AllMortgageDetail - Mortgage Application Details

South Dakota
Mortgage Loan Application
Totals and Details
in 2014

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Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 29,542
Total Mortgage Loan Application Amount $4,746,575,000
Average Mortgage Loan Application Amount $160,000
Highest Mortgage Loan Application Amount $16,400,000
Average Applicant Income $70,000
Highest Applicant Income $3,105,000

Mortgage Loan Application Detail Totals for South Dakota in 2014

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 17,277 $2,928,859,000 $169,000 $16,000,000 $66,000 $3,105,000
Refinancing 10,155 $1,677,564,000 $165,000 $16,400,000 $76,000 $2,741,000
Home Improvement 2,110 $140,152,000 $66,000 $2,744,000 $76,000 $1,992,000

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 21,369 $3,254,218,000 $152,000 $4,000,000 $84,000 $3,105,000
Not applicable 5,565 $1,148,527,000 $206,000 $16,400,000 $15,000 $901,000
Not Provided 1,379 $189,917,000 $137,000 $1,500,000 $83,000 $2,005,000
American Indian or Alaskan Native 404 $40,277,000 $99,000 $1,050,000 $61,000 $354,000
Hispanic 364 $46,272,000 $127,000 $985,000 $64,000 $793,000
Asian 213 $32,939,000 $154,000 $401,000 $86,000 $540,000
Black or African American 186 $26,550,000 $142,000 $434,000 $70,000 $749,000
Native Hawaiin or Other Pacific Islander 62 $7,875,000 $127,000 $417,000 $76,000 $558,000

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) 19,771 $3,268,949,000 $165,000 $16,400,000 $84,000 $3,105,000
FHA-insured (Federal Housing Administration) 3,613 $495,102,000 $137,000 $1,481,000 $42,000 $1,992,000
VA-guaranteed (Veterans Administration) 3,214 $594,263,000 $184,000 $1,242,000 $54,000 $1,014,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,944 $388,261,000 $131,000 $720,000 $30,000 $535,000

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 16,073 $2,723,961,000 $169,000 $16,400,000 $86,000 $3,105,000
Loan Purchased By The Institution 6,250 $974,452,000 $155,000 $975,000 $28,000 $901,000
Application Denied By Financial Institution 3,680 $459,969,000 $124,000 $5,500,000 $64,000 $2,005,000
Application Withdrawn By Applicant 1,998 $369,783,000 $185,000 $16,100,000 $77,000 $1,362,000
Application Approved But Not Accepted 1,137 $164,874,000 $145,000 $1,531,000 $91,000 $2,625,000
File Closed For Incompleteness 404 $53,536,000 $132,000 $509,000 $80,000 $1,479,000
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 833 $70,995,000 $85,000 $700,000 $66,000 $2,005,000
Debt-To-Income Ratio 685 $92,397,000 $134,000 $1,900,000 $52,000 $371,000
Collateral 444 $66,661,000 $150,000 $2,000,000 $84,000 $1,228,000
Credit Application Incomplete 192 $27,400,000 $142,000 $591,000 $73,000 $559,000
Other 164 $21,206,000 $129,000 $1,300,000 $66,000 $304,000
Unverifiable Information 57 $10,793,000 $189,000 $950,000 $116,000 $1,897,000
Insufficient Cash (Downpayment, Closing Cost) 50 $11,340,000 $226,000 $4,000,000 $54,000 $209,000
Employment History 43 $6,118,000 $142,000 $417,000 $52,000 $173,000
Mortgage Insurance Denied 4 $534,000 $133,000 $271,000 $55,000 $81,000

Mortgage Loan Application Totals in 2014 by South Dakota Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
RAPID CITY, SD 6,172 $ 1,042,565,000 $ 168,000 $ 69,000
SIOUX FALLS, SD 12,297 $ 2,100,647,000 $ 170,000 $ 70,000

Mortgage Loan Application Totals in 2014 by South Dakota County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Aurora 40 $ 4,096,000 $ 102,000 $ 75,000
Beadle 229 $ 23,527,000 $ 102,000 $ 54,000
Bennett 47 $ 2,172,000 $ 46,000 $ 70,000
Bon Homme 100 $ 12,385,000 $ 123,000 $ 58,000
Brookings 509 $ 122,962,000 $ 241,000 $ 71,000
Brown 1,158 $ 167,240,000 $ 144,000 $ 64,000
Brule 119 $ 17,405,000 $ 146,000 $ 69,000
Buffalo 7 $ 484,000 $ 69,000 $ 28,000
Butte 331 $ 43,468,000 $ 131,000 $ 60,000
Campbell 12 $ 1,244,000 $ 103,000 $ 92,000
Charles Mix 86 $ 14,722,000 $ 171,000 $ 83,000
Clark 62 $ 5,990,000 $ 96,000 $ 84,000
Clay 315 $ 51,790,000 $ 164,000 $ 58,000
Codington 1,119 $ 169,299,000 $ 151,000 $ 67,000
Corson 17 $ 860,000 $ 50,000 $ 39,000
Custer 384 $ 63,263,000 $ 164,000 $ 67,000
Davison 717 $ 91,521,000 $ 127,000 $ 62,000
Day 133 $ 19,587,000 $ 147,000 $ 83,000
Deuel 124 $ 16,977,000 $ 136,000 $ 78,000
Dewey 27 $ 2,339,000 $ 86,000 $ 134,000
Douglas 43 $ 4,441,000 $ 103,000 $ 51,000
Edmunds 96 $ 14,332,000 $ 149,000 $ 83,000
Fall River 220 $ 28,286,000 $ 128,000 $ 72,000
Faulk 38 $ 3,816,000 $ 100,000 $ 66,000
Grant 125 $ 14,227,000 $ 113,000 $ 58,000
Gregory 54 $ 7,254,000 $ 134,000 $ 57,000
Haakon 28 $ 3,117,000 $ 111,000 $ 63,000
Hamlin 183 $ 20,612,000 $ 112,000 $ 60,000
Hand 57 $ 6,142,000 $ 107,000 $ 53,000
Hanson 98 $ 10,078,000 $ 102,000 $ 56,000
Harding 19 $ 3,120,000 $ 164,000 $ 82,000
Hughes 604 $ 89,656,000 $ 148,000 $ 56,000
Hutchinson 127 $ 12,183,000 $ 95,000 $ 57,000
Hyde 28 $ 3,512,000 $ 125,000 $ 57,000
Jackson 13 $ 704,000 $ 54,000 $ 52,000
Jerauld 34 $ 4,378,000 $ 128,000 $ 71,000
Jones 10 $ 822,000 $ 82,000 $ 63,000
Kingsbury 68 $ 8,209,000 $ 120,000 $ 64,000
Lake 358 $ 49,879,000 $ 139,000 $ 87,000
Lawrence 1,135 $ 199,524,000 $ 175,000 $ 83,000
Lincoln 3,298 $ 681,822,000 $ 206,000 $ 85,000
Lyman 38 $ 5,463,000 $ 143,000 $ 65,000
Marshall 87 $ 10,921,000 $ 125,000 $ 101,000
McCook 186 $ 20,716,000 $ 111,000 $ 61,000
McPherson 21 $ 1,875,000 $ 89,000 $ 51,000
Meade 1,185 $ 202,050,000 $ 170,000 $ 61,000
Mellette 13 $ 1,009,000 $ 77,000 $ 39,000
Miner 44 $ 4,318,000 $ 98,000 $ 72,000
Minnehaha 8,455 $ 1,350,497,000 $ 159,000 $ 64,000
Moody 165 $ 17,910,000 $ 108,000 $ 59,000
Pennington 4,611 $ 778,342,000 $ 168,000 $ 71,000
Perkins 31 $ 5,440,000 $ 175,000 $ 66,000
Potter 64 $ 5,841,000 $ 91,000 $ 60,000
Roberts 118 $ 17,025,000 $ 144,000 $ 100,000
Sanborn 40 $ 3,784,000 $ 94,000 $ 78,000
Shannon 55 $ 1,303,000 $ 23,000 $ 36,000
Spink 88 $ 8,966,000 $ 101,000 $ 89,000
Stanley 109 $ 18,453,000 $ 169,000 $ 69,000
Sully 37 $ 3,843,000 $ 103,000 $ 38,000
Todd 22 $ 1,570,000 $ 71,000 $ 61,000
Tripp 78 $ 7,936,000 $ 101,000 $ 75,000
Turner 365 $ 47,925,000 $ 131,000 $ 74,000
Union 657 $ 122,247,000 $ 186,000 $ 109,000
Walworth 126 $ 11,766,000 $ 93,000 $ 79,000
Yankton 669 $ 85,172,000 $ 127,000 $ 71,000
Ziebach 9 $ 915,000 $ 101,000 $ 194,000