Meta Financial Group, Inc. Mortgage Lending & HMDA Data, 2020
In 2020, Meta Financial Group, Inc. of Sioux Falls, SD reported 29 mortgage applications totaling $7.1 million, down 89% from 2019. The average application was for $246,379, and applicants reported an average income of $165,827. 90% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Sioux Falls, SD (17), Des Moines-West Des Moines, IA (2) and Atlanta-Sandy Springs-Roswell, GA (1) (applications in parentheses).
| Mortgage Company & Address | Meta Financial Group, Inc. 4900 S Western Avenue Sioux Falls, SD 57108 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 29 |
| Total Mortgage Loan Application Amount | $7,145,000 |
| Average Mortgage Loan Application Amount | $246,379 |
| Highest Mortgage Loan Application Amount | $1,515,000 |
| Average Applicant Income | $165,827 |
| Highest Applicant Income | $601,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Meta Financial Group, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lincoln, South Dakota | 9 | $ 2,805,000 | $ 311,666 | $ 169,000 |
| Minnehaha, South Dakota | 7 | $ 1,745,000 | $ 249,285 | $ 166,000 |
| Buena Vista, Iowa | 2 | $ 140,000 | $ 70,000 | $ 112,000 |
| Polk, Iowa | 2 | $ 420,000 | $ 210,000 | $ 118,000 |
| Brookings, South Dakota | 2 | $ 290,000 | $ 145,000 | $ 132,000 |
| Clayton, Georgia | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Macomb, Michigan | 1 | $ 165,000 | $ 165,000 | $ 0 |
| Putnam, Missouri | 1 | $ 325,000 | $ 325,000 | $ 407,000 |
| Lincoln, Nebraska | 1 | $ 125,000 | $ 125,000 | $ 55,000 |
| Charles Mix, South Dakota | 1 | $ 385,000 | $ 385,000 | $ 296,000 |
| Hamlin, South Dakota | 1 | $ 425,000 | $ 425,000 | $ 214,000 |
| McCook, South Dakota | 1 | $ 155,000 | $ 155,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Meta Financial Group, Inc. 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 | 16 | $5,170,000 | $323,000 | $1,515,000 | $187,000 | $601,000 |
| Home Purchase | 9 | $1,735,000 | $192,000 | $385,000 | $152,000 | $330,000 |
| Other Purpose | 3 | $215,000 | $71,000 | $155,000 | $102,000 | $149,000 |
| Home Improvement | 1 | $25,000 | $25,000 | $25,000 | $143,000 | $143,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $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 | 26 | $5,170,000 | $198,000 | $425,000 | $149,000 | $407,000 |
| Not Provided | 1 | $295,000 | $295,000 | $295,000 | $67,000 | $67,000 |
| Asian | 1 | $1,515,000 | $1,515,000 | $1,515,000 | $601,000 | $601,000 |
| Black or African American | 1 | $165,000 | $165,000 | $165,000 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 29 | $7,145,000 | $246,000 | $1,515,000 | $164,000 | $601,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 26 | $6,620,000 | $254,000 | $1,515,000 | $173,000 | $601,000 |
| Application Withdrawn By Applicant | 2 | $400,000 | $200,000 | $245,000 | $119,000 | $191,000 |
| Application Denied By Financial Institution | 1 | $125,000 | $125,000 | $125,000 | $55,000 | $55,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 28 | $7,020,000 | $250,000 | $1,515,000 | $168,000 | $601,000 |
| Collateral | 1 | $125,000 | $125,000 | $125,000 | $55,000 | $55,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Meta Financial Group, Inc.'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 Meta Financial Group, Inc.'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
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