HomeSouth DakotaCash-out refinance
cash-out refinance lenders · HMDA 2023–2025

Cash-out refinance lenders in South Dakota

Fat Boy Data analyzed cash-out refinance activity in South Dakota to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 3,464 applications were decided by 126 lenders between 2023 and 2025.

South Dakota at a glance

126Active lenders34 with 20+ decisions
78.0%Market approval rate2,701 of 3,464 decided
$125KTypical loanmedian lender, $10K brackets
98%Borrower take-up2,636 loans funded

How South Dakota compares

Approval rate compared
South Dakota78.0%All 616 counties68.2%
Typical loan compared
South Dakota$125KAll 616 counties$155K

What the data shows

Levo Federal Credit Union made the most cash-out refinances in South Dakota, 807 of them.

That is 31% of every cash-out refinance originated here, so this market is unusually concentrated in one lender.

Levo Federal Credit Union approved the highest share of applications among lenders with at least 20 decisions here, 100% of 812.

Lenders approved 78.0% of cash-out refinance applications in South Dakota, 9.7 percentage points above the the United States rate of 68.2%.

The typical cash-out refinance here is $125K, 19% smaller than the the United States typical of $155K.

Approval rate of all 34 lenders with 20+ decisions here
0%25%50%75%100%Mortgage Research Center, LLC: 17% approved of 30Amerisave Mortgage Corporation: 24% approved of 155New Day Financial, LLC: 37% approved of 46Lakeview Loan Servicing, LLC: 42% approved of 33American Financing Corporation: 48% approved of 21New American Funding, LLC: 48% approved of 29Newrez LLC: 51% approved of 72First PREMIER Bank: 52% approved of 67Carrington Mortgage Services, LLC: 53% approved of 30Mutual of Omaha Mortgage, Inc.: 62% approved of 34Wells Fargo Bank, National Association: 66% approved of 53Loandepot.Com, LLC: 68% approved of 75The Federal Savings Bank: 68% approved of 22First Bank & Trust: 69% approved of 26Nationstar Mortgage LLC: 70% approved of 54Flagstar Bank, National Association: 70% approved of 27Black Hills Federal Credit Union: 71% approved of 141Freedom Mortgage Corporation: 73% approved of 63Voyage Federal Credit Union: 73% approved of 112United Wholesale Mortgage, LLC: 79% approved of 80Pennymac Loan Services, LLC: 79% approved of 85U.S. Bank National Association: 80% approved of 70Plains Commerce Bank: 81% approved of 102Cu Mortgage Direct, LLC: 84% approved of 31First International Bank & Trust: 85% approved of 39Rocket Mortgage, LLC: 85% approved of 564Bluestone Federal Credit Union: 85% approved of 20Bankwest, Inc.: 87% approved of 23Cortrust Mortgage, Inc.: 90% approved of 21Central Bank: 92% approved of 26Fairway Independent Mortgage Corporation: 94% approved of 31The First National Bank in Sioux Falls: 97% approved of 31Cmg Mortgage, Inc.: 98% approved of 46Levo Federal Credit Union: 100% approved of 812

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Cash-out refinance lenders in South Dakota

LenderApprovalApprovedTaken upTypical loanLoans made
1Levo Federal Credit Union100%808 / 812100%$65K807
2Rocket Mortgage, LLC85%479 / 56497%$125K465
3Amerisave Mortgage Corporation24%37 / 155100%$55K37
4Black Hills Federal Credit Union71%100 / 14196%$235K96
5Voyage Federal Credit Union73%82 / 11298%$55K80

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 121 more lenders.

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Other lending data for South Dakota

Counties in South Dakota