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Mortgage Lenders and Brokers in South Dakota

Content reviewed by

Brian McKay | iEditorial Disclosure | ✓Fact Checked | Loan Rates Last Updated and Verified: October 7, 2026

South Dakota mortgage lenders include Plains Commerce BankPlains Commerce Bank524 S Dakota St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 9.09%, First Bank & TrustFirst Bank & Trust2233 6th St, Brookings, SD 57006A+5.0 ★Texas Ratio: 3.79%, First Premier BankFirst Premier BankSecond And Main, Castlewood, SD 57223A+5.0 ★Texas Ratio: 0.42%, Levo Federal Credit UnionLevo Federal Credit Union700 E 14th St, Sioux Falls, SD 57104 5144A5.0 ★Texas Ratio: 7.61%, First Dakota National BakFirst Dakota National Bak1208 West Cedar St, Beresford, SD 57004A+5.0 ★Texas Ratio: 4.05%, Bankwest, Inc.Bankwest, Inc.703 Main Ave, Armour, SD 57313C+4.1 ★Texas Ratio: 26.29%, Dacotah BankDacotah Bank308 S Main St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 12.58%, Black Hills Federal Credit UnionBlack Hills Federal Credit Union376 Liberty Boulevard, Box Elder, SD 57719A+5.0 ★Texas Ratio: 0.00%, American Bank & TrustAmerican Bank & Trust320 6th Ave Se, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 3.70%, and Cortrust BankCortrust Bank2016 6th Ave Se, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 5.11%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.

Lenders are ranked only by the number of home loans they closed in South Dakota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in South Dakota are listed first, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.

Mortgage Lenders and Brokers in South Dakota

Market share is the lender's share of all home loans closed in South Dakota. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Median loan is the midpoint loan amount the lender closed in the state.

Lender	Programs	Loans closed	Market share	Approval share	Median loan	View
Plains Commerce Bank 7 offices in SD 524 S Dakota St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 9.09%	Conventional, FHA, VA, USDA, Jumbo	1,498	10.5%	92.4%	$275,000	View
First Bank & Trust 15 offices in SD 2233 6th St, Brookings, SD 57006 A+5.0 ★Texas Ratio: 3.79%	Conventional, FHA, VA, USDA, Jumbo, HELOC	652 +225 HELOCs	4.6%	86.4%	$225,000	View
First Premier Bank 12 offices in SD Second And Main, Castlewood, SD 57223 A+5.0 ★Texas Ratio: 0.42%	Conventional, FHA, VA, USDA, Jumbo, HELOC	592 +260 HELOCs	4.1%	83.1%	$265,000	View
Levo Federal Credit Union 700 E 14th St, Sioux Falls, SD 57104 5144 A5.0 ★Texas Ratio: 7.61%	Conventional, FHA, VA, USDA, Jumbo	541	3.8%	92.5%	$125,000
First Dakota National Bak 16 offices in SD 1208 West Cedar St, Beresford, SD 57004 A+5.0 ★Texas Ratio: 4.05%	Conventional, FHA, VA, USDA, Jumbo	508	3.6%	94.1%	$275,000	View
Bankwest, Inc. 19 offices in SD 703 Main Ave, Armour, SD 57313 C+4.1 ★Texas Ratio: 26.29%	Conventional, FHA, VA, USDA, Jumbo	443	3.1%	80.3%	$145,000	View
Dacotah Bank 20 offices in SD 308 S Main St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 12.58%	Conventional, FHA, VA, USDA, Jumbo	379	2.7%	92.7%	$215,000	View
Black Hills Federal Credit Union 376 Liberty Boulevard, Box Elder, SD 57719 A+5.0 ★Texas Ratio: 0.00%	Conventional, FHA, VA, USDA, Jumbo, HELOC	370 +348 HELOCs	2.6%	80.6%	$265,000	View
American Bank & Trust 18 offices in SD 320 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 3.70%	Conventional, FHA, VA, USDA, Jumbo	312	2.2%	81.3%	$235,000	View
Cortrust Bank 20 offices in SD 2016 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 5.11%	Conventional, Jumbo	261	1.8%	92.6%	$75,000	View
Cortrust Mortgage, Inc. 2016 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 5.11%	Conventional, FHA, VA, USDA	229	1.6%	93.5%	$235,000	View
First National Bank 11 offices in SD 307 E Hustan Ave, Fort Pierre, SD 57532 A+5.0 ★Texas Ratio: 2.40%	Conventional, FHA, VA, USDA, Jumbo	183	1.3%	89.3%	$205,000	View
The First National Bank in Sioux Falls 18 offices in SD 202 St Olaf Ave, Baltic, SD 57003 A+5.0 ★Texas Ratio: 3.28%	Conventional, Jumbo	161	1.1%	97.6%	$235,000	View
Service First Federal Credit Union 3901 E 10th St, Sioux Falls, SD 57103 2133 A+5.0 ★Texas Ratio: 5.03%	Conventional, FHA, VA	140	1%	92.2%	$285,000	View
Pioneer Bank & Trust 5 offices in SD 700 State St, Belle Fourche, SD 57717 A+5.0 ★Texas Ratio: 0.74%	Conventional, FHA, VA, USDA, Jumbo	124	0.9%	89.5%	$305,000	View
Black Hills Community Bank, NA 840 Mount Rushmore Rd, Rapid City, SD 57701	Conventional, FHA, VA, Jumbo	109	0.8%	87.4%	$295,000
Reliabank Dakota 9 offices in SD 200 E 4th St, Colton, SD 57018 A+5.0 ★Texas Ratio: 2.16%	Conventional, FHA, VA, Jumbo	95	0.7%	93.1%	$275,000	View
Voyage Federal Credit Union 5800 E 18th St Ste 101, Sioux Falls, SD 57110 A+5.0 ★Texas Ratio: 5.29%	Conventional, Jumbo	74	0.5%	86%	$75,000	View
Aspen Federal Credit Union 4956 5th St, Rapid City, SD 57701	Conventional, VA, Jumbo	58	0.4%	90.6%	$95,000
Rivers Edge Bank 3 offices in SD 330 Main Street, Bridgewater, SD 57319 A+5.0 ★Texas Ratio: 1.34%	Conventional	52	0.4%	96.3%	$115,000	View
Bluestone Federal Credit Union 3400 S Sycamore Ave, Sioux Falls, SD 57110 4412 A+5.0 ★Texas Ratio: 3.06%	Conventional	50	0.3%	94.3%	$65,000	View
Highmark Federal Credit Union 1842 5th Ave, Belle Fourche, SD 57717	Conventional, VA, Jumbo	42	0.3%	100%	$245,000
Security National Bank of Sd 2 offices in SD 325 Dakota Dunes Blvd, Dakota Dunes, SD 57049 A+5.0 ★Texas Ratio: 0.00%	Conventional, Jumbo	40	0.3%	72.7%	$245,000	View
Quoin Financial Bank 209 Commercial Ave Se, Highmore, SD 57345 A+5.0 ★Texas Ratio: 1.12%	Conventional, Jumbo	38	0.3%	88.4%	$185,000	View
Sentinel Federal Credit Union 22752 Mule Deer Trl, Box Elder, SD 57719 9456 A+5.0 ★Texas Ratio: 4.29%	Conventional, Jumbo	34	0.2%	97.2%	$205,000	View
Northern Hills FCU 2211 Dakota Ave, Belle Fourche, SD 57717 A+5.0 ★Texas Ratio: 2.48%	Conventional	23	0.2%	88.5%	$125,000	View
First Savings Bank 10 offices in SD 201 N 3rd St, Beresford, SD 57004 A+5.0 ★Texas Ratio: 3.36%	Conventional	11	0.1%	85.7%	$145,000	View
Liberty National Bank 5 offices in SD 324 Dakota Dunes Blvd, Dakota Dunes, SD 57049 A+5.0 ★Texas Ratio: 0.00%	Conventional	10	0.1%	100%	$135,000	View
Sunrise Banks, N.A. 5105 S Crossing Pl, Sioux Falls, SD 57108 A5.0 ★Texas Ratio: 9.43%	Conventional	5	0%	55.6%	$295,000	View
CU Mortgage Direct, LLC	Conventional, FHA, VA, USDA	169	1.2%	90.4%	$235,000
US Bank, N.A. 10 offices in SD 320 S 1st St, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 2.85%	Conventional, FHA, VA, USDA, Jumbo, HELOC	241 +139 HELOCs	1.7%	78%	$225,000	View
Central Bank 6 offices in SD 600 Main Ave, Brookings, SD 57006 A+5.0 ★Texas Ratio: 2.72%	Conventional, FHA, VA, USDA, Jumbo, HELOC	239 +37 HELOCs	1.7%	94.9%	$295,000	View
Wells Fargo Bank NA 29 offices in SD 204 S 1st St, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 5.36%	Conventional, VA, Jumbo	134	0.9%	78%	$235,000	View
First Interstate Bank ★ 1 stars, 1 review 46 offices in SD 119 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 4.72%	Conventional, FHA, VA, USDA, Jumbo, HELOC	70 +263 HELOCs	0.5%	61.7%	$205,000	View
First National Bank of Omaha 3 offices in SD 79 2nd St Sw, Huron, SD 57350 A+5.0 ★Texas Ratio: 4.82%	Conventional, FHA, USDA, HELOC	35 +13 HELOCs	0.2%	81.8%	$215,000	View
Security Savings Bank 1 office in SD 100 S West St, Canton, SD 57013 A+5.0 ★Texas Ratio: 0.70%	Conventional, Jumbo	35	0.2%	94.6%	$235,000	View
Frontier Bank 1 office in SD 101 S Phillips Ave, Sioux Falls, SD 57104 A+4.7 ★Texas Ratio: 0.00%	Conventional	33	0.2%	97.1%	$115,000	View
JPMorgan Chase Bank, NA 4 offices in SD 1808 S Sycamore Ave, Sioux Falls, SD 57110 A+5.0 ★Texas Ratio: 3.68%	Conventional, FHA, Jumbo, HELOC	31 +4 HELOCs	0.2%	68.9%	$345,000	View
American State Bank 1 office in SD 1201 E Cliff Pl, Sioux Falls, SD 57108 A+5.0 ★Texas Ratio: 5.50%	Conventional, Jumbo	29	0.2%	93.5%	$225,000	View
Premier Bank 2 offices in SD 190 Iowa St, Alcester, SD 57001 A5.0 ★Texas Ratio: 11.19%	Conventional, Jumbo	23	0.2%	82.8%	$155,000	View
Minnwest Bank 6 offices in SD 607 Cornell Ave, Big Stone City, SD 57216 A+5.0 ★Texas Ratio: 5.77%	Conventional, HELOC	20 +27 HELOCs	0.1%	90.9%	$175,000	View
First State Bank Southwest 1 office in SD 4400 E 57th St, Sioux Falls, SD 57108 A4.7 ★Texas Ratio: 6.01%	Conventional	18	0.1%	100%	$275,000	View
BMO Harris Bank NA 7 offices in SD 135 E Main St, Corsica, SD 57328 A+5.0 ★Texas Ratio: 3.54%	Conventional, FHA, Jumbo, HELOC	17 +32 HELOCs	0.1%	77.3%	$215,000	View
Security First Bank 6 offices in SD 401 3rd Ave, Martin, SD 57551 A+5.0 ★Texas Ratio: 1.27%	Conventional, Jumbo	16	0.1%	90.5%	$405,000	View
Peoples Bank 1 office in SD 100 S Sodrac Dr, North Sioux City, SD 57049 A5.0 ★Texas Ratio: 6.85%	Conventional	14	0.1%	87.5%	$145,000	View
Cornerstone Bank 3 offices in SD 6045 S Louise Ave, Sioux Falls, SD 57108 B4.5 ★Texas Ratio: 21.20%	Conventional, Jumbo	10	0.1%	100%	$105,000	View
Heritage Bank NA 1 office in SD 140 N Phillips Ave, Sioux Falls, SD 57104 C-3.6 ★Texas Ratio: 31.27%	Conventional	10	0.1%	90.9%	$245,000	View
Frandsen Bank & Trust 1 office in SD 302 E 4th Ave, Milbank, SD 57252 A+5.0 ★Texas Ratio: 5.91%	Conventional	6	0%	100%	$165,000	View
Bank Midwest 1 office in SD 225 S Minnesota Ave, Sioux Falls, SD 57104 A+5.0 ★Texas Ratio: 3.34%	Conventional	4	0%	100%	$315,000	View
First Western Bank & Trust 1 office in SD 320 S Phillips Ave, Sioux Falls, SD 57104 A-5.0 ★Texas Ratio: 15.55%	Conventional, USDA	4	0%	100%	$255,000	View
Citibank, NA 1 office in SD 5800 S Corporate Pl, Sioux Falls, SD 57108 A+5.0 ★Texas Ratio: 2.82%	Conventional, HELOC	2 +4 HELOCs	0%	100%	$365,000	View
Dakota Community Bank & Trust, NA 1 office in SD 1711 W Grand Xing, Mobridge, SD 57601 A+5.0 ★Texas Ratio: 0.58%	Conventional	2	0%	100%	$25,000	View
First National Bank 1 office in SD 141 E Main St, Oldham, SD 57051 A5.0 ★Texas Ratio: 9.42%	Conventional	2	0%	66.7%	$45,000	View
Pioneer Bank 1 office in SD 211 Sioux Point Rd, Dakota Dunes, SD 57049 A+5.0 ★Texas Ratio: 0.65%	Conventional	2	0%	100%	$255,000	View
Huntington National Bank 9 offices in SD A+5.0 ★Texas Ratio: 3.66%	Conventional, FHA, Jumbo	12	0.1%	92.3%	$245,000	View
Rocket Mortgage	Conventional, FHA, VA, Jumbo	753	5.3%	81.8%	$175,000
Cmg Mortgage Inc	Conventional, FHA, VA, USDA, Jumbo, HELOC	619 +47 HELOCs	4.3%	98.8%	$315,000
First International Bank & Trust	Conventional, FHA, VA, USDA, Jumbo, HELOC	406 +69 HELOCs	2.8%	97.1%	$295,000
United Wholesale Mortgage	Conventional, FHA, VA, USDA, Jumbo, HELOC	397 +6 HELOCs	2.8%	89.9%	$315,000
Fairway Independent Mort Corp	Conventional, FHA, VA, USDA, Jumbo	337	2.4%	97.4%	$275,000
Mortgage Research Center	Conventional, FHA, VA, USDA, Jumbo	298	2.1%	75.3%	$305,000
Granite Bank A5.0 ★Texas Ratio: 13.85%	Conventional, FHA, VA, USDA, Jumbo	219	1.5%	90.1%	$265,000	View
Pennymac Loan Services LLC	Conventional, FHA, VA, Jumbo	179	1.3%	84.9%	$255,000
Guaranteed Rate, Inc.	Conventional, FHA, VA, USDA, Jumbo, HELOC	161 +8 HELOCs	1.1%	92.6%	$285,000
Freedom Mortgage Corporation	Conventional, FHA, VA, Jumbo	160	1.1%	88.1%	$305,000
CrossCountry Mortgage, LLC	Conventional, FHA, VA, Jumbo, HELOC	156 +12 HELOCs	1.1%	97.5%	$255,000
Gateway First Bank B+4.8 ★Texas Ratio: 17.16%	Conventional, FHA, VA, USDA	146	1%	94.8%	$245,000	View
Newrez LLC	Conventional, FHA, VA, Jumbo	144	1%	68.7%	$315,000
American Neighborhood Mortgage Acceptance Company	Conventional, FHA, VA, USDA, Jumbo	135	0.9%	100%	$335,000
Nationstar Mortgage	Conventional, FHA, VA	92	0.6%	83.6%	$105,000
Farm Credit Mid-America, Aca	Conventional, Jumbo	91	0.6%	84.3%	$335,000
Kind Lending, LLC	Conventional, FHA, VA, USDA	82	0.6%	81%	$345,000
Navy Federal Credit Union	Conventional, VA, HELOC	79 +23 HELOCs	0.6%	82.3%	$255,000
American Pacific Mortgage Corporation	Conventional, FHA, VA, USDA, Jumbo	79	0.6%	92.9%	$335,000
loanDepot.com LLC	Conventional, FHA, VA, HELOC	71 +2 HELOCs	0.5%	59.7%	$165,000
Amerisave Mortgage Company	Conventional, FHA, VA	60	0.4%	29.7%	$75,000
Lakeview Loan Servicing, LLC	Conventional, FHA, VA	46	0.3%	49.6%	$285,000
West Gate Bank A+5.0 ★Texas Ratio: 1.69%	Conventional	44	0.3%	95.7%	$315,000	View
Citizens Bank, NA A+5.0 ★Texas Ratio: 5.44%	Conventional, FHA, VA, HELOC	43 +38 HELOCs	0.3%	86.3%	$315,000	View
New Day Financial, LLC.	VA	39	0.3%	56.2%	$265,000
Mutual of Omaha Mortgage	Conventional, FHA, VA, HELOC	38 +1 HELOCs	0.3%	66.7%	$305,000
New American Funding, LLC.	Conventional, FHA, VA, HELOC	38 +1 HELOCs	0.3%	55.1%	$185,000
21St Mortgage	Conventional	38	0.3%	28.8%	$95,000
Sofi Bank, National Association A+5.0 ★Texas Ratio: 0.51%	Conventional, FHA	38	0.3%	84.4%	$105,000	View
Usaa Federal Savings Bank B-3.5 ★Texas Ratio: 6.80%	Conventional, VA	36	0.3%	65%	$325,000	View
American Financial Resources LLC	Conventional, FHA, VA, USDA	33	0.2%	100%	$235,000
Iowa Bankers Mortgage Corporation	Conventional	33	0.2%	78.6%	$265,000
Triad Financial Services, Inc.	Conventional	29	0.2%	50.8%	$85,000
Servion	Conventional, FHA, VA	28	0.2%	96.6%	$255,000
Planet Home Lending, LLC	Conventional, FHA, VA	27	0.2%	84.4%	$265,000
Siouxland Federal Credit Union	Conventional, Jumbo	27	0.2%	90.3%	$205,000
The Federal Savings Bank B+4.8 ★Texas Ratio: 16.98%	Conventional, VA	27	0.2%	87.1%	$395,000	View
Cardinal Financial Company, Li	Conventional, FHA, VA, USDA	26	0.2%	90.9%	$215,000
Primary Residential Mortgage, INC.	Conventional, FHA, VA	23	0.2%	95.8%	$235,000
Towne Mortgage Company	Conventional, FHA, VA	23	0.2%	100%	$355,000
Equity Prime Mortgage LLC	FHA, VA	22	0.2%	79.3%	$275,000
Discover Bank	Conventional	21	0.1%	23.2%	$85,000
The Security National Bank of Sioux City, Iowa A+5.0 ★Texas Ratio: 1.49%	Conventional, Jumbo	19	0.1%	95%	$305,000	View
Guild Mortgage Company	Conventional, FHA, VA, Jumbo	19	0.1%	95.5%	$345,000
American Financing Corporation	Conventional, FHA, VA, USDA	19	0.1%	54.8%	$165,000
Union Home Mortgage Corp.	Conventional, FHA, VA	19	0.1%	100%	$375,000
PHH Mortgage Corporation	Conventional, FHA, VA	16	0.1%	78.3%	$255,000
Village Capital & Investment	FHA, VA	16	0.1%	82.5%	$335,000
Mission Loans, LLC	Conventional, FHA, VA, HELOC	15 +12 HELOCs	0.1%	94.1%	$105,000
Flanagan State Bank A4.7 ★Texas Ratio: 2.58%	Conventional, FHA, VA	15	0.1%	93.8%	$275,000	View
Bell Bank A+5.0 ★Texas Ratio: 3.66%	Conventional, VA	14	0.1%	93.3%	$295,000	View
Click n' Close, Inc.	FHA	14	0.1%	90.5%	$235,000
Primebank A-4.9 ★Texas Ratio: 16.11%	Conventional	14	0.1%	93.8%	$245,000	View
Northwest Bank A+5.0 ★Texas Ratio: 1.69%	Conventional, FHA, HELOC	13 +9 HELOCs	0.1%	100%	$315,000	View
Sage Home Loans Corporation	Conventional	13	0.1%	88.9%	$275,000
Bank of Dixon County	Conventional	13	0.1%	86.7%	$185,000
Nbkc Bank	Conventional, FHA, VA	12	0.1%	76.5%	$325,000
Carrington Mortgage Services LLC	Conventional, FHA, VA	12	0.1%	37.8%	$225,000
Merchants Bank, National Association A+5.0 ★Texas Ratio: 3.28%	Conventional	11	0.1%	100%	$285,000	View
Barrington Bank & Trust Company, N.A. A+5.0 ★Texas Ratio: 2.20%	Conventional, VA	11	0.1%	78.6%	$285,000	View
Flagstar Bank NA D3.3 ★Texas Ratio: 35.11%	Conventional, FHA, VA, HELOC	10 +4 HELOCs	0.1%	71.4%	$275,000	View
Mortgage Solutions of Colorado	Conventional, FHA, VA	10	0.1%	91.7%	$265,000
Better Mortgage Corporation	Conventional, FHA, HELOC	9 +7 HELOCs	0.1%	75%	$355,000
AmeriHome Mortgage Company, LLC	Conventional, FHA, VA	9	0.1%	81.8%	$305,000
Lower, LLC	FHA, VA	9	0.1%	75%	$275,000
Plaza Home Mortgage, Inc	Conventional, FHA, VA, Jumbo	9	0.1%	75%	$355,000
A&D Mortgage LLC A+5.0 ★Texas Ratio: 4.11%	Conventional, FHA	8	0.1%	88.9%	$255,000	View
Movement Mortgage, LLC	Conventional, FHA, VA	8	0.1%	100%	$275,000
Availa Bank A+5.0 ★Texas Ratio: 1.89%	Conventional, Jumbo	8	0.1%	100%	$285,000	View
Churchill Mortgage Corporation	Conventional, FHA, VA	8	0.1%	100%	$175,000
Zillow Home Loans, LLC	Conventional, FHA	8	0.1%	80%	$135,000
The Loan Store, Inc	Conventional, VA	8	0.1%	88.9%	$255,000
Greenstate Credit Union	Conventional, VA, HELOC	7 +4 HELOCs	0%	87.5%	$385,000
Morgan Stanley Private Bank NA A4.8 ★Texas Ratio: 2.45%	Conventional, Jumbo, HELOC	7 +1 HELOCs	0%	77.8%	$905,000	View
Premia Mortgage, LLC A5.0 ★Texas Ratio: 13.21%	Conventional, VA	7	0%	100%	$415,000	View
Colorado Federal Savings Bank A+5.0 ★Texas Ratio: 3.16%	Conventional	7	0%	77.8%	$265,000	View
Change Lending A+5.0 ★Texas Ratio: 3.68%	Conventional, Jumbo	7	0%	100%	$585,000	View
Charter West Bank A+5.0 ★Texas Ratio: 2.29%	Conventional, FHA	7	0%	77.8%	$275,000	View
Ark-La-Tex Financial Services LLC	Conventional, VA, Jumbo	7	0%	100%	$325,000
Primelending	Conventional, FHA, VA, Jumbo	6	0%	100%	$325,000
Loanunited.Com, LLC	Conventional, VA	6	0%	54.5%	$285,000
Arvest Bank A5.0 ★Texas Ratio: 7.48%	Conventional, FHA	6	0%	75%	$285,000	View
University Bank A+5.0 ★Texas Ratio: 3.82%	Conventional, FHA	6	0%	85.7%	$95,000	View
Bank of America NA A+5.0 ★Texas Ratio: 4.14%	Conventional, HELOC	5 +19 HELOCs	0%	100%	$315,000	View
Midwest Heritage Bank FSB A5.0 ★Texas Ratio: 9.76%	Conventional	5	0%	100%	$335,000	View
Das Acquisition Company, LLC	Conventional, VA	5	0%	100%	$315,000
Bravera Bank A+5.0 ★Texas Ratio: 5.48%	Conventional, Jumbo	5	0%	100%	$705,000	View
American Internet Mortgage, Inc.	Conventional	5	0%	100%	$405,000
Waterstone Mortgage Corporation	Conventional, FHA	5	0%	100%	$235,000
Pentagon Federal Credit Union	Conventional, FHA, VA, HELOC	4 +6 HELOCs	0%	50%	$205,000
HomeTown Bank A+5.0 ★Texas Ratio: 3.53%	Conventional	4	0%	100%	$265,000	View
Pinnacle Bank - Wyoming A+5.0 ★Texas Ratio: 2.32%	Conventional, FHA	4	0%	100%	$195,000	View
First Federal Bank A+5.0 ★Texas Ratio: 1.10%	Conventional, VA	4	0%	100%	$405,000	View
Baxter Credit Union	Conventional	4	0%	80%	$415,000
Veridian Credit Union	Conventional, VA	4	0%	100%	$225,000
Nexbank A-5.0 ★Texas Ratio: 14.93%	Conventional	4	0%	80%	$465,000	View
The Central Trust Bank A+5.0 ★Texas Ratio: 3.12%	Conventional, FHA, VA	4	0%	100%	$415,000	View
First Community Credit Union	Conventional, FHA	4	0%	100%	$155,000
Charles Schwab Bank, Ssb A+5.0 ★Texas Ratio: 0.14%	Conventional, HELOC	3 +1 HELOCs	0%	100%	$475,000	View
Premier Credit Union A5.0 ★Texas Ratio: 11.19%	Conventional, HELOC	3 +1 HELOCs	0%	100%	$45,000	View
Gate City Bank	Conventional, HELOC	3 +1 HELOCs	0%	100%	$305,000
Bokf NA A+5.0 ★Texas Ratio: 1.05%	Conventional, Jumbo, HELOC	3 +1 HELOCs	0%	100%	$725,000	View
Alliant Credit Union	Conventional	3	0%	100%	$555,000
Premier Mortgage Resources, LLC	Conventional, FHA	3	0%	100%	$255,000
Old National Bank A+5.0 ★Texas Ratio: 4.98%	Conventional, VA	3	0%	100%	$255,000	View
Lakeview Community Capital	Conventional, FHA, VA	3	0%	100%	$235,000
Everett Financial, Inc.	Conventional, FHA	3	0%	100%	$145,000
M&T Bank A+5.0 ★Texas Ratio: 4.11%	Conventional	3	0%	60%	$165,000	View
Farmers Bank & Trust A+5.0 ★Texas Ratio: 0.65%	Conventional	3	0%	100%	$355,000	View
Think Mutual Bank A+5.0 ★Texas Ratio: 0.90%	Conventional, Jumbo	3	0%	75%	$95,000	View
Town and Country Credit Union	Conventional, FHA	3	0%	100%	$225,000
Novation Credit Union	Conventional	3	0%	100%	$55,000
Flat Branch Mortgage, Inc.	Conventional, VA	3	0%	100%	$345,000
SIRVA Mortgage, Inc.	FHA	3	0%	100%	$305,000
First Colony Mortgage Corporat	Conventional, FHA	3	0%	100%	$135,000
SouthPoint Financial Credit Union	Conventional	3	0%	100%	$65,000
V.I.P. Mortgage, Inc.	Conventional, FHA	3	0%	100%	$225,000
Raymond James Bank A+5.0 ★Texas Ratio: 3.19%	Conventional, Jumbo	3	0%	75%	$715,000	View
Thrivent Federal Credit Union	Conventional	3	0%	100%	$225,000
Union Bank and Trust Company A+5.0 ★Texas Ratio: 2.09%	Conventional	3	0%	75%	$355,000	View
Magnolia Bank A-5.0 ★Texas Ratio: 14.97%	Conventional, VA	3	0%	100%	$325,000	View
HomeBridge Financial Services, Inc	FHA, VA, HELOC	2 +5 HELOCs	0%	50%	$335,000
Empeople Credit Union	Conventional, HELOC	2 +2 HELOCs	0%	50%	$55,000
Wings Financial Credit Union	Conventional, HELOC	2 +2 HELOCs	0%	66.7%	$625,000
Polaris Home Funding Corp.	FHA, VA	2	0%	66.7%	$145,000
Genisys Credit Union	Conventional, Jumbo	2	0%	100%	$1,055,000
Cornerstone First Mortgage, LLC	FHA	2	0%	100%	$285,000
First Community Mortgage, Inc.	Conventional	2	0%	100%	$225,000
Guaranteed Rate Affinity, LLC	FHA, VA	2	0%	100%	$405,000
Arbor Bank A5.0 ★Texas Ratio: 10.07%	Conventional	2	0%	100%	$275,000	View
Success Lending, LLC	Conventional	2	0%	100%	$225,000
Canopy Mortgage, LLC	Conventional, FHA	2	0%	100%	$285,000
Compeer Financial	Conventional, Jumbo	2	0%	100%	$745,000
ANB Bank A+5.0 ★Texas Ratio: 3.70%	Conventional	2	0%	100%	$25,000	View
Cornerstone Capital Bank, Ssb A+5.0 ★Texas Ratio: 3.21%	Conventional	2	0%	100%	$145,000	View
The State Bank of Faribault	Conventional	2	0%	100%	$245,000
Ocmbc, Inc.	Conventional	2	0%	60%	$215,000
Sun West Mortgage Company, Inc	FHA, USDA	2	0%	66.7%	$165,000
Bank Forward A5.0 ★Texas Ratio: 6.75%	Conventional	2	0%	100%	$455,000	View
Unison Bank A+5.0 ★Texas Ratio: 3.87%	Conventional	2	0%	100%	$235,000	View
Calcon Mutual Mortgage LLC	Conventional, VA, Jumbo	2	0%	100%	$805,000
Midwest Bank A+5.0 ★Texas Ratio: 0.44%	Conventional, Jumbo	2	0%	100%	$1,425,000	View
Servis One, Inc	Conventional, FHA	2	0%	100%	$155,000
Axos Bank A+5.0 ★Texas Ratio: 3.94%	Conventional	2	0%	100%	$285,000	View
Western State Bank A5.0 ★Texas Ratio: 6.13%	Conventional	2	0%	100%	$275,000	View
Four Points Federal Credit Union	Conventional	2	0%	66.7%	$315,000
Railway Credit Union	Conventional	2	0%	100%	$165,000
Points West Community Bank A+5.0 ★Texas Ratio: 0.27%	Conventional	2	0%	100%	$485,000	View
Prosperity Home Mortgage, LLC	Conventional, FHA	2	0%	100%	$245,000
Sunflower Bank, N.A. A5.0 ★Texas Ratio: 10.77%	Conventional	2	0%	100%	$75,000	View
PNC Bank N.A. ★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24%	Conventional, Jumbo	2	0%	100%	$805,000	View
Paramount Residential Mortgage	Conventional	2	0%	100%	$535,000
Lincoln Federal Svgs Bk of Ne A+5.0 ★Texas Ratio: 3.23%	Conventional	2	0%	100%	$135,000	View
Stifel Bank & Trust A-4.8 ★Texas Ratio: 12.33%	Conventional, HELOC	1 +5 HELOCs	0%	100%	$705,000	View
Service Federal Credit Union A+5.0 ★Texas Ratio: 5.03%	Conventional, HELOC	1 +1 HELOCs	0%	100%	$65,000	View
Blaze Credit Union	Conventional, HELOC	1 +1 HELOCs	0%	100%	$455,000
EMM Loans LLC	Conventional	1	0%	100%	$475,000
Bankers Trust Company A+5.0 ★Texas Ratio: 2.48%	Conventional	1	0%	100%	$195,000	View
Alerus Financial NA A+5.0 ★Texas Ratio: 3.32%	Conventional	1	0%	100%	$295,000	View
American Mortgage Bank A+5.0 ★Texas Ratio: 4.14%	Conventional	1	0%	100%	$255,000	View
Alameda Mortgage Corporation	Conventional	1	0%	100%	$305,000
First Western Trust Bank A+5.0 ★Texas Ratio: 5.16%	Conventional	1	0%	100%	$305,000	View
Bny Mellon, N.A. A+5.0 ★Texas Ratio: 0.37%	Conventional	1	0%	100%	$315,000	View
Devon Bank B+4.0 ★Texas Ratio: 2.09%	Conventional	1	0%	100%	$455,000	View
Goldman Sachs Bank USA A+5.0 ★Texas Ratio: 4.32%	Conventional	1	0%	100%	$575,000	View
Luminate Bank A5.0 ★Texas Ratio: 11.06%	Conventional	1	0%	100%	$205,000	View
RANLife, Inc.	FHA	1	0%	100%	$255,000
Gold Star Mortgage Financial Group, Corporation	Conventional	1	0%	100%	$485,000
Atlantic Union Bank A+5.0 ★Texas Ratio: 2.51%	VA	1	0%	100%	$305,000	View
Go Mortgage, LLC	Conventional	1	0%	100%	$265,000
MortgageOne, Inc	FHA	1	0%	50%	$215,000
Envoy Mortgage, Ltd	FHA	1	0%	100%	$225,000
All Credit Considered Mortgage, Inc.	Conventional	1	0%	100%	$455,000
Signature Federal Credit Union	Conventional	1	0%	100%	$55,000
Central National Bank A+5.0 ★Texas Ratio: 0.14%	VA	1	0%	100%	$375,000	View
Deephaven Mortgage LLC	Conventional	1	0%	100%	$155,000
Synergy One Lending, Inc.	Conventional	1	0%	100%	$165,000
American Financial Network, Inc.	FHA	1	0%	33.3%	$205,000
Stockman Bank of Montana A+5.0 ★Texas Ratio: 4.20%	Conventional	1	0%	100%	$205,000	View
Homestead Funding Corp.	Conventional	1	0%	100%	$395,000
Primis Bank A5.0 ★Texas Ratio: 13.21%	Conventional	1	0%	100%	$525,000	View
Pinnacle Bank A+5.0 ★Texas Ratio: 3.04%	Conventional	1	0%	100%	$635,000	View
Northpointe Bank A5.0 ★Texas Ratio: 8.47%	Conventional	1	0%	100%	$285,000	View
Core Bank A+5.0 ★Texas Ratio: 0.26%	Conventional	1	0%	100%	$145,000	View
AgCountry Farm Credit Services, FLCA	Conventional	1	0%	100%	$325,000
Nqm Funding, LLC	Conventional	1	0%	100%	$335,000
F&M Bank A+5.0 ★Texas Ratio: 0.53%	Conventional	1	0%	100%	$185,000	View
Capital Credit Union	Conventional	1	0%	100%	$75,000
Sfmc, LP	Conventional	1	0%	100%	$305,000
Northview Bank A+5.0 ★Texas Ratio: 3.46%	Conventional	1	0%	100%	$425,000	View
Ally Bank A5.0 ★Texas Ratio: 8.00%	Conventional	1	0%	100%	$185,000	View
United Bank of Iowa A+5.0 ★Texas Ratio: 1.70%	Conventional	1	0%	50%	$275,000	View
Credit Human Federal Credit Un	Conventional	1	0%	25%	$55,000
Bank of Whittier, Na A+5.0 ★Texas Ratio: 0.00%	Conventional	1	0%	100%	$805,000	View
Bay Equity LLC	Conventional	1	0%	100%	$215,000
Great Southern Bank A+5.0 ★Texas Ratio: 1.55%	Conventional	1	0%	100%	$35,000	View
Eastman Credit Union	Conventional	1	0%	100%	$475,000
Real Genius LLC	Conventional	1	0%	100%	$365,000
Bank of Colorado A+5.0 ★Texas Ratio: 3.16%	Conventional	1	0%	100%	$205,000	View
First State Bank A+5.0 ★Texas Ratio: 0.00%	Conventional	1	0%	100%	$115,000	View
Homeowners Financial Group, LLC	FHA	1	0%	100%	$385,000
Starion Bank A5.0 ★Texas Ratio: 10.59%	Conventional	1	0%	100%	$305,000	View
BankFirst A+5.0 ★Texas Ratio: 3.25%	Conventional	1	0%	100%	$135,000	View
Frontier Bank A+4.7 ★Texas Ratio: 0.00%	Conventional	1	0%	100%	$215,000	View
Bruning Bank A+5.0 ★Texas Ratio: 0.00%	Conventional	1	0%	100%	$245,000	View
Oceanfirst Bank A+5.0 ★Texas Ratio: 5.26%	Conventional	1	0%	100%	$225,000	View
Commerce Bank A+5.0 ★Texas Ratio: 0.89%	Conventional	1	0%	100%	$325,000	View
KodaBank A+5.0 ★Texas Ratio: 2.26%	Conventional	1	0%	100%	$185,000	View
American Federal Bank A+5.0 ★Texas Ratio: 0.00%	Conventional	1	0%	100%	$325,000	View
Transportation Federal Credit Union	Conventional	1	0%	100%	$305,000
First Community Bank	Conventional, Jumbo	1	0%	100%	$1,255,000
Summit Mortgage Corporation	Conventional	1	0%	100%	$595,000
Nations Lending Corporation	Conventional	1	0%	100%	$325,000
Franklin Loan Corporation	Conventional	1	0%	100%	$245,000
Armed Forces Bank, N.A. A+5.0 ★Texas Ratio: 4.81%	VA	1	0%	100%	$545,000	View
Meridian Trust Federal Credit Union	Conventional	1	0%	100%	$155,000
Adams Bank & Trust A5.0 ★Texas Ratio: 10.02%	Conventional	1	0%	100%	$395,000	View
Castle & Cooke Mortgage, LLC	Conventional	1	0%	100%	$725,000
Communityamerica Federal Credit Union	Conventional	1	0%	100%	$125,000
Gateway Bank A+5.0 ★Texas Ratio: 0.01%	Conventional	1	0%	100%	$525,000	View
Peoples Bank B4.4 ★Texas Ratio: 21.68%	FHA	1	0%	100%	$305,000	View
Platte Valley Bank A+5.0 ★Texas Ratio: 3.51%	Conventional	1	0%	100%	$215,000	View
US Mortgage Corporation A+5.0 ★Texas Ratio: 2.85%	Conventional	1	0%	100%	$295,000	View
Citizens Alliance Bank A5.0 ★Texas Ratio: 10.53%	Conventional	1	0%	50%	$295,000	View
Five Points Bank ★ 2 stars, 1 review A+5.0 ★Texas Ratio: 0.06%	Conventional	1	0%	100%	$375,000	View
Willamette Valley Bank A+5.0 ★Texas Ratio: 0.89%	FHA	1	0%	100%	$155,000	View
City & County Credit Union	Conventional	1	0%	100%	$315,000
BankChampaign, N.A. A+5.0 ★Texas Ratio: 2.14%	Conventional	1	0%	100%	$105,000	View
Dundee Bank	Conventional	1	0%	100%	$455,000
RoundPoint Mortgage Servicing LLC	Conventional	1	0%	50%	$255,000
Choice Financial Group A+5.0 ★Texas Ratio: 2.70%	Conventional	1	0%	100%	$715,000	View
First National Bank of America B-4.3 ★Texas Ratio: 23.12%	Conventional	1	0%	50%	$405,000	View
Nationwide Mortgage Bankers, Inc.	Conventional	1	0%	100%	$265,000
Atkins Savings Bank & Trust	Conventional	1	0%	100%	$265,000
Peoples State Bank of Plainview A-4.7 ★Texas Ratio: 9.93%	Conventional	1	0%	100%	$425,000	View
Pinnacle Bank A+5.0 ★Texas Ratio: 1.45%	Conventional	1	0%	100%	$175,000	View
Truist Bank ★ 1 stars, 1 review A+5.0 ★Texas Ratio: 2.87%	Conventional	1	0%	50%	$95,000	View
Ubs Bank USA ★ 5 stars, 1 review A+5.0 ★Texas Ratio: 1.21%	Conventional	1	0%	100%	$505,000	View
Kirkwood Bank & Trust Co. A+5.0 ★Texas Ratio: 0.00%	Conventional, Jumbo	1	0%	100%	$865,000	View
Thrivent Bank	Conventional	1	0%	100%	$115,000
City National Bank A+5.0 ★Texas Ratio: 5.55%	Conventional, Jumbo	1	0%	100%	$2,005,000	View
Vanderbilt Mortgage and Finance, Inc	Conventional	1	0%	100%	$665,000
Mason-McDuffie Mortgage Corporation	Conventional	1	0%	100%	$55,000
Spring Eq, LLC	Conventional	1	0%	22.2%	$205,000
Geneva Financial LLC	Conventional	1	0%	100%	$555,000
CBI Bank & Trust A+5.0 ★Texas Ratio: 5.41%	Conventional	1	0%	100%	$215,000	View
Hometown Credit Union A+5.0 ★Texas Ratio: 3.53%	Conventional	1	0%	100%	$105,000	View
Home Federal Savings and Loan A+5.0 ★Texas Ratio: 1.17%	Conventional	1	0%	100%	$55,000	View
Heritage Bank A+5.0 ★Texas Ratio: 2.55%	Conventional	1	0%	50%	$265,000	View
Figure Lending LLC	HELOC	0 +57 HELOCs	0%	n/a
Coastal Community Bank B4.5 ★Texas Ratio: 20.96%	HELOC	0 +44 HELOCs	0%	n/a		View
Fourleaf Federal Credit Union	HELOC	0 +3 HELOCs	0%	n/a
American Airlines Federal Cred	HELOC	0 +2 HELOCs	0%	n/a
Bremer Bank NA	HELOC	0 +1 HELOCs	0%	n/a
MidFirst Bank A+5.0 ★Texas Ratio: 4.93%	HELOC	0 +1 HELOCs	0%	n/a		View
Farmers Insurance Federal Credit Union	HELOC	0 +1 HELOCs	0%	n/a
Valon Mortgage	HELOC	0 +1 HELOCs	0%	n/a
Connexus Credit Union	HELOC	0 +1 HELOCs	0%	n/a
Chevron Federal Credit Union	HELOC	0 +1 HELOCs	0%	n/a
First Savings Bank A+5.0 ★Texas Ratio: 3.36%	HELOC	0 +1 HELOCs	0%	n/a		View
Deerwood Bank A+5.0 ★Texas Ratio: 4.01%	HELOC	0 +1 HELOCs	0%	n/a		View

Lender counts and market shares come from 2025 federal HMDA loan data, the public record of mortgage applications and closings. Health grades: MonitorBankRates, rates as of Oct 7, 2026.

South Dakota Mortgage Rate Trends

Daily average mortgage rates for South Dakota compared with the national average, updated every evening.

30-Year Fixed SD Avg

7.363%

▲ 0.083 vs 7 days ago

15-Year Fixed SD Avg

6.870%

▲ 0.069 vs 7 days ago

Mortgage Lenders and Mortgage Brokers Near Me in South Dakota

Looking for mortgage lenders near me or mortgage brokers near me in South Dakota? Choose your city below to see the banks, credit unions and mortgage brokers that closed home loans there in 2025.

Types of Mortgage Lenders in South Dakota

Use these to narrow the list above. Each category shows how many South Dakota lenders fit and what that kind of lender is usually best for.

Mortgage companies and brokers 106 lenders. Nonbank lenders and brokers that shop several wholesale lenders; often the fastest closings Banks 166 lenders. Local and national banks with branches, portfolio and jumbo loans, and an MBR health grade Credit unions 44 lenders. Member owned, often lower fees and flexible underwriting for members FHA lenders 106 lenders. 3.5 percent down and credit scores into the 500s; the usual route for bad credit or low down payment buyers VA lenders 96 lenders. No down payment and no mortgage insurance for eligible veterans and service members USDA lenders 33 lenders. Zero down loans in eligible rural and suburban areas Jumbo lenders 69 lenders. Loans above the conforming limit for higher priced homes Local lenders based in SD 30 lenders headquartered in South Dakota, the closest thing to a mortgage lender near you

Who Lends in South Dakota

Independent mortgage companies closed 32.2 percent of home loans in South Dakota in 2025, banks 56.1 percent and credit unions 11.7 percent. Rocket Mortgage was the largest mortgage company, Plains Commerce Bank the largest bank and Levo Federal Credit Union the largest credit union. Among lenders headquartered in South Dakota, Plains Commerce Bank led with 1,498 loans.

32.2%

Mortgage companies

56.1%

Banks

11.7%

Credit unions

15%

FHA loans

13%

VA loans

How to Read This List

A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.

Title or escrow companies usually handle closings in South Dakota. State real estate transfer fee of $0.50 per $500 of value (0.1 percent), paid by the seller (SDCL 43-4-21); no mortgage recording tax.

More South Dakota Mortgage Lenders and Brokers

Each city page ranks the lenders that closed loans inside that city and flags lenders based there. Every city with home loans closed there in 2025 is listed.

Sioux Falls 159 lenders Rapid City 119 lenders Rapid Valley 59 lenders Watertown 60 lenders Spearfish 62 lenders Aberdeen 49 lenders Harrisburg 53 lenders Brookings 59 lenders Tea 52 lenders Yankton 58 lenders Mitchell 46 lenders Brandon 57 lenders Pierre 35 lenders Summerset 54 lenders Box Elder 41 lenders Sturgis 45 lenders Belle Fourche 40 lenders Shindler 40 lenders Lennox 42 lenders Vermillion 36 lenders Huron 26 lenders Hermosa 49 lenders Lead 49 lenders Blackhawk 39 lenders Hartford 36 lenders Madison 33 lenders Garretson 36 lenders Wall 37 lenders Dell Rapids 34 lenders Faith 30 lenders Hill City 44 lenders Parker 38 lenders Dakota Dunes 37 lenders Hot Springs 32 lenders Milbank 25 lenders North Sioux City 33 lenders Canton 24 lenders Centerville 33 lenders Beresford 30 lenders Valley Springs 30 lenders Volga 27 lenders Edgemont 33 lenders Elk Point 32 lenders Deadwood 34 lenders Bryant 17 lenders Elkton 31 lenders Salem 28 lenders Bridgewater 28 lenders Arlington 27 lenders Castlewood 20 lenders Lake Madison 27 lenders Keystone 21 lenders Wakonda 27 lenders Colton 24 lenders Gayville 25 lenders Freeman 25 lenders Tyndall 24 lenders Newell 20 lenders Custer 21 lenders Alexandria 21 lenders Colman 20 lenders Piedmont 19 lenders Florence 15 lenders Clark 15 lenders Blunt 16 lenders Parkston 19 lenders Mobridge 15 lenders Fort Pierre 15 lenders Hudson 18 lenders Gary 20 lenders Groton 19 lenders Mount Vernon 13 lenders Flandreau 17 lenders Webster 12 lenders Armour 15 lenders Hecla 18 lenders Platte 18 lenders Britton 12 lenders Onida 15 lenders Winner 13 lenders Rosholt 20 lenders Chamberlain 17 lenders Plankinton 15 lenders Clear Lake 13 lenders Presho 16 lenders De Smet 13 lenders Springfield 15 lenders Eureka 15 lenders Gettysburg 12 lenders Howard 13 lenders Ramona 8 lenders Waubay 18 lenders Gregory 10 lenders Kimball 9 lenders Wilmot 10 lenders Wolsey 8 lenders Ipswich 11 lenders Faulkton 9 lenders Miller 10 lenders Revillo 11 lenders Philip 10 lenders Wagner 11 lenders Woonsocket 11 lenders Mellette 8 lenders Bristol 6 lenders Burke 9 lenders Colome 10 lenders Bowdle 9 lenders Selby 10 lenders Wessington Springs 10 lenders Redfield 9 lenders Tripp 9 lenders Cavour 7 lenders Highmore 8 lenders Buffalo 6 lenders Lemmon 6 lenders Sisseton 8 lenders Summit 7 lenders Herreid 7 lenders Lake Andes 7 lenders Murdo 4 lenders Ree Heights 3 lenders Kadoka 3 lenders Martin 4 lenders Conde 3 lenders Dupree 3 lenders Allen 2 lenders Lower Brule 2 lenders McIntosh 2 lenders Mission 2 lenders Wanblee 2 lenders Eagle Butte 1 lenders Fort Thompson 1 lenders Kyle 1 lenders McLaughlin 1 lenders Porcupine 1 lenders Rosebud 1 lenders Timber Lake 1 lenders White River 1 lenders

Frequently Asked Questions About Mortgage Lenders in South Dakota

Who is the largest mortgage lender in South Dakota?

By home loans closed in 2025, Plains Commerce Bank was the largest mortgage lender in South Dakota with 1,498 loans, about 10.5 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which mortgage lenders in South Dakota have the highest approval rates?

Among lenders with meaningful volume in South Dakota, American Neighborhood Mortgage Acceptance Company approved the highest share of completed applications in 2025 at 100 percent, against a 85.3 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which South Dakota mortgage lenders offer FHA, VA and USDA loans?

106 lenders closed FHA loans in South Dakota in 2025, led by Plains Commerce Bank with 360. 96 lenders closed VA loans, led by Mortgage Research Center, and 33 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Are credit unions and local banks included in this South Dakota lender list?

Yes. 166 banks and 44 credit unions closed home loans in South Dakota in 2025, alongside 106 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

How are mortgage lenders in South Dakota ranked on this page?

Lenders are ranked only by the number of home loans they closed in South Dakota during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.

Methodology and Sources

Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in South Dakota for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.