Clay County
South Dakota · FIPS 46027
According to CFPB HMDA 2024 application volume among U.S. counties, Clay County ranks #2,192 of 3,210, and #13 of 65 in South Dakota.
Mortgage lending activity in Clay County, South Dakota based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Clay County, South Dakota saw 383 HMDA-reported mortgage applications in 2024. Lenders originated 210 of those loans and denied 58, producing a denial rate of 15.1% and an approval (origination) rate of 54.8%. The average loan amount was $174,556 at an average note rate of 7.59%, with applicants self-reporting average annual income of $35K. 55 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 5.0x, meaning typical borrowers took on mortgages of about 5.0 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Clay County
In Clay County, lead originator First Bank & Trust funded 13.3% of 210 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 31.9% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to Clay County's 383 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Clay County's $174,556 average loan (deduped against volume peers).
Lenders active in Clay County
First Bank & Trust funded 28 of the 210 loans originated in Clay County, 13.3% of the county. 55 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | First Bank & Trust | 28 | 13.3% |
| 2 | First Dakota National Bak | 25 | 11.9% |
| 3 | BMO Harris Bank NA | 14 | 6.7% |
| 4 | Cortrust Bank NA | 13 | 6.2% |
| 5 | Plains Commerce Bank | 13 | 6.2% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Clay County borrowers.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This Clay County page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.