Mortgage Lenders and Brokers in Platte, 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
Platte, South Dakota mortgage lenders include BMO Harris Bank NABMO Harris Bank NA403 Main Street, Platte, SD 57369A+5.0 ★Texas Ratio: 3.54%, American Bank & TrustAmerican Bank & Trust320 6th Ave Se, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 3.70%, Heritage Bank NAHeritage Bank NA140 N Phillips Ave, Sioux Falls, SD 57104C-3.6 ★Texas Ratio: 31.27%, Plains Commerce BankPlains Commerce Bank524 S Dakota St, Aberdeen, SD 57401A5.0 ★Texas Ratio: 9.09%, US Bank, N.A.US Bank, N.A.320 S 1st St, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 2.85%, American State BankAmerican State Bank1201 E Cliff Pl, Sioux Falls, SD 57108A+5.0 ★Texas Ratio: 5.50%, 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%, First Interstate BankFirst Interstate Bank119 6th Ave Se, Aberdeen, SD 57401A+5.0 ★Texas Ratio: 4.72%, CU Mortgage Direct, LLCCU Mortgage Direct, LLCSioux Falls, SD, and Rocket Mortgage. 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 Platte, South Dakota in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Platte 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 Platte, South Dakota
Market share is the lender's share of all home loans closed in Platte, 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 Platte 403 Main Street, Platte, SD 57369 A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +2 HELOCs |
0% | n/a | View | |
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320 6th Ave Se, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 3.70% |
Conventional, FHA | 2 | 7.1% | 50% | $250,000 | View |
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140 N Phillips Ave, Sioux Falls, SD 57104 C-3.6 ★Texas Ratio: 31.27% |
Conventional | 2 | 7.1% | 100% | $285,000 | View |
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524 S Dakota St, Aberdeen, SD 57401 A5.0 ★Texas Ratio: 9.09% |
Conventional, USDA | 2 | 7.1% | 100% | $255,000 | View |
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320 S 1st St, Aberdeen, SD 57401 A+5.0 ★Texas Ratio: 2.85% |
Conventional | 1 | 3.6% | 100% | $175,000 | View |
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1201 E Cliff Pl, Sioux Falls, SD 57108 A+5.0 ★Texas Ratio: 5.50% |
Conventional | 1 | 3.6% | 100% | $65,000 | View |
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202 St Olaf Ave, Baltic, SD 57003 A+5.0 ★Texas Ratio: 3.28% |
Conventional, Jumbo | 1 | 3.6% | 100% | $1,355,000 | 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 +1 HELOCs |
0% | n/a | View | |
CU Mortgage Direct, LLC
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Conventional, FHA | 5 | 17.9% | 71.4% | $203,000 | |
Rocket Mortgage
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Conventional, FHA | 3 | 10.7% | 100% | $238,333 | |
Freedom Mortgage Corporation
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VA | 2 | 7.1% | 100% | $365,000 | |
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A+5.0 ★Texas Ratio: 3.28% |
Conventional | 1 | 3.6% | 100% | $165,000 | View |
Deephaven Mortgage LLC
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Conventional | 1 | 3.6% | 100% | $155,000 | |
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A5.0 ★Texas Ratio: 11.19% |
Conventional | 1 | 3.6% | 100% | $125,000 | View |
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A+5.0 ★Texas Ratio: 1.69% |
Conventional | 1 | 3.6% | 100% | $245,000 | View |
First International Bank & Trust
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Conventional | 1 | 3.6% | 100% | $105,000 | |
Empeople Credit Union
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Conventional | 1 | 3.6% | 100% | $55,000 | |
Mutual of Omaha Mortgage
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FHA | 1 | 3.6% | 50% | $105,000 | |
Farm Credit Mid-America, Aca
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Conventional | 1 | 3.6% | 100% | $535,000 | |
Navy Federal Credit Union
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Conventional | 1 | 3.6% | 100% | $205,000 |
Platte 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 Platte, South Dakota
Looking for mortgage lenders near me or mortgage brokers near me in Platte? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Platte in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Platte, SD
Use these to narrow the list above. Each category shows how many Platte, SD lenders fit and what that kind of lender is usually best for.
Who Lends in Platte, SD
Independent mortgage companies closed 28.6 percent of home loans in Platte, South Dakota in 2025, banks 42.9 percent and credit unions 28.6 percent. Rocket Mortgage was the largest mortgage company, BMO Harris Bank NA the largest bank and CU Mortgage Direct, LLC the largest credit union. Among lenders headquartered in South Dakota, American Bank & Trust led with 2 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 Platte, SD
By home loans closed in 2025, BMO Harris Bank NA was the largest mortgage lender in Platte, South Dakota with 0 loans, about 0 percent of the market. The largest lender headquartered in South Dakota was American Bank & Trust with 2 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
4 lenders closed FHA loans in Platte, South Dakota in 2025, led by American Bank & Trust with 1. 1 lenders closed VA loans, led by Freedom Mortgage Corporation, 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. 11 banks and 4 credit unions closed home loans in Platte, South Dakota in 2025, alongside 5 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 Platte, 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 Platte, 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 Platte. 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.
