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Lawrence County, South Dakota · 2025

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

127 lenders acted on 1,086 mortgage applications for properties in Lawrence County in 2025. 12.9% were denied (South Dakota: 12.8%). Median rate on closed loans 6.75%; median loan $255,000; median property value $455,000.

1.1kApplications
12.9%Denial ratestate 12.8%
6.75%Median ratestate 6.50%
$255,000Median loan
$455,000Median property value

Largest lenders in Lawrence County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Black Hills Federal Credit Union D 12182 19.0%7.75%
2 First Interstate Bank D 10668 22.6%8.25%
3 CMG Mortgage A 9779 2.1%6.50%
4 Pioneer Bank & Trust C 7251 6.9%—
5 Rocket Mortgage C 5335 11.3%6.75%
6 United Shore Financial Services B 4937 8.2%6.38%
7 Black Hills Community Bank C 4428 6.8%—
8 Bankwest F 3921 7.7%7.25%
9 Gateway First Bank B 3224 3.1%6.25%
10 Granite Bank B 2717 7.4%6.56%
11 Mortgage Research Center C 2011 20.0%6.25%
12 American Neighborhood Mortgage Acceptance Company B 1815 0.0%6.38%
13 Freedom Mortgage B 175 11.8%5.99%
14 Plains Commerce Bank B 1712 5.9%6.38%
15 Newrez D 179 17.7%6.50%
16 Pennymac Loan Services C 1611 0.0%6.38%
17 Navy Federal Credit Union D 157 33.3%8.20%
18 Loandepot.Com D 137 23.1%7.13%
19 Wells Fargo Bank B 125 25.0%6.25%
20 U.S. Bank D 1211 0.0%6.49%
21 First National Bank B 125 8.3%—
22 Broker Solutions D 114 9.1%6.25%
23 Coastal Community Bank C 100 0.0%—
24 Security First Bank A 97 11.1%7.00%
25 USAA Federal Savings Bank C 82 50.0%6.31%

Best approval odds in Lawrence County

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

#LenderDecidedDecision denial rate
1CMG Mortgage862.3%
2Pioneer Bank & Trust588.6%
3Black Hills Federal Credit Union10821.3%
4First Interstate Bank9425.5%

What Lawrence County borrowers applied for

By loan purpose

Home purchase 509 47% · 5.9% denied
Refinance 187 17% · 13.4% denied
Cash-out refinance 186 17% · 20.4% denied
Home improvement 98 9% · 21.4% denied
Other / HELOC 106 10% · 24.5% denied

By loan type

Conventional 884 81% · 12.6% denied
FHA 106 10% · 14.2% denied
VA 89 8% · 14.6% denied
USDA / RHS 7 1% · 14.3% denied

Why applications were denied

Debt-to-income ratio 53 40%
Credit history 29 22%
Collateral 24 18%
Incomplete application 13 10%
Other 8 6%
Unverifiable information 4 3%
Employment history 2 1%
Insufficient cash 1 1%

Lawrence County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202386157111.9%7.03%$235,000
202492858714.6%7.13%$225,000
20251,08667812.9%6.75%$255,000

Frequently asked questions

12.9% of applications in Lawrence County were denied in 2025, against 12.8% statewide in South Dakota.

Black Hills Federal Credit Union, with 121 applications in 2025 and a denial rate of 19.0%.

The median mortgage application in Lawrence County in 2025 was for $255,000; the median property value on originated loans was $455,000.