Faulk County, SD Mortgage Lenders & HMDA Data, 2025
In 2025, lenders reported 32 mortgage applications in Faulk County, SD totaling $5.1 million, up 52% from 2024. The average application was for $160,000, and applicants reported an average income of $95,000. 59% of applications resulted in an originated loan and 16% were denied. The most active lender was Dacotah Bank, with 9 applications, followed by Plains Commerce Bank and Newrez LLC.
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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 | 32 |
| Total Mortgage Loan Application Amount | $5,130,000 |
| Average Mortgage Loan Application Amount | $160,000 |
| Highest Mortgage Loan Application Amount | $405,000 |
| Average Applicant Income | $95,000 |
| Highest Applicant Income | $484,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Dacotah Bank 308 S MAIN STREET, PO BOX 1210 ABERDEEN, SD 57401 |
* | $ n/a | 9 | $ 1,255,000 |
| Plains Commerce Bank 220 MAIN ST HOVEN, SD 57450 |
* | $ n/a | 3 | $ 125,000 |
| Newrez LLC FORT WASHINGTON, PA 19034 |
* | $ n/a | 2 | $ 500,000 |
| Levo Federal Credit Union 700 E 14TH STREET SIOUX FALLS, SD 57106 |
* | $ n/a | 2 | $ 310,000 |
| Gateway First Bank 244 SOUTH GATEWAY PLACE JENKS, OK 74037 |
* | $ n/a | 2 | $ 210,000 |
| Mortgage Research Center 1400 VETERANS UNITED DR. COLUMBIA, MO 65203 |
* | $ n/a | 2 | $ 380,000 |
| Farm Credit Mid-America, Aca 1601 UPS DRIVE LOUISVILLE, KY 40299 |
* | $ n/a | 2 | $ 660,000 |
| Bankwest, Inc. 420 S. PIERRE STREET, PO BOX 998 PIERRE, SD 57501 |
* | $ n/a | 1 | $ 165,000 |
| Navy Federal Credit Union 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ n/a | 1 | $ 135,000 |
| Amerisave Mortgage Company 1200 ALTMORE AVENUE BUILDING 2 SUITE 300 SANDY SPRINGS, GA 30342 |
* | $ n/a | 1 | $ 65,000 |
| USAA Federal Savings Bank 10750 MCDERMOTT FREEWAY SAN ANTONIO, TX 78288 |
* | $ n/a | 1 | $ 375,000 |
| American Bank & Trust 120 E MAIN STREET SIOUX FALLS, SD 57108 |
* | $ n/a | 1 | $ 285,000 |
| Flanagan State Bank 301 W FALCON HWY FLANAGAN, IL 61740 |
* | $ n/a | 1 | $ 55,000 |
| 21st Mortgage 620 MARKET ST SUITE 100 KNOXVILLE, TN 37902 |
* | $ n/a | 1 | $ 215,000 |
| PennyMac Loan Services LLC 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361 |
* | $ n/a | 1 | $ 55,000 |
The tables below break down 2025 mortgage applications in Faulk 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 Faulk County, SD in 2025
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 | $2,875,000 | $169,000 | $405,000 | $80,000 | $196,000 |
| Cash-out Refinancing | 7 | $1,105,000 | $157,000 | $265,000 | $81,000 | $108,000 |
| Refinancing | 4 | $740,000 | $185,000 | $315,000 | $103,000 | $142,000 |
| Home Improvement | 3 | $385,000 | $128,000 | $355,000 | $203,000 | $484,000 |
| Other Purpose | 1 | $25,000 | $25,000 | $25,000 | $65,000 | $65,000 |
| 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 | 24 | $4,290,000 | $178,000 | $405,000 | $102,000 | $484,000 |
| Hispanic | 5 | $405,000 | $81,000 | $135,000 | $58,000 | $65,000 |
| American Indian or Alaskan Native | 1 | $315,000 | $315,000 | $315,000 | $0 | $0 |
| Not applicable | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
| Not Provided | 1 | $65,000 | $65,000 | $65,000 | $57,000 | $57,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 21 | $3,125,000 | $148,000 | $405,000 | $106,000 | $484,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,445,000 | $206,000 | $375,000 | $72,000 | $129,000 |
| FHA-insured (Federal Housing Administration) | 3 | $275,000 | $91,000 | $105,000 | $73,000 | $83,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $285,000 | $285,000 | $285,000 | $106,000 | $106,000 |
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 | 19 | $2,845,000 | $149,000 | $405,000 | $89,000 | $196,000 |
| Application Denied By Financial Institution | 5 | $655,000 | $131,000 | $235,000 | $59,000 | $78,000 |
| Application Withdrawn By Applicant | 4 | $890,000 | $222,000 | $355,000 | $174,000 | $484,000 |
| File Closed For Incompleteness | 3 | $685,000 | $228,000 | $315,000 | $82,000 | $110,000 |
| Loan Purchased By The Institution | 1 | $55,000 | $55,000 | $55,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 27 | $4,475,000 | $165,000 | $405,000 | $103,000 | $484,000 |
| Debt-To-Income Ratio | 2 | $350,000 | $175,000 | $215,000 | $58,000 | $59,000 |
| Collateral | 1 | $235,000 | $235,000 | $235,000 | $78,000 | $78,000 |
| Credit History | 1 | $5,000 | $5,000 | $5,000 | $48,000 | $48,000 |
| Unverifiable Information | 1 | $65,000 | $65,000 | $65,000 | $57,000 | $57,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $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 |
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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