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Davison 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.
Lenders reported 511 mortgage applications in Davison County, South Dakota, for 2024, and originated 358 loans worth $81m.
That is 40.2 originations per 1,000 households, against 43.5 for South Dakota and 48.0 nationally.
The county's denial rate was 12.5%, below the state rate of 17.0%. The median rate spread on originated loans was 0.3 percentage points and 10.6% of originations were 1.5 points or more above the average prime offer rate.
5 lenders reached 25 applications in the county; the most active by originations were Plains Commerce Bank (104), First Dakota National Bak (42) and Cortrust Mortgage, Inc. (38).
Originations were up 20% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Plains Commerce Bank | 125 | 104 | $20m | 5.5% | — |
| 2 | First Dakota National Bak | 49 | 42 | $15m | 2.3% | — |
| 3 | Cortrust Mortgage, Inc. | 46 | 38 | $9.7m | 5.0% | — |
| 4 | Cortrust Bank NA | 35 | 30 | $2.2m | 6.3% | — |
| 5 | Bankwest, Inc. | 39 | 27 | $7.1m | 12.9% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 5. 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 | 12.5% | 17.0% | 24.3% |
| Median rate spread, pp | 0.3 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 10.6% | 13.0% | 15.6% |
| Average originated loan | $227k | $256k | $329k |
| Originations per 1,000 households | 40.2 | 43.5 | 48.0 |
| Home purchase share of originations | 62.3% | 60.0% | 57.0% |
| FHA-insured share | 14.0% | 13.0% | 13.4% |
| VA-guaranteed share | 3.4% | 9.5% | 7.9% |
Rate spread distribution
Share of 283 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 62% (223)Home improvement 9% (34)Refinancing 13% (47)Cash-out refinancing 7% (24)Other purpose 8% (30)
By type
Conventional 78% (281)FHA 14% (50)VA 3% (12)USDA 4% (15)
Trend by year
ApplicationsOriginations
This countySouth Dakota
Questions and answers
Which lenders are most active in Davison County, SD?
By 2024 originations: Plains Commerce Bank (104), First Dakota National Bak (42), Cortrust Mortgage, Inc. (38), Cortrust Bank NA (30), Bankwest, Inc. (27). 5 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Davison County?
12.5% of decided applications were denied in 2024, against 17.0% across South Dakota and 24.3% nationally.
How many mortgages were originated in Davison County in 2024?
358 loans totalling $81m, from 511 applications; 40.2 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 46035; 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.