South Dakota
Mortgage Loan Application
Totals and Details
in 2015

Find mortgage statistics and mortgage data for South Dakota.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2021 in all of South Dakota.
You can organize this information by metropolitan area and by county.

Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 35,072
Total Mortgage Loan Application Amount $6,031,508,000
Average Mortgage Loan Application Amount $171,000
Highest Mortgage Loan Application Amount $22,695,000
Average Applicant Income $74,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in South Dakota, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for South Dakota in 2015

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 18,110 $3,297,619,000 $182,000 $22,695,000 $71,000 $9,999,000
Refinancing 14,535 $2,558,663,000 $176,000 $20,352,000 $78,000 $9,999,000
Home Improvement 2,427 $175,226,000 $72,000 $2,300,000 $81,000 $1,807,000

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 26,055 $4,228,839,000 $162,000 $4,000,000 $86,000 $9,600,000
Not applicable 5,977 $1,377,449,000 $230,000 $22,695,000 $22,000 $9,999,000
Not Provided 1,614 $237,485,000 $147,000 $1,008,000 $83,000 $1,620,000
Hispanic 475 $63,328,000 $133,000 $550,000 $61,000 $343,000
American Indian or Alaskan Native 418 $43,494,000 $104,000 $417,000 $56,000 $415,000
Asian 245 $36,908,000 $150,000 $417,000 $79,000 $800,000
Black or African American 233 $35,229,000 $151,000 $417,000 $61,000 $434,000
Native Hawaiian or Other Pacific Islander 55 $8,776,000 $159,000 $443,000 $65,000 $300,000

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) 23,620 $4,133,065,000 $174,000 $22,695,000 $88,000 $9,600,000
FHA-insured (Federal Housing Administration) 5,470 $842,029,000 $153,000 $19,543,000 $47,000 $9,999,000
VA-guaranteed (Veterans Administration) 3,858 $764,808,000 $198,000 $786,000 $52,000 $840,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,124 $291,606,000 $137,000 $1,390,000 $37,000 $1,051,000

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 19,418 $3,503,662,000 $180,000 $22,695,000 $88,000 $4,826,000
Loan Purchased By The Institution 6,853 $1,204,285,000 $175,000 $996,000 $34,000 $9,999,000
Application Denied By Financial Institution 4,008 $535,483,000 $133,000 $13,000,000 $68,000 $1,103,000
Application Withdrawn By Applicant 2,790 $468,264,000 $167,000 $8,100,000 $82,000 $9,600,000
Application Approved But Not Accepted 1,526 $249,068,000 $163,000 $1,175,000 $92,000 $1,200,000
File Closed For Incompleteness 476 $70,618,000 $148,000 $678,000 $66,000 $698,000
Preapproval Denied by Financial Institution 1 $128,000 $128,000 $128,000 $31,000 $31,000
Preapproval Approved but not Accepted 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 812 $73,308,000 $90,000 $417,000 $65,000 $900,000
Debt-To-Income Ratio 708 $87,543,000 $123,000 $978,000 $54,000 $1,013,000
Collateral 446 $62,541,000 $140,000 $812,000 $89,000 $922,000
Credit Application Incomplete 231 $38,657,000 $167,000 $875,000 $89,000 $1,103,000
Other 153 $18,966,000 $123,000 $400,000 $66,000 $382,000
Unverifiable Information 82 $12,639,000 $154,000 $975,000 $111,000 $879,000
Insufficient Cash (Downpayment, Closing Cost) 56 $8,688,000 $155,000 $560,000 $68,000 $289,000
Employment History 44 $6,629,000 $150,000 $975,000 $71,000 $879,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
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Mortgage Loan Application Totals in 2015 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 7,525 $ 1,360,225,000 $ 180,000 $ 68,000
SIOUX FALLS, SD 15,335 $ 2,763,508,000 $ 180,000 $ 76,000
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Mortgage Loan Application Totals in 2015 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 48 $ 5,445,000 $ 113,000 $ 71,000
Beadle 177 $ 26,005,000 $ 146,000 $ 78,000
Bennett 52 $ 3,158,000 $ 60,000 $ 48,000
Bon Homme 113 $ 12,009,000 $ 106,000 $ 64,000
Brookings 486 $ 80,575,000 $ 165,000 $ 78,000
Brown 1,267 $ 195,487,000 $ 154,000 $ 80,000
Brule 122 $ 17,675,000 $ 144,000 $ 77,000
Buffalo 14 $ 2,061,000 $ 147,000 $ 66,000
Butte 427 $ 59,761,000 $ 139,000 $ 52,000
Campbell 18 $ 1,400,000 $ 77,000 $ 55,000
Charles Mix 103 $ 18,817,000 $ 182,000 $ 87,000
Clark 88 $ 9,514,000 $ 108,000 $ 82,000
Clay 313 $ 46,820,000 $ 149,000 $ 73,000
Codington 1,193 $ 191,446,000 $ 160,000 $ 75,000
Corson 30 $ 4,810,000 $ 160,000 $ 63,000
Custer 464 $ 82,821,000 $ 178,000 $ 74,000
Davison 743 $ 104,133,000 $ 140,000 $ 68,000
Day 122 $ 20,420,000 $ 167,000 $ 107,000
Deuel 136 $ 19,160,000 $ 140,000 $ 64,000
Dewey 39 $ 3,275,000 $ 83,000 $ 52,000
Douglas 50 $ 6,526,000 $ 130,000 $ 75,000
Edmunds 117 $ 15,650,000 $ 133,000 $ 81,000
Fall River 257 $ 35,513,000 $ 138,000 $ 76,000
Faulk 31 $ 2,630,000 $ 84,000 $ 61,000
Grant 155 $ 18,167,000 $ 117,000 $ 53,000
Gregory 45 $ 6,785,000 $ 150,000 $ 101,000
Haakon 37 $ 3,336,000 $ 90,000 $ 69,000
Hamlin 239 $ 31,646,000 $ 132,000 $ 70,000
Hand 58 $ 6,579,000 $ 113,000 $ 33,000
Hanson 86 $ 11,676,000 $ 135,000 $ 72,000
Harding 20 $ 2,165,000 $ 108,000 $ 65,000
Hughes 731 $ 126,515,000 $ 173,000 $ 59,000
Hutchinson 158 $ 17,388,000 $ 110,000 $ 54,000
Hyde 35 $ 3,536,000 $ 101,000 $ 55,000
Jackson 29 $ 2,267,000 $ 78,000 $ 39,000
Jerauld 21 $ 1,845,000 $ 87,000 $ 52,000
Jones 15 $ 1,470,000 $ 98,000 $ 62,000
Kingsbury 87 $ 12,585,000 $ 144,000 $ 106,000
Lake 368 $ 59,637,000 $ 162,000 $ 96,000
Lawrence 1,293 $ 240,215,000 $ 185,000 $ 90,000
Lincoln 4,196 $ 881,530,000 $ 210,000 $ 91,000
Lyman 39 $ 4,157,000 $ 106,000 $ 98,000
Marshall 84 $ 16,099,000 $ 191,000 $ 90,000
McCook 201 $ 26,740,000 $ 133,000 $ 96,000
McPherson 20 $ 1,503,000 $ 75,000 $ 51,000
Meade 1,451 $ 244,711,000 $ 168,000 $ 65,000
Mellette 9 $ 448,000 $ 49,000 $ 59,000
Miner 56 $ 6,898,000 $ 123,000 $ 72,000
Minnehaha 10,622 $ 1,816,022,000 $ 170,000 $ 69,000
Moody 205 $ 24,136,000 $ 117,000 $ 65,000
Pennington 5,631 $ 1,037,620,000 $ 184,000 $ 68,000
Perkins 45 $ 5,842,000 $ 129,000 $ 87,000
Potter 60 $ 6,792,000 $ 113,000 $ 64,000
Roberts 118 $ 16,171,000 $ 137,000 $ 86,000
Sanborn 38 $ 6,126,000 $ 161,000 $ 97,000
Shannon 41 $ 1,222,000 $ 29,000 $ 46,000
Spink 93 $ 13,222,000 $ 142,000 $ 74,000
Stanley 136 $ 49,704,000 $ 365,000 $ 93,000
Sully 51 $ 19,507,000 $ 382,000 $ 118,000
Todd 31 $ 1,799,000 $ 58,000 $ 51,000
Tripp 85 $ 10,103,000 $ 118,000 $ 115,000
Turner 416 $ 62,435,000 $ 150,000 $ 88,000
Union 737 $ 137,279,000 $ 186,000 $ 107,000
Walworth 154 $ 22,058,000 $ 143,000 $ 63,000
Yankton 716 $ 102,828,000 $ 143,000 $ 63,000
Ziebach 8 $ 455,000 $ 56,000 $ 47,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in South Dakota.

If you prefer, you can download a copy of the entire list of mortgage lenders in South Dakota and search similar information back through 2003.

Download the South Dakota Lender List