By the Wirly Editorial Team | AI-assisted, human-reviewed
Mortgage Refinancing in South Dakota
Real refinance data for South Dakota from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
1,948
2024 HMDA data
Avg Loan Amount
$278,953
National: $428,119
Denial Rate
17%
▲ Below national avg
Median Home Value
$236,800
U.S. Census Bureau
Source: HMDA 2024 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in South Dakota
Originations by Year
Refinance originations in South Dakota by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in South Dakota
Source: FHFA House Price Index
Top Lenders in South Dakota
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | Plains Commerce Bank | 3,279 | - |
| 2 | Plains Commerce Bank | 2,611 | - |
| 3 | Plains Commerce Bank | 2,307 | - |
| 4 | First Premier Bank | 1,963 | - |
| 5 | Black Hills Federal Credit Union | 1,653 | - |
| 6 | Black Hills Federal Credit Union | 1,616 | - |
| 7 | First Bank & Trust | 1,395 | - |
| 8 | First Bank & Trust | 1,373 | - |
| 9 | First Interstate Bank | 1,361 | - |
| 10 | First Premier Bank | 1,346 | - |
Ranked by total HMDA filings in the state (2024). Source: HMDA via CFPB.
Compare all lenders →How South Dakota Compares
| Metric | South Dakota | National Avg |
|---|---|---|
| Refinance Originations | 1,948 | 697,820 |
| Avg Loan Amount | $278,953 | $428,119 |
| Denial Rate | 17% | 24.2% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2024, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.51%
▲ 6.36% prev
15-Year Fixed
5.85%
▲ 5.71% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in South Dakota in 2024?
In 2024, there were 1,948 refinance originations in South Dakota, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in South Dakota?
The average refinance loan amount in South Dakota was $278,953 in 2024. This reflects originated loans reported through HMDA.
What is the refinance denial rate in South Dakota?
The refinance denial rate in South Dakota was 17% in 2024. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in South Dakota?
The most active lenders in South Dakota by HMDA filing volume include Plains Commerce Bank, Plains Commerce Bank, Plains Commerce Bank. See the full list above for details.
Is it a good time to refinance in South Dakota?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in South Dakota, including tips, regulations, and state programs.
Read the South Dakota Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.