BANKWEST, INC.
BANKWEST, INC. received 1,465 applications in 2025 and made 650 mortgages, in 172 counties across 13 states. The median rate its borrowers got was 7.950% on a median loan of $125,000. Of 1,094 decisions, 444 were denials — 40.6%, most often for debt-to-income ratio.
| Legal Entity Identifier | 5493007YN2BYYXCI7W64 |
|---|---|
| Applications received | 1,465 |
| Mortgages made | 650 |
| Denied | 444 |
| Approved, not taken up | 0 |
| Withdrawn or incomplete | 371 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 2.248 points |
| FDIC-insured bank | Yes: BankWest, Inc., 22 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 500 | 7.750% | $145,000 | 44.3% |
| Refinancing | 35 | 7.650% | $135,000 | 12.5% |
| Cash-out refinancing | 53 | 8.000% | $125,000 | 23.2% |
| Other purposes | 62 | 8.550% | $50,000 | 29.5% |
Where BANKWEST, INC. lends most
The 50 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Hughes County, SD | 111 | 6.125% | 9.8% |
| Pennington County, SD | 65 | 8.000% | 19.8% |
| Minnehaha County, SD | 34 | 8.000% | 34.6% |
| Davison County, SD | 32 | 7.350% | 5.9% |
| Lawrence County, SD | 21 | 7.250% | 12.5% |
| Anoka County, MN | 20 | 8.250% | 70.2% |
| Lake County, SD | 18 | 6.975% | 10.0% |
| Stanley County, SD | 18 | 6.313% | 28.0% |
| Meade County, SD | 17 | 7.750% | 15.0% |
| Tripp County, SD | 12 | 6.433% | 0.0% |
| Hutchinson County, SD | 11 | 6.500% | 0.0% |
| Washington County, MN | 10 | 8.500% | 77.8% |
| Lincoln County, SD | 10 | 8.125% | 41.2% |
| Lyman County, SD | 10 | 7.250% | 0.0% |
| Walworth County, SD | 10 | 6.563% | 9.1% |
| Wright County, MN | 9 | Under 10 loans | 66.7% |
| Brookings County, SD | 8 | Under 10 loans | 20.0% |
| Custer County, SD | 8 | Under 10 loans | 20.0% |
| Sully County, SD | 8 | Under 10 loans | 27.3% |
| Aurora County, SD | 7 | Under 10 loans | 12.5% |
| Codington County, SD | 7 | Under 10 loans | 0.0% |
| Gregory County, SD | 7 | Under 10 loans | 36.4% |
| Stark County, ND | 6 | Under 10 loans | 45.5% |
| Brown County, SD | 6 | Under 10 loans | 50.0% |
| Butte County, SD | 6 | Under 10 loans | 33.3% |
| Dakota County, MN | 5 | Under 10 loans | 90.7% |
| St. Louis County, MN | 5 | Under 10 loans | 61.5% |
| Douglas County, SD | 5 | Under 10 loans | 37.5% |
| Moody County, SD | 5 | Under 10 loans | 0.0% |
| Blue Earth County, MN | 4 | Under 10 loans | 73.3% |
| Chisago County, MN | 4 | Under 10 loans | 55.6% |
| Goodhue County, MN | 4 | Under 10 loans | 0.0% |
| Ramsey County, MN | 4 | Under 10 loans | 84.6% |
| Williams County, ND | 4 | Under 10 loans | 50.0% |
| Bon Homme County, SD | 4 | Under 10 loans | 0.0% |
| Brule County, SD | 4 | Under 10 loans | 20.0% |
| Fall River County, SD | 4 | Under 10 loans | 20.0% |
| McCook County, SD | 4 | Under 10 loans | 0.0% |
| Carver County, MN | 3 | Under 10 loans | 0.0% |
| Crow Wing County, MN | 3 | Under 10 loans | 62.5% |
| McLeod County, MN | 3 | Under 10 loans | 76.9% |
| Morrison County, MN | 3 | Under 10 loans | 0.0% |
| Lincoln County, NE | 3 | Under 10 loans | 57.1% |
| Grand Forks County, ND | 3 | Under 10 loans | 62.5% |
| Haakon County, SD | 3 | Under 10 loans | 57.1% |
| Hanson County, SD | 3 | Under 10 loans | 0.0% |
| Jackson County, SD | 3 | Under 10 loans | 0.0% |
| Jones County, SD | 3 | Under 10 loans | 25.0% |
| Story County, IA | 2 | Under 10 loans | 50.0% |
| Clay County, MN | 2 | Under 10 loans | 71.4% |
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.