Today's South Dakota (SD) Mortgage Rates

South Dakota (SD) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 211,557
Loan purchased by the institution: 67,036
Application denied by financial institution: 49,719
Application withdrawn by applicant: 27,221
Application approved but not accepted: 21,190
File closed for incompleteness: 5,519
Preapproval request denied by financial institution: 1

Purpose of Loans

Refinancing: 207,024
Home purchase: 146,959
Home improvement: 28,260

Mortgage Types

Conventional: 285,812
FHA-insured: 53,852
VA-guaranteed: 24,850
FSA/RHS-guaranteed: 17,729

Mortage Actions by Applicant Race

White: 310,910
Not applicable: 42,819
Information not provided by applicant in mail, Internet, or telephone application: 19,662
American Indian or Alaska Native: 4,306
Asian: 2,106
Black or African American: 1,883
Native Hawaiian or Other Pacific Islander: 557

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 314,205
Not applicable: 42,882
Information not provided by applicant in mail, Internet, or telephone application: 20,883
Hispanic or Latino: 4,273

Mortage Actions by Applicant Sex

Male: 242,243
Female: 82,262
Not applicable: 42,829
Information not provided by applicant in mail, Internet, or telephone application: 14,909

Mortage Actions by Agency Name

Office of the Comptroller of the Currency: 112,319
Consumer Financial Protection Bureau: 66,506
Federal Deposit Insurance Corporation: 58,477
Department of Housing and Urban Development: 51,139
Federal Reserve System: 43,363
National Credit Union Administration: 29,503
Office of Thrift Supervision: 20,936

Mortage Actions by County

Mortage Actions by City

Sioux Falls – SD: 155,992
Unknown: 145,034
Rapid City – SD: 72,681
Sioux City – IA, NE, SD: 8,536

Mortage Denial Reasons

Unknown: 348,444
Credit history: 10,235
Debt-to-income ratio: 8,127
Collateral: 7,556
Other: 3,195
Credit application incomplete: 2,681
Unverifiable information: 943
Insufficient cash (downpayment, closing costs): 525
Employment history: 499
Mortgage insurance denied: 38

HOEPA Status of Mortage Loans

Not a HOEPA loan: 381,181
HOEPA loan: 1,062

Lien Status of Mortage Loans

Secured by a first lien: 284,596
Not applicable: 67,036
Secured by a subordinate lien: 23,722
Not secured by a lien: 6,889

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 352,567
Not owner-occupied as a principal dwelling: 27,324
Not applicable: 2,352

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 367,598
Manufactured housing: 13,013
Multifamily dwelling: 1,632

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 176,571
Fannie Mae (FNMA): 62,653
Ginnie Mae (GNMA): 33,768
Other type of purchaser: 26,782
Freddie Mac (FHLMC): 26,625
Life insurance company, credit union, mortgage bank, or finance company: 25,916
Commercial bank, savings bank or savings association: 21,298
Affiliate institution: 7,721
Private securitization: 852
Farmer Mac (FAMC): 57