Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | Dacotah Bank | FARM CREDIT MID-AMERICA, |
|---|---|---|
| Total Applications | 672 | 5,902 ▲ |
| Loans Originated | 563 | 4,311 |
| Approval Rate (higher is better) | 83.8% ✓ | 73.0% |
| Denial Rate (lower is better) | 6.3% ✓ | 10.4% |
| Avg Loan Amount | $275,908 | $381,886 |
| Avg Interest Rate (lower is better) | 6.811% ✓ | 7.103% |
| Avg Applicant Income | $35,000 | $33,000 |
| Applications Denied | 42 | 616 |
| Applications Withdrawn | 2 | 876 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Dacotah Bank | FARM CREDIT MID-AMERICA, |
|---|---|---|
| Conventional | 586 (87.2%) | 5,902 (100.0%) |
| FHA | 35 (5.2%) | — |
| VA | 21 (3.1%) | — |
| USDA | 30 (4.5%) | — |
Loan Purpose Breakdown
| Purpose | Dacotah Bank | FARM CREDIT MID-AMERICA, |
|---|---|---|
| Home Purchase | 483 | 4,773 |
| Refinancing | 72 | 602 |
| Home Improvement | 52 | 344 |
| Other | 43 | 183 |
| Cash-out Refinancing | 22 | — |
Top States by Loan Volume
| State | Originated | Rank |
|---|---|---|
| South Dakota | 414 | #11 |
No state data available.
Summary
- 672 total applications · 563 originated
- Approval rate: 83.8%
- Denial rate: 6.3%
- Avg loan: $275,908
- Avg rate: 6.811%
- HQ: Aberdeen, SD
- 5,902 total applications · 4,311 originated
- Approval rate: 73.0%
- Denial rate: 10.4%
- Avg loan: $381,886
- Avg rate: 7.103%
- HQ: LOUISVILLE, KY
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.