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investment property refinance lenders · HMDA 2023–2025

Investment property refinance lenders in South Dakota

Fat Boy Data analyzed investment property refinance activity in South Dakota to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 289 applications were decided by 71 lenders between 2023 and 2025.

South Dakota at a glance

71Active lenders2 with 20+ decisions
91.3%Market approval rate264 of 289 decided
$175KTypical loanmedian lender, $10K brackets
98%Borrower take-up258 loans funded

How South Dakota compares

Approval rate compared
South Dakota91.3%All 616 counties77.7%
Typical loan compared
South Dakota$175KAll 616 counties$235K

What the data shows

First PREMIER Bank made the most investment property refinances in South Dakota, 29 of them.

The First National Bank in Sioux Falls approved the highest share of applications among lenders with at least 20 decisions here, 100% of 21.

Lenders approved 91.3% of investment property refinance applications in South Dakota, 13.6 percentage points above the the United States rate of 77.7%.

The typical investment property refinance here is $175K, 26% smaller than the the United States typical of $235K.

Investment property refinance lenders in South Dakota

LenderApprovalApprovedTaken upTypical loanLoans made
1First PREMIER Bank97%30 / 3197%$185K29
2The First National Bank in Sioux Falls100%21 / 21100%$145K21
3First Bank & TrustLimited sample94%15 / 16100%$125K15
4CorTrust Bank National AssociationLimited sample92%12 / 13100%$205K12
5Black Hills Federal Credit UnionLimited sample85%11 / 13100%$225K11

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 66 more lenders.

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Other lending data for South Dakota

Counties in South Dakota