McPherson County
South Dakota · FIPS 46089
According to CFPB HMDA 2024 application volume among U.S. counties, McPherson County ranks #3,167 of 3,223, and #57 of 65 in South Dakota.
Mortgage lending activity in McPherson County, South Dakota based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. McPherson County, South Dakota lenders denied 3 of the applications reported here, financing the rest at an average note rate of 7.61%, with applicants self-reporting average annual income of $34K. 8 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 2.2x, meaning typical borrowers took on mortgages of about 2.2 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in McPherson County
In McPherson County, lead originator Cortrust Bank NA funded 12.5% of 8 originated loans, in the middle tercile of U.S. counties (~10.9-16.7% top-1). The top three reporters together hold 37.5% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Counties With Similar Application Volume
Nationwide counties nearest to McPherson County's 17 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to McPherson County's $73,824 average loan (deduped against volume peers).
Lenders active in McPherson County
Cortrust Bank NA funded 1 of the 8 loans originated in McPherson County, 12.5% of the county. 8 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Cortrust Bank NA | 1 | 12.5% |
| 2 | American Bank & Trust | 1 | 12.5% |
| 3 | Churchill Mortgage Corporation | 1 | 12.5% |
| 4 | Dacotah Bank | 1 | 12.5% |
| 5 | United Wholesale Mortgage | 1 | 12.5% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For McPherson County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for McPherson County borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.