South Dakota
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Discover comprehensive South Dakota mortgage statistics and HMDA loan application data from 2003 to 2023.
Explore detailed insights into the total number of mortgage applications, loan amounts, and lending trends across the state.
Our interactive lists allow you to analyze mortgage data by county and metropolitan area, helping you track regional lending patterns.

Need in-depth lender data?
Easily download a formatted spreadsheet containing aggregated HMDA statistics for all South Dakota based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into South Dakota's mortgage market trends.

Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 24,108
Total Mortgage Loan Application Amount $5,994,860,000
Average Mortgage Loan Application Amount $248,000
Highest Mortgage Loan Application Amount $56,505,000
Average Applicant Income $125,000
Highest Applicant Income $8,441,000

Explore comprehensive HMDA mortgage statistics and application trends for 2023 in South Dakota. Below, you'll find key insights, including total mortgage applications, average loan amounts, highest application amounts, and the income levels of top applicants. If you're researching mortgage and loan application data in South Dakota, these statistics will help you understand market trends and lending patterns as you navigate the mortgage process.

Our HMDA dataset allows you to analyze mortgage loan applications for 2023 across various categories, including loan purpose, applicant race, loan type, application outcomes, and reasons for denial. These detailed breakdowns provide valuable insights into borrower demographics and lender activity, making them an essential resource for homebuyers, real estate professionals, and industry analysts.

Each category highlights the total number of mortgage applications, total loan amounts, average mortgage sizes, and the highest loan amounts within each segment. You can also explore borrower income data, including average applicant income and the highest reported incomes for mortgage applicants. Whether you're evaluating lender performance, researching loan approval trends, or comparing mortgage options, this HMDA-backed data offers a valuable snapshot of the mortgage landscape in South Dakota.

Download the South Dakota Lender List

Mortgage Loan Application Detail Totals for South Dakota in 2023

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 14,165 $4,302,525,000 $303,000 $35,805,000 $127,000 $6,302,000
Cash-out Refinancing 3,270 $625,750,000 $191,000 $2,375,000 $101,000 $1,482,000
Home Improvement 2,360 $191,610,000 $81,000 $1,255,000 $129,000 $8,441,000
Refinancing 2,239 $688,065,000 $307,000 $56,505,000 $150,000 $3,528,000
Other Purpose 2,039 $183,785,000 $90,000 $1,425,000 $125,000 $3,656,000
Not Applicable 35 $3,125,000 $89,000 $315,000 $84,000 $136,000

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 17,713 $3,836,215,000 $216,000 $2,975,000 $124,000 $8,441,000
Not applicable 2,367 $1,293,695,000 $546,000 $56,505,000 $132,000 $1,119,000
Not Provided 2,261 $483,485,000 $213,000 $1,815,000 $124,000 $3,461,000
Hispanic 660 $137,080,000 $207,000 $1,275,000 $103,000 $843,000
American Indian or Alaskan Native 415 $75,505,000 $181,000 $975,000 $214,000 $6,302,000
Black or African American 339 $76,745,000 $226,000 $725,000 $111,000 $1,200,000
Asian 260 $65,160,000 $250,000 $815,000 $148,000 $1,036,000
Native Hawaiian or Other Pacific Islander 23 $5,695,000 $247,000 $705,000 $111,000 $251,000

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) 18,228 $4,416,380,000 $242,000 $56,505,000 $133,000 $8,441,000
FHA-insured (Federal Housing Administration) 3,213 $775,815,000 $241,000 $17,425,000 $98,000 $6,302,000
VA-guaranteed (Veterans Administration) 2,312 $739,150,000 $319,000 $1,255,000 $104,000 $1,089,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 355 $63,515,000 $178,000 $555,000 $70,000 $169,000

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 14,876 $3,832,440,000 $257,000 $56,505,000 $133,000 $8,441,000
Application Withdrawn By Applicant 3,153 $847,875,000 $268,000 $14,005,000 $126,000 $6,302,000
Application Denied By Financial Institution 2,746 $489,150,000 $178,000 $19,965,000 $88,000 $1,459,000
Loan Purchased By The Institution 2,159 $619,325,000 $286,000 $1,245,000 $128,000 $1,119,000
File Closed For Incompleteness 706 $116,230,000 $164,000 $1,265,000 $107,000 $1,547,000
Application Approved But Not Accepted 454 $85,590,000 $188,000 $1,375,000 $119,000 $1,397,000
Preapproval Denied by Financial Institution 8 $2,220,000 $277,000 $645,000 $64,000 $151,000
Preapproval Approved but not Accepted 6 $2,030,000 $338,000 $715,000 $111,000 $221,000

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 20,531 $5,220,745,000 $254,000 $56,505,000 $131,000 $8,441,000
Debt-To-Income Ratio 1,843 $492,685,000 $267,000 $38,405,000 $95,000 $1,236,000
Credit History 834 $99,340,000 $119,000 $1,365,000 $89,000 $1,459,000
Collateral 367 $88,285,000 $240,000 $17,425,000 $109,000 $1,212,000
Credit Application Incomplete 176 $32,300,000 $183,000 $1,125,000 $124,000 $1,352,000
Other 174 $25,930,000 $149,000 $725,000 $112,000 $613,000
Unverifiable Information 75 $15,925,000 $212,000 $1,205,000 $87,000 $478,000
Insufficient Cash (Downpayment, Closing Cost) 67 $11,385,000 $169,000 $525,000 $77,000 $613,000
Employment History 40 $8,200,000 $205,000 $485,000 $77,000 $296,000
Mortgage Insurance Denied 1 $65,000 $65,000 $65,000 $43,000 $43,000
Download the South Dakota Lender List

Mortgage Loan Application Totals in 2023 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 4,555 $ 1,260,895,000 $ 276,000 $ 118,000
SIOUX FALLS, SD 10,063 $ 2,715,105,000 $ 269,000 $ 130,000
Download the South Dakota Lender List

Mortgage Loan Application Totals in 2023 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 35 $ 5,405,000 $ 154,000 $ 80,000
Beadle 257 $ 54,695,000 $ 212,000 $ 108,000
Bennett 22 $ 2,130,000 $ 96,000 $ 71,000
Bon Homme 111 $ 15,595,000 $ 140,000 $ 89,000
Brookings 643 $ 133,735,000 $ 207,000 $ 118,000
Brown 701 $ 134,815,000 $ 192,000 $ 103,000
Brule 117 $ 21,275,000 $ 181,000 $ 99,000
Buffalo 3 $ 325,000 $ 108,000 $ 152,000
Butte 346 $ 74,280,000 $ 214,000 $ 112,000
Campbell 10 $ 1,280,000 $ 128,000 $ 162,000
Charles Mix 71 $ 16,745,000 $ 235,000 $ 123,000
Clark 68 $ 9,800,000 $ 144,000 $ 82,000
Clay 348 $ 57,850,000 $ 166,000 $ 102,000
Codington 693 $ 152,845,000 $ 220,000 $ 119,000
Corson 3 $ 585,000 $ 195,000 $ 114,000
Custer 324 $ 96,590,000 $ 298,000 $ 137,000
Davison 468 $ 90,800,000 $ 194,000 $ 117,000
Day 103 $ 16,995,000 $ 165,000 $ 120,000
Deuel 103 $ 17,275,000 $ 167,000 $ 92,000
Dewey 15 $ 1,765,000 $ 117,000 $ 85,000
Douglas 44 $ 5,630,000 $ 127,000 $ 86,000
Edmunds 69 $ 12,375,000 $ 179,000 $ 98,000
Fall River 290 $ 59,670,000 $ 205,000 $ 98,000
Faulk 16 $ 1,420,000 $ 88,000 $ 100,000
Grant 194 $ 34,920,000 $ 180,000 $ 95,000
Gregory 65 $ 12,505,000 $ 192,000 $ 99,000
Haakon 23 $ 4,785,000 $ 208,000 $ 107,000
Hamlin 203 $ 41,035,000 $ 202,000 $ 129,000
Hand 72 $ 11,990,000 $ 166,000 $ 87,000
Hanson 72 $ 14,960,000 $ 207,000 $ 103,000
Harding 18 $ 2,250,000 $ 125,000 $ 111,000
Hughes 436 $ 97,050,000 $ 222,000 $ 107,000
Hutchinson 161 $ 25,545,000 $ 158,000 $ 95,000
Hyde 32 $ 4,340,000 $ 135,000 $ 100,000
Jackson 25 $ 5,075,000 $ 203,000 $ 89,000
Jerauld 26 $ 3,550,000 $ 136,000 $ 68,000
Jones 10 $ 2,270,000 $ 227,000 $ 95,000
Kingsbury 110 $ 19,810,000 $ 180,000 $ 134,000
Lake 337 $ 67,805,000 $ 201,000 $ 133,000
Lawrence 923 $ 284,065,000 $ 307,000 $ 166,000
Lincoln 2,818 $ 855,090,000 $ 303,000 $ 151,000
Lyman 37 $ 6,425,000 $ 173,000 $ 105,000
Marshall 48 $ 8,860,000 $ 184,000 $ 102,000
McCook 169 $ 32,335,000 $ 191,000 $ 106,000
McPherson 31 $ 3,545,000 $ 114,000 $ 88,000
Meade 996 $ 244,460,000 $ 245,000 $ 111,000
Mellette 2 $ 820,000 $ 410,000 $ 128,000
Miner 34 $ 4,320,000 $ 127,000 $ 85,000
Minnehaha 6,792 $ 1,773,480,000 $ 261,000 $ 123,000
Moody 155 $ 28,665,000 $ 184,000 $ 104,000
Pennington 3,559 $ 1,016,435,000 $ 285,000 $ 120,000
Perkins 33 $ 3,965,000 $ 120,000 $ 80,000
Potter 32 $ 3,230,000 $ 100,000 $ 73,000
Roberts 134 $ 19,360,000 $ 144,000 $ 473,000
Sanborn 27 $ 3,265,000 $ 120,000 $ 79,000
Shannon n/a $ n/a $ n/a $ n/a
Spink 90 $ 12,210,000 $ 135,000 $ 108,000
Stanley 86 $ 20,510,000 $ 238,000 $ 141,000
Sully 31 $ 6,875,000 $ 221,000 $ 189,000
Todd 9 $ 1,075,000 $ 119,000 $ 59,000
Tripp 37 $ 6,545,000 $ 176,000 $ 100,000
Turner 284 $ 54,200,000 $ 190,000 $ 97,000
Union 539 $ 141,515,000 $ 262,000 $ 163,000
Walworth 86 $ 10,330,000 $ 120,000 $ 90,000
Yankton 502 $ 120,100,000 $ 239,000 $ 102,000
Ziebach 2 $ 360,000 $ 180,000 $ 43,000

Our comprehensive HMDA mortgage statistics offer invaluable insights into South Dakota's 2023 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.

This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively. Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of South Dakota's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.

Download the South Dakota Lender List