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2024 data HMDA 2024 disclosure official source

Lincoln County

3,055 mortgage applications, 10.4% denial rate. Verify FIPS 46083 with U.S. Census Bureau →

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South Dakota · FIPS 46083

Local mortgage market. Lincoln County, South Dakota saw 3,055 HMDA-reported mortgage applications in 2024. Lenders originated 1,889 of those loans and denied 319, producing a denial rate of 10.4% and an approval (origination) rate of 61.8%. The average loan amount was $290,872 at an average note rate of 7.07%, with applicants self-reporting average annual income of $37K. 119 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.9x, meaning typical borrowers took on mortgages of about 7.9 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 46083 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

3,055
Applications
1,889
Originated
10.4%
Denial Rate
61.8%
Approval Rate
$290,872
Avg Loan Amount
7.07%
Avg Interest Rate
$37K
Avg Applicant Income
7.9x
Loan-to-Income Ratio

Nearby Lenders in Lincoln 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 Plains Commerce Bank 357 18.9%
2 First Bank & Trust 184 9.7%
3 First Premier Bank 152 8.0%
4 Levo Federal Credit Union 115 6.1%
5 First Dakota National Bak 83 4.4%
Compare Plains Commerce Bank vs First Bank & Trust →

Frequently Asked Questions

How many mortgage applications were filed in Lincoln County?
In the 2024 HMDA reporting year, 3,055 mortgage applications were filed in Lincoln County, South Dakota. Of these, 1,889 were originated (approved and funded), while 319 were denied, resulting in a denial rate of 10.4%.
What is the mortgage denial rate in Lincoln County?
The mortgage denial rate in Lincoln County is 10.4%. The approval (origination) rate is 61.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Lincoln County?
The average mortgage loan amount in Lincoln County is $290,872. The average interest rate is 7.071%. The average applicant income is $37K.
What is the loan-to-income ratio in Lincoln County?
The average loan-to-income ratio in Lincoln County is 7.9x, meaning borrowers took on loans averaging 7.9 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Lincoln County?
The top mortgage lenders in Lincoln County by origination volume are Plains Commerce Bank, First Bank & Trust, First Premier Bank. In total, 119 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.