Largest lenders in Hughes County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Bankwest | F | 150 | 111 | 8.0% | 6.19% |
| 2 | Black Hills Federal Credit Union | D | 39 | 19 | 30.8% | 6.75% |
| 3 | First National Bank | B | 35 | 25 | 5.7% | — |
| 4 | First Dakota National Bank | A | 32 | 24 | 9.4% | 6.43% |
| 5 | American Bank & Trust | C | 31 | 23 | 3.2% | 6.50% |
| 6 | Rocket Mortgage | C | 17 | 15 | 0.0% | 6.38% |
| 7 | Mortgage Research Center | C | 14 | 7 | 0.0% | 6.63% |
| 8 | Pennymac Loan Services | C | 11 | 7 | 9.1% | 8.99% |
| 9 | Plains Commerce Bank | B | 8 | 6 | 0.0% | 6.44% |
| 10 | Coastal Community Bank | C | 8 | 4 | 0.0% | 10.99% |
| 11 | AmeriSave Mortgage | D | 7 | 1 | 71.4% | 9.75% |
| 12 | Freedom Mortgage | B | 7 | 6 | 0.0% | 6.00% |
| 13 | Granite Bank | B | 6 | 3 | 33.3% | 6.69% |
| 14 | Broker Solutions | D | 6 | 0 | 16.7% | — |
| 15 | Loandepot.Com | D | 6 | 1 | 50.0% | 5.75% |
| 16 | Discover Bank | F | 5 | 0 | 80.0% | — |
| 17 | U.S. Bank | D | 5 | 3 | 0.0% | 8.45% |
| 18 | 21st Mortgage | F | 5 | 1 | 40.0% | 10.03% |
| 19 | Navy Federal Credit Union | D | 5 | 3 | 20.0% | 6.25% |
| 20 | Figure Lending | C | 5 | 3 | 40.0% | 7.70% |
Best approval odds in Hughes County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Bankwest | 123 | 9.8% |
What Hughes County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Hughes County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 390 | 265 | 14.6% | 6.75% | $175,000 |
| 2024 | 446 | 274 | 16.6% | 6.75% | $175,000 |
| 2025 | 469 | 299 | 12.8% | 6.50% | $195,000 |
Frequently asked questions
12.8% of applications in Hughes County were denied in 2025, against 12.8% statewide in South Dakota.
Bankwest, with 150 applications in 2025 and a denial rate of 8.0%.
The median mortgage application in Hughes County in 2025 was for $195,000; the median property value on originated loans was $295,000.