75% |
| 14 | Fairway Independent Mortgage | B | 10 | 7 | 10.0% | 6.25% |
| 15 | First Interstate Bank | D | 9 | 3 | 33.3% | 8.00% |
| 16 | Loandepot.Com | D | 8 | 2 | 25.0% | 7.50% |
| 17 | Coastal Community Bank | C | 8 | 2 | 0.0% | 8.99% |
| 18 | First Dakota National Bank | A | 7 | 7 | 0.0% | 6.50% |
| 19 | American Bank & Trust | C | 6 | 4 | 16.7% | 6.63% |
| 20 | United Shore Financial Services | B | 6 | 6 | 0.0% | 6.06% |
| 21 | Navy Federal Credit Union | D | 6 | 6 | 0.0% | 6.25% |
| 22 | The First National Bank in Sioux Falls | A | 5 | 3 | 0.0% | — |
| 23 | JPMorgan Chase Bank | B | 5 | 3 | 0.0% | 5.88% |
| 24 | 21st Mortgage | F | 5 | 1 | 60.0% | 8.35% |
| 25 | Newrez | D | 5 | 3 | 0.0% | 5.99% |
Best approval odds in Brookings County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | First Bank & Trust | 243 | 11.9% |
What Brookings County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Brookings County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 610 | 442 | 11.2% | 6.75% | $175,000 |
| 2024 | 719 | 481 | 12.9% | 6.75% | $205,000 |
| 2025 | 744 | 519 | 10.5% | 6.50% | $225,000 |
Frequently asked questions
10.5% of applications in Brookings County were denied in 2025, against 12.8% statewide in South Dakota.
First Bank & Trust, with 296 applications in 2025 and a denial rate of 9.8%.
The median mortgage application in Brookings County in 2025 was for $225,000; the median property value on originated loans was $345,000.