Mortgage Lenders and Brokers in Colton, South Dakota
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Colton, South Dakota mortgage lenders include Plains Commerce BankPlains Commerce Bank524 S Dakota St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 9.09%, 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%, Cortrust BankCortrust Bank2016 6th Ave Se, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 5.11%, The First National Bank in Sioux FallsThe First National Bank in Sioux Falls202 St Olaf Ave, Baltic, SD 57003A+5.0 ★Texas Ratio: 3.28%, Black Hills Federal Credit UnionBlack Hills Federal Credit Union376 Liberty Boulevard, Box Elder, SD 57719A+5.0 ★Texas Ratio: 0.00%, US Bank, N.A.US Bank, N.A.320 S 1st St, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 2.85%, First Bank & TrustFirst Bank & Trust2233 6th St, Brookings, SD 57006A+5.0 ★Texas Ratio: 3.79%, and Dacotah BankDacotah Bank308 S Main St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 12.58%. 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 Colton, South Dakota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Colton are listed first, then lenders elsewhere in South Dakota, 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 Colton, South Dakota
Market share is the lender's share of all home loans closed in Colton, 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. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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524 S Dakota St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA | 10 | 20.8% | 90.9% | $433,000 | View |
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Second And Main, Castlewood, SD 57223 A+5.0 ★Texas Ratio: 0.42% |
Conventional, HELOC | 4 +3 HELOCs |
8.3% | 80% | $165,000 | View |
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700 E 14th St, Sioux Falls, SD 57104 5144 A5.0 ★Texas Ratio: 7.61% |
Conventional | 4 | 8.3% | 66.7% | $85,000 | |
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1208 West Cedar St, Beresford, SD 57004 A+5.0 ★Texas Ratio: 4.05% |
Conventional | 2 | 4.2% | 100% | $665,000 | View |
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2016 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 5.11% |
Conventional | 2 | 4.2% | 100% | $115,000 | View |
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202 St Olaf Ave, Baltic, SD 57003 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 2 | 4.2% | 100% | $120,000 | View |
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376 Liberty Boulevard, Box Elder, SD 57719 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 2.1% | 100% | $615,000 | View |
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320 S 1st St, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 1 | 2.1% | 50% | $215,000 | View |
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2233 6th St, Brookings, SD 57006 A+5.0 ★Texas Ratio: 3.79% |
Conventional | 1 | 2.1% | 100% | $385,000 | View |
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308 S Main St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 12.58% |
Conventional | 1 | 2.1% | 100% | $175,000 | View |
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607 Cornell Ave, Big Stone City, SD 57216 A+5.0 ★Texas Ratio: 5.77% |
Conventional | 1 | 2.1% | 100% | $235,000 | View |
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2016 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 5.11% |
FHA | 1 | 2.1% | 100% | $215,000 | View |
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703 Main Ave, Armour, SD 57313 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 1 | 2.1% | 100% | $25,000 | View |
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600 Main Ave, Brookings, SD 57006 A+5.0 ★Texas Ratio: 2.72% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
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★ 1 stars, 1 review 119 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 4.72% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
CU Mortgage Direct, LLC
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Conventional | 2 | 4.2% | 100% | $445,000 | |
First International Bank & Trust
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Conventional, FHA, VA | 4 | 8.3% | 100% | $492,500 | |
United Wholesale Mortgage
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FHA, VA | 2 | 4.2% | 66.7% | $585,000 | |
Cardinal Financial Company, Li
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Conventional, FHA | 2 | 4.2% | 100% | $170,000 | |
Newrez LLC
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FHA | 1 | 2.1% | 50% | $255,000 | |
Amerisave Mortgage Company
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Conventional | 1 | 2.1% | 50% | $35,000 | |
Iowa Bankers Mortgage Corporation
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Conventional | 1 | 2.1% | 100% | $165,000 | |
Mortgage Research Center
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VA | 1 | 2.1% | 100% | $205,000 | |
Lower, LLC
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VA | 1 | 2.1% | 100% | $205,000 | |
Farm Credit Mid-America, Aca
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Conventional | 1 | 2.1% | 100% | $545,000 | |
Fairway Independent Mort Corp
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Conventional | 1 | 2.1% | 100% | $225,000 | |
CrossCountry Mortgage, LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Colton Mortgage Rate Trends
Daily average mortgage rates for South Dakota compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Colton, South Dakota
Looking for mortgage lenders near me or mortgage brokers near me in Colton? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Colton in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Colton, SD
Use these to narrow the list above. Each category shows how many Colton, SD lenders fit and what that kind of lender is usually best for.
Who Lends in Colton, SD
Independent mortgage companies closed 22.9 percent of home loans in Colton, South Dakota in 2025, banks 62.5 percent and credit unions 14.6 percent. United Wholesale 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 10 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 Lender Pages
Frequently Asked Questions About Mortgage Lenders in Colton, SD
By home loans closed in 2025, Plains Commerce Bank was the largest mortgage lender in Colton, South Dakota with 10 loans, about 20.8 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
6 lenders closed FHA loans in Colton, South Dakota in 2025, led by Plains Commerce Bank with 1. 4 lenders closed VA loans, led by First International Bank & Trust. 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.
Yes. 15 banks and 3 credit unions closed home loans in Colton, South Dakota in 2025, alongside 10 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.
Lenders are ranked only by the number of home loans they closed in Colton, 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 Colton, 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. City figures use the Census tracts that make up Colton. 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.
