South Dakota
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for South Dakota.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of South Dakota.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 33,167
Total Mortgage Loan Application Amount $6,082,786,000
Average Mortgage Loan Application Amount $183,000
Highest Mortgage Loan Application Amount $21,399,000
Average Applicant Income $79,000
Highest Applicant Income $9,999,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending 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 are also able to 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 2017

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 19,193 $3,743,326,000 $195,000 $21,399,000 $74,000 $4,414,000
Refinancing 11,570 $2,088,077,000 $180,000 $13,588,000 $85,000 $9,999,000
Home Improvement 2,404 $251,383,000 $104,000 $3,500,000 $82,000 $1,366,000

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 23,998 $4,183,770,000 $174,000 $8,785,000 $90,000 $9,999,000
Not applicable 5,685 $1,343,625,000 $236,000 $21,399,000 $14,000 $1,059,000
Not Provided 1,836 $299,946,000 $163,000 $3,200,000 $83,000 $1,082,000
Hispanic 610 $91,702,000 $150,000 $823,000 $74,000 $685,000
American Indian or Alaskan Native 452 $57,071,000 $126,000 $676,000 $246,000 $3,567,000
Asian 274 $54,366,000 $198,000 $2,030,000 $100,000 $966,000
Black or African American 252 $41,585,000 $165,000 $424,000 $69,000 $611,000
Native Hawaiin or Other Pacific Islander 60 $10,721,000 $178,000 $440,000 $86,000 $360,000

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) 22,555 $4,213,194,000 $186,000 $21,399,000 $89,000 $9,999,000
FHA-insured (Federal Housing Administration) 4,663 $741,582,000 $159,000 $529,000 $64,000 $3,567,000
VA-guaranteed (Veterans Administration) 4,056 $856,769,000 $211,000 $1,000,000 $58,000 $587,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,893 $271,241,000 $143,000 $1,400,000 $39,000 $2,154,000

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 18,871 $3,590,961,000 $190,000 $21,399,000 $93,000 $4,414,000
Loan Purchased By The Institution 6,200 $1,192,812,000 $192,000 $1,010,000 $32,000 $1,059,000
Application Denied By Financial Institution 3,308 $473,670,000 $143,000 $4,170,000 $68,000 $2,412,000
Application Withdrawn By Applicant 2,638 $467,638,000 $177,000 $3,200,000 $89,000 $9,999,000
Application Approved But Not Accepted 1,602 $279,046,000 $174,000 $2,600,000 $94,000 $2,072,000
File Closed For Incompleteness 547 $78,490,000 $143,000 $740,000 $68,000 $640,000
Preapproval Approved but not Accepted 1 $169,000 $169,000 $169,000 $40,000 $40,000
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
Debt-To-Income Ratio 555 $90,643,000 $163,000 $4,170,000 $64,000 $2,154,000
Credit History 506 $50,229,000 $99,000 $607,000 $64,000 $480,000
Collateral 325 $56,157,000 $172,000 $2,633,000 $100,000 $2,412,000
Credit Application Incomplete 172 $26,973,000 $156,000 $470,000 $86,000 $1,440,000
Other 136 $23,352,000 $171,000 $2,150,000 $72,000 $358,000
Unverifiable Information 59 $10,745,000 $182,000 $568,000 $61,000 $279,000
Insufficient Cash (Downpayment, Closing Cost) 42 $7,748,000 $184,000 $900,000 $77,000 $267,000
Employment History 29 $4,521,000 $155,000 $466,000 $51,000 $225,000
Mortgage Insurance Denied 1 $141,000 $141,000 $141,000 $42,000 $42,000
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Mortgage Loan Application Totals in 2017 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 7,098 $ 1,331,970,000 $ 187,000 $ 68,000
SIOUX FALLS, SD 14,109 $ 2,746,534,000 $ 194,000 $ 77,000
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Mortgage Loan Application Totals in 2017 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 45 $ 8,032,000 $ 178,000 $ 100,000
Beadle 286 $ 44,054,000 $ 154,000 $ 89,000
Bennett 40 $ 3,020,000 $ 75,000 $ 68,000
Bon Homme 98 $ 11,915,000 $ 121,000 $ 73,000
Brookings 553 $ 101,909,000 $ 184,000 $ 92,000
Brown 1,138 $ 197,728,000 $ 173,000 $ 79,000
Brule 122 $ 17,885,000 $ 146,000 $ 80,000
Buffalo 5 $ 724,000 $ 144,000 $ 73,000
Butte 384 $ 55,541,000 $ 144,000 $ 59,000
Campbell 17 $ 2,005,000 $ 117,000 $ 87,000
Charles Mix 105 $ 17,016,000 $ 162,000 $ 76,000
Clark 104 $ 15,018,000 $ 144,000 $ 99,000
Clay 368 $ 58,445,000 $ 158,000 $ 71,000
Codington 1,085 $ 181,893,000 $ 167,000 $ 69,000
Corson 29 $ 2,682,000 $ 92,000 $ 119,000
Custer 478 $ 87,755,000 $ 183,000 $ 72,000
Davison 637 $ 97,582,000 $ 153,000 $ 62,000
Day 167 $ 26,742,000 $ 160,000 $ 506,000
Deuel 128 $ 20,410,000 $ 159,000 $ 61,000
Dewey 21 $ 1,737,000 $ 82,000 $ 78,000
Douglas 68 $ 8,042,000 $ 118,000 $ 101,000
Edmunds 82 $ 18,890,000 $ 230,000 $ 92,000
Fall River 262 $ 38,451,000 $ 146,000 $ 77,000
Faulk 34 $ 3,521,000 $ 103,000 $ 68,000
Grant 124 $ 16,320,000 $ 131,000 $ 61,000
Gregory 51 $ 6,123,000 $ 120,000 $ 80,000
Haakon 51 $ 7,195,000 $ 141,000 $ 64,000
Hamlin 235 $ 34,312,000 $ 146,000 $ 66,000
Hand 49 $ 7,506,000 $ 153,000 $ 81,000
Hanson 74 $ 10,658,000 $ 144,000 $ 65,000
Harding 23 $ 3,022,000 $ 131,000 $ 124,000
Hughes 712 $ 124,269,000 $ 174,000 $ 67,000
Hutchinson 137 $ 14,340,000 $ 104,000 $ 52,000
Hyde 28 $ 3,094,000 $ 110,000 $ 42,000
Jackson 24 $ 1,822,000 $ 75,000 $ 150,000
Jerauld 30 $ 17,335,000 $ 577,000 $ 74,000
Jones 14 $ 1,498,000 $ 107,000 $ 65,000
Kingsbury 117 $ 18,466,000 $ 157,000 $ 71,000
Lake 415 $ 75,213,000 $ 181,000 $ 100,000
Lawrence 1,343 $ 271,272,000 $ 201,000 $ 93,000
Lincoln 3,993 $ 887,761,000 $ 222,000 $ 92,000
Lyman 46 $ 6,868,000 $ 149,000 $ 73,000
Marshall 83 $ 12,607,000 $ 151,000 $ 70,000
McCook 202 $ 31,366,000 $ 155,000 $ 90,000
McPherson 19 $ 1,938,000 $ 102,000 $ 96,000
Meade 1,444 $ 266,094,000 $ 184,000 $ 62,000
Mellette 10 $ 1,136,000 $ 113,000 $ 59,000
Miner 37 $ 9,557,000 $ 258,000 $ 70,000
Minnehaha 9,518 $ 1,770,471,000 $ 186,000 $ 71,000
Moody 153 $ 21,848,000 $ 142,000 $ 64,000
Pennington 5,198 $ 982,002,000 $ 188,000 $ 69,000
Perkins 39 $ 5,895,000 $ 151,000 $ 67,000
Potter 52 $ 5,934,000 $ 114,000 $ 63,000
Roberts 116 $ 17,453,000 $ 150,000 $ 99,000
Sanborn 31 $ 4,384,000 $ 141,000 $ 81,000
Shannon n/a $ n/a $ n/a $ n/a
Spink 110 $ 21,827,000 $ 198,000 $ 80,000
Stanley 133 $ 28,026,000 $ 210,000 $ 104,000
Sully 52 $ 7,505,000 $ 144,000 $ 85,000
Todd 36 $ 4,237,000 $ 117,000 $ 92,000
Tripp 60 $ 7,408,000 $ 123,000 $ 99,000
Turner 407 $ 57,768,000 $ 141,000 $ 67,000
Union 758 $ 146,203,000 $ 192,000 $ 111,000
Walworth 121 $ 13,396,000 $ 110,000 $ 80,000
Yankton 785 $ 128,476,000 $ 163,000 $ 70,000
Ziebach 4 $ 293,000 $ 73,000 $ 29,000

We hope these totals and details for mortgage applications 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 SD.

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