Largest lenders in Codington County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | First Bank & Trust | C | 108 | 92 | 6.5% | 6.38% |
| 2 | First PREMIER Bank | C | 105 | 87 | 4.8% | 7.19% |
| 3 | American Bank & Trust | C | 95 | 82 | 6.3% | 6.83% |
| 4 | Plains Commerce Bank | B | 50 | 31 | 8.0% | 6.75% |
| 5 | Dacotah Bank | B | 47 | 45 | 4.3% | 6.63% |
| 6 | Fairway Independent Mortgage | B | 46 | 38 | 4.4% | 6.31% |
| 7 | First Interstate Bank | D | 44 | 30 | 22.7% | 8.00% |
| 8 | Rocket Mortgage | C | 32 | 22 | 18.8% | 6.81% |
| 9 | Reliabank Dakota | B | 24 | 19 | 0.0% | 6.55% |
| 10 | Guaranteed Rate | B | 21 | 19 | 4.8% | 6.25% |
| 11 | CU Mortgage Direct | B | 20 | 11 | 5.0% | 6.38% |
| 12 | Mortgage Research Center | C | 18 | 8 | 16.7% | 6.06% |
| 13 | 21st Mortgage | F | 13 | 0 | 61.5% | — |
| 14 | Wells Fargo Bank | B | 12 | 10 | 0.0% | 6.63% |
| 15 | Newrez | D | 10 | 1 | 40.0% | 6.13% |
| 16 | Farm Credit Mid-America | D | 10 | 10 | 0.0% | 6.94% |
| 17 | Pennymac Loan Services | C | 9 | 6 | 11.1% | 8.25% |
| 18 | New Day Financial | F | 8 | 0 | 37.5% | — |
| 19 | Figure Lending | C | 8 | 3 | 25.0% | 7.70% |
| 20 | AmeriSave Mortgage | D | 7 | 2 | 71.4% | 8.06% |
| 21 | Freedom Mortgage | B | 7 | 2 | 14.3% | 5.25% |
| 22 | Bankwest | F | 7 | 7 | 0.0% | 8.63% |
| 23 | First International Bank & Trust | B | 7 | 6 | 14.3% | 6.75% |
| 24 | Lakeview Loan Servicing | C | 6 | 2 | 33.3% | 9.88% |
| 25 | Coastal Community Bank | C | 6 | 1 | 0.0% | 6.99% |
Best approval odds in Codington County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | First PREMIER Bank | 92 | 5.4% |
| 2 | American Bank & Trust | 88 | 6.8% |
| 3 | First Bank & Trust | 99 | 7.1% |
What Codington County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Codington County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 637 | 457 | 11.6% | 6.88% | $165,000 |
| 2024 | 757 | 520 | 14.8% | 6.75% | $175,000 |
| 2025 | 839 | 595 | 11.6% | 6.69% | $185,000 |
Frequently asked questions
11.6% of applications in Codington County were denied in 2025, against 12.8% statewide in South Dakota.
First Bank & Trust, with 108 applications in 2025 and a denial rate of 6.5%.
The median mortgage application in Codington County in 2025 was for $185,000; the median property value on originated loans was $325,000.