States › South Dakota › Clay County
Clay County, South Dakota
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Clay County, South Dakota, saw 351 HMDA-reported applications and 210 originations ($38m) in 2024.
That is 37.9 originations per 1,000 households, against 43.5 for South Dakota and 48.0 nationally.
The county's denial rate was 20.5%, above the state rate of 17.0%. The median rate spread on originated loans was 0.4 percentage points and 18.6% of originations were 1.5 points or more above the average prime offer rate.
2 lenders reached 25 applications in the county; the most active by originations were First Bank & Trust (28) and First Dakota National Bak (25).
Originations were up 9% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | First Bank & Trust | 39 | 28 | $5.8m | 17.6% | — |
| 2 | First Dakota National Bak | 37 | 25 | $5.4m | 12.5% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 2. Denial rate is denials over decided applications in this county.
Compared with South Dakota and the nation
| Measure | This county | South Dakota | United States |
|---|---|---|---|
| Denial rate | 20.5% | 17.0% | 24.3% |
| Median rate spread, pp | 0.4 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 18.6% | 13.0% | 15.6% |
| Average originated loan | $181k | $256k | $329k |
| Originations per 1,000 households | 37.9 | 43.5 | 48.0 |
| Home purchase share of originations | 63.3% | 60.0% | 57.0% |
| FHA-insured share | 6.7% | 13.0% | 13.4% |
| VA-guaranteed share | 6.7% | 9.5% | 7.9% |
Rate spread distribution
Share of 156 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: South Dakota). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 63% (133)Home improvement 10% (22)Refinancing 9% (19)Cash-out refinancing 11% (24)Other purpose 6% (12)
By type
Conventional 84% (177)FHA 7% (14)VA 7% (14)USDA 2% (5)
Trend by year
ApplicationsOriginations
This countySouth Dakota
Questions and answers
Which lenders are most active in Clay County, SD?
By 2024 originations: First Bank & Trust (28), First Dakota National Bak (25). 2 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Clay County?
20.5% of decided applications were denied in 2024, against 17.0% across South Dakota and 24.3% nationally.
How many mortgages were originated in Clay County in 2024?
210 loans totalling $38m, from 351 applications; 37.9 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 46027; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.