Haakon County, SD Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 33 mortgage applications in Haakon County, SD totaling $5.3 million, up 43% from 2023. The average application was for $161,000, and applicants reported an average income of $101,000. 45% of applications resulted in an originated loan and 18% were denied. The most active lender was Bankwest, Inc., with 8 applications, followed by Black Hills Federal Credit Union and First International Bank & Trust.
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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 | 33 |
| Total Mortgage Loan Application Amount | $5,345,000 |
| Average Mortgage Loan Application Amount | $161,000 |
| Highest Mortgage Loan Application Amount | $415,000 |
| Average Applicant Income | $101,000 |
| Highest Applicant Income | $432,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Bankwest, Inc. 420 S. PIERRE STREET, PO BOX 998 PIERRE, SD 57501 |
* | $ n/a | 8 | $ 650,000 |
| Black Hills Federal Credit Union PO BOX 1420-225 MAIN ST RAPID CITY, SD 57702 |
* | $ n/a | 3 | $ 495,000 |
| First International Bank & Trust 1600 S BDWAY MINOT, ND 58701 |
* | $ n/a | 3 | $ 365,000 |
| Granite Bank 202 2ND AVENUE SOUTH, P.O. BOX 416 COLD SPRING, MN 56320 |
* | $ n/a | 2 | $ 320,000 |
| Plains Commerce Bank 220 MAIN ST HOVEN, SD 57450 |
* | $ n/a | 1 | $ 155,000 |
| The Federal Savings Bank 300 N ELIZABETH STREET, STE 3E CHICAGO, IL 60639 |
* | $ n/a | 1 | $ 325,000 |
| Pioneer Bank & Trust 125 E COLORADO BLVD STE 1A SPEARFISH, SD 57783 |
* | $ n/a | 1 | $ 205,000 |
| Navy Federal Credit Union 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ n/a | 1 | $ 75,000 |
| loanDepot.com LLC 6561 IRVINE CENTER DRIVE IRVINE, CA 92618 |
* | $ n/a | 1 | $ 95,000 |
| Barrington Bank & Trust Company, N.A. 201 SOUTH HOUGH STREET BARRINGTON, IL 60010 |
* | $ n/a | 1 | $ 265,000 |
| Discover Bank 12 READS WAY GREENWOOD, DE 19950 |
* | $ n/a | 1 | $ 35,000 |
| PennyMac Loan Services LLC 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361 |
* | $ n/a | 1 | $ 415,000 |
| American Financial Resources LLC 9 SYLVAN WAY PARSIPPANY, NJ 07054 |
* | $ n/a | 1 | $ 215,000 |
| Wells Fargo Bank NA MINNEAPOLIS, MN 55415 |
* | $ n/a | 1 | $ 75,000 |
| First National Bank 125 WEST SIOUX AVE PIERRE, SD 57501 |
* | $ n/a | 1 | $ 365,000 |
| Black Hills Community Bank, NA 840 MT. RUSHMORE RD. RAPID CITY, SD 57701 |
* | $ n/a | 1 | $ 415,000 |
| Newrez LLC FORT WASHINGTON, PA 19034 |
* | $ n/a | 1 | $ 235,000 |
| Star USA Federal Credit Union ONE CANTLEY DRIVE CHARLESTON, WV 25314 |
* | $ n/a | 1 | $ 115,000 |
The tables below break down 2024 mortgage applications in Haakon 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 Haakon 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 | 19 | $3,295,000 | $173,000 | $415,000 | $106,000 | $432,000 |
| Cash-out Refinancing | 6 | $1,030,000 | $171,000 | $355,000 | $72,000 | $118,000 |
| Refinancing | 4 | $820,000 | $205,000 | $325,000 | $119,000 | $136,000 |
| Other Purpose | 2 | $70,000 | $35,000 | $35,000 | $81,000 | $127,000 |
| Home Improvement | 2 | $130,000 | $65,000 | $85,000 | $140,000 | $154,000 |
| 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 | 26 | $4,000,000 | $153,000 | $415,000 | $100,000 | $432,000 |
| Not applicable | 4 | $1,070,000 | $267,000 | $415,000 | $0 | $0 |
| Not Provided | 2 | $200,000 | $100,000 | $115,000 | $125,000 | $154,000 |
| Hispanic | 1 | $75,000 | $75,000 | $75,000 | $98,000 | $98,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 22 | $3,000,000 | $136,000 | $365,000 | $100,000 | $154,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,875,000 | $208,000 | $415,000 | $118,000 | $432,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $205,000 | $205,000 | $205,000 | $70,000 | $70,000 |
| VA-guaranteed (Veterans Administration) | 1 | $265,000 | $265,000 | $265,000 | $47,000 | $47,000 |
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 | 15 | $2,585,000 | $172,000 | $415,000 | $117,000 | $432,000 |
| Application Withdrawn By Applicant | 7 | $665,000 | $95,000 | $155,000 | $92,000 | $127,000 |
| Application Denied By Financial Institution | 6 | $1,160,000 | $193,000 | $355,000 | $83,000 | $136,000 |
| Loan Purchased By The Institution | 3 | $705,000 | $235,000 | $415,000 | $0 | $0 |
| Application Approved But Not Accepted | 1 | $115,000 | $115,000 | $115,000 | $83,000 | $83,000 |
| File Closed For Incompleteness | 1 | $115,000 | $115,000 | $115,000 | $79,000 | $79,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 26 | $3,980,000 | $153,000 | $415,000 | $108,000 | $432,000 |
| Debt-To-Income Ratio | 3 | $385,000 | $128,000 | $205,000 | $109,000 | $136,000 |
| Other | 1 | $265,000 | $265,000 | $265,000 | $47,000 | $47,000 |
| Collateral | 1 | $325,000 | $325,000 | $325,000 | $88,000 | $88,000 |
| Credit Application Incomplete | 1 | $355,000 | $355,000 | $355,000 | $74,000 | $74,000 |
| Credit History | 1 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 |
| Unverifiable Information | 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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