Mortgage Lenders and Brokers in Elkton, 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
Elkton, South Dakota mortgage lenders include First Bank & TrustFirst Bank & Trust2233 6th St, Brookings, SD 57006A+5.0 ★Texas Ratio: 3.79%, Plains Commerce BankPlains Commerce Bank524 S Dakota St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 9.09%, Dacotah BankDacotah Bank308 S Main St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 12.58%, First Premier BankFirst Premier BankSecond And Main, Castlewood, SD 57223A+5.0 ★Texas Ratio: 0.42%, Black Hills Federal Credit UnionBlack Hills Federal Credit Union376 Liberty Boulevard, Box Elder, SD 57719A+5.0 ★Texas Ratio: 0.00%, Reliabank DakotaReliabank Dakota200 E 4th St, Colton, SD 57018A+5.0 ★Texas Ratio: 2.16%, Minnwest BankMinnwest Bank607 Cornell Ave, Big Stone City, SD 57216A+5.0 ★Texas Ratio: 5.77%, American Bank & TrustAmerican Bank & Trust320 6th Ave Se, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 3.70%, Wells Fargo Bank NAWells Fargo Bank NA204 S 1st St, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 5.36%, and 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%. 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 Elkton, South Dakota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Elkton 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 Elkton, South Dakota
Market share is the lender's share of all home loans closed in Elkton, 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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2233 6th St, Brookings, SD 57006 A+5.0 ★Texas Ratio: 3.79% |
Conventional, FHA, HELOC | 10 +6 HELOCs |
17.2% | 66.7% | $196,000 | View |
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524 S Dakota St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA | 4 | 6.9% | 80% | $330,000 | View |
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308 S Main St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 12.58% |
Conventional, VA | 3 | 5.2% | 100% | $231,666 | View |
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Second And Main, Castlewood, SD 57223 A+5.0 ★Texas Ratio: 0.42% |
Conventional | 3 | 5.2% | 100% | $221,666 | View |
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376 Liberty Boulevard, Box Elder, SD 57719 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 1.7% | 100% | $385,000 | View |
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200 E 4th St, Colton, SD 57018 A+5.0 ★Texas Ratio: 2.16% |
Conventional | 1 | 1.7% | 100% | $595,000 | View |
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607 Cornell Ave, Big Stone City, SD 57216 A+5.0 ★Texas Ratio: 5.77% |
Conventional | 1 | 1.7% | 100% | $285,000 | View |
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320 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 3.70% |
Conventional | 1 | 1.7% | 100% | $445,000 | View |
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204 S 1st St, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 1.7% | 100% | $235,000 | View |
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202 St Olaf Ave, Baltic, SD 57003 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 1.7% | 100% | $275,000 | View |
Guaranteed Rate, Inc.
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Conventional, FHA, VA | 7 | 12.1% | 87.5% | $243,571 | |
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A+5.0 ★Texas Ratio: 1.69% |
Conventional | 3 | 5.2% | 100% | $485,000 | View |
Rocket Mortgage
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Conventional, VA | 2 | 3.4% | 100% | $125,000 | |
Nbkc Bank
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Conventional | 2 | 3.4% | 100% | $195,000 | |
Navy Federal Credit Union
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Conventional, VA | 2 | 3.4% | 100% | $225,000 | |
Servion
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VA | 1 | 1.7% | 100% | $255,000 | |
Success Lending, LLC
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Conventional | 1 | 1.7% | 100% | $345,000 | |
loanDepot.com LLC
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VA | 1 | 1.7% | 33.3% | $295,000 | |
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A+5.0 ★Texas Ratio: 3.46% |
Conventional | 1 | 1.7% | 100% | $425,000 | View |
Flat Branch Mortgage, Inc.
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VA | 1 | 1.7% | 100% | $345,000 | |
SIRVA Mortgage, Inc.
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FHA | 1 | 1.7% | 100% | $305,000 | |
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A+5.0 ★Texas Ratio: 3.53% |
Conventional | 1 | 1.7% | 100% | $25,000 | View |
Churchill Mortgage Corporation
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Conventional | 1 | 1.7% | 100% | $175,000 | |
Planet Home Lending, LLC
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VA | 1 | 1.7% | 100% | $305,000 | |
Iowa Bankers Mortgage Corporation
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Conventional | 1 | 1.7% | 100% | $135,000 | |
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A+5.0 ★Texas Ratio: 2.20% |
VA | 1 | 1.7% | 100% | $295,000 | View |
Mortgage Research Center
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VA | 1 | 1.7% | 100% | $385,000 | |
Farm Credit Mid-America, Aca
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Conventional | 1 | 1.7% | 50% | $155,000 | |
Fairway Independent Mort Corp
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FHA | 1 | 1.7% | 100% | $385,000 | |
First Community Credit Union
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Conventional | 1 | 1.7% | 100% | $175,000 | |
21St Mortgage
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Conventional | 1 | 1.7% | 100% | $205,000 | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Elkton 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 Elkton, South Dakota
Looking for mortgage lenders near me or mortgage brokers near me in Elkton? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Elkton in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Elkton, SD
Use these to narrow the list above. Each category shows how many Elkton, SD lenders fit and what that kind of lender is usually best for.
Who Lends in Elkton, SD
Independent mortgage companies closed 36.2 percent of home loans in Elkton, South Dakota in 2025, banks 56.9 percent and credit unions 6.9 percent. Guaranteed Rate, Inc. was the largest mortgage company, First Bank & Trust the largest bank and Black Hills Federal Credit Union the largest credit union. Among lenders headquartered in South Dakota, First Bank & Trust 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 Elkton, SD
By home loans closed in 2025, First Bank & Trust was the largest mortgage lender in Elkton, South Dakota with 10 loans, about 17.2 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
5 lenders closed FHA loans in Elkton, South Dakota in 2025, led by Guaranteed Rate, Inc. with 3. 10 lenders closed VA loans, led by Dacotah Bank. 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 Elkton, South Dakota in 2025, alongside 14 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 Elkton, 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 Elkton, 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 Elkton. 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.
