Pennington County
South Dakota · FIPS 46103
According to CFPB HMDA 2024 application volume among U.S. counties, Pennington County ranks #605 of 3,223, and #2 of 65 in South Dakota.
Mortgage lending activity in Pennington 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. Pennington County, South Dakota lenders denied 481 of the applications reported here, financing the rest 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Pennington County
In Pennington County, lead originator Black Hills Federal Credit Union funded 20.0% of 2,315 originated loans, above the county fleet's upper tercile (~16.7% top-1). The top three reporters together hold 40.6% of the book, so a handful of names dominate disclosed volume here.
Counties With Similar Application Volume
Nationwide counties nearest to Pennington County's 3,927 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Pennington County's $276,711 average loan (deduped against volume peers).
Lenders active in Pennington County
Black Hills Federal Credit Union funded 463 of the 2,315 loans originated in Pennington County, 20.0% of the county. 120 lenders reported activity here.
| # | 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% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Pennington 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 Pennington 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.