2025 activity year · Official source proof
South Dakota mortgage market
Reported mortgage application activity from the official CFPB/FFIEC HMDA Data Browser, with purchased loans excluded from the application denominator.
Activity year
2025
Action taken
What happened to applications?
Originated65.8% · 17,111
Approved, not accepted2.2% · 579
Denied12.7% · 3,303
Withdrawn15.4% · 4,010
File closed for incompleteness3.5% · 907
Preapproval denied0.1% · 26
Preapproval approved, not accepted0.3% · 87
“Originated” means the reported application resulted in a loan. It is not an approval probability for a future applicant.
Loan purpose
Why people applied
51%Home purchase
- Home purchase51.2%
- Home improvement7.5%
- Other purpose8.9%
- Refinancing16.7%
- Cash-out refinancing15.7%
Next source gate
Denial reasons are not published yet.
That analysis requires the raw modified-LAR pipeline, reason-code reconciliation, and small-cell review. We will not fill the gap with estimates or unsupported conclusions.
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Data provenance
Every published number will carry its source.
This profile identifies the activity year, cohort rules, source endpoint, response hash, and processing date. Source: CFPB/FFIEC HMDA Data Browser API. Last refreshed September 2, 2026.