# CORTRUST MORTGAGE, INC.

> **Canonical URL:** https://saferate.com/lenders/cortrust-mortgage


> **📋 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


CORTRUST MORTGAGE, INC. is a independent mortgage company, headquartered in SIOUX FALLS, SD, serving borrowers across 13 states, with 388 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 40% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 30% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 213800M6RMI3YBX62W88
- **Headquarters:** SIOUX FALLS, SD
- **Geographic Reach:** Multi-Region
- **States Served:** 13
- **State List:** AR, FL, IA, IL, MI, MN, NC, ND, NE, OH, PA, SD, WI
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 60/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.078%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,664
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 388
- **Dollar Volume:** $102 million
- **Applications Received:** 501
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $262,010
- **Average Borrower Income:** $126,258
- **Average Property Value:** $348,093

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 61/100 | 328 | -0.102% | $2,877 | Strong 😀 |
| FHA | 61/100 | 42 | +0.432% | $1,013 | Strong 😀 |
| VA | 38/100 | 12 | -0.436% | $1,703 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 291 loans, Score: 60/100 (Strong)
- Refinance: 37 loans, Score: 52/100 (Sound)

**FHA:**
- Purchase: 40 loans, Score: 60/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 61/100 | 349 | $91M | -0.083% | Strong 😀 |
| Refinance | 51/100 | 39 | $10M | -0.035% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SD | 203 | 2.28% | 82/100 |
| MN | 171 | 0.26% | 72/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 243 | 69/100 |
| Sioux Falls, SD | SD-MN | 77 | 72/100 |
| Minneapolis | MN-WI | 47 | 58/100 |
| St. Cloud, MN | MN | 12 | 46/100 |

## Where This Lender Ranks

CORTRUST MORTGAGE, INC. appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in South Dakota for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥇 **#1** in South Dakota for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥈 **#2** in South Dakota for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥈 **#2** in Sioux Falls, SD for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🥉 **#3** in South Dakota Mortgage Companies
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/mortgage-companies)
- 🥉 **#3** in Sioux Falls, SD Mortgage Companies
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/mortgage-companies)
- 🏆 **#4** in Sioux Falls, SD for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#7** in South Dakota for FHA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/fha-loans)
- 🏆 **#7** in Minnesota for FHA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies/fha-loans)
- 🏆 **#8** in South Dakota for USDA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/usda-loans)
- 🏆 **#9** in Sioux Falls, SD for FHA Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/fha-loans)
- 🏆 **#12** in Sioux Falls, SD
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders)
- 🏆 **#12** in St. Cloud, MN for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/st-cloud-mn/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#13** in South Dakota for Conventional Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/conventional-loans)
- 🏆 **#13** in Minnesota for FHA Loans
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/fha-loans)
- 🏆 **#14** in Minnesota Mortgage Companies
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies)
- 🏆 **#15** in Sioux Falls, SD for Conventional Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/conventional-loans)
- 🏆 **#16** in South Dakota
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders)
- 🏆 **#16** in Minnesota for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#17** in South Dakota for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/mortgage-companies/va-loans)

## Frequently Asked Questions

### What loan types does CORTRUST MORTGAGE, INC. offer?

CORTRUST MORTGAGE, 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 CORTRUST MORTGAGE, INC. offer mortgages?

CORTRUST MORTGAGE, INC. offers mortgages in 13 states: AR, FL, IA, IL, MI, MN, NC, ND, NE, OH, PA, SD, WI.

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

CORTRUST MORTGAGE, INC. has a pricing score of 60/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.078% below market average.

### What type of lender is CORTRUST MORTGAGE, INC.?

CORTRUST MORTGAGE, INC. is a non-depository lender that specializes in mortgage origination, headquartered in SIOUX FALLS, SD.

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

CORTRUST MORTGAGE, INC. has a pull-through score of 70/100 (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/cortrust-mortgage

### How to Cite

> "CORTRUST MORTGAGE, INC. Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/cortrust-mortgage

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