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2024 data HMDA 2024 disclosure official source

Pennington County

3,927 mortgage applications, 12.3% denial rate. Verify FIPS 46103 with U.S. Census Bureau →

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South Dakota · FIPS 46103

Local mortgage market. Pennington County, South Dakota saw 3,927 HMDA-reported mortgage applications in 2024. Lenders originated 2,315 of those loans and denied 481, producing a denial rate of 12.3% and an approval (origination) rate of 59.0%. The average loan amount was $276,711 at an average note rate of 6.98%, with applicants self-reporting average annual income of $39K. 120 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.1x, meaning typical borrowers took on mortgages of about 7.1 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 46103 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

3,927
Applications
2,315
Originated
12.3%
Denial Rate
59.0%
Approval Rate
$276,711
Avg Loan Amount
6.98%
Avg Interest Rate
$39K
Avg Applicant Income
7.1x
Loan-to-Income Ratio

Nearby Lenders in Pennington 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 Black Hills Federal Credit Union 463 20.0%
2 Cmg Mortgage INC 320 13.8%
3 Plains Commerce Bank 157 6.8%
4 United Wholesale Mortgage 127 5.5%
5 Rocket Mortgage 107 4.6%
Compare Black Hills Federal Credit Union vs Cmg Mortgage INC →

Frequently Asked Questions

How many mortgage applications were filed in Pennington County?
In the 2024 HMDA reporting year, 3,927 mortgage applications were filed in Pennington County, South Dakota. Of these, 2,315 were originated (approved and funded), while 481 were denied, resulting in a denial rate of 12.3%.
What is the mortgage denial rate in Pennington County?
The mortgage denial rate in Pennington County is 12.3%. The approval (origination) rate is 59.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Pennington County?
The average mortgage loan amount in Pennington County is $276,711. The average interest rate is 6.982%. The average applicant income is $39K.
What is the loan-to-income ratio in Pennington County?
The average loan-to-income ratio in Pennington County is 7.1x, meaning borrowers took on loans averaging 7.1 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Pennington County?
The top mortgage lenders in Pennington County by origination volume are Black Hills Federal Credit Union, Cmg Mortgage INC, Plains Commerce Bank. In total, 120 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.