Largest lenders in Lincoln County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Plains Commerce Bank | B | 396 | 288 | 2.0% | 6.25% |
| 2 | First PREMIER Bank | C | 251 | 183 | 6.0% | 6.75% |
| 3 | First Bank & Trust | C | 191 | 143 | 11.0% | 6.63% |
| 4 | First International Bank & Trust | B | 177 | 148 | 5.1% | 6.50% |
| 5 | Levo Federal Credit Union | B | 169 | 148 | 4.7% | 7.25% |
| 6 | Central Bank | A | 99 | 77 | 6.1% | 6.50% |
| 7 | First Dakota National Bank | A | 98 | 84 | 2.0% | 6.50% |
| 8 | Fairway Independent Mortgage | B | 92 | 74 | 3.3% | 6.25% |
| 9 | U.S. Bank | D | 82 | 54 | 24.4% | 8.45% |
| 10 | Rocket Mortgage | C | 70 | 53 | 14.3% | 6.49% |
| 11 | American Bank & Trust | C | 63 | 51 | 6.4% | 6.50% |
| 12 | Mortgage Research Center | C | 43 | 20 | 14.0% | 6.25% |
| 13 | CU Mortgage Direct | B | 39 | 28 | 10.3% | 6.31% |
| 14 | Cortrust Mortgage | B | 38 | 27 | 5.3% | 6.38% |
| 15 | Service First Federal Credit Union | B | 37 | 27 | 2.7% | — |
| 16 | United Shore Financial Services | B | 37 | 25 | 18.9% | 6.30% |
| 17 | Guaranteed Rate | B | 34 | 19 | 17.7% | 6.50% |
| 18 | Freedom Mortgage | B | 34 | 20 | 2.9% | 6.19% |
| 19 | Reliabank Dakota | B | 34 | 23 | 5.9% | 6.75% |
| 20 | CorTrust Bank | B | 34 | 30 | 5.9% | — |
| 21 | The First National Bank in Sioux Falls | A | 33 | 28 | 6.1% | — |
| 22 | Crosscountry Mortgage | B | 33 | 23 | 3.0% | 6.75% |
| 23 | Black Hills Federal Credit Union | D | 33 | 25 | 18.2% | 8.00% |
| 24 | Newrez | D | 33 | 18 | 21.2% | 6.19% |
| 25 | Pennymac Loan Services | C | 26 | 16 | 15.4% | 6.87% |
Best approval odds in Lincoln County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | First Dakota National Bank | 86 | 2.3% |
| 2 | Plains Commerce Bank | 296 | 2.7% |
| 3 | Fairway Independent Mortgage | 77 | 3.9% |
| 4 | Levo Federal Credit Union | 156 | 5.1% |
| 5 | First International Bank & Trust | 157 | 5.7% |
| 6 | Central Bank | 83 | 7.2% |
| 7 | American Bank & Trust | 55 | 7.3% |
| 8 | First PREMIER Bank | 203 | 7.4% |
| 9 | First Bank & Trust | 164 | 12.8% |
| 10 | Rocket Mortgage | 65 | 15.4% |
What Lincoln County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Lincoln County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 2,539 | 1,778 | 11.3% | 6.85% | $215,000 |
| 2024 | 2,730 | 1,889 | 11.7% | 6.75% | $235,000 |
| 2025 | 2,796 | 2,011 | 9.0% | 6.50% | $265,000 |
Frequently asked questions
9.0% of applications in Lincoln County were denied in 2025, against 12.8% statewide in South Dakota.
Plains Commerce Bank, with 396 applications in 2025 and a denial rate of 2.0%.
The median mortgage application in Lincoln County in 2025 was for $265,000; the median property value on originated loans was $385,000.