South Dakota
Mortgage Loan Application
Totals and Details
in 2012

Find mortgage statistics and mortgage data for South Dakota.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2021 in all of South Dakota.
You can organize this information by metropolitan area and by county.

Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 48,753
Total Mortgage Loan Application Amount $7,407,172,000
Average Mortgage Loan Application Amount $151,000
Highest Mortgage Loan Application Amount $67,200,000
Average Applicant Income $77,000
Highest Applicant Income $9,000,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in South Dakota, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for South Dakota in 2012

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 30,577 $4,761,961,000 $155,000 $9,937,000 $79,000 $9,000,000
Home Purchase 15,345 $2,376,671,000 $154,000 $14,905,000 $73,000 $6,026,000
Home Improvement 2,831 $268,540,000 $94,000 $67,200,000 $77,000 $3,042,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 39,300 $5,835,139,000 $148,000 $5,380,000 $87,000 $9,000,000
Not applicable 5,693 $1,081,540,000 $189,000 $67,200,000 $15,000 $9,000,000
Not Provided 2,243 $309,568,000 $138,000 $871,000 $75,000 $1,992,000
Hispanic 526 $64,664,000 $122,000 $792,000 $73,000 $3,491,000
American Indian or Alaskan Native 447 $42,647,000 $95,000 $412,000 $59,000 $747,000
Asian 250 $35,989,000 $143,000 $771,000 $98,000 $1,261,000
Black or African American 237 $31,330,000 $132,000 $417,000 $51,000 $350,000
Native Hawaiian or Other Pacific Islander 57 $6,295,000 $110,000 $503,000 $66,000 $370,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 35,571 $5,449,041,000 $153,000 $67,200,000 $91,000 $9,000,000
FHA-insured (Federal Housing Administration) 6,777 $939,804,000 $138,000 $364,000 $44,000 $490,000
VA-guaranteed (Veterans Administration) 3,926 $701,542,000 $178,000 $833,000 $40,000 $313,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,479 $316,785,000 $127,000 $821,000 $38,000 $515,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 28,651 $4,506,289,000 $157,000 $67,200,000 $88,000 $9,000,000
Loan Purchased By The Institution 8,382 $1,272,176,000 $151,000 $828,000 $37,000 $9,000,000
Application Denied By Financial Institution 5,684 $714,798,000 $125,000 $1,500,000 $70,000 $2,000,000
Application Withdrawn By Applicant 2,972 $464,083,000 $156,000 $3,450,000 $85,000 $2,626,000
Application Approved But Not Accepted 2,528 $377,190,000 $149,000 $2,702,000 $100,000 $3,491,000
File Closed For Incompleteness 536 $72,636,000 $135,000 $1,500,000 $71,000 $845,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 1,332 $122,201,000 $91,000 $655,000 $59,000 $600,000
Debt-To-Income Ratio 1,070 $139,898,000 $130,000 $783,000 $51,000 $490,000
Collateral 930 $142,426,000 $153,000 $958,000 $93,000 $1,365,000
Credit Application Incomplete 383 $52,140,000 $136,000 $750,000 $99,000 $2,000,000
Other 356 $43,513,000 $122,000 $1,500,000 $75,000 $775,000
Unverifiable Information 105 $14,795,000 $140,000 $392,000 $78,000 $297,000
Employment History 65 $7,969,000 $122,000 $355,000 $64,000 $500,000
Insufficient Cash (Downpayment, Closing Cost) 59 $9,519,000 $161,000 $1,350,000 $70,000 $535,000
Mortgage Insurance Denied 3 $337,000 $112,000 $147,000 $36,000 $75,000
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Mortgage Loan Application Totals in 2012 by South Dakota Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
RAPID CITY, SD 9,191 $ 1,447,381,000 $ 157,000 $ 73,000
SIOUX FALLS, SD 21,187 $ 3,344,291,000 $ 157,000 $ 74,000
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Mortgage Loan Application Totals in 2012 by South Dakota County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Aurora 46 $ 4,995,000 $ 108,000 $ 56,000
Beadle 267 $ 31,329,000 $ 117,000 $ 67,000
Bennett 40 $ 1,365,000 $ 34,000 $ 48,000
Bon Homme 140 $ 15,055,000 $ 107,000 $ 66,000
Brookings 1,507 $ 210,916,000 $ 139,000 $ 86,000
Brown 1,988 $ 292,453,000 $ 147,000 $ 68,000
Brule 170 $ 16,593,000 $ 97,000 $ 61,000
Buffalo 5 $ 173,000 $ 34,000 $ 134,000
Butte 427 $ 57,014,000 $ 133,000 $ 60,000
Campbell 16 $ 1,703,000 $ 106,000 $ 133,000
Charles Mix 149 $ 20,000,000 $ 134,000 $ 70,000
Clark 106 $ 12,730,000 $ 120,000 $ 54,000
Clay 531 $ 74,468,000 $ 140,000 $ 65,000
Codington 1,767 $ 249,897,000 $ 141,000 $ 69,000
Corson 18 $ 1,412,000 $ 78,000 $ 81,000
Custer 518 $ 81,528,000 $ 157,000 $ 67,000
Davison 1,037 $ 137,935,000 $ 133,000 $ 66,000
Day 216 $ 27,331,000 $ 126,000 $ 77,000
Deuel 187 $ 24,270,000 $ 129,000 $ 91,000
Dewey 44 $ 3,354,000 $ 76,000 $ 57,000
Douglas 39 $ 3,042,000 $ 78,000 $ 57,000
Edmunds 113 $ 15,861,000 $ 140,000 $ 107,000
Fall River 301 $ 35,034,000 $ 116,000 $ 60,000
Faulk 27 $ 2,570,000 $ 95,000 $ 73,000
Grant 282 $ 35,491,000 $ 125,000 $ 73,000
Gregory 59 $ 5,996,000 $ 101,000 $ 64,000
Haakon 36 $ 4,988,000 $ 138,000 $ 77,000
Hamlin 317 $ 37,703,000 $ 118,000 $ 75,000
Hand 75 $ 9,910,000 $ 132,000 $ 80,000
Hanson 161 $ 18,287,000 $ 113,000 $ 72,000
Harding 15 $ 5,369,000 $ 357,000 $ 68,000
Hughes 872 $ 124,739,000 $ 143,000 $ 77,000
Hutchinson 176 $ 17,776,000 $ 101,000 $ 67,000
Hyde 29 $ 2,503,000 $ 86,000 $ 68,000
Jackson 19 $ 1,549,000 $ 81,000 $ 77,000
Jerauld 30 $ 10,962,000 $ 365,000 $ 69,000
Jones 9 $ 607,000 $ 67,000 $ 86,000
Kingsbury 146 $ 17,028,000 $ 116,000 $ 93,000
Lake 690 $ 100,906,000 $ 146,000 $ 91,000
Lawrence 1,601 $ 280,756,000 $ 175,000 $ 88,000
Lincoln 5,604 $ 1,035,158,000 $ 184,000 $ 93,000
Lyman 50 $ 5,235,000 $ 104,000 $ 67,000
Marshall 107 $ 11,789,000 $ 110,000 $ 83,000
McCook 291 $ 39,625,000 $ 136,000 $ 81,000
McPherson 24 $ 2,240,000 $ 93,000 $ 58,000
Meade 1,739 $ 274,184,000 $ 157,000 $ 71,000
Mellette 10 $ 1,081,000 $ 108,000 $ 45,000
Miner 67 $ 6,805,000 $ 101,000 $ 77,000
Minnehaha 14,812 $ 2,213,333,000 $ 149,000 $ 67,000
Moody 315 $ 32,819,000 $ 104,000 $ 74,000
Pennington 7,453 $ 1,173,352,000 $ 157,000 $ 73,000
Perkins 58 $ 11,260,000 $ 194,000 $ 106,000
Potter 73 $ 5,225,000 $ 71,000 $ 67,000
Roberts 175 $ 21,236,000 $ 121,000 $ 77,000
Sanborn 44 $ 5,095,000 $ 115,000 $ 91,000
Shannon 48 $ 1,004,000 $ 20,000 $ 35,000
Spink 136 $ 14,280,000 $ 105,000 $ 88,000
Stanley 128 $ 22,222,000 $ 173,000 $ 93,000
Sully 75 $ 10,100,000 $ 134,000 $ 73,000
Todd 45 $ 2,127,000 $ 47,000 $ 53,000
Tripp 92 $ 9,417,000 $ 102,000 $ 98,000
Turner 480 $ 56,175,000 $ 117,000 $ 68,000
Union 1,129 $ 212,309,000 $ 188,000 $ 115,000
Walworth 143 $ 12,340,000 $ 86,000 $ 60,000
Yankton 1,026 $ 145,691,000 $ 141,000 $ 69,000
Ziebach 8 $ 508,000 $ 63,000 $ 48,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in South Dakota.

If you prefer, you can download a copy of the entire list of mortgage lenders in South Dakota and search similar information back through 2003.

Download the South Dakota Lender List