South Dakota’s FHA denial rate in 2025 was 20.8% across 2,857 decisioned applications — ranking #37 of 52 states. Among high-volume lenders, the lowest observed denial rate was Cmg Mortgage Inc at 2.0%; the highest was First Premier Bank at 31.8%. The institutional spread inside South Dakota is 15.9×: the same FHA application faces a 2.0% observed denial rate at one high-volume door and 31.8% at another — two real endpoints of the federal record, same state, same program. Source: complete CFPB HMDA 2025 federal record.
Cells require 100+ decisioned applications. Sorted softest first. Observed rates — not endorsements.
| Lender | South Dakota FHA apps | Denial rate |
|---|---|---|
| Cmg Mortgage Inc | 148 | 2.0% |
| Fairway Independent Mort Corp | 139 | 5.8% |
| Plains Commerce Bank | 406 | 11.3% |
| United Wholesale Mortgage | 103 | 20.4% |
| First Bank & Trust | 103 | 25.2% |
| Rocket Mortgage | 175 | 29.7% |
| First Premier Bank | 157 | 31.8% |
Applications under $150K were denied 39.9% of the time versus 15.0% for loans of $250K+ — a 2.7× penalty on the smallest loans. National context: the small-loan penalty.
The Home Mortgage Disclosure Act requires every U.S. mortgage lender to report every application — outcome, amount, and denial reason — to federal regulators annually. It is government-verified, covers all lenders equally, and cannot be gamed. These tables are processed directly from that record.
Nobody. No lender pays to appear or improve its position; no ads, no referral fees, no lead sales. FinanceRateCalc is not a lender and does not compete with the institutions it measures. Rates reflect applicant mix and channel as well as underwriting appetite — a high rate is not an accusation, and a low one is not advice. Compare nationally: the top-100 table · the 15-market door map · all 52 states ranked · why each lender says no.