McPherson County, SD Mortgage Lenders & HMDA Data, 2012
In 2012, lenders reported 24 mortgage applications in McPherson County, SD totaling $2.2 million, down 35% from 2011. The average application was for $93,000, and applicants reported an average income of $58,000. 54% of applications resulted in an originated loan and 21% were denied. The most active lender was Wells Fargo Bank NA, with 8 applications, followed by Home Federal Bank and Citibank, NA.
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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 | 24 |
| Total Mortgage Loan Application Amount | $2,240,000 |
| Average Mortgage Loan Application Amount | $93,000 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $58,000 |
| Highest Applicant Income | $192,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Wells Fargo Bank NA MINNEAPOLIS, MN 55415 |
* | $ 1,161,490,000,000 | 8 | $ 568,000 |
| Home Federal Bank P.O. BOX 5000 SIOUX FALLS, SD 57117 |
* | $ 1,224,205,000 | 4 | $ 235,000 |
| Citibank, NA NEW YORK, NY 10012 |
* | $ 1,288,658,000,000 | 2 | $ 83,000 |
| Plains Commerce Bank 220 MAIN ST HOVEN, SD 57450 |
* | $ 414,758,000 | 2 | $ 651,000 |
| Bankwest, Inc. 420 S. PIERRE STREET, PO BOX 998 PIERRE, SD 57501 |
* | $ 739,907,000 | 2 | $ 351,000 |
| Flagstar Bank NA TROY, MI 49098 |
* | $ 13,623,469,000 | 1 | $ 51,000 |
| US Bk NA Nd 4325 17TH AVENUE, S.W. FARGO, ND 58103 |
* | $ 5,997,931,000 | 1 | $ 79,000 |
| Cortrust Mortgage, Inc. 2101 S MINNESOTA AVENUE SIOUX FALLS, SD 57105 |
* | $ 10,000,000 | 1 | $ 83,000 |
| Dacotah Bank 308 S MAIN STREET, PO BOX 1210 ABERDEEN, SD 57401 |
* | $ 1,902,620,000 | 1 | $ 36,000 |
The tables below break down 2012 mortgage applications in McPherson 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 McPherson County, SD in 2012
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 | 13 | $1,476,000 | $113,000 | $600,000 | $48,000 | $100,000 |
| Refinancing | 11 | $764,000 | $69,000 | $196,000 | $70,000 | $192,000 |
| Home Improvement | 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 | 21 | $1,467,000 | $69,000 | $196,000 | $65,000 | $192,000 |
| Not applicable | 2 | $743,000 | $371,000 | $600,000 | $0 | $0 |
| Hispanic | 1 | $30,000 | $30,000 | $30,000 | $42,000 | $42,000 |
| 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 |
| Not Provided | 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) | 14 | $1,502,000 | $107,000 | $600,000 | $68,000 | $192,000 |
| FHA-insured (Federal Housing Administration) | 8 | $623,000 | $77,000 | $143,000 | $44,000 | $100,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $115,000 | $57,000 | $64,000 | $49,000 | $51,000 |
| 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 | 13 | $1,279,000 | $98,000 | $600,000 | $61,000 | $192,000 |
| Application Denied By Financial Institution | 5 | $442,000 | $88,000 | $155,000 | $53,000 | $100,000 |
| Application Approved But Not Accepted | 2 | $85,000 | $42,000 | $47,000 | $46,000 | $59,000 |
| Loan Purchased By The Institution | 2 | $194,000 | $97,000 | $143,000 | $38,000 | $77,000 |
| Application Withdrawn By Applicant | 1 | $196,000 | $196,000 | $196,000 | $0 | $0 |
| File Closed For Incompleteness | 1 | $44,000 | $44,000 | $44,000 | $169,000 | $169,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $95,000 | $95,000 | $95,000 | $36,000 | $36,000 |
| Debt-To-Income Ratio | 1 | $79,000 | $79,000 | $79,000 | $36,000 | $36,000 |
| Collateral | 1 | $83,000 | $83,000 | $83,000 | $100,000 | $100,000 |
| Unverifiable Information | 1 | $30,000 | $30,000 | $30,000 | $42,000 | $42,000 |
| Credit Application Incomplete | 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 |
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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