Mortgage Lenders and Brokers in Madison, 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
Madison, South Dakota mortgage lenders include First Premier BankFirst Premier Bank202 Nw 2nd St, Madison, SD 57042A+5.0 ★Texas Ratio: 0.42%, First Bank & TrustFirst Bank & Trust120 N Egan Ave, Madison, SD 57042A+5.0 ★Texas Ratio: 3.79%, Bankwest, Inc.Bankwest, Inc.1046 Makenda Ave, Madison, SD 57042C+4.1 ★Texas Ratio: 26.29%, First Interstate BankFirst Interstate Bank301 N Egan Ave, Madison, SD 57042A+5.0 ★Texas Ratio: 4.72%, Wells Fargo Bank NAWells Fargo Bank NA200 N Egan Ave, Madison, SD 57042A+5.0 ★Texas Ratio: 5.36%, Plains Commerce BankPlains Commerce Bank524 S Dakota St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 9.09%, Quoin Financial BankQuoin Financial Bank209 Commercial Ave Se, Highmore, SD 57345A+5.0 ★Texas Ratio: 1.12%, Dacotah BankDacotah Bank308 S Main St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 12.58%, Central BankCentral Bank600 Main Ave, Brookings, SD 57006A+5.0 ★Texas Ratio: 2.72%, and Service First Federal Credit UnionService First Federal Credit Union3901 E 10th St, Sioux Falls, SD 57103 2133A+5.0 ★Texas Ratio: 5.03%. 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 Madison, South Dakota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Madison 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 Madison, South Dakota
Market share is the lender's share of all home loans closed in Madison, 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 Madison 202 Nw 2nd St, Madison, SD 57042 A+5.0 ★Texas Ratio: 0.42% |
Conventional, FHA, VA, HELOC | 20 +4 HELOCs |
16.5% | 90.9% | $229,000 | View |
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1 office in Madison 120 N Egan Ave, Madison, SD 57042 A+5.0 ★Texas Ratio: 3.79% |
Conventional, FHA, HELOC | 9 +5 HELOCs |
7.4% | 69.2% | $153,888 | View |
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1 office in Madison 1046 Makenda Ave, Madison, SD 57042 C+4.1 ★Texas Ratio: 26.29% |
Conventional | 5 | 4.1% | 83.3% | $221,000 | View |
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★ 1 stars, 1 review 1 office in Madison 301 N Egan Ave, Madison, SD 57042 A+5.0 ★Texas Ratio: 4.72% |
USDA, HELOC | 1 +1 HELOCs |
0.8% | 100% | $235,000 | View |
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1 office in Madison 200 N Egan Ave, Madison, SD 57042 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 1 | 0.8% | 50% | $125,000 | View |
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524 S Dakota St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA, VA | 15 | 12.4% | 93.8% | $233,000 | View |
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209 Commercial Ave Se, Highmore, SD 57345 A+5.0 ★Texas Ratio: 1.12% |
Conventional | 6 | 5% | 100% | $126,666 | View |
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308 S Main St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 12.58% |
Conventional | 2 | 1.7% | 100% | $215,000 | View |
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600 Main Ave, Brookings, SD 57006 A+5.0 ★Texas Ratio: 2.72% |
FHA, VA | 2 | 1.7% | 100% | $185,000 | View |
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3901 E 10th St, Sioux Falls, SD 57103 2133 A+5.0 ★Texas Ratio: 5.03% |
Conventional, FHA | 2 | 1.7% | 100% | $240,000 | View |
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3400 S Sycamore Ave, Sioux Falls, SD 57110 4412 A+5.0 ★Texas Ratio: 3.06% |
Conventional | 2 | 1.7% | 100% | $50,000 | View |
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320 S 1st St, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 1 | 0.8% | 100% | $105,000 | View |
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200 E 4th St, Colton, SD 57018 A+5.0 ★Texas Ratio: 2.16% |
FHA | 1 | 0.8% | 100% | $315,000 | View |
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700 E 14th St, Sioux Falls, SD 57104 5144 A5.0 ★Texas Ratio: 7.61% |
Conventional | 1 | 0.8% | 100% | $65,000 | |
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320 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 3.70% |
Conventional | 1 | 0.8% | 100% | $285,000 | View |
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2016 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 5.11% |
FHA | 1 | 0.8% | 100% | $245,000 | View |
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202 St Olaf Ave, Baltic, SD 57003 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 0.8% | 100% | $455,000 | View |
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376 Liberty Boulevard, Box Elder, SD 57719 A+5.0 ★Texas Ratio: 0.00% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
CU Mortgage Direct, LLC
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Conventional, FHA, USDA | 14 | 11.6% | 93.3% | $180,000 | |
Rocket Mortgage
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Conventional, VA | 10 | 8.3% | 83.3% | $165,000 | |
Mortgage Research Center
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VA | 5 | 4.1% | 83.3% | $289,000 | |
Freedom Mortgage Corporation
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VA | 3 | 2.5% | 100% | $348,333 | |
Newrez LLC
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VA | 3 | 2.5% | 100% | $271,666 | |
Fairway Independent Mort Corp
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Conventional, FHA | 3 | 2.5% | 100% | $125,000 | |
First International Bank & Trust
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Conventional, VA, HELOC | 2 +1 HELOCs |
1.7% | 100% | $200,000 | |
CrossCountry Mortgage, LLC
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Conventional, FHA | 2 | 1.7% | 100% | $190,000 | |
Guaranteed Rate, Inc.
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FHA | 1 | 0.8% | 100% | $245,000 | |
Lakeview Loan Servicing, LLC
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VA | 1 | 0.8% | 50% | $235,000 | |
Pennymac Loan Services LLC
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VA | 1 | 0.8% | 50% | $145,000 | |
New Day Financial, LLC.
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VA | 1 | 0.8% | 100% | $355,000 | |
Thrivent Federal Credit Union
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Conventional | 1 | 0.8% | 100% | $25,000 | |
Mutual of Omaha Mortgage
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FHA | 1 | 0.8% | 50% | $125,000 | |
New American Funding, LLC.
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FHA | 1 | 0.8% | 100% | $245,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.8% | 100% | $75,000 | View |
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A+5.0 ★Texas Ratio: 5.44% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
Greenstate Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Figure Lending 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 |
Madison 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 Madison, South Dakota
Looking for mortgage lenders near me or mortgage brokers near me in Madison? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Madison in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Madison, SD
Use these to narrow the list above. Each category shows how many Madison, SD lenders fit and what that kind of lender is usually best for.
Who Lends in Madison, SD
Independent mortgage companies closed 26.4 percent of home loans in Madison, South Dakota in 2025, banks 57 percent and credit unions 16.5 percent. Rocket Mortgage was the largest mortgage company, First Premier Bank the largest bank and Service First Federal Credit Union the largest credit union. Among lenders headquartered in South Dakota, First Premier Bank led with 20 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 Madison, SD
By home loans closed in 2025, First Premier Bank was the largest mortgage lender in Madison, South Dakota with 20 loans, about 16.5 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
13 lenders closed FHA loans in Madison, South Dakota in 2025, led by CU Mortgage Direct, LLC with 3. 11 lenders closed VA loans, led by Mortgage Research Center, and 2 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. 18 banks and 7 credit unions closed home loans in Madison, 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 Madison, 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 Madison, 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 Madison. 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.
