South Dakota
Mortgage Loan Application
Totals and Details
in 2018

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 2003-2018 in all of South Dakota.
You can organize this information by metropolitan area and by county.

Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 32,027
Total Mortgage Loan Application Amount $5,669,025,000
Average Mortgage Loan Application Amount $177,000
Highest Mortgage Loan Application Amount $24,165,000
Average Applicant Income $96,000
Highest Applicant Income $9,700,000

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 2018

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 18,437 $3,677,515,000 $199,000 $24,165,000 $92,000 $2,300,000
Cash-out Refinancing 5,439 $931,575,000 $171,000 $1,205,000 $85,000 $5,822,000
Refinancing 4,454 $770,250,000 $172,000 $9,005,000 $113,000 $3,567,000
Home Improvement 1,771 $116,255,000 $65,000 $915,000 $102,000 $4,692,000
Other Purpose 1,542 $126,240,000 $81,000 $1,865,000 $116,000 $9,700,000
Not Applicable 384 $47,190,000 $122,000 $935,000 $98,000 $299,000

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 24,851 $4,237,755,000 $170,000 $2,355,000 $95,000 $9,700,000
Not applicable 3,275 $788,295,000 $240,000 $24,165,000 $105,000 $834,000
Not Provided 2,243 $371,775,000 $165,000 $1,455,000 $97,000 $5,822,000
Hispanic 584 $93,790,000 $160,000 $595,000 $78,000 $534,000
American Indian or Alaskan Native 443 $63,465,000 $143,000 $515,000 $158,000 $3,567,000
Black or African American 289 $50,325,000 $174,000 $615,000 $88,000 $1,789,000
Asian 269 $52,025,000 $193,000 $1,655,000 $105,000 $1,000,000
Native Hawaiian or Other Pacific Islander 30 $4,920,000 $164,000 $275,000 $74,000 $240,000

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) 22,927 $3,995,165,000 $174,000 $9,655,000 $104,000 $9,700,000
FHA-insured (Federal Housing Administration) 4,135 $689,855,000 $166,000 $24,165,000 $72,000 $3,567,000
VA-guaranteed (Veterans Administration) 3,504 $774,430,000 $221,000 $1,165,000 $82,000 $5,822,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,461 $209,575,000 $143,000 $395,000 $53,000 $145,000

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 18,877 $3,394,555,000 $179,000 $24,165,000 $100,000 $4,692,000
Loan Purchased By The Institution 5,136 $1,041,700,000 $202,000 $1,275,000 $99,000 $1,322,000
Application Denied By Financial Institution 3,569 $446,685,000 $125,000 $4,185,000 $72,000 $9,700,000
Application Withdrawn By Applicant 3,373 $616,105,000 $182,000 $1,865,000 $95,000 $2,400,000
File Closed For Incompleteness 536 $81,630,000 $152,000 $755,000 $108,000 $5,822,000
Application Approved But Not Accepted 535 $88,215,000 $164,000 $2,015,000 $96,000 $918,000
Preapproval Denied by Financial Institution 1 $135,000 $135,000 $135,000 $54,000 $54,000
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
Not applicable 27,306 $5,008,910,000 $183,000 $24,165,000 $99,000 $5,822,000
Debt-To-Income Ratio 2,294 $373,990,000 $163,000 $5,195,000 $81,000 $1,789,000
Credit History 1,092 $104,760,000 $95,000 $1,265,000 $70,000 $884,000
Collateral 552 $68,070,000 $123,000 $735,000 $85,000 $1,000,000
Other 278 $38,630,000 $138,000 $1,305,000 $77,000 $633,000
Credit Application Incomplete 269 $42,025,000 $156,000 $635,000 $69,000 $500,000
Unverifiable Information 112 $15,620,000 $139,000 $865,000 $191,000 $9,700,000
Insufficient Cash (Downpayment, Closing Cost) 67 $9,505,000 $141,000 $845,000 $65,000 $298,000
Employment History 57 $7,515,000 $131,000 $285,000 $53,000 $313,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
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Mortgage Loan Application Totals in 2018 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 6,605 $ 1,281,335,000 $ 193,000 $ 90,000
SIOUX FALLS, SD 13,291 $ 2,477,075,000 $ 186,000 $ 100,000
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Mortgage Loan Application Totals in 2018 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 $ 6,230,000 $ 129,000 $ 85,000
Beadle 273 $ 39,245,000 $ 143,000 $ 79,000
Bennett 31 $ 3,855,000 $ 124,000 $ 68,000
Bon Homme 115 $ 12,555,000 $ 109,000 $ 59,000
Brookings 848 $ 152,680,000 $ 180,000 $ 93,000
Brown 1,234 $ 187,380,000 $ 151,000 $ 98,000
Brule 121 $ 13,145,000 $ 108,000 $ 74,000
Buffalo 1 $ 75,000 $ 75,000 $ 54,000
Butte 392 $ 59,320,000 $ 151,000 $ 75,000
Campbell 27 $ 3,775,000 $ 139,000 $ 90,000
Charles Mix 99 $ 14,155,000 $ 142,000 $ 83,000
Clark 81 $ 9,545,000 $ 117,000 $ 71,000
Clay 383 $ 63,075,000 $ 164,000 $ 89,000
Codington 1,124 $ 179,010,000 $ 159,000 $ 87,000
Corson 14 $ 1,060,000 $ 75,000 $ 92,000
Custer 464 $ 88,600,000 $ 190,000 $ 105,000
Davison 642 $ 90,000,000 $ 140,000 $ 80,000
Day 137 $ 16,135,000 $ 117,000 $ 97,000
Deuel 122 $ 13,500,000 $ 110,000 $ 67,000
Dewey 17 $ 1,685,000 $ 99,000 $ 64,000
Douglas 51 $ 5,855,000 $ 114,000 $ 71,000
Edmunds 67 $ 8,295,000 $ 123,000 $ 78,000
Fall River 299 $ 42,545,000 $ 142,000 $ 76,000
Faulk 30 $ 3,380,000 $ 112,000 $ 77,000
Grant 210 $ 24,600,000 $ 117,000 $ 66,000
Gregory 54 $ 5,220,000 $ 96,000 $ 82,000
Haakon 43 $ 5,675,000 $ 131,000 $ 89,000
Hamlin 231 $ 35,125,000 $ 152,000 $ 99,000
Hand 49 $ 7,105,000 $ 145,000 $ 73,000
Hanson 99 $ 12,415,000 $ 125,000 $ 70,000
Harding 11 $ 1,235,000 $ 112,000 $ 91,000
Hughes 634 $ 119,600,000 $ 188,000 $ 88,000
Hutchinson 115 $ 12,245,000 $ 106,000 $ 91,000
Hyde 22 $ 2,060,000 $ 93,000 $ 59,000
Jackson 18 $ 2,000,000 $ 111,000 $ 51,000
Jerauld 31 $ 3,445,000 $ 111,000 $ 74,000
Jones 15 $ 1,095,000 $ 73,000 $ 47,000
Kingsbury 124 $ 19,510,000 $ 157,000 $ 93,000
Lake 394 $ 64,630,000 $ 164,000 $ 99,000
Lawrence 1,301 $ 255,885,000 $ 196,000 $ 107,000
Lincoln 3,548 $ 756,910,000 $ 213,000 $ 120,000
Lyman 37 $ 4,115,000 $ 111,000 $ 100,000
Marshall 80 $ 10,400,000 $ 130,000 $ 140,000
McCook 177 $ 26,545,000 $ 149,000 $ 77,000
McPherson 35 $ 2,455,000 $ 70,000 $ 61,000
Meade 1,264 $ 239,220,000 $ 189,000 $ 81,000
Mellette 7 $ 825,000 $ 117,000 $ 87,000
Miner 30 $ 2,790,000 $ 93,000 $ 62,000
Minnehaha 9,208 $ 1,641,870,000 $ 178,000 $ 93,000
Moody 183 $ 24,475,000 $ 133,000 $ 80,000
Pennington 4,885 $ 954,265,000 $ 195,000 $ 91,000
Perkins 25 $ 2,785,000 $ 111,000 $ 69,000
Potter 71 $ 10,265,000 $ 144,000 $ 97,000
Roberts 143 $ 18,395,000 $ 128,000 $ 336,000
Sanborn 35 $ 4,175,000 $ 119,000 $ 64,000
Shannon n/a $ n/a $ n/a $ n/a
Spink 99 $ 9,585,000 $ 96,000 $ 64,000
Stanley 125 $ 24,615,000 $ 196,000 $ 100,000
Sully 47 $ 6,125,000 $ 130,000 $ 82,000
Todd 26 $ 1,810,000 $ 69,000 $ 51,000
Tripp 62 $ 6,770,000 $ 109,000 $ 61,000
Turner 381 $ 54,335,000 $ 142,000 $ 82,000
Union 766 $ 154,320,000 $ 201,000 $ 128,000
Walworth 148 $ 16,980,000 $ 114,000 $ 77,000
Yankton 651 $ 105,885,000 $ 162,000 $ 89,000
Ziebach 8 $ 690,000 $ 86,000 $ 50,000

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