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2024 data HMDA 2024 disclosure official source

Faulk County

21 mortgage applications, 0.0% denial rate. Verify FIPS 46049 with U.S. Census Bureau →

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South Dakota · FIPS 46049

Local mortgage market. Faulk County, South Dakota saw 21 HMDA-reported mortgage applications in 2024. Lenders originated 16 of those loans and denied 0, producing a denial rate of 0.0% and an approval (origination) rate of 76.2%. The average loan amount was $206,429 at an average note rate of 6.60%, with applicants self-reporting average annual income of $34K. 11 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.1x, meaning typical borrowers took on mortgages of about 6.1 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 46049 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

21
Applications
16
Originated
0.0%
Denial Rate
76.2%
Approval Rate
$206,429
Avg Loan Amount
6.60%
Avg Interest Rate
$34K
Avg Applicant Income
6.1x
Loan-to-Income Ratio

Nearby Lenders in Faulk 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 Dacotah Bank 5 31.3%
2 Plains Commerce Bank 2 12.5%
3 Farm Credit Mid-America, Aca 1 6.3%
4 First International Bank & Trust 1 6.3%
5 Us Bank, N.A. 1 6.3%
Compare Dacotah Bank vs Plains Commerce Bank →

Frequently Asked Questions

How many mortgage applications were filed in Faulk County?
In the 2024 HMDA reporting year, 21 mortgage applications were filed in Faulk County, South Dakota. Of these, 16 were originated (approved and funded), while 0 were denied, resulting in a denial rate of 0.0%.
What is the mortgage denial rate in Faulk County?
The mortgage denial rate in Faulk County is 0.0%. The approval (origination) rate is 76.2%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Faulk County?
The average mortgage loan amount in Faulk County is $206,429. The average interest rate is 6.598%. The average applicant income is $34K.
What is the loan-to-income ratio in Faulk County?
The average loan-to-income ratio in Faulk County is 6.1x, meaning borrowers took on loans averaging 6.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Faulk County?
The top mortgage lenders in Faulk County by origination volume are Dacotah Bank, Plains Commerce Bank, Farm Credit Mid-America, Aca. In total, 11 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.