South Dakota
Mortgage Loan Application
Totals and Details
in 2019

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 2003-2019 in all of South Dakota.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 38,001
Total Mortgage Loan Application Amount $7,598,245,000
Average Mortgage Loan Application Amount $199,000
Highest Mortgage Loan Application Amount $26,355,000
Average Applicant Income $100,000
Highest Applicant Income $8,779,000

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 2019

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 18,611 $3,904,115,000 $209,000 $16,405,000 $95,000 $3,567,000
Refinancing 8,754 $1,967,540,000 $224,000 $16,645,000 $113,000 $3,567,000
Cash-out Refinancing 7,070 $1,406,990,000 $199,000 $9,095,000 $96,000 $4,147,000
Home Improvement 1,714 $156,730,000 $91,000 $26,355,000 $95,000 $1,945,000
Other Purpose 1,638 $135,950,000 $82,000 $995,000 $110,000 $8,779,000
Not Applicable 214 $26,920,000 $125,000 $445,000 $61,000 $133,000

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 29,339 $5,564,945,000 $189,000 $2,645,000 $99,000 $8,779,000
Not applicable 3,967 $1,189,625,000 $299,000 $26,355,000 $110,000 $3,603,000
Not Provided 2,843 $533,805,000 $187,000 $1,325,000 $98,000 $1,787,000
Hispanic 636 $99,120,000 $155,000 $585,000 $71,000 $714,000
American Indian or Alaskan Native 492 $70,400,000 $143,000 $575,000 $160,000 $3,567,000
Black or African American 359 $69,135,000 $192,000 $765,000 $82,000 $1,098,000
Asian 299 $60,405,000 $202,000 $1,925,000 $118,000 $1,205,000
Native Hawaiian or Other Pacific Islander 21 $3,565,000 $169,000 $555,000 $79,000 $195,000

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) 27,624 $5,490,560,000 $198,000 $16,645,000 $108,000 $8,779,000
VA-guaranteed (Veterans Administration) 4,621 $1,096,175,000 $237,000 $1,025,000 $78,000 $1,011,000
FHA-insured (Federal Housing Administration) 4,501 $826,085,000 $183,000 $26,355,000 $73,000 $3,567,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,255 $185,425,000 $147,000 $375,000 $52,000 $116,000

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 22,519 $4,593,325,000 $203,000 $16,405,000 $105,000 $8,779,000
Loan Purchased By The Institution 5,861 $1,319,805,000 $225,000 $2,355,000 $103,000 $3,603,000
Application Withdrawn By Applicant 4,691 $967,605,000 $206,000 $26,355,000 $96,000 $2,031,000
Application Denied By Financial Institution 3,785 $503,855,000 $133,000 $2,645,000 $71,000 $1,945,000
File Closed For Incompleteness 641 $106,485,000 $166,000 $905,000 $87,000 $1,791,000
Application Approved But Not Accepted 501 $106,655,000 $212,000 $16,645,000 $99,000 $788,000
Preapproval Approved but not Accepted 3 $515,000 $171,000 $305,000 $48,000 $60,000
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
Not applicable 31,880 $6,581,390,000 $206,000 $26,355,000 $103,000 $8,779,000
Debt-To-Income Ratio 3,569 $691,925,000 $193,000 $16,405,000 $88,000 $1,700,000
Credit History 1,124 $121,440,000 $108,000 $655,000 $73,000 $1,945,000
Collateral 548 $70,070,000 $127,000 $2,645,000 $80,000 $475,000
Other 317 $48,355,000 $152,000 $875,000 $87,000 $752,000
Credit Application Incomplete 262 $45,820,000 $174,000 $605,000 $81,000 $500,000
Unverifiable Information 158 $14,030,000 $88,000 $445,000 $80,000 $320,000
Insufficient Cash (Downpayment, Closing Cost) 84 $13,890,000 $165,000 $1,055,000 $95,000 $1,244,000
Employment History 55 $10,655,000 $193,000 $1,925,000 $42,000 $110,000
Mortgage Insurance Denied 4 $670,000 $167,000 $185,000 $43,000 $50,000
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Mortgage Loan Application Totals in 2019 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 6,915 $ 1,476,445,000 $ 213,000 $ 91,000
SIOUX FALLS, SD 17,184 $ 3,721,680,000 $ 216,000 $ 104,000
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Mortgage Loan Application Totals in 2019 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 $ 5,760,000 $ 120,000 $ 60,000
Beadle 302 $ 45,590,000 $ 150,000 $ 83,000
Bennett 23 $ 2,155,000 $ 93,000 $ 59,000
Bon Homme 130 $ 15,360,000 $ 118,000 $ 72,000
Brookings 949 $ 178,785,000 $ 188,000 $ 101,000
Brown 1,297 $ 221,095,000 $ 170,000 $ 96,000
Brule 146 $ 17,390,000 $ 119,000 $ 75,000
Buffalo 4 $ 380,000 $ 95,000 $ 78,000
Butte 434 $ 71,350,000 $ 164,000 $ 77,000
Campbell 29 $ 4,375,000 $ 150,000 $ 75,000
Charles Mix 114 $ 17,810,000 $ 156,000 $ 91,000
Clark 82 $ 9,730,000 $ 118,000 $ 68,000
Clay 442 $ 72,210,000 $ 163,000 $ 84,000
Codington 1,351 $ 242,395,000 $ 179,000 $ 88,000
Corson 13 $ 925,000 $ 71,000 $ 69,000
Custer 469 $ 92,015,000 $ 196,000 $ 89,000
Davison 720 $ 112,660,000 $ 156,000 $ 85,000
Day 143 $ 20,935,000 $ 146,000 $ 111,000
Deuel 104 $ 15,410,000 $ 148,000 $ 93,000
Dewey 25 $ 2,545,000 $ 101,000 $ 82,000
Douglas 60 $ 8,190,000 $ 136,000 $ 81,000
Edmunds 79 $ 13,975,000 $ 176,000 $ 113,000
Fall River 313 $ 45,305,000 $ 144,000 $ 69,000
Faulk 36 $ 5,050,000 $ 140,000 $ 85,000
Grant 230 $ 32,710,000 $ 142,000 $ 87,000
Gregory 67 $ 9,055,000 $ 135,000 $ 84,000
Haakon 34 $ 4,440,000 $ 130,000 $ 76,000
Hamlin 288 $ 52,370,000 $ 181,000 $ 118,000
Hand 48 $ 7,870,000 $ 163,000 $ 75,000
Hanson 102 $ 15,620,000 $ 153,000 $ 78,000
Harding 19 $ 2,375,000 $ 125,000 $ 71,000
Hughes 705 $ 133,085,000 $ 188,000 $ 86,000
Hutchinson 158 $ 19,490,000 $ 123,000 $ 72,000
Hyde 13 $ 1,505,000 $ 115,000 $ 80,000
Jackson 18 $ 1,970,000 $ 109,000 $ 61,000
Jerauld 23 $ 2,885,000 $ 125,000 $ 147,000
Jones 8 $ 950,000 $ 118,000 $ 76,000
Kingsbury 131 $ 18,265,000 $ 139,000 $ 74,000
Lake 424 $ 80,960,000 $ 190,000 $ 133,000
Lawrence 1,382 $ 302,260,000 $ 218,000 $ 114,000
Lincoln 4,754 $ 1,204,740,000 $ 253,000 $ 124,000
Lyman 54 $ 5,930,000 $ 109,000 $ 74,000
Marshall 64 $ 8,400,000 $ 131,000 $ 88,000
McCook 248 $ 43,660,000 $ 176,000 $ 87,000
McPherson 33 $ 2,935,000 $ 88,000 $ 63,000
Meade 1,554 $ 322,930,000 $ 207,000 $ 84,000
Mellette 8 $ 1,300,000 $ 162,000 $ 95,000
Miner 47 $ 4,715,000 $ 100,000 $ 62,000
Minnehaha 11,788 $ 2,406,200,000 $ 204,000 $ 97,000
Moody 196 $ 29,720,000 $ 151,000 $ 81,000
Pennington 5,365 $ 1,153,775,000 $ 215,000 $ 93,000
Perkins 42 $ 4,230,000 $ 100,000 $ 64,000
Potter 69 $ 7,285,000 $ 105,000 $ 76,000
Roberts 156 $ 21,210,000 $ 135,000 $ 363,000
Sanborn 49 $ 5,625,000 $ 114,000 $ 66,000
Shannon n/a $ n/a $ n/a $ n/a
Spink 104 $ 12,950,000 $ 124,000 $ 72,000
Stanley 140 $ 27,510,000 $ 196,000 $ 128,000
Sully 57 $ 8,835,000 $ 155,000 $ 106,000
Todd 17 $ 1,395,000 $ 82,000 $ 79,000
Tripp 72 $ 9,560,000 $ 132,000 $ 84,000
Turner 408 $ 68,110,000 $ 166,000 $ 83,000
Union 840 $ 180,080,000 $ 214,000 $ 130,000
Walworth 138 $ 17,560,000 $ 127,000 $ 94,000
Yankton 815 $ 140,365,000 $ 172,000 $ 89,000
Ziebach 3 $ 295,000 $ 98,000 $ 118,000

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