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refinance lenders · HMDA 2023–2025

Refinance lenders in South Dakota

Fat Boy Data analyzed mortgage 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. 2,618 applications were decided by 136 lenders between 2023 and 2025.

South Dakota at a glance

136Active lenders22 with 20+ decisions
82.4%Market approval rate2,157 of 2,618 decided
$215KTypical loanmedian lender, $10K brackets
96%Borrower take-up2,060 loans funded

How South Dakota compares

Approval rate compared
South Dakota82.4%All 616 counties76.5%
Typical loan compared
South Dakota$215KAll 616 counties$295K

What the data shows

Black Hills Federal Credit Union made the most mortgage refinances in South Dakota, 244 of them.

CorTrust Bank National Association approved the highest share of applications among lenders with at least 20 decisions here, 99% of 94.

Lenders approved 82.4% of mortgage refinance applications in South Dakota, 5.9 percentage points above the the United States rate of 76.5%.

The typical mortgage refinance here is $215K, 27% smaller than the the United States typical of $295K.

Approval rate of all 22 lenders with 20+ decisions here
0%25%50%75%100%Discover Bank: 30% approved of 66Mortgage Research Center, LLC: 58% approved of 59Lakeview Loan Servicing, LLC: 60% approved of 67Newrez LLC: 66% approved of 41Service First Federal Credit Union: 72% approved of 50Black Hills Federal Credit Union: 78% approved of 322Fairway Independent Mortgage Corporation: 78% approved of 23First Interstate Bank: 83% approved of 115First Bank & Trust: 84% approved of 116First PREMIER Bank: 84% approved of 254U.S. Bank National Association: 84% approved of 63Plains Commerce Bank: 85% approved of 217Rocket Mortgage, LLC: 88% approved of 108United Wholesale Mortgage, LLC: 88% approved of 109Reliabank Dakota: 90% approved of 21Pennymac Loan Services, LLC: 93% approved of 28Central Bank: 94% approved of 31Cmg Mortgage, Inc.: 94% approved of 79First International Bank & Trust: 95% approved of 55Freedom Mortgage Corporation: 98% approved of 106First Dakota National Bank: 98% approved of 64CorTrust Bank National Association: 99% approved of 94

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Refinance lenders in South Dakota

LenderApprovalApprovedTaken upTypical loanLoans made
1Black Hills Federal Credit Union78%252 / 32297%$105K244
2First PREMIER Bank84%213 / 25495%$105K203
3Plains Commerce Bank85%184 / 21799%$215K183
4First Bank & Trust84%97 / 116100%$95K97
5First Interstate Bank83%96 / 11599%$65K95

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 131 more lenders.

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You are seeing the 5 largest mortgage refinance lenders in South Dakota. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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Other lending data for South Dakota

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Counties in South Dakota

Minnehaha CountyCountyPennington CountyCounty