PlainLender

Reliabank Dakota

Estelline, SD

Reliabank Dakota processed 235 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 183 loans with a 6.4% denial rate. Home Purchase was the primary loan purpose. Based in Estelline, SD. The approval rate of 77.9% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. Reliabank Dakota processed 235 HMDA-reported mortgage applications in 2024, originating 183 loans and denying 15 for a denial rate of 6.4% (applicants themselves withdrew 36 files before a decision). The average loan amount was $247,638 at a 6.955% average note rate, and applicants self-reported an average income of $37,000. The lender reports under LEI 549300KCR7QWQQCWBG94 from Estelline, SD.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Reliabank Dakota's 77.9% origination rate tells you how often an application turned into funded money; the 6.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Insufficient cash, which together explain the majority of rejections. Most activity concentrated in Conventional loans (182 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

235
Applications
183
Originated
6.4%
Denial Rate
$247,638
Avg Loan Amount
Avg Interest Rate: 6.955% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 182 150 9 $247,308
FHA 40 22 6 $247,000
VA 7 6 0 $345,000
USDA 6 5 0 $148,333

Top loan types — Reliabank Dakota

Top loan types — Reliabank Dakota Horizontal bar chart of the top 4 items by value (applications). Top loan types — Reliabank Dakota Top 4 1. Conventional 182 2. FHA 40 3. VA 7 4. USDA 6 Top 5 loan types by application volume at Reliabank Dakota (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Reliabank Dakota (LEI: 549300KCR7QWQQCWBG94) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Credit history
7
Debt-to-income ratio
7
Insufficient cash
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 173 139 $240,202
Refinancing 47 33 $278,617
Cash-out Refinancing 11 8 $249,545
Other 2 1 $270,000
Home Improvement 2 2 $130,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 155 75.5% 7.1%
2 or more minority races 1 0.0% 100.0%
Joint 1 100.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 144 77.1% 4.9%
Hispanic or Latino 14 50.0% 35.7%

Nearby Lenders in SD

Other HMDA-reporting lenders in SD with similar activity. Compare any two side-by-side.

Plains Commerce Bank

Hoven, SD

23,164 apps 13,605 originated 3.1% denied

First Bank & Trust

Sioux Falls, SD

1,951 apps 1,358 originated 12.6% denied

BLACK HILLS FEDERAL CREDIT UNION

RAPID CITY, SD

1,766 apps 1,019 originated 22.9% denied

BANKWEST, INC.

PIERRE, SD

1,663 apps 636 originated 38.6% denied

FIRST PREMIER BANK

SIOUX FALLS, SD

1,495 apps 909 originated 19.6% denied
Compare Reliabank Dakota vs Plains Commerce Bank →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did Reliabank Dakota process?
Reliabank Dakota processed 235 mortgage applications in the 2023 HMDA reporting year. Of these, 183 were originated (approved and funded), 36 were withdrawn by the applicant, and 15 were denied.
What is Reliabank Dakota's mortgage approval rate?
Reliabank Dakota has an approval (origination) rate of 77.9%, meaning 77.9% of all applications resulted in a funded mortgage. The denial rate is 6.4%.
What is the average loan amount at Reliabank Dakota?
The average mortgage loan amount at Reliabank Dakota is $247,638. The average interest rate is 6.955%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Reliabank Dakota?
The most common reasons for mortgage denial at Reliabank Dakota are: Credit history, Debt-to-income ratio, Insufficient cash. In total, 15 applications were denied out of 235 total applications.
What types of mortgage loans does Reliabank Dakota offer?
Reliabank Dakota processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 182 applications and an average loan amount of $247,308.
What loan purposes does Reliabank Dakota serve?
Reliabank Dakota serves the following loan purposes: Home Purchase (173 applications), Refinancing (47 applications), Cash-out Refinancing (11 applications), Other (2 applications), Home Improvement (2 applications). Home Purchase is the most common purpose.
Where is Reliabank Dakota located?
Reliabank Dakota is headquartered in Estelline, SD. The lender is identified by LEI 549300KCR7QWQQCWBG94 in HMDA data.
How does Reliabank Dakota compare in lending across racial demographics?
Reliabank Dakota reports demographic lending data under HMDA requirements. White applicants have an approval rate of 75.5% and denial rate of 7.1%; 2 or more minority races applicants have an approval rate of 0.0% and denial rate of 100.0%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.