Dacotah Bank mortgage approval rate & lending review
Dacotah Bank decided 316 mortgage applications and funded 280 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Dacotah Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Dacotah Bank at a glance
Approval is 11.7 points above the 83.6% 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 | 98% | 188 / 191 | 93% | $305K | 175 |
| Home improvement loans | 81% | 22 / 27 | 91% | $35K | 20 |
| Investment property purchase | 98% | 55 / 56 | 93% | $205K | 51 |
Dacotah Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| South Dakota | 94% | $305K | 238 | 205 |
| North Dakota | 100% | $305K | 46 | 46 |
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 Dacotah Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Pennington County, SD | Mortgage lenders | 99% | 72 | 60 |
| Minnehaha County, SD | Mortgage lenders | 97% | 63 | 59 |
| Pennington County, SD | Investment property purchase | 96% | 26 | 24 |
| Minnehaha County, SD | Home improvement loans | 85% | 20 | 17 |
The county markets where Dacotah Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Dacotah Bank
What is Dacotah Bank's mortgage approval rate?
Dacotah Bank approved 95.3% of the 316 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 11.7 points above the 83.6% national rate for the same mix of loan types.
How often do borrowers take the loan Dacotah Bank offers?
Borrowers accepted 93% of the loans Dacotah Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Dacotah Bank make?
The typical home purchase mortgage loan Dacotah Bank made was $305K; across all loan types its typical loan ran from $35K to $305K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Dacotah Bank lend?
Dacotah Bank decided applications in 15 of the states Fat Boy Data covers, most of them in South Dakota, North Dakota and Minnesota.
Can I apply to Dacotah Bank directly?
Yes. Dacotah Bank is a bank or credit union with 32 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Dacotah Bank'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 Dacotah Bank treats applications, then get a rate quote from the lender.