Black Hills Federal Credit Union mortgage approval rate & lending review
Black Hills Federal Credit Union decided 1,692 mortgage applications and funded 1,295 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Black Hills Federal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Black Hills Federal Credit Union at a glance
Approval is 7.0 points above the 74.2% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 89% | 451 / 507 | 94% | $275K | 424 |
| Home improvement loans | 79% | 488 / 618 | 93% | $55K | 454 |
| Cash-out refinance | 69% | 102 / 147 | 95% | $235K | 97 |
| Refinance | 77% | 256 / 331 | 96% | $105K | 247 |
| Investment property purchase | 93% | 41 / 44 | 95% | $225K | 39 |
Black Hills Federal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| South Dakota | 81% | $105K | 1,620 | 1,244 |
| Montana | 62% | $85K | 29 | 16 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Black Hills Federal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Pennington County, SD | Home improvement loans | 81% | 531 | 396 |
| Pennington County, SD | Mortgage lenders | 87% | 399 | 324 |
| Pennington County, SD | Refinance | 78% | 291 | 220 |
| Pennington County, SD | Cash-out refinance | 72% | 122 | 84 |
| Minnehaha County, SD | Mortgage lenders | 95% | 78 | 72 |
| Minnehaha County, SD | Home improvement loans | 70% | 69 | 47 |
| Pennington County, SD | Investment property purchase | 94% | 34 | 30 |
| Minnehaha County, SD | Refinance | 81% | 31 | 24 |
The county markets where Black Hills Federal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Black Hills Federal Credit Union
What is Black Hills Federal Credit Union's mortgage approval rate?
Black Hills Federal Credit Union approved 81.1% of the 1,692 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.0 points above the 74.2% national rate for the same mix of loan types.
How often do borrowers take the loan Black Hills Federal Credit Union offers?
Borrowers accepted 94% of the loans Black Hills Federal Credit Union approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Black Hills Federal Credit Union make?
The typical home improvement loan loan Black Hills Federal Credit Union made was $55K; across all loan types its typical loan ran from $55K to $275K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Black Hills Federal Credit Union lend?
Black Hills Federal Credit Union decided applications in 22 of the states Fat Boy Data covers, most of them in South Dakota, Montana and Arizona.
Can I apply to Black Hills Federal Credit Union directly?
Yes. Black Hills Federal Credit Union is a bank or credit union with 20 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Black Hills Federal Credit Union's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Black Hills Federal Credit Union treats applications, then get a rate quote from the lender.