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2024 data HMDA 2024 disclosure official source

Spink County

69 mortgage applications, 21.7% denial rate. Verify FIPS 46115 with U.S. Census Bureau →

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South Dakota · FIPS 46115

Local mortgage market. Spink County, South Dakota saw 69 HMDA-reported mortgage applications in 2024. Lenders originated 38 of those loans and denied 15, producing a denial rate of 21.7% and an approval (origination) rate of 55.1%. The average loan amount was $150,507 at an average note rate of 7.36%, with applicants self-reporting average annual income of $35K. 20 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 4.3x, meaning typical borrowers took on mortgages of about 4.3 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 46115 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

69
Applications
38
Originated
21.7%
Denial Rate
55.1%
Approval Rate
$150,507
Avg Loan Amount
7.36%
Avg Interest Rate
$35K
Avg Applicant Income
4.3x
Loan-to-Income Ratio

Nearby Lenders in Spink 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 Dacotah Bank 6 15.8%
2 First Interstate Bank 5 13.2%
3 Plains Commerce Bank 4 10.5%
4 First Bank & Trust 2 5.3%
5 Mortgage Research Center 2 5.3%
Compare Dacotah Bank vs First Interstate Bank →

Frequently Asked Questions

How many mortgage applications were filed in Spink County?
In the 2024 HMDA reporting year, 69 mortgage applications were filed in Spink County, South Dakota. Of these, 38 were originated (approved and funded), while 15 were denied, resulting in a denial rate of 21.7%.
What is the mortgage denial rate in Spink County?
The mortgage denial rate in Spink County is 21.7%. The approval (origination) rate is 55.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Spink County?
The average mortgage loan amount in Spink County is $150,507. The average interest rate is 7.361%. The average applicant income is $35K.
What is the loan-to-income ratio in Spink County?
The average loan-to-income ratio in Spink County is 4.3x, meaning borrowers took on loans averaging 4.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Spink County?
The top mortgage lenders in Spink County by origination volume are Dacotah Bank, First Interstate Bank, Plains Commerce Bank. In total, 20 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.