Perkins County, SD Mortgage Lenders & HMDA Data, 2016
In 2016, lenders reported 46 mortgage applications in Perkins County, SD totaling $7.2 million, up 2% from 2015. The average application was for $157,000, and applicants reported an average income of $102,000. 50% of applications resulted in an originated loan and 37% were denied. The most active lender was Dacotah Bank, with 17 applications, followed by Dakota Plains Federal Credit Union and Wells Fargo Bank 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 | 46 |
| Total Mortgage Loan Application Amount | $7,238,000 |
| Average Mortgage Loan Application Amount | $157,000 |
| Highest Mortgage Loan Application Amount | $1,580,000 |
| Average Applicant Income | $102,000 |
| Highest Applicant Income | $742,000 |
| Mortgage Lender | Phone Number | Mortgage Lender Assets | Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications |
|---|---|---|---|---|
| Dacotah Bank 308 S MAIN STREET, PO BOX 1210 ABERDEEN, SD 57401 |
* | $ 2,227,404,000 | 17 | $ 2,248,000 |
| Dakota Plains Federal Credit Union 519 MAIN AVE LEMMON, SD 57638 |
* | $ 51,358,000 | 7 | $ 414,000 |
| Wells Fargo Bank NA MINNEAPOLIS, MN 55415 |
* | $ 1,610,580,000,000 | 4 | $ 272,000 |
| Nationwide Bank ONE NATIONWIDE PLAZA COLUMBUS, OH 43215 |
* | $ 6,397,488,000 | 3 | $ 220,000 |
| Pioneer Bank & Trust 125 E COLORADO BLVD STE 1A SPEARFISH, SD 57783 |
* | $ 636,572,000 | 2 | $ 909,000 |
| First Dakota National Bak 225 CEDAR ST YANKTON, SD 57078 |
* | $ 1,293,340,000 | 2 | $ 1,880,000 |
| Bankwest, Inc. 420 S. PIERRE STREET, PO BOX 998 PIERRE, SD 57501 |
* | $ 915,092,000 | 2 | $ 363,000 |
| Primelending 18111 PRESTON ROAD SUITE 900 DALLAS, TX 75252 |
* | $ 8,764,654,000 | 1 | $ 169,000 |
| Franklin First Financial, Ltd 538 BROADHOLLOW ROAD MELVILLE, NY 11747 |
* | $ 36,249,000 | 1 | $ 112,000 |
| Black Hills Community Bank, NA 840 MT. RUSHMORE RD. RAPID CITY, SD 57701 |
* | $ 184,280,000 | 1 | $ 77,000 |
| Bokf NA ONE WEST 3RD, 5TH FL TULSA, OK 74172 |
* | $ 31,272,894,000 | 1 | $ 72,000 |
| US Bank, N.A. 425 WALNUT STREET CINCINNATI, OH 45202 |
* | $ 417,458,234,000 | 1 | $ 64,000 |
| Bank of the West 180 MONTGOMERY STREET SAN FRANCISCO, CA 94104 |
* | $ 75,743,098,000 | 1 | $ 225,000 |
| Highmark Federal Credit Union 725 5TH STREET RAPID CITY, SD 57701 |
* | $ 110,244,000 | 1 | $ 72,000 |
The tables below break down 2016 mortgage applications in Perkins 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 Perkins County, SD in 2016
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 | 22 | $5,092,000 | $231,000 | $1,580,000 | $145,000 | $742,000 |
| Home Purchase | 19 | $1,845,000 | $97,000 | $250,000 | $64,000 | $183,000 |
| Home Improvement | 5 | $301,000 | $60,000 | $80,000 | $54,000 | $77,000 |
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 | 43 | $7,062,000 | $164,000 | $1,580,000 | $107,000 | $742,000 |
| Not applicable | 1 | $72,000 | $72,000 | $72,000 | $0 | $0 |
| Not Provided | 1 | $89,000 | $89,000 | $89,000 | $55,000 | $55,000 |
| American Indian or Alaskan Native | 1 | $15,000 | $15,000 | $15,000 | $30,000 | $30,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin 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) | 36 | $5,707,000 | $158,000 | $1,580,000 | $114,000 | $742,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $1,235,000 | $205,000 | $800,000 | $61,000 | $148,000 |
| VA-guaranteed (Veterans Administration) | 2 | $132,000 | $66,000 | $66,000 | $54,000 | $54,000 |
| FHA-insured (Federal Housing Administration) | 2 | $164,000 | $82,000 | $112,000 | $52,000 | $54,000 |
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 | 23 | $5,148,000 | $223,000 | $1,580,000 | $143,000 | $742,000 |
| Application Denied By Financial Institution | 17 | $1,349,000 | $79,000 | $169,000 | $74,000 | $284,000 |
| Application Withdrawn By Applicant | 3 | $297,000 | $99,000 | $237,000 | $31,000 | $63,000 |
| File Closed For Incompleteness | 1 | $112,000 | $112,000 | $112,000 | $50,000 | $50,000 |
| Application Approved But Not Accepted | 1 | $260,000 | $260,000 | $260,000 | $0 | $0 |
| Loan Purchased By The Institution | 1 | $72,000 | $72,000 | $72,000 | $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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $192,000 | $64,000 | $74,000 | $55,000 | $58,000 |
| Other | 2 | $132,000 | $66,000 | $66,000 | $43,000 | $54,000 |
| Credit History | 2 | $146,000 | $73,000 | $75,000 | $177,000 | $284,000 |
| Debt-To-Income Ratio | 2 | $163,000 | $81,000 | $89,000 | $38,000 | $55,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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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