Bennett County, SD Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 30 mortgage applications in Bennett County, SD totaling $3.9 million, up 36% from 2023. The average application was for $130,000, and applicants reported an average income of $80,000. 37% of applications resulted in an originated loan and 30% were denied. The most active lender was Security First Bank, with 5 applications, followed by Black Hills Federal Credit Union and BMO Harris Bank NA.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 30 |
| Total Mortgage Loan Application Amount | $3,920,000 |
| Average Mortgage Loan Application Amount | $130,000 |
| Highest Mortgage Loan Application Amount | $375,000 |
| Average Applicant Income | $80,000 |
| Highest Applicant Income | $259,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Security First Bank 5505 RED ROCK LANE LINCOLN, NE 68516 |
* | $ n/a | 5 | $ 665,000 |
| Black Hills Federal Credit Union PO BOX 1420-225 MAIN ST RAPID CITY, SD 57702 |
* | $ n/a | 4 | $ 640,000 |
| BMO Harris Bank NA 111 W. MONROE CHICAGO, IL 60606 |
* | $ n/a | 3 | $ 335,000 |
| Granite Bank 202 2ND AVENUE SOUTH, P.O. BOX 416 COLD SPRING, MN 56320 |
* | $ n/a | 3 | $ 225,000 |
| USAA Federal Savings Bank 10750 MCDERMOTT FREEWAY SAN ANTONIO, TX 78288 |
* | $ n/a | 2 | $ 110,000 |
| Barrington Bank & Trust Company, N.A. 201 SOUTH HOUGH STREET BARRINGTON, IL 60010 |
* | $ n/a | 1 | $ 95,000 |
| Plains Commerce Bank 220 MAIN ST HOVEN, SD 57450 |
* | $ n/a | 1 | $ 155,000 |
| The Security National Bank of Sioux City, Iowa 601 PIERCE STREET SIOUX CITY, IA 51101 |
* | $ n/a | 1 | $ 145,000 |
| Wings Financial Credit Union 14985 GLAZIER AVENUE APPLE VALLEY, MN 55124 |
* | $ n/a | 1 | $ 55,000 |
| Mission Loans, LLC IRVINE, CA 92612 |
* | $ n/a | 1 | $ 215,000 |
| New American Funding, Llc. 14511 MYFORD ROAD, SUITE 100 TUSTIN, CA 92780 |
* | $ n/a | 1 | $ 125,000 |
| Sentinel Federal Credit Union 2723 LEMAY BOULEVARD ELLSWORTHAFB, SD 57706 |
* | $ n/a | 1 | $ 375,000 |
| Click N' Close, Inc. 15301 SPECTRUM DRIVE, SUITE 405 ADDISON, TX 75001 |
* | $ n/a | 1 | $ 95,000 |
| Security National Bank of Sd 325 DAKOTA DUNES BLVD DAKOTA DUNES, SD 57049 |
* | $ n/a | 1 | $ 145,000 |
| Discover Bank 12 READS WAY GREENWOOD, DE 19950 |
* | $ n/a | 1 | $ 85,000 |
| Paramount Residential Mortgage 1265 CORONA POINTE CT SUITE 301 CORONA, CA 92879 |
* | $ n/a | 1 | $ 145,000 |
The tables below break down 2024 mortgage applications in Bennett County, SD by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Bennett County, SD in 2024
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 17 | $2,245,000 | $132,000 | $335,000 | $75,000 | $259,000 |
| Cash-out Refinancing | 5 | $745,000 | $149,000 | $215,000 | $109,000 | $180,000 |
| Other Purpose | 4 | $600,000 | $150,000 | $375,000 | $58,000 | $77,000 |
| Refinancing | 3 | $305,000 | $101,000 | $195,000 | $80,000 | $102,000 |
| Home Improvement | 1 | $25,000 | $25,000 | $25,000 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 15 | $2,215,000 | $147,000 | $335,000 | $72,000 | $180,000 |
| American Indian or Alaskan Native | 10 | $960,000 | $96,000 | $195,000 | $83,000 | $259,000 |
| Not applicable | 2 | $400,000 | $200,000 | $375,000 | $0 | $0 |
| Not Provided | 2 | $220,000 | $110,000 | $125,000 | $103,000 | $143,000 |
| Hispanic | 1 | $125,000 | $125,000 | $125,000 | $106,000 | $106,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 19 | $2,315,000 | $121,000 | $375,000 | $71,000 | $180,000 |
| FHA-insured (Federal Housing Administration) | 10 | $1,270,000 | $127,000 | $215,000 | $95,000 | $259,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $335,000 | $335,000 | $335,000 | $74,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 11 | $1,225,000 | $111,000 | $325,000 | $85,000 | $259,000 |
| Application Denied By Financial Institution | 9 | $1,165,000 | $129,000 | $375,000 | $86,000 | $180,000 |
| Application Withdrawn By Applicant | 8 | $1,220,000 | $152,000 | $335,000 | $68,000 | $143,000 |
| File Closed For Incompleteness | 1 | $215,000 | $215,000 | $215,000 | $82,000 | $82,000 |
| Application Approved But Not Accepted | 1 | $95,000 | $95,000 | $95,000 | $64,000 | $64,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 21 | $2,755,000 | $131,000 | $335,000 | $77,000 | $259,000 |
| Credit Application Incomplete | 3 | $195,000 | $65,000 | $85,000 | $61,000 | $72,000 |
| Credit History | 2 | $230,000 | $115,000 | $145,000 | $81,000 | $102,000 |
| Collateral | 2 | $310,000 | $155,000 | $185,000 | $143,000 | $180,000 |
| Unverifiable Information | 1 | $55,000 | $55,000 | $55,000 | $57,000 | $57,000 |
| Debt-To-Income Ratio | 1 | $375,000 | $375,000 | $375,000 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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