Codington County, SD Mortgage Lenders & HMDA Data, 2017
In 2017, lenders reported 1,085 mortgage applications in Codington County, SD totaling $181.9 million, down 15% from 2016. The average application was for $167,000, and applicants reported an average income of $69,000. 59% of applications resulted in an originated loan and 10% were denied. The most active lender was Great Western Bank, with 149 applications, followed by Plains Commerce Bank and Franklin American Mortgage Company.
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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 | 1,085 |
| Total Mortgage Loan Application Amount | $181,893,000 |
| Average Mortgage Loan Application Amount | $167,000 |
| Highest Mortgage Loan Application Amount | $3,375,000 |
| Average Applicant Income | $69,000 |
| Highest Applicant Income | $3,474,000 |
Top Mortgage Lenders in Codington County, SD (2017)
Ranked by the number of mortgage applications each lender reported in Codington County, SD in 2017.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Great Western Bank Sioux Falls, SD |
149 | $23,160,000 | $155,000 | $78,000 |
| 2 | Plains Commerce Bank Hoven, SD |
141 | $21,094,000 | $149,000 | $66,000 |
| 3 | Franklin American Mortgage Company Franklin, TN |
86 | $15,792,000 | $183,000 | $0 |
| 4 | First Bank & Trust Sioux Falls, SD |
71 | $16,596,000 | $233,000 | $76,000 |
| 5 | Dacotah Bank Aberdeen, SD |
64 | $10,568,000 | $165,000 | $80,000 |
| 6 | First Premier Bank Sioux Falls, SD |
61 | $8,429,000 | $138,000 | $104,000 |
| 7 | CU Mortgage Direct, LLC Sioux Falls, SD |
51 | $7,765,000 | $152,000 | $60,000 |
| 8 | Fairway Independent Mort Corp Madison, WI |
50 | $7,661,000 | $153,000 | $60,000 |
| 9 | Wells Fargo Bank NA Minneapolis, MN |
50 | $7,296,000 | $145,000 | $62,000 |
| 10 | Reliabank Dakota Estelline, SD |
47 | $7,452,000 | $158,000 | $64,000 |
The tables below break down 2017 mortgage applications in Codington 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 Codington County, SD in 2017
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 | 631 | $112,092,000 | $177,000 | $3,375,000 | $55,000 | $711,000 |
| Refinancing | 374 | $62,187,000 | $166,000 | $2,321,000 | $91,000 | $3,474,000 |
| Home Improvement | 80 | $7,614,000 | $95,000 | $469,000 | $68,000 | $406,000 |
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 | 832 | $131,937,000 | $158,000 | $2,321,000 | $82,000 | $3,474,000 |
| Not applicable | 197 | $41,086,000 | $208,000 | $3,375,000 | $8,000 | $248,000 |
| Not Provided | 37 | $6,548,000 | $176,000 | $470,000 | $109,000 | $1,082,000 |
| Hispanic | 8 | $899,000 | $112,000 | $163,000 | $42,000 | $77,000 |
| American Indian or Alaskan Native | 6 | $619,000 | $103,000 | $268,000 | $69,000 | $145,000 |
| Black or African American | 3 | $430,000 | $143,000 | $176,000 | $55,000 | $73,000 |
| Asian | 2 | $374,000 | $187,000 | $234,000 | $53,000 | $57,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 712 | $121,588,000 | $170,000 | $3,375,000 | $82,000 | $3,474,000 |
| FHA-insured (Federal Housing Administration) | 169 | $25,810,000 | $152,000 | $276,000 | $43,000 | $221,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 118 | $17,611,000 | $149,000 | $257,000 | $36,000 | $92,000 |
| VA-guaranteed (Veterans Administration) | 86 | $16,884,000 | $196,000 | $425,000 | $51,000 | $153,000 |
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 | 640 | $109,285,000 | $170,000 | $3,375,000 | $84,000 | $3,474,000 |
| Loan Purchased By The Institution | 194 | $36,780,000 | $189,000 | $499,000 | $18,000 | $290,000 |
| Application Denied By Financial Institution | 113 | $14,801,000 | $130,000 | $470,000 | $62,000 | $549,000 |
| Application Approved But Not Accepted | 65 | $10,064,000 | $154,000 | $417,000 | $84,000 | $378,000 |
| Application Withdrawn By Applicant | 53 | $8,931,000 | $168,000 | $425,000 | $68,000 | $252,000 |
| File Closed For Incompleteness | 20 | $2,032,000 | $101,000 | $239,000 | $51,000 | $153,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 9 | $1,100,000 | $122,000 | $305,000 | $38,000 | $92,000 |
| Collateral | 8 | $1,439,000 | $179,000 | $469,000 | $81,000 | $189,000 |
| Credit Application Incomplete | 7 | $1,395,000 | $199,000 | $470,000 | $114,000 | $199,000 |
| Credit History | 7 | $914,000 | $130,000 | $220,000 | $51,000 | $120,000 |
| Other | 2 | $144,000 | $72,000 | $104,000 | $53,000 | $57,000 |
| Unverifiable Information | 1 | $65,000 | $65,000 | $65,000 | $57,000 | $57,000 |
| Employment History | 1 | $116,000 | $116,000 | $116,000 | $43,000 | $43,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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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