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2024 data HMDA 2024 disclosure official source

McCook County

203 mortgage applications, 11.8% denial rate. Verify FIPS 46087 with U.S. Census Bureau →

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South Dakota · FIPS 46087

Local mortgage market. McCook County, South Dakota saw 203 HMDA-reported mortgage applications in 2024. Lenders originated 125 of those loans and denied 24, producing a denial rate of 11.8% and an approval (origination) rate of 61.6%. The average loan amount was $198,744 at an average note rate of 7.14%, with applicants self-reporting average annual income of $36K. 43 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.5x, meaning typical borrowers took on mortgages of about 5.5 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 46087 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

203
Applications
125
Originated
11.8%
Denial Rate
61.6%
Approval Rate
$198,744
Avg Loan Amount
7.14%
Avg Interest Rate
$36K
Avg Applicant Income
5.5x
Loan-to-Income Ratio

Nearby Lenders in McCook 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 14 11.2%
2 Rivers Edge Bank 11 8.8%
3 First Premier Bank 10 8.0%
4 Rocket Mortgage 7 5.6%
5 First Dakota National Bak 6 4.8%
Compare Plains Commerce Bank vs Rivers Edge Bank →

Frequently Asked Questions

How many mortgage applications were filed in McCook County?
In the 2024 HMDA reporting year, 203 mortgage applications were filed in McCook County, South Dakota. Of these, 125 were originated (approved and funded), while 24 were denied, resulting in a denial rate of 11.8%.
What is the mortgage denial rate in McCook County?
The mortgage denial rate in McCook County is 11.8%. The approval (origination) rate is 61.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in McCook County?
The average mortgage loan amount in McCook County is $198,744. The average interest rate is 7.137%. The average applicant income is $36K.
What is the loan-to-income ratio in McCook County?
The average loan-to-income ratio in McCook County is 5.5x, meaning borrowers took on loans averaging 5.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in McCook County?
The top mortgage lenders in McCook County by origination volume are Plains Commerce Bank, Rivers Edge Bank, First Premier Bank. In total, 43 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.