# BANKWEST, INC.

> **Canonical URL:** https://saferate.com/lenders/bankwest


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


BANKWEST, INC. is a bank, headquartered in PIERRE, SD, serving borrowers across 6 states, with 174 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 49% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 33% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493007YN2BYYXCI7W64
- **Headquarters:** PIERRE, SD
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** AZ, CO, MT, ND, NE, SD
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 51/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 67/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.038%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,311
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 174
- **Dollar Volume:** $47 million
- **Applications Received:** 234
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $271,954
- **Average Borrower Income:** $133,408
- **Average Property Value:** $352,069

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 48/100 | 122 | +0.018% | $3,657 | Sound ☺️ |
| FHA | 60/100 | 31 | +0.035% | $2,652 | Sound ☺️ |
| VA | 59/100 | 12 | -0.569% | $2,612 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 107 loans, Score: 48/100 (Sound)

**FHA:**
- Purchase: 31 loans, Score: 60/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 50/100 | 157 | $44M | -0.034% | Sound ☺️ |
| Refinance | 38/100 | 17 | $4M | -0.074% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SD | 163 | 1.83% | 82/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 136 | 65/100 |
| Rapid City, SD | SD | 25 | 64/100 |

## Where This Lender Ranks

BANKWEST, INC. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Rapid City, SD Banks
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/banks)
- 🏆 **#5** in Rapid City, SD for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/banks/va-loans)
- 🏆 **#6** in Rapid City, SD
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders)
- 🏆 **#7** in Rapid City, SD for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#8** in South Dakota for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#9** in South Dakota for USDA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/usda-loans)
- 🏆 **#10** in South Dakota for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#12** in South Dakota Banks
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks)
- 🏆 **#12** in South Dakota for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/va-loans)
- 🏆 **#14** in South Dakota for FHA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/fha-loans)
- 🏆 **#15** in Rapid City, SD for VA Loans
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/va-loans)
- 🏆 **#16** in South Dakota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#17** in South Dakota
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders)
- 🏆 **#17** in Rapid City, SD for Conventional Loans
  - [View Full Rankings](https://saferate.com/rapid-city-sd/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does BANKWEST, INC. offer?

BANKWEST, INC. offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does BANKWEST, INC. offer mortgages?

BANKWEST, INC. offers mortgages in 6 states: AZ, CO, MT, ND, NE, SD.

### How competitive are BANKWEST, INC.'s mortgage rates?

BANKWEST, INC. has a pricing score of 51/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.038% below market average.

### What type of lender is BANKWEST, INC.?

BANKWEST, INC. is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in PIERRE, SD.

### What is BANKWEST, INC.'s loan approval success rate?

BANKWEST, INC. has a pull-through score of 67/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/bankwest

### How to Cite

> "BANKWEST, INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bankwest

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