Lyman County, SD Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 38 mortgage applications in Lyman County, SD totaling $6.6 million, up 3% from 2023. The average application was for $173,000, and applicants reported an average income of $93,000. 53% of applications resulted in an originated loan and 16% were denied. The most active lender was Bankwest, Inc., with 15 applications, followed by US Bank, N.A. and Planet Home Lending, 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 | 38 |
| Total Mortgage Loan Application Amount | $6,610,000 |
| Average Mortgage Loan Application Amount | $173,000 |
| Highest Mortgage Loan Application Amount | $635,000 |
| Average Applicant Income | $93,000 |
| Highest Applicant Income | $332,000 |
| 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 | 15 | $ 1,895,000 |
| US Bank, N.A. 425 WALNUT STREET CINCINNATI, OH 45202 |
* | $ n/a | 3 | $ 605,000 |
| Planet Home Lending, LLC 321 RESEARCH PARKWAY SUITE 303 MERIDEN, CT 06450 |
* | $ n/a | 2 | $ 180,000 |
| Freedom Mortgage Corporation 951 YAMATO ROAD SUITE 175 BOCA RATON, FL 33431 |
* | $ n/a | 2 | $ 570,000 |
| First Dakota National Bak 225 CEDAR ST YANKTON, SD 57078 |
* | $ n/a | 2 | $ 920,000 |
| Black Hills Federal Credit Union PO BOX 1420-225 MAIN ST RAPID CITY, SD 57702 |
* | $ n/a | 2 | $ 410,000 |
| Discover Bank 12 READS WAY GREENWOOD, DE 19950 |
* | $ n/a | 1 | $ 55,000 |
| PennyMac Loan Services LLC 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361 |
* | $ n/a | 1 | $ 95,000 |
| Flagstar Bank NA TROY, MI 49098 |
* | $ n/a | 1 | $ 255,000 |
| Granite Bank 202 2ND AVENUE SOUTH, P.O. BOX 416 COLD SPRING, MN 56320 |
* | $ n/a | 1 | $ 315,000 |
| First Bank & Trust 520 6TH STREET BROOKINGS, SD 57006 |
* | $ n/a | 1 | $ 135,000 |
| Plains Commerce Bank 220 MAIN ST HOVEN, SD 57450 |
* | $ n/a | 1 | $ 315,000 |
| Guild Mortgage Company 5898 COPLEY DRIVE SAN DIEGO, CA 92111 |
* | $ n/a | 1 | $ 95,000 |
| First Interstate Bank PO BOX 30918 BILLINGS, MT 59101 |
* | $ n/a | 1 | $ 155,000 |
| Towne Mortgage Company 888 WEST BIG BEAVER ROAD SUITE 310 TROY, MI 48084 |
* | $ n/a | 1 | $ 65,000 |
| Newrez LLC FORT WASHINGTON, PA 19034 |
* | $ n/a | 1 | $ 315,000 |
| First Premier Bank 400 S SYCAMORE AVE, SUITE 101 SIOUX FALLS, SD 57104 |
* | $ n/a | 1 | $ 15,000 |
| Navy Federal Credit Union 820 FOLLIN LANE VIENNA, VA 22180 |
* | $ n/a | 1 | $ 215,000 |
The tables below break down 2024 mortgage applications in Lyman 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 Lyman 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 | 28 | $4,970,000 | $177,000 | $635,000 | $86,000 | $232,000 |
| Cash-out Refinancing | 3 | $445,000 | $148,000 | $255,000 | $69,000 | $108,000 |
| Other Purpose | 3 | $355,000 | $118,000 | $285,000 | $85,000 | $141,000 |
| Refinancing | 2 | $630,000 | $315,000 | $315,000 | $332,000 | $332,000 |
| Home Improvement | 2 | $210,000 | $105,000 | $145,000 | $104,000 | $132,000 |
| 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 | 28 | $4,340,000 | $155,000 | $315,000 | $91,000 | $332,000 |
| Not applicable | 5 | $1,065,000 | $213,000 | $315,000 | $0 | $0 |
| Not Provided | 3 | $355,000 | $118,000 | $245,000 | $46,000 | $72,000 |
| American Indian or Alaskan Native | 1 | $215,000 | $215,000 | $215,000 | $160,000 | $160,000 |
| Asian | 1 | $635,000 | $635,000 | $635,000 | $232,000 | $232,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 27 | $4,525,000 | $167,000 | $635,000 | $99,000 | $332,000 |
| FHA-insured (Federal Housing Administration) | 7 | $1,695,000 | $242,000 | $315,000 | $81,000 | $125,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $295,000 | $98,000 | $165,000 | $58,000 | $80,000 |
| VA-guaranteed (Veterans Administration) | 1 | $95,000 | $95,000 | $95,000 | $108,000 | $108,000 |
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 | 20 | $3,550,000 | $177,000 | $635,000 | $104,000 | $332,000 |
| Loan Purchased By The Institution | 8 | $1,590,000 | $198,000 | $315,000 | $80,000 | $82,000 |
| Application Denied By Financial Institution | 6 | $750,000 | $125,000 | $255,000 | $74,000 | $102,000 |
| Application Withdrawn By Applicant | 2 | $380,000 | $190,000 | $215,000 | $120,000 | $160,000 |
| File Closed For Incompleteness | 1 | $95,000 | $95,000 | $95,000 | $13,000 | $13,000 |
| Application Approved But Not Accepted | 1 | $245,000 | $245,000 | $245,000 | $72,000 | $72,000 |
| 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 | 32 | $5,860,000 | $183,000 | $635,000 | $98,000 | $332,000 |
| Collateral | 2 | $410,000 | $205,000 | $255,000 | $68,000 | $88,000 |
| Credit History | 2 | $180,000 | $90,000 | $165,000 | $74,000 | $95,000 |
| Unverifiable Information | 2 | $160,000 | $80,000 | $105,000 | $81,000 | $102,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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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