Great Western Bank Mortgage Lending & HMDA Data, 2020
In 2020, Great Western Bank of Sioux Falls, SD reported 6,150 mortgage applications totaling $1.1 billion, up 26% from 2019. The average application was for $181,302, and applicants reported an average income of $114,435. 62% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Sioux Falls, SD (960), Omaha-Council Bluffs, NE-IA (743) and Des Moines-West Des Moines, IA (352) (applications in parentheses).
| Mortgage Company & Address | Great Western Bank 225 S Main Ave Sioux Falls, SD 57104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 |
| Total Number of Mortgage Applications | 6,150 |
| Total Mortgage Loan Application Amount | $1,115,010,000 |
| Average Mortgage Loan Application Amount | $181,302 |
| Highest Mortgage Loan Application Amount | $17,355,000 |
| Average Applicant Income | $114,435 |
| Highest Applicant Income | $5,818,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Great Western Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 2,850 | $ 382,040,000 | $ 134,049 | $ 92,820 |
| Sioux Falls, SD | 960 | $ 172,660,000 | $ 179,854 | $ 115,000 |
| Omaha-Council Bluffs, NE-IA | 743 | $ 127,305,000 | $ 171,339 | $ 106,156 |
| Des Moines-West Des Moines, IA | 352 | $ 83,090,000 | $ 236,051 | $ 168,000 |
| Lincoln, NE | 340 | $ 54,190,000 | $ 159,382 | $ 101,000 |
| Ames, IA | 147 | $ 21,215,000 | $ 144,319 | $ 96,000 |
| Phoenix-Mesa-Scottsdale, AZ | 131 | $ 65,425,000 | $ 499,427 | $ 265,000 |
| Boulder, CO | 72 | $ 24,570,000 | $ 341,250 | $ 234,000 |
| Denver-Aurora-Lakewood, CO | 71 | $ 23,935,000 | $ 337,112 | $ 211,000 |
| Rapid City, SD | 64 | $ 8,490,000 | $ 132,656 | $ 74,000 |
| Grand Island, NE | 60 | $ 6,710,000 | $ 111,833 | $ 68,000 |
| Fort Collins, CO | 51 | $ 16,115,000 | $ 315,980 | $ 155,000 |
| Greeley, CO | 48 | $ 12,150,000 | $ 253,125 | $ 178,000 |
| Iowa City, IA | 47 | $ 26,055,000 | $ 554,361 | $ 257,000 |
| Kansas City, MO-KS | 36 | $ 12,040,000 | $ 334,444 | $ 261,361 |
| Waterloo-Cedar Falls, IA | 25 | $ 4,585,000 | $ 183,400 | $ 135,000 |
| Colorado Springs, CO | 24 | $ 5,410,000 | $ 225,416 | $ 138,000 |
| Sioux City, IA-NE-SD | 24 | $ 4,050,000 | $ 168,750 | $ 154,291 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 19 | $ 11,395,000 | $ 599,736 | $ 180,000 |
| Tucson, AZ | 19 | $ 10,175,000 | $ 535,526 | $ 181,000 |
| Fargo, ND-MN | 17 | $ 28,325,000 | $ 1,666,176 | $ 107,352 |
| Cedar Rapids, IA | 11 | $ 2,235,000 | $ 203,181 | $ 183,000 |
| Las Vegas-Henderson-Paradise, NV | 6 | $ 2,960,000 | $ 493,333 | $ 636,000 |
| Orlando-Kissimmee-Sanford, FL | 6 | $ 1,110,000 | $ 185,000 | $ 95,000 |
| Davenport-Moline-Rock Island, IA-IL | 3 | $ 55,000 | $ 18,333 | $ 56,000 |
| St. Joseph, MO-KS | 3 | $ 245,000 | $ 81,666 | $ 79,000 |
| Dallas-Plano-Irving, TX | 2 | $ 690,000 | $ 345,000 | $ 336,000 |
| Lake Havasu City-Kingman, AZ | 2 | $ 920,000 | $ 460,000 | $ 100,000 |
| Port St. Lucie, FL | 2 | $ 530,000 | $ 265,000 | $ 303,000 |
| San Diego-Carlsbad, CA | 2 | $ 1,280,000 | $ 640,000 | $ 423,000 |
| Bismarck, ND | 1 | $ 325,000 | $ 325,000 | $ 96,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 1,725,000 | $ 1,725,000 | $ 693,000 |
| Flagstaff, AZ | 1 | $ 335,000 | $ 335,000 | $ 402,000 |
| Manhattan, KS | 1 | $ 195,000 | $ 195,000 | $ 121,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 645,000 | $ 645,000 | $ 2,039,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 75,000 | $ 75,000 | $ 68,000 |
| Peoria, IL | 1 | $ 205,000 | $ 205,000 | $ 109,000 |
| Provo-Orem, UT | 1 | $ 165,000 | $ 165,000 | $ 892,000 |
| Punta Gorda, FL | 1 | $ 75,000 | $ 75,000 | $ 132,000 |
| Sierra Vista-Douglas, AZ | 1 | $ 205,000 | $ 205,000 | $ 86,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 285,000 | $ 285,000 | $ 175,000 |
| Topeka, KS | 1 | $ 395,000 | $ 395,000 | $ 140,000 |
| Yuma, AZ | 1 | $ 425,000 | $ 425,000 | $ 127,000 |
Mortgage Loan Application Detail Totals for Great Western Bank in 2020
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 | 2,433 | $503,095,000 | $206,000 | $17,355,000 | $123,000 | $5,818,000 |
| Home Purchase | 1,722 | $333,560,000 | $193,000 | $5,135,000 | $97,000 | $2,039,000 |
| Cash-out Refinancing | 945 | $204,075,000 | $215,000 | $1,805,000 | $128,000 | $5,790,000 |
| Home Improvement | 746 | $47,020,000 | $63,000 | $1,005,000 | $102,000 | $1,801,000 |
| Other Purpose | 304 | $27,260,000 | $89,000 | $775,000 | $133,000 | $3,895,000 |
| 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 | 4,784 | $829,630,000 | $173,000 | $4,015,000 | $115,000 | $5,818,000 |
| Not Provided | 848 | $107,690,000 | $126,000 | $1,545,000 | $116,000 | $2,329,000 |
| Not applicable | 156 | $114,390,000 | $733,000 | $17,355,000 | $0 | $0 |
| Hispanic | 149 | $23,115,000 | $155,000 | $1,335,000 | $102,000 | $920,000 |
| Asian | 77 | $17,295,000 | $224,000 | $1,265,000 | $106,000 | $1,185,000 |
| Black or African American | 45 | $7,355,000 | $163,000 | $725,000 | $82,000 | $362,000 |
| American Indian or Alaskan Native | 41 | $5,465,000 | $133,000 | $365,000 | $90,000 | $689,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $225,000 | $225,000 | $225,000 | $103,000 | $103,000 |
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) | 5,716 | $1,050,680,000 | $183,000 | $17,355,000 | $119,000 | $5,818,000 |
| FHA-insured (Federal Housing Administration) | 177 | $24,225,000 | $136,000 | $325,000 | $53,000 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 152 | $16,440,000 | $108,000 | $255,000 | $48,000 | $402,000 |
| VA-guaranteed (Veterans Administration) | 105 | $23,665,000 | $225,000 | $505,000 | $89,000 | $195,000 |
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 | 3,814 | $727,470,000 | $190,000 | $17,355,000 | $121,000 | $5,818,000 |
| Application Denied By Financial Institution | 1,124 | $147,140,000 | $130,000 | $2,715,000 | $74,000 | $1,185,000 |
| Application Withdrawn By Applicant | 983 | $209,425,000 | $213,000 | $4,015,000 | $134,000 | $2,448,000 |
| File Closed For Incompleteness | 190 | $26,700,000 | $140,000 | $1,335,000 | $108,000 | $2,116,000 |
| Application Approved But Not Accepted | 30 | $3,320,000 | $110,000 | $295,000 | $172,000 | $1,523,000 |
| Loan Purchased By The Institution | 9 | $955,000 | $106,000 | $145,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 5,026 | $967,870,000 | $192,000 | $17,355,000 | $124,000 | $5,818,000 |
| Credit History | 554 | $59,740,000 | $107,000 | $1,405,000 | $73,000 | $680,000 |
| Debt-To-Income Ratio | 360 | $56,930,000 | $158,000 | $2,715,000 | $56,000 | $262,000 |
| Collateral | 132 | $19,190,000 | $145,000 | $2,105,000 | $123,000 | $1,185,000 |
| Other | 31 | $4,185,000 | $135,000 | $655,000 | $106,000 | $390,000 |
| Employment History | 23 | $2,865,000 | $124,000 | $405,000 | $21,000 | $86,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 16 | $3,190,000 | $199,000 | $1,515,000 | $74,000 | $350,000 |
| Unverifiable Information | 4 | $610,000 | $152,000 | $195,000 | $88,000 | $210,000 |
| Credit Application Incomplete | 4 | $430,000 | $107,000 | $255,000 | $99,000 | $131,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Great Western Bank's 2020 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Great Western Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in South Dakota, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About