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2024 data HMDA 2024 disclosure official source

Fall River County

323 mortgage applications, 16.4% denial rate. Verify FIPS 46047 with U.S. Census Bureau →

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South Dakota · FIPS 46047

Local mortgage market. Fall River County, South Dakota saw 323 HMDA-reported mortgage applications in 2024. Lenders originated 177 of those loans and denied 53, producing a denial rate of 16.4% and an approval (origination) rate of 54.8%. The average loan amount was $184,567 at an average note rate of 7.43%, with applicants self-reporting average annual income of $37K. 40 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.

FIPS 46047 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

323
Applications
177
Originated
16.4%
Denial Rate
54.8%
Approval Rate
$184,567
Avg Loan Amount
7.43%
Avg Interest Rate
$37K
Avg Applicant Income
5.0x
Loan-to-Income Ratio

Nearby Lenders in Fall River 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 Black Hills Federal Credit Union 46 26.0%
2 First Interstate Bank 20 11.3%
3 Granite Bank 13 7.3%
4 Rocket Mortgage 12 6.8%
5 Black Hills Community Bank, NA 11 6.2%
Compare Black Hills Federal Credit Union vs First Interstate Bank →

Frequently Asked Questions

How many mortgage applications were filed in Fall River County?
In the 2024 HMDA reporting year, 323 mortgage applications were filed in Fall River County, South Dakota. Of these, 177 were originated (approved and funded), while 53 were denied, resulting in a denial rate of 16.4%.
What is the mortgage denial rate in Fall River County?
The mortgage denial rate in Fall River County is 16.4%. The approval (origination) rate is 54.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Fall River County?
The average mortgage loan amount in Fall River County is $184,567. The average interest rate is 7.430%. The average applicant income is $37K.
What is the loan-to-income ratio in Fall River County?
The average loan-to-income ratio in Fall River County is 5.0x, meaning borrowers took on loans averaging 5.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Fall River County?
The top mortgage lenders in Fall River County by origination volume are Black Hills Federal Credit Union, First Interstate Bank, Granite Bank. In total, 40 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.