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2024 data HMDA 2024 disclosure official source

Hamlin County

226 mortgage applications, 10.6% denial rate. Verify FIPS 46057 with U.S. Census Bureau →

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South Dakota · FIPS 46057

Local mortgage market. Hamlin County, South Dakota saw 226 HMDA-reported mortgage applications in 2024. Lenders originated 137 of those loans and denied 24, producing a denial rate of 10.6% and an approval (origination) rate of 60.6%. The average loan amount was $221,637 at an average note rate of 7.12%, with applicants self-reporting average annual income of $35K. 26 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.3x, meaning typical borrowers took on mortgages of about 6.3 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 46057 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

226
Applications
137
Originated
10.6%
Denial Rate
60.6%
Approval Rate
$221,637
Avg Loan Amount
7.12%
Avg Interest Rate
$35K
Avg Applicant Income
6.3x
Loan-to-Income Ratio

Nearby Lenders in Hamlin 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 Premier Bank 29 21.2%
2 First Bank & Trust 25 18.2%
3 Fairway Independent Mort CORP 24 17.5%
4 Plains Commerce Bank 13 9.5%
5 Reliabank Dakota 9 6.6%
Compare First Premier Bank vs First Bank & Trust →

Frequently Asked Questions

How many mortgage applications were filed in Hamlin County?
In the 2024 HMDA reporting year, 226 mortgage applications were filed in Hamlin County, South Dakota. Of these, 137 were originated (approved and funded), while 24 were denied, resulting in a denial rate of 10.6%.
What is the mortgage denial rate in Hamlin County?
The mortgage denial rate in Hamlin County is 10.6%. The approval (origination) rate is 60.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Hamlin County?
The average mortgage loan amount in Hamlin County is $221,637. The average interest rate is 7.118%. The average applicant income is $35K.
What is the loan-to-income ratio in Hamlin County?
The average loan-to-income ratio in Hamlin County is 6.3x, meaning borrowers took on loans averaging 6.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Hamlin County?
The top mortgage lenders in Hamlin County by origination volume are First Premier Bank, First Bank & Trust, Fairway Independent Mort CORP. In total, 26 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.