Largest lenders in Butte County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Black Hills Federal Credit Union | D | 39 | 22 | 25.6% | 8.00% |
| 2 | CMG Mortgage | A | 35 | 26 | 2.9% | 6.00% |
| 3 | United Shore Financial Services | B | 27 | 19 | 11.1% | 6.50% |
| 4 | Gateway First Bank | B | 26 | 20 | 0.0% | 6.00% |
| 5 | Rocket Mortgage | C | 23 | 16 | 26.1% | 6.62% |
| 6 | Pioneer Bank & Trust | C | 19 | 13 | 15.8% | — |
| 7 | First Interstate Bank | D | 17 | 11 | 29.4% | 8.25% |
| 8 | Granite Bank | B | 16 | 12 | 0.0% | 5.75% |
| 9 | Bankwest | F | 15 | 6 | 20.0% | 6.00% |
| 10 | Mortgage Research Center | C | 13 | 6 | 38.5% | 6.63% |
| 11 | Black Hills Community Bank | C | 11 | 10 | 0.0% | — |
| 12 | Pennymac Loan Services | C | 8 | 4 | 0.0% | 5.44% |
| 13 | Northern Hills Federal Credit Union | – | 8 | 5 | 0.0% | — |
| 14 | Plains Commerce Bank | B | 8 | 7 | 0.0% | 6.63% |
| 15 | Newrez | D | 7 | 1 | 28.6% | 8.00% |
| 16 | Figure Lending | C | 7 | 2 | 57.1% | 7.78% |
| 17 | New Day Financial | F | 6 | 3 | 16.7% | 6.49% |
| 18 | Kind Lending | C | 6 | 1 | 50.0% | 5.99% |
| 19 | Carrington Mortgage Services | D | 5 | 3 | 40.0% | 6.13% |
| 20 | Freedom Mortgage | B | 5 | 1 | 0.0% | 6.25% |
| 21 | Servion | B | 5 | 3 | 0.0% | 6.25% |
| 22 | Navy Federal Credit Union | D | 5 | 5 | 0.0% | 8.35% |
| 23 | First National Bank | B | 5 | 4 | 20.0% | — |
What Butte County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Butte County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 323 | 212 | 15.2% | 6.99% | $185,000 |
| 2024 | 341 | 199 | 19.1% | 6.88% | $175,000 |
| 2025 | 381 | 235 | 15.5% | 6.50% | $215,000 |
Frequently asked questions
15.5% of applications in Butte County were denied in 2025, against 12.8% statewide in South Dakota.
Black Hills Federal Credit Union, with 39 applications in 2025 and a denial rate of 25.6%.
The median mortgage application in Butte County in 2025 was for $215,000; the median property value on originated loans was $315,000.