Mortgage Lenders and Brokers in Mitchell, 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
Mitchell, South Dakota mortgage lenders include Plains Commerce BankPlains Commerce Bank900 S Burr Street, Mitchell, SD 57301A5.0 ★Texas Ratio: 9.09%, First Dakota National BakFirst Dakota National Bak500 E Norway Ave, Mitchell, SD 57301A+5.0 ★Texas Ratio: 4.05%, Cortrust BankCortrust Bank100 E Havens Ave, Mitchell, SD 57301A+5.0 ★Texas Ratio: 5.11%, Bankwest, Inc.Bankwest, Inc.1200 E Spruce St, Mitchell, SD 57301C+4.1 ★Texas Ratio: 26.29%, First National Bank of OmahaFirst National Bank of Omaha210 N Lawler St, Mitchell, SD 57301A+5.0 ★Texas Ratio: 4.82%, Wells Fargo Bank NAWells Fargo Bank NA403 N Lawler St, Mitchell, SD 57301A+5.0 ★Texas Ratio: 5.36%, Cortrust Mortgage, Inc.Cortrust Mortgage, Inc.100 E Havens Ave, Mitchell, SD 57301A+5.0 ★Texas Ratio: 5.11%, US Bank, N.A.US Bank, N.A.1421 N Main St, Mitchell, SD 57301A+5.0 ★Texas Ratio: 2.85%, First Premier BankFirst Premier BankSecond And Main, Castlewood, SD 57223A+5.0 ★Texas Ratio: 0.42%, and First Bank & TrustFirst Bank & Trust2233 6th St, Brookings, SD 57006A+5.0 ★Texas Ratio: 3.79%. 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 Mitchell, South Dakota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Mitchell 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 Mitchell, South Dakota
Market share is the lender's share of all home loans closed in Mitchell, 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 Mitchell 900 S Burr Street, Mitchell, SD 57301 A5.0 ★Texas Ratio: 9.09% |
Conventional, FHA, VA, Jumbo | 40 | 15.6% | 90.9% | $242,250 | View |
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2 offices in Mitchell 500 E Norway Ave, Mitchell, SD 57301 A+5.0 ★Texas Ratio: 4.05% |
Conventional, FHA | 31 | 12.1% | 96.9% | $220,806 | View |
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1 office in Mitchell 100 E Havens Ave, Mitchell, SD 57301 A+5.0 ★Texas Ratio: 5.11% |
Conventional | 28 | 10.9% | 100% | $74,285 | View |
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2 offices in Mitchell 1200 E Spruce St, Mitchell, SD 57301 C+4.1 ★Texas Ratio: 26.29% |
Conventional, FHA, USDA | 16 | 6.2% | 94.1% | $187,500 | View |
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1 office in Mitchell 210 N Lawler St, Mitchell, SD 57301 A+5.0 ★Texas Ratio: 4.82% |
Conventional, FHA, HELOC | 6 +1 HELOCs |
2.3% | 100% | $170,000 | View |
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1 office in Mitchell 403 N Lawler St, Mitchell, SD 57301 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 2 | 0.8% | 66.7% | $125,000 | View |
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100 E Havens Ave, Mitchell, SD 57301 A+5.0 ★Texas Ratio: 5.11% |
Conventional, FHA, VA | 31 | 12.1% | 91.2% | $244,354 | View |
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1421 N Main St, Mitchell, SD 57301 A+5.0 ★Texas Ratio: 2.85% |
Conventional, FHA, USDA, HELOC | 13 +3 HELOCs |
5.1% | 92.9% | $201,923 | View |
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Second And Main, Castlewood, SD 57223 A+5.0 ★Texas Ratio: 0.42% |
Conventional, FHA, HELOC | 6 +1 HELOCs |
2.3% | 75% | $261,666 | View |
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2233 6th St, Brookings, SD 57006 A+5.0 ★Texas Ratio: 3.79% |
Conventional, USDA | 4 | 1.6% | 100% | $262,500 | View |
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700 E 14th St, Sioux Falls, SD 57104 5144 A5.0 ★Texas Ratio: 7.61% |
Conventional | 2 | 0.8% | 100% | $225,000 | |
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307 E Hustan Ave, Fort Pierre, SD 57532 A+5.0 ★Texas Ratio: 2.40% |
Conventional | 2 | 0.8% | 100% | $175,000 | View |
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320 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 3.70% |
Conventional | 2 | 0.8% | 66.7% | $245,000 | View |
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6045 S Louise Ave, Sioux Falls, SD 57108 B4.5 ★Texas Ratio: 21.20% |
Conventional | 1 | 0.4% | 100% | $35,000 | View |
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202 St Olaf Ave, Baltic, SD 57003 A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 0.4% | 100% | $125,000 | View |
CU Mortgage Direct, LLC
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Conventional | 1 | 0.4% | 100% | $115,000 | |
Rocket Mortgage
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Conventional, FHA | 12 | 4.7% | 81.2% | $122,500 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 11 | 4.3% | 91.7% | $331,363 | |
Mortgage Research Center
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VA | 4 | 1.6% | 66.7% | $292,500 | |
Newrez LLC
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VA | 3 | 1.2% | 100% | $415,000 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 3 | 1.2% | 75% | $261,666 | |
Amerisave Mortgage Company
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Conventional, FHA | 3 | 1.2% | 42.9% | $91,666 | |
Nationstar Mortgage
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Conventional, VA | 3 | 1.2% | 100% | $341,666 | |
Mortgage Solutions of Colorado
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Conventional, FHA, VA | 3 | 1.2% | 100% | $361,666 | |
Triad Financial Services, Inc.
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Conventional | 2 | 0.8% | 100% | $100,000 | |
PHH Mortgage Corporation
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Conventional | 2 | 0.8% | 100% | $160,000 | |
Cardinal Financial Company, Li
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Conventional, FHA | 2 | 0.8% | 50% | $85,000 | |
New Day Financial, LLC.
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VA | 2 | 0.8% | 100% | $240,000 | |
First International Bank & Trust
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Conventional, FHA | 2 | 0.8% | 100% | $295,000 | |
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A-5.0 ★Texas Ratio: 14.93% |
Conventional | 2 | 0.8% | 100% | $490,000 | View |
New American Funding, LLC.
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FHA | 2 | 0.8% | 66.7% | $255,000 | |
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A+5.0 ★Texas Ratio: 4.11% |
Conventional | 1 | 0.4% | 100% | $115,000 | View |
American Financial Resources LLC
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USDA | 1 | 0.4% | 100% | $255,000 | |
Guaranteed Rate, Inc.
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Conventional | 1 | 0.4% | 100% | $445,000 | |
Servion
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VA | 1 | 0.4% | 100% | $225,000 | |
Equity Prime Mortgage LLC
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FHA | 1 | 0.4% | 100% | $195,000 | |
loanDepot.com LLC
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Conventional | 1 | 0.4% | 100% | $185,000 | |
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A+5.0 ★Texas Ratio: 5.44% |
Conventional | 1 | 0.4% | 100% | $275,000 | View |
The State Bank of Faribault
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Conventional | 1 | 0.4% | 100% | $245,000 | |
Discover Bank
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Conventional | 1 | 0.4% | 100% | $45,000 | |
American Internet Mortgage, Inc.
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Conventional | 1 | 0.4% | 100% | $285,000 | |
Planet Home Lending, LLC
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Conventional | 1 | 0.4% | 100% | $285,000 | |
Mutual of Omaha Mortgage
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FHA | 1 | 0.4% | 100% | $285,000 | |
Lower, LLC
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VA | 1 | 0.4% | 50% | $445,000 | |
Fairway Independent Mort Corp
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Conventional | 1 | 0.4% | 100% | $285,000 | |
Carrington Mortgage Services LLC
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Conventional | 1 | 0.4% | 33.3% | $75,000 | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +3 HELOCs |
0% | n/a | View | |
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Navy Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Mitchell 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 Mitchell, South Dakota
Looking for mortgage lenders near me or mortgage brokers near me in Mitchell? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Mitchell in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Mitchell, SD
Use these to narrow the list above. Each category shows how many Mitchell, SD lenders fit and what that kind of lender is usually best for.
Who Lends in Mitchell, SD
Independent mortgage companies closed 24.9 percent of home loans in Mitchell, South Dakota in 2025, banks 73.9 percent and credit unions 1.2 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 40 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 Mitchell, SD
By home loans closed in 2025, Plains Commerce Bank was the largest mortgage lender in Mitchell, South Dakota with 40 loans, about 15.6 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
17 lenders closed FHA loans in Mitchell, South Dakota in 2025, led by Plains Commerce Bank with 15. 11 lenders closed VA loans, led by Mortgage Research Center, and 4 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. 20 banks and 3 credit unions closed home loans in Mitchell, South Dakota in 2025, alongside 26 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 Mitchell, 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 Mitchell, 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 Mitchell. 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.
