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2024 data HMDA 2024 disclosure official source

Codington County

840 mortgage applications, 13.3% denial rate. Verify FIPS 46029 with U.S. Census Bureau →

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South Dakota · FIPS 46029

Local mortgage market. Codington County, South Dakota saw 840 HMDA-reported mortgage applications in 2024. Lenders originated 520 of those loans and denied 112, producing a denial rate of 13.3% and an approval (origination) rate of 61.9%. The average loan amount was $217,464 at an average note rate of 7.09%, with applicants self-reporting average annual income of $37K. 59 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.9x, meaning typical borrowers took on mortgages of about 5.9 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.

FIPS 46029 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

840
Applications
520
Originated
13.3%
Denial Rate
61.9%
Approval Rate
$217,464
Avg Loan Amount
7.09%
Avg Interest Rate
$37K
Avg Applicant Income
5.9x
Loan-to-Income Ratio

Nearby Lenders in Codington County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 First Bank & Trust 81 15.6%
2 First Premier Bank 64 12.3%
3 American Bank & Trust 60 11.5%
4 Plains Commerce Bank 55 10.6%
5 Dacotah Bank 42 8.1%
Compare First Bank & Trust vs First Premier Bank →

Frequently Asked Questions

How many mortgage applications were filed in Codington County?
In the 2024 HMDA reporting year, 840 mortgage applications were filed in Codington County, South Dakota. Of these, 520 were originated (approved and funded), while 112 were denied, resulting in a denial rate of 13.3%.
What is the mortgage denial rate in Codington County?
The mortgage denial rate in Codington County is 13.3%. The approval (origination) rate is 61.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Codington County?
The average mortgage loan amount in Codington County is $217,464. The average interest rate is 7.092%. The average applicant income is $37K.
What is the loan-to-income ratio in Codington County?
The average loan-to-income ratio in Codington County is 5.9x, meaning borrowers took on loans averaging 5.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Codington County?
The top mortgage lenders in Codington County by origination volume are First Bank & Trust, First Premier Bank, American Bank & Trust. In total, 59 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

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.

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 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.