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Brown County, South Dakota · 2025

Mortgage lenders in Brown County, SD: denial rates and top lenders (2025)

86 lenders acted on 702 mortgage applications for properties in Brown County in 2025. 13.4% were denied (South Dakota: 12.8%). Median rate on closed loans 6.50%; median loan $185,000; median property value $265,000.

702Applications
13.4%Denial ratestate 12.8%
6.50%Median ratestate 6.50%
$185,000Median loan
$265,000Median property value

Largest lenders in Brown County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Dacotah Bank B 137115 4.4%6.50%
2 U.S. Bank D 7343 26.0%6.25%
3 Plains Commerce Bank B 6147 3.3%6.75%
4 Rocket Mortgage C 4328 27.9%6.88%
5 American Bank & Trust C 3929 10.3%6.63%
6 First Interstate Bank D 3820 21.1%7.56%
7 Cortrust Mortgage B 3528 2.9%5.81%
8 CorTrust Bank B 2419 0.0%—
9 Mortgage Research Center C 2111 9.5%6.13%
10 Freedom Mortgage B 138 0.0%6.50%
11 United Shore Financial Services B 129 16.7%6.25%
12 Bankwest F 126 50.0%6.75%
13 Guaranteed Rate B 116 9.1%6.29%
14 Coastal Community Bank C 112 0.0%11.24%
15 Pennymac Loan Services C 104 0.0%6.50%
16 Sofi Bank D 102 20.0%7.78%
17 Farm Credit Mid-America D 96 0.0%6.94%
18 AmeriSave Mortgage D 84 50.0%8.44%
19 Mutual of Omaha Mortgage C 74 0.0%6.56%
20 Loandepot.Com D 73 42.9%6.63%
21 Discover Bank F 60 100.0%—
22 Citizens Bank C 62 33.3%8.45%
23 USAA Federal Savings Bank C 51 60.0%6.50%
24 Better Mortgage F 52 20.0%8.00%
25 Newrez D 51 60.0%6.13%

Best approval odds in Brown County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Dacotah Bank1234.9%
2U.S. Bank6230.7%

What Brown County borrowers applied for

By loan purpose

Home purchase 387 55% · 6.7% denied
Refinance 100 14% · 15.0% denied
Cash-out refinance 94 13% · 23.4% denied
Home improvement 61 9% · 24.6% denied
Other / HELOC 60 9% · 26.7% denied

By loan type

Conventional 493 70% · 12.2% denied
FHA 121 17% · 20.7% denied
VA 66 9% · 12.1% denied
USDA / RHS 22 3% · 4.6% denied

Why applications were denied

Debt-to-income ratio 32 34%
Collateral 20 21%
Credit history 17 18%
Incomplete application 10 11%
Other 5 5%
Unverifiable information 4 4%
Insufficient cash 4 4%
Employment history 2 2%

Brown County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202363343312.8%6.75%$155,000
202468248613.3%6.63%$175,000
202570246013.4%6.50%$185,000

Frequently asked questions

13.4% of applications in Brown County were denied in 2025, against 12.8% statewide in South Dakota.

Dacotah Bank, with 137 applications in 2025 and a denial rate of 4.4%.

The median mortgage application in Brown County in 2025 was for $185,000; the median property value on originated loans was $265,000.