Mortgage Lenders and Brokers in Elk Point, 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
Elk Point, South Dakota mortgage lenders include First Dakota National BakFirst Dakota National Bak117 W Main St, Elk Point, SD 57025A+5.0 ★Texas Ratio: 4.05%, Plains Commerce BankPlains Commerce Bank524 S Dakota St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 9.09%, Central BankCentral Bank600 Main Ave, Brookings, SD 57006A+5.0 ★Texas Ratio: 2.72%, First Premier BankFirst Premier BankSecond And Main, Castlewood, SD 57223A+5.0 ★Texas Ratio: 0.42%, US Bank, N.A.US Bank, N.A.320 S 1st St, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 2.85%, Dacotah BankDacotah Bank308 S Main St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 12.58%, Peoples BankPeoples Bank100 S Sodrac Dr, North Sioux City, SD 57049A5.0 ★Texas Ratio: 6.85%, Levo Federal Credit UnionLevo Federal Credit Union700 E 14th St, Sioux Falls, SD 57104 5144A5.0 ★Texas Ratio: 7.61%, American State BankAmerican State Bank1201 E Cliff Pl, Sioux Falls, SD 57108A+5.0 ★Texas Ratio: 5.50%, and Wells Fargo Bank NAWells Fargo Bank NA204 S 1st St, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 5.36%. 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 Elk Point, South Dakota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Elk Point 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 Elk Point, South Dakota
Market share is the lender's share of all home loans closed in Elk Point, 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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1 office in Elk Point 117 W Main St, Elk Point, SD 57025 A+5.0 ★Texas Ratio: 4.05% |
Conventional, VA, USDA | 6 | 9.8% | 85.7% | $251,666 | View |
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524 S Dakota St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA | 6 | 9.8% | 100% | $291,666 | View |
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600 Main Ave, Brookings, SD 57006 A+5.0 ★Texas Ratio: 2.72% |
Conventional, VA | 3 | 4.9% | 75% | $288,333 | View |
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Second And Main, Castlewood, SD 57223 A+5.0 ★Texas Ratio: 0.42% |
FHA, VA | 3 | 4.9% | 75% | $235,000 | View |
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320 S 1st St, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 2.85% |
Conventional, VA, HELOC | 2 +1 HELOCs |
3.3% | 100% | $265,000 | View |
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308 S Main St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 12.58% |
Conventional | 2 | 3.3% | 100% | $205,000 | View |
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100 S Sodrac Dr, North Sioux City, SD 57049 A5.0 ★Texas Ratio: 6.85% |
Conventional | 2 | 3.3% | 100% | $85,000 | View |
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700 E 14th St, Sioux Falls, SD 57104 5144 A5.0 ★Texas Ratio: 7.61% |
Conventional | 1 | 1.6% | 100% | $145,000 | |
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1201 E Cliff Pl, Sioux Falls, SD 57108 A+5.0 ★Texas Ratio: 5.50% |
Conventional | 1 | 1.6% | 100% | $325,000 | View |
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204 S 1st St, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 1.6% | 100% | $35,000 | View |
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2016 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 5.11% |
VA | 1 | 1.6% | 100% | $275,000 | View |
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3400 S Sycamore Ave, Sioux Falls, SD 57110 4412 A+5.0 ★Texas Ratio: 3.06% |
Conventional | 1 | 1.6% | 100% | $155,000 | View |
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5800 E 18th St Ste 101, Sioux Falls, SD 57110 A+5.0 ★Texas Ratio: 5.29% |
Conventional | 1 | 1.6% | 100% | $95,000 | View |
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2233 6th St, Brookings, SD 57006 A+5.0 ★Texas Ratio: 3.79% |
HELOC | 0 +3 HELOCs |
0% | n/a | View | |
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135 E Main St, Corsica, SD 57328 A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +3 HELOCs |
0% | n/a | View | |
Rocket Mortgage
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Conventional, FHA | 4 | 6.6% | 66.7% | $155,000 | |
Mortgage Research Center
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VA | 4 | 6.6% | 100% | $240,000 | |
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A+5.0 ★Texas Ratio: 5.44% |
Conventional, HELOC | 2 +1 HELOCs |
3.3% | 100% | $265,000 | View |
Guaranteed Rate, Inc.
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Conventional, FHA | 2 | 3.3% | 66.7% | $260,000 | |
loanDepot.com LLC
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Conventional, VA | 2 | 3.3% | 100% | $130,000 | |
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A-4.9 ★Texas Ratio: 16.11% |
Conventional | 2 | 3.3% | 100% | $170,000 | View |
Iowa Bankers Mortgage Corporation
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Conventional | 2 | 3.3% | 66.7% | $155,000 | |
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A+5.0 ★Texas Ratio: 1.69% |
Conventional, FHA | 2 | 3.3% | 100% | $230,000 | View |
United Wholesale Mortgage
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FHA | 1 | 1.6% | 100% | $345,000 | |
Newrez LLC
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VA | 1 | 1.6% | 50% | $345,000 | |
Pennymac Loan Services LLC
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FHA | 1 | 1.6% | 100% | $215,000 | |
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A+5.0 ★Texas Ratio: 3.25% |
Conventional | 1 | 1.6% | 100% | $135,000 | View |
Nationstar Mortgage
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Conventional | 1 | 1.6% | 100% | $65,000 | |
Siouxland Federal Credit Union
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Conventional | 1 | 1.6% | 100% | $195,000 | |
Mutual of Omaha Mortgage
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Conventional | 1 | 1.6% | 100% | $105,000 | |
New American Funding, LLC.
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FHA | 1 | 1.6% | 100% | $285,000 | |
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A+5.0 ★Texas Ratio: 2.29% |
FHA | 1 | 1.6% | 50% | $175,000 | View |
Farm Credit Mid-America, Aca
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Conventional | 1 | 1.6% | 100% | $335,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 1.6% | 100% | $395,000 | View |
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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A+5.0 ★Texas Ratio: 4.14% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Elk Point 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 Elk Point, South Dakota
Looking for mortgage lenders near me or mortgage brokers near me in Elk Point? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Elk Point in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Elk Point, SD
Use these to narrow the list above. Each category shows how many Elk Point, SD lenders fit and what that kind of lender is usually best for.
Who Lends in Elk Point, SD
Independent mortgage companies closed 34.4 percent of home loans in Elk Point, South Dakota in 2025, banks 59 percent and credit unions 6.6 percent. Rocket Mortgage was the largest mortgage company, First Dakota National Bak the largest bank and Levo Federal Credit Union the largest credit union. Among lenders headquartered in South Dakota, First Dakota National Bak led with 6 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 Elk Point, SD
By home loans closed in 2025, First Dakota National Bak was the largest mortgage lender in Elk Point, South Dakota with 6 loans, about 9.8 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
9 lenders closed FHA loans in Elk Point, South Dakota in 2025, led by First Premier Bank with 2. 8 lenders closed VA loans, led by Mortgage Research Center, and 1 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.
Yes. 19 banks and 4 credit unions closed home loans in Elk Point, South Dakota in 2025, alongside 13 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 Elk Point, 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 Elk Point, 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 Elk Point. 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.
